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)
September 25, 1998
RESIDENTIAL ASSET SECURITIES CORP
(Exact name of the registrant as specified in its charter)
Delaware 333-30789 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 September 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
<PAGE>
1996-KS2 RASC 1996-KS3 RASC 1996-KS4 RASC 1996-KS5 RASC 1997-KS1 RASC 1997-KS2
RASC 1997-KS3 RASC 1997-KS4 GR1RASC 1998-KS1 RASC 1998-KS2 RASC ->
Item 7. Financial Statements and Exhibits
(a) See attached monthly reports
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed onits behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ASSET SECURITIES CORP
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
Dated: September 25, 1998
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed onits behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ASSET SECURITIES CORP
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: September 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 17,511,663.76 6.337500 % 1,301,030.62
R 0.00 2,329,729.31 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 19,841,393.07 1,301,030.62
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 93,211.92 1,394,242.54 0.00 0.00 16,210,633.14
R 0.00 0.00 67,559.89 0.00 2,397,289.20
- -------------------------------------------------------------------------------
93,211.92 1,394,242.54 67,559.89 0.00 18,607,922.34
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 185.603098 13.789399 0.987937 14.777336 0.000000 171.813699
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-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 7,318.86
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,758.96
MASTER SERVICER ADVANCES THIS MONTH 686.58
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 15 1,912,905.85
(B) TWO MONTHLY PAYMENTS: 7 425,438.28
(C) THREE OR MORE MONTHLY PAYMENTS: 5 580,246.16
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 1,402,033.18
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 18,607,922.34
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 185
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 72,676.47
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,222,383.76
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 88.25823720 % 11.74176280 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 87.11683570 % 12.88316430 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 212,441.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,238,927.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.92868440
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 315.92
POOL TRADING FACTOR: 19.72221528
................................................................................
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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 24,315,384.44 6.187500 % 650,422.20
R 0.00 1,596,196.23 0.000000 % 0.00
- -------------------------------------------------------------------------------
105,461,520.00 25,911,580.67 650,422.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 129,542.55 779,964.75 0.00 0.00 23,664,962.24
R 0.00 0.00 82,652.66 0.00 1,678,848.89
- -------------------------------------------------------------------------------
129,542.55 779,964.75 82,652.66 0.00 25,343,811.13
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 230.561673 6.167389 1.228339 7.395728 0.000000 224.394284
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-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 9,868.49
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 329.42
SUBSERVICER ADVANCES THIS MONTH 50,370.96
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 1,498,173.12
(B) TWO MONTHLY PAYMENTS: 11 1,619,711.39
(C) THREE OR MORE MONTHLY PAYMENTS: 6 759,512.88
FORECLOSURES
NUMBER OF LOANS 18
AGGREGATE PRINCIPAL BALANCE 1,768,516.68
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 25,343,811.13
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 250
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 552,975.52
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.83983460 % 6.16016540 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.37570470 % 6.62429530 %
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 10.57187589
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 318.87
POOL TRADING FACTOR: 24.03133487
................................................................................
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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 0.00 8.000000 % 0.00
A3-I 76110WAF3 19,819,000.00 18,569,181.35 8.000000 % 1,641,377.26
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 16,060,002.44 8.000000 % 452,110.71
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 171,843.83 8.120000 % 355.52
B2-I 760,800.00 0.00 8.120000 % 0.00
B3-I 988,100.00 0.00 8.120000 % 0.00
B1-II 1,125,622.41 863,869.20 8.120000 % 5,605.25
B2-II 259,759.02 0.00 8.120000 % 0.00
B3-II 346,345.37 0.00 8.120000 % 0.00
SPRED 0.00 0.00 1.978128 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 63,269,639.82 2,099,448.74
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A3-I 123,766.16 1,765,143.42 0.00 0.00 16,927,804.09
A4-I 109,854.81 109,854.81 0.00 0.00 16,482,000.00
A5-I 74,134.62 74,134.62 0.00 0.00 11,122,743.00
A-II 107,057.83 559,168.54 0.00 0.00 15,607,891.73
R 0.00 0.00 0.00 0.00 0.00
B1-I 1,162.54 1,518.06 0.00 0.00 153,443.55
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 5,845.03 11,450.28 0.00 0.00 757,287.27
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 104,276.37 104,276.37 0.00 0.00 0.00
- -------------------------------------------------------------------------------
526,097.36 2,625,546.10 0.00 0.00 61,051,169.64
===============================================================================
_______________________________________________________________________________
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A3-I 936.938360 82.818369 6.244824 89.063193 0.000000 854.119991
A4-I 1000.000000 0.000000 6.665138 6.665138 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.665138 6.665138 0.000000 1000.000000
A-II 386.415892 10.878128 2.575893 13.454021 0.000000 375.537764
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 88.284032 0.182647 0.597250 0.779897 0.000000 78.830966
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-II 767.459134 4.979689 5.192709 10.172398 0.000000 672.772030
B2-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B3-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
SPRED 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-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 18,763.24
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 79,944.36
MASTER SERVICER ADVANCES THIS MONTH 1,648.71
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 4,772,626.62
(B) TWO MONTHLY PAYMENTS: 3 733,538.65
(C) THREE OR MORE MONTHLY PAYMENTS: 4 1,201,479.57
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,576,348.41
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 61,051,169.64
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 266
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 170,504.53
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,565,296.55
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.36301730 % 1.63698260 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.50825000 % 1.49175000 %
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 10.15109400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 209.17
POOL TRADING FACTOR: 38.88673879
................................................................................
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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 32,819,166.85 6.187500 % 1,096,164.65
R 4,664,765.74 6,219,687.28 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 39,038,854.13 1,096,164.65
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 174,037.96 1,270,202.61 0.00 0.00 31,723,002.20
R 130,189.27 130,189.27 0.00 0.00 6,219,687.28
- -------------------------------------------------------------------------------
304,227.23 1,400,391.88 0.00 0.00 37,942,689.48
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 331.517823 11.072741 1.758018 12.830759 0.000000 320.445083
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-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 14,056.30
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 79,577.33
MASTER SERVICER ADVANCES THIS MONTH 1,746.05
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 4,142,629.80
(B) TWO MONTHLY PAYMENTS: 16 1,302,533.58
(C) THREE OR MORE MONTHLY PAYMENTS: 7 1,052,646.81
FORECLOSURES
NUMBER OF LOANS 26
AGGREGATE PRINCIPAL BALANCE 2,590,896.60
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 37,942,689.48
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 398
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 169,888.25
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,064,304.56
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 84.06795640 % 15.93204370 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 83.60767950 % 16.39232050 %
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 10.32356937
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 304.99
POOL TRADING FACTOR: 36.60250531
................................................................................
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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 16,963,632.32 6.087500 % 1,236,403.04
R 0.00 2,739,844.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
77,178,720.00 19,703,476.88 1,236,403.04
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 88,122.86 1,324,525.90 0.00 0.00 15,727,229.28
R 15,695.32 15,695.32 0.00 0.00 2,739,844.56
- -------------------------------------------------------------------------------
103,818.18 1,340,221.22 0.00 0.00 18,467,073.84
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 219.796756 16.019999 1.141803 17.161802 0.000000 203.776757
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-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 6,269.92
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 69,805.98
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 3,131,473.30
(B) TWO MONTHLY PAYMENTS: 8 917,239.19
(C) THREE OR MORE MONTHLY PAYMENTS: 10 1,334,526.97
FORECLOSURES
NUMBER OF LOANS 20
AGGREGATE PRINCIPAL BALANCE 2,285,011.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 18,467,073.84
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 172
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,103,210.52
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 86.09461380 % 13.90538620 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 85.16362370 % 14.83637630 %
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 10.88928575
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 325.36
POOL TRADING FACTOR: 23.92767571
................................................................................
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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 0.00 6.770000 % 0.00
A-2 76110WAP1 28,000,000.00 24,878,467.45 7.040000 % 1,320,023.76
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 352,608.35 227,875.04 0.000000 % 19,733.37
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 3,107,422.31 7.980000 % 2,808.07
B-2 904,165.00 873,963.31 7.980000 % 789.77
B-3 904,163.45 572,274.64 7.980000 % 517.14
SPRED 0.00 0.00 1.710127 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 55,746,735.75 1,343,872.11
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 145,930.08 1,465,953.84 0.00 0.00 23,558,443.69
A-3 74,088.02 74,088.02 0.00 0.00 12,000,000.00
A-4 93,661.63 93,661.63 0.00 0.00 14,086,733.00
A-5 0.00 19,733.37 0.00 0.00 208,141.67
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 20,661.02 23,469.09 0.00 0.00 3,104,614.24
B-2 5,810.92 6,600.69 0.00 0.00 873,173.54
B-3 3,805.01 4,322.15 0.00 0.00 533,303.25
SPRED 79,432.16 79,432.16 0.00 0.00 0.00
- -------------------------------------------------------------------------------
423,388.84 1,767,260.95 0.00 0.00 54,364,409.39
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 888.516695 47.143706 5.211789 52.355495 0.000000 841.372989
A-3 1000.000000 0.000000 6.174002 6.174002 0.000000 1000.000000
A-4 1000.000000 0.000000 6.648925 6.648925 0.000000 1000.000000
A-5 646.255371 55.963990 0.000000 55.963990 0.000000 590.291381
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-1 966.597148 0.873480 6.426833 7.300313 0.000000 965.723667
B-2 966.597148 0.873480 6.426836 7.300316 0.000000 965.723668
B-3 632.932729 0.571954 4.208321 4.780275 0.000000 589.830578
SPRED 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:06:51 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 21,438.11
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 109,671.79
MASTER SERVICER ADVANCES THIS MONTH 10,271.77
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 61 6,534,228.18
(B) TWO MONTHLY PAYMENTS: 25 2,126,532.46
(C) THREE OR MORE MONTHLY PAYMENTS: 13 1,252,633.94
FORECLOSURES
NUMBER OF LOANS 27
AGGREGATE PRINCIPAL BALANCE 2,850,203.89
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 54,364,409.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 554
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 1,073,148.49
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,183,869.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 91.79799400 % 8.20200600 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 91.67023280 % 8.32976720 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 583,785.00
SPECIAL HAZARD AMOUNT AVAILABLE 869,764.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.79419002
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 306.47
POOL TRADING FACTOR: 54.11403684
................................................................................
Run: 09/30/98 09:06:55 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 45,052,962.69 6.037500 % 3,643,655.85
R 0.00 3,593,275.20 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 48,646,237.89 3,643,655.85
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 228,447.75 3,872,103.60 0.00 0.00 41,409,306.84
R 0.00 0.00 0.00 0.00 3,583,403.39
- -------------------------------------------------------------------------------
228,447.75 3,872,103.60 0.00 0.00 44,992,710.23
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 313.453327 25.350520 1.589412 26.939932 0.000000 288.102807
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:06:55 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 18,653.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 130,605.60
MASTER SERVICER ADVANCES THIS MONTH 13,085.42
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 5,776,201.50
(B) TWO MONTHLY PAYMENTS: 17 2,239,850.51
(C) THREE OR MORE MONTHLY PAYMENTS: 19 1,793,472.00
FORECLOSURES
NUMBER OF LOANS 41
AGGREGATE PRINCIPAL BALANCE 4,354,254.09
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 44,992,710.23
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 379
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 1,562,999.22
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,941,413.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.61345720 % 7.38654280 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.03559120 % 7.96440880 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 481,515.00
SPECIAL HAZARD AMOUNT AVAILABLE 961,592.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 11.01050936
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.13
POOL TRADING FACTOR: 31.30341243
................................................................................
Run: 09/30/98 09:14:57 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-1 76110WAW6 33,524,000.00 0.00 0.125000 % 0.00
A-I-2 76110WAX4 35,203,000.00 22,235,419.42 7.300000 % 1,389,599.44
A-I-3 76110WAY2 7,449,000.00 7,449,000.00 7.625000 % 0.00
A-I-4 76110WAZ9 11,675,000.00 11,675,000.00 7.900000 % 0.00
A-I-5 76110WBA3 7,071,000.00 7,071,000.00 8.050000 % 0.00
A-II 76110WBB1 223,019,000.00 78,203,706.45 5.948440 % 5,157,053.91
R 1,035.81 6,999,328.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 133,633,454.43 6,546,653.35
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 133,922.51 1,523,521.95 0.00 0.00 20,845,819.98
A-I-3 46,862.26 46,862.26 0.00 0.00 7,449,000.00
A-I-4 76,097.33 76,097.33 0.00 0.00 11,675,000.00
A-I-5 46,963.69 46,963.69 0.00 0.00 7,071,000.00
A-II 387,192.45 5,544,246.36 0.00 0.00 73,046,652.54
R 137,269.18 137,269.18 0.00 0.00 6,999,328.56
- -------------------------------------------------------------------------------
828,307.42 7,374,960.77 0.00 0.00 127,086,801.08
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 631.634219 39.473893 3.804293 43.278186 0.000000 592.160327
A-I-3 1000.000000 0.000000 6.291081 6.291081 0.000000 1000.000000
A-I-4 1000.000000 0.000000 6.517973 6.517973 0.000000 1000.000000
A-I-5 1000.000000 0.000000 6.641732 6.641732 0.000000 1000.000000
A-II 350.659390 23.123832 1.736141 24.859973 0.000000 327.535558
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:14:58 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 53,498.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 341,428.26
MASTER SERVICER ADVANCES THIS MONTH 17,491.73
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 157 15,540,521.60
(B) TWO MONTHLY PAYMENTS: 51 6,490,436.23
(C) THREE OR MORE MONTHLY PAYMENTS: 31 3,889,772.15
FORECLOSURES
NUMBER OF LOANS 102
AGGREGATE PRINCIPAL BALANCE 12,256,378.14
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 127,086,801.08
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,204
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 21
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,090,269.82
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,861,863.30
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.76229320 % 5.23770680 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.49248190 % 5.50751810 %
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 10.62430100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 325.00
POOL TRADING FACTOR: 39.97168879
................................................................................
Run: 09/30/98 09:07:54 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 75,971,184.31 5.923440 % 4,420,566.95
R 0.40 5,000,293.96 0.000000 % 0.00
- -------------------------------------------------------------------------------
200,011,758.40 80,971,478.27 4,420,566.95
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 387,509.26 4,808,076.21 0.00 0.00 71,550,617.36
R 189,349.49 189,349.49 0.00 0.00 5,000,293.96
- -------------------------------------------------------------------------------
576,858.75 4,997,425.70 0.00 0.00 76,550,911.32
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 379.833591 22.101535 1.937432 24.038967 0.000000 357.732056
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:07:54 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 32,368.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 219,782.71
MASTER SERVICER ADVANCES THIS MONTH 8,083.01
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 66 8,693,933.65
(B) TWO MONTHLY PAYMENTS: 28 4,285,131.52
(C) THREE OR MORE MONTHLY PAYMENTS: 29 3,297,405.79
FORECLOSURES
NUMBER OF LOANS 66
AGGREGATE PRINCIPAL BALANCE 8,313,736.88
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 76,550,911.32
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 630
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 869,081.03
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,145,655.20
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.82462310 % 6.17537690 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.46801510 % 6.53198490 %
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 10.92277569
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.94
POOL TRADING FACTOR: 38.27320550
................................................................................
Run: 09/30/98 09:15:00 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-1 76110WBD7 52,000,000.00 5,576,410.23 5.788440 % 2,455,489.31
A-I-2 76110WBE5 32,000,000.00 32,000,000.00 7.070000 % 0.00
A-I-3 76110WBF2 16,000,000.00 16,000,000.00 7.390000 % 0.00
A-I-4 76110WBG0 21,743,601.00 21,743,601.00 7.650000 % 0.00
A-II 76100WBH8 151,859,043.00 70,152,934.40 5.888440 % 3,427,676.36
R 1.60 5,622,630.12 0.000000 % 0.00
- -------------------------------------------------------------------------------
273,602,645.60 151,095,575.75 5,883,165.67
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 27,795.56 2,483,284.87 0.00 0.00 3,120,920.92
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 355,717.55 3,783,393.91 0.00 0.00 66,725,258.04
R 273,707.53 273,707.53 0.00 0.00 5,622,630.12
- -------------------------------------------------------------------------------
1,082,902.76 6,966,068.43 0.00 0.00 145,212,410.08
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 107.238658 47.220948 0.534530 47.755478 0.000000 60.017710
A-I-2 1000.000000 0.000000 5.891667 5.891667 0.000000 1000.000000
A-I-3 1000.000000 0.000000 6.158333 6.158333 0.000000 1000.000000
A-I-4 1000.000000 0.000000 6.375000 6.375000 0.000000 1000.000000
A-II 461.960862 22.571434 2.342419 24.913853 0.000000 439.389428
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:15:00 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 59,933.24
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 371,864.39
MASTER SERVICER ADVANCES THIS MONTH 13,939.60
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 188 17,591,161.75
(B) TWO MONTHLY PAYMENTS: 69 7,191,791.23
(C) THREE OR MORE MONTHLY PAYMENTS: 47 4,790,031.85
FORECLOSURES
NUMBER OF LOANS 108
AGGREGATE PRINCIPAL BALANCE 11,033,261.66
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 145,212,410.08
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,536
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 1,441,462.14
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,265,742.37
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.27875930 % 3.72124070 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.12799610 % 3.87200390 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,827,255.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,259,392.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.55733300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 305.74
POOL TRADING FACTOR: 53.07419808
................................................................................
Run: 09/30/98 09:15:02 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 250,104,875.00 150,577,082.84 5.893440 % 6,783,134.37
A-II 76110WBL9 115,163,718.00 52,961,139.77 5.888440 % 3,399,935.46
SB-I 0.22 6,252,621.88 0.000000 % 0.00
SB-II 0.37 2,879,092.96 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-III 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
365,268,593.59 212,669,937.45 10,183,069.83
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 763,571.74 7,546,706.11 0.00 0.00 143,793,948.47
A-II 268,544.81 3,668,480.27 0.00 0.00 49,561,204.31
SB-I 406,797.48 406,797.48 0.00 0.00 6,252,621.88
SB-II 186,539.16 186,539.16 0.00 0.00 2,879,092.96
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,625,453.19 11,808,523.02 0.00 0.00 202,486,867.62
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 602.055769 27.121160 3.053006 30.174166 0.000000 574.934609
A-II 459.876953 29.522627 2.331853 31.854480 0.000000 430.354327
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:15:02 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 85,511.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 411,930.96
MASTER SERVICER ADVANCES THIS MONTH 19,040.63
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 156 17,655,983.05
(B) TWO MONTHLY PAYMENTS: 65 6,850,590.29
(C) THREE OR MORE MONTHLY PAYMENTS: 40 5,585,891.36
FORECLOSURES
NUMBER OF LOANS 135
AGGREGATE PRINCIPAL BALANCE 17,637,340.09
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 202,486,867.62
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,685
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 20
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,179,164.09
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 9,432,694.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.70615620 % 4.29384380 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.49021870 % 4.50978130 %
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 10.41850300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.48
POOL TRADING FACTOR: 55.43506099
................................................................................
Run: 09/30/98 09:15:04 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-1 76110WBP0 74,500,000.00 17,311,606.10 5.743440 % 4,326,693.72
A-I-2 76110WBQ8 20,000,000.00 20,000,000.00 6.550000 % 0.00
A-I-3 76110WBR6 32,800,000.00 32,800,000.00 6.680000 % 0.00
A-I-4 76110WBS4 16,300,000.00 16,300,000.00 6.900000 % 0.00
A-I-5 76110WBT2 22,038,000.00 22,038,000.00 7.250000 % 0.00
A-I-6 76110WBU9 18,400,000.00 18,400,000.00 6.900000 % 0.00
M-I-1 76110WBX3 9,002,000.00 9,002,000.00 7.150000 % 0.00
M-I-2 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-1 76110WBV7 159,111,000.00 104,257,267.95 5.878440 % 6,914,138.97
A-II-2 76110WBW5 60,012,000.00 40,741,440.42 5.858440 % 3,613,638.99
M-II-1 76110WBZ8 15,751,000.00 15,751,000.00 6.068440 % 0.00
M-II-2 76110WCA2 9,226,000.00 9,226,000.00 6.228440 % 0.00
B-II 76110WCC8 5,901,000.00 5,901,000.00 6.698440 % 0.00
SB-I 996.58 2,000,420.00 0.000000 % 0.00
SB-II 1,161.22 5,000,020.00 0.000000 % 0.00
R-I 0.00 0.00 0.000000 % 0.00
R-II 0.00 0.00 0.000000 % 0.00
R-III 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
450,045,157.80 325,730,754.47 14,854,471.68
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 85,618.70 4,412,312.42 0.00 0.00 12,984,912.38
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-1 527,749.25 7,441,888.22 0.00 0.00 97,343,128.98
A-II-2 205,531.11 3,819,170.10 0.00 0.00 37,127,801.43
M-II-1 82,308.44 82,308.44 0.00 0.00 15,751,000.00
M-II-2 49,482.53 49,482.53 0.00 0.00 9,226,000.00
B-II 34,037.56 34,037.56 0.00 0.00 5,901,000.00
SB-I 372,196.08 372,196.08 0.00 0.00 2,000,420.00
SB-II 534,284.98 534,284.98 0.00 0.00 5,000,020.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
2,612,832.67 17,467,304.35 0.00 0.00 310,876,282.79
===============================================================================
Run: 09/30/98 09:15:04
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-1 232.370552 58.076426 1.149244 59.225670 0.000000 174.294126
A-I-2 1000.000000 0.000000 5.458334 5.458334 0.000000 1000.000000
A-I-3 1000.000000 0.000000 5.566667 5.566667 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I-5 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
M-I-1 1000.000000 0.000000 5.958334 5.958334 0.000000 1000.000000
M-I-2 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-1 655.248650 43.454814 3.316862 46.771676 0.000000 611.793836
A-II-2 678.888229 60.215273 3.424834 63.640107 0.000000 618.672956
M-II-1 1000.000000 0.000000 5.225601 5.225601 0.000000 1000.000000
M-II-2 1000.000000 0.000000 5.363378 5.363378 0.000000 1000.000000
B-II 1000.000000 0.000000 5.768100 5.768100 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:15:05 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 132,062.86
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 515,599.37
MASTER SERVICER ADVANCES THIS MONTH 12,303.31
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 357 28,037,163.77
(B) TWO MONTHLY PAYMENTS: 120 11,213,974.27
(C) THREE OR MORE MONTHLY PAYMENTS: 68 5,542,056.50
FORECLOSURES
NUMBER OF LOANS 140
AGGREGATE PRINCIPAL BALANCE 11,321,945.88
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 310,876,282.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,236
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 1,327,307.70
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 13,947,675.80
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 520,141.46
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.45798200 % 0.00000000 % 16.54201800 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.66756170 % 0.00000000 % 17.33243830 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE **,***,***.**
SPECIAL HAZARD AMOUNT AVAILABLE 60,012,900.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.38736200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 321.43
POOL TRADING FACTOR: 69.07668651
................................................................................
Run: 09/30/98 09:15:07 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-1 76110WCF1 79,798,000.00 46,526,267.47 5.788440 % 3,766,584.96
A-I-2 76110WCG9 15,000,000.00 15,000,000.00 6.460000 % 0.00
A-I-3 76110WCH7 32,000,000.00 32,000,000.00 6.560000 % 0.00
A-I-4 76110WCJ3 30,000,000.00 30,000,000.00 6.720000 % 0.00
A-I-5 76110WCK0 23,257,000.00 23,257,000.00 6.980000 % 0.00
A-I-6 76110WCL8 20,000,000.00 20,000,000.00 6.680000 % 0.00
A-II-1 76110WCM6 200,060,000.00 159,944,513.87 5.868440 % 8,551,061.34
A-II-2 76110WCN4 200,020,000.00 162,235,032.57 5.843440 % 6,611,873.02
SB-I 76110WCQ7 768.84 2,000,557.69 0.000000 % 0.00
SB-II 76110WCP9 504.57 8,001,610.09 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-III 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
600,136,273.41 498,964,981.69 18,929,519.32
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 231,909.71 3,998,494.67 0.00 0.00 42,759,682.51
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-1 808,260.23 9,359,321.57 0.00 0.00 151,393,452.53
A-II-2 816,342.53 7,428,215.55 0.00 0.00 155,623,159.55
SB-I 458,988.25 458,988.25 0.00 0.00 2,000,557.69
SB-II 922,532.56 922,532.56 0.00 0.00 8,001,610.09
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
3,908,328.16 22,837,847.48 0.00 0.00 480,035,462.37
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 583.050546 47.201496 2.906210 50.107706 0.000000 535.849050
A-I-2 1000.000000 0.000000 5.383333 5.383333 0.000000 1000.000000
A-I-3 1000.000000 0.000000 5.466667 5.466667 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.600000 5.600000 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.816667 5.816667 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.566667 5.566667 0.000000 1000.000000
A-II-1 799.482725 42.742484 4.040089 46.782573 0.000000 756.740241
A-II-2 811.094053 33.056059 4.081305 37.137364 0.000000 778.037994
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:15:08 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 204,005.72
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 659,548.05
MASTER SERVICER ADVANCES THIS MONTH 4,925.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 440 40,415,383.02
(B) TWO MONTHLY PAYMENTS: 136 12,866,950.24
(C) THREE OR MORE MONTHLY PAYMENTS: 58 6,450,033.21
FORECLOSURES
NUMBER OF LOANS 151
AGGREGATE PRINCIPAL BALANCE 16,320,741.50
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 480,035,462.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,808
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 546,331.32
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 18,103,991.14
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 353,811.08
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.99541690 % 2.00458310 %
CURRENT PREPAYMENT PERCENTAGE 0.00000000 % 100.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.91636900 % 2.08363100 %
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 10.27330200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.82
POOL TRADING FACTOR: 79.98774339
................................................................................
Run: 09/30/98 09:15:14 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-KS1(POOL # 4291)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4291
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110WCR5 70,000,000.00 38,243,274.60 6.940000 % 6,743,440.85
A-I-2 76110WCS3 35,000,000.00 35,000,000.00 6.450000 % 0.00
A-I-3 76110WCT1 100,000,000.00 100,000,000.00 6.285000 % 0.00
A-I-4 76110WCU8 31,000,000.00 31,000,000.00 6.390000 % 0.00
A-I-5 76110WCV6 31,000,000.00 31,000,000.00 6.505000 % 0.00
A-I-6 76110WCW4 30,000,000.00 30,000,000.00 6.585000 % 0.00
A-I-7 76110WCX2 20,000,000.00 20,000,000.00 6.810000 % 0.00
A-I-8 76110WCY0 25,448,000.00 25,448,000.00 7.010000 % 0.00
A-I-9 76110WCZ7 38,000,000.00 38,000,000.00 6.445000 % 0.00
A-II-1 76110WDA1 150,000,000.00 132,767,069.15 5.868440 % 3,848,816.86
A-II-2 76110WDB9 325,000,000.00 295,930,697.29 5.843440 % 6,641,665.31
SB-I 76110WDC7 33.88 3,424,032.30 0.000000 % 0.00
SB-II 76110WDD5 73,292.19 6,406,129.40 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-III 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
855,521,326.07 787,219,202.74 17,233,923.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 221,173.60 6,964,614.45 0.00 0.00 31,499,833.75
A-I-2 188,125.00 188,125.00 0.00 0.00 35,000,000.00
A-I-3 523,750.00 523,750.00 0.00 0.00 100,000,000.00
A-I-4 165,075.00 165,075.00 0.00 0.00 31,000,000.00
A-I-5 168,045.83 168,045.83 0.00 0.00 31,000,000.00
A-I-6 164,625.00 164,625.00 0.00 0.00 30,000,000.00
A-I-7 113,500.00 113,500.00 0.00 0.00 20,000,000.00
A-I-8 148,658.73 148,658.73 0.00 0.00 25,448,000.00
A-I-9 204,091.67 204,091.67 0.00 0.00 38,000,000.00
A-II-1 670,922.30 4,519,739.16 0.00 0.00 128,918,252.29
A-II-2 1,489,079.21 8,130,744.52 0.00 0.00 289,289,031.98
SB-I 846,074.06 846,074.06 0.00 0.00 3,424,032.30
SB-II 0.00 0.00 1,187,892.59 0.00 7,594,021.99
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
- -------------------------------------------------------------------------------
4,903,120.40 22,137,043.42 1,187,892.59 0.00 771,173,172.31
===============================================================================
Run: 09/30/98 09:15:14
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-KS1(POOL # 4291)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4291
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 546.332494 96.334869 3.159623 99.494492 0.000000 449.997625
A-I-2 1000.000000 0.000000 5.375000 5.375000 0.000000 1000.000000
A-I-3 1000.000000 0.000000 5.237500 5.237500 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.325000 5.325000 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.420833 5.420833 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.487500 5.487500 0.000000 1000.000000
A-I-7 1000.000000 0.000000 5.675000 5.675000 0.000000 1000.000000
A-I-8 1000.000000 0.000000 5.841667 5.841667 0.000000 1000.000000
A-I-9 1000.000000 0.000000 5.370833 5.370833 0.000000 1000.000000
A-II-1 885.113794 25.658779 4.472815 30.131594 0.000000 859.455015
A-II-2 910.555992 20.435893 4.581782 25.017675 0.000000 890.120098
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:15:15 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-KS1 (POOL # 4291)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4291
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 324,629.05
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 774,719.51
MASTER SERVICER ADVANCES THIS MONTH 462.27
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 689 59,432,123.49
(B) TWO MONTHLY PAYMENTS: 161 13,841,855.09
(C) THREE OR MORE MONTHLY PAYMENTS: 71 6,050,725.47
FORECLOSURES
NUMBER OF LOANS 116
AGGREGATE PRINCIPAL BALANCE 11,712,727.39
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 771,173,172.31
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 7,777
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 54,391.92
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 15,451,525.84
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 95,445.72
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.75128020 % 1.24871980 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.57126070 % 1.42873930 %
BANKRUPTCY AMOUNT AVAILABLE 357,952.00
FRAUD AMOUNT AVAILABLE 25,665,640.00
SPECIAL HAZARD AMOUNT AVAILABLE 8,555,213.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.97406500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.30
POOL TRADING FACTOR: 90.14073043
................................................................................
Run: 09/30/98 09:15:17 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-KS2(POOL # 4303)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4303
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110WDE3 62,000,000.00 54,033,206.38 6.775000 % 4,889,025.90
A-I-2 76110WDF0 65,000,000.00 65,000,000.00 6.400000 % 0.00
A-I-3 76110WDG8 72,000,000.00 72,000,000.00 6.240000 % 0.00
A-I-4 76110WDH6 33,000,000.00 33,000,000.00 6.355000 % 0.00
A-I-5 76110WDJ2 19,000,000.00 19,000,000.00 6.400000 % 0.00
A-I-6 76110WDK9 20,000,000.00 20,000,000.00 6.485000 % 0.00
A-I-7 76110WDU7 18,000,000.00 18,000,000.00 6.630000 % 0.00
A-I-8 76110WDV5 16,600,000.00 16,600,000.00 6.805000 % 0.00
A-I-9 76110WDW3 33,900,000.00 33,900,000.00 6.415000 % 0.00
A-II-1 76110WDL7 370,000,000.00 360,004,223.12 5.813440 % 6,874,136.74
A-II-2 76110WDM5 75,000,000.00 72,240,043.16 5.798440 % 810,494.44
M-I-1 76110WDN3 19,085,000.00 19,085,000.00 6.720000 % 0.00
M-I-2 76110WDP8 13,058,000.00 13,058,000.00 6.980000 % 0.00
M-I-3 76110WDQ6 9,041,000.00 9,041,000.00 7.620000 % 0.00
B-I-1 76110WDR4 10,246,000.00 10,246,000.00 9.179000 % 0.00
B-I-2 76110WDS2 5,425,000.00 5,425,000.00 9.649000 % 0.00
B-I-3 76110WDT0 5,426,154.06 5,426,154.06 9.649000 % 0.00
SB-I 76110WDX1 0.00 0.00 0.000000 % 0.00
SB-II 76110WDX9 202,335.73 2,658,715.94 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-III 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
846,983,489.79 828,717,342.66 12,573,657.08
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 305,062.48 5,194,088.38 0.00 0.00 49,144,180.48
A-I-2 346,666.67 346,666.67 0.00 0.00 65,000,000.00
A-I-3 374,400.00 374,400.00 0.00 0.00 72,000,000.00
A-I-4 174,762.50 174,762.50 0.00 0.00 33,000,000.00
A-I-5 101,333.33 101,333.33 0.00 0.00 19,000,000.00
A-I-6 108,083.33 108,083.33 0.00 0.00 20,000,000.00
A-I-7 99,450.00 99,450.00 0.00 0.00 18,000,000.00
A-I-8 94,135.83 94,135.83 0.00 0.00 16,600,000.00
A-I-9 181,223.75 181,223.75 0.00 0.00 33,900,000.00
A-II-1 1,802,187.54 8,676,324.28 0.00 0.00 353,130,086.38
A-II-2 360,701.84 1,171,196.28 0.00 0.00 71,429,548.72
M-I-1 106,876.00 106,876.00 0.00 0.00 19,085,000.00
M-I-2 75,954.03 75,954.03 0.00 0.00 13,058,000.00
M-I-3 57,410.35 57,410.35 0.00 0.00 9,041,000.00
B-I-1 78,373.36 78,373.36 0.00 0.00 10,246,000.00
B-I-2 43,621.52 43,621.52 0.00 0.00 5,425,000.00
B-I-3 43,630.80 43,630.80 0.00 0.00 5,426,154.06
SB-I 968,921.65 968,921.65 0.00 0.00 0.00
SB-II 0.00 0.00 1,147,884.14 0.00 3,806,600.08
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
- -------------------------------------------------------------------------------
5,322,794.98 17,896,452.06 1,147,884.14 0.00 817,291,569.72
===============================================================================
Run: 09/30/98 09:15:17
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-KS2(POOL # 4303)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4303
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 871.503329 78.855256 4.920363 83.775619 0.000000 792.648072
A-I-2 1000.000000 0.000000 5.333333 5.333333 0.000000 1000.000000
A-I-3 1000.000000 0.000000 5.200000 5.200000 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.295833 5.295833 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.333333 5.333333 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.404167 5.404167 0.000000 1000.000000
A-I-7 1000.000000 0.000000 5.525000 5.525000 0.000000 1000.000000
A-I-8 1000.000000 0.000000 5.670833 5.670833 0.000000 1000.000000
A-I-9 1000.000000 0.000000 5.345833 5.345833 0.000000 1000.000000
A-II-1 972.984387 18.578748 4.870777 23.449525 0.000000 954.405639
A-II-2 963.200575 10.806593 4.809358 15.615951 0.000000 952.393983
M-I-1 1000.000000 0.000000 5.600000 5.600000 0.000000 1000.000000
M-I-2 1000.000000 0.000000 5.816666 5.816666 0.000000 1000.000000
M-I-3 1000.000000 0.000000 6.350000 6.350000 0.000000 1000.000000
B-I-1 1000.000000 0.000000 7.649167 7.649167 0.000000 1000.000000
B-I-2 1000.000000 0.000000 8.040833 8.040833 0.000000 1000.000000
B-I-3 1000.000000 0.000000 8.040833 8.040833 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:15:19 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-KS2 (POOL # 4303)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4303
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 343,002.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 12,368.39
SUBSERVICER ADVANCES THIS MONTH ***,***.**
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: *** **,***,***.**
(B) TWO MONTHLY PAYMENTS: 361 31,286,472.68
(C) THREE OR MORE MONTHLY PAYMENTS: 196 15,446,672.28
FORECLOSURES
NUMBER OF LOANS 35
AGGREGATE PRINCIPAL BALANCE 2,448,670.54
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 817,291,569.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 8,855
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 10,801,568.83
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 71,230.36
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.16380950 % 4.96960800 % 2.86658290 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.91380940 % 5.03908293 % 3.04710770 %
BANKRUPTCY AMOUNT AVAILABLE 151,371.00
FRAUD AMOUNT AVAILABLE 12,053,435.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,017,812.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.02031100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.26
POOL TRADING FACTOR: 96.49439211
................................................................................
