RESIDENTIAL FUNDING MORTGAGE SECURITIES II INC
8-K, 1998-01-15
ASSET-BACKED SECURITIES
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                       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)
                                 December 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 December1997  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: December 25, 1997







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             17:42:12

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1995-1     (ISSUER)
                  SERIES 1995-1
   


PAYMENT DATE:  12/22/97


 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     2,155,691.93        417,032.56
525180AF2                   78,356,848.05        16.831087          3.256083

                                  5.98750             0.00     76,201,156.12
                                                  0.000000        594.958979


CERTIFICATES                 6,740,000.00       113,441.53         22,495.79
525180AG0                    4,123,465.08        16.831088          3.337654

                                  6.13750             0.00      4,010,023.55
                                                  0.000000        594.958984


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     2,269,133.46        439,528.35
                            82,480,313.13             0.00     80,211,179.67

=====================================================================
========


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                   666,265.05


SECURITY PRINCIPAL COLLECTIONS:                2,314,214.52
AGGREGATE SECURITY COLLECTIONS:                2,980,479.57


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
FIDELITY LOANS:            23,221,973.34      9.8577
GMACMC LOANS:              25,840,796.14      9.5104

GOAL LINE LOANS:           33,170,689.16     10.1515

TOTAL LOANS:               82,233,458.64      9.8673




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:            -45,081.06      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                2.899 %
RESIDUAL OWNERSHIP
INTEREST:                     264,041.73



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500
























Run:         12/10/97                                               REPT2H.FRM
             17:42:30

Page:        2


HOME EQUITY LOAN TRUST 1995-1     (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1


PAYMENT DATE:     12/22/97

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       95.00066753

CERTIFICATES                                 0.00         0.00        4.99933247

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000




 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  44
CURRENT AMOUNT:            2,022,278.97                             1,424,742.48
TARGET AMOUNT:             2,022,278.97
                                                   60 - 89 DAYS DELINQUENT  19
                                                                      686,999.96
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 19
                                                                      606,023.06
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT   34
YET REIMBURSED:                    0.00                             1,443,411.48

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:              710,470.26


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











 ................................................................................




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             15:53:58

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS1     (ISSUER)
           RFMSII SERIES 1996-HS1    


PAYMENT DATE:  12/22/97


 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     3,214,750.94        597,630.28
76110VAA6                  113,617,923.45        19.834714          3.687323

                                  5.91750             0.00    110,403,172.51
                                                  0.000000        681.177295


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       279,529.39         53,019.01
76110VAB4                    9,879,318.76        19.834714          3.762098

                                  6.03750             0.00      9,599,789.37
                                                  0.000000        681.177294


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     3,494,280.33        650,649.29
                           123,497,242.21             0.00    120,002,961.88



=====================================================================
========


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,046,080.07
SECURITY PRINCIPAL COLLECTIONS:                3,532,310.30
AGGREGATE SECURITY COLLECTIONS:                4,578,390.37


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
GMACMC LOANS:              000.00     10.3468

GOAL LINE LOANS:                    0.00      0.0000

TOTAL LOANS:              122,645,553.35     10.3468




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:            -38,029.97      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                1.302 %
RESIDUAL OWNERSHIP
INTEREST:                     415,965.31



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500


















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             15:54:19

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:     12/22/97

 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  78
CURRENT AMOUNT:            2,642,591.47                             2,530,660.40
TARGET AMOUNT:             2,642,561.52
                                                   60 - 89 DAYS DELINQUENT  25
                                                                      678,662.21
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 26
                                                                      746,482.62
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT   43
YET REIMBURSED:                    0.00                             1,526,717.20

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            1,138,721.57


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    15,598,208.63     6.950000  %  4,442,681.10
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     5,653,464.61     0.000000  %          0.00

- -------------------------------------------------------------------------------
                  198,367,179.00   145,618,852.24                  4,442,681.10
=====================================================================
==========
______________________________________________________________________________
_
                                                                      REMAINING
            INTEREST         TOTAL         DEFERRED    REALIZED       PRINCIPAL
           DISTRIBUTION   DISTRIBUTION     INTEREST     LOSSES         BALANCE
______________________________________________________________________________
_
A-1        90,339.62  4,533,020.72            0.00       0.00     11,155,527.53
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         59,195.51     59,195.51            0.00       0.00              0.00
R-I             0.00          0.00            0.00       0.00              0.00
R-II      183,077.91    183,077.91            0.00       0.00      5,653,464.61

- -------------------------------------------------------------------------------
        1,102,928.39  5,545,609.49            0.00       0.00    141,176,171.14
=====================================================================
==========
______________________________________________________________________________
_



AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
       BEGINNING                                                        ENDING
       BALANCE    PRINCIPAL     INTEREST      TOTAL      DEFERRED      
BALANCE
CLASS  FACTOR     FACTOR        FACTOR     DISTRIBUTION  INTEREST      
FACTOR
______________________________________________________________________________
_
A-1    210.786603  60.036231     1.220806    61.257037   0.000000    150.750372
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       22-December-97 
DISTRIBUTION DATE        26-December-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                      
59,426.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER                    
9,508.19

SUBSERVICER ADVANCES THIS MONTH                                            0.00
MASTER SERVICER ADVANCES THIS MONTH                                        0.00


                                                          NUMBER OF   PRINCIPAL
DELINQUENCIES:                                              LOANS      BALANCE

 (A)  ONE MONTHLY PAYMENT:                                    45   1,182,706.08

 (B)  TWO MONTHLY PAYMENTS:                                   24     675,478.95

 (C)  THREE OR MORE MONTHLY PAYMENTS:                         30   1,081,668.76


FORECLOSURES
  NUMBER OF LOANS                                                             0
  AGGREGATE PRINCIPAL BALANCE                                              0.00

SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION                                                     141,176,171.14

AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE                                                        4,545

NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS                                       0

BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS                      
0.00

REMAINING SUBCLASS INTEREST SHORTFALL                                      0.00

CLASS A SHORTFALL (PRINCIPAL)                                              0.00
CLASS A SHORTFALL (INTEREST)                                               0.00

TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION                   
3,695,922.77

TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION                            0.00

DISTRIBUTION PERCENTAGES:
                                               SENIOR          SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION          96.11762860 %     3.88237140 %
CURRENT PREPAYMENT PERCENTAGE               100.00000000 %     0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION             95.99545410 %     4.00454590 %

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:                                                71.16911757


 ................................................................................




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             08:31:45

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS3     (ISSUER)
           RFMSII SERIES 1996-HS3    


PAYMENT DATE:  12/22/97


 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     6,496,966.23        952,833.95
43707QAC2                  181,761,456.54        26.277549          3.853820

                                  5.89750             0.00    175,264,490.31
                                                  0.000000        708.872572


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       564,951.42         85,524.15
43707QAD0                   15,805,283.59        26.277548          3.977979

                                  6.08750             0.00     15,240,332.17
                                                  0.000000        708.872573


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     7,061,917.65      1,038,358.10
                           197,566,740.13             0.00    190,504,822.48



=====================================================================
========


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,865,999.54
SECURITY PRINCIPAL COLLECTIONS:                7,061,917.65
AGGREGATE SECURITY COLLECTIONS:                8,927,917.19


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
GMACMC LOANS:              000.00     10.3632

GOAL LINE LOANS:                    0.00      0.0000

TOTAL LOANS:              195,879,690.40     10.3632




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                                                0.170 %
RESIDUAL OWNERSHIP
INTEREST:                     796,360.05



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500


















Run:         12/15/97                                               REPT2H.FRM
             08:32:38

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:     12/22/97

 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 107
CURRENT AMOUNT:            5,374,867.92                             2,880,192.11
TARGET AMOUNT:             5,374,867.92
                                                   60 - 89 DAYS DELINQUENT  29
                                                                    1,039,608.77
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 41
                                                                    1,336,023.12
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT   45
YET REIMBURSED:                    0.00                                     0.00

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            1,262,479.81


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:         12/12/97                                               REPT1HE.FRG
             12:19:06

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:  12/22/97


 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     2,622,860.79        492,269.48
43707QAE8                   94,545,994.64        22.476417          4.218468

                                  5.85750             0.00     91,923,133.85
                                                  0.000000        787.728697


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       228,076.16         44,487.11
43707QAF5                    8,221,437.93        22.476417          4.384109

                                  6.08750             0.00      7,993,361.77
                                                  0.000000        787.728697


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     2,850,936.95        536,756.59
                           102,767,432.57             0.00     99,916,495.62

=====================================================================
========


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                   859,239.74
SECURITY PRINCIPAL COLLECTIONS:                2,850,936.95
AGGREGATE SECURITY COLLECTIONS:                3,710,176.69


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------

                           000.00      9.8463

TOTAL LOANS:              102,136,217.56      9.7114





AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:                  0.00      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.006 %
RESIDUAL OWNERSHIP
INTEREST:                     311,778.21



ADMINISTRATOR:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500





















Run:         12/12/97                                               REPT2H.FRM
             12:19:34

Page:        2

RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4    (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)



PAYMENT DATE:     12/22/97

 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  29
CURRENT AMOUNT:            2,219,721.94                               986,810.83
TARGET AMOUNT:             2,219,721.94
                                                   60 - 89 DAYS DELINQUENT   6
                                                                      313,054.16
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT  7
                                                                      184,534.57
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT   15
YET REIMBURSED:                    0.00                               385,889.57

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            1,324,872.96


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:         12/22/97                                               REPT1HC.FRG
             09:59:39

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI1     (ISSUER)
           RFMSII SERIES 1997-HI1    


PAYMENT DATE:  12/26/97


 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     1,789,938.07        141,594.66
437184AA2                   25,247,190.59        41.869896          3.312156

                                  6.73000       120,569.39     23,336,683.13
                                                  2.820337        545.887325


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
                            11,763,508.73         0.000000          0.000000

                                  0.00000             0.00     11,884,078.12
                                                  0.000000       2171.820238


- -----------------------------------------------------------------------------
                           154,734,428.36     1,789,938.07        774,829.02
                           143,578,699.32       120,569.39    141,788,761.25

=====================================================================
========


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,413,359.87
SECURITY PRINCIPAL COLLECTIONS:                1,304,930.40
AGGREGATE SECURITY COLLECTIONS:                2,718,290.27


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
GMACMC LOANS:              99,999,999.99     99.9999

GOAL LINE LOANS:           000.00     13.0927

TOTAL LOANS:              141,788,761.25     13.0927




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00


NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:            485,007.67      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                1.324 %
RESIDUAL OWNERSHIP
INTEREST:                           0.00



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500













































Run:         12/22/97                                               REPT2H.FRM
             10:00:43

Page:        2

RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI1     (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)



PAYMENT DATE:     12/26/97

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE

A-1 NOTES                                    0.00         0.00       16.45876791

A-2 NOTES                                    0.00         0.00        5.11324024

A-3 NOTES                                    0.00         0.00       18.68977468

A-4 NOTES                                    0.00         0.00       18.40766487

A-5 NOTES                                    0.00         0.00        6.66484418

A-6 NOTES                                    0.00         0.00       17.63186291

A-7 NOTES                                    0.00         0.00        8.65230777

CERTIFICATES                                 0.00         0.00        8.38153745




 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  82
CURRENT AMOUNT:           11,884,078.12                             2,416,957.90
TARGET AMOUNT:            13,926,098.55
                                                   60 - 89 DAYS DELINQUENT  20
                                                                      602,061.79
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 66
                                                                    2,318,690.66
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:         12/12/97                                               REPT1HC.FRG
             10:51:28

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS2     (ISSUER)
           RFMSII SERIES 1997-HS2    


PAYMENT DATE:  12/22/97


 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     6,983,480.10      1,287,519.93
76110VAP3                  247,917,830.40        23.247044          4.285977

                                  5.84250             0.00    240,934,350.30
                                                  0.000000        802.037277


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        826,354.50
                                     0.00         0.000000       0000.000000

                                  0.00000             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           300,402,933.00     6,983,480.10      2,113,874.43
                           247,917,830.40             0.00    240,934,350.30

=====================================================================
========


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 2,151,603.84


SECURITY PRINCIPAL COLLECTIONS:                6,974,674.44
AGGREGATE SECURITY COLLECTIONS:                9,126,278.28


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
GMACMC LOANS:              000.00     10.4815

GOAL LINE LOANS:           99,999,999.99     99.9999

TOTAL LOANS:              245,440,394.30     10.4815




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:              8,805.66      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.018 %
RESIDUAL OWNERSHIP
INTEREST:                           0.00



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500

























Run:         12/12/97                                               REPT2H.FRM
             10:51:59

Page:        2

RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS2     (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)



PAYMENT DATE:     12/22/97

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE


TERM NOTES                                   0.00         0.00       00.000000

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  94
CURRENT AMOUNT:            4,506,044.00                             3,079,693.01
TARGET AMOUNT:             4,506,044.00
                                                   60 - 89 DAYS DELINQUENT  21
                                                                      752,065.22
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 45
                                                                    1,800,577.44
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT   24
YET REIMBURSED:                    0.00                               913,884.79

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            3,117,094.02


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:         12/17/97                                               REPT1HC.FRG
             16:10:15

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI3     (ISSUER)
           RFMSII SERIES 1997-HI3    


PAYMENT DATE:  12/26/97


 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       650,540.18        567,618.51
437184AJ3                   94,866,603.72         6.505402          5.676185

                                  7.18000       277,311.51     93,938,752.03
                                                  2.773115        939.387520


A-PB NOTES                 122,765,141.00       798,636.58        696,837.67
437184AH7                  116,463,120.22         6.505402          5.676185

                                  7.18000       340,441.87    115,324,041.77
                                                  2.773115        939.387523


CERTIFICATES                 8,079,564.43             0.00              0.00
                            12,282,701.95         0.000000          0.000000

                                  0.00000             0.00     12,900,455.33
                                                  0.000000       1520.218331


- -----------------------------------------------------------------------------
                           230,844,705.43     1,449,176.76      1,264,456.18
                           223,612,425.89       617,753.38    222,163,249.13

=====================================================================
========


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 2,226,003.61


SECURITY PRINCIPAL COLLECTIONS:                1,155,716.56
AGGREGATE SECURITY COLLECTIONS:                3,381,720.17


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
GMACMC LOANS:              99,999,999.99     99.9999

GOAL LINE LOANS:           000.00     12.8589

TOTAL LOANS:              222,163,249.13     12.8589




FUNDING ACCOUNT


DEPOSIT AMOUNT:                                        0.00
NEW BALANCE:                                           0.00

AGGREGATE LIQUIDATION                         CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE                          LOSS AMOUNTS AS A
COLLECTION PERIOD:            293,460.20      PERCENTAGE OF POOL BALANCE:

DISTRIBUTION TO                                                0.335 %
RESIDUAL OWNERSHIP
INTEREST:                           0.00



MASTER SERVICER:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500

























Run:         12/17/97                                               REPT2H.FRM
             16:10:50

Page:        2

RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI3     (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)



PAYMENT DATE:     12/26/97

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE



A-PV NOTES                                   0.00         0.00       42.28365961

A-PB NOTES                                   0.00         0.00       51.90959451

CERTIFICATES                                 0.00         0.00        5.80674589




 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  74
CURRENT AMOUNT:           12,900,455.33                             2,373,584.42
TARGET AMOUNT:            20,776,023.49
                                                   60 - 89 DAYS DELINQUENT  28
                                                                      969,488.25
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT 57
                                                                    1,923,166.01
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:         12/12/97                                               REPT1HE.FRG
             12:20:41

Page:        1


RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-GMACM4 
GMAC MORTGAGE CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING CORPORATION (ADMINISTRATOR)
1997-GMACM4  LLC (LIMITED LIABILITY COMPANY)


PAYMENT DATE:  12/22/97


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR



TERM NOTES                 194,000,000.00     4,478,916.23        955,875.12
43707QAG3                  183,273,883.46        23.087197          4.927191

                                  5.86750       433,942.51    178,361,024.72
                                                  2.236817        919.386725


VARIABLE FUNDING NOTES               0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  5.86750             0.00              0.00
                                                  0.000000          0.000000


CERTIFICATES                    62,173.00             0.00              0.00
                             1,823,302.75         0.000000          0.000000

                                  0.00000             0.00      2,257,245.26
                                                  0.000000       0000.000000


VARIABLE FUNDING CERT                0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  0.00000             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------


                           194,062,173.00     4,478,916.23        955,875.12
                           185,097,186.21       433,942.51    180,618,269.98

=====================================================================
========


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 1,408,327.35
SECURITY PRINCIPAL COLLECTIONS:                4,478,916.23
AGGREGATE SECURITY COLLECTIONS:                5,887,243.58


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------

                           000.00      9.4814

TOTAL LOANS:              180,618,269.98      9.3515





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



ADMINISTRATOR:

RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA  91608
(818) 753-3500





















Run:         12/12/97                                               REPT2H.FRM
             12:21:10

Page:        2

RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-GMACM4  (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)



PAYMENT DATE:     12/22/97

 ADDITIONAL INFORMATION


CLASS                            EXCESS          REMAINING            ENDING
                            LOSS AMOUNT             UNPAID          SECURITY
                                                  INTEREST        PERCENTAGE



TERM NOTES                                   0.00         0.00       98.75026748

VARIABLE FUNDING NOTES                       0.00         0.00        0.00000000

CERTIFICATES                                 0.00         0.00        1.24973252

VARIABLE FUNDING CERT                        0.00         0.00        0.00000000




 RESERVE AMOUNT                                     DELINQUENCY


AT END OF CURRENT PERIOD:                          LOANS
                                                   30 - 59 DAYS DELINQUENT  51
CURRENT AMOUNT:            2,257,245.26                             1,535,022.86
TARGET AMOUNT:             3,396,088.03
                                                   60 - 89 DAYS DELINQUENT  12
                                                                      388,488.93
 CREDIT ENHANCEMENT
                                                   90 - 179 DAYS DELINQUENT  7
                                                                      209,974.13
DRAW AMOUNT:                       0.00
PRIOR DRAWS NOT                                    180 OR MORE DELINQUENT    4
YET REIMBURSED:                    0.00                               108,516.62

                                                   REO LOANS                 0
 ADDITIONAL BALANCES                                                        0.00


CURRENT PERIOD:            2,792,899.60


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:         12/18/97                                               REPT1HC.FRG
             14:23:46

Page:        1

RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS5     (ISSUER)
           RFMSII SERIES 1997-HS5    


PAYMENT DATE:  12/25/97


 DISTRIBUTION AMOUNTS



CLASS                            ORIGINAL/     PRINCIPAL           INTEREST 
CUSIP                           BEGINNING   DISTRIBUTION       DISTRIBUTION
                                  BALANCE         FACTOR             FACTOR

                             PASS-THROUGH     ACCEL PRIN     ENDING BALANCE
                                     RATE         FACTOR             FACTOR



A-1 Certificates            43,000,000.00     4,351,812.92        220,060.27
76110VAQ1                   38,382,604.85       101.204952          5.117681

                                  6.88000             0.00     34,030,791.93
                                                  0.000000        791.413766


A-2 Certificates            16,800,000.00             0.00         91,840.00
76110VAR9                   16,800,000.00         0.000000          5.466667

                                  6.56000             0.00     16,800,000.00
                                                  0.000000       1000.000000


A-3 Certificates            55,800,000.00             0.00        302,715.00
76110VAS7                   55,800,000.00         0.000000          5.425000

                                  6.51000             0.00     55,800,000.00
                                                  0.000000       1000.000000


A-4 Certificates            10,600,000.00             0.00         57,416.67
76110VAT5                   10,600,000.00         0.000000          5.416667

                                  6.50000             0.00     10,600,000.00
                                                  0.000000       1000.000000










A-5 Certificates            18,100,000.00             0.00        100,605.83
76110VAU2                   18,100,000.00         0.000000          5.558333

                                  6.67000             0.00     18,100,000.00
                                                  0.000000       1000.000000


A-6 Certificates             8,300,000.00             0.00         46,756.67
76110VAV0                    8,300,000.00         0.000000          5.633334

                                  6.76000             0.00      8,300,000.00
                                                  0.000000       1000.000000


A-7 Certificates            18,778,000.00             0.00        109,538.33
76110VAW8                   18,778,000.00         0.000000          5.833333

                                  7.00000             0.00     18,778,000.00
                                                  0.000000       1000.000000


A-L1 Certificates           20,288,000.00             0.00        113,781.87
76110VAX6                   20,288,000.00         0.000000          5.608333

                                  6.73000             0.00     20,288,000.00
                                                  0.000000       1000.000000


A-L2 Certificates            1,220,000.00             0.00          6,994.67
76110VAY4                    1,220,000.00         0.000000          5.733336

                                  6.88000             0.00      1,220,000.00
                                                  0.000000       1000.000000


IO Certificates                      0.00             0.00        135,253.33
76110VAZ1                            0.00         0.000000       0000.0

                                  8.00000             0.00              0.00
                                                  0.000000          0.000000


M-1 Certificates            19,518,000.00             0.00        114,017.65
76110VBA5                   19,518,000.00         0.000000          5.841667

                                  7.01000             0.00     19,518,000.00
                                                  0.000000       1000.000000


M-2 Certificates             9,185,000.00             0.00         54,880.38
76110VBB3                    9,185,000.00         0.000000          5.975001

                                  7.17000             0.00      9,185,000.00
                                                  0.000000       1000.000000









B-1 Certificates             8,037,000.00             0.00         50,231.25
76110VBC1                    8,037,000.00         0.000000          6.250000

                                  7.50000             0.00      8,037,000.00
                                                  0.000000       1000.000000


R-I Certificates                   573.80             0.00              0.00
                               644,927.12         0.000000          0.000000

                                  0.00000             0.00      1,285,791.37
                                                  0.000000       0000.000000


R-II Certificates                    0.00             0.00              0.00
                                     0.00         0.000000          0.000000

                                  0.00000             0.00              0.00
                                                  0.000000          0.000000


- -----------------------------------------------------------------------------
                           229,626,573.80     4,351,812.92      1,404,091.92
                           225,653,531.97             0.00    221,942,583.30

=====================================================================
========


 SECURITY COLLECTIONS


SECURITY INTEREST COLLECTIONS:                 2,044,956.16
SECURITY PRINCIPAL COLLECTIONS:                3,710,948.67
AGGREGATE SECURITY COLLECTIONS:                5,755,904.83


MORTGAGE LOANS:            ENDING            WEIGHTED AVERAGE
                           ASSET BALANCE     NET LOAN RATE
                           -------------     ----------------
GMACMC LOANS:              000.00     11.2395

GOAL LINE LOANS:           99,999,999.99     99.9999

TOTAL LOANS:              221,942,583.30     11.0856




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




















































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