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)
March 25, 1998
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
(Exact name of the registrant
as specified in its charter)
33-92096, 33-80419
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
<PAGE>
See the respective monthly reports, each reflecting the required information for
the March 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 1997-WH14GR1RFM2
1997-WH1LGR2RFM2 1997NWH9 RFM2 1997-WH14GR2RFM2 1997WH16 RFM2 1998-HS1 RFM2
Item 7. Financial Statements and Exhibits (a) See attached monthly reports.
.
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15:10:20
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
SERIES 1995-1
PAYMENT DATE: 03/20/98
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 2,881,985.34 335,025.92
525180AF2 72,700,019.02 22.501798 2.615796
5.92500 0.00 69,818,033.68
0.000000 545.121205
CERTIFICATES 6,740,000.00 151,662.12 18,076.81
525180AG0 3,825,779.07 22.501798 2.682019
6.07500 0.00 3,674,116.95
0.000000 545.121209
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.92500 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
134,818,000.00 3,033,647.46 353,102.73
76,525,798.09 0.00 73,492,150.63
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 671,578.74
SECURITY PRINCIPAL COLLECTIONS: 3,033,647.46
AGGREGATE SECURITY COLLECTIONS: 3,705,226.20
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
FIDELITY LOANS: 21,486,020.78 9.8617
GMACMC LOANS: 23,513,289.71 9.5254
GOAL LINE LOANS: 30,515,119.11 10.1611
TOTAL LOANS: 75,514,429.60 9.8781
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 3.269 %
RESIDUAL OWNERSHIP
INTEREST: 310,250.12
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
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15:11:06
Page: 2
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1
PAYMENT DATE: 03/20/98
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 39
CURRENT AMOUNT: 2,022,278.97 1,319,303.81
TARGET AMOUNT: 2,022,278.97
60 - 89 DAYS DELINQUENT 16
372,882.61
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 19
470,601.91
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 38
YET REIMBURSED: 0.00 1,707,662.51
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 627,129.73
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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17:14:52
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS1 (ISSUER)
RFMSII SERIES 1996-HS1
PAYMENT DATE: 03/20/98
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 3,588,664.30 475,142.08
76110VAA6 104,337,652.23 22.141725 2.931582
5.85500 0.00 100,748,987.93
0.000000 621.611875
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.85500 0.00 0.00
0.000000 0.000000
CERTIFICATES 14,092,938.00 312,041.95 42,161.36
76110VAB4 9,072,379.55 22.141724 2.991666
5.97500 0.00 8,760,337.60
0.000000 621.611874
VARIABLE FUNDING CERT 0.00 0.00 0.00
76110VAB4 0.00 0.000000 0.000000
5.97500 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
176,169,938.00 3,900,706.25 517,303.44
113,410,031.78 0.00 109,509,325.53
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 986,285.14
SECURITY PRINCIPAL COLLECTIONS: 3,905,670.67
AGGREGATE SECURITY COLLECTIONS: 4,891,955.81
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: **,***,***.** 10.3445
GOAL LINE LOANS: 0.00 0.0000
TOTAL LOANS: 112,151,917.00 10.3445
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: -4,783.81 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 1.638 %
RESIDUAL OWNERSHIP
INTEREST: 457,699.09
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
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17:15:29
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: 03/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 92.00037297
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 7.99962703
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 85
CURRENT AMOUNT: 2,642,591.47 2,150,374.54
TARGET AMOUNT: 2,642,561.52
60 - 89 DAYS DELINQUENT 23
644,565.37
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 33
933,993.22
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 42
YET REIMBURSED: 0.00 1,497,786.48
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 811,926.71
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 # ****)
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 74,000,000.00 573,103.66 6.950000 % 573,103.66
A-2 76110VAD0 15,000,000.00 15,000,000.00 6.950000 % 5,246,546.86
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
- -------------------------------------------------------------------------------
198,367,179.00 130,593,747.27 5,819,650.52
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 3,319.23 576,422.89 0.00 0.00 0.00
A-2 86,875.00 5,333,421.86 0.00 0.00 9,753,453.14
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 54,174.67 54,174.67 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 205,768.43 205,768.43 0.00 0.00 5,653,464.61
- -------------------------------------------------------------------------------
1,033,577.68 6,853,228.20 0.00 0.00 124,774,096.75
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 7.744644 7.744644 0.044854 7.789498 0.000000 0.000000
A-2 1000.000000 349.769791 5.791667 355.561458 0.000000 650.230209
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-March-98
DISTRIBUTION DATE 25-March-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 # ****)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 50025
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 52,571.59
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,411.52
SUBSERVICER ADVANCES THIS MONTH 0.00
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 1,226,805.46
(B) TWO MONTHLY PAYMENTS: 14 442,594.76
(C) THREE OR MORE MONTHLY PAYMENTS: 40 1,150,042.72
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 124,774,096.75
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,088
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 5,154,936.41
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 0.00000000 % 4.32904690 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.46903980 % 4.53096020 %
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: 62.90057514
................................................................................
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15:59:43
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS3 (ISSUER)
RFMSII SERIES 1996-HS3
PAYMENT DATE: 03/20/98
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 7,649,778.70 736,483.22
43707QAC2 162,280,547.74 30.940200 2.978771
5.83500 0.00 154,630,769.04
0.000000 625.417681
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.83500 0.00 0.00
0.000000 0.000000
CERTIFICATES 21,499,396.00 665,195.60 66,127.11
43707QAD0 14,111,298.00 30.940199 3.075766
6.02500 0.00 13,446,102.40
0.000000 625.417682
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
6.02500 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
268,743,396.00 8,314,974.30 802,610.33
176,391,845.74 0.00 168,076,871.44
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,592,223.10
SECURITY PRINCIPAL COLLECTIONS: 8,273,123.78
AGGREGATE SECURITY COLLECTIONS: 9,865,346.88
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: **,***,***.** 10.3680
GOAL LINE LOANS: 0.00 0.0000
TOTAL LOANS: 173,451,739.36 10.3680
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 41,850.52 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.245 %
RESIDUAL OWNERSHIP
INTEREST: 718,143.54
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
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16:00:32
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: 03/20/98
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 108
CURRENT AMOUNT: 5,374,867.92 2,741,934.77
TARGET AMOUNT: 5,374,867.92
60 - 89 DAYS DELINQUENT 26
857,884.19
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 49
1,587,368.55
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 27
YET REIMBURSED: 0.00 810,478.41
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,238,296.67
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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08:23:18
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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: 03/20/98
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 2,895,633.78 391,652.42
43707QAE8 86,894,410.03 24.813926 3.356237
5.79500 0.00 83,998,776.25
0.000000 719.821484
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.79500 0.00 0.00
0.000000 0.000000
CERTIFICATES 10,147,353.78 251,795.69 35,408.63
43707QAF5 7,556,078.94 24.813926 3.489445
6.02500 0.00 7,304,283.25
0.000000 719.821483
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
6.02500 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
126,841,253.78 3,147,429.47 427,061.05
94,450,488.97 0.00 91,303,059.50
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 795,233.75
SECURITY PRINCIPAL COLLECTIONS: 3,147,301.24
AGGREGATE SECURITY COLLECTIONS: 3,942,534.99
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
93,522,781.44 9.8409
TOTAL LOANS: 93,522,781.44 9.7061
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 128.23 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.018 %
RESIDUAL OWNERSHIP
INTEREST: 358,205.89
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 03/16/98 REPT2H.FRM
08:24:02
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 03/20/98
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 340
CURRENT AMOUNT: 2,219,721.94 852,306.45
TARGET AMOUNT: 2,219,721.94
60 - 89 DAYS DELINQUENT 90
216,647.78
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 10
19,918.14
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 170
YET REIMBURSED: 0.00 527,146.04
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,234,598.08
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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12:19:22
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RFMSII SERIES 1997-HI1
PAYMENT DATE: 03/25/98
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
A-1 NOTES 42,750,000.00 3,083,925.71 107,736.92
437184AA2 19,210,149.84 72.138613 2.520162
6.73000 0.00 16,126,224.13
0.000000 377.221617
A-2 NOTES 7,250,000.00 0.00 40,237.50
437184AB0 7,250,000.00 0.000000 5.550000
6.66000 0.00 7,250,000.00
0.000000 1000.000000
A-3 NOTES 26,500,000.00 0.00 148,841.67
437184AC8 26,500,000.00 0.000000 5.616667
6.74000 0.00 26,500,000.00
0.000000 1000.000000
A-4 NOTES 26,100,000.00 0.00 151,380.00
437184AD6 26,100,000.00 0.000000 5.800000
6.96000 0.00 26,100,000.00
0.000000 1000.000000
A-5 NOTES 9,450,000.00 0.00 57,093.75
437184AE4 9,450,000.00 0.000000 6.041667
7.25000 0.00 9,450,000.00
0.000000 1000.000000
A-6 NOTES 25,000,000.00 0.00 156,041.67
437184AF1 25,000,000.00 0.000000 6.241667
7.49000 0.00 25,000,000.00
0.000000 1000.000000
A-7 NOTES 12,268,000.00 0.00 79,639.77
437184AG9 12,268,000.00 0.000000 6.491667
7.79000 0.00 12,268,000.00
0.000000 1000.000000
CERTIFICATES 5,416,428.36 0.00 0.00
12,183,686.73 0.000000 0.000000
0.00000 0.00 11,878,825.54
0.000000 2249.394974
- -----------------------------------------------------------------------------
154,734,428.36 3,083,925.71 740,971.28
137,961,836.57 0.00 134,573,049.67
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,387,527.56
SECURITY PRINCIPAL COLLECTIONS: 2,437,369.42
AGGREGATE SECURITY COLLECTIONS: 3,824,896.98
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 99,999,999.99 99.9999
GOAL LINE LOANS: **,***,***.** 12.9731
TOTAL LOANS: 134,573,049.67 12.9731
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 944,402.94 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 2.873 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 03/20/98 REPT2H.FRM
12:20:04
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 03/25/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
A-1 NOTES 0.00 0.00 11.98324937
A-2 NOTES 0.00 0.00 5.38740856
A-3 NOTES 0.00 0.00 19.69190716
A-4 NOTES 0.00 0.00 19.39467082
A-5 NOTES 0.00 0.00 7.02220840
A-6 NOTES 0.00 0.00 18.57727090
A-7 NOTES 0.00 0.00 9.11623838
CERTIFICATES 0.00 0.00 8.82704640
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 88
CURRENT AMOUNT: 11,878,825.54 2,817,557.25
TARGET AMOUNT: 13,926,098.55
60 - 89 DAYS DELINQUENT 28
847,401.17
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 80
2,718,933.40
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: 03/17/98 REPT1HC.FRG
08:22:47
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RFMSII SERIES 1997-HS2
PAYMENT DATE: 03/20/98
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 10,054,758.90 1,011,520.39
76110VAP3 225,004,534.72 33.470908 3.367212
5.78000 0.00 214,949,775.82
0.000000 715.538206
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.78000 0.00 0.00
0.000000 0.000000
CERTIFICATES 0.00 0.00 881,168.08
0.00 0.000000 ****.******
0.00000 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
300,402,933.00 10,054,758.90 1,892,688.47
225,004,534.72 0.00 214,949,775.82
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,997,671.91
SECURITY PRINCIPAL COLLECTIONS: 9,976,025.99
AGGREGATE SECURITY COLLECTIONS: *,***,***.**
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: **,***,***.** 10.4682
GOAL LINE LOANS: 99,999,999.99 99.9999
TOTAL LOANS: 219,456,110.59 10.4682
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 78,732.91 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.256 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 03/17/98 REPT2H.FRM
08:23:46
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 03/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 **.********
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 100
CURRENT AMOUNT: 4,506,334.77 3,218,851.79
TARGET AMOUNT: 4,506,044.00
60 - 89 DAYS DELINQUENT 21
723,581.65
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 30
1,127,890.79
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 42
YET REIMBURSED: 0.00 1,453,700.32
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 2,096,506.53
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: 03/20/98 REPT1HC.FRG
13:55:54
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RFMSII SERIES 1997-HI3
PAYMENT DATE: 03/25/98
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
A-PV NOTES 100,000,000.00 1,089,802.76 548,013.28
437184AJ3 91,589,963.20 10.898028 5.480133
7.18000 71,292.45 90,428,867.99
0.712925 904.288680
A-PB NOTES 122,765,141.00 1,337,897.89 672,769.28
437184AH7 112,440,547.85 10.898028 5.480133
7.18000 87,522.28 111,015,127.68
0.712925 904.288683
CERTIFICATES 8,079,564.43 0.00 0.00
13,804,250.07 0.000000 0.000000
0.00000 0.00 14,037,885.59
0.000000 1708.538893
- -----------------------------------------------------------------------------
230,844,705.43 2,427,700.65 1,220,782.56
217,834,761.12 158,814.73 215,481,881.26
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,195,748.95
SECURITY PRINCIPAL COLLECTIONS: 1,659,156.11
AGGREGATE SECURITY COLLECTIONS: 3,854,905.06
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 99,999,999.99 99.9999
GOAL LINE LOANS: **,***,***.** 12.7926
TOTAL LOANS: 215,481,881.26 12.7926
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 768,544.54 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 1.168 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 03/20/98 REPT2H.FRM
13:56:38
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 03/25/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
A-PV NOTES 0.00 0.00 41.96588013
A-PB NOTES 0.00 0.00 51.51947209
CERTIFICATES 0.00 0.00 6.51464778
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 113
CURRENT AMOUNT: 14,037,885.59 3,807,162.94
TARGET AMOUNT: 20,776,023.49
60 - 89 DAYS DELINQUENT 35
1,279,421.24
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 81
2,891,916.43
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: 03/16/98 REPT1HE.FRG
08:25:19
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: 03/20/98
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 5,306,536.82 774,349.42
43707QAG3 171,505,961.52 27.353283 3.991492
5.80500 595,519.77 165,603,904.93
3.069690 853.628376
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.80500 0.00 0.00
0.000000 0.000000
CERTIFICATES 62,173.00 0.00 0.00
3,349,323.26 0.000000 0.000000
0.00000 0.00 3,944,843.03
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 5,306,536.82 774,349.42
174,855,284.78 595,519.77 169,548,747.96
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,387,354.72
SECURITY PRINCIPAL COLLECTIONS: 5,306,536.82
AGGREGATE SECURITY COLLECTIONS: 6,693,891.54
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
**,***,***.** 9.4776
TOTAL LOANS: 169,548,747.96 9.3478
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: 03/16/98 REPT2H.FRM
08:26:19
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-GMACM4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 03/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 97.67332813
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 2.32667187
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 77
CURRENT AMOUNT: 3,944,843.03 2,441,944.30
TARGET AMOUNT: 3,396,088.03
60 - 89 DAYS DELINQUENT 8
218,394.59
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 1
24,913.67
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 12
YET REIMBURSED: 0.00 308,709.62
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 2,511,595.75
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: 03/18/98 REPT1HC.FRG
15:37:05
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RFMSII SERIES 1997-HS5
PAYMENT DATE: 03/25/98
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 7,322,460.74 137,947.97
76110VAQ1 24,060,692.94 170.289785 3.208092
6.88000 0.00 16,738,232.20
0.000000 389.261214
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 ****.******
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 0.00 0.00 0.00
0.00 0.000000 0.000000
0.00000 0.00 0.00
0.000000 0.000000
R-II Certificates 573.80 0.00 0.00
2,683,891.75 0.000000 0.000000
0.00000 0.00 3,241,159.72
0.000000 ****.******
- -----------------------------------------------------------------------------
229,626,573.80 7,322,460.74 1,321,979.62
213,370,584.69 0.00 206,605,391.92
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,918,178.02
SECURITY PRINCIPAL COLLECTIONS: 6,726,262.33
AGGREGATE SECURITY COLLECTIONS: 8,644,440.35
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: **,***,***.** 11.2226
GOAL LINE LOANS: 99,999,999.99 99.9999
TOTAL LOANS: 206,605,391.92 11.0689
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: 03/18/98 REPT2H.FRM
15:37:56
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 03/25/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
A-1 Certificates 0.00 0.00 8.10154665
A-2 Certificates 0.00 0.00 8.13144316
A-3 Certificates 0.00 0.00 27.00800762
A-4 Certificates 0.00 0.00 5.13055342
A-5 Certificates 0.00 0.00 8.76066197
A-6 Certificates 0.00 0.00 4.01732013
A-7 Certificates 0.00 0.00 9.08882378
A-L1 Certificates 0.00 0.00 9.81968564
A-L2 Certificates 0.00 0.00 0.59049766
IO Certificates 0.00 0.00 0.00000000
M-1 Certificates 0.00 0.00 9.44699449
M-2 Certificates 0.00 0.00 4.44567294
B-1 Certificates 0.00 0.00 3.89002432
R-I Certificates 0.00 0.00 0.00000000
R-II Certificates 0.00 0.00 1.56876822
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 15
CURRENT AMOUNT: 3,241,159.72 411,369.04
TARGET AMOUNT: 4,592,531.00
60 - 89 DAYS DELINQUENT 4
145,278.91
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 7
226,560.98
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: 03/16/98 REPT1HC.FRG
18:37:09
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1998-HS1 (ISSUER)
RFMSII SERIES 1998-HS1
PAYMENT DATE: 03/20/98
DISTRIBUTION AMOUNTS
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
TERM NOTES 517,879,000.00 15,923,908.18 2,273,173.74
76110VBD9 503,471,480.71 30.748318 4.389392
5.80500 1,639,083.51 485,908,489.02
3.164993 938.266446
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.80500 0.00 0.00
0.000000 0.000000
CERTIFICATES 0.00 0.00 0.00
0.00 0.000000 0.000000
0.00000 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
517,879,000.00 15,923,908.18 2,273,173.74
503,471,480.71 1,639,083.51 485,908,489.02
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 3,967,069.39
SECURITY PRINCIPAL COLLECTIONS: *,***,***.**
AGGREGATE SECURITY COLLECTIONS: *,***,***.**
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: **,***,***.** 9.6322
GOAL LINE LOANS: 99,999,999.99 99.9999
TOTAL LOANS: 482,128,467.53 9.5003
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 269.40 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: 03/16/98 REPT2H.FRM
18:38:08
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1998-HS1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 03/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 **.********
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 95
CURRENT AMOUNT: -3,780,021.49 2,781,142.74
TARGET AMOUNT: 7,653,394.35
60 - 89 DAYS DELINQUENT 18
506,654.18
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: 7,101,245.43
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
................................................................................
<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 March 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: March 25, 1998
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