SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
November 25, 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 November 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
1997-QS8 RALI
1997-QS9 RALI
1997-QS10 RALI
1997-QS11 RALI
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) See Item 5.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the
registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly
authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
and Treasurer
Dated: November 25, 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 54,284,030.87 6.900000 % 3,966,000.11
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
- -------------------------------------------------------------------------------
258,459,514.42 178,069,166.50 3,966,000.11
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 312,133.18 4,278,133.29 0.00 0.00 50,318,030.76
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 66,301.27 66,301.27 187,146.67 0.00 2,326,135.63
- -------------------------------------------------------------------------------
1,133,844.87 5,099,844.98 187,146.67 0.00 174,103,166.39
===============================================================================
_______________________________________________________________________________
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-2 657.988253 48.072729 3.783432 51.856161 0.000000 609.915524
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
R ****.****** 0.000000 *****.****** *****.****** ***.****** ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-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 36,332.86
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 412.92
SUBSERVICER ADVANCES THIS MONTH 68,478.08
MASTER SERVICER ADVANCES THIS MONTH 6,742.86
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 4,452,641.53
(B) TWO MONTHLY PAYMENTS: 6 457,037.04
(C) THREE OR MORE MONTHLY PAYMENTS: 1 262,398.78
FORECLOSURES
NUMBER OF LOANS 23
AGGREGATE PRINCIPAL BALANCE 3,222,782.47
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 174,103,166.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,912
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 836,459.26
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,121,496.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.69368980 % 1.30631020 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.66393260 % 1.33606740 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.32967552
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 303.34
POOL TRADING FACTOR: 67.36187166
................................................................................
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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 53,933,735.16 6.250000 % 5,229,235.36
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 15,372,794.78 6.027500 % 131,507.12
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 178,699,260.42 5,360,742.48
===============================================================================
_______________________________________________________________________________
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-2 280,904.87 5,510,140.23 0.00 0.00 48,704,499.80
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 79,790.14 211,297.26 0.00 0.00 15,241,287.66
R 285,672.75 285,672.75 0.00 0.00 2,026,594.48
- -------------------------------------------------------------------------------
1,264,758.01 6,625,500.49 0.00 0.00 173,338,517.94
===============================================================================
_______________________________________________________________________________
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- 802.752585 77.832217 4.181003 82.013220 0.000000 724.920367
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 523.329754 4.476843 2.716263 7.193106 0.000000 518.852911
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4194
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 37,690.48
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 85,101.07
MASTER SERVICER ADVANCES THIS MONTH 16,389.37
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 4,123,371.63
(B) TWO MONTHLY PAYMENTS: 10 2,389,604.31
(C) THREE OR MORE MONTHLY PAYMENTS: 5 848,566.33
FORECLOSURES
NUMBER OF LOANS 17
AGGREGATE PRINCIPAL BALANCE 3,434,611.08
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 173,338,517.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,463
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 8
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,034,354.11
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,195,198.99
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.86591890 % 1.13408110 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.83084580 % 1.16915420 %
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 8.98524700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 314.20
POOL TRADING FACTOR: 67.72567501
................................................................................
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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 6,587,296.90 6.400000 % 2,349,137.08
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 178,007.00 160,939.03 0.000000 % 199.42
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 150,300,761.11 2,349,336.50
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 35,132.25 2,384,269.33 0.00 0.00 4,238,159.82
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 0.00 199.42 0.00 0.00 160,739.61
R 100,788.03 100,788.03 94,721.21 0.00 1,819,114.18
- -------------------------------------------------------------------------------
991,191.59 3,340,528.09 94,721.21 0.00 147,951,424.61
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 164.682423 58.728427 0.878306 59.606733 0.000000 105.953996
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-10 904.116299 1.120293 0.000000 1.120293 0.000000 902.996006
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-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 31,204.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,081.70
SUBSERVICER ADVANCES THIS MONTH 46,291.50
MASTER SERVICER ADVANCES THIS MONTH 3,621.77
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 25 2,736,890.65
(B) TWO MONTHLY PAYMENTS: 3 182,722.12
(C) THREE OR MORE MONTHLY PAYMENTS: 1 31,219.53
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 3,027,639.62
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 147,951,424.61
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,406
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 467,363.16
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,114,888.30
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.78968400 % 1.21031600 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.77046520 % 1.22953480 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78291912
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 319.49
POOL TRADING FACTOR: 81.33157678
................................................................................
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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 9,398,246.90 6.780000 % 3,352,371.66
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 20,315,820.35 7.250000 % 469,355.50
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 17,649,888.23 7.750000 % 74,340.04
A-P 76110FBQ5 1,166,695.86 1,080,669.13 0.000000 % 2,117.84
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 12,338,266.55 7.750000 % 11,233.25
M-2 76110FBU6 5,568,000.00 5,483,455.16 7.750000 % 4,992.36
M-3 76110FBV4 4,176,000.00 4,112,591.38 7.750000 % 3,744.27
B-1 1,809,600.00 1,782,122.93 7.750000 % 1,622.52
B-2 696,000.00 685,431.89 7.750000 % 624.04
B-3 1,670,738.96 1,593,596.00 7.750000 % 1,450.87
SPRE 0.00 0.00 0.719946 % 0.00
A-V 7611OFHY2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 236,822,650.52 3,921,852.35
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 53,078.02 3,405,449.68 0.00 0.00 6,045,875.24
A-I-2 154,852.29 154,852.29 0.00 0.00 26,000,000.00
A-I-3 64,343.95 64,343.95 0.00 0.00 10,596,000.00
A-I-4 122,690.40 592,045.90 0.00 0.00 19,846,464.85
A-I-5 115,501.16 115,501.16 0.00 0.00 18,587,000.00
A-I-6 140,061.77 140,061.77 0.00 0.00 21,696,000.00
A-I-7 51,948.61 51,948.61 0.00 0.00 8,047,000.00
A-I-8 112,560.70 112,560.70 0.00 0.00 17,436,000.00
A-I-9 162,327.30 162,327.30 0.00 0.00 25,145,000.00
A-I-10 122,657.33 122,657.33 0.00 0.00 19,000,000.00
A-I-11 102,487.06 102,487.06 0.00 0.00 15,875,562.00
A-II 113,941.49 188,281.53 0.00 0.00 17,575,548.19
A-P 0.00 2,117.84 0.00 0.00 1,078,551.29
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 79,651.52 90,884.77 0.00 0.00 12,327,033.30
M-2 35,399.26 40,391.62 0.00 0.00 5,478,462.80
M-3 26,549.45 30,293.72 0.00 0.00 4,108,847.11
B-1 11,504.76 13,127.28 0.00 0.00 1,780,500.41
B-2 4,424.91 5,048.95 0.00 0.00 684,807.85
B-3 10,287.69 11,738.56 0.00 0.00 1,592,145.12
SPRED 142,023.93 142,023.93 0.00 0.00 0.00
A-V 37,599.87 37,599.87 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,663,891.47 5,585,743.82 0.00 0.00 232,900,798.16
===============================================================================
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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
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 219.303393 78.225917 1.238549 79.464466 0.000000 141.077476
A-I- 1000.000000 0.000000 5.955857 5.955857 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.072475 6.072475 0.000000 1000.000000
A-I- 812.632814 18.774220 4.907616 23.681836 0.000000 793.858594
A-I- 1000.000000 0.000000 6.214083 6.214083 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455649 6.455649 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455649 6.455649 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455649 6.455649 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455649 6.455649 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455649 6.455649 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455649 6.455649 0.000000 1000.000000
A-II 858.815243 3.617267 5.544210 9.161477 0.000000 855.197976
A-P 926.264648 1.815247 0.000000 1.815247 0.000000 924.449401
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-1 984.815944 0.896616 6.357626 7.254242 0.000000 983.919328
M-2 984.815941 0.896616 6.357626 7.254242 0.000000 983.919325
M-3 984.815943 0.896616 6.357627 7.254243 0.000000 983.919327
B-1 984.815943 0.896618 6.357626 7.254244 0.000000 983.919325
B-2 984.815934 0.896609 6.357629 7.254238 0.000000 983.919325
B-3 953.827042 0.868400 6.157569 7.025969 0.000000 952.958636
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:27:02 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 49,492.06
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,434.83
SUBSERVICER ADVANCES THIS MONTH 31,351.69
MASTER SERVICER ADVANCES THIS MONTH 1,632.56
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 2,606,016.60
(B) TWO MONTHLY PAYMENTS: 5 350,946.51
(C) THREE OR MORE MONTHLY PAYMENTS: 1 121,386.13
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 844,567.55
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 232,900,798.16
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,127
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 207,666.94
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,703,066.76
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.56691580 % 9.26191500 % 1.71484900 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 88.79667640 % 9.40930361 % 1.75024330 %
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 8.76517200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 320.42
POOL TRADING FACTOR: 83.65547314
................................................................................
Run: 11/25/97 11:27:03 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 15,826,854.77 6.850000 % 4,298,135.78
A-I- 76110FBX0 26,945,000.00 15,913,134.13 11.000000 % 1,575,970.64
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 12,915,709.43 7.250000 % 330,032.56
A-II 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,692,870.77 0.000000 % 7,483.52
A-V 76110FGN7 0.00 0.00 0.765228 % 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 13,052,952.90 8.000000 % 13,164.62
M-2 76110FCN1 5,570,800.00 5,496,042.45 8.000000 % 5,543.06
M-3 76110FCP6 4,456,600.00 4,396,794.52 8.000000 % 4,434.41
B-1 76110FCR2 2,228,400.00 2,198,495.92 8.000000 % 2,217.30
B-2 76110FCS0 696,400.00 687,054.64 8.000000 % 692.93
B-3 76110FCT8 1,671,255.97 1,604,980.27 8.000000 % 1,567.90
STRI 0.00 0.00 0.116639 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 233,546,889.80 6,239,242.72
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 90,249.39 4,388,385.17 0.00 0.00 11,528,718.99
A-I-2 145,716.10 1,721,686.74 0.00 0.00 14,337,163.49
A-I-3 95,079.15 95,079.15 0.00 0.00 15,646,000.00
A-I-4 204,408.55 204,408.55 0.00 0.00 32,740,000.00
A-I-5 64,246.22 64,246.22 0.00 0.00 10,023,000.00
A-I-6 178,550.93 178,550.93 0.00 0.00 26,811,000.00
A-I-7 120,179.41 120,179.41 0.00 0.00 18,046,000.00
A-I-8 60,562.54 60,562.54 0.00 0.00 9,094,000.00
A-I-9 68,487.48 68,487.48 0.00 0.00 10,284,000.00
A-I-10 181,100.06 181,100.06 0.00 0.00 27,538,000.00
A-II-1 77,949.87 407,982.43 0.00 0.00 12,585,676.87
A-II-2 54,639.64 54,639.64 0.00 0.00 8,580,000.00
A-P 0.00 7,483.52 0.00 0.00 2,685,387.25
A-V 148,772.96 148,772.96 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 86,927.64 100,092.26 0.00 0.00 13,039,788.28
M-2 36,601.52 42,144.58 0.00 0.00 5,490,499.39
M-3 29,280.95 33,715.36 0.00 0.00 4,392,360.11
B-1 14,641.14 16,858.44 0.00 0.00 2,196,278.62
B-2 4,575.51 5,268.44 0.00 0.00 686,361.71
B-3 10,688.55 12,256.45 0.00 0.00 1,585,991.37
STRIP 13,514.16 13,514.16 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,686,171.77 7,925,414.49 0.00 0.00 227,290,226.08
===============================================================================
Run: 11/25/97 11:27:03
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- 344.706512 93.612749 1.965618 95.578367 0.000000 251.093762
A-I- 590.578368 58.488426 5.407909 63.896335 0.000000 532.089942
A-I- 1000.000000 0.000000 6.076898 6.076898 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.243389 6.243389 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.409879 6.409879 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.659615 6.659615 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.659615 6.659615 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.659615 6.659615 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.659615 6.659615 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.576369 6.576369 0.000000 1000.000000
A-II 806.173736 20.599998 4.865481 25.465479 0.000000 785.573739
A-II 1000.000000 0.000000 6.368256 6.368256 0.000000 1000.000000
A-P 885.918250 2.461978 0.000000 2.461978 0.000000 883.456273
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-1 986.580469 0.995021 6.570246 7.565267 0.000000 985.585449
M-2 986.580464 0.995020 6.570245 7.565265 0.000000 985.585444
M-3 986.580469 0.995021 6.570244 7.565265 0.000000 985.585449
B-1 986.580470 0.995019 6.570248 7.565267 0.000000 985.585451
B-2 986.580471 0.995017 6.570233 7.565250 0.000000 985.585454
B-3 960.343777 0.938157 6.395519 7.333676 0.000000 948.981723
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:27:04 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 47,866.01
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 52,530.53
MASTER SERVICER ADVANCES THIS MONTH 7,227.90
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 4,400,635.22
(B) TWO MONTHLY PAYMENTS: 7 449,849.59
(C) THREE OR MORE MONTHLY PAYMENTS: 1 74,109.29
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,504,055.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 227,290,226.08
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,282
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 912,154.86
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,870,013.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.09929660 % 9.82491800 % 1.92275340 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.80467970 % 10.08518852 % 1.98955270 %
BANKRUPTCY AMOUNT AVAILABLE 205,069.00
FRAUD AMOUNT AVAILABLE 3,159,391.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,785,358.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.99292500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 1.38
POOL TRADING FACTOR: 81.60180164
................................................................................
Run: 11/25/97 11:27:06 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 13,208,546.10 9.500000 % 1,074,428.89
A-I- 76110FCV3 25,000,000.00 18,662,781.84 7.600000 % 639,966.15
A-I- 76110FCW1 12,373,000.00 2,428,751.40 6.650000 % 1,004,223.35
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 9,215,622.21 8.000000 % 560,878.47
A-II 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 1,023,973.47 0.000000 % 19,903.84
A-V 76110FGP2 0.00 0.00 0.877353 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,834,032.23 8.000000 % 7,121.03
M-2 76110FDK6 3,958,800.00 3,916,570.94 8.000000 % 3,560.11
M-3 76110FDL4 2,815,100.00 2,785,070.94 8.000000 % 2,531.59
B-1 76110FDM2 1,407,600.00 1,392,584.93 8.000000 % 1,265.84
B-2 76110FDN0 439,800.00 435,108.60 8.000000 % 395.51
B-3 76110FDP5 1,055,748.52 1,044,486.65 8.000000 % 949.42
- -------------------------------------------------------------------------------
175,944,527.21 146,807,529.31 3,315,224.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 104,302.22 1,178,731.11 0.00 0.00 12,134,117.21
A-I-2 117,897.58 757,863.73 0.00 0.00 18,022,815.69
A-I-3 13,425.16 1,017,648.51 0.00 0.00 1,424,528.05
A-I-4 43,967.28 43,967.28 0.00 0.00 7,100,000.00
A-I-5 64,038.03 64,038.03 0.00 0.00 10,137,000.00
A-I-6 36,035.29 36,035.29 0.00 0.00 5,558,000.00
A-I-7 112,553.56 112,553.56 0.00 0.00 16,926,000.00
A-I-8 45,776.83 45,776.83 0.00 0.00 6,884,000.00
A-I-9 74,669.97 74,669.97 0.00 0.00 11,229,000.00
A-I-10 149,625.89 149,625.89 0.00 0.00 22,501,000.00
A-II-1 61,281.53 622,160.00 0.00 0.00 8,654,743.74
A-II-2 30,090.09 30,090.09 0.00 0.00 4,525,000.00
A-P 0.00 19,903.84 0.00 0.00 1,004,069.63
A-V 107,062.54 107,062.54 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 52,094.31 59,215.34 0.00 0.00 7,826,911.20
M-2 26,044.19 29,604.30 0.00 0.00 3,913,010.83
M-3 18,520.01 21,051.60 0.00 0.00 2,782,539.35
B-1 9,260.33 10,526.17 0.00 0.00 1,391,319.09
B-2 2,893.36 3,288.87 0.00 0.00 434,713.09
B-3 6,945.56 7,894.98 0.00 0.00 1,043,537.22
- -------------------------------------------------------------------------------
1,076,483.73 4,391,707.93 0.00 0.00 143,492,305.10
===============================================================================
Run: 11/25/97 11:27:06
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- 553.863892 45.053207 4.373625 49.426832 0.000000 508.810685
A-I- 746.511274 25.598646 4.715903 30.314549 0.000000 720.912628
A-I- 196.294464 81.162479 1.085037 82.247516 0.000000 115.131985
A-I- 1000.000000 0.000000 6.192575 6.192575 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.317257 6.317257 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.483499 6.483499 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.649744 6.649744 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.649743 6.649743 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.649744 6.649744 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.649744 6.649744 0.000000 1000.000000
A-II 825.624638 50.248922 5.490193 55.739115 0.000000 775.375716
A-II 1000.000000 0.000000 6.649744 6.649744 0.000000 1000.000000
A-P 925.936524 17.998215 0.000000 17.998215 0.000000 907.938308
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 989.332857 0.899290 6.578810 7.478100 0.000000 988.433567
M-2 989.332863 0.899290 6.578809 7.478099 0.000000 988.433573
M-3 989.332862 0.899290 6.578811 7.478101 0.000000 988.433573
B-1 989.332857 0.899290 6.578808 7.478098 0.000000 988.433568
B-2 989.332879 0.899295 6.578809 7.478104 0.000000 988.433583
B-3 989.332810 0.899286 6.578802 7.478088 0.000000 988.433517
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:27:06 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 30,250.06
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,941.21
SUBSERVICER ADVANCES THIS MONTH 46,208.29
MASTER SERVICER ADVANCES THIS MONTH 336.67
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 4,145,855.07
(B) TWO MONTHLY PAYMENTS: 4 470,724.04
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,018,797.58
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 143,492,305.10
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,417
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 39,436.97
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,178,314.35
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.44490300 % 9.90117800 % 1.95642570 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.79405840 % 10.12072485 % 2.01389920 %
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 9.14790900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 318.12
POOL TRADING FACTOR: 81.55542396
................................................................................
Run: 11/25/97 11:27:08 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 4,886,615.38 7.050000 % 1,748,353.81
A-I- 76110FDR1 43,322,483.00 28,863,921.54 6.056250 % 1,660,936.09
A-I- 76110FDS9 0.00 0.00 2.943750 % 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 18,243,725.07 8.000000 % 267,064.34
A-P 76110FED1 601,147.92 507,352.96 0.000000 % 1,016.12
A-V 76110FGQ0 0.00 0.00 0.817669 % 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 9,031,893.77 8.000000 % 8,023.05
M-2 76110FEH2 5,126,400.00 5,079,882.85 8.000000 % 4,512.47
M-3 76110FEJ8 3,645,500.00 3,612,420.57 8.000000 % 3,208.92
B-1 1,822,700.00 1,806,160.75 8.000000 % 1,604.42
B-2 569,600.00 564,431.43 8.000000 % 501.39
B-3 1,366,716.75 1,354,315.11 8.000000 % 1,202.79
- -------------------------------------------------------------------------------
227,839,864.67 196,011,082.43 3,696,423.40
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 28,654.36 1,777,008.17 0.00 0.00 3,138,261.57
A-I-2 145,395.99 1,806,332.08 0.00 0.00 27,202,985.45
A-I-3 70,672.36 70,672.36 0.00 0.00 0.00
A-I-4 79,002.20 79,002.20 0.00 0.00 13,330,948.00
A-I-5 157,866.53 157,866.53 0.00 0.00 24,973,716.00
A-I-6 494.34 494.34 0.00 0.00 0.00
A-I-7 6,404.49 6,404.49 0.00 0.00 1,000,000.00
A-I-8 61,096.83 61,096.83 0.00 0.00 9,539,699.00
A-I-9 149,888.17 149,888.17 0.00 0.00 22,526,000.00
A-I-10 77,519.19 77,519.19 0.00 0.00 11,650,000.00
A-I-11 202,421.57 202,421.57 0.00 0.00 30,421,000.00
A-I-12 57,350.89 57,350.89 0.00 0.00 8,619,000.00
A-II 121,393.88 388,458.22 0.00 0.00 17,976,660.73
A-P 0.00 1,016.12 0.00 0.00 506,336.84
A-V 133,306.47 133,306.47 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 60,098.29 68,121.34 0.00 0.00 9,023,870.72
M-2 33,801.58 38,314.05 0.00 0.00 5,075,370.38
M-3 24,037.07 27,245.99 0.00 0.00 3,609,211.65
B-1 12,018.21 13,622.63 0.00 0.00 1,804,556.33
B-2 3,755.73 4,257.12 0.00 0.00 563,930.04
B-3 9,011.63 10,214.42 0.00 0.00 1,353,112.07
- -------------------------------------------------------------------------------
1,434,189.78 5,130,613.18 0.00 0.00 192,314,658.78
===============================================================================
Run: 11/25/97 11:27:08
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- 243.040781 86.956153 1.425154 88.381307 0.000000 156.084628
A-I- 666.257323 38.338894 3.356132 41.695026 0.000000 627.918429
A-I- 1000.000000 0.000000 5.926225 5.926225 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.321307 6.321307 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.404490 6.404490 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.404482 6.404482 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.654007 6.654007 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.654008 6.654008 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.654008 6.654008 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.654007 6.654007 0.000000 1000.000000
A-II 907.467423 13.284139 6.038295 19.322434 0.000000 894.183283
A-P 843.973576 1.690292 0.000000 1.690292 0.000000 842.283284
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-1 990.925962 0.880242 6.593629 7.473871 0.000000 990.045720
M-2 990.925962 0.880241 6.593629 7.473870 0.000000 990.045720
M-3 990.925955 0.880241 6.593628 7.473869 0.000000 990.045714
B-1 990.925961 0.880244 6.593630 7.473874 0.000000 990.045718
B-2 990.925966 0.880249 6.593627 7.473876 0.000000 990.045716
B-3 990.925962 0.880058 6.593634 7.473692 0.000000 990.045718
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:27:09 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 40,519.70
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,388.62
SUBSERVICER ADVANCES THIS MONTH 55,779.45
MASTER SERVICER ADVANCES THIS MONTH 635.07
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 5,530,187.49
(B) TWO MONTHLY PAYMENTS: 7 493,622.19
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 802,580.46
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 192,314,658.78
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,877
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 79,514.02
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,517,706.69
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.79835920 % 9.04244600 % 1.90035550 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.82736110 % 9.20806186 % 1.94026950 %
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 9.12685900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 321.06
POOL TRADING FACTOR: 84.40781821
................................................................................
Run: 11/25/97 11:26:00 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 3,378,678.62 7.400000 % 124,695.59
A-2 76110FEL3 4,074,824.00 2,587,328.00 7.300000 % 298,531.80
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 27,251,893.49 6.156250 % 868,538.13
A-8 76110FES8 0.00 0.00 2.843750 % 0.00
A-9 76110FET6 32,965,000.00 22,233,020.36 0.000000 % 2,153,845.95
A-10 76110FEU3 20,953,719.00 20,745,224.68 7.400000 % 41,843.63
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 115,824.70 113,715.85 0.000000 % 3,158.95
A-15 76110FGR8 0.00 0.00 0.899015 % 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 6,615,633.52 7.750000 % 4,295.72
M-2 76110FFC2 4,440,700.00 4,410,455.45 7.750000 % 2,863.84
M-3 76110FFD0 3,108,500.00 3,087,328.75 7.750000 % 2,004.69
B-1 1,509,500.00 1,499,219.17 7.750000 % 973.49
B-2 444,000.00 440,976.04 7.750000 % 286.34
B-3 1,154,562.90 1,146,699.24 7.750000 % 741.91
- -------------------------------------------------------------------------------
177,623,205.60 160,125,985.17 3,501,780.04
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 20,825.86 145,521.45 0.00 0.00 3,253,983.03
A-2 15,732.54 314,264.34 0.00 0.00 2,288,796.20
A-3 77,093.71 77,093.71 0.00 0.00 13,128,206.00
A-4 22,894.41 22,894.41 0.00 0.00 3,765,148.00
A-5 64,721.04 64,721.04 0.00 0.00 10,500,000.00
A-6 16,029.25 16,029.25 0.00 0.00 2,600,500.00
A-7 139,745.36 1,008,283.49 0.00 0.00 26,383,355.36
A-8 64,552.43 64,552.43 0.00 0.00 0.00
A-9 136,037.41 2,289,883.36 0.00 0.00 20,079,174.41
A-10 127,871.67 169,715.30 0.00 0.00 20,703,381.05
A-11 90,214.84 90,214.84 0.00 0.00 13,975,000.00
A-12 12,910.89 12,910.89 0.00 0.00 2,000,000.00
A-13 133,285.30 133,285.30 0.00 0.00 20,646,958.00
A-14 0.00 3,158.95 0.00 0.00 110,556.90
A-15 119,909.37 119,909.37 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 42,706.86 47,002.58 0.00 0.00 6,611,337.80
M-2 28,471.45 31,335.29 0.00 0.00 4,407,591.61
M-3 19,930.08 21,934.77 0.00 0.00 3,085,324.06
B-1 9,678.13 10,651.62 0.00 0.00 1,498,245.68
B-2 2,846.70 3,133.04 0.00 0.00 440,689.70
B-3 7,402.46 8,144.37 0.00 0.00 1,132,811.07
- -------------------------------------------------------------------------------
1,152,859.76 4,654,639.80 0.00 0.00 156,611,058.87
===============================================================================
Run: 11/25/97 11:26:00
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-1 844.669655 31.173898 5.206465 36.380363 0.000000 813.495757
A-2 634.954540 73.262503 3.860913 77.123416 0.000000 561.692038
A-3 1000.000000 0.000000 5.872372 5.872372 0.000000 1000.000000
A-4 1000.000000 0.000000 6.080614 6.080614 0.000000 1000.000000
A-5 1000.000000 0.000000 6.163909 6.163909 0.000000 1000.000000
A-6 1000.000000 0.000000 6.163911 6.163911 0.000000 1000.000000
A-7 862.959804 27.503171 4.425183 31.928354 0.000000 835.456633
A-9 674.443208 65.337356 4.126723 69.464079 0.000000 609.105852
A-10 990.049770 1.996955 6.102576 8.099531 0.000000 988.052816
A-11 1000.000000 0.000000 6.455445 6.455445 0.000000 1000.000000
A-12 1000.000000 0.000000 6.455445 6.455445 0.000000 1000.000000
A-13 1000.000000 0.000000 6.455445 6.455445 0.000000 1000.000000
A-14 981.792744 27.273544 0.000000 27.273544 0.000000 954.519200
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-1 993.189239 0.644906 6.411479 7.056385 0.000000 992.544333
M-2 993.189238 0.644907 6.411478 7.056385 0.000000 992.544331
M-3 993.189239 0.644906 6.411478 7.056384 0.000000 992.544333
B-1 993.189248 0.644909 6.411481 7.056390 0.000000 992.544339
B-2 993.189279 0.644910 6.411486 7.056396 0.000000 992.544369
B-3 993.189059 0.642590 6.411483 7.054073 0.000000 981.160119
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:01 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 33,054.29
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 51,366.25
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 3,097,273.43
(B) TWO MONTHLY PAYMENTS: 24 2,285,311.08
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 1,035,350.85
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 156,611,058.87
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,485
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,336,988.80
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.25062920 % 8.82021000 % 1.92916110 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.02495540 % 9.00591157 % 1.96277100 %
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 8.97388604
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.69
POOL TRADING FACTOR: 88.17038198
................................................................................
Run: 11/25/97 11:26:10 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 19,485,217.85 6.750000 % 2,633,348.80
A-2 76110FFF5 10,146,000.00 6,905,345.28 6.750000 % 619,611.50
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 27,865,909.65 11.000000 % 697,062.90
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 212,947.62 210,942.61 0.000000 % 359.93
A-13 76110FFS7 0.00 0.00 0.962952 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,331,325.89 7.500000 % 5,955.77
M-2 76110FFW8 6,251,000.00 6,220,552.22 7.500000 % 3,970.30
M-3 76110FFW8 4,375,700.00 4,354,386.55 7.500000 % 2,779.21
B-1 1,624,900.00 1,616,985.33 7.500000 % 1,032.05
B-2 624,800.00 621,756.68 7.500000 % 396.84
B-3 1,500,282.64 1,492,974.97 7.500000 % 952.90
- -------------------------------------------------------------------------------
250,038,730.26 229,261,751.03 3,965,470.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 109,576.38 2,742,925.18 0.00 0.00 16,851,869.05
A-2 38,832.66 658,444.16 0.00 0.00 6,285,733.78
A-3 139,554.38 139,554.38 0.00 0.00 24,816,000.00
A-4 89,628.37 89,628.37 0.00 0.00 15,938,000.00
A-5 57,658.41 57,658.41 0.00 0.00 10,253,000.00
A-6 255,372.33 952,435.23 0.00 0.00 27,168,846.75
A-7 99,267.16 99,267.16 0.00 0.00 17,652,000.00
A-8 31,804.57 31,804.57 0.00 0.00 5,655,589.00
A-9 107,230.13 107,230.13 0.00 0.00 19,068,000.00
A-10 57,741.44 57,741.44 0.00 0.00 10,267,765.00
A-11 296,836.74 296,836.74 0.00 0.00 47,506,000.00
A-12 0.00 359.93 0.00 0.00 210,582.68
A-13 183,926.38 183,926.38 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 58,305.91 64,261.68 0.00 0.00 9,325,370.12
M-2 38,868.53 42,838.83 0.00 0.00 6,216,581.92
M-3 27,207.98 29,987.19 0.00 0.00 4,351,607.34
B-1 10,103.58 11,135.63 0.00 0.00 1,615,953.28
B-2 3,884.99 4,281.83 0.00 0.00 621,359.84
B-3 9,328.71 10,281.61 0.00 0.00 1,492,022.07
- -------------------------------------------------------------------------------
1,615,128.65 5,580,598.85 0.00 0.00 225,296,280.83
===============================================================================
Run: 11/25/97 11:26:10
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-1 585.880626 79.179409 3.294738 82.474147 0.000000 506.701216
A-2 680.597800 61.069535 3.827386 64.896921 0.000000 619.528265
A-3 1000.000000 0.000000 5.623565 5.623565 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623564 5.623564 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623565 5.623565 0.000000 1000.000000
A-6 884.305112 22.120803 8.104062 30.224865 0.000000 862.184310
A-7 1000.000000 0.000000 5.623564 5.623564 0.000000 1000.000000
A-8 1000.000000 0.000000 5.623565 5.623565 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623565 5.623565 0.000000 1000.000000
A-10 1000.000000 0.000000 5.623565 5.623565 0.000000 1000.000000
A-11 1000.000000 0.000000 6.248405 6.248405 0.000000 1000.000000
A-12 990.584492 1.690228 0.000000 1.690228 0.000000 988.894264
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.129134 0.635147 6.217971 6.853118 0.000000 994.493987
M-2 995.129135 0.635146 6.217970 6.853116 0.000000 994.493988
M-3 995.129134 0.635146 6.217972 6.853118 0.000000 994.493987
B-1 995.129134 0.635147 6.217970 6.853117 0.000000 994.493987
B-2 995.129129 0.635147 6.217974 6.853121 0.000000 994.493982
B-3 995.129138 0.635147 6.217968 6.853115 0.000000 994.493991
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:11 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 47,862.01
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,044.12
SUBSERVICER ADVANCES THIS MONTH 33,889.16
MASTER SERVICER ADVANCES THIS MONTH 285.41
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 2,974,632.65
(B) TWO MONTHLY PAYMENTS: 7 966,647.04
(C) THREE OR MORE MONTHLY PAYMENTS: 1 99,086.19
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 328,050.30
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 225,296,280.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,100
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 31,376.49
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,819,062.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.68002700 % 8.69076400 % 1.62920930 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.50493310 % 8.82995463 % 1.65685120 %
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 8.78585807
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.18
POOL TRADING FACTOR: 90.10455324
................................................................................
Run: 11/25/97 11:26:15 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 26,465,665.39 9.000000 % 386,860.62
A-2 76110FFZ1 37,000,000.00 26,988,842.33 7.250000 % 834,159.43
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 8,403,895.43 7.250000 % 132,992.18
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 130,561.76 128,296.21 0.000000 % 439.37
A-10 76110FGH0 0.00 0.00 0.732526 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,911,406.17 7.750000 % 3,099.69
M-2 76110FGL1 4,109,600.00 4,092,772.08 7.750000 % 2,583.04
M-3 76110FGM9 2,630,200.00 2,619,429.90 7.750000 % 1,653.18
B-1 1,068,500.00 1,064,124.72 7.750000 % 671.59
B-2 410,900.00 409,217.46 7.750000 % 258.27
B-3 821,738.81 818,373.98 7.750000 % 516.50
- -------------------------------------------------------------------------------
164,383,983.57 148,074,236.67 1,363,233.87
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 198,434.79 585,295.41 0.00 0.00 26,078,804.77
A-2 163,010.19 997,169.62 0.00 0.00 26,154,682.90
A-3 31,407.54 31,407.54 0.00 0.00 5,200,000.00
A-4 109,926.36 109,926.36 0.00 0.00 18,200,000.00
A-5 50,758.77 183,750.95 0.00 0.00 8,270,903.25
A-6 44,522.77 44,522.77 0.00 0.00 7,371,430.00
A-7 67,152.19 67,152.19 0.00 0.00 10,400,783.00
A-8 200,150.13 200,150.13 0.00 0.00 31,000,000.00
A-9 0.00 439.37 0.00 0.00 127,856.84
A-10 90,363.95 90,363.95 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,710.28 34,809.97 0.00 0.00 4,908,306.48
M-2 26,424.81 29,007.85 0.00 0.00 4,090,189.04
M-3 16,912.23 18,565.41 0.00 0.00 2,617,776.72
B-1 6,870.47 7,542.06 0.00 0.00 1,063,453.13
B-2 2,642.09 2,900.36 0.00 0.00 408,959.19
B-3 5,283.79 5,800.29 0.00 0.00 817,857.48
- -------------------------------------------------------------------------------
1,045,570.36 2,408,804.23 0.00 0.00 146,711,002.80
===============================================================================
Run: 11/25/97 11:26:15
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-1 850.751590 12.435821 6.378782 18.814603 0.000000 838.315769
A-2 729.428171 22.544849 4.405681 26.950530 0.000000 706.883322
A-3 1000.000000 0.000000 6.039912 6.039912 0.000000 1000.000000
A-4 1000.000000 0.000000 6.039910 6.039910 0.000000 1000.000000
A-5 840.389543 13.299218 5.075877 18.375095 0.000000 827.090325
A-6 1000.000000 0.000000 6.039909 6.039909 0.000000 1000.000000
A-7 1000.000000 0.000000 6.456455 6.456455 0.000000 1000.000000
A-8 1000.000000 0.000000 6.456456 6.456456 0.000000 1000.000000
A-9 982.647676 3.365227 0.000000 3.365227 0.000000 979.282448
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.905217 0.628536 6.430019 7.058555 0.000000 995.276681
M-2 995.905217 0.628538 6.430020 7.058558 0.000000 995.276679
M-3 995.905216 0.628538 6.430017 7.058555 0.000000 995.276679
B-1 995.905213 0.628535 6.430014 7.058549 0.000000 995.276678
B-2 995.905232 0.628547 6.430007 7.058554 0.000000 995.276685
B-3 995.905232 0.628533 6.430012 7.058545 0.000000 995.276687
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:15 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 30,911.78
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,571.75
SUBSERVICER ADVANCES THIS MONTH 34,807.07
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,568,620.09
(B) TWO MONTHLY PAYMENTS: 2 146,149.60
(C) THREE OR MORE MONTHLY PAYMENTS: 1 488,888.95
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 235,611.79
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 146,711,002.80
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,398
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 1,269,763.39
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.59431830 % 7.85665900 % 1.54902270 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.51286430 % 7.91779213 % 1.56243730 %
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 8.80416984
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.95
POOL TRADING FACTOR: 89.24896429
................................................................................
Run: 11/25/97 11:26:20 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 24,354,752.39 7.250000 % 819,759.04
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 13,158,500.69 9.500000 % 234,216.87
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 105,687.60 0.000000 % 105.37
A-10 76110FHB2 0.00 0.00 0.739881 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,327,610.80 7.750000 % 3,311.52
M-2 76110FHE6 4,112,900.00 4,098,215.81 7.750000 % 2,547.36
M-3 76110FHF3 2,632,200.00 2,622,802.31 7.750000 % 1,630.27
B-1 1,069,400.00 1,065,581.95 7.750000 % 662.34
B-2 411,200.00 409,731.91 7.750000 % 254.68
B-3 823,585.68 820,645.21 7.750000 % 510.10
- -------------------------------------------------------------------------------
164,514,437.18 154,491,528.67 1,062,997.55
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 147,099.80 966,858.84 0.00 0.00 23,534,993.35
A-2 166,069.64 166,069.64 0.00 0.00 26,579,000.00
A-3 105,100.17 105,100.17 0.00 0.00 16,821,000.00
A-4 151,661.40 151,661.40 0.00 0.00 23,490,000.00
A-5 46,085.95 46,085.95 0.00 0.00 7,138,000.00
A-6 6,456.42 6,456.42 0.00 0.00 1,000,000.00
A-7 104,140.66 338,357.53 0.00 0.00 12,924,283.82
A-8 177,551.66 177,551.66 0.00 0.00 27,500,000.00
A-9 0.00 105.37 0.00 0.00 105,582.23
A-10 95,226.23 95,226.23 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 34,397.32 37,708.84 0.00 0.00 5,324,299.28
M-2 26,459.82 29,007.18 0.00 0.00 4,095,668.45
M-3 16,933.92 18,564.19 0.00 0.00 2,621,172.04
B-1 6,879.85 7,542.19 0.00 0.00 1,064,919.61
B-2 2,645.41 2,900.09 0.00 0.00 409,477.23
B-3 5,298.43 5,808.53 0.00 0.00 820,135.11
- -------------------------------------------------------------------------------
1,092,006.68 2,155,004.23 0.00 0.00 153,428,531.12
===============================================================================
Run: 11/25/97 11:26:20
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-1 758.502364 25.530507 4.581264 30.111771 0.000000 732.971857
A-2 1000.000000 0.000000 6.248152 6.248152 0.000000 1000.000000
A-3 1000.000000 0.000000 6.248152 6.248152 0.000000 1000.000000
A-4 1000.000000 0.000000 6.456424 6.456424 0.000000 1000.000000
A-5 1000.000000 0.000000 6.456423 6.456423 0.000000 1000.000000
A-6 1000.000000 0.000000 6.456420 6.456420 0.000000 1000.000000
A-7 855.893111 15.234608 6.773817 22.008425 0.000000 840.658503
A-8 1000.000000 0.000000 6.456424 6.456424 0.000000 1000.000000
A-9 984.500449 0.981542 0.000000 0.981542 0.000000 983.518908
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.429723 0.619358 6.433374 7.052732 0.000000 995.810365
M-2 996.429724 0.619359 6.433373 7.052732 0.000000 995.810365
M-3 996.429720 0.619356 6.433371 7.052727 0.000000 995.810364
B-1 996.429727 0.619357 6.433374 7.052731 0.000000 995.810370
B-2 996.429742 0.619358 6.433390 7.052748 0.000000 995.810384
B-3 996.429673 0.619353 6.433368 7.052721 0.000000 995.810307
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:20 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 32,052.07
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,995.87
SUBSERVICER ADVANCES THIS MONTH 26,838.66
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,588,028.70
(B) TWO MONTHLY PAYMENTS: 2 513,985.96
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 422,423.79
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 153,428,531.12
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,419
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 966,956.09
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.70861170 % 7.80423200 % 1.48715650 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.65001570 % 7.84804474 % 1.49653520 %
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 8.81085216
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.26
POOL TRADING FACTOR: 93.26143878
................................................................................
Run: 11/25/97 11:26:25 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 34,778,697.68 7.250000 % 1,502,032.70
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 22,619,952.59 10.000000 % 333,785.01
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 155,284.33 154,637.08 0.000000 % 122.47
A-9 76110FHT3 0.00 0.00 0.747722 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,165,401.02 7.750000 % 4,401.13
M-2 76110FHW6 4,975,300.00 4,960,623.89 7.750000 % 3,046.91
M-3 76110FHX4 3,316,900.00 3,307,115.83 7.750000 % 2,031.30
B-1 1,216,200.00 1,212,612.46 7.750000 % 744.81
B-2 552,900.00 551,269.06 7.750000 % 338.60
B-3 995,114.30 992,178.92 7.750000 % 609.41
- -------------------------------------------------------------------------------
221,126,398.63 210,741,234.53 1,847,112.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 210,041.05 1,712,073.75 0.00 0.00 33,276,664.98
A-2 216,058.08 216,058.08 0.00 0.00 35,775,000.00
A-3 135,272.86 135,272.86 0.00 0.00 22,398,546.00
A-4 188,427.60 522,212.61 0.00 0.00 22,286,167.58
A-5 110,427.19 110,427.19 0.00 0.00 17,675,100.00
A-6 46,160.09 46,160.09 0.00 0.00 7,150,100.00
A-7 335,705.06 335,705.06 0.00 0.00 52,000,000.00
A-8 0.00 122.47 0.00 0.00 154,514.61
A-9 131,262.98 131,262.98 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,258.88 50,660.01 0.00 0.00 7,160,999.89
M-2 32,025.12 35,072.03 0.00 0.00 4,957,576.98
M-3 21,350.30 23,381.60 0.00 0.00 3,305,084.53
B-1 7,828.47 8,573.28 0.00 0.00 1,211,867.65
B-2 3,558.92 3,897.52 0.00 0.00 550,930.46
B-3 6,405.37 7,014.78 0.00 0.00 991,569.51
- -------------------------------------------------------------------------------
1,490,781.97 3,337,894.31 0.00 0.00 208,894,122.19
===============================================================================
Run: 11/25/97 11:26:25
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-1 804.484968 34.744335 4.858574 39.602909 0.000000 769.740633
A-2 1000.000000 0.000000 6.039359 6.039359 0.000000 1000.000000
A-3 1000.000000 0.000000 6.039359 6.039359 0.000000 1000.000000
A-4 923.329549 13.624854 7.691474 21.316328 0.000000 909.704695
A-5 1000.000000 0.000000 6.247613 6.247613 0.000000 1000.000000
A-6 1000.000000 0.000000 6.455866 6.455866 0.000000 1000.000000
A-7 1000.000000 0.000000 6.455867 6.455867 0.000000 1000.000000
A-8 995.831840 0.788682 0.000000 0.788682 0.000000 995.043157
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.050207 0.612408 6.436824 7.049232 0.000000 996.437800
M-2 997.050206 0.612407 6.436822 7.049229 0.000000 996.437799
M-3 997.050207 0.612409 6.436824 7.049233 0.000000 996.437797
B-1 997.050206 0.612407 6.436828 7.049235 0.000000 996.437798
B-2 997.050208 0.612407 6.436824 7.049231 0.000000 996.437801
B-3 997.050208 0.612412 6.436818 7.049230 0.000000 996.437802
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:25 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 43,761.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,684.77
SUBSERVICER ADVANCES THIS MONTH 50,645.75
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 4,581,362.67
(B) TWO MONTHLY PAYMENTS: 4 1,023,103.16
(C) THREE OR MORE MONTHLY PAYMENTS: 2 107,725.98
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 845,623.86
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 208,894,122.19
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,892
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 1,717,648.09
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.36260270 % 7.32864300 % 1.30875400 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.29152860 % 7.38348271 % 1.31952320 %
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 8.81856584
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.06
POOL TRADING FACTOR: 94.46819714
................................................................................
Run: 11/25/97 11:26:26 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 27,517,758.78 7.250000 % 1,734,745.16
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 27,788,568.56 10.000000 % 650,529.43
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 340,158.57 338,210.82 0.000000 % 379.50
A-11 76110FJK0 0.00 0.00 0.635483 % 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 6,710,225.45 8.000000 % 3,959.73
M-2 76110FJP9 4,330,000.00 4,317,277.30 8.000000 % 2,547.64
M-3 76110FJQ7 2,886,000.00 2,877,520.17 8.000000 % 1,698.03
B-1 1,058,000.00 1,054,891.31 8.000000 % 622.49
B-2 481,000.00 479,586.70 8.000000 % 283.01
B-3 866,066.26 863,521.52 8.000000 % 509.57
- -------------------------------------------------------------------------------
192,360,424.83 184,359,651.61 2,395,274.56
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 166,078.21 1,900,823.37 0.00 0.00 25,783,013.62
A-2 65,181.35 65,181.35 0.00 0.00 10,800,000.00
A-3 231,327.76 881,857.19 0.00 0.00 27,138,039.13
A-4 144,847.44 144,847.44 0.00 0.00 24,000,000.00
A-5 71,126.68 71,126.68 0.00 0.00 11,785,091.00
A-6 120,826.07 120,826.07 0.00 0.00 18,143,000.00
A-7 31,746.56 31,746.56 0.00 0.00 4,767,000.00
A-8 26,794.91 26,794.91 0.00 0.00 0.00
A-9 259,017.41 259,017.41 0.00 0.00 42,917,000.00
A-10 0.00 379.50 0.00 0.00 337,831.32
A-11 97,528.41 97,528.41 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 44,687.77 48,647.50 0.00 0.00 6,706,265.72
M-2 28,751.57 31,299.21 0.00 0.00 4,314,729.66
M-3 19,163.29 20,861.32 0.00 0.00 2,875,822.14
B-1 7,025.21 7,647.70 0.00 0.00 1,054,268.82
B-2 3,193.88 3,476.89 0.00 0.00 479,303.69
B-3 5,750.75 6,260.32 0.00 0.00 863,011.95
- -------------------------------------------------------------------------------
1,323,047.27 3,718,321.83 0.00 0.00 181,964,377.05
===============================================================================
Run: 11/25/97 11:26:26
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-1 826.359123 52.094449 4.987334 57.081783 0.000000 774.264673
A-2 1000.000000 0.000000 6.035310 6.035310 0.000000 1000.000000
A-3 927.618018 21.715506 7.722017 29.437523 0.000000 905.902512
A-4 1000.000000 0.000000 6.035310 6.035310 0.000000 1000.000000
A-5 1000.000000 0.000000 6.035310 6.035310 0.000000 1000.000000
A-6 1000.000000 0.000000 6.659652 6.659652 0.000000 1000.000000
A-7 1000.000000 0.000000 6.659652 6.659652 0.000000 1000.000000
A-9 1000.000000 0.000000 6.035310 6.035310 0.000000 1000.000000
A-10 994.273994 1.115656 0.000000 1.115656 0.000000 993.158338
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-1 997.061731 0.588370 6.640085 7.228455 0.000000 996.473361
M-2 997.061732 0.588370 6.640085 7.228455 0.000000 996.473363
M-3 997.061736 0.588368 6.640087 7.228455 0.000000 996.473368
B-1 997.061730 0.588365 6.640085 7.228450 0.000000 996.473365
B-2 997.061746 0.588378 6.640083 7.228461 0.000000 996.473368
B-3 997.061726 0.588361 6.640081 7.228442 0.000000 996.473356
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:27 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 38,268.99
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,615.87
SUBSERVICER ADVANCES THIS MONTH 28,368.34
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 2,851,018.30
(B) TWO MONTHLY PAYMENTS: 3 199,632.95
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 572,538.75
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 181,964,377.05
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 2,286,406.56
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.14069410 % 7.55619700 % 1.30310880 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.02917370 % 7.63710884 % 1.31951220 %
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 8.94826472
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.45
POOL TRADING FACTOR: 94.59553711
................................................................................
Run: 11/25/97 11:26:27 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 40,062,107.38 7.500000 % 830,032.37
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 21,027,294.17 7.500000 % 64,523.80
A-6 76110FJW4 164,986.80 162,750.22 0.000000 % 2,123.65
A-7 76110FJX2 0.00 0.00 0.741520 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,623,247.03 7.500000 % 8,049.63
M-2 76110FKA0 1,061,700.00 1,049,239.52 7.500000 % 3,219.67
M-3 76110FKB8 690,100.00 682,000.74 7.500000 % 2,092.77
B-1 371,600.00 367,238.77 7.500000 % 1,126.90
B-2 159,300.00 157,430.39 7.500000 % 483.09
B-3 372,446.48 368,075.31 7.500000 % 1,129.46
- -------------------------------------------------------------------------------
106,172,633.28 102,974,383.53 912,781.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 250,046.56 1,080,078.93 0.00 0.00 39,232,075.01
A-2 97,885.02 97,885.02 0.00 0.00 15,683,000.00
A-3 117,002.65 117,002.65 0.00 0.00 18,746,000.00
A-4 12,770.05 12,770.05 0.00 0.00 2,046,000.00
A-5 131,241.29 195,765.09 0.00 0.00 20,962,770.37
A-6 0.00 2,123.65 0.00 0.00 160,626.57
A-7 63,544.53 63,544.53 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,372.92 24,422.55 0.00 0.00 2,615,197.40
M-2 6,548.80 9,768.47 0.00 0.00 1,046,019.85
M-3 4,256.68 6,349.45 0.00 0.00 679,907.97
B-1 2,292.11 3,419.01 0.00 0.00 366,111.87
B-2 982.60 1,465.69 0.00 0.00 156,947.30
B-3 2,297.33 3,426.79 0.00 0.00 366,945.85
- -------------------------------------------------------------------------------
705,240.54 1,618,021.88 0.00 0.00 102,061,602.19
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 932.848400 19.327350 5.822348 25.149698 0.000000 913.521050
A-2 1000.000000 0.000000 6.241473 6.241473 0.000000 1000.000000
A-3 1000.000000 0.000000 6.241473 6.241473 0.000000 1000.000000
A-4 1000.000000 0.000000 6.241471 6.241471 0.000000 1000.000000
A-5 988.264049 3.032561 6.168223 9.200784 0.000000 985.231488
A-6 986.443885 12.871636 0.000000 12.871636 0.000000 973.572249
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 988.263649 3.032561 6.168219 9.200780 0.000000 985.231088
M-2 988.263653 3.032561 6.168221 9.200782 0.000000 985.231092
M-3 988.263643 3.032560 6.168208 9.200768 0.000000 985.231083
B-1 988.263644 3.032562 6.168219 9.200781 0.000000 985.231082
B-2 988.263591 3.032580 6.168236 9.200816 0.000000 985.231011
B-3 988.263629 3.032570 6.168215 9.200785 0.000000 985.231086
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:28 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 21,458.13
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,379.58
SUBSERVICER ADVANCES THIS MONTH 13,665.46
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 13 1,369,641.69
(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 102,061,602.19
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,258
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 596,749.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.89626650 % 4.23540300 % 0.86833020 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.86645720 % 4.25343628 % 0.87340190 %
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 8.56112249
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 168.75
POOL TRADING FACTOR: 96.12797482
................................................................................
Run: 11/25/97 11:26:33 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 79,203,029.88 7.500000 % 1,691,065.22
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 21,455,289.98 9.500000 % 241,580.75
A-8 76110FKP7 156,262.27 149,436.82 0.000000 % 126.11
A-9 76110FKQ5 0.00 0.00 0.784600 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,685,415.05 7.750000 % 3,925.36
M-2 76110FKM4 3,827,000.00 3,820,379.77 7.750000 % 2,243.15
M-3 76110FKN2 2,870,200.00 2,865,234.92 7.750000 % 1,682.33
B-1 1,052,400.00 1,050,579.49 7.750000 % 616.85
B-2 478,400.00 477,572.43 7.750000 % 280.41
B-3 861,188.35 859,698.60 7.750000 % 504.78
- -------------------------------------------------------------------------------
191,342,550.62 187,550,636.94 1,942,024.96
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 494,866.81 2,185,932.03 0.00 0.00 77,511,964.66
A-2 131,109.70 131,109.70 0.00 0.00 20,984,000.00
A-3 68,728.87 68,728.87 0.00 0.00 11,000,000.00
A-4 24,992.32 24,992.32 0.00 0.00 4,000,000.00
A-5 112,986.10 112,986.10 0.00 0.00 17,500,000.00
A-6 105,696.68 105,696.68 0.00 0.00 17,500,000.00
A-7 169,802.18 411,382.93 0.00 0.00 21,213,709.23
A-8 0.00 126.11 0.00 0.00 149,310.71
A-9 122,589.13 122,589.13 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 43,163.37 47,088.73 0.00 0.00 6,681,489.69
M-2 24,665.71 26,908.86 0.00 0.00 3,818,136.62
M-3 18,498.95 20,181.28 0.00 0.00 2,863,552.59
B-1 6,782.90 7,399.75 0.00 0.00 1,049,962.64
B-2 3,083.37 3,363.78 0.00 0.00 477,292.02
B-3 5,550.51 6,055.29 0.00 0.00 859,193.82
- -------------------------------------------------------------------------------
1,332,516.60 3,274,541.56 0.00 0.00 185,608,611.98
===============================================================================
Run: 11/25/97 11:26:33
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-1 960.141469 20.499997 5.999040 26.499037 0.000000 939.641472
A-2 1000.000000 0.000000 6.248079 6.248079 0.000000 1000.000000
A-3 1000.000000 0.000000 6.248079 6.248079 0.000000 1000.000000
A-4 1000.000000 0.000000 6.248080 6.248080 0.000000 1000.000000
A-5 1000.000000 0.000000 6.456349 6.456349 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039810 6.039810 0.000000 1000.000000
A-7 978.576510 11.018506 7.744683 18.763189 0.000000 967.558004
A-8 956.320550 0.807041 0.000000 0.807041 0.000000 955.513509
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.270128 0.586137 6.445180 7.031317 0.000000 997.683991
M-2 998.270125 0.586138 6.445182 7.031320 0.000000 997.683988
M-3 998.270128 0.586137 6.445178 7.031315 0.000000 997.683991
B-1 998.270135 0.586136 6.445173 7.031309 0.000000 997.683999
B-2 998.270130 0.586141 6.445171 7.031312 0.000000 997.683988
B-3 998.270123 0.586132 6.445175 7.031307 0.000000 997.683979
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:34 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 38,927.31
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,922.84
SUBSERVICER ADVANCES THIS MONTH 29,580.62
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 3,420,476.28
(B) TWO MONTHLY PAYMENTS: 3 357,832.44
(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 185,608,611.98
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,661
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 1,831,880.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.59083280 % 7.13497600 % 1.27419170 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.50777160 % 7.19965456 % 1.28677750 %
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 8.85472675
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.18
POOL TRADING FACTOR: 97.00331232
................................................................................
Run: 11/25/97 11:26:35 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FKU6 13,399,900.00 12,867,801.46 7.000000 % 584,294.34
A-2 76110FKV4 20,850,000.00 20,080,939.50 7.000000 % 844,342.23
A-3 76110FKW2 16,320,750.00 16,060,498.19 10.000000 % 285,727.31
A-4 76110FKX0 19,700,543.00 19,700,543.00 7.000000 % 0.00
A-5 76110FKY8 21,419,142.00 21,419,142.00 7.150000 % 0.00
A-6 76110FKZ5 6,323,320.00 6,323,320.00 7.250000 % 0.00
A-7 76110FLA9 16,496,308.00 16,496,308.00 7.250000 % 0.00
A-8 76110FLB7 25,998,036.00 25,660,129.70 7.500000 % 370,983.24
A-9 76110FLC5 5,000,001.00 5,000,001.00 7.375000 % 0.00
A-10 76110FLD3 54,507,000.00 54,507,000.00 7.500000 % 0.00
A-11 76110FLE1 26,409.16 26,370.15 0.000000 % 22.23
A-12 76110FLF8 0.00 0.00 0.890958 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,619,405.35 7.500000 % 4,641.08
M-2 76110FLJ0 4,361,000.00 4,354,373.84 7.500000 % 2,652.31
M-3 76110FLK7 3,270,500.00 3,265,530.76 7.500000 % 1,989.08
B-1 1,199,000.00 1,197,178.22 7.500000 % 729.22
B-2 545,000.00 544,171.92 7.500000 % 331.46
B-3 981,461.72 979,970.48 7.500000 % 596.88
- -------------------------------------------------------------------------------
218,029,470.88 216,102,683.57 2,096,309.38
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 74,899.02 659,193.36 0.00 0.00 12,283,507.12
A-2 116,884.18 961,226.41 0.00 0.00 19,236,597.27
A-3 133,546.56 419,273.87 0.00 0.00 15,774,770.88
A-4 114,670.03 114,670.03 0.00 0.00 19,700,543.00
A-5 127,344.98 127,344.98 0.00 0.00 21,419,142.00
A-6 38,120.35 38,120.35 0.00 0.00 6,323,320.00
A-7 99,448.55 99,448.55 0.00 0.00 16,496,308.00
A-8 160,027.20 531,010.44 0.00 0.00 25,289,146.46
A-9 30,662.37 30,662.37 0.00 0.00 5,000,001.00
A-10 339,928.23 339,928.23 0.00 0.00 54,507,000.00
A-11 0.00 22.23 0.00 0.00 26,347.92
A-12 160,099.99 160,099.99 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,517.76 52,158.84 0.00 0.00 7,614,764.27
M-2 27,155.68 29,807.99 0.00 0.00 4,351,721.53
M-3 20,365.21 22,354.29 0.00 0.00 3,263,541.68
B-1 7,466.10 8,195.32 0.00 0.00 1,196,449.00
B-2 3,393.68 3,725.14 0.00 0.00 543,840.46
B-3 6,111.51 6,708.39 0.00 0.00 979,373.60
- -------------------------------------------------------------------------------
1,507,641.40 3,603,950.78 0.00 0.00 214,006,374.19
===============================================================================
Run: 11/25/97 11:26:35
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 960.290857 43.604381 5.589521 49.193902 0.000000 916.686477
A-2 963.114604 40.496030 5.605956 46.101986 0.000000 922.618574
A-3 984.053931 17.506997 8.182624 25.689621 0.000000 966.546934
A-4 1000.000000 0.000000 5.820653 5.820653 0.000000 1000.000000
A-5 1000.000000 0.000000 5.945382 5.945382 0.000000 1000.000000
A-6 1000.000000 0.000000 6.028534 6.028534 0.000000 1000.000000
A-7 1000.000000 0.000000 6.028534 6.028534 0.000000 1000.000000
A-8 987.002622 14.269664 6.155357 20.425021 0.000000 972.732958
A-9 1000.000000 0.000000 6.132473 6.132473 0.000000 1000.000000
A-10 1000.000000 0.000000 6.236414 6.236414 0.000000 1000.000000
A-11 998.522861 0.841753 0.000000 0.841753 0.000000 997.681108
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.480586 0.608188 6.226937 6.835125 0.000000 997.872398
M-2 998.480587 0.608188 6.226939 6.835127 0.000000 997.872399
M-3 998.480587 0.608188 6.226941 6.835129 0.000000 997.872399
B-1 998.480584 0.608190 6.226939 6.835129 0.000000 997.872394
B-2 998.480587 0.608183 6.226936 6.835119 0.000000 997.872404
B-3 998.480593 0.608185 6.226947 6.835132 0.000000 997.872434
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:36 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 44,817.70
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 12,485.66
SUBSERVICER ADVANCES THIS MONTH 43,966.88
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 4,207,420.31
(B) TWO MONTHLY PAYMENTS: 6 763,107.39
(C) THREE OR MORE MONTHLY PAYMENTS: 2 482,722.80
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 288,000.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 214,006,374.18
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,853
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 1,964,674.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.68783000 % 7.05274400 % 1.25942570 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.61151120 % 7.11662330 % 1.27098920 %
BANKRUPTCY AMOUNT AVAILABLE 220,247.00
FRAUD AMOUNT AVAILABLE 6,459,120.27
SPECIAL HAZARD AMOUNT AVAILABLE 2,180,295.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.71779621
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.16
POOL TRADING FACTOR: 98.15479225
................................................................................
Run: 11/25/97 11:26:42 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4263
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FLL5 53,750,000.00 52,580,113.41 6.750000 % 2,852,590.29
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 22,758,831.35 10.000000 % 518,652.77
A-4 76110FLP6 38,010,000.00 38,010,000.00 6.750000 % 0.00
A-5 76110FLQ4 17,163,462.00 17,163,462.00 6.750000 % 0.00
A-6 76110FLR2 29,977,000.00 29,977,000.00 7.250000 % 0.00
A-7 76110FLS0 16,065,000.00 16,065,000.00 7.250000 % 0.00
A-8 76110FLT8 54,645,000.00 54,645,000.00 7.250000 % 0.00
A-9 76110FLU5 0.00 0.00 1.003235 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,125,031.51 7.250000 % 4,922.07
M-2 76110FLX9 5,420,000.00 5,416,687.67 7.250000 % 3,281.38
M-3 76110FLY2 4,065,000.00 4,062,515.75 7.250000 % 2,461.03
B-1 1,490,500.00 1,489,589.11 7.250000 % 902.38
B-2 677,500.00 677,085.96 7.250000 % 410.17
B-3 1,219,925.82 1,219,180.28 7.250000 % 738.56
- -------------------------------------------------------------------------------
271,005,025.82 269,609,497.04 3,383,958.65
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 295,805.36 3,148,395.65 0.00 0.00 49,727,523.12
A-2 98,001.49 98,001.49 0.00 0.00 17,420,000.00
A-3 189,684.00 708,336.77 0.00 0.00 22,240,178.58
A-4 213,836.77 213,836.77 0.00 0.00 38,010,000.00
A-5 96,558.25 96,558.25 0.00 0.00 17,163,462.00
A-6 181,136.89 181,136.89 0.00 0.00 29,977,000.00
A-7 97,073.23 97,073.23 0.00 0.00 16,065,000.00
A-8 330,194.01 330,194.01 0.00 0.00 54,645,000.00
A-9 225,433.48 225,433.48 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 49,095.74 54,017.81 0.00 0.00 8,120,109.44
M-2 32,730.49 36,011.87 0.00 0.00 5,413,406.29
M-3 24,547.87 27,008.90 0.00 0.00 4,060,054.72
B-1 9,000.88 9,903.26 0.00 0.00 1,488,686.73
B-2 4,091.31 4,501.48 0.00 0.00 676,675.79
B-3 7,366.93 8,105.49 0.00 0.00 1,218,441.72
- -------------------------------------------------------------------------------
1,854,556.70 5,238,515.35 0.00 0.00 266,225,538.39
===============================================================================
Run: 11/25/97 11:26:42
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4263
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 978.234668 53.071447 5.503356 58.574803 0.000000 925.163221
A-2 1000.000000 0.000000 5.625803 5.625803 0.000000 1000.000000
A-3 990.740426 22.578060 8.257349 30.835409 0.000000 968.162366
A-4 1000.000000 0.000000 5.625803 5.625803 0.000000 1000.000000
A-5 1000.000000 0.000000 5.625803 5.625803 0.000000 1000.000000
A-6 1000.000000 0.000000 6.042529 6.042529 0.000000 1000.000000
A-7 1000.000000 0.000000 6.042529 6.042529 0.000000 1000.000000
A-8 1000.000000 0.000000 6.042529 6.042529 0.000000 1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.388870 0.605421 6.038836 6.644257 0.000000 998.783449
M-2 999.388869 0.605421 6.038836 6.644257 0.000000 998.783448
M-3 999.388868 0.605419 6.038836 6.644255 0.000000 998.783449
B-1 999.388870 0.605421 6.038833 6.644254 0.000000 998.783449
B-2 999.388871 0.605417 6.038834 6.644251 0.000000 998.783454
B-3 999.388864 0.605422 6.038834 6.644256 0.000000 998.783449
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:42 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4263
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 60,726.06
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,558.20
SUBSERVICER ADVANCES THIS MONTH 69,485.74
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 82 8,881,388.33
(B) TWO MONTHLY PAYMENTS: 5 290,460.73
(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 266,225,538.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,456
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,220,631.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.21463250 % 6.52953100 % 1.25583680 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.12044990 % 6.60852094 % 1.27102920 %
BANKRUPTCY AMOUNT AVAILABLE 153,458.00
FRAUD AMOUNT AVAILABLE 8,130,151.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,710,050.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.60098881
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.22
POOL TRADING FACTOR: 98.23638421
................................................................................
Run: 11/25/97 11:26:43 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS10 (POOL # 4264)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4264
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 7611OFMN0 199,969,492.00 199,969,492.00 7.250000 % 1,618,489.90
A-2 76110FMP5 10,000,000.00 10,000,000.00 7.250000 % 0.00
A-3 7611OFMQ3 25,143,000.00 25,143,000.00 7.250000 % 0.00
A-4 7611OFMR1 64,916,508.00 64,916,508.00 7.250000 % 43,204.53
A-5 7611OFMS9 76,250.57 76,250.57 0.000000 % 70.93
A-6 7611OFMT7 0.00 0.00 0.953907 % 0.00
R 7611OFMU4 100.00 100.00 7.250000 % 100.00
M-1 7611OFMV2 10,602,000.00 10,602,000.00 7.250000 % 6,489.77
M-2 7611OFMW0 6,524,000.00 6,524,000.00 7.250000 % 3,993.52
M-3 7611OFMX8 4,893,000.00 4,893,000.00 7.250000 % 2,995.14
B-1 7611OFMY6 1,794,000.00 1,794,000.00 7.250000 % 1,098.16
B-2 7611OFMZ3 816,000.00 816,000.00 7.250000 % 499.50
B-3 7611OFNA7 1,468,094.11 1,468,094.11 7.250000 % 898.64
- -------------------------------------------------------------------------------
326,202,444.68 326,202,444.68 1,677,840.09
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,207,873.60 2,826,363.50 0.00 0.00 198,351,002.10
A-2 60,402.90 60,402.90 0.00 0.00 10,000,000.00
A-3 151,871.00 151,871.00 0.00 0.00 25,143,000.00
A-4 392,114.49 435,319.02 0.00 0.00 64,873,303.47
A-5 0.00 70.93 0.00 0.00 76,179.64
A-6 259,246.46 259,246.46 0.00 0.00 0.00
R 0.60 100.60 0.00 0.00 0.00
M-1 64,039.15 70,528.92 0.00 0.00 10,595,510.23
M-2 39,406.84 43,400.36 0.00 0.00 6,520,006.48
M-3 29,555.14 32,550.28 0.00 0.00 4,890,004.86
B-1 10,836.28 11,934.44 0.00 0.00 1,792,901.84
B-2 4,928.88 5,428.38 0.00 0.00 815,500.50
B-3 8,867.72 9,766.36 0.00 0.00 1,467,195.47
- -------------------------------------------------------------------------------
2,229,143.06 3,906,983.15 0.00 0.00 324,524,604.59
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 8.093684 6.040289 14.133973 0.000000 991.906316
A-2 1000.000000 0.000000 6.040290 6.040290 0.000000 1000.000000
A-3 1000.000000 0.000000 6.040290 6.040290 0.000000 1000.000000
A-4 1000.000000 0.665540 6.040289 6.705829 0.000000 999.334460
A-5 1000.000000 0.930223 0.000000 0.930223 0.000000 999.069777
R 1000.0000001000.000000 6.000000 1006.000000 0.000000 0.000000
M-1 1000.000000 0.612127 6.040290 6.652417 0.000000 999.387873
M-2 1000.000000 0.612128 6.040288 6.652416 0.000000 999.387873
M-3 1000.000000 0.612128 6.040290 6.652418 0.000000 999.387873
B-1 1000.000000 0.612129 6.040290 6.652419 0.000000 999.387871
B-2 1000.000000 0.612132 6.040294 6.652426 0.000000 999.387868
B-3 1000.000000 0.612127 6.040294 6.652421 0.000000 999.387887
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:44 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS10 (POOL # 4264)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4264
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 68,116.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 20,465.02
SUBSERVICER ADVANCES THIS MONTH 51,008.30
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 61 6,784,831.64
(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 324,524,604.59
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,822
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 1,478,148.85
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.99785400 % 6.75168100 % 1.25046510 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.96139740 % 6.78084843 % 1.25616200 %
BANKRUPTCY AMOUNT AVAILABLE 206,726.00
FRAUD AMOUNT AVAILABLE 9,786,073.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,262,024.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.53218774
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.42
POOL TRADING FACTOR: 99.48564454
................................................................................
Run: 11/25/97 11:26:45 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS11 (POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4265
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 7611OFLZ4 99,650,000.00 99,650,000.00 7.000000 % 352,147.31
A-2 7611OFMD2 43,142.76 43,142.76 0.000000 % 230.92
A-3 7611OFME0 0.00 0.00 1.006810 % 0.00
R 7611OFMF7 100.00 100.00 7.000000 % 100.00
M-1 7611OFMG5 3,043,000.00 3,043,000.00 7.000000 % 9,002.57
M-2 7611OFMH3 892,000.00 892,000.00 7.000000 % 2,638.94
M-3 7611OFMJ9 419,700.00 419,700.00 7.000000 % 1,241.66
B-1 7611OFMK6 367,000.00 367,000.00 7.000000 % 1,085.75
B-2 7611OFML4 262,400.00 262,400.00 7.000000 % 776.30
B-3 7611OFMM2 263,388.53 263,388.53 7.000000 % 779.23
- -------------------------------------------------------------------------------
104,940,731.29 104,940,731.29 368,002.68
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 580,972.28 933,119.59 0.00 0.00 99,297,852.69
A-2 0.00 230.92 0.00 0.00 42,911.84
A-3 87,997.76 87,997.76 0.00 0.00 0.00
R 0.58 100.58 0.00 0.00 0.00
M-1 17,741.08 26,743.65 0.00 0.00 3,033,997.43
M-2 5,200.47 7,839.41 0.00 0.00 889,361.06
M-3 2,446.90 3,688.56 0.00 0.00 418,458.34
B-1 2,139.65 3,225.40 0.00 0.00 365,914.25
B-2 1,529.83 2,306.13 0.00 0.00 261,623.70
B-3 1,535.60 2,314.83 0.00 0.00 262,609.30
- -------------------------------------------------------------------------------
699,564.15 1,067,566.83 0.00 0.00 104,572,728.61
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 3.533842 5.830128 9.363970 0.000000 996.466159
A-2 1000.000000 5.352462 0.000000 5.352462 0.000000 994.647538
R 1000.0000001000.000000 5.800000 1005.800000 0.000000 0.000000
M-1 1000.000000 2.958452 5.830128 8.788580 0.000000 997.041548
M-2 1000.000000 2.958453 5.830123 8.788576 0.000000 997.041547
M-3 1000.000000 2.958447 5.830117 8.788564 0.000000 997.041554
B-1 1000.000000 2.958447 5.830109 8.788556 0.000000 997.041553
B-2 1000.000000 2.958460 5.830145 8.788605 0.000000 997.041540
B-3 1000.000000 2.958443 5.830132 8.788575 0.000000 997.041519
_______________________________________________________________________________
DETERMINATION DATE 20-November-97
DISTRIBUTION DATE 25-November-97
Run: 11/25/97 11:26:45 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS11 (POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4265
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 21,900.76
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,360.56
SUBSERVICER ADVANCES THIS MONTH 10,076.92
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 12 1,047,530.14
(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 104,572,728.61
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,116
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 57,463.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.99751270 % 4.15138200 % 0.85110490 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.99476390 % 4.15195901 % 0.85157260 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,098,815.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,961,157.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.33437875
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 174.24
POOL TRADING FACTOR: 99.64932331
................................................................................
