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, 1999
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
<PAGE>
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the January 1999 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1996-HS1 RFM2
1996-HS2 RFM2 1996-HS3 RFM2 1995-1 RFM2 1996-RHS4 RFM2 1997-HI1 RFM2 1997-HS2
RFM2 1997-HI3 RFM2 1997-GMACM4 RFM2 1997-HS5 RFM2 1998-HS1 RFM2 1998-HI2 RFM2
1998-HS3 RFM2 1998-RS1 RFM2 1998-RS1 RFM2 -> ->
Item 7. Financial Statements and Exhibits (a) See attached monthly reports.
.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL FUNDING MORTGAGE
SECURITIES II, INC.
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
Dated January 25, 1999
<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: January 25, 1999
<PAGE>
Run: 01/14/99 REPT1HC.FRG
12:48:54
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
SERIES 1995-1
PAYMENT DATE: 01/20/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 128,078,000.00 2,560,283.09 235,184.06
525180AF2 48,155,381.78 19.990030 1.836256
5.86063 0.00 45,595,098.69
0.000000 355.994774
CERTIFICATES 6,740,000.00 134,732.80 12,693.14
525180AG0 2,534,137.60 19.990030 1.883255
6.01063 0.00 2,399,404.80
0.000000 355.994777
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.86063 0.00 0.00
- -----------------------------------------------------------------------------
134,818,000.00 2,695,015.89 247,877.20
50,689,519.38 0.00 47,994,503.49
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 415,810.03
SECURITY PRINCIPAL COLLECTIONS: 2,566,561.67
AGGREGATE SECURITY COLLECTIONS: 2,982,371.70
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
FIDELITY LOANS: 15,606,043.93 9.3528
GMACMC LOANS: 16,009,210.96 8.8446
GOAL LINE LOANS: 18,358,478.62 9.6870
TOTAL LOANS: 49,973,733.51 9.3151
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 210,981.78 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 6.782 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/14/99 REPT2H.FRM
12:48:56
Page: 2
HOME EQUITY LOAN TRUST 1995-1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
SERIES 1995-1
PAYMENT DATE: 01/20/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 95.00066752
CERTIFICATES 0.00 0.00 4.99933248
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 31
CURRENT AMOUNT: 1,979,230.02 1,243,731.96
TARGET AMOUNT: 2,022,278.97
60 - 89 DAYS DELINQUENT 6
203,685.28
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 7
223,171.77
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 135
YET REIMBURSED: 0.00 1,223,823.61
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 954,735.99
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
Run: 01/14/99 REPT1HC.FRG
12:50:49
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS1 (ISSUER)
RFMSII SERIES 1996-HS1
PAYMENT DATE: 01/20/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 162,077,000.00 3,661,620.58 315,590.98
76110VAA6 65,400,341.76 22.591858 1.947167
5.79063 0.00 61,738,721.18
0.000000 380.922162
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.79063 0.00 0.00
CERTIFICATES 14,092,938.00 318,385.65 28,009.97
76110VAB4 5,686,698.04 22.591858 1.987518
5.91063 0.00 5,368,312.39
0.000000 380.922160
VARIABLE FUNDING CERT 0.00 0.00 0.00
76110VAB4
5.91063 0.00 0.00
- -----------------------------------------------------------------------------
176,169,938.00 3,980,006.23 343,600.95
71,087,039.80 0.00 67,107,033.57
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 602,338.91
SECURITY PRINCIPAL COLLECTIONS: 3,980,006.23
AGGREGATE SECURITY COLLECTIONS: 4,582,345.14
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 69,749,595.12 9.8200
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 4.053 %
RESIDUAL OWNERSHIP
INTEREST: 248,667.29
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/14/99 REPT2H.FRM
12:50:51
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: 01/20/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 92.00037298
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 7.99962702
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 63
CURRENT AMOUNT: 2,642,561.55 2,510,036.73
TARGET AMOUNT: 2,642,561.52
60 - 89 DAYS DELINQUENT 8
226,963.97
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 11
457,349.55
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 28
YET REIMBURSED: 0.00 511,712.60
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 835,329.05
SPECIAL HAZARD AMOUNT: 2,075,429.00
FRAUD LOSS AMOUNT: 6,840,322.00
BANKRUPTCY LOSS AMOUNT: 100,000.00
MASTER SERVICER
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
................................................................................
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Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC. (COMPANY)
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES SERIES 1996-HS2(POOL # 50025)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 50025
- -------------------------------------------------------------------------------
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
- -------------------------------------------------------------------------------
A-1 76110VAC2 74,000,000.00 0.00 6.950000 % 0.00
A-2 76110VAD0 15,000,000.00 0.00 6.950000 % 0.00
A-3 76110VAE8 41,000,000.00 0.00 7.200000 % 0.00
A-4 76110VAF5 26,500,000.00 25,503,446.71 7.550000 % 4,707,608.09
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 73,024,090.32 4,707,608.09
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 160,459.19 4,868,067.28 0.00 0.00 20,795,838.62
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 37,679.16 37,679.16 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 191,254.20 191,254.20 0.00 0.00 5,653,464.61
- -------------------------------------------------------------------------------
660,103.73 5,367,711.82 0.00 0.00 68,316,482.23
===============================================================================
- -------------------------------------------------------------------------------
AMOUNTS PER $1,000 UNIT
- -------------------------------------------------------------------------------
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
- -------------------------------------------------------------------------------
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-4 962.394215 177.645588 6.055064 183.700652 0.000000 784.748627
A-5 1000.000000 0.000000 6.541666 6.541666 0.000000 1000.000000
A-6 1000.000000 0.000000 6.625000 6.625000 0.000000 1000.000000
A-L 1000.000000 0.000000 6.333333 6.333333 0.000000 1000.000000
IO 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
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Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC. (COMPANY)
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES 1996-HS2 (POOL # 50025)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 50025
- -------------------------------------------------------------------------------
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 30,921.93
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,947.44
SUBSERVICER ADVANCES THIS MONTH 0.00
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 874,393.62
(B) TWO MONTHLY PAYMENTS: 9 198,105.67
(C) THREE OR MORE MONTHLY PAYMENTS: 10 249,350.88
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 68,316,482.23
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,420
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 0.00
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 0.00000000 % 7.74191720 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 91.72459640 % 8.27540360 %
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: 34.43940798
................................................................................
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12:52:27
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1996-HS3 (ISSUER)
RFMSII SERIES 1996-HS3
PAYMENT DATE: 01/20/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 247,244,000.00 6,709,215.03 458,790.44
43707QAC2 95,405,272.12 27.136007 1.855618
5.77063 0.00 88,696,057.09
0.000000 358.738967
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.77063 0.00 0.00
CERTIFICATES 21,499,396.00 583,407.77 41,208.21
43707QAD0 8,296,078.87 27.136007 1.916715
5.96063 0.00 7,712,671.10
0.000000 358.738966
VARIABLE FUNDING CERT 0.00 0.00 0.00
5.96063 0.00 0.00
- -----------------------------------------------------------------------------
268,743,396.00 7,292,622.80 499,998.65
103,701,350.99 0.00 96,408,728.19
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 909,718.87
SECURITY PRINCIPAL COLLECTIONS: 7,140,731.54
AGGREGATE SECURITY COLLECTIONS: 8,050,450.41
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 101,784,305.28 9.5761
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 164,930.50 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 1.164 %
RESIDUAL OWNERSHIP
INTEREST: 228,043.34
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/14/99 REPT2H.FRM
12:52:29
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: 01/20/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 92.00002817
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 7.99997183
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 98
CURRENT AMOUNT: 5,375,577.09 2,860,625.46
TARGET AMOUNT: 5,374,867.92
60 - 89 DAYS DELINQUENT 12
312,240.70
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 17
747,595.07
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 61
YET REIMBURSED: 0.00 1,222,144.46
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,026,885.14
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
................................................................................
Run: 01/15/99 REPT1HE.FRG
06:38:04
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: 01/20/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 116,693,900.00 3,228,015.04 274,878.91
43707QAE8 57,559,935.98 27.662243 2.355555
5.73063 0.00 54,331,920.94
0.000000 465.593497
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.73063 0.00 0.00
0.000000 0.000000
CERTIFICATES 10,147,353.78 280,698.57 24,861.99
43707QAF5 5,005,240.49 27.662243 2.450096
5.96063 0.00 4,724,541.92
0.000000 465.593496
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
5.96063 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
126,841,253.78 3,508,713.61 299,740.90
62,565,176.47 0.00 59,056,462.86
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 493,458.11
SECURITY PRINCIPAL COLLECTIONS: 3,508,713.61
AGGREGATE SECURITY COLLECTIONS: 4,002,171.72
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
61,276,184.80 9.0537
TOTAL LOANS: 61,276,184.80 8.9297
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 0.00 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.252 %
RESIDUAL OWNERSHIP
INTEREST: 187,200.00
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/15/99 REPT2H.FRM
06:38:05
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1996-RHS4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/20/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 91.99995785
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 8.00004215
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 410
CURRENT AMOUNT: 2,219,721.94 1,246,234.97
TARGET AMOUNT: 2,219,721.94
60 - 89 DAYS DELINQUENT 100
256,838.62
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 40
255,257.03
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 150
YET REIMBURSED: 0.00 460,565.24
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 942,839.64
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: 01/20/99 REPT1HC.FRG
14:01:20
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RFMSII SERIES 1997-HI1
PAYMENT DATE: 01/25/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 NOTES 42,750,000.00 0.00 0.00
437184AA2 0.00 0.000000 0.000000
6.73000 0.00 0.00
0.000000 0.000000
A-2 NOTES 7,250,000.00 0.00 0.00
437184AB0 0.00 0.000000 0.000000
6.66000 0.00 0.00
0.000000 0.000000
A-3 NOTES 26,500,000.00 2,937,785.66 137,247.98
437184AC8 24,435,842.75 110.859836 5.179169
6.74000 0.00 21,498,057.09
0.000000 811.247437
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
12,474,213.61 0.000000 0.000000
0.00000 0.00 12,358,963.40
0.000000 2303.033066
- -----------------------------------------------------------------------------
154,734,428.36 2,937,785.66 581,403.17
109,728,056.36 0.00 106,675,020.49
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,213,627.19
SECURITY PRINCIPAL COLLECTIONS: 2,305,561.64
AGGREGATE SECURITY COLLECTIONS: 3,519,188.83
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 106,675,020.49 13.0541
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 747,474.23 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 9.449 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/20/99 REPT2H.FRM
14:01:22
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/25/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 NOTES 0.00 0.00 0.00000000
A-2 NOTES 0.00 0.00 0.00000000
A-3 NOTES 0.00 0.00 20.15285021
A-4 NOTES 0.00 0.00 24.46683383
A-5 NOTES 0.00 0.00 8.85868121
A-6 NOTES 0.00 0.00 23.43566459
A-7 NOTES 0.00 0.00 11.50034933
CERTIFICATES 0.00 0.00 11.58562084
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 36
CURRENT AMOUNT: 12,358,963.40 1,162,718.38
TARGET AMOUNT: 13,926,098.55
60 - 89 DAYS DELINQUENT 29
1,088,549.00
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 61
1,960,023.14
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: 01/14/99 REPT1HC.FRG
12:54:52
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RFMSII SERIES 1997-HS2
PAYMENT DATE: 01/20/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 300,402,933.00 8,878,809.61 634,036.92
76110VAP3 133,116,436.92 29.556335 2.110622
5.71563 0.00 124,237,627.31
0.000000 413.569954
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.71563 0.00 0.00
CERTIFICATES 0.00 0.00 400,194.38
0.00000 0.00 0.00
- -----------------------------------------------------------------------------
300,402,933.00 8,878,809.61 1,034,231.30
133,116,436.92 0.00 124,237,627.31
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,150,424.84
SECURITY PRINCIPAL COLLECTIONS: 8,805,950.86
AGGREGATE SECURITY COLLECTIONS: 9,956,375.70
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 128,743,671.31 9.7190
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 100,663.29 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 1.812 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/14/99 REPT2H.FRM
12:54:54
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS2 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/20/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 100.00000000
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 75
CURRENT AMOUNT: 4,506,044.00 2,589,183.89
TARGET AMOUNT: 4,506,044.00
60 - 89 DAYS DELINQUENT 15
566,012.98
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 11
416,731.20
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 66
YET REIMBURSED: 0.00 1,466,765.46
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,500,051.74
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: 01/19/99 REPT1HC.FRG
19:12:11
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RFMSII SERIES 1997-HI3
PAYMENT DATE: 01/25/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-PV NOTES 100,000,000.00 2,049,801.28 440,485.94
437184AJ3 73,618,819.95 20.498013 4.404859
7.18000 137,773.62 71,431,245.05
1.377736 714.312450
A-PB NOTES 122,765,141.00 2,516,441.45 540,763.19
437184AH7 90,378,248.40 20.498013 4.404859
7.18000 169,137.98 87,692,668.97
1.377736 714.312453
CERTIFICATES 8,079,564.43 0.00 0.00
15,167,586.95 0.000000 0.000000
0.00000 0.00 15,474,498.55
0.000000 1877.277801
- -----------------------------------------------------------------------------
230,844,705.43 4,566,242.73 981,249.13
179,164,655.30 306,911.60 174,598,412.57
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,994,962.13
SECURITY PRINCIPAL COLLECTIONS: 3,897,707.31
AGGREGATE SECURITY COLLECTIONS: 5,892,669.44
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 174,598,412.57 12.8106
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 668,535.42 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 5.962 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/19/99 REPT2H.FRM
19:12:13
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HI3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/25/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-PV NOTES 0.00 0.00 40.91173797
A-PB NOTES 0.00 0.00 50.22535296
CERTIFICATES 0.00 0.00 8.86290907
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 52
CURRENT AMOUNT: 15,474,498.55 1,788,831.04
TARGET AMOUNT: 20,776,023.49
60 - 89 DAYS DELINQUENT 37
1,134,765.34
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 99
3,576,987.41
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: 01/15/99 REPT1HE.FRG
06:37:27
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: 01/20/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 194,000,000.00 6,201,101.23 557,210.39
43707QAG3 116,477,192.66 31.964439 2.872219
5.74063 0.00 110,276,091.43
0.000000 568.433461
VARIABLE FUNDING NOTES 0.00 0.00 0.00
0.00 0.000000 0.000000
5.74063 0.00 0.00
0.000000 0.000000
CERTIFICATES 62,173.00 0.00 325,073.15
3,396,088.03 0.000000 5228.526048
0.00000 0.00 3,396,088.03
0.000000 0.000000
VARIABLE FUNDING CERT 0.00 0.00 0.00
0.00 0.000000 0.000000
0.00000 0.00 0.00
0.000000 0.000000
- -----------------------------------------------------------------------------
194,062,173.00 6,201,101.23 882,283.54
119,873,280.69 0.00 113,672,179.46
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 894,270.87
SECURITY PRINCIPAL COLLECTIONS: 6,201,101.23
AGGREGATE SECURITY COLLECTIONS: 7,095,372.10
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 113,672,179.46 8.5807
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 0.00 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.066 %
RESIDUAL OWNERSHIP
INTEREST: 325,073.15
ADMINISTRATOR:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/15/99 REPT2H.FRM
06:37:29
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-GMACM4 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/20/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 97.01238417
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 2.98761583
VARIABLE FUNDING CERT 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 93
CURRENT AMOUNT: 3,396,088.03 2,334,063.43
TARGET AMOUNT: 3,396,088.03
60 - 89 DAYS DELINQUENT 17
452,723.93
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 5
138,765.59
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 29
YET REIMBURSED: 0.00 776,572.01
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 1,791,494.49
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: 01/21/99 REPT1HC.FRG
10:11:24
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RFMSII SERIES 1997-HS5
PAYMENT DATE: 01/25/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 Certificates 43,000,000.00 0.00 0.00
76110VAQ1 0.00 0.000000 0.000000
6.88000 0.00 0.00
0.000000 0.000000
A-2 Certificates 16,800,000.00 0.00 0.00
76110VAR9 0.00 0.000000 0.000000
6.56000 0.00 0.00
0.000000 0.000000
A-3 Certificates 55,800,000.00 7,320,232.50 39,712.26
76110VAS7 7,320,232.50 131.186962 0.711689
6.51000 0.00 0.00
0.000000 0.000000
A-4 Certificates 10,600,000.00 2,574,663.31 57,416.67
76110VAT5 10,600,000.00 242.892765 5.416667
6.50000 0.00 8,025,336.69
0.000000 757.107235
A-5 Certificates 18,100,000.00 0.00 100,605.83
76110VAU2 18,100,000.00 0.000000 5.558333
6.67000 0.00 18,100,000.00
0.000000 1000.000000
A-6 Certificates 8,300,000.00 0.00 46,756.67
76110VAV0 8,300,000.00 0.000000 5.633334
6.76000 0.00 8,300,000.00
0.000000 1000.000000
A-7 Certificates 18,778,000.00 0.00 109,538.33
76110VAW8 18,778,000.00 0.000000 5.833333
7.00000 0.00 18,778,000.00
0.000000 1000.000000
A-L1 Certificates 20,288,000.00 0.00 113,781.87
76110VAX6 20,288,000.00 0.000000 5.608333
6.73000 0.00 20,288,000.00
0.000000 1000.000000
A-L2 Certificates 1,220,000.00 0.00 6,994.67
76110VAY4 1,220,000.00 0.000000 5.733336
6.88000 0.00 1,220,000.00
0.000000 1000.000000
IO Certificates 0.00 0.00 135,253.33
76110VAZ1
8.00000 0.00 0.00
M-1 Certificates 19,518,000.00 0.00 114,017.65
76110VBA5 19,518,000.00 0.000000 5.841667
7.01000 0.00 19,518,000.00
0.000000 1000.000000
M-2 Certificates 9,185,000.00 0.00 54,880.38
76110VBB3 9,185,000.00 0.000000 5.975001
7.17000 0.00 9,185,000.00
0.000000 1000.000000
B-1 Certificates 8,037,000.00 0.00 50,231.25
76110VBC1 8,037,000.00 0.000000 6.250000
7.50000 0.00 8,037,000.00
0.000000 1000.000000
R-I Certificates 0.00 0.00 0.00
0.00000 0.00 0.00
R-II Certificates 573.80 299,697.95 0.00
4,592,531.00 0.000000
0.00000 0.00 4,592,531.00
0.000000
- -----------------------------------------------------------------------------
229,626,573.80 10,194,593.76 829,188.91
125,938,763.50 0.00 116,043,867.69
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,178,723.71
SECURITY PRINCIPAL COLLECTIONS: 9,845,058.96
AGGREGATE SECURITY COLLECTIONS: 11,023,782.67
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 116,043,867.69 11.0167
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 49,836.85 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.667 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/21/99 REPT2H.FRM
10:11:27
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1997-HS5 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/25/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 Certificates 0.00 0.00 0.00000000
A-2 Certificates 0.00 0.00 0.00000000
A-3 Certificates 0.00 0.00 0.00000000
A-4 Certificates 0.00 0.00 6.91577836
A-5 Certificates 0.00 0.00 15.59754975
A-6 Certificates 0.00 0.00 7.15246757
A-7 Certificates 0.00 0.00 16.18181156
A-L1 Certificates 0.00 0.00 17.48304361
A-L2 Certificates 0.00 0.00 1.05132656
IO Certificates 0.00 0.00 0.00000000
M-1 Certificates 0.00 0.00 16.81950144
M-2 Certificates 0.00 0.00 7.91511019
B-1 Certificates 0.00 0.00 6.92582914
R-I Certificates 0.00 0.00 0.00000000
R-II Certificates 0.00 0.00 3.95758181
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 15
CURRENT AMOUNT: 4,592,531.00 357,854.11
TARGET AMOUNT: 4,592,531.00
60 - 89 DAYS DELINQUENT 8
121,568.55
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 14
223,563.14
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 3
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: 01/14/99 REPT1HC.FRG
12:57:02
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1998-HS1 (ISSUER)
RFMSII SERIES 1998-HS1
PAYMENT DATE: 01/20/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 517,879,000.00 21,654,961.80 1,439,739.97
76110VBD9 300,957,903.17 41.814713 2.780070
5.74063 0.00 279,302,941.37
0.000000 539.320848
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.74063 0.00 0.00
CERTIFICATES 0.00 0.00 953,911.09
0.00000 0.00 0.00
- -----------------------------------------------------------------------------
517,879,000.00 21,654,961.80 2,393,651.06
300,957,903.17 0.00 279,302,941.37
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 2,576,525.73
SECURITY PRINCIPAL COLLECTIONS: 21,505,144.10
AGGREGATE SECURITY COLLECTIONS: 24,081,669.83
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 286,956,335.72 9.4902
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 150,270.90 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.127 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/14/99 REPT2H.FRM
12:57:04
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1998-HS1 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/20/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 100.00000000
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 101
CURRENT AMOUNT: 7,653,394.35 2,735,200.60
TARGET AMOUNT: 7,653,394.35
60 - 89 DAYS DELINQUENT 21
545,525.64
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 21
841,462.30
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 31
YET REIMBURSED: 0.00 656,400.13
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 5,504,165.98
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: 01/29/99 REPT1HC.FRG
13:50:43
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1998-HI2 (ISSUER)
RFMSII SERIES 1998-HI2
PAYMENT DATE: 01/25/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 Notes 134,680,000.00 8,406,058.23 428,360.36
76110VBE7 97,230,240.34 62.415045 3.180579
5.66438 0.00 88,824,182.11
0.000000 659.520212
A-2 Notes 86,990,000.00 0.00 455,972.58
76110VBF4 86,990,000.00 0.000000 5.241667
6.29000 0.00 86,990,000.00
0.000000 1000.000000
A-3 Notes 23,280,000.00 0.00 122,802.00
76110VBG2 23,280,000.00 0.000000 5.275000
6.33000 0.00 23,280,000.00
0.000000 1000.000000
A-4 Notes 21,390,000.00 0.00 117,823.25
76110VBH0 21,390,000.00 0.000000 5.508333
6.61000 0.00 21,390,000.00
0.000000 1000.000000
A-5 Notes 32,620,000.00 0.00 185,118.50
76110VBJ6 32,620,000.00 0.000000 5.675000
6.81000 0.00 32,620,000.00
0.000000 1000.000000
A-6 Notes 0.00 0.00 208,333.33
76110VBK3
5.00000 0.00 0.00
M-1 Notes 40,400,000.00 0.00 228,260.00
76110VBL1 40,400,000.00 0.000000 5.650000
6.78000 0.00 40,400,000.00
0.000000 1000.000000
M-2 Notes 28,280,000.00 0.00 168,973.00
76110VBM9 28,280,000.00 0.000000 5.975000
7.17000 0.00 28,280,000.00
0.000000 1000.000000
B-1 Notes 24,240,000.00 0.00 161,802.00
76110VBN7 24,240,000.00 0.000000 6.675000
8.01000 0.00 24,240,000.00
0.000000 1000.000000
B-2 Notes 12,120,000.00 0.00 83,325.00
76110VBP2 12,120,000.00 0.000000 6.875000
8.25000 0.00 12,120,000.00
0.000000 1000.000000
- -----------------------------------------------------------------------------
404,000,000.00 8,406,058.23 2,160,770.02
366,550,240.34 0.00 358,144,182.11
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 3,901,083.18
SECURITY PRINCIPAL COLLECTIONS: 6,666,207.34
AGGREGATE SECURITY COLLECTIONS: 10,567,290.52
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
TOTAL LOANS: 364,240,860.23 13.2157
FUNDING ACCOUNT
DEPOSIT AMOUNT: 0.00
NEW BALANCE: 0.00
AGGREGATE LIQUIDATION CUMULATIVE LIQUIDATION
LOSS AMOUNTS FOR THE LOSS AMOUNTS AS A
COLLECTION PERIOD: 629,078.08 PERCENTAGE OF POOL BALANCE:
DISTRIBUTION TO 0.221 %
RESIDUAL OWNERSHIP
INTEREST: 0.00
MASTER SERVICER:
RESIDENTIAL FUNDING CORPORATION
10 UNIVERSAL CITY PLAZA, SUITE 2100
UNIVERSAL CITY, CA 91608
(818) 753-3500
Run: 01/29/99 REPT2H.FRM
13:50:45
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1998-HI2 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/25/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A-1 Notes 0.00 0.00 24.80123552
A-2 Notes 0.00 0.00 24.28910041
A-3 Notes 0.00 0.00 6.50017539
A-4 Notes 0.00 0.00 5.97245497
A-5 Notes 0.00 0.00 9.10806363
A-6 Notes 0.00 0.00 0.00000000
M-1 Notes 0.00 0.00 11.28037311
M-2 Notes 0.00 0.00 7.89626117
B-1 Notes 0.00 0.00 6.76822386
B-2 Notes 0.00 0.00 3.38411193
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 92
CURRENT AMOUNT: 6,096,678.12 2,900,795.62
TARGET AMOUNT: 14,007,639.07
60 - 89 DAYS DELINQUENT 24
791,432.13
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 75
2,646,548.94
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: 01/14/99 REPT1HC.FRG
12:58:50
Page: 1
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
HOME EQUITY LOAN TRUST 1998-HS3 (ISSUER)
RFMSII SERIES 1998-HS3
PAYMENT DATE: 01/20/99
DISTRIBUTION AMOUNTS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS ORIGINAL/ PRINCIPAL INTEREST
CUSIP BEGINNING DISTRIBUTION DISTRIBUTION
BALANCE FACTOR FACTOR
PASS-THROUGH ACCEL PRIN ENDING BALANCE
RATE FACTOR FACTOR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 150,000,000.00 6,165,095.04 626,858.98
130,808,412.04 41.100634 4.179060
5.75063 379,459.41 124,263,857.59
2.529729 828.425717
VARIABLE FUNDING NOTES 0.00 0.00 0.00
5.75063 0.00 0.00
CERTIFICATES 0.00 0.00 0.00
0.00000 0.00 0.00
- -----------------------------------------------------------------------------
150,000,000.00 6,165,095.04 626,858.98
130,808,412.04 379,459.41 124,263,857.59
=============================================================================
SECURITY COLLECTIONS
SECURITY INTEREST COLLECTIONS: 1,021,034.34
SECURITY PRINCIPAL COLLECTIONS: 6,165,095.04
AGGREGATE SECURITY COLLECTIONS: 7,186,129.38
MORTGAGE LOANS: ENDING WEIGHTED AVERAGE
ASSET BALANCE NET LOAN RATE
------------- ----------------
GMACMC LOANS: **,***,***.** 9.3746
GOAL LINE LOANS: 99,999,999.99 99.9999
TOTAL LOANS: 124,712,312.12 9.2461
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: 01/14/99 REPT2H.FRM
12:58:52
Page: 2
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
HOME EQUITY LOAN TRUST 1998-HS3 (ISSUER)
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
PAYMENT DATE: 01/20/99
ADDITIONAL INFORMATION
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
CLASS EXCESS REMAINING ENDING
LOSS AMOUNT UNPAID SECURITY
INTEREST PERCENTAGE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
TERM NOTES 0.00 0.00 100.00000000
VARIABLE FUNDING NOTES 0.00 0.00 0.00000000
CERTIFICATES 0.00 0.00 0.00000000
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
RESERVE AMOUNT DELINQUENCY
AT END OF CURRENT PERIOD: LOANS
30 - 59 DAYS DELINQUENT 55
CURRENT AMOUNT: 448,454.53 1,631,234.08
TARGET AMOUNT: 2,674,620.43
60 - 89 DAYS DELINQUENT 10
196,233.90
CREDIT ENHANCEMENT
90 - 179 DAYS DELINQUENT 9
353,578.35
DRAW AMOUNT: 0.00
PRIOR DRAWS NOT 180 OR MORE DELINQUENT 0
YET REIMBURSED: 0.00 0.00
REO LOANS 0
ADDITIONAL BALANCES 0.00
CURRENT PERIOD: 3,006,353.65
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
................................................................................
