SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
June 25, 1996
RESIDENTIAL ASSET SECURITIES CORP
(Exact name of the registrant as specified in its
charter)
33-56893
(Commission File Number)
Delaware 51-0362653
(State or other (I.R.S Employee
jurisdiction of Identification No.)
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the
required information for the June 1996 distribution to
holders of the following series of Conduit Mortgage
Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-KS1
1995-KS2
1995-KS3
1995-KS4
1996-KS1
1996-KS2
Item 7. Financial Statements and Exhibits
(a) See attached monthly reports
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this
report to be signed onits behalf by the undersigned
thereunto duly authorized.
RESIDENTIAL ASSET
SECURITIES CORP
By: /s/Scott Young
Name: Scott Young
Title: Controller
Dated: June 25, 1996
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-KS1 (POOL # 4173)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4173
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WAB2 94,350,062.00 65,712,404.40 6.087500 % 4,606,828.96
R 0.00 2,633,360.05 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 68,345,764.45 4,606,828.96
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 339,122.99 4,945,951.95 0.00 0.00 61,105,575.44
R 0.00 0.00 212,388.56 0.00 2,845,748.61
- -------------------------------------------------------------------------------
339,122.99 4,945,951.95 212,388.56 0.00 63,951,324.05
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 696.474417 48.826984 3.594306 52.421290 0.000000 647.647433
_______________________________________________________________________________
DETERMINATION DATE 20-June-96
DISTRIBUTION DATE 25-June-96
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-KS1 (POOL # 4173)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4173
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 25,732.74
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 108,605.18
MASTER SERVICER ADVANCES THIS MONTH 12,498.45
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 4,786,614.71
(B) TWO MONTHLY PAYMENTS: 11 1,352,893.54
(C) THREE OR MORE MONTHLY PAYMENTS: 4 399,259.74
FORECLOSURES
NUMBER OF LOANS 36
AGGREGATE PRINCIPAL BALANCE 4,768,218.37
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 63,951,324.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 599
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 11
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,282,828.84
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,728,101.25
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 488,545.62
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.14700330 % 3.85299670 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.55013340 % 4.44986660 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,830,502.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,238,927.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.95373320
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.34
POOL TRADING FACTOR: 67.78090305
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-KS2 (POOL # 4179)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4179
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WAC0 105,461,520.00 86,596,357.70 5.937500 % 4,232,894.35
R 0.00 2,161,015.45 0.000000 % 0.00
- -------------------------------------------------------------------------------
105,461,520.00 88,757,373.15 4,232,894.35
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 440,748.39 4,673,642.74 0.00 0.00 82,363,463.35
R 0.00 0.00 276,297.45 0.00 2,437,312.90
- -------------------------------------------------------------------------------
440,748.39 4,673,642.74 276,297.45 0.00 84,800,776.25
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 821.118050 40.136861 4.179234 44.316095 0.000000 780.981190
_______________________________________________________________________________
DETERMINATION DATE 20-June-96
DISTRIBUTION DATE 25-June-96
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-KS2 (POOL # 4179)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4179
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 35,259.09
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 96,085.94
MASTER SERVICER ADVANCES THIS MONTH 1,423.89
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 5,572,185.89
(B) TWO MONTHLY PAYMENTS: 6 1,028,611.93
(C) THREE OR MORE MONTHLY PAYMENTS: 4 379,408.24
FORECLOSURES
NUMBER OF LOANS 36
AGGREGATE PRINCIPAL BALANCE 3,550,784.78
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 84,800,776.25
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 765
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 3
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 164,969.40
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,915,518.59
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.56525530 % 2.43474470 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.12583660 % 2.87416340 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 3,163,846.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,798,026.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.49094321
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.42
POOL TRADING FACTOR: 80.40921079
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-KS3 (POOL # 4181)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4181
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A1-I 76110WAD8 36,305,000.00 22,993,456.89 8.000000 % 685,507.94
A2-I 76110WAE6 26,280,000.00 26,280,000.00 8.000000 % 0.00
A3-I 76110WAF3 19,819,000.00 19,819,000.00 8.000000 % 0.00
A4-I 76110WAG1 16,482,000.00 16,482,000.00 8.000000 % 0.00
A5-I 76110WAH9 11,122,743.00 11,122,743.00 8.000000 % 0.00
A-II 76110WAJ5 41,561,444.00 34,363,881.47 8.000000 % 1,334,534.70
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 1,921,948.71 8.120000 % 3,201.81
B2-I 760,800.00 751,208.53 8.120000 % 1,251.45
B3-I 988,100.00 580,805.32 8.120000 % 967.57
B1-I 1,125,622.41 1,114,115.57 8.120000 % 920.76
B2-I 259,759.02 257,103.59 8.120000 % 212.48
B3-I 346,345.37 340,146.27 8.120000 % 281.11
SPRE 0.00 0.00 1.977324 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 136,026,409.35 2,026,877.82
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A1-I 153,273.21 838,781.15 0.00 0.00 22,307,948.95
A2-I 175,181.14 175,181.14 0.00 0.00 26,280,000.00
A3-I 132,112.45 132,112.45 0.00 0.00 19,819,000.00
A4-I 109,868.17 109,868.17 0.00 0.00 16,482,000.00
A5-I 74,143.64 74,143.64 0.00 0.00 11,122,743.00
A-II 227,772.08 1,562,306.78 0.00 0.00 33,029,346.77
R 0.00 0.00 0.00 0.00 0.00
B1-I 13,003.79 16,205.60 0.00 0.00 1,918,746.90
B2-I 5,082.63 6,334.08 0.00 0.00 749,957.08
B3-I 3,929.70 4,897.27 0.00 0.00 579,837.75
B1-II 7,495.40 8,416.16 0.00 0.00 1,113,194.81
B2-II 1,729.70 1,942.18 0.00 0.00 256,891.11
B3-II 2,288.39 2,569.50 0.00 0.00 291,088.20
SPRED 223,779.56 223,779.56 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,129,659.86 3,156,537.68 0.00 0.00 133,950,754.57
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A1-I 633.341327 18.881915 4.221821 23.103736 0.000000 614.459412
A2-I 1000.000000 0.000000 6.665949 6.665949 0.000000 1000.000000
A3-I 1000.000000 0.000000 6.665949 6.665949 0.000000 1000.000000
A4-I 1000.000000 0.000000 6.665949 6.665949 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.665949 6.665949 0.000000 1000.000000
A-II 826.821163 32.109921 5.480370 37.590291 0.000000 794.711242
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 987.392916 1.644916 6.680641 8.325557 0.000000 985.748000
B2-I 987.392915 1.644913 6.680639 8.325552 0.000000 985.748002
B3-I 587.800142 0.979223 3.977027 4.956250 0.000000 586.820917
B1-I 989.777353 0.818001 6.658894 7.476895 0.000000 988.959353
B2-I 989.777333 0.817989 6.658864 7.476853 0.000000 988.959344
B3-I 982.101392 0.811646 6.607249 7.418895 0.000000 840.456441
_______________________________________________________________________________
DETERMINATION DATE 20-June-96
DISTRIBUTION DATE 25-June-96
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-KS3 (POOL # 4181)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4181
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 44,920.54
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,540.76
SUBSERVICER ADVANCES THIS MONTH 220,489.07
MASTER SERVICER ADVANCES THIS MONTH 3,192.58
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 9,529,855.11
(B) TWO MONTHLY PAYMENTS: 17 4,236,668.02
(C) THREE OR MORE MONTHLY PAYMENTS: 8 1,710,828.50
FORECLOSURES
NUMBER OF LOANS 23
AGGREGATE PRINCIPAL BALANCE 7,271,270.29
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 133,950,754.57
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 537
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 359,296.19
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,694,217.34
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.34973240 % 3.65026760 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.33468590 % 3.66531410 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,569,974.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,579,541.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.54659500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 267.87
POOL TRADING FACTOR: 85.32036379
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-KS4 (POOL # 4190)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4190
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WAL0 98,996,689.00 87,452,823.40 5.937500 % 1,499,243.52
R 4,664,765.74 6,175,834.01 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 93,628,657.41 1,499,243.52
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 447,093.38 1,946,336.90 0.00 0.00 85,953,579.88
R 256,449.24 256,449.24 43,853.27 0.00 6,219,687.28
- -------------------------------------------------------------------------------
703,542.62 2,202,786.14 43,853.27 0.00 92,173,267.16
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 883.391397 15.144380 4.516246 19.660626 0.000000 868.247017
R 1323.932295 0.000000 54.975802 54.975802 9.400959 1333.333253
_______________________________________________________________________________
DETERMINATION DATE 20-June-96
DISTRIBUTION DATE 25-June-96
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-KS4 (POOL # 4190)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4190
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 35,847.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,483.86
SUBSERVICER ADVANCES THIS MONTH 88,913.36
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 60 6,636,638.43
(B) TWO MONTHLY PAYMENTS: 12 1,239,171.84
(C) THREE OR MORE MONTHLY PAYMENTS: 5 477,887.09
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 2,177,665.20
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 92,173,267.16
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 897
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,400,924.14
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.40390630 % 6.59609370 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.25217880 % 6.74782120 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 3,109,844.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,697,474.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.33840913
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.88
POOL TRADING FACTOR: 88.91758985
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS1 (POOL # 4202)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4202
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WAM8 77,178,720.00 74,781,942.06 5.837500 % 1,862,422.21
R 0.00 389,214.46 0.000000 % 0.00
- -------------------------------------------------------------------------------
77,178,720.00 75,171,156.52 1,862,422.21
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 375,151.12 2,237,573.33 0.00 0.00 72,919,519.85
R 0.00 0.00 189,123.80 0.00 578,338.26
- -------------------------------------------------------------------------------
375,151.12 2,237,573.33 189,123.80 0.00 73,497,858.11
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 968.945093 24.131292 4.860810 28.992102 0.000000 944.813802
_______________________________________________________________________________
DETERMINATION DATE 20-June-96
DISTRIBUTION DATE 25-June-96
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-KS1 (POOL # 4202)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4202
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 30,736.47
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 45,878.85
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 4,290,968.45
(B) TWO MONTHLY PAYMENTS: 3 177,944.22
(C) THREE OR MORE MONTHLY PAYMENTS: 2 507,830.08
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 413,551.39
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 73,497,858.11
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 562
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,635,525.20
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.48222900 % 0.51777100 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.21312230 % 0.78687770 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,315,362.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,398,653.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.95451374
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.82
POOL TRADING FACTOR: 95.23072955
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS2 (POOL # 4209)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4209
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110WAN6 41,000,000.00 41,000,000.00 6.770000 % 780,969.03
A-2 76110WAP1 28,000,000.00 28,000,000.00 7.040000 % 0.00
A-3 76110WAQ9 12,000,000.00 12,000,000.00 7.410000 % 0.00
A-4 76110WAR7 14,086,733.00 14,086,733.00 7.980000 % 0.00
A-5 76110WAU0 352,608.35 352,608.35 0.000000 % 580.11
R-I 76110WAS5 100.00 100.00 7.980000 % 100.00
R-II 76110WAT3 100.00 100.00 7.980000 % 100.00
B-1 3,214,806.00 3,214,806.00 7.980000 % 2,116.67
B-2 904,165.00 904,165.00 7.980000 % 595.31
B-3 904,163.45 904,163.45 7.980000 % 595.31
SPRE 0.00 0.00 2.170045 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 100,462,675.80 785,056.43
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 231,248.32 1,012,217.35 0.00 0.00 40,219,030.97
A-2 164,224.05 164,224.05 0.00 0.00 28,000,000.00
A-3 74,080.78 74,080.78 0.00 0.00 12,000,000.00
A-4 93,652.47 93,652.47 0.00 0.00 14,086,733.00
A-5 0.00 580.11 0.00 0.00 352,028.24
R-I 0.67 100.67 0.00 0.00 0.00
R-II 0.67 100.67 0.00 0.00 0.00
B-1 21,372.91 23,489.58 0.00 0.00 3,212,689.33
B-2 6,011.14 6,606.45 0.00 0.00 903,569.69
B-3 6,011.13 6,606.44 0.00 0.00 903,568.14
SPRED 181,626.60 181,626.60 0.00 0.00 0.00
- -------------------------------------------------------------------------------
778,228.74 1,563,285.17 0.00 0.00 99,677,619.37
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 19.048025 5.640203 24.688228 0.000000 980.951975
A-2 1000.000000 0.000000 5.865145 5.865145 0.000000 1000.000000
A-3 1000.000000 0.000000 6.173398 6.173398 0.000000 1000.000000
A-4 1000.000000 0.000000 6.648275 6.648275 0.000000 1000.000000
A-5 1000.000000 1.645196 0.000000 1.645196 0.000000 998.354804
R-I 1000.000000 1000.00000 6.700000 1006.700000 0.000000 0.000000
R-II 1000.000000 1000.00000 6.700000 1006.700000 0.000000 0.000000
B-1 1000.000000 0.658413 6.648274 7.306687 0.000000 999.341587
B-2 1000.000000 0.658409 6.648278 7.306687 0.000000 999.341591
B-3 1000.000000 0.658399 6.648278 7.306677 0.000000 999.341590
_______________________________________________________________________________
DETERMINATION DATE 20-June-96
DISTRIBUTION DATE 25-June-96
Run: 06/29/96 09:31:01 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-KS2 (POOL # 4209)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4209
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 40,174.04
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,644.51
SUBSERVICER ADVANCES THIS MONTH 43,416.50
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 56 5,392,848.48
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 99,677,619.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 965
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 718,613.22
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.98238830 % 5.01761170 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.94608880 % 5.05391120 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 3,013,880.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,298,610.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.96788931
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.43
POOL TRADING FACTOR: 99.21855911
................................................................................
