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)
April 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
<PAGE>
See the respective monthly reports, each reflecting the required information for
the April 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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09:22:07
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
SERIES 1995-1
PAYMENT DATE: 04/20/98
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 1,880,818.29 359,739.92
525180AF2 69,818,033.68 14.684944 2.808757
5.98359 0.00 67,937,215.39
0.000000 530.436261
CERTIFICATES 6,740,000.00 98,976.52 19,405.59
525180AG0 3,674,116.95 14.684944 2.879168
6.13359 0.00 3,575,140.43
0.000000 530.436266
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.98359 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
134,818,000.00 1,979,794.81 379,145.51
73,492,150.63 0.00 71,512,355.82
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 632,875.04
SECURITY PRINCIPAL COLLECTIONS: 1,796,838.98
AGGREGATE SECURITY COLLECTIONS: 2,429,714.02
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
FIDELITY LOANS: 21,197,363.86 9.8569
GMACMC LOANS: 23,233,057.93 9.5284
GOAL LINE LOANS: 29,104,213.00 10.1620
TOTAL LOANS: 73,534,634.79 9.8779
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 182,955.83 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 3.606 %
RESIDUAL OWNERSHIP
INTEREST: 63,886.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
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09:22:46
Page: 2
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1
PAYMENT DATE: 04/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 95.00066752
CERTIFICATES 0.00 0.00 4.99933248
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 31
CURRENT AMOUNT: 2,022,278.97 1,012,291.65
TARGET AMOUNT: 2,022,278.97
60 - 89 DAYS DELINQUENT 10
273,721.42
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 16
201,254.53
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 38
YET REIMBURSED: 0.00 1,579,165.78
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,086,217.14
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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14:18:22
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS1 (ISSUER)
RFMSII SERIES 1996-HS1
PAYMENT DATE: 04/20/98
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 3,994,570.75 513,039.85
76110VAA6 100,748,987.93 24.646130 3.165408
5.91359 0.00 96,754,417.18
0.000000 596.965746
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.91359 0.00 0.00
0.000000 0.000000
CERTIFICATES 14,092,938.00 347,336.37 45,515.13
76110VAB4 8,760,337.60 24.646129 3.229641
6.03359 0.00 8,413,001.23
0.000000 596.965745
VARIABLE FUNDING CERT 0.00 0.00 0.00
76110VAB4 0.00 0.000000 0.000000
6.03359 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
176,169,938.00 4,341,907.12 558,554.98
109,509,325.53 0.00 105,167,418.41
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 961,967.36
SECURITY PRINCIPAL COLLECTIONS: 4,265,605.02
AGGREGATE SECURITY COLLECTIONS: 5,227,572.38
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 107,810,006.23 10.3505
GOAL LINE LOANS: 0.00 0.0000
TOTAL LOANS: 107,810,006.23 10.3505
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 76,302.10 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 1.775 %
RESIDUAL OWNERSHIP
INTEREST: 311,589.16
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
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14:19:03
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: 04/20/98
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 78
CURRENT AMOUNT: 2,642,587.82 2,166,974.82
TARGET AMOUNT: 2,642,561.52
60 - 89 DAYS DELINQUENT 22
470,384.82
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 30
879,872.69
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 41
YET REIMBURSED: 0.00 1,399,930.44
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,277,599.35
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 9,753,453.14 6.950000 % 7,714,478.78
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
- -------------------------------------------------------------------------------
198,367,179.00 124,774,096.75 7,714,478.78
===============================================================================
_______________________________________________________________________________
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 56,488.75 7,770,967.53 0.00 0.00 2,038,974.36
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 52,508.67 52,508.67 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 129,510.76 129,510.76 0.00 0.00 5,653,464.61
- -------------------------------------------------------------------------------
921,948.53 8,636,427.31 0.00 0.00 117,059,617.97
===============================================================================
_______________________________________________________________________________
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-2 650.230209 514.298585 3.765917 518.064502 0.000000 135.931624
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-April-98
DISTRIBUTION DATE 27-April-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 54,503.52
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,720.78
SUBSERVICER ADVANCES THIS MONTH 0.00
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 129 3,953,950.67
(B) TWO MONTHLY PAYMENTS: 11 332,154.15
(C) THREE OR MORE MONTHLY PAYMENTS: 33 961,081.13
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 117,059,617.97
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,883
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 6,349,110.53
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 0.00000000 % 4.53096020 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.17043990 % 4.82956010 %
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: 59.01158564
................................................................................
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13:34:35
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS3 (ISSUER)
RFMSII SERIES 1996-HS3
PAYMENT DATE: 04/20/98
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 9,030,488.75 784,756.69
43707QAC2 154,630,769.04 36.524602 3.174017
5.89359 0.00 145,600,280.29
0.000000 588.893078
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.89359 0.00 0.00
0.000000 0.000000
CERTIFICATES 21,499,396.00 785,256.89 70,439.38
43707QAD0 13,446,102.40 36.524602 3.276342
6.08359 0.00 12,660,845.51
0.000000 588.893079
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
6.08359 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
268,743,396.00 9,815,745.64 855,196.07
168,076,871.44 0.00 158,261,125.80
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,571,926.33
SECURITY PRINCIPAL COLLECTIONS: 9,780,342.81
AGGREGATE SECURITY COLLECTIONS: 11,352,269.13
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: 163,635,993.72 10.3718
GOAL LINE LOANS: 0.00 0.0000
TOTAL LOANS: 163,635,993.72 10.3718
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 35,395.53 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.281 %
RESIDUAL OWNERSHIP
INTEREST: 654,586.20
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
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13:35:12
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: 04/20/98
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 104
CURRENT AMOUNT: 5,374,867.92 2,439,421.50
TARGET AMOUNT: 5,374,867.92
60 - 89 DAYS DELINQUENT 23
743,029.01
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 40
1,298,637.17
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 14
YET REIMBURSED: 0.00 213,089.64
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,769,886.03
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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09:32:41
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: 04/20/98
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 3,627,412.72 423,403.51
43707QAE8 83,998,776.25 31.084853 3.628326
5.85359 0.00 80,371,363.53
0.000000 688.736631
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.85359 0.00 0.00
0.000000 0.000000
CERTIFICATES 10,147,353.78 315,429.00 38,264.56
43707QAF5 7,304,283.25 31.084853 3.770891
6.08359 0.00 6,988,854.25
0.000000 688.736630
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
6.08359 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
126,841,253.78 3,942,841.72 461,668.07
91,303,059.50 0.00 87,360,217.78
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 746,832.25
SECURITY PRINCIPAL COLLECTIONS: 3,888,357.27
AGGREGATE SECURITY COLLECTIONS: 4,635,189.52
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
89,579,939.72 9.8351
TOTAL LOANS: 89,579,939.72 9.7004
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 54,484.45 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.080 %
RESIDUAL OWNERSHIP
INTEREST: 221,168.99
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 04/14/98 REPT2H.FRM
09:33:19
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 04/20/98
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 290
CURRENT AMOUNT: 2,219,721.94 884,110.59
TARGET AMOUNT: 2,219,721.94
60 - 89 DAYS DELINQUENT 50
112,620.64
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 20
62,021.17
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 140
YET REIMBURSED: 0.00 343,001.19
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,268,947.33
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
Run: 04/21/98 REPT1HC.FRG
13:42:25
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RFMSII SERIES 1997-HI1
PAYMENT DATE: 04/27/98
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 2,397,981.22 90,439.18
437184AA2 16,125,857.05 56.093128 2.115536
6.73000 132,234.75 13,595,641.08
3.093211 318.026692
A-2 NOTES 7,250,000.00 0.00 40,237.50
437184AB0 7,250,000.00 0.000000 5.550000
6.66000 0.00 7,250,000.00
0.000000 1000.000000
A-3 NOTES 26,500,000.00 0.00 148,841.67
437184AC8 26,500,000.00 0.000000 5.616667
6.74000 0.00 26,500,000.00
0.000000 1000.000000
A-4 NOTES 26,100,000.00 0.00 151,380.00
437184AD6 26,100,000.00 0.000000 5.800000
6.96000 0.00 26,100,000.00
0.000000 1000.000000
A-5 NOTES 9,450,000.00 0.00 57,093.75
437184AE4 9,450,000.00 0.000000 6.041667
7.25000 0.00 9,450,000.00
0.000000 1000.000000
A-6 NOTES 25,000,000.00 0.00 156,041.67
437184AF1 25,000,000.00 0.000000 6.241667
7.49000 0.00 25,000,000.00
0.000000 1000.000000
A-7 NOTES 12,268,000.00 0.00 79,639.77
437184AG9 12,268,000.00 0.000000 6.491667
7.79000 0.00 12,268,000.00
0.000000 1000.000000
CERTIFICATES 5,416,428.36 0.00 0.00
11,906,929.75 0.000000 0.000000
0.00000 0.00 12,039,164.50
0.000000 2198.299130
- -----------------------------------------------------------------------------
154,734,428.36 2,397,981.22 723,673.54
134,600,786.80 132,234.75 132,202,805.58
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,429,574.09
SECURITY PRINCIPAL COLLECTIONS: 1,886,433.41
AGGREGATE SECURITY COLLECTIONS: 3,316,007.50
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 132,202,805.58 13.0697
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 511,547.81 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 3.312 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 04/21/98 REPT2H.FRM
13:43:03
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 04/27/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
A-1 NOTES 0.00 0.00 10.28392780
A-2 NOTES 0.00 0.00 5.48399859
A-3 NOTES 0.00 0.00 20.04496038
A-4 NOTES 0.00 0.00 19.74239494
A-5 NOTES 0.00 0.00 7.14810851
A-6 NOTES 0.00 0.00 18.91033998
A-7 NOTES 0.00 0.00 9.27968204
CERTIFICATES 0.00 0.00 9.10658775
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 45
CURRENT AMOUNT: 12,039,164.50 1,601,837.79
TARGET AMOUNT: 13,926,098.55
60 - 89 DAYS DELINQUENT 20
686,030.67
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 82
2,711,694.92
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: 04/17/98 REPT1HC.FRG
12:47:01
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RFMSII SERIES 1997-HS2
PAYMENT DATE: 04/20/98
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 12,237,223.77 1,080,697.55
76110VAP3 214,949,775.82 40.736033 3.597493
5.83859 0.00 202,712,552.05
0.000000 674.802173
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.83859 0.00 0.00
0.000000 0.000000
CERTIFICATES 0.00 0.00 754,540.97
0.00 0.000000 0.000000
0.00000 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
300,402,933.00 12,237,223.77 1,835,238.52
214,949,775.82 0.00 202,712,552.05
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,881,608.37
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 207,218,886.82 10.4721
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 21,138.73 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.281 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 04/17/98 REPT2H.FRM
12:47:51
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 04/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 100.00000000
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 83
CURRENT AMOUNT: 4,506,334.77 2,371,146.32
TARGET AMOUNT: 4,506,044.00
60 - 89 DAYS DELINQUENT 20
596,457.93
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 32
1,163,199.90
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 47
YET REIMBURSED: 0.00 1,690,138.82
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 2,021,469.94
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: 04/22/98 REPT1HC.FRG
09:30:22
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RFMSII SERIES 1997-HI3
PAYMENT DATE: 04/27/98
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 1,615,281.54 541,066.06
437184AJ3 90,428,867.99 16.152815 5.410661
7.18000 134,482.52 88,679,103.93
1.344825 886.791039
A-PB NOTES 122,765,141.00 1,983,002.67 664,240.51
437184AH7 111,015,127.68 16.152815 5.410661
7.18000 165,097.66 108,867,027.35
1.344825 886.791042
CERTIFICATES 8,079,564.43 0.00 0.00
14,037,885.59 0.000000 0.000000
0.00000 0.00 14,337,465.77
0.000000 1737.455739
- -----------------------------------------------------------------------------
230,844,705.43 3,598,284.21 1,205,306.57
215,481,881.26 299,580.18 211,883,597.05
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,278,558.79
SECURITY PRINCIPAL COLLECTIONS: 2,871,615.78
AGGREGATE SECURITY COLLECTIONS: 5,150,174.57
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 211,883,597.05 12.8411
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 726,668.43 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 1.531 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 04/22/98 REPT2H.FRM
09:31:05
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 04/27/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
A-PV NOTES 0.00 0.00 41.85274611
A-PB NOTES 0.00 0.00 51.38058295
CERTIFICATES 0.00 0.00 6.76667093
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 58
CURRENT AMOUNT: 14,337,465.77 1,951,417.11
TARGET AMOUNT: 20,776,023.49
60 - 89 DAYS DELINQUENT 35
1,355,887.64
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 81
2,980,391.59
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: 04/14/98 REPT1HE.FRG
14:32:42
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: 04/20/98
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 6,314,441.65 838,938.43
43707QAG3 166,152,659.93 32.548668 4.324425
5.86359 0.00 159,838,218.28
0.000000 823.908342
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.86359 0.00 0.00
0.000000 0.000000
CERTIFICATES 62,173.00 0.00 429,145.53
3,396,088.03 0.000000 6902.442057
0.00000 0.00 3,396,088.03
0.000000 823.908342
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 6,314,441.65 1,268,083.96
169,548,747.96 0.00 163,234,306.31
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,303,038.83
SECURITY PRINCIPAL COLLECTIONS: 6,296,441.65
AGGREGATE SECURITY COLLECTIONS: 7,599,480.48
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 163,234,306.31 9.3417
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 18,000.00 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.011 %
RESIDUAL OWNERSHIP
INTEREST: 429,145.53
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 04/14/98 REPT2H.FRM
14:33:15
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-GMACM4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 04/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 97.91950105
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 2.08049895
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 53
CURRENT AMOUNT: 3,396,088.03 1,540,486.44
TARGET AMOUNT: 3,396,088.03
60 - 89 DAYS DELINQUENT 16
782,761.60
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 3
75,215.14
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 10
YET REIMBURSED: 0.00 268,386.88
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 2,255,667.70
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: 04/17/98 REPT1HC.FRG
12:49:46
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RFMSII SERIES 1997-HS5
PAYMENT DATE: 04/27/98
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 10,132,931.50 95,965.86
76110VAQ1 16,738,232.20 235.649570 2.231764
6.88000 0.00 6,605,300.70
0.000000 153.611644
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 0.000000
8.00000 0.00 0.00
0.000000 0.000000
M-1 Certificates 19,518,000.00 0.00 114,018.11
76110VBA5 19,518,000.00 0.000000 5.841690
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
3,241,159.72 0.000000 0.000000
0.00000 0.00 3,854,747.41
0.000000 0.000000
- -----------------------------------------------------------------------------
229,626,573.80 10,132,931.50 1,279,997.97
206,605,391.92 0.00 197,086,048.11
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,023,563.50
SECURITY PRINCIPAL COLLECTIONS: 9,389,365.97
AGGREGATE SECURITY COLLECTIONS: 11,412,929.47
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 197,086,048.11 11.0650
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: 04/17/98 REPT2H.FRM
12:51:15
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 04/27/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
A-1 Certificates 0.00 0.00 3.35148062
A-2 Certificates 0.00 0.00 8.52419548
A-3 Certificates 0.00 0.00 28.31250641
A-4 Certificates 0.00 0.00 5.37836143
A-5 Certificates 0.00 0.00 9.18380584
A-6 Certificates 0.00 0.00 4.21135848
A-7 Certificates 0.00 0.00 9.52781802
A-L1 Certificates 0.00 0.00 10.29398082
A-L2 Certificates 0.00 0.00 0.61901896
IO Certificates 0.00 0.00 0.00000000
M-1 Certificates 0.00 0.00 9.90328853
M-2 Certificates 0.00 0.00 4.66040092
B-1 Certificates 0.00 0.00 4.07791423
R-I Certificates 0.00 0.00 0.00000000
R-II Certificates 0.00 0.00 1.95587026
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 86
CURRENT AMOUNT: 3,854,747.41 2,799,319.72
TARGET AMOUNT: 4,592,531.00
60 - 89 DAYS DELINQUENT 4
143,994.44
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 6
241,862.05
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: 04/13/98 REPT1HC.FRG
11:58:51
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1998-HS1 (ISSUER)
RFMSII SERIES 1998-HS1
PAYMENT DATE: 04/20/98
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 16,987,419.39 2,453,450.36
76110VBD9 485,908,489.02 32.801908 4.737497
5.86359 1,321,082.84 467,599,986.79
2.550949 902.913589
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.86359 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 16,987,419.39 2,453,450.36
485,908,489.02 1,321,082.84 467,599,986.79
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 3,827,173.29
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 465,141,048.14 9.7762
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: 04/13/98 REPT2H.FRM
11:59:52
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1998-HS1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 04/20/98
ADDITIONAL INFORMATION
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
TERM NOTES 0.00 0.00 100.00000000
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: -2,458,938.65 3,066,474.74
TARGET AMOUNT: 7,653,394.35
60 - 89 DAYS DELINQUENT 10
223,635.05
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 8
319,594.57
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: 7,663,768.70
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 April 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: April 25, 1998
<PAGE>