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)
April 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 April 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
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: April 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 80,115,911.45 6.900000 % 3,681,231.29
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
- -------------------------------------------------------------------------------
258,459,514.42 203,901,047.08 3,681,231.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 460,666.49 4,141,897.78 0.00 0.00 76,434,680.16
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 292,347.58 292,347.58 0.00 0.00 2,326,135.63
- -------------------------------------------------------------------------------
1,508,424.49 5,189,655.78 0.00 0.00 200,219,815.79
===============================================================================
_______________________________________________________________________________
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-2 971.101957 44.620985 5.583836 50.204821 0.000000 926.480972
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 21-April-97
DISTRIBUTION DATE 25-April-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 41,908.78
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,952.29
SUBSERVICER ADVANCES THIS MONTH 82,673.36
MASTER SERVICER ADVANCES THIS MONTH 5,705.63
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 42 5,057,408.06
(B) TWO MONTHLY PAYMENTS: 11 1,258,831.71
(C) THREE OR MORE MONTHLY PAYMENTS: 3 392,526.14
FORECLOSURES
NUMBER OF LOANS 18
AGGREGATE PRINCIPAL BALANCE 3,322,596.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 200,219,815.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,128
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 4
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 715,316.31
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,336,071.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.85918410 % 1.14081590 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.83820910 % 1.16179090 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33314685
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 313.17
POOL TRADING FACTOR: 77.46660681
................................................................................
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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 11,042,944.74 6.000000 % 3,412,383.54
A-I- 76110FAH6 67,186,000.00 67,186,000.00 6.250000 % 0.00
A-I- 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
A-I- 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I- 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I- 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I- 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 18,909,341.52 6.027500 % 1,080,744.54
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 206,531,016.74 4,493,128.08
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 55,214.72 3,467,598.26 0.00 0.00 7,630,561.20
A-I-2 349,927.08 349,927.08 0.00 0.00 67,186,000.00
A-I-3 126,911.25 126,911.25 0.00 0.00 22,562,000.00
A-I-4 183,149.00 183,149.00 0.00 0.00 31,852,000.00
A-I-5 85,393.13 85,393.13 0.00 0.00 14,535,000.00
A-I-6 111,270.20 111,270.20 0.00 0.00 18,417,136.00
A-I-7 111,666.67 111,666.67 0.00 0.00 20,000,000.00
A-II 98,146.05 1,178,890.59 0.00 0.00 17,828,596.98
R 345,474.69 345,474.69 0.00 0.00 2,026,594.48
- -------------------------------------------------------------------------------
1,467,152.79 5,960,280.87 0.00 0.00 202,037,888.66
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 212.303081 65.603836 1.061515 66.665351 0.000000 146.699244
A-I- 1000.000000 0.000000 5.208333 5.208333 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.625000 5.625000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.583334 5.583334 0.000000 1000.000000
A-II 643.722966 36.791344 3.341146 40.132490 0.000000 606.931622
_______________________________________________________________________________
DETERMINATION DATE 21-April-97
DISTRIBUTION DATE 25-April-97
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4194
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 44,275.67
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 71,224.86
MASTER SERVICER ADVANCES THIS MONTH 2,681.71
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 3,278,715.33
(B) TWO MONTHLY PAYMENTS: 6 792,299.11
(C) THREE OR MORE MONTHLY PAYMENTS: 7 1,206,320.35
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 3,749,958.23
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 202,037,888.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,646
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 305,415.75
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,315,512.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 99.01874570 % 0.98125430 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.99692360 % 1.00307640 %
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 8.98151900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 322.81
POOL TRADING FACTOR: 78.93890262
................................................................................
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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 21,191,620.44 6.400000 % 1,836,387.47
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 178,007.00 174,588.09 0.000000 % 218.07
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 164,918,733.71 1,836,605.54
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 113,021.98 1,949,409.45 0.00 0.00 19,355,232.97
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 0.00 218.07 0.00 0.00 174,370.02
R 183,038.98 183,038.98 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
1,151,332.27 2,987,937.81 0.00 0.00 163,082,128.17
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 529.790511 45.909687 2.825550 48.735237 0.000000 483.880824
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-10 980.793396 1.225064 0.000000 1.225064 0.000000 979.568332
_______________________________________________________________________________
DETERMINATION DATE 21-April-97
DISTRIBUTION DATE 25-April-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 34,388.98
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,467.81
SUBSERVICER ADVANCES THIS MONTH 43,990.48
MASTER SERVICER ADVANCES THIS MONTH 1,205.44
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,636,108.34
(B) TWO MONTHLY PAYMENTS: 5 526,352.89
(C) THREE OR MORE MONTHLY PAYMENTS: 4 585,878.16
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,943,590.25
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 163,082,128.17
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,521
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 153,963.42
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,695,822.78
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.89696330 % 1.10303670 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.88454110 % 1.11545890 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.79184113
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 328.07
POOL TRADING FACTOR: 89.64919847
................................................................................
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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 26,187,633.24 6.780000 % 2,144,069.00
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 22,666,451.97 7.250000 % 300,184.67
A-I- 76110FBG7 18,587,000.00 18,587,000.00 7.460000 % 0.00
A-I- 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I- 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I- 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I- 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I- 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I- 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 18,916,550.71 7.750000 % 114,187.16
A-P 76110FBQ5 1,166,695.86 1,113,756.33 0.000000 % 2,236.80
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 12,438,354.76 7.750000 % 24,094.47
M-2 76110FBU6 5,568,000.00 5,527,937.05 7.750000 % 10,708.23
M-3 76110FBV4 4,176,000.00 4,145,952.79 7.750000 % 8,031.17
B-1 1,809,600.00 1,796,579.54 7.750000 % 3,480.17
B-2 696,000.00 690,992.13 7.750000 % 1,338.53
B-3 1,670,738.96 1,658,717.59 7.750000 % 3,213.12
SPRE 0.00 0.00 0.736412 % 0.00
STRI 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 257,525,488.11 2,611,543.32
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 147,896.28 2,291,965.28 0.00 0.00 24,043,564.24
A-I-2 154,849.82 154,849.82 0.00 0.00 26,000,000.00
A-I-3 64,342.92 64,342.92 0.00 0.00 10,596,000.00
A-I-4 136,884.05 437,068.72 0.00 0.00 22,366,267.30
A-I-5 115,499.32 115,499.32 0.00 0.00 18,587,000.00
A-I-6 140,059.53 140,059.53 0.00 0.00 21,696,000.00
A-I-7 51,947.78 51,947.78 0.00 0.00 8,047,000.00
A-I-8 112,558.90 112,558.90 0.00 0.00 17,436,000.00
A-I-9 162,324.71 162,324.71 0.00 0.00 25,145,000.00
A-I-10 122,655.38 122,655.38 0.00 0.00 19,000,000.00
A-I-11 102,485.42 102,485.42 0.00 0.00 15,875,562.00
A-II 122,116.67 236,303.83 0.00 0.00 18,802,363.55
A-P 0.00 2,236.80 0.00 0.00 1,111,519.53
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 80,296.37 104,390.84 0.00 0.00 12,414,260.29
M-2 35,685.85 46,394.08 0.00 0.00 5,517,228.82
M-3 26,764.39 34,795.56 0.00 0.00 4,137,921.62
B-1 11,597.90 15,078.07 0.00 0.00 1,793,099.37
B-2 4,460.73 5,799.26 0.00 0.00 689,653.60
B-3 10,707.93 13,921.05 0.00 0.00 1,655,504.47
SPRED 157,969.08 157,969.08 0.00 0.00 0.00
STRIP 52,143.84 52,143.84 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,813,246.87 4,424,790.19 0.00 0.00 254,913,944.79
===============================================================================
Run: 04/30/97 14:35:17
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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- 611.075329 50.030778 3.451086 53.481864 0.000000 561.044551
A-I- 1000.000000 0.000000 5.955762 5.955762 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.072378 6.072378 0.000000 1000.000000
A-I- 906.658079 12.007387 5.475362 17.482749 0.000000 894.650692
A-I- 1000.000000 0.000000 6.213984 6.213984 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455546 6.455546 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455546 6.455546 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455546 6.455546 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455546 6.455546 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455546 6.455546 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.455546 6.455546 0.000000 1000.000000
A-II 920.449008 5.556164 5.942001 11.498165 0.000000 914.892844
A-P 954.624395 1.917209 0.000000 1.917209 0.000000 952.707186
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-1 992.804786 1.923173 6.409097 8.332270 0.000000 990.881613
M-2 992.804786 1.923173 6.409097 8.332270 0.000000 990.881613
M-3 992.804787 1.923173 6.409097 8.332270 0.000000 990.881614
B-1 992.804786 1.923171 6.409096 8.332267 0.000000 990.881615
B-2 992.804784 1.923175 6.409095 8.332270 0.000000 990.881609
B-3 992.804759 1.923173 6.409098 8.332271 0.000000 990.881586
_______________________________________________________________________________
DETERMINATION DATE 21-April-97
DISTRIBUTION DATE 25-April-97
Run: 04/30/97 14:35:18 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 53,847.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 11,725.44
SUBSERVICER ADVANCES THIS MONTH 36,362.96
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 2,801,682.75
(B) TWO MONTHLY PAYMENTS: 7 1,075,210.23
(C) THREE OR MORE MONTHLY PAYMENTS: 1 209,057.86
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 459,513.13
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 254,913,944.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,280
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 2,112,791.97
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 279,258.45
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.37103650 % 8.58643000 % 1.61005010 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 89.67398830 % 8.65759256 % 1.63050350 %
BANKRUPTCY AMOUNT AVAILABLE 170,419.00
FRAUD AMOUNT AVAILABLE 5,568,095.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,784,047.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78127100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.36
POOL TRADING FACTOR: 91.56235973
................................................................................
Run: 04/30/97 14:35:19 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 33,357,471.51 6.850000 % 2,565,700.15
A-I- 76110FBX0 26,945,000.00 22,340,976.02 11.000000 % 940,749.27
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 14,872,698.45 7.250000 % 110,673.00
A-II 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,940,002.45 0.000000 % 12,788.93
A-V 76110FGN7 0.00 0.00 0.776464 % 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 13,144,899.20 8.000000 % 12,274.80
M-2 76110FCN1 5,570,800.00 5,534,757.14 8.000000 % 5,168.40
M-3 76110FCP6 4,456,600.00 4,427,765.98 8.000000 % 4,134.68
B-1 76110FCR2 2,228,400.00 2,213,982.34 8.000000 % 2,067.43
B-2 76110FCS0 696,400.00 691,894.33 8.000000 % 646.10
B-3 76110FCT8 1,671,255.97 1,660,443.01 8.000000 % 1,550.53
STRI 0.00 0.00 0.112531 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 259,946,890.43 3,655,753.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 190,327.78 2,756,027.93 0.00 0.00 30,791,771.36
A-I-2 204,697.86 1,145,447.13 0.00 0.00 21,400,226.75
A-I-3 95,135.95 95,135.95 0.00 0.00 15,646,000.00
A-I-4 204,530.66 204,530.66 0.00 0.00 32,740,000.00
A-I-5 64,284.60 64,284.60 0.00 0.00 10,023,000.00
A-I-6 178,657.59 178,657.59 0.00 0.00 26,811,000.00
A-I-7 120,251.20 120,251.20 0.00 0.00 18,046,000.00
A-I-8 60,598.72 60,598.72 0.00 0.00 9,094,000.00
A-I-9 68,528.39 68,528.39 0.00 0.00 10,284,000.00
A-I-10 181,208.24 181,208.24 0.00 0.00 27,538,000.00
A-II-1 89,814.46 200,487.46 0.00 0.00 14,762,025.45
A-II-2 54,672.28 54,672.28 0.00 0.00 8,580,000.00
A-P 0.00 12,788.93 0.00 0.00 2,927,213.52
A-V 168,121.93 168,121.93 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 87,592.26 99,867.06 0.00 0.00 13,132,624.40
M-2 36,881.37 42,049.77 0.00 0.00 5,529,588.74
M-3 29,504.83 33,639.51 0.00 0.00 4,423,631.30
B-1 14,753.07 16,820.50 0.00 0.00 2,211,914.91
B-2 4,610.50 5,256.60 0.00 0.00 691,248.23
B-3 11,064.52 12,615.05 0.00 0.00 1,658,892.47
STRIP 15,475.02 15,475.02 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,880,711.23 5,536,464.52 0.00 0.00 256,291,137.13
===============================================================================
Run: 04/30/97 14:35:19
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- 726.520702 55.880563 4.145310 60.025873 0.000000 670.640139
A-I- 829.132530 34.913686 7.596877 42.510563 0.000000 794.218844
A-I- 1000.000000 0.000000 6.080529 6.080529 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.247119 6.247119 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.413708 6.413708 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663593 6.663593 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663593 6.663593 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663594 6.663594 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663593 6.663593 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.580298 6.580298 0.000000 1000.000000
A-II 928.325226 6.907996 5.606046 12.514042 0.000000 921.417231
A-II 1000.000000 0.000000 6.372061 6.372061 0.000000 1000.000000
A-P 967.221248 4.207387 0.000000 4.207387 0.000000 963.013861
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-1 993.530040 0.927765 6.620480 7.548245 0.000000 992.602275
M-2 993.530039 0.927766 6.620480 7.548246 0.000000 992.602273
M-3 993.530041 0.927766 6.620480 7.548246 0.000000 992.602275
B-1 993.530039 0.927764 6.620477 7.548241 0.000000 992.602275
B-2 993.530055 0.927771 6.620477 7.548248 0.000000 992.602283
B-3 993.530040 0.927763 6.620482 7.548245 0.000000 992.602272
_______________________________________________________________________________
DETERMINATION DATE 21-April-97
DISTRIBUTION DATE 25-April-97
Run: 04/30/97 14:35:20 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 53,969.93
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,456.61
SUBSERVICER ADVANCES THIS MONTH 57,194.33
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 44 4,192,741.58
(B) TWO MONTHLY PAYMENTS: 9 1,022,777.74
(C) THREE OR MORE MONTHLY PAYMENTS: 3 318,367.53
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,463,034.99
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 256,291,137.13
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,484
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 3,409,331.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.22307730 % 8.88928600 % 1.75663560 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.08767290 % 9.00766398 % 1.80059400 %
BANKRUPTCY AMOUNT AVAILABLE 272,106.00
FRAUD AMOUNT AVAILABLE 5,570,716.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,785,358.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.01119700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 321.32
POOL TRADING FACTOR: 92.01371698
................................................................................
Run: 04/30/97 14:34:40 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS6 (POOL # 4220)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4220
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110FCQ4 138,145,180.00 120,191,011.64 5.985000 % 3,396,008.40
R 973,833.13 2,171,632.20 0.000000 % 0.00
- -------------------------------------------------------------------------------
139,119,013.13 122,362,643.84 3,396,008.40
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 619,264.86 4,015,273.26 0.00 0.00 116,795,003.24
R 0.00 0.00 135,483.99 0.00 2,307,116.19
- -------------------------------------------------------------------------------
619,264.86 4,015,273.26 135,483.99 0.00 119,102,119.43
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 870.034059 24.582895 4.482711 29.065606 0.000000 845.451164
R 2229.983899 0.000000 0.000000 0.000000 139.124441 2369.108337
_______________________________________________________________________________
DETERMINATION DATE 21-April-97
DISTRIBUTION DATE 25-April-97
Run: 04/30/97 14:34:40 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS6 (POOL # 4220)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4220
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 37,120.27
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,404.78
SUBSERVICER ADVANCES THIS MONTH 25,886.08
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 15 2,023,266.21
(B) TWO MONTHLY PAYMENTS: 2 229,790.17
(C) THREE OR MORE MONTHLY PAYMENTS: 3 453,001.54
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 937,680.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 119,102,119.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,134
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 3,090,981.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.22524900 % 1.77475100 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.06290920 % 1.93709080 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,173,570.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,881,824.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.99620368
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 295.55
POOL TRADING FACTOR: 85.61167647
................................................................................
Run: 04/30/97 14:35:21 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 19,821,630.34 9.500000 % 884,242.37
A-I- 76110FCV3 25,000,000.00 22,601,758.22 7.600000 % 526,684.63
A-I- 76110FCW1 12,373,000.00 8,609,722.19 6.650000 % 826,464.03
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 10,501,269.82 8.000000 % 130,421.41
A-II 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 1,094,508.62 0.000000 % 1,267.84
A-V 76110FGP2 0.00 0.00 0.883518 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,881,313.49 8.000000 % 6,537.41
M-2 76110FDK6 3,958,800.00 3,940,208.86 8.000000 % 3,268.33
M-3 76110FDL4 2,815,100.00 2,801,879.86 8.000000 % 2,324.11
B-1 76110FDM2 1,407,600.00 1,400,989.70 8.000000 % 1,162.10
B-2 76110FDN0 439,800.00 437,734.63 8.000000 % 363.09
B-3 76110FDP5 1,055,748.52 1,050,790.52 8.000000 % 871.61
- -------------------------------------------------------------------------------
175,944,527.21 165,001,806.25 2,383,606.93
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 156,579.44 1,040,821.81 0.00 0.00 18,937,387.97
A-I-2 142,832.68 669,517.31 0.00 0.00 22,075,073.59
A-I-3 47,608.28 874,072.31 0.00 0.00 7,783,258.16
A-I-4 43,983.16 43,983.16 0.00 0.00 7,100,000.00
A-I-5 64,061.16 64,061.16 0.00 0.00 10,137,000.00
A-I-6 36,048.31 36,048.31 0.00 0.00 5,558,000.00
A-I-7 112,594.21 112,594.21 0.00 0.00 16,926,000.00
A-I-8 45,793.37 45,793.37 0.00 0.00 6,884,000.00
A-I-9 74,696.94 74,696.94 0.00 0.00 11,229,000.00
A-I-10 149,679.93 149,679.93 0.00 0.00 22,501,000.00
A-II-1 69,855.98 200,277.39 0.00 0.00 10,370,848.41
A-II-2 30,100.96 30,100.96 0.00 0.00 4,525,000.00
A-P 0.00 1,267.84 0.00 0.00 1,093,240.78
A-V 121,220.44 121,220.44 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 52,427.64 58,965.05 0.00 0.00 7,874,776.08
M-2 26,210.84 29,479.17 0.00 0.00 3,936,940.53
M-3 18,638.51 20,962.62 0.00 0.00 2,799,555.75
B-1 9,319.59 10,481.69 0.00 0.00 1,399,827.60
B-2 2,911.87 3,274.96 0.00 0.00 437,371.54
B-3 6,990.01 7,861.62 0.00 0.00 1,049,918.90
- -------------------------------------------------------------------------------
1,211,553.32 3,595,160.25 0.00 0.00 162,618,199.31
===============================================================================
Run: 04/30/97 14:35:21
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- 831.165311 37.078261 6.565726 43.643987 0.000000 794.087050
A-I- 904.070329 21.067385 5.713307 26.780692 0.000000 883.002944
A-I- 695.847587 66.795767 3.847756 70.643523 0.000000 629.051819
A-I- 1000.000000 0.000000 6.194811 6.194811 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.319538 6.319538 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.485842 6.485842 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.652145 6.652145 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.652146 6.652146 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.652145 6.652145 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.652146 6.652146 0.000000 1000.000000
A-II 940.805395 11.684412 6.258375 17.942787 0.000000 929.120983
A-II 1000.000000 0.000000 6.652146 6.652146 0.000000 1000.000000
A-P 989.718520 1.146458 0.000000 1.146458 0.000000 988.572062
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.303844 0.825587 6.620905 7.446492 0.000000 994.478257
M-2 995.303845 0.825586 6.620905 7.446491 0.000000 994.478259
M-3 995.303847 0.825587 6.620905 7.446492 0.000000 994.478260
B-1 995.303851 0.825590 6.620908 7.446498 0.000000 994.478261
B-2 995.303843 0.825580 6.620896 7.446476 0.000000 994.478263
B-3 995.303806 0.825585 6.620904 7.446489 0.000000 994.478215
_______________________________________________________________________________
DETERMINATION DATE 21-April-97
DISTRIBUTION DATE 25-April-97
Run: 04/30/97 14:35:22 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 34,129.70
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,917.53
SUBSERVICER ADVANCES THIS MONTH 40,782.44
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 4,617,140.87
(B) TWO MONTHLY PAYMENTS: 5 273,552.33
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 39,564.81
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 162,618,199.31
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,554
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 2,244,943.42
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.72289580 % 8.86257100 % 1.75120200 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.16675750 % 8.98501670 % 1.78741300 %
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 9.15869900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 327.36
POOL TRADING FACTOR: 92.42583551
................................................................................
Run: 04/30/97 14:35:23 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 16,561,791.47 7.050000 % 2,179,320.38
A-I- 76110FDR1 43,322,483.00 39,955,338.65 5.775000 % 2,070,354.33
A-I- 76110FDS9 0.00 0.00 3.225000 % 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 19,683,646.14 8.000000 % 359,266.64
A-P 76110FED1 601,147.92 590,946.00 0.000000 % 2,106.49
A-V 76110FGQ0 0.00 0.00 0.821195 % 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 9,085,791.44 8.000000 % 7,458.34
M-2 76110FEH2 5,126,400.00 5,110,196.96 8.000000 % 4,194.85
M-3 76110FEJ8 3,645,500.00 3,633,977.64 8.000000 % 2,983.06
B-1 1,822,700.00 1,816,938.98 8.000000 % 1,491.49
B-2 569,600.00 567,799.67 8.000000 % 466.09
B-3 1,366,716.75 1,362,396.94 8.000000 % 1,118.36
- -------------------------------------------------------------------------------
227,839,864.67 220,429,186.89 4,628,760.03
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 97,257.88 2,276,578.26 0.00 0.00 14,382,471.09
A-I-2 192,200.81 2,262,555.14 0.00 0.00 37,884,984.32
A-I-3 107,332.92 107,332.92 0.00 0.00 0.00
A-I-4 79,117.82 79,117.82 0.00 0.00 13,330,948.00
A-I-5 158,097.56 158,097.56 0.00 0.00 24,973,716.00
A-I-6 495.06 495.06 0.00 0.00 0.00
A-I-7 6,413.86 6,413.86 0.00 0.00 1,000,000.00
A-I-8 61,186.25 61,186.25 0.00 0.00 9,539,699.00
A-I-9 150,107.53 150,107.53 0.00 0.00 22,526,000.00
A-I-10 77,632.64 77,632.64 0.00 0.00 11,650,000.00
A-I-11 202,717.80 202,717.80 0.00 0.00 30,421,000.00
A-I-12 57,434.82 57,434.82 0.00 0.00 8,619,000.00
A-II 131,166.81 490,433.45 0.00 0.00 19,324,379.50
A-P 0.00 2,106.49 0.00 0.00 588,839.51
A-V 150,780.06 150,780.06 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 60,545.40 68,003.74 0.00 0.00 9,078,333.10
M-2 34,053.05 38,247.90 0.00 0.00 5,106,002.11
M-3 24,215.90 27,198.96 0.00 0.00 3,630,994.58
B-1 12,107.62 13,599.11 0.00 0.00 1,815,447.49
B-2 3,783.67 4,249.76 0.00 0.00 567,333.58
B-3 9,078.67 10,197.03 0.00 0.00 1,361,278.57
- -------------------------------------------------------------------------------
1,615,726.13 6,244,486.16 0.00 0.00 215,800,426.85
===============================================================================
Run: 04/30/97 14:35:23
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- 823.717528 108.390714 4.837219 113.227933 0.000000 715.326814
A-I- 922.277208 47.789374 4.436514 52.225888 0.000000 874.487834
A-I- 1000.000000 0.000000 5.934898 5.934898 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.330558 6.330558 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.413860 6.413860 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.413855 6.413855 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663745 6.663745 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663746 6.663746 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663745 6.663745 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663745 6.663745 0.000000 1000.000000
A-II 979.091034 17.870406 6.524414 24.394820 0.000000 961.220628
A-P 983.029268 3.504117 0.000000 3.504117 0.000000 979.525151
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.839295 0.818285 6.642683 7.460968 0.000000 996.021010
M-2 996.839295 0.818284 6.642683 7.460967 0.000000 996.021011
M-3 996.839292 0.818286 6.642683 7.460969 0.000000 996.021007
B-1 996.839293 0.818286 6.642684 7.460970 0.000000 996.021007
B-2 996.839308 0.818276 6.642679 7.460955 0.000000 996.021032
B-3 996.839279 0.818282 6.642686 7.460968 0.000000 996.020992
_______________________________________________________________________________
DETERMINATION DATE 21-April-97
DISTRIBUTION DATE 25-April-97
Run: 04/30/97 14:35:24 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 45,536.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,950.43
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 4,142,644.60
(B) TWO MONTHLY PAYMENTS: 3 444,075.08
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 324,161.08
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 215,800,426.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,032
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,446,287.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.94323400 % 8.08875000 % 1.69992720 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.98223580 % 8.25546550 % 1.73971100 %
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 9.12926900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.86
POOL TRADING FACTOR: 94.71583349
................................................................................
Run: 04/30/97 14:34:49 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 3,860,854.15 7.400000 % 76,372.44
A-2 76110FEL3 4,074,824.00 3,741,697.06 7.300000 % 182,842.09
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 30,610,374.98 6.156300 % 531,954.46
A-8 76110FES8 0.00 0.00 2.843700 % 0.00
A-9 76110FET6 32,965,000.00 30,561,557.20 0.000000 % 1,319,168.28
A-10 76110FEU3 20,953,719.00 20,907,026.42 7.400000 % 25,628.01
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 115,824.70 115,233.49 0.000000 % 228.21
A-V 76110FGR8 0.00 0.00 0.909919 % 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 6,649,286.26 7.750000 % 3,975.47
M-2 76110FFC2 4,440,700.00 4,432,890.78 7.750000 % 2,650.34
M-3 76110FFD0 3,108,500.00 3,103,033.53 7.750000 % 1,855.24
B-1 1,509,500.00 1,506,845.46 7.750000 % 900.91
B-2 444,000.00 443,219.21 7.750000 % 264.99
B-3 1,154,562.90 1,152,532.45 7.750000 % 689.09
- -------------------------------------------------------------------------------
177,623,205.60 173,700,362.99 2,146,529.53
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 23,801.43 100,173.87 0.00 0.00 3,784,481.71
A-2 22,755.13 205,597.22 0.00 0.00 3,558,854.97
A-3 77,104.98 77,104.98 0.00 0.00 13,128,206.00
A-4 22,897.75 22,897.75 0.00 0.00 3,765,148.00
A-5 64,730.50 64,730.50 0.00 0.00 10,500,000.00
A-6 16,031.59 16,031.59 0.00 0.00 2,600,500.00
A-7 156,991.58 688,946.04 0.00 0.00 30,078,420.52
A-8 72,517.09 72,517.09 0.00 0.00 0.00
A-9 186,952.71 1,506,120.99 0.00 0.00 29,242,388.92
A-10 128,887.83 154,515.84 0.00 0.00 20,881,398.41
A-11 90,228.03 90,228.03 0.00 0.00 13,975,000.00
A-12 12,912.78 12,912.78 0.00 0.00 2,000,000.00
A-13 133,304.78 133,304.78 0.00 0.00 20,646,958.00
A-14 0.00 228.21 0.00 0.00 115,005.28
A-V 131,671.38 131,671.38 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 42,930.38 46,905.85 0.00 0.00 6,645,310.79
M-2 28,620.47 31,270.81 0.00 0.00 4,430,240.44
M-3 20,034.38 21,889.62 0.00 0.00 3,101,178.29
B-1 9,728.78 10,629.69 0.00 0.00 1,505,944.55
B-2 2,861.60 3,126.59 0.00 0.00 442,954.22
B-3 7,441.20 8,130.29 0.00 0.00 1,151,843.36
- -------------------------------------------------------------------------------
1,252,404.37 3,398,933.90 0.00 0.00 171,553,833.46
===============================================================================
Run: 04/30/97 14:34:49
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-1 965.213538 19.093110 5.950358 25.043468 0.000000 946.120428
A-2 918.247527 44.871162 5.584322 50.455484 0.000000 873.376365
A-3 1000.000000 0.000000 5.873231 5.873231 0.000000 1000.000000
A-4 1000.000000 0.000000 6.081501 6.081501 0.000000 1000.000000
A-5 1000.000000 0.000000 6.164810 6.164810 0.000000 1000.000000
A-6 1000.000000 0.000000 6.164811 6.164811 0.000000 1000.000000
A-7 969.309644 16.844896 4.971303 21.816199 0.000000 952.464748
A-9 927.091072 40.017239 5.671249 45.688488 0.000000 887.073834
A-10 997.771633 1.223077 6.151072 7.374149 0.000000 996.548556
A-11 1000.000000 0.000000 6.456389 6.456389 0.000000 1000.000000
A-12 1000.000000 0.000000 6.456390 6.456390 0.000000 1000.000000
A-13 1000.000000 0.000000 6.456388 6.456388 0.000000 1000.000000
A-14 994.895648 1.970305 0.000000 1.970305 0.000000 992.925343
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.241444 0.596828 6.445035 7.041863 0.000000 997.644616
M-2 998.241444 0.596829 6.445036 7.041865 0.000000 997.644615
M-3 998.241444 0.596828 6.445031 7.041859 0.000000 997.644616
B-1 998.241444 0.596827 6.445035 7.041862 0.000000 997.644617
B-2 998.241464 0.596824 6.445045 7.041869 0.000000 997.644640
B-3 998.241369 0.596832 6.445036 7.041868 0.000000 997.644526
_______________________________________________________________________________
DETERMINATION DATE 21-April-97
DISTRIBUTION DATE 25-April-97
Run: 04/30/97 14:34:50 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 36,009.48
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,287.37
SUBSERVICER ADVANCES THIS MONTH 36,231.70
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,014,105.97
(B) TWO MONTHLY PAYMENTS: 7 1,132,862.96
(C) THREE OR MORE MONTHLY PAYMENTS: 1 238,270.46
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 235,903.61
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 171,553,833.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,593
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 2,042,620.39
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.04073230 % 8.17190400 % 1.78736340 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.92207780 % 8.26372063 % 1.80865800 %
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 8.98204930
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.84
POOL TRADING FACTOR: 96.58300720
................................................................................
Run: 04/30/97 14:34:58 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 32,493,836.33 6.750000 % 2,010,076.16
A-2 76110FFF5 10,146,000.00 9,966,196.78 6.750000 % 472,959.11
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 31,309,367.39 11.000000 % 532,078.97
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 212,947.62 212,706.43 0.000000 % 234.44
A-13 76110FFS7 0.00 0.00 0.978684 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,371,457.11 7.500000 % 5,511.67
M-2 76110FFW8 6,251,000.00 6,247,304.94 7.500000 % 3,674.25
M-3 76110FFW8 4,375,700.00 4,373,113.46 7.500000 % 2,571.98
B-1 1,624,900.00 1,623,939.50 7.500000 % 955.09
B-2 624,800.00 624,430.67 7.500000 % 367.25
B-3 1,500,282.64 1,499,395.79 7.500000 % 881.85
- -------------------------------------------------------------------------------
250,038,730.26 248,878,102.40 3,029,310.77
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 182,676.68 2,192,752.84 0.00 0.00 30,483,760.17
A-2 56,028.84 528,987.95 0.00 0.00 9,493,237.67
A-3 139,512.75 139,512.75 0.00 0.00 24,816,000.00
A-4 89,601.64 89,601.64 0.00 0.00 15,938,000.00
A-5 57,641.21 57,641.21 0.00 0.00 10,253,000.00
A-6 286,843.70 818,922.67 0.00 0.00 30,777,288.42
A-7 99,237.55 99,237.55 0.00 0.00 17,652,000.00
A-8 31,795.08 31,795.08 0.00 0.00 5,655,589.00
A-9 107,198.14 107,198.14 0.00 0.00 19,068,000.00
A-10 57,724.22 57,724.22 0.00 0.00 10,267,765.00
A-11 296,748.19 296,748.19 0.00 0.00 47,506,000.00
A-12 0.00 234.44 0.00 0.00 212,471.99
A-13 202,865.19 202,865.19 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 58,539.20 64,050.87 0.00 0.00 9,365,945.44
M-2 39,024.05 42,698.30 0.00 0.00 6,243,630.69
M-3 27,316.83 29,888.81 0.00 0.00 4,370,541.48
B-1 10,144.00 11,099.09 0.00 0.00 1,622,984.41
B-2 3,900.53 4,267.78 0.00 0.00 624,063.42
B-3 9,366.03 10,247.88 0.00 0.00 1,498,513.94
- -------------------------------------------------------------------------------
1,756,163.83 4,785,474.60 0.00 0.00 245,848,791.63
===============================================================================
Run: 04/30/97 14:34:58
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-1 977.023162 60.438877 5.492714 65.931591 0.000000 916.584286
A-2 982.278413 46.615327 5.522259 52.137586 0.000000 935.663086
A-3 1000.000000 0.000000 5.621887 5.621887 0.000000 1000.000000
A-4 1000.000000 0.000000 5.621887 5.621887 0.000000 1000.000000
A-5 1000.000000 0.000000 5.621887 5.621887 0.000000 1000.000000
A-6 993.580830 16.885153 9.102784 25.987937 0.000000 976.695677
A-7 1000.000000 0.000000 5.621887 5.621887 0.000000 1000.000000
A-8 1000.000000 0.000000 5.621887 5.621887 0.000000 1000.000000
A-9 1000.000000 0.000000 5.621887 5.621887 0.000000 1000.000000
A-10 1000.000000 0.000000 5.621888 5.621888 0.000000 1000.000000
A-11 1000.000000 0.000000 6.246541 6.246541 0.000000 1000.000000
A-12 998.867374 1.100928 0.000000 1.100928 0.000000 997.766446
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.408885 0.587786 6.242850 6.830636 0.000000 998.821098
M-2 999.408885 0.587786 6.242849 6.830635 0.000000 998.821099
M-3 999.408885 0.587787 6.242848 6.830635 0.000000 998.821098
B-1 999.408887 0.587784 6.242846 6.830630 0.000000 998.821103
B-2 999.408883 0.587788 6.242846 6.830634 0.000000 998.821095
B-3 999.408878 0.587789 6.242844 6.830633 0.000000 998.821089
_______________________________________________________________________________
DETERMINATION DATE 21-April-97
DISTRIBUTION DATE 25-April-97
Run: 04/30/97 14:34:59 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 52,050.13
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 10,674.64
SUBSERVICER ADVANCES THIS MONTH 66,439.16
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 75 7,662,479.76
(B) TWO MONTHLY PAYMENTS: 9 903,250.00
(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 245,848,791.63
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,245
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 2,882,858.87
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.45317850 % 8.03966900 % 1.50715220 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.34113550 % 8.12699443 % 1.52484040 %
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 8.80264291
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.42
POOL TRADING FACTOR: 98.32428415
................................................................................
Run: 04/30/97 14:35:04 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 31,108,570.00 9.000000 % 268,850.22
A-2 37,000,000.00 37,000,000.00 7.250000 % 579,702.18
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 10,000,000.00 7.250000 % 92,423.41
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 130,561.76 130,561.76 0.000000 % 135.63
A-10 76110FGH0 0.00 0.00 0.746873 % 0.00
R 76100FGJ6 100.00 100.00 7.750000 % 100.00
M-1 76110FGK3 4,931,600.00 4,931,600.00 7.750000 % 2,875.71
M-2 76110FGL1 4,109,600.00 4,109,600.00 7.750000 % 2,396.39
M-3 76110FGM9 2,630,200.00 2,630,200.00 7.750000 % 1,533.72
B-1 1,068,500.00 1,068,500.00 7.750000 % 623.06
B-2 410,900.00 410,900.00 7.750000 % 239.60
B-3 821,738.81 821,738.81 7.750000 % 479.19
- -------------------------------------------------------------------------------
164,383,983.57 164,383,983.57 949,359.11
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 233,165.51 502,015.73 0.00 0.00 30,839,719.78
A-2 223,399.13 803,101.31 0.00 0.00 36,420,297.82
A-3 31,396.64 31,396.64 0.00 0.00 5,200,000.00
A-4 109,888.21 109,888.21 0.00 0.00 18,200,000.00
A-5 60,378.14 152,801.55 0.00 0.00 9,907,576.59
A-6 44,507.32 44,507.32 0.00 0.00 7,371,430.00
A-7 67,128.89 67,128.89 0.00 0.00 10,400,783.00
A-8 200,080.67 200,080.67 0.00 0.00 31,000,000.00
A-9 0.00 135.63 0.00 0.00 130,426.13
A-10 102,246.43 102,246.43 0.00 0.00 0.00
R 0.65 100.65 0.00 0.00 0.00
M-1 31,829.61 34,705.32 0.00 0.00 4,928,724.29
M-2 26,524.25 28,920.64 0.00 0.00 4,107,203.61
M-3 16,975.88 18,509.60 0.00 0.00 2,628,666.28
B-1 6,896.33 7,519.39 0.00 0.00 1,067,876.94
B-2 2,652.04 2,891.64 0.00 0.00 410,660.40
B-3 5,303.68 5,782.87 0.00 0.00 821,259.62
- -------------------------------------------------------------------------------
1,162,373.38 2,111,732.49 0.00 0.00 163,434,624.46
===============================================================================
Run: 04/30/97 14:35:04
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 1000.000000 8.642320 7.495218 16.137538 0.000000 991.357680
A-2 1000.000000 15.667626 6.037814 21.705440 0.000000 984.332374
A-3 1000.000000 0.000000 6.037815 6.037815 0.000000 1000.000000
A-4 1000.000000 0.000000 6.037814 6.037814 0.000000 1000.000000
A-5 1000.000000 9.242341 6.037814 15.280155 0.000000 990.757659
A-6 1000.000000 0.000000 6.037814 6.037814 0.000000 1000.000000
A-7 1000.000000 0.000000 6.454215 6.454215 0.000000 1000.000000
A-8 1000.000000 0.000000 6.454215 6.454215 0.000000 1000.000000
A-9 1000.000000 1.038819 0.000000 1.038819 0.000000 998.961181
R 1000.000000 1000.00000 6.500000 1006.500000 0.000000 0.000000
M-1 1000.000000 0.583119 6.454216 7.037335 0.000000 999.416881
M-2 1000.000000 0.583120 6.454217 7.037337 0.000000 999.416880
M-3 1000.000000 0.583119 6.454216 7.037335 0.000000 999.416881
B-1 1000.000000 0.583117 6.454216 7.037333 0.000000 999.416884
B-2 1000.000000 0.583110 6.454222 7.037332 0.000000 999.416890
B-3 1000.000000 0.583117 6.454216 7.037333 0.000000 999.416859
_______________________________________________________________________________
DETERMINATION DATE 21-April-97
DISTRIBUTION DATE 25-April-97
Run: 04/30/97 14:35:05 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 34,316.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,641.91
SUBSERVICER ADVANCES THIS MONTH 13,422.88
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 16 1,530,113.30
(B) TWO MONTHLY PAYMENTS: 1 202,383.49
(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 163,434,624.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,507
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 853,488.18
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.49330430 % 7.10572700 % 1.40096860 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.44884740 % 7.13716216 % 1.40829020 %
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 8.81924839
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.63
POOL TRADING FACTOR: 99.42247469
................................................................................
