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)
January 25, 1998
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 January 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
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
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: January 25, 1998
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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 25,187,019.58 6.775000 %
713,413.93
R 0.00 1,887,001.24 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
94,350,062.00 27,074,020.82
713,413.93
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A 146,928.00 860,341.93 0.00 0.00
24,473,605.65
R 0.00 0.00 61,407.63 0.00
1,948,408.87
- -----------------------------------------------------------------
- --------------
146,928.00 860,341.93 61,407.63 0.00
26,422,014.52
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A 266.952867 7.561351 1.557265 9.118616 0.000000
259.391516
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-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
10,213.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
34.37
SUBSERVICER ADVANCES THIS MONTH
62,640.57
MASTER SERVICER ADVANCES THIS MONTH
3,119.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 25
3,227,387.38
(B) TWO MONTHLY PAYMENTS: 13
1,443,295.70
(C) THREE OR MORE MONTHLY PAYMENTS: 6
616,680.97
FORECLOSURES
NUMBER OF LOANS
14
AGGREGATE PRINCIPAL BALANCE
1,514,469.11
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
26,422,014.52
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
258
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
351,107.84
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
479,663.29
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.03021430 %
6.96978570 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.62581260 %
7.37418740 %
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
10.98230967
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
324.07
POOL TRADING FACTOR:
28.00423652
.................................................................
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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 34,719,779.15 6.625000 %
1,804,632.63
R 0.00 3,058,384.08 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
105,461,520.00 37,778,163.23
1,804,632.63
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A 196,912.31 2,001,544.94 0.00 0.00
32,915,146.52
R 21,054.08 21,054.08 43,761.57 0.00
3,102,145.65
- -----------------------------------------------------------------
- --------------
217,966.39 2,022,599.02 43,761.57 0.00
36,017,292.17
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A 329.217511 17.111764 1.867148 18.978912 0.000000
312.105747
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-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
14,432.08
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
68,283.75
MASTER SERVICER ADVANCES THIS MONTH
1,702.33
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 33
3,368,285.42
(B) TWO MONTHLY PAYMENTS: 8
657,743.34
(C) THREE OR MORE MONTHLY PAYMENTS: 6
504,063.67
FORECLOSURES
NUMBER OF LOANS
17
AGGREGATE PRINCIPAL BALANCE
3,100,389.49
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
36,017,292.18
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
336
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
174,498.93
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
1,620,862.53
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 91.90436000 %
8.09564000 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 91.38706580 %
8.61293410 %
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
10.60533721
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
327.18
POOL TRADING FACTOR:
34.15206991
.................................................................
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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 13,147,466.15 8.000000 %
1,877,515.25
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 19,480,602.51 8.000000 %
410,509.20
R 76110WAK2 100.00 0.00 8.000000 %
0.00
B1-I 1,946,488.25 1,360,241.16 8.120000 %
2,577.47
B2-I 760,800.00 0.00 8.120000 %
0.00
B3-I 988,100.00 0.00 8.120000 %
0.00
B1-I 1,125,622.41 942,995.36 8.120000 %
1,000.17
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 1.972109 %
0.00
- -----------------------------------------------------------------
- --------------
156,997,402.05 82,355,048.18
2,291,602.09
=================================================================
==============
_________________________________________________________________
______________
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 87,636.26 1,965,151.51 0.00 0.00
11,269,950.90
A3-I 132,106.30 132,106.30 0.00 0.00
19,819,000.00
A4-I 109,863.06 109,863.06 0.00 0.00
16,482,000.00
A5-I 74,140.19 74,140.19 0.00 0.00
11,122,743.00
A-II 129,823.78 540,332.98 0.00 0.00
19,070,093.31
R 0.00 0.00 0.00 0.00
0.00
B1-I 9,202.88 11,780.35 0.00 0.00
1,241,283.16
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 6,378.64 7,378.81 0.00 0.00
941,995.19
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 135,316.33 135,316.33 0.00 0.00
0.00
- -----------------------------------------------------------------
- --------------
684,467.44 2,976,069.53 0.00 0.00
79,947,065.56
=================================================================
==============
_________________________________________________________________
______________
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 500.284100 71.442742 3.334713 74.777455 0.000000
428.841359
A3-I 1000.000000 0.000000 6.665639 6.665639 0.000000
1000.000000
A4-I 1000.000000 0.000000 6.665639 6.665639 0.000000
1000.000000
A5-I 1000.000000 0.000000 6.665639 6.665639 0.000000
1000.000000
A-II 468.718135 9.877164 3.123659 13.000823 0.000000
458.840971
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
B1-I 698.818069 1.324164 4.727940 6.052104 0.000000
637.703904
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 837.754607 0.888548 5.666767 6.555315 0.000000
836.866057
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-January-98
DISTRIBUTION DATE 26-January-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
23,937.05
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
119,218.46
MASTER SERVICER ADVANCES THIS MONTH
23,501.27
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 30
7,211,860.64
(B) TWO MONTHLY PAYMENTS: 4
779,317.03
(C) THREE OR MORE MONTHLY PAYMENTS: 2
587,166.58
FORECLOSURES
NUMBER OF LOANS
17
AGGREGATE PRINCIPAL BALANCE
3,342,207.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
79,947,065.56
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
336
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS
9
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
2,523,471.22
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
2,010,297.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.20328440 %
2.79671570 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.26909510 %
2.73090490 %
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
10.25314100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
227.39
POOL TRADING FACTOR:
50.92254045
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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 46,147,709.40 6.625000 %
1,192,421.34
R 4,664,765.74 6,219,687.28 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
103,661,454.74 52,367,396.68
1,192,421.34
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A 263,158.89 1,455,580.23 0.00 0.00
44,955,288.06
R 87,421.06 87,421.06 0.00 0.00
6,219,687.28
- -----------------------------------------------------------------
- --------------
350,579.95 1,543,001.29 0.00 0.00
51,174,975.34
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A 466.154069 12.045063 2.658259 14.703322 0.000000
454.109006
R 1333.333253 0.000000 18.740718 18.740718 0.000000
1333.333253
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-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
19,156.33
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
665.70
SUBSERVICER ADVANCES THIS MONTH
82,295.47
MASTER SERVICER ADVANCES THIS MONTH
3,087.37
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 56
5,501,876.03
(B) TWO MONTHLY PAYMENTS: 14
2,046,038.00
(C) THREE OR MORE MONTHLY PAYMENTS: 2
342,040.18
FORECLOSURES
NUMBER OF LOANS
14
AGGREGATE PRINCIPAL BALANCE
1,593,781.61
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
51,174,975.34
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
523
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
329,276.15
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
966,561.90
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 88.12297790 %
11.87702210 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 87.84623300 %
12.15376700 %
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
10.48845046
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
314.92
POOL TRADING FACTOR:
49.36740997
.................................................................
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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 28,736,750.85 6.525000 %
1,497,127.96
R 0.00 2,739,844.56 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
77,178,720.00 31,476,595.41
1,497,127.96
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A 159,915.83 1,657,043.79 0.00 0.00
27,239,622.89
R 105,001.64 105,001.64 0.00 0.00
2,739,844.56
- -----------------------------------------------------------------
- --------------
264,917.47 1,762,045.43 0.00 0.00
29,979,467.45
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A 372.340340 19.398196 2.072020 21.470216 0.000000
352.942144
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-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
12,763.56
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
82,011.25
MASTER SERVICER ADVANCES THIS MONTH
1,109.04
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 41
5,404,618.72
(B) TWO MONTHLY PAYMENTS: 8
706,368.86
(C) THREE OR MORE MONTHLY PAYMENTS: 2
228,314.17
FORECLOSURES
NUMBER OF LOANS
18
AGGREGATE PRINCIPAL BALANCE
2,811,454.10
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
29,979,467.45
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
252
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
118,392.20
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
1,482,409.92
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 91.29561340 %
8.70438660 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 90.86092990 %
9.13907010 %
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
10.95763081
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
333.66
POOL TRADING FACTOR:
38.84421438
.................................................................
...............
Run: 01/26/98 10:45:30
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 12,137,903.64 6.770000 %
1,627,139.11
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 352,608.35 319,411.84 0.000000 %
889.51
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 3,130,240.99 7.980000 %
4,164.09
B-2 904,165.00 880,381.08 7.980000 %
1,171.15
B-3 904,163.45 813,763.41 7.980000 %
1,082.54
SPRE 0.00 0.00 1.868169 %
0.00
- -----------------------------------------------------------------
- --------------
100,462,675.80 71,368,433.96
1,634,446.40
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 68,470.57 1,695,609.68 0.00 0.00
10,510,764.53
A-2 164,248.83 164,248.83 0.00 0.00
28,000,000.00
A-3 74,091.95 74,091.95 0.00 0.00
12,000,000.00
A-4 93,666.60 93,666.60 0.00 0.00
14,086,733.00
A-5 0.00 889.51 0.00 0.00
318,522.33
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 20,813.84 24,977.93 0.00 0.00
3,126,076.90
B-2 5,853.89 7,025.04 0.00 0.00
879,209.93
B-3 5,410.94 6,493.48 0.00 0.00
812,680.87
SPRED 111,094.84 111,094.84 0.00 0.00
0.00
- -----------------------------------------------------------------
- --------------
543,651.46 2,178,097.86 0.00 0.00
69,733,987.56
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-1 296.046430 39.686320 1.670014 41.356334 0.000000
256.360111
A-2 1000.000000 0.000000 5.866030 5.866030 0.000000
1000.000000
A-3 1000.000000 0.000000 6.174329 6.174329 0.000000
1000.000000
A-4 1000.000000 0.000000 6.649278 6.649278 0.000000
1000.000000
A-5 905.854442 2.522657 0.000000 2.522657 0.000000
903.331784
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-1 973.695144 1.295285 6.474369 7.769654 0.000000
972.399859
B-2 973.695155 1.295283 6.474360 7.769643 0.000000
972.399872
B-3 900.018033 1.197272 5.984471 7.181743 0.000000
898.820750
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:45:30
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
28,087.85
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
105,619.04
MASTER SERVICER ADVANCES THIS MONTH
3,842.52
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 72
7,296,839.10
(B) TWO MONTHLY PAYMENTS: 12
1,663,997.45
(C) THREE OR MORE MONTHLY PAYMENTS: 1
102,995.07
FORECLOSURES
NUMBER OF LOANS
30
AGGREGATE PRINCIPAL BALANCE
3,519,131.41
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
69,733,987.56
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
692
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS
5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
428,043.08
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
1,539,306.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.20977920 %
6.79022080 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.05923010 %
6.94076990 %
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
9.81730314
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
315.33
POOL TRADING FACTOR:
69.41283119
.................................................................
...............
Run: 01/26/98 10:45:31
REPT1B.FRG
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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 74,466,292.18 6.475000 %
3,229,062.44
R 0.00 3,593,275.20 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
143,731,008.00 78,059,567.38
3,229,062.44
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A 413,407.07 3,642,469.51 0.00 0.00
71,237,229.74
R 91,249.57 91,249.57 0.00 0.00
3,593,275.20
- -----------------------------------------------------------------
- --------------
504,656.64 3,733,719.08 0.00 0.00
74,830,504.94
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A 518.094830 22.466011 2.876255 25.342266 0.000000
495.628819
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:45:31
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
30,990.75
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
139,963.75
MASTER SERVICER ADVANCES THIS MONTH
14,317.34
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 65
8,615,391.01
(B) TWO MONTHLY PAYMENTS: 10
1,192,070.44
(C) THREE OR MORE MONTHLY PAYMENTS: 4
263,892.45
FORECLOSURES
NUMBER OF LOANS
44
AGGREGATE PRINCIPAL BALANCE
6,010,764.77
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
74,830,504.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
590
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
1,759,543.66
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
2,625,554.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
166,253.47
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.39675240 %
4.60324770 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.19811450 %
4.80188550 %
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
10.46424639
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
337.47
POOL TRADING FACTOR:
52.06288189
.................................................................
...............
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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 6,355,552.46 6.093750 %
2,070,654.84
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 223,019,000.00 128,626,006.17 6.268750 %
9,327,707.69
R 1,035.81 6,999,328.56 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
317,942,035.81 203,378,887.19
11,398,362.53
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-I-1 33,091.87 2,103,746.71 0.00 0.00
4,284,897.62
A-I-2 212,493.42 212,493.42 0.00 0.00
35,203,000.00
A-I-3 46,965.70 46,965.70 0.00 0.00
7,449,000.00
A-I-4 76,265.29 76,265.29 0.00 0.00
11,675,000.00
A-I-5 47,067.35 47,067.35 0.00 0.00
7,071,000.00
A-II 676,244.63 10,003,952.32 0.00 0.00
119,298,298.48
R 516,886.10 516,886.10 0.00 0.00
6,999,328.56
- -----------------------------------------------------------------
- --------------
1,609,014.36 13,007,376.89 0.00 0.00
191,980,524.66
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-I- 189.582164 61.766342 0.987110 62.753452 0.000000
127.815822
A-I- 1000.000000 0.000000 6.036230 6.036230 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.304967 6.304967 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.532359 6.532359 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.656392 6.656392 0.000000
1000.000000
A-II 576.749094 41.824722 3.032229 44.856951 0.000000
534.924372
R 0000.000000 0.000000 0.000000 00.000000 0.000000
0000.000000
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:47:14
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
81,717.09
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
320,662.00
MASTER SERVICER ADVANCES THIS MONTH
13,307.43
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 180
19,624,351.70
(B) TWO MONTHLY PAYMENTS: 34
4,873,111.77
(C) THREE OR MORE MONTHLY PAYMENTS: 8
960,923.42
FORECLOSURES
NUMBER OF LOANS
95
AGGREGATE PRINCIPAL BALANCE
11,296,774.86
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
191,980,524.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,722
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
1,493,831.95
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
11,026,177.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.55847830 %
3.44152170 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.35414660 %
3.64585340 %
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
10.46293500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
334.02
POOL TRADING FACTOR:
60.38224048
.................................................................
...............
Run: 01/26/98 10:45:51
REPT1B.FRG
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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 200,011,758.00 129,192,044.78 6.400000 %
9,957,363.38
R 0.40 5,000,293.96 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
200,011,758.40 134,192,338.74
9,957,363.38
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A 692,412.75 10,649,776.13 0.00 0.00
119,234,681.40
R 380,246.66 380,246.66 0.00 0.00
5,000,293.96
- -----------------------------------------------------------------
- --------------
1,072,659.41 11,030,022.79 0.00 0.00
124,234,975.36
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A 645.922250 49.783890 3.461860 53.245750 0.000000
596.138360
R 000.000000 0.000000 0.000000 00.000000 0.000000
000.000000
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:45:51
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
53,664.00
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
239,465.03
MASTER SERVICER ADVANCES THIS MONTH
1,881.54
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 125
16,316,966.90
(B) TWO MONTHLY PAYMENTS: 16
2,940,898.79
(C) THREE OR MORE MONTHLY PAYMENTS: 5
404,990.68
FORECLOSURES
NUMBER OF LOANS
59
AGGREGATE PRINCIPAL BALANCE
7,411,697.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
124,234,975.36
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
985
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
228,050.64
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
9,805,808.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
73,686.95
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.27378580 %
3.72621420 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.97513180 %
4.02486820 %
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
10.61266968
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
344.94
POOL TRADING FACTOR:
62.11383588
.................................................................
...............
Run: 01/26/98 10:47:15
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 33,472,681.47 6.108750 %
4,097,086.62
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 151,859,043.00 121,616,691.91 6.208750 %
5,338,956.09
R 1.60 5,622,630.12 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
273,602,645.60 230,455,604.50
9,436,042.71
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-I-1 176,076.76 4,273,163.38 0.00 0.00
29,375,594.85
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 650,214.35 5,989,170.44 0.00 0.00
116,277,735.82
R 596,656.45 596,656.45 0.00 0.00
5,622,630.12
- -----------------------------------------------------------------
- --------------
1,848,629.68 11,284,672.39 0.00 0.00
221,019,561.79
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-I- 643.705413 78.790127 3.386092 82.176219 0.000000
564.915286
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 800.852485 35.157314 4.281697 39.439011 0.000000
765.695171
R 0000.000000 0.000000 0.000000 00.000000 0.000000
0000.000000
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:47:15
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
93,730.23
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
319,238.14
MASTER SERVICER ADVANCES THIS MONTH
3,438.12
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 223
23,220,736.53
(B) TWO MONTHLY PAYMENTS: 35
4,351,755.54
(C) THREE OR MORE MONTHLY PAYMENTS: 13
1,348,300.62
FORECLOSURES
NUMBER OF LOANS
74
AGGREGATE PRINCIPAL BALANCE
7,842,034.18
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
221,019,561.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
2,165
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
387,869.92
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
9,304,309.51
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.56021120 %
2.43978880 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.45604870 %
2.54395130 %
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
10.52817300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
322.66
POOL TRADING FACTOR:
80.78122246
.................................................................
...............
Run: 01/26/98 10:47:16
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 250,104,875.00 224,941,234.48 6.213750 %
6,238,960.54
A-II 76110WBL9 115,163,718.00 96,867,013.22 6.208750 %
7,064,799.98
SB-I 0.22 3,624,237.18 0.000000 %
0.00
SB-I 0.37 1,993,764.12 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
- -----------------------------------------------------------------
- --------------
365,268,593.59 327,426,249.00
13,303,760.52
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-I 1,195,185.12 7,434,145.66 0.00 0.00
218,702,273.94
A-II 495,725.58 7,560,525.56 0.00 0.00
89,802,213.24
SB-I 0.00 0.00 528,139.97 0.00
4,152,377.15
SB-II 0.00 0.00 304,648.96 0.00
2,298,413.08
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
- -----------------------------------------------------------------
- --------------
1,690,910.70 14,994,671.22 832,788.93 0.00
314,955,277.41
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-I 899.387645 24.945378 4.778736 29.724114 0.000000
874.442267
A-II 841.124400 61.345709 4.304529 65.650238 0.000000
779.778691
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 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:47:17
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
133,741.99
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
93.17
SUBSERVICER ADVANCES THIS MONTH
328,809.66
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 179
22,232,147.91
(B) TWO MONTHLY PAYMENTS: 40
4,785,686.45
(C) THREE OR MORE MONTHLY PAYMENTS: 18
2,176,300.83
FORECLOSURES
NUMBER OF LOANS
91
AGGREGATE PRINCIPAL BALANCE
10,793,049.92
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
314,955,277.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
2,506
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
12,289,685.96
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
29,801.94
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.28419340 %
1.71580660 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.95183930 %
2.04816070 %
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
10.12576200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
350.31
POOL TRADING FACTOR:
86.22566597
.................................................................
...............
Run: 01/26/98 10:47:17
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 61,687,979.28 6.063750 %
4,879,988.67
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 159,111,000.00 146,853,414.61 6.198750 %
3,621,156.28
A-II 76110WBW5 60,012,000.00 56,062,897.82 6.178750 %
1,299,729.38
M-II 76110WBZ8 15,751,000.00 15,751,000.00 6.388750 %
0.00
M-II 76110WCA2 9,226,000.00 9,226,000.00 6.548750 %
0.00
B-II 76110WCC8 5,901,000.00 5,901,000.00 7.018750 %
0.00
SB-I 996.58 2,000,429.97 0.000000 %
0.00
SB-I 1,161.22 2,685,521.06 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
- -----------------------------------------------------------------
- --------------
450,045,157.80 425,710,242.74
9,800,874.33
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-I-1 322,016.62 5,202,005.29 0.00 0.00
56,807,990.61
A-I-2 109,135.82 109,135.82 0.00 0.00
20,000,000.00
A-I-3 182,535.07 182,535.07 0.00 0.00
32,800,000.00
A-I-4 93,698.51 93,698.51 0.00 0.00
16,300,000.00
A-I-5 133,108.62 133,108.62 0.00 0.00
22,038,000.00
A-I-6 105,770.10 105,770.10 0.00 0.00
18,400,000.00
M-I-1 53,621.76 53,621.76 0.00 0.00
9,002,000.00
M-I-2 26,336.19 26,336.19 0.00 0.00
4,301,000.00
B-I 17,214.01 17,214.01 0.00 0.00
2,701,000.00
A-II-1 783,875.99 4,405,032.27 0.00 0.00
143,232,258.33
A-II-2 298,287.71 1,598,017.09 0.00 0.00
54,763,168.44
M-II-1 86,652.92 86,652.92 0.00 0.00
15,751,000.00
M-II-2 52,027.27 52,027.27 0.00 0.00
9,226,000.00
B-II 35,665.19 35,665.19 0.00 0.00
5,901,000.00
SB-I 562,641.25 562,641.25 0.00 0.00
2,000,429.97
SB-II 0.00 0.00 582,691.55 0.00
3,268,212.61
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
- -----------------------------------------------------------------
- --------------
2,862,587.03 12,663,461.36 582,691.55 0.00
416,492,059.96
=================================================================
==============
Run: 01/26/98 10:47:17
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- 828.026568 65.503204 4.322371 69.825575 0.000000
762.523364
A-I- 1000.000000 0.000000 5.456791 5.456791 0.000000
1000.000000
A-I- 1000.000000 0.000000 5.565094 5.565094 0.000000
1000.000000
A-I- 1000.000000 0.000000 5.748375 5.748375 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.039959 6.039959 0.000000
1000.000000
A-I- 1000.000000 0.000000 5.748375 5.748375 0.000000
1000.000000
M-I- 1000.000000 0.000000 5.956650 5.956650 0.000000
1000.000000
M-I- 1000.000000 0.000000 6.123271 6.123271 0.000000
1000.000000
B-I 1000.000000 0.000000 6.373199 6.373199 0.000000
1000.000000
A-II 922.962049 22.758680 4.926598 27.685278 0.000000
900.203370
A-II 934.194791 21.657825 4.970468 26.628293 0.000000
912.536967
M-II 1000.000000 0.000000 5.501423 5.501423 0.000000
1000.000000
M-II 1000.000000 0.000000 5.639201 5.639201 0.000000
1000.000000
B-II 1000.000000 0.000000 6.043923 6.043923 0.000000
1000.000000
SB-I 0000.000000 0.000000 0.000000 0.000000 0.000000
0000.000000
SB-I 0000.000000 0.000000 0.000000 0.000000 000.000000
00000.000000
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:47:18
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
175,708.04
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
398,296.72
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 300
28,089,837.54
(B) TWO MONTHLY PAYMENTS: 85
6,749,001.47
(C) THREE OR MORE MONTHLY PAYMENTS: 37
3,131,281.35
FORECLOSURES
NUMBER OF LOANS
71
AGGREGATE PRINCIPAL BALANCE
6,951,221.86
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
416,492,059.96
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
4,194
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS
0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
0.00
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
8,976,325.63
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 87.88660790 % 0.00000000 %
12.11339210 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 87.47859860 % 0.00000000 %
12.52140140 %
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
10.30386300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
330.21
POOL TRADING FACTOR:
92.54450420
.................................................................
...............
Run: 01/26/98 10:47:19
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 77,870,243.87 6.108750 %
3,291,213.04
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 200,060,000.00 197,197,684.86 0.220000 %
2,822,939.02
A-II 76110WCN4 200,020,000.00 198,345,032.40 0.195000 %
3,894,027.44
SB-I 76110WCP9 768.84 563,679.57 0.000000 %
0.00
SB-I 76110WCQ7 504.57 1,045,906.88 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
- -----------------------------------------------------------------
- --------------
600,136,273.41 595,279,547.58
10,008,179.50
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-I-1 409,621.82 3,700,834.86 0.00 0.00
74,579,030.83
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 37,358.01 2,860,297.03 0.00 0.00
194,374,745.84
A-II-2 33,305.44 3,927,332.88 0.00 0.00
194,451,004.96
SB-I 0.00 0.00 541,187.43 0.00
1,104,867.00
SB-II 0.00 0.00 000,000.00 0.00
4,027,435.88
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
- -----------------------------------------------------------------
- --------------
1,150,580.15 11,158,759.65 3,522,716.43 0.00
588,794,084.51
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-I- 975.842050 41.244305 5.133234 46.377539 0.000000
934.597745
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 985.692716 14.110462 0.186734 14.297196 0.000000
971.582255
A-II 991.625999 19.468190 0.166511 19.634701 0.000000
972.157809
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
.000000
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:47:19
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
246,856.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
16,780.73
SUBSERVICER ADVANCES THIS MONTH
505,125.94
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 437
43,087,015.74
(B) TWO MONTHLY PAYMENTS: 125
11,147,351.15
(C) THREE OR MORE MONTHLY PAYMENTS: 31
4,040,385.92
FORECLOSURES
NUMBER OF LOANS
9
AGGREGATE PRINCIPAL BALANCE
1,231,117.01
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
588,794,084.51
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
5,754
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS
0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
0.00
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
6,084,224.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
75,021.73
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.72960830 %
0.27039170 %
CURRENT PREPAYMENT PERCENTAGE 0.00000000 %
100.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.12833650 %
0.87166350 %
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
10.11551600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
343.04
POOL TRADING FACTOR:
98.11006443
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