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, 1997
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 1997 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-KS1 RASC
1995-KS2 RASC
1995-KS3 RASC
1995-KS4 RASC
1996-KS1 RASC
1996-KS2 RASC
1996-KS3 RASC
1996-KS4 RASC
1996-KS5 RASC
1997-KS1 RASC
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/Davee Olson
Name: Davee Olson
Title: Executive Vice President
and Chief Financial Officer
Dated: June 25, 1997
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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 35,898,653.62 6.400000 % 4,111,003.07
R 0.00 2,121,953.08 0.000000 % 234,951.84
- -------------------------------------------------------------------------------
94,350,062.00 38,020,606.70 4,345,954.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 184,991.84 4,295,994.91 0.00 0.00 31,787,650.55
R 141,221.92 376,173.76 0.00 0.00 1,887,001.24
- -------------------------------------------------------------------------------
326,213.76 4,672,168.67 0.00 0.00 33,674,651.79
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 380.483625 43.571811 1.960697 45.532508 0.000000 336.911814
_______________________________________________________________________________
DETERMINATION DATE 20-June-97
DISTRIBUTION DATE 25-June-97
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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 13,258.38
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 254.61
SUBSERVICER ADVANCES THIS MONTH 41,455.17
MASTER SERVICER ADVANCES THIS MONTH 6,328.96
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 3,069,697.84
(B) TWO MONTHLY PAYMENTS: 5 807,519.37
(C) THREE OR MORE MONTHLY PAYMENTS: 2 76,490.19
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 491,142.68
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 33,674,651.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 334
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 692,596.17
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,090,201.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 3,238,305.48
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.41893950 % 5.58106060 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.39637490 % 5.60362510 %
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 11.00457659
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.39
POOL TRADING FACTOR: 35.69118141
................................................................................
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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 47,181,053.77 6.250000 % 5,036,771.15
R 0.00 3,058,384.08 0.000000 % 0.00
- -------------------------------------------------------------------------------
105,461,520.00 50,239,437.85 5,036,771.15
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 234,117.11 5,270,888.26 0.00 0.00 42,144,282.62
R 172,845.76 172,845.76 0.00 0.00 3,058,384.08
- -------------------------------------------------------------------------------
406,962.87 5,443,734.02 0.00 0.00 45,202,666.70
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 447.376956 47.759326 2.219929 49.979255 0.000000 399.617629
_______________________________________________________________________________
DETERMINATION DATE 20-June-97
DISTRIBUTION DATE 25-June-97
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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 18,045.07
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 63,515.84
MASTER SERVICER ADVANCES THIS MONTH 1,759.51
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 5,826,195.31
(B) TWO MONTHLY PAYMENTS: 4 453,602.68
(C) THREE OR MORE MONTHLY PAYMENTS: 2 317,462.55
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 391,639.45
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 45,202,666.71
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 424
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 193,698.02
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,049,460.65
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 2,964,206.81
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.91238390 % 6.08761600 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.23406270 % 6.76593730 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,459,211.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,488,692.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.43880158
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.14
POOL TRADING FACTOR: 42.86176279
................................................................................
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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 3,489,314.03 8.000000 % 1,854,446.00
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 24,007,753.37 8.000000 % 268,873.05
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 1,882,009.08 8.120000 % 3,430.47
B2-I 760,800.00 41,835.99 8.120000 % 76.26
B3-I 988,100.00 0.00 8.120000 % 0.00
B1-I 1,125,622.41 985,582.66 8.120000 % 839.87
B2-I 259,759.02 0.00 8.120000 % 0.00
B3-I 346,345.37 0.00 8.120000 % 0.00
SPRE 0.00 0.00 1.981440 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 104,110,238.13 2,127,665.65
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A1-I 23,257.80 1,877,703.80 0.00 0.00 1,634,868.03
A2-I 175,167.67 175,167.67 0.00 0.00 26,280,000.00
A3-I 132,102.29 132,102.29 0.00 0.00 19,819,000.00
A4-I 109,859.72 109,859.72 0.00 0.00 16,482,000.00
A5-I 74,137.94 74,137.94 0.00 0.00 11,122,743.00
A-II 160,000.28 428,873.33 0.00 0.00 23,738,880.32
R 0.00 0.00 0.00 0.00 0.00
B1-I 12,732.58 16,163.05 0.00 0.00 1,878,578.61
B2-I 283.04 359.30 0.00 0.00 41,759.73
B3-I 0.00 0.00 0.00 0.00 0.00
B1-II 6,666.97 7,506.84 0.00 0.00 984,742.79
B2-II 0.00 0.00 0.00 0.00 0.00
B3-II 0.00 0.00 0.00 0.00 0.00
SPRED 171,869.45 171,869.45 0.00 0.00 0.00
- -------------------------------------------------------------------------------
866,077.74 2,993,743.39 0.00 0.00 101,982,572.48
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A1-I 96.111115 51.079631 0.640623 51.720254 0.000000 45.031484
A2-I 1000.000000 0.000000 6.665436 6.665436 0.000000 1000.000000
A3-I 1000.000000 0.000000 6.665437 6.665437 0.000000 1000.000000
A4-I 1000.000000 0.000000 6.665436 6.665436 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.665437 6.665437 0.000000 1000.000000
A-II 577.644833 6.469290 3.849729 10.319019 0.000000 571.175542
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 966.874103 1.762389 6.541308 8.303697 0.000000 965.111713
B2-I 54.989472 0.100237 0.372029 0.472266 0.000000 54.889233
B3-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 875.589053 0.746138 5.922919 6.669057 0.000000 874.842916
B2-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B3-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-June-97
DISTRIBUTION DATE 25-June-97
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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 33,452.99
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 156,788.03
MASTER SERVICER ADVANCES THIS MONTH 17,163.23
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 5,569,605.46
(B) TWO MONTHLY PAYMENTS: 12 2,894,076.96
(C) THREE OR MORE MONTHLY PAYMENTS: 1 190,808.33
FORECLOSURES
NUMBER OF LOANS 26
AGGREGATE PRINCIPAL BALANCE 6,839,833.41
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 101,982,572.48
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 420
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,819,746.70
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,962,155.37
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.20543550 % 2.79456450 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.15139450 % 2.84860550 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 624,549.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,298,881.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.54804500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 0.00
POOL TRADING FACTOR: 64.95812743
................................................................................
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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 61,164,496.41 6.250000 % 4,224,353.42
R 4,664,765.74 6,207,537.23 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 67,372,033.64 4,224,353.42
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 307,795.80 4,532,149.22 0.00 0.00 56,940,142.99
R 231,051.29 231,051.29 12,150.05 0.00 6,219,687.28
- -------------------------------------------------------------------------------
538,847.09 4,763,200.51 12,150.05 0.00 63,159,830.27
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 617.843860 42.671664 3.109152 45.780816 0.000000 575.172196
R 1330.728610 0.000000 49.531167 49.531167 2.604643 1333.333253
_______________________________________________________________________________
DETERMINATION DATE 20-June-97
DISTRIBUTION DATE 25-June-97
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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 24,065.15
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 75,631.98
MASTER SERVICER ADVANCES THIS MONTH 6,563.76
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 61 6,974,803.10
(B) TWO MONTHLY PAYMENTS: 12 1,149,028.77
(C) THREE OR MORE MONTHLY PAYMENTS: 3 514,447.04
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 171,469.21
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 63,159,830.27
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 635
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 666,669.02
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,838,912.51
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 2,373,964.85
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 90.78618100 % 9.21381900 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 90.15246360 % 9.84753640 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,548,157.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,077,292.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.55676744
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 323.72
POOL TRADING FACTOR: 60.92894454
................................................................................
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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 44,126,410.98 6.150000 % 5,260,905.87
R 0.00 2,746,376.93 0.000000 % 6,532.37
- -------------------------------------------------------------------------------
77,178,720.00 46,872,787.91 5,267,438.24
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 218,166.32 5,479,072.19 0.00 0.00 38,865,505.11
R 181,640.43 188,172.80 0.00 0.00 2,739,844.56
- -------------------------------------------------------------------------------
399,806.75 5,667,244.99 0.00 0.00 41,605,349.67
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 571.743234 68.165239 2.826768 70.992007 0.000000 503.577996
_______________________________________________________________________________
DETERMINATION DATE 20-June-97
DISTRIBUTION DATE 25-June-97
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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 17,506.46
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 78,555.00
MASTER SERVICER ADVANCES THIS MONTH 1,571.53
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 62 7,411,778.34
(B) TWO MONTHLY PAYMENTS: 10 1,090,473.19
(C) THREE OR MORE MONTHLY PAYMENTS: 2 154,431.14
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 142,808.30
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 41,605,349.67
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 341
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 186,263.82
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,325,874.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 3,922,120.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.14078610 % 5.85921400 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.41468200 % 6.58531800 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,071,853.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,292,750.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.89206095
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.22
POOL TRADING FACTOR: 53.90779955
................................................................................
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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 23,775,891.01 6.770000 % 2,555,464.49
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 352,608.35 337,176.73 0.000000 % 680.84
R-I 76110WAS5 100.00 0.00 7.980000 % 0.00
R-II 76110WAT3 100.00 0.00 7.980000 % 0.00
B-1 3,214,806.00 3,165,411.22 7.980000 % 12,644.37
B-2 904,165.00 890,272.72 7.980000 % 3,556.23
B-3 904,163.45 844,271.90 7.980000 % 3,372.49
SPRE 0.00 0.00 1.978850 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 83,099,756.58 2,575,718.42
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 133,262.48 2,688,726.97 0.00 0.00 21,220,426.52
A-2 163,197.36 163,197.36 0.00 0.00 28,000,000.00
A-3 73,617.64 73,617.64 0.00 0.00 12,000,000.00
A-4 93,066.97 93,066.97 0.00 0.00 14,086,733.00
A-5 0.00 680.84 0.00 0.00 336,495.89
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
B-1 20,912.95 33,557.32 0.00 0.00 3,152,766.85
B-2 5,881.77 9,438.00 0.00 0.00 886,716.49
B-3 5,577.86 8,950.35 0.00 0.00 840,899.41
SPRED 136,142.93 136,142.93 0.00 0.00 0.00
- -------------------------------------------------------------------------------
631,659.96 3,207,378.38 0.00 0.00 80,524,038.16
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 579.899781 62.328402 3.250304 65.578706 0.000000 517.571379
A-2 1000.000000 0.000000 5.828477 5.828477 0.000000 1000.000000
A-3 1000.000000 0.000000 6.134803 6.134803 0.000000 1000.000000
A-4 1000.000000 0.000000 6.606711 6.606711 0.000000 1000.000000
A-5 956.235807 1.930867 0.000000 1.930867 0.000000 954.304939
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B-1 984.635222 3.933167 6.505198 10.438365 0.000000 980.702055
B-2 984.635238 3.933165 6.505195 10.438360 0.000000 980.702073
B-3 933.760262 3.729945 6.169084 9.899029 0.000000 930.030306
_______________________________________________________________________________
DETERMINATION DATE 20-June-97
DISTRIBUTION DATE 25-June-97
Run: 06/30/97 14:50:26 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 32,525.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 89,757.00
MASTER SERVICER ADVANCES THIS MONTH 578.22
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 67 6,876,156.04
(B) TWO MONTHLY PAYMENTS: 14 1,634,169.98
(C) THREE OR MORE MONTHLY PAYMENTS: 1 33,602.80
FORECLOSURES
NUMBER OF LOANS 18
AGGREGATE PRINCIPAL BALANCE 2,095,729.08
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 80,524,038.16
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 792
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 61,322.63
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,244,531.18
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 267,999.05
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.07950330 % 5.92049670 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.91378930 % 6.08621070 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,663,458.00
SPECIAL HAZARD AMOUNT AVAILABLE 877,779.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.84210432
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 324.16
POOL TRADING FACTOR: 80.15318875
................................................................................
Run: 06/30/97 14:50:26 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS3 (POOL # 4210)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4210
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WAV8 143,731,008.00 106,892,230.98 6.100000 % 5,946,642.93
R 0.00 3,593,275.20 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 110,485,506.18 5,946,642.93
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 516,206.98 6,462,849.91 0.00 0.00 100,945,588.05
R 341,559.34 341,559.34 0.00 0.00 3,593,275.20
- -------------------------------------------------------------------------------
857,766.32 6,804,409.25 0.00 0.00 104,538,863.25
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 743.696384 41.373417 3.591480 44.964897 0.000000 702.322967
_______________________________________________________________________________
DETERMINATION DATE 20-June-97
DISTRIBUTION DATE 25-June-97
Run: 06/30/97 14:50:27 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-KS3 (POOL # 4210)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4210
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 44,708.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 155,604.27
MASTER SERVICER ADVANCES THIS MONTH 829.34
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 86 11,544,250.39
(B) TWO MONTHLY PAYMENTS: 17 2,042,030.95
(C) THREE OR MORE MONTHLY PAYMENTS: 8 1,331,419.94
FORECLOSURES
NUMBER OF LOANS 26
AGGREGATE PRINCIPAL BALANCE 3,726,305.06
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 104,538,863.25
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 807
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 99,223.65
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,892,470.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.74774070 % 3.25225940 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.56273740 % 3.43726260 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,311,930.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,437,310.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.26654785
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 344.66
POOL TRADING FACTOR: 72.73229674
................................................................................
Run: 06/30/97 14:51:29 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-KS4 (POOL # 4223)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4223
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110WAW6 33,524,000.00 23,540,184.08 5.812500 % 1,931,815.01
A-I- 76110WAX4 35,203,000.00 35,203,000.00 7.300000 % 0.00
A-I- 76110WAY2 7,449,000.00 7,449,000.00 7.625000 % 0.00
A-I- 76110WAZ9 11,675,000.00 11,675,000.00 7.900000 % 0.00
A-I- 76110WBA3 7,071,000.00 7,071,000.00 8.050000 % 0.00
A-II 76110WBB1 223,019,000.00 184,299,636.00 5.987500 % 5,406,125.94
R 1,035.81 6,367,328.63 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 275,605,148.71 7,337,940.95
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 110,198.65 2,042,013.66 0.00 0.00 21,608,369.07
A-I-2 214,106.20 214,106.20 0.00 0.00 35,203,000.00
A-I-3 47,322.16 47,322.16 0.00 0.00 7,449,000.00
A-I-4 76,844.13 76,844.13 0.00 0.00 11,675,000.00
A-I-5 47,424.58 47,424.58 0.00 0.00 7,071,000.00
A-II 888,328.43 6,294,454.37 0.00 0.00 178,893,510.06
R 167,511.77 167,511.77 631,999.93 0.00 6,999,328.56
- -------------------------------------------------------------------------------
1,551,735.92 8,889,676.87 631,999.93 0.00 268,899,207.69
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 702.189001 57.624836 3.287157 60.911993 0.000000 644.564165
A-I- 1000.000000 0.000000 6.082044 6.082044 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.352821 6.352821 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.581938 6.581938 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.706913 6.706913 0.000000 1000.000000
A-II 826.385357 24.240652 3.983196 28.223848 0.000000 802.144705
_______________________________________________________________________________
DETERMINATION DATE 20-June-97
DISTRIBUTION DATE 25-June-97
Run: 06/30/97 14:51:30 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-KS4 (POOL # 4223)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4223
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 112,850.45
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 289,375.65
MASTER SERVICER ADVANCES THIS MONTH 3,638.33
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 205 23,290,769.41
(B) TWO MONTHLY PAYMENTS: 31 3,762,367.69
(C) THREE OR MORE MONTHLY PAYMENTS: 9 1,212,887.95
FORECLOSURES
NUMBER OF LOANS 56
AGGREGATE PRINCIPAL BALANCE 6,097,257.82
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 268,899,207.69
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,295
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 420,758.85
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,073,892.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 485,080.48
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.68969170 % 2.31030830 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.39704380 % 2.60295620 %
BANKRUPTCY AMOUNT AVAILABLE 125,000.00
FRAUD AMOUNT AVAILABLE 3,518,891.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,900,000.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.30970700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.93
POOL TRADING FACTOR: 84.57491536
................................................................................
Run: 06/30/97 14:50:48 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS5 (POOL # 4232)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4232
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WBC9 200,011,758.00 181,281,692.53 6.025000 % 5,016,040.88
R 0.40 2,323,721.81 0.000000 % 0.00
- -------------------------------------------------------------------------------
200,011,758.40 183,605,414.34 5,016,040.88
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 879,845.66 5,895,886.54 0.00 0.00 176,265,651.65
R 0.00 0.00 541,855.19 0.00 2,865,577.00
- -------------------------------------------------------------------------------
879,845.66 5,895,886.54 541,855.19 0.00 179,131,228.65
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 906.355178 25.078730 4.398970 29.477700 0.000000 881.276448
_______________________________________________________________________________
DETERMINATION DATE 20-June-97
DISTRIBUTION DATE 25-June-97
Run: 06/30/97 14:50:48 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-KS5 (POOL # 4232)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4232
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 75,568.41
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 167,577.48
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 112 14,850,569.33
(B) TWO MONTHLY PAYMENTS: 17 2,008,743.25
(C) THREE OR MORE MONTHLY PAYMENTS: 3 472,549.99
FORECLOSURES
NUMBER OF LOANS 25
AGGREGATE PRINCIPAL BALANCE 2,787,742.51
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 179,131,228.65
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,383
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 4,335,100.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.73439360 % 1.26560640 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.40029180 % 1.59970820 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 6,000,353.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,000,118.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.08065401
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.86
POOL TRADING FACTOR: 89.56034889
................................................................................
Run: 06/30/97 14:51:31 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-KS1 (POOL # 4241)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4241
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110WBD7 52,000,000.00 49,587,074.27 5.827500 % 2,343,752.99
A-I- 76110WBE5 32,000,000.00 32,000,000.00 7.070000 % 0.00
A-I- 76110WBF2 16,000,000.00 16,000,000.00 7.390000 % 0.00
A-I- 76110WBG0 21,743,601.00 21,743,601.00 7.650000 % 0.00
A-II 76100WBH8 151,859,043.00 147,574,979.43 5.927500 % 3,126,997.30
R 1.60 1,342,543.32 0.000000 % 0.00
- -------------------------------------------------------------------------------
273,602,645.60 268,248,198.02 5,470,750.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 232,780.32 2,576,533.31 0.00 0.00 47,243,321.28
A-I-2 188,533.33 188,533.33 0.00 0.00 32,000,000.00
A-I-3 98,533.33 98,533.33 0.00 0.00 16,000,000.00
A-I-4 138,615.46 138,615.46 0.00 0.00 21,743,601.00
A-II 704,660.28 3,831,657.58 0.00 0.00 144,447,982.13
R 0.00 0.00 759,766.60 0.00 2,102,309.92
- -------------------------------------------------------------------------------
1,363,122.72 6,833,873.01 759,766.60 0.00 263,537,214.33
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 953.597582 45.072173 4.476545 49.548718 0.000000 908.525409
A-I- 1000.000000 0.000000 5.891667 5.891667 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.158333 6.158333 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.375000 6.375000 0.000000 1000.000000
A-II 971.789210 20.591446 4.640226 25.231672 0.000000 951.197764
_______________________________________________________________________________
DETERMINATION DATE 20-June-97
DISTRIBUTION DATE 25-June-97
Run: 06/30/97 14:51:31 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-KS1 (POOL # 4241)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4241
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 110,635.82
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 179,412.85
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 144 14,704,355.89
(B) TWO MONTHLY PAYMENTS: 35 3,744,273.72
(C) THREE OR MORE MONTHLY PAYMENTS: 6 768,249.76
FORECLOSURES
NUMBER OF LOANS 14
AGGREGATE PRINCIPAL BALANCE 1,642,121.78
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 263,537,214.33
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,549
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 4,558,062.85
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.49951450 % 0.50048550 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.20227210 % 0.79772790 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 3,909,309.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,270,558.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.26169900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.77
POOL TRADING FACTOR: 96.32114987
................................................................................
