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)
December 25, 1997
RESIDENTIAL ASSET SECURITIES CORP
(Exact name of the registrant as specified in its charter)
33-56893
(Commission File Number)
Delaware 51-0362653
(State or other (I.R.S Employee
jurisdiction of Identification No.)
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the December 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
1995-K1 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
1997-KS4 GR1RASC
1997-KS4GR2 RASC
1997-KS4 GR1RASC
1997-KS4GR2 RASC
1997-KS4 GR1RASC
1997-KS4 GR2RASC
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: December 25, 1997
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-KS1 (POOL # 4173)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4173
______________________________________________________________________________
_
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
______________________________________________________________________________
_
A 76110WAB2 94,350,062.00 25,835,124.79 6.400000 % 648,105.21
R 0.00 1,887,001.24 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 27,722,126.03 648,105.21
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A 141,691.88 789,797.09 0.00 0.00 25,187,019.58
R 94,771.19 94,771.19 0.00 0.00 1,887,001.24
- -------------------------------------------------------------------------------
236,463.07 884,568.28 0.00 0.00 27,074,020.82
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A 273.822022 6.869155 1.501768 8.370923 0.000000 266.952867
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-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
10,451.23
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
556.50
SUBSERVICER ADVANCES THIS MONTH 49,709.97
MASTER SERVICER ADVANCES THIS MONTH 3,118.90
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 25 2,772,519.41
(B) TWO MONTHLY PAYMENTS: 12 1,173,598.83
(C) THREE OR MORE MONTHLY PAYMENTS: 1 54,289.82
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 1,305,682.16
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 27,074,020.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 266
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 4
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
351,292.77
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
633,688.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.19315830 % 6.80684170 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.03021430 % 6.96978570 %
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
10.97304785
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
325.10
POOL TRADING FACTOR: 28.69528673
................................................................................
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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 36,106,618.56 6.250000 % 1,386,839.41
R 0.00 3,058,384.08 0.000000 % 0.00
- -------------------------------------------------------------------------------
105,461,520.00 39,165,002.64 1,386,839.41
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A 193,192.98 1,580,032.39 0.00 0.00 34,719,779.15
R 87,079.64 87,079.64 0.00 0.00 3,058,384.08
- -------------------------------------------------------------------------------
280,272.62 1,667,112.03 0.00 0.00 37,778,163.23
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A 342.367705 13.150194 1.831881 14.982075 0.000000 329.217511
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
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Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-KS2 (POOL # 4179)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4179
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
14,958.02
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 79,577.10
MASTER SERVICER ADVANCES THIS MONTH 1,702.28
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 50 5,283,870.36
(B) TWO MONTHLY PAYMENTS: 6 592,631.20
(C) THREE OR MORE MONTHLY PAYMENTS: 8 596,928.03
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 2,284,841.01
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 37,778,163.24
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 355
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
174,568.86
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
1,267,055.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.19102800 % 7.80897200 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 91.90436000 % 8.09564000 %
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
10.60873321
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
328.17
POOL TRADING FACTOR: 35.82175100
................................................................................
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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 15,684,900.29 8.000000 % 2,537,434.14
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 20,323,582.23 8.000000 % 842,979.72
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 1,479,400.20 8.120000 % 2,726.20
B2-I 760,800.00 0.00 8.120000 % 0.00
B3-I 988,100.00 0.00 8.120000 % 0.00
B1-I 1,125,622.41 980,231.03 8.120000 % 937.97
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 1.974294 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 85,891,856.75 3,384,078.03
=====================================================================
==========
______________________________________________________________________________
_
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 104,369.78 2,641,803.92 0.00 0.00 13,147,466.15
A3-I 131,878.73 131,878.73 0.00 0.00 19,819,000.00
A4-I 109,673.80 109,673.80 0.00 0.00 16,482,000.00
A5-I 74,012.47 74,012.47 0.00 0.00 11,122,743.00
A-II 135,262.41 978,242.13 0.00 0.00 19,480,602.51
R 0.00 0.00 0.00 0.00 0.00
B1-I 9,991.82 12,718.02 0.00 0.00 1,360,241.16
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 6,621.73 7,559.70 0.00 0.00 942,995.36
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 141,054.79 141,054.79 0.00 0.00 0.00
- -------------------------------------------------------------------------------
712,865.53 4,096,943.56 0.00 0.00 82,355,048.18
=====================================================================
==========
______________________________________________________________________________
_
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 596.837911 96.553811 3.971453 100.525264 0.000000 500.284100
A3-I 1000.000000 0.000000 6.654157 6.654157 0.000000 1000.000000
A4-I 1000.000000 0.000000 6.654156 6.654156 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.654156 6.654156 0.000000 1000.000000
A-II 489.000869 20.282734 3.254517 23.537251 0.000000 468.718135
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 760.035515 1.400574 5.133255 6.533829 0.000000 698.818070
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 870.834679 0.833290 5.882728 6.716018 0.000000 837.754605
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 22-December-97
DISTRIBUTION DATE 26-December-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
25,119.32
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 138,856.36
MASTER SERVICER ADVANCES THIS MONTH 19,452.66
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 6,728,587.41
(B) TWO MONTHLY PAYMENTS: 11 3,080,709.36
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 19
AGGREGATE PRINCIPAL BALANCE 4,071,277.99
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 82,355,048.18
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 345
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
2,081,202.15
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
2,635,499.61
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.13636270 % 2.86363730 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.20328440 % 2.79671560 %
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
10.38337200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
229.05
POOL TRADING FACTOR: 52.45631272
................................................................................
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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 47,713,527.23 6.250000 % 1,565,817.83
R 4,664,765.74 6,219,687.28 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 53,933,214.51 1,565,817.83
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A 255,320.92 1,821,138.75 0.00 0.00 46,147,709.40
R 151,790.64 151,790.64 0.00 0.00 6,219,687.28
- -------------------------------------------------------------------------------
407,111.56 1,972,929.39 0.00 0.00 52,367,396.68
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A 481.970940 15.816871 2.579085 18.395956 0.000000 466.154069
R 1333.333253 0.000000 32.539821 32.539821 0.000000 1333.333253
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-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
19,627.68
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 104,529.17
MASTER SERVICER ADVANCES THIS MONTH 3,557.32
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 83 9,030,454.80
(B) TWO MONTHLY PAYMENTS: 9 1,076,721.76
(C) THREE OR MORE MONTHLY PAYMENTS: 2 264,416.53
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 1,663,864.87
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 52,367,396.68
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 536
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 4
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
388,464.38
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
1,459,413.65
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 88.46779790 % 11.53220210 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 88.12297790 % 11.87702210 %
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
10.49163992
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
315.54
POOL TRADING FACTOR: 50.51771347
................................................................................
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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 30,326,686.79 6.150000 % 1,589,935.94
R 0.00 2,853,261.78 0.000000 % 113,417.22
- -------------------------------------------------------------------------------
77,178,720.00 33,179,948.57 1,703,353.16
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A 159,016.32 1,748,952.26 0.00 0.00 28,736,750.85
R 121,251.80 234,669.02 0.00 0.00 2,739,844.56
- -------------------------------------------------------------------------------
280,268.12 1,983,621.28 0.00 0.00 31,476,595.41
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A 392.941044 20.600704 2.060365 22.661069 0.000000 372.340340
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:38:48 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-KS1 (POOL # 4202)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4202
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
13,276.55
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 92,091.00
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 5,653,879.18
(B) TWO MONTHLY PAYMENTS: 16 1,596,787.07
(C) THREE OR MORE MONTHLY PAYMENTS: 5 635,934.05
FORECLOSURES
NUMBER OF LOANS 17
AGGREGATE PRINCIPAL BALANCE 2,535,485.81
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 31,476,595.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 264
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
1,166,054.90
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
523,205.09
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 91.40064440 % 8.59935560 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 91.29561340 % 8.70438660 %
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
10.97322013
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
334.80
POOL TRADING FACTOR: 40.78403401
................................................................................
Run: 12/26/97 13:39:03 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS2 (POOL # 4209)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4209
______________________________________________________________________________
_
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
______________________________________________________________________________
_
A-1 76110WAN6 41,000,000.00 13,958,887.85 6.770000 % 1,820,984.21
A-2 76110WAP1 28,000,000.00 28,000,000.00 7.040000 % 0.00
A-3 76110WAQ9 12,000,000.00 12,000,000.00 7.410000 % 0.00
A-4 76110WAR7 14,086,733.00 14,086,733.00 7.980000 % 0.00
A-5 76110WAU0 352,608.35 320,065.34 0.000000 % 653.50
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 3,132,841.09 7.980000 % 2,600.10
B-2 904,165.00 881,112.36 7.980000 % 731.28
B-3 904,163.45 814,439.35 7.980000 % 675.94
SPRE 0.00 0.00 1.892055 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 73,194,078.99 1,825,645.03
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 78,744.44 1,899,728.65 0.00 0.00 12,137,903.64
A-2 164,252.18 164,252.18 0.00 0.00 28,000,000.00
A-3 74,093.46 74,093.46 0.00 0.00 12,000,000.00
A-4 93,668.51 93,668.51 0.00 0.00 14,086,733.00
A-5 0.00 653.50 0.00 0.00 319,411.84
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 20,831.55 23,431.65 0.00 0.00 3,130,240.99
B-2 5,858.88 6,590.16 0.00 0.00 880,381.08
B-3 5,415.54 6,091.48 0.00 0.00 813,763.41
SPRED 115,395.84 115,395.84 0.00 0.00 0.00
- -------------------------------------------------------------------------------
558,260.40 2,383,905.43 0.00 0.00 71,368,433.96
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-1 340.460679 44.414249 1.920596 46.334845 0.000000 296.046430
A-2 1000.000000 0.000000 5.866149 5.866149 0.000000 1000.000000
A-3 1000.000000 0.000000 6.174455 6.174455 0.000000 1000.000000
A-4 1000.000000 0.000000 6.649413 6.649413 0.000000 1000.000000
A-5 907.707773 1.853331 0.000000 1.853331 0.000000 905.854442
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-1 974.503933 0.808789 6.479878 7.288667 0.000000 973.695144
B-2 974.503946 0.808790 6.479879 7.288669 0.000000 973.695155
B-3 900.765619 0.747586 5.989559 6.737145 0.000000 900.018033
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:04 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
28,835.13
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 110,823.39
MASTER SERVICER ADVANCES THIS MONTH 4,209.44
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 76 8,436,230.80
(B) TWO MONTHLY PAYMENTS: 15 1,793,534.96
(C) THREE OR MORE MONTHLY PAYMENTS: 3 222,960.56
FORECLOSURES
NUMBER OF LOANS 25
AGGREGATE PRINCIPAL BALANCE 2,756,174.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 71,368,433.96
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 709
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 6
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
463,038.17
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
1,764,556.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.37432840 % 6.62567160 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.20977920 % 6.79022080 %
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
9.81754623
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
316.42
POOL TRADING FACTOR: 71.03975023
................................................................................
Run: 12/26/97 13:39:05 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 78,173,719.33 6.100000 % 3,707,427.15
R 0.00 3,593,275.20 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 81,766,994.53 3,707,427.15
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A 405,445.16 4,112,872.31 0.00 0.00 74,466,292.18
R 239,799.32 239,799.32 0.00 0.00 3,593,275.20
- -------------------------------------------------------------------------------
645,244.48 4,352,671.63 0.00 0.00 78,059,567.38
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A 543.889036 25.794205 2.820861 28.615066 0.000000 518.094830
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:05 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
32,383.97
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 161,460.70
MASTER SERVICER ADVANCES THIS MONTH 16,857.91
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 86 10,483,851.82
(B) TWO MONTHLY PAYMENTS: 19 1,735,122.59
(C) THREE OR MORE MONTHLY PAYMENTS: 8 683,277.94
FORECLOSURES
NUMBER OF LOANS 39
AGGREGATE PRINCIPAL BALANCE 5,819,615.89
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 78,059,567.38
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 616
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 10
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
1,974,897.08
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
3,666,745.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.60546990 % 4.39453010 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.39675240 % 4.60324760 %
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
10.43510240
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
338.59
POOL TRADING FACTOR: 54.30948302
................................................................................
Run: 12/26/97 13:40:51 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 8,563,701.78 5.812500 % 2,208,149.32
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 223,019,000.00 135,302,532.91 5.987500 % 6,676,526.74
R 1,035.81 6,999,328.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 212,263,563.25 8,884,676.06
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-I-1 42,445.38 2,250,594.70 0.00 0.00 6,355,552.46
A-I-2 212,064.51 212,064.51 0.00 0.00 35,203,000.00
A-I-3 46,870.90 46,870.90 0.00 0.00 7,449,000.00
A-I-4 76,111.36 76,111.36 0.00 0.00 11,675,000.00
A-I-5 46,972.34 46,972.34 0.00 0.00 7,071,000.00
A-II 684,367.46 7,360,894.20 0.00 0.00 128,626,006.17
R 588,015.58 588,015.58 0.00 0.00 6,999,328.56
- -------------------------------------------------------------------------------
1,696,847.53 10,581,523.59 0.00 0.00 203,378,887.19
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-I- 255.449880 65.867716 1.266119 67.133835 0.000000 189.582164
A-I- 1000.000000 0.000000 6.024047 6.024047 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.292241 6.292241 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.519174 6.519174 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.642956 6.642956 0.000000 1000.000000
A-II 606.686125 29.937031 3.068651 33.005682 0.000000 576.749094
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:51 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
85,866.08
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 369,706.75
MASTER SERVICER ADVANCES THIS MONTH 10,587.30
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 228 27,486,160.05
(B) TWO MONTHLY PAYMENTS: 28 3,263,139.59
(C) THREE OR MORE MONTHLY PAYMENTS: 15 1,884,386.40
FORECLOSURES
NUMBER OF LOANS 91
AGGREGATE PRINCIPAL BALANCE 10,408,002.37
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 203,378,887.19
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,806
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 10
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
1,167,681.92
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
8,769,191.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.70252940 % 3.29747060 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.55847830 % 3.44152170 %
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
10.43861300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
335.16
POOL TRADING FACTOR: 63.96728469
................................................................................
Run: 12/26/97 13:39:27 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 200,011,758.00 139,972,905.77 5.962500 % 10,780,860.99
R 0.40 5,000,293.96 0.000000 % 0.00
- -------------------------------------------------------------------------------
200,011,758.40 144,973,199.73 10,780,860.99
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A 700,037.77 11,480,898.76 0.00 0.00 129,192,044.78
R 455,775.19 455,775.19 0.00 0.00 5,000,293.96
- -------------------------------------------------------------------------------
1,155,812.96 11,936,673.95 0.00 0.00 134,192,338.74
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A 699.823386 53.901136 3.499983 57.401119 0.000000 645.922250
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:27 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
58,062.04
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 252,901.51
MASTER SERVICER ADVANCES THIS MONTH 1,881.50
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 141 19,269,759.66
(B) TWO MONTHLY PAYMENTS: 24 2,914,363.26
(C) THREE OR MORE MONTHLY PAYMENTS: 4 309,058.66
FORECLOSURES
NUMBER OF LOANS 50
AGGREGATE PRINCIPAL BALANCE 6,526,421.93
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 134,192,338.74
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,060
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 4
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
228,165.90
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
10,718,876.82
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.55088390 % 3.44911610 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.27378580 % 3.72621420 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 6,000,353.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,000,118.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE
10.62464735
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
345.95
POOL TRADING FACTOR: 67.09222488
................................................................................
Run: 12/26/97 13:40:52 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 35,676,378.29 5.827500 % 2,203,696.82
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 151,859,043.00 126,964,579.80 5.927500 % 5,347,887.89
R 1.60 5,617,748.95 0.000000 % 0.00
- -------------------------------------------------------------------------------
273,602,645.60 238,002,308.04 7,551,584.71
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-I-1 179,028.53 2,382,725.35 0.00 0.00 33,472,681.47
A-I-2 188,533.33 188,533.33 0.00 0.00 32,000,000.00
A-I-3 98,533.33 98,533.33 0.00 0.00 16,000,000.00
A-I-4 138,615.46 138,615.46 0.00 0.00 21,743,601.00
A-II 648,057.19 5,995,945.08 0.00 0.00 121,616,691.91
R 638,735.15 638,735.15 4,881.17 0.00 5,622,630.12
- -------------------------------------------------------------------------------
1,891,502.99 9,443,087.70 4,881.17 0.00 230,455,604.50
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-I- 686.084198 42.378785 3.442856 45.821641 0.000000 643.705413
A-I- 1000.000000 0.000000 5.891667 5.891667 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.158333 6.158333 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.375000 6.375000 0.000000 1000.000000
A-II 836.068615 35.216131 4.267492 39.483623 0.000000 800.852485
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:53 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
0.00
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 300,218.95
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 200 21,584,699.32
(B) TWO MONTHLY PAYMENTS: 41 4,672,148.82
(C) THREE OR MORE MONTHLY PAYMENTS: 11 1,098,066.84
FORECLOSURES
NUMBER OF LOANS 68
AGGREGATE PRINCIPAL BALANCE 7,407,083.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 0.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,245
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
14,052.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.63962420 % 2.36037580 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.56021120 % 2.43978880 %
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
0.00000000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 0.00
POOL TRADING FACTOR: 0.00000000
................................................................................
Run: 12/26/97 13:40:54 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 250,104,875.00 229,111,839.60 5.932500 % 4,170,605.12
A-II 76110WBL9 115,163,718.00 101,637,141.22 5.927500 % 4,770,128.00
SB-I 0.22 3,036,654.33 0.000000 % 0.00
SB-I 0.37 1,662,177.45 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
- -------------------------------------------------------------------------------
365,268,593.59 335,447,812.60 8,940,733.12
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-I 1,170,427.38 5,341,032.50 0.00 0.00 224,941,234.48
A-II 507,583.90 5,277,711.90 0.00 0.00 96,867,013.22
SB-I 0.00 0.00 587,582.85 0.00 3,624,237.18
SB-II 0.00 0.00 331,586.67 0.00 1,993,764.12
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
- -------------------------------------------------------------------------------
1,678,011.28 10,618,744.40 919,169.52 0.00 327,426,249.00
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-I 916.063070 16.675425 4.679746 21.355171 0.000000 899.387645
A-II 882.544807 41.420406 4.407498 45.827904 0.000000 841.124400
SB-I 0000.000000 0.000000 0.000000 0.000000 000.000000 0000.000000
SB-I 0000.000000 0.000000 0.000000 0.000000 000.000000 0000.000000
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:55 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
138,199.52
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
2,004.66
SUBSERVICER ADVANCES THIS MONTH 344,930.06
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 200 24,865,348.60
(B) TWO MONTHLY PAYMENTS: 41 4,664,819.12
(C) THREE OR MORE MONTHLY PAYMENTS: 13 1,524,014.42
FORECLOSURES
NUMBER OF LOANS 79
AGGREGATE PRINCIPAL BALANCE 10,339,559.41
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 327,426,249.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,602
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
7,863,907.23
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.59923610 % 1.40076390 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.28419340 % 1.71580660 %
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
10.09855200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
351.26
POOL TRADING FACTOR: 89.63985811
................................................................................
Run: 12/26/97 13:40:56 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 64,440,724.70 5.782500 % 2,752,745.42
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 159,111,000.00 149,789,927.77 5.917500 % 2,936,513.16
A-II 76110WBW5 60,012,000.00 57,048,311.86 5.897500 % 985,414.04
M-II 76110WBZ8 15,751,000.00 15,751,000.00 6.107500 % 0.00
M-II 76110WCA2 9,226,000.00 9,226,000.00 6.267500 % 0.00
B-II 76110WCC8 5,901,000.00 5,901,000.00 6.737500 % 0.00
SB-I 996.58 1,875,495.52 0.000000 % 0.00
SB-I 1,161.22 2,052,581.05 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
- -------------------------------------------------------------------------------
450,045,157.80 431,627,040.90 6,674,672.62
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-I-1 320,874.53 3,073,619.95 0.00 0.00 61,687,979.28
A-I-2 109,166.67 109,166.67 0.00 0.00 20,000,000.00
A-I-3 182,586.67 182,586.67 0.00 0.00 32,800,000.00
A-I-4 93,725.00 93,725.00 0.00 0.00 16,300,000.00
A-I-5 133,146.25 133,146.25 0.00 0.00 22,038,000.00
A-I-6 105,800.00 105,800.00 0.00 0.00 18,400,000.00
M-I-1 53,636.92 53,636.92 0.00 0.00 9,002,000.00
M-I-2 26,343.63 26,343.63 0.00 0.00 4,301,000.00
B-I 17,218.88 17,218.88 0.00 0.00 2,701,000.00
A-II-1 763,273.30 3,699,786.46 0.00 0.00 146,853,414.61
A-II-2 289,714.31 1,275,128.35 0.00 0.00 56,062,897.82
M-II-1 82,838.23 82,838.23 0.00 0.00 15,751,000.00
M-II-2 49,792.85 49,792.85 0.00 0.00 9,226,000.00
B-II 34,236.04 34,236.04 0.00 0.00 5,901,000.00
SB-I 463,347.71 463,347.71 124,934.45 0.00 2,000,429.97
SB-II 0.00 0.00 632,940.01 0.00 2,685,521.06
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
2,725,700.99 9,400,373.61 757,874.46 0.00 425,710,242.74
=====================================================================
==========
Run: 12/26/97 13:40:56
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- 864.976170 36.949603 4.307041 41.256644 0.000000 828.026568
A-I- 1000.000000 0.000000 5.458334 5.458334 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.566667 5.566667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
M-I- 1000.000000 0.000000 5.958334 5.958334 0.000000 1000.000000
M-I- 1000.000000 0.000000 6.125001 6.125001 0.000000 1000.000000
B-I 1000.000000 0.000000 6.375002 6.375002 0.000000 1000.000000
A-II 941.417801 18.455752 4.797112 23.252864 0.000000 922.962049
A-II 950.615075 16.420283 4.827606 21.247889 0.000000 934.194791
M-II 1000.000000 0.000000 5.259236 5.259236 0.000000 1000.000000
M-II 1000.000000 0.000000 5.397014 5.397014 0.000000 1000.000000
B-II 1000.000000 0.000000 5.801735 5.801735 0.000000 1000.000000
SB-I 0000.000000 0.000000 00000.000000 00000.000000 000.000000 0000.000000
SB-I 0000.000000 0.000000 0.000000 0.000000 000.000000 0000.000000
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:57 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
178,638.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
3,181.00
SUBSERVICER ADVANCES THIS MONTH 354,312.94
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 323 27,739,967.45
(B) TWO MONTHLY PAYMENTS: 64 5,295,110.16
(C) THREE OR MORE MONTHLY PAYMENTS: 35 2,964,715.47
FORECLOSURES
NUMBER OF LOANS 45
AGGREGATE PRINCIPAL BALANCE 4,396,813.94
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 425,710,242.74
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,278
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
5,667,045.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.22824530 % 0.00000000 % 11.77175470 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.88660790 % 0.00000000 % 12.11339210 %
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
10.29046000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
330.85
POOL TRADING FACTOR: 94.59278372
................................................................................
Run: 12/26/97 13:40:58 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 79,798,000.00 5.827500 % 1,927,756.13
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 200,060,000.00 200,060,000.00 5.907500 % 2,862,315.14
A-II 76110WCN4 200,020,000.00 200,020,000.00 5.882500 % 1,674,967.60
SB-I 76110WCP9 768.84 768.84 0.000000 % 0.00
SB-I 76110WCQ7 504.57 504.57 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
- -------------------------------------------------------------------------------
600,136,273.41 600,136,273.41 6,465,038.87
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-I-1 400,436.34 2,328,192.47 0.00 0.00 77,870,243.87
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 1,017,708.00 3,880,023.14 0.00 0.00 197,197,684.86
A-II-2 1,013,198.53 2,688,166.13 0.00 0.00 198,345,032.40
SB-I 0.00 0.00 562,910.73 0.00 563,679.57
SB-II 0.00 0.00 000.00 0.00 1,045,906.88
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
- -------------------------------------------------------------------------------
3,101,637.75 9,566,676.62 1,608,313.03 0.00 595,279,547.58
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-I- 1000.000000 24.157950 5.018125 29.176075 0.000000 975.842050
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 1000.000000 14.307284 5.087014 19.394298 0.000000 985.692717
A-II 1000.000000 8.374001 5.065486 13.439487 0.000000 991.625999
SB-I 1000.000000 0.000000 0.000000 0.000000 000.000000 0000.000000
SB-I 1000.000000 0.000000 0.000000 0.000000 000.000000 0000.000000
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:59 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
248,982.15
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
24,890.07
SUBSERVICER ADVANCES THIS MONTH 576,896.94
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 590 57,897,552.50
(B) TWO MONTHLY PAYMENTS: 95 10,979,255.22
(C) THREE OR MORE MONTHLY PAYMENTS: 5 448,709.48
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 454,546.30
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 595,279,547.58
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 5,812
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
4,532,198.79
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.99978780 % 0.00000000 %
CURRENT PREPAYMENT PERCENTAGE 0.00000000 % 100.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.72960830 % 0.27039170 %
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
10.11484200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
353.00
POOL TRADING FACTOR: 99.19072950
................................................................................
