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)
July 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
See the respective monthly reports, each reflecting the required information for
the July 1997 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
1997-HI1 RFM2
1997-HS2 RFM2
1997-HI3 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: July 25, 1997
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15:04:13
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
SERIES 1995-1
PAYMENT DATE: 07/21/97
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 1,888,018.06 469,190.18
525180AF2 91,000,586.74 14.741158 3.663316
5.98750 0.00 89,112,568.68
0.000000 695.767959
CERTIFICATES 6,740,000.00 99,355.40 25,309.31
525180AG0 4,788,831.47 14.741157 3.755091
6.13750 0.00 4,689,476.07
0.000000 695.767963
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.98750 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
134,818,000.00 1,987,373.46 494,499.49
95,789,418.21 0.00 93,802,044.75
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 883,585.62
SECURITY PRINCIPAL COLLECTIONS: 1,931,728.75
AGGREGATE SECURITY COLLECTIONS: 2,815,314.37
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
FIDELITY LOANS: 25,920,079.29 9.8605
GMACMC LOANS: 30,309,547.26 9.4820
GOAL LINE LOANS: 39,594,697.17 10.1481
TOTAL LOANS: 95,824,323.72 9.9966
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 55,644.71 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 1.835 %
RESIDUAL OWNERSHIP
INTEREST: 324,762.34
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
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15:04:26
Page: 2
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1
PAYMENT DATE: 07/21/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 95.00066754
CERTIFICATES 0.00 0.00 4.99933246
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 49
CURRENT AMOUNT: 2,022,278.97 1,528,489.30
TARGET AMOUNT: 2,022,278.97
60 - 89 DAYS DELINQUENT 14
900,122.70
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 29
908,029.49
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 31
YET REIMBURSED: 0.00 1,242,258.22
REO LOANS 1
ADDITIONAL BALANCES 199,921.05
CURRENT PERIOD: 1,324,945.03
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
................................................................................
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16:13:46
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS1 (ISSUER)
RFMSII SERIES 1996-HS1
PAYMENT DATE: 07/21/97
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 2,384,603.88 661,765.36
76110VAA6 129,869,321.60 14.712784 4.083031
5.91750 0.00 127,484,717.72
0.000000 786.568839
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.91750 0.00 0.00
0.000000 0.000000
CERTIFICATES 14,092,938.00 207,346.36 58,708.78
76110VAB4 11,292,412.23 14.712785 4.165830
6.03750 0.00 11,085,065.87
0.000000 786.568838
VARIABLE FUNDING CERT 0.00 0.00 0.00
76110VAB4 0.00 0.000000 0.000000
6.03750 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
176,169,938.00 2,591,950.24 720,474.14
141,161,733.83 0.00 138,569,783.59
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,326,549.57
SECURITY PRINCIPAL COLLECTIONS: 2,551,418.53
AGGREGATE SECURITY COLLECTIONS: 3,877,968.10
MORTGAGE LOANS: ENDING
WEIGHTED AVERAGE ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 141,212,345.11 10.3640
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 40,531.71 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.608 %
RESIDUAL OWNERSHIP
INTEREST: 545,545.81
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 07/10/97 REPT2H.FRM
16:13:59
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: 07/21/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 92.00037297
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 7.99962703
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 102
CURRENT AMOUNT: 2,642,561.52 3,445,972.84
TARGET AMOUNT: 2,642,561.52
60 - 89 DAYS DELINQUENT 36
1,523,166.70
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 26
1,018,935.03
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 31
YET REIMBURSED: 0.00 930,793.64
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,284,739.73
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
................................................................................
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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 40,821,324.30 6.950000 % 3,967,966.16
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 4,586,882.94 0.000000 % 0.00
- -------------------------------------------------------------------------------
198,367,179.00 169,775,386.24 3,967,966.16
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 236,423.50 4,204,389.66 0.00 0.00 36,853,358.14
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 65,944.57 65,944.57 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 36,430.75 0.00 4,623,313.69
- -------------------------------------------------------------------------------
1,072,683.42 5,040,649.58 36,430.75 0.00 165,843,850.83
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 551.639518 53.621164 3.194912 56.816076 0.000000 498.018353
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-July-97
DISTRIBUTION DATE 25-July-97
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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 66,605.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 10,656.91
SUBSERVICER ADVANCES THIS MONTH 0.00
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 1,030,808.24
(B) TWO MONTHLY PAYMENTS: 22 715,397.27
(C) THREE OR MORE MONTHLY PAYMENTS: 29 861,654.30
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 165,843,850.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 5,223
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 2,850,517.74
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.29826390 % 2.70173610 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.21224900 % 2.78775100 %
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: 83.60448100
................................................................................
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15:03:01
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS3 (ISSUER)
RFMSII SERIES 1996-HS3
PAYMENT DATE: 07/21/97
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 4,639,526.55 1,085,939.55
43707QAC2 213,834,860.79 18.764971 4.392178
5.89750 0.00 209,195,334.24
0.000000 846.108841
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.89750 0.00 0.00
0.000000 0.000000
CERTIFICATES 21,499,396.00 403,435.55 97,471.39
43707QAD0 18,594,264.59 18.764971 4.533680
6.08750 0.00 18,190,829.04
0.000000 846.108841
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
6.08750 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
268,743,396.00 5,042,962.10 1,183,410.94
232,429,125.38 0.00 227,386,163.28
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,226,259.67
SECURITY PRINCIPAL COLLECTIONS: 4,976,327.89
AGGREGATE SECURITY COLLECTIONS: 7,202,587.56
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 232,761,031.20 10.3805
GOAL LINE LOANS: 0.00 0.0000
TOTAL LOANS: 232,761,031.20 10.3805
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 66,634.21 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.040 %
RESIDUAL OWNERSHIP
INTEREST: 939,413.24
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 07/10/97 REPT2H.FRM
15:03:07
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: 07/21/97
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 142
CURRENT AMOUNT: 5,374,867.92 4,226,508.21
TARGET AMOUNT: 5,374,867.92
60 - 89 DAYS DELINQUENT 27
999,103.20
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 38
1,260,778.70
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 19
YET REIMBURSED: 0.00 554,255.55
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,901,857.74
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
................................................................................
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17:38:00
Page: 1
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4
GMAC MORTGAGE CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING CORPORATION (ADMINISTRATOR)
1996-RHS4 LLC (LIMITED LIABILITY COMPANY)
PAYMENT DATE: 07/21/97
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 1,992,942.82 527,633.26
104,606,982.14 17.078380 4.521515
5.85750 0.00 102,614,039.32
0.000000 879.343645
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.85750 0.00 0.00
0.000000 0.000000
CERTIFICATES 10,147,353.78 173,300.37 47,682.99
9,096,311.42 17.078381 4.699057
6.08750 0.00 8,923,011.05
0.000000 879.343644
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
6.08750 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
126,841,253.78 2,166,243.19 575,316.25
113,703,293.56 0.00 111,537,050.37
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 980,219.39
SECURITY PRINCIPAL COLLECTIONS: 2,166,243.19
AGGREGATE SECURITY COLLECTIONS: 3,146,462.58
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 113,756,772.90 9.7201
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: 393,059.05
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 07/14/97 REPT2H.FRM
17:38:18
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 07/21/97
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 27
CURRENT AMOUNT: 2,219,722.53 863,401.07
TARGET AMOUNT: 2,219,721.94
60 - 89 DAYS DELINQUENT 10
263,624.62
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 3
46,015.12
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 2
YET REIMBURSED: 0.00 51,515.11
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,817,106.24
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: 07/23/97 REPT1HC.FRG
16:47:21
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RFMSII SERIES 1997-HI1
PAYMENT DATE: 07/25/97
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
A-1 NOTES 42,750,000.00 1,211,433.84 195,498.37
34,858,549.86 28.337634 4.573061
6.73000 550,150.35 33,096,965.67
12.869014 774.198027
A-2 NOTES 7,250,000.00 0.00 40,237.50
7,250,000.00 0.000000 5.550000
6.66000 0.00 7,250,000.00
0.000000 1000.000000
A-3 NOTES 26,500,000.00 0.00 148,841.67
26,500,000.00 0.000000 5.616667
6.74000 0.00 26,500,000.00
0.000000 1000.000000
A-4 NOTES 26,100,000.00 0.00 151,380.00
26,100,000.00 0.000000 5.800000
6.96000 0.00 26,100,000.00
0.000000 1000.000000
A-5 NOTES 9,450,000.00 0.00 57,093.75
9,450,000.00 0.000000 6.041667
7.25000 0.00 9,450,000.00
0.000000 1000.000000
A-6 NOTES 25,000,000.00 0.00 156,041.67
25,000,000.00 0.000000 6.241667
7.49000 0.00 25,000,000.00
0.000000 1000.000000
A-7 NOTES 12,268,000.00 0.00 79,639.77
12,268,000.00 0.000000 6.491667
7.79000 0.00 12,268,000.00
0.000000 1000.000000
CERTIFICATES 5,416,428.36 0.00 0.00
9,645,598.98 0.000000 0.000000
0.00000 0.00 10,195,749.33
0.000000 1780.804312
- -----------------------------------------------------------------------------
154,734,428.36 1,211,433.84 828,732.73
151,072,148.84 550,150.35 149,860,715.00
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,606,299.72
SECURITY PRINCIPAL COLLECTIONS: 1,020,133.83
AGGREGATE SECURITY COLLECTIONS: 2,626,433.55
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 149,860,715.00 13.1072
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 191,300.01 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.128 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 07/23/97 REPT2H.FRM
16:47:34
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 07/25/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
A-1 NOTES 0.00 0.00 22.08515132
A-2 NOTES 0.00 0.00 4.83782558
A-3 NOTES 0.00 0.00 17.68308659
A-4 NOTES 0.00 0.00 17.41617208
A-5 NOTES 0.00 0.00 6.30585541
A-6 NOTES 0.00 0.00 16.68215716
A-7 NOTES 0.00 0.00 8.18626816
CERTIFICATES 0.00 0.00 6.80348371
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 51
CURRENT AMOUNT: 10,195,749.33 1,401,532.25
TARGET AMOUNT: 13,926,098.55
60 - 89 DAYS DELINQUENT 12
358,938.39
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 30
915,047.47
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: 0.00
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: 07/15/97 REPT1HC.FRG
09:03:10
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RFMSII SERIES 1997-HS2
PAYMENT DATE: 07/21/97
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
TERM NOTES 300,402,933.00 6,539,293.24 1,427,842.89
283,806,612.08 21.768407 4.753092
5.84250 1,045,203.89 276,222,114.95
3.479340 919.505386
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.84250 0.00 0.00
0.000000 0.000000
CERTIFICATES 0.00 0.00 0.00
0.00 0.000000 0.000000
0.00000 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
300,402,933.00 6,539,293.24 1,427,842.89
283,806,612.08 1,045,203.89 276,222,114.95
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,506,157.55
SECURITY PRINCIPAL COLLECTIONS: 6,539,293.24
AGGREGATE SECURITY COLLECTIONS: 9,045,450.79
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 279,479,051.53 10.0528
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: 07/15/97 REPT2H.FRM
09:03:32
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 07/21/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 100.00000000
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 111
CURRENT AMOUNT: 3,256,936.58 3,664,480.43
TARGET AMOUNT: 4,506,044.00
60 - 89 DAYS DELINQUENT 20
860,710.84
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 25
1,028,188.45
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: 3,695,412.38
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: 07/23/97 REPT1HC.FRG
16:52:05
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RFMSII SERIES 1997-HI3
PAYMENT DATE: 07/25/97
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
A-PV NOTES 100,000,000.00 486,996.10 598,333.33
100,000,000.00 4.869961 5.983333
7.18000 310,383.51 99,202,620.39
3.103835 992.026204
A-PB NOTES 122,765,141.00 597,861.44 734,544.76
122,765,141.00 4.869961 5.983333
7.18000 381,042.76 121,786,237.23
3.103835 992.026204
CERTIFICATES 8,079,564.43 0.00 0.00
8,079,564.43 0.000000 0.000000
0.00000 0.00 8,770,991.27
0.000000 1000.000000
- -----------------------------------------------------------------------------
230,844,705.43 1,084,857.54 1,332,878.09
230,844,705.43 691,426.27 229,759,848.89
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,076,282.90
SECURITY PRINCIPAL COLLECTIONS: 1,084,857.54
AGGREGATE SECURITY COLLECTIONS: 3,161,140.44
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 229,759,848.89 12.8763
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: 07/23/97 REPT2H.FRM
16:52:21
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 07/25/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
A-PV NOTES 0.00 0.00 43.17665635
A-PB NOTES 0.00 0.00 53.00588324
CERTIFICATES 0.00 0.00 3.81746041
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 78
CURRENT AMOUNT: 8,770,991.27 2,288,059.11
TARGET AMOUNT: 20,776,023.49
60 - 89 DAYS DELINQUENT 14
474,649.86
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: 0.00
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
................................................................................
