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)
October 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 October 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
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: October 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 57,749,201.75 6.900000 % 3,465,170.88
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
- -------------------------------------------------------------------------------
258,459,514.42 181,534,337.38 3,465,170.88
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 332,057.91 3,797,228.79 0.00 0.00 54,284,030.87
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 262,390.07 262,390.07 0.00 0.00 2,326,135.63
- -------------------------------------------------------------------------------
1,349,858.40 4,815,029.28 0.00 0.00 178,069,166.50
===============================================================================
_______________________________________________________________________________
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-2 699.990324 42.002071 4.024944 46.027015 0.000000 657.988253
A-3 1000.000000 0.000000 6.083333 6.083333 0.000000 1000.000000
A-4 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-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 37,161.61
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 886.44
SUBSERVICER ADVANCES THIS MONTH 69,738.40
MASTER SERVICER ADVANCES THIS MONTH 10,083.68
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 4,008,377.60
(B) TWO MONTHLY PAYMENTS: 12 1,156,110.77
(C) THREE OR MORE MONTHLY PAYMENTS: 2 102,107.71
FORECLOSURES
NUMBER OF LOANS 19
AGGREGATE PRINCIPAL BALANCE 3,143,481.31
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 178,069,166.50
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,940
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 1,241,110.90
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,173,611.17
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 104,705.05
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.71862500 % 1.28137500 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.69368980 % 1.30631020 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33078968
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 304.85
POOL TRADING FACTOR: 68.89634800
................................................................................
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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 57,949,191.60 6.250000 % 4,015,456.44
A-I- 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
A-I- 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I- 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I- 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I- 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 16,048,794.83 6.027500 % 676,000.05
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 183,390,716.91 4,691,456.49
===============================================================================
_______________________________________________________________________________
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-2 301,818.71 4,317,275.15 0.00 0.00 53,933,735.16
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 80,611.76 756,611.81 0.00 0.00 15,372,794.78
R 268,425.48 268,425.48 32,432.98 0.00 2,026,594.48
- -------------------------------------------------------------------------------
1,269,246.20 5,960,702.69 32,432.98 0.00 178,699,260.42
===============================================================================
_______________________________________________________________________________
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- 862.518852 59.766267 4.492286 64.258553 0.000000 802.752585
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 546.342547 23.012793 2.744233 25.757026 0.000000 523.329754
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
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Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4194
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 38,909.29
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 95,031.60
MASTER SERVICER ADVANCES THIS MONTH 11,605.76
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 5,999,956.94
(B) TWO MONTHLY PAYMENTS: 9 1,228,373.74
(C) THREE OR MORE MONTHLY PAYMENTS: 3 664,498.06
FORECLOSURES
NUMBER OF LOANS 19
AGGREGATE PRINCIPAL BALANCE 4,147,649.09
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 178,699,260.42
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,493
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 1,443,591.94
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,486,939.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.89493070 % 1.10506930 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.86591890 % 1.13408110 %
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 8.98586200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 315.86
POOL TRADING FACTOR: 69.82018873
................................................................................
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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 10,049,457.52 6.400000 % 3,462,160.62
A-2 76110FAT0 16,000,000.00 16,000,000.00 7.000000 % 0.00
A-3 76110FAU7 28,500,000.00 28,500,000.00 7.050000 % 0.00
A-4 76110FAV5 15,000,000.00 15,000,000.00 7.050000 % 0.00
A-5 76110FAW3 14,000,000.00 14,000,000.00 7.350000 % 0.00
A-6 76110FAX1 10,000,000.00 10,000,000.00 7.450000 % 0.00
A-7 76110FAY9 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-8 76110FAZ6 14,043,411.00 14,043,411.00 7.500000 % 0.00
A-9 76110FBA0 18,190,000.00 18,190,000.00 7.500000 % 0.00
A-10 76110FBB8 178,007.00 173,227.69 0.000000 % 6,912.66
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 153,775,210.39 3,469,073.28
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 53,597.11 3,515,757.73 0.00 0.00 6,587,296.90
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 6,912.66 0.00 0.00 160,939.03
R 161,049.23 161,049.23 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
1,069,917.65 4,538,990.93 0.00 0.00 150,300,761.11
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 251.236438 86.554016 1.339928 87.893944 0.000000 164.682423
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-10 942.949940 38.833641 0.000000 38.833641 0.000000 904.116299
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-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 31,745.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 54,330.94
MASTER SERVICER ADVANCES THIS MONTH 4,369.79
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,289,722.32
(B) TWO MONTHLY PAYMENTS: 6 1,467,094.97
(C) THREE OR MORE MONTHLY PAYMENTS: 1 31,242.29
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 2,252,177.66
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 150,300,761.11
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,423
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 562,390.21
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,329,286.84
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.81698890 % 1.18301110 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.78968400 % 1.21031600 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78265828
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 321.03
POOL TRADING FACTOR: 82.62304959
................................................................................
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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 13,447,191.89 6.780000 % 4,048,944.99
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 20,882,700.99 7.250000 % 566,880.64
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 17,743,630.00 7.750000 % 93,741.77
A-P 76110FBQ5 1,166,695.86 1,082,692.30 0.000000 % 2,023.17
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 12,360,103.01 7.750000 % 21,836.46
M-2 76110FBU6 5,568,000.00 5,493,159.87 7.750000 % 9,704.71
M-3 76110FBV4 4,176,000.00 4,119,869.91 7.750000 % 7,278.53
B-1 1,809,600.00 1,785,276.96 7.750000 % 3,154.03
B-2 696,000.00 686,644.98 7.750000 % 1,213.09
B-3 1,670,738.96 1,648,282.32 7.750000 % 2,912.00
SPRE 0.00 0.00 0.724694 % 0.00
A-V 7611OFHY2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 241,632,114.23 4,757,689.39
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 75,940.12 4,124,885.11 0.00 0.00 9,398,246.90
A-I-2 154,842.22 154,842.22 0.00 0.00 26,000,000.00
A-I-3 64,339.77 64,339.77 0.00 0.00 10,596,000.00
A-I-4 126,105.69 692,986.33 0.00 0.00 20,315,820.35
A-I-5 115,493.65 115,493.65 0.00 0.00 18,587,000.00
A-I-6 140,052.66 140,052.66 0.00 0.00 21,696,000.00
A-I-7 51,945.24 51,945.24 0.00 0.00 8,047,000.00
A-I-8 112,553.39 112,553.39 0.00 0.00 17,436,000.00
A-I-9 162,316.75 162,316.75 0.00 0.00 25,145,000.00
A-I-10 122,649.36 122,649.36 0.00 0.00 19,000,000.00
A-I-11 102,480.40 102,480.40 0.00 0.00 15,875,562.00
A-II 114,539.21 208,280.98 0.00 0.00 17,649,888.23
A-P 0.00 2,023.17 0.00 0.00 1,080,669.13
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 79,787.31 101,623.77 0.00 0.00 12,338,266.55
M-2 35,459.61 45,164.32 0.00 0.00 5,483,455.16
M-3 26,594.70 33,873.23 0.00 0.00 4,112,591.38
B-1 11,524.37 14,678.40 0.00 0.00 1,782,122.93
B-2 4,432.45 5,645.54 0.00 0.00 685,431.89
B-3 10,640.04 13,552.04 0.00 0.00 1,593,596.00
SPRED 145,854.22 145,854.22 0.00 0.00 0.00
A-V 41,104.84 41,104.84 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,698,656.00 6,456,345.39 0.00 0.00 236,822,650.52
===============================================================================
Run: 11/03/97 09:23:21
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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- 313.783500 94.480107 1.772025 96.252132 0.000000 219.303393
A-I- 1000.000000 0.000000 5.955470 5.955470 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.072081 6.072081 0.000000 1000.000000
A-I- 835.308040 22.675226 5.044228 27.719454 0.000000 812.632814
A-I- 1000.000000 0.000000 6.213679 6.213679 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455230 6.455230 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455231 6.455231 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455230 6.455230 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455230 6.455230 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455229 6.455229 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455230 6.455230 0.000000 1000.000000
A-II 863.376568 4.561324 5.573294 10.134618 0.000000 858.815244
A-P 927.998750 1.734101 0.000000 1.734101 0.000000 926.264649
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-1 986.558887 1.742943 6.368465 8.111408 0.000000 984.815944
M-2 986.558885 1.742944 6.368464 8.111408 0.000000 984.815941
M-3 986.558886 1.742943 6.368463 8.111406 0.000000 984.815944
B-1 986.558886 1.742943 6.368463 8.111406 0.000000 984.815943
B-2 986.558879 1.742945 6.368463 8.111408 0.000000 984.815934
B-3 986.558858 1.742941 6.368463 8.111404 0.000000 953.827041
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:23:23 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 50,214.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,485.67
SUBSERVICER ADVANCES THIS MONTH 38,278.05
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,904,529.61
(B) TWO MONTHLY PAYMENTS: 6 632,944.06
(C) THREE OR MORE MONTHLY PAYMENTS: 2 272,560.62
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,019,244.88
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 236,822,650.52
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,152
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 3,922,239.60
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 80,200.88
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.75313850 % 9.09363100 % 1.70515590 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 88.97291700 % 9.26191521 % 1.72271010 %
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 8.76602000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 321.83
POOL TRADING FACTOR: 85.06416052
................................................................................
Run: 11/03/97 09:23:24 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 18,864,734.67 6.850000 % 3,037,425.19
A-I- 76110FBX0 26,945,000.00 17,027,014.61 11.000000 % 1,113,713.75
A-I- 76110FBY8 15,646,000.00 15,646,000.00 7.300000 % 0.00
A-I- 76110FBZ5 32,740,000.00 32,740,000.00 7.500000 % 0.00
A-I- 76110FCA9 10,023,000.00 10,023,000.00 7.700000 % 0.00
A-I- 76110FCB7 26,811,000.00 26,811,000.00 8.000000 % 0.00
A-I- 76110FCC5 18,046,000.00 18,046,000.00 8.000000 % 0.00
A-I- 76110FCD3 9,094,000.00 9,094,000.00 8.000000 % 0.00
A-I- 76110FCE1 10,284,000.00 10,284,000.00 8.000000 % 0.00
A-I- 76110FCF8 27,538,000.00 27,538,000.00 7.900000 % 0.00
A-II 76110FCG6 16,021,000.00 13,227,104.20 7.250000 % 311,394.77
A-II 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,767,737.56 0.000000 % 74,866.79
A-V 76110FGN7 0.00 0.00 0.764701 % 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 13,058,370.19 8.000000 % 13,050.73
M-2 76110FCN1 5,570,800.00 5,498,323.44 8.000000 % 5,495.11
M-3 76110FCP6 4,456,600.00 4,398,619.30 8.000000 % 4,396.05
B-1 76110FCR2 2,228,400.00 2,199,408.35 8.000000 % 2,198.12
B-2 76110FCS0 696,400.00 688,590.75 8.000000 % 688.19
B-3 76110FCT8 1,671,255.97 1,619,834.31 8.000000 % 1,618.89
STRI 0.00 0.00 0.115699 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 238,111,737.38 4,564,847.59
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 107,634.33 3,145,059.52 0.00 0.00 15,827,309.48
A-I-2 156,005.80 1,269,719.55 0.00 0.00 15,913,300.86
A-I-3 95,133.99 95,133.99 0.00 0.00 15,646,000.00
A-I-4 204,526.45 204,526.45 0.00 0.00 32,740,000.00
A-I-5 64,283.28 64,283.28 0.00 0.00 10,023,000.00
A-I-6 178,653.92 178,653.92 0.00 0.00 26,811,000.00
A-I-7 120,248.73 120,248.73 0.00 0.00 18,046,000.00
A-I-8 60,597.47 60,597.47 0.00 0.00 9,094,000.00
A-I-9 68,526.98 68,526.98 0.00 0.00 10,284,000.00
A-I-10 181,204.52 181,204.52 0.00 0.00 27,538,000.00
A-II-1 79,875.26 391,270.03 0.00 0.00 12,915,709.43
A-II-2 54,671.16 54,671.16 0.00 0.00 8,580,000.00
A-P 0.00 74,866.79 0.00 0.00 2,692,870.77
A-V 151,663.79 151,663.79 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 87,013.87 100,064.60 0.00 0.00 13,045,319.46
M-2 36,637.84 42,132.95 0.00 0.00 5,492,828.33
M-3 29,310.01 33,706.06 0.00 0.00 4,394,223.25
B-1 14,655.66 16,853.78 0.00 0.00 2,197,210.23
B-2 4,588.40 5,276.59 0.00 0.00 687,902.56
B-3 10,793.70 12,412.59 0.00 0.00 1,618,215.43
STRIP 13,843.02 13,843.02 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,719,868.18 6,284,715.77 0.00 0.00 233,546,889.80
===============================================================================
Run: 11/03/97 09:23:24
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- 410.871078 66.154663 2.344259 68.498922 0.000000 344.716415
A-I- 631.917410 41.332854 5.789787 47.122641 0.000000 590.584556
A-I- 1000.000000 0.000000 6.080403 6.080403 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.246990 6.246990 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.413577 6.413577 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663456 6.663456 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663456 6.663456 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663456 6.663456 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663456 6.663456 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.580163 6.580163 0.000000 1000.000000
A-II 825.610399 19.436663 4.985660 24.422323 0.000000 806.173736
A-II 1000.000000 0.000000 6.371930 6.371930 0.000000 1000.000000
A-P 910.548417 24.630165 0.000000 24.630165 0.000000 885.918252
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-1 986.989924 0.986412 6.576764 7.563176 0.000000 986.003512
M-2 986.989919 0.986413 6.576765 7.563178 0.000000 986.003506
M-3 986.989925 0.986413 6.576765 7.563178 0.000000 986.003512
B-1 986.989926 0.986412 6.576764 7.563176 0.000000 986.003514
B-2 988.786258 0.988211 6.588742 7.576953 0.000000 987.798047
B-3 969.231727 0.968667 6.458436 7.427103 0.000000 968.263064
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:23:26 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 48,917.97
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 60,164.29
MASTER SERVICER ADVANCES THIS MONTH 8,343.76
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 4,750,060.48
(B) TWO MONTHLY PAYMENTS: 5 697,635.84
(C) THREE OR MORE MONTHLY PAYMENTS: 1 497,580.13
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,394,558.39
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 233,546,889.80
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,327
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,058,230.87
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,321,321.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.30390860 % 9.64056300 % 1.89315880 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.11556350 % 9.81917210 % 1.95072550 %
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 9.00113700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 312.77
POOL TRADING FACTOR: 83.84807083
................................................................................
Run: 11/03/97 09:23:28 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 14,436,450.92 9.500000 % 1,227,904.82
A-I- 76110FCV3 25,000,000.00 19,394,163.43 7.600000 % 731,381.59
A-I- 76110FCW1 12,373,000.00 3,576,422.22 6.650000 % 1,147,670.82
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 9,353,123.68 8.000000 % 137,501.47
A-II 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 1,049,017.97 0.000000 % 25,044.50
A-V 76110FGP2 0.00 0.00 0.871983 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,840,974.89 8.000000 % 6,942.66
M-2 76110FDK6 3,958,800.00 3,920,041.87 8.000000 % 3,470.93
M-3 76110FDL4 2,815,100.00 2,787,539.12 8.000000 % 2,468.18
B-1 76110FDM2 1,407,600.00 1,393,819.06 8.000000 % 1,234.13
B-2 76110FDN0 439,800.00 435,494.20 8.000000 % 385.60
B-3 76110FDP5 1,055,748.52 1,045,412.29 8.000000 % 925.64
- -------------------------------------------------------------------------------
175,944,527.21 150,092,459.65 3,284,930.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 114,154.45 1,342,059.27 0.00 0.00 13,208,546.10
A-I-2 122,685.55 854,067.14 0.00 0.00 18,662,781.84
A-I-3 19,796.08 1,167,466.90 0.00 0.00 2,428,751.40
A-I-4 44,027.44 44,027.44 0.00 0.00 7,100,000.00
A-I-5 64,125.66 64,125.66 0.00 0.00 10,137,000.00
A-I-6 36,084.60 36,084.60 0.00 0.00 5,558,000.00
A-I-7 112,707.58 112,707.58 0.00 0.00 16,926,000.00
A-I-8 45,839.47 45,839.47 0.00 0.00 6,884,000.00
A-I-9 74,772.15 74,772.15 0.00 0.00 11,229,000.00
A-I-10 149,830.63 149,830.63 0.00 0.00 22,501,000.00
A-II-1 62,280.98 199,782.45 0.00 0.00 9,215,622.21
A-II-2 30,131.27 30,131.27 0.00 0.00 4,525,000.00
A-P 0.00 25,044.50 0.00 0.00 1,023,973.47
A-V 108,937.11 108,937.11 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 52,211.83 59,154.49 0.00 0.00 7,834,032.23
M-2 26,102.94 29,573.87 0.00 0.00 3,916,570.94
M-3 18,561.78 21,029.96 0.00 0.00 2,785,070.94
B-1 9,281.23 10,515.36 0.00 0.00 1,392,584.93
B-2 2,899.88 3,285.48 0.00 0.00 435,108.60
B-3 6,961.24 7,886.88 0.00 0.00 1,044,486.65
- -------------------------------------------------------------------------------
1,101,391.87 4,386,322.21 0.00 0.00 146,807,529.31
===============================================================================
Run: 11/03/97 09:23:28
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- 605.352689 51.488797 4.786752 56.275549 0.000000 553.863892
A-I- 775.766537 29.255264 4.907422 34.162686 0.000000 746.511274
A-I- 289.050531 92.756067 1.599942 94.356009 0.000000 196.294464
A-I- 1000.000000 0.000000 6.201048 6.201048 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.325901 6.325901 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.492371 6.492371 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658843 6.658843 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658842 6.658842 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658843 6.658843 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658843 6.658843 0.000000 1000.000000
A-II 837.943351 12.318713 5.579733 17.898446 0.000000 825.624638
A-II 1000.000000 0.000000 6.658844 6.658844 0.000000 1000.000000
A-P 948.583221 22.646694 0.000000 22.646694 0.000000 925.936527
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 990.209622 0.876765 6.593652 7.470417 0.000000 989.332857
M-2 990.209627 0.876763 6.593650 7.470413 0.000000 989.332864
M-3 990.209627 0.876765 6.593649 7.470414 0.000000 989.332862
B-1 990.209619 0.876762 6.593656 7.470418 0.000000 989.332857
B-2 990.209641 0.876762 6.593633 7.470395 0.000000 989.332879
B-3 990.209572 0.876762 6.593654 7.470416 0.000000 989.332807
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:23:29 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 30,903.68
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,834.74
MASTER SERVICER ADVANCES THIS MONTH 336.67
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 4,875,486.35
(B) TWO MONTHLY PAYMENTS: 7 823,549.77
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 571,524.62
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 146,807,529.31
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,447
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 39,455.69
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,148,999.62
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.69271990 % 9.69306200 % 1.91530310 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.05910980 % 9.90117753 % 1.97016750 %
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 9.15159200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 319.31
POOL TRADING FACTOR: 83.43966797
................................................................................
Run: 11/03/97 09:23:31 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FDQ3 20,106,154.00 6,891,880.78 7.050000 % 2,005,265.40
A-I- 76110FDR1 43,322,483.00 30,768,923.64 6.056250 % 1,905,002.10
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 18,320,535.00 8.000000 % 76,809.93
A-P 76110FED1 601,147.92 516,529.58 0.000000 % 9,176.62
A-V 76110FGQ0 0.00 0.00 0.816381 % 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 9,039,814.25 8.000000 % 7,920.48
M-2 76110FEH2 5,126,400.00 5,084,337.63 8.000000 % 4,454.78
M-3 76110FEJ8 3,645,500.00 3,615,588.47 8.000000 % 3,167.90
B-1 1,822,700.00 1,807,744.65 8.000000 % 1,583.90
B-2 569,600.00 564,926.41 8.000000 % 494.98
B-3 1,366,716.75 1,355,502.77 8.000000 % 1,187.66
- -------------------------------------------------------------------------------
227,839,864.67 200,026,146.18 4,015,063.75
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 40,471.64 2,045,737.04 0.00 0.00 4,886,615.38
A-I-2 155,217.25 2,060,219.35 0.00 0.00 28,863,921.54
A-I-3 75,446.16 75,446.16 0.00 0.00 0.00
A-I-4 79,116.99 79,116.99 0.00 0.00 13,330,948.00
A-I-5 158,095.92 158,095.92 0.00 0.00 24,973,716.00
A-I-6 495.06 495.06 0.00 0.00 0.00
A-I-7 6,413.79 6,413.79 0.00 0.00 1,000,000.00
A-I-8 61,185.61 61,185.61 0.00 0.00 9,539,699.00
A-I-9 150,105.96 150,105.96 0.00 0.00 22,526,000.00
A-I-10 77,631.83 77,631.83 0.00 0.00 11,650,000.00
A-I-11 202,715.69 202,715.69 0.00 0.00 30,421,000.00
A-I-12 57,434.22 57,434.22 0.00 0.00 8,619,000.00
A-II 122,082.11 198,892.04 0.00 0.00 18,243,725.07
A-P 0.00 9,176.62 0.00 0.00 507,352.96
A-V 136,020.21 136,020.21 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 60,238.40 68,158.88 0.00 0.00 9,031,893.77
M-2 33,880.37 38,335.15 0.00 0.00 5,079,882.85
M-3 24,093.11 27,261.01 0.00 0.00 3,612,420.57
B-1 12,046.22 13,630.12 0.00 0.00 1,806,160.75
B-2 3,764.49 4,259.47 0.00 0.00 564,431.43
B-3 9,032.64 10,220.30 0.00 0.00 1,354,315.11
- -------------------------------------------------------------------------------
1,465,487.67 5,480,551.42 0.00 0.00 196,011,082.43
===============================================================================
Run: 11/03/97 09:23:31
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 342.774694 99.733912 2.012898 101.746810 0.000000 243.040781
A-I- 710.229920 43.972597 3.582834 47.555431 0.000000 666.257323
A-I- 1000.000000 0.000000 5.934836 5.934836 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.330492 6.330492 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.413790 6.413790 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.413788 6.413788 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663676 6.663676 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663676 6.663676 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663676 6.663676 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663676 6.663676 0.000000 1000.000000
A-II 911.288052 3.820629 6.072528 9.893157 0.000000 907.467423
A-P 859.238738 15.265164 0.000000 15.265164 0.000000 843.973574
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-1 991.794950 0.868988 6.609001 7.477989 0.000000 990.925962
M-2 991.794950 0.868988 6.608999 7.477987 0.000000 990.925962
M-3 991.794944 0.868989 6.609000 7.477989 0.000000 990.925955
B-1 991.794947 0.868986 6.608998 7.477984 0.000000 990.925962
B-2 991.794961 0.868996 6.609006 7.478002 0.000000 990.925966
B-3 991.794949 0.868988 6.609007 7.477995 0.000000 990.925963
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:23:33 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 41,289.93
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 53,799.17
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 4,859,805.90
(B) TWO MONTHLY PAYMENTS: 8 994,219.10
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 842,067.06
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 196,011,082.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,905
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 3,836,159.96
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.00921500 % 8.86871100 % 1.86384330 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.02880040 % 9.04244646 % 1.90528710 %
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 9.12680000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 322.48
POOL TRADING FACTOR: 86.03019613
................................................................................
Run: 11/03/97 09:18:06 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-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 3,439,792.45 7.400000 % 61,118.52
A-2 76110FEL3 4,074,824.00 2,733,639.68 7.300000 % 146,322.91
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 27,677,567.64 6.156250 % 425,706.83
A-8 76110FES8 0.00 0.00 2.843750 % 0.00
A-9 76110FET6 32,965,000.00 23,288,629.24 0.000000 % 1,055,689.91
A-10 76110FEU3 20,953,719.00 20,765,732.39 7.400000 % 20,509.28
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 115,824.70 113,861.22 0.000000 % 0.00
A-15 76110FGR8 0.00 0.00 0.900128 % 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 6,619,927.20 7.750000 % 0.00
M-2 76110FFC2 4,440,700.00 4,413,317.93 7.750000 % 0.00
M-3 76110FFD0 3,108,500.00 3,089,332.49 7.750000 % 0.00
B-1 1,509,500.00 1,500,192.19 7.750000 % 0.00
B-2 444,000.00 441,262.24 7.750000 % 0.00
B-3 1,154,562.90 1,147,443.51 7.750000 % 0.00
- -------------------------------------------------------------------------------
177,623,205.60 161,846,510.18 1,709,347.45
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 21,212.05 82,330.57 0.00 0.00 3,378,673.93
A-2 16,629.64 162,952.55 0.00 0.00 2,587,316.77
A-3 77,128.21 77,128.21 0.00 0.00 13,128,206.00
A-4 22,904.65 22,904.65 0.00 0.00 3,765,148.00
A-5 64,750.00 64,750.00 0.00 0.00 10,500,000.00
A-6 16,036.42 16,036.42 0.00 0.00 2,600,500.00
A-7 141,991.69 567,698.52 0.00 0.00 27,251,860.81
A-8 65,590.07 65,590.07 0.00 0.00 0.00
A-9 142,551.02 1,198,240.93 0.00 0.00 22,232,939.33
A-10 128,055.35 148,564.63 0.00 0.00 20,745,223.11
A-11 90,255.21 90,255.21 0.00 0.00 13,975,000.00
A-12 12,916.67 12,916.67 0.00 0.00 2,000,000.00
A-13 133,344.94 133,344.94 0.00 0.00 20,646,958.00
A-14 0.00 0.00 0.00 0.00 113,861.22
A-15 121,402.12 121,402.12 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 2,260.80 2,260.80 0.00 0.00 6,619,927.20
M-2 0.00 0.00 0.00 0.00 4,413,317.93
M-3 0.00 0.00 0.00 0.00 3,089,332.49
B-1 0.00 0.00 0.00 0.00 1,500,192.19
B-2 0.00 0.00 0.00 0.00 441,262.24
B-3 0.00 0.00 0.00 0.00 1,136,265.96
- -------------------------------------------------------------------------------
1,057,028.84 2,766,376.29 0.00 0.00 160,125,985.18
===============================================================================
Run: 11/03/97 09:18:06
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-1 859.948113 15.279630 5.303013 20.582643 0.000000 844.668483
A-2 670.860798 35.909014 4.081070 39.990084 0.000000 634.951784
A-3 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-4 1000.000000 0.000000 6.083333 6.083333 0.000000 1000.000000
A-5 1000.000000 0.000000 6.166667 6.166667 0.000000 1000.000000
A-6 1000.000000 0.000000 6.166668 6.166668 0.000000 1000.000000
A-7 876.439222 13.480453 4.496316 17.976769 0.000000 862.958769
A-9 706.465319 32.024569 4.324314 36.348883 0.000000 674.440750
A-10 991.028485 0.978790 6.111342 7.090132 0.000000 990.049695
A-11 1000.000000 0.000000 6.458333 6.458333 0.000000 1000.000000
A-12 1000.000000 0.000000 6.458335 6.458335 0.000000 1000.000000
A-13 1000.000000 0.000000 6.458333 6.458333 0.000000 1000.000000
A-14 983.047830 0.000000 0.000000 0.000000 0.000000 983.047830
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-1 993.833839 0.000000 0.339408 0.339408 0.000000 993.833839
M-2 993.833839 0.000000 0.000000 0.000000 0.000000 993.833839
M-3 993.833839 0.000000 0.000000 0.000000 0.000000 993.833840
B-1 993.833846 0.000000 0.000000 0.000000 0.000000 993.833846
B-2 993.833874 0.000000 0.000000 0.000000 0.000000 993.833874
B-3 993.833692 0.000000 0.000000 0.000000 0.000000 984.152498
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:18:08 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 33,579.46
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 43,981.24
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 2,139,665.15
(B) TWO MONTHLY PAYMENTS: 23 2,180,212.06
(C) THREE OR MORE MONTHLY PAYMENTS: 2 122,867.99
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 1,109,903.46
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 160,125,985.18
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,511
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 1,615,492.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.35806980 % 8.73205100 % 1.90987900 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.25062830 % 8.81966634 % 1.92342950 %
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 8.97372037
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.80
POOL TRADING FACTOR: 90.14924860
................................................................................
Run: 11/03/97 09:18:35 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 21,704,553.66 6.750000 % 2,219,335.81
A-2 76110FFF5 10,146,000.00 7,427,541.96 6.750000 % 522,196.68
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 28,453,380.88 11.000000 % 587,471.23
A-7 76110FFL2 17,652,000.00 17,652,000.00 6.750000 % 0.00
A-8 76110FFM0 5,655,589.00 5,655,589.00 6.750000 % 0.00
A-9 76110FFN8 19,068,000.00 19,068,000.00 6.750000 % 0.00
A-10 76110FFP3 10,267,765.00 10,267,765.00 6.750000 % 0.00
A-11 76110FFQ1 47,506,000.00 47,506,000.00 7.500000 % 0.00
A-12 76110FFR9 212,947.62 211,206.72 0.000000 % 264.11
A-13 76110FFS7 0.00 0.00 0.963554 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,337,236.24 7.500000 % 5,910.35
M-2 76110FFW8 6,251,000.00 6,224,492.24 7.500000 % 3,940.02
M-3 76110FFW8 4,375,700.00 4,357,144.57 7.500000 % 2,758.02
B-1 1,624,900.00 1,618,009.51 7.500000 % 1,024.18
B-2 624,800.00 622,150.49 7.500000 % 393.81
B-3 1,500,282.64 1,493,920.60 7.500000 % 945.63
- -------------------------------------------------------------------------------
250,038,730.26 232,605,990.87 3,344,239.84
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 122,026.04 2,341,361.85 0.00 0.00 19,485,217.85
A-2 41,758.68 563,955.36 0.00 0.00 6,905,345.28
A-3 139,519.04 139,519.04 0.00 0.00 24,816,000.00
A-4 89,605.67 89,605.67 0.00 0.00 15,938,000.00
A-5 57,643.81 57,643.81 0.00 0.00 10,253,000.00
A-6 260,690.06 848,161.29 0.00 0.00 27,865,909.65
A-7 99,242.02 99,242.02 0.00 0.00 17,652,000.00
A-8 31,796.52 31,796.52 0.00 0.00 5,655,589.00
A-9 107,202.97 107,202.97 0.00 0.00 19,068,000.00
A-10 57,726.82 57,726.82 0.00 0.00 10,267,765.00
A-11 296,761.56 296,761.56 0.00 0.00 47,506,000.00
A-12 0.00 264.11 0.00 0.00 210,942.61
A-13 186,678.66 186,678.66 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 58,328.06 64,238.41 0.00 0.00 9,331,325.89
M-2 38,883.30 42,823.32 0.00 0.00 6,220,552.22
M-3 27,218.31 29,976.33 0.00 0.00 4,354,386.55
B-1 10,107.42 11,131.60 0.00 0.00 1,616,985.33
B-2 3,886.46 4,280.27 0.00 0.00 621,756.68
B-3 9,332.25 10,277.88 0.00 0.00 1,492,974.97
- -------------------------------------------------------------------------------
1,638,407.65 4,982,647.49 0.00 0.00 229,261,751.03
===============================================================================
Run: 11/03/97 09:18:35
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-1 652.611512 66.730886 3.669073 70.399959 0.000000 585.880626
A-2 732.066032 51.468232 4.115778 55.584010 0.000000 680.597800
A-3 1000.000000 0.000000 5.622141 5.622141 0.000000 1000.000000
A-4 1000.000000 0.000000 5.622140 5.622140 0.000000 1000.000000
A-5 1000.000000 0.000000 5.622141 5.622141 0.000000 1000.000000
A-6 902.948100 18.642988 8.272816 26.915804 0.000000 884.305112
A-7 1000.000000 0.000000 5.622140 5.622140 0.000000 1000.000000
A-8 1000.000000 0.000000 5.622141 5.622141 0.000000 1000.000000
A-9 1000.000000 0.000000 5.622140 5.622140 0.000000 1000.000000
A-10 1000.000000 0.000000 5.622141 5.622141 0.000000 1000.000000
A-11 1000.000000 0.000000 6.246823 6.246823 0.000000 1000.000000
A-12 991.824750 1.240258 0.000000 1.240258 0.000000 990.584492
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.759437 0.630303 6.220333 6.850636 0.000000 995.129134
M-2 995.759437 0.630302 6.220333 6.850635 0.000000 995.129135
M-3 995.759437 0.630304 6.220333 6.850637 0.000000 995.129134
B-1 995.759438 0.630303 6.220334 6.850637 0.000000 995.129134
B-2 995.759427 0.630298 6.220327 6.850625 0.000000 995.129129
B-3 995.759439 0.630301 6.220328 6.850629 0.000000 995.129138
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:18:37 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 48,510.08
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,255.45
SUBSERVICER ADVANCES THIS MONTH 35,197.70
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 3,446,386.82
(B) TWO MONTHLY PAYMENTS: 5 616,229.58
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 458,612.66
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 229,261,751.03
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,128
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 3,196,924.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.82208070 % 8.57113600 % 1.60678330 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.68002700 % 8.68276744 % 1.62920930 %
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 8.78805339
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.50
POOL TRADING FACTOR: 91.69049563
................................................................................
Run: 11/03/97 09:18:51 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 27,427,025.10 9.000000 % 961,359.71
A-2 76110FFZ1 37,000,000.00 29,061,752.38 7.250000 % 2,072,910.05
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 8,734,384.80 7.250000 % 330,489.37
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 130,561.76 128,882.62 0.000000 % 586.41
A-10 76110FGH0 0.00 0.00 0.733605 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,914,422.30 7.750000 % 3,016.13
M-2 76110FGL1 4,109,600.00 4,095,285.48 7.750000 % 2,513.40
M-3 76110FGM9 2,630,200.00 2,621,038.51 7.750000 % 1,608.61
B-1 1,068,500.00 1,064,778.21 7.750000 % 653.49
B-2 410,900.00 409,468.76 7.750000 % 251.30
B-3 821,738.81 818,876.55 7.750000 % 502.57
- -------------------------------------------------------------------------------
164,383,983.57 151,448,127.71 3,373,891.04
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 205,638.96 1,166,998.67 0.00 0.00 26,465,665.39
A-2 175,527.02 2,248,437.07 0.00 0.00 26,988,842.33
A-3 31,406.94 31,406.94 0.00 0.00 5,200,000.00
A-4 109,924.26 109,924.26 0.00 0.00 18,200,000.00
A-5 52,753.89 383,243.26 0.00 0.00 8,403,895.43
A-6 44,521.92 44,521.92 0.00 0.00 7,371,430.00
A-7 67,150.91 67,150.91 0.00 0.00 10,400,783.00
A-8 200,146.30 200,146.30 0.00 0.00 31,000,000.00
A-9 0.00 586.41 0.00 0.00 128,296.21
A-10 92,557.20 92,557.20 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,729.15 34,745.28 0.00 0.00 4,911,406.17
M-2 26,440.53 28,953.93 0.00 0.00 4,092,772.08
M-3 16,922.30 18,530.91 0.00 0.00 2,619,429.90
B-1 6,874.56 7,528.05 0.00 0.00 1,064,124.72
B-2 2,643.67 2,894.97 0.00 0.00 409,217.46
B-3 5,286.94 5,789.51 0.00 0.00 818,373.98
- -------------------------------------------------------------------------------
1,069,524.55 4,443,415.59 0.00 0.00 148,074,236.67
===============================================================================
Run: 11/03/97 09:18:51
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-1 881.654962 30.903372 6.610364 37.513736 0.000000 850.751590
A-2 785.452767 56.024596 4.743974 60.768570 0.000000 729.428171
A-3 1000.000000 0.000000 6.039796 6.039796 0.000000 1000.000000
A-4 1000.000000 0.000000 6.039795 6.039795 0.000000 1000.000000
A-5 873.438480 33.048937 5.275389 38.324326 0.000000 840.389543
A-6 1000.000000 0.000000 6.039794 6.039794 0.000000 1000.000000
A-7 1000.000000 0.000000 6.456332 6.456332 0.000000 1000.000000
A-8 1000.000000 0.000000 6.456332 6.456332 0.000000 1000.000000
A-9 987.139113 4.491438 0.000000 4.491438 0.000000 982.647676
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.516810 0.611593 6.433845 7.045438 0.000000 995.905217
M-2 996.516809 0.611592 6.433845 7.045437 0.000000 995.905217
M-3 996.516809 0.611592 6.433845 7.045437 0.000000 995.905216
B-1 996.516809 0.611596 6.433842 7.045438 0.000000 995.905213
B-2 996.516817 0.611584 6.433853 7.045437 0.000000 995.905232
B-3 996.516825 0.611581 6.433845 7.045426 0.000000 995.905232
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:18:53 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 31,277.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 30,783.04
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 2,525,853.27
(B) TWO MONTHLY PAYMENTS: 6 1,193,069.85
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 235,611.79
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 148,074,236.67
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,411
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 3,280,925.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.79834840 % 7.68623100 % 1.51542090 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.59431830 % 7.84985181 % 1.54902270 %
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 8.80539052
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.36
POOL TRADING FACTOR: 90.07826277
................................................................................
Run: 11/03/97 09:19:02 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 26,064,422.78 7.250000 % 1,709,670.39
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 13,646,977.94 9.500000 % 488,477.25
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 105,796.32 0.000000 % 108.72
A-10 76110FHB2 0.00 0.00 0.745516 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,330,880.62 7.750000 % 3,269.82
M-2 76110FHE6 4,112,900.00 4,100,731.09 7.750000 % 2,515.28
M-3 76110FHF3 2,632,200.00 2,624,412.06 7.750000 % 1,609.75
B-1 1,069,400.00 1,066,235.95 7.750000 % 654.00
B-2 411,200.00 409,983.38 7.750000 % 251.47
B-3 823,585.68 821,148.89 7.750000 % 503.68
- -------------------------------------------------------------------------------
164,514,437.18 156,698,589.03 2,207,060.36
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 157,364.52 1,867,034.91 0.00 0.00 24,354,752.39
A-2 166,004.79 166,004.79 0.00 0.00 26,579,000.00
A-3 105,059.13 105,059.13 0.00 0.00 16,821,000.00
A-4 151,602.18 151,602.18 0.00 0.00 23,490,000.00
A-5 46,067.95 46,067.95 0.00 0.00 7,138,000.00
A-6 6,453.90 6,453.90 0.00 0.00 1,000,000.00
A-7 107,964.46 596,441.71 0.00 0.00 13,158,500.69
A-8 177,482.33 177,482.33 0.00 0.00 27,500,000.00
A-9 0.00 108.72 0.00 0.00 105,687.60
A-10 97,284.28 97,284.28 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 34,404.98 37,674.80 0.00 0.00 5,327,610.80
M-2 26,465.72 28,981.00 0.00 0.00 4,098,215.81
M-3 16,937.70 18,547.45 0.00 0.00 2,622,802.31
B-1 6,881.39 7,535.39 0.00 0.00 1,065,581.95
B-2 2,645.99 2,897.46 0.00 0.00 409,731.91
B-3 5,299.61 5,803.29 0.00 0.00 820,645.21
- -------------------------------------------------------------------------------
1,107,918.93 3,314,979.29 0.00 0.00 154,491,528.67
===============================================================================
Run: 11/03/97 09:19:02
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-1 811.748195 53.245831 4.900947 58.146778 0.000000 758.502364
A-2 1000.000000 0.000000 6.245712 6.245712 0.000000 1000.000000
A-3 1000.000000 0.000000 6.245713 6.245713 0.000000 1000.000000
A-4 1000.000000 0.000000 6.453903 6.453903 0.000000 1000.000000
A-5 1000.000000 0.000000 6.453902 6.453902 0.000000 1000.000000
A-6 1000.000000 0.000000 6.453900 6.453900 0.000000 1000.000000
A-7 887.666056 31.772945 7.022535 38.795480 0.000000 855.893111
A-8 1000.000000 0.000000 6.453903 6.453903 0.000000 1000.000000
A-9 985.513197 1.012748 0.000000 1.012748 0.000000 984.500450
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.041282 0.611559 6.434807 7.046366 0.000000 996.429723
M-2 997.041282 0.611559 6.434808 7.046367 0.000000 996.429724
M-3 997.041281 0.611561 6.434807 7.046368 0.000000 996.429720
B-1 997.041285 0.611558 6.434814 7.046372 0.000000 996.429727
B-2 997.041294 0.611552 6.434801 7.046353 0.000000 996.429742
B-3 997.041243 0.611558 6.434801 7.046359 0.000000 996.429678
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:19:05 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 32,491.82
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,333.38
SUBSERVICER ADVANCES THIS MONTH 30,973.21
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 3,576,177.42
(B) TWO MONTHLY PAYMENTS: 1 161,266.03
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 261,157.76
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 154,491,528.67
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,425
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 2,110,932.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.83393830 % 7.69896500 % 1.46709700 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.70861170 % 7.79889294 % 1.48715650 %
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 8.81321785
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.50
POOL TRADING FACTOR: 93.90758119
................................................................................
Run: 11/03/97 09:19:23 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 37,704,408.35 7.250000 % 2,925,710.67
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 23,270,110.44 10.000000 % 650,157.85
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 155,284.33 154,763.24 0.000000 % 126.16
A-9 76110FHT3 0.00 0.00 0.753198 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,169,716.35 7.750000 % 4,315.33
M-2 76110FHW6 4,975,300.00 4,963,611.40 7.750000 % 2,987.51
M-3 76110FHX4 3,316,900.00 3,309,107.53 7.750000 % 1,991.70
B-1 1,216,200.00 1,213,342.75 7.750000 % 730.29
B-2 552,900.00 551,601.06 7.750000 % 332.00
B-3 995,114.30 992,776.45 7.750000 % 597.53
- -------------------------------------------------------------------------------
221,126,398.63 214,328,183.57 3,586,949.04
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 227,742.11 3,153,452.78 0.00 0.00 34,778,697.68
A-2 216,088.11 216,088.11 0.00 0.00 35,775,000.00
A-3 135,291.67 135,291.67 0.00 0.00 22,398,546.00
A-4 193,870.47 844,028.32 0.00 0.00 22,619,952.59
A-5 110,442.54 110,442.54 0.00 0.00 17,675,100.00
A-6 46,166.51 46,166.51 0.00 0.00 7,150,100.00
A-7 335,751.72 335,751.72 0.00 0.00 52,000,000.00
A-8 0.00 126.16 0.00 0.00 154,637.08
A-9 134,493.53 134,493.53 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,293.17 50,608.50 0.00 0.00 7,165,401.02
M-2 32,048.87 35,036.38 0.00 0.00 4,960,623.89
M-3 21,366.13 23,357.83 0.00 0.00 3,307,115.83
B-1 7,834.27 8,564.56 0.00 0.00 1,212,612.46
B-2 3,561.55 3,893.55 0.00 0.00 551,269.06
B-3 6,410.12 7,007.65 0.00 0.00 992,178.92
- -------------------------------------------------------------------------------
1,517,360.77 5,104,309.81 0.00 0.00 210,741,234.53
===============================================================================
Run: 11/03/97 09:19:23
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-1 872.161172 67.676204 5.268027 72.944231 0.000000 804.484968
A-2 1000.000000 0.000000 6.040199 6.040199 0.000000 1000.000000
A-3 1000.000000 0.000000 6.040199 6.040199 0.000000 1000.000000
A-4 949.868506 26.538957 7.913648 34.452605 0.000000 923.329549
A-5 1000.000000 0.000000 6.248482 6.248482 0.000000 1000.000000
A-6 1000.000000 0.000000 6.456764 6.456764 0.000000 1000.000000
A-7 1000.000000 0.000000 6.456764 6.456764 0.000000 1000.000000
A-8 996.644285 0.812445 0.000000 0.812445 0.000000 995.831840
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.650676 0.600469 6.441595 7.042064 0.000000 997.050207
M-2 997.650674 0.600468 6.441595 7.042063 0.000000 997.050206
M-3 997.650677 0.600470 6.441596 7.042066 0.000000 997.050207
B-1 997.650674 0.600469 6.441597 7.042066 0.000000 997.050206
B-2 997.650678 0.600470 6.441581 7.042051 0.000000 997.050208
B-3 997.650672 0.600474 6.441592 7.042066 0.000000 997.050210
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:19:26 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 44,352.81
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,054.86
SUBSERVICER ADVANCES THIS MONTH 47,523.49
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 4,656,533.17
(B) TWO MONTHLY PAYMENTS: 1 34,761.84
(C) THREE OR MORE MONTHLY PAYMENTS: 2 173,985.64
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,331,378.67
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 210,741,234.53
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,908
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 3,457,924.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.50214090 % 7.21024800 % 1.28761090 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.36260270 % 7.32326579 % 1.30875400 %
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 8.82133825
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.45
POOL TRADING FACTOR: 95.30351683
................................................................................
Run: 11/03/97 09:19:30 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 28,989,829.86 7.250000 % 1,472,071.08
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 28,340,595.21 10.000000 % 552,026.65
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 340,158.57 338,540.86 0.000000 % 330.04
A-11 76110FJK0 0.00 0.00 0.637700 % 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 6,714,167.34 8.000000 % 3,941.89
M-2 76110FJP9 4,330,000.00 4,319,813.46 8.000000 % 2,536.16
M-3 76110FJQ7 2,886,000.00 2,879,210.55 8.000000 % 1,690.38
B-1 1,058,000.00 1,055,511.00 8.000000 % 619.69
B-2 481,000.00 479,868.43 8.000000 % 281.73
B-3 866,066.26 864,028.80 8.000000 % 507.28
- -------------------------------------------------------------------------------
192,360,424.83 186,393,656.51 2,034,004.90
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 175,080.99 1,647,152.07 0.00 0.00 27,517,758.78
A-2 65,225.45 65,225.45 0.00 0.00 10,800,000.00
A-3 236,082.78 788,109.43 0.00 0.00 27,788,568.56
A-4 144,945.45 144,945.45 0.00 0.00 24,000,000.00
A-5 71,174.80 71,174.80 0.00 0.00 11,785,091.00
A-6 120,907.82 120,907.82 0.00 0.00 18,143,000.00
A-7 31,768.04 31,768.04 0.00 0.00 4,767,000.00
A-8 26,813.04 26,813.04 0.00 0.00 0.00
A-9 259,192.66 259,192.66 0.00 0.00 42,917,000.00
A-10 0.00 330.04 0.00 0.00 338,210.82
A-11 99,015.46 99,015.46 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 44,744.28 48,686.17 0.00 0.00 6,710,225.45
M-2 28,787.93 31,324.09 0.00 0.00 4,317,277.30
M-3 19,187.52 20,877.90 0.00 0.00 2,877,520.17
B-1 7,034.09 7,653.78 0.00 0.00 1,054,891.31
B-2 3,197.92 3,479.65 0.00 0.00 479,586.70
B-3 5,758.02 6,265.30 0.00 0.00 863,521.52
- -------------------------------------------------------------------------------
1,338,916.25 3,372,921.15 0.00 0.00 184,359,651.61
===============================================================================
Run: 11/03/97 09:19:30
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-1 870.565461 44.206339 5.257687 49.464026 0.000000 826.359123
A-2 1000.000000 0.000000 6.039394 6.039394 0.000000 1000.000000
A-3 946.045375 18.427357 7.880746 26.308103 0.000000 927.618018
A-4 1000.000000 0.000000 6.039394 6.039394 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039393 6.039393 0.000000 1000.000000
A-6 1000.000000 0.000000 6.664158 6.664158 0.000000 1000.000000
A-7 1000.000000 0.000000 6.664158 6.664158 0.000000 1000.000000
A-9 1000.000000 0.000000 6.039394 6.039394 0.000000 1000.000000
A-10 995.244247 0.970253 0.000000 0.970253 0.000000 994.273994
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-1 997.647450 0.585719 6.648481 7.234200 0.000000 997.061731
M-2 997.647450 0.585718 6.648483 7.234201 0.000000 997.061732
M-3 997.647453 0.585717 6.648482 7.234199 0.000000 997.061736
B-1 997.647448 0.585718 6.648478 7.234196 0.000000 997.061730
B-2 997.647464 0.585717 6.648482 7.234199 0.000000 997.061746
B-3 997.647455 0.585694 6.648475 7.234169 0.000000 997.061729
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:19:33 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 38,631.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,578.21
SUBSERVICER ADVANCES THIS MONTH 36,819.07
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 3,773,134.86
(B) TWO MONTHLY PAYMENTS: 5 612,350.58
(C) THREE OR MORE MONTHLY PAYMENTS: 1 197,900.01
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 184,359,651.61
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,711
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 1,924,498.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.23238320 % 7.47799500 % 1.28962230 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.14069410 % 7.54233521 % 1.30310880 %
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 8.94980029
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.65
POOL TRADING FACTOR: 95.84073843
................................................................................
Run: 11/03/97 09:19:36 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 41,040,686.94 7.500000 % 978,579.56
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 21,091,012.85 7.500000 % 63,718.68
A-6 76110FJW4 164,986.80 163,316.37 0.000000 % 566.15
A-7 76110FJX2 0.00 0.00 0.740881 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,631,196.21 7.500000 % 7,949.18
M-2 76110FKA0 1,061,700.00 1,052,419.01 7.500000 % 3,179.49
M-3 76110FKB8 690,100.00 684,067.40 7.500000 % 2,066.66
B-1 371,600.00 368,351.61 7.500000 % 1,112.84
B-2 159,300.00 157,907.45 7.500000 % 477.06
B-3 372,446.48 369,190.69 7.500000 % 1,115.38
- -------------------------------------------------------------------------------
106,172,633.28 104,033,148.53 1,058,765.00
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 256,327.56 1,234,907.12 0.00 0.00 40,062,107.38
A-2 97,951.21 97,951.21 0.00 0.00 15,683,000.00
A-3 117,081.77 117,081.77 0.00 0.00 18,746,000.00
A-4 12,778.69 12,778.69 0.00 0.00 2,046,000.00
A-5 131,728.01 195,446.69 0.00 0.00 21,027,294.17
A-6 0.00 566.15 0.00 0.00 162,750.22
A-7 64,185.93 64,185.93 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,433.65 24,382.83 0.00 0.00 2,623,247.03
M-2 6,573.09 9,752.58 0.00 0.00 1,049,239.52
M-3 4,272.47 6,339.13 0.00 0.00 682,000.74
B-1 2,300.61 3,413.45 0.00 0.00 367,238.77
B-2 986.24 1,463.30 0.00 0.00 157,430.39
B-3 2,305.85 3,421.23 0.00 0.00 368,075.31
- -------------------------------------------------------------------------------
712,925.08 1,771,690.08 0.00 0.00 102,974,383.53
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 955.634679 22.786280 5.968601 28.754881 0.000000 932.848400
A-2 1000.000000 0.000000 6.245693 6.245693 0.000000 1000.000000
A-3 1000.000000 0.000000 6.245693 6.245693 0.000000 1000.000000
A-4 1000.000000 0.000000 6.245694 6.245694 0.000000 1000.000000
A-5 991.258770 2.994721 6.191099 9.185820 0.000000 988.264049
A-6 989.875372 3.431487 0.000000 3.431487 0.000000 986.443885
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 991.258367 2.994718 6.191098 9.185816 0.000000 988.263649
M-2 991.258369 2.994716 6.191099 9.185815 0.000000 988.263653
M-3 991.258368 2.994725 6.191088 9.185813 0.000000 988.263643
B-1 991.258369 2.994726 6.191093 9.185819 0.000000 988.263644
B-2 991.258318 2.994727 6.191086 9.185813 0.000000 988.263591
B-3 991.258368 2.994712 6.191091 9.185803 0.000000 988.263629
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:19:39 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 21,691.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,840.64
SUBSERVICER ADVANCES THIS MONTH 9,620.12
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 14 904,354.07
(B) TWO MONTHLY PAYMENTS: 1 62,619.62
(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 102,974,383.53
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,263
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 744,412.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.93295380 % 4.20495800 % 0.86208840 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.89626650 % 4.22870926 % 0.86833020 %
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 8.55960406
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 170.00
POOL TRADING FACTOR: 96.98768915
................................................................................
Run: 11/03/97 09:20:04 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 80,079,241.55 7.500000 % 876,211.67
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 21,580,463.08 9.500000 % 125,173.10
A-8 76110FKP7 156,262.27 149,575.49 0.000000 % 138.67
A-9 76110FKQ5 0.00 0.00 0.785867 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,689,326.48 7.750000 % 3,911.43
M-2 76110FKM4 3,827,000.00 3,822,614.96 7.750000 % 2,235.19
M-3 76110FKN2 2,870,200.00 2,866,911.28 7.750000 % 1,676.36
B-1 1,052,400.00 1,051,194.15 7.750000 % 614.66
B-2 478,400.00 477,851.84 7.750000 % 279.41
B-3 861,188.35 860,201.59 7.750000 % 502.99
- -------------------------------------------------------------------------------
191,342,550.62 188,561,380.42 1,010,743.48
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 500,318.40 1,376,530.07 0.00 0.00 79,203,029.88
A-2 131,103.66 131,103.66 0.00 0.00 20,984,000.00
A-3 68,725.71 68,725.71 0.00 0.00 11,000,000.00
A-4 24,991.17 24,991.17 0.00 0.00 4,000,000.00
A-5 112,980.89 112,980.89 0.00 0.00 17,500,000.00
A-6 105,691.81 105,691.81 0.00 0.00 17,500,000.00
A-7 170,784.96 295,958.06 0.00 0.00 21,455,289.98
A-8 0.00 138.67 0.00 0.00 149,436.82
A-9 123,443.18 123,443.18 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 43,186.63 47,098.06 0.00 0.00 6,685,415.05
M-2 24,679.00 26,914.19 0.00 0.00 3,820,379.77
M-3 18,508.93 20,185.29 0.00 0.00 2,865,234.92
B-1 6,786.56 7,401.22 0.00 0.00 1,050,579.49
B-2 3,085.04 3,364.45 0.00 0.00 477,572.43
B-3 5,553.51 6,056.50 0.00 0.00 859,698.60
- -------------------------------------------------------------------------------
1,339,839.45 2,350,582.93 0.00 0.00 187,550,636.94
===============================================================================
Run: 11/03/97 09:20:04
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-1 970.763375 10.621906 6.065127 16.687033 0.000000 960.141469
A-2 1000.000000 0.000000 6.247792 6.247792 0.000000 1000.000000
A-3 1000.000000 0.000000 6.247792 6.247792 0.000000 1000.000000
A-4 1000.000000 0.000000 6.247793 6.247793 0.000000 1000.000000
A-5 1000.000000 0.000000 6.456051 6.456051 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039532 6.039532 0.000000 1000.000000
A-7 984.285659 5.709149 7.789508 13.498657 0.000000 978.576510
A-8 957.207968 0.887418 0.000000 0.887418 0.000000 956.320550
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.854185 0.584057 6.448653 7.032710 0.000000 998.270128
M-2 998.854183 0.584058 6.448654 7.032712 0.000000 998.270125
M-3 998.854184 0.584057 6.448655 7.032712 0.000000 998.270128
B-1 998.854190 0.584055 6.448651 7.032706 0.000000 998.270135
B-2 998.854181 0.584051 6.448662 7.032713 0.000000 998.270130
B-3 998.854188 0.584053 6.448659 7.032712 0.000000 998.270123
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:20:06 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS7 (POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4255
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 39,245.64
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,720.32
SUBSERVICER ADVANCES THIS MONTH 50,922.15
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 54 5,988,859.92
(B) TWO MONTHLY PAYMENTS: 2 100,974.37
(C) THREE OR MORE MONTHLY PAYMENTS: 1 333,750.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 126,700.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 187,550,636.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,677
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 900,463.62
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.63104440 % 7.10085700 % 1.26809870 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.59083280 % 7.12929050 % 1.27419170 %
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 8.85717856
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.44
POOL TRADING FACTOR: 98.01825905
................................................................................
Run: 11/03/97 09:20:09 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 13,152,649.42 7.000000 % 284,847.96
A-2 76110FKV4 20,850,000.00 20,492,562.79 7.000000 % 411,623.29
A-3 76110FKW2 16,320,750.00 16,199,792.44 10.000000 % 139,294.25
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 25,840,986.87 7.500000 % 180,857.17
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 26,389.75 0.000000 % 19.60
A-12 76110FLF8 0.00 0.00 0.892295 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,623,957.91 7.500000 % 4,552.56
M-2 76110FLJ0 4,361,000.00 4,356,975.56 7.500000 % 2,601.72
M-3 76110FLK7 3,270,500.00 3,267,481.90 7.500000 % 1,951.14
B-1 1,199,000.00 1,197,893.53 7.500000 % 715.31
B-2 545,000.00 544,497.06 7.500000 % 325.14
B-3 981,461.72 980,556.01 7.500000 % 585.53
- -------------------------------------------------------------------------------
218,029,470.88 217,130,057.24 1,027,373.67
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 76,699.56 361,547.52 0.00 0.00 12,867,801.46
A-2 119,502.20 531,125.49 0.00 0.00 20,080,939.50
A-3 134,955.64 274,249.89 0.00 0.00 16,060,498.19
A-4 114,883.54 114,883.54 0.00 0.00 19,700,543.00
A-5 127,582.09 127,582.09 0.00 0.00 21,419,142.00
A-6 38,191.33 38,191.33 0.00 0.00 6,323,320.00
A-7 99,633.72 99,633.72 0.00 0.00 16,496,308.00
A-8 161,455.17 342,312.34 0.00 0.00 25,660,129.70
A-9 30,719.47 30,719.47 0.00 0.00 5,000,001.00
A-10 340,561.18 340,561.18 0.00 0.00 54,507,000.00
A-11 0.00 19.60 0.00 0.00 26,370.15
A-12 161,402.40 161,402.40 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,634.69 52,187.25 0.00 0.00 7,619,405.35
M-2 27,222.50 29,824.22 0.00 0.00 4,354,373.84
M-3 20,415.31 22,366.45 0.00 0.00 3,265,530.76
B-1 7,484.47 8,199.78 0.00 0.00 1,197,178.22
B-2 3,402.04 3,727.18 0.00 0.00 544,171.92
B-3 6,126.54 6,712.07 0.00 0.00 979,970.48
- -------------------------------------------------------------------------------
1,517,871.85 2,545,245.52 0.00 0.00 216,102,683.57
===============================================================================
Run: 11/03/97 09:20:09
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-1 981.548326 21.257469 5.723890 26.981359 0.000000 960.290857
A-2 982.856729 19.742124 5.731520 25.473644 0.000000 963.114604
A-3 992.588725 8.534795 8.268961 16.803756 0.000000 984.053931
A-4 1000.000000 0.000000 5.831491 5.831491 0.000000 1000.000000
A-5 1000.000000 0.000000 5.956452 5.956452 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039759 6.039759 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039759 6.039759 0.000000 1000.000000
A-8 993.959193 6.956570 6.210283 13.166853 0.000000 987.002622
A-9 1000.000000 0.000000 6.143893 6.143893 0.000000 1000.000000
A-10 1000.000000 0.000000 6.248026 6.248026 0.000000 1000.000000
A-11 999.265028 0.742167 0.000000 0.742167 0.000000 998.522861
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.077173 0.596588 6.242261 6.838849 0.000000 998.480586
M-2 999.077175 0.596588 6.242261 6.838849 0.000000 998.480587
M-3 999.077175 0.596588 6.242260 6.838848 0.000000 998.480587
B-1 999.077173 0.596589 6.242260 6.838849 0.000000 998.480584
B-2 999.077174 0.596587 6.242275 6.838862 0.000000 998.480587
B-3 999.077183 0.596590 6.242261 6.838851 0.000000 998.480598
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 27-October-97
Run: 11/03/97 09:20:12 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 45,203.96
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 12,944.23
SUBSERVICER ADVANCES THIS MONTH 55,806.06
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 62 6,116,793.06
(B) TWO MONTHLY PAYMENTS: 6 1,127,522.80
(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 216,102,683.58
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,868
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 897,713.17
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.72222090 % 7.02356400 % 1.25421490 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.68783000 % 7.05188371 % 1.25942570 %
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 8.71997114
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.54
POOL TRADING FACTOR: 99.11627208
................................................................................
Run: 11/03/97 09:20:38 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 53,750,000.00 6.750000 % 1,169,886.59
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 22,971,538.00 10.000000 % 212,706.65
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 1.005260 % 0.00
R 76110FLV3 100.00 100.00 7.250000 % 100.00
M-1 76110FLW1 8,130,000.00 8,130,000.00 7.250000 % 4,968.49
M-2 76110FLX9 5,420,000.00 5,420,000.00 7.250000 % 3,312.33
M-3 76110FLY2 4,065,000.00 4,065,000.00 7.250000 % 2,484.25
B-1 1,490,500.00 1,490,500.00 7.250000 % 910.89
B-2 677,500.00 677,500.00 7.250000 % 414.04
B-3 1,219,925.82 1,219,925.82 7.250000 % 745.54
- -------------------------------------------------------------------------------
271,005,025.82 271,005,025.82 1,395,528.78
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 302,003.76 1,471,890.35 0.00 0.00 52,580,113.41
A-2 97,877.31 97,877.31 0.00 0.00 17,420,000.00
A-3 191,214.21 403,920.86 0.00 0.00 22,758,831.35
A-4 213,565.82 213,565.82 0.00 0.00 38,010,000.00
A-5 96,435.90 96,435.90 0.00 0.00 17,163,462.00
A-6 180,907.38 180,907.38 0.00 0.00 29,977,000.00
A-7 96,950.23 96,950.23 0.00 0.00 16,065,000.00
A-8 329,775.62 329,775.62 0.00 0.00 54,645,000.00
A-9 226,770.15 226,770.15 0.00 0.00 0.00
R 0.60 100.60 0.00 0.00 0.00
M-1 49,063.51 54,032.00 0.00 0.00 8,125,031.51
M-2 32,709.01 36,021.34 0.00 0.00 5,416,687.67
M-3 24,531.76 27,016.01 0.00 0.00 4,062,515.75
B-1 8,994.97 9,905.86 0.00 0.00 1,489,589.11
B-2 4,088.63 4,502.67 0.00 0.00 677,085.96
B-3 7,362.10 8,107.64 0.00 0.00 1,219,180.28
- -------------------------------------------------------------------------------
1,862,250.96 3,257,779.74 0.00 0.00 269,609,497.04
===============================================================================
Run: 11/03/97 09:20:38
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 1000.000000 21.765332 5.618675 27.384007 0.000000 978.234668
A-2 1000.000000 0.000000 5.618675 5.618675 0.000000 1000.000000
A-3 1000.000000 9.259574 8.323962 17.583536 0.000000 990.740426
A-4 1000.000000 0.000000 5.618675 5.618675 0.000000 1000.000000
A-5 1000.000000 0.000000 5.618674 5.618674 0.000000 1000.000000
A-6 1000.000000 0.000000 6.034873 6.034873 0.000000 1000.000000
A-7 1000.000000 0.000000 6.034873 6.034873 0.000000 1000.000000
A-8 1000.000000 0.000000 6.034873 6.034873 0.000000 1000.000000
R 1000.000000 1000.00000 6.000000 1006.000000 0.000000 0.000000
M-1 1000.000000 0.611130 6.034872 6.646002 0.000000 999.388870
M-2 1000.000000 0.611131 6.034873 6.646004 0.000000 999.388869
M-3 1000.000000 0.611132 6.034873 6.646005 0.000000 999.388868
B-1 1000.000000 0.611130 6.034867 6.645997 0.000000 999.388870
B-2 1000.000000 0.611129 6.034878 6.646007 0.000000 999.388871
B-3 1000.000000 0.611127 6.034875 6.646002 0.000000 999.388863
_______________________________________________________________________________
DETERMINATION DATE 20-October-97
DISTRIBUTION DATE 25-October-97
Run: 11/03/97 09:20:41 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 61,144.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 17,595.26
SUBSERVICER ADVANCES THIS MONTH 59,033.19
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 81 7,828,598.30
(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 269,609,497.04
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,476
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,229,909.23
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.24998660 % 6.49987900 % 1.25013390 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.21463250 % 6.52953072 % 1.25583680 %
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 8.60467208
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.49
POOL TRADING FACTOR: 99.48505428
................................................................................
