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)
March 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
<PAGE>
See the respective monthly reports, each reflecting the required information for
the March 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
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: March 25, 1997
<PAGE>
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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 41,182,021.35 6.025000 % 2,329,453.77
R 0.00 1,887,001.24 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 43,069,022.59 2,329,453.77
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 187,794.71 2,517,248.48 0.00 0.00 38,852,567.58
R 173,958.69 173,958.69 0.00 0.00 1,887,001.24
- -------------------------------------------------------------------------------
361,753.40 2,691,207.17 0.00 0.00 40,739,568.82
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 436.481127 24.689478 1.990404 26.679882 0.000000 411.791649
_______________________________________________________________________________
DETERMINATION DATE 20-March-97
DISTRIBUTION DATE 25-March-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 16,351.60
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 71,712.09
MASTER SERVICER ADVANCES THIS MONTH 1,673.05
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,298,338.18
(B) TWO MONTHLY PAYMENTS: 9 982,246.06
(C) THREE OR MORE MONTHLY PAYMENTS: 5 704,992.99
FORECLOSURES
NUMBER OF LOANS 24
AGGREGATE PRINCIPAL BALANCE 2,796,752.42
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 40,739,568.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 394
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 161,455.30
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,309,191.90
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.61865790 % 4.38134220 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.36813640 % 4.63186360 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,830,502.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,238,927.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.99381564
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.55
POOL TRADING FACTOR: 43.17916486
................................................................................
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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 53,285,541.31 5.875000 % 2,241,885.10
R 0.00 3,058,384.08 0.000000 % 0.00
- -------------------------------------------------------------------------------
105,461,520.00 56,343,925.39 2,241,885.10
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 240,603.16 2,482,488.26 0.00 0.00 51,043,656.21
R 173,556.01 173,556.01 0.00 0.00 3,058,384.08
- -------------------------------------------------------------------------------
414,159.17 2,656,044.27 0.00 0.00 54,102,040.29
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 505.260509 21.257849 2.281431 23.539280 0.000000 484.002660
_______________________________________________________________________________
DETERMINATION DATE 20-March-97
DISTRIBUTION DATE 25-March-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 21,956.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 64,273.53
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 3,320,780.75
(B) TWO MONTHLY PAYMENTS: 12 1,497,231.01
(C) THREE OR MORE MONTHLY PAYMENTS: 1 57,760.00
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 2,362,656.38
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 54,102,040.30
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 499
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 2,182,227.07
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.57193640 % 5.42806360 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.34700790 % 5.65299210 %
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 10.40537592
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.26
POOL TRADING FACTOR: 51.30026581
................................................................................
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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 9,013,636.93 8.000000 % 1,163,691.17
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 26,381,224.21 8.000000 % 300,590.56
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 1,892,265.35 8.120000 % 3,442.04
B2-I 760,800.00 432,939.95 8.120000 % 787.52
B3-I 988,100.00 0.00 8.120000 % 0.00
B1-I 1,125,622.41 1,105,851.60 8.120000 % 1,014.28
B2-I 259,759.02 241,672.42 8.120000 % 221.66
B3-I 346,345.37 0.00 8.120000 % 0.00
SPRE 0.00 0.00 1.979836 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 112,771,333.46 1,469,747.23
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A1-I 60,086.87 1,223,778.04 0.00 0.00 7,849,945.76
A2-I 175,188.21 175,188.21 0.00 0.00 26,280,000.00
A3-I 132,117.78 132,117.78 0.00 0.00 19,819,000.00
A4-I 109,872.61 109,872.61 0.00 0.00 16,482,000.00
A5-I 74,146.63 74,146.63 0.00 0.00 11,122,743.00
A-II 175,854.96 476,445.52 0.00 0.00 26,080,633.65
R 0.00 0.00 0.00 0.00 0.00
B1-I 12,803.47 16,245.51 0.00 0.00 1,888,823.31
B2-I 2,929.36 3,716.88 0.00 0.00 323,981.24
B3-I 0.00 0.00 0.00 0.00 0.00
B1-II 7,482.08 8,496.36 0.00 0.00 1,104,837.32
B2-II 1,635.14 1,856.80 0.00 0.00 241,450.76
B3-II 0.00 0.00 0.00 0.00 0.00
SPRED 186,042.69 186,042.69 0.00 0.00 0.00
- -------------------------------------------------------------------------------
938,159.80 2,407,907.03 0.00 0.00 111,193,415.04
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A1-I 248.275360 32.053193 1.655058 33.708251 0.000000 216.222167
A2-I 1000.000000 0.000000 6.666218 6.666218 0.000000 1000.000000
A3-I 1000.000000 0.000000 6.666218 6.666218 0.000000 1000.000000
A4-I 1000.000000 0.000000 6.666218 6.666218 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.666218 6.666218 0.000000 1000.000000
A-II 634.752349 7.232438 4.231204 11.463642 0.000000 627.519911
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 972.143217 1.768333 6.577728 8.346061 0.000000 970.374884
B2-I 569.058820 1.035121 3.850368 4.885489 0.000000 425.842846
B3-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 982.435664 0.901084 6.647060 7.548144 0.000000 981.534581
B2-I 930.371619 0.853329 6.294834 7.148163 0.000000 929.518275
B3-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-March-97
DISTRIBUTION DATE 25-March-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 36,816.01
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 224,987.51
MASTER SERVICER ADVANCES THIS MONTH 20,982.90
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 11,422,224.77
(B) TWO MONTHLY PAYMENTS: 10 2,332,290.50
(C) THREE OR MORE MONTHLY PAYMENTS: 2 279,986.22
FORECLOSURES
NUMBER OF LOANS 32
AGGREGATE PRINCIPAL BALANCE 8,367,570.09
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 111,193,415.04
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 451
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 2,162,527.53
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,200,054.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.74320660 % 3.25679340 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.79918760 % 3.20081240 %
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 10.55154400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 258.52
POOL TRADING FACTOR: 70.82500321
................................................................................
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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 67,210,249.21 5.875000 % 1,676,940.15
R 4,664,765.74 6,219,687.28 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 73,429,936.49 1,676,940.15
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 307,089.86 1,984,030.01 0.00 0.00 65,533,309.06
R 280,736.62 280,736.62 0.00 0.00 6,219,687.28
- -------------------------------------------------------------------------------
587,826.48 2,264,766.63 0.00 0.00 71,752,996.34
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 678.914112 16.939356 3.102022 20.041378 0.000000 661.974756
R 1333.333253 0.000000 60.182362 60.182362 0.000000 1333.333253
_______________________________________________________________________________
DETERMINATION DATE 20-March-97
DISTRIBUTION DATE 25-March-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 27,114.10
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,841.71
SUBSERVICER ADVANCES THIS MONTH 94,295.73
MASTER SERVICER ADVANCES THIS MONTH 10,136.35
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 66 6,595,612.05
(B) TWO MONTHLY PAYMENTS: 6 755,417.54
(C) THREE OR MORE MONTHLY PAYMENTS: 5 618,899.35
FORECLOSURES
NUMBER OF LOANS 22
AGGREGATE PRINCIPAL BALANCE 2,793,277.62
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 71,752,996.34
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 709
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 1,086,387.01
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,193,187.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 126,383.03
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 91.52976620 % 8.47023380 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 91.33180830 % 8.66819170 %
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 10.55349662
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 327.33
POOL TRADING FACTOR: 69.21858903
................................................................................
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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 53,684,491.56 5.775000 % 2,454,094.27
R 0.00 2,186,623.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
77,178,720.00 55,871,115.04 2,454,094.27
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 239,837.28 2,693,931.55 0.00 0.00 51,230,397.29
R 0.00 0.00 225,156.06 0.00 2,411,779.54
- -------------------------------------------------------------------------------
239,837.28 2,693,931.55 225,156.06 0.00 53,642,176.83
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 695.586705 31.797551 3.107557 34.905108 0.000000 663.789155
_______________________________________________________________________________
DETERMINATION DATE 20-March-97
DISTRIBUTION DATE 25-March-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 22,810.98
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 101,514.49
MASTER SERVICER ADVANCES THIS MONTH 768.45
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 49 6,582,171.09
(B) TWO MONTHLY PAYMENTS: 7 787,485.04
(C) THREE OR MORE MONTHLY PAYMENTS: 7 1,685,134.01
FORECLOSURES
NUMBER OF LOANS 20
AGGREGATE PRINCIPAL BALANCE 2,507,231.47
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 53,642,176.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 417
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 87,260.18
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,204,065.92
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.08630780 % 3.91369220 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.50394920 % 4.49605080 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,315,362.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,398,653.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.83960653
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.84
POOL TRADING FACTOR: 69.50384359
................................................................................
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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 29,454,189.23 6.770000 % 1,142,130.53
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 352,608.35 339,147.29 0.000000 % 671.27
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 3,189,435.77 7.980000 % 2,340.85
B-2 904,165.00 897,029.63 7.980000 % 658.36
B-3 904,163.45 897,028.06 7.980000 % 658.37
SPRE 0.00 0.00 2.041630 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 88,863,562.98 1,146,459.38
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 166,149.61 1,308,280.14 0.00 0.00 28,312,058.70
A-2 164,245.80 164,245.80 0.00 0.00 28,000,000.00
A-3 74,090.59 74,090.59 0.00 0.00 12,000,000.00
A-4 93,664.87 93,664.87 0.00 0.00 14,086,733.00
A-5 0.00 671.27 0.00 0.00 338,476.02
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 21,207.06 23,547.91 0.00 0.00 3,187,094.92
B-2 5,964.49 6,622.85 0.00 0.00 896,371.27
B-3 5,964.48 6,622.85 0.00 0.00 896,369.69
SPRED 151,169.56 151,169.56 0.00 0.00 0.00
- -------------------------------------------------------------------------------
682,456.46 1,828,915.84 0.00 0.00 87,717,103.60
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 718.394859 27.856842 4.052430 31.909272 0.000000 690.538017
A-2 1000.000000 0.000000 5.865921 5.865921 0.000000 1000.000000
A-3 1000.000000 0.000000 6.174216 6.174216 0.000000 1000.000000
A-4 1000.000000 0.000000 6.649155 6.649155 0.000000 1000.000000
A-5 961.824330 1.903727 0.000000 1.903727 0.000000 959.920603
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-1 992.108317 0.728147 6.596684 7.324831 0.000000 991.380170
B-2 992.108332 0.728141 6.596683 7.324824 0.000000 991.380191
B-3 992.108296 0.728143 6.596683 7.324826 0.000000 991.380143
_______________________________________________________________________________
DETERMINATION DATE 20-March-97
DISTRIBUTION DATE 25-March-97
Run: 03/28/97 14:32:49 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 35,426.75
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,186.97
SUBSERVICER ADVANCES THIS MONTH 97,534.12
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 71 8,355,938.65
(B) TWO MONTHLY PAYMENTS: 14 1,510,470.63
(C) THREE OR MORE MONTHLY PAYMENTS: 2 259,143.90
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 1,518,715.97
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 87,717,103.60
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 859
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 1,080,908.18
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.37048700 % 5.62951300 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.30085360 % 5.69914640 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 3,013,880.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,298,610.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.88838869
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 328.09
POOL TRADING FACTOR: 87.31312689
................................................................................
Run: 03/28/97 14:32:51 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 143,731,008.00 119,769,000.00 5.725000 % 3,572,695.71
R 0.00 2,799,785.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 122,568,785.48 3,572,695.71
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 532,974.46 4,105,670.17 0.00 0.00 116,196,304.29
R 0.00 0.00 411,149.94 0.00 3,210,935.42
- -------------------------------------------------------------------------------
532,974.46 4,105,670.17 411,149.94 0.00 119,407,239.71
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 833.285744 24.856819 3.708138 28.564957 0.000000 808.428925
_______________________________________________________________________________
DETERMINATION DATE 20-March-97
DISTRIBUTION DATE 25-March-97
Run: 03/28/97 14:32:51 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 50,459.70
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 128,704.17
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 86 11,504,033.83
(B) TWO MONTHLY PAYMENTS: 11 1,238,301.89
(C) THREE OR MORE MONTHLY PAYMENTS: 6 589,206.41
FORECLOSURES
NUMBER OF LOANS 20
AGGREGATE PRINCIPAL BALANCE 2,257,155.98
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 119,407,239.71
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 923
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 3,034,393.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.71574350 % 2.28425650 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.31093740 % 2.68906260 %
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 10.07636800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.78
POOL TRADING FACTOR: 83.07688186
................................................................................
Run: 03/28/97 14:34:11 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 27,705,959.02 5.500000 % 1,444,681.03
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 223,019,000.00 202,371,669.14 5.675000 % 5,751,977.48
R 1,035.81 4,222,990.89 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 295,698,619.05 7,196,658.51
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 118,515.56 1,563,196.59 0.00 0.00 26,261,277.99
A-I-2 214,143.67 214,143.67 0.00 0.00 35,203,000.00
A-I-3 47,330.44 47,330.44 0.00 0.00 7,449,000.00
A-I-4 76,857.58 76,857.58 0.00 0.00 11,675,000.00
A-I-5 47,432.88 47,432.88 0.00 0.00 7,071,000.00
A-II 893,214.33 6,645,191.81 0.00 0.00 196,619,691.66
R 5,580.18 5,580.18 930,568.87 0.00 5,153,559.76
- -------------------------------------------------------------------------------
1,403,074.64 8,599,733.15 930,568.87 0.00 289,432,529.41
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 826.451468 43.093934 3.535245 46.629179 0.000000 783.357535
A-I- 1000.000000 0.000000 6.083109 6.083109 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.353932 6.353932 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.583090 6.583090 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.708087 6.708087 0.000000 1000.000000
A-II 907.418960 25.791424 4.005104 29.796528 0.000000 881.627537
_______________________________________________________________________________
DETERMINATION DATE 20-March-97
DISTRIBUTION DATE 25-March-97
Run: 03/28/97 14:34:11 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 121,675.48
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 263,075.87
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 202 23,400,030.92
(B) TWO MONTHLY PAYMENTS: 27 2,904,268.26
(C) THREE OR MORE MONTHLY PAYMENTS: 8 952,549.90
FORECLOSURES
NUMBER OF LOANS 36
AGGREGATE PRINCIPAL BALANCE 4,064,335.95
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 289,432,529.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,456
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 6,112,773.34
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.57185980 % 1.42814020 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.21942620 % 1.78057380 %
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 10.25303100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.16
POOL TRADING FACTOR: 91.03311195
................................................................................
Run: 03/28/97 14:33:20 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 200,011,758.00 193,897,079.93 5.919500 % 3,493,107.56
R 0.40 813,290.27 0.000000 % 0.00
- -------------------------------------------------------------------------------
200,011,758.40 194,710,370.20 3,493,107.56
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 892,712.93 4,385,820.49 0.00 0.00 190,403,972.37
R 0.00 0.00 573,359.08 0.00 1,386,649.35
- -------------------------------------------------------------------------------
892,712.93 4,385,820.49 573,359.08 0.00 191,790,621.72
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 969.428407 17.464511 4.463302 21.927813 0.000000 951.963896
_______________________________________________________________________________
DETERMINATION DATE 20-March-97
DISTRIBUTION DATE 25-March-97
Run: 03/28/97 14:33:21 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 80,479.45
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 880.38
SUBSERVICER ADVANCES THIS MONTH 108,168.65
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 82 10,321,167.38
(B) TWO MONTHLY PAYMENTS: 15 2,443,693.87
(C) THREE OR MORE MONTHLY PAYMENTS: 3 168,291.89
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 502,471.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 191,790,621.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,476
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 2,826,191.88
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.58230770 % 0.41769230 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.27699840 % 0.72300160 %
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 9.93018850
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.83
POOL TRADING FACTOR: 95.88967331
................................................................................
