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)
August 25, 1997
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 August 1997 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
1996-QS7 RALI
1996-QS8 RALI
1997-QS1 RALI
1997-QS2 RALI
1997-QS3 RALI
1997-QS3 RALI
1997-QS4 RALI
1997-QS5 RALI
1997-QS6 RALI
1997-QS7 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: August 25, 1997
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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 0.00 6.600000 % 0.00
A-2 76110FAB9 82,500,000.00 64,323,014.55 6.900000 % 2,567,489.55
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
- -------------------------------------------------------------------------------
258,459,514.42 188,108,150.18 2,567,489.55
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 369,857.33 2,937,346.88 0.00 0.00 61,755,525.00
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 273,340.26 273,340.26 0.00 0.00 2,326,135.63
- -------------------------------------------------------------------------------
1,398,608.01 3,966,097.56 0.00 0.00 185,540,660.63
===============================================================================
_______________________________________________________________________________
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-2 779.672904 31.121085 4.483119 35.604204 0.000000 748.551818
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-August-97
DISTRIBUTION DATE 25-August-97
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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 38,658.32
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,126.24
SUBSERVICER ADVANCES THIS MONTH 75,499.99
MASTER SERVICER ADVANCES THIS MONTH 8,881.66
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 4,666,794.53
(B) TWO MONTHLY PAYMENTS: 9 683,263.25
(C) THREE OR MORE MONTHLY PAYMENTS: 2 384,329.60
FORECLOSURES
NUMBER OF LOANS 23
AGGREGATE PRINCIPAL BALANCE 3,287,847.24
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 185,540,660.63
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,006
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,094,894.15
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,379,559.61
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.76340520 % 1.23659480 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.74629330 % 1.25370670 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.32949628
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 309.30
POOL TRADING FACTOR: 71.78712730
................................................................................
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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 0.00 6.000000 % 0.00
A-I- 76110FAH6 67,186,000.00 63,714,551.59 6.250000 % 2,731,771.46
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 16,912,791.15 6.027500 % 454,860.48
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 190,020,073.22 3,186,631.94
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 331,846.62 3,063,618.08 0.00 0.00 60,982,780.13
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 87,783.26 542,643.74 0.00 0.00 16,457,930.67
R 284,340.13 284,340.13 28,815.07 0.00 2,026,594.48
- -------------------------------------------------------------------------------
1,322,360.26 4,508,992.20 28,815.07 0.00 186,833,441.28
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 948.330777 40.659832 4.939223 45.599055 0.000000 907.670945
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 575.755220 15.484629 2.988370 18.472999 0.000000 560.270591
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
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Page: 2 of 2
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 40,587.50
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,358.12
SUBSERVICER ADVANCES THIS MONTH 68,054.70
MASTER SERVICER ADVANCES THIS MONTH 9,212.04
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 3,197,104.86
(B) TWO MONTHLY PAYMENTS: 4 418,209.55
(C) THREE OR MORE MONTHLY PAYMENTS: 4 764,320.26
FORECLOSURES
NUMBER OF LOANS 21
AGGREGATE PRINCIPAL BALANCE 4,319,255.60
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 186,833,441.28
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,548
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 4
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,146,476.16
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,576,321.57
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.93348400 % 1.06651600 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.91529350 % 1.08470650 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,144,493.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,144,493.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.99493000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 319.32
POOL TRADING FACTOR: 72.99832188
................................................................................
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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 12,874,766.06 6.400000 % 1,776,153.43
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 178,007.00 173,687.63 0.000000 % 230.58
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 156,600,978.87 1,776,384.01
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 68,665.42 1,844,818.85 0.00 0.00 11,098,612.63
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 0.00 230.58 0.00 0.00 173,457.05
R 167,548.91 167,548.91 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
1,091,485.64 2,867,869.65 0.00 0.00 154,824,594.86
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 321.869152 44.403836 1.716636 46.120472 0.000000 277.465316
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-10 975.734831 1.295342 0.000000 1.295342 0.000000 974.439488
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
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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 32,524.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,908.97
SUBSERVICER ADVANCES THIS MONTH 32,012.70
MASTER SERVICER ADVANCES THIS MONTH 3,433.22
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 2,010,702.48
(B) TWO MONTHLY PAYMENTS: 4 299,388.49
(C) THREE OR MORE MONTHLY PAYMENTS: 2 145,617.38
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,725,097.56
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 154,824,594.86
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,456
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 4
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 438,673.58
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,635,800.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.83837620 % 1.16162380 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.82504830 % 1.17495170 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78368033
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 324.77
POOL TRADING FACTOR: 85.10988291
................................................................................
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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 18,394,315.83 6.780000 % 2,333,676.05
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 21,575,332.97 7.250000 % 326,730.98
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 18,268,499.98 7.750000 % 120,111.55
A-P 76110FBQ5 1,166,695.86 1,094,225.16 0.000000 % 3,930.71
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 12,382,028.53 7.750000 % 10,954.11
M-2 76110FBU6 5,568,000.00 5,502,904.16 7.750000 % 4,868.30
M-3 76110FBV4 4,176,000.00 4,127,178.13 7.750000 % 3,651.23
B-1 1,809,600.00 1,788,443.86 7.750000 % 1,582.20
B-2 696,000.00 687,863.02 7.750000 % 608.54
B-3 1,670,738.96 1,651,206.21 7.750000 % 1,460.79
SPRE 0.00 0.00 0.729312 % 0.00
A-V 7611OFHY2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 247,854,559.85 2,807,574.46
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 103,909.39 2,437,585.44 0.00 0.00 16,060,639.78
A-I-2 154,889.11 154,889.11 0.00 0.00 26,000,000.00
A-I-3 64,359.25 64,359.25 0.00 0.00 10,596,000.00
A-I-4 130,327.78 457,058.76 0.00 0.00 21,248,601.99
A-I-5 115,528.63 115,528.63 0.00 0.00 18,587,000.00
A-I-6 140,095.08 140,095.08 0.00 0.00 21,696,000.00
A-I-7 51,960.97 51,960.97 0.00 0.00 8,047,000.00
A-I-8 112,587.47 112,587.47 0.00 0.00 17,436,000.00
A-I-9 162,365.90 162,365.90 0.00 0.00 25,145,000.00
A-I-10 122,686.50 122,686.50 0.00 0.00 19,000,000.00
A-I-11 102,511.43 102,511.43 0.00 0.00 15,875,562.00
A-II 117,963.07 238,074.62 0.00 0.00 18,148,388.43
A-P 0.00 3,930.71 0.00 0.00 1,090,294.45
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 79,953.05 90,907.16 0.00 0.00 12,371,074.42
M-2 35,533.27 40,401.57 0.00 0.00 5,498,035.86
M-3 26,649.95 30,301.18 0.00 0.00 4,123,526.90
B-1 11,548.32 13,130.52 0.00 0.00 1,786,861.66
B-2 4,441.66 5,050.20 0.00 0.00 687,254.48
B-3 10,662.14 12,122.93 0.00 0.00 1,649,745.42
SPRED 150,609.30 150,609.30 0.00 0.00 0.00
A-V 45,404.04 45,404.04 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,743,986.31 4,551,560.77 0.00 0.00 245,046,985.39
===============================================================================
Run: 08/24/97 20:24:27
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- 429.222164 54.455164 2.424674 56.879838 0.000000 374.767000
A-I- 1000.000000 0.000000 5.957273 5.957273 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.073919 6.073919 0.000000 1000.000000
A-I- 863.013319 13.069239 5.213111 18.282350 0.000000 849.944080
A-I- 1000.000000 0.000000 6.215561 6.215561 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.457185 6.457185 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.457185 6.457185 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.457185 6.457185 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.457184 6.457184 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.457184 6.457184 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.457184 6.457184 0.000000 1000.000000
A-II 888.915899 5.844435 5.739894 11.584329 0.000000 883.071463
A-P 937.883811 3.369093 0.000000 3.369093 0.000000 934.514718
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-1 988.308938 0.874335 6.381694 7.256029 0.000000 987.434603
M-2 988.308937 0.874335 6.381694 7.256029 0.000000 987.434601
M-3 988.308939 0.874337 6.381693 7.256030 0.000000 987.434603
B-1 988.308941 0.874337 6.381698 7.256035 0.000000 987.434604
B-2 988.308937 0.874339 6.381695 7.256034 0.000000 987.434598
B-3 988.308916 0.874338 6.381691 7.256029 0.000000 987.434576
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:24:28 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 51,761.23
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,875.38
SUBSERVICER ADVANCES THIS MONTH 32,355.02
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 2,150,955.58
(B) TWO MONTHLY PAYMENTS: 2 150,006.60
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,816,577.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 245,046,985.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,201
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 2,586,153.82
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.01216540 % 8.88105900 % 1.66529640 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 89.29461670 % 8.97486543 % 1.69040720 %
BANKRUPTCY AMOUNT AVAILABLE 164,142.00
FRAUD AMOUNT AVAILABLE 2,495,950.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,495,950.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.77370200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 325.58
POOL TRADING FACTOR: 88.01825355
................................................................................
Run: 08/24/97 20:24:29 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 24,990,345.47 6.850000 % 3,101,461.53
A-I- 76110FBX0 26,945,000.00 19,273,054.11 11.000000 % 1,137,193.55
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 13,885,699.80 7.250000 % 310,278.06
A-II 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,805,639.69 0.000000 % 27,750.58
A-V 76110FGN7 0.00 0.00 0.770214 % 0.00
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 13,095,109.09 8.000000 % 23,790.03
M-2 76110FCN1 5,570,800.00 5,513,792.63 8.000000 % 10,016.97
M-3 76110FCP6 4,456,600.00 4,410,994.53 8.000000 % 8,013.50
B-1 76110FCR2 2,228,400.00 2,205,596.25 8.000000 % 4,006.93
B-2 76110FCS0 696,400.00 689,273.57 8.000000 % 0.00
B-3 76110FCT8 1,671,255.97 1,654,153.59 8.000000 % 0.00
STRI 0.00 0.00 0.114097 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 247,285,658.73 4,622,511.15
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 142,588.67 3,244,050.20 0.00 0.00 21,888,883.94
A-I-2 176,589.71 1,313,783.26 0.00 0.00 18,135,860.56
A-I-3 95,136.76 95,136.76 0.00 0.00 15,646,000.00
A-I-4 204,532.40 204,532.40 0.00 0.00 32,740,000.00
A-I-5 64,285.15 64,285.15 0.00 0.00 10,023,000.00
A-I-6 178,659.12 178,659.12 0.00 0.00 26,811,000.00
A-I-7 120,252.23 120,252.23 0.00 0.00 18,046,000.00
A-I-8 60,599.24 60,599.24 0.00 0.00 9,094,000.00
A-I-9 68,528.98 68,528.98 0.00 0.00 10,284,000.00
A-I-10 181,209.79 181,209.79 0.00 0.00 27,538,000.00
A-II-1 83,854.81 394,132.87 0.00 0.00 13,575,421.74
A-II-2 54,672.75 54,672.75 0.00 0.00 8,580,000.00
A-P 0.00 27,750.58 0.00 0.00 2,777,889.11
A-V 158,647.33 158,647.33 0.00 0.00 0.00
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 87,261.22 111,051.25 0.00 0.00 13,071,319.06
M-2 36,741.99 46,758.96 0.00 0.00 5,503,775.66
M-3 29,393.32 37,406.82 0.00 0.00 4,402,981.03
B-1 14,697.33 18,704.26 0.00 0.00 2,201,589.32
B-2 4,318.80 4,318.80 0.00 0.00 689,273.57
B-3 0.00 0.00 0.00 0.00 1,665,376.18
STRIP 14,510.02 14,510.02 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,776,479.62 6,398,990.77 0.00 0.00 242,674,370.17
===============================================================================
Run: 08/24/97 20:24:29
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- 544.285958 67.549365 3.105560 70.654925 0.000000 476.736593
A-I- 715.273858 42.204251 6.553710 48.757961 0.000000 673.069607
A-I- 1000.000000 0.000000 6.080580 6.080580 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.247172 6.247172 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.413763 6.413763 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663650 6.663650 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663650 6.663650 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663651 6.663651 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663650 6.663650 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.580354 6.580354 0.000000 1000.000000
A-II 866.718669 19.366960 5.234056 24.601016 0.000000 847.351710
A-II 1000.000000 0.000000 6.372115 6.372115 0.000000 1000.000000
A-P 923.017708 9.129567 0.000000 9.129567 0.000000 913.888141
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-1 989.766758 1.798120 6.595459 8.393579 0.000000 987.968638
M-2 989.766753 1.798121 6.595460 8.393581 0.000000 987.968633
M-3 989.766757 1.798120 6.595458 8.393578 0.000000 987.968638
B-1 989.766761 1.798120 6.595463 8.393583 0.000000 987.968641
B-2 989.766758 0.000000 6.201608 6.201608 0.000000 989.766758
B-3 989.766750 0.000000 0.000000 0.000000 0.000000 996.481813
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:24:29 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 50,916.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 47,312.58
MASTER SERVICER ADVANCES THIS MONTH 7,727.01
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,718,218.80
(B) TWO MONTHLY PAYMENTS: 6 838,303.33
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,304,016.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 242,674,370.17
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,386
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 975,411.38
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,302,764.14
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.71681320 % 9.30903000 % 1.83958240 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.52241820 % 9.46868667 % 1.89925210 %
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 9.00266600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 317.27
POOL TRADING FACTOR: 87.12502143
................................................................................
Run: 08/24/97 20:23:50 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 138,145,180.00 105,914,681.83 6.008440 % 4,421,186.31
R 973,833.13 2,744,191.39 0.000000 % 0.00
- -------------------------------------------------------------------------------
139,119,013.13 108,658,873.22 4,421,186.31
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 544,563.94 4,965,750.25 0.00 0.00 101,493,495.52
R 0.00 0.00 138,521.15 0.00 2,882,712.54
- -------------------------------------------------------------------------------
544,563.94 4,965,750.25 138,521.15 0.00 104,376,208.06
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 766.691113 32.003913 3.941968 35.945881 0.000000 734.687200
R 2817.927739 0.000000 0.000000 0.000000 142.243210 2960.170953
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:23:50 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 32,536.24
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 28,256.01
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 16 1,397,972.66
(B) TWO MONTHLY PAYMENTS: 4 1,191,832.15
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,125,635.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 104,376,208.06
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,062
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,124,081.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.47448940 % 2.52551060 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.23815170 % 2.76184830 %
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 8.14512050
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 289.45
POOL TRADING FACTOR: 75.02655871
................................................................................
Run: 08/24/97 20:24:30 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 16,912,352.17 9.500000 % 1,176,699.18
A-I- 76110FCV3 25,000,000.00 20,868,893.85 7.600000 % 700,881.78
A-I- 76110FCW1 12,373,000.00 5,890,542.64 6.650000 % 1,099,811.07
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 9,457,241.42 8.000000 % 49,276.03
A-II 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 1,074,726.78 0.000000 % 24,411.79
A-V 76110FGP2 0.00 0.00 0.878552 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,854,727.37 8.000000 % 6,877.86
M-2 76110FDK6 3,958,800.00 3,926,917.33 8.000000 % 3,438.54
M-3 76110FDL4 2,815,100.00 2,792,428.25 8.000000 % 2,445.14
B-1 76110FDM2 1,407,600.00 1,396,263.72 8.000000 % 1,222.62
B-2 76110FDN0 439,800.00 436,258.02 8.000000 % 382.00
B-3 76110FDP5 1,055,748.52 1,047,245.87 8.000000 % 917.00
- -------------------------------------------------------------------------------
175,944,527.21 156,517,597.42 3,066,363.01
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 133,841.92 1,310,541.10 0.00 0.00 15,735,652.99
A-I-2 132,122.74 833,004.52 0.00 0.00 20,168,012.07
A-I-3 32,631.83 1,132,442.90 0.00 0.00 4,790,731.57
A-I-4 44,063.52 44,063.52 0.00 0.00 7,100,000.00
A-I-5 64,178.21 64,178.21 0.00 0.00 10,137,000.00
A-I-6 36,114.18 36,114.18 0.00 0.00 5,558,000.00
A-I-7 112,799.94 112,799.94 0.00 0.00 16,926,000.00
A-I-8 45,877.04 45,877.04 0.00 0.00 6,884,000.00
A-I-9 74,833.43 74,833.43 0.00 0.00 11,229,000.00
A-I-10 149,953.42 149,953.42 0.00 0.00 22,501,000.00
A-II-1 63,025.90 112,301.93 0.00 0.00 9,407,965.39
A-II-2 30,155.96 30,155.96 0.00 0.00 4,525,000.00
A-P 0.00 24,411.79 0.00 0.00 1,050,314.99
A-V 114,550.07 114,550.07 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 52,346.26 59,224.12 0.00 0.00 7,847,849.51
M-2 26,170.16 29,608.70 0.00 0.00 3,923,478.79
M-3 18,609.58 21,054.72 0.00 0.00 2,789,983.11
B-1 9,305.12 10,527.74 0.00 0.00 1,395,041.10
B-2 2,907.36 3,289.36 0.00 0.00 435,876.02
B-3 6,979.16 7,896.16 0.00 0.00 1,046,328.85
- -------------------------------------------------------------------------------
1,150,465.80 4,216,828.81 0.00 0.00 153,451,234.39
===============================================================================
Run: 08/24/97 20:24:30
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- 709.172768 49.341629 5.612291 54.953920 0.000000 659.831139
A-I- 834.755754 28.035271 5.284910 33.320181 0.000000 806.720483
A-I- 476.080388 88.887988 2.637342 91.525330 0.000000 387.192400
A-I- 1000.000000 0.000000 6.206130 6.206130 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.331085 6.331085 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.497693 6.497693 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.664300 6.664300 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.664300 6.664300 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.664300 6.664300 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.664300 6.664300 0.000000 1000.000000
A-II 847.271226 4.414624 5.646470 10.061094 0.000000 842.856602
A-II 1000.000000 0.000000 6.664301 6.664301 0.000000 1000.000000
A-P 971.830626 22.074562 0.000000 22.074562 0.000000 949.756064
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 991.946375 0.868581 6.610628 7.479209 0.000000 991.077794
M-2 991.946380 0.868581 6.610629 7.479210 0.000000 991.077799
M-3 991.946378 0.868580 6.610628 7.479208 0.000000 991.077798
B-1 991.946377 0.868585 6.610628 7.479213 0.000000 991.077792
B-2 991.946385 0.868577 6.610641 7.479218 0.000000 991.077808
B-3 991.946330 0.868578 6.610627 7.479205 0.000000 991.077731
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:24:31 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 32,323.17
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 794.76
SUBSERVICER ADVANCES THIS MONTH 39,171.34
MASTER SERVICER ADVANCES THIS MONTH 336.66
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 3,723,127.84
(B) TWO MONTHLY PAYMENTS: 4 372,992.48
(C) THREE OR MORE MONTHLY PAYMENTS: 1 72,554.78
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 384,858.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 153,451,234.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,487
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 39,492.67
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,927,678.38
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.16199100 % 9.31146000 % 1.83990020 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.55744610 % 9.48921100 % 1.88794530 %
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 9.15040100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 323.81
POOL TRADING FACTOR: 87.21569055
................................................................................
Run: 08/24/97 20:24:31 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FDQ3 20,106,154.00 10,705,690.97 7.050000 % 2,219,106.16
A-I- 76110FDR1 43,322,483.00 34,392,043.26 6.048440 % 2,108,150.82
A-I- 76110FDS9 0.00 0.00 2.951560 % 0.00
A-I- 76110FDT7 13,330,948.00 13,330,948.00 7.125000 % 0.00
A-I- 76110FDU4 24,973,716.00 24,973,716.00 7.600000 % 0.00
A-I- 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I- 76110FDW0 1,000,000.00 1,000,000.00 7.700000 % 0.00
A-I- 76110FDX8 9,539,699.00 9,539,699.00 7.700000 % 0.00
A-I- 76110FDY6 22,526,000.00 22,526,000.00 8.000000 % 0.00
A-I- 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I- 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I- 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 18,765,749.63 8.000000 % 76,213.84
A-P 76110FED1 601,147.92 527,180.07 0.000000 % 1,883.56
A-V 76110FGQ0 0.00 0.00 0.818266 % 0.00
R-I 76110FEE9 100.00 0.00 8.000000 % 0.00
R-II 76110FEF6 100.00 0.00 8.000000 % 0.00
M-1 76110FEG4 9,114,600.00 9,055,394.53 8.000000 % 7,747.63
M-2 76110FEH2 5,126,400.00 5,093,100.58 8.000000 % 4,357.57
M-3 76110FEJ8 3,645,500.00 3,621,820.00 8.000000 % 3,098.76
B-1 1,822,700.00 1,810,860.33 8.000000 % 1,549.34
B-2 569,600.00 565,900.07 8.000000 % 484.17
B-3 1,366,716.75 1,357,839.00 8.000000 % 1,161.74
- -------------------------------------------------------------------------------
227,839,864.67 207,955,941.44 4,423,753.59
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 62,873.68 2,281,979.84 0.00 0.00 8,486,584.81
A-I-2 173,287.18 2,281,438.00 0.00 0.00 32,283,892.44
A-I-3 84,561.89 84,561.89 0.00 0.00 0.00
A-I-4 79,124.50 79,124.50 0.00 0.00 13,330,948.00
A-I-5 158,110.91 158,110.91 0.00 0.00 24,973,716.00
A-I-6 495.10 495.10 0.00 0.00 0.00
A-I-7 6,414.40 6,414.40 0.00 0.00 1,000,000.00
A-I-8 61,191.41 61,191.41 0.00 0.00 9,539,699.00
A-I-9 150,120.20 150,120.20 0.00 0.00 22,526,000.00
A-I-10 77,639.19 77,639.19 0.00 0.00 11,650,000.00
A-I-11 202,734.92 202,734.92 0.00 0.00 30,421,000.00
A-I-12 57,439.67 57,439.67 0.00 0.00 8,619,000.00
A-II 125,060.74 201,274.58 0.00 0.00 18,689,535.79
A-P 0.00 1,883.56 0.00 0.00 525,296.51
A-V 141,752.62 141,752.62 0.00 0.00 0.00
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 60,347.94 68,095.57 0.00 0.00 9,047,646.90
M-2 33,941.99 38,299.56 0.00 0.00 5,088,743.01
M-3 24,136.93 27,235.69 0.00 0.00 3,618,721.24
B-1 12,068.13 13,617.47 0.00 0.00 1,809,310.99
B-2 3,771.34 4,255.51 0.00 0.00 565,415.90
B-3 9,049.06 10,210.80 0.00 0.00 1,356,677.26
- -------------------------------------------------------------------------------
1,524,121.80 5,947,875.39 0.00 0.00 203,532,187.85
===============================================================================
Run: 08/24/97 20:24:31
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 532.458419 110.369500 3.127086 113.496586 0.000000 422.088919
A-I- 793.861314 48.661819 3.999936 52.661755 0.000000 745.199495
A-I- 1000.000000 0.000000 5.935399 5.935399 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.331093 6.331093 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.414400 6.414400 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.414396 6.414396 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.664308 6.664308 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.664308 6.664308 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.664308 6.664308 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.664308 6.664308 0.000000 1000.000000
A-II 933.433627 3.790979 6.220689 10.011668 0.000000 929.642648
A-P 876.955658 3.133265 0.000000 3.133265 0.000000 873.822393
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-1 993.504326 0.850024 6.621019 7.471043 0.000000 992.654302
M-2 993.504327 0.850025 6.621019 7.471044 0.000000 992.654301
M-3 993.504320 0.850023 6.621020 7.471043 0.000000 992.654297
B-1 993.504323 0.850025 6.621018 7.471043 0.000000 992.654299
B-2 993.504336 0.850018 6.621032 7.471050 0.000000 992.654319
B-3 993.504323 0.850023 6.621021 7.471044 0.000000 992.654298
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:24:32 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4228
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 43,025.37
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 883.05
SUBSERVICER ADVANCES THIS MONTH 48,392.29
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 4,798,622.40
(B) TWO MONTHLY PAYMENTS: 7 806,061.09
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 384,812.23
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 203,532,187.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,958
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,243,301.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.40540270 % 8.54523100 % 1.79586090 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.41586900 % 8.72349054 % 1.83806770 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,556,797.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,278,399.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.12598700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 326.67
POOL TRADING FACTOR: 89.33124506
................................................................................
Run: 08/24/97 20:23:56 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8 (POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FEK5 4,000,000.00 3,593,854.16 7.400000 % 47,322.16
A-2 76110FEL3 4,074,824.00 3,102,476.45 7.300000 % 113,293.25
A-3 76110FEM1 13,128,206.00 13,128,206.00 7.050000 % 0.00
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 10,500,000.00 7.400000 % 0.00
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 28,750,648.61 6.148440 % 329,611.47
A-8 76110FES8 0.00 0.00 2.851560 % 0.00
A-9 76110FET6 32,965,000.00 25,949,711.18 0.000000 % 817,387.66
A-10 76110FEU3 20,953,719.00 20,817,430.28 7.400000 % 15,879.70
A-11 76110FEV1 13,975,000.00 13,975,000.00 7.750000 % 0.00
A-12 76110FEW9 2,000,000.00 2,000,000.00 7.750000 % 0.00
A-13 76110FEX7 20,646,958.00 20,646,958.00 7.750000 % 0.00
A-14 76110FEY5 115,824.70 114,497.60 0.000000 % 177.91
A-15 76110FGR8 0.00 0.00 0.901151 % 0.00
R-I 76110FEZ2 100.00 0.00 7.750000 % 0.00
R-II 76110FFA6 100.00 0.00 7.750000 % 0.00
M-1 76110FFB4 6,661,000.00 6,628,332.20 7.750000 % 4,196.19
M-2 76110FFC2 4,440,700.00 4,418,921.30 7.750000 % 2,797.48
M-3 76110FFD0 3,108,500.00 3,093,254.86 7.750000 % 1,958.24
B-1 1,509,500.00 1,502,096.91 7.750000 % 950.93
B-2 444,000.00 441,822.49 7.750000 % 279.70
B-3 1,154,562.90 1,148,900.39 7.750000 % 727.37
- -------------------------------------------------------------------------------
177,623,205.60 166,177,758.43 1,334,582.06
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 22,157.43 69,479.59 0.00 0.00 3,546,532.00
A-2 18,869.42 132,162.67 0.00 0.00 2,989,183.20
A-3 77,111.96 77,111.96 0.00 0.00 13,128,206.00
A-4 22,899.82 22,899.82 0.00 0.00 3,765,148.00
A-5 64,736.35 64,736.35 0.00 0.00 10,500,000.00
A-6 16,033.04 16,033.04 0.00 0.00 2,600,500.00
A-7 147,278.66 476,890.13 0.00 0.00 28,421,037.14
A-8 68,305.77 68,305.77 0.00 0.00 0.00
A-9 158,784.24 976,171.90 0.00 0.00 25,132,323.52
A-10 128,347.10 144,226.80 0.00 0.00 20,801,550.58
A-11 90,236.19 90,236.19 0.00 0.00 13,975,000.00
A-12 12,913.95 12,913.95 0.00 0.00 2,000,000.00
A-13 133,316.84 133,316.84 0.00 0.00 20,646,958.00
A-14 0.00 177.91 0.00 0.00 114,319.69
A-15 124,766.42 124,766.42 0.00 0.00 0.00
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 42,798.96 46,995.15 0.00 0.00 6,624,136.01
M-2 28,532.86 31,330.34 0.00 0.00 4,416,123.82
M-3 19,973.06 21,931.30 0.00 0.00 3,091,296.62
B-1 9,699.00 10,649.93 0.00 0.00 1,501,145.98
B-2 2,852.84 3,132.54 0.00 0.00 441,542.79
B-3 7,418.42 8,145.79 0.00 0.00 1,148,173.02
- -------------------------------------------------------------------------------
1,197,032.33 2,531,614.39 0.00 0.00 164,843,176.37
===============================================================================
Run: 08/24/97 20:23:56
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8 (POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 898.463540 11.830539 5.539358 17.369897 0.000000 886.633001
A-2 761.376798 27.803226 4.630733 32.433959 0.000000 733.573572
A-3 1000.000000 0.000000 5.873762 5.873762 0.000000 1000.000000
A-4 1000.000000 0.000000 6.082050 6.082050 0.000000 1000.000000
A-5 1000.000000 0.000000 6.165367 6.165367 0.000000 1000.000000
A-6 1000.000000 0.000000 6.165368 6.165368 0.000000 1000.000000
A-7 910.419457 10.437493 4.663733 15.101226 0.000000 899.981964
A-9 787.189782 24.795621 4.816752 29.612373 0.000000 762.394161
A-10 993.495726 0.757846 6.125266 6.883112 0.000000 992.737880
A-11 1000.000000 0.000000 6.456972 6.456972 0.000000 1000.000000
A-12 1000.000000 0.000000 6.456975 6.456975 0.000000 1000.000000
A-13 1000.000000 0.000000 6.456972 6.456972 0.000000 1000.000000
A-14 988.542168 1.536028 0.000000 1.536028 0.000000 987.006140
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-1 995.095661 0.629964 6.425306 7.055270 0.000000 994.465697
M-2 995.095661 0.629964 6.425307 7.055271 0.000000 994.465697
M-3 995.095660 0.629963 6.425305 7.055268 0.000000 994.465697
B-1 995.095667 0.629964 6.425306 7.055270 0.000000 994.465704
B-2 995.095698 0.629955 6.425315 7.055270 0.000000 994.465743
B-3 995.095538 0.629961 6.425306 7.055267 0.000000 994.465539
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:23:57 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS8 (POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4231
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 34,564.97
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,028.18
SUBSERVICER ADVANCES THIS MONTH 55,922.06
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 57 5,667,549.44
(B) TWO MONTHLY PAYMENTS: 4 272,527.19
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 1,091,185.82
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 164,843,176.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,544
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 1,229,321.48
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.62243180 % 8.51513400 % 1.86243470 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.54499010 % 8.57272758 % 1.87633290 %
BANKRUPTCY AMOUNT AVAILABLE 158,130.00
FRAUD AMOUNT AVAILABLE 3,552,464.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,776,232.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.97532235
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.75
POOL TRADING FACTOR: 92.80497771
................................................................................
Run: 08/24/97 20:24:02 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1 (POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4237
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FFE8 33,258,000.00 24,795,508.84 6.750000 % 1,133,013.95
A-2 76110FFF5 10,146,000.00 8,154,825.56 6.750000 % 266,591.53
A-3 76110FFG3 24,816,000.00 24,816,000.00 6.750000 % 0.00
A-4 76110FFH1 15,938,000.00 15,938,000.00 6.750000 % 0.00
A-5 76110FFJ7 10,253,000.00 10,253,000.00 6.750000 % 0.00
A-6 76110FFK4 31,511,646.00 29,271,574.88 11.000000 % 299,915.45
A-7 76110FFL2 17,652,000.00 17,652,000.00 6.750000 % 0.00
A-8 76110FFM0 5,655,589.00 5,655,589.00 6.750000 % 0.00
A-9 76110FFN8 19,068,000.00 19,068,000.00 6.750000 % 0.00
A-10 76110FFP3 10,267,765.00 10,267,765.00 6.750000 % 0.00
A-11 76110FFQ1 47,506,000.00 47,506,000.00 7.500000 % 0.00
A-12 76110FFR9 212,947.62 211,710.18 0.000000 % 244.61
A-13 76110FFS7 0.00 0.00 0.967291 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,348,917.73 7.500000 % 5,824.92
M-2 76110FFW8 6,251,000.00 6,232,279.48 7.500000 % 3,883.07
M-3 76110FFW8 4,375,700.00 4,362,595.64 7.500000 % 2,718.15
B-1 1,624,900.00 1,620,033.75 7.500000 % 1,009.38
B-2 624,800.00 622,928.84 7.500000 % 388.12
B-3 1,500,282.64 1,495,789.56 7.500000 % 931.95
- -------------------------------------------------------------------------------
250,038,730.26 237,272,518.46 1,714,521.13
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 139,439.36 1,272,453.31 0.00 0.00 23,662,494.89
A-2 45,859.25 312,450.78 0.00 0.00 7,888,234.03
A-3 139,554.59 139,554.59 0.00 0.00 24,816,000.00
A-4 89,628.51 89,628.51 0.00 0.00 15,938,000.00
A-5 57,658.50 57,658.50 0.00 0.00 10,253,000.00
A-6 268,254.70 568,170.15 0.00 0.00 28,971,659.43
A-7 99,267.31 99,267.31 0.00 0.00 17,652,000.00
A-8 31,804.62 31,804.62 0.00 0.00 5,655,589.00
A-9 107,230.29 107,230.29 0.00 0.00 19,068,000.00
A-10 57,741.53 57,741.53 0.00 0.00 10,267,765.00
A-11 296,837.18 296,837.18 0.00 0.00 47,506,000.00
A-12 0.00 244.61 0.00 0.00 211,465.57
A-13 191,211.20 191,211.20 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 58,415.92 64,240.84 0.00 0.00 9,343,092.81
M-2 38,941.87 42,824.94 0.00 0.00 6,228,396.41
M-3 27,259.30 29,977.45 0.00 0.00 4,359,877.49
B-1 10,122.64 11,132.02 0.00 0.00 1,619,024.37
B-2 3,892.32 4,280.44 0.00 0.00 622,540.72
B-3 9,346.31 10,278.26 0.00 0.00 1,494,857.61
- -------------------------------------------------------------------------------
1,672,465.40 3,386,986.53 0.00 0.00 235,557,997.33
===============================================================================
Run: 08/24/97 20:24:02
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1 (POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4237
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 745.550209 34.067411 4.192656 38.260067 0.000000 711.482798
A-2 803.747838 26.275530 4.519934 30.795464 0.000000 777.472307
A-3 1000.000000 0.000000 5.623573 5.623573 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623573 5.623573 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623574 5.623574 0.000000 1000.000000
A-6 928.912913 9.517607 8.512875 18.030482 0.000000 919.395306
A-7 1000.000000 0.000000 5.623573 5.623573 0.000000 1000.000000
A-8 1000.000000 0.000000 5.623573 5.623573 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623573 5.623573 0.000000 1000.000000
A-10 1000.000000 0.000000 5.623573 5.623573 0.000000 1000.000000
A-11 1000.000000 0.000000 6.248415 6.248415 0.000000 1000.000000
A-12 994.188994 1.148686 0.000000 1.148686 0.000000 993.040307
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.005197 0.621192 6.229702 6.850894 0.000000 996.384005
M-2 997.005196 0.621192 6.229702 6.850894 0.000000 996.384004
M-3 997.005197 0.621192 6.229700 6.850892 0.000000 996.384005
B-1 997.005200 0.621195 6.229700 6.850895 0.000000 996.384005
B-2 997.005186 0.621191 6.229706 6.850897 0.000000 996.383995
B-3 997.005178 0.621190 6.229699 6.850889 0.000000 996.383995
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:24:03 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS1 (POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4237
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 49,803.27
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 14,653.35
SUBSERVICER ADVANCES THIS MONTH 38,881.77
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 3,897,621.55
(B) TWO MONTHLY PAYMENTS: 7 752,663.67
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 356,647.27
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 235,557,997.33
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,171
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 1,566,609.09
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.00992820 % 8.41294400 % 1.57712790 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.94342970 % 8.46134155 % 1.58762600 %
BANKRUPTCY AMOUNT AVAILABLE 182,005.00
FRAUD AMOUNT AVAILABLE 5,000,775.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,500,387.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.79086096
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.55
POOL TRADING FACTOR: 94.20860404
................................................................................
Run: 08/24/97 20:24:06 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS2 (POOL # 4240)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4240
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FFY4 31,108,570.00 28,793,413.76 9.000000 % 471,570.86
A-2 76110FFZ1 37,000,000.00 32,007,996.91 7.250000 % 1,016,813.96
A-3 76110FGA5 5,200,000.00 5,200,000.00 7.250000 % 0.00
A-4 76110FGB3 18,200,000.00 18,200,000.00 7.250000 % 0.00
A-5 76110FGC1 10,000,000.00 9,204,112.13 7.250000 % 162,113.26
A-6 76110FGD9 7,371,430.00 7,371,430.00 7.250000 % 0.00
A-7 76110FGE7 10,400,783.00 10,400,783.00 7.750000 % 0.00
A-8 76110FGF4 31,000,000.00 31,000,000.00 7.750000 % 0.00
A-9 76110FGG2 130,561.76 129,225.05 0.000000 % 166.87
A-10 76110FGH0 0.00 0.00 0.740200 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,920,267.62 7.750000 % 2,853.27
M-2 76110FGL1 4,109,600.00 4,100,156.49 7.750000 % 2,377.68
M-3 76110FGM9 2,630,200.00 2,624,156.03 7.750000 % 1,521.75
B-1 1,068,500.00 1,066,044.68 7.750000 % 618.20
B-2 410,900.00 409,955.79 7.750000 % 237.73
B-3 821,738.81 819,850.53 7.750000 % 475.43
- -------------------------------------------------------------------------------
164,383,983.57 156,247,391.99 1,658,749.01
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 215,900.14 687,471.00 0.00 0.00 28,321,842.90
A-2 193,336.46 1,210,150.42 0.00 0.00 30,991,182.95
A-3 31,409.33 31,409.33 0.00 0.00 5,200,000.00
A-4 109,932.63 109,932.63 0.00 0.00 18,200,000.00
A-5 55,595.19 217,708.45 0.00 0.00 9,041,998.87
A-6 44,525.31 44,525.31 0.00 0.00 7,371,430.00
A-7 67,156.02 67,156.02 0.00 0.00 10,400,783.00
A-8 200,161.54 200,161.54 0.00 0.00 31,000,000.00
A-9 0.00 166.87 0.00 0.00 129,058.18
A-10 96,356.02 96,356.02 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,769.30 34,622.57 0.00 0.00 4,917,414.35
M-2 26,473.99 28,851.67 0.00 0.00 4,097,778.81
M-3 16,943.71 18,465.46 0.00 0.00 2,622,634.28
B-1 6,883.26 7,501.46 0.00 0.00 1,065,426.48
B-2 2,647.01 2,884.74 0.00 0.00 409,718.06
B-3 5,293.63 5,769.06 0.00 0.00 819,375.10
- -------------------------------------------------------------------------------
1,104,383.54 2,763,132.55 0.00 0.00 154,588,642.98
===============================================================================
Run: 08/24/97 20:24:06
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS2 (POOL # 4240)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4240
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 925.578185 15.158873 6.940214 22.099087 0.000000 910.419312
A-2 865.080998 27.481458 5.225310 32.706768 0.000000 837.599539
A-3 1000.000000 0.000000 6.040256 6.040256 0.000000 1000.000000
A-4 1000.000000 0.000000 6.040254 6.040254 0.000000 1000.000000
A-5 920.411213 16.211326 5.559519 21.770845 0.000000 904.199887
A-6 1000.000000 0.000000 6.040254 6.040254 0.000000 1000.000000
A-7 1000.000000 0.000000 6.456823 6.456823 0.000000 1000.000000
A-8 1000.000000 0.000000 6.456824 6.456824 0.000000 1000.000000
A-9 989.761857 1.278092 0.000000 1.278092 0.000000 988.483764
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.702089 0.578569 6.441986 7.020555 0.000000 997.123520
M-2 997.702085 0.578567 6.441987 7.020554 0.000000 997.123518
M-3 997.702087 0.578568 6.441985 7.020553 0.000000 997.123519
B-1 997.702087 0.578568 6.441984 7.020552 0.000000 997.123519
B-2 997.702093 0.578559 6.441981 7.020540 0.000000 997.123534
B-3 997.702092 0.578566 6.441986 7.020552 0.000000 997.123526
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:24:07 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS2 (POOL # 4240)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4240
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 32,556.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,778.97
SUBSERVICER ADVANCES THIS MONTH 36,763.89
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 3,343,817.77
(B) TWO MONTHLY PAYMENTS: 8 1,064,399.52
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 358,136.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 154,588,642.98
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,453
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 1,568,120.82
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.07059000 % 7.45882500 % 1.47058540 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.97994010 % 7.52825513 % 1.48551460 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,931,520.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,900,600.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81057939
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.52
POOL TRADING FACTOR: 94.04118310
................................................................................
Run: 08/24/97 20:24:08 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FGS6 32,109,000.00 28,607,463.48 7.250000 % 1,550,955.40
A-2 76110FGT4 26,579,000.00 26,579,000.00 7.500000 % 0.00
A-3 76110FGU1 16,821,000.00 16,821,000.00 7.500000 % 0.00
A-4 76110FGV9 23,490,000.00 23,490,000.00 7.750000 % 0.00
A-5 76110FGW7 7,138,000.00 7,138,000.00 7.750000 % 0.00
A-6 76110FGX5 1,000,000.00 1,000,000.00 7.750000 % 0.00
A-7 76110FGY3 15,374,000.00 14,373,560.99 9.500000 % 443,130.11
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 107,059.08 0.000000 % 1,164.13
A-10 76110FHB2 0.00 0.00 0.746912 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,337,407.71 7.750000 % 3,293.91
M-2 76110FHE6 4,112,900.00 4,105,751.99 7.750000 % 2,533.81
M-3 76110FHF3 2,632,200.00 2,627,625.37 7.750000 % 1,621.60
B-1 1,069,400.00 1,067,541.44 7.750000 % 658.82
B-2 411,200.00 410,485.36 7.750000 % 253.33
B-3 823,585.68 822,154.30 7.750000 % 507.38
- -------------------------------------------------------------------------------
164,514,437.18 159,987,049.72 2,004,118.49
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 172,782.67 1,723,738.07 0.00 0.00 27,056,508.08
A-2 166,066.76 166,066.76 0.00 0.00 26,579,000.00
A-3 105,098.35 105,098.35 0.00 0.00 16,821,000.00
A-4 151,658.77 151,658.77 0.00 0.00 23,490,000.00
A-5 46,085.15 46,085.15 0.00 0.00 7,138,000.00
A-6 6,456.31 6,456.31 0.00 0.00 1,000,000.00
A-7 113,755.08 556,885.19 0.00 0.00 13,930,430.88
A-8 177,548.58 177,548.58 0.00 0.00 27,500,000.00
A-9 0.00 1,164.13 0.00 0.00 105,894.95
A-10 99,549.00 99,549.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 34,459.97 37,753.88 0.00 0.00 5,334,113.80
M-2 26,508.01 29,041.82 0.00 0.00 4,103,218.18
M-3 16,964.77 18,586.37 0.00 0.00 2,626,003.77
B-1 6,892.38 7,551.20 0.00 0.00 1,066,882.62
B-2 2,650.22 2,903.55 0.00 0.00 410,232.03
B-3 5,308.09 5,815.47 0.00 0.00 821,646.92
- -------------------------------------------------------------------------------
1,131,784.11 3,135,902.60 0.00 0.00 157,982,931.23
===============================================================================
Run: 08/24/97 20:24:08
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 890.948441 48.302825 5.381129 53.683954 0.000000 842.645616
A-2 1000.000000 0.000000 6.248044 6.248044 0.000000 1000.000000
A-3 1000.000000 0.000000 6.248044 6.248044 0.000000 1000.000000
A-4 1000.000000 0.000000 6.456312 6.456312 0.000000 1000.000000
A-5 1000.000000 0.000000 6.456311 6.456311 0.000000 1000.000000
A-6 1000.000000 0.000000 6.456310 6.456310 0.000000 1000.000000
A-7 934.926564 28.823346 7.399186 36.222532 0.000000 906.103218
A-8 1000.000000 0.000000 6.456312 6.456312 0.000000 1000.000000
A-9 997.276051 10.844096 0.000000 10.844096 0.000000 986.431955
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.262051 0.616064 6.445091 7.061155 0.000000 997.645987
M-2 998.262051 0.616064 6.445090 7.061154 0.000000 997.645987
M-3 998.262051 0.616063 6.445092 7.061155 0.000000 997.645988
B-1 998.262053 0.616065 6.445091 7.061156 0.000000 997.645988
B-2 998.262062 0.616075 6.445088 7.061163 0.000000 997.645987
B-3 998.262014 0.616062 6.445097 7.061159 0.000000 997.645957
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:24:09 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 33,198.07
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,540.96
SUBSERVICER ADVANCES THIS MONTH 20,398.44
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 2,473,463.88
(B) TWO MONTHLY PAYMENTS: 1 35,062.49
(C) THREE OR MORE MONTHLY PAYMENTS: 1 132,750.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 157,982,931.23
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,449
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 1,905,374.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.01140420 % 7.54990400 % 1.43869230 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.90298520 % 7.63584753 % 1.45604560 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,935,433.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,650,000.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81879859
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.40
POOL TRADING FACTOR: 96.02982810
................................................................................
Run: 08/24/97 20:24:12 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FHK2 43,231,010.00 41,592,696.69 7.250000 % 1,276,822.80
A-2 76110FHL0 35,775,000.00 35,775,000.00 7.250000 % 0.00
A-3 76110FHM8 22,398,546.00 22,398,546.00 7.250000 % 0.00
A-4 76110FHN6 24,498,244.00 24,134,174.42 10.000000 % 283,738.37
A-5 76110FHP1 17,675,100.00 17,675,100.00 7.500000 % 0.00
A-6 76110FHQ9 7,150,100.00 7,150,100.00 7.750000 % 0.00
A-7 76110FHR7 52,000,000.00 52,000,000.00 7.750000 % 0.00
A-8 76110FHS5 155,284.33 155,041.06 0.000000 % 140.90
A-9 76110FHT3 0.00 0.00 0.759521 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,178,253.80 7.750000 % 4,243.87
M-2 76110FHW6 4,975,300.00 4,969,521.90 7.750000 % 2,938.04
M-3 76110FHX4 3,316,900.00 3,313,047.90 7.750000 % 1,958.71
B-1 1,216,200.00 1,214,787.56 7.750000 % 718.20
B-2 552,900.00 552,257.89 7.750000 % 326.50
B-3 995,114.30 993,958.60 7.750000 % 587.63
- -------------------------------------------------------------------------------
221,126,398.63 219,102,485.82 1,571,475.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 251,216.72 1,528,039.52 0.00 0.00 40,315,873.89
A-2 216,078.28 216,078.28 0.00 0.00 35,775,000.00
A-3 135,285.51 135,285.51 0.00 0.00 22,398,546.00
A-4 201,060.11 484,798.48 0.00 0.00 23,850,436.05
A-5 110,437.51 110,437.51 0.00 0.00 17,675,100.00
A-6 46,164.41 46,164.41 0.00 0.00 7,150,100.00
A-7 335,736.46 335,736.46 0.00 0.00 52,000,000.00
A-8 0.00 140.90 0.00 0.00 154,900.16
A-9 138,637.39 138,637.39 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,346.19 50,590.06 0.00 0.00 7,174,009.93
M-2 32,085.57 35,023.61 0.00 0.00 4,966,583.86
M-3 21,390.60 23,349.31 0.00 0.00 3,311,089.19
B-1 7,843.24 8,561.44 0.00 0.00 1,214,069.36
B-2 3,565.64 3,892.14 0.00 0.00 551,931.39
B-3 6,417.47 7,005.10 0.00 0.00 993,370.97
- -------------------------------------------------------------------------------
1,552,265.10 3,123,740.12 0.00 0.00 217,531,010.80
===============================================================================
Run: 08/24/97 20:24:12
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 962.103284 29.534882 5.811031 35.345913 0.000000 932.568402
A-2 1000.000000 0.000000 6.039924 6.039924 0.000000 1000.000000
A-3 1000.000000 0.000000 6.039924 6.039924 0.000000 1000.000000
A-4 985.138952 11.581988 8.207123 19.789111 0.000000 973.556964
A-5 1000.000000 0.000000 6.248197 6.248197 0.000000 1000.000000
A-6 1000.000000 0.000000 6.456471 6.456471 0.000000 1000.000000
A-7 1000.000000 0.000000 6.456470 6.456470 0.000000 1000.000000
A-8 998.433390 0.907368 0.000000 0.907368 0.000000 997.526022
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.838644 0.590525 6.448973 7.039498 0.000000 998.248119
M-2 998.838643 0.590525 6.448972 7.039497 0.000000 998.248118
M-3 998.838645 0.590524 6.448973 7.039497 0.000000 998.248120
B-1 998.838645 0.590528 6.448972 7.039500 0.000000 998.248117
B-2 998.838651 0.590523 6.448978 7.039501 0.000000 998.248128
B-3 998.838626 0.590525 6.448978 7.039503 0.000000 998.248108
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:24:12 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4247
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 45,627.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 11,488.23
SUBSERVICER ADVANCES THIS MONTH 54,149.14
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 5,795,104.53
(B) TWO MONTHLY PAYMENTS: 7 1,170,797.38
(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 217,531,010.80
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,953
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 1,441,915.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.67753350 % 7.06143100 % 1.26103510 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.62232930 % 7.10320930 % 1.26939970 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 6,633,792.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,211,264.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.83114158
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.47
POOL TRADING FACTOR: 98.37405762
................................................................................
Run: 08/24/97 20:24:13 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS5 (POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4248
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FHZ9 33,300,000.00 32,774,544.92 7.250000 % 1,515,868.63
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 29,759,863.35 10.000000 % 568,450.73
A-4 76110FJC8 24,000,000.00 24,000,000.00 7.250000 % 0.00
A-5 76110FJD6 11,785,091.00 11,785,091.00 7.250000 % 0.00
A-6 76110FJE4 18,143,000.00 18,143,000.00 8.000000 % 0.00
A-7 76110FJF1 4,767,000.00 4,767,000.00 8.000000 % 0.00
A-8 76110FJG9 0.00 0.00 0.750000 % 0.00
A-9 76110FJH7 42,917,000.00 42,917,000.00 7.250000 % 0.00
A-10 76110FJJ3 340,158.57 339,823.62 0.000000 % 351.94
A-11 76110FJK0 0.00 0.00 0.643304 % 0.00
R-I 76110FJL8 100.00 0.00 8.000000 % 0.00
R-II 76110FJM6 100.00 0.00 8.000000 % 0.00
M-1 76110FJN4 6,730,000.00 6,726,217.51 8.000000 % 3,811.39
M-2 76110FJP9 4,330,000.00 4,327,566.39 8.000000 % 2,452.20
M-3 76110FJQ7 2,886,000.00 2,884,377.97 8.000000 % 1,634.42
B-1 1,058,000.00 1,057,405.37 8.000000 % 599.18
B-2 481,000.00 480,729.66 8.000000 % 272.40
B-3 866,066.26 865,579.52 8.000000 % 490.48
- -------------------------------------------------------------------------------
192,360,424.83 191,628,199.31 2,093,931.37
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 197,939.61 1,713,808.24 0.00 0.00 31,258,676.29
A-2 65,225.86 65,225.86 0.00 0.00 10,800,000.00
A-3 247,907.10 816,357.83 0.00 0.00 29,191,412.62
A-4 144,946.35 144,946.35 0.00 0.00 24,000,000.00
A-5 71,175.25 71,175.25 0.00 0.00 11,785,091.00
A-6 120,908.58 120,908.58 0.00 0.00 18,143,000.00
A-7 31,768.24 31,768.24 0.00 0.00 4,767,000.00
A-8 26,813.21 26,813.21 0.00 0.00 0.00
A-9 259,194.27 259,194.27 0.00 0.00 42,917,000.00
A-10 0.00 351.94 0.00 0.00 339,471.68
A-11 102,691.25 102,691.25 0.00 0.00 0.00
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 44,824.86 48,636.25 0.00 0.00 6,722,406.12
M-2 28,839.77 31,291.97 0.00 0.00 4,325,114.19
M-3 19,222.08 20,856.50 0.00 0.00 2,882,743.55
B-1 7,046.76 7,645.94 0.00 0.00 1,056,806.19
B-2 3,203.67 3,476.07 0.00 0.00 480,457.26
B-3 5,768.39 6,258.87 0.00 0.00 865,089.04
- -------------------------------------------------------------------------------
1,377,475.25 3,471,406.62 0.00 0.00 189,534,267.94
===============================================================================
Run: 08/24/97 20:24:13
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS5 (POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4248
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 984.220568 45.521580 5.944132 51.465712 0.000000 938.698988
A-2 1000.000000 0.000000 6.039431 6.039431 0.000000 1000.000000
A-3 993.422364 18.975614 8.275457 27.251071 0.000000 974.446750
A-4 1000.000000 0.000000 6.039431 6.039431 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039432 6.039432 0.000000 1000.000000
A-6 1000.000000 0.000000 6.664200 6.664200 0.000000 1000.000000
A-7 1000.000000 0.000000 6.664200 6.664200 0.000000 1000.000000
A-9 1000.000000 0.000000 6.039431 6.039431 0.000000 1000.000000
A-10 999.015312 1.034635 0.000000 1.034635 0.000000 997.980677
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-1 999.437966 0.566328 6.660455 7.226783 0.000000 998.871637
M-2 999.437965 0.566328 6.660455 7.226783 0.000000 998.871637
M-3 999.437966 0.566327 6.660457 7.226784 0.000000 998.871639
B-1 999.437968 0.566333 6.660454 7.226787 0.000000 998.871635
B-2 999.437963 0.566320 6.660437 7.226757 0.000000 998.871642
B-3 999.437988 0.566285 6.660449 7.226734 0.000000 998.871661
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:24:14 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS5 (POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4248
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 39,780.97
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,027.41
SUBSERVICER ADVANCES THIS MONTH 28,540.12
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 3,355,801.76
(B) TWO MONTHLY PAYMENTS: 2 235,050.00
(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 189,534,267.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,747
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 1,985,269.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.45694220 % 7.28646600 % 1.25659210 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.36730150 % 7.34973365 % 1.26977730 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 5,770,813.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,923,604.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.95642428
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 357.09
POOL TRADING FACTOR: 98.53080128
................................................................................
Run: 08/24/97 20:24:14 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4249
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FJR5 42,946,000.00 42,300,376.80 7.500000 % 707,460.62
A-2 76110FJS3 15,683,000.00 15,683,000.00 7.500000 % 0.00
A-3 76110FJT1 18,746,000.00 18,746,000.00 7.500000 % 0.00
A-4 76110FJU8 2,046,000.00 2,046,000.00 7.500000 % 0.00
A-5 76110FJV6 21,277,000.00 21,214,861.06 7.500000 % 60,478.52
A-6 76110FJW4 164,986.80 164,443.00 0.000000 % 561.21
A-7 76110FJX2 0.00 0.00 0.740371 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,646,646.82 7.500000 % 7,544.96
M-2 76110FKA0 1,061,700.00 1,058,598.90 7.500000 % 3,017.81
M-3 76110FKB8 690,100.00 688,084.30 7.500000 % 1,961.56
B-1 371,600.00 370,514.60 7.500000 % 1,056.25
B-2 159,300.00 158,834.70 7.500000 % 452.80
B-3 372,446.48 371,358.62 7.500000 % 1,058.67
- -------------------------------------------------------------------------------
106,172,633.28 105,448,718.80 783,592.40
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 264,028.91 971,489.53 0.00 0.00 41,592,916.18
A-2 97,889.56 97,889.56 0.00 0.00 15,683,000.00
A-3 117,008.08 117,008.08 0.00 0.00 18,746,000.00
A-4 12,770.65 12,770.65 0.00 0.00 2,046,000.00
A-5 132,418.12 192,896.64 0.00 0.00 21,154,382.54
A-6 0.00 561.21 0.00 0.00 163,881.79
A-7 64,973.57 64,973.57 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,519.74 24,064.70 0.00 0.00 2,639,101.86
M-2 6,607.52 9,625.33 0.00 0.00 1,055,581.09
M-3 4,294.86 6,256.42 0.00 0.00 686,122.74
B-1 2,312.67 3,368.92 0.00 0.00 369,458.35
B-2 991.41 1,444.21 0.00 0.00 158,381.90
B-3 2,317.93 3,376.60 0.00 0.00 370,299.95
- -------------------------------------------------------------------------------
722,133.02 1,505,725.42 0.00 0.00 104,665,126.40
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 984.966628 16.473260 6.147928 22.621188 0.000000 968.493368
A-2 1000.000000 0.000000 6.241762 6.241762 0.000000 1000.000000
A-3 1000.000000 0.000000 6.241763 6.241763 0.000000 1000.000000
A-4 1000.000000 0.000000 6.241764 6.241764 0.000000 1000.000000
A-5 997.079525 2.842436 6.223533 9.065969 0.000000 994.237089
A-6 996.703979 3.401545 0.000000 3.401545 0.000000 993.302434
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.079121 2.842435 6.223531 9.065966 0.000000 994.236686
M-2 997.079118 2.842432 6.223528 9.065960 0.000000 994.236686
M-3 997.079119 2.842429 6.223533 9.065962 0.000000 994.236690
B-1 997.079117 2.842438 6.223547 9.065985 0.000000 994.236679
B-2 997.079096 2.842436 6.223540 9.065976 0.000000 994.236660
B-3 997.079151 2.842449 6.223525 9.065974 0.000000 994.236675
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:24:15 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4249
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 21,969.06
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,253.25
SUBSERVICER ADVANCES THIS MONTH 10,591.31
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 14 846,797.41
(B) TWO MONTHLY PAYMENTS: 3 229,748.68
(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 104,665,126.40
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,272
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 482,911.17
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.97167270 % 4.17282600 % 0.85550090 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.94843730 % 4.18554474 % 0.85945410 %
BANKRUPTCY AMOUNT AVAILABLE 154,147.00
FRAUD AMOUNT AVAILABLE 2,123,453.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,894,825.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.55798709
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 173.55
POOL TRADING FACTOR: 98.58013611
................................................................................
Run: 08/24/97 20:24:19 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS7 (POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4255
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FKC6 82,491,000.00 82,491,000.00 7.500000 % 894,807.48
A-2 76110FKD4 20,984,000.00 20,984,000.00 7.500000 % 0.00
A-3 76110FKE2 11,000,000.00 11,000,000.00 7.500000 % 0.00
A-4 76110FKF9 4,000,000.00 4,000,000.00 7.500000 % 0.00
A-5 76110FKG7 17,500,000.00 17,500,000.00 7.750000 % 0.00
A-6 76110FKH5 17,500,000.00 17,500,000.00 7.250000 % 0.00
A-7 76110FKJ1 21,925,000.00 21,925,000.00 9.500000 % 127,829.64
A-8 76110FKP7 156,262.27 156,262.27 0.000000 % 122.38
A-9 76110FKQ5 0.00 0.00 0.788952 % 0.00
R 76110FKK8 100.00 100.00 7.750000 % 100.00
M-1 76110FKL6 6,697,000.00 6,697,000.00 7.750000 % 3,825.47
M-2 76110FKM4 3,827,000.00 3,827,000.00 7.750000 % 2,186.07
M-3 76110FKN2 2,870,200.00 2,870,200.00 7.750000 % 1,639.52
B-1 1,052,400.00 1,052,400.00 7.750000 % 601.15
B-2 478,400.00 478,400.00 7.750000 % 273.27
B-3 861,188.35 861,188.35 7.750000 % 491.93
- -------------------------------------------------------------------------------
191,342,550.62 191,342,550.62 1,031,876.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 515,507.96 1,410,315.44 0.00 0.00 81,596,192.52
A-2 131,134.54 131,134.54 0.00 0.00 20,984,000.00
A-3 68,741.89 68,741.89 0.00 0.00 11,000,000.00
A-4 24,997.05 24,997.05 0.00 0.00 4,000,000.00
A-5 113,007.50 113,007.50 0.00 0.00 17,500,000.00
A-6 105,716.70 105,716.70 0.00 0.00 17,500,000.00
A-7 173,552.45 301,382.09 0.00 0.00 21,797,170.36
A-8 0.00 122.38 0.00 0.00 156,139.89
A-9 125,785.21 125,785.21 0.00 0.00 0.00
R 0.65 100.65 0.00 0.00 0.00
M-1 43,246.36 47,071.83 0.00 0.00 6,693,174.53
M-2 24,713.13 26,899.20 0.00 0.00 3,824,813.93
M-3 18,534.52 20,174.04 0.00 0.00 2,868,560.48
B-1 6,795.95 7,397.10 0.00 0.00 1,051,798.85
B-2 3,089.31 3,362.58 0.00 0.00 478,126.73
B-3 5,561.18 6,053.11 0.00 0.00 860,696.42
- -------------------------------------------------------------------------------
1,360,384.40 2,392,261.31 0.00 0.00 190,310,673.71
===============================================================================
Run: 08/24/97 20:24:19
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS7 (POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4255
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 10.847335 6.249263 17.096598 0.000000 989.152665
A-2 1000.000000 0.000000 6.249263 6.249263 0.000000 1000.000000
A-3 1000.000000 0.000000 6.249263 6.249263 0.000000 1000.000000
A-4 1000.000000 0.000000 6.249263 6.249263 0.000000 1000.000000
A-5 1000.000000 0.000000 6.457571 6.457571 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040954 6.040954 0.000000 1000.000000
A-7 1000.000000 5.830314 7.915733 13.746047 0.000000 994.169686
A-8 1000.000000 0.783170 0.000000 0.783170 0.000000 999.216830
R 1000.000000 1000.00000 6.500000 1006.500000 0.000000 0.000000
M-1 1000.000000 0.571221 6.457572 7.028793 0.000000 999.428779
M-2 1000.000000 0.571223 6.457573 7.028796 0.000000 999.428777
M-3 1000.000000 0.571222 6.457571 7.028793 0.000000 999.428779
B-1 1000.000000 0.571218 6.457573 7.028791 0.000000 999.428782
B-2 1000.000000 0.571217 6.457588 7.028805 0.000000 999.428783
B-3 1000.000000 0.571222 6.457565 7.028787 0.000000 999.428778
_______________________________________________________________________________
DETERMINATION DATE 20-August-97
DISTRIBUTION DATE 25-August-97
Run: 08/24/97 20:24:20 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS7 (POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4255
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 39,885.32
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 11,467.85
SUBSERVICER ADVANCES THIS MONTH 8,784.28
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 9 1,114,481.07
(B) TWO MONTHLY PAYMENTS: 0 0.00
(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 190,310,673.71
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,697
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 922,553.98
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.74303320 % 7.00583700 % 1.25112970 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.70297410 % 7.03405052 % 1.25719960 %
BANKRUPTCY AMOUNT AVAILABLE 200,000.00
FRAUD AMOUNT AVAILABLE 5,740,277.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,913,425.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.85835269
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 0.00
POOL TRADING FACTOR: 99.46071749
................................................................................
