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, 1998
RESIDENTIAL ASSET SECURITIES CORP
(Exact name of the registrant as specified in its charter)
33-56893;
Delaware 333-28791 51-0362653
(State or other (Commission File Number) (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 March 1998 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
<PAGE>
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
1997-KS4 GR1RASC 1997-KS4GR2 RASC 1997-KS4 GR1RASC 1997-KS4GR2 RASC 1997-KS4
GR1RASC 1997-KS4 GR2RASC 1997-KS4GRP2RASC ->
Item 7. Financial Statements and Exhibits
(a) See attached monthly reports
<PAGE>
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: Chief Financial Officer
Dated: March 25, 1998
<PAGE>
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:
Name: Davee Olson
Title: Chief Financial Officer
Dated: March 25, 1998
<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 23,646,047.07 6.337500 % 257,557.68
R 0.00 1,943,777.39 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 25,589,824.46 257,557.68
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 116,543.80 374,101.48 0.00 0.00 23,388,489.39
R 0.00 0.00 62,354.31 0.00 2,006,131.70
- -------------------------------------------------------------------------------
116,543.80 374,101.48 62,354.31 0.00 25,394,621.09
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 250.620366 2.729809 1.235228 3.965037 0.000000 247.890557
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
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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 9,834.73
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,170.57
SUBSERVICER ADVANCES THIS MONTH 52,832.81
MASTER SERVICER ADVANCES THIS MONTH 341.77
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 2,157,787.18
(B) TWO MONTHLY PAYMENTS: 11 1,160,137.12
(C) THREE OR MORE MONTHLY PAYMENTS: 2 281,869.63
FORECLOSURES
NUMBER OF LOANS 21
AGGREGATE PRINCIPAL BALANCE 2,247,440.55
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 25,394,621.09
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 247
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 33,902.58
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 134,820.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.40410030 % 7.59589970 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.10017080 % 7.89982920 %
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 10.94586557
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 321.99
POOL TRADING FACTOR: 26.91531998
................................................................................
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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 30,646,522.49 6.187500 % 1,309,888.48
R 0.00 3,058,384.09 0.000000 % 0.00
- -------------------------------------------------------------------------------
105,461,520.00 33,704,906.58 1,309,888.48
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 146,598.45 1,456,486.93 0.00 0.00 29,336,634.01
R 130,513.61 130,513.61 0.00 0.00 3,058,384.09
- -------------------------------------------------------------------------------
277,112.06 1,587,000.54 0.00 0.00 32,395,018.10
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 290.594356 12.420535 1.390066 13.810601 0.000000 278.173821
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
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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 12,991.13
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 61,812.28
MASTER SERVICER ADVANCES THIS MONTH 1,702.41
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 3,388,687.46
(B) TWO MONTHLY PAYMENTS: 8 1,436,685.47
(C) THREE OR MORE MONTHLY PAYMENTS: 2 80,885.98
FORECLOSURES
NUMBER OF LOANS 20
AGGREGATE PRINCIPAL BALANCE 1,680,654.40
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 32,395,018.10
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 313
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 174,356.98
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,292,194.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 90.92599740 % 9.07400260 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 90.55909130 % 9.44090870 %
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 10.63224073
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 325.15
POOL TRADING FACTOR: 30.71738201
................................................................................
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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 8,689,637.46 8.000000 % 480,613.85
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 18,073,995.78 8.000000 % 276,325.32
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 1,217,760.13 8.120000 % 2,414.23
B2-I 760,800.00 0.00 8.120000 % 0.00
B3-I 988,100.00 0.00 8.120000 % 0.00
B1-I 1,125,622.41 941,022.90 8.120000 % 1,022.25
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 1.988585 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 76,346,159.27 760,375.65
===============================================================================
_______________________________________________________________________________
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 57,924.53 538,538.38 0.00 0.00 8,209,023.61
A3-I 132,112.09 132,112.09 0.00 0.00 19,819,000.00
A4-I 109,867.88 109,867.88 0.00 0.00 16,482,000.00
A5-I 74,143.44 74,143.44 0.00 0.00 11,122,743.00
A-II 120,384.82 396,710.14 0.00 0.00 17,797,670.46
R 0.00 0.00 0.00 0.00 0.00
B1-I 8,239.27 10,653.50 0.00 0.00 1,107,771.31
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 6,361.86 7,384.11 0.00 0.00 940,000.65
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 126,478.01 126,478.01 0.00 0.00 0.00
- -------------------------------------------------------------------------------
635,511.90 1,395,887.55 0.00 0.00 75,478,209.03
===============================================================================
_______________________________________________________________________________
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 330.655916 18.288198 2.204130 20.492328 0.000000 312.367717
A3-I 1000.000000 0.000000 6.665931 6.665931 0.000000 1000.000000
A4-I 1000.000000 0.000000 6.665931 6.665931 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.665931 6.665931 0.000000 1000.000000
A-II 434.874105 6.648598 2.896550 9.545148 0.000000 428.225508
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 625.619050 1.240300 4.232890 5.473190 0.000000 569.112765
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 836.002279 0.908164 5.651860 6.560024 0.000000 835.094118
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-March-98
DISTRIBUTION DATE 25-March-98
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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 21,983.05
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,439.07
SUBSERVICER ADVANCES THIS MONTH 121,485.16
MASTER SERVICER ADVANCES THIS MONTH 19,337.48
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 5,939,554.94
(B) TWO MONTHLY PAYMENTS: 13 3,025,729.92
(C) THREE OR MORE MONTHLY PAYMENTS: 1 45,109.26
FORECLOSURES
NUMBER OF LOANS 14
AGGREGATE PRINCIPAL BALANCE 3,125,579.21
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 75,478,209.03
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 321
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 2,075,616.72
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 289,748.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.17237510 % 2.82762490 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.28693620 % 2.71306380 %
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 10.26320200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 227.24
POOL TRADING FACTOR: 48.07608791
................................................................................
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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 44,246,262.57 6.187500 % 2,045,442.68
R 4,664,765.74 6,219,687.28 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 50,465,949.85 2,045,442.68
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 211,086.97 2,256,529.65 0.00 0.00 42,200,819.89
R 182,956.18 182,956.18 0.00 0.00 6,219,687.28
- -------------------------------------------------------------------------------
394,043.15 2,439,485.83 0.00 0.00 48,420,507.17
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 446.946893 20.661728 2.132263 22.793991 0.000000 426.285165
R 1333.333253 0.000000 39.220872 39.220872 0.000000 1333.333253
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
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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 18,144.84
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 87,588.01
MASTER SERVICER ADVANCES THIS MONTH 3,087.57
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 58 6,332,262.95
(B) TWO MONTHLY PAYMENTS: 8 914,566.41
(C) THREE OR MORE MONTHLY PAYMENTS: 3 365,446.61
FORECLOSURES
NUMBER OF LOANS 23
AGGREGATE PRINCIPAL BALANCE 2,519,491.11
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 48,420,507.17
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 501
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 328,980.02
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,480,054.67
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 87.67547760 % 12.32452240 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 87.15484900 % 12.84515100 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 520,293.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,071,002.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.46441463
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 312.20
POOL TRADING FACTOR: 46.71023313
................................................................................
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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 25,814,262.38 6.087500 % 1,760,909.22
R 0.00 2,739,844.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
77,178,720.00 28,554,106.94 1,760,909.22
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 117,165.01 1,878,074.23 0.00 0.00 24,053,353.16
R 116,974.11 116,974.11 0.00 0.00 2,739,844.56
- -------------------------------------------------------------------------------
234,139.12 1,995,048.34 0.00 0.00 26,793,197.72
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 334.473834 22.815994 1.518100 24.334094 0.000000 311.657840
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
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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 11,266.36
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 74,133.27
MASTER SERVICER ADVANCES THIS MONTH 1,109.11
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 4,809,281.29
(B) TWO MONTHLY PAYMENTS: 5 957,708.40
(C) THREE OR MORE MONTHLY PAYMENTS: 3 185,534.29
FORECLOSURES
NUMBER OF LOANS 19
AGGREGATE PRINCIPAL BALANCE 2,561,700.39
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 26,793,197.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 230
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 118,288.83
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,747,469.16
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 90.40472680 % 9.59527320 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 89.77410390 % 10.22589610 %
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 10.92704088
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.51
POOL TRADING FACTOR: 34.71578399
................................................................................
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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 9,392,006.29 6.770000 % 1,861,293.09
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 352,608.35 317,217.83 0.000000 % 1,161.20
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 3,123,400.92 7.980000 % 2,619.68
B-2 904,165.00 878,457.31 7.980000 % 736.79
B-3 904,163.45 811,985.19 7.980000 % 681.02
SPRE 0.00 0.00 1.849979 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 68,609,800.54 1,866,491.78
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 52,976.96 1,914,270.05 0.00 0.00 7,530,713.20
A-2 164,236.88 164,236.88 0.00 0.00 28,000,000.00
A-3 74,086.56 74,086.56 0.00 0.00 12,000,000.00
A-4 93,659.78 93,659.78 0.00 0.00 14,086,733.00
A-5 0.00 1,161.20 0.00 0.00 316,056.63
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 20,766.85 23,386.53 0.00 0.00 3,120,781.24
B-2 5,840.68 6,577.47 0.00 0.00 877,720.52
B-3 5,398.72 6,079.74 0.00 0.00 800,444.21
SPRED 105,753.06 105,753.06 0.00 0.00 0.00
- -------------------------------------------------------------------------------
522,719.49 2,389,211.27 0.00 0.00 66,732,448.80
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 229.073324 45.397392 1.292121 46.689513 0.000000 183.675932
A-2 1000.000000 0.000000 5.865603 5.865603 0.000000 1000.000000
A-3 1000.000000 0.000000 6.173880 6.173880 0.000000 1000.000000
A-4 1000.000000 0.000000 6.648794 6.648794 0.000000 1000.000000
A-5 899.632212 3.293172 0.000000 3.293172 0.000000 896.339040
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-1 971.567466 0.814880 6.459752 7.274632 0.000000 970.752587
B-2 971.567479 0.814884 6.459750 7.274634 0.000000 970.752595
B-3 898.051331 0.753205 5.970956 6.724161 0.000000 885.287068
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:26:11 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 26,757.54
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 117,303.08
MASTER SERVICER ADVANCES THIS MONTH 8,706.35
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 77 8,189,741.20
(B) TWO MONTHLY PAYMENTS: 13 1,278,578.89
(C) THREE OR MORE MONTHLY PAYMENTS: 5 982,428.16
FORECLOSURES
NUMBER OF LOANS 35
AGGREGATE PRINCIPAL BALANCE 3,678,829.10
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 66,732,448.80
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 665
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 908,424.84
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,707,951.73
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.95114750 % 7.04885250 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.77445550 % 7.22554450 %
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 9.80718578
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 313.42
POOL TRADING FACTOR: 66.42511586
................................................................................
Run: 03/31/98 10:26:12 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 68,508,469.17 6.037500 % 5,576,970.40
R 0.00 3,593,275.20 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 72,101,744.37 5,576,970.40
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 312,863.94 5,889,834.34 0.00 0.00 62,931,498.77
R 226,256.61 226,256.61 0.00 0.00 3,593,275.20
- -------------------------------------------------------------------------------
539,120.55 6,116,090.95 0.00 0.00 66,524,773.97
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 476.643628 38.801442 2.176732 40.978174 0.000000 437.842186
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:26:12 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 27,888.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 143,727.14
MASTER SERVICER ADVANCES THIS MONTH 18,895.43
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 80 9,086,480.93
(B) TWO MONTHLY PAYMENTS: 15 2,083,955.33
(C) THREE OR MORE MONTHLY PAYMENTS: 4 591,419.17
FORECLOSURES
NUMBER OF LOANS 39
AGGREGATE PRINCIPAL BALANCE 4,711,440.66
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 66,524,773.97
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 536
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 13
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,198,793.70
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,208,228.60
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 224,652.18
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.01638240 % 4.98361760 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.59859090 % 5.40140910 %
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 10.59323489
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.51
POOL TRADING FACTOR: 46.28421862
................................................................................
Run: 03/31/98 10:28:33 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 1,597,842.58 5.750000 % 1,597,842.58
A-I- 76110WAX4 35,203,000.00 35,203,000.00 7.300000 % 51,007.36
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 223,019,000.00 112,795,566.91 5.925000 % 6,300,225.45
R 1,035.81 6,999,328.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 182,790,738.05 7,949,075.39
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 7,099.39 1,604,941.97 0.00 0.00 0.00
A-I-2 212,757.53 263,764.89 0.00 0.00 35,151,992.64
A-I-3 47,024.07 47,024.07 0.00 0.00 7,449,000.00
A-I-4 76,360.09 76,360.09 0.00 0.00 11,675,000.00
A-I-5 47,125.85 47,125.85 0.00 0.00 7,071,000.00
A-II 507,558.26 6,807,783.71 0.00 0.00 106,495,341.46
R 544,374.58 544,374.58 0.00 0.00 6,999,328.56
- -------------------------------------------------------------------------------
1,442,299.77 9,391,375.16 0.00 0.00 174,841,662.66
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 47.662647 47.662647 0.211770 47.874417 0.000000 0.000000
A-I- 1000.000000 1.448949 6.043733 7.492682 0.000000 998.551051
A-I- 1000.000000 0.000000 6.312803 6.312803 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.540479 6.540479 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.664666 6.664666 0.000000 1000.000000
A-II 505.766625 28.249725 2.275852 30.525577 0.000000 477.516900
R 0000.000000 0.000000 0.000000 0.000000 0.000000 000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:28:33 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 73,525.46
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 335,247.12
MASTER SERVICER ADVANCES THIS MONTH 14,973.24
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 168 19,245,835.96
(B) TWO MONTHLY PAYMENTS: 40 4,566,070.99
(C) THREE OR MORE MONTHLY PAYMENTS: 11 1,013,653.87
FORECLOSURES
NUMBER OF LOANS 109
AGGREGATE PRINCIPAL BALANCE 13,921,103.65
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 174,841,662.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,595
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 18
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,626,529.71
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,464,047.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.17085160 % 3.82914840 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.99676160 % 4.00323840 %
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 10.44300200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.61
POOL TRADING FACTOR: 54.99167866
................................................................................
Run: 03/31/98 10:26:35 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 200,011,758.00 111,234,840.64 5.900000 % 6,211,643.91
R 0.40 5,000,293.96 0.000000 % 0.00
- -------------------------------------------------------------------------------
200,011,758.40 116,235,134.60 6,211,643.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 500,145.55 6,711,789.46 0.00 0.00 105,023,196.73
R 320,218.79 320,218.79 0.00 0.00 5,000,293.96
- -------------------------------------------------------------------------------
820,364.34 7,032,008.25 0.00 0.00 110,023,490.69
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 556.141508 31.056394 2.500581 33.556975 0.000000 525.085114
R 000.000000 0.000000 0.000000 00.000000 0.000000 000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:26:35 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 46,760.01
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 242,766.72
MASTER SERVICER ADVANCES THIS MONTH 2,492.35
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 111 15,500,048.32
(B) TWO MONTHLY PAYMENTS: 29 3,606,637.93
(C) THREE OR MORE MONTHLY PAYMENTS: 8 763,904.17
FORECLOSURES
NUMBER OF LOANS 60
AGGREGATE PRINCIPAL BALANCE 7,760,474.38
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 110,023,490.69
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 885
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 295,329.49
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,896,960.79
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.69812180 % 4.30187820 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.45524880 % 4.54475120 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,681,033.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,340,517.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.62914524
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.93
POOL TRADING FACTOR: 55.00851128
................................................................................
Run: 03/31/98 10:28:34 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 26,361,648.61 5.765000 % 3,248,386.07
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 151,859,043.00 107,965,252.68 5.865000 % 6,209,302.84
R 1.60 5,622,630.12 0.000000 % 0.00
- -------------------------------------------------------------------------------
273,602,645.60 209,693,132.41 9,457,688.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 118,112.71 3,366,498.78 0.00 0.00 23,113,262.54
A-I-2 188,389.79 188,389.79 0.00 0.00 32,000,000.00
A-I-3 98,458.31 98,458.31 0.00 0.00 16,000,000.00
A-I-4 138,509.93 138,509.93 0.00 0.00 21,743,601.00
A-II 491,856.78 6,701,159.62 0.00 0.00 101,755,949.84
R 668,735.16 668,735.16 0.00 0.00 5,622,630.12
- -------------------------------------------------------------------------------
1,704,062.68 11,161,751.59 0.00 0.00 200,235,443.50
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 506.954781 62.468963 2.271398 64.740361 0.000000 444.485818
A-I- 1000.000000 0.000000 5.887181 5.887181 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.153644 6.153644 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.370147 6.370147 0.000000 1000.000000
A-II 710.957020 40.888595 3.238903 44.127498 0.000000 670.068426
R 000.000000 0.000000 0.000000 0.000000 0.000000 000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:28:35 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 84,843.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 353,661.41
MASTER SERVICER ADVANCES THIS MONTH 4,290.82
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 223 23,845,733.44
(B) TWO MONTHLY PAYMENTS: 41 4,634,493.59
(C) THREE OR MORE MONTHLY PAYMENTS: 14 1,030,487.06
FORECLOSURES
NUMBER OF LOANS 98
AGGREGATE PRINCIPAL BALANCE 11,022,272.97
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 200,235,443.50
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,011
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 487,741.73
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 9,233,656.82
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 102,741.24
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.31863890 % 2.68136110 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.19199060 % 2.80800940 %
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 10.61723400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 317.88
POOL TRADING FACTOR: 73.18476145
................................................................................
Run: 03/31/98 10:28:36 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 250,104,875.00 210,778,401.63 5.870000 % 7,312,783.69
A-II 76110WBL9 115,163,718.00 84,895,078.77 5.865000 % 5,672,444.12
SB-I 0.22 4,781,387.84 0.000000 % 0.00
SB-I 0.37 2,630,967.74 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
- -------------------------------------------------------------------------------
365,268,593.59 303,085,835.98 12,985,227.81
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 951,011.39 8,263,795.08 0.00 0.00 203,465,617.94
A-II 365,162.82 6,037,606.94 0.00 0.00 79,222,634.65
SB-I 0.00 0.00 681,985.16 0.00 5,463,373.00
SB-II 98,274.68 98,274.68 248,125.22 0.00 2,879,092.96
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
- -------------------------------------------------------------------------------
1,414,448.89 14,399,676.70 930,110.38 0.00 291,030,718.55
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 842.760069 29.238869 3.802450 33.041319 0.000000 813.521200
A-II 737.168617 49.255479 3.170815 52.426294 0.000000 687.913138
SB-I ****.****** 0.000000 0.000000 0.000000 ***.****** ****.******
SB-I ****.****** 0.000000 *****.****** *****.****** ***.****** ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:28:36 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 123,428.06
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 44.46
SUBSERVICER ADVANCES THIS MONTH 393,818.16
MASTER SERVICER ADVANCES THIS MONTH 2,635.48
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 199 27,426,533.59
(B) TWO MONTHLY PAYMENTS: 38 5,450,461.96
(C) THREE OR MORE MONTHLY PAYMENTS: 12 1,571,845.71
FORECLOSURES
NUMBER OF LOANS 107
AGGREGATE PRINCIPAL BALANCE 13,628,339.99
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 291,030,718.55
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,338
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 280,561.90
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 11,913,214.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.55437080 % 2.44562920 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.13347580 % 2.86652420 %
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 10.23130600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.38
POOL TRADING FACTOR: 79.67581217
................................................................................
Run: 03/31/98 10:28:38 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 52,954,285.60 5.720000 % 5,756,733.80
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 159,111,000.00 140,066,999.05 5.855000 % 3,731,074.31
A-II 76110WBW5 60,012,000.00 53,699,861.88 5.835000 % 1,910,895.92
M-II 76110WBZ8 15,751,000.00 15,751,000.00 6.045000 % 0.00
M-II 76110WCA2 9,226,000.00 9,226,000.00 6.205000 % 0.00
B-II 76110WCC8 5,901,000.00 5,901,000.00 6.675000 % 0.00
SB-I 996.58 2,000,420.00 0.000000 % 0.00
SB-I 1,161.22 5,000,020.00 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
- -------------------------------------------------------------------------------
450,045,157.80 410,141,586.53 11,398,704.03
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 233,244.73 5,989,978.53 0.00 0.00 47,197,551.80
A-I-2 108,080.97 108,080.97 0.00 0.00 20,000,000.00
A-I-3 180,770.79 180,770.79 0.00 0.00 32,800,000.00
A-I-4 92,792.87 92,792.87 0.00 0.00 16,300,000.00
A-I-5 131,822.07 131,822.07 0.00 0.00 22,038,000.00
A-I-6 104,747.78 104,747.78 0.00 0.00 18,400,000.00
M-I-1 53,103.48 53,103.48 0.00 0.00 9,002,000.00
M-I-2 26,081.63 26,081.63 0.00 0.00 4,301,000.00
B-I 17,047.63 17,047.63 0.00 0.00 2,701,000.00
A-II-1 637,849.55 4,368,923.86 0.00 0.00 136,335,924.74
A-II-2 243,707.87 2,154,603.79 0.00 0.00 51,788,965.96
M-II-1 74,055.95 74,055.95 0.00 0.00 15,751,000.00
M-II-2 44,525.70 44,525.70 0.00 0.00 9,226,000.00
B-II 30,636.03 30,636.03 0.00 0.00 5,901,000.00
SB-I 569,228.89 569,228.89 0.00 0.00 2,000,420.00
SB-II 765,458.70 765,458.70 0.00 0.00 5,000,020.00
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
- -------------------------------------------------------------------------------
3,313,154.64 14,711,858.67 0.00 0.00 398,742,882.50
===============================================================================
Run: 03/31/98 10:28:38
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- 710.795780 77.271595 3.130802 80.402397 0.000000 633.524185
A-I- 1000.000000 0.000000 5.404049 5.404049 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.511305 5.511305 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.692814 5.692814 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.981580 5.981580 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.692814 5.692814 0.000000 1000.000000
M-I- 1000.000000 0.000000 5.899076 5.899076 0.000000 1000.000000
M-I- 1000.000000 0.000000 6.064085 6.064085 0.000000 1000.000000
B-I 1000.000000 0.000000 6.311599 6.311599 0.000000 1000.000000
A-II 880.309966 23.449506 4.008834 27.458340 0.000000 856.860461
A-II 894.818734 31.841897 4.060986 35.902883 0.000000 862.976837
M-II 1000.000000 0.000000 4.701667 4.701667 0.000000 1000.000000
M-II 1000.000000 0.000000 4.826111 4.826111 0.000000 1000.000000
B-II 1000.000000 0.000000 5.191668 5.191668 0.000000 1000.000000
SB-I ****.****** 0.000000 *****.****** *****.****** 0.000000 ****.******
SB-I ****.****** 0.000000 *****.****** *****.****** 0.000000 ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:28:39 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 168,415.27
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 442,989.96
MASTER SERVICER ADVANCES THIS MONTH 1,541.58
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 277 25,897,763.81
(B) TWO MONTHLY PAYMENTS: 88 7,871,547.65
(C) THREE OR MORE MONTHLY PAYMENTS: 44 3,916,205.48
FORECLOSURES
NUMBER OF LOANS 129
AGGREGATE PRINCIPAL BALANCE 12,129,753.04
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 398,742,882.50
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,037
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 129,817.38
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 10,820,182.73
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 341,413.86
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.86247830 % 0.00000000 % 13.13752170 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.48692120 % 0.00000000 % 13.51307880 %
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 10.29143400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 328.79
POOL TRADING FACTOR: 88.60063831
................................................................................
Run: 03/31/98 10:28:41 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-KS4 (POOL # 4272)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4272
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110WCF1 79,798,000.00 72,098,263.27 5.765000 % 2,404,264.97
A-I- 76110WCG9 15,000,000.00 15,000,000.00 6.460000 % 0.00
A-I- 76110WCH7 32,000,000.00 32,000,000.00 6.560000 % 0.00
A-I- 76110WCJ3 30,000,000.00 30,000,000.00 6.720000 % 0.00
A-I- 76110WCK0 23,257,000.00 23,257,000.00 6.980000 % 0.00
A-I- 76110WCL8 20,000,000.00 20,000,000.00 6.680000 % 0.00
A-II 76110WCM6 200,060,000.00 192,729,932.33 5.845000 % 3,843,635.48
A-II 76110WCN4 200,020,000.00 192,998,914.32 5.820000 % 4,377,463.60
SB-I 76110WCQ7 768.84 1,673,569.14 0.000000 % 0.00
SB-I 76110WCP9 504.57 3,129,181.27 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
- -------------------------------------------------------------------------------
600,136,273.41 582,886,860.33 10,625,364.05
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 323,280.60 2,727,545.57 0.00 0.00 69,693,998.30
A-I-2 80,750.00 80,750.00 0.00 0.00 15,000,000.00
A-I-3 174,933.33 174,933.33 0.00 0.00 32,000,000.00
A-I-4 168,000.00 168,000.00 0.00 0.00 30,000,000.00
A-I-5 135,278.22 135,278.22 0.00 0.00 23,257,000.00
A-I-6 111,333.33 111,333.33 0.00 0.00 20,000,000.00
A-II-1 876,171.69 4,719,807.17 0.00 0.00 188,886,296.85
A-II-2 873,641.75 5,251,105.35 0.00 0.00 188,621,450.72
SB-I 257,184.11 257,184.11 326,988.55 0.00 2,000,557.69
SB-II 0.00 0.00 ***,***.** 0.00 4,385,645.59
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
- -------------------------------------------------------------------------------
3,000,573.03 13,625,937.08 1,583,452.85 0.00 573,844,949.15
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 903.509653 30.129389 4.051237 34.180626 0.000000 873.380264
A-I- 1000.000000 0.000000 5.383333 5.383333 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.466667 5.466667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.600000 5.600000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.816667 5.816667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.566667 5.566667 0.000000 1000.000000
A-II 963.360653 19.212414 4.379545 23.591959 0.000000 944.148240
A-II 964.898082 21.885129 4.367772 26.252901 0.000000 943.012952
SB-I ****.****** 0.000000 *****.****** *****.****** ***.****** ****.******
SB-I ****.****** 0.000000 0.000000 0.000000 ***.****** ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:28:43 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-KS4 (POOL # 4272)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4272
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 240,757.81
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 578,969.63
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 417 42,710,777.00
(B) TWO MONTHLY PAYMENTS: 109 10,482,549.57
(C) THREE OR MORE MONTHLY PAYMENTS: 66 6,229,045.10
FORECLOSURES
NUMBER OF LOANS 72
AGGREGATE PRINCIPAL BALANCE 8,651,849.69
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 573,844,949.15
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 5,623
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 8,585,812.79
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 135,544.90
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.17604070 % 0.82395930 %
CURRENT PREPAYMENT PERCENTAGE 0.00000000 % 100.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.88712040 % 1.11287960 %
BANKRUPTCY AMOUNT AVAILABLE 268,119.00
FRAUD AMOUNT AVAILABLE 18,004,088.00
SPECIAL HAZARD AMOUNT AVAILABLE 6,001,363.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.14794000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.54
POOL TRADING FACTOR: 95.61910762
................................................................................
