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)
November 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 November 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: November 25, 1997
Run: 11/17/97 REPT1HC.FRG
11:23:30
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
SERIES 1995-1
PAYMENT DATE: 11/20/97
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 2,786,336.55 413,999.29
525180AF2 81,143,184.60 21.754997 3.232400
5.92500 0.00 78,356,848.05
0.000000 611.790066
CERTIFICATES 6,740,000.00 146,628.68 22,337.93
525180AG0 4,270,093.76 21.754997 3.314233
6.07500 0.00 4,123,465.08
0.000000 611.790071
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.92500 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
134,818,000.00 2,932,965.23 436,337.22
85,413,278.36 0.00 82,480,313.13
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 736,304.00
SECURITY PRINCIPAL COLLECTIONS: 2,755,989.12
AGGREGATE SECURITY COLLECTIONS: 3,492,293.12
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
FIDELITY LOANS: 23,416,914.25 9.8596
GMACMC LOANS: 26,722,571.29 9.5031
GOAL LINE LOANS: 34,363,106.56 10.1466
TOTAL LOANS: 84,502,592.10 9.8663
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 176,976.11 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 2.874 %
RESIDUAL OWNERSHIP
INTEREST: 114,980.08
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/17/97 REPT2H.FRM
11:23:57
Page: 2
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1
PAYMENT DATE: 11/20/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 95.00066752
CERTIFICATES 0.00 0.00 4.99933248
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 38
CURRENT AMOUNT: 2,022,278.97 1,232,395.18
TARGET AMOUNT: 2,022,278.97
60 - 89 DAYS DELINQUENT 11
607,804.72
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 21
511,756.73
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 29
YET REIMBURSED: 0.00 1,291,511.06
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 880,761.49
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: 11/19/97 REPT1HC.FRG
13:16:53
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS1 (ISSUER)
RFMSII SERIES 1996-HS1
PAYMENT DATE: 11/20/97
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 4,460,397.32 595,327.93
76110VAA6 118,078,320.77 27.520236 3.673118
5.85500 0.00 113,617,923.45
0.000000 701.012009
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.85500 0.00 0.00
0.000000 0.000000
CERTIFICATES 14,092,938.00 387,840.98 52,825.96
76110VAB4 10,267,159.74 27.520236 3.748399
5.97500 0.00 9,879,318.76
0.000000 701.012008
VARIABLE FUNDING CERT 0.00 0.00 0.00
76110VAB4 0.00 0.000000 0.000000
5.97500 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
176,169,938.00 4,848,238.30 648,153.89
128,345,480.51 0.00 123,497,242.21
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,130,336.08
SECURITY PRINCIPAL COLLECTIONS: 4,406,755.61
AGGREGATE SECURITY COLLECTIONS: 5,537,091.69
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 126,139,833.68 10.3476
GOAL LINE LOANS: 0.00 0.0000
TOTAL LOANS: 126,139,833.68 10.3476
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 441,482.69 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 1.296 %
RESIDUAL OWNERSHIP
INTEREST: 21,379.47
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/19/97 REPT2H.FRM
13:17:26
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: 11/20/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 92.00037298
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 7.99962702
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 75
CURRENT AMOUNT: 2,642,591.47 2,342,374.15
TARGET AMOUNT: 2,642,561.52
60 - 89 DAYS DELINQUENT 19
505,009.89
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 26
708,611.49
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 40
YET REIMBURSED: 0.00 1,438,383.62
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,178,937.78
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: 11/25/97 11:27:00 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 # 9602)
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 21,707,194.92 6.950000 % 6,113,216.58
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 5,430,710.13 0.000000 % 0.00
- -------------------------------------------------------------------------------
198,367,179.00 151,505,084.05 6,113,216.58
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 125,720.84 6,238,937.42 0.00 0.00 15,593,978.34
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 60,876.85 60,876.85 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 226,984.77 0.00 5,657,694.90
- -------------------------------------------------------------------------------
956,913.04 7,070,129.62 226,984.77 0.00 145,618,852.24
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 293.340472 82.611035 1.698930 84.309965 0.000000 210.729437
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 20-November-97
DISTRIBUTION DATE 25-November-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 # 9602)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 50025
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 63,304.57
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 10,128.73
SUBSERVICER ADVANCES THIS MONTH 0.00
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 160 4,952,206.36
(B) TWO MONTHLY PAYMENTS: 18 494,835.64
(C) THREE OR MORE MONTHLY PAYMENTS: 28 1,031,318.45
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 145,618,852.24
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,668
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 4,628,688.20
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 0.00000000 % 3.58450690 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 96.11472360 % 3.88527640 %
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: 73.40874265
................................................................................
Run: 11/13/97 REPT1HC.FRG
14:43:25
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS3 (ISSUER)
RFMSII SERIES 1996-HS3
PAYMENT DATE: 11/20/97
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 7,338,106.72 950,146.51
43707QAC2 189,099,563.26 29.679615 3.842951
5.83500 0.00 181,761,456.54
0.000000 735.150121
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.83500 0.00 0.00
0.000000 0.000000
CERTIFICATES 21,499,396.00 638,093.79 85,311.44
43707QAD0 16,443,377.38 29.679615 3.968085
6.02500 0.00 15,805,283.59
0.000000 735.150122
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
6.02500 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
268,743,396.00 7,976,200.51 1,035,457.95
205,542,940.64 0.00 197,566,740.13
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,848,003.91
SECURITY PRINCIPAL COLLECTIONS: 7,817,254.52
AGGREGATE SECURITY COLLECTIONS: 9,665,258.43
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 202,941,608.05 10.3661
GOAL LINE LOANS: 0.00 0.0000
TOTAL LOANS: 202,941,608.05 10.3661
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 158,945.99 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.165 %
RESIDUAL OWNERSHIP
INTEREST: 620,580.67
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/13/97 REPT2H.FRM
14:43:47
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: 11/20/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 92.00002815
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 7.99997185
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 100
CURRENT AMOUNT: 5,374,867.92 2,568,805.06
TARGET AMOUNT: 5,374,867.92
60 - 89 DAYS DELINQUENT 22
762,409.71
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 35
1,159,841.42
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 44
YET REIMBURSED: 0.00 1,371,361.77
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,593,783.61
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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10:00:21
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: 11/20/97
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 2,116,804.71 482,360.79
43707QAE8 96,662,799.35 18.139806 4.133556
5.79500 0.00 94,545,994.64
0.000000 810.205115
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.79500 0.00 0.00
0.000000 0.000000
CERTIFICATES 10,147,353.78 184,071.03 43,609.41
43707QAF5 8,405,508.96 18.139806 4.297614
6.02500 0.00 8,221,437.93
0.000000 810.205114
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
6.02500 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
126,841,253.78 2,300,875.74 525,970.20
105,068,308.31 0.00 102,767,432.57
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 883,807.67
SECURITY PRINCIPAL COLLECTIONS: 2,294,572.70
AGGREGATE SECURITY COLLECTIONS: 3,178,380.37
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
104,987,154.51 9.8470
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 6,303.04 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.006 %
RESIDUAL OWNERSHIP
INTEREST: 340,589.80
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/19/97 REPT2H.FRM
10:00:57
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SEVICER)
PAYMENT DATE: 11/20/97
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 24
CURRENT AMOUNT: 2,219,721.94 919,398.53
TARGET AMOUNT: 2,219,721.94
60 - 89 DAYS DELINQUENT 10
402,593.15
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 7
196,132.87
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 14
YET REIMBURSED: 0.00 328,961.03
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,750,623.28
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: 11/20/97 REPT1HC.FRG
15:12:26
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RFMSII SERIES 1997-HI1
PAYMENT DATE: 11/25/97
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 1,792,132.96 153,662.05
437184AA2 27,398,879.19 41.921239 3.594434
6.73000 359,555.64 25,247,190.59
8.410658 590.577558
A-2 NOTES 7,250,000.00 0.00 40,237.50
437184AB0 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
437184AC8 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
437184AD6 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
437184AE4 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
437184AF1 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
437184AG9 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
11,403,953.09 0.000000 0.000000
0.00000 0.00 11,763,508.73
0.000000 2105.437815
- -----------------------------------------------------------------------------
154,734,428.36 1,792,132.96 786,896.41
145,370,832.28 359,555.64 143,578,699.32
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,554,822.40
SECURITY PRINCIPAL COLLECTIONS: 1,417,254.32
AGGREGATE SECURITY COLLECTIONS: 2,972,076.72
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
143,578,699.32 13.0968
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 374,878.64 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.970 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/20/97 REPT2H.FRM
15:12:52
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 11/25/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
A-1 NOTES 0.00 0.00 17.58421737
A-2 NOTES 0.00 0.00 5.04949553
A-3 NOTES 0.00 0.00 18.45677675
A-4 NOTES 0.00 0.00 18.17818390
A-5 NOTES 0.00 0.00 6.58175624
A-6 NOTES 0.00 0.00 17.41205354
A-7 NOTES 0.00 0.00 8.54444291
CERTIFICATES 0.00 0.00 8.19307375
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 53
CURRENT AMOUNT: 11,763,508.73 1,643,031.87
TARGET AMOUNT: 13,926,098.55
60 - 89 DAYS DELINQUENT 36
1,279,903.28
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 53
1,733,095.34
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: 11/19/97 REPT1HC.FRG
13:15:22
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RFMSII SERIES 1997-HS2
PAYMENT DATE: 11/20/97
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 7,715,949.89 1,272,346.13
76110VAP3 255,633,780.29 25.685335 4.235465
5.78000 0.00 2470,917,830.40
0.000000 825.284320
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.78000 0.00 0.00
0.000000 0.000000
CERTIFICATES 0.00 0.00 967,134.56
0.00 0.000000 967,134.56
0.00000 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
300,402,933.00 7,715,949.89 2,239,480.69
255,633,780.29 0.00 247,917,830.40
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,287,304.63
SECURITY PRINCIPAL COLLECTIONS: 7,697,949.89
AGGREGATE SECURITY COLLECTIONS: 9,985,254.52
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
252,423,874.40 10.4826
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 18,000.00 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.014 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/19/97 REPT2H.FRM
13:16:01
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SEVICER)
PAYMENT DATE: 11/20/97
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 78
CURRENT AMOUNT: 4,506,044.00 2,667,396.26
TARGET AMOUNT: 4,506,044.00
60 - 89 DAYS DELINQUENT 19
697,710.82
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 46
1,756,773.19
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 16
YET REIMBURSED: 0.00 594,344.32
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 2,919,285.66
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: 11/20/97 REPT1HC.FRG
15:14:15
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RFMSII SERIES 1997-HI3
PAYMENT DATE: 11/25/97
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 1,316,375.46 575,609.63
437184AJ3 96,202,166.67 13.163755 5.756096
7.18000 268,019.59 94,617,771.62
2.680196 946.177716
A-PB NOTES 122,765,141.00 1,061,739.02 706,647.98
437184AH7 118,102,725.97 8.648538 5.756096
7.18000 329,034.63 116,711,952.32
2.680196 950.692936
CERTIFICATES 8,079,564.43 0.00 0.00
11,685,647.73 0.000000 0.000000
0.00000 0.00 12,282,701.95
0.000000 1446.321498
- -----------------------------------------------------------------------------
230,844,705.43 2,378,114.48 1,282,257.61
225,990,540.37 597,054.22 223,612,425.89
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,381,659.13
SECURITY PRINCIPAL COLLECTIONS: 1,926,592.84
AGGREGATE SECURITY COLLECTIONS: 4,308,251.97
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
223,612,425.89 12.8650
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 451,521.64 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.202 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/20/97 REPT2H.FRM
15:14:45
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 11/25/97
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
A-PV NOTES 0.00 0.00 42.31328883
A-PB NOTES 0.00 0.00 52.19385813
CERTIFICATES 0.00 0.00 5.49285305
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 66
CURRENT AMOUNT: 12,282,701.95 2,034,154.72
TARGET AMOUNT: 20,776,023.49
60 - 89 DAYS DELINQUENT 32
991,142.83
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 43
1,548,067.33
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
................................................................................
