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)
October 25, 1998
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
(Exact name of the registrant
as specified in its charter)
Delaware 333-28025 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
<PAGE>
the October 1998 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 1997-GMACM4 RFM2 1997-HS5 RFM2 1998-HS1 RFM2
1998-HI2 RFM2 1998-HS3 RFM2 -> Item 7. Financial Statements and Exhibits (a) See
attached monthly reports. .
<PAGE>
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
Dated October 25, 1998
<PAGE>
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:
Name: Davee Olson
Title: Chief Financial Officer
Dated: October 25, 1998
<PAGE>
Run: 10/15/98 REPT1HC.FRG
12:42:39
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
SERIES 1995-1
PAYMENT DATE: 10/20/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 128,078,000.00 2,099,427.72 260,829.82
525180AF2 54,974,115.31 16.391790 2.036492
5.88984 0.00 52,874,687.59
0.000000 412.831927
CERTIFICATES 6,740,000.00 110,480.67 14,075.52
525180AG0 2,892,967.88 16.391791 2.088356
6.03984 0.00 2,782,487.21
0.000000 412.831930
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.88984 0.00 0.00
- -----------------------------------------------------------------------------
134,818,000.00 2,209,908.39 274,905.34
57,867,083.19 0.00 55,657,174.80
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 436,929.04
SECURITY PRINCIPAL COLLECTIONS: 2,189,074.23
AGGREGATE SECURITY COLLECTIONS: 2,626,003.27
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
FIDELITY LOANS: 17,779,626.91 9.8598
GMACMC LOANS: 18,639,431.21 9.5578
GOAL LINE LOANS: 21,260,395.65 10.1704
TOTAL LOANS: 57,679,453.77 9.8759
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 21,295.11 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 5.456 %
RESIDUAL OWNERSHIP
INTEREST: 135,664.29
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/15/98 REPT2H.FRM
12:43:43
Page: 2
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1
PAYMENT DATE: 10/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 95.00066753
CERTIFICATES 0.00 0.00 4.99933247
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 30
CURRENT AMOUNT: 2,022,278.97 642,019.47
TARGET AMOUNT: 2,022,278.97
60 - 89 DAYS DELINQUENT 11
300,591.71
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 14
262,606.71
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 31
YET REIMBURSED: 0.00 1,337,886.83
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 995,677.48
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: 10/27/98 REPT1HC.FRG
09:31:06
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS1 (ISSUER)
RFMSII SERIES 1996-HS1
PAYMENT DATE: 10/20/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 162,077,000.00 5,363,783.05 362,981.73
76110VAA6 77,424,466.83 33.094042 2.239563
5.81984 0.00 72,060,683.78
0.000000 444.607710
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.81984 0.00 0.00
CERTIFICATES 14,092,938.00 466,392.28 32,212.81
76110VAB4 6,732,221.15 33.094042 2.285741
5.93984 0.00 6,265,828.87
0.000000 444.607708
VARIABLE FUNDING CERT 0.00 0.00 0.00
76110VAB4
5.93984 0.00 0.00
- -----------------------------------------------------------------------------
176,169,938.00 5,830,175.33 395,194.54
84,156,687.98 0.00 78,326,512.65
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 921,486.29
SECURITY PRINCIPAL COLLECTIONS: 5,743,955.48
AGGREGATE SECURITY COLLECTIONS: 6,665,441.77
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 80,969,074.17 10.3347
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 87,470.70 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 3.455 %
RESIDUAL OWNERSHIP
INTEREST: 426,898.85
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/27/98 REPT2H.FRM
09:31:55
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: 10/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
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
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 69
CURRENT AMOUNT: 2,642,561.52 1,570,383.07
TARGET AMOUNT: 2,642,561.52
60 - 89 DAYS DELINQUENT 14
231,016.16
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 19
500,307.89
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 17
YET REIMBURSED: 0.00 143,099.96
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 692,850.86
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: 11/02/98 12:10:44 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC. (COMPANY)
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES SERIES 1996-HS2(POOL # 50025)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 50025
- -------------------------------------------------------------------------------
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
- -------------------------------------------------------------------------------
A-1 76110VAC2 74,000,000.00 0.00 6.950000 % 0.00
A-2 76110VAD0 15,000,000.00 0.00 6.950000 % 0.00
A-3 76110VAE8 41,000,000.00 13,560,862.12 7.200000 % 5,016,855.13
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 87,581,505.73 5,016,855.13
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 81,365.17 5,098,220.30 0.00 0.00 8,544,006.99
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 42,590.17 42,590.17 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 4,228.99 4,228.99 0.00 0.00 5,653,464.61
- -------------------------------------------------------------------------------
565,624.68 5,582,479.81 0.00 0.00 82,564,650.60
===============================================================================
- -------------------------------------------------------------------------------
AMOUNTS PER $1,000 UNIT
- -------------------------------------------------------------------------------
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
- -------------------------------------------------------------------------------
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 330.752735 122.362320 1.984516 124.346836 0.000000 208.390414
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
IO 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:10:45 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC. (COMPANY)
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES 1996-HS2 (POOL # 50025)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 50025
- -------------------------------------------------------------------------------
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 35,233.35
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,637.36
SUBSERVICER ADVANCES THIS MONTH 0.00
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 532,210.14
(B) TWO MONTHLY PAYMENTS: 25 692,845.19
(C) THREE OR MORE MONTHLY PAYMENTS: 29 616,880.52
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 82,564,650.60
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,854
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 0.00
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 616,880.52
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 0.00000000 % 6.45508950 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 93.15268150 % 6.84731850 %
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: 41.62213267
................................................................................
Run: 10/15/98 REPT1HC.FRG
07:56:00
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS3 (ISSUER)
RFMSII SERIES 1996-HS3
PAYMENT DATE: 10/20/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 247,244,000.00 4,976,957.43 518,488.40
43707QAC2 110,975,607.95 20.129740 2.097072
5.79984 0.00 105,998,650.52
0.000000 428.720820
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.79984 0.00 0.00
CERTIFICATES 21,499,396.00 432,777.26 46,562.76
43707QAD0 9,650,015.95 20.129740 2.165771
5.98984 0.00 9,217,238.69
0.000000 428.720820
VARIABLE FUNDING CERT 0.00 0.00 0.00
5.98984 0.00 0.00
- -----------------------------------------------------------------------------
268,743,396.00 5,409,734.69 565,051.16
120,625,623.90 0.00 115,215,889.21
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,098,666.05
SECURITY PRINCIPAL COLLECTIONS: 5,370,223.23
AGGREGATE SECURITY COLLECTIONS: 6,468,889.28
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 120,591,035.38 10.3573
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 39,233.21 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.704 %
RESIDUAL OWNERSHIP
INTEREST: 475,004.37
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/15/98 REPT2H.FRM
07:58:46
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: 10/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 92.00002816
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 7.99997184
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 115
CURRENT AMOUNT: 5,375,146.17 2,549,092.66
TARGET AMOUNT: 5,374,867.92
60 - 89 DAYS DELINQUENT 19
411,271.23
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 36
968,817.43
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 46
YET REIMBURSED: 0.00 1,085,081.36
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,267,020.32
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: 10/14/98 REPT1HE.FRG
15:29:15
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: 10/20/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 116,693,900.00 1,702,897.86 299,437.22
43707QAE8 64,535,675.65 14.592861 2.566006
5.75984 0.00 62,832,777.79
0.000000 538.440979
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.75984 0.00 0.00
0.000000 0.000000
CERTIFICATES 10,147,353.78 148,078.93 27,077.92
43707QAF5 5,611,830.03 14.592862 2.668471
5.98984 0.00 5,463,751.10
0.000000 538.440979
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
5.98984 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
126,841,253.78 1,850,976.79 326,515.14
70,147,505.68 0.00 68,296,528.89
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 612,931.81
SECURITY PRINCIPAL COLLECTIONS: 1,833,471.78
AGGREGATE SECURITY COLLECTIONS: 2,446,403.59
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
70,516,250.83 9.8223
TOTAL LOANS: 70,516,250.83 9.6877
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 17,505.01 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.187 %
RESIDUAL OWNERSHIP
INTEREST: 261,604.64
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/14/98 REPT2H.FRM
15:30:44
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 10/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 91.99995785
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 8.00004215
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 260
CURRENT AMOUNT: 2,219,721.94 811,661.84
TARGET AMOUNT: 2,219,721.94
60 - 89 DAYS DELINQUENT 50
122,682.37
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 10
18,083.87
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 150
YET REIMBURSED: 0.00 508,197.70
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,184,637.92
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: 10/27/98 REPT1HC.FRG
13:32:01
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RFMSII SERIES 1997-HI1
PAYMENT DATE: 10/26/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 NOTES 42,750,000.00 0.00 0.00
437184AA2 0.00 0.000000 0.000000
6.73000 0.00 0.00
0.000000 0.000000
A-2 NOTES 7,250,000.00 2,672,744.06 35,119.38
437184AB0 6,327,816.31 368.654353 4.844052
6.66000 0.00 3,655,072.25
0.000000 504.147897
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
12,037,403.73 0.000000 0.000000
0.00000 0.00 11,838,517.24
0.000000 2222.387694
- -----------------------------------------------------------------------------
154,734,428.36 2,672,744.06 628,116.24
117,683,220.04 0.00 114,811,589.49
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,272,042.77
SECURITY PRINCIPAL COLLECTIONS: 2,028,817.52
AGGREGATE SECURITY COLLECTIONS: 3,300,860.29
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 114,811,589.49 13.0565
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 837,055.17 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 7.654 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/27/98 REPT2H.FRM
13:33:05
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 10/26/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 NOTES 0.00 0.00 0.00000000
A-2 NOTES 0.00 0.00 3.18353945
A-3 NOTES 0.00 0.00 23.08129355
A-4 NOTES 0.00 0.00 22.73289667
A-5 NOTES 0.00 0.00 8.23087638
A-6 NOTES 0.00 0.00 21.77480524
A-7 NOTES 0.00 0.00 10.68533243
CERTIFICATES 0.00 0.00 10.31125629
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 45
CURRENT AMOUNT: 11,838,517.24 1,525,228.00
TARGET AMOUNT: 13,926,098.55
60 - 89 DAYS DELINQUENT 25
779,315.70
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 58
1,868,923.21
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: 10/15/98 REPT1HC.FRG
10:30:45
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RFMSII SERIES 1997-HS2
PAYMENT DATE: 10/20/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 300,402,933.00 7,602,710.63 721,563.64
76110VAP3 155,919,777.85 25.308377 2.401986
5.74484 0.00 148,317,067.22
0.000000 493.727094
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.74484 0.00 0.00
CERTIFICATES 0.00 0.00 606,405.37
0.00000 0.00 0.00
- -----------------------------------------------------------------------------
300,402,933.00 7,602,710.63 1,327,969.01
155,919,777.85 0.00 148,317,067.22
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,442,637.35
SECURITY PRINCIPAL COLLECTIONS: 7,506,808.04
AGGREGATE SECURITY COLLECTIONS: 8,949,445.39
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 152,823,111.21 10.4909
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 96,477.70 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 1.290 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/15/98 REPT2H.FRM
10:34:59
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 10/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 100.00000000
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 76
CURRENT AMOUNT: 4,506,043.99 1,942,261.19
TARGET AMOUNT: 4,506,044.00
60 - 89 DAYS DELINQUENT 13
247,278.34
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 18
424,325.01
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 54
YET REIMBURSED: 0.00 1,591,172.51
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,444,723.57
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
................................................................................
Run: 10/27/98 REPT1HC.FRG
15:46:46
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RFMSII SERIES 1997-HI3
PAYMENT DATE: 10/26/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-PV NOTES 100,000,000.00 1,716,741.66 472,618.57
437184AJ3 78,989,175.44 17.167417 4.726186
7.18000 164,697.84 77,107,735.94
1.646978 771.077359
A-PB NOTES 122,765,141.00 2,107,560.33 580,210.85
437184AH7 96,971,172.92 17.167417 4.726186
7.18000 202,191.54 94,661,421.05
1.646978 771.077362
CERTIFICATES 8,079,564.43 0.00 0.00
14,237,996.43 0.000000 0.000000
0.00000 0.00 14,604,885.81
0.000000 1762.223268
- -----------------------------------------------------------------------------
230,844,705.43 3,824,301.99 1,052,829.42
190,198,344.79 366,889.38 186,374,042.80
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,923,063.53
SECURITY PRINCIPAL COLLECTIONS: 3,420,597.63
AGGREGATE SECURITY COLLECTIONS: 5,343,661.16
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 186,374,042.80 12.8143
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 403,704.36 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 4.588 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/27/98 REPT2H.FRM
15:48:00
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 10/26/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-PV NOTES 0.00 0.00 41.37257248
A-PB NOTES 0.00 0.00 50.79109710
CERTIFICATES 0.00 0.00 7.83633042
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 45
CURRENT AMOUNT: 14,604,885.81 1,697,547.38
TARGET AMOUNT: 20,776,023.49
60 - 89 DAYS DELINQUENT 29
887,546.98
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 78
2,641,377.80
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: 10/14/98 REPT1HE.FRG
15:32:50
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: 10/20/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 194,000,000.00 3,995,285.32 613,265.53
43707QAG3 131,943,892.17 20.594254 3.161163
5.76984 0.00 127,948,606.85
0.000000 659.528901
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.76984 0.00 0.00
0.000000 0.000000
CERTIFICATES 62,173.00 0.00 465,405.33
3,396,088.03 0.000000 7485.650202
0.00000 0.00 3,396,088.03
0.000000 0.000000
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 3,995,285.32 1,078,670.86
135,339,980.20 0.00 131,344,694.88
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,092,204.86
SECURITY PRINCIPAL COLLECTIONS: 3,995,285.32
AGGREGATE SECURITY COLLECTIONS: 5,087,490.18
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
**,***,***.** 9.4550
TOTAL LOANS: 131,344,694.88 9.3255
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 0.00 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.057 %
RESIDUAL OWNERSHIP
INTEREST: 465,405.33
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/14/98 REPT2H.FRM
15:34:28
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-GMACM4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 10/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 97.41436985
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 2.58563015
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 69
CURRENT AMOUNT: 3,396,088.03 1,831,134.54
TARGET AMOUNT: 3,396,088.03
60 - 89 DAYS DELINQUENT 13
405,472.48
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 4
100,341.66
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 16
YET REIMBURSED: 0.00 351,204.84
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 2,026,590.33
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: 10/20/98 REPT1HC.FRG
14:00:58
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RFMSII SERIES 1997-HS5
PAYMENT DATE: 10/25/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 Certificates 43,000,000.00 0.00 0.00
76110VAQ1 0.00 0.000000 0.000000
6.88000 0.00 0.00
0.000000 0.000000
A-2 Certificates 16,800,000.00 0.00 0.00
76110VAR9 0.00 0.000000 0.000000
6.56000 0.00 0.00
0.000000 0.000000
A-3 Certificates 55,800,000.00 8,079,007.30 184,435.03
76110VAS7 33,997,241.32 144.785077 3.305287
6.51000 0.00 25,918,234.02
0.000000 464.484481
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
8.00000 0.00 0.00
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 0.00 0.00 0.00
0.00000 0.00 0.00
R-II Certificates 573.80 402,467.44 0.00
4,592,531.00 0.000000
0.00000 0.00 4,592,531.00
0.000000
- -----------------------------------------------------------------------------
229,626,573.80 8,481,474.74 973,911.68
152,615,772.32 0.00 144,536,765.02
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,376,379.12
SECURITY PRINCIPAL COLLECTIONS: 8,079,007.30
AGGREGATE SECURITY COLLECTIONS: 9,455,386.42
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 144,536,765.02 11.0132
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 0.454 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/20/98 REPT2H.FRM
14:02:01
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 10/25/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 Certificates 0.00 0.00 0.00000000
A-2 Certificates 0.00 0.00 0.00000000
A-3 Certificates 0.00 0.00 17.93193172
A-4 Certificates 0.00 0.00 7.33377421
A-5 Certificates 0.00 0.00 12.52276540
A-6 Certificates 0.00 0.00 5.74248358
A-7 Certificates 0.00 0.00 12.99185020
A-L1 Certificates 0.00 0.00 14.03656710
A-L2 Certificates 0.00 0.00 0.84407590
IO Certificates 0.00 0.00 0.00000000
M-1 Certificates 0.00 0.00 13.50383067
M-2 Certificates 0.00 0.00 6.35478454
B-1 Certificates 0.00 0.00 5.56052296
R-I Certificates 0.00 0.00 0.00000000
R-II Certificates 0.00 0.00 3.17741372
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 2
CURRENT AMOUNT: 4,592,531.00 26,905.06
TARGET AMOUNT: 4,592,531.00
60 - 89 DAYS DELINQUENT 11
308,375.08
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 17
347,240.35
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: 10/13/98 REPT1HC.FRG
11:49:04
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1998-HS1 (ISSUER)
RFMSII SERIES 1998-HS1
PAYMENT DATE: 10/20/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 517,879,000.00 17,156,748.88 1,668,205.79
76110VBD9 358,913,965.18 33.128875 3.221227
5.76984 1,542,332.80 340,214,883.50
2.978172 656.938944
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.76984 0.00 0.00
CERTIFICATES 0.00 0.00 0.00
0.00000 0.00 0.00
- -----------------------------------------------------------------------------
517,879,000.00 17,156,748.88 1,668,205.79
358,913,965.18 1,542,332.80 340,214,883.50
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 3,263,408.06
SECURITY PRINCIPAL COLLECTIONS: 17,143,044.66
AGGREGATE SECURITY COLLECTIONS: 20,406,452.72
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 346,870,211.64 10.2637
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 13,987.12 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.061 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/13/98 REPT2H.FRM
11:53:40
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1998-HS1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 10/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 100.00000000
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 87
CURRENT AMOUNT: 6,655,328.14 2,244,085.08
TARGET AMOUNT: 7,653,394.35
60 - 89 DAYS DELINQUENT 10
339,414.09
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 17
669,449.74
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 12
YET REIMBURSED: 0.00 400,419.45
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 5,264,688.20
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: 10/21/98 REPT1HC.FRG
12:09:29
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1998-HI2 (ISSUER)
RFMSII SERIES 1998-HI2
PAYMENT DATE: 10/26/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 Notes 134,680,000.00 6,065,724.02 575,105.95
76110VBE7 118,547,143.48 45.038046 4.270166
5.63375 0.00 112,481,419.46
0.000000 835.175375
A-2 Notes 86,990,000.00 0.00 455,972.58
76110VBF4 86,990,000.00 0.000000 5.241667
6.29000 0.00 86,990,000.00
0.000000 1000.000000
A-3 Notes 23,280,000.00 0.00 122,802.00
76110VBG2 23,280,000.00 0.000000 5.275000
6.33000 0.00 23,280,000.00
0.000000 1000.000000
A-4 Notes 21,390,000.00 0.00 117,823.25
76110VBH0 21,390,000.00 0.000000 5.508333
6.61000 0.00 21,390,000.00
0.000000 1000.000000
A-5 Notes 32,620,000.00 0.00 185,118.50
76110VBJ6 32,620,000.00 0.000000 5.675000
6.81000 0.00 32,620,000.00
0.000000 1000.000000
A-6 Notes 0.00 0.00 208,333.33
76110VBK3
5.00000 0.00 0.00
M-1 Notes 40,400,000.00 0.00 228,260.00
76110VBL1 40,400,000.00 0.000000 5.650000
6.78000 0.00 40,400,000.00
0.000000 1000.000000
M-2 Notes 28,280,000.00 0.00 168,973.00
76110VBM9 28,280,000.00 0.000000 5.975000
7.17000 0.00 28,280,000.00
0.000000 1000.000000
B-1 Notes 24,240,000.00 0.00 161,802.00
76110VBN7 24,240,000.00 0.000000 6.675000
8.01000 0.00 24,240,000.00
0.000000 1000.000000
B-2 Notes 12,120,000.00 0.00 83,325.00
76110VBP2 12,120,000.00 0.000000 6.875000
8.25000 0.00 12,120,000.00
0.000000 1000.000000
- -----------------------------------------------------------------------------
404,000,000.00 6,065,724.02 2,307,515.61
387,867,143.48 0.00 381,801,419.46
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 3,949,902.68
SECURITY PRINCIPAL COLLECTIONS: 4,423,336.95
AGGREGATE SECURITY COLLECTIONS: 8,373,239.63
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 383,633,686.47 13.2207
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 11,871.35 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.029 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/21/98 REPT2H.FRM
12:10:49
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1998-HI2 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 10/26/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 Notes 0.00 0.00 29.46071275
A-2 Notes 0.00 0.00 22.78409549
A-3 Notes 0.00 0.00 6.09741054
A-4 Notes 0.00 0.00 5.60238881
A-5 Notes 0.00 0.00 8.54370841
A-6 Notes 0.00 0.00 0.00000000
M-1 Notes 0.00 0.00 10.58141692
M-2 Notes 0.00 0.00 7.40699184
B-1 Notes 0.00 0.00 6.34885015
B-2 Notes 0.00 0.00 3.17442508
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 168
CURRENT AMOUNT: 1,832,267.01 5,016,133.46
TARGET AMOUNT: 14,007,639.07
60 - 89 DAYS DELINQUENT 39
1,350,305.16
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 45
1,458,977.41
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 1
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: 10/16/98 REPT1HC.FRG
09:58:40
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1998-HS3 (ISSUER)
RFMSII SERIES 1998-HS3
PAYMENT DATE: 10/20/98
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 150,000,000.00 8,748,163.26 524,089.50
150,000,000.00 58.321088 3.493930
5.71734 626,182.88 140,625,653.86
4.174553 937.504359
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.71734 0.00 0.00
CERTIFICATES 0.00 0.00 0.00
0.00000 0.00 0.00
- -----------------------------------------------------------------------------
150,000,000.00 8,748,163.26 524,089.50
150,000,000.00 626,182.88 140,625,653.86
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,167,147.38
SECURITY PRINCIPAL COLLECTIONS: 8,748,163.26
AGGREGATE SECURITY COLLECTIONS: 9,915,310.64
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 139,841,860.98 9.1746
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 0.00 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.000 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 10/16/98 REPT2H.FRM
10:00:44
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1998-HS3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 10/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 100.00000000
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 45
CURRENT AMOUNT: -783,792.88 1,363,382.04
TARGET AMOUNT: 2,674,620.43
60 - 89 DAYS DELINQUENT 0
0.00
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 0
0.00
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 0
YET REIMBURSED: 0.00 0.00
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 4,011,474.17
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
................................................................................
