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)
April 25, 1998
RESIDENTIAL ASSET SECURITIES CORP
(Exact name of the registrant as specified in its charter)
33-56893;
Delaware 333-28791 51-0362653
(State or other (Commission File Number) (I.R.S Employee
jurisdiction of Identification No.)
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the April 1998 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-KS1 RASC
1995-KS2 RASC
<PAGE>
1995-KS3 RASC 1995-KS4 RASC 1996-KS1 RASC 1996-KS2 RASC 1996-KS3 RASC 1996-KS4
RASC 1996-KS5 RASC 1997-KS1 RASC 1997-KS2 RASC 1997-KS3 RASC 1995-K1 RASC
1997-KS4 GR1RASC 1997-KS4GR2 RASC 1997-KS4 GR1RASC 1997-KS4GR2 RASC 1997-KS4
GR1RASC 1997-KS4 GR2RASC 1997-KS4GRP2RASC 1998-KS1 RASC ->
Item 7. Financial Statements and Exhibits
(a) See attached monthly reports
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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 23,388,489.39 6.400000 % 970,367.06
R 0.00 2,006,131.70 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 25,394,621.09 970,367.06
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 132,013.55 1,102,380.61 0.00 0.00 22,418,122.33
R 0.00 0.00 83,463.40 0.00 2,089,595.10
- -------------------------------------------------------------------------------
132,013.55 1,102,380.61 83,463.40 0.00 24,507,717.43
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 247.890557 10.284753 1.399189 11.683942 0.000000 237.605804
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-KS1 (POOL # 4173)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4173
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 9,517.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 414.93
SUBSERVICER ADVANCES THIS MONTH 40,132.63
MASTER SERVICER ADVANCES THIS MONTH 2,213.99
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 1,855,309.48
(B) TWO MONTHLY PAYMENTS: 3 255,855.64
(C) THREE OR MORE MONTHLY PAYMENTS: 7 681,858.15
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 1,509,974.87
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 24,507,717.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 239
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 280,476.63
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 873,223.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.10017080 % 7.89982920 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 91.47372620 % 8.52627380 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 330,005.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,238,927.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.90015154
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 320.93
POOL TRADING FACTOR: 25.97530612
................................................................................
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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 29,336,634.01 6.250000 % 77,797.81
R 0.00 3,058,384.09 0.000000 % 1,179,473.04
- -------------------------------------------------------------------------------
105,461,520.00 32,395,018.10 1,257,270.85
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 157,413.47 235,211.28 0.00 0.00 29,258,836.20
R 110,435.50 1,289,908.54 0.00 0.00 1,878,911.05
- -------------------------------------------------------------------------------
267,848.97 1,525,119.82 0.00 0.00 31,137,747.25
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 278.173821 0.737689 1.492615 2.230304 0.000000 277.436132
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-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 12,540.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 55,354.94
MASTER SERVICER ADVANCES THIS MONTH 1,702.45
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,741,320.73
(B) TWO MONTHLY PAYMENTS: 8 893,901.10
(C) THREE OR MORE MONTHLY PAYMENTS: 3 224,302.57
FORECLOSURES
NUMBER OF LOANS 14
AGGREGATE PRINCIPAL BALANCE 1,094,486.18
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 31,137,747.25
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 303
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 174,284.94
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,240,122.96
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 90.55909130 % 9.44090870 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.96580930 % 6.03419070 %
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 10.59923509
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 324.13
POOL TRADING FACTOR: 29.52522126
................................................................................
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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 8,209,023.61 8.000000 % 920,755.28
A3-I 76110WAF3 19,819,000.00 19,819,000.00 8.000000 % 0.00
A4-I 76110WAG1 16,482,000.00 16,482,000.00 8.000000 % 0.00
A5-I 76110WAH9 11,122,743.00 11,122,743.00 8.000000 % 0.00
A-II 76110WAJ5 41,561,444.00 17,797,670.46 8.000000 % 258,369.93
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 1,107,771.31 8.120000 % 2,221.62
B2-I 760,800.00 0.00 8.120000 % 0.00
B3-I 988,100.00 0.00 8.120000 % 0.00
B1-I 1,125,622.41 940,000.65 8.120000 % 1,035.14
B2-I 259,759.02 0.00 8.120000 % 0.00
B3-I 346,345.37 0.00 8.120000 % 0.00
SPRE 0.00 0.00 1.988697 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 75,478,209.03 1,182,381.97
===============================================================================
_______________________________________________________________________________
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 54,714.28 975,469.56 0.00 0.00 7,288,268.33
A3-I 132,096.40 132,096.40 0.00 0.00 19,819,000.00
A4-I 109,854.83 109,854.83 0.00 0.00 16,482,000.00
A5-I 74,134.63 74,134.63 0.00 0.00 11,122,743.00
A-II 118,489.20 376,859.13 0.00 0.00 17,539,300.53
R 0.00 0.00 0.00 0.00 0.00
B1-I 7,494.20 9,715.82 0.00 0.00 968,733.11
B2-I 0.00 0.00 0.00 0.00 0.00
B3-I 0.00 0.00 0.00 0.00 0.00
B1-II 6,351.99 7,387.13 0.00 0.00 938,965.51
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 125,021.51 125,021.51 0.00 0.00 0.00
- -------------------------------------------------------------------------------
628,157.04 1,810,539.01 0.00 0.00 74,159,010.48
===============================================================================
_______________________________________________________________________________
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 312.367717 35.036350 2.081974 37.118324 0.000000 277.331367
A3-I 1000.000000 0.000000 6.665140 6.665140 0.000000 1000.000000
A4-I 1000.000000 0.000000 6.665140 6.665140 0.000000 1000.000000
A5-I 1000.000000 0.000000 6.665139 6.665139 0.000000 1000.000000
A-II 428.225508 6.216577 2.850940 9.067517 0.000000 422.008930
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 569.112765 1.141348 3.850113 4.991461 0.000000 497.682483
B2-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B3-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 835.094115 0.919616 5.643091 6.562707 0.000000 834.174503
B2-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B3-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-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 21,668.49
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 100,914.22
MASTER SERVICER ADVANCES THIS MONTH 18,246.09
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 4,313,350.98
(B) TWO MONTHLY PAYMENTS: 8 1,888,504.84
(C) THREE OR MORE MONTHLY PAYMENTS: 3 986,227.51
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 3,074,501.86
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 74,159,010.48
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 315
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 1,958,387.16
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 872,634.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.28693620 % 2.71306380 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.42755650 % 2.57244350 %
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 10.26199800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 226.70
POOL TRADING FACTOR: 47.23582015
................................................................................
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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 42,200,819.89 6.250000 % 3,033,147.27
R 4,664,765.74 6,219,687.28 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 48,420,507.17 3,033,147.27
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 222,828.80 3,255,976.07 0.00 0.00 39,167,672.62
R 122,069.75 122,069.75 0.00 0.00 6,219,687.28
- -------------------------------------------------------------------------------
344,898.55 3,378,045.82 0.00 0.00 45,387,359.90
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 426.285165 30.638876 2.250871 32.889747 0.000000 395.646289
R 1333.333253 0.000000 26.168463 26.168463 0.000000 1333.333253
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-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 17,130.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 73,191.33
MASTER SERVICER ADVANCES THIS MONTH 5,222.92
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 48 5,007,765.94
(B) TWO MONTHLY PAYMENTS: 8 703,858.17
(C) THREE OR MORE MONTHLY PAYMENTS: 4 408,091.05
FORECLOSURES
NUMBER OF LOANS 22
AGGREGATE PRINCIPAL BALANCE 2,227,393.50
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 45,387,359.90
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 475
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 4
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 575,576.27
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,625,630.99
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 61,279.25
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 87.15484900 % 12.84515100 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 86.29643300 % 13.70356700 %
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 10.41567251
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 310.60
POOL TRADING FACTOR: 43.78422048
................................................................................
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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 24,053,353.16 6.150000 % 1,266,429.94
R 0.00 2,739,844.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
77,178,720.00 26,793,197.72 1,266,429.94
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 125,189.75 1,391,619.69 0.00 0.00 22,786,923.22
R 67,586.56 67,586.56 0.00 0.00 2,739,844.56
- -------------------------------------------------------------------------------
192,776.31 1,459,206.25 0.00 0.00 25,526,767.78
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 311.657840 16.409056 1.622076 18.031132 0.000000 295.248784
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-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 10,642.02
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 74,222.17
MASTER SERVICER ADVANCES THIS MONTH 1,109.14
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 5,242,368.01
(B) TWO MONTHLY PAYMENTS: 6 638,277.88
(C) THREE OR MORE MONTHLY PAYMENTS: 1 28,547.92
FORECLOSURES
NUMBER OF LOANS 19
AGGREGATE PRINCIPAL BALANCE 2,536,039.09
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 25,526,767.78
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 220
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 118,236.40
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 966,316.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 89.77410390 % 10.22589610 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 89.26677840 % 10.73322160 %
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 10.90269126
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.45
POOL TRADING FACTOR: 33.07487839
................................................................................
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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 7,530,713.20 6.770000 % 2,725,484.00
A-2 76110WAP1 28,000,000.00 28,000,000.00 7.040000 % 0.00
A-3 76110WAQ9 12,000,000.00 12,000,000.00 7.410000 % 0.00
A-4 76110WAR7 14,086,733.00 14,086,733.00 7.980000 % 0.00
A-5 76110WAU0 352,608.35 316,056.63 0.000000 % 21,426.25
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 3,120,781.24 7.980000 % 2,599.22
B-2 904,165.00 877,720.52 7.980000 % 731.03
B-3 904,163.45 800,444.21 7.980000 % 666.66
SPRE 0.00 0.00 1.822665 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 66,732,448.80 2,750,907.16
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 42,430.38 2,767,914.38 0.00 0.00 4,805,229.20
A-2 164,052.50 164,052.50 0.00 0.00 28,000,000.00
A-3 74,003.39 74,003.39 0.00 0.00 12,000,000.00
A-4 93,554.63 93,554.63 0.00 0.00 14,086,733.00
A-5 0.00 21,426.25 0.00 0.00 294,630.38
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 20,726.14 23,325.36 0.00 0.00 3,118,182.02
B-2 5,829.23 6,560.26 0.00 0.00 876,989.49
B-3 5,316.01 5,982.67 0.00 0.00 759,780.79
SPRED 101,226.92 101,226.92 0.00 0.00 0.00
- -------------------------------------------------------------------------------
507,139.20 3,258,046.36 0.00 0.00 63,941,544.88
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 183.675932 66.475220 1.034887 67.510107 0.000000 117.200712
A-2 1000.000000 0.000000 5.859018 5.859018 0.000000 1000.000000
A-3 1000.000000 0.000000 6.166949 6.166949 0.000000 1000.000000
A-4 1000.000000 0.000000 6.641329 6.641329 0.000000 1000.000000
A-5 896.339040 60.765010 0.000000 60.765010 0.000000 835.574030
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-1 970.752587 0.808515 6.447089 7.255604 0.000000 969.944071
B-2 970.752595 0.808514 6.447087 7.255601 0.000000 969.944081
B-3 885.287068 0.737322 5.879479 6.616801 0.000000 840.313541
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:22:14 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 25,893.06
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 109,045.91
MASTER SERVICER ADVANCES THIS MONTH 8,707.25
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 65 6,617,642.88
(B) TWO MONTHLY PAYMENTS: 20 2,826,946.38
(C) THREE OR MORE MONTHLY PAYMENTS: 3 312,895.77
FORECLOSURES
NUMBER OF LOANS 34
AGGREGATE PRINCIPAL BALANCE 3,591,272.49
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 63,941,544.88
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 642
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 906,821.30
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,525,553.60
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.77445550 % 7.22554450 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.52917080 % 7.47082920 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,663,458.00
SPECIAL HAZARD AMOUNT AVAILABLE 877,779.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.79488840
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 312.51
POOL TRADING FACTOR: 63.64706531
................................................................................
Run: 04/26/98 12:22:17 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 62,931,498.77 6.100000 % 3,374,269.20
R 0.00 3,593,275.20 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 66,524,773.97 3,374,269.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 347,024.48 3,721,293.68 0.00 0.00 59,557,229.57
R 70,381.11 70,381.11 0.00 0.00 3,593,275.20
- -------------------------------------------------------------------------------
417,405.59 3,791,674.79 0.00 0.00 63,150,504.77
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 437.842186 23.476279 2.414402 25.890681 0.000000 414.365908
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:22:17 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 25,729.94
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 121,580.76
MASTER SERVICER ADVANCES THIS MONTH 23,116.89
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 70 7,451,415.12
(B) TWO MONTHLY PAYMENTS: 11 1,324,378.10
(C) THREE OR MORE MONTHLY PAYMENTS: 5 789,292.08
FORECLOSURES
NUMBER OF LOANS 40
AGGREGATE PRINCIPAL BALANCE 4,268,496.56
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 63,150,504.77
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 512
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 13
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,722,775.95
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,991,367.93
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.59859090 % 5.40140910 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.30998180 % 5.69001820 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,045,090.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,088,173.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.68353281
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.48
POOL TRADING FACTOR: 43.93659075
................................................................................
Run: 04/26/98 12:26:19 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-KS4 (POOL # 4223)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4223
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110WAW6 33,524,000.00 0.00 0.125000 % 0.00
A-I- 76110WAX4 35,203,000.00 35,151,992.64 7.300000 % 3,662,129.87
A-I- 76110WAY2 7,449,000.00 7,449,000.00 7.625000 % 0.00
A-I- 76110WAZ9 11,675,000.00 11,675,000.00 7.900000 % 0.00
A-I- 76110WBA3 7,071,000.00 7,071,000.00 8.050000 % 0.00
A-II 76110WBB1 223,019,000.00 106,495,341.46 5.987500 % 5,099,292.50
R 1,035.81 6,999,328.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 174,841,662.66 8,761,422.37
===============================================================================
_______________________________________________________________________________
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-2 209,134.36 3,871,264.23 0.00 0.00 31,489,862.77
A-I-3 46,290.35 46,290.35 0.00 0.00 7,449,000.00
A-I-4 75,168.62 75,168.62 0.00 0.00 11,675,000.00
A-I-5 46,390.53 46,390.53 0.00 0.00 7,071,000.00
A-II 574,726.19 5,674,018.69 0.00 0.00 101,396,048.96
R 354,219.55 354,219.55 0.00 0.00 6,999,328.56
- -------------------------------------------------------------------------------
1,305,929.60 10,067,351.97 0.00 0.00 166,080,240.29
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 998.551051 104.028914 5.940811 109.969725 0.000000 894.522137
A-I- 1000.000000 0.000000 6.214304 6.214304 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.438426 6.438426 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.560675 6.560675 0.000000 1000.000000
A-II 477.516900 22.864834 2.577028 25.441862 0.000000 454.652065
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:20 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 69,759.05
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 352,492.57
MASTER SERVICER ADVANCES THIS MONTH 20,397.53
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 188 21,279,641.12
(B) TWO MONTHLY PAYMENTS: 34 4,787,071.01
(C) THREE OR MORE MONTHLY PAYMENTS: 10 977,978.92
FORECLOSURES
NUMBER OF LOANS 111
AGGREGATE PRINCIPAL BALANCE 13,910,460.72
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 166,080,240.29
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,521
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 23
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,336,777.86
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,202,751.89
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 89,403.24
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.99676160 % 4.00323840 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.78557420 % 4.21442580 %
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 10.43965900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.66
POOL TRADING FACTOR: 52.23601210
................................................................................
Run: 04/26/98 12:23:07 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 200,011,758.00 105,023,196.73 5.962500 % 5,671,042.48
R 0.40 5,000,293.96 0.000000 % 0.00
- -------------------------------------------------------------------------------
200,011,758.40 110,023,490.69 5,671,042.48
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 567,739.42 6,238,781.90 0.00 0.00 99,352,154.25
R 326,490.99 326,490.99 0.00 0.00 5,000,293.96
- -------------------------------------------------------------------------------
894,230.41 6,565,272.89 0.00 0.00 104,352,448.21
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 525.085114 28.353545 2.838530 31.192075 0.000000 496.731568
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:23:07 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 44,562.24
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 249,253.45
MASTER SERVICER ADVANCES THIS MONTH 5,117.50
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 113 15,638,701.74
(B) TWO MONTHLY PAYMENTS: 35 4,365,092.56
(C) THREE OR MORE MONTHLY PAYMENTS: 12 1,072,562.92
FORECLOSURES
NUMBER OF LOANS 58
AGGREGATE PRINCIPAL BALANCE 7,452,813.24
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 104,352,448.21
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 841
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 581,605.37
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,620,137.57
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.45524880 % 4.54475120 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.20826390 % 4.79173610 %
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 10.61899070
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.93
POOL TRADING FACTOR: 52.17315674
................................................................................
Run: 04/26/98 12:26:22 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-KS1 (POOL # 4241)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4241
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110WBD7 52,000,000.00 23,113,262.54 5.827500 % 5,039,839.26
A-I- 76110WBE5 32,000,000.00 32,000,000.00 7.070000 % 0.00
A-I- 76110WBF2 16,000,000.00 16,000,000.00 7.390000 % 0.00
A-I- 76110WBG0 21,743,601.00 21,743,601.00 7.650000 % 0.00
A-II 76100WBH8 151,859,043.00 101,755,949.84 5.927500 % 7,645,774.18
R 1.60 5,622,630.12 0.000000 % 0.00
- -------------------------------------------------------------------------------
273,602,645.60 200,235,443.50 12,685,613.44
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 123,558.55 5,163,397.81 0.00 0.00 18,073,423.28
A-I-2 188,677.72 188,677.72 0.00 0.00 32,000,000.00
A-I-3 98,608.81 98,608.81 0.00 0.00 16,000,000.00
A-I-4 138,721.66 138,721.66 0.00 0.00 21,743,601.00
A-II 553,542.84 8,199,317.02 0.00 0.00 94,110,175.66
R 452,146.79 452,146.79 0.00 0.00 5,622,630.12
- -------------------------------------------------------------------------------
1,555,256.37 14,240,869.81 0.00 0.00 187,549,830.06
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 444.485818 96.919986 2.376126 99.296112 0.000000 347.565832
A-I- 1000.000000 0.000000 5.896179 5.896179 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.163051 6.163051 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.379884 6.379884 0.000000 1000.000000
A-II 670.068425 50.347836 3.645110 53.992946 0.000000 619.720590
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:23 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 80,060.55
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 322,963.22
MASTER SERVICER ADVANCES THIS MONTH 6,458.32
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 197 19,800,409.63
(B) TWO MONTHLY PAYMENTS: 44 3,853,809.41
(C) THREE OR MORE MONTHLY PAYMENTS: 19 1,570,256.95
FORECLOSURES
NUMBER OF LOANS 102
AGGREGATE PRINCIPAL BALANCE 11,496,205.36
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 187,549,830.06
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,906
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 718,136.38
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 12,302,596.95
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.19199060 % 2.80800940 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.00206070 % 2.99793930 %
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 10.61561200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 315.52
POOL TRADING FACTOR: 68.54825166
................................................................................
Run: 04/26/98 12:26:25 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 250,104,875.00 203,465,617.94 5.932500 % 10,702,823.50
A-II 76110WBL9 115,163,718.00 79,222,634.65 5.927500 % 7,598,819.28
SB-I 0.22 5,463,373.00 0.000000 % 0.00
SB-I 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-II 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
365,268,593.59 291,030,718.55 18,301,642.78
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 1,083,362.65 11,786,186.15 0.00 0.00 192,762,794.44
A-II 401,414.68 8,000,233.96 0.00 0.00 71,623,815.37
SB-I 0.00 0.00 504,336.87 0.00 5,967,709.87
SB-II 261,764.93 261,764.93 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
- -------------------------------------------------------------------------------
1,746,542.26 20,048,185.04 504,336.87 0.00 273,233,412.64
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 813.521200 42.793342 4.331633 47.124975 0.000000 770.727857
A-II 687.913138 65.982754 3.485600 69.468354 0.000000 621.930384
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:26 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 117,269.77
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 367,231.52
MASTER SERVICER ADVANCES THIS MONTH 6,924.23
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 169 20,956,830.95
(B) TWO MONTHLY PAYMENTS: 49 7,661,942.28
(C) THREE OR MORE MONTHLY PAYMENTS: 20 2,311,205.41
FORECLOSURES
NUMBER OF LOANS 102
AGGREGATE PRINCIPAL BALANCE 13,362,873.39
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 273,233,412.64
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,214
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 843,026.21
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 17,664,047.01
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.13347580 % 2.86652420 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.76218120 % 3.23781880 %
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 10.36970300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.43
POOL TRADING FACTOR: 74.80342341
................................................................................
Run: 04/26/98 12:26:28 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-KS3 (POOL # 4259)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4259
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110WBP0 74,500,000.00 47,197,551.80 5.782500 % 6,186,069.77
A-I- 76110WBQ8 20,000,000.00 20,000,000.00 6.550000 % 0.00
A-I- 76110WBR6 32,800,000.00 32,800,000.00 6.680000 % 0.00
A-I- 76110WBS4 16,300,000.00 16,300,000.00 6.900000 % 0.00
A-I- 76110WBT2 22,038,000.00 22,038,000.00 7.250000 % 0.00
A-I- 76110WBU9 18,400,000.00 18,400,000.00 6.900000 % 0.00
M-I- 76110WBX3 9,002,000.00 9,002,000.00 7.150000 % 0.00
M-I- 76110WBY1 4,301,000.00 4,301,000.00 7.350000 % 0.00
B-I 76110WCB0 2,701,000.00 2,701,000.00 7.650000 % 0.00
A-II 76110WBV7 159,111,000.00 136,335,924.74 5.917500 % 4,921,669.81
A-II 76110WBW5 60,012,000.00 51,788,965.96 5.897500 % 1,396,839.21
M-II 76110WBZ8 15,751,000.00 15,751,000.00 6.107500 % 0.00
M-II 76110WCA2 9,226,000.00 9,226,000.00 6.267500 % 0.00
B-II 76110WCC8 5,901,000.00 5,901,000.00 6.737500 % 0.00
SB-I 996.58 2,000,420.00 0.000000 % 0.00
SB-I 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-II 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
450,045,157.80 398,742,882.50 12,504,578.79
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 252,622.28 6,438,692.05 0.00 0.00 41,011,482.03
A-I-2 110,289.65 110,289.65 0.00 0.00 20,000,000.00
A-I-3 184,465.12 184,465.12 0.00 0.00 32,800,000.00
A-I-4 94,689.44 94,689.44 0.00 0.00 16,300,000.00
A-I-5 134,516.75 134,516.75 0.00 0.00 22,038,000.00
A-I-6 106,888.69 106,888.69 0.00 0.00 18,400,000.00
M-I-1 54,188.97 54,188.97 0.00 0.00 9,002,000.00
M-I-2 26,614.81 26,614.81 0.00 0.00 4,301,000.00
B-I 17,396.19 17,396.19 0.00 0.00 2,701,000.00
A-II-1 739,537.18 5,661,206.99 0.00 0.00 131,414,254.93
A-II-2 279,973.31 1,676,812.52 0.00 0.00 50,392,126.75
M-II-1 88,182.63 88,182.63 0.00 0.00 15,751,000.00
M-II-2 53,005.29 53,005.29 0.00 0.00 9,226,000.00
B-II 36,444.82 36,444.82 0.00 0.00 5,901,000.00
SB-I 481,916.49 481,916.49 0.00 0.00 2,000,420.00
SB-II 556,573.28 556,573.28 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
- -------------------------------------------------------------------------------
3,217,304.90 15,721,883.69 0.00 0.00 386,238,303.71
===============================================================================
Run: 04/26/98 12:26:28
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- 633.524185 83.034494 3.390903 86.425397 0.000000 550.489692
A-I- 1000.000000 0.000000 5.514483 5.514483 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.623937 5.623937 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.809168 5.809168 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.103855 6.103855 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.809168 5.809168 0.000000 1000.000000
M-I- 1000.000000 0.000000 6.019659 6.019659 0.000000 1000.000000
M-I- 1000.000000 0.000000 6.188052 6.188052 0.000000 1000.000000
B-I 1000.000000 0.000000 6.440648 6.440648 0.000000 1000.000000
A-II 856.860461 30.932304 4.647932 35.580236 0.000000 825.928157
A-II 862.976837 23.275998 4.665289 27.941287 0.000000 839.700839
M-II 1000.000000 0.000000 5.598542 5.598542 0.000000 1000.000000
M-II 1000.000000 0.000000 5.745208 5.745208 0.000000 1000.000000
B-II 1000.000000 0.000000 6.176041 6.176041 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:29 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 163,565.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 412,096.79
MASTER SERVICER ADVANCES THIS MONTH 2,936.96
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 260 24,843,068.75
(B) TWO MONTHLY PAYMENTS: 76 5,727,444.74
(C) THREE OR MORE MONTHLY PAYMENTS: 39 4,052,493.57
FORECLOSURES
NUMBER OF LOANS 123
AGGREGATE PRINCIPAL BALANCE 11,366,761.61
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 386,238,303.71
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,916
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 3
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 304,568.37
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 12,253,721.53
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.48692120 % 0.00000000 % 13.51307880 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.04943130 % 0.00000000 % 13.95056870 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 60,012,900.00
SPECIAL HAZARD AMOUNT AVAILABLE 60,012,900.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.29510600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 327.62
POOL TRADING FACTOR: 85.82212185
................................................................................
Run: 04/26/98 12:26:30 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-KS4 (POOL # 4272)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4272
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110WCF1 79,798,000.00 69,693,998.30 5.827500 % 4,729,998.57
A-I- 76110WCG9 15,000,000.00 15,000,000.00 6.460000 % 0.00
A-I- 76110WCH7 32,000,000.00 32,000,000.00 6.560000 % 0.00
A-I- 76110WCJ3 30,000,000.00 30,000,000.00 6.720000 % 0.00
A-I- 76110WCK0 23,257,000.00 23,257,000.00 6.980000 % 0.00
A-I- 76110WCL8 20,000,000.00 20,000,000.00 6.680000 % 0.00
A-II 76110WCM6 200,060,000.00 188,886,296.85 5.907500 % 3,634,371.99
A-II 76110WCN4 200,020,000.00 188,621,450.72 5.882500 % 4,602,373.44
SB-I 76110WCQ7 768.84 2,000,557.69 0.000000 % 0.00
SB-I 76110WCP9 504.57 4,385,645.59 0.000000 % 0.00
R-I 0.00 0.00 0.000000 % 0.00
R-II 0.00 0.00 0.000000 % 0.00
R-II 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
600,136,273.41 573,844,949.15 12,966,744.00
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 372,296.63 5,102,295.20 0.00 0.00 64,963,999.73
A-I-2 80,750.00 80,750.00 0.00 0.00 15,000,000.00
A-I-3 174,933.33 174,933.33 0.00 0.00 32,000,000.00
A-I-4 168,000.00 168,000.00 0.00 0.00 30,000,000.00
A-I-5 135,278.22 135,278.22 0.00 0.00 23,257,000.00
A-I-6 111,333.33 111,333.33 0.00 0.00 20,000,000.00
A-II-1 1,022,858.65 4,657,230.64 0.00 0.00 185,251,924.86
A-II-2 1,017,101.88 5,619,475.32 0.00 0.00 184,019,077.28
SB-I 515,527.50 515,527.50 0.00 0.00 2,000,557.69
SB-II 0.00 0.00 923,453.88 0.00 5,309,099.47
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
- -------------------------------------------------------------------------------
3,598,079.54 16,564,823.54 923,453.88 0.00 561,801,659.03
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 873.380264 59.274651 4.665488 63.940139 0.000000 814.105613
A-I- 1000.000000 0.000000 5.383333 5.383333 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.466667 5.466667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.600000 5.600000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.816667 5.816667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.566667 5.566667 0.000000 1000.000000
A-II 944.148240 18.166410 5.112759 23.279169 0.000000 925.981830
A-II 943.012952 23.009566 5.085001 28.094567 0.000000 920.003386
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:31 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 236,697.23
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 505,079.77
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 354 35,176,153.42
(B) TWO MONTHLY PAYMENTS: 91 9,325,555.78
(C) THREE OR MORE MONTHLY PAYMENTS: 52 4,627,525.86
FORECLOSURES
NUMBER OF LOANS 76
AGGREGATE PRINCIPAL BALANCE 9,386,712.77
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 561,801,659.03
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 5,516
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 11,673,912.34
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 55,818.29
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.88712040 % 1.11287960 %
CURRENT PREPAYMENT PERCENTAGE 0.00000000 % 100.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.69889010 % 1.30110990 %
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 10.15502000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 339.53
POOL TRADING FACTOR: 93.61234838
................................................................................
Run: 04/26/98 12:26:36 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- 76110WCR5 70,000,000.00 70,000,000.00 6.940000 % 5,668,830.03
A-I- 76110WCS3 35,000,000.00 35,000,000.00 6.450000 % 0.00
A-I- 76110WCT1 100,000,000.00 100,000,000.00 6.285000 % 0.00
A-I- 76110WCU8 31,000,000.00 31,000,000.00 6.390000 % 0.00
A-I- 76110WCV6 31,000,000.00 31,000,000.00 6.505000 % 0.00
A-I- 76110WCW4 30,000,000.00 30,000,000.00 6.585000 % 0.00
A-I- 76110WCX2 20,000,000.00 20,000,000.00 6.810000 % 0.00
A-I- 76110WCY0 25,448,000.00 25,448,000.00 7.010000 % 0.00
A-I- 76110WCZ7 38,000,000.00 38,000,000.00 6.445000 % 0.00
A-II 76110WDA1 150,000,000.00 150,000,000.00 5.907500 % 1,917,223.83
A-II 76110WDB9 325,000,000.00 325,000,000.00 5.882500 % 4,408,570.97
SB-I 76110WDC7 33.88 33.88 0.000000 % 0.00
SB-I 76110WDD5 73,292.19 73,292.19 0.000000 % 0.00
R-I 0.00 0.00 0.000000 % 0.00
R-II 0.00 0.00 0.000000 % 0.00
R-II 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
855,521,326.07 855,521,326.07 11,994,624.83
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 404,833.33 6,073,663.36 0.00 0.00 64,331,169.97
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-1 787,666.67 2,704,890.50 0.00 0.00 148,082,776.17
A-II-2 1,699,388.89 6,107,959.86 0.00 0.00 320,591,429.03
SB-I 0.00 0.00 905,429.91 0.00 905,463.79
SB-II 0.00 0.00 1,143,960.60 0.00 1,217,252.78
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
- -------------------------------------------------------------------------------
4,567,760.12 16,562,384.95 2,049,390.51 0.00 845,576,091.74
===============================================================================
Run: 04/26/98 12:26:36
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- 1000.000000 80.983286 5.783333 86.766619 0.000000 919.016714
A-I- 1000.000000 0.000000 5.375000 5.375000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.237500 5.237500 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.325000 5.325000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.420833 5.420833 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.487500 5.487500 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.675000 5.675000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.841667 5.841667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.370833 5.370833 0.000000 1000.000000
A-II 1000.000000 12.781492 5.251111 18.032603 0.000000 987.218508
A-II 1000.000000 13.564834 5.228889 18.793723 0.000000 986.435166
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:37 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 354,749.91
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 25,431.58
SUBSERVICER ADVANCES THIS MONTH 492,130.22
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 554 54,449,788.78
(B) TWO MONTHLY PAYMENTS: 68 5,437,351.63
(C) THREE OR MORE MONTHLY PAYMENTS: 4 548,122.92
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 845,576,091.74
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 8,442
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 9,384,528.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 46,486.96
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.99142910 % 0.00857090 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.74896210 % 0.25103790 %
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 9.96946000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.65
POOL TRADING FACTOR: 98.83752350
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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: April 25, 1998
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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: April 25, 1998
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