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)
January 25, 2000
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 January, 2000 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-KS4 RASC 1999-RS1
RASC 1999-RS2 RASC 1999-RS3 RASC 1999-RS4 RASC 1999-RS5 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: January 25, 2000
<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: January 25, 2000
<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 8,611,579.67 7.150000 % 361,017.33
R 0.00 2,117,526.87 0.000000 % 0.00
- -------------------------------------------------------------------------------
94,350,062.00 10,729,106.54 361,017.33
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 49,598.13 410,615.46 0.00 0.00 8,250,562.34
R 0.00 0.00 42,319.15 0.00 2,159,846.02
- -------------------------------------------------------------------------------
49,598.13 410,615.46 42,319.15 0.00 10,410,408.36
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 91.272645 3.826360 0.525682 4.352042 0.000000 87.446284
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
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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 4,165.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 16,162.63
MASTER SERVICER ADVANCES THIS MONTH 1,209.69
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 6 858,885.95
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 1 168,797.27
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 736,277.20
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 10,410,408.36
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 108
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 126,069.86
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 311,630.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 80.26371660 % 19.73628340 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 79.25301350 % 20.74698650 %
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 11.01519266
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 299.76
POOL TRADING FACTOR: 11.03381189
................................................................................
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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 11,155,045.90 7.000000 % 109,338.03
R 0.00 708,577.41 0.000000 % 20,487.26
- -------------------------------------------------------------------------------
105,461,520.00 11,863,623.31 129,825.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 62,897.04 172,235.07 0.00 0.00 11,045,707.87
R 35,869.46 56,356.72 0.00 0.00 688,090.15
- -------------------------------------------------------------------------------
98,766.50 228,591.79 0.00 0.00 11,733,798.02
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 105.773612 1.036758 0.596398 1.633156 0.000000 104.736854
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
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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 4,582.07
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 12,746.48
MASTER SERVICER ADVANCES THIS MONTH 1,306.24
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 6 327,092.63
(B) TWO MONTHLY PAYMENTS: 6 473,227.94
(C) THREE OR MORE MONTHLY PAYMENTS: 3 484,784.70
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 80,812.35
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 11,733,798.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 139
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 127,889.19
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 122,041.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.02731030 % 5.97268970 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.13582760 % 5.86417240 %
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 10.87091325
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 302.14
POOL TRADING FACTOR: 11.12614153
................................................................................
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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 13,446,568.31 8.000000 % 2,091,964.15
A5-I 76110WAH9 11,122,743.00 11,122,743.00 8.000000 % 0.00
A-II 76110WAJ5 41,561,444.00 9,716,803.23 8.000000 % 17,561.33
R 76110WAK2 100.00 0.00 8.000000 % 0.00
B1-I 1,946,488.25 124,754.25 8.120000 % 2,430.30
B2-I 760,800.00 0.00 8.120000 % 0.00
B3-I 988,100.00 0.00 8.120000 % 0.00
B1-II 1,125,622.41 732,114.83 8.120000 % 1,040.79
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 1.956378 % 0.00
- -------------------------------------------------------------------------------
156,997,402.05 35,142,983.62 2,112,996.57
===============================================================================
_______________________________________________________________________________
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 88,752.70 2,180,716.85 0.00 0.00 11,354,604.16
A5-I 73,414.53 73,414.53 0.00 0.00 11,122,743.00
A-II 64,755.68 82,317.01 0.00 0.00 9,699,241.90
R 0.00 0.00 0.00 0.00 0.00
B1-I 835.78 3,266.08 0.00 0.00 122,323.95
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 4,952.22 5,993.01 0.00 0.00 731,074.04
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 56,888.39 56,888.39 0.00 0.00 0.00
- -------------------------------------------------------------------------------
289,599.30 2,402,595.87 0.00 0.00 33,029,987.05
===============================================================================
_______________________________________________________________________________
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 815.833534 126.924169 5.384826 132.308995 0.000000 688.909365
A5-I 1000.000000 0.000000 6.600398 6.600398 0.000000 1000.000000
A-II 233.793687 0.422539 1.558071 1.980610 0.000000 233.371148
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
B1-I 64.091962 1.248556 0.429378 1.677934 0.000000 62.843407
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 650.408897 0.924635 4.399539 5.324174 0.000000 649.484263
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-January-00
DISTRIBUTION DATE 25-January-00
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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 10,007.47
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 457.06
SUBSERVICER ADVANCES THIS MONTH 31,607.06
MASTER SERVICER ADVANCES THIS MONTH 5,414.23
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 3 1,575,928.37
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 1 252,293.10
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 1,237,503.09
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 33,029,987.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 150
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 557,729.38
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,617,085.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 420,544.94
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.56176340 % 2.43823660 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.41629330 % 2.58370670 %
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 10.03250700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 156.98
POOL TRADING FACTOR: 21.03855645
................................................................................
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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 14,601,642.04 7.000000 % 1,561,505.21
R 4,664,765.74 6,219,687.28 0.000000 % 0.00
- -------------------------------------------------------------------------------
103,661,454.74 20,821,329.32 1,561,505.21
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 79,859.73 1,641,364.94 0.00 0.00 13,040,136.83
R 82,768.18 82,768.18 0.00 0.00 6,219,687.28
- -------------------------------------------------------------------------------
162,627.91 1,724,133.12 0.00 0.00 19,259,824.11
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 147.496267 15.773307 0.806691 16.579998 0.000000 131.722959
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
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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 7,271.16
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 10,388.37
MASTER SERVICER ADVANCES THIS MONTH 630.80
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 2 199,322.66
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 6 472,531.58
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 498,441.83
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 19,259,824.11
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 223
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 73,963.74
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,541,897.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 70.12828920 % 29.87171080 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 67.70641700 % 32.29358300 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 192,120.00
SPECIAL HAZARD AMOUNT AVAILABLE 679,472.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.29888655
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 289.46
POOL TRADING FACTOR: 18.57954257
................................................................................
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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 8,194,657.50 6.900000 % 229,609.79
R 0.00 644,637.48 0.000000 % 17,047.54
- -------------------------------------------------------------------------------
77,178,720.00 8,839,294.98 246,657.33
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 44,939.10 274,548.89 0.00 0.00 7,965,047.71
R 29,346.43 46,393.97 0.00 0.00 627,589.94
- -------------------------------------------------------------------------------
74,285.53 320,942.86 0.00 0.00 8,592,637.65
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 106.177681 2.975040 0.582273 3.557313 0.000000 103.202641
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
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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 3,592.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 11,544.02
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 163,236.93
(B) TWO MONTHLY PAYMENTS: 4 421,762.07
(C) THREE OR MORE MONTHLY PAYMENTS: 3 227,823.16
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 455,995.59
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 8,592,637.65
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 79
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 241,468.18
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.70713920 % 7.29286080 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.69618990 % 7.30381010 %
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 11.15544355
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 309.74
POOL TRADING FACTOR: 11.13342855
................................................................................
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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 4,931,323.46 7.040000 % 409,493.77
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 352,608.35 140,366.13 0.000000 % 523.64
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 3,054,970.89 7.980000 % 0.00
B-2 904,165.00 679,633.08 7.980000 % 0.00
B-3 904,163.45 0.00 7.980000 % 0.00
SPRED 0.00 0.00 1.477528 % 0.00
- -------------------------------------------------------------------------------
100,462,675.80 34,893,026.56 410,017.41
===============================================================================
_______________________________________________________________________________
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 28,924.33 438,418.10 0.00 0.00 4,521,829.69
A-3 74,084.38 74,084.38 0.00 0.00 12,000,000.00
A-4 93,657.03 93,657.03 0.00 0.00 14,086,733.00
A-5 0.00 523.64 0.00 0.00 139,842.49
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 9,198.54 9,198.54 0.00 0.00 3,054,970.89
B-2 0.00 0.00 0.00 0.00 556,512.98
B-3 0.00 0.00 0.00 0.00 0.00
SPRED 42,953.78 42,953.78 0.00 0.00 0.00
- -------------------------------------------------------------------------------
248,818.06 658,835.47 0.00 0.00 34,359,889.05
===============================================================================
_______________________________________________________________________________
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-2 176.118695 14.624778 1.033012 15.657790 0.000000 161.493918
A-3 1000.000000 0.000000 6.173698 6.173698 0.000000 1000.000000
A-4 1000.000000 0.000000 6.648598 6.648598 0.000000 1000.000000
A-5 398.079427 1.485047 0.000000 1.485047 0.000000 396.594380
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-1 950.281569 0.000000 2.861305 2.861305 0.000000 950.281569
B-2 751.669308 0.000000 0.000000 0.000000 0.000000 615.499361
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-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 15:28:36 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 13,426.93
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,144.88
SUBSERVICER ADVANCES THIS MONTH 25,305.43
MASTER SERVICER ADVANCES THIS MONTH 4,586.69
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 2 136,460.12
(B) TWO MONTHLY PAYMENTS: 7 675,459.66
(C) THREE OR MORE MONTHLY PAYMENTS: 3 128,221.10
FORECLOSURES
NUMBER OF LOANS 18
AGGREGATE PRINCIPAL BALANCE 1,933,673.17
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 34,359,889.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 369
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 565,356.30
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 316,521.03
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 89.25376090 % 10.74623910 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 89.44629180 % 10.55370820 %
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 9.76831447
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 288.95
POOL TRADING FACTOR: 34.20164631
................................................................................
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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 18,560,734.90 6.850000 % 813,421.54
R 0.00 1,437,310.08 0.000000 % 0.00
- -------------------------------------------------------------------------------
143,731,008.00 19,998,044.98 813,421.54
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 101,466.27 914,887.81 0.00 0.00 17,747,313.36
R 36,871.02 36,871.02 0.00 0.00 1,437,310.08
- -------------------------------------------------------------------------------
138,337.29 951,758.83 0.00 0.00 19,184,623.44
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 129.135217 5.659332 0.705946 6.365278 0.000000 123.475885
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 15:28:37 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 8,072.61
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 11,431.07
MASTER SERVICER ADVANCES THIS MONTH 1,608.60
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 5 398,771.85
(B) TWO MONTHLY PAYMENTS: 1 83,419.05
(C) THREE OR MORE MONTHLY PAYMENTS: 2 134,025.96
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 568,164.06
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 19,184,623.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 185
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 180,571.68
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 731,823.39
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 92.81274700 % 7.18725300 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.50800990 % 7.49199010 %
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 11.22410381
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 312.88
POOL TRADING FACTOR: 13.34758846
................................................................................
Run: 01/24/00 16:01:20 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-KS4(POOL # 4223)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4223
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110WAW6 33,524,000.00 0.00 0.125000 % 0.00
A-I-2 76110WAX4 35,203,000.00 1,950,715.66 7.300000 % 885,056.40
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 30,833,246.26 6.781250 % 1,361,656.95
R 1,035.81 6,999,328.56 0.000000 % 0.00
- -------------------------------------------------------------------------------
317,942,035.81 65,978,290.48 2,246,713.35
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 11,865.25 896,921.65 0.00 0.00 1,065,659.26
A-I-3 47,325.82 47,325.82 0.00 0.00 7,449,000.00
A-I-4 76,850.08 76,850.08 0.00 0.00 11,675,000.00
A-I-5 47,428.25 47,428.25 0.00 0.00 7,071,000.00
A-II 168,412.58 1,530,069.53 0.00 0.00 29,471,589.31
R 7,132.64 7,132.64 0.00 0.00 6,999,328.56
- -------------------------------------------------------------------------------
359,014.62 2,605,727.97 0.00 0.00 63,731,577.13
===============================================================================
_______________________________________________________________________________
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 55.413336 25.141505 0.337052 25.478557 0.000000 30.271831
A-I-3 1000.000000 0.000000 6.353312 6.353312 0.000000 1000.000000
A-I-4 1000.000000 0.000000 6.582448 6.582448 0.000000 1000.000000
A-I-5 1000.000000 0.000000 6.707432 6.707432 0.000000 1000.000000
A-II 138.253899 6.105565 0.755149 6.860714 0.000000 132.148334
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:21 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 26,452.86
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 61.14
SUBSERVICER ADVANCES THIS MONTH 79,934.86
MASTER SERVICER ADVANCES THIS MONTH 13,587.21
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 1,969,528.74
(B) TWO MONTHLY PAYMENTS: 6 688,084.42
(C) THREE OR MORE MONTHLY PAYMENTS: 21 1,806,976.68
FORECLOSURES
NUMBER OF LOANS 36
AGGREGATE PRINCIPAL BALANCE 4,313,285.17
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 63,731,577.13
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 655
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 14
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,568,211.78
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,864,773.11
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 89.39146720 % 10.60853280 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 89.01748730 % 10.98251270 %
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 10.64767100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 306.05
POOL TRADING FACTOR: 20.04503021
................................................................................
Run: 01/24/00 15:28:43 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-KS5(POOL # 4232)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4232
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110WBC9 200,011,758.00 29,154,244.45 6.756250 % 1,491,012.34
R 0.40 2,111,600.10 0.000000 % 0.00
- -------------------------------------------------------------------------------
200,011,758.40 31,265,844.55 1,491,012.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 158,672.99 1,649,685.33 0.00 0.00 27,663,232.11
R 76,221.71 76,221.71 0.00 0.00 2,111,600.10
- -------------------------------------------------------------------------------
234,894.70 1,725,907.04 0.00 0.00 29,774,832.21
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 145.762653 7.454623 0.793318 8.247941 0.000000 138.308029
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 15:28:43 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 12,122.46
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,230.14
MASTER SERVICER ADVANCES THIS MONTH 11,614.51
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 11 1,365,865.27
(B) TWO MONTHLY PAYMENTS: 4 310,870.53
(C) THREE OR MORE MONTHLY PAYMENTS: 14 1,404,293.26
FORECLOSURES
NUMBER OF LOANS 19
AGGREGATE PRINCIPAL BALANCE 2,155,548.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 29,774,832.21
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 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 1,324,132.40
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,401,951.44
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 93.24630400 % 6.75369600 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.90810410 % 7.09189590 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 284,827.00
SPECIAL HAZARD AMOUNT AVAILABLE 978,277.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 11.32081790
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 321.11
POOL TRADING FACTOR: 14.88654090
................................................................................
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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 1,943,027.17 7.070000 % 1,280,526.92
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 32,147,740.78 6.721250 % 1,458,093.28
R 1.60 3,012,746.13 0.000000 % 89,347.62
- -------------------------------------------------------------------------------
273,602,645.60 74,847,115.08 2,827,967.82
===============================================================================
_______________________________________________________________________________
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 11,447.67 1,291,974.59 0.00 0.00 662,500.25
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 174,058.81 1,632,152.09 0.00 0.00 30,689,647.50
R 185,920.46 275,268.08 0.00 0.00 2,923,398.51
- -------------------------------------------------------------------------------
608,575.73 3,436,543.55 0.00 0.00 72,019,147.26
===============================================================================
_______________________________________________________________________________
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 60.719599 40.016466 0.357740 40.374206 0.000000 20.703133
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 211.694609 9.601623 1.146187 10.747810 0.000000 202.092986
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:21 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 29,886.14
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 104,766.78
MASTER SERVICER ADVANCES THIS MONTH 14,100.01
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 3,583,571.08
(B) TWO MONTHLY PAYMENTS: 12 1,242,638.29
(C) THREE OR MORE MONTHLY PAYMENTS: 29 2,861,752.29
FORECLOSURES
NUMBER OF LOANS 31
AGGREGATE PRINCIPAL BALANCE 3,490,348.50
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 72,019,147.26
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 803
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 1,544,114.67
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,768,702.60
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.97479990 % 4.02520010 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.94080380 % 4.05919620 %
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 10.77099400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 281.13
POOL TRADING FACTOR: 26.32253321
................................................................................
Run: 01/24/00 16:01:21 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 53,518,685.67 6.726250 % 1,025,125.45
A-II 76110WBL9 115,163,718.00 18,267,592.90 6.721250 % 180,149.75
SB-I 797KS2SBI 0.22 6,252,621.88 0.000000 % 1,769,773.81
SB-II 97KS2SBII 0.37 2,879,092.96 0.000000 % 1,293,091.52
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 80,917,993.41 4,268,140.53
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 284,513.95 1,309,639.40 0.00 0.00 52,493,560.22
A-II 95,038.65 275,188.40 0.00 0.00 18,087,443.15
SB-I 0.00 1,769,773.81 0.00 0.00 4,458,389.58
SB-II 0.00 1,293,091.52 0.00 0.00 1,586,001.44
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
- -------------------------------------------------------------------------------
379,552.60 4,647,693.13 0.00 0.00 76,625,394.39
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 213.984976 4.098782 1.137579 5.236361 0.000000 209.886194
A-II 158.622813 1.564293 0.825248 2.389541 0.000000 157.058520
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:21 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 31,786.31
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 156,156.95
MASTER SERVICER ADVANCES THIS MONTH 17,761.60
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,585,250.97
(B) TWO MONTHLY PAYMENTS: 15 1,537,486.24
(C) THREE OR MORE MONTHLY PAYMENTS: 29 3,266,703.48
FORECLOSURES
NUMBER OF LOANS 55
AGGREGATE PRINCIPAL BALANCE 7,881,522.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 76,625,394.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 700
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 21
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,962,585.33
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,211,646.96
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 44,117.72
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 88.71485260 % 11.28514740 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.11176520 % 7.88823480 %
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 11.62078100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 326.21
POOL TRADING FACTOR: 20.97782173
................................................................................
Run: 01/24/00 16:01:21 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 9,099,483.87 6.680000 % 2,437,528.29
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 24,057,391.32 6.711250 % 2,931,684.37
A-II-2 76110WBW5 60,012,000.00 9,179,596.93 6.691250 % 941,894.73
M-II-1 76110WBZ8 15,751,000.00 15,751,000.00 6.901250 % 0.00
M-II-2 76110WCA2 9,226,000.00 9,226,000.00 7.061250 % 0.00
B-II 76110WCC8 5,901,000.00 5,901,000.00 7.531250 % 0.00
SB-I 76110WCD6 996.58 2,000,420.00 0.000000 % 0.00
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
- -------------------------------------------------------------------------------
450,045,157.80 152,956,912.12 6,311,107.39
===============================================================================
_______________________________________________________________________________
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 50,653.79 2,488,182.08 0.00 0.00 6,661,955.58
A-I-4 93,725.00 93,725.00 0.00 0.00 16,300,000.00
A-I-5 133,146.25 133,146.25 0.00 0.00 22,038,000.00
A-I-6 105,800.00 105,800.00 0.00 0.00 18,400,000.00
M-I-1 53,636.92 53,636.92 0.00 0.00 9,002,000.00
M-I-2 26,343.63 26,343.63 0.00 0.00 4,301,000.00
B-I 17,218.88 17,218.88 0.00 0.00 2,701,000.00
A-II-1 130,061.11 3,061,745.48 0.00 0.00 21,125,706.95
A-II-2 49,479.62 991,374.35 0.00 0.00 8,237,702.20
M-II-1 87,565.17 87,565.17 0.00 0.00 15,751,000.00
M-II-2 52,479.60 52,479.60 0.00 0.00 9,226,000.00
B-II 35,800.42 35,800.42 0.00 0.00 5,901,000.00
SB-I 45,402.11 45,402.11 0.00 0.00 2,000,420.00
SB-II 49,447.89 49,447.89 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
- -------------------------------------------------------------------------------
930,760.39 7,241,867.78 0.00 0.00 146,645,804.73
===============================================================================
Run: 01/24/00 16:01:21
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-3 277.423289 74.314887 1.544323 75.859210 0.000000 203.108402
A-I-4 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I-5 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
M-I-1 1000.000000 0.000000 5.958334 5.958334 0.000000 1000.000000
M-I-2 1000.000000 0.000000 6.125001 6.125001 0.000000 1000.000000
B-I 1000.000000 0.000000 6.375002 6.375002 0.000000 1000.000000
A-II-1 151.198794 18.425403 0.817424 19.242827 0.000000 132.773391
A-II-2 152.962690 15.695106 0.824495 16.519601 0.000000 137.267583
M-II-1 1000.000000 0.000000 5.559340 5.559340 0.000000 1000.000000
M-II-2 1000.000000 0.000000 5.688229 5.688229 0.000000 1000.000000
B-II 1000.000000 0.000000 6.066840 6.066840 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:22 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 61,028.93
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 199,132.90
MASTER SERVICER ADVANCES THIS MONTH 27,011.51
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 57 4,774,278.15
(B) TWO MONTHLY PAYMENTS: 23 1,533,270.80
(C) THREE OR MORE MONTHLY PAYMENTS: 57 4,553,445.33
FORECLOSURES
NUMBER OF LOANS 118
AGGREGATE PRINCIPAL BALANCE 9,846,965.62
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 146,645,804.73
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,717
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 40
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,816,526.45
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,406,485.75
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 38,108.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 64.77279830 % 0.00000000 % 35.22720170 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 63.25674630 % 0.00000000 % 36.74325370 %
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 10.99608700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 299.51
POOL TRADING FACTOR: 32.58468671
................................................................................
Run: 01/24/00 16:01:22 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 0.00 6.460000 % 0.00
A-I-3 76110WCH7 32,000,000.00 24,431,655.53 6.560000 % 2,348,551.16
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 64,646,444.20 6.701250 % 2,492,825.00
A-II-2 76110WCN4 200,020,000.00 65,420,933.73 6.676250 % 4,648,383.25
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
- -------------------------------------------------------------------------------
600,136,273.41 237,758,201.24 9,489,759.41
===============================================================================
_______________________________________________________________________________
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-3 133,559.72 2,482,110.88 0.00 0.00 22,083,104.37
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-1 348,976.32 2,841,801.32 0.00 0.00 62,153,619.20
A-II-2 351,839.69 5,000,222.94 0.00 0.00 60,772,550.48
SB-I 210,814.71 210,814.71 0.00 0.00 2,000,557.69
SB-II 370,050.66 370,050.66 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
- -------------------------------------------------------------------------------
1,829,852.65 11,319,612.06 0.00 0.00 228,268,441.83
===============================================================================
_______________________________________________________________________________
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-3 763.489235 73.392224 4.173741 77.565965 0.000000 690.097012
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-1 323.135280 12.460387 1.744358 14.204745 0.000000 310.674894
A-II-2 327.071961 23.239592 1.759023 24.998615 0.000000 303.832369
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:22 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 94,592.52
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 259,369.63
MASTER SERVICER ADVANCES THIS MONTH 50,087.64
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 85 8,664,316.72
(B) TWO MONTHLY PAYMENTS: 27 2,517,474.94
(C) THREE OR MORE MONTHLY PAYMENTS: 61 4,767,963.08
FORECLOSURES
NUMBER OF LOANS 133
AGGREGATE PRINCIPAL BALANCE 12,666,040.35
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 228,268,441.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,534
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 55
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 5,443,083.22
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,733,655.84
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 52,252.73
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.79313450 % 4.20686550 %
CURRENT PREPAYMENT PERCENTAGE 0.00000000 % 100.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.61824330 % 4.38175670 %
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 10.76961500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 313.16
POOL TRADING FACTOR: 38.03610146
................................................................................
Run: 01/24/00 16:01:23 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 46,527,902.03 6.285000 % 5,201,965.16
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 61,045,066.04 6.701250 % 5,009,990.49
A-II-2 76110WDB9 325,000,000.00 153,121,204.68 6.676250 % 11,107,824.17
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
- -------------------------------------------------------------------------------
855,521,326.07 451,443,037.35 21,319,779.82
===============================================================================
_______________________________________________________________________________
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-3 243,689.89 5,445,655.05 0.00 0.00 41,325,936.87
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-1 329,535.26 5,339,525.75 0.00 0.00 56,035,075.55
A-II-2 823,499.66 11,931,323.83 0.00 0.00 142,013,380.51
SB-I 455,790.86 455,790.86 0.00 0.00 3,424,032.30
SB-II 618,479.49 618,479.49 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
- -------------------------------------------------------------------------------
3,434,991.39 24,754,771.21 0.00 0.00 430,123,257.53
===============================================================================
Run: 01/24/00 16:01:23
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-3 465.279020 52.019652 2.436899 54.456551 0.000000 413.259369
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-1 406.967107 33.399937 2.196902 35.596839 0.000000 373.567170
A-II-2 471.142168 34.177921 2.533845 36.711766 0.000000 436.964248
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:23 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 181,253.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 423,101.62
MASTER SERVICER ADVANCES THIS MONTH 57,648.52
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 133 11,721,475.93
(B) TWO MONTHLY PAYMENTS: 56 6,004,430.32
(C) THREE OR MORE MONTHLY PAYMENTS: 107 8,486,283.42
FORECLOSURES
NUMBER OF LOANS 213
AGGREGATE PRINCIPAL BALANCE 21,592,308.89
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 430,123,257.53
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,682
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 76
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 6,351,621.86
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 20,579,602.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 96.61067660 % 3.38932340 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.44267910 % 3.55732090 %
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 10.56741000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 314.16
POOL TRADING FACTOR: 50.27615846
................................................................................
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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 3,908,509.86 6.400000 % 3,908,509.86
A-I-3 76110WDG8 72,000,000.00 72,000,000.00 6.240000 % 2,973,220.70
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 370,000,000.00 206,476,477.48 6.646250 % 8,569,447.35
A-II-2 76110WDM5 75,000,000.00 38,321,951.43 6.631250 % 1,532,719.32
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 4,463,528.05 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
- -------------------------------------------------------------------------------
846,983,489.79 531,429,513.53 16,983,897.23
===============================================================================
_______________________________________________________________________________
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 20,845.39 3,929,355.25 0.00 0.00 0.00
A-I-3 374,400.00 3,347,620.70 0.00 0.00 69,026,779.30
A-I-4 174,762.50 174,762.50 0.00 0.00 33,000,000.00
A-I-5 101,333.33 101,333.33 0.00 0.00 19,000,000.00
A-I-6 108,083.33 108,083.33 0.00 0.00 20,000,000.00
A-I-7 99,450.00 99,450.00 0.00 0.00 18,000,000.00
A-I-8 94,135.83 94,135.83 0.00 0.00 16,600,000.00
A-I-9 181,223.75 181,223.75 0.00 0.00 33,900,000.00
A-II-1 1,105,459.29 9,674,906.64 0.00 0.00 197,907,030.13
A-II-2 204,709.74 1,737,429.06 0.00 0.00 36,789,232.11
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 35,890.49 35,890.49 0.00 0.00 4,240,465.72
SB-I 613,063.64 613,063.64 0.00 0.00 0.00
SB-II 493,741.65 493,741.65 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
- -------------------------------------------------------------------------------
3,969,334.20 20,953,231.43 0.00 0.00 514,222,553.97
===============================================================================
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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 60.130921 60.130921 0.320698 60.451619 0.000000 0.000000
A-I-3 1000.000000 41.294732 5.200000 46.494732 0.000000 958.705268
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-1 558.044534 23.160669 2.987728 26.148397 0.000000 534.883865
A-II-2 510.959352 20.436258 2.729463 23.165721 0.000000 490.523095
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-3 822.595157 0.000000 6.614351 6.614351 0.000000 781.486422
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
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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 214,610.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 532,995.63
MASTER SERVICER ADVANCES THIS MONTH 66,948.57
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 183 15,654,616.98
(B) TWO MONTHLY PAYMENTS: 99 8,086,780.88
(C) THREE OR MORE MONTHLY PAYMENTS: 213 16,647,423.62
FORECLOSURES
NUMBER OF LOANS 235
AGGREGATE PRINCIPAL BALANCE 19,410,001.94
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 514,222,553.97
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 5,903
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 95
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 7,365,004.15
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 15,256,640.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 623,807.73
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.78609810 % 7.74966400 % 5.46423830 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.38731190 % 8.00898360 % 5.60370450 %
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 10.12353900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 313.65
POOL TRADING FACTOR: 60.71222877
................................................................................
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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 51,817,539.60 6.611250 % 8,158,808.12
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 6.981250 % 0.00
A-I-7 76110WEF9 45,000,000.00 45,000,000.00 5.980000 % 0.00
A-II 76110WEG7 425,000,000.00 283,831,546.82 6.681250 % 9,650,474.07
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
- -------------------------------------------------------------------------------
875,250,839.29 633,474,964.93 17,809,282.19
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 275,966.18 8,434,774.30 0.00 0.00 43,658,731.48
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-6 276,245.93 276,245.93 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 1,527,614.89 11,178,088.96 0.00 0.00 274,181,072.75
SB-I 523,575.32 523,575.32 0.00 0.00 6,076,634.64
SB-II 627,661.70 627,661.70 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
- -------------------------------------------------------------------------------
4,382,859.86 22,192,142.05 0.00 0.00 615,665,682.74
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 306.612660 48.276971 1.632936 49.909907 0.000000 258.335689
A-I-2 1000.000000 0.000000 4.858333 4.858333 0.000000 1000.000000
A-I-3 1000.000000 0.000000 4.925000 4.925000 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.029167 5.029167 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.133333 5.133333 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.623785 5.623785 0.000000 1000.000000
A-I-7 1000.000000 0.000000 4.983333 4.983333 0.000000 1000.000000
A-II 667.838934 22.706998 3.594388 26.301386 0.000000 645.131936
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
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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 257,288.19
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 671,264.70
MASTER SERVICER ADVANCES THIS MONTH 57,000.79
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 263 23,847,487.13
(B) TWO MONTHLY PAYMENTS: 120 9,149,398.35
(C) THREE OR MORE MONTHLY PAYMENTS: 277 21,733,488.75
FORECLOSURES
NUMBER OF LOANS 249
AGGREGATE PRINCIPAL BALANCE 20,804,235.48
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 615,665,682.74
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 7,112
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 86
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 6,358,968.93
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 15,652,423.01
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 256,444.20
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.36297730 % 2.63702270 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.28669650 % 2.71330350 %
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 10.01117400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 315.06
POOL TRADING FACTOR: 70.34162723
................................................................................
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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 350,000,000.00 284,296,835.28 6.602000 % 8,205,303.72
A-II-1 76110WFA9 300,000,000.00 226,947,208.95 7.031250 % 10,369,446.46
A-II-2 76110WFB7 175,000,000.00 129,811,509.51 7.101250 % 5,852,658.86
SB-I 76110WFC5 88,694.02 3,500,886.94 0.000000 % 0.00
SB-II 76110WFD3 90,412.42 12,783,470.01 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
- -------------------------------------------------------------------------------
825,179,106.44 657,339,910.69 24,427,409.04
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 1,563,748.08 9,769,051.80 0.00 0.00 276,091,531.56
A-II-1 1,285,443.18 11,654,889.64 0.00 0.00 216,577,762.49
A-II-2 742,580.43 6,595,239.29 0.00 0.00 123,958,850.65
SB-I 596,814.55 596,814.55 0.00 0.00 3,500,886.94
SB-II 0.00 0.00 772,108.09 0.00 13,555,578.10
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
- -------------------------------------------------------------------------------
4,188,586.24 28,615,995.28 772,108.09 0.00 633,684,609.74
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 812.276672 23.443725 4.467852 27.911577 0.000000 788.832947
A-II-1 756.490697 34.564822 4.284811 38.849633 0.000000 721.925875
A-II-2 741.780054 33.443765 4.243317 37.687082 0.000000 708.336289
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
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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 267,224.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 629,330.23
MASTER SERVICER ADVANCES THIS MONTH 34,550.22
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 314 26,134,501.21
(B) TWO MONTHLY PAYMENTS: 95 8,200,625.22
(C) THREE OR MORE MONTHLY PAYMENTS: 225 18,355,223.74
FORECLOSURES
NUMBER OF LOANS 222
AGGREGATE PRINCIPAL BALANCE 18,732,728.67
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 633,684,609.74
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 7,105
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 55
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 4,024,369.05
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 22,530,135.07
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 354,213.24
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.52268850 % 2.47731150 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.30836680 % 2.69163320 %
BANKRUPTCY AMOUNT AVAILABLE 360,553.00
FRAUD AMOUNT AVAILABLE 13,086,258.00
SPECIAL HAZARD AMOUNT AVAILABLE 6,543,129.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.95408200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 327.12
POOL TRADING FACTOR: 76.79358394
................................................................................
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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 241,665,155.00 160,552,302.79 7.081250 % 3,156,627.05
R 4,931,942.62 9,247,391.16 0.000000 % 0.00
- -------------------------------------------------------------------------------
246,597,097.62 169,799,693.95 3,156,627.05
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 915,844.97 4,072,472.02 0.00 0.00 157,395,675.74
R 181,288.34 181,288.34 0.00 0.00 9,247,391.16
- -------------------------------------------------------------------------------
1,097,133.31 4,253,760.36 0.00 0.00 166,643,066.90
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 664.358512 13.061987 3.789727 16.851714 0.000000 651.296525
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 15:29:19 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 49,996.97
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SPREAD 0.00
SUBSERVICER ADVANCES THIS MONTH 143,094.84
MASTER SERVICER ADVANCES THIS MONTH 9,336.95
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 50 5,766,164.94
(B) TWO MONTHLY PAYMENTS: 24 2,078,688.60
(C) THREE OR MORE MONTHLY PAYMENTS: 42 4,077,760.58
FORECLOSURES
NUMBER OF LOANS 40
AGGREGATE PRINCIPAL BALANCE 4,774,695.48
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 166,643,066.90
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,195
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 14
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 961,197.56
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,915,665.75
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 94.55394120 % 5.44605880 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.45077950 % 5.54922050 %
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 8.42622500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 291.64
POOL TRADING FACTOR: 67.57705930
................................................................................
Run: 01/24/00 16:01:31 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 225,000,000.00 144,218,796.38 6.621250 % 13,590,976.18
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 650,000,000.00 541,426,814.85 6.756250 % 20,228,272.72
SB-I 76110WFS0 1,156.10 5,850,010.40 0.000000 % 0.00
SB-II 76110WFT8 1,689.06 18,133,602.09 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
- -------------------------------------------------------------------------------
1,300,002,845.16 1,134,629,223.72 33,819,248.90
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 769,166.36 14,360,142.54 0.00 0.00 130,627,820.20
A-I-2 489,958.18 489,958.18 0.00 0.00 98,000,000.00
A-I-3 478,575.82 478,575.82 0.00 0.00 94,000,000.00
A-I-4 198,849.70 198,849.70 0.00 0.00 38,000,000.00
A-I-5 308,823.64 308,823.64 0.00 0.00 58,000,000.00
A-I-6 200,832.86 200,832.86 0.00 0.00 36,000,000.00
A-I-7 206,982.33 206,982.33 0.00 0.00 36,000,000.00
A-I-8 342,304.11 342,304.11 0.00 0.00 65,000,000.00
A-II 2,946,734.24 23,175,006.96 0.00 0.00 521,198,542.13
SB-I 1,414,135.40 1,414,135.40 0.00 0.00 5,850,010.40
SB-II 935,131.00 935,131.00 391,446.05 0.00 18,525,048.14
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
- -------------------------------------------------------------------------------
8,291,493.64 42,110,742.54 391,446.05 0.00 1,101,201,420.87
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 640.972428 60.404339 3.418517 63.822856 0.000000 580.568090
A-I-2 1000.000000 0.000000 4.999573 4.999573 0.000000 1000.000000
A-I-3 1000.000000 0.000000 5.091232 5.091232 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.232887 5.232887 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.324546 5.324546 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.578691 5.578691 0.000000 1000.000000
A-I-7 1000.000000 0.000000 5.749509 5.749509 0.000000 1000.000000
A-I-8 1000.000000 0.000000 5.266217 5.266217 0.000000 1000.000000
A-II 832.964331 31.120420 4.533437 35.653857 0.000000 801.843911
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:31 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 445,559.81
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH ***,***.**
MASTER SERVICER ADVANCES THIS MONTH 30,022.19
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 506 42,792,953.99
(B) TWO MONTHLY PAYMENTS: 235 20,315,811.80
(C) THREE OR MORE MONTHLY PAYMENTS: 412 29,910,029.92
FORECLOSURES
NUMBER OF LOANS 291
AGGREGATE PRINCIPAL BALANCE 23,871,378.41
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 1,101,201,420.87
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE *,***
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 40
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 3,293,638.50
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 32,117,710.65
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 139,648.06
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.88621590 % 2.11378410 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.78650320 % 2.21349680 %
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 10.06336100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.70
POOL TRADING FACTOR: 84.70761622
................................................................................
Run: 01/24/00 16:01:34 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 44,960,648.20 6.210000 % 1,807,858.87
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 51,606,477.01 6.821250 % 1,843,778.19
SB-I 2,188,575.75 3,567,090.43 0.000000 % 0.00
SB-II 1,438,981.44 2,577,192.69 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
- -------------------------------------------------------------------------------
181,377,797.19 149,306,575.33 3,651,637.06
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 232,671.35 2,040,530.22 0.00 0.00 43,152,789.33
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 282,168.02 2,125,946.21 0.00 0.00 49,762,698.82
SB-I 0.00 0.00 144,136.60 0.00 3,711,227.03
SB-II 0.00 0.00 68,783.11 0.00 2,645,975.80
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
- -------------------------------------------------------------------------------
776,764.92 4,428,401.98 212,919.71 0.00 145,867,857.98
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 741.374362 29.810518 3.836612 33.647130 0.000000 711.563844
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 731.902192 26.149146 4.001812 30.150958 0.000000 705.753046
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:34 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 41,664.60
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 110,485.99
MASTER SERVICER ADVANCES THIS MONTH 5,610.11
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 42 4,368,746.91
(B) TWO MONTHLY PAYMENTS: 14 1,051,633.81
(C) THREE OR MORE MONTHLY PAYMENTS: 51 4,197,176.77
FORECLOSURES
NUMBER OF LOANS 35
AGGREGATE PRINCIPAL BALANCE 3,434,972.14
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 145,867,857.98
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,271
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 634,996.84
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,214,109.63
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.88478730 % 4.11521270 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.64180700 % 4.35819300 %
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 8.36290200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 280.00
POOL TRADING FACTOR: 80.42211353
................................................................................
Run: 01/24/00 16:01:34 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 34,552,606.77 6.535000 % 2,365,013.74
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 36,817,285.54 6.831250 % 890,221.49
SB-I 76110WGR1 2,561,855.81 3,207,288.10 0.000000 % 0.00
SB-II 76110WGS9 962,705.86 1,482,881.47 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
- -------------------------------------------------------------------------------
170,826,561.67 157,576,061.88 3,255,235.23
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 188,167.74 2,553,181.48 0.00 0.00 32,187,593.03
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 202,603.73 1,092,825.22 0.00 0.00 35,927,064.05
SB-I 0.00 0.00 103,218.25 0.00 3,310,506.35
SB-II 0.00 0.00 62,511.87 0.00 1,545,393.34
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
- -------------------------------------------------------------------------------
899,848.53 4,155,083.76 165,730.12 0.00 154,486,556.77
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 785.286518 53.750312 4.276540 58.026852 0.000000 731.536205
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 881.091407 21.304300 4.848603 26.152903 0.000000 859.787107
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:34 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 44,873.49
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 181,105.26
MASTER SERVICER ADVANCES THIS MONTH 1,345.13
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 64 5,105,291.18
(B) TWO MONTHLY PAYMENTS: 36 3,031,682.99
(C) THREE OR MORE MONTHLY PAYMENTS: 96 7,773,858.52
FORECLOSURES
NUMBER OF LOANS 34
AGGREGATE PRINCIPAL BALANCE 3,544,077.63
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 154,486,556.77
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,047
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 139,396.73
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,857,312.57
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.02355200 % 2.97644800 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.85674940 % 3.14325060 %
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 8.65594400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 297.20
POOL TRADING FACTOR: 90.43473993
................................................................................
Run: 01/24/00 16:01:31 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 175,000,000.00 127,567,512.60 6.581250 % 9,857,867.22
A-I-2 76110WFZ4 70,000,000.00 69,812,823.84 6.625000 % 3,076,563.32
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 500,000,000.00 459,331,774.43 6.706250 % 8,348,419.19
A-II-2 76110WGQ3 75,000,000.00 69,260,200.64 6.751250 % 207,876.54
SB-I 76110WGT7 6,671.62 5,850,060.04 0.000000 % 0.00
SB-II 76110WGU4 485.64 10,505,179.33 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 1,147,327,550.88 21,490,726.27
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 676,307.14 10,534,174.36 0.00 0.00 117,709,645.38
A-I-2 385,424.96 3,461,988.28 0.00 0.00 66,736,260.52
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 2,481,428.27 10,829,847.46 0.00 0.00 450,983,355.24
A-II-2 376,672.08 584,548.62 0.00 0.00 69,052,324.10
SB-I 1,239,823.47 1,239,823.47 0.01 0.00 5,850,060.05
SB-II 0.00 0.00 1,328,298.01 0.00 11,833,477.34
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
- -------------------------------------------------------------------------------
7,528,805.93 29,019,532.20 1,328,298.02 0.00 1,127,165,122.63
===============================================================================
Run: 01/24/00 16:01:31
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-1 728.957215 56.330670 3.864612 60.195282 0.000000 672.626545
A-I-2 997.326055 43.950905 5.506071 49.456976 0.000000 953.375150
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-1 918.663549 16.696838 4.962857 21.659695 0.000000 901.966711
A-II-2 923.469342 2.771687 5.022294 7.793981 0.000000 920.697655
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:31 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 442,635.84
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 10,623.28
SUBSERVICER ADVANCES THIS MONTH 812,192.81
MASTER SERVICER ADVANCES THIS MONTH 19,756.88
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 428 34,403,541.37
(B) TWO MONTHLY PAYMENTS: 185 16,849,811.06
(C) THREE OR MORE MONTHLY PAYMENTS: 349 28,963,989.74
FORECLOSURES
NUMBER OF LOANS 124
AGGREGATE PRINCIPAL BALANCE 12,073,962.62
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 1,127,165,122.60
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE *,***
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 2,223,645.12
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 19,247,070.85
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 129,302.58
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.57449260 % 1.42550740 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.43114930 % 1.56885070 %
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 9.98864900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.73
POOL TRADING FACTOR: 92.01294180
................................................................................
Run: 01/24/00 16:01:32 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 155,000,000.00 140,786,474.81 6.701250 % 7,382,615.50
A-I-1B 76110WGW0 75,000,000.00 68,122,487.80 6.960000 % 3,572,233.31
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 7.111250 % 0.00
A-I-7 76110WHC3 70,000,000.00 70,000,000.00 7.505000 % 0.00
A-II-1 76110WHD1 350,000,000.00 338,911,627.77 6.871250 % 6,271,338.59
A-II-2 76110WHE9 400,000,000.00 388,657,998.79 6.821250 % 4,595,872.34
SB-I 76110WHF6 2,496.74 4,847,156.91 0.000000 % 0.00
SB-II 76110WHG4 11,202.85 6,776,802.88 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 1,418,102,548.96 21,822,059.74
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1A 759,997.65 8,142,613.15 0.00 0.00 133,403,859.31
A-I-1B 395,110.43 3,967,343.74 0.00 0.00 64,550,254.49
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-6 372,352.95 372,352.95 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 1,875,934.70 8,147,273.29 0.00 0.00 332,640,289.18
A-II-2 2,135,635.22 6,731,507.56 0.00 0.00 384,062,126.45
SB-I 0.00 0.00 1,436,847.81 0.00 6,284,004.72
SB-II 0.00 0.00 1,724,658.89 0.00 8,501,461.77
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
- -------------------------------------------------------------------------------
8,004,239.29 29,826,299.03 3,161,506.70 0.00 1,399,441,995.92
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1A 908.299837 47.629777 4.903211 52.532988 0.000000 860.670060
A-I-1B 908.299837 47.629777 5.268139 52.897916 0.000000 860.670060
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 5.728507 5.728507 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.254167 6.254167 0.000000 1000.000000
A-II-1 968.318936 17.918110 5.359813 23.277923 0.000000 950.400826
A-II-2 971.644997 11.489681 5.339088 16.828769 0.000000 960.155316
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:32 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 559,748.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 29,158.51
SUBSERVICER ADVANCES THIS MONTH 850,471.83
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 578 47,308,058.77
(B) TWO MONTHLY PAYMENTS: 276 24,331,865.54
(C) THREE OR MORE MONTHLY PAYMENTS: 285 22,379,313.11
FORECLOSURES
NUMBER OF LOANS 26
AGGREGATE PRINCIPAL BALANCE 2,283,723.19
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 1,399,441,995.91
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 17,821,889.29
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.18031600 % 0.81968400 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.94347410 % 1.05652590 %
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 10.13678000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.09
POOL TRADING FACTOR: 96.51232925
................................................................................
Run: 01/24/00 16:01:35 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 119,817,000.00 115,102,567.04 6.881250 % 814,149.45
A-II 07383GAO9 258,025,000.00 250,957,254.16 6.931250 % 3,001,320.33
SB-I 22.71 42,227.19 0.000000 % 0.00
SB-II 314.09 584,021.83 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
- -------------------------------------------------------------------------------
377,842,336.80 366,686,070.22 3,815,469.78
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 638,039.91 1,452,189.36 0.00 0.00 114,288,417.59
A-II 1,401,221.57 4,402,541.90 0.00 0.00 247,955,933.83
SB-I 0.00 0.00 11,541.12 0.00 53,768.31
SB-II 0.00 0.00 159,619.07 0.00 743,640.90
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
2,039,261.48 5,854,731.26 171,160.19 0.00 363,041,760.63
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 960.653055 6.794941 5.325120 12.120061 0.000000 953.858114
A-II 972.608291 11.631897 5.430565 17.062462 0.000000 960.976393
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:35 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 98,793.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,732.70
SUBSERVICER ADVANCES THIS MONTH 90,607.36
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 46 5,600,965.71
(B) TWO MONTHLY PAYMENTS: 26 2,076,605.80
(C) THREE OR MORE MONTHLY PAYMENTS: 21 1,836,812.31
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,179,106.02
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 363,041,760.63
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,731
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 3,273,796.55
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.82921390 % 0.17078620 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.78035330 % 0.21964670 %
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 7.83784600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 318.77
POOL TRADING FACTOR: 96.08286983
................................................................................
Run: 01/24/00 16:01:32 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (DEPOSITOR)
HOME EQUITY MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES
SERIES 1999-KS4(POOL # 4407)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4407
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110WHH2 117,000,000.00 113,398,531.13 6.681250 % 4,206,467.87
A-I-2 76110WHJ8 53,000,000.00 53,000,000.00 6.835000 % 0.00
A-I-3 76110WHK5 56,000,000.00 56,000,000.00 6.940000 % 0.00
A-I-4 76110WHL3 59,000,000.00 59,000,000.00 7.220000 % 0.00
A-I-5 76110WHM1 30,000,000.00 30,000,000.00 7.091250 % 0.00
A-I-6 76110WHN9 35,000,000.00 35,000,000.00 7.170000 % 0.00
A-II 76110WHP4 500,000,000.00 496,322,730.73 6.811250 % 4,814,415.06
SB-I 76110WHQ2 2,204.14 843,864.45 0.000000 % 0.00
SB-II 76110WHR0 3,820.39 1,169,119.90 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
- -------------------------------------------------------------------------------
850,006,024.53 844,734,246.21 9,020,882.93
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 610,324.28 4,816,792.15 0.00 0.00 109,192,063.26
A-I-2 301,879.17 301,879.17 0.00 0.00 53,000,000.00
A-I-3 323,866.67 323,866.67 0.00 0.00 56,000,000.00
A-I-4 354,983.33 354,983.33 0.00 0.00 59,000,000.00
A-I-5 171,371.88 171,371.88 0.00 0.00 30,000,000.00
A-I-6 209,125.00 209,125.00 0.00 0.00 35,000,000.00
A-II 2,723,243.55 7,537,658.61 0.00 0.00 491,508,315.67
SB-I 0.00 0.00 863,398.48 0.00 1,707,262.93
SB-II 0.00 0.00 1,227,143.23 0.00 2,396,263.13
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
- -------------------------------------------------------------------------------
4,694,793.88 13,715,676.81 2,090,541.71 0.00 837,803,904.99
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 969.218215 35.952717 5.216447 41.169164 0.000000 933.265498
A-I-2 1000.000000 0.000000 5.695833 5.695833 0.000000 1000.000000
A-I-3 1000.000000 0.000000 5.783333 5.783333 0.000000 1000.000000
A-I-4 1000.000000 0.000000 6.016667 6.016667 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.712396 5.712396 0.000000 1000.000000
A-I-6 1000.000000 0.000000 5.975000 5.975000 0.000000 1000.000000
A-II 992.645461 9.628830 5.446487 15.075317 0.000000 983.016631
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:32 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (DEPOSITOR)
HOME EQUITY MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES
SERIES 1999-KS4 (POOL # 4407)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4407
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 335,610.39
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 31,457.40
SUBSERVICER ADVANCES THIS MONTH 253,378.43
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 284 22,886,735.37
(B) TWO MONTHLY PAYMENTS: 67 5,342,876.84
(C) THREE OR MORE MONTHLY PAYMENTS: 6 393,720.82
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 837,803,904.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 9,532
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 6,432,093.79
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 54,874.10
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.76170210 % 0.23829800 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.51020450 % 0.48979550 %
BANKRUPTCY AMOUNT AVAILABLE 381,785.00
FRAUD AMOUNT AVAILABLE 25,500,181.00
SPECIAL HAZARD AMOUNT AVAILABLE 8,500,060.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 10.32744800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.94
POOL TRADING FACTOR: 98.56446670
................................................................................
Run: 01/24/00 16:01:37 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-RS4(POOL # 4411)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4411
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I 136,984,000.00 135,283,822.36 7.430000 % 4,464,457.50
A-II 12,675,000.00 12,667,062.91 6.881250 % 9,884.24
SB-I 6,962,910.91 6,962,910.91 0.000000 % 0.00
SB-II 645,059.13 645,059.13 0.000000 % 0.00
R-I 0.00 0.00 0.000000 % 0.00
R-II 0.00 0.00 0.000000 % 0.00
R-III 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
157,266,970.04 155,558,855.31 4,474,341.74
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 833,392.76 5,297,850.26 0.00 0.00 130,819,364.86
A-II 70,216.43 80,100.67 0.00 0.00 12,657,178.67
SB-I 0.00 0.00 458,497.90 0.00 7,421,408.81
SB-II 0.00 0.00 1,015.11 0.00 646,074.24
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
- -------------------------------------------------------------------------------
903,609.19 5,377,950.93 459,513.01 0.00 151,544,026.58
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 987.588495 32.591087 6.083869 38.674956 0.000000 954.997407
A-II 999.373800 0.779822 5.539758 6.319580 0.000000 998.593978
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:37 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-RS4 (POOL # 4411)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4411
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 62,579.70
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 554.68
SUBSERVICER ADVANCES THIS MONTH 121,115.38
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 78 8,393,054.37
(B) TWO MONTHLY PAYMENTS: 36 3,163,912.25
(C) THREE OR MORE MONTHLY PAYMENTS: 8 604,318.68
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 151,544,026.58
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,423
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 3,742,585.29
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.10926590 % 4.89073410 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 94.67647570 % 5.32352430 %
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 11.29636000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 239.85
POOL TRADING FACTOR: 96.36100100
................................................................................
Run: 01/24/00 16:01:38 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (DEPOSITOR)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-RS5(POOL # 4413)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4413
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I 76110WHS8 63,793,000.00 63,793,000.00 7.510000 % 739,119.16
A-II-1 76110WHT6 50,000,000.00 50,000,000.00 6.790000 % 1,102,550.21
A-II-2 76110WHU3 77,296,000.00 77,296,000.00 6.820000 % 1,311,243.95
A-II-3 76110WHV1 25,000,000.00 25,000,000.00 7.005000 % 0.00
SB-I 76110WHW9 1,973,950.59 1,973,950.59 0.000000 % 0.00
SB-II 76110WHX7 3,108,143.12 3,108,143.12 0.000000 % 0.00
R-I 76110WHY5 0.00 0.00 0.000000 % 0.00
R-II 76110WHZ2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
221,171,093.71 221,171,093.71 3,152,913.32
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I 399,237.86 1,138,357.02 0.00 0.00 63,053,880.84
A-II-1 311,208.33 1,413,758.54 0.00 0.00 48,897,449.79
A-II-2 483,228.83 1,794,472.78 0.00 0.00 75,984,756.05
A-II-3 145,937.50 145,937.50 0.00 0.00 25,000,000.00
SB-I 0.00 0.00 82,891.85 0.00 2,056,842.44
SB-II 0.00 0.00 106,297.23 0.00 3,214,440.35
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,339,612.52 4,492,525.84 189,189.08 0.00 218,207,369.47
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I 1000.000000 11.586211 6.258333 17.844544 0.000000 988.413789
A-II-1 1000.000000 22.051004 6.224167 28.275171 0.000000 977.948996
A-II-2 1000.000000 16.963930 6.251667 23.215597 0.000000 983.036070
A-II-3 1000.000000 0.000000 5.837500 5.837500 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-January-00
DISTRIBUTION DATE 25-January-00
Run: 01/24/00 16:01:38 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ASSET SECURITIES CORPORATION (DEPOSITOR)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-RS5 (POOL # 4413)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4413
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 79,087.46
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 740.50
SUBSERVICER ADVANCES THIS MONTH 84,815.82
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 87 8,643,644.68
(B) TWO MONTHLY PAYMENTS: 11 1,461,421.51
(C) THREE OR MORE MONTHLY PAYMENTS: 7 490,048.61
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 218,207,369.47
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,360
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,789,880.85
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.70218900 % 2.29781100 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.58427830 % 2.41572170 %
BANKRUPTCY AMOUNT AVAILABLE 207,642.00
FRAUD AMOUNT AVAILABLE 6,635,133.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,587,901.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.03698300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.64
POOL TRADING FACTOR: 98.65998572
................................................................................
