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)
February 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 February 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: Treasurer
and Chief Financial Officer
Dated: February 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: Treasurer
and Chief Financial Officer
Dated: February 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 24,473,605.65 6.337500 % 827,558.58
R 0.00 1,948,408.87 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 26,422,014.52 827,558.58
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 129,226.10 956,784.68 0.00 0.00 23,646,047.07
R 0.00 0.00 0.00 0.00 1,943,777.39
- -------------------------------------------------------------------------------
129,226.10 956,784.68 0.00 0.00 25,589,824.46
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 259.391516 8.771150 1.369645 10.140795 0.000000 250.620366
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-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 9,936.39
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 246.42
SUBSERVICER ADVANCES THIS MONTH 53,770.67
MASTER SERVICER ADVANCES THIS MONTH 809.76
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,986,335.46
(B) TWO MONTHLY PAYMENTS: 4 284,454.91
(C) THREE OR MORE MONTHLY PAYMENTS: 6 663,848.28
FORECLOSURES
NUMBER OF LOANS 17
AGGREGATE PRINCIPAL BALANCE 1,900,884.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 25,589,824.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 250
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 80,396.52
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 334,840.49
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 212,824.31
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.62581260 % 7.37418740 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.40410030 % 7.59589970 %
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 10.98175876
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 323.01
POOL TRADING FACTOR: 27.12221266
................................................................................
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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 32,915,146.52 6.187500 % 2,268,624.03
R 0.00 3,102,145.65 0.000000 % 43,761.56
- -------------------------------------------------------------------------------
105,461,520.00 36,017,292.17 2,312,385.59
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 169,682.56 2,438,306.59 0.00 0.00 30,646,522.49
R 127,139.16 170,900.72 0.00 0.00 3,058,384.09
- -------------------------------------------------------------------------------
296,821.72 2,609,207.31 0.00 0.00 33,704,906.58
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 312.105747 21.511391 1.608952 23.120343 0.000000 290.594356
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-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 13,442.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 62,750.79
MASTER SERVICER ADVANCES THIS MONTH 1,702.36
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 3,467,182.98
(B) TWO MONTHLY PAYMENTS: 8 1,332,408.42
(C) THREE OR MORE MONTHLY PAYMENTS: 2 172,466.75
FORECLOSURES
NUMBER OF LOANS 20
AGGREGATE PRINCIPAL BALANCE 1,882,755.56
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 33,704,906.58
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 324
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 174,428.31
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 958,790.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 1,335,304.83
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 91.38706580 % 8.61293410 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 90.92599740 % 9.07400260 %
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 10.60907394
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 326.14
POOL TRADING FACTOR: 31.95943549
................................................................................
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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 11,269,413.88 8.000000 % 2,579,776.42
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 19,070,093.31 8.000000 % 996,097.53
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 1,241,820.18 8.120000 % 2,350.17
B2-I 760,800.00 0.00 8.120000 % 0.00
B3-I 988,100.00 0.00 8.120000 % 0.00
B1-I 1,125,622.41 941,995.19 8.120000 % 972.29
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 1.979409 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 79,947,065.56 3,579,196.41
===============================================================================
_______________________________________________________________________________
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 75,116.62 2,654,893.04 0.00 0.00 8,689,637.46
A3-I 132,104.15 132,104.15 0.00 0.00 19,819,000.00
A4-I 109,861.27 109,861.27 0.00 0.00 16,482,000.00
A5-I 74,138.98 74,138.98 0.00 0.00 11,122,743.00
A-II 127,121.08 1,123,218.61 0.00 0.00 18,073,995.78
R 0.00 0.00 0.00 0.00 0.00
B1-I 8,401.55 10,751.72 0.00 0.00 1,217,760.13
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 6,373.52 7,345.81 0.00 0.00 941,022.90
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 131,853.14 131,853.14 0.00 0.00 0.00
- -------------------------------------------------------------------------------
664,970.31 4,244,166.72 0.00 0.00 76,346,159.27
===============================================================================
_______________________________________________________________________________
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 428.820924 98.165008 2.858319 101.023327 0.000000 330.655916
A3-I 1000.000000 0.000000 6.665531 6.665531 0.000000 1000.000000
A4-I 1000.000000 0.000000 6.665530 6.665530 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.665530 6.665530 0.000000 1000.000000
A-II 458.840971 23.966865 3.058630 27.025495 0.000000 434.874105
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 637.979798 1.207390 4.316260 5.523650 0.000000 625.619050
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 836.866059 0.863780 5.662218 6.525998 0.000000 836.002280
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-February-98
DISTRIBUTION DATE 25-February-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 22,995.56
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 142,919.78
MASTER SERVICER ADVANCES THIS MONTH 21,755.80
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 8,067,041.36
(B) TWO MONTHLY PAYMENTS: 9 2,120,282.87
(C) THREE OR MORE MONTHLY PAYMENTS: 1 217,686.03
FORECLOSURES
NUMBER OF LOANS 18
AGGREGATE PRINCIPAL BALANCE 3,588,869.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 76,346,159.27
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 324
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 2,336,394.46
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,282,002.58
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.26842340 % 2.73157660 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.17237510 % 2.82762490 %
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 10.26004600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 228.47
POOL TRADING FACTOR: 48.62893161
................................................................................
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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 44,955,288.06 6.187500 % 709,025.49
R 4,664,765.74 6,219,687.28 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 51,174,975.34 709,025.49
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 231,782.88 940,808.37 0.00 0.00 44,246,262.57
R 183,925.97 183,925.97 0.00 0.00 6,219,687.28
- -------------------------------------------------------------------------------
415,708.85 1,124,734.34 0.00 0.00 50,465,949.85
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 454.109006 7.162113 2.341319 9.503432 0.000000 446.946893
R 1333.333253 0.000000 39.428769 39.428769 0.000000 1333.333253
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-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 18,903.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,665.91
SUBSERVICER ADVANCES THIS MONTH 84,541.45
MASTER SERVICER ADVANCES THIS MONTH 3,087.48
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 54 5,310,174.72
(B) TWO MONTHLY PAYMENTS: 13 1,356,153.60
(C) THREE OR MORE MONTHLY PAYMENTS: 4 894,644.90
FORECLOSURES
NUMBER OF LOANS 17
AGGREGATE PRINCIPAL BALANCE 2,028,483.39
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 50,465,949.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 515
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 329,128.78
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 671,150.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 87.84623300 % 12.15376700 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 87.67547760 % 12.32452240 %
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 10.49006520
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 313.89
POOL TRADING FACTOR: 48.68342816
................................................................................
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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 27,239,622.89 6.087500 % 1,425,360.51
R 0.00 2,739,844.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
77,178,720.00 29,979,467.45 1,425,360.51
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 136,545.31 1,561,905.82 0.00 0.00 25,814,262.38
R 115,471.44 115,471.44 0.00 0.00 2,739,844.56
- -------------------------------------------------------------------------------
252,016.75 1,677,377.26 0.00 0.00 28,554,106.94
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 352.942144 18.468310 1.769209 20.237519 0.000000 334.473834
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-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 11,979.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 73,388.77
MASTER SERVICER ADVANCES THIS MONTH 1,109.08
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 4,843,165.45
(B) TWO MONTHLY PAYMENTS: 9 1,226,152.32
(C) THREE OR MORE MONTHLY PAYMENTS: 3 146,332.57
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 2,163,116.19
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 28,554,106.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 242
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 118,340.76
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,057,950.65
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 353,317.35
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 90.86092990 % 9.13907020 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 90.40472680 % 9.59527320 %
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 10.94289856
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.60
POOL TRADING FACTOR: 36.99738340
................................................................................
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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 10,510,764.53 6.770000 % 1,118,758.24
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 352,608.35 318,522.33 0.000000 % 1,304.50
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 3,126,076.90 7.980000 % 2,675.98
B-2 904,165.00 879,209.93 7.980000 % 752.62
B-3 904,163.45 812,680.87 7.980000 % 695.68
SPRE 0.00 0.00 1.855284 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 69,733,987.56 1,124,187.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 59,294.69 1,178,052.93 0.00 0.00 9,392,006.29
A-2 164,256.88 164,256.88 0.00 0.00 28,000,000.00
A-3 74,095.58 74,095.58 0.00 0.00 12,000,000.00
A-4 93,671.18 93,671.18 0.00 0.00 14,086,733.00
A-5 0.00 1,304.50 0.00 0.00 317,217.83
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 20,787.17 23,463.15 0.00 0.00 3,123,400.92
B-2 5,846.40 6,599.02 0.00 0.00 878,457.31
B-3 5,404.01 6,099.69 0.00 0.00 811,985.19
SPRED 107,807.19 107,807.19 0.00 0.00 0.00
- -------------------------------------------------------------------------------
531,163.10 1,655,350.12 0.00 0.00 68,609,800.54
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 256.360110 27.286786 1.446212 28.732998 0.000000 229.073324
A-2 1000.000000 0.000000 5.866317 5.866317 0.000000 1000.000000
A-3 1000.000000 0.000000 6.174632 6.174632 0.000000 1000.000000
A-4 1000.000000 0.000000 6.649603 6.649603 0.000000 1000.000000
A-5 903.331784 3.699572 0.000000 3.699572 0.000000 899.632212
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-1 972.399859 0.832392 6.466073 7.298465 0.000000 971.567466
B-2 972.399872 0.832392 6.466076 7.298468 0.000000 971.567479
B-3 898.820750 0.769407 5.976807 6.746214 0.000000 898.051331
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:50:00 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 27,393.38
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,714.82
SUBSERVICER ADVANCES THIS MONTH 110,855.61
MASTER SERVICER ADVANCES THIS MONTH 9,701.67
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 73 7,812,652.07
(B) TWO MONTHLY PAYMENTS: 15 2,204,273.77
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 32
AGGREGATE PRINCIPAL BALANCE 3,375,211.13
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 68,609,800.54
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 683
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 8
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,021,517.03
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,064,149.42
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.05923010 % 6.94076990 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.95114750 % 7.04885250 %
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 9.82023769
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 314.89
POOL TRADING FACTOR: 68.29382155
................................................................................
Run: 02/25/98 11:50:03 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 71,237,229.74 6.037500 % 2,728,760.57
R 0.00 3,593,275.20 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 74,830,504.94 2,728,760.57
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 355,637.50 3,084,398.07 0.00 0.00 68,508,469.17
R 236,959.83 236,959.83 0.00 0.00 3,593,275.20
- -------------------------------------------------------------------------------
592,597.33 3,321,357.90 0.00 0.00 72,101,744.37
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 495.628819 18.985191 2.474327 21.459518 0.000000 476.643628
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:50:03 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 29,594.03
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 137,659.06
MASTER SERVICER ADVANCES THIS MONTH 18,656.79
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 70 7,993,415.97
(B) TWO MONTHLY PAYMENTS: 14 1,947,207.45
(C) THREE OR MORE MONTHLY PAYMENTS: 4 683,517.51
FORECLOSURES
NUMBER OF LOANS 40
AGGREGATE PRINCIPAL BALANCE 5,142,457.54
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 72,101,744.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 570
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 2,171,646.45
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,599,542.63
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.19811450 % 4.80188560 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.01638240 % 4.98361760 %
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 10.55756194
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.46
POOL TRADING FACTOR: 50.16436284
................................................................................
Run: 02/25/98 11:54:26 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 4,284,897.62 5.726560 % 2,687,055.04
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 223,019,000.00 119,298,298.48 5.901560 % 6,502,731.57
R 1,035.81 6,999,328.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 191,980,524.66 9,189,786.61
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 20,201.90 2,707,256.94 0.00 0.00 1,597,842.58
A-I-2 211,573.11 211,573.11 0.00 0.00 35,203,000.00
A-I-3 46,762.29 46,762.29 0.00 0.00 7,449,000.00
A-I-4 75,934.99 75,934.99 0.00 0.00 11,675,000.00
A-I-5 46,863.50 46,863.50 0.00 0.00 7,071,000.00
A-II 574,112.68 7,076,844.25 0.00 0.00 112,795,566.91
R 445,107.55 445,107.55 0.00 0.00 6,999,328.56
- -------------------------------------------------------------------------------
1,420,556.02 10,610,342.63 0.00 0.00 182,790,738.05
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 127.815822 80.153175 0.602610 80.755785 0.000000 47.662647
A-I- 1000.000000 0.000000 6.010087 6.010087 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.277660 6.277660 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.504068 6.504068 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.627563 6.627563 0.000000 1000.000000
A-II 534.924372 29.157747 2.574277 31.732024 0.000000 505.766625
R 000.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:54:27 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 77,331.04
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 339,982.72
MASTER SERVICER ADVANCES THIS MONTH 12,572.12
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 175 19,182,895.36
(B) TWO MONTHLY PAYMENTS: 47 5,632,647.45
(C) THREE OR MORE MONTHLY PAYMENTS: 8 971,781.27
FORECLOSURES
NUMBER OF LOANS 106
AGGREGATE PRINCIPAL BALANCE 13,395,952.13
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 182,790,738.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,649
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 14
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,389,904.04
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,758,883.38
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.35414660 % 3.64585340 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.17085160 % 3.82914840 %
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 10.45737500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.67
POOL TRADING FACTOR: 57.49184363
................................................................................
Run: 02/25/98 11:50:46 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 200,011,758.00 119,234,681.40 5.876560 % 7,999,840.76
R 0.40 5,000,293.96 0.000000 % 0.00
- -------------------------------------------------------------------------------
200,011,758.40 124,234,975.36 7,999,840.76
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 572,954.85 8,572,795.61 0.00 0.00 111,234,840.64
R 409,562.36 409,562.36 0.00 0.00 5,000,293.96
- -------------------------------------------------------------------------------
982,517.21 8,982,357.97 0.00 0.00 116,235,134.60
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 596.138360 39.996852 2.864606 42.861458 0.000000 556.141508
R 000.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:50:46 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 49,893.36
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 235,498.79
MASTER SERVICER ADVANCES THIS MONTH 4,945.10
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 116 15,337,279.32
(B) TWO MONTHLY PAYMENTS: 21 2,615,932.15
(C) THREE OR MORE MONTHLY PAYMENTS: 7 867,306.93
FORECLOSURES
NUMBER OF LOANS 59
AGGREGATE PRINCIPAL BALANCE 7,776,804.96
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 116,235,134.60
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 929
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 558,773.16
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,714,178.04
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.97513190 % 4.02486820 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.69812180 % 4.30187820 %
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 10.61559392
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.93
POOL TRADING FACTOR: 58.11415065
................................................................................
Run: 02/25/98 11:54:31 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-KS1 (POOL # 4241)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4241
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110WBD7 52,000,000.00 29,375,594.85 5.741560 % 3,013,946.24
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 151,859,043.00 116,277,735.82 5.841560 % 8,312,483.14
R 1.60 5,622,630.12 0.000000 % 0.00
- -------------------------------------------------------------------------------
273,602,645.60 221,019,561.79 11,326,429.38
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 140,551.45 3,154,497.69 0.00 0.00 26,361,648.61
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 566,036.14 8,878,519.28 0.00 0.00 107,965,252.68
R 571,620.86 571,620.86 0.00 0.00 5,622,630.12
- -------------------------------------------------------------------------------
1,703,890.57 13,030,319.95 0.00 0.00 209,693,132.41
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 564.915286 57.960505 2.702913 60.663418 0.000000 506.954781
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 765.695170 54.738150 3.727379 58.465529 0.000000 710.957020
R 000.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:54:32 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 89,674.09
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 325,849.04
MASTER SERVICER ADVANCES THIS MONTH 3,438.22
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 193 20,557,149.20
(B) TWO MONTHLY PAYMENTS: 52 5,527,243.19
(C) THREE OR MORE MONTHLY PAYMENTS: 12 963,254.92
FORECLOSURES
NUMBER OF LOANS 89
AGGREGATE PRINCIPAL BALANCE 10,162,413.85
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 209,693,132.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,090
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 387,710.82
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 10,954,749.52
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.45604870 % 2.54395140 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.31863890 % 2.68136110 %
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 10.60151500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 320.61
POOL TRADING FACTOR: 76.64148567
................................................................................
Run: 02/25/98 11:54:35 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 250,104,875.00 218,702,273.94 5.846560 % 7,923,872.31
A-II 76110WBL9 115,163,718.00 89,802,213.24 5.841560 % 4,907,134.47
SB-I 0.22 4,152,377.15 0.000000 % 0.00
SB-I 0.37 2,298,413.08 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
- -------------------------------------------------------------------------------
365,268,593.59 314,955,277.41 12,831,006.78
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 1,052,993.82 8,976,866.13 0.00 0.00 210,778,401.63
A-II 423,846.66 5,330,981.13 0.00 0.00 84,895,078.77
SB-I 0.00 0.00 629,010.69 0.00 4,781,387.84
SB-II 0.00 0.00 332,554.66 0.00 2,630,967.74
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
- -------------------------------------------------------------------------------
1,476,840.48 14,307,847.26 961,565.35 0.00 303,085,835.98
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 874.442267 31.682199 4.210209 35.892408 0.000000 842.760069
A-II 779.778691 42.610073 3.680384 46.290457 0.000000 737.168617
SB-I ****.****** 0.000000 0.000000 0.000000 ***.****** ****.******
SB-I ****.****** 0.000000 0.000000 0.000000 ***.****** ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:54:36 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 128,620.46
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 329,014.88
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 154 19,025,714.52
(B) TWO MONTHLY PAYMENTS: 44 6,044,404.49
(C) THREE OR MORE MONTHLY PAYMENTS: 13 1,480,909.00
FORECLOSURES
NUMBER OF LOANS 108
AGGREGATE PRINCIPAL BALANCE 13,214,969.92
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 303,085,835.98
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,424
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 11,155,436.65
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 565,730.66
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.95183930 % 2.04816070 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.55437080 % 2.44562920 %
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 10.15087700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.35
POOL TRADING FACTOR: 82.97615544
................................................................................
Run: 02/25/98 11:54:38 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 56,807,990.61 5.696560 % 3,853,705.01
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 159,111,000.00 142,469,478.15 5.831560 % 2,402,479.10
A-II 76110WBW5 60,012,000.00 54,497,488.41 5.811560 % 797,626.53
M-II 76110WBZ8 15,751,000.00 15,751,000.00 6.021560 % 0.00
M-II 76110WCA2 9,226,000.00 9,226,000.00 6.181560 % 0.00
B-II 76110WCC8 5,901,000.00 5,901,000.00 6.651560 % 0.00
SB-I 996.58 2,000,429.97 0.000000 % 9.97
SB-I 1,161.22 4,296,672.82 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
- -------------------------------------------------------------------------------
450,045,157.80 416,492,059.96 7,053,820.61
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 269,675.11 4,123,380.12 0.00 0.00 52,954,285.60
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-1 692,349.43 3,094,828.53 0.00 0.00 140,066,999.05
A-II-2 263,929.52 1,061,556.05 0.00 0.00 53,699,861.88
M-II-1 79,037.99 79,037.99 0.00 0.00 15,751,000.00
M-II-2 47,525.89 47,525.89 0.00 0.00 9,226,000.00
B-II 32,709.05 32,709.05 0.00 0.00 5,901,000.00
SB-I 564,450.50 564,460.47 0.00 0.00 2,000,420.00
SB-II 0.00 0.00 703,347.18 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
- -------------------------------------------------------------------------------
2,671,301.51 9,725,122.12 703,347.18 0.00 410,141,586.53
===============================================================================
Run: 02/25/98 11:54:38
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- 762.523364 51.727584 3.619800 55.347384 0.000000 710.795780
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 895.409357 15.099390 4.351361 19.450751 0.000000 880.309966
A-II 908.109852 13.291117 4.397946 17.689063 0.000000 894.818734
M-II 1000.000000 0.000000 5.017966 5.017966 0.000000 1000.000000
M-II 1000.000000 0.000000 5.151300 5.151300 0.000000 1000.000000
B-II 1000.000000 0.000000 5.542967 5.542967 0.000000 1000.000000
SB-I ****.****** 10.004214 *****.****** *****.****** 0.000000 ****.******
SB-I ****.****** 0.000000 0.000000 0.000000 ***.****** ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:54:40 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 172,248.82
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,880.63
SUBSERVICER ADVANCES THIS MONTH 414,644.78
MASTER SERVICER ADVANCES THIS MONTH 1,299.79
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 290 24,883,376.31
(B) TWO MONTHLY PAYMENTS: 90 8,219,659.78
(C) THREE OR MORE MONTHLY PAYMENTS: 46 3,375,733.69
FORECLOSURES
NUMBER OF LOANS 101
AGGREGATE PRINCIPAL BALANCE 9,723,245.77
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 410,141,586.53
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,127
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 121,527.33
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,993,343.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 107,553.46
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.23166470 % 0.00000000 % 12.76833530 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.86247830 % 0.00000000 % 13.13752170 %
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 10.29819100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.37
POOL TRADING FACTOR: 91.13342948
................................................................................
Run: 02/25/98 11:54:41 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 74,579,030.83 5.741560 % 2,480,767.56
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 200,060,000.00 195,669,607.20 5.821560 % 2,939,674.87
A-II 76110WCN4 200,020,000.00 195,189,162.58 5.796560 % 2,190,248.26
SB-I 76110WCP9 768.84 1,104,867.00 0.000000 % 0.00
SB-I 76110WCQ7 504.57 1,994,416.90 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
- -------------------------------------------------------------------------------
600,136,273.41 588,794,084.51 7,610,690.69
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 356,833.32 2,837,600.88 0.00 0.00 72,098,263.27
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-1 949,251.97 3,888,926.84 0.00 0.00 192,729,932.33
A-II-2 942,854.74 3,133,103.00 0.00 0.00 192,998,914.32
SB-I 0.00 0.00 568,702.14 0.00 1,673,569.14
SB-II 0.00 0.00 ***,***.** 0.00 3,129,181.27
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
- -------------------------------------------------------------------------------
2,919,234.91 10,529,925.60 1,703,466.54 0.00 582,886,860.33
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 934.597745 31.088092 4.471708 35.559800 0.000000 903.509653
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 978.054620 14.693966 4.744836 19.438802 0.000000 963.360654
A-II 975.848228 10.950146 4.713802 15.663948 0.000000 964.898082
SB-I ****.****** 0.000000 0.000000 0.000000 ***.****** ****.******
SB-I ****.****** 0.000000 0.000000 0.000000 ***.****** ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:54:41 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 244,200.73
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 22,623.69
SUBSERVICER ADVANCES THIS MONTH 507,033.47
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 401 36,838,851.39
(B) TWO MONTHLY PAYMENTS: 119 11,264,662.63
(C) THREE OR MORE MONTHLY PAYMENTS: 65 6,521,101.60
FORECLOSURES
NUMBER OF LOANS 39
AGGREGATE PRINCIPAL BALANCE 4,798,281.84
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 582,886,860.33
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 5,706
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 5,584,115.27
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.47362180 % 0.52637820 %
CURRENT PREPAYMENT PERCENTAGE 0.00000000 % 100.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.17604070 % 0.82395930 %
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 10.12909200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.90
POOL TRADING FACTOR: 97.12575063
................................................................................
