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)
November 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 November 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 1998-KS3 RASC ->
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: Chief Financial Officer
Dated: November 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: November 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 15,074,614.20 5.962500 % 463,556.14
R 0.00 2,464,315.78 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 17,538,929.98 463,556.14
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 74,891.44 538,447.58 0.00 0.00 14,611,058.06
R 0.00 0.00 74,880.88 0.00 2,539,196.66
- -------------------------------------------------------------------------------
74,891.44 538,447.58 74,880.88 0.00 17,150,254.72
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 159.773230 4.913151 0.793761 5.706912 0.000000 154.860079
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-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 6,829.72
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 511.95
SUBSERVICER ADVANCES THIS MONTH 13,775.30
MASTER SERVICER ADVANCES THIS MONTH 1,738.97
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 3 285,897.39
(B) TWO MONTHLY PAYMENTS: 3 354,825.33
(C) THREE OR MORE MONTHLY PAYMENTS: 2 184,315.10
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 617,102.86
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 17,150,254.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 172
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 193,235.96
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 378,268.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 85.94945200 % 14.05054800 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 85.19440850 % 14.80559150 %
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 10.85456619
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 313.78
POOL TRADING FACTOR: 18.17725856
................................................................................
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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 22,446,477.84 5.812500 % 384,148.43
R 0.00 1,759,363.92 0.000000 % 355,425.10
- -------------------------------------------------------------------------------
105,461,520.00 24,205,841.76 739,573.53
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 108,722.39 492,870.82 0.00 0.00 22,062,329.41
R 90,402.01 445,827.11 0.00 0.00 1,403,938.82
- -------------------------------------------------------------------------------
199,124.40 938,697.93 0.00 0.00 23,466,268.23
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 212.840454 3.642546 1.030920 4.673466 0.000000 209.197909
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-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 9,278.49
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 21,022.55
MASTER SERVICER ADVANCES THIS MONTH 669.98
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 5 425,140.18
(B) TWO MONTHLY PAYMENTS: 2 108,655.86
(C) THREE OR MORE MONTHLY PAYMENTS: 3 137,787.42
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 1,639,757.82
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 23,466,268.23
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 234
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 56,704.62
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 725,574.94
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.73165570 % 7.26834430 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.01720460 % 5.98279540 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 403,772.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,490,390.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.47543405
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 316.91
POOL TRADING FACTOR: 22.25102401
................................................................................
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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 15,566,711.68 8.000000 % 1,995,868.01
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 15,400,878.73 8.000000 % 20,713.67
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 152,598.17 8.120000 % 316.01
B2-I 760,800.00 0.00 8.120000 % 0.00
B3-I 988,100.00 0.00 8.120000 % 0.00
B1-II 1,125,622.41 755,411.14 8.120000 % 921.77
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 1.995840 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 59,480,342.72 2,017,819.46
===============================================================================
_______________________________________________________________________________
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 102,815.16 2,098,683.17 0.00 0.00 13,570,843.67
A4-I 108,860.47 108,860.47 0.00 0.00 16,482,000.00
A5-I 73,463.60 73,463.60 0.00 0.00 11,122,743.00
A-II 102,660.38 123,374.05 0.00 0.00 15,380,165.06
R 0.00 0.00 0.00 0.00 0.00
B1-I 1,023.00 1,339.01 0.00 0.00 152,282.16
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 5,111.02 6,032.79 0.00 0.00 754,489.31
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 98,257.96 98,257.96 0.00 0.00 0.00
- -------------------------------------------------------------------------------
492,191.59 2,510,011.05 0.00 0.00 57,462,523.20
===============================================================================
_______________________________________________________________________________
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 785.443851 100.704779 5.187707 105.892486 0.000000 684.739072
A4-I 1000.000000 0.000000 6.604809 6.604809 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.604810 6.604810 0.000000 1000.000000
A-II 370.556873 0.498387 2.470087 2.968474 0.000000 370.058486
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 78.396656 0.162349 0.525562 0.687911 0.000000 78.234309
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 671.105278 0.818898 4.540617 5.359515 0.000000 670.286328
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 20-November-98
DISTRIBUTION DATE 25-November-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 0.00
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 38,675.16
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 4 944,867.17
(B) TWO MONTHLY PAYMENTS: 2 849,881.18
(C) THREE OR MORE MONTHLY PAYMENTS: 1 99,571.45
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 2,159,475.59
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 0.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 251
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,401.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.47342960 % 1.52657040 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.42197760 % 1.57802240 %
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 0.00000000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 0.00
POOL TRADING FACTOR: 0.00000000
................................................................................
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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 30,818,143.40 5.812500 % 904,031.62
R 4,664,765.74 6,219,687.28 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 37,037,830.68 904,031.62
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 149,066.33 1,053,097.95 0.00 0.00 29,914,111.78
R 146,838.26 146,838.26 0.00 0.00 6,219,687.28
- -------------------------------------------------------------------------------
295,904.59 1,199,936.21 0.00 0.00 36,133,799.06
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 311.304789 9.131938 1.505771 10.637709 0.000000 302.172851
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-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 13,354.52
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,224.44
MASTER SERVICER ADVANCES THIS MONTH 1,463.41
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 9 995,594.69
(B) TWO MONTHLY PAYMENTS: 4 790,209.37
(C) THREE OR MORE MONTHLY PAYMENTS: 5 433,088.35
FORECLOSURES
NUMBER OF LOANS 20
AGGREGATE PRINCIPAL BALANCE 1,816,860.72
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 36,133,799.06
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 380
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 159,963.75
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 873,196.53
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 83.20720420 % 16.79279580 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 82.78706520 % 17.21293480 %
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 10.27690901
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 303.14
POOL TRADING FACTOR: 34.85750721
................................................................................
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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 14,834,580.83 5.712500 % 260,871.67
R 0.00 2,739,844.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
77,178,720.00 17,574,425.39 260,871.67
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 70,610.71 331,482.38 0.00 0.00 14,573,709.16
R 79,401.50 79,401.50 0.00 0.00 2,739,844.56
- -------------------------------------------------------------------------------
150,012.21 410,883.88 0.00 0.00 17,313,553.72
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 192.210765 3.380098 0.914899 4.294997 0.000000 188.830667
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-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 7,202.72
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 269.99
SUBSERVICER ADVANCES THIS MONTH 26,225.39
MASTER SERVICER ADVANCES THIS MONTH 1,289.48
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 5 511,958.53
(B) TWO MONTHLY PAYMENTS: 3 365,093.70
(C) THREE OR MORE MONTHLY PAYMENTS: 5 400,887.98
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 1,558,972.96
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 17,313,553.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 161
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 130,179.98
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 248,140.41
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 84.41004760 % 15.58995240 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 84.17514620 % 15.82485380 %
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 11.00071718
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 323.03
POOL TRADING FACTOR: 22.43306668
................................................................................
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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 22,526,177.35 7.040000 % 1,516,382.16
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 352,608.35 205,760.48 0.000000 % 746.61
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 3,101,751.23 7.980000 % 2,891.69
B-2 904,165.00 872,368.32 7.980000 % 813.29
B-3 904,163.45 516,797.64 7.980000 % 481.81
SPRED 0.00 0.00 1.704270 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 53,309,588.02 1,521,315.56
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 131,993.25 1,648,375.41 0.00 0.00 21,009,795.19
A-3 74,010.11 74,010.11 0.00 0.00 12,000,000.00
A-4 93,563.13 93,563.13 0.00 0.00 14,086,733.00
A-5 0.00 746.61 0.00 0.00 205,013.87
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 20,601.63 23,493.32 0.00 0.00 3,098,859.54
B-2 5,794.21 6,607.50 0.00 0.00 871,555.03
B-3 3,432.53 3,914.34 0.00 0.00 516,315.83
SPRED 75,619.74 75,619.74 0.00 0.00 0.00
- -------------------------------------------------------------------------------
405,014.60 1,926,330.16 0.00 0.00 51,788,272.46
===============================================================================
_______________________________________________________________________________
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-2 804.506334 54.156506 4.714045 58.870551 0.000000 750.349828
A-3 1000.000000 0.000000 6.167509 6.167509 0.000000 1000.000000
A-4 1000.000000 0.000000 6.641933 6.641933 0.000000 1000.000000
A-5 583.538308 2.117392 0.000000 2.117392 0.000000 581.420916
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-1 964.833097 0.899491 6.408359 7.307850 0.000000 963.933606
B-2 964.833100 0.899493 6.408355 7.307848 0.000000 963.933607
B-3 571.575460 0.532868 3.796360 4.329228 0.000000 571.042581
SPRED 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:40:54 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 20,353.74
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 54,522.34
MASTER SERVICER ADVANCES THIS MONTH 12,325.95
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 16 1,806,910.41
(B) TWO MONTHLY PAYMENTS: 11 1,050,923.86
(C) THREE OR MORE MONTHLY PAYMENTS: 11 978,356.87
FORECLOSURES
NUMBER OF LOANS 23
AGGREGATE PRINCIPAL BALANCE 2,489,888.69
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 51,788,272.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 534
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 1,304,686.61
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,471,338.29
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 91.54313840 % 8.45686160 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 91.30196400 % 8.69803600 %
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 9.79405669
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 303.49
POOL TRADING FACTOR: 51.54976418
................................................................................
Run: 12/01/98 15:40:58 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 39,746,662.34 5.662500 % 2,621,706.38
R 0.00 3,379,499.47 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 43,126,161.81 2,621,706.38
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 182,645.59 2,804,351.97 0.00 0.00 37,124,955.96
R 0.00 0.00 150,797.78 0.00 3,530,297.25
- -------------------------------------------------------------------------------
182,645.59 2,804,351.97 150,797.78 0.00 40,655,253.21
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 276.535056 18.240367 1.270746 19.511113 0.000000 258.294689
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:40:59 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 16,829.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 65,106.91
MASTER SERVICER ADVANCES THIS MONTH 11,002.58
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 14 2,149,848.69
(B) TWO MONTHLY PAYMENTS: 7 863,070.67
(C) THREE OR MORE MONTHLY PAYMENTS: 10 1,218,838.08
FORECLOSURES
NUMBER OF LOANS 28
AGGREGATE PRINCIPAL BALANCE 2,736,995.60
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 40,655,253.21
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 351
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 11
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,108,672.57
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,376,774.25
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.16369060 % 7.83630940 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 91.31650410 % 8.68349590 %
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 10.94441355
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 326.95
POOL TRADING FACTOR: 28.28565233
................................................................................
Run: 12/01/98 15:53:46 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 19,729,378.39 7.300000 % 1,723,320.72
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 67,995,664.41 5.519380 % 3,425,588.92
R 1,035.81 6,999,328.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 120,919,371.36 5,148,909.64
===============================================================================
_______________________________________________________________________________
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-2 119,069.72 1,842,390.44 0.00 0.00 18,006,057.67
A-I-3 46,957.28 46,957.28 0.00 0.00 7,449,000.00
A-I-4 76,251.62 76,251.62 0.00 0.00 11,675,000.00
A-I-5 47,058.91 47,058.91 0.00 0.00 7,071,000.00
A-II 307,322.93 3,732,911.85 0.00 0.00 64,570,075.49
R 197,128.51 197,128.51 0.00 0.00 6,999,328.56
- -------------------------------------------------------------------------------
793,788.97 5,942,698.61 0.00 0.00 115,770,461.72
===============================================================================
_______________________________________________________________________________
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-2 560.445939 48.953803 3.382374 52.336177 0.000000 511.492136
A-I-3 1000.000000 0.000000 6.303837 6.303837 0.000000 1000.000000
A-I-4 1000.000000 0.000000 6.531188 6.531188 0.000000 1000.000000
A-I-5 1000.000000 0.000000 6.655199 6.655199 0.000000 1000.000000
A-II 304.887316 15.360077 1.378012 16.738089 0.000000 289.527240
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:53:46 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 48,295.26
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 181,215.73
MASTER SERVICER ADVANCES THIS MONTH 18,475.80
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 4,404,750.31
(B) TWO MONTHLY PAYMENTS: 25 3,928,007.80
(C) THREE OR MORE MONTHLY PAYMENTS: 26 3,167,536.87
FORECLOSURES
NUMBER OF LOANS 70
AGGREGATE PRINCIPAL BALANCE 8,422,316.05
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 115,770,461.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,099
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 18
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,097,145.61
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,628,904.38
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.21157380 % 5.78842620 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.95413260 % 6.04586740 %
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 10.62388900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 322.81
POOL TRADING FACTOR: 36.41244274
................................................................................
Run: 12/01/98 15:42:18 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 67,042,979.30 5.494380 % 6,216,730.10
R 0.40 5,000,293.96 0.000000 % 0.00
- -------------------------------------------------------------------------------
200,011,758.40 72,043,273.26 6,216,730.10
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 306,966.34 6,523,696.44 0.00 0.00 60,826,249.20
R 235,604.35 235,604.35 0.00 0.00 5,000,293.96
- -------------------------------------------------------------------------------
542,570.69 6,759,300.79 0.00 0.00 65,826,543.16
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 335.195190 31.081823 1.534741 32.616564 0.000000 304.113367
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:42:19 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 27,996.48
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 117,128.22
MASTER SERVICER ADVANCES THIS MONTH 13,067.62
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 3,322,424.40
(B) TWO MONTHLY PAYMENTS: 6 636,178.24
(C) THREE OR MORE MONTHLY PAYMENTS: 26 3,246,066.69
FORECLOSURES
NUMBER OF LOANS 47
AGGREGATE PRINCIPAL BALANCE 5,561,600.87
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 65,826,543.16
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 552
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 12
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,403,800.12
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,553,213.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.05931880 % 6.94068130 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.40383330 % 7.59616670 %
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 11.02685956
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.95
POOL TRADING FACTOR: 32.91133666
................................................................................
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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 52,000,000.00 688,979.32 5.359380 % 688,979.32
A-I-2 76110WBE5 32,000,000.00 32,000,000.00 7.070000 % 2,671,514.61
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 64,709,718.24 5.459380 % 3,035,377.66
R 1.60 5,622,630.12 0.000000 % 0.00
- -------------------------------------------------------------------------------
273,602,645.60 140,764,928.68 6,395,871.59
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 3,077.08 692,056.40 0.00 0.00 0.00
A-I-2 188,533.33 2,860,047.94 0.00 0.00 29,328,485.39
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 294,395.78 3,329,773.44 0.00 0.00 61,674,340.58
R 178,826.30 178,826.30 0.00 0.00 5,622,630.12
- -------------------------------------------------------------------------------
901,981.28 7,297,852.87 0.00 0.00 134,369,057.09
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 13.249602 13.249602 0.059175 13.308777 0.000000 0.000000
A-I-2 1000.000000 83.484832 5.891667 89.376499 0.000000 916.515168
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 426.116990 19.988126 1.938612 21.926738 0.000000 406.128864
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:53:49 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 56,160.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 171,743.13
MASTER SERVICER ADVANCES THIS MONTH 17,382.95
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 4,662,118.63
(B) TWO MONTHLY PAYMENTS: 28 2,717,646.38
(C) THREE OR MORE MONTHLY PAYMENTS: 30 2,979,520.57
FORECLOSURES
NUMBER OF LOANS 83
AGGREGATE PRINCIPAL BALANCE 8,288,047.27
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 134,369,057.09
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,424
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 1,793,659.55
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,431,560.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 270,373.85
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.00565980 % 3.99434020 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.81553210 % 4.18446790 %
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 10.54114500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 302.47
POOL TRADING FACTOR: 49.11102259
................................................................................
Run: 12/01/98 15:53:50 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 250,104,875.00 137,059,659.60 5.464380 % 5,088,188.85
A-II 76110WBL9 115,163,718.00 45,303,873.55 5.459380 % 2,817,793.74
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
- -------------------------------------------------------------------------------
365,268,593.59 191,495,247.99 7,905,982.59
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 623,530.10 5,711,718.95 0.00 0.00 131,971,470.75
A-II 206,109.22 3,023,902.96 0.00 0.00 42,486,079.81
SB-I 332,194.09 332,194.09 0.00 0.00 6,252,621.88
SB-II 197,080.63 197,080.63 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
- -------------------------------------------------------------------------------
1,358,914.04 9,264,896.63 0.00 0.00 183,589,265.40
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 548.008749 20.344221 2.493075 22.837296 0.000000 527.664528
A-II 393.386688 24.467721 1.789706 26.257427 0.000000 368.918966
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:53:51 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 77,003.08
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 216,488.20
MASTER SERVICER ADVANCES THIS MONTH 23,537.65
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 5,721,341.13
(B) TWO MONTHLY PAYMENTS: 25 2,650,055.78
(C) THREE OR MORE MONTHLY PAYMENTS: 35 4,825,472.06
FORECLOSURES
NUMBER OF LOANS 91
AGGREGATE PRINCIPAL BALANCE 11,543,547.92
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 183,589,265.40
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,535
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 24
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,642,617.67
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,377,344.37
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.23136220 % 4.76863780 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.02600830 % 4.97399170 %
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 10.41783600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.44
POOL TRADING FACTOR: 50.26144285
................................................................................
Run: 12/01/98 15:53:53 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 8,524,043.53 5.314380 % 5,329,957.73
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 90,622,106.34 5.449380 % 4,259,822.54
A-II-2 76110WBW5 60,012,000.00 34,411,900.38 5.429380 % 1,654,758.37
M-II-1 76110WBZ8 15,751,000.00 15,751,000.00 5.639380 % 0.00
M-II-2 76110WCA2 9,226,000.00 9,226,000.00 5.799380 % 0.00
B-II 76110WCC8 5,901,000.00 5,901,000.00 6.269380 % 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
- -------------------------------------------------------------------------------
450,045,157.80 296,978,490.25 11,244,538.64
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 37,750.01 5,367,707.74 0.00 0.00 3,194,085.80
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-1 411,528.58 4,671,351.12 0.00 0.00 86,362,283.80
A-II-2 155,696.07 1,810,454.44 0.00 0.00 32,757,142.01
M-II-1 74,021.56 74,021.56 0.00 0.00 15,751,000.00
M-II-2 44,587.57 44,587.57 0.00 0.00 9,226,000.00
B-II 30,829.68 30,829.68 0.00 0.00 5,901,000.00
SB-I 364,956.22 364,956.22 0.00 0.00 2,000,420.00
SB-II 561,384.18 561,384.18 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
- -------------------------------------------------------------------------------
2,402,377.89 13,646,916.53 0.00 0.00 285,733,951.61
===============================================================================
Run: 12/01/98 15:53:53
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-1 114.416692 71.543057 0.506712 72.049769 0.000000 42.873635
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-1 569.552742 26.772646 2.586424 29.359070 0.000000 542.780096
A-II-2 573.416990 27.573791 2.594416 30.168207 0.000000 545.843198
M-II-1 1000.000000 0.000000 4.699483 4.699483 0.000000 1000.000000
M-II-2 1000.000000 0.000000 4.832817 4.832817 0.000000 1000.000000
B-II 1000.000000 0.000000 5.224484 5.224484 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:53:54 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 120,284.02
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 232,990.07
MASTER SERVICER ADVANCES THIS MONTH 21,571.43
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 96 7,868,702.58
(B) TWO MONTHLY PAYMENTS: 47 4,059,337.34
(C) THREE OR MORE MONTHLY PAYMENTS: 52 4,489,396.50
FORECLOSURES
NUMBER OF LOANS 117
AGGREGATE PRINCIPAL BALANCE 8,806,729.85
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 285,733,951.61
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,005
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 2,323,041.17
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 10,996,547.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 57,972.97
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 81.85645030 % 0.00000000 % 18.14354970 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 81.14244400 % 0.00000000 % 18.85755600 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE **,***,***.**
SPECIAL HAZARD AMOUNT AVAILABLE 60,012,900.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.36702300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 318.30
POOL TRADING FACTOR: 63.49006242
................................................................................
Run: 12/01/98 15:53:55 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 36,894,528.34 5.359380 % 4,206,812.68
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 200,060,000.00 143,686,912.92 5.439380 % 5,319,122.55
A-II-2 76110WCN4 200,020,000.00 146,996,158.17 5.414380 % 10,183,519.11
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
- -------------------------------------------------------------------------------
600,136,273.41 457,836,767.21 19,709,454.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 164,776.50 4,371,589.18 0.00 0.00 32,687,715.66
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-1 651,306.43 5,970,428.98 0.00 0.00 138,367,790.37
A-II-2 663,244.22 10,846,763.33 0.00 0.00 136,812,639.06
SB-I 441,340.54 441,340.54 0.00 0.00 2,000,557.69
SB-II 1,040,394.57 1,040,394.57 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
- -------------------------------------------------------------------------------
3,631,357.14 23,340,811.48 0.00 0.00 438,127,312.87
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 462.349036 52.718272 2.064920 54.783192 0.000000 409.630763
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-1 718.219099 26.587636 3.255555 29.843191 0.000000 691.631462
A-II-2 734.907300 50.912504 3.315890 54.228394 0.000000 683.994796
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:53:56 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 186,040.73
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 345,246.29
MASTER SERVICER ADVANCES THIS MONTH 11,969.23
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 154 14,356,352.41
(B) TWO MONTHLY PAYMENTS: 54 4,765,230.46
(C) THREE OR MORE MONTHLY PAYMENTS: 62 5,726,969.59
FORECLOSURES
NUMBER OF LOANS 126
AGGREGATE PRINCIPAL BALANCE 14,427,518.11
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 438,127,312.87
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,437
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 1,337,937.89
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 19,335,270.06
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.81534200 % 2.18465810 %
CURRENT PREPAYMENT PERCENTAGE 0.00000000 % 100.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.71706360 % 2.28293640 %
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 10.30325700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.49
POOL TRADING FACTOR: 73.00463783
................................................................................
Run: 12/01/98 15:54:02 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 21,841,684.13 6.940000 % 7,430,414.80
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 150,000,000.00 125,086,787.25 5.439380 % 4,366,319.60
A-II-2 76110WDB9 325,000,000.00 281,864,854.34 5.414380 % 9,809,093.21
SB-I 76110WDC7 33.88 3,424,032.30 0.000000 % 0.00
SB-II 76110WDD5 73,292.19 8,787,434.13 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
- -------------------------------------------------------------------------------
855,521,326.07 751,452,792.15 21,605,827.61
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 126,317.74 7,556,732.54 0.00 0.00 14,411,269.33
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-1 566,995.47 4,933,315.07 0.00 0.00 120,720,467.65
A-II-2 1,271,769.53 11,080,862.74 0.00 0.00 272,055,761.13
SB-I 798,512.08 798,512.08 0.00 0.00 3,424,032.30
SB-II 0.00 0.00 1,374,567.88 0.00 10,162,002.01
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
- -------------------------------------------------------------------------------
4,439,466.05 26,045,293.66 1,374,567.88 0.00 731,221,532.42
===============================================================================
Run: 12/01/98 15:54:02
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-1 312.024059 106.148783 1.804539 107.953322 0.000000 205.875276
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-1 833.911915 29.108797 3.779970 32.888767 0.000000 804.803118
A-II-2 867.276475 30.181825 3.913137 34.094962 0.000000 837.094650
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:54:02 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 308,842.28
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 331,901.95
MASTER SERVICER ADVANCES THIS MONTH 3,023.81
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 190 17,180,381.49
(B) TWO MONTHLY PAYMENTS: 59 4,908,836.55
(C) THREE OR MORE MONTHLY PAYMENTS: 76 6,106,994.56
FORECLOSURES
NUMBER OF LOANS 99
AGGREGATE PRINCIPAL BALANCE 10,355,757.09
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 731,221,532.42
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 7,414
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 344,883.50
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 19,570,874.96
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 185,902.12
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.37495230 % 1.62504770 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.14200840 % 1.85799160 %
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 10.00938900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.54
POOL TRADING FACTOR: 85.47087140
................................................................................
Run: 12/01/98 15:54:04 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 43,792,639.75 6.775000 % 6,025,334.38
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 370,000,000.00 344,824,802.74 5.384380 % 8,124,311.26
A-II-2 76110WDM5 75,000,000.00 68,834,254.42 5.369380 % 1,619,567.11
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 4,970,219.64 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
- -------------------------------------------------------------------------------
846,983,489.79 802,203,070.61 15,769,212.75
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 247,245.95 6,272,580.33 0.00 0.00 37,767,305.37
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 1,547,223.14 9,671,534.40 0.00 0.00 336,700,491.48
A-II-2 307,997.72 1,927,564.83 0.00 0.00 67,214,687.31
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 899,228.16 899,228.16 0.00 0.00 0.00
SB-II 0.00 0.00 1,345,082.69 0.00 6,315,302.33
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
4,887,616.44 20,656,829.19 1,345,082.69 0.00 787,778,940.55
===============================================================================
Run: 12/01/98 15:54:04
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-1 706.332899 97.182813 3.987838 101.170651 0.000000 609.150087
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-1 931.958926 21.957598 4.181684 26.139282 0.000000 910.001328
A-II-2 917.790059 21.594228 4.106636 25.700864 0.000000 896.195831
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 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:54:05 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 331,407.07
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 459,859.70
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 289 24,874,855.47
(B) TWO MONTHLY PAYMENTS: 123 10,749,136.78
(C) THREE OR MORE MONTHLY PAYMENTS: 166 12,585,036.23
FORECLOSURES
NUMBER OF LOANS 44
AGGREGATE PRINCIPAL BALANCE 3,871,350.46
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 787,778,940.55
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 8,561
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 13,774,138.52
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 116,629.58
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.61666460 % 5.13386200 % 3.24947320 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.29242320 % 5.22786252 % 3.47971430 %
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 10.03085200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.30
POOL TRADING FACTOR: 93.00995238
................................................................................
Run: 12/01/98 15:54:40 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
HOME EQUITY MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES
SERIES 1998-KS3(POOL # 4330)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4330
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110WDZ6 169,000,000.00 165,611,004.14 5.349380 % 6,982,736.37
A-I-2 76110WEA0 53,000,000.00 53,000,000.00 5.830000 % 0.00
A-I-3 76110WEB8 73,000,000.00 73,000,000.00 5.910000 % 0.00
A-I-4 76110WEC6 25,000,000.00 25,000,000.00 6.035000 % 0.00
A-I-5 76110WED4 36,000,000.00 36,000,000.00 6.160000 % 0.00
A-I-6 76110WEE2 49,121,000.00 49,121,000.00 5.719380 % 0.00
A-I-7 76110WEF9 45,000,000.00 45,000,000.00 5.980000 % 0.00
A-II 76110WEG7 425,000,000.00 419,280,624.02 5.419380 % 6,535,276.28
SB-I 84.30 1,319,268.47 0.000000 % 0.00
SB-II 129,754.99 1,286,904.06 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-III 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
875,250,839.29 868,618,800.69 13,518,012.65
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 738,263.49 7,720,999.86 0.00 0.00 158,628,267.77
A-I-2 257,491.67 257,491.67 0.00 0.00 53,000,000.00
A-I-3 359,525.00 359,525.00 0.00 0.00 73,000,000.00
A-I-4 125,729.17 125,729.17 0.00 0.00 25,000,000.00
A-I-5 184,800.00 184,800.00 0.00 0.00 36,000,000.00
A-I-6 234,118.05 234,118.05 0.00 0.00 49,121,000.00
A-I-7 224,250.00 224,250.00 0.00 0.00 45,000,000.00
A-II 1,893,534.19 8,428,810.47 0.00 0.00 412,745,347.74
SB-I 0.00 0.00 1,373,334.31 0.00 2,692,602.78
SB-II 0.00 0.00 1,312,032.84 0.00 2,598,936.90
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
- -------------------------------------------------------------------------------
4,017,711.57 17,535,724.22 2,685,367.15 0.00 857,786,155.19
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 979.946770 41.317967 4.368423 45.686390 0.000000 938.628803
A-I-2 1000.000000 0.000000 4.858333 4.858333 0.000000 1000.000000
A-I-3 1000.000000 0.000000 4.925000 4.925000 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.029167 5.029167 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.133333 5.133333 0.000000 1000.000000
A-I-6 1000.000000 0.000000 4.766150 4.766150 0.000000 1000.000000
A-I-7 1000.000000 0.000000 4.983333 4.983333 0.000000 1000.000000
A-II 986.542645 15.377121 4.455375 19.832496 0.000000 971.165524
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:54:41 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
HOME EQUITY MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES
1998-KS3 (POOL # 4330)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4330
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 359,816.62
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 19,127.65
SUBSERVICER ADVANCES THIS MONTH 357,039.64
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 321 28,820,682.31
(B) TWO MONTHLY PAYMENTS: 105 9,315,324.77
(C) THREE OR MORE MONTHLY PAYMENTS: 44 3,488,005.33
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 857,786,155.19
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 9,482
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 10,003,843.88
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 215,611.73
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.69996360 % 0.30003640 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.38311670 % 0.61688330 %
BANKRUPTCY AMOUNT AVAILABLE 375,746.00
FRAUD AMOUNT AVAILABLE 26,257,525.18
SPECIAL HAZARD AMOUNT AVAILABLE 8,752,509.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.96265900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.75
POOL TRADING FACTOR: 98.00460813
................................................................................
