SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
September 25, 1999
RESIDENTIAL ASSET SECURITIES CORP
(Exact name of the registrant as specified in its charter)
Delaware 333-84939 51-0362653
(State or other (Commission File Number) (I.R.S Employee
jurisdiction of Identification No.)
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the September 1999 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
1998-KS4 RASC 1998-RS1 RASC 1999-KS1 RASC 1999-KS2 RASC 1999-RS1 RASC 1999-RS2
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 on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ASSET SECURITIES CORP
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: September 25, 1999
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ASSET SECURITIES CORP
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
Dated: September 25, 1999
<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 10,508,444.95 6.025000 % 493,141.83
R 0.00 1,936,771.35 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 12,445,216.30 493,141.83
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 57,126.41 550,268.24 0.00 0.00 10,015,303.12
R 0.00 0.00 42,352.13 0.00 1,979,123.48
- -------------------------------------------------------------------------------
57,126.41 550,268.24 42,352.13 0.00 11,994,426.60
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 111.377192 5.226725 0.605473 5.832198 0.000000 106.150467
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
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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
ADDITIONAL RELATED INFORMATION FOR POOL 4173
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 4,757.90
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 10,305.28
MASTER SERVICER ADVANCES THIS MONTH 1,209.51
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 0 0.00
(B) TWO MONTHLY PAYMENTS: 3 141,722.21
(C) THREE OR MORE MONTHLY PAYMENTS: 3 190,624.02
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 839,113.17
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 11,994,426.60
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 122
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 126,375.13
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 324,794.62
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 84.43762400 % 15.56237600 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 83.49964070 % 16.50035930 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 128,494.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,238,927.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.41157178
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 303.63
POOL TRADING FACTOR: 12.71268545
................................................................................
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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 12,415,789.32 5.875000 % 350,250.17
R 0.00 800,027.53 0.000000 % 33,510.15
- -------------------------------------------------------------------------------
105,461,520.00 13,215,816.85 383,760.32
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 66,854.52 417,104.69 0.00 0.00 12,065,539.15
R 16,506.55 50,016.70 0.00 0.00 766,517.38
- -------------------------------------------------------------------------------
83,361.07 467,121.39 0.00 0.00 12,832,056.53
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 117.728147 3.321118 0.633923 3.955041 0.000000 114.407029
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
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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
ADDITIONAL RELATED INFORMATION FOR POOL 4179
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 5,107.54
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 248.50
SUBSERVICER ADVANCES THIS MONTH 3,923.76
MASTER SERVICER ADVANCES THIS MONTH 1,626.42
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 4 273,257.78
(B) TWO MONTHLY PAYMENTS: 2 135,581.31
(C) THREE OR MORE MONTHLY PAYMENTS: 1 30,856.79
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 12,832,056.53
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 154
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 161,582.29
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 311,165.00
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.94643900 % 6.05356100 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.02654300 % 5.97345700 %
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 10.35131731
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 306.19
POOL TRADING FACTOR: 12.16752469
................................................................................
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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 1,518,335.15 8.000000 % 1,518,335.15
A4-I 76110WAG1 16,482,000.00 16,482,000.00 8.000000 % 237,130.32
A5-I 76110WAH9 11,122,743.00 11,122,743.00 8.000000 % 0.00
A-II 76110WAJ5 41,561,444.00 10,215,079.87 8.000000 % 19,303.65
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 125,953.44 8.120000 % 285.59
B2-I 760,800.00 0.00 8.120000 % 0.00
B3-I 988,100.00 0.00 8.120000 % 0.00
B1-II 1,125,622.41 736,148.21 8.120000 % 1,008.14
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 1.972370 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 40,200,259.67 1,776,062.85
===============================================================================
_______________________________________________________________________________
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 9,937.50 1,528,272.65 0.00 0.00 0.00
A4-I 107,874.71 345,005.03 0.00 0.00 16,244,869.68
A5-I 72,798.37 72,798.37 0.00 0.00 11,122,743.00
A-II 68,066.71 87,370.36 0.00 0.00 10,195,776.22
R 0.00 0.00 0.00 0.00 0.00
B1-I 836.73 1,122.32 0.00 0.00 125,667.85
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 4,978.80 5,986.94 0.00 0.00 735,140.07
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 65,187.83 65,187.83 0.00 0.00 0.00
- -------------------------------------------------------------------------------
329,680.65 2,105,743.50 0.00 0.00 38,424,196.82
===============================================================================
_______________________________________________________________________________
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 76.610079 76.610079 0.501413 77.111492 0.000000 0.000000
A4-I 1000.000000 14.387230 6.545001 20.932231 0.000000 985.612770
A5-I 1000.000000 0.000000 6.545002 6.545002 0.000000 1000.000000
A-II 245.782603 0.464461 1.637737 2.102198 0.000000 245.318142
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 64.708040 0.146721 0.429866 0.576587 0.000000 64.561321
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 653.992141 0.895629 4.423153 5.318782 0.000000 653.096514
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-September-99
DISTRIBUTION DATE 27-September-99
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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
ADDITIONAL RELATED INFORMATION FOR POOL 4181
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 11,890.06
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 492.30
SUBSERVICER ADVANCES THIS MONTH 45,101.56
MASTER SERVICER ADVANCES THIS MONTH 4,149.51
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 6 1,275,773.38
(B) TWO MONTHLY PAYMENTS: 1 260,852.64
(C) THREE OR MORE MONTHLY PAYMENTS: 4 925,564.82
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 2,134,933.80
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 38,424,196.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 174
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 415,275.33
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,694,746.16
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.85548240 % 2.14451760 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.75972430 % 2.24027570 %
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 10.09940300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 194.92
POOL TRADING FACTOR: 24.47441570
................................................................................
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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 18,926,459.71 5.875000 % 1,165,895.09
R 4,664,765.74 6,121,026.26 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 25,047,485.97 1,165,895.09
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 101,087.60 1,266,982.69 0.00 0.00 17,760,564.62
R 0.00 0.00 49,271.66 0.00 6,170,297.92
- -------------------------------------------------------------------------------
101,087.60 1,266,982.69 49,271.66 0.00 23,930,862.54
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 191.182755 11.777112 1.021121 12.798233 0.000000 179.405643
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
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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
ADDITIONAL RELATED INFORMATION FOR POOL 4190
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 8,782.94
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 8,931.65
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 5 514,844.49
(B) TWO MONTHLY PAYMENTS: 1 117,356.55
(C) THREE OR MORE MONTHLY PAYMENTS: 1 66,626.41
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 329,017.12
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 23,930,862.54
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 259
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 791,747.64
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 75.56231290 % 24.43768720 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 74.21614910 % 25.78385090 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 333,457.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,063,595.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.16766159
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 293.27
POOL TRADING FACTOR: 23.08559397
................................................................................
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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 9,581,634.45 5.775000 % 400,571.38
R 0.00 1,065,622.26 0.000000 % 309,667.03
- -------------------------------------------------------------------------------
77,178,720.00 10,647,256.71 710,238.41
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 48,697.56 449,268.94 0.00 0.00 9,181,063.07
R 34,211.14 343,878.17 0.00 0.00 755,955.23
- -------------------------------------------------------------------------------
82,908.70 793,147.11 0.00 0.00 9,937,018.30
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 124.148657 5.190179 0.630971 5.821150 0.000000 118.958478
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
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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
ADDITIONAL RELATED INFORMATION FOR POOL 4202
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 4,191.01
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 7,066.51
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 53,942.96
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 3 228,268.31
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 533,128.55
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 9,937,018.30
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 91
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 704,011.11
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 89.99157920 % 10.00842090 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.39253460 % 7.60746540 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 137,385.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,292,750.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.72491813
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 313.08
POOL TRADING FACTOR: 12.87533442
................................................................................
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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 7,586,988.47 7.040000 % 579,337.41
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 352,608.35 144,717.28 0.000000 % 512.16
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 3,067,996.37 7.980000 % 3,251.45
B-2 904,165.00 721,819.13 7.980000 % 0.00
B-3 904,163.45 0.00 7.980000 % 0.00
SPRED 0.00 0.00 1.528136 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 37,608,254.25 583,101.02
===============================================================================
_______________________________________________________________________________
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 44,505.24 623,842.65 0.00 0.00 7,007,651.06
A-3 74,091.53 74,091.53 0.00 0.00 12,000,000.00
A-4 93,666.06 93,666.06 0.00 0.00 14,086,733.00
A-5 0.00 512.16 0.00 0.00 144,205.12
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 22,743.86 25,995.31 0.00 0.00 3,064,744.92
B-2 198.93 198.93 0.00 0.00 702,540.05
B-3 0.00 0.00 0.00 0.00 0.00
SPRED 47,886.62 47,886.62 0.00 0.00 0.00
- -------------------------------------------------------------------------------
283,092.24 866,193.26 0.00 0.00 37,005,874.15
===============================================================================
_______________________________________________________________________________
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-2 270.963874 20.690622 1.589473 22.280095 0.000000 250.273252
A-3 1000.000000 0.000000 6.174294 6.174294 0.000000 1000.000000
A-4 1000.000000 0.000000 6.649239 6.649239 0.000000 1000.000000
A-5 410.419322 1.452490 0.000000 1.452490 0.000000 408.966833
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-1 954.333285 1.011399 7.074722 8.086121 0.000000 953.321886
B-2 798.326777 0.000000 0.220015 0.220015 0.000000 777.004253
B-3 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-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:06:26 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS2 (POOL # 4209)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4209
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 14,608.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,090.26
SUBSERVICER ADVANCES THIS MONTH 28,937.34
MASTER SERVICER ADVANCES THIS MONTH 3,966.93
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 7 754,080.65
(B) TWO MONTHLY PAYMENTS: 1 99,276.92
(C) THREE OR MORE MONTHLY PAYMENTS: 5 343,540.54
FORECLOSURES
NUMBER OF LOANS 19
AGGREGATE PRINCIPAL BALANCE 2,169,238.40
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 37,005,874.15
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 396
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 440,881.45
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 503,165.00
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 89.88398910 % 10.11601090 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 89.77993920 % 10.22006080 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 404,303.00
SPECIAL HAZARD AMOUNT AVAILABLE 814,904.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.77534189
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 292.90
POOL TRADING FACTOR: 36.83544546
................................................................................
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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 21,910,477.47 5.725000 % 978,474.55
R 0.00 1,437,310.08 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 23,347,787.55 978,474.55
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 113,344.91 1,091,819.46 0.00 0.00 20,932,002.92
R 72,891.54 72,891.54 0.00 0.00 1,437,310.08
- -------------------------------------------------------------------------------
186,236.45 1,164,711.00 0.00 0.00 22,369,313.00
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 152.440853 6.807679 0.788590 7.596269 0.000000 145.633174
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:06:26 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS3 (POOL # 4210)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4210
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 9,344.60
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 18,301.70
MASTER SERVICER ADVANCES THIS MONTH 2,266.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 4 433,004.92
(B) TWO MONTHLY PAYMENTS: 3 350,996.11
(C) THREE OR MORE MONTHLY PAYMENTS: 5 334,904.36
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 878,262.84
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 22,369,313.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 211
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 234,034.30
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 964,769.87
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.84391310 % 6.15608690 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.57463470 % 6.42536530 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 242,806.00
SPECIAL HAZARD AMOUNT AVAILABLE 785,689.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.64730297
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 316.58
POOL TRADING FACTOR: 15.56331742
................................................................................
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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 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 4,700,685.01 7.300000 % 1,184,780.10
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 35,349,570.29 5.638750 % 1,421,810.06
R 1,035.81 6,999,328.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 73,244,583.86 2,606,590.16
===============================================================================
_______________________________________________________________________________
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 28,592.85 1,213,372.95 0.00 0.00 3,515,904.91
A-I-3 47,327.26 47,327.26 0.00 0.00 7,449,000.00
A-I-4 76,852.41 76,852.41 0.00 0.00 11,675,000.00
A-I-5 47,429.69 47,429.69 0.00 0.00 7,071,000.00
A-II 182,693.42 1,604,503.48 0.00 0.00 33,927,760.23
R 13,390.70 13,390.70 0.00 0.00 6,999,328.56
- -------------------------------------------------------------------------------
396,286.33 3,002,876.49 0.00 0.00 70,637,993.70
===============================================================================
_______________________________________________________________________________
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-2 133.530807 33.655657 0.812228 34.467885 0.000000 99.875150
A-I-3 1000.000000 0.000000 6.353505 6.353505 0.000000 1000.000000
A-I-4 1000.000000 0.000000 6.582648 6.582648 0.000000 1000.000000
A-I-5 1000.000000 0.000000 6.707635 6.707635 0.000000 1000.000000
A-II 158.504748 6.375287 0.819183 7.194470 0.000000 152.129461
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:14 rept2.frg
Page: 2 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
ADDITIONAL RELATED INFORMATION FOR POOL 4223
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 29,373.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 858.44
SUBSERVICER ADVANCES THIS MONTH 83,638.19
MASTER SERVICER ADVANCES THIS MONTH 9,582.54
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 2,032,900.71
(B) TWO MONTHLY PAYMENTS: 6 392,345.11
(C) THREE OR MORE MONTHLY PAYMENTS: 14 1,310,912.39
FORECLOSURES
NUMBER OF LOANS 47
AGGREGATE PRINCIPAL BALANCE 5,549,536.64
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 70,637,993.70
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 719
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 1,084,595.75
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,592,873.90
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 90.44389610 % 9.55610390 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 90.09126930 % 9.90873070 %
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 10.46535900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 310.91
POOL TRADING FACTOR: 22.21725527
................................................................................
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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 36,531,442.75 5.613750 % 1,513,494.79
R 0.40 2,111,600.10 0.000000 % 0.00
- -------------------------------------------------------------------------------
200,011,758.40 38,643,042.85 1,513,494.79
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 187,988.52 1,701,483.31 0.00 0.00 35,017,947.96
R 39,167.17 39,167.17 0.00 0.00 2,111,600.10
- -------------------------------------------------------------------------------
227,155.69 1,740,650.48 0.00 0.00 37,129,548.06
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 182.646476 7.567029 0.939887 8.506916 0.000000 175.079447
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:06:30 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS5 (POOL # 4232)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4232
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 15,120.14
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 51,130.53
MASTER SERVICER ADVANCES THIS MONTH 12,759.39
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 7 902,180.28
(B) TWO MONTHLY PAYMENTS: 4 681,469.57
(C) THREE OR MORE MONTHLY PAYMENTS: 9 708,004.94
FORECLOSURES
NUMBER OF LOANS 26
AGGREGATE PRINCIPAL BALANCE 3,378,924.01
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 37,129,548.06
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 329
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 1,420,486.11
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,204,582.01
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.53562670 % 5.46437330 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.31288500 % 5.68711500 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 553,424.00
SPECIAL HAZARD AMOUNT AVAILABLE 985,812.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.78553582
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 324.60
POOL TRADING FACTOR: 18.56368263
................................................................................
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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 0.00 0.140000 % 0.00
A-I-2 76110WBE5 32,000,000.00 6,532,001.56 7.070000 % 1,983,710.28
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 35,530,010.72 5.578750 % 1,019,440.79
R 1.60 5,622,630.12 0.000000 % 0.00
- -------------------------------------------------------------------------------
273,602,645.60 85,428,243.40 3,003,151.07
===============================================================================
_______________________________________________________________________________
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 38,484.38 2,022,194.66 0.00 0.00 4,548,291.28
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 181,695.29 1,201,136.08 0.00 0.00 34,510,569.93
R 53,776.59 53,776.59 0.00 0.00 5,622,630.12
- -------------------------------------------------------------------------------
511,105.05 3,514,256.12 0.00 0.00 82,425,092.33
===============================================================================
_______________________________________________________________________________
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-2 204.125049 61.990946 1.202637 63.193583 0.000000 142.134103
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 233.967040 6.713073 1.196473 7.909546 0.000000 227.253967
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:14 rept2.frg
Page: 2 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
ADDITIONAL RELATED INFORMATION FOR POOL 4241
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 34,336.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 375.25
SUBSERVICER ADVANCES THIS MONTH 93,552.34
MASTER SERVICER ADVANCES THIS MONTH 11,714.73
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 25 2,137,851.40
(B) TWO MONTHLY PAYMENTS: 12 1,197,308.35
(C) THREE OR MORE MONTHLY PAYMENTS: 17 1,786,431.43
FORECLOSURES
NUMBER OF LOANS 45
AGGREGATE PRINCIPAL BALANCE 5,132,050.01
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 82,425,092.33
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 916
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 1,300,355.58
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,622,460.34
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.41830070 % 6.58169930 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.17849700 % 6.82150300 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 571,476.00
SPECIAL HAZARD AMOUNT AVAILABLE 793,565.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.50611700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 284.90
POOL TRADING FACTOR: 30.12583893
................................................................................
Run: 09/28/99 08:07:15 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 70,977,742.42 5.583750 % 4,705,177.23
A-II 76110WBL9 115,163,718.00 23,783,196.89 5.578750 % 1,707,383.43
SB-I 797KS2SBI 0.22 6,252,621.88 0.000000 % 0.00
SB-II 97KS2SBII 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
- -------------------------------------------------------------------------------
365,268,593.59 103,892,654.15 6,412,560.66
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 363,295.14 5,068,472.37 0.00 0.00 66,272,565.19
A-II 115,255.23 1,822,638.66 0.00 0.00 22,075,813.46
SB-I 87,596.01 87,596.01 0.00 0.00 6,252,621.88
SB-II 0.00 0.00 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
- -------------------------------------------------------------------------------
566,146.38 6,978,707.04 0.00 0.00 97,480,093.49
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 283.791919 18.812817 1.452571 20.265388 0.000000 264.979102
A-II 206.516404 14.825706 1.000795 15.826501 0.000000 191.690698
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:15 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-KS2 (POOL # 4251)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4251
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 40,768.98
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 139,971.56
MASTER SERVICER ADVANCES THIS MONTH 20,385.85
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 1,793,779.99
(B) TWO MONTHLY PAYMENTS: 7 1,066,077.09
(C) THREE OR MORE MONTHLY PAYMENTS: 24 2,748,035.75
FORECLOSURES
NUMBER OF LOANS 73
AGGREGATE PRINCIPAL BALANCE 9,640,090.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 97,480,093.49
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 864
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 2,225,256.66
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,832,303.84
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 91.21043260 % 8.78956740 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 90.63222600 % 9.36777400 %
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 11.13540000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.22
POOL TRADING FACTOR: 26.68723652
................................................................................
Run: 09/28/99 08:07:15 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 0.00 0.095000 % 0.00
A-I-2 76110WBQ8 20,000,000.00 0.00 6.550000 % 0.00
A-I-3 76110WBR6 32,800,000.00 18,330,248.03 6.680000 % 3,059,785.49
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 39,900,246.81 5.568750 % 7,919,139.78
A-II-2 76110WBW5 60,012,000.00 15,628,696.33 5.548750 % 2,861,751.92
M-II-1 76110WBZ8 15,751,000.00 15,751,000.00 5.758750 % 0.00
M-II-2 76110WCA2 9,226,000.00 9,226,000.00 5.918750 % 0.00
B-II 76110WCC8 5,901,000.00 5,901,000.00 6.388750 % 0.00
SB-I 76110WCD6 996.58 1,991,275.97 0.000000 % 0.00
SB-II 76110WCE4 1,161.22 5,132,326.81 0.000000 % 132,306.81
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
- -------------------------------------------------------------------------------
450,045,157.80 184,602,793.95 13,972,984.00
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-I-3 101,677.60 3,161,463.09 0.00 0.00 15,270,462.54
A-I-4 93,393.61 93,393.61 0.00 0.00 16,300,000.00
A-I-5 132,675.48 132,675.48 0.00 0.00 22,038,000.00
A-I-6 105,425.92 105,425.92 0.00 0.00 18,400,000.00
M-I-1 53,447.27 53,447.27 0.00 0.00 9,002,000.00
M-I-2 26,250.49 26,250.49 0.00 0.00 4,301,000.00
B-I 17,158.00 17,158.00 0.00 0.00 2,701,000.00
A-II-1 183,447.86 8,102,587.64 0.00 0.00 31,981,107.03
A-II-2 71,597.40 2,933,349.32 0.00 0.00 12,766,944.41
M-II-1 74,888.60 74,888.60 0.00 0.00 15,751,000.00
M-II-2 45,084.04 45,084.04 0.00 0.00 9,226,000.00
B-II 31,125.83 31,125.83 0.00 0.00 5,901,000.00
SB-I 0.00 0.00 244,121.17 0.00 2,235,397.14
SB-II 0.00 132,306.81 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
- -------------------------------------------------------------------------------
936,172.10 14,909,156.10 244,121.17 0.00 170,873,931.12
===============================================================================
Run: 09/28/99 08:07:15
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 558.849025 93.286143 3.099927 96.386070 0.000000 465.562882
A-I-4 1000.000000 0.000000 5.729669 5.729669 0.000000 1000.000000
A-I-5 1000.000000 0.000000 6.020305 6.020305 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.729670 5.729670 0.000000 1000.000000
M-I-1 1000.000000 0.000000 5.937266 5.937266 0.000000 1000.000000
M-I-2 1000.000000 0.000000 6.103346 6.103346 0.000000 1000.000000
B-I 1000.000000 0.000000 6.352462 6.352462 0.000000 1000.000000
A-II-1 250.769883 49.771165 1.152955 50.924120 0.000000 200.998718
A-II-2 260.426187 47.686328 1.193051 48.879379 0.000000 212.739859
M-II-1 1000.000000 0.000000 4.754530 4.754530 0.000000 1000.000000
M-II-2 1000.000000 0.000000 4.886629 4.886629 0.000000 1000.000000
B-II 1000.000000 0.000000 5.274670 5.274670 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:15 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-KS3 (POOL # 4259)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4259
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 71,759.55
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 186,489.81
MASTER SERVICER ADVANCES THIS MONTH 36,702.48
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 63 5,006,644.61
(B) TWO MONTHLY PAYMENTS: 30 2,106,161.44
(C) THREE OR MORE MONTHLY PAYMENTS: 49 3,965,961.92
FORECLOSURES
NUMBER OF LOANS 108
AGGREGATE PRINCIPAL BALANCE 8,837,657.40
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 170,873,931.12
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,951
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 47
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 3,897,879.43
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 12,709,875.63
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 70.74497000 % 0.00000000 % 29.25503000 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 68.32903840 % 0.00000000 % 31.67096160 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,780,910.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,780,910.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.71046900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 304.45
POOL TRADING FACTOR: 37.96817456
................................................................................
Run: 09/28/99 08:07:15 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 0.00 0.140000 % 0.00
A-I-2 76110WCG9 15,000,000.00 5,187,135.15 6.460000 % 2,443,163.18
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 92,750,754.08 5.558750 % 7,342,986.89
A-II-2 76110WCN4 200,020,000.00 90,093,598.45 5.533750 % 6,142,690.98
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
- -------------------------------------------------------------------------------
600,136,273.41 303,290,655.46 15,928,841.05
===============================================================================
_______________________________________________________________________________
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 27,924.08 2,471,087.26 0.00 0.00 2,743,971.97
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-1 472,613.40 7,815,600.29 0.00 0.00 85,407,767.19
A-II-2 457,009.16 6,599,700.14 0.00 0.00 83,950,907.47
SB-I 2,585.50 2,585.50 0.00 0.00 2,000,557.69
SB-II 167,987.92 167,987.92 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
- -------------------------------------------------------------------------------
1,717,664.94 17,646,505.99 0.00 0.00 287,361,814.41
===============================================================================
_______________________________________________________________________________
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-2 345.809010 162.877545 1.861605 164.739150 0.000000 182.931465
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-1 463.614686 36.703923 2.362358 39.066281 0.000000 426.910763
A-II-2 450.422950 30.710384 2.284817 32.995201 0.000000 419.712566
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:15 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-KS4 (POOL # 4272)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4272
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 119,707.86
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 284,155.52
MASTER SERVICER ADVANCES THIS MONTH 54,029.61
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 94 9,210,946.34
(B) TWO MONTHLY PAYMENTS: 33 3,446,317.50
(C) THREE OR MORE MONTHLY PAYMENTS: 58 4,922,839.14
FORECLOSURES
NUMBER OF LOANS 145
AGGREGATE PRINCIPAL BALANCE 14,671,934.07
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 287,361,814.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,063
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 55
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 6,167,510.24
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 13,689,209.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 283,241.19
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.70211810 % 3.29788200 %
CURRENT PREPAYMENT PERCENTAGE 0.00000000 % 100.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.51931210 % 3.48068790 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,993,552.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,544,333.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.64111300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 318.42
POOL TRADING FACTOR: 47.88276049
................................................................................
Run: 09/28/99 08:07:16 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 0.00 6.940000 % 0.00
A-I-2 76110WCS3 35,000,000.00 0.00 6.450000 % 0.00
A-I-3 76110WCT1 100,000,000.00 69,853,005.27 6.285000 % 7,922,859.28
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 73,811,016.52 5.558750 % 3,342,094.22
A-II-2 76110WDB9 325,000,000.00 182,821,921.77 5.533750 % 6,359,114.30
SB-I 76110WDC7 33.88 3,424,032.30 0.000000 % 0.00
SB-II 76110WDD5 73,292.19 11,876,832.30 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
- -------------------------------------------------------------------------------
855,521,326.07 517,234,808.16 17,624,067.80
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-I-3 365,855.12 8,288,714.40 0.00 0.00 61,930,145.99
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-1 376,105.57 3,718,199.79 0.00 0.00 70,468,922.30
A-II-2 927,383.24 7,286,497.54 0.00 0.00 176,462,807.47
SB-I 400,069.95 400,069.95 0.00 0.00 3,424,032.30
SB-II 608,688.65 608,688.65 0.00 0.00 11,876,832.30
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
- -------------------------------------------------------------------------------
3,642,098.76 21,266,166.56 0.00 0.00 499,610,740.36
===============================================================================
Run: 09/28/99 08:07:16
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 698.530053 79.228593 3.658551 82.887144 0.000000 619.301460
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-1 492.073443 22.280628 2.507370 24.787998 0.000000 469.792815
A-II-2 562.528990 19.566506 2.853487 22.419993 0.000000 542.962485
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:16 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4291
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 209,439.32
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 397,697.85
MASTER SERVICER ADVANCES THIS MONTH 39,233.82
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 158 14,363,940.08
(B) TWO MONTHLY PAYMENTS: 53 5,880,904.43
(C) THREE OR MORE MONTHLY PAYMENTS: 98 8,396,161.80
FORECLOSURES
NUMBER OF LOANS 186
AGGREGATE PRINCIPAL BALANCE 18,315,593.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 499,610,740.36
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 5,323
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 61
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 4,379,363.81
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 15,197,064.34
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 271,967.31
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.04179530 % 2.95820470 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.93744280 % 3.06255720 %
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 10.03285400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 321.32
POOL TRADING FACTOR: 58.39839699
................................................................................
Run: 09/28/99 08:07:17 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-KS2(POOL # 4303)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4303
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110WDE3 62,000,000.00 0.00 6.775000 % 0.00
A-I-2 76110WDF0 65,000,000.00 30,262,418.83 6.400000 % 8,602,156.22
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 370,000,000.00 239,410,855.04 5.503750 % 9,377,619.84
A-II-2 76110WDM5 75,000,000.00 45,468,650.44 5.488750 % 2,685,457.65
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 5,173,962.71 9.649000 % 0.00
SB-I 76110WDX1 0.00 0.00 0.000000 % 0.00
SB-II 76110WDY9 202,335.73 8,904,046.71 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
- -------------------------------------------------------------------------------
846,983,489.79 598,574,933.73 20,665,233.71
===============================================================================
_______________________________________________________________________________
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-2 161,399.57 8,763,555.79 0.00 0.00 21,660,262.61
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 1,207,852.70 10,585,472.54 0.00 0.00 230,033,235.20
A-II-2 228,768.88 2,914,226.53 0.00 0.00 42,783,192.79
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 41,602.97 41,602.97 0.00 0.00 5,000,633.00
SB-I 686,189.28 686,189.28 0.00 0.00 0.00
SB-II 696,355.84 696,355.84 0.00 0.00 8,904,046.71
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
- -------------------------------------------------------------------------------
4,517,793.24 25,183,026.95 0.00 0.00 577,736,370.31
===============================================================================
Run: 09/28/99 08:07:17
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-KS2(POOL # 4303)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4303
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 465.575674 132.340865 2.483070 134.823935 0.000000 333.234809
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-1 647.056365 25.344918 3.264467 28.609385 0.000000 621.711447
A-II-2 606.248673 35.806102 3.050252 38.856354 0.000000 570.442571
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-3 953.523002 0.000000 7.667119 7.667119 0.000000 921.579621
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:17 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4303
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 242,402.58
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 460,573.73
MASTER SERVICER ADVANCES THIS MONTH 45,807.20
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 172 14,702,688.07
(B) TWO MONTHLY PAYMENTS: 57 5,561,093.53
(C) THREE OR MORE MONTHLY PAYMENTS: 151 10,539,660.27
FORECLOSURES
NUMBER OF LOANS 255
AGGREGATE PRINCIPAL BALANCE 21,161,916.93
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 577,736,370.31
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 6,526
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 65
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 5,031,987.98
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 18,412,588.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 947,073.85
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.14968600 % 6.88034200 % 4.96997250 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.75225460 % 7.12851088 % 5.11923450 %
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 10.05915800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 318.82
POOL TRADING FACTOR: 68.21105456
................................................................................
Run: 09/28/99 08:07:21 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 87,460,689.11 5.468750 % 11,882,753.40
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 5.838750 % 0.00
A-I-7 76110WEF9 45,000,000.00 45,000,000.00 5.980000 % 0.00
A-II 76110WEG7 425,000,000.00 324,247,426.30 5.538750 % 14,756,771.62
SB-I 76110WEH5 84.30 6,076,634.64 0.000000 % 0.00
SB-II 76110WEJ1 129,754.99 10,628,243.87 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
- -------------------------------------------------------------------------------
875,250,839.29 709,533,993.92 26,639,525.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 438,442.26 12,321,195.66 0.00 0.00 75,577,935.71
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-6 262,904.80 262,904.80 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 1,646,264.98 16,403,036.60 0.00 0.00 309,490,654.68
SB-I 940,172.66 940,172.66 0.00 0.00 6,076,634.64
SB-II 896,681.80 896,681.80 0.00 0.00 10,628,243.87
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
5,336,262.34 31,975,787.36 0.00 0.00 682,894,468.90
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 517.518870 70.312150 2.594333 72.906483 0.000000 447.206720
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 5.352187 5.352187 0.000000 1000.000000
A-I-7 1000.000000 0.000000 4.983333 4.983333 0.000000 1000.000000
A-II 762.935121 34.721816 3.873565 38.595381 0.000000 728.213305
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:21 rept2.frg
Page: 2 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
ADDITIONAL RELATED INFORMATION FOR POOL 4330
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 287,477.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 540,964.39
MASTER SERVICER ADVANCES THIS MONTH 48,401.31
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 220 18,054,628.88
(B) TWO MONTHLY PAYMENTS: 91 7,545,404.64
(C) THREE OR MORE MONTHLY PAYMENTS: 167 13,583,939.90
FORECLOSURES
NUMBER OF LOANS 245
AGGREGATE PRINCIPAL BALANCE 21,986,380.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 682,894,468.90
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 7,797
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 66
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 5,457,387.65
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 25,711,963.25
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 79,566.90
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.64565490 % 2.35434510 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.55381260 % 2.44618740 %
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 10.00289100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 319.31
POOL TRADING FACTOR: 78.02271512
................................................................................
Run: 09/28/99 08:07:21 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-KS4(POOL # 4348)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4348
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I 76110WEZ5 350,000,000.00 312,121,311.16 6.602000 % 6,905,424.98
A-II-1 76110WFA9 300,000,000.00 260,042,536.54 5.888750 % 7,261,400.69
A-II-2 76110WFB7 175,000,000.00 143,932,921.95 5.958750 % 2,357,531.59
SB-I 76110WFC5 88,694.02 3,500,886.94 0.000000 % 0.00
SB-II 76110WFD3 90,412.42 10,824,144.36 0.000000 % 0.00
R-I 76110WFE1 0.00 0.00 0.000000 % 0.00
R-II 76110WFF8 0.00 0.00 0.000000 % 0.00
R-III 76110WFG6 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
825,179,106.44 730,421,800.95 16,524,357.26
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 1,716,836.19 8,622,261.17 0.00 0.00 305,215,886.18
A-II-1 1,403,715.03 8,665,115.72 0.00 0.00 252,781,135.85
A-II-2 786,188.61 3,143,720.20 0.00 0.00 141,575,390.36
SB-I 748,932.26 748,932.26 0.00 0.00 3,500,886.94
SB-II 0.00 0.00 912,556.02 0.00 11,736,700.38
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
4,655,672.09 21,180,029.35 912,556.02 0.00 714,809,999.71
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 891.775175 19.729786 4.905246 24.635032 0.000000 872.045389
A-II-1 866.808455 24.204669 4.679050 28.883719 0.000000 842.603786
A-II-2 822.473840 13.471609 4.492506 17.964115 0.000000 809.002231
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:21 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
HOME EQUITY MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES
SERIES 1998-KS4 (POOL # 4348)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4348
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 300,343.82
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,476.25
SUBSERVICER ADVANCES THIS MONTH 465,388.52
MASTER SERVICER ADVANCES THIS MONTH 17,777.80
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 216 18,438,761.24
(B) TWO MONTHLY PAYMENTS: 84 7,279,193.42
(C) THREE OR MORE MONTHLY PAYMENTS: 126 9,296,003.14
FORECLOSURES
NUMBER OF LOANS 206
AGGREGATE PRINCIPAL BALANCE 18,230,883.25
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 714,809,999.71
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 7,913
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 22
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,001,211.24
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 14,603,017.69
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 325,546.10
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.03880010 % 1.96119990 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.86830240 % 2.13169760 %
BANKRUPTCY AMOUNT AVAILABLE 360,553.00
FRAUD AMOUNT AVAILABLE 24,755,373.00
SPECIAL HAZARD AMOUNT AVAILABLE 8,071,791.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.95583200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.00
POOL TRADING FACTOR: 86.62483019
................................................................................
Run: 09/28/99 08:06:53 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-RS1(POOL # 4328)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4328
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WEY8 241,665,155.00 180,918,868.95 5.938750 % 7,407,393.48
R 4,931,942.62 8,421,576.27 0.000000 % 0.00
- -------------------------------------------------------------------------------
246,597,097.62 189,340,445.22 7,407,393.48
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 981,048.72 8,388,442.20 0.00 0.00 173,511,475.47
R 0.00 0.00 234,117.20 0.00 8,655,693.47
- -------------------------------------------------------------------------------
981,048.72 8,388,442.20 234,117.20 0.00 182,167,168.94
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 748.634485 30.651475 4.059537 34.711012 0.000000 717.983010
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:06:53 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-RS1 (POOL # 4328)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4328
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 56,065.06
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SPREAD 0.00
SUBSERVICER ADVANCES THIS MONTH 130,044.45
MASTER SERVICER ADVANCES THIS MONTH 6,020.09
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 4,024,069.00
(B) TWO MONTHLY PAYMENTS: 14 1,613,409.08
(C) THREE OR MORE MONTHLY PAYMENTS: 44 6,095,857.96
FORECLOSURES
NUMBER OF LOANS 39
AGGREGATE PRINCIPAL BALANCE 3,435,817.88
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 182,167,168.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,297
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 8
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 672,143.92
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,659,227.87
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.55215140 % 4.44784860 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.24848880 % 4.75151120 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 7,397,913.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,465,971.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.33850600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 296.23
POOL TRADING FACTOR: 73.87238970
................................................................................
Run: 09/28/99 08:07:22 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 1999-KS1(POOL # 4356)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4356
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110WFH4 225,000,000.00 182,605,198.22 5.478750 % 10,106,188.15
A-I-2 76110WFJ0 98,000,000.00 98,000,000.00 6.000000 % 0.00
A-I-3 76110WFK7 94,000,000.00 94,000,000.00 6.110000 % 0.00
A-I-4 76110WFL5 38,000,000.00 38,000,000.00 6.280000 % 0.00
A-I-5 76110WFM3 58,000,000.00 58,000,000.00 6.390000 % 0.00
A-I-6 76110WFN1 36,000,000.00 36,000,000.00 6.695000 % 0.00
A-I-7 76110WFP6 36,000,000.00 36,000,000.00 6.900000 % 0.00
A-I-8 76110WFQ4 65,000,000.00 65,000,000.00 6.320000 % 0.00
A-II 76110WFR2 650,000,000.00 600,196,467.18 5.613750 % 13,864,591.92
SB-I 76110WFS0 1,156.10 5,850,010.40 0.000000 % 0.00
SB-II 76110WFT8 1,689.06 11,065,600.60 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
- -------------------------------------------------------------------------------
1,300,002,845.16 1,224,717,276.40 23,970,780.07
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 917,002.64 11,023,190.79 0.00 0.00 172,499,010.07
A-I-2 489,959.98 489,959.98 0.00 0.00 98,000,000.00
A-I-3 478,577.58 478,577.58 0.00 0.00 94,000,000.00
A-I-4 198,850.43 198,850.43 0.00 0.00 38,000,000.00
A-I-5 308,824.77 308,824.77 0.00 0.00 58,000,000.00
A-I-6 200,833.60 200,833.60 0.00 0.00 36,000,000.00
A-I-7 206,983.09 206,983.09 0.00 0.00 36,000,000.00
A-I-8 342,305.37 342,305.37 0.00 0.00 65,000,000.00
A-II 3,088,573.51 16,953,165.43 0.00 0.00 586,331,875.26
SB-I 1,648,551.93 1,648,551.93 0.00 0.00 5,850,010.40
SB-II 0.00 0.00 1,660,035.02 0.00 12,725,635.62
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
- -------------------------------------------------------------------------------
7,880,462.90 31,851,242.97 1,660,035.02 0.00 1,202,406,531.35
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 811.578659 44.916392 4.075567 48.991959 0.000000 766.662267
A-I-2 1000.000000 0.000000 4.999592 4.999592 0.000000 1000.000000
A-I-3 1000.000000 0.000000 5.091251 5.091251 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.232906 5.232906 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.324565 5.324565 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.578711 5.578711 0.000000 1000.000000
A-I-7 1000.000000 0.000000 5.749530 5.749530 0.000000 1000.000000
A-I-8 1000.000000 0.000000 5.266236 5.266236 0.000000 1000.000000
A-II 923.379180 21.330141 4.751652 26.081793 0.000000 902.049039
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:22 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
HOME EQUITY MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES
SERIES 1999-KS1 (POOL # 4356)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4356
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 484,784.97
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,613.75
SUBSERVICER ADVANCES THIS MONTH 643,652.35
MASTER SERVICER ADVANCES THIS MONTH 10,149.05
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 353 27,924,143.13
(B) TWO MONTHLY PAYMENTS: 182 14,621,090.28
(C) THREE OR MORE MONTHLY PAYMENTS: 200 14,931,944.81
FORECLOSURES
NUMBER OF LOANS 181
AGGREGATE PRINCIPAL BALANCE 15,041,359.97
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 1,202,406,531.35
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE *,***
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 1,044,302.18
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 21,376,866.39
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.61881500 % 1.38118500 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.45512770 % 1.54487230 %
BANKRUPTCY AMOUNT AVAILABLE 535,659.00
FRAUD AMOUNT AVAILABLE 39,000,086.00
SPECIAL HAZARD AMOUNT AVAILABLE 13,000,029.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.04786900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.17
POOL TRADING FACTOR: 92.49260768
................................................................................
Run: 09/28/99 08:07:23 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-RS1(POOL # 4367)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4367
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110WFU5 60,645,000.00 52,246,536.80 6.210000 % 2,381,033.88
A-I-2 76110WFV3 16,956,000.00 16,956,000.00 6.570000 % 0.00
A-I-3 76110WFW1 29,639,167.00 29,639,167.00 6.846000 % 0.00
A-II 76110WFX9 70,510,073.00 61,185,351.49 5.678750 % 2,965,281.99
SB-I 2,188,575.75 2,967,289.33 0.000000 % 0.00
SB-II 1,438,981.44 2,178,989.22 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
R-IV 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,377,797.19 165,173,333.84 5,346,315.87
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 270,375.83 2,651,409.71 0.00 0.00 49,865,502.92
A-I-2 92,834.10 92,834.10 0.00 0.00 16,956,000.00
A-I-3 169,091.45 169,091.45 0.00 0.00 29,639,167.00
A-II 311,274.50 3,276,556.49 0.00 0.00 58,220,069.50
SB-I 0.00 0.00 154,704.33 0.00 3,121,993.66
SB-II 0.00 0.00 89,764.16 0.00 2,268,753.38
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
R-IV 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
843,575.88 6,189,891.75 244,468.49 0.00 160,071,486.46
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 861.514334 39.261833 4.458337 43.720170 0.000000 822.252501
A-I-2 1000.000000 0.000000 5.475000 5.475000 0.000000 1000.000000
A-I-3 1000.000000 0.000000 5.705000 5.705000 0.000000 1000.000000
A-II 867.753342 42.054729 4.414610 46.469339 0.000000 825.698613
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:23 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-RS1 (POOL # 4367)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4367
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 46,218.15
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 99,087.37
MASTER SERVICER ADVANCES THIS MONTH 1,150.12
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,394,162.38
(B) TWO MONTHLY PAYMENTS: 26 2,183,650.86
(C) THREE OR MORE MONTHLY PAYMENTS: 41 3,447,014.76
FORECLOSURES
NUMBER OF LOANS 22
AGGREGATE PRINCIPAL BALANCE 2,395,758.35
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 160,071,486.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,374
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 122,104.44
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,805,577.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 61,068.29
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.88431640 % 3.11568370 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.63228780 % 3.36771220 %
BANKRUPTCY AMOUNT AVAILABLE 200,000.00
FRAUD AMOUNT AVAILABLE 5,441,334.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,161,442.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.33330900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 283.02
POOL TRADING FACTOR: 88.25307669
................................................................................
Run: 09/28/99 08:07:24 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-RS2(POOL # 4385)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4385
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110WGH3 44,000,000.00 40,098,986.20 6.535000 % 1,694,827.39
A-I-2 76110WGJ9 25,000,000.00 25,000,000.00 7.110000 % 0.00
A-I-3 76110WGK6 16,250,000.00 16,250,000.00 7.525000 % 0.00
A-I-4 76110WGL4 27,715,000.00 27,715,000.00 7.795000 % 0.00
A-I-5 76110WGM2 12,551,000.00 12,551,000.00 7.555000 % 0.00
A-II 76110WGNO 41,786,000.00 39,317,255.23 5.688750 % 947,876.88
SB-I 76110WGR1 2,561,855.81 2,784,048.67 0.000000 % 0.00
SB-II 76110WGS9 962,705.86 1,183,431.07 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
R-IV 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
170,826,561.67 164,899,721.17 2,642,704.27
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 218,372.40 1,913,199.79 0.00 0.00 38,404,158.81
A-I-2 148,125.00 148,125.00 0.00 0.00 25,000,000.00
A-I-3 101,901.04 101,901.04 0.00 0.00 16,250,000.00
A-I-4 180,032.02 180,032.02 0.00 0.00 27,715,000.00
A-I-5 79,019.00 79,019.00 0.00 0.00 12,551,000.00
A-II 205,027.20 1,152,904.08 0.00 0.00 38,369,378.35
SB-I 0.00 0.00 108,007.58 0.00 2,892,056.25
SB-II 0.00 0.00 70,550.31 0.00 1,253,981.38
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
R-IV 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
932,476.66 3,575,180.93 178,557.89 0.00 162,435,574.79
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 911.340595 38.518804 4.963009 43.481813 0.000000 872.821791
A-I-2 1000.000000 0.000000 5.925000 5.925000 0.000000 1000.000000
A-I-3 1000.000000 0.000000 6.270833 6.270833 0.000000 1000.000000
A-I-4 1000.000000 0.000000 6.495833 6.495833 0.000000 1000.000000
A-I-5 1000.000000 0.000000 6.295833 6.295833 0.000000 1000.000000
A-II 940.919333 22.684078 4.906600 27.590678 0.000000 918.235255
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:24 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-RS2 (POOL # 4385)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4385
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 47,520.27
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 133,832.27
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 67 5,853,148.43
(B) TWO MONTHLY PAYMENTS: 33 2,618,400.92
(C) THREE OR MORE MONTHLY PAYMENTS: 57 4,719,557.97
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,881,132.33
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 162,435,574.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,105
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 2,165,785.61
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 54,415.91
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.59400460 % 2.40599540 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.44758030 % 2.55241970 %
BANKRUPTCY AMOUNT AVAILABLE 200,000.00
FRAUD AMOUNT AVAILABLE 5,124,797.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,672,466.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.63372600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 300.69
POOL TRADING FACTOR: 95.08800810
................................................................................
Run: 09/28/99 08:07:22 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
HOME EQUITY MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES
SERIES 1999-KS2(POOL # 4382)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4382
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110WFY7 175,000,000.00 162,096,746.00 5.438750 % 10,600,206.92
A-I-2 76110WFZ4 70,000,000.00 70,000,000.00 6.625000 % 0.00
A-I-3 76110WGA8 79,000,000.00 79,000,000.00 6.600000 % 0.00
A-I-4 76110WGB6 74,000,000.00 74,000,000.00 6.795000 % 0.00
A-I-5 76110WGC4 60,000,000.00 60,000,000.00 6.985000 % 0.00
A-I-6 76110WGD2 44,000,000.00 44,000,000.00 7.210000 % 0.00
A-I-7 76110WGE0 44,000,000.00 44,000,000.00 7.390000 % 0.00
A-I-8 76110WGF7 39,000,000.00 39,000,000.00 7.500000 % 0.00
A-I-9 76110WGG5 65,000,000.00 65,000,000.00 7.150000 % 0.00
A-II-1 76110WGP5 500,000,000.00 488,326,435.52 5.563750 % 7,372,331.04
A-II-2 76110WGQ3 75,000,000.00 73,214,341.25 5.608750 % 1,391,123.47
SB-I 76110WGT7 6,671.62 3,121,069.03 0.000000 % 0.00
SB-II 76110WGU4 485.64 3,970,908.03 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
- -------------------------------------------------------------------------------
1,225,007,157.26 1,205,729,499.83 19,363,661.43
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 808,136.70 11,408,343.62 0.00 0.00 151,496,539.08
A-I-2 386,458.33 386,458.33 0.00 0.00 70,000,000.00
A-I-3 434,500.00 434,500.00 0.00 0.00 79,000,000.00
A-I-4 419,025.00 419,025.00 0.00 0.00 74,000,000.00
A-I-5 349,250.00 349,250.00 0.00 0.00 60,000,000.00
A-I-6 264,366.67 264,366.67 0.00 0.00 44,000,000.00
A-I-7 270,966.67 270,966.67 0.00 0.00 44,000,000.00
A-I-8 243,750.00 243,750.00 0.00 0.00 39,000,000.00
A-I-9 387,291.67 387,291.67 0.00 0.00 65,000,000.00
A-II-1 2,490,515.69 9,862,846.73 0.00 0.00 480,954,104.48
A-II-2 376,420.86 1,767,544.33 0.00 0.00 71,823,217.78
SB-I 0.00 0.00 1,419,029.45 0.00 4,540,098.48
SB-II 0.00 0.00 1,521,518.22 0.00 5,492,426.25
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
- -------------------------------------------------------------------------------
6,430,681.59 25,794,343.02 2,940,547.67 0.00 1,189,306,386.07
===============================================================================
Run: 09/28/99 08:07:22
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
HOME EQUITY MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4382
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 926.267120 60.572611 4.617924 65.190535 0.000000 865.694509
A-I-2 1000.000000 0.000000 5.520833 5.520833 0.000000 1000.000000
A-I-3 1000.000000 0.000000 5.500000 5.500000 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.662500 5.662500 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.820833 5.820833 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.008333 6.008333 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.158333 6.158333 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-I-9 1000.000000 0.000000 5.958333 5.958333 0.000000 1000.000000
A-II-1 976.652871 14.744662 4.981031 19.725693 0.000000 961.908209
A-II-2 976.191217 18.548313 5.018945 23.567258 0.000000 957.642904
_______________________________________________________________________________
DETERMINATION DATE 20-September-99
DISTRIBUTION DATE 27-September-99
Run: 09/28/99 08:07:22 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
HOME EQUITY MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES
SERIES 1999-KS2 (POOL # 4382)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4382
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 466,257.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 14,129.52
SUBSERVICER ADVANCES THIS MONTH 442,637.80
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 341 28,477,698.73
(B) TWO MONTHLY PAYMENTS: 134 11,061,523.86
(C) THREE OR MORE MONTHLY PAYMENTS: 78 6,739,952.64
FORECLOSURES
NUMBER OF LOANS 33
AGGREGATE PRINCIPAL BALANCE 3,655,451.29
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 1,189,306,386.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE *,***
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 15,441,993.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 203,884.79
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.41181030 % 0.58818970 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.15643900 % 0.84356100 %
BANKRUPTCY AMOUNT AVAILABLE 502,557.00
FRAUD AMOUNT AVAILABLE 36,750,215.00
SPECIAL HAZARD AMOUNT AVAILABLE 12,250,072.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.99419400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.08
POOL TRADING FACTOR: 97.08566836
................................................................................
