UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-K
Annual Report Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
For the fiscal year ended December 31, 1996
Commission File Number 33-92096 and 33-80419
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
State of Incorporation: Delaware
I.R.S. Employer Identification Number: 75-2006294
8400 Normandale Lake Blvd, Suite 600
Minneapolis, Minnesota 55437
Telephone (612) 832-7000
Securities registered pursuant to Section 12(b) of the Act:
None Securities registered pursuant to Section 12(g) of the
Act: None. Indicate by check mark whether the Registrant (1)
has filed all reports required to be filed by Section 13 or 15
(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the
Registrant was required to file such reports) and (2) has been
subject to such filing requirements for the past 90 days. Yes
X No ______.
<PAGE>
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
TABLE OF CONTENTS
Page #
PART I
Item 1. Business. . . . . . . . . . . . . . . . . . . . . . .2
Item 2. Properties. . . . . . . . . . . . . . . . . . . . . .2
Item 3. Legal Proceedings . . . . . . . . . . . . . . . . . .2
Item 4. Submission of Matters to a Vote of Security
Holders . . . . . . . . . . . . . . . . . . . . . . .2
PART II
Item 5. Market for the Registrant's Common Equity and
Related Stockholder Matters . . . . . . . . . . . . .2
Item 6. Selected Financial Data . . . . . . . . . . . . . . .2
Item 7. Management's Discussion & Analysis of Financial
Condition and Results of Operations . . . . . . . . .2
Item 8. Financial Statements & Supplementary Financial
Data . . . . . . . . . . . . . . . . . . . . . . . .3
Item 9. Changes in and Disagreements with Accountants
on Accounting & Financial Disclosure. . . . . . . . .3
PART III
Item 10. Directors and Executive Officers of the
Registrant . . . . . . . . . . . . . . . . . . . . .3
Item 11. Executive Compensation. . . . . . . . . . . . . . . .3
Item 12. Security Ownership of Certain Beneficial
Owners and Management . . . . . . . . . . . . . . . .3
Item 13. Certain Relationships and Related Transactions. . . .3
PART IV
Item 14. Exhibits, Financial Statement Schedules and
Reports on Form 8-K . . . . . . . . . . . . . . . . .4
SIGNATURES . . . . . . . . . . . . . . . . . . . . .5
EXHIBITS. . . . . . . . . . . . . . . . . . . . . . .6
<PAGE>
PART I
Item 1. Business
Information not provided pursuant to Exemptive Order.
Item 2. Properties
Pursuant to the Exemptive Order the Master Servicer's Annual Statement as to
Compliance, dated March 31, 1997 are filed as Exhibit 1 under Item 14(a)
hereof.
Item 3. Legal Proceedings
There are no material pending legal proceedings related to any series of
Certificates that involve the Trustee, Custodian, the Master Servicer or the
Registrant with respect to any such series.
Item 4. Submission of Matters to a Vote of Security Holders
Information not provided pursuant to Exemptive Order.
PART II
Item 5. Market for the Registrant's Common Equity and Related
Matters
(a) There is no established public trading market for the
Certificates.
(b) At December 31, 1996, the number of holders of record of each
outstanding series of Certificates is listed in Exhibit 3 under
Item 14(a) hereof.
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(c) Not applicable.
Item 6. Selected Financial Data
Information not provided pursuant to Exemptive Order.
Item 7. Management's Discussion & Analysis of Financial Condition
and Results of Operations
Information not provided pursuant to Exemptive Order.
Item 8. Financial Statements & Supplementary Financial Data
See the Master Servicer's Annual Statement of Compliance that is filed as
Exhibit 1 under Item 14(a) hereof; see also report dated January 24, 1997
prepared by the Master Servicer's independent accountant, concerning the
Master Servicer's servicing activities that is filed as Exhibit 2 under Item
14(a) hereof.
Item 9. Disagreements on Accounting and Financial Disclosure
Not Applicable.
PART III
Item 10. Directors and Executive Officers of the Registrant
Information not provided pursuant to Exemptive Order.
Item 11. Executive Compensation
Information not provided pursuant to Exemptive Order.
Item 12. Security Ownership of Certain Beneficial Owners and
Management
(a) Each holder of record of more than five percent (5%) of the
fractional undivided interest in a Mortgage Pool evidenced by a
series of Certificates, outstanding at
<PAGE>
December 31, 1996 is listed in Exhibit 4 under Item 14(a) hereof.
(b) Not applicable
(c) Not applicable.
Item 13. Certain Relationships and Related Transactions
Information not provided pursuant to Exemptive Order.
PART IV
Item 14. Exhibits, Financial Statement Schedules and Reports on
Form 8-K
(a) EXHIBIT #
Officers' Annual Compliance Statements: . . . . . . . . .1
Residential Funding Corporation
Residential Funding Corporation Independent Auditors'
Report on the Uniform Single Audit Program for
Mortgage Bankers. . . . . . . . . . . . . . . . . . . . .2
Part II, Item 5(b). . . . . . . . . . . . . . . . . . . .3
Part III, Item 12(a). . . . . . . . . . . . . . . . . . .4
(b) See Item 2.
(c) Not applicable.
(d) Not applicable. No annual report or proxy material has
been sent to security holders.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereto duly authorized, on this 31st day
of March, 1997.
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
BY: s/Christopher J. Nordeen
Christopher J. Nordeen
President
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been executed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.
s/Christopher J. Nordeen
Christopher J. Nordeen
President
March 31, 1997
s/Dennis W. Sheehan
Dennis W Sheehan
Assistant Treasurer
March 31, 1997
<PAGE>
s/Davee Olson
Davee L. Olson
Executive Vice President,
Chief Financial Officer
March 31, 1997
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereto duly authorized, on this 31st day
of March, 1997.
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
BY:
Christopher J. Nordeen
President
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been executed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.
Christopher J. Nordeen
President
March 31, 1997
Dennis W Sheehan
Assistant Treasurer,
March 31, 1997
<PAGE>
Davee L. Olson
Executive Vice President,
Chief Financial Officer
March 31, 1997
<PAGE>
OFFICERS' ANNUAL COMPLIANCE CERTIFICATE
The undersigned, Managing Director and Director, respectively, of
Residential Funding Corporation (the "Master Servicer"), pursuant to the various
Pooling and Servicing Agreements (the "Agreements") under which RFC acts as
Master Servicer or Manager, which agreements require an annual statement of
compliance to be made to the Certificate holders by officers of the Master
Servicer, hereby certify that:
(i) a review of the activities of the Master Servicer during the preceding
calendar year and of performance under the Agreements has been made
under the undersigned officers' supervision;
(ii) to the best of the undersigned officers' knowledge, based on such
review, the Master Servicer has fulfilled its obligations in all
material respects throughout such year;
(iii) to the best of each undersigned officers' knowledge, based on such
review, each Subservicer and Servicer has fulfilled its obligations
under its servicing agreement in all material respects; and
(iv) the Company has fully complied with the provisions of Article II of
the Pooling and Servicing Agreement.
Dated: March 31, 1997
s/ Magdalena M. Matthes s/ Karen Gill
Magdalena M. Matthes Karen Gill
Managing Director Director
RESIDENTIAL FUNDING CORPORATION
Letter Regarding Uniform Single Attestation
Program for Mortgage Bankers
December 31, 1996
<PAGE>
INDEPENDENT AUDITORS' REPORT
Board of Directors
Residential Funding Corporation
Minneapolis, Minnesota 55437
We have examined management's assertion about Residential Funding Corporation's
(RFC) compliance with their minimum servicing standards in their role as Master
Servicer as of and for the year ended December 31, 1996 included in the
accompanying management assertion. Such assertions were examined related to
those mortgage loans included in the Series of Certificates listed in the
attached Exhibit 1. Our testing procedures were applied only to the Series of
Certificates serviced on or before September 30, 1996. Direct servicing
functions are performed by various subservicers. Management is responsible for
RFC's compliance with their minimum servicing standards. Our responsibility is
to express an opinion on management's assertion about the entity's compliance
based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about RFC's compliance with their minimum
servicing standards and performing such other procedures as we considered
necessary in the circumstances. Loans and Series of Certificates subject to such
<PAGE>
procedures
2
<PAGE>
were selected from RFC's portfolio using sampling methods. Accordingly, we make
no representation that our examination procedures were performed on specific
Series of Certificates listed in the attached Exhibit 1. We believe that our
examination provides a reasonable basis for our opinion. Our examination does
not provide a legal determination on RFC's compliance with their minimum
servicing standards.
In our opinion, management's assertion that RFC complied with the aforementioned
minimum servicing standards as of and for the year ended December 31, 1996 is
fairly stated in all material respects except for noncompliance with item VI of
RFC's minimum servicing standards.
This report is intended solely for the information of the Board of Directors and
management of RFC and others for whom RFC services mortgage loans for the Series
of Certificates included in the attached Exhibit 1 and should not be used for
any other purpose.
January 24, 1997
1
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EXHIBIT I
<PAGE>
RESIDENTIAL FUNDING CORPORATION
SERVICED SERIES WITH INITIAL CUTOFF DATE PRIOR TO
SEPTEMBER 30, 1996
1986 Series 1986-12 1986-15 1986-PC-7R 1986-U1 1986-U5 1986-U7 1986 NY
Series A
1987 Series
1987-1 1987-2 1987-3 1987-4 1987-6 1987-S1 1987-S2 1987-S4 1987-S5 1987-S7
1987-S8 1987-S9 1987-SA1 1987-U3 1987-U4 1987-U5 1987-U6 1987-U7 1987-U9
1987-U10 1987-U11-A 1987-U13-A 1987-U14 1987-U15 1987-U16 1987-U17 1987-U18
1987-U19 1987-WH1-A 1987-WH1-B 1987-WH1-C 1987-NY Series A
1988 Series
1988-3A 1988-3B 1988-3C 1988-4B 1988-4C 1988-4D 1988-S1 1988-SW1 1988-U1
1988-U2 1988-U3 1988-U4 1988-U5 1988-U8 1988-U9 1988-U10 1988-NY Series A
1989 Series
1989-2 1989-3A 1989-3B 1989-3C 1989-4A 1989-4B 1989-4C 1989-4D 1989-4E
1989-5A 1989-5B 1989-7 1989-3/PBSFC 1989-4/PBSFC 1989-S1 1989-S2 1989-S3 1989-S4
1989-S5 1989-S6 1989-SW1A 1989-SW1B 1989-SW2 1989-U1 1989-WH1
1990 Series
1990-2 1990-3A 1990-3B 1990-3C 1990-5 1990-6 1990-8 1990-PC1 1990-PC2
1990-PC3 1990-PC4 1990-PC5 1990-PC6 1990-S1 1990-S14 1990-MS1A 1990-MS1B
1990-MS1C 1990-MS1D 1990-MS1E 1990-SW1A 1990-SW1B 1990-SW1C 1990-SW2A 1990-SW2B
1990-SW3 1990-R16 1990-WH1 1990-WH2 1990C-1A 1990C-1B 1990C-1C 1990C-1D
1990C-1E 1990C-1F 1990C-1G 1990C-1H 1990C-1I 1990C-1J 1990C-1K 1990-NY Series A
1991 Series
1991-3 1991-4 1991-20 1991-21A 1991-21B 1991-21C 1991-23 1991-25A 1991-25B
1991-R9 1991-R13 1991-R14 1991-S8 1991-S11 1991-S24 1991-S29 1991-S30 1991-S31
1991-MS1A 1991-MS1B 1991-MS1C 1991-MS2 1991-MS3A 1991-MS3B 1991-MS3C 1991-SW1A
1991-SW1B 1991-SW1C 1991-SW5A 1991-SW5B 1991-WH4A 1991-WH4B 1991-J2 1991-J3
<PAGE>
1992 Series
1992-S1 1992-S2 1992-S3 1992-S4 1992-S5 1992-S6 1992-S7 1992-S8 1992-S9
1992-S10 1992-S11 1992-S12 1992-13 1992-S14 1992-S15 1992-S16 1992-17A 1992-17B
1992-17C 1992-S18 1992-S19 1992-S20 1992-S21 1992-S22 1992-S23 1992-S24 1992-S25
1992-S26 1992-S27 1992-S28 1992-S29 1992-S30 1992-S31 1992-S32 1992-S33 1992-S34
1992-S35 1992-S36 1992-S37 1992-S38 1992-S39 1992-S40 1992-S41 1992-S42
1992-S43 1992-S44 1992-SW1A 1992-SW1B 1992-SW1C 1992-SW3 1992-SW4 1992-SW5
1992-SW6 1992-SW7 1992-SW12 1992-U2 1992-U10 1992-U11 1992-WH8 1992-A
1992-D 1992-2 1992-4 1992-5 1992-J1 1992-J9 1992-J10
1993 Series
1993-1 1993-6 1993-19 1993-J1 1993-J2 1993-J3 1993-J4 1993-J6 1993-MZ1
1993-MZ2 1993-MZ3 1993-PC3 1993-PC6 1993-PC7 1993-PC9A 1993-PC9B
1993-PC9C 1993-PC9D 1993-PC9F 1993-PC9G 1993-PC9H 1993-PC9I 1993-PC9J 1993-PC11A
1993-PC11B 1993-PC11C 1993-PC12 1993-PC12A 1993-S1 1993-S2 1993-S3 1993-S4
1993-S5 1993-S6 1993-S7 1993-S8 1993-S9 1993-S10 1993-S11 1993-S12 1993-S13
1993-S14 1993-S15 1993-S16 1993-S17 1993-S18 1993-S20 1993-S21 1993-S22 1993-S23
1993-S24 1993-S25 1993-S26 1993-S27 1993-S28 1993-S29 1993-S30 1993-S31 1993-S32
1993-S33 1993-S34 1993-S35 1993-S36 1993-S37 1993-S38 1993-S39 1993-S40
1993-S41 1993-S42 1993-S43 1993-S44 1993-S45 1993-S46 1993-S47 1993-S48 1993-S49
1993-WH2 1993-WH4A 1993-WH4B 1993-WH4C 1993-WH8 1993-WH10 1993-WH13 1993-WH13A
1993-WH14 1993-WH14A-94 1993-WH15A 1993-WH15B 1993-WH15C 1993-WH15D
1993-WH15E-94 1993-WH15F-94 1993-WH15G-94 1993-WH15H-94 1993-WH15I-94
1993-WH15J-94 1993-WH15K-94
1994 Series
1994-MZ1 1994-RS4 1994-S1 1994-S2 1994-S3 1994-S5 1994-S6 1994-S7 1994-S8
1994-S9 1994-S10 1994-S11 1994-S12 1994-S13 1994-S14 1994-S15 3 1994-S16I
1994-S16II 1994-S16III 1994-S17 1994-S18 1994-S19 1994-S20 1994-WH1 1994-WH2
1994-WH3 1994-WH4A 1994-WH4B 1994-WH4C 1994-WH4D 1994-WH4E 1994-WH4F 1994-WH5
1994-WH8 1994-WH9 1994-WH10 1994-WH11A 1994-WH11B 1994-WH12 1994-WH14 1994-WH15
1994-WH16A 1994-WH16B 1994-WH16C 1994-WH16D 1994-WH17 1994-WH18 1994-WH20
1994-WH21A 1994-WH21B 1994-WH22 1994-WH23
1995 Series
1995-HWH1 1995-HWH2 1995-HWH3 1995-HWH4 1995-HWH5 1995-1 1995-J1 1995-J2
1995-J3 1995-J4 1995-K1 1995-KS1 1995-KS2 1995-KS3-I 1995-KS3-II 1995-KS4
1995-Q1 1995-QS1 1995-S1 1995-S2 1995-S3 1995-S4 1995-S6 1995-S7 1995-S8 1995-S9
1995-S10 1995-S11 1995-S12 1995-S13 1995-S14 1995-S15 1995-S16 1995-S17
1995-S18 1995-S19 1995-S21 1995-WH1 1995-WH2 1995-WH3 1995-WH4 1995-WH5 1995-WH7
1995-WH8 1995-WH9 1995-WH10 1995-WH11 1995-WH12 1995-WH13 1995-WH14 1995-WH15
1995-WH16 1995-WH17 1995-WH18 1995-WH19 1995-WH20 1995-WH21 1995-WH22A
1995-WH22B 1995-WH23
1996 Series
1996-HS1 1996-HS2 1996-KS1 1996-KS2 1996-KS3 1996-KS4-I 1996-KS4-II
1996-QS1-I 1996-QS1-II 1996-QS2 1996-QS3-I 1996-QS3-II 1996-QS4-I 1996-QS4-II
1996-QS5-I 1996-QS5-II 1996-QS6 1996-S1 1996-S2 1996-S3 1996-S4 1996-S5
1996-S6 1996-S7 1996-S8 1996-S9 1996-S10 1996-S11 1996-S12 1996-S13 1996-S14
1996-S15 1996-S16 1996-S17 1996-S18 1996-S19 1996-S20 1996-WH1A 1996-WH1B
1996-WH2 1996-WH3 1996-WH4 1996-WH4B 1996-WH4C 1996-WH4D 1996-WH4E
1996-WH4F 1996-WH4G-I 1996-WH4G-II 1996-WH5 1996-WH6 1996-WH7 1996-WH9 1996-WH10
1996-WH11 1996-WH12 1996-WH14 1996-WH15A 1996-WH15B 1996-WH15C
5
<PAGE>
EXHIBIT II
RESIDENTIAL FUNDING CORPORATION
SERVICED SERIES AS OF SEPTEMBER 30, 1996
Loans Serviced for Others:
Citizens Thrift & Loan Association
Pool 5001
Liberty Lending Services, Inc.
Pool 5900
Metropolitan Bank
Pool 5901
Owensboro National Bank
Pool 5002
Salomon Brothers Realty
Pool 5005
Argo Federal Savings Bank
Pools 5000 & 5004
<PAGE>
6
<PAGE>
Deloitte & Touche LLP
400 One Financial Plaza
120 South Sixth Street
Minneapolis, Minnesota 55402
As of and for the year ended December 31, 1996, Residential Funding Corporation
(RFC) has complied in all material respects with our minimum servicing standards
set forth below for those loans serviced for others under master servicing
arrangements except as stated in Section VI Delinquencies. Direct servicing
functions are performed by various subservicers.
Our minimum standards are:
I. CUSTODIAL BANK ACCOUNTS
1. Reconciliations shall be prepared on a monthly basis for all custodial
bank accounts and related bank clearing accounts. These
reconciliations shall:
a. be mathematically accurate;
b. be prepared within thirty (30) calendar days after the cutoff
date;
c. be reviewed and approved by someone other than the person who
prepared the reconciliation, and document explanation for
reconciling items.
d. these reconciling items shall be resolved within ninety (90)
calendar days of their original identification.
2. Each custodial and escrow account as maintained by the master servicer
and subservicer shall be maintained in an eligible account in trust
for the applicable certificateholders as prescribed by applicable
pooling and servicing agreements.
<PAGE>
3. Funds shall be advanced by the master servicer or the subservicer, as
required by applicable pooling and servicing agreements in accordance
with the amortization schedules of each mortgage loan, or for
overdrafts in the mortgagers escrow accounts.
<PAGE>
II. SUBSERVICER REMITTANCES
1. Remittances for mortgage payments and payoffs received from
subservicers shall be deposited into the applicable investor
custodial bank account within one business day of receipt.
2. Remittances from subservicers shall be reconciled to
applicable mortgagor records during the appropriate
accounting cycle.
3. Reconciliations shall be performed monthly for each
subservicer remittance.
These reconciliations shall:
a. be mathematically accurate;
b. be prepared within thirty (30) days after the cutoff
date.
III. DISBURSEMENTS
1. Disbursements to investors shall be made in accordance with
the applicable pooling and servicing agreements and/or the
prospectus indicating how cash flows are to be allocated.
2. Amounts remitted to investors per our investor reports shall
agree with the custodial bank statements.
3. Only permitted withdrawals per the applicable pooling and
servicing agreements shall be made from the custodial accounts
for certificateholders.
4. Disbursements of investor funds from custodial accounts via
<PAGE>
wire transfer shall be made only by authorized personnel.
IV. INVESTOR ACCOUNTING AND REPORTING
Statements to the certificateholders shall be made with each monthly
distribution in accordance with applicable pooling and servicing
agreements detailing the applicable distribution activity and effect on
the unpaid principal balance of the mortgage loans.
V. MORTGAGOR LOAN ACCOUNTING
1. Uniform Single Attestation Program reports from subservicers
will be obtained to provide a basis in meeting our minimum
servicing standards.
2. Mortgage loan records shall agree with, or reconcile to, the
mortgage loan records maintained by the subservicer with
respect to unpaid principal balance on a monthly basis.
<PAGE>
VI. DELINQUENCIES
Reports from subservicers identifying delinquent loans shall be
received and reviewed monthly. Reports shall be made with each
distribution to certificateholders as to the number and aggregate
principal balances of delinquent mortgage loans, based on the most
recent reports furnished by the subservicers.
Modifications to investor reporting resulted in delinquency amounts not
being accurately reported for certain loans. These discrepancies were
corrected in the immediate subsequent accounting period.
VII. INSURANCE POLICIES
As of and for this same period, RFC had in effect a fidelity bond and
errors and omissions policy in the amount of $150,000,000 and
$60,000,000, respectively.
<PAGE>
/s/Bruce Paradis
- --------------------------------
Bruce Paradis
Managing Director/President
/s/Davee Olson
- --------------------------------
Davee Olson
Managing Director/Chief Financial Officer
/s/Christopher Nordeen
- --------------------------------
Christopher Nordeen
Managing Director/Distribution
<PAGE>
EXHIBIT I
RESIDENTIAL FUNDING CORPORATION
SERVICED SERIES WITH INITIAL CUTOFF DATE PRIOR TO SEPTEMBER 30, 1996
DECEMBER 31, 1996
- -------------------------------------------------------------------------------
1986 Series
1986-12 1986-15 1986-PC-7R 1986-U1 1986-U5 1986-U7 1986 NY Series A
1987 Series
1987-1 1987-2 1987-3 1987-4 1987-6 1987-S1 1987-S2 1987-S4 1987-S5 1987-S7
1987-S8 1987-S9 1987-SA1 1987-U3 1987-U4 1987-U5 1987-U6 1987-U7 1987-U9
1987-U10 1987-U11-A 1987-U13-A 1987-U14 1987-U15 1987-U16 1987-U17 1987-U18
1987-U19 1987-WH1-A 1987-WH1-B 1987-WH1-C 1987-NY Series A
1988 Series
1988-3A 1988-3B 1988-3C 1988-4B 1988-4C 1988-4D 1988-S1 1988-SW1
1988-U1 1988-U2 1988-U3 1988-U4 1988-U5 1988-U8 1988-U9 1988-U10 1988-NY Series
A
1989 Series
1989-2 1989-3A 1989-3B 1989-3C 1989-4A 1989-4B 1989-4C 1989-4D 1989-4E
1989-5A 1989-5B 1989-7 1989-3/PBSFC 1989-4/PBSFC 1989-S1 1989-S2 1989-S3 1989-S4
1989-S5 1989-S6 1989-SW1A 1989-SW1B 1989-SW2 1989-U1 1989-WH1
1990 Series
1990-2 1990-3A 1990-3B 1990-3C 1990-5 1990-6 1990-8 1990-PC1
1990-PC2 1990-PC3 1990-PC4 1990-PC5 1990-PC6 1990-S1 1990-S14 1990-MS1A
1990-MS1B 1990-MS1C 1990-MS1D 1990-MS1E 1990-SW1A 1990-SW1B 1990-SW1C 1990-SW2A
1990-SW2B 1990-SW3 1990-R16 1990-WH1 1990-WH2 1990C-1A 1990C-1B 1990C-1C
1990C-1D 1990C-1E 1990C-1F 1990C-1G 1990C-1H 1990C-1I 1990C-1J 1990C-1K 1990-NY
Series A
1991 Series
1991-3 1991-4 1991-20 1991-21A 1991-21B 1991-21C 1991-23 1991-25A
1991-25B 1991-R9 1991-R13 1991-R14 1991-S8 1991-S11 1991-S24 1991-S29 1991-S30
1991-S31 1991-MS1A 1991-MS1B 1991-MS1C 1991-MS2 1991-MS3A 1991-MS3B 1991-MS3C
1991-SW1A 1991-SW1B 1991-SW1C 1991-SW5A 1991-SW5B 1991-WH4A 1991-WH4B 1991-J2
1991-J3
1992 Series
1992-S1 1992-S2 1992-S3 1992-S4 1992-S5 1992-S6 1992-S7 1992-S8 1992-S9
1992-S10 1992-S11 1992-S12 1992-13 1992-S14 1992-S15 1992-S16
1992-17A 1992-17B 1992-17C 1992-S18 1992-S19 1992-S20 1992-S21 1992-S22 1992-S23
1992-S24 1992-S25 1992-S26 1992-S27 1992-S28 1992-S29 1992-S30 1992-S31 1992-S32
1992-S33 1992-S34 1992-S35 1992-S36 1992-S37 1992-S38 1992-S39 1992-S40 1992-S41
1992-S42 1992-S43 1992-S44 1992-SW1A 1992-SW1B 1992-SW1C 1992-SW3 1992-SW4
1992-SW5 1992-SW6 1992-SW7 1992-SW12 1992-U2 1992-U10 1992-U11 1992-WH8
1992-A 1992-D 1992-2 1992-4 1992-5 1992-J1 1992-J9 1992-J10
1993 Series
1993-1 1993-6 1993-19 1993-J1 1993-J2 1993-J3 1993-J4 1993-J6 1993-MZ1
1993-MZ2 1993-MZ3 1993-PC3 1993-PC6 1993-PC7 1993-PC9A 1993-PC9B 1993-PC9C
1993-PC9D 1993-PC9F 1993-PC9G 1993-PC9H 1993-PC9I 1993-PC9J 1993-PC11A
1993-PC11B 1993-PC11C 1993-PC12 1993-PC12A 1993-S1 1993-S2 1993-S3 1993-S4
1993-S5 1993-S6 1993-S7 1993-S8 1993-S9 1993-S10 1993-S11 1993-S12
1993-S13 1993-S14 1993-S15 1993-S16 1993-S17 1993-S18 1993-S20 1993-S21 1993-S22
1993-S23 1993-S24 1993-S25 1993-S26 1993-S27 1993-S28 1993-S29 1993-S30 1993-S31
1993-S32 1993-S33 1993-S34 1993-S35 1993-S36 1993-S37 1993-S38 1993-S39 1993-S40
1993-S41 1993-S42 1993-S43 1993-S44 1993-S45 1993-S46 1993-S47 1993-S48 1993-S49
1993-WH2 1993-WH4A 1993-WH4B 1993-WH4C 1993-WH8 1993-WH10 1993-WH13
1993-WH13A 1993-WH14 1993-WH14A-94 1993-WH15A 1993-WH15B 1993-WH15C 1993-WH15D
1993-WH15E-94 1993-WH15F-94 1993-WH15G-94 1993-WH15H-94 1993-WH15I-94
1993-WH15J-94 1993-WH15K-94
1994 Series
1994-MZ1 1994-RS4 1994-S1 1994-S2 1994-S3 1994-S5 1994-S6 1994-S7 1994-S8
1994-S9 1994-S10 1994-S11 1994-S12 1994-S13 1994-S14 1994-S15 1994-S16I
1994-S16II 1994-S16III 1994-S17 1994-S18 1994-S19 1994-S20 1994-WH1
1994-WH2 1994-WH3 1994-WH4A 1994-WH4B 1994-WH4C 1994-WH4D 1994-WH4E 1994-WH4F
1994-WH5 1994-WH8 1994-WH9 1994-WH10 1994-WH11A 1994-WH11B 1994-WH12 1994-WH14
1994-WH15 1994-WH16A 1994-WH16B 1994-WH16C 1994-WH16D 1994-WH17 1994-WH18
1994-WH20 1994-WH21A 1994-WH21B 1994-WH22 1994-WH23
1995 Series
1995-HWH1 1995-HWH2 1995-HWH3 1995-HWH4 1995-HWH5 1995-1 1995-J1
1995-J2 1995-J3 1995-J4 1995-K1 1995-KS1 1995-KS2 1995-KS3-I 1995-KS3-II
1995-KS4 1995-Q1 1995-QS1 1995-S1 1995-S2 1995-S3 1995-S4 1995-S6 1995-S7
1995-S8 1995-S9 1995-S10 1995-S11 1995-S12 1995-S13 1995-S14 1995-S15 1995-S16
1995-S17 1995-S18 1995-S19 1995-S21 1995-WH1 1995-WH2 1995-WH3 1995-WH4 1995-WH5
1995-WH7 1995-WH8 1995-WH9 1995-WH10 1995-WH11 1995-WH12 1995-WH13 1995-WH14
1995-WH15 1995-WH16 1995-WH17 1995-WH18 1995-WH19 1995-WH20 1995-WH21
1995-WH22A 1995-WH22B 1995-WH23
1996 Series
1996-HS1 1996-HS2 1996-KS1 1996-KS2 1996-KS3 1996-KS4-I 1996-KS4-II
1996-QS1-I 1996-QS1-II 1996-QS2 1996-QS3-I 1996-QS3-II 1996-QS4-I 1996-QS4-II
1996-QS5-I 1996-QS5-II 1996-QS6 1996-S1 1996-S2 1996-S3 1996-S4 1996-S5 1996-S6
1996-S7 1996-S8 1996-S9 1996-S10 1996-S11 1996-S12 1996-S13 1996-S14 1996-S15
1996-S16 1996-S17 1996-S18 1996-S19 1996-S20 1996-WH1A 1996-WH1B 1996-WH2
1996-WH3 1996-WH4 1996-WH4B 1996-WH4C 1996-WH4D 1996-WH4E 1996-WH4F 1996-WH4G-I
1996-WH4G-II 1996-WH5 1996-WH6 1996-WH7 1996-WH9 1996-WH10 1996-WH11 1996-WH12
1996-WH14 1996-WH15A 1996-WH15B 1996-WH15C
<PAGE>
EXHIBIT II
RESIDENTIAL FUNDING CORPORATION
SERVICED SERIES WITH INITIAL CUTOFF DATE PRIOR TO SEPTEMBER 30, 1996
DECEMBER 31, 1996
- -------------------------------------------------------------------------------
Loans Serviced for Others:
Citizens Thrift & Loan Association
<PAGE>
Pool 5001
Liberty Lending Services, Inc.
Pool 5900
Metropolitan Bank
Pool 5901
Owensboro National Bank
Pool 5002
Salomon Brothers Realty
Pool 5005
Argo Federal Savings Bank
Pools 5000 & 5004
<PAGE>
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
FORM 10-K
PART IV, Item 5(b)
EXHIBIT #4 Properties. 03/21/97
Mortgage Pool Number of Holders of Record
1995-1 1
1996-HS1 1
1996-HS2 1
1996-HS3 1
1996-RHS4 1
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
03/21/97
Series
Class Holder Name and Address Face Amount Percent
1995-1 0.00 100.0000
1996-HS1 0.00 100.0000
1996-HS2 0.00 100.0000
1996-HS3 0.00 100.0000
1996-RHS4 0.00 100.0000
