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)
October 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 October 1999 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-KS1 RASC
<PAGE>
1995-KS2 RASC 1995-KS3 RASC 1995-KS4 RASC 1996-KS1 RASC 1996-KS2 RASC 1996-KS3
RASC 1996-KS4 RASC 1996-KS5 RASC 1997-KS1 RASC 1997-KS2 RASC 1997-KS3 RASC
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-KS3 RASC 1999-RS1 RASC 1999-RS2
RASC 1999-RS3 RASC
Item 7. Financial Statements and Exhibits
(a) See attached monthly reports
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ASSET SECURITIES CORP
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: October 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: October 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 10,015,303.12 6.087500 % 790,078.58
R 0.00 1,979,123.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 11,994,426.60 790,078.58
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 46,678.86 836,757.44 0.00 0.00 9,225,224.54
R 0.00 0.00 49,468.40 0.00 2,028,591.88
- -------------------------------------------------------------------------------
46,678.86 836,757.44 49,468.40 0.00 11,253,816.42
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 106.150467 8.373906 0.494741 8.868647 0.000000 97.776561
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-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 4,596.16
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 10,760.33
MASTER SERVICER ADVANCES THIS MONTH 1,209.55
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 157,398.91
(B) TWO MONTHLY PAYMENTS: 2 97,847.90
(C) THREE OR MORE MONTHLY PAYMENTS: 2 137,929.07
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 783,829.19
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 11,253,816.42
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 116
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 126,299.82
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 732,627.80
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 83.49964070 % 16.50035930 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 81.97418720 % 18.02581280 %
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 10.72210015
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 302.83
POOL TRADING FACTOR: 11.92772552
................................................................................
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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 12,065,539.15 5.937500 % 341,002.41
R 0.00 766,517.38 0.000000 % 22,258.10
- -------------------------------------------------------------------------------
105,461,520.00 12,832,056.53 363,260.51
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 55,713.32 396,715.73 0.00 0.00 11,724,536.74
R 6,840.62 29,098.72 0.00 0.00 744,259.28
- -------------------------------------------------------------------------------
62,553.94 425,814.45 0.00 0.00 12,468,796.02
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 114.407029 3.233430 0.528281 3.761711 0.000000 111.173599
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-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 4,952.72
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 8,694.86
MASTER SERVICER ADVANCES THIS MONTH 1,306.13
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 7 543,496.51
(B) TWO MONTHLY PAYMENTS: 1 278,848.60
(C) THREE OR MORE MONTHLY PAYMENTS: 3 166,438.10
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 12,468,796.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 149
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 128,075.17
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 321,029.27
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.02654300 % 5.97345700 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.03102530 % 5.96897470 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 124,582.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,050,091.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.39253266
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 305.17
POOL TRADING FACTOR: 11.82307630
................................................................................
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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 0.00 8.000000 % 0.00
A4-I 76110WAG1 16,482,000.00 16,244,869.68 8.000000 % 745,676.77
A5-I 76110WAH9 11,122,743.00 11,122,743.00 8.000000 % 0.00
A-II 76110WAJ5 41,561,444.00 10,195,776.22 8.000000 % 446,313.62
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 125,667.85 8.120000 % 301.91
B2-I 760,800.00 0.00 8.120000 % 0.00
B3-I 988,100.00 0.00 8.120000 % 0.00
B1-II 1,125,622.41 735,140.07 8.120000 % 972.35
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 1.979046 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 38,424,196.82 1,193,264.65
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A4-I 108,173.11 853,849.88 0.00 0.00 15,499,192.91
A5-I 74,065.33 74,065.33 0.00 0.00 11,122,743.00
A-II 67,830.34 514,143.96 0.00 0.00 9,749,462.60
R 0.00 0.00 0.00 0.00 0.00
B1-I 849.36 1,151.27 0.00 0.00 125,365.94
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 4,964.09 5,936.44 0.00 0.00 734,167.72
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 63,279.18 63,279.18 0.00 0.00 0.00
- -------------------------------------------------------------------------------
319,161.41 1,512,426.06 0.00 0.00 37,230,932.17
===============================================================================
_______________________________________________________________________________
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A4-I 985.612770 45.241886 6.563106 51.804992 0.000000 940.370884
A5-I 1000.000000 0.000000 6.658909 6.658909 0.000000 1000.000000
A-II 245.318142 10.738646 1.632050 12.370696 0.000000 234.579496
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 64.561320 0.155105 0.436355 0.591460 0.000000 64.406213
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 653.096512 0.863833 4.410085 5.273918 0.000000 652.232677
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-October-99
DISTRIBUTION DATE 25-October-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 11,355.84
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,256.38
MASTER SERVICER ADVANCES THIS MONTH 8,165.57
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 4 1,275,469.46
(B) TWO MONTHLY PAYMENTS: 1 225,353.16
(C) THREE OR MORE MONTHLY PAYMENTS: 3 735,822.02
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,351,654.18
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 37,230,932.17
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 169
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 836,260.29
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,112,754.99
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.75972430 % 2.24027570 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.69134530 % 2.30865470 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 371,623.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,653,330.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.10559900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 191.35
POOL TRADING FACTOR: 23.71436195
................................................................................
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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 17,760,564.62 5.937500 % 1,163,274.96
R 4,664,765.74 6,170,297.92 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 23,930,862.54 1,163,274.96
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 80,846.87 1,244,121.83 0.00 0.00 16,597,289.66
R 56,514.28 56,514.28 49,389.36 0.00 6,219,687.28
- -------------------------------------------------------------------------------
137,361.15 1,300,636.11 49,389.36 0.00 22,816,976.94
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 179.405643 11.750645 0.816662 12.567307 0.000000 167.654998
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-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 8,432.41
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 14,356.72
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 10 959,713.95
(B) TWO MONTHLY PAYMENTS: 2 232,152.73
(C) THREE OR MORE MONTHLY PAYMENTS: 2 183,940.04
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 328,951.06
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 22,816,976.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 246
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,090,973.14
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 74.21614910 % 25.78385090 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 72.74096700 % 27.25903300 %
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 10.21238316
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 292.00
POOL TRADING FACTOR: 22.01105222
................................................................................
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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 9,181,063.07 5.837500 % 223,380.44
R 0.00 755,955.23 0.000000 % 50,426.93
- -------------------------------------------------------------------------------
77,178,720.00 9,937,018.30 273,807.37
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 41,680.32 265,060.76 0.00 0.00 8,957,682.63
R 40,798.98 91,225.91 0.00 0.00 705,528.30
- -------------------------------------------------------------------------------
82,479.30 356,286.67 0.00 0.00 9,663,210.93
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 118.958478 2.894327 0.540049 3.434376 0.000000 116.064151
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-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 4,095.99
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 6,649.47
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 0 0.00
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 3 228,174.06
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 533,059.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 9,663,210.93
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 89
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 267,768.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.39253460 % 7.60746540 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.69882130 % 7.30117870 %
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 10.77505825
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 312.04
POOL TRADING FACTOR: 12.52056387
................................................................................
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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 7,007,651.06 7.040000 % 844,856.30
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 352,608.35 144,205.12 0.000000 % 520.00
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 3,064,744.92 7.980000 % 3,214.57
B-2 904,165.00 702,540.05 7.980000 % 0.00
B-3 904,163.45 0.00 7.980000 % 0.00
SPRED 0.00 0.00 1.519588 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 37,005,874.15 848,590.87
===============================================================================
_______________________________________________________________________________
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 41,104.22 885,960.52 0.00 0.00 6,162,794.76
A-3 74,086.78 74,086.78 0.00 0.00 12,000,000.00
A-4 93,660.06 93,660.06 0.00 0.00 14,086,733.00
A-5 0.00 520.00 0.00 0.00 143,685.12
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 20,376.92 23,591.49 0.00 0.00 3,061,530.35
B-2 5,407.95 5,407.95 0.00 0.00 701,803.16
B-3 0.00 0.00 0.00 0.00 0.00
SPRED 46,853.04 46,853.04 0.00 0.00 0.00
- -------------------------------------------------------------------------------
281,488.97 1,130,079.84 0.00 0.00 36,156,546.39
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 250.273252 30.173439 1.468008 31.641447 0.000000 220.099813
A-3 1000.000000 0.000000 6.173898 6.173898 0.000000 1000.000000
A-4 1000.000000 0.000000 6.648813 6.648813 0.000000 1000.000000
A-5 408.966832 1.474724 0.000000 1.474724 0.000000 407.492109
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-1 953.321886 0.999927 6.338460 7.338387 0.000000 952.321960
B-2 777.004253 0.000000 5.981154 5.981154 0.000000 776.189257
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-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:44:59 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 14,235.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 27,178.45
MASTER SERVICER ADVANCES THIS MONTH 4,725.62
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 3 360,857.60
(B) TWO MONTHLY PAYMENTS: 5 492,151.54
(C) THREE OR MORE MONTHLY PAYMENTS: 2 108,911.08
FORECLOSURES
NUMBER OF LOANS 20
AGGREGATE PRINCIPAL BALANCE 2,196,012.61
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 36,156,546.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 389
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 526,858.43
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 810,255.59
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 89.77993920 % 10.22006080 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 89.55002910 % 10.44997090 %
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 9.78315157
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 292.49
POOL TRADING FACTOR: 35.99002923
................................................................................
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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 20,932,002.92 5.787500 % 603,356.87
R 0.00 1,437,310.08 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 22,369,313.00 603,356.87
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 94,211.11 697,567.98 0.00 0.00 20,328,646.05
R 48,904.07 48,904.07 0.00 0.00 1,437,310.08
- -------------------------------------------------------------------------------
143,115.18 746,472.05 0.00 0.00 21,765,956.13
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 145.633174 4.197820 0.655468 4.853288 0.000000 141.435354
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:45:00 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 9,067.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 12,635.19
MASTER SERVICER ADVANCES THIS MONTH 2,535.16
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 64,895.45
(B) TWO MONTHLY PAYMENTS: 2 228,995.47
(C) THREE OR MORE MONTHLY PAYMENTS: 5 357,718.42
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 702,633.33
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 21,765,956.13
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 205
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 282,387.45
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 507,002.20
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.57463470 % 6.42536530 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.39652220 % 6.60347780 %
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 10.71244159
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 315.93
POOL TRADING FACTOR: 15.14353544
................................................................................
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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 3,515,904.91 7.300000 % 731,972.82
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 33,927,760.23 5.682500 % 1,092,034.83
R 1,035.81 6,999,328.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 70,637,993.70 1,824,007.65
===============================================================================
_______________________________________________________________________________
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 21,308.48 753,281.30 0.00 0.00 2,783,932.09
A-I-3 47,155.29 47,155.29 0.00 0.00 7,449,000.00
A-I-4 76,573.16 76,573.16 0.00 0.00 11,675,000.00
A-I-5 47,257.35 47,257.35 0.00 0.00 7,071,000.00
A-II 148,446.48 1,240,481.31 0.00 0.00 32,835,725.40
R 227,254.01 227,254.01 0.00 0.00 6,999,328.56
- -------------------------------------------------------------------------------
567,994.77 2,392,002.42 0.00 0.00 68,813,986.05
===============================================================================
_______________________________________________________________________________
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 99.875150 20.792910 0.605303 21.398213 0.000000 79.082240
A-I-3 1000.000000 0.000000 6.330419 6.330419 0.000000 1000.000000
A-I-4 1000.000000 0.000000 6.558729 6.558729 0.000000 1000.000000
A-I-5 1000.000000 0.000000 6.683263 6.683263 0.000000 1000.000000
A-II 152.129461 4.896600 0.665623 5.562223 0.000000 147.232861
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:02 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 28,325.41
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 89,063.63
MASTER SERVICER ADVANCES THIS MONTH 12,847.16
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 2,021,986.76
(B) TWO MONTHLY PAYMENTS: 10 954,610.41
(C) THREE OR MORE MONTHLY PAYMENTS: 17 1,387,312.77
FORECLOSURES
NUMBER OF LOANS 44
AGGREGATE PRINCIPAL BALANCE 5,490,008.80
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 68,813,986.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 702
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 13
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,443,941.17
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,772,327.30
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 90.09126930 % 9.90873070 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 89.82862500 % 10.17137500 %
BANKRUPTCY AMOUNT AVAILABLE 125,000.00
FRAUD AMOUNT AVAILABLE 678,811.00
SPECIAL HAZARD AMOUNT AVAILABLE 779,338.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.46321700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 310.02
POOL TRADING FACTOR: 21.64356339
................................................................................
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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 35,017,947.96 5.657500 % 2,444,552.06
R 0.40 2,111,600.10 0.000000 % 0.00
- -------------------------------------------------------------------------------
200,011,758.40 37,129,548.06 2,444,552.06
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 154,088.70 2,598,640.76 0.00 0.00 32,573,395.90
R 120,651.24 120,651.24 0.00 0.00 2,111,600.10
- -------------------------------------------------------------------------------
274,739.94 2,719,292.00 0.00 0.00 34,684,996.00
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 175.079447 12.222042 0.770398 12.992440 0.000000 162.857405
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:45:04 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 14,437.46
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,263.19
MASTER SERVICER ADVANCES THIS MONTH 8,445.20
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 9 883,722.03
(B) TWO MONTHLY PAYMENTS: 2 206,420.95
(C) THREE OR MORE MONTHLY PAYMENTS: 10 861,938.36
FORECLOSURES
NUMBER OF LOANS 27
AGGREGATE PRINCIPAL BALANCE 3,602,963.33
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 34,684,996.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 312
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 944,718.99
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,950,724.80
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.31288500 % 5.68711500 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.91206470 % 6.08793530 %
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 10.91121138
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 323.57
POOL TRADING FACTOR: 17.34147846
................................................................................
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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 4,548,291.28 7.070000 % 691,379.99
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 34,510,569.93 5.622500 % 28,602.47
R 1.60 5,622,630.12 0.000000 % 2,027,534.46
- -------------------------------------------------------------------------------
273,602,645.60 82,425,092.33 2,747,516.92
===============================================================================
_______________________________________________________________________________
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 26,797.02 718,177.01 0.00 0.00 3,856,911.29
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 150,916.64 179,519.11 0.00 0.00 34,481,967.46
R 140,928.26 2,168,462.72 0.00 0.00 3,595,095.66
- -------------------------------------------------------------------------------
555,790.71 3,303,307.63 0.00 0.00 79,677,575.41
===============================================================================
_______________________________________________________________________________
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-2 142.134103 21.605625 0.837407 22.443032 0.000000 120.528478
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 227.253967 0.188349 0.993794 1.182143 0.000000 227.065618
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:02 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 33,229.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 89,724.13
MASTER SERVICER ADVANCES THIS MONTH 10,670.53
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 1,835,718.17
(B) TWO MONTHLY PAYMENTS: 12 1,158,780.46
(C) THREE OR MORE MONTHLY PAYMENTS: 17 1,796,302.55
FORECLOSURES
NUMBER OF LOANS 42
AGGREGATE PRINCIPAL BALANCE 4,897,546.76
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 79,677,575.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 881
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 1,205,589.82
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,422,785.01
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.17849700 % 6.82150300 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.48794550 % 4.51205450 %
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 10.50268500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 283.62
POOL TRADING FACTOR: 29.12163924
................................................................................
Run: 10/26/99 07:46:03 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 66,272,565.19 5.627500 % 5,193,937.24
A-II 76110WBL9 115,163,718.00 22,075,813.46 5.622500 % 632,308.97
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 97,480,093.49 5,826,246.21
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 290,071.34 5,484,008.58 0.00 0.00 61,078,627.95
A-II 102,967.89 735,276.86 0.00 0.00 21,443,504.49
SB-I 163,720.29 163,720.29 0.00 0.00 6,252,621.88
SB-II 108,884.11 108,884.11 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
- -------------------------------------------------------------------------------
665,643.63 6,491,889.84 0.00 0.00 91,653,847.28
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 264.979102 20.767037 1.159799 21.926836 0.000000 244.212065
A-II 191.690698 5.490522 0.894100 6.384622 0.000000 186.200175
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:03 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 38,092.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3.56
SUBSERVICER ADVANCES THIS MONTH 157,751.92
MASTER SERVICER ADVANCES THIS MONTH 24,907.45
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 4,256,476.13
(B) TWO MONTHLY PAYMENTS: 10 1,070,992.64
(C) THREE OR MORE MONTHLY PAYMENTS: 22 2,498,141.06
FORECLOSURES
NUMBER OF LOANS 67
AGGREGATE PRINCIPAL BALANCE 9,193,881.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 91,653,847.28
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 820
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 27
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,732,224.50
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,428,266.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 90.63222600 % 9.36777400 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 90.03673590 % 9.96326410 %
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 11.34163600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.21
POOL TRADING FACTOR: 25.09217844
................................................................................
Run: 10/26/99 07:46:03 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 15,270,462.54 6.680000 % 1,537,725.43
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 31,981,107.03 5.612500 % 4,387,667.05
A-II-2 76110WBW5 60,012,000.00 12,766,944.41 5.592500 % 1,926,900.45
M-II-1 76110WBZ8 15,751,000.00 15,751,000.00 5.802500 % 0.00
M-II-2 76110WCA2 9,226,000.00 9,226,000.00 5.962500 % 0.00
B-II 76110WCC8 5,901,000.00 5,901,000.00 6.432500 % 0.00
SB-I 76110WCD6 996.58 2,235,397.14 0.000000 % 234,977.14
SB-II 76110WCE4 1,161.22 5,000,020.00 0.000000 % 0.00
R-I 0.00 0.00 0.000000 % 0.00
R-II 0.00 0.00 0.000000 % 0.00
R-III 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
450,045,157.80 170,873,931.12 8,087,270.07
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-I-3 86,033.35 1,623,758.78 0.00 0.00 13,732,737.11
A-I-4 94,570.89 94,570.89 0.00 0.00 16,300,000.00
A-I-5 134,347.92 134,347.92 0.00 0.00 22,038,000.00
A-I-6 106,754.86 106,754.86 0.00 0.00 18,400,000.00
M-I-1 54,121.01 54,121.01 0.00 0.00 9,002,000.00
M-I-2 26,581.38 26,581.38 0.00 0.00 4,301,000.00
B-I 17,374.28 17,374.28 0.00 0.00 2,701,000.00
A-II-1 179,274.69 4,566,941.74 0.00 0.00 27,593,439.98
A-II-2 71,238.05 1,998,138.50 0.00 0.00 10,840,043.96
M-II-1 85,914.44 85,914.44 0.00 0.00 15,751,000.00
M-II-2 51,716.39 51,716.39 0.00 0.00 9,226,000.00
B-II 35,694.95 35,694.95 0.00 0.00 5,901,000.00
SB-I 100,456.62 335,433.76 0.00 0.00 2,000,420.00
SB-II 84,804.95 84,804.95 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
- -------------------------------------------------------------------------------
1,128,883.78 9,216,153.85 0.00 0.00 162,786,661.05
===============================================================================
Run: 10/26/99 07:46:03
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-3 465.562882 46.881873 2.622968 49.504841 0.000000 418.681010
A-I-4 1000.000000 0.000000 5.801895 5.801895 0.000000 1000.000000
A-I-5 1000.000000 0.000000 6.096194 6.096194 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.801895 5.801895 0.000000 1000.000000
M-I-1 1000.000000 0.000000 6.012110 6.012110 0.000000 1000.000000
M-I-2 1000.000000 0.000000 6.180279 6.180279 0.000000 1000.000000
B-I 1000.000000 0.000000 6.432536 6.432536 0.000000 1000.000000
A-II-1 200.998718 27.576139 1.126727 28.702866 0.000000 173.422579
A-II-2 212.739859 32.108586 1.187063 33.295649 0.000000 180.631273
M-II-1 1000.000000 0.000000 5.454539 5.454539 0.000000 1000.000000
M-II-2 1000.000000 0.000000 5.605505 5.605505 0.000000 1000.000000
B-II 1000.000000 0.000000 6.048966 6.048966 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:03 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 67,790.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 592.13
SUBSERVICER ADVANCES THIS MONTH 181,685.78
MASTER SERVICER ADVANCES THIS MONTH 34,230.74
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 56 4,588,488.59
(B) TWO MONTHLY PAYMENTS: 28 2,140,722.90
(C) THREE OR MORE MONTHLY PAYMENTS: 50 3,497,548.97
FORECLOSURES
NUMBER OF LOANS 111
AGGREGATE PRINCIPAL BALANCE 9,026,260.30
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 162,786,661.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,881
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 44
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 3,603,874.62
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,901,749.17
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 198,541.16
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 68.32903840 % 0.00000000 % 31.67096160 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 66.89996610 % 0.00000000 % 33.10003390 %
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 10.73273900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 303.07
POOL TRADING FACTOR: 36.17118376
................................................................................
Run: 10/26/99 07:46:04 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 2,743,971.97 6.460000 % 2,743,971.97
A-I-3 76110WCH7 32,000,000.00 32,000,000.00 6.560000 % 1,141,785.05
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 85,407,767.19 5.602500 % 8,080,788.24
A-II-2 76110WCN4 200,020,000.00 83,950,907.47 5.577500 % 7,318,693.82
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
- -------------------------------------------------------------------------------
600,136,273.41 287,361,814.41 19,285,239.08
===============================================================================
_______________________________________________________________________________
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 14,771.72 2,758,743.69 0.00 0.00 0.00
A-I-3 174,933.33 1,316,718.38 0.00 0.00 30,858,214.95
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-1 372,164.35 8,452,952.59 0.00 0.00 77,326,978.95
A-II-2 364,183.70 7,682,877.52 0.00 0.00 76,632,213.65
SB-I 237,318.25 237,318.25 0.00 0.00 2,000,557.69
SB-II 408,069.33 408,069.33 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
- -------------------------------------------------------------------------------
1,986,052.23 21,271,291.31 0.00 0.00 268,076,575.33
===============================================================================
_______________________________________________________________________________
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-2 182.931465 182.931465 0.984781 183.916246 0.000000 0.000000
A-I-3 1000.000000 35.680783 5.466667 41.147450 0.000000 964.319217
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-1 426.910763 40.391824 1.860264 42.252088 0.000000 386.518939
A-II-2 419.712566 36.589810 1.820736 38.410546 0.000000 383.122756
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:04 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 113,440.63
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 276,353.21
MASTER SERVICER ADVANCES THIS MONTH 47,368.79
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 89 8,292,415.66
(B) TWO MONTHLY PAYMENTS: 38 3,360,197.99
(C) THREE OR MORE MONTHLY PAYMENTS: 57 5,275,183.20
FORECLOSURES
NUMBER OF LOANS 145
AGGREGATE PRINCIPAL BALANCE 14,387,177.35
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 268,076,575.33
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,899
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 51
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 5,277,355.77
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 16,983,032.01
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 369,801.68
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.51931210 % 3.48068790 %
CURRENT PREPAYMENT PERCENTAGE 0.00000000 % 100.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.26891390 % 3.73108610 %
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 10.77615600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 317.18
POOL TRADING FACTOR: 44.66928383
................................................................................
Run: 10/26/99 07:46:05 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 61,930,145.99 6.285000 % 5,859,868.29
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 70,468,922.30 5.602500 % 2,299,725.25
A-II-2 76110WDB9 325,000,000.00 176,462,807.47 5.577500 % 7,392,597.62
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
- -------------------------------------------------------------------------------
855,521,326.07 499,610,740.36 15,552,191.16
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-I-3 324,359.14 6,184,227.43 0.00 0.00 56,070,277.70
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-1 307,068.33 2,606,793.58 0.00 0.00 68,169,197.05
A-II-2 765,505.46 8,158,103.08 0.00 0.00 169,070,209.85
SB-I 529,801.94 529,801.94 0.00 0.00 3,424,032.30
SB-II 808,052.43 808,052.43 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
- -------------------------------------------------------------------------------
3,698,783.53 19,250,974.69 0.00 0.00 484,058,549.20
===============================================================================
Run: 10/26/99 07:46:05
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-3 619.301460 58.598683 3.243591 61.842274 0.000000 560.702777
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-1 469.792815 15.331502 2.047122 17.378624 0.000000 454.461314
A-II-2 542.962485 22.746454 2.355401 25.101855 0.000000 520.216030
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:05 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 202,938.07
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 405,325.99
MASTER SERVICER ADVANCES THIS MONTH 42,634.05
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 156 12,570,949.14
(B) TWO MONTHLY PAYMENTS: 70 6,882,734.06
(C) THREE OR MORE MONTHLY PAYMENTS: 94 7,865,838.28
FORECLOSURES
NUMBER OF LOANS 197
AGGREGATE PRINCIPAL BALANCE 20,445,554.51
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 484,058,549.20
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 5,161
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 67
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 4,713,102.29
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 14,250,909.09
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 148,310.26
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.93744280 % 3.06255720 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.83904670 % 3.16095330 %
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 10.09434800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 319.74
POOL TRADING FACTOR: 56.58053569
................................................................................
Run: 10/26/99 07:46:06 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 21,660,262.61 6.400000 % 6,107,710.63
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 370,000,000.00 230,033,235.20 5.547500 % 7,965,822.41
A-II-2 76110WDM5 75,000,000.00 42,783,192.79 5.532500 % 1,421,985.51
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 5,000,633.00 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
- -------------------------------------------------------------------------------
846,983,489.79 577,736,370.31 15,495,518.55
===============================================================================
_______________________________________________________________________________
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-2 115,521.40 6,223,232.03 0.00 0.00 15,552,551.98
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-1 992,529.51 8,958,351.92 0.00 0.00 222,067,412.79
A-II-2 184,098.46 1,606,083.97 0.00 0.00 41,361,207.28
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 40,209.26 40,209.26 0.00 0.00 4,728,698.67
SB-I 662,732.30 662,732.30 0.00 0.00 0.00
SB-II 939,183.85 939,183.85 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
- -------------------------------------------------------------------------------
4,429,898.78 19,925,417.33 0.00 0.00 561,968,917.43
===============================================================================
Run: 10/26/99 07:46:06
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-2 333.234809 93.964779 1.777252 95.742031 0.000000 239.270031
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-1 621.711446 21.529250 2.682512 24.211762 0.000000 600.182197
A-II-2 570.442571 18.959807 2.454646 21.414453 0.000000 551.482764
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-3 921.579621 0.000000 7.410269 7.410269 0.000000 871.464138
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:06 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 234,465.24
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 477,773.58
MASTER SERVICER ADVANCES THIS MONTH 50,528.10
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 171 14,367,509.17
(B) TWO MONTHLY PAYMENTS: 78 6,769,474.67
(C) THREE OR MORE MONTHLY PAYMENTS: 145 10,957,546.74
FORECLOSURES
NUMBER OF LOANS 260
AGGREGATE PRINCIPAL BALANCE 21,668,446.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 561,968,917.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 6,371
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 73
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 5,589,904.07
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 14,368,460.06
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 155,703.74
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.75225460 % 7.12851100 % 5.11923450 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.45700280 % 7.32851920 % 5.21447800 %
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 10.06711800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 317.52
POOL TRADING FACTOR: 66.34945358
................................................................................
Run: 10/26/99 07:46:11 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 75,577,935.71 5.512500 % 9,299,034.86
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 5.882500 % 0.00
A-I-7 76110WEF9 45,000,000.00 45,000,000.00 5.980000 % 0.00
A-II 76110WEG7 425,000,000.00 309,490,654.68 5.582500 % 7,548,088.46
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
- -------------------------------------------------------------------------------
875,250,839.29 682,894,468.90 16,847,123.32
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 324,040.40 9,623,075.26 0.00 0.00 66,278,900.85
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-6 224,742.22 224,742.22 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 1,343,791.23 8,891,879.69 0.00 0.00 301,942,566.22
SB-I 977,030.06 977,030.06 0.00 0.00 6,076,634.64
SB-II 1,134,383.42 1,134,383.42 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
- -------------------------------------------------------------------------------
5,155,783.17 22,002,906.49 0.00 0.00 666,047,345.58
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 447.206720 55.023875 1.917399 56.941274 0.000000 392.182845
A-I-2 1000.000000 0.000000 4.858333 4.858333 0.000000 1000.000000
A-I-3 1000.000000 0.000000 4.925000 4.925000 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.029167 5.029167 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.133333 5.133333 0.000000 1000.000000
A-I-6 1000.000000 0.000000 4.575278 4.575278 0.000000 1000.000000
A-I-7 1000.000000 0.000000 4.983333 4.983333 0.000000 1000.000000
A-II 728.213305 17.760208 3.161862 20.922070 0.000000 710.453097
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:11 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 278,242.76
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 528,302.71
MASTER SERVICER ADVANCES THIS MONTH 53,282.62
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 188 15,578,000.30
(B) TWO MONTHLY PAYMENTS: 112 8,982,766.49
(C) THREE OR MORE MONTHLY PAYMENTS: 185 14,311,785.82
FORECLOSURES
NUMBER OF LOANS 254
AGGREGATE PRINCIPAL BALANCE 20,324,617.27
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 666,047,345.58
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 7,603
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 68
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 6,041,909.18
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 15,619,253.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 299,421.94
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.55381260 % 2.44618740 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.49193830 % 2.50806170 %
BANKRUPTCY AMOUNT AVAILABLE 375,746.00
FRAUD AMOUNT AVAILABLE 13,246,465.00
SPECIAL HAZARD AMOUNT AVAILABLE 6,623,232.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.99808000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 318.29
POOL TRADING FACTOR: 76.09788139
................................................................................
Run: 10/26/99 07:46:11 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 350,000,000.00 305,215,886.18 6.602000 % 6,824,877.39
A-II-1 76110WFA9 300,000,000.00 252,781,135.85 5.932500 % 8,662,840.46
A-II-2 76110WFB7 175,000,000.00 141,575,390.36 6.002500 % 3,049,367.26
SB-I 76110WFC5 88,694.02 3,500,886.94 0.000000 % 0.00
SB-II 76110WFD3 90,412.42 11,736,700.38 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
- -------------------------------------------------------------------------------
825,179,106.44 714,809,999.71 18,537,085.11
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 1,678,836.57 8,503,713.96 0.00 0.00 298,391,008.79
A-II-1 1,166,374.29 9,829,214.75 0.00 0.00 244,118,295.39
A-II-2 660,960.44 3,710,327.70 0.00 0.00 138,526,023.10
SB-I 717,577.30 717,577.30 0.00 0.00 3,500,886.94
SB-II 1,010,434.54 1,010,434.54 140,559.93 0.00 11,877,260.31
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
- -------------------------------------------------------------------------------
5,234,183.14 23,771,268.25 140,559.93 0.00 696,413,474.53
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 872.045389 19.499650 4.796676 24.296326 0.000000 852.545739
A-II-1 842.603786 28.876135 3.887914 32.764049 0.000000 813.727651
A-II-2 809.002231 17.424956 3.776917 21.201873 0.000000 791.577275
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:11 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 292,963.19
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 492,721.65
MASTER SERVICER ADVANCES THIS MONTH 19,190.76
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 206 17,613,444.55
(B) TWO MONTHLY PAYMENTS: 95 8,111,739.20
(C) THREE OR MORE MONTHLY PAYMENTS: 148 11,717,876.63
FORECLOSURES
NUMBER OF LOANS 221
AGGREGATE PRINCIPAL BALANCE 18,902,494.48
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 696,413,474.53
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 7,720
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 25
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,148,435.05
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 17,553,851.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.86830240 % 2.13169760 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.79180790 % 2.20819210 %
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 9.97058300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.96
POOL TRADING FACTOR: 84.39543235
................................................................................
Run: 10/26/99 07:45:30 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 241,665,155.00 173,511,475.47 5.982500 % 4,706,075.19
R 4,931,942.62 8,655,693.47 0.000000 % 0.00
- -------------------------------------------------------------------------------
246,597,097.62 182,167,168.94 4,706,075.19
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 807,358.53 5,513,433.72 0.00 0.00 168,805,400.28
R 0.00 0.00 256,502.07 0.00 8,912,195.54
- -------------------------------------------------------------------------------
807,358.53 5,513,433.72 256,502.07 0.00 177,717,595.82
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 717.983010 19.473536 3.340815 22.814351 0.000000 698.509474
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:45:30 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 54,017.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SPREAD 0.00
SUBSERVICER ADVANCES THIS MONTH 125,333.60
MASTER SERVICER ADVANCES THIS MONTH 7,043.93
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 54 4,741,034.47
(B) TWO MONTHLY PAYMENTS: 12 980,007.95
(C) THREE OR MORE MONTHLY PAYMENTS: 35 4,249,878.19
FORECLOSURES
NUMBER OF LOANS 42
AGGREGATE PRINCIPAL BALANCE 4,592,649.65
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 177,717,595.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,270
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 757,057.80
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,838,013.16
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.24848880 % 4.75151120 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.98519240 % 5.01480760 %
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 8.32753000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 294.94
POOL TRADING FACTOR: 72.06799980
................................................................................
Run: 10/26/99 07:46:12 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 225,000,000.00 172,499,010.07 5.522500 % 8,200,460.79
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 650,000,000.00 586,331,875.26 5.657500 % 13,864,619.85
SB-I 76110WFS0 1,156.10 5,850,010.40 0.000000 % 0.00
SB-II 76110WFT8 1,689.06 12,725,635.62 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 1,202,406,531.35 22,065,080.64
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 740,867.12 8,941,327.91 0.00 0.00 164,298,549.28
A-I-2 489,957.65 489,957.65 0.00 0.00 98,000,000.00
A-I-3 478,575.30 478,575.30 0.00 0.00 94,000,000.00
A-I-4 198,849.48 198,849.48 0.00 0.00 38,000,000.00
A-I-5 308,823.30 308,823.30 0.00 0.00 58,000,000.00
A-I-6 200,832.64 200,832.64 0.00 0.00 36,000,000.00
A-I-7 206,982.11 206,982.11 0.00 0.00 36,000,000.00
A-I-8 342,303.74 342,303.74 0.00 0.00 65,000,000.00
A-II 2,580,023.12 16,444,642.97 0.00 0.00 572,467,255.41
SB-I 1,742,851.12 1,742,851.12 0.00 0.00 5,850,010.40
SB-II 0.00 0.00 2,089,051.05 0.00 14,814,686.67
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
7,290,065.58 29,355,146.22 2,089,051.05 0.00 1,182,430,501.76
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 766.662267 36.446492 3.292743 39.739235 0.000000 730.215775
A-I-2 1000.000000 0.000000 4.999568 4.999568 0.000000 1000.000000
A-I-3 1000.000000 0.000000 5.091227 5.091227 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.232881 5.232881 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.324540 5.324540 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.578684 5.578684 0.000000 1000.000000
A-I-7 1000.000000 0.000000 5.749503 5.749503 0.000000 1000.000000
A-I-8 1000.000000 0.000000 5.266211 5.266211 0.000000 1000.000000
A-II 902.049039 21.330184 3.969266 25.299450 0.000000 880.718855
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:12 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 476,209.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 11,574.08
SUBSERVICER ADVANCES THIS MONTH 696,757.93
MASTER SERVICER ADVANCES THIS MONTH 13,748.11
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 351 28,359,338.18
(B) TWO MONTHLY PAYMENTS: 156 12,352,179.58
(C) THREE OR MORE MONTHLY PAYMENTS: 250 18,948,644.07
FORECLOSURES
NUMBER OF LOANS 228
AGGREGATE PRINCIPAL BALANCE 18,962,439.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 1,182,430,501.76
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE *,***
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 16
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,458,853.70
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 19,192,241.64
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.45512770 % 1.54487240 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.25235420 % 1.74764580 %
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 10.05195500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.12
POOL TRADING FACTOR: 90.95599338
................................................................................
Run: 10/26/99 07:46:14 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 49,865,502.92 6.210000 % 1,490,809.98
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 58,220,069.50 5.722500 % 2,938,261.97
SB-I 2,188,575.75 3,121,993.66 0.000000 % 0.00
SB-II 1,438,981.44 2,268,753.38 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
- -------------------------------------------------------------------------------
181,377,797.19 160,071,486.46 4,429,071.95
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 258,053.98 1,748,863.96 0.00 0.00 48,374,692.94
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 256,548.95 3,194,810.92 0.00 0.00 55,281,807.53
SB-I 0.00 0.00 150,980.06 0.00 3,272,973.72
SB-II 0.00 0.00 129,820.38 0.00 2,398,573.76
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
- -------------------------------------------------------------------------------
776,528.48 5,205,600.43 280,800.44 0.00 155,923,214.95
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 822.252501 24.582570 4.255157 28.837727 0.000000 797.669931
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 825.698613 41.671521 3.638472 45.309993 0.000000 784.027093
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:14 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 45,079.65
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7.76
SUBSERVICER ADVANCES THIS MONTH 92,969.32
MASTER SERVICER ADVANCES THIS MONTH 1,883.17
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,159,516.43
(B) TWO MONTHLY PAYMENTS: 18 2,002,671.37
(C) THREE OR MORE MONTHLY PAYMENTS: 46 3,662,070.13
FORECLOSURES
NUMBER OF LOANS 28
AGGREGATE PRINCIPAL BALANCE 2,911,505.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 155,923,214.95
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,344
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 225,947.58
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,918,347.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.63228780 % 3.36771220 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.36260230 % 3.63739770 %
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 8.33842200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 282.04
POOL TRADING FACTOR: 85.96598777
................................................................................
Run: 10/26/99 07:46:14 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 38,404,158.81 6.535000 % 1,345,116.49
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 38,369,378.35 5.732500 % 587,232.13
SB-I 76110WGR1 2,561,855.81 2,892,056.25 0.000000 % 0.00
SB-II 76110WGS9 962,705.86 1,253,981.38 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
- -------------------------------------------------------------------------------
170,826,561.67 162,435,574.79 1,932,348.62
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 209,142.65 1,554,259.14 0.00 0.00 37,059,042.32
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 171,074.14 758,306.27 0.00 0.00 37,782,146.22
SB-I 0.00 0.00 106,431.65 0.00 2,998,487.90
SB-II 0.00 0.00 79,628.05 0.00 1,333,609.43
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
- -------------------------------------------------------------------------------
889,293.85 2,821,642.47 186,059.70 0.00 160,689,285.87
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 872.821791 30.570829 4.753242 35.324071 0.000000 842.250962
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 918.235255 14.053322 4.094054 18.147376 0.000000 904.181932
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:14 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 46,806.11
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,606.64
SUBSERVICER ADVANCES THIS MONTH 138,910.51
MASTER SERVICER ADVANCES THIS MONTH 636.87
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 65 5,356,383.61
(B) TWO MONTHLY PAYMENTS: 32 2,916,682.57
(C) THREE OR MORE MONTHLY PAYMENTS: 59 4,512,085.32
FORECLOSURES
NUMBER OF LOANS 19
AGGREGATE PRINCIPAL BALANCE 2,599,795.83
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 160,689,285.87
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,096
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 71,486.57
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,171,354.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 144,018.27
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.44758030 % 2.55241970 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.30405340 % 2.69594660 %
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 8.64245700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 299.84
POOL TRADING FACTOR: 94.06574967
................................................................................
Run: 10/26/99 07:46:12 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 175,000,000.00 151,496,539.08 5.482500 % 8,914,825.63
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 500,000,000.00 480,954,104.48 5.607500 % 7,918,363.83
A-II-2 76110WGQ3 75,000,000.00 71,823,217.78 5.652500 % 975,482.85
SB-I 76110WGT7 6,671.62 4,540,098.48 0.000000 % 0.00
SB-II 76110WGU4 485.64 5,492,426.25 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 1,189,306,386.07 17,808,672.31
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 646,006.49 9,560,832.12 0.00 0.00 142,581,713.45
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 2,097,627.89 10,015,991.72 0.00 0.00 473,035,740.65
A-II-2 315,762.80 1,291,245.65 0.00 0.00 70,847,734.93
SB-I 198,574.21 198,574.21 1,309,961.56 0.00 5,850,060.04
SB-II 0.00 0.00 1,910,655.35 0.00 7,403,081.60
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
- -------------------------------------------------------------------------------
6,013,579.73 23,822,252.04 3,220,616.91 0.00 1,174,718,330.67
===============================================================================
Run: 10/26/99 07:46:12
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-1 865.694509 50.941861 3.691466 54.633327 0.000000 814.752648
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-1 961.908209 15.836728 4.195256 20.031984 0.000000 946.071481
A-II-2 957.642904 13.006438 4.210171 17.216609 0.000000 944.636466
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:12 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 460,340.64
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 18,989.05
SUBSERVICER ADVANCES THIS MONTH 554,614.88
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 340 29,296,135.68
(B) TWO MONTHLY PAYMENTS: 184 15,537,434.54
(C) THREE OR MORE MONTHLY PAYMENTS: 137 11,751,907.56
FORECLOSURES
NUMBER OF LOANS 68
AGGREGATE PRINCIPAL BALANCE 6,302,305.64
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 1,174,718,330.65
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 13,701,172.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 47,735.57
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.15643900 % 0.84356100 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.87180260 % 1.12819740 %
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 9.99470300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.01
POOL TRADING FACTOR: 95.89481365
................................................................................
Run: 10/26/99 07:46:13 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (DEPOSITOR)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-KS3(POOL # 4396)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4396
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1A 76110WGV2 155,000,000.00 155,000,000.00 5.600000 % 3,478,848.72
A-I-1B 76110WGW0 75,000,000.00 75,000,000.00 6.960000 % 1,683,313.90
A-I-2 76110WGX8 110,000,000.00 110,000,000.00 7.075000 % 0.00
A-I-3 76110WGY6 110,000,000.00 110,000,000.00 7.180000 % 0.00
A-I-4 76110WGZ3 30,000,000.00 30,000,000.00 7.380000 % 0.00
A-I-5 76110WHA7 85,000,000.00 85,000,000.00 7.570000 % 0.00
A-I-6 76110WHB5 65,000,000.00 65,000,000.00 6.010000 % 0.00
A-I-7 76110WHC3 70,000,000.00 70,000,000.00 7.505000 % 0.00
A-II-1 76110WHD1 350,000,000.00 350,000,000.00 5.770000 % 3,247,162.43
A-II-2 76110WHE9 400,000,000.00 400,000,000.00 5.720000 % 3,414,631.91
SB-I 76110WHF6 2,496.74 2,496.74 0.000000 % 0.00
SB-II 76110WHG4 11,202.85 11,202.85 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
- -------------------------------------------------------------------------------
1,450,013,699.59 1,450,013,699.59 11,823,956.96
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1A 626,888.89 4,105,737.61 0.00 0.00 151,521,151.28
A-I-1B 435,000.00 2,118,313.90 0.00 0.00 73,316,686.10
A-I-2 648,541.67 648,541.67 0.00 0.00 110,000,000.00
A-I-3 658,166.67 658,166.67 0.00 0.00 110,000,000.00
A-I-4 184,500.00 184,500.00 0.00 0.00 30,000,000.00
A-I-5 536,208.33 536,208.33 0.00 0.00 85,000,000.00
A-I-6 282,136.11 282,136.11 0.00 0.00 65,000,000.00
A-I-7 437,791.67 437,791.67 0.00 0.00 70,000,000.00
A-II-1 1,458,527.78 4,705,690.21 0.00 0.00 346,752,837.57
A-II-2 1,652,444.44 5,067,076.35 0.00 0.00 396,585,368.09
SB-I 0.00 0.00 1,754,517.84 0.00 1,757,014.58
SB-II 0.00 0.00 2,737,887.22 0.00 2,749,090.07
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
- -------------------------------------------------------------------------------
6,920,205.56 18,744,162.52 4,492,405.06 0.00 1,442,682,147.69
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1A 1000.000000 22.444185 4.044444 26.488629 0.000000 977.555815
A-I-1B 1000.000000 22.444185 5.800000 28.244185 0.000000 977.555815
A-I-2 1000.000000 0.000000 5.895833 5.895833 0.000000 1000.000000
A-I-3 1000.000000 0.000000 5.983333 5.983333 0.000000 1000.000000
A-I-4 1000.000000 0.000000 6.150000 6.150000 0.000000 1000.000000
A-I-5 1000.000000 0.000000 6.308333 6.308333 0.000000 1000.000000
A-I-6 1000.000000 0.000000 4.340556 4.340556 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.254167 6.254167 0.000000 1000.000000
A-II-1 1000.000000 9.277607 4.167222 13.444829 0.000000 990.722393
A-II-2 1000.000000 8.536580 4.131111 12.667691 0.000000 991.463420
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:13 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (DEPOSITOR)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-KS3 (POOL # 4396)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4396
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 574,801.91
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 83,223.25
SUBSERVICER ADVANCES THIS MONTH 227,028.05
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 253 20,372,745.15
(B) TWO MONTHLY PAYMENTS: 62 4,838,969.56
(C) THREE OR MORE MONTHLY PAYMENTS: 3 224,500.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 1,442,682,147.69
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 6,335,937.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 170,235.68
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.99905520 % 0.00094480 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.68765780 % 0.31234220 %
BANKRUPTCY AMOUNT AVAILABLE 615,569.00
FRAUD AMOUNT AVAILABLE 43,500,411.00
SPECIAL HAZARD AMOUNT AVAILABLE 14,500,137.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.14184500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.26
POOL TRADING FACTOR: 99.49438051
................................................................................
Run: 10/26/99 07:46:15 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
BEAR STEARNS ASSET BACKED SECURITIES, INC. (DEPOSITOR)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-RS3(POOL # 4399)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4399
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I 07383GAPI 119,817,000.00 119,817,000.00 5.782500 % 1,680,431.26
A-II 07383GAO9 258,025,000.00 258,025,000.00 5.832500 % 2,612,121.49
SB-I 22.71 22.71 0.000000 % 0.00
SB-II 314.09 314.09 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
- -------------------------------------------------------------------------------
377,842,336.80 377,842,336.80 4,292,552.75
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 500,385.75 2,180,817.01 0.00 0.00 118,136,568.74
A-II 1,086,894.48 3,699,015.97 0.00 0.00 255,412,878.51
SB-I 48,048.39 48,048.39 0.00 0.00 22.71
SB-II 664,531.85 664,531.85 0.00 0.00 314.09
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
- -------------------------------------------------------------------------------
2,299,860.47 6,592,413.22 0.00 0.00 373,549,784.05
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 1000.000000 14.024982 4.176250 18.201232 0.000000 985.975018
A-II 1000.000000 10.123521 4.212361 14.335882 0.000000 989.876479
_______________________________________________________________________________
DETERMINATION DATE 20-October-99
DISTRIBUTION DATE 25-October-99
Run: 10/26/99 07:46:15 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
BEAR STEARNS ASSET BACKED SECURITIES, INC. (DEPOSITOR)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-RS3 (POOL # 4399)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4399
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 101,640.11
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,613.53
SUBSERVICER ADVANCES THIS MONTH 63,712.10
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 4,869,015.12
(B) TWO MONTHLY PAYMENTS: 19 2,763,779.38
(C) THREE OR MORE MONTHLY PAYMENTS: 1 219,312.66
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 373,549,784.13
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,779
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 3,920,602.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.99991090 % 0.00008910 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.99990980 % 0.00009020 %
BANKRUPTCY AMOUNT AVAILABLE 137,315.00
FRAUD AMOUNT AVAILABLE 11,335,270.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,300,000.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.83873200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 321.69
POOL TRADING FACTOR: 98.86393020
................................................................................
