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, 1997
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
(Exact name of the registrant
as specified in its charter)
33-92096
Delaware 33-80419 41-1808858
(State or other (Commission (I.R.S. Employee
jurisdiction of File No.) Identification No.)
Incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
- -------------------------------------------------------
Item 5. Other Events
<PAGE>
See the respective monthly reports, each reflecting the required information for
the January 1996 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1996-HS1 RFM2
1996-HS2 RFM2
1996-HS3 RFM2
1995-1 RFM2
1996-RHS4 RFM2
Item 7. Financial Statements and Exhibits (a) Not applicable (b) Not applicable
(c) See Item 5.
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 FUNDING MORTGAGE
SECURITIES II, INC.
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
and Treasurer
Dated: January 25, 1997
<PAGE>
Run: 01/15/97 REPT1HC.FRG
12:49:56
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
SERIES 1995-1
PAYMENT DATE: 01/21/97
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
TERM NOTES 128,078,000.00 1,671,859.81 549,105.35
525180AF2 103,917,975.67 13.053450 4.287273
5.94453 0.00 102,246,115.86
0.000000 798.311309
CERTIFICATES 6,740,000.00 87,980.26 29,625.37
525180AG0 5,468,598.50 13.053451 4.395455
6.09453 0.00 5,380,618.24
0.000000 798.311312
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.94453 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
134,818,000.00 1,759,840.07 578,730.72
109,386,574.17 0.00 107,626,734.10
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 788,749.10
SECURITY PRINCIPAL COLLECTIONS: 1,549,821.69
AGGREGATE SECURITY COLLECTIONS: 2,338,570.79
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
FIDELITY LOANS: 28,497,810.16 9.6179
GMACMC LOANS: 34,605,782.28 9.2300
GOAL LINE LOANS: 46,476,741.34 9.9128
TOTAL LOANS: 109,580,333.78 9.7540
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 278,697.67 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.955 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/15/97 REPT2H.FRM
12:50:07
Page: 2
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1
PAYMENT DATE: 01/21/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 95.00066755
CERTIFICATES 0.00 0.00 4.99933245
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 33
CURRENT AMOUNT: 1,953,599.68 1,576,212.68
TARGET AMOUNT: 2,022,278.97
60 - 89 DAYS DELINQUENT 8
401,773.10
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 17
552,357.02
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 26
YET REIMBURSED: 0.00 1,466,592.90
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,567,218.19
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
Run: 01/15/97 REPT1HC.FRG
15:20:15
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS1 (ISSUER)
RFMSII SERIES 1996-HS1
PAYMENT DATE: 01/21/97
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
TERM NOTES 162,077,000.00 2,121,133.32 763,335.51
76110VAA6 146,182,324.63 13.087195 4.709709
5.87453 0.00 144,061,191.31
0.000000 888.844138
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.87453 0.00 0.00
0.000000 0.000000
CERTIFICATES 14,092,938.00 184,437.03 67,729.46
76110VAB4 12,710,862.35 13.087195 4.805915
5.99453 0.00 12,526,425.32
0.000000 888.844137
VARIABLE FUNDING CERT 0.00 0.00 0.00
76110VAB4 0.00 0.000000 0.000000
5.99453 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
176,169,938.00 2,305,570.35 831,064.97
158,893,186.98 0.00 156,587,616.63
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,234,291.92
SECURITY PRINCIPAL COLLECTIONS: 2,206,637.15
AGGREGATE SECURITY COLLECTIONS: 3,440,929.07
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 68,366,962.47 9.7183
GOAL LINE LOANS: 90,863,215.68 10.1342
TOTAL LOANS: 159,230,178.15 10.0940
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 98,933.20 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.112 %
RESIDUAL OWNERSHIP
INTEREST: 281,783.88
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/15/97 REPT2H.FRM
15:20:29
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-HS1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
1996-HS1 LLC (LIMITED LIABILITY COMPANY)
PAYMENT DATE: 01/21/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 92.00037296
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 7.99962704
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 76
CURRENT AMOUNT: 2,642,561.52 3,143,273.12
TARGET AMOUNT: 2,642,561.52
60 - 89 DAYS DELINQUENT 8
240,193.48
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 18
593,184.90
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 19
YET REIMBURSED: 0.00 680,243.12
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,999,515.96
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
Run: 01/31/97 11:56:30 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC. (COMPANY)
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES SERIES 1996-HS2 (POOL # 50025)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 50025
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110VAC2 74,000,000.00 65,683,982.73 6.950000 % 3,507,031.15
A-2 76110VAD0 15,000,000.00 15,000,000.00 6.950000 % 0.00
A-3 76110VAE8 41,000,000.00 41,000,000.00 7.200000 % 0.00
A-4 76110VAF5 26,500,000.00 26,500,000.00 7.550000 % 0.00
A-5 76110VAG3 9,374,000.00 9,374,000.00 7.850000 % 0.00
A-6 76110VAH1 12,341,000.00 12,341,000.00 7.950000 % 0.00
A-L 76110VAK4 20,152,179.00 20,152,179.00 7.600000 % 0.00
IO 76110VAJ7 0.00 0.00 1.700000 % 0.00
R-I 0.00 0.00 0.000000 % 0.00
R-II 0.00 1,576,007.98 0.000000 % 0.00
- -------------------------------------------------------------------------------
198,367,179.00 191,627,169.71 3,507,031.15
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 380,419.73 3,887,450.88 0.00 0.00 62,176,951.58
A-2 86,875.00 86,875.00 0.00 0.00 15,000,000.00
A-3 246,000.00 246,000.00 0.00 0.00 41,000,000.00
A-4 166,729.17 166,729.17 0.00 0.00 26,500,000.00
A-5 61,321.58 61,321.58 0.00 0.00 9,374,000.00
A-6 81,759.13 81,759.13 0.00 0.00 12,341,000.00
A-L 127,630.47 127,630.47 0.00 0.00 20,152,179.00
IO 76,189.79 76,189.79 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 142,645.59 0.00 1,718,653.57
- -------------------------------------------------------------------------------
1,226,924.87 4,733,956.02 142,645.59 0.00 188,262,784.15
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 887.621388 47.392313 5.140807 52.533120 0.000000 840.229075
A-2 1000.000000 0.000000 5.791667 5.791667 0.000000 1000.000000
A-3 1000.000000 0.000000 6.000000 6.000000 0.000000 1000.000000
A-4 1000.000000 0.000000 6.291667 6.291667 0.000000 1000.000000
A-5 1000.000000 0.000000 6.541666 6.541666 0.000000 1000.000000
A-6 1000.000000 0.000000 6.625000 6.625000 0.000000 1000.000000
A-L 1000.000000 0.000000 6.333333 6.333333 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 21-January-97
DISTRIBUTION DATE 27-January-97
Run: 01/31/97 11:56:31 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC. (COMPANY)
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES 1996-HS2 (POOL # 50025)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 50025
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 61,445.33
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,831.25
SUBSERVICER ADVANCES THIS MONTH 0.00
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 244 8,085,766.24
(B) TWO MONTHLY PAYMENTS: 22 727,007.01
(C) THREE OR MORE MONTHLY PAYMENTS: 22 713,034.26
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 188,262,784.15
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 5,830
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 2,668,670.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 0.00000000 % 0.73429810 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.08709860 % 0.91290140 %
CLASS IO - STRIP PASS-THROUGH FOR NEXT DISTRIBUTION 0.0000 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 0.00000000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 0.00
POOL TRADING FACTOR: 94.90621619
................................................................................
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15:26:20
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS3 (ISSUER)
RFMSII SERIES 1996-HS3
PAYMENT DATE: 01/21/97
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
TERM NOTES 247,244,000.00 2,552,448.85 1,253,015.20
43707QAC2 240,778,013.00 10.323603 5.067930
5.85453 0.00 238,225,564.15
0.000000 963.524147
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.85453 0.00 0.00
0.000000 0.000000
CERTIFICATES 21,499,396.00 221,951.22 112,493.48
43707QAD0 20,937,138.41 10.323603 5.232402
6.04453 0.00 20,715,187.19
0.000000 963.524147
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
6.04453 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
268,743,396.00 2,774,400.07 1,365,508.68
261,715,151.41 0.00 258,940,751.34
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,388,530.34
SECURITY PRINCIPAL COLLECTIONS: 2,774,400.07
AGGREGATE SECURITY COLLECTIONS: 4,162,930.41
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 254,214,110.70 9.3285
GOAL LINE LOANS: 6,437,292.57 9.4803
TOTAL LOANS: 260,651,403.27 9.4618
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 0.00 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.000 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/15/97 REPT2H.FRM
15:26:37
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-HS3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
1996-HS3 LLC (LIMITED LIABILITY COMPANY)
PAYMENT DATE: 01/21/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 92.00002816
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 7.99997184
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 107
CURRENT AMOUNT: 1,710,651.93 3,750,957.48
TARGET AMOUNT: 5,374,867.92
60 - 89 DAYS DELINQUENT 9
233,678.33
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 5
110,150.00
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 0
YET REIMBURSED: 0.00 0.00
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 3,278,161.26
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
Run: 01/15/97 REPT1HC.FRG
14:10:55
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-RHS4 (ISSUER)
RFMSII SERIES 1996-RHS4
PAYMENT DATE: 01/21/97
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
TERM NOTES 116,693,900.00 1,360,950.29 603,129.05
116,693,900.00 11.662566 5.168471
5.81453 68,102.21 115,264,847.50
0.583597 987.753837
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.81453 0.00 0.00
0.000000 0.000000
CERTIFICATES 10,147,353.78 118,344.18 54,520.87
10,147,353.78 11.662566 5.372915
6.04453 5,921.97 10,023,087.63
0.583597 987.753837
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
6.04453 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
126,841,253.78 1,479,294.47 657,649.92
126,841,253.78 74,024.18 125,287,935.13
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 744,886.73
SECURITY PRINCIPAL COLLECTIONS: 1,479,294.47
AGGREGATE SECURITY COLLECTIONS: 2,224,181.20
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
125,361,959.31 9.4747
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 0.00 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.000 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/15/97 REPT2H.FRM
14:11:14
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/21/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 91.99995784
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 8.00004216
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 45
CURRENT AMOUNT: 74,024.18 1,032,104.41
TARGET AMOUNT: 2,219,721.94
60 - 89 DAYS DELINQUENT 1
15,024.64
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 0
0.00
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 0
YET REIMBURSED: 0.00 0.00
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 2,554,193.19
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
