SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
November 25, 1996
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in
its charter)
33-95932 51-0368240
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
- --------------------
Item 5. Other Events
See the respective monthly reports, each reflecting the
required information for the November 1996 distribution
to holders of the following series of Conduit Mortgage
Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-QS1 RALI
1996-QS1 RALI
1996-QS2 RALI
1996-QS3 RALI
1996-QS4 RALI
1996-QS6 RALI
1996-QS5 RALI
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) See Item 5.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the
registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly
authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
and Treasurer
Dated: November 25, 1996
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4180
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FAA1 54,500,000.00 14,872,498.29 6.600000 % 3,696,542.90
A-2 76110FAB9 82,500,000.00 82,500,000.00 6.900000 % 0.00
A-3 76110FAC7 22,250,000.00 22,250,000.00 7.300000 % 0.00
A-4 76110FAD5 46,000,000.00 46,000,000.00 7.500000 % 0.00
A-5 76110FAE3 22,100,000.00 22,100,000.00 7.500000 % 0.00
A-6 76110FAF0 31,109,000.00 31,109,000.00 7.500000 % 0.00
R 514.42 2,326,135.63 0.000000 % 0.00
- -------------------------------------------------------------------------------
258,459,514.42 221,157,633.92 3,696,542.90
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 81,798.74 3,778,341.64 0.00 0.00 11,175,955.39
A-2 474,375.00 474,375.00 0.00 0.00 82,500,000.00
A-3 135,354.17 135,354.17 0.00 0.00 22,250,000.00
A-4 287,500.00 287,500.00 0.00 0.00 46,000,000.00
A-5 138,125.00 138,125.00 0.00 0.00 22,100,000.00
A-6 194,431.25 194,431.25 0.00 0.00 31,109,000.00
R 333,479.96 333,479.96 0.00 0.00 2,326,135.63
- -------------------------------------------------------------------------------
1,645,064.12 5,341,607.02 0.00 0.00 217,461,091.02
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 272.889877 67.826475 1.500894 69.327369 0.000000 205.063402
A-2 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-3 1000.000000 0.000000 6.083333 6.083333 0.000000 1000.000000
A-4 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4180
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 45,673.36
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,365.39
SUBSERVICER ADVANCES THIS MONTH 91,867.73
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 53 5,881,672.13
(B) TWO MONTHLY PAYMENTS: 13 2,161,413.51
(C) THREE OR MORE MONTHLY PAYMENTS: 4 559,794.55
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 2,446,415.84
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 217,461,091.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,265
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 3,450,273.04
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.94820020 % 1.05179980 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.93032100 % 1.06967900 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33206716
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 318.81
POOL TRADING FACTOR: 84.13739053
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4194
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FAG8 52,015,000.00 25,614,118.71 6.000000 % 3,239,507.44
A-I- 76110FAH6 67,186,000.00 67,186,000.00 6.250000 % 0.00
A-I- 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
A-I- 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I- 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I- 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I- 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 22,772,496.02 5.777500 % 639,752.49
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 224,965,345.21 3,879,259.93
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 128,070.59 3,367,578.03 0.00 0.00 22,374,611.27
A-I-2 349,927.08 349,927.08 0.00 0.00 67,186,000.00
A-I-3 126,911.25 126,911.25 0.00 0.00 22,562,000.00
A-I-4 183,149.00 183,149.00 0.00 0.00 31,852,000.00
A-I-5 85,393.13 85,393.13 0.00 0.00 14,535,000.00
A-I-6 111,270.20 111,270.20 0.00 0.00 18,417,136.00
A-I-7 111,666.67 111,666.67 0.00 0.00 20,000,000.00
A-II 113,294.75 753,047.24 0.00 0.00 22,132,743.53
R 301,825.24 301,825.24 0.00 0.00 2,026,594.48
- -------------------------------------------------------------------------------
1,511,507.91 5,390,767.84 0.00 0.00 221,086,085.28
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 492.437157 62.280255 2.462186 64.742441 0.000000 430.156902
A-I- 1000.000000 0.000000 5.208333 5.208333 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.625000 5.625000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.583334 5.583334 0.000000 1000.000000
A-II 775.234752 21.778832 3.856847 25.635679 0.000000 753.455920
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4194
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 48,747.97
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,556.83
SUBSERVICER ADVANCES THIS MONTH 73,170.79
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 6,595,913.08
(B) TWO MONTHLY PAYMENTS: 13 1,944,067.72
(C) THREE OR MORE MONTHLY PAYMENTS: 1 407,126.31
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 476,088.87
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 221,086,085.28
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,764
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 3,249,850.62
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.09915260 % 0.90084740 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.08334600 % 0.91665400 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 7,678,263.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,559,421.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.97353700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.01
POOL TRADING FACTOR: 86.38128755
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS2 (POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4201
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FAS2 40,000,000.00 29,309,321.10 6.400000 % 1,737,029.95
A-2 76110FAT0 16,000,000.00 16,000,000.00 7.000000 % 0.00
A-3 76110FAU7 28,500,000.00 28,500,000.00 7.050000 % 0.00
A-4 76110FAV5 15,000,000.00 15,000,000.00 7.050000 % 0.00
A-5 76110FAW3 14,000,000.00 14,000,000.00 7.350000 % 0.00
A-6 76110FAX1 10,000,000.00 10,000,000.00 7.450000 % 0.00
A-7 76110FAY9 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-8 76110FAZ6 14,043,411.00 14,043,411.00 7.500000 % 0.00
A-9 76110FBA0 18,190,000.00 18,190,000.00 7.500000 % 0.00
A-10 76110FBB8 178,007.00 176,509.23 0.000000 % 215.74
R 0.00 1,386,035.41 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 172,605,276.74 1,737,245.69
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 156,316.38 1,893,346.33 0.00 0.00 27,572,291.15
A-2 93,333.33 93,333.33 0.00 0.00 16,000,000.00
A-3 167,437.50 167,437.50 0.00 0.00 28,500,000.00
A-4 88,125.00 88,125.00 0.00 0.00 15,000,000.00
A-5 85,750.00 85,750.00 0.00 0.00 14,000,000.00
A-6 62,083.33 62,083.33 0.00 0.00 10,000,000.00
A-7 157,083.33 157,083.33 0.00 0.00 26,000,000.00
A-8 87,771.32 87,771.32 0.00 0.00 14,043,411.00
A-9 113,687.50 113,687.50 0.00 0.00 18,190,000.00
A-10 0.00 215.74 0.00 0.00 176,293.49
R 0.00 0.00 194,055.97 0.00 1,580,091.38
- -------------------------------------------------------------------------------
1,011,587.69 2,748,833.38 194,055.97 0.00 171,062,087.02
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 732.733028 43.425749 3.907910 47.333659 0.000000 689.307279
A-2 1000.000000 0.000000 5.833333 5.833333 0.000000 1000.000000
A-3 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-4 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.125000 6.125000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.208333 6.208333 0.000000 1000.000000
A-7 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-8 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-9 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-10 991.585893 1.211975 0.000000 1.211975 0.000000 990.373918
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS2 (POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4201
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 35,942.35
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,398.56
SUBSERVICER ADVANCES THIS MONTH 40,052.93
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 3,129,275.35
(B) TWO MONTHLY PAYMENTS: 4 358,983.34
(C) THREE OR MORE MONTHLY PAYMENTS: 3 263,762.60
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,408,254.81
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 171,062,087.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,581
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 1,399,384.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.19699130 % 0.80300870 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 99.07630530 % 0.92369470 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.79919905
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.51
POOL TRADING FACTOR: 94.03592633
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FBC6 42,855,000.00 35,851,358.46 6.780000 % 1,122,936.26
A-I- 76110FBD4 26,000,000.00 26,000,000.00 7.150000 % 0.00
A-I- 76110FBE2 10,596,000.00 10,596,000.00 7.290000 % 0.00
A-I- 76110FBF9 25,000,000.00 24,019,441.16 7.250000 % 157,218.94
A-I- 76110FBG7 18,587,000.00 18,587,000.00 7.460000 % 0.00
A-I- 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I- 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I- 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I- 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I- 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I- 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 20,160,389.02 7.750000 % 409,703.72
A-P 76110FBQ5 1,166,695.86 1,159,179.91 0.000000 % 1,903.64
R-I 76110FBR3 100.00 0.00 7.750000 % 0.00
R-II 76110FBS1 100.00 0.00 7.750000 % 0.00
M-1 76110FBT9 12,528,500.00 12,489,351.54 7.750000 % 10,007.14
M-2 76110FBU6 5,568,000.00 5,550,601.38 7.750000 % 4,447.44
M-3 76110FBV4 4,176,000.00 4,162,951.04 7.750000 % 3,335.58
B-1 1,809,600.00 1,803,945.45 7.750000 % 1,445.42
B-2 696,000.00 693,825.17 7.750000 % 555.93
B-3 1,670,738.96 1,665,518.29 7.750000 % 1,334.50
SPRE 0.00 0.00 0.745109 % 0.00
STRI 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 269,939,123.42 1,712,888.57
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 202,517.52 1,325,453.78 0.00 0.00 34,728,422.20
A-I-2 154,884.05 154,884.05 0.00 0.00 26,000,000.00
A-I-3 64,357.14 64,357.14 0.00 0.00 10,596,000.00
A-I-4 145,086.90 302,305.84 0.00 0.00 23,862,222.22
A-I-5 115,524.85 115,524.85 0.00 0.00 18,587,000.00
A-I-6 140,090.49 140,090.49 0.00 0.00 21,696,000.00
A-I-7 51,959.27 51,959.27 0.00 0.00 8,047,000.00
A-I-8 112,583.79 112,583.79 0.00 0.00 17,436,000.00
A-I-9 162,360.59 162,360.59 0.00 0.00 25,145,000.00
A-I-10 122,682.49 122,682.49 0.00 0.00 19,000,000.00
A-I-11 102,508.08 102,508.08 0.00 0.00 15,875,562.00
A-II 130,175.09 539,878.81 0.00 0.00 19,750,685.30
A-P 0.00 1,903.64 0.00 0.00 1,157,276.27
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 80,643.41 90,650.55 0.00 0.00 12,479,344.40
M-2 35,840.08 40,287.52 0.00 0.00 5,546,153.94
M-3 26,880.07 30,215.65 0.00 0.00 4,159,615.46
B-1 11,648.03 13,093.45 0.00 0.00 1,802,500.03
B-2 4,480.01 5,035.94 0.00 0.00 693,269.24
B-3 10,754.20 12,088.70 0.00 0.00 1,664,183.78
SPRED 167,576.40 167,576.40 0.00 0.00 0.00
STRIP 60,528.86 60,528.86 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,903,081.32 3,615,969.89 0.00 0.00 268,226,234.84
===============================================================================
Run: 11/21/96 09:48:02
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 836.573526 26.203156 4.725645 30.928801 0.000000 810.370370
A-I- 1000.000000 0.000000 5.957079 5.957079 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.073720 6.073720 0.000000 1000.000000
A-I- 960.777646 6.288758 5.803476 12.092234 0.000000 954.488889
A-I- 1000.000000 0.000000 6.215358 6.215358 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456973 6.456973 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456974 6.456974 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456974 6.456974 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456973 6.456973 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456973 6.456973 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456973 6.456973 0.000000 1000.000000
A-II 980.972184 19.935526 6.334111 26.269637 0.000000 961.036658
A-P 993.557918 1.631647 0.000000 1.631647 0.000000 991.926271
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
M-1 996.875248 0.798750 6.436797 7.235547 0.000000 996.076498
M-2 996.875248 0.798750 6.436796 7.235546 0.000000 996.076498
M-3 996.875249 0.798750 6.436798 7.235548 0.000000 996.076499
B-1 996.875249 0.798751 6.436798 7.235549 0.000000 996.076498
B-2 996.875244 0.798750 6.436796 7.235546 0.000000 996.076494
B-3 996.875233 0.798748 6.436792 7.235540 0.000000 996.076476
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
Run: 11/21/96 09:48:03 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4211
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 56,529.06
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 12,791.97
SUBSERVICER ADVANCES THIS MONTH 27,055.08
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 2,946,616.75
(B) TWO MONTHLY PAYMENTS: 3 317,503.39
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 141,278.21
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 268,226,234.84
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,366
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 1,495,229.76
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.80311840 % 8.22515200 % 1.54230660 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 90.13548150 % 8.27104545 % 1.55763260 %
BANKRUPTCY AMOUNT AVAILABLE 170,419.00
FRAUD AMOUNT AVAILABLE 5,568,095.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,784,047.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.79173800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.77
POOL TRADING FACTOR: 96.34399178
................................................................................
Run: 11/21/96 09:48:04 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FBW2 45,914,000.00 43,572,490.40 6.850000 % 1,995,966.40
A-I- 76110FBX0 26,945,000.00 26,086,453.28 11.000000 % 731,848.55
A-I- 76110FBY8 15,646,000.00 15,646,000.00 7.300000 % 0.00
A-I- 76110FBZ5 32,740,000.00 32,740,000.00 7.500000 % 0.00
A-I- 76110FCA9 10,023,000.00 10,023,000.00 7.700000 % 0.00
A-I- 76110FCB7 26,811,000.00 26,811,000.00 8.000000 % 0.00
A-I- 76110FCC5 18,046,000.00 18,046,000.00 8.000000 % 0.00
A-I- 76110FCD3 9,094,000.00 9,094,000.00 8.000000 % 0.00
A-I- 76110FCE1 10,284,000.00 10,284,000.00 8.000000 % 0.00
A-I- 76110FCF8 27,538,000.00 27,538,000.00 7.900000 % 0.00
A-II 76110FCG6 16,021,000.00 15,739,417.59 7.250000 % 120,334.66
A-II 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 3,018,106.11 0.000000 % 4,763.20
R-I 76110FCK7 100.00 0.00 8.000000 % 0.00
R-II 76110FCL5 100.00 0.00 8.000000 % 0.00
M-1 76110FCM3 13,230,500.00 13,207,383.29 8.000000 % 11,626.43
M-2 76110FCN1 5,570,800.00 5,561,066.54 8.000000 % 4,895.40
M-3 76110FCP6 4,456,600.00 4,448,813.30 8.000000 % 3,916.28
B-1 76110FCR2 2,228,400.00 2,224,506.47 8.000000 % 1,958.23
B-2 76110FCS0 696,400.00 695,183.23 8.000000 % 611.97
B-3 76110FCT8 1,671,255.97 1,668,335.93 8.000000 % 1,468.63
STRI 0.00 0.00 0.109709 % 0.00
SPRE 0.00 0.00 0.788301 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 274,983,756.14 2,877,389.75
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 248,590.31 2,244,556.71 0.00 0.00 41,576,524.00
A-I-2 238,995.08 970,843.63 0.00 0.00 25,354,604.73
A-I-3 95,127.79 95,127.79 0.00 0.00 15,646,000.00
A-I-4 204,513.12 204,513.12 0.00 0.00 32,740,000.00
A-I-5 64,279.09 64,279.09 0.00 0.00 10,023,000.00
A-I-6 178,642.27 178,642.27 0.00 0.00 26,811,000.00
A-I-7 120,240.89 120,240.89 0.00 0.00 18,046,000.00
A-I-8 60,593.52 60,593.52 0.00 0.00 9,094,000.00
A-I-9 68,522.51 68,522.51 0.00 0.00 10,284,000.00
A-I-10 181,192.71 181,192.71 0.00 0.00 27,538,000.00
A-II-1 95,040.32 215,374.98 0.00 0.00 15,619,082.93
A-II-2 54,667.59 54,667.59 0.00 0.00 8,580,000.00
A-P 0.00 4,763.20 0.00 0.00 3,013,342.91
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 88,001.08 99,627.51 0.00 0.00 13,195,756.86
M-2 37,053.51 41,948.91 0.00 0.00 5,556,171.14
M-3 29,642.54 33,558.82 0.00 0.00 4,444,897.02
B-1 14,821.93 16,780.16 0.00 0.00 2,222,548.24
B-2 4,632.02 5,243.99 0.00 0.00 694,571.26
B-3 11,116.16 12,584.79 0.00 0.00 1,660,436.40
STRIP 16,440.57 16,440.57 0.00 0.00 0.00
SPRED 180,542.95 180,542.95 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,992,655.96 4,870,045.71 0.00 0.00 272,099,935.49
===============================================================================
Run: 11/21/96 09:48:04
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 949.002274 43.471847 5.414259 48.886106 0.000000 905.530426
A-I- 968.137067 27.160829 8.869738 36.030567 0.000000 940.976238
A-I- 1000.000000 0.000000 6.080007 6.080007 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.246583 6.246583 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.413159 6.413159 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663022 6.663022 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663022 6.663022 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663022 6.663022 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663021 6.663021 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.579734 6.579734 0.000000 1000.000000
A-II 982.424168 7.511058 5.932234 13.443292 0.000000 974.913110
A-II 1000.000000 0.000000 6.371514 6.371514 0.000000 1000.000000
A-P 992.916301 1.567028 0.000000 1.567028 0.000000 991.349274
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
M-1 998.252771 0.878760 6.651380 7.530140 0.000000 997.374012
M-2 998.252772 0.878761 6.651380 7.530141 0.000000 997.374011
M-3 998.252771 0.878760 6.651380 7.530140 0.000000 997.374012
B-1 998.252769 0.878761 6.651378 7.530139 0.000000 997.374008
B-2 998.252771 0.878762 6.651379 7.530141 0.000000 997.374009
B-3 998.252787 0.878758 6.651381 7.530139 0.000000 993.526083
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
Run: 11/21/96 09:48:06 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4216
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 57,110.16
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,188.29
SUBSERVICER ADVANCES THIS MONTH 34,964.82
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 3,786,734.54
(B) TWO MONTHLY PAYMENTS: 5 444,595.14
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 272,099,935.49
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,580
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 2,577,341.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 62,874.56
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.79083070 % 8.44314000 % 1.66847150 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.67827400 % 8.52511228 % 1.70114600 %
BANKRUPTCY AMOUNT AVAILABLE 272,106.00
FRAUD AMOUNT AVAILABLE 5,570,716.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,785,358.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.02369200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 328.32
POOL TRADING FACTOR: 97.68939626
................................................................................
Run: 11/21/96 09:47:44 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS6 (POOL # 4220)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4220
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110FCQ4 138,145,180.00 133,214,772.99 5.735000 % 3,934,336.20
R 973,833.13 1,350,716.45 0.000000 % 0.00
- -------------------------------------------------------------------------------
139,119,013.13 134,565,489.44 3,934,336.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 657,621.72 4,591,957.92 0.00 0.00 129,280,436.79
R 0.00 0.00 147,288.56 0.00 1,498,005.01
- -------------------------------------------------------------------------------
657,621.72 4,591,957.92 147,288.56 0.00 130,778,441.80
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 964.309960 28.479721 4.760367 33.240088 0.000000 935.830239
R 1387.010165 0.000000 0.000000 0.000000 151.246200 1538.256365
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
Run: 11/21/96 09:47:44 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS6 (POOL # 4220)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4220
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 40,858.68
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 13,544.37
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 19 1,649,141.98
(B) TWO MONTHLY PAYMENTS: 2 102,613.79
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 130,778,441.80
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,195
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 3,607,923.37
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.99623860 % 1.00376140 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.85454740 % 1.14545260 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,173,570.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,881,824.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.81035118
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 303.36
POOL TRADING FACTOR: 94.00472219
................................................................................
Run: 11/21/96 09:48:07 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS5 (POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4222
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FCU5 23,848,000.00 23,702,327.91 9.500000 % 591,278.35
A-I- 76110FCV3 25,000,000.00 24,913,232.78 7.600000 % 352,185.36
A-I- 76110FCW1 12,373,000.00 12,236,846.44 6.650000 % 552,642.92
A-I- 76110FCX9 7,100,000.00 7,100,000.00 7.450000 % 0.00
A-I- 76110FCY7 10,137,000.00 10,137,000.00 7.600000 % 0.00
A-I- 76110FCZ4 5,558,000.00 5,558,000.00 7.800000 % 0.00
A-I- 76110FDA8 16,926,000.00 16,926,000.00 8.000000 % 0.00
A-I- 76110FDB6 6,884,000.00 6,884,000.00 8.000000 % 0.00
A-I- 76110FDC4 11,229,000.00 11,229,000.00 8.000000 % 0.00
A-I- 76110FDD2 22,501,000.00 22,501,000.00 8.000000 % 0.00
A-II 76110FDE0 11,162,000.00 11,109,142.87 8.000000 % 48,597.35
A-II 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 1,104,654.92 0.000000 % 5,128.66
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,912,446.18 8.000000 % 6,121.08
M-2 76110FDK6 3,958,800.00 3,955,773.43 8.000000 % 3,060.19
M-3 76110FDL4 2,815,100.00 2,812,947.81 8.000000 % 2,176.10
B-1 76110FDM2 1,407,600.00 1,406,523.87 8.000000 % 1,088.09
B-2 76110FDNO 439,800.00 439,463.77 8.000000 % 339.97
B-3 76110FDP5 1,055,748.52 1,054,941.35 8.000000 % 816.10
SPRE 0.00 0.00 0.900346 % 0.00
- -------------------------------------------------------------------------------
175,944,527.21 175,508,301.33 1,563,434.17
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 187,545.87 778,824.22 0.00 0.00 23,111,049.56
A-I-2 157,701.78 509,887.14 0.00 0.00 24,561,047.42
A-I-3 67,777.26 620,420.18 0.00 0.00 11,684,203.52
A-I-4 44,056.25 44,056.25 0.00 0.00 7,100,000.00
A-I-5 64,167.62 64,167.62 0.00 0.00 10,137,000.00
A-I-6 36,108.22 36,108.22 0.00 0.00 5,558,000.00
A-I-7 112,781.33 112,781.33 0.00 0.00 16,926,000.00
A-I-8 45,869.47 45,869.47 0.00 0.00 6,884,000.00
A-I-9 74,821.08 74,821.08 0.00 0.00 11,229,000.00
A-I-10 149,928.68 149,928.68 0.00 0.00 22,501,000.00
A-II-1 74,022.45 122,619.80 0.00 0.00 11,060,545.52
A-II-2 30,150.99 30,150.99 0.00 0.00 4,525,000.00
A-P 0.00 5,128.66 0.00 0.00 1,099,526.26
R 0.00 0.00 0.00 0.00 0.00
M-1 52,722.22 58,843.30 0.00 0.00 7,906,325.10
M-2 26,358.11 29,418.30 0.00 0.00 3,952,713.24
M-3 18,743.24 20,919.34 0.00 0.00 2,810,771.71
B-1 9,371.95 10,460.04 0.00 0.00 1,405,435.78
B-2 2,928.24 3,268.21 0.00 0.00 439,123.80
B-3 7,029.28 7,845.38 0.00 0.00 1,054,125.25
SPRED 131,613.38 131,613.38 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,293,697.42 2,857,131.59 0.00 0.00 173,944,867.16
===============================================================================
Run: 11/21/96 09:48:07
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS5 (POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4222
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 993.891643 24.793624 7.864218 32.657842 0.000000 969.098019
A-I- 996.529311 14.087414 6.308071 20.395485 0.000000 982.441897
A-I- 988.995914 44.665232 5.477836 50.143068 0.000000 944.330681
A-I- 1000.000000 0.000000 6.205106 6.205106 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.330040 6.330040 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.496621 6.496621 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663200 6.663200 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663200 6.663200 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663201 6.663201 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663201 6.663201 0.000000 1000.000000
A-II 995.264547 4.353821 6.631648 10.985469 0.000000 990.910726
A-II 1000.000000 0.000000 6.663202 6.663202 0.000000 1000.000000
A-P 998.893396 4.637633 0.000000 4.637633 0.000000 994.255763
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.235484 0.773010 6.658107 7.431117 0.000000 998.462474
M-2 999.235483 0.773009 6.658106 7.431115 0.000000 998.462474
M-3 999.235484 0.773010 6.658108 7.431118 0.000000 998.462474
B-1 999.235486 0.773011 6.658106 7.431117 0.000000 998.462475
B-2 999.235493 0.773010 6.658117 7.431127 0.000000 998.462483
B-3 999.235452 0.773006 6.658101 7.431107 0.000000 998.462446
_______________________________________________________________________________
DETERMINATION DATE 20-November-96
DISTRIBUTION DATE 25-November-96
Run: 11/21/96 09:48:08 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS5 (POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4222
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 36,387.57
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,833.38
SUBSERVICER ADVANCES THIS MONTH 48,092.67
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 69 5,352,138.91
(B) TWO MONTHLY PAYMENTS: 6 446,184.65
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 173,944,867.16
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,632
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 1,427,165.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.35278210 % 8.36494200 % 1.65287280 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.83571390 % 8.43359755 % 1.67703960 %
BANKRUPTCY AMOUNT AVAILABLE 125,000.00
FRAUD AMOUNT AVAILABLE 3,518,891.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,900,000.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.17717100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.16
POOL TRADING FACTOR: 98.86347130
................................................................................
