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)
January 25, 1998
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
(Exact name of the registrant
as specified in its charter)
33-92096
Delaware 33-80419 41-1808858
(State or other (Commission (I.R.S. Employee
jurisdiction of File No.) Identification No.)
Incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
- -------------------------------------------------------
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the January 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
Item 7. Financial Statements and Exhibits (a) Not applicable (b) Not applicable
(c) See Item 5.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL FUNDING MORTGAGE
SECURITIES II, INC.
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
and Treasurer
Dated: January 25, 1998
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
SERIES 1995-1
PAYMENT DATE: 01/20/98
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL
INTEREST
CUSIP BEGINNING DISTRIBUTION
DISTRIBUTION
BALANCE FACTOR
FACTOR
PASS-THROUGH ACCEL PRIN
ENDING BALANCE
RATE FACTOR
FACTOR
TERM NOTES 128,078,000.00 2,244,986.10
384,802.61
525180AF2 76,201,156.12 17.528273
3.004440
6.26875 0.00
73,956,170.02
0.000000
577.430706
CERTIFICATES 6,740,000.00 118,140.56
20,734.47
525180AG0 4,010,023.55 17.528273
3.076331
6.41875 0.00
3,891,882.99
0.000000
577.430711
VARIABLE FUNDING NOTES 0.00 0.00
0.00
0.00 0.000000
0.000000
6.26875 0.00
0.00
0.000000
0.000000
- -----------------------------------------------------------------
- ------------
134,818,000.00 2,363,126.66
405,537.08
80,211,179.67 0.00
77,848,053.01
=================================================================
============
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 720,640.98
SECURITY PRINCIPAL COLLECTIONS: 2,308,299.55
AGGREGATE SECURITY COLLECTIONS: 3,028,940.53
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
FIDELITY LOANS: 22,883,163.30 9.8586
GMACMC LOANS: 24,790,683.60 9.5134
GOAL LINE LOANS: 32,196,485.08 10.1519
TOTAL LOANS: 79,870,331.98 9.8685
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE
LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 55,570.11 PERCENTAGE OF POOL
BALANCE:
DISTRIBUTION TO
3.054 %
RESIDUAL OWNERSHIP
INTEREST: 252,669.56
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
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HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1
PAYMENT DATE: 01/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING
ENDING
LOSS AMOUNT UNPAID
SECURITY
INTEREST
PERCENTAGE
TERM NOTES 0.00 0.00
95.00066753
CERTIFICATES 0.00 0.00
4.99933247
VARIABLE FUNDING NOTES 0.00 0.00
0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS
DELINQUENT 44
CURRENT AMOUNT: 2,022,278.97
1,302,699.66
TARGET AMOUNT: 2,022,278.97
60 - 89 DAYS
DELINQUENT 14
371,419.78
CREDIT ENHANCEMENT
90 - 179 DAYS
DELINQUENT 17
537,087.86
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE
DELINQUENT 34
YET REIMBURSED: 0.00
1,402,509.00
REO LOANS
0
ADDITIONAL BALANCES
0.00
CURRENT PERIOD: 1,225,053.93
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: 01/14/98
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS1 (ISSUER)
RFMSII SERIES 1996-HS1
PAYMENT DATE: 01/20/98
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL
INTEREST
CUSIP BEGINNING DISTRIBUTION
DISTRIBUTION
BALANCE FACTOR
FACTOR
PASS-THROUGH ACCEL PRIN
ENDING BALANCE
RATE FACTOR
FACTOR
TERM NOTES 162,077,000.00 2,895,180.48
551,291.34
76110VAA6 110,403,172.51 17.862994
3.401416
6.19875 0.00
107,507,992.03
0.000000
663.314301
VARIABLE FUNDING NOTES 0.00 0.00
0.00
0.00 0.000000
0.000000
6.19875 0.00
0.00
0.000000
0.000000
CERTIFICATES 14,092,938.00 251,742.07
48,863.93
76110VAB4 9,599,789.37 17.862994
3.467264
6.31875 0.00
9,348,047.30
0.000000
663.314300
VARIABLE FUNDING CERT 0.00 0.00
0.00
76110VAB4 0.00 0.000000
0.000000
6.31875 0.00
0.00
0.000000
0.000000
- -----------------------------------------------------------------
- ------------
176,169,938.00 3,146,922.55
600,155.27
120,002,961.88 0.00
116,856,039.33
=================================================================
============
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,106,329.61
SECURITY PRINCIPAL COLLECTIONS: 3,101,198.96
AGGREGATE SECURITY COLLECTIONS: 4,207,528.57
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 00,000,000.00 10.3472
GOAL LINE LOANS: 0.00 0.0000
TOTAL LOANS: 119,498,630.80 10.3472
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE
LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 45,823.59 PERCENTAGE OF POOL
BALANCE:
DISTRIBUTION TO
1.374 %
RESIDUAL OWNERSHIP
INTEREST: 443,350.33
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/14/98
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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: 01/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING
ENDING
LOSS AMOUNT UNPAID
SECURITY
INTEREST
PERCENTAGE
TERM NOTES 0.00 0.00
92.00037298
VARIABLE FUNDING NOTES 0.00 0.00
0.00000000
CERTIFICATES 0.00 0.00
7.99962702
VARIABLE FUNDING CERT 0.00 0.00
0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS
DELINQUENT 89
CURRENT AMOUNT: 2,642,591.47
2,680,801.39
TARGET AMOUNT: 2,642,561.52
60 - 89 DAYS
DELINQUENT 28
893,200.84
CREDIT ENHANCEMENT
90 - 179 DAYS
DELINQUENT 27
679,823.62
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE
DELINQUENT 44
YET REIMBURSED: 0.00
1,655,254.15
REO LOANS
0
ADDITIONAL BALANCES
0.00
CURRENT PERIOD: 1,298,881.84
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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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 11,155,527.53 6.950000 %
5,273,616.28
A-2 76110VAD0 15,000,000.00 15,000,000.00 6.950000 %
0.00
A-3 76110VAE8 41,000,000.00 41,000,000.00 7.200000 %
0.00
A-4 76110VAF5 26,500,000.00 26,500,000.00 7.550000 %
0.00
A-5 76110VAG3 9,374,000.00 9,374,000.00 7.850000 %
0.00
A-6 76110VAH1 12,341,000.00 12,341,000.00 7.950000 %
0.00
A-L 76110VAK4 20,152,179.00 20,152,179.00 7.600000 %
0.00
IO 76110VAJ7 0.00 0.00 1.700000 %
0.00
R-I 0.00 0.00 0.000000 %
0.00
R-II 0.00 5,653,464.61 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
198,367,179.00 141,176,171.14
5,273,616.28
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 64,609.10 5,338,225.38 0.00 0.00
5,881,911.25
A-2 86,875.00 86,875.00 0.00 0.00
15,000,000.00
A-3 246,000.00 246,000.00 0.00 0.00
41,000,000.00
A-4 166,729.17 166,729.17 0.00 0.00
26,500,000.00
A-5 61,321.58 61,321.58 0.00 0.00
9,374,000.00
A-6 81,759.13 81,759.13 0.00 0.00
12,341,000.00
A-L 127,630.47 127,630.47 0.00 0.00
20,152,179.00
IO 57,518.05 57,518.05 0.00 0.00
0.00
R-I 0.00 0.00 0.00 0.00
0.00
R-II 125,568.43 125,568.43 0.00 0.00
5,653,464.61
- -----------------------------------------------------------------
- --------------
1,018,010.93 6,291,627.21 0.00 0.00
135,902,554.86
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-1 150.750372 71.265085 0.873096 72.138181 0.000000
79.485287
A-2 1000.000000 0.000000 5.791667 5.791667 0.000000
1000.000000
A-3 1000.000000 0.000000 6.000000 6.000000 0.000000
1000.000000
A-4 1000.000000 0.000000 6.291667 6.291667 0.000000
1000.000000
A-5 1000.000000 0.000000 6.541666 6.541666 0.000000
1000.000000
A-6 1000.000000 0.000000 6.625000 6.625000 0.000000
1000.000000
A-L 1000.000000 0.000000 6.333333 6.333333 0.000000
1000.000000
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
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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
61,044.49
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
9,767.12
SUBSERVICER ADVANCES THIS MONTH
0.00
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 128
3,780,868.39
(B) TWO MONTHLY PAYMENTS: 12
294,608.51
(C) THREE OR MORE MONTHLY PAYMENTS: 43
1,455,197.82
FORECLOSURES
NUMBER OF LOANS
0
AGGREGATE PRINCIPAL BALANCE
0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
135,902,554.86
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
4,406
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS
0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
0.00
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
4,118,700.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 0.00000000 %
4.00454590 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.84006010 %
4.15993990 %
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:
68.51060506
.................................................................
...............
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS3 (ISSUER)
RFMSII SERIES 1996-HS3
PAYMENT DATE: 01/20/98
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL
INTEREST
CUSIP BEGINNING DISTRIBUTION
DISTRIBUTION
BALANCE FACTOR
FACTOR
PASS-THROUGH ACCEL PRIN
ENDING BALANCE
RATE FACTOR
FACTOR
TERM NOTES 247,244,000.00 6,947,426.44
872,348.57
43707QAC2 175,264,490.31 28.099474
3.528290
6.17875 0.00
168,317,063.87
0.000000
680.773098
VARIABLE FUNDING NOTES 0.00 0.00
0.00
0.00 0.000000
0.000000
6.17875 0.00
0.00
0.000000
0.000000
CERTIFICATES 21,499,396.00 604,121.73
78,188.72
43707QAD0 15,240,332.17 28.099475
3.636787
6.36875 0.00
14,636,210.44
0.000000
680.773099
VARIABLE FUNDING CERT 0.00 0.00
0.00
0.00 0.000000
0.000000
6.36875 0.00
0.00
0.000000
0.000000
- -----------------------------------------------------------------
- ------------
268,743,396.00 7,551,548.17
950,537.29
190,504,822.48 0.00
182,953,274.31
=================================================================
============
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,751,943.42
SECURITY PRINCIPAL COLLECTIONS: 7,551,527.03
AGGREGATE SECURITY COLLECTIONS: 9,303,470.45
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 00,000,000.00 10.3624
GOAL LINE LOANS: 0.00 0.0000
TOTAL LOANS: 188,328,142.23 10.3624
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE
LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 21.14 PERCENTAGE OF POOL
BALANCE:
DISTRIBUTION TO
0.177 %
RESIDUAL OWNERSHIP
INTEREST: 771,221.72
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/15/98
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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: 01/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING
ENDING
LOSS AMOUNT UNPAID
SECURITY
INTEREST
PERCENTAGE
TERM NOTES 0.00 0.00
92.00002815
VARIABLE FUNDING NOTES 0.00 0.00
0.00000000
CERTIFICATES 0.00 0.00
7.99997185
VARIABLE FUNDING CERT 0.00 0.00
0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS
DELINQUENT 112
CURRENT AMOUNT: 5,374,867.92
3,073,405.00
TARGET AMOUNT: 5,374,867.92
60 - 89 DAYS
DELINQUENT 30
1,172,498.15
CREDIT ENHANCEMENT
90 - 179 DAYS
DELINQUENT 44
1,397,708.23
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE
DELINQUENT 14
YET REIMBURSED: 0.00
167,078.46
REO LOANS
0
ADDITIONAL BALANCES
0.00
CURRENT PERIOD: 2,001,237.82
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: 01/14/98
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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: 01/20/98
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL
INTEREST
CUSIP BEGINNING DISTRIBUTION
DISTRIBUTION
BALANCE FACTOR
FACTOR
PASS-THROUGH ACCEL PRIN
ENDING BALANCE
RATE FACTOR
FACTOR
TERM NOTES 116,693,900.00 2,626,751.91
454,569.47
43707QAE8 91,923,133.85 22.509762
3.895400
6.13875 0.00
89,296,381.94
0.000000
765.218936
VARIABLE FUNDING NOTES 0.00 0.00
0.00
0.00 0.000000
0.000000
6.13875 0.00
0.00
0.000000
0.000000
CERTIFICATES 10,147,353.78 228,414.51
41,009.00
43707QAF5 7,993,361.77 22.509761
4.041349
6.36875 0.00
7,764,947.26
0.000000
765.218936
VARIABLE FUNDING CERT 0.00 0.00
0.00
0.00 0.000000
0.000000
6.36875 0.00
0.00
0.000000
0.000000
- -----------------------------------------------------------------
- ------------
126,841,253.78 2,855,166.42
495,578.47
99,916,495.62 0.00
97,061,329.20
=================================================================
============
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 845,710.78
SECURITY PRINCIPAL COLLECTIONS: 2,844,689.30
AGGREGATE SECURITY COLLECTIONS: 3,690,400.08
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
99,281,051.14 9.8444
TOTAL LOANS: 99,281,051.14 9.7095
AGGREGATE LIQUIDATION CUMULATIVE
LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 10,477.12 PERCENTAGE OF POOL
BALANCE:
DISTRIBUTION TO
0.017 %
RESIDUAL OWNERSHIP
INTEREST: 329,247.22
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/14/98
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14:32:00
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING
ENDING
LOSS AMOUNT UNPAID
SECURITY
INTEREST
PERCENTAGE
TERM NOTES 0.00 0.00
91.99995784
VARIABLE FUNDING NOTES 0.00 0.00
0.00000000
CERTIFICATES 0.00 0.00
8.00004216
VARIABLE FUNDING CERT 0.00 0.00
0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS
DELINQUENT 43
CURRENT AMOUNT: 2,219,721.94
1,207,085.88
TARGET AMOUNT: 2,219,721.94
60 - 89 DAYS
DELINQUENT 10
267,633.81
CREDIT ENHANCEMENT
90 - 179 DAYS
DELINQUENT 5
308,748.18
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE
DELINQUENT 17
YET REIMBURSED: 0.00
388,052.81
REO LOANS
0
ADDITIONAL BALANCES
0.00
CURRENT PERIOD: 1,624,901.42
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: 01/15/98
REPT1HC.FRG
13:30:12
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RFMSII SERIES 1997-HS2
PAYMENT DATE: 01/20/98
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL
INTEREST
CUSIP BEGINNING DISTRIBUTION
DISTRIBUTION
BALANCE FACTOR
FACTOR
PASS-THROUGH ACCEL PRIN
ENDING BALANCE
RATE FACTOR
FACTOR
TERM NOTES 300,402,933.00 8,763,633.76
1,188,534.17
76110VAP3 240,934,350.30 29.172930
3.956467
6.12375 0.00
232,170,716.54
0.000000
772.864347
VARIABLE FUNDING NOTES 0.00 0.00
0.00
0.00 0.000000
0.000000
6.12375 0.00
0.00
0.000000
0.000000
CERTIFICATES 0.00 0.00
939,396.05
0.00 0.000000
0000.000000
0.00000 0.00
0.00
0.000000
0.000000
- -----------------------------------------------------------------
- ------------
300,402,933.00 8,763,633.76
2,127,930.22
240,934,350.30 0.00
232,170,716.54
=================================================================
============
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,212,221.41
SECURITY PRINCIPAL COLLECTIONS: 8,707,451.58
AGGREGATE SECURITY COLLECTIONS: 0,000,000.00
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 000,000,000.00 10.4749
GOAL LINE LOANS: 99,999,999.99 99.9999
TOTAL LOANS: 236,676,760.54 10.4749
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE
LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 56,182.18 PERCENTAGE OF POOL
BALANCE:
DISTRIBUTION TO
0.042 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/15/98
REPT2H.FRM
13:31:43
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING
ENDING
LOSS AMOUNT UNPAID
SECURITY
INTEREST
PERCENTAGE
TERM NOTES 0.00 0.00
00.00000000
VARIABLE FUNDING NOTES 0.00 0.00
0.00000000
CERTIFICATES 0.00 0.00
0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS
DELINQUENT 88
CURRENT AMOUNT: 4,506,044.00
2,835,695.56
TARGET AMOUNT: 4,506,044.00
60 - 89 DAYS
DELINQUENT 16
775,978.33
CREDIT ENHANCEMENT
90 - 179 DAYS
DELINQUENT 33
1,344,545.92
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE
DELINQUENT 39
YET REIMBURSED: 0.00
1,525,175.24
REO LOANS
0
ADDITIONAL BALANCES
0.00
CURRENT PERIOD: 3,185,103.86
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: 01/16/98
REPT1HC.FRG
14:16:08
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RFMSII SERIES 1997-HI3
PAYMENT DATE: 01/26/98
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL
INTEREST
CUSIP BEGINNING DISTRIBUTION
DISTRIBUTION
BALANCE FACTOR
FACTOR
PASS-THROUGH ACCEL PRIN
ENDING BALANCE
RATE FACTOR
FACTOR
A-PV NOTES 100,000,000.00 1,083,558.51
562,066.87
437184AJ3 93,938,752.03 10.835585
5.620669
7.18000 184,654.17
92,670,539.35
1.846542
926.705393
A-PB NOTES 122,765,141.00 1,330,232.13
690,022.18
437184AH7 115,324,041.77 10.835585
5.620669
7.18000 226,690.96
113,767,118.68
1.846542
926.705397
CERTIFICATES 8,079,564.43 0.00
0.00
12,900,455.33 0.000000
0.000000
0.00000 0.00
13,311,800.46
0.000000
1596.677079
- -----------------------------------------------------------------
- ------------
230,844,705.43 2,413,790.64
1,252,089.05
222,163,249.13 411,345.13
219,749,458.49
=================================================================
============
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,283,352.14
SECURITY PRINCIPAL COLLECTIONS: 1,839,867.01
AGGREGATE SECURITY COLLECTIONS: 4,123,219.15
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 99,999,999.99 99.9999
GOAL LINE LOANS: 00,000,000.00 12.8478
TOTAL LOANS: 219,749,458.49 12.8478
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE
LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 573,923.63 PERCENTAGE OF POOL
BALANCE:
DISTRIBUTION TO
0.600 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/16/98
REPT2H.FRM
14:16:45
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/26/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING
ENDING
LOSS AMOUNT UNPAID
SECURITY
INTEREST
PERCENTAGE
A-PV NOTES 0.00 0.00
42.17099782
A-PB NOTES 0.00 0.00
51.77128511
CERTIFICATES 0.00 0.00
6.05771707
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS
DELINQUENT 94
CURRENT AMOUNT: 13,311,800.46
2,937,484.70
TARGET AMOUNT: 20,776,023.49
60 - 89 DAYS
DELINQUENT 31
1,098,675.63
CREDIT ENHANCEMENT
90 - 179 DAYS
DELINQUENT 65
2,146,975.92
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: 01/14/98
REPT1HE.FRG
14:52:13
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: 01/20/98
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL
INTEREST
CUSIP BEGINNING DISTRIBUTION
DISTRIBUTION
BALANCE FACTOR
FACTOR
PASS-THROUGH ACCEL PRIN
ENDING BALANCE
RATE FACTOR
FACTOR
TERM NOTES 194,000,000.00 3,295,205.09
883,450.64
43707QAG3 178,361,024.72 16.985593
4.553869
6.14875 531,609.89
174,534,209.74
2.740257
899.660875
VARIABLE FUNDING NOTES 0.00 0.00
0.00
0.00 0.000000
0.000000
6.14875 0.00
0.00
0.000000
0.000000
CERTIFICATES 62,173.00 0.00
0.00
2,257,245.26 0.000000
0.000000
0.00000 0.00
2,788,855.15
0.000000
899.660875
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 3,295,205.09
883,450.64
180,618,269.98 531,609.89
177,323,064.89
=================================================================
============
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,433,122.36
SECURITY PRINCIPAL COLLECTIONS: 3,295,205.09
AGGREGATE SECURITY COLLECTIONS: 4,728,327.45
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
00,000,000.00 9.4760
TOTAL LOANS: 177,323,064.89 9.3462
AGGREGATE LIQUIDATION CUMULATIVE
LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 0.00 PERCENTAGE OF POOL
BALANCE:
DISTRIBUTION TO
0.000 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/14/98
REPT2H.FRM
14:53:09
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-GMACM4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING
ENDING
LOSS AMOUNT UNPAID
SECURITY
INTEREST
PERCENTAGE
TERM NOTES 0.00 0.00
98.42724625
VARIABLE FUNDING NOTES 0.00 0.00
0.00000000
CERTIFICATES 0.00 0.00
1.57275375
VARIABLE FUNDING CERT 0.00 0.00
0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS
DELINQUENT 85
CURRENT AMOUNT: 2,788,855.15
2,582,869.15
TARGET AMOUNT: 3,396,088.03
60 - 89 DAYS
DELINQUENT 13
332,998.07
CREDIT ENHANCEMENT
90 - 179 DAYS
DELINQUENT 3
75,157.96
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE
DELINQUENT 8
YET REIMBURSED: 0.00
160,352.91
REO LOANS
0
ADDITIONAL BALANCES
0.00
CURRENT PERIOD: 2,985,550.80
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: 01/14/98
REPT1HC.FRG
16:37:25
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RFMSII SERIES 1997-HS5
PAYMENT DATE: 01/25/98
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL
INTEREST
CUSIP BEGINNING DISTRIBUTION
DISTRIBUTION
BALANCE FACTOR
FACTOR
PASS-THROUGH ACCEL PRIN
ENDING BALANCE
RATE FACTOR
FACTOR
A-1 Certificates 43,000,000.00 5,026,999.73
195,109.87
76110VAQ1 34,030,791.93 116.906970
4.537439
6.88000 0.00
29,003,792.20
0.000000
674.506795
A-2 Certificates 16,800,000.00 0.00
91,840.00
76110VAR9 16,800,000.00 0.000000
5.466667
6.56000 0.00
16,800,000.00
0.000000
1000.000000
A-3 Certificates 55,800,000.00 0.00
302,715.00
76110VAS7 55,800,000.00 0.000000
5.425000
6.51000 0.00
55,800,000.00
0.000000
1000.000000
A-4 Certificates 10,600,000.00 0.00
57,416.67
76110VAT5 10,600,000.00 0.000000
5.416667
6.50000 0.00
10,600,000.00
0.000000
1000.000000
A-5 Certificates 18,100,000.00 0.00
100,605.83
76110VAU2 18,100,000.00 0.000000
5.558333
6.67000 0.00
18,100,000.00
0.000000
1000.000000
A-6 Certificates 8,300,000.00 0.00
46,756.67
76110VAV0 8,300,000.00 0.000000
5.633334
6.76000 0.00
8,300,000.00
0.000000
1000.000000
A-7 Certificates 18,778,000.00 0.00
109,538.33
76110VAW8 18,778,000.00 0.000000
5.833333
7.00000 0.00
18,778,000.00
0.000000
1000.000000
A-L1 Certificates 20,288,000.00 0.00
113,781.87
76110VAX6 20,288,000.00 0.000000
5.608333
6.73000 0.00
20,288,000.00
0.000000
1000.000000
A-L2 Certificates 1,220,000.00 0.00
6,994.67
76110VAY4 1,220,000.00 0.000000
5.733336
6.88000 0.00
1,220,000.00
0.000000
1000.000000
IO Certificates 0.00 0.00
135,253.33
76110VAZ1 0.00 0.000000
0000.000000
8.00000 0.00
0.00
0.000000
0.000000
M-1 Certificates 19,518,000.00 0.00
114,017.65
76110VBA5 19,518,000.00 0.000000
5.841667
7.01000 0.00
19,518,000.00
0.000000
1000.000000
M-2 Certificates 9,185,000.00 0.00
54,880.38
76110VBB3 9,185,000.00 0.000000
5.975001
7.17000 0.00
9,185,000.00
0.000000
1000.000000
B-1 Certificates 8,037,000.00 0.00
50,231.25
76110VBC1 8,037,000.00 0.000000
6.250000
7.50000 0.00
8,037,000.00
0.000000
1000.000000
R-I Certificates 573.80 0.00
0.00
1,285,791.37 0.000000
0.000000
0.00000 0.00
2,003,706.73
0.000000
0000.000000
R-II Certificates 0.00 0.00
0.00
0.00 0.000000
0.000000
0.00000 0.00
0.00
0.000000
0.000000
- -----------------------------------------------------------------
- ------------
229,626,573.80 5,026,999.73
1,379,141.52
221,942,583.30 0.00
217,633,498.93
=================================================================
============
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,097,056.87
SECURITY PRINCIPAL COLLECTIONS: 4,309,084.37
AGGREGATE SECURITY COLLECTIONS: 6,406,141.24
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 00,000,000.00 11.2328
GOAL LINE LOANS: 99,999,999.99 99.9999
TOTAL LOANS: 217,633,498.93 11.0790
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: 01/14/98
REPT2H.FRM
16:38:39
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/25/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING
ENDING
LOSS AMOUNT UNPAID
SECURITY
INTEREST
PERCENTAGE
A-1 Certificates 0.00 0.00
13.32689698
A-2 Certificates 0.00 0.00
7.71939985
A-3 Certificates 0.00 0.00
25.63943523
A-4 Certificates 0.00 0.00
4.87057372
A-5 Certificates 0.00 0.00
8.31673437
A-6 Certificates 0.00 0.00
3.81375112
A-7 Certificates 0.00 0.00
8.62826729
A-L1 Certificates 0.00 0.00
9.32209430
A-L2 Certificates 0.00 0.00
0.56057547
IO Certificates 0.00 0.00
0.00000000
M-1 Certificates 0.00 0.00
8.96828847
M-2 Certificates 0.00 0.00
4.22039808
B-1 Certificates 0.00 0.00
3.69290575
R-I Certificates 0.00 0.00
0.92067937
R-II Certificates 0.00 0.00
0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS
DELINQUENT 94
CURRENT AMOUNT: 2,003,706.73
2,971,570.75
TARGET AMOUNT: 4,592,531.00
60 - 89 DAYS
DELINQUENT 6
183,716.96
CREDIT ENHANCEMENT
90 - 179 DAYS
DELINQUENT 5
129,977.84
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
.................................................................
...............
