RESIDENTIAL ASSET SECURITIES CORP
8-K, 1997-12-03
ASSET-BACKED SECURITIES
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                       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)
                                 November 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 November 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
1997-KS2    RASC
1997-KS3    RASC
1995-K1     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: November 25, 1997





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Page:         1 of 2
               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    26,938,525.04     6.337500  %  1,103,400.25
R                           0.00     1,887,001.24     0.000000  %          0.00

- -------------------------------------------------------------------------------
                   94,350,062.00    28,825,526.28                  1,103,400.25
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A         136,934.92  1,240,335.17            0.00       0.00     25,835,124.79
R         107,153.49    107,153.49            0.00       0.00      1,887,001.24

- -------------------------------------------------------------------------------
          244,088.41  1,347,488.66            0.00       0.00     27,722,126.03
===============================================================================
_______________________________________________________________________________



AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A      285.516771  11.694749     1.451350    13.146099   0.000000    273.822022

_______________________________________________________________________________


DETERMINATION DATE       20-November-97 
DISTRIBUTION DATE        25-November-97 

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Page:      2 of 2
               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                       10,830.02
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                         0.00

SUBSERVICER ADVANCES THIS MONTH                                       55,317.53
MASTER SERVICER ADVANCES THIS MONTH                                    3,118.80


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                    27   3,614,880.60

 (B)  TWO MONTHLY PAYMENTS:                                    8     684,656.63

 (C)  THREE OR MORE MONTHLY PAYMENTS:                          4     504,808.80


FORECLOSURES
  NUMBER OF LOANS                                                            10
  AGGREGATE PRINCIPAL BALANCE                                      1,162,197.93

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                      27,722,126.03

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                          270

NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS                                       4

BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS                 351,476.08

REMAINING SUBCLASS INTEREST SHORTFALL                                      0.00

CLASS A SHORTFALL (PRINCIPAL)                                              0.00
CLASS A SHORTFALL (INTEREST)                                               0.00

TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION                      965,424.25

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                            0.00

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          93.45371450 %     6.54628550 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             93.19315830 %     6.80684170 %

      BANKRUPTCY AMOUNT AVAILABLE                         100,000.00
      FRAUD AMOUNT AVAILABLE                              330,005.00 
      SPECIAL HAZARD AMOUNT AVAILABLE                   1,238,927.00 

ENDING GROSS WEIGHTED AVERAGE INTEREST RATE                         10.97444197
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              326.07

POOL TRADING FACTOR:                                                29.38220224


 ................................................................................


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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    37,295,664.97     6.187500  %  1,189,046.41
R                           0.00     3,058,384.08     0.000000  %          0.00

- -------------------------------------------------------------------------------
                  105,461,520.00    40,354,049.05                  1,189,046.41
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A         185,312.62  1,374,359.03            0.00       0.00     36,106,618.56
R         144,899.20    144,899.20            0.00       0.00      3,058,384.08

- -------------------------------------------------------------------------------
          330,211.82  1,519,258.23            0.00       0.00     39,165,002.64
===============================================================================
_______________________________________________________________________________



AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A      353.642399  11.274694     1.757159    13.031853   0.000000    342.367705

_______________________________________________________________________________


DETERMINATION DATE       20-November-97 
DISTRIBUTION DATE        25-November-97 

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Page:      2 of 2
               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                       15,466.14
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                         0.00

SUBSERVICER ADVANCES THIS MONTH                                       72,412.59
MASTER SERVICER ADVANCES THIS MONTH                                    1,759.80


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                    38   4,023,813.07

 (B)  TWO MONTHLY PAYMENTS:                                    8   1,349,992.97

 (C)  THREE OR MORE MONTHLY PAYMENTS:                          9     592,341.05


FORECLOSURES
  NUMBER OF LOANS                                                            10
  AGGREGATE PRINCIPAL BALANCE                                      1,928,539.30

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                      39,165,002.65

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                          365

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                 193,242.79

REMAINING SUBCLASS INTEREST SHORTFALL                                      0.00

CLASS A SHORTFALL (PRINCIPAL)                                              0.00
CLASS A SHORTFALL (INTEREST)                                               0.00

TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION                    1,167,822.73

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                            0.00

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          92.42112210 %     7.57887780 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             92.19102800 %     7.80897200 %

      BANKRUPTCY AMOUNT AVAILABLE                         100,000.00
      FRAUD AMOUNT AVAILABLE                              403,772.00 
      SPECIAL HAZARD AMOUNT AVAILABLE                   1,478,333.00 

ENDING GROSS WEIGHTED AVERAGE INTEREST RATE                         10.60494502
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              329.19

POOL TRADING FACTOR:                                                37.13677036


 ................................................................................


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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             0.00     8.000000  %          0.00
A2-I  76110WAE6    26,280,000.00    20,677,106.61     8.000000  %  4,992,206.32
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    21,230,734.97     8.000000  %    907,152.74
R     76110WAK2           100.00             0.00     8.000000  %          0.00
B1-I                1,946,488.25     1,483,220.03     8.120000  %      3,819.83
B2-I                  760,800.00             0.00     8.120000  %          0.00
B3-I                  988,100.00             0.00     8.120000  %          0.00
B1-I                1,125,622.41       981,159.48     8.120000  %        928.45
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     1.976096  %          0.00

- -------------------------------------------------------------------------------
                  156,997,402.05    91,795,964.09                  5,904,107.34
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A1-I            0.00          0.00            0.00       0.00              0.00
A2-I      135,723.58  5,127,929.90            0.00       0.00     15,684,900.29
A3-I      130,091.01    130,091.01            0.00       0.00     19,819,000.00
A4-I      108,187.09    108,187.09            0.00       0.00     16,482,000.00
A5-I       73,009.17     73,009.17            0.00       0.00     11,122,743.00
A-II      141,315.57  1,048,468.31            0.00       0.00     20,323,582.23
R               0.00          0.00            0.00       0.00              0.00
B1-I        9,881.83     13,701.66            0.00       0.00      1,479,400.20
B2-I            0.00          0.00            0.00       0.00              0.00
B3-I            0.00          0.00            0.00       0.00              0.00
B1-II       6,628.74      7,557.19            0.00       0.00        980,231.03
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     149,346.37    149,346.37            0.00       0.00              0.00

- -------------------------------------------------------------------------------
          754,183.36  6,658,290.70            0.00       0.00     85,891,856.75
===============================================================================
_______________________________________________________________________________



AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A1-I     0.000000   0.000000     0.000000     0.000000   0.000000      0.000000
A2-I   786.800099 189.962189     5.164520   195.126709   0.000000    596.837911
A3-I  1000.000000   0.000000     6.563954     6.563954   0.000000   1000.000000
A4-I  1000.000000   0.000000     6.563954     6.563954   0.000000   1000.000000
A5-I  1000.000000   0.000000     6.563954     6.563954   0.000000   1000.000000
A-II   510.827655  21.826786     3.400160    25.226946   0.000000    489.000869
R        0.000000   0.000000     0.000000     0.000000   0.000000      0.000000
B1-I   761.997937   1.962421     5.076748     7.039169   0.000000    760.035513
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
B1-I   871.659511   0.824833     5.888955     6.713788   0.000000    870.834676
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-November-97 
DISTRIBUTION DATE        25-November-97 

Run:     11/25/97     11:26:55                                        rept2.frg
Page:      2 of 2
               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                       26,782.59
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                         0.00

SUBSERVICER ADVANCES THIS MONTH                                      130,585.17
MASTER SERVICER ADVANCES THIS MONTH                                   16,056.81


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                    29   6,127,488.32

 (B)  TWO MONTHLY PAYMENTS:                                    8   1,968,556.39

 (C)  THREE OR MORE MONTHLY PAYMENTS:                          2     449,527.20


FORECLOSURES
  NUMBER OF LOANS                                                            18
  AGGREGATE PRINCIPAL BALANCE                                      4,572,356.13

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                      85,891,856.75

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                          359

NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS                                       8

BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS               1,786,025.27

REMAINING SUBCLASS INTEREST SHORTFALL                                      0.00

CLASS A SHORTFALL (PRINCIPAL)                                              0.00
CLASS A SHORTFALL (INTEREST)                                               0.00

TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION                    5,703,884.24

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                            0.00

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          97.31537270 %     2.68462730 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             97.13636270 %     2.86363730 %

      BANKRUPTCY AMOUNT AVAILABLE                         100,000.00
      FRAUD AMOUNT AVAILABLE                              459,101.00 
      SPECIAL HAZARD AMOUNT AVAILABLE                   2,298,881.00 

ENDING GROSS WEIGHTED AVERAGE INTEREST RATE                         10.37455000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              252.84

POOL TRADING FACTOR:                                                54.70909431


 ................................................................................


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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    49,099,100.12     6.187500  %  1,385,572.89
R                   4,664,765.74     6,219,687.28     0.000000  %          0.00

- -------------------------------------------------------------------------------
                  103,661,454.74    55,318,787.40                  1,385,572.89
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A         243,978.81  1,629,551.70            0.00       0.00     47,713,527.23
R         190,500.45    190,500.45            0.00       0.00      6,219,687.28

- -------------------------------------------------------------------------------
          434,479.26  1,820,052.15            0.00       0.00     53,933,214.51
===============================================================================
_______________________________________________________________________________



AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A      495.967094  13.996154     2.464515    16.460669   0.000000    481.970940
R     1333.333253   0.000000    40.838160    40.838160   0.000000   1333.333253

_______________________________________________________________________________


DETERMINATION DATE       20-November-97 
DISTRIBUTION DATE        25-November-97 

Run:     11/25/97     11:25:17                                        rept2.frg
Page:      2 of 2
               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                       20,215.93
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                         0.00

SUBSERVICER ADVANCES THIS MONTH                                       84,567.73
MASTER SERVICER ADVANCES THIS MONTH                                    4,234.95


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                    69   7,085,818.55

 (B)  TWO MONTHLY PAYMENTS:                                    8   1,051,365.53

 (C)  THREE OR MORE MONTHLY PAYMENTS:                          3     403,759.29


FORECLOSURES
  NUMBER OF LOANS                                                            10
  AGGREGATE PRINCIPAL BALANCE                                      1,162,345.88

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                      53,933,214.51

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                          549

NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS                                       5

BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS                 456,363.34

REMAINING SUBCLASS INTEREST SHORTFALL                                      0.00

CLASS A SHORTFALL (PRINCIPAL)                                              0.00
CLASS A SHORTFALL (INTEREST)                                               0.00

TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION                    1,301,929.21

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                            0.00

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          88.75664570 %    11.24335430 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             88.46779790 %    11.53220210 %

      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                         10.50927862
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              317.05

POOL TRADING FACTOR:                                                52.02822461


 ................................................................................


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Page:         1 of 2
               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    31,825,011.26     6.087500  %  1,498,324.47
R                           0.00     2,739,844.56     0.000000  %          0.00

- -------------------------------------------------------------------------------
                   77,178,720.00    34,564,855.82                  1,498,324.47
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A         155,401.94  1,653,726.41            0.00       0.00     30,326,686.79
R          10,862.50     10,862.50      113,417.22       0.00      2,853,261.78

- -------------------------------------------------------------------------------
          166,264.44  1,664,588.91      113,417.22       0.00     33,179,948.57
===============================================================================
_______________________________________________________________________________



AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A      412.354743  19.413699     2.013534    21.427233   0.000000    392.941044

_______________________________________________________________________________


DETERMINATION DATE       20-November-97 
DISTRIBUTION DATE        25-November-97 

Run:     11/25/97     11:25:34                                        rept2.frg
Page:      2 of 2
               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                       14,095.30
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                         0.00

SUBSERVICER ADVANCES THIS MONTH                                       87,734.95
MASTER SERVICER ADVANCES THIS MONTH                                        0.00


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                    42   5,006,035.62

 (B)  TWO MONTHLY PAYMENTS:                                    9   1,165,532.69

 (C)  THREE OR MORE MONTHLY PAYMENTS:                          4     348,630.75


FORECLOSURES
  NUMBER OF LOANS                                                            19
  AGGREGATE PRINCIPAL BALANCE                                      3,250,309.32

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                      33,179,948.57

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                          276

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                    1,270,415.55

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                            0.00

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          92.07332280 %     7.92667720 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             91.40064440 %     8.59935560 %

      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                         10.99302514
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              335.78

POOL TRADING FACTOR:                                                42.99105838


 ................................................................................


Run:        11/25/97     11:25:43                                    REPT1B.FRG
Page:         1 of 2
               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    15,222,246.43     6.770000  %  1,263,358.58
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       320,741.19     0.000000  %        675.85
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     3,135,414.45     7.980000  %      2,573.36
B-2                   904,165.00       881,836.12     7.980000  %        723.76
B-3                   904,163.45       818,148.99     7.980000  %        671.48
SPRE                        0.00             0.00     1.904327  %          0.00

- -------------------------------------------------------------------------------
                  100,462,675.80    74,465,120.18                  1,268,003.03
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A-1        85,871.41  1,349,229.99            0.00       0.00     13,958,887.85
A-2       164,252.46    164,252.46            0.00       0.00     28,000,000.00
A-3        74,093.59     74,093.59            0.00       0.00     12,000,000.00
A-4        93,668.67     93,668.67            0.00       0.00     14,086,733.00
A-5             0.00        675.85            0.00       0.00        320,065.34
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        20,848.71     23,422.07            0.00       0.00      3,132,841.09
B-2         5,863.70      6,587.46            0.00       0.00        881,112.36
B-3         5,440.22      6,111.70            0.00       0.00        814,439.35
SPRED     118,161.38    118,161.38            0.00       0.00              0.00

- -------------------------------------------------------------------------------
          568,200.14  1,836,203.17            0.00       0.00     73,194,078.99
===============================================================================
_______________________________________________________________________________



AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A-1    371.274303  30.813624     2.094425    32.908049   0.000000    340.460679
A-2   1000.000000   0.000000     5.866159     5.866159   0.000000   1000.000000
A-3   1000.000000   0.000000     6.174466     6.174466   0.000000   1000.000000
A-4   1000.000000   0.000000     6.649425     6.649425   0.000000   1000.000000
A-5    909.624488   1.916716     0.000000     1.916716   0.000000    907.707773
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    975.304404   0.800471     6.485216     7.285687   0.000000    974.503933
B-2    975.304419   0.800473     6.485210     7.285683   0.000000    974.503946
B-3    904.868462   0.742653     6.016855     6.759508   0.000000    900.765619

_______________________________________________________________________________


DETERMINATION DATE       20-November-97 
DISTRIBUTION DATE        25-November-97 

Run:     11/25/97     11:25:43                                        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                       29,405.70
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                         0.00

SUBSERVICER ADVANCES THIS MONTH                                      106,339.22
MASTER SERVICER ADVANCES THIS MONTH                                    1,857.54


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                    70   7,823,773.29

 (B)  TWO MONTHLY PAYMENTS:                                   12   1,759,698.14

 (C)  THREE OR MORE MONTHLY PAYMENTS:                          2     213,685.25


FORECLOSURES
  NUMBER OF LOANS                                                            28
  AGGREGATE PRINCIPAL BALANCE                                      3,188,958.66

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                      73,194,078.99

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                          727

NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS                                       4

BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS                 206,259.90

REMAINING SUBCLASS INTEREST SHORTFALL                                      0.00

CLASS A SHORTFALL (PRINCIPAL)                                              0.00
CLASS A SHORTFALL (INTEREST)                                               0.00

TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION                    1,174,858.07

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                            0.00

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          93.47840040 %     6.52159960 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             93.37432840 %     6.62567160 %

      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                          9.82909672
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              317.94

POOL TRADING FACTOR:                                                72.85698734


 ................................................................................


Run:        11/25/97     11:25:44                                    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    83,633,410.20     6.037500  %  5,459,690.87
R                           0.00     3,593,275.20     0.000000  %          0.00

- -------------------------------------------------------------------------------
                  143,731,008.00    87,226,685.40                  5,459,690.87
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A         399,344.59  5,859,035.46            0.00       0.00     78,173,719.33
R         281,594.09    281,594.09            0.00       0.00      3,593,275.20

- -------------------------------------------------------------------------------
          680,938.68  6,140,629.55            0.00       0.00     81,766,994.53
===============================================================================
_______________________________________________________________________________



AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A      581.874512  37.985477     2.778416    40.763893   0.000000    543.889036

_______________________________________________________________________________


DETERMINATION DATE       20-November-97 
DISTRIBUTION DATE        25-November-97 

Run:     11/25/97     11:25:44                                        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                       34,733.90
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                         0.00

SUBSERVICER ADVANCES THIS MONTH                                      148,269.65
MASTER SERVICER ADVANCES THIS MONTH                                   10,658.01


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                    73   8,182,985.29

 (B)  TWO MONTHLY PAYMENTS:                                   16   2,016,103.48

 (C)  THREE OR MORE MONTHLY PAYMENTS:                         10   1,001,919.34


FORECLOSURES
  NUMBER OF LOANS                                                            39
  AGGREGATE PRINCIPAL BALANCE                                      6,078,160.42

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                      81,766,994.53

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                          643

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               1,262,817.76

REMAINING SUBCLASS INTEREST SHORTFALL                                      0.00

CLASS A SHORTFALL (PRINCIPAL)                                              0.00
CLASS A SHORTFALL (INTEREST)                                               0.00

TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION                    5,417,043.53

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                            0.00

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          95.88053220 %     4.11946780 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             95.60546990 %     4.39453010 %

      BANKRUPTCY AMOUNT AVAILABLE                         100,000.00
      FRAUD AMOUNT AVAILABLE                            1,045,090.00 
      SPECIAL HAZARD AMOUNT AVAILABLE                   1,088,173.00 

ENDING GROSS WEIGHTED AVERAGE INTEREST RATE                         10.35887074
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              339.62

POOL TRADING FACTOR:                                                56.88890356


 ................................................................................


Run:        11/25/97     11:27:10                                    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    10,599,988.47     5.781250  %  2,036,286.69
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   144,465,502.28     5.956250  %  9,162,969.37
R                       1,035.81     6,999,328.56     0.000000  %          0.00

- -------------------------------------------------------------------------------
                  317,942,035.81   223,462,819.31                 11,199,256.06
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A-I-1      48,746.67  2,085,033.36            0.00       0.00      8,563,701.78
A-I-2     211,467.46    211,467.46            0.00       0.00     35,203,000.00
A-I-3      46,738.94     46,738.94            0.00       0.00      7,449,000.00
A-I-4      75,897.07     75,897.07            0.00       0.00     11,675,000.00
A-I-5      46,840.10     46,840.10            0.00       0.00      7,071,000.00
A-II      677,522.72  9,840,492.09            0.00       0.00    135,302,532.91
R         591,970.83    591,970.83            0.00       0.00      6,999,328.56

- -------------------------------------------------------------------------------
        1,699,183.79 12,898,439.85            0.00       0.00    212,263,563.25
===============================================================================
_______________________________________________________________________________



AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A-I-   316.191041  60.741161     1.454083    62.195244   0.000000    255.449880
A-I-  1000.000000   0.000000     6.007086     6.007086   0.000000   1000.000000
A-I-  1000.000000   0.000000     6.274525     6.274525   0.000000   1000.000000
A-I-  1000.000000   0.000000     6.500820     6.500820   0.000000   1000.000000
A-I-  1000.000000   0.000000     6.624254     6.624254   0.000000   1000.000000
A-II   647.772173  41.086048     3.037960    44.124008   0.000000    606.686125

_______________________________________________________________________________


DETERMINATION DATE       20-November-97 
DISTRIBUTION DATE        25-November-97 

Run:     11/25/97     11:27:10                                        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                       90,014.62
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                         0.00

SUBSERVICER ADVANCES THIS MONTH                                      298,679.97
MASTER SERVICER ADVANCES THIS MONTH                                    9,791.73


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                   175  19,682,834.83

 (B)  TWO MONTHLY PAYMENTS:                                   34   3,914,423.10

 (C)  THREE OR MORE MONTHLY PAYMENTS:                         15   2,028,430.87


FORECLOSURES
  NUMBER OF LOANS                                                            83
  AGGREGATE PRINCIPAL BALANCE                                      9,030,869.01

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                     212,263,563.25

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                        1,877

NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS                                       9

BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS               1,078,663.79

REMAINING SUBCLASS INTEREST SHORTFALL                                      0.00

CLASS A SHORTFALL (PRINCIPAL)                                              0.00
CLASS A SHORTFALL (INTEREST)                                               0.00

TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION                   10,402,077.82

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                       87,465.25

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          96.86778830 %     3.13221170 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             96.70252940 %     3.29747060 %

      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                         10.44488400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              336.13

POOL TRADING FACTOR:                                                66.76171734

 ................................................................................


Run:        11/25/97     11:26:02                                    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   149,537,869.84     5.931250  %  9,564,964.07
R                           0.40     4,864,696.79     0.000000  %          0.00

- -------------------------------------------------------------------------------
                  200,011,758.40   154,402,566.63                  9,564,964.07
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A         704,373.33 10,269,337.40            0.00       0.00    139,972,905.77
R         385,512.67    385,512.67      135,597.17       0.00      5,000,293.96

- -------------------------------------------------------------------------------
        1,089,886.00 10,654,850.07      135,597.17       0.00    144,973,199.73
===============================================================================
_______________________________________________________________________________



AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A      747.645395  47.822009     3.521660    51.343669   0.000000    699.823386

_______________________________________________________________________________


DETERMINATION DATE       20-November-97 
DISTRIBUTION DATE        25-November-97 

Run:     11/25/97     11:26:02                                        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                       62,689.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                         0.00

SUBSERVICER ADVANCES THIS MONTH                                      210,857.13
MASTER SERVICER ADVANCES THIS MONTH                                      695.78


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                   112  15,542,425.95

 (B)  TWO MONTHLY PAYMENTS:                                   19   3,083,913.54

 (C)  THREE OR MORE MONTHLY PAYMENTS:                          8     754,957.57


FORECLOSURES
  NUMBER OF LOANS                                                            44
  AGGREGATE PRINCIPAL BALANCE                                      5,050,817.68

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                     144,973,199.73

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                        1,136

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                  91,194.12

REMAINING SUBCLASS INTEREST SHORTFALL                                      0.00

CLASS A SHORTFALL (PRINCIPAL)                                              0.00
CLASS A SHORTFALL (INTEREST)                                               0.00

TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION                    9,316,412.26

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                       44,815.11

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          96.84934200 %     3.15065800 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             96.55088390 %     3.44911610 %

      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                         10.58447131
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              346.95

POOL TRADING FACTOR:                                                72.48233848

 ................................................................................


Run:        11/25/97     11:27:12                                    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    37,436,930.23     5.796250  %  1,760,551.94
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   130,219,332.77     5.896250  %  3,254,752.97
R                           1.60     4,904,290.63     0.000000  %          0.00

- -------------------------------------------------------------------------------
                  273,602,645.60   242,304,154.63                  5,015,304.91
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A-I-1     174,800.57  1,935,352.51            0.00       0.00     35,676,378.29
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      618,510.18  3,873,263.15            0.00       0.00    126,964,579.80
R               0.00          0.00      713,458.32       0.00      5,617,748.95

- -------------------------------------------------------------------------------
        1,218,992.87  6,234,297.78      713,458.32       0.00    238,002,308.04
===============================================================================
_______________________________________________________________________________



AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A-I-   719.940966  33.856768     3.361549    37.218317   0.000000    686.084198
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   857.501339  21.432724     4.072923    25.505647   0.000000    836.068615

_______________________________________________________________________________


DETERMINATION DATE       20-November-97 
DISTRIBUTION DATE        25-November-97 

Run:     11/25/97     11:27:12                                        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                       99,831.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                     1,414.67

SUBSERVICER ADVANCES THIS MONTH                                      286,477.31
MASTER SERVICER ADVANCES THIS MONTH                                    3,437.93


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                   190  21,164,195.96

 (B)  TWO MONTHLY PAYMENTS:                                   41   5,267,063.73

 (C)  THREE OR MORE MONTHLY PAYMENTS:                         10     676,938.54


FORECLOSURES
  NUMBER OF LOANS                                                            57
  AGGREGATE PRINCIPAL BALANCE                                      6,038,302.03

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                     238,002,308.04

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                        2,310

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                 388,183.84

REMAINING SUBCLASS INTEREST SHORTFALL                                      0.00

CLASS A SHORTFALL (PRINCIPAL)                                              0.00
CLASS A SHORTFALL (INTEREST)                                               0.00

TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION                    3,948,481.14

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                      210,936.83

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          97.97597750 %     2.02402250 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             97.63962420 %     2.36037580 %

      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                         10.33120900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              324.74

POOL TRADING FACTOR:                                                86.98830653

 ................................................................................


Run:        11/25/97     11:27:13                                    REPT1B.FRG
Page:         1 of 2
               RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
               RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
        MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-KS2 (POOL # 4251)
STATEMENT TO CERTIFICATEHOLDERS

DISTRIBUTION SUMMARY FOR POOL#   4251 
_______________________________________________________________________________
                                       PRINCIPAL       CURRENT
                     ORIGINAL       BALANCE BEFORE   PASS-THROUGH    PRINCIPAL
CLASS   CUSIP       FACE VALUE       DISTRIBUTION       RATE       DISTRIBUTION
_______________________________________________________________________________
A-I   76110WBK1   250,104,875.00   236,713,096.35     5.901250  %  7,601,256.75
A-II  76110WBL9   115,163,718.00   105,314,660.49     5.896250  %  3,677,519.27
SB-I                        0.22     2,354,794.80     0.000000  %          0.00
SB-I                        0.37     1,298,078.07     0.000000  %          0.00
R-I                         0.00             0.00     0.000000  %          0.00
R-II                        0.00             0.00     0.000000  %          0.00
R-II                        0.00             0.00     0.000000  %          0.00

- -------------------------------------------------------------------------------
                  365,268,593.59   345,680,629.71                 11,278,776.02
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A-I     1,113,933.82  8,715,190.57            0.00       0.00    229,111,839.60
A-II      490,884.49  4,168,403.76            0.00       0.00    101,637,141.22
SB-I            0.00          0.00      681,859.53       0.00      3,036,654.33
SB-II           0.00          0.00      364,099.38       0.00      1,662,177.45
R-I             0.00          0.00            0.00       0.00              0.00
R-II            0.00          0.00            0.00       0.00              0.00
R-III           0.00          0.00            0.00       0.00              0.00

- -------------------------------------------------------------------------------
        1,604,818.31 12,883,594.33    1,045,958.91       0.00    335,447,812.60
===============================================================================
_______________________________________________________________________________



AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A-I    946.455347  30.392277     4.453867    34.846144   0.000000    916.063070
A-II   914.477774  31.932968     4.262493    36.195461   0.000000    882.544807

_______________________________________________________________________________


DETERMINATION DATE       20-November-97 
DISTRIBUTION DATE        25-November-97 

Run:     11/25/97     11:27:13                                        rept2.frg
Page:      2 of 2
               RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
               RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
           MORTGAGE PASS-THROUGH CERTIFICATES 1997-KS2 (POOL # 4251)
                    STATEMENT TO CERTIFICATEHOLDERS
              ADDITIONAL RELATED INFORMATION FOR POOL 4251 
_______________________________________________________________________________

SERVICING COMPENSATION RECEIVED BY SUB-SERVICER                      141,697.33
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                        19.16

SUBSERVICER ADVANCES THIS MONTH                                      281,429.30
MASTER SERVICER ADVANCES THIS MONTH                                        0.00


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                   164  20,850,234.10

 (B)  TWO MONTHLY PAYMENTS:                                   26   3,005,766.74

 (C)  THREE OR MORE MONTHLY PAYMENTS:                         16   2,037,630.60


FORECLOSURES
  NUMBER OF LOANS                                                            61
  AGGREGATE PRINCIPAL BALANCE                                      8,063,316.38

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                     335,447,812.60

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                        2,662

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                    9,953,948.13

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                      117,197.97

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          98.94328100 %     1.05671900 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             98.59923610 %     1.40076390 %

      BANKRUPTCY AMOUNT AVAILABLE                         100,000.00
      FRAUD AMOUNT AVAILABLE                            7,503,146.00 
      SPECIAL HAZARD AMOUNT AVAILABLE                   2,501,049.00 

ENDING GROSS WEIGHTED AVERAGE INTEREST RATE                         10.06871900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              352.21

POOL TRADING FACTOR:                                                91.83593073


 ................................................................................


Run:        11/25/97     11:27:14                                    REPT1B.FRG
Page:         1 of 3
               RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
               RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
        MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-KS3 (POOL # 4259)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL#   4259 
_______________________________________________________________________________
                                       PRINCIPAL       CURRENT
                     ORIGINAL       BALANCE BEFORE   PASS-THROUGH    PRINCIPAL
CLASS   CUSIP       FACE VALUE       DISTRIBUTION       RATE       DISTRIBUTION
_______________________________________________________________________________
A-I-  76110WBP0    74,500,000.00    68,535,446.21     5.751250  %  4,094,721.51
A-I-  76110WBQ8    20,000,000.00    20,000,000.00     6.550000  %          0.00
A-I-  76110WBR6    32,800,000.00    32,800,000.00     6.680000  %          0.00
A-I-  76110WBS4    16,300,000.00    16,300,000.00     6.900000  %          0.00
A-I-  76110WBT2    22,038,000.00    22,038,000.00     7.250000  %          0.00
A-I-  76110WBU9    18,400,000.00    18,400,000.00     6.900000  %          0.00
M-I-  76110WBX3     9,002,000.00     9,002,000.00     7.150000  %          0.00
M-I-  76110WBY1     4,301,000.00     4,301,000.00     7.350000  %          0.00
B-I   76110WCB0     2,701,000.00     2,701,000.00     7.650000  %          0.00
A-II  76110WBV7   159,111,000.00   153,046,405.16     5.886250  %  3,256,477.39
A-II  76110WBW5    60,012,000.00    58,780,467.95     5.866250  %  1,732,156.09
M-II  76110WBZ8    15,751,000.00    15,751,000.00     6.076250  %          0.00
M-II  76110WCA2     9,226,000.00     9,226,000.00     6.236250  %          0.00
B-II  76110WCC8     5,901,000.00     5,901,000.00     6.706250  %          0.00
SB-I                      996.58     1,248,900.00     0.000000  %          0.00
SB-I                    1,161.22     1,331,669.58     0.000000  %          0.00
R-I                         0.00             0.00     0.000000  %          0.00
R-II                        0.00             0.00     0.000000  %          0.00
R-II                        0.00             0.00     0.000000  %          0.00

- -------------------------------------------------------------------------------
                  450,045,157.80   439,362,888.90                  9,083,354.99
===============================================================================
_______________________________________________________________________________
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
_______________________________________________________________________________
A-I-1     317,521.39  4,412,242.90            0.00       0.00     64,440,724.70
A-I-2     109,166.67    109,166.67            0.00       0.00     20,000,000.00
A-I-3     182,586.67    182,586.67            0.00       0.00     32,800,000.00
A-I-4      93,725.00     93,725.00            0.00       0.00     16,300,000.00
A-I-5     133,146.25    133,146.25            0.00       0.00     22,038,000.00
A-I-6     105,800.00    105,800.00            0.00       0.00     18,400,000.00
M-I-1      53,636.92     53,636.92            0.00       0.00      9,002,000.00
M-I-2      26,343.63     26,343.63            0.00       0.00      4,301,000.00
B-I        17,218.88     17,218.88            0.00       0.00      2,701,000.00
A-II-1    725,700.35  3,982,177.74            0.00       0.00    149,789,927.77
A-II-2    277,772.41  2,009,928.50            0.00       0.00     57,048,311.86
M-II-1     77,097.32     77,097.32            0.00       0.00     15,751,000.00
M-II-2     46,348.16     46,348.16            0.00       0.00      9,226,000.00
B-II       31,878.72     31,878.72            0.00       0.00      5,901,000.00
SB-I            0.00          0.00      626,595.52       0.00      1,875,495.52
SB-II           0.00          0.00      720,911.47       0.00      2,052,581.05
R-I             0.00          0.00            0.00       0.00              0.00
R-II            0.00          0.00            0.00       0.00              0.00
R-III           0.00          0.00            0.00       0.00              0.00

- -------------------------------------------------------------------------------
        2,197,942.37 11,281,297.36    1,347,506.99       0.00    431,627,040.90
===============================================================================











































Run:        11/25/97     11:27:14
Page:         2 of 3



               RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
               RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
        MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-KS3 (POOL # 4259)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL#   4259 
_______________________________________________________________________________


AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED       BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST       FACTOR
_______________________________________________________________________________
A-I-   919.938875  54.962705     4.262032    59.224737   0.000000    864.976171
A-I-  1000.000000   0.000000     5.458334     5.458334   0.000000   1000.000000
A-I-  1000.000000   0.000000     5.566667     5.566667   0.000000   1000.000000
A-I-  1000.000000   0.000000     5.750000     5.750000   0.000000   1000.000000
A-I-  1000.000000   0.000000     6.041667     6.041667   0.000000   1000.000000
A-I-  1000.000000   0.000000     5.750000     5.750000   0.000000   1000.000000
M-I-  1000.000000   0.000000     5.958334     5.958334   0.000000   1000.000000
M-I-  1000.000000   0.000000     6.125001     6.125001   0.000000   1000.000000
B-I   1000.000000   0.000000     6.375002     6.375002   0.000000   1000.000000
A-II   961.884503  20.466702     4.560969    25.027671   0.000000    941.417801
A-II   979.478570  28.863495     4.628614    33.492109   0.000000    950.615075
M-II  1000.000000   0.000000     4.894757     4.894757   0.000000   1000.000000
M-II  1000.000000   0.000000     5.023646     5.023646   0.000000   1000.000000
B-II  1000.000000   0.000000     5.402257     5.402257   0.000000   1000.000000

_______________________________________________________________________________


DETERMINATION DATE       20-November-97 
DISTRIBUTION DATE        25-November-97 

Run:     11/25/97     11:27:15                                        rept2.frg
Page:      3 of 3
               RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
               RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
           MORTGAGE PASS-THROUGH CERTIFICATES 1997-KS3 (POOL # 4259)
                    STATEMENT TO CERTIFICATEHOLDERS
              ADDITIONAL RELATED INFORMATION FOR POOL 4259 
_______________________________________________________________________________

SERVICING COMPENSATION RECEIVED BY SUB-SERVICER                      181,483.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                         0.00

SUBSERVICER ADVANCES THIS MONTH                                      322,915.33
MASTER SERVICER ADVANCES THIS MONTH                                        0.00


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                   277  25,384,016.36

 (B)  TWO MONTHLY PAYMENTS:                                   56   5,026,253.04

 (C)  THREE OR MORE MONTHLY PAYMENTS:                         39   3,487,686.03


FORECLOSURES
  NUMBER OF LOANS                                                            29
  AGGREGATE PRINCIPAL BALANCE                                      2,588,170.41

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                     431,627,040.90

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                        4,341

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                    7,481,806.62

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                            0.00

DISTRIBUTION PERCENTAGES:
                                     SENIOR        CLASS M        CLASS B
CURRENT DISTRIBUTION          0.00000000 %     0.00000000 %   11.25779410 %
PREPAYMENT PERCENT          100.00000000 %     0.00000000 %    0.00000000 %
NEXT DISTRIBUTION            88.22824530 %     0.00000000 %   11.77175470 %

      BANKRUPTCY AMOUNT AVAILABLE                         100,000.00
      FRAUD AMOUNT AVAILABLE                           60,012,900.00 
      SPECIAL HAZARD AMOUNT AVAILABLE                  60,012,900.00 

ENDING GROSS WEIGHTED AVERAGE INTEREST RATE                         10.26125300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS                              332.36

POOL TRADING FACTOR:                                                95.90749582


 ................................................................................




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