SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
November 25, 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 November 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 November 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: November 25, 1998
<PAGE>
Run: 11/16/98 REPT1HC.FRG
15:01:22
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
SERIES 1995-1
PAYMENT DATE: 11/20/98
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 1,336,151.85 251,644.27
525180AF2 52,874,687.59 10.432329 1.964774
5.52688 0.00 51,538,535.74
0.000000 402.399598
CERTIFICATES 6,740,000.00 70,313.90 13,601.98
525180AG0 2,782,487.21 10.432329 2.018098
5.67688 0.00 2,712,173.31
0.000000 402.399601
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.52688 0.00 0.00
- -----------------------------------------------------------------------------
134,818,000.00 1,406,465.75 265,246.25
55,657,174.80 0.00 54,250,709.05
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 494,302.55
SECURITY PRINCIPAL COLLECTIONS: 1,385,583.00
AGGREGATE SECURITY COLLECTIONS: 1,879,885.55
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
FIDELITY LOANS: 17,359,867.50 9.8559
GMACMC LOANS: 18,720,383.75 9.5591
GOAL LINE LOANS: 20,192,736.77 10.1644
TOTAL LOANS: 56,272,988.02 9.8737
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 22,233.53 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 5.632 %
RESIDUAL OWNERSHIP
INTEREST: 202,950.30
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/16/98 REPT2H.FRM
15:02:20
Page: 2
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1
PAYMENT DATE: 11/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 95.00066754
CERTIFICATES 0.00 0.00 4.99933246
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 36
CURRENT AMOUNT: 2,022,278.97 803,163.73
TARGET AMOUNT: 2,022,278.97
60 - 89 DAYS DELINQUENT 10
280,397.78
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 18
305,409.32
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 142
YET REIMBURSED: 0.00 1,317,004.08
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,015,055.22
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: 11/16/98 REPT1HC.FRG
15:04:48
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS1 (ISSUER)
RFMSII SERIES 1996-HS1
PAYMENT DATE: 11/20/98
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 3,486,815.69 338,611.71
76110VAA6 72,060,683.78 21.513328 2.089203
5.45688 0.00 68,573,868.09
0.000000 423.094382
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.45688 0.00 0.00
CERTIFICATES 14,092,938.00 303,186.00 30,090.47
76110VAB4 6,265,828.87 21.513328 2.135145
5.57688 0.00 5,962,642.87
0.000000 423.094380
VARIABLE FUNDING CERT 0.00 0.00 0.00
76110VAB4
5.57688 0.00 0.00
- -----------------------------------------------------------------------------
176,169,938.00 3,790,001.69 368,702.18
78,326,512.65 0.00 74,536,510.96
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 703,089.37
SECURITY PRINCIPAL COLLECTIONS: 3,764,200.26
AGGREGATE SECURITY COLLECTIONS: 4,467,289.63
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 77,179,072.51 10.3304
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 25,801.43 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 3.658 %
RESIDUAL OWNERSHIP
INTEREST: 297,489.50
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/16/98 REPT2H.FRM
15:05:49
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-HS1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
1996-HS1 LLC (LIMITED LIABILITY COMPANY)
PAYMENT DATE: 11/20/98
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 75
CURRENT AMOUNT: 2,642,561.55 1,941,551.86
TARGET AMOUNT: 2,642,561.52
60 - 89 DAYS DELINQUENT 16
278,405.99
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 21
630,861.60
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 36
YET REIMBURSED: 0.00 154,538.00
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 784,224.99
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 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 8,544,006.99 7.200000 % 4,678,672.78
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 82,564,650.60 4,678,672.78
===============================================================================
- -------------------------------------------------------------------------------
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 51,264.04 4,729,936.82 0.00 0.00 3,865,334.21
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 40,949.67 40,949.67 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 252,270.51 252,270.51 0.00 0.00 5,653,464.61
- -------------------------------------------------------------------------------
781,924.57 5,460,597.35 0.00 0.00 77,885,977.82
===============================================================================
- -------------------------------------------------------------------------------
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-3 208.390414 114.113970 1.250342 115.364312 0.000000 94.276444
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-November-98
DISTRIBUTION DATE 25-November-98
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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 # ****)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 50025
- -------------------------------------------------------------------------------
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 35,053.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,608.49
SUBSERVICER ADVANCES THIS MONTH 0.00
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 1,034,847.00
(B) TWO MONTHLY PAYMENTS: 2 56,128.69
(C) THREE OR MORE MONTHLY PAYMENTS: 5 107,602.78
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 77,885,977.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,708
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 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 0.00000000 % 6.84731850 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 92.74135760 % 7.25864240 %
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: 39.26354049
................................................................................
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14:11:16
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS3 (ISSUER)
RFMSII SERIES 1996-HS3
PAYMENT DATE: 11/20/98
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 5,893,622.81 496,260.01
43707QAC2 105,998,650.52 23.837273 2.007167
5.43688 0.00 100,105,027.71
0.000000 404.883547
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.43688 0.00 0.00
CERTIFICATES 21,499,396.00 512,486.98 44,660.92
43707QAD0 9,217,238.69 23.837273 2.077310
5.62688 0.00 8,704,751.71
0.000000 404.883547
VARIABLE FUNDING CERT 0.00 0.00 0.00
5.62688 0.00 0.00
- -----------------------------------------------------------------------------
268,743,396.00 6,406,109.79 540,920.93
115,215,889.21 0.00 108,809,779.42
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,086,913.51
SECURITY PRINCIPAL COLLECTIONS: 6,361,665.12
AGGREGATE SECURITY COLLECTIONS: 7,448,578.63
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 114,185,356.51 10.0913
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 44,013.75 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.782 %
RESIDUAL OWNERSHIP
INTEREST: 483,305.39
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/16/98 REPT2H.FRM
14:12:26
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-HS3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
1996-HS3 LLC (LIMITED LIABILITY COMPANY)
PAYMENT DATE: 11/20/98
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 112
CURRENT AMOUNT: 5,375,577.09 2,351,561.55
TARGET AMOUNT: 5,374,867.92
60 - 89 DAYS DELINQUENT 16
531,084.47
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 33
873,302.19
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 88
YET REIMBURSED: 0.00 1,306,156.91
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,361,481.77
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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14:16:26
Page: 1
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4
GMAC MORTGAGE CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING CORPORATION (ADMINISTRATOR)
1996-RHS4 LLC (LIMITED LIABILITY COMPANY)
PAYMENT DATE: 11/20/98
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 2,185,252.60 292,003.61
43707QAE8 62,832,777.79 18.726365 2.502304
5.39688 0.00 60,647,525.19
0.000000 519.714614
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.39688 0.00 0.00
0.000000 0.000000
CERTIFICATES 10,147,353.78 190,023.05 26,473.89
43707QAF5 5,463,751.10 18.726365 2.608945
5.62688 0.00 5,273,728.05
0.000000 519.714614
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
5.62688 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
126,841,253.78 2,375,275.65 318,477.50
68,296,528.89 0.00 65,921,253.24
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 561,230.59
SECURITY PRINCIPAL COLLECTIONS: 2,353,182.15
AGGREGATE SECURITY COLLECTIONS: 2,914,412.74
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
68,140,975.18 9.3092
TOTAL LOANS: 68,140,975.18 9.1817
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 22,093.50 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.226 %
RESIDUAL OWNERSHIP
INTEREST: 213,545.37
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/16/98 REPT2H.FRM
14:17:12
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 11/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
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
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 270
CURRENT AMOUNT: 2,219,721.94 876,356.35
TARGET AMOUNT: 2,219,721.94
60 - 89 DAYS DELINQUENT 60
132,317.62
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 30
97,049.53
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 130
YET REIMBURSED: 0.00 426,204.20
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,110,888.86
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: 11/20/98 REPT1HC.FRG
11:20:22
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RFMSII SERIES 1997-HI1
PAYMENT DATE: 11/25/98
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 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 2,831,992.54 20,285.65
437184AB0 3,655,072.25 390.619661 2.798021
6.66000 336,790.46 486,289.25
46.453857 67.074379
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
11,818,931.60 0.000000 0.000000
0.00000 0.00 12,155,722.06
0.000000 2182.052603
- -----------------------------------------------------------------------------
154,734,428.36 2,831,992.54 613,282.51
114,792,003.85 336,790.46 111,960,011.31
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,299,559.86
SECURITY PRINCIPAL COLLECTIONS: 2,590,708.61
AGGREGATE SECURITY COLLECTIONS: 3,890,268.47
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 111,960,011.31 13.0571
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 241,283.93 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 8.065 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/20/98 REPT2H.FRM
11:21:09
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 11/25/98
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 0.43434191
A-3 NOTES 0.00 0.00 23.66916517
A-4 NOTES 0.00 0.00 23.31189475
A-5 NOTES 0.00 0.00 8.44051362
A-6 NOTES 0.00 0.00 22.32940110
A-7 NOTES 0.00 0.00 10.95748371
CERTIFICATES 0.00 0.00 10.85719974
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 50
CURRENT AMOUNT: 12,155,722.06 1,580,667.08
TARGET AMOUNT: 13,926,098.55
60 - 89 DAYS DELINQUENT 34
1,114,583.39
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 56
1,815,605.61
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 0
YET REIMBURSED: 0.00 0.00
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 0.00
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
Run: 11/16/98 REPT1HC.FRG
15:15:58
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RFMSII SERIES 1997-HS2
PAYMENT DATE: 11/20/98
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 8,245,576.29 687,360.12
76110VAP3 148,317,067.21 27.448388 2.288127
5.38188 0.00 140,071,490.92
0.000000 466.278706
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.38188 0.00 0.00
CERTIFICATES 0.00 0.00 551,152.27
0.00000 0.00 0.00
- -----------------------------------------------------------------------------
300,402,933.00 8,245,576.29 1,238,512.39
148,317,067.21 0.00 140,071,490.92
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,385,275.18
SECURITY PRINCIPAL COLLECTIONS: 8,116,302.61
AGGREGATE SECURITY COLLECTIONS: 9,501,577.79
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 144,577,534.92 10.2300
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 129,459.13 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 1.453 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/16/98 REPT2H.FRM
15:16:39
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 11/20/98
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 93
CURRENT AMOUNT: 4,506,044.00 2,340,235.27
TARGET AMOUNT: 4,506,044.00
60 - 89 DAYS DELINQUENT 13
392,908.46
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 21
482,433.64
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 82
YET REIMBURSED: 0.00 1,352,207.72
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,243,772.46
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
Run: 11/20/98 REPT1HC.FRG
11:40:01
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RFMSII SERIES 1997-HI3
PAYMENT DATE: 11/25/98
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-PV NOTES 100,000,000.00 1,750,653.24 461,361.29
437184AJ3 77,107,735.94 17.506532 4.613613
7.18000 192,420.24 75,164,662.46
1.924202 751.646625
A-PB NOTES 122,765,141.00 2,149,191.93 566,390.84
437184AH7 94,661,421.05 17.506532 4.613613
7.18000 236,224.98 92,276,004.14
1.924202 751.646627
CERTIFICATES 8,079,564.43 0.00 0.00
14,604,885.81 0.000000 0.000000
0.00000 0.00 15,033,531.03
0.000000 1807.632817
- -----------------------------------------------------------------------------
230,844,705.43 3,899,845.17 1,027,752.13
186,374,042.80 428,645.22 182,474,197.63
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,021,921.07
SECURITY PRINCIPAL COLLECTIONS: 3,374,400.91
AGGREGATE SECURITY COLLECTIONS: 5,396,321.98
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 182,474,197.63 12.8169
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 525,444.26 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 4.974 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/20/98 REPT2H.FRM
11:40:53
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 11/25/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-PV NOTES 0.00 0.00 41.19194025
A-PB NOTES 0.00 0.00 50.56934369
CERTIFICATES 0.00 0.00 8.23871606
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 62
CURRENT AMOUNT: 15,033,531.03 2,190,329.75
TARGET AMOUNT: 20,776,023.49
60 - 89 DAYS DELINQUENT 42
1,506,332.31
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 75
2,534,990.79
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 0
YET REIMBURSED: 0.00 0.00
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 0.00
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
Run: 11/16/98 REPT1HE.FRG
14:19:47
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: 11/20/98
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 5,588,545.59 595,719.05
43707QAG3 127,948,606.85 28.806936 3.070717
5.40688 0.00 122,360,061.26
0.000000 630.721965
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.40688 0.00 0.00
0.000000 0.000000
CERTIFICATES 62,173.00 0.00 433,106.24
3,396,088.03 0.000000 6966.146720
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 5,588,545.59 1,028,825.29
131,344,694.88 0.00 125,756,149.29
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,041,959.76
SECURITY PRINCIPAL COLLECTIONS: 5,588,545.59
AGGREGATE SECURITY COLLECTIONS: 6,630,505.35
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 125,756,149.29 8.8317
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 0.00 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.060 %
RESIDUAL OWNERSHIP
INTEREST: 433,106.24
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/16/98 REPT2H.FRM
14:20:35
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-GMACM4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 11/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 97.29946563
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 2.70053437
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 55
CURRENT AMOUNT: 3,396,088.03 1,639,637.53
TARGET AMOUNT: 3,396,088.03
60 - 89 DAYS DELINQUENT 20
603,341.06
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 6
170,617.23
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 20
YET REIMBURSED: 0.00 451,546.50
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,661,972.56
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
Run: 11/19/98 REPT1HC.FRG
11:29:20
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RFMSII SERIES 1997-HS5
PAYMENT DATE: 11/25/98
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 9,974,888.73 140,606.42
76110VAS7 25,918,234.02 178.761447 2.519828
6.51000 0.00 15,943,345.29
0.000000 285.723034
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 573.80 387,192.44 0.00
4,592,531.00 0.000000
0.00000 0.00 4,592,531.00
0.000000
- -----------------------------------------------------------------------------
229,626,573.80 10,362,081.17 930,083.07
144,536,765.02 0.00 134,561,876.29
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,349,017.39
SECURITY PRINCIPAL COLLECTIONS: 9,943,146.84
AGGREGATE SECURITY COLLECTIONS: 11,292,164.23
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 134,561,876.29 11.0121
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 31,741.89 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.512 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/19/98 REPT2H.FRM
11:30:18
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 11/25/98
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 11.84833753
A-4 Certificates 0.00 0.00 7.87741691
A-5 Certificates 0.00 0.00 13.45106095
A-6 Certificates 0.00 0.00 6.16816607
A-7 Certificates 0.00 0.00 13.95491837
A-L1 Certificates 0.00 0.00 15.07707871
A-L2 Certificates 0.00 0.00 0.90664610
IO Certificates 0.00 0.00 0.00000000
M-1 Certificates 0.00 0.00 14.50485125
M-2 Certificates 0.00 0.00 6.82585607
B-1 Certificates 0.00 0.00 5.97271695
R-I Certificates 0.00 0.00 0.00000000
R-II Certificates 0.00 0.00 3.41295107
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 11
CURRENT AMOUNT: 4,592,531.00 410,837.47
TARGET AMOUNT: 4,592,531.00
60 - 89 DAYS DELINQUENT 4
27,653.14
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 14
307,682.37
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: 11/17/1998 REPT1HC.FRG
17:29:51
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1998-HS1 (ISSUER)
RFMSII SERIES 1998-HS1
PAYMENT DATE: 11/20/1998
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 21,035,257.49 1,584,014.79
76110VBD9 340,214,883.50 40.618093 3.058658
5.40688 999,364.77 318,180,261.24
1.929726 614.391125
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.40688 0.00 0.00
CERTIFICATES 0.00 0.00 452,878.07
0.00000 0.00 0.00
- -----------------------------------------------------------------------------
517,879,000.00 21,035,257.49 2,036,892.86
340,214,883.50 999,364.77 318,180,261.24
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 3,073,177.19
SECURITY PRINCIPAL COLLECTIONS: 21,035,194.54
AGGREGATE SECURITY COLLECTIONS: 24,108,371.73
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 325,833,655.59 10.0026
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 1,361.51 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.066 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
Run: 11/20/98 REPT1HC.FRG
12:02:53
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1998-HI2 (ISSUER)
RFMSII SERIES 1998-HI2
PAYMENT DATE: 11/25/98
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 Notes 134,680,000.00 8,760,408.81 492,985.44
76110VBE7 112,481,419.46 65.046100 3.660421
5.25938 0.00 103,721,010.65
0.000000 770.129274
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 8,760,408.81 2,225,395.10
381,801,419.46 0.00 373,041,010.65
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 4,390,318.18
SECURITY PRINCIPAL COLLECTIONS: 6,595,485.74
AGGREGATE SECURITY COLLECTIONS: 10,985,803.92
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 377,017,326.81 13.2166
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 20,873.92 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.035 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 11/20/98 REPT2H.FRM
12:03:48
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1998-HI2 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 11/25/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 Notes 0.00 0.00 27.80418444
A-2 Notes 0.00 0.00 23.31915192
A-3 Notes 0.00 0.00 6.24060072
A-4 Notes 0.00 0.00 5.73395401
A-5 Notes 0.00 0.00 8.74434689
A-6 Notes 0.00 0.00 0.00000000
M-1 Notes 0.00 0.00 10.82990847
M-2 Notes 0.00 0.00 7.58093593
B-1 Notes 0.00 0.00 6.49794508
B-2 Notes 0.00 0.00 3.24897254
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 186
CURRENT AMOUNT: 3,976,316.16 2,132,899.82
TARGET AMOUNT: 14,007,639.07
60 - 89 DAYS DELINQUENT 135
775,867.02
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT197
2,136,534.33
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 70
YET REIMBURSED: 0.00 18,970.56
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 0.00
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
Run: 11/16/98 REPT1HC.FRG
12:53:12
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1998-HS3 (ISSUER)
RFMSII SERIES 1998-HS3
PAYMENT DATE: 11/20/98
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 3,219,439.30 655,953.36
140,625,653.86 21.462929 4.373022
5.41688 425,088.38 136,981,126.18
2.833923 913.207508
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.41688 0.00 0.00
CERTIFICATES 0.00 0.00 0.00
0.00000 0.00 0.00
- -----------------------------------------------------------------------------
150,000,000.00 3,219,439.30 655,953.36
140,625,653.86 425,088.38 136,981,126.18
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,096,862.13
SECURITY PRINCIPAL COLLECTIONS: 3,219,439.30
AGGREGATE SECURITY COLLECTIONS: 4,316,301.43
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: **,***,***.** 9.4841
GOAL LINE LOANS: 99,999,999.99 99.9999
TOTAL LOANS: 136,622,421.68 9.3541
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: 11/16/98 REPT2H.FRM
12:56:13
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1998-HS3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 11/20/98
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 **.********
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 54
CURRENT AMOUNT: -358,704.50 1,589,661.40
TARGET AMOUNT: 2,674,620.43
60 - 89 DAYS DELINQUENT 6
196,540.38
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: 4,180,202.37
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
................................................................................
