SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
November 25, 1998
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in it's charter)
33-95932, 333-8733, 333-33493
333-48327 51-0368240
333-63549
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the November 1998 distribution to holders of the following series of Conduit
Mortgage Pass-Through
<PAGE>
Certificates.
Master Serviced by Residential Funding Corporation
1995-QS1 RALI 1996-QS1 RALI 1996-QS2 RALI 1996-QS3 RALI 1996-QS4 RALI 1996-QS5
RALI 1996-QS7 RALI 1996-QS8 RALI 1997-QS1 RALI 1997-QS2 RALI 1997-QS3 RALI
1997-QS4 RALI 1997-QS5 RALI 1997-QS6 RALI 1997-QS7 RALI 1997-QS8 RALI 1997-QS9
RALI 1997-QS10 RALI 1997-QS11 RALI 1997-QS12 RALI 1997-QS13 RALI 1998-QS1 RALI
1998-QS2 RALI 1998-QS3GR1 RALI 1998-QS4 RALI 1998-QS5 RALI 1998-QS6 RALI
1998-QS8 RALI 1998-QS7 RALI 1998-QS10 RALI 1998-QS11 RALI 1998-QS9 RALI
1998-QS12 RALI 30 YR FIXED RALI 1998-QS14 RALI ->
Item 7. Financial Statements and Exhibits (a) Not applicable (b) Not applicable
(c) See Item 5.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities ExchangeAct 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:
Name: Davee Olson
Title: Chief Financial Officer
Dated: November 25, 1998
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities ExchangeAct 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
Dated: November 25, 1998
<PAGE>
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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 0.00 6.900000 % 0.00
A-3 76110FAC7 22,250,000.00 17,826,452.60 7.300000 % 3,299,516.49
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 2,228,313.01 0.000000 % 81,565.23
- -------------------------------------------------------------------------------
258,459,514.42 119,263,765.61 3,381,081.72
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-3 108,444.25 3,407,960.74 0.00 0.00 14,526,936.11
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 150,988.05 232,553.28 0.00 0.00 2,146,747.78
- -------------------------------------------------------------------------------
879,488.55 4,260,570.27 0.00 0.00 115,882,683.89
===============================================================================
_______________________________________________________________________________
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 801.188881 148.292876 4.873899 153.166775 0.000000 652.896005
A-4 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
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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 24,260.76
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 78.09
SUBSERVICER ADVANCES THIS MONTH 90,174.16
MASTER SERVICER ADVANCES THIS MONTH 8,392.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 70 6,526,590.60
(B) TWO MONTHLY PAYMENTS: 7 738,965.59
(C) THREE OR MORE MONTHLY PAYMENTS: 2 226,140.25
FORECLOSURES
NUMBER OF LOANS 21
AGGREGATE PRINCIPAL BALANCE 2,909,367.91
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 115,882,683.89
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,378
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 9
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,023,213.93
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,237,685.78
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.13160940 % 1.86839060 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.14748180 % 1.85251820 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33383049
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 289.01
POOL TRADING FACTOR: 44.83591333
................................................................................
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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-1 76110FAG8 52,015,000.00 0.00 6.000000 % 0.00
A-I-2 76110FAH6 67,186,000.00 498,345.05 6.250000 % 498,345.05
A-I-3 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 4,518,739.19
A-I-4 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I-5 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I-6 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I-7 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 10,863,877.08 5.652500 % 336,033.97
R 0.53 1,990,021.57 0.000000 % 17,602.75
- -------------------------------------------------------------------------------
255,942,104.53 120,718,379.70 5,370,720.96
===============================================================================
_______________________________________________________________________________
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 2,595.55 500,940.60 0.00 0.00 0.00
A-I-3 126,911.25 4,645,650.44 0.00 0.00 18,043,260.81
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 54,045.51 390,079.48 0.00 0.00 10,527,843.11
R 87,006.30 104,609.05 0.00 0.00 1,972,418.82
- -------------------------------------------------------------------------------
762,037.61 6,132,758.57 0.00 0.00 115,347,658.74
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 7.417394 7.417394 0.038632 7.456026 0.000000 0.000000
A-I-3 1000.000000 200.280968 5.625000 205.905968 0.000000 799.719032
A-I-4 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I-7 1000.000000 0.000000 5.583334 5.583334 0.000000 1000.000000
A-II 369.834516 11.439467 1.839849 13.279316 0.000000 358.395050
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
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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 25,103.90
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 67,683.09
MASTER SERVICER ADVANCES THIS MONTH 18,558.10
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 4,568,636.75
(B) TWO MONTHLY PAYMENTS: 5 930,976.08
(C) THREE OR MORE MONTHLY PAYMENTS: 5 463,360.67
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 2,372,845.62
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 115,347,658.74
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,091
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 2,299,270.29
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,008,532.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.35151730 % 1.64848270 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.29002270 % 1.70997730 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,584,285.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,584,285.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.95926900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 298.03
POOL TRADING FACTOR: 45.06787148
................................................................................
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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 0.00 6.400000 % 0.00
A-2 76110FAT0 16,000,000.00 0.00 7.000000 % 0.00
A-3 76110FAU7 28,500,000.00 8,649,728.96 7.050000 % 3,934,429.93
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 178,007.00 131,199.78 0.000000 % 1,351.05
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 107,833,453.92 3,935,780.98
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-3 50,817.16 3,985,247.09 0.00 0.00 4,715,299.03
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 1,351.05 0.00 0.00 129,848.73
R 103,787.47 103,787.47 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
749,105.11 4,684,886.09 0.00 0.00 103,897,672.94
===============================================================================
_______________________________________________________________________________
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 303.499262 138.050173 1.783058 139.833231 0.000000 165.449089
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-10 737.048431 7.589870 0.000000 7.589870 0.000000 729.458561
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
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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 22,174.57
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 63,873.71
MASTER SERVICER ADVANCES THIS MONTH 3,310.46
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 3,478,910.84
(B) TWO MONTHLY PAYMENTS: 9 935,032.69
(C) THREE OR MORE MONTHLY PAYMENTS: 6 1,158,755.24
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 2,255,235.19
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 103,897,672.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,085
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 419,897.89
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,819,897.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.31303360 % 1.68696640 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.24912900 % 1.75087100 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.79650593
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 304.53
POOL TRADING FACTOR: 57.11443189
................................................................................
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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-1 76110FBC6 42,855,000.00 0.00 6.780000 % 0.00
A-I-2 76110FBD4 26,000,000.00 0.00 7.150000 % 0.00
A-I-3 76110FBE2 10,596,000.00 1,586,920.73 7.290000 % 1,586,920.73
A-I-4 76110FBF9 25,000,000.00 2,816,799.27 7.250000 % 2,816,799.27
A-I-5 76110FBG7 18,587,000.00 18,587,000.00 7.460000 % 278,438.01
A-I-6 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I-7 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I-8 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I-9 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I-10 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I-11 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 12,944,873.77 7.750000 % 234,267.04
A-P 76110FBQ5 1,166,695.86 923,102.67 0.000000 % 4,934.10
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 12,181,422.39 7.750000 % 12,656.51
M-2 76110FBU6 5,568,000.00 5,413,749.42 7.750000 % 5,624.89
M-3 76110FBV4 4,176,000.00 4,060,312.07 7.750000 % 4,218.67
B-1 1,809,600.00 1,759,468.55 7.750000 % 1,828.09
B-2 696,000.00 676,718.67 7.750000 % 703.11
B-3 1,670,738.96 1,484,630.04 7.750000 % 1,542.53
A-V 76110FHY2 0.00 0.00 0.696390 % 0.00
STRIP 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 169,634,559.58 4,947,932.95
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-I-3 9,634.20 1,596,554.93 0.00 0.00 0.00
A-I-4 17,006.96 2,833,806.23 0.00 0.00 0.00
A-I-5 115,473.14 393,911.15 0.00 0.00 18,308,561.99
A-I-6 140,027.79 140,027.79 0.00 0.00 21,696,000.00
A-I-7 51,936.01 51,936.01 0.00 0.00 8,047,000.00
A-I-8 112,533.40 112,533.40 0.00 0.00 17,436,000.00
A-I-9 162,287.92 162,287.92 0.00 0.00 25,145,000.00
A-I-10 122,627.58 122,627.58 0.00 0.00 19,000,000.00
A-I-11 102,462.20 102,462.20 0.00 0.00 15,875,562.00
A-II 83,547.29 317,814.33 0.00 0.00 12,710,606.73
A-P 0.00 4,934.10 0.00 0.00 918,168.57
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 78,619.92 91,276.43 0.00 0.00 12,168,765.88
M-2 34,940.79 40,565.68 0.00 0.00 5,408,124.53
M-3 26,205.59 30,424.26 0.00 0.00 4,056,093.40
B-1 11,355.75 13,183.84 0.00 0.00 1,757,640.46
B-2 4,367.59 5,070.70 0.00 0.00 676,015.56
B-3 9,581.93 11,124.46 0.00 0.00 1,483,087.52
A-V 98,378.33 98,378.33 0.00 0.00 0.00
STRIP 6,269.71 6,269.71 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,187,256.10 6,135,189.05 0.00 0.00 164,686,626.64
===============================================================================
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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-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 149.766018 149.766018 0.909230 150.675248 0.000000 0.000000
A-I-4 112.671971 112.671971 0.680278 113.352249 0.000000 0.000000
A-I-5 1000.000000 14.980256 6.212575 21.192831 0.000000 985.019744
A-I-6 1000.000000 0.000000 6.454083 6.454083 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.454084 6.454084 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.454084 6.454084 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.454083 6.454083 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.454083 6.454083 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.454083 6.454083 0.000000 1000.000000
A-II 629.876789 11.399058 4.065277 15.464335 0.000000 618.477730
A-P 791.211062 4.229120 0.000000 4.229120 0.000000 786.981942
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-1 972.296954 1.010218 6.275286 7.285504 0.000000 971.286737
M-2 972.296950 1.010217 6.275286 7.285503 0.000000 971.286733
M-3 972.296952 1.010218 6.275285 7.285503 0.000000 971.286734
B-1 972.296944 1.010218 6.275282 7.285500 0.000000 971.286726
B-2 972.296940 1.010216 6.275273 7.285489 0.000000 971.286724
B-3 888.606823 0.923262 5.735145 6.658407 0.000000 887.683565
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:53:36 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 35,043.78
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 53,352.48
MASTER SERVICER ADVANCES THIS MONTH 1,295.45
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 4,028,785.51
(B) TWO MONTHLY PAYMENTS: 3 285,457.89
(C) THREE OR MORE MONTHLY PAYMENTS: 3 381,379.31
FORECLOSURES
NUMBER OF LOANS 19
AGGREGATE PRINCIPAL BALANCE 1,978,584.94
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 164,686,626.64
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,652
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 3
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 160,085.52
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,764,887.39
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.37853470 % 12.76596200 % 2.31133170 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 84.39887160 % 13.13584731 % 2.39163490 %
BANKRUPTCY AMOUNT AVAILABLE 164,142.00
FRAUD AMOUNT AVAILABLE 1,819,704.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,939,378.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.73263500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 304.43
POOL TRADING FACTOR: 59.15367307
................................................................................
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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-1 76110FBW2 45,914,000.00 0.00 6.850000 % 0.00
A-I-2 76110FBX0 26,945,000.00 3,131,658.99 11.000000 % 712,695.36
A-I-3 76110FBY8 15,646,000.00 0.00 7.300000 % 0.00
A-I-4 76110FBZ5 32,740,000.00 12,777,173.44 7.500000 % 4,275,910.94
A-I-5 76110FCA9 10,023,000.00 10,023,000.00 7.700000 % 0.00
A-I-6 76110FCB7 26,811,000.00 26,811,000.00 8.000000 % 0.00
A-I-7 76110FCC5 18,046,000.00 18,046,000.00 8.000000 % 0.00
A-I-8 76110FCD3 9,094,000.00 9,094,000.00 8.000000 % 0.00
A-I-9 76110FCE1 10,284,000.00 10,284,000.00 8.000000 % 0.00
A-I-10 76110FCF8 27,538,000.00 27,538,000.00 7.900000 % 0.00
A-II-1 76110FCG6 16,021,000.00 6,240,583.67 7.250000 % 777,308.69
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,149,777.06 0.000000 % 40,546.98
A-V-1 0.00 0.00 0.944791 % 0.00
A-V-2 0.00 0.00 0.375432 % 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 12,883,007.27 8.000000 % 25,538.72
M-2 76110FCN1 5,570,800.00 5,424,485.60 8.000000 % 10,753.27
M-3 76110FCP6 4,456,600.00 4,339,549.55 8.000000 % 8,602.54
B-1 76110FCR2 2,228,400.00 2,169,872.15 8.000000 % 4,301.46
B-2 76110FCS0 696,400.00 678,109.38 8.000000 % 0.00
B-3 76110FCT8 1,671,255.97 1,097,027.22 8.000000 % 0.00
STRIP 0.00 0.00 0.152844 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 161,267,244.33 5,855,657.96
===============================================================================
_______________________________________________________________________________
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 28,652.32 741,347.68 0.00 0.00 2,418,963.63
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 79,705.58 4,355,616.52 0.00 0.00 8,501,262.50
A-I-5 64,192.04 64,192.04 0.00 0.00 10,023,000.00
A-I-6 178,400.35 178,400.35 0.00 0.00 26,811,000.00
A-I-7 120,078.06 120,078.06 0.00 0.00 18,046,000.00
A-I-8 60,511.46 60,511.46 0.00 0.00 9,094,000.00
A-I-9 68,429.72 68,429.72 0.00 0.00 10,284,000.00
A-I-10 180,947.33 180,947.33 0.00 0.00 27,538,000.00
A-II-1 37,631.88 814,940.57 0.00 0.00 5,463,274.98
A-II-2 54,593.56 54,593.56 0.00 0.00 8,580,000.00
A-P 0.00 40,546.98 0.00 0.00 2,109,230.08
A-V-1 84,465.61 84,465.61 0.00 0.00 0.00
A-V-2 16,794.09 16,794.09 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 85,723.51 111,262.23 0.00 0.00 12,857,468.55
M-2 36,094.52 46,847.79 0.00 0.00 5,413,732.33
M-3 28,875.36 37,477.90 0.00 0.00 4,330,947.01
B-1 14,438.32 18,739.78 0.00 0.00 2,165,570.69
B-2 920.27 920.27 0.00 0.00 678,109.38
B-3 0.00 0.00 0.00 0.00 1,093,508.26
STRIP 8,681.59 8,681.59 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,149,135.57 7,004,793.53 0.00 0.00 155,408,067.41
===============================================================================
Run: 12/01/98 15:53:38
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-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 116.224123 26.450004 1.063363 27.513367 0.000000 89.774119
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 390.261864 130.602045 2.434502 133.036547 0.000000 259.659820
A-I-5 1000.000000 0.000000 6.404474 6.404474 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.653998 6.653998 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.653999 6.653999 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.653998 6.653998 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.653998 6.653998 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.570823 6.570823 0.000000 1000.000000
A-II-1 389.525228 48.518113 2.348910 50.867023 0.000000 341.007114
A-II-2 1000.000000 0.000000 6.362886 6.362886 0.000000 1000.000000
A-P 707.247727 13.339412 0.000000 13.339412 0.000000 693.908315
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
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-1 973.735480 1.930291 6.479234 8.409525 0.000000 971.805189
M-2 973.735478 1.930292 6.479235 8.409527 0.000000 971.805186
M-3 973.735482 1.930292 6.479235 8.409527 0.000000 971.805190
B-1 973.735483 1.930291 6.479232 8.409523 0.000000 971.805192
B-2 973.735468 0.000000 1.321468 1.321468 0.000000 973.735468
B-3 656.408856 0.000000 0.000000 0.000000 0.000000 654.303281
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
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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 32,970.05
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 55,458.15
MASTER SERVICER ADVANCES THIS MONTH 7,170.88
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 4,092,994.55
(B) TWO MONTHLY PAYMENTS: 10 944,115.16
(C) THREE OR MORE MONTHLY PAYMENTS: 6 707,392.13
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 865,355.65
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 155,408,067.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,701
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 862,175.39
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,535,683.15
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 82.17751640 % 14.04317600 % 2.44625550 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.68784250 % 14.54374169 % 2.56830930 %
BANKRUPTCY AMOUNT AVAILABLE 205,069.00
FRAUD AMOUNT AVAILABLE 2,211,823.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,211,823.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.97661900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 297.39
POOL TRADING FACTOR: 55.79464858
................................................................................
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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-1 76110FCU5 23,848,000.00 2,457,808.60 9.500000 % 604,565.11
A-I-2 76110FCV3 25,000,000.00 5,503,760.33 7.600000 % 1,021,312.85
A-I-3 76110FCW1 12,373,000.00 0.00 6.650000 % 0.00
A-I-4 76110FCX9 7,100,000.00 0.00 7.450000 % 0.00
A-I-5 76110FCY7 10,137,000.00 937,524.39 7.600000 % 937,524.39
A-I-6 76110FCZ4 5,558,000.00 5,558,000.00 7.800000 % 617,795.05
A-I-7 76110FDA8 16,926,000.00 16,926,000.00 8.000000 % 0.00
A-I-8 76110FDB6 6,884,000.00 6,884,000.00 8.000000 % 0.00
A-I-9 76110FDC4 11,229,000.00 11,229,000.00 8.000000 % 0.00
A-I-10 76110FDD2 22,501,000.00 22,501,000.00 8.000000 % 0.00
A-II-1 76110FDE0 11,162,000.00 4,881,959.12 8.000000 % 712,479.06
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 863,315.51 0.000000 % 34,608.44
A-V-1 0.00 0.00 1.020266 % 0.00
A-V-2 0.00 0.00 0.492654 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,709,833.48 8.000000 % 21,261.62
M-2 76110FDK6 3,958,800.00 3,854,478.62 8.000000 % 10,629.60
M-3 76110FDL4 2,815,100.00 2,740,917.14 8.000000 % 7,558.70
B-1 76110FDM2 1,407,600.00 1,370,507.25 8.000000 % 3,779.49
B-2 76110FDN0 439,800.00 428,210.49 8.000000 % 1,180.89
B-3 76110FDP5 1,055,748.52 989,746.76 8.000000 % 2,729.45
- -------------------------------------------------------------------------------
175,944,527.21 99,361,061.69 3,975,424.65
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 19,351.00 623,916.11 0.00 0.00 1,853,243.49
A-I-2 34,666.10 1,055,978.95 0.00 0.00 4,482,447.48
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 5,905.11 943,429.50 0.00 0.00 0.00
A-I-6 35,928.99 653,724.04 0.00 0.00 4,940,204.95
A-I-7 112,221.54 112,221.54 0.00 0.00 16,926,000.00
A-I-8 45,641.79 45,641.79 0.00 0.00 6,884,000.00
A-I-9 74,449.70 74,449.70 0.00 0.00 11,229,000.00
A-I-10 149,184.50 149,184.50 0.00 0.00 22,501,000.00
A-II-1 32,368.01 744,847.07 0.00 0.00 4,169,480.06
A-II-2 30,001.33 30,001.33 0.00 0.00 4,525,000.00
A-P 0.00 34,608.44 0.00 0.00 828,707.07
A-V-1 59,224.70 59,224.70 0.00 0.00 0.00
A-V-2 11,970.89 11,970.89 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 51,117.18 72,378.80 0.00 0.00 7,688,571.86
M-2 25,555.68 36,185.28 0.00 0.00 3,843,849.02
M-3 18,172.63 25,731.33 0.00 0.00 2,733,358.44
B-1 9,086.64 12,866.13 0.00 0.00 1,366,727.76
B-2 2,839.09 4,019.98 0.00 0.00 427,029.60
B-3 6,562.15 9,291.60 0.00 0.00 974,612.08
- -------------------------------------------------------------------------------
724,247.03 4,699,671.68 0.00 0.00 95,373,231.81
===============================================================================
Run: 12/01/98 15:53:41
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-1 103.061414 25.350768 0.811431 26.162199 0.000000 77.710646
A-I-2 220.150413 40.852514 1.386644 42.239158 0.000000 179.297899
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 92.485389 92.485389 0.582530 93.067919 0.000000 0.000000
A-I-6 1000.000000 111.154201 6.464374 117.618575 0.000000 888.845799
A-I-7 1000.000000 0.000000 6.630128 6.630128 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.630126 6.630126 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.630127 6.630127 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.630128 6.630128 0.000000 1000.000000
A-II-1 437.373152 63.830770 2.899840 66.730610 0.000000 373.542381
A-II-2 1000.000000 0.000000 6.630128 6.630128 0.000000 1000.000000
A-P 780.660228 31.294969 0.000000 31.294969 0.000000 749.365259
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 973.648226 2.685057 6.455412 9.140469 0.000000 970.963170
M-2 973.648232 2.685056 6.455411 9.140467 0.000000 970.963176
M-3 973.648233 2.685056 6.455412 9.140468 0.000000 970.963177
B-1 973.648231 2.685060 6.455413 9.140473 0.000000 970.963171
B-2 973.648226 2.685061 6.455412 9.140473 0.000000 970.963165
B-3 937.483445 2.585322 6.215637 8.800959 0.000000 923.147948
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:53:42 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 20,184.10
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 45,475.26
MASTER SERVICER ADVANCES THIS MONTH 3,230.65
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,018,496.33
(B) TWO MONTHLY PAYMENTS: 5 481,878.29
(C) THREE OR MORE MONTHLY PAYMENTS: 5 1,181,270.94
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 925,724.41
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 95,373,231.81
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,042
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 396,208.13
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,675,949.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 81.92751870 % 14.39721900 % 2.80639560 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 81.98293470 % 14.95784409 % 2.92811190 %
BANKRUPTCY AMOUNT AVAILABLE 125,000.00
FRAUD AMOUNT AVAILABLE 1,003,426.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,900,000.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.12390800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 302.40
POOL TRADING FACTOR: 54.20642138
................................................................................
Run: 12/01/98 15:53:43 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-1 76110FDQ3 20,106,154.00 0.00 7.050000 % 0.00
A-I-2 76110FDR1 43,322,483.00 6,213,836.99 5.619690 % 1,259,944.90
A-I-3 76110FDS9 0.00 0.00 3.380310 % 0.00
A-I-4 76110FDT7 13,330,948.00 0.00 7.125000 % 0.00
A-I-5 76110FDU4 24,973,716.00 9,115,663.16 7.600000 % 3,149,862.46
A-I-6 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I-7 76110FDW0 1,000,000.00 1,000,000.00 7.700000 % 0.00
A-I-8 76110FDX8 9,539,699.00 9,539,699.00 7.700000 % 0.00
A-I-9 76110FDY6 22,526,000.00 22,526,000.00 8.000000 % 0.00
A-I-10 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I-11 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I-12 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 13,261,531.99 8.000000 % 454,877.47
A-P 76110FED1 601,147.92 417,003.13 0.000000 % 9,480.70
A-V-1 0.00 0.00 0.887065 % 0.00
A-V-2 0.00 0.00 0.534300 % 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 8,889,787.70 8.000000 % 9,221.04
M-2 76110FEH2 5,126,400.00 4,999,956.96 8.000000 % 5,186.27
M-3 76110FEJ8 3,645,500.00 3,555,583.45 8.000000 % 3,688.07
B-1 1,822,700.00 1,777,742.98 8.000000 % 1,843.99
B-2 569,600.00 555,550.79 8.000000 % 576.25
B-3 1,366,716.75 1,269,298.34 8.000000 % 1,316.54
- -------------------------------------------------------------------------------
227,839,864.67 133,811,654.49 4,895,997.69
===============================================================================
_______________________________________________________________________________
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 28,983.58 1,288,928.48 0.00 0.00 4,953,892.09
A-I-3 17,433.97 17,433.97 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 57,501.84 3,207,364.30 0.00 0.00 5,965,800.70
A-I-6 493.30 493.30 0.00 0.00 0.00
A-I-7 6,391.03 6,391.03 0.00 0.00 1,000,000.00
A-I-8 60,968.48 60,968.48 0.00 0.00 9,539,699.00
A-I-9 149,573.27 149,573.27 0.00 0.00 22,526,000.00
A-I-10 77,356.33 77,356.33 0.00 0.00 11,650,000.00
A-I-11 201,996.30 201,996.30 0.00 0.00 30,421,000.00
A-I-12 57,230.40 57,230.40 0.00 0.00 8,619,000.00
A-II 88,056.94 542,934.41 0.00 0.00 12,806,654.52
A-P 0.00 9,480.70 0.00 0.00 407,522.43
A-V-1 75,462.71 75,462.71 0.00 0.00 0.00
A-V-2 13,888.60 13,888.60 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 59,028.44 68,249.48 0.00 0.00 8,880,566.66
M-2 33,199.86 38,386.13 0.00 0.00 4,994,770.69
M-3 23,609.17 27,297.24 0.00 0.00 3,551,895.38
B-1 11,804.26 13,648.25 0.00 0.00 1,775,898.99
B-2 3,688.87 4,265.12 0.00 0.00 554,974.54
B-3 8,428.18 9,744.72 0.00 0.00 1,250,454.33
- -------------------------------------------------------------------------------
975,095.53 5,871,093.22 0.00 0.00 128,898,129.33
===============================================================================
Run: 12/01/98 15:53:43
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-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 143.432153 29.082934 0.669019 29.751953 0.000000 114.349219
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 365.010284 126.127103 2.302494 128.429597 0.000000 238.883180
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 1000.000000 0.000000 6.391030 6.391030 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.391028 6.391028 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.640028 6.640028 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.640028 6.640028 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.640028 6.640028 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.640028 6.640028 0.000000 1000.000000
A-II 659.646438 22.626217 4.380071 27.006288 0.000000 637.020221
A-P 693.678072 15.770986 0.000000 15.770986 0.000000 677.907086
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
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-1 975.334924 1.011678 6.476251 7.487929 0.000000 974.323246
M-2 975.334925 1.011679 6.476252 7.487931 0.000000 974.323246
M-3 975.334920 1.011677 6.476250 7.487927 0.000000 974.323242
B-1 975.334932 1.011680 6.476250 7.487930 0.000000 974.323251
B-2 975.334954 1.011675 6.476246 7.487921 0.000000 974.323280
B-3 928.720849 0.963287 6.166735 7.130022 0.000000 914.933050
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:53:44 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 27,284.75
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 48,718.07
MASTER SERVICER ADVANCES THIS MONTH 2,344.83
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,774,962.82
(B) TWO MONTHLY PAYMENTS: 9 608,686.55
(C) THREE OR MORE MONTHLY PAYMENTS: 3 254,299.91
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,084,647.77
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 128,898,129.33
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,379
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 296,083.71
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,669,110.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.95885360 % 13.03722600 % 2.69228580 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.64973040 % 13.52015954 % 2.78722930 %
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 9.11119100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 303.24
POOL TRADING FACTOR: 56.57400188
................................................................................
Run: 12/01/98 15:42:06 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 1,504,476.28 7.400000 % 95,096.72
A-2 76110FEL3 4,074,824.00 0.00 7.300000 % 0.00
A-3 76110FEM1 13,128,206.00 9,458,077.33 7.050000 % 805,317.45
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 3,543,217.00 7.400000 % 388,339.32
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 14,067,070.44 5.719690 % 757,959.58
A-8 76110FES8 0.00 0.00 3.280310 % 0.00
A-9 76110FET6 32,965,000.00 0.00 0.000000 % 0.00
A-10 76110FEU3 20,953,719.00 18,834,287.72 7.400000 % 612,928.09
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 85,579.45 0.000000 % 155.01
A-15-1 0.00 0.00 0.981725 % 0.00
A-15-2 0.00 0.00 0.559316 % 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 6,428,199.97 7.750000 % 7,091.33
M-2 76110FFC2 4,440,700.00 4,285,498.83 7.750000 % 4,727.59
M-3 76110FFD0 3,108,500.00 2,999,858.83 7.750000 % 3,309.32
B-1 1,509,500.00 1,456,743.41 7.750000 % 1,607.02
B-2 444,000.00 428,482.34 7.750000 % 472.68
B-3 1,154,562.90 1,056,854.49 7.750000 % 1,165.86
- -------------------------------------------------------------------------------
177,623,205.60 107,135,952.09 2,678,169.97
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 9,275.20 104,371.92 0.00 0.00 1,409,379.56
A-2 0.00 0.00 0.00 0.00 0.00
A-3 55,551.84 860,869.29 0.00 0.00 8,652,759.88
A-4 22,898.73 22,898.73 0.00 0.00 3,765,148.00
A-5 21,844.19 410,183.51 0.00 0.00 3,154,877.68
A-6 16,032.28 16,032.28 0.00 0.00 2,600,500.00
A-7 67,032.08 824,991.66 0.00 0.00 13,309,110.86
A-8 38,443.69 38,443.69 0.00 0.00 0.00
A-9 0.00 0.00 0.00 0.00 0.00
A-10 116,114.76 729,042.85 0.00 0.00 18,221,359.63
A-11 90,231.89 90,231.89 0.00 0.00 13,975,000.00
A-12 12,913.33 12,913.33 0.00 0.00 2,000,000.00
A-13 133,310.49 133,310.49 0.00 0.00 20,646,958.00
A-14 0.00 155.01 0.00 0.00 85,424.44
A-15-1 69,046.05 69,046.05 0.00 0.00 0.00
A-15-2 10,585.34 10,585.34 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 41,504.73 48,596.06 0.00 0.00 6,421,108.64
M-2 27,670.03 32,397.62 0.00 0.00 4,280,771.24
M-3 19,369.08 22,678.40 0.00 0.00 2,996,549.51
B-1 9,405.70 11,012.72 0.00 0.00 1,455,136.39
B-2 2,766.56 3,239.24 0.00 0.00 428,009.66
B-3 6,823.76 7,989.62 0.00 0.00 1,048,293.29
- -------------------------------------------------------------------------------
770,819.73 3,448,989.70 0.00 0.00 104,450,386.78
===============================================================================
Run: 12/01/98 15:42:06
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-1 376.119070 23.774179 2.318800 26.092979 0.000000 352.344891
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 720.439436 61.342536 4.231488 65.574024 0.000000 659.096900
A-4 1000.000000 0.000000 6.081761 6.081761 0.000000 1000.000000
A-5 337.449238 36.984698 2.080399 39.065097 0.000000 300.464541
A-6 1000.000000 0.000000 6.165076 6.165076 0.000000 1000.000000
A-7 445.448547 24.001585 2.122641 26.124226 0.000000 421.446961
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-10 898.851785 29.251518 5.541487 34.793005 0.000000 869.600267
A-11 1000.000000 0.000000 6.456665 6.456665 0.000000 1000.000000
A-12 1000.000000 0.000000 6.456665 6.456665 0.000000 1000.000000
A-13 1000.000000 0.000000 6.456665 6.456665 0.000000 1000.000000
A-14 738.870465 1.338316 0.000000 1.338316 0.000000 737.532150
A-15-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-15-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
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-1 965.050288 1.064604 6.231006 7.295610 0.000000 963.985684
M-2 965.050292 1.064605 6.231006 7.295611 0.000000 963.985687
M-3 965.050291 1.064604 6.231005 7.295609 0.000000 963.985688
B-1 965.050288 1.064604 6.231004 7.295608 0.000000 963.985684
B-2 965.050315 1.064595 6.230991 7.295586 0.000000 963.985721
B-3 915.371947 1.009785 5.910254 6.920039 0.000000 907.956847
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:42:12 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 22,039.65
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 48,968.51
MASTER SERVICER ADVANCES THIS MONTH 1,753.73
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 4,434,478.31
(B) TWO MONTHLY PAYMENTS: 5 681,551.05
(C) THREE OR MORE MONTHLY PAYMENTS: 6 389,438.74
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 631,858.33
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 104,450,386.78
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,095
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 3
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 214,818.54
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,519,822.52
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.44130790 % 12.81037800 % 2.74831390 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.06565920 % 13.11477134 % 2.80883480 %
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 8.96885785
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 325.09
POOL TRADING FACTOR: 58.80447120
................................................................................
Run: 12/01/98 15:43:06 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 0.00 6.750000 % 0.00
A-2 76110FFF5 10,146,000.00 0.00 6.750000 % 0.00
A-3 76110FFG3 24,816,000.00 3,506,856.16 6.750000 % 3,480,492.25
A-4 76110FFH1 15,938,000.00 15,938,000.00 6.750000 % 0.00
A-5 76110FFJ7 10,253,000.00 7,559,671.66 6.750000 % 818,939.38
A-6 76110FFK4 31,511,646.00 17,067,402.44 11.000000 % 921,306.75
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 212,947.62 156,901.95 0.000000 % 206.16
A-13-1 0.00 0.00 1.021094 % 0.00
A-13-2 0.00 0.00 0.653415 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,236,595.92 7.500000 % 6,715.47
M-2 76110FFW8 6,251,000.00 6,157,402.28 7.500000 % 4,476.74
M-3 76110FFW8 4,375,700.00 4,310,181.59 7.500000 % 3,133.72
B-1 1,624,900.00 1,600,569.98 7.500000 % 1,163.70
B-2 624,800.00 615,444.73 7.500000 % 447.46
B-3 1,500,282.64 1,403,797.12 7.500000 % 1,020.63
- -------------------------------------------------------------------------------
250,038,730.26 167,702,177.83 5,237,902.26
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-3 19,710.93 3,500,203.18 0.00 0.00 26,363.91
A-4 89,582.43 89,582.43 0.00 0.00 15,938,000.00
A-5 42,490.51 861,429.89 0.00 0.00 6,740,732.28
A-6 156,331.10 1,077,637.85 0.00 0.00 16,146,095.69
A-7 99,216.28 99,216.28 0.00 0.00 17,652,000.00
A-8 31,788.27 31,788.27 0.00 0.00 5,655,589.00
A-9 107,175.17 107,175.17 0.00 0.00 19,068,000.00
A-10 57,711.85 57,711.85 0.00 0.00 10,267,765.00
A-11 296,684.59 296,684.59 0.00 0.00 47,506,000.00
A-12 0.00 206.16 0.00 0.00 156,695.79
A-13-1 111,017.97 111,017.97 0.00 0.00 0.00
A-13-2 20,203.61 20,203.61 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,684.41 64,399.88 0.00 0.00 9,229,880.45
M-2 38,454.22 42,930.96 0.00 0.00 6,152,925.54
M-3 26,917.95 30,051.67 0.00 0.00 4,307,047.87
B-1 9,995.88 11,159.58 0.00 0.00 1,599,406.28
B-2 3,843.58 4,291.04 0.00 0.00 614,997.27
B-3 8,767.00 9,787.63 0.00 0.00 1,402,776.49
- -------------------------------------------------------------------------------
1,177,575.75 6,415,478.01 0.00 0.00 162,464,275.57
===============================================================================
Run: 12/01/98 15:43:06
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 141.314320 140.251944 0.794283 141.046227 0.000000 1.062376
A-4 1000.000000 0.000000 5.620682 5.620682 0.000000 1000.000000
A-5 737.313143 79.873147 4.144203 84.017350 0.000000 657.439996
A-6 541.622054 29.237024 4.961058 34.198082 0.000000 512.385030
A-7 1000.000000 0.000000 5.620682 5.620682 0.000000 1000.000000
A-8 1000.000000 0.000000 5.620682 5.620682 0.000000 1000.000000
A-9 1000.000000 0.000000 5.620682 5.620682 0.000000 1000.000000
A-10 1000.000000 0.000000 5.620683 5.620683 0.000000 1000.000000
A-11 1000.000000 0.000000 6.245203 6.245203 0.000000 1000.000000
A-12 736.810066 0.968125 0.000000 0.968125 0.000000 735.841941
A-13-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-13-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 985.026759 0.716164 6.151691 6.867855 0.000000 984.310595
M-2 985.026761 0.716164 6.151691 6.867855 0.000000 984.310597
M-3 985.026759 0.716164 6.151690 6.867854 0.000000 984.310595
B-1 985.026759 0.716167 6.151689 6.867856 0.000000 984.310591
B-2 985.026777 0.716165 6.151697 6.867862 0.000000 984.310611
B-3 935.688438 0.680292 5.843566 6.523858 0.000000 935.008146
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:43:10 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 34,711.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 47,643.62
MASTER SERVICER ADVANCES THIS MONTH 1,300.60
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 3,811,429.76
(B) TWO MONTHLY PAYMENTS: 6 674,078.87
(C) THREE OR MORE MONTHLY PAYMENTS: 6 818,934.70
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 792,070.02
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 162,464,275.57
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,619
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 163,817.56
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,115,915.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.07899180 % 11.76051100 % 2.16049770 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.64020610 % 12.11949753 % 2.22859590 %
BANKRUPTCY AMOUNT AVAILABLE 182,005.00
FRAUD AMOUNT AVAILABLE 2,143,653.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,143,653.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.76225870
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.87
POOL TRADING FACTOR: 64.97564413
................................................................................
Run: 12/01/98 15:43:35 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-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 15,415,027.11 9.000000 % 907,309.62
A-2 76110FFZ1 37,000,000.00 3,161,154.37 7.250000 % 1,956,365.78
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 4,604,985.92 7.250000 % 311,908.42
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 130,561.76 113,510.31 0.000000 % 169.85
A-10-1 0.00 0.00 0.793930 % 0.00
A-10-2 0.00 0.00 0.496416 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,847,855.82 7.750000 % 3,598.44
M-2 76110FGL1 4,109,600.00 4,039,814.31 7.750000 % 2,998.65
M-3 76110FGM9 2,630,200.00 2,585,536.21 7.750000 % 1,919.18
B-1 1,068,500.00 1,050,355.64 7.750000 % 779.65
B-2 410,900.00 403,922.46 7.750000 % 299.82
B-3 821,738.81 805,557.02 7.750000 % 597.92
- -------------------------------------------------------------------------------
164,383,983.57 109,199,932.17 3,185,947.33
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 115,343.45 1,022,653.07 0.00 0.00 14,507,717.49
A-2 19,054.16 1,975,419.94 0.00 0.00 1,204,788.59
A-3 31,343.51 31,343.51 0.00 0.00 5,200,000.00
A-4 109,702.25 109,702.25 0.00 0.00 18,200,000.00
A-5 27,757.00 339,665.42 0.00 0.00 4,293,077.50
A-6 44,432.00 44,432.00 0.00 0.00 7,371,430.00
A-7 67,015.29 67,015.29 0.00 0.00 10,400,783.00
A-8 199,742.07 199,742.07 0.00 0.00 31,000,000.00
A-9 0.00 169.85 0.00 0.00 113,340.46
A-10-1 55,851.74 55,851.74 0.00 0.00 0.00
A-10-2 10,146.54 10,146.54 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,236.16 34,834.60 0.00 0.00 4,844,257.38
M-2 26,029.71 29,028.36 0.00 0.00 4,036,815.66
M-3 16,659.36 18,578.54 0.00 0.00 2,583,617.03
B-1 6,767.75 7,547.40 0.00 0.00 1,049,575.99
B-2 2,602.59 2,902.41 0.00 0.00 403,622.64
B-3 5,190.44 5,788.36 0.00 0.00 804,959.10
- -------------------------------------------------------------------------------
768,874.02 3,954,821.35 0.00 0.00 106,013,984.84
===============================================================================
Run: 12/01/98 15:43:35
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-1 495.523488 29.165906 3.707771 32.873677 0.000000 466.357582
A-2 85.436605 52.874751 0.514977 53.389728 0.000000 32.561854
A-3 1000.000000 0.000000 6.027598 6.027598 0.000000 1000.000000
A-4 1000.000000 0.000000 6.027596 6.027596 0.000000 1000.000000
A-5 460.498592 31.190842 2.775700 33.966542 0.000000 429.307750
A-6 1000.000000 0.000000 6.027596 6.027596 0.000000 1000.000000
A-7 1000.000000 0.000000 6.443293 6.443293 0.000000 1000.000000
A-8 1000.000000 0.000000 6.443293 6.443293 0.000000 1000.000000
A-9 869.399356 1.300917 0.000000 1.300917 0.000000 868.098439
A-10-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-10-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 983.018862 0.729670 6.333879 7.063549 0.000000 982.289192
M-2 983.018861 0.729670 6.333879 7.063549 0.000000 982.289191
M-3 983.018862 0.729671 6.333876 7.063547 0.000000 982.289191
B-1 983.018849 0.729668 6.333879 7.063547 0.000000 982.289181
B-2 983.018885 0.729667 6.333877 7.063544 0.000000 982.289219
B-3 980.307867 0.727652 6.316411 7.044063 0.000000 979.580239
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:43:38 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 22,443.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 33,389.92
MASTER SERVICER ADVANCES THIS MONTH 693.24
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 2,203,840.64
(B) TWO MONTHLY PAYMENTS: 11 1,013,510.00
(C) THREE OR MORE MONTHLY PAYMENTS: 2 347,651.77
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 656,938.23
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 106,013,984.84
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,114
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 84,730.32
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,104,876.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.41086080 % 10.51753800 % 2.07160070 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.04177120 % 10.81431859 % 2.13233620 %
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 8.79500531
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.68
POOL TRADING FACTOR: 64.49167525
................................................................................
Run: 12/01/98 15:43:52 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE 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 0.00 7.250000 % 0.00
A-2 76110FGT4 26,579,000.00 19,041,932.62 7.500000 % 3,977,820.33
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 5,123,276.09 9.500000 % 568,260.05
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 92,381.71 0.000000 % 117.84
A-10-1 0.00 0.00 0.807582 % 0.00
A-10-2 0.00 0.00 0.502322 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,282,453.09 7.750000 % 3,656.78
M-2 76110FHE6 4,112,900.00 4,063,478.65 7.750000 % 2,812.94
M-3 76110FHF3 2,632,200.00 2,600,570.99 7.750000 % 1,800.25
B-1 1,069,400.00 1,056,549.91 7.750000 % 731.40
B-2 411,200.00 406,258.96 7.750000 % 281.23
B-3 823,585.68 813,689.29 7.750000 % 563.27
- -------------------------------------------------------------------------------
164,514,437.18 114,429,591.31 4,556,044.09
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 118,325.76 4,096,146.09 0.00 0.00 15,064,112.29
A-3 104,524.98 104,524.98 0.00 0.00 16,821,000.00
A-4 150,831.38 150,831.38 0.00 0.00 23,490,000.00
A-5 45,833.73 45,833.73 0.00 0.00 7,138,000.00
A-6 6,421.09 6,421.09 0.00 0.00 1,000,000.00
A-7 40,325.37 608,585.42 0.00 0.00 4,555,016.04
A-8 176,579.96 176,579.96 0.00 0.00 27,500,000.00
A-9 0.00 117.84 0.00 0.00 92,263.87
A-10-1 57,503.19 57,503.19 0.00 0.00 0.00
A-10-2 11,856.77 11,856.77 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 33,919.10 37,575.88 0.00 0.00 5,278,796.31
M-2 26,091.96 28,904.90 0.00 0.00 4,060,665.71
M-3 16,698.49 18,498.74 0.00 0.00 2,598,770.74
B-1 6,784.20 7,515.60 0.00 0.00 1,055,818.51
B-2 2,608.63 2,889.86 0.00 0.00 405,977.73
B-3 5,224.77 5,788.04 0.00 0.00 813,126.02
- -------------------------------------------------------------------------------
803,529.38 5,359,573.47 0.00 0.00 109,873,547.22
===============================================================================
Run: 12/01/98 15:43:52
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE 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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 716.427729 149.660271 4.451851 154.112122 0.000000 566.767459
A-3 1000.000000 0.000000 6.213958 6.213958 0.000000 1000.000000
A-4 1000.000000 0.000000 6.421089 6.421089 0.000000 1000.000000
A-5 1000.000000 0.000000 6.421089 6.421089 0.000000 1000.000000
A-6 1000.000000 0.000000 6.421090 6.421090 0.000000 1000.000000
A-7 333.242883 36.962407 2.622959 39.585366 0.000000 296.280476
A-8 1000.000000 0.000000 6.421089 6.421089 0.000000 1000.000000
A-9 860.553509 1.097702 0.000000 1.097702 0.000000 859.455806
A-10-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-10-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 987.983820 0.683932 6.343932 7.027864 0.000000 987.299888
M-2 987.983819 0.683931 6.343933 7.027864 0.000000 987.299888
M-3 987.983812 0.683934 6.343929 7.027863 0.000000 987.299878
B-1 987.983832 0.683935 6.343931 7.027866 0.000000 987.299897
B-2 987.983852 0.683925 6.343945 7.027870 0.000000 987.299927
B-3 987.983776 0.683936 6.343930 7.027866 0.000000 987.299849
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:43:56 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 23,221.97
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 33,832.49
MASTER SERVICER ADVANCES THIS MONTH 5,103.53
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 2,231,383.17
(B) TWO MONTHLY PAYMENTS: 4 456,188.75
(C) THREE OR MORE MONTHLY PAYMENTS: 3 361,740.96
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,255,389.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 109,873,547.22
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,083
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 634,718.69
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,476,816.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.56047930 % 10.44848200 % 1.99103880 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.05320740 % 10.86542945 % 2.07223140 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,785,164.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,623,566.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.80243939
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.29
POOL TRADING FACTOR: 66.78656846
................................................................................
Run: 12/01/98 15:44:18 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE 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 0.00 7.250000 % 0.00
A-2 76110FHL0 35,775,000.00 23,712,589.33 7.250000 % 3,226,475.88
A-3 76110FHM8 22,398,546.00 22,398,546.00 7.250000 % 0.00
A-4 76110FHN6 24,498,244.00 12,210,818.28 10.000000 % 716,994.64
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 155,284.33 145,116.65 0.000000 % 1,052.65
A-9-1 0.00 0.00 0.803056 % 0.00
A-9-2 0.00 0.00 0.508768 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,097,197.89 7.750000 % 5,224.73
M-2 76110FHW6 4,975,300.00 4,913,406.70 7.750000 % 3,617.09
M-3 76110FHX4 3,316,900.00 3,275,637.40 7.750000 % 2,411.42
B-1 1,216,200.00 1,201,070.34 7.750000 % 884.19
B-2 552,900.00 546,021.87 7.750000 % 401.96
B-3 995,114.30 982,734.98 7.750000 % 723.46
- -------------------------------------------------------------------------------
221,126,398.63 153,308,339.44 3,957,786.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 143,150.08 3,369,625.96 0.00 0.00 20,486,113.45
A-3 135,217.36 135,217.36 0.00 0.00 22,398,546.00
A-4 101,676.22 818,670.86 0.00 0.00 11,493,823.64
A-5 110,381.88 110,381.88 0.00 0.00 17,675,100.00
A-6 46,141.15 46,141.15 0.00 0.00 7,150,100.00
A-7 335,567.32 335,567.32 0.00 0.00 52,000,000.00
A-8 0.00 1,052.65 0.00 0.00 144,064.00
A-9-1 79,502.19 79,502.19 0.00 0.00 0.00
A-9-2 14,579.37 14,579.37 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,799.76 51,024.49 0.00 0.00 7,091,973.16
M-2 31,707.29 35,324.38 0.00 0.00 4,909,789.61
M-3 21,138.40 23,549.82 0.00 0.00 3,273,225.98
B-1 7,750.77 8,634.96 0.00 0.00 1,200,186.15
B-2 3,523.60 3,925.56 0.00 0.00 545,619.91
B-3 6,341.80 7,065.26 0.00 0.00 954,742.96
- -------------------------------------------------------------------------------
1,082,477.19 5,040,263.21 0.00 0.00 149,323,284.86
===============================================================================
Run: 12/01/98 15:44:18
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE 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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 662.825698 90.188005 4.001400 94.189405 0.000000 572.637693
A-3 1000.000000 0.000000 6.036881 6.036881 0.000000 1000.000000
A-4 498.436471 29.267185 4.150347 33.417532 0.000000 469.169286
A-5 1000.000000 0.000000 6.245050 6.245050 0.000000 1000.000000
A-6 1000.000000 0.000000 6.453217 6.453217 0.000000 1000.000000
A-7 1000.000000 0.000000 6.453218 6.453218 0.000000 1000.000000
A-8 934.522176 6.778855 0.000000 6.778855 0.000000 927.743321
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 987.559888 0.727010 6.372939 7.099949 0.000000 986.832878
M-2 987.559886 0.727009 6.372940 7.099949 0.000000 986.832876
M-3 987.559890 0.727010 6.372939 7.099949 0.000000 986.832880
B-1 987.559891 0.727010 6.372940 7.099950 0.000000 986.832881
B-2 987.559902 0.727003 6.372943 7.099946 0.000000 986.832899
B-3 987.559901 0.727012 6.372936 7.099948 0.000000 959.430449
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:44:19 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4247
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 31,554.81
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 40,679.64
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 4,165,165.05
(B) TWO MONTHLY PAYMENTS: 4 440,430.35
(C) THREE OR MORE MONTHLY PAYMENTS: 2 316,795.69
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 284,621.01
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 149,323,284.86
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,482
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 3,640,356.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.23734000 % 9.98036100 % 1.78229940 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.95037430 % 10.22947544 % 1.81027160 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 1,743,213.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,497,768.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.80773829
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.45
POOL TRADING FACTOR: 67.52847502
................................................................................
Run: 12/01/98 15:44:23 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 0.00 7.250000 % 0.00
A-2 76110FJA2 10,800,000.00 3,285,973.78 7.250000 % 3,285,973.78
A-3 76110FJB0 29,956,909.00 14,651,649.24 10.000000 % 1,320,970.60
A-4 76110FJC8 24,000,000.00 24,000,000.00 7.250000 % 236,614.49
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 340,158.57 265,466.07 0.000000 % 2,982.22
A-11-1 0.00 0.00 0.712365 % 0.00
A-11-2 0.00 0.00 0.364209 % 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 6,647,268.68 8.000000 % 4,445.30
M-2 76110FJP9 4,330,000.00 4,276,771.69 8.000000 % 2,860.05
M-3 76110FJQ7 2,886,000.00 2,850,522.66 8.000000 % 1,906.26
B-1 1,058,000.00 1,044,994.09 8.000000 % 698.83
B-2 481,000.00 475,087.10 8.000000 % 317.71
B-3 866,066.26 855,419.79 8.000000 % 572.04
- -------------------------------------------------------------------------------
192,360,424.83 135,965,244.10 4,857,341.28
===============================================================================
_______________________________________________________________________________
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 19,822.20 3,305,795.98 0.00 0.00 0.00
A-3 121,909.12 1,442,879.72 0.00 0.00 13,330,678.64
A-4 144,776.78 381,391.27 0.00 0.00 23,763,385.51
A-5 71,091.98 71,091.98 0.00 0.00 11,785,091.00
A-6 120,767.13 120,767.13 0.00 0.00 18,143,000.00
A-7 31,731.08 31,731.08 0.00 0.00 4,767,000.00
A-8 26,781.84 26,781.84 0.00 0.00 0.00
A-9 258,891.05 258,891.05 0.00 0.00 42,917,000.00
A-10 0.00 2,982.22 0.00 0.00 262,483.85
A-11-1 60,580.45 60,580.45 0.00 0.00 0.00
A-11-2 10,230.15 10,230.15 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 44,246.90 48,692.20 0.00 0.00 6,642,823.38
M-2 28,467.92 31,327.97 0.00 0.00 4,273,911.64
M-3 18,974.23 20,880.49 0.00 0.00 2,848,616.40
B-1 6,955.91 7,654.74 0.00 0.00 1,044,295.26
B-2 3,162.37 3,480.08 0.00 0.00 474,769.39
B-3 5,694.02 6,266.06 0.00 0.00 854,847.75
- -------------------------------------------------------------------------------
974,083.13 5,831,424.41 0.00 0.00 131,107,902.82
===============================================================================
Run: 12/01/98 15:44:23
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 304.256831 304.256831 1.835389 306.092220 0.000000 0.000000
A-3 489.090822 44.095691 4.069483 48.165174 0.000000 444.995131
A-4 1000.000000 9.858937 6.032366 15.891303 0.000000 990.141063
A-5 1000.000000 0.000000 6.032366 6.032366 0.000000 1000.000000
A-6 1000.000000 0.000000 6.656404 6.656404 0.000000 1000.000000
A-7 1000.000000 0.000000 6.656404 6.656404 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 6.032366 6.032366 0.000000 1000.000000
A-10 780.418585 8.767146 0.000000 8.767146 0.000000 771.651439
A-11-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
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-1 987.707085 0.660520 6.574577 7.235097 0.000000 987.046565
M-2 987.707088 0.660520 6.574577 7.235097 0.000000 987.046568
M-3 987.707089 0.660520 6.574577 7.235097 0.000000 987.046570
B-1 987.707079 0.660520 6.574584 7.235104 0.000000 987.046560
B-2 987.707069 0.660520 6.574574 7.235094 0.000000 987.046549
B-3 987.707095 0.660492 6.574578 7.235070 0.000000 987.046587
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:44:27 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS5 (POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4248
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 27,889.56
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,287.37
MASTER SERVICER ADVANCES THIS MONTH 382.64
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,328,865.45
(B) TWO MONTHLY PAYMENTS: 4 364,563.47
(C) THREE OR MORE MONTHLY PAYMENTS: 6 872,759.51
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 869,802.05
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 131,107,902.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,314
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 44,615.08
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,766,337.89
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.09868060 % 10.15076300 % 1.75055630 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.66539640 % 10.49925376 % 1.81428770 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 1,490,509.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,490,509.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.94055065
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.45
POOL TRADING FACTOR: 68.15742008
................................................................................
Run: 12/01/98 15:44:32 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 20,015,095.23 7.500000 % 1,976,019.61
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 20,221,311.31 7.500000 % 70,765.81
A-6 76110FJW4 164,986.80 131,427.60 0.000000 % 20,838.43
A-7-1 0.00 0.00 0.855786 % 0.00
A-7-2 0.00 0.00 0.328666 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,522,697.12 7.500000 % 8,828.34
M-2 76110FKA0 1,061,700.00 1,009,021.84 7.500000 % 3,531.14
M-3 76110FKB8 690,100.00 655,859.43 7.500000 % 2,295.22
B-1 371,600.00 353,162.39 7.500000 % 1,235.92
B-2 159,300.00 151,396.03 7.500000 % 529.82
B-3 372,446.48 353,966.89 7.500000 % 1,238.73
- -------------------------------------------------------------------------------
106,172,633.28 81,888,937.84 2,085,283.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 124,986.33 2,101,005.94 0.00 0.00 18,039,075.62
A-2 97,934.11 97,934.11 0.00 0.00 15,683,000.00
A-3 117,061.33 117,061.33 0.00 0.00 18,746,000.00
A-4 12,776.46 12,776.46 0.00 0.00 2,046,000.00
A-5 126,274.07 197,039.88 0.00 0.00 20,150,545.50
A-6 0.00 20,838.43 0.00 0.00 110,589.17
A-7-1 45,694.26 45,694.26 0.00 0.00 0.00
A-7-2 4,860.10 4,860.10 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,753.25 24,581.59 0.00 0.00 2,513,868.78
M-2 6,300.94 9,832.08 0.00 0.00 1,005,490.70
M-3 4,095.58 6,390.80 0.00 0.00 653,564.21
B-1 2,205.35 3,441.27 0.00 0.00 351,926.47
B-2 945.41 1,475.23 0.00 0.00 150,866.21
B-3 2,210.38 3,449.11 0.00 0.00 352,728.16
- -------------------------------------------------------------------------------
561,097.57 2,646,380.59 0.00 0.00 79,803,654.82
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 466.052606 46.011727 2.910314 48.922041 0.000000 420.040880
A-2 1000.000000 0.000000 6.244603 6.244603 0.000000 1000.000000
A-3 1000.000000 0.000000 6.244603 6.244603 0.000000 1000.000000
A-4 1000.000000 0.000000 6.244604 6.244604 0.000000 1000.000000
A-5 950.383574 3.325930 5.934769 9.260699 0.000000 947.057644
A-6 796.594637 126.303619 0.000000 126.303619 0.000000 670.291017
A-7-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-7-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 950.383183 3.325927 5.934769 9.260696 0.000000 947.057256
M-2 950.383197 3.325930 5.934765 9.260695 0.000000 947.057267
M-3 950.383176 3.325924 5.934763 9.260687 0.000000 947.057253
B-1 950.383181 3.325942 5.934742 9.260684 0.000000 947.057239
B-2 950.383114 3.325926 5.934777 9.260703 0.000000 947.057188
B-3 950.383234 3.325928 5.934759 9.260687 0.000000 947.057306
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:44:36 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 16,858.92
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 7,702.29
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 12 464,989.52
(B) TWO MONTHLY PAYMENTS: 3 128,936.80
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 162,014.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 79,803,654.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,087
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 1,798,737.56
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.82796310 % 5.12195000 % 1.05008740 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.69023580 % 5.22898820 % 1.07351980 %
BANKRUPTCY AMOUNT AVAILABLE 154,147.00
FRAUD AMOUNT AVAILABLE 8,574,020.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,813,254.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.56557364
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 155.42
POOL TRADING FACTOR: 75.16405344
................................................................................
Run: 12/01/98 15:45:11 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 41,557,010.86 7.500000 % 2,280,734.77
A-2 76110FKD4 20,984,000.00 14,701,010.86 7.500000 % 2,280,734.77
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 15,179,717.35 9.500000 % 651,638.50
A-8 76110FKP7 156,262.27 113,608.58 0.000000 % 5,058.90
A-9-1 0.00 0.00 0.837894 % 0.00
A-9-2 0.00 0.00 0.534568 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,615,312.20 7.750000 % 4,391.55
M-2 76110FKM4 3,827,000.00 3,780,319.51 7.750000 % 2,509.55
M-3 76110FKN2 2,870,200.00 2,835,190.26 7.750000 % 1,882.13
B-1 1,052,400.00 1,039,563.19 7.750000 % 690.11
B-2 478,400.00 472,564.62 7.750000 % 313.71
B-3 861,188.35 850,683.84 7.750000 % 564.73
- -------------------------------------------------------------------------------
191,342,550.62 137,144,981.27 5,228,518.72
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 258,833.98 2,539,568.75 0.00 0.00 39,276,276.10
A-2 91,563.88 2,372,298.65 0.00 0.00 12,420,276.10
A-3 68,512.48 68,512.48 0.00 0.00 11,000,000.00
A-4 24,913.63 24,913.63 0.00 0.00 4,000,000.00
A-5 112,630.36 112,630.36 0.00 0.00 17,500,000.00
A-6 105,363.89 105,363.89 0.00 0.00 17,500,000.00
A-7 119,757.58 771,396.08 0.00 0.00 14,528,078.85
A-8 0.00 5,058.90 0.00 0.00 108,549.68
A-9-1 74,028.60 74,028.60 0.00 0.00 0.00
A-9-2 13,653.81 13,653.81 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,576.28 46,967.83 0.00 0.00 6,610,920.65
M-2 24,330.21 26,839.76 0.00 0.00 3,777,809.96
M-3 18,247.34 20,129.47 0.00 0.00 2,833,308.13
B-1 6,690.65 7,380.76 0.00 0.00 1,038,873.08
B-2 3,041.44 3,355.15 0.00 0.00 472,250.91
B-3 5,475.02 6,039.75 0.00 0.00 850,119.11
- -------------------------------------------------------------------------------
969,619.15 6,198,137.87 0.00 0.00 131,916,462.57
===============================================================================
Run: 12/01/98 15:45:11
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-1 503.776301 27.648286 3.137724 30.786010 0.000000 476.128015
A-2 700.581913 108.689228 4.363509 113.052737 0.000000 591.892685
A-3 1000.000000 0.000000 6.228407 6.228407 0.000000 1000.000000
A-4 1000.000000 0.000000 6.228408 6.228408 0.000000 1000.000000
A-5 1000.000000 0.000000 6.436021 6.436021 0.000000 1000.000000
A-6 1000.000000 0.000000 6.020794 6.020794 0.000000 1000.000000
A-7 692.347428 29.721254 5.462147 35.183401 0.000000 662.626173
A-8 727.037819 32.374418 0.000000 32.374418 0.000000 694.663402
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 987.802329 0.655749 6.357515 7.013264 0.000000 987.146581
M-2 987.802328 0.655749 6.357515 7.013264 0.000000 987.146580
M-3 987.802334 0.655749 6.357515 7.013264 0.000000 987.146586
B-1 987.802347 0.655749 6.357516 7.013265 0.000000 987.146598
B-2 987.802299 0.655748 6.357525 7.013273 0.000000 987.146551
B-3 987.802308 0.655745 6.357517 7.013262 0.000000 987.146552
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:45:15 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 27,956.25
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,882.06
MASTER SERVICER ADVANCES THIS MONTH 5,266.70
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 3,171,628.09
(B) TWO MONTHLY PAYMENTS: 3 327,657.67
(C) THREE OR MORE MONTHLY PAYMENTS: 2 400,667.60
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 698,276.93
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 131,916,462.56
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,295
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 662,507.88
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,137,461.89
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.62039160 % 9.65532300 % 1.72428520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.17727900 % 10.02303919 % 1.79142740 %
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 8.84481024
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.23
POOL TRADING FACTOR: 68.94256512
................................................................................
Run: 12/01/98 15:45:21 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE 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 0.00 7.000000 % 0.00
A-2 76110FKV4 20,850,000.00 0.00 7.000000 % 0.00
A-3 76110FKW2 16,320,750.00 9,140,666.24 10.000000 % 765,974.46
A-4 76110FKX0 19,700,543.00 18,050,124.19 7.000000 % 3,207,888.83
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 16,675,543.51 7.500000 % 994,527.38
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 24,538.38 0.000000 % 10,128.93
A-12-1 0.00 0.00 0.948771 % 0.00
A-12-2 0.00 0.00 0.656424 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,546,603.67 7.500000 % 5,144.89
M-2 76110FLJ0 4,361,000.00 4,312,768.77 7.500000 % 2,940.23
M-3 76110FLK7 3,270,500.00 3,234,329.35 7.500000 % 2,205.00
B-1 1,199,000.00 1,185,739.45 7.500000 % 808.38
B-2 545,000.00 538,972.50 7.500000 % 367.44
B-3 981,461.72 831,611.29 7.500000 % 566.94
- -------------------------------------------------------------------------------
218,029,470.88 165,286,668.35 4,990,552.48
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-3 76,138.43 842,112.89 0.00 0.00 8,374,691.78
A-4 105,245.68 3,313,134.51 0.00 0.00 14,842,235.36
A-5 127,565.77 127,565.77 0.00 0.00 21,419,142.00
A-6 38,186.44 38,186.44 0.00 0.00 6,323,320.00
A-7 99,620.97 99,620.97 0.00 0.00 16,496,308.00
A-8 104,175.91 1,098,703.29 0.00 0.00 15,681,016.13
A-9 30,715.54 30,715.54 0.00 0.00 5,000,001.00
A-10 340,517.61 340,517.61 0.00 0.00 54,507,000.00
A-11 0.00 10,128.93 0.00 0.00 14,409.45
A-12-1 96,933.53 96,933.53 0.00 0.00 0.00
A-12-2 23,309.81 23,309.81 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,145.34 52,290.23 0.00 0.00 7,541,458.78
M-2 26,942.84 29,883.07 0.00 0.00 4,309,828.54
M-3 20,205.59 22,410.59 0.00 0.00 3,232,124.35
B-1 7,407.58 8,215.96 0.00 0.00 1,184,931.07
B-2 3,367.09 3,734.53 0.00 0.00 538,605.06
B-3 5,195.26 5,762.20 0.00 0.00 831,044.35
- -------------------------------------------------------------------------------
1,152,673.39 6,143,225.87 0.00 0.00 160,296,115.87
===============================================================================
Run: 12/01/98 15:45:21
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE 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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 560.064105 46.932553 4.665131 51.597684 0.000000 513.131552
A-4 916.224705 162.832508 5.342273 168.174781 0.000000 753.392196
A-5 1000.000000 0.000000 5.955690 5.955690 0.000000 1000.000000
A-6 1000.000000 0.000000 6.038986 6.038986 0.000000 1000.000000
A-7 1000.000000 0.000000 6.038986 6.038986 0.000000 1000.000000
A-8 641.415510 38.253943 4.007068 42.261011 0.000000 603.161567
A-9 1000.000000 0.000000 6.143107 6.143107 0.000000 1000.000000
A-10 1000.000000 0.000000 6.247227 6.247227 0.000000 1000.000000
A-11 929.161700 383.538515 0.000000 383.538515 0.000000 545.623185
A-12-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-12-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 988.940332 0.674209 6.178134 6.852343 0.000000 988.266122
M-2 988.940328 0.674210 6.178133 6.852343 0.000000 988.266118
M-3 988.940330 0.674209 6.178135 6.852344 0.000000 988.266121
B-1 988.940325 0.674212 6.178132 6.852344 0.000000 988.266113
B-2 988.940367 0.674202 6.178147 6.852349 0.000000 988.266165
B-3 847.319129 0.577659 5.293390 5.871049 0.000000 846.741484
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:45:25 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 33,911.65
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 23,081.56
MASTER SERVICER ADVANCES THIS MONTH 1,141.78
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,561,157.55
(B) TWO MONTHLY PAYMENTS: 3 288,632.82
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 122,905.63
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 160,296,115.87
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,507
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 135,940.14
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,877,873.37
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.31998210 % 9.13318800 % 1.54682940 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.99562990 % 9.40971750 % 1.59380660 %
BANKRUPTCY AMOUNT AVAILABLE 220,247.00
FRAUD AMOUNT AVAILABLE **,***,***.**
SPECIAL HAZARD AMOUNT AVAILABLE **,***,***.**
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.70527069
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.67
POOL TRADING FACTOR: 73.52038934
................................................................................
Run: 12/01/98 15:46:09 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE 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 6,580,648.35 6.750000 % 6,503,210.55
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 14,395,292.45 10.000000 % 1,182,401.89
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-9-1 0.00 0.00 1.041067 % 0.00
A-9-2 0.00 0.00 0.768985 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,059,807.17 7.250000 % 5,460.28
M-2 76110FLX9 5,420,000.00 5,373,204.76 7.250000 % 3,640.19
M-3 76110FLY2 4,065,000.00 4,029,903.57 7.250000 % 2,730.14
B-1 1,490,500.00 1,477,631.29 7.250000 % 1,001.05
B-2 677,500.00 671,650.59 7.250000 % 455.02
B-3 1,219,925.82 1,209,393.22 7.250000 % 819.32
- -------------------------------------------------------------------------------
271,005,025.82 215,077,993.40 7,699,718.44
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 36,870.02 6,540,080.57 0.00 0.00 77,437.80
A-2 97,600.66 97,600.66 0.00 0.00 17,420,000.00
A-3 119,487.19 1,301,889.08 0.00 0.00 13,212,890.56
A-4 212,962.18 212,962.18 0.00 0.00 38,010,000.00
A-5 96,163.33 96,163.33 0.00 0.00 17,163,462.00
A-6 180,396.05 180,396.05 0.00 0.00 29,977,000.00
A-7 96,676.21 96,676.21 0.00 0.00 16,065,000.00
A-8 328,843.52 328,843.52 0.00 0.00 54,645,000.00
A-9-1 151,215.08 151,215.08 0.00 0.00 0.00
A-9-2 25,587.21 25,587.21 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,502.43 53,962.71 0.00 0.00 8,054,346.89
M-2 32,334.95 35,975.14 0.00 0.00 5,369,564.57
M-3 24,251.21 26,981.35 0.00 0.00 4,027,173.43
B-1 8,892.12 9,893.17 0.00 0.00 1,476,630.24
B-2 4,041.87 4,496.89 0.00 0.00 671,195.57
B-3 7,277.90 8,097.22 0.00 0.00 1,208,573.90
- -------------------------------------------------------------------------------
1,471,101.93 9,170,820.37 0.00 0.00 207,378,274.96
===============================================================================
Run: 12/01/98 15:46:09
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE 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-1 122.430667 120.989964 0.685954 121.675918 0.000000 1.440703
A-2 1000.000000 0.000000 5.602793 5.602793 0.000000 1000.000000
A-3 626.657756 51.472474 5.201532 56.674006 0.000000 575.185282
A-4 1000.000000 0.000000 5.602793 5.602793 0.000000 1000.000000
A-5 1000.000000 0.000000 5.602793 5.602793 0.000000 1000.000000
A-6 1000.000000 0.000000 6.017815 6.017815 0.000000 1000.000000
A-7 1000.000000 0.000000 6.017816 6.017816 0.000000 1000.000000
A-8 1000.000000 0.000000 6.017815 6.017815 0.000000 1000.000000
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 991.366196 0.671621 5.965859 6.637480 0.000000 990.694574
M-2 991.366192 0.671622 5.965858 6.637480 0.000000 990.694570
M-3 991.366192 0.671621 5.965857 6.637478 0.000000 990.694571
B-1 991.366179 0.671620 5.965864 6.637484 0.000000 990.694559
B-2 991.366185 0.671616 5.965860 6.637476 0.000000 990.694568
B-3 991.366196 0.671606 5.965855 6.637461 0.000000 990.694582
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:46:13 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4263
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 47,877.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 41,696.84
MASTER SERVICER ADVANCES THIS MONTH 830.64
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 52 4,767,564.11
(B) TWO MONTHLY PAYMENTS: 5 547,690.57
(C) THREE OR MORE MONTHLY PAYMENTS: 1 54,042.83
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 168,846.42
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 207,378,274.96
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,044
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 111,005.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,554,009.55
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.31905110 % 8.11934100 % 1.56160800 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.96641060 % 8.41509791 % 1.61849150 %
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 8.59187595
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.04
POOL TRADING FACTOR: 76.52192956
................................................................................
Run: 12/01/98 15:46:20 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS10(POOL # 4264)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4264
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 7611OFMN0 199,969,492.00 139,432,552.68 7.250000 % 7,483,611.54
A-2 76110FMP5 10,000,000.00 10,000,000.00 7.250000 % 0.00
A-3 7611OFMQ3 25,143,000.00 25,143,000.00 7.250000 % 0.00
A-4 7611OFMR1 64,916,508.00 64,278,214.03 7.250000 % 44,118.71
A-5 7611OFMS9 76,250.57 75,463.58 0.000000 % 67.78
A-6-1 0.00 0.00 1.008392 % 0.00
A-6-2 0.00 0.00 0.714034 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,497,766.97 7.250000 % 7,205.36
M-2 7611OFMW0 6,524,000.00 6,459,859.64 7.250000 % 4,433.86
M-3 7611OFMX8 4,893,000.00 4,844,894.71 7.250000 % 3,325.40
B-1 7611OFMY6 1,794,000.00 1,776,362.37 7.250000 % 1,219.24
B-2 7611OFMZ3 816,000.00 807,977.53 7.250000 % 554.57
B-3 7611OFNA7 1,468,094.11 1,453,660.64 7.250000 % 997.75
- -------------------------------------------------------------------------------
326,202,444.68 264,769,752.15 7,545,534.21
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 842,080.95 8,325,692.49 0.00 0.00 131,948,941.14
A-2 60,393.43 60,393.43 0.00 0.00 10,000,000.00
A-3 151,847.19 151,847.19 0.00 0.00 25,143,000.00
A-4 388,198.15 432,316.86 0.00 0.00 64,234,095.32
A-5 0.00 67.78 0.00 0.00 75,395.80
A-6-1 170,236.05 170,236.05 0.00 0.00 0.00
A-6-2 36,942.20 36,942.20 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,399.61 70,604.97 0.00 0.00 10,490,561.61
M-2 39,013.31 43,447.17 0.00 0.00 6,455,425.78
M-3 29,259.98 32,585.38 0.00 0.00 4,841,569.31
B-1 10,728.06 11,947.30 0.00 0.00 1,775,143.13
B-2 4,879.65 5,434.22 0.00 0.00 807,422.96
B-3 8,779.15 9,776.90 0.00 0.00 1,452,662.89
- -------------------------------------------------------------------------------
1,805,757.73 9,351,291.94 0.00 0.00 257,224,217.94
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 697.269125 37.423766 4.211047 41.634813 0.000000 659.845359
A-2 1000.000000 0.000000 6.039343 6.039343 0.000000 1000.000000
A-3 1000.000000 0.000000 6.039343 6.039343 0.000000 1000.000000
A-4 990.167463 0.679622 5.979960 6.659582 0.000000 989.487841
A-5 989.678897 0.888911 0.000000 0.888911 0.000000 988.789985
A-6-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 990.168550 0.679623 5.979967 6.659590 0.000000 989.488928
M-2 990.168553 0.679623 5.979968 6.659591 0.000000 989.488930
M-3 990.168549 0.679624 5.979967 6.659591 0.000000 989.488925
B-1 990.168545 0.679621 5.979967 6.659588 0.000000 989.488924
B-2 990.168542 0.679620 5.979963 6.659583 0.000000 989.488922
B-3 990.168566 0.679623 5.979964 6.659587 0.000000 989.488944
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:46:24 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS10 (POOL # 4264)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4264
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 54,455.68
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 61,107.51
MASTER SERVICER ADVANCES THIS MONTH 1,576.81
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 52 5,428,588.29
(B) TWO MONTHLY PAYMENTS: 8 709,469.46
(C) THREE OR MORE MONTHLY PAYMENTS: 5 595,862.83
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,218,389.35
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 257,224,217.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,383
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 208,602.36
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,363,790.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.23759750 % 8.23686900 % 1.52553370 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.95803850 % 8.47025870 % 1.56921930 %
BANKRUPTCY AMOUNT AVAILABLE 203,326.00
FRAUD AMOUNT AVAILABLE 5,143,425.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,571,718.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.51934047
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.30
POOL TRADING FACTOR: 78.85416622
................................................................................
Run: 12/01/98 15:46:31 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS11(POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4265
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 7611OFLZ4 99,650,000.00 80,791,412.66 7.000000 % 1,502,165.57
A-2 7611OFMD2 43,142.76 38,138.10 0.000000 % 239.49
A-3-1 0.00 0.00 1.076550 % 0.00
A-3-2 0.00 0.00 0.653164 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,927,289.86 7.000000 % 10,122.68
M-2 7611OFMH3 892,000.00 858,081.67 7.000000 % 2,967.28
M-3 7611OFMJ9 419,700.00 403,740.91 7.000000 % 1,396.15
B-1 7611OFMK6 367,000.00 353,044.83 7.000000 % 1,220.84
B-2 7611OFML4 262,400.00 252,422.22 7.000000 % 872.89
B-3 7611OFMM2 263,388.53 253,373.12 7.000000 % 876.18
- -------------------------------------------------------------------------------
104,940,731.29 85,877,503.37 1,519,861.08
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 470,890.23 1,973,055.80 0.00 0.00 79,289,247.09
A-2 0.00 239.49 0.00 0.00 37,898.61
A-3-1 61,174.21 61,174.21 0.00 0.00 0.00
A-3-2 9,588.85 9,588.85 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,061.62 27,184.30 0.00 0.00 2,917,167.18
M-2 5,001.31 7,968.59 0.00 0.00 855,114.39
M-3 2,353.20 3,749.35 0.00 0.00 402,344.76
B-1 2,057.71 3,278.55 0.00 0.00 351,823.99
B-2 1,471.23 2,344.12 0.00 0.00 251,549.33
B-3 1,476.78 2,352.96 0.00 0.00 252,496.94
- -------------------------------------------------------------------------------
571,075.14 2,090,936.22 0.00 0.00 84,357,642.29
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 810.751758 15.074416 4.725441 19.799857 0.000000 795.677342
A-2 883.997686 5.551105 0.000000 5.551105 0.000000 878.446581
A-3-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 961.974979 3.326546 5.606842 8.933388 0.000000 958.648433
M-2 961.974966 3.326547 5.606850 8.933397 0.000000 958.648419
M-3 961.975006 3.326543 5.606862 8.933405 0.000000 958.648463
B-1 961.975014 3.326540 5.606839 8.933379 0.000000 958.648474
B-2 961.974924 3.326563 5.606822 8.933385 0.000000 958.648361
B-3 961.974768 3.326531 5.606850 8.933381 0.000000 958.648199
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:46:35 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS11 (POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4265
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 17,815.94
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,557.91
SUBSERVICER ADVANCES THIS MONTH 14,943.08
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 1,439,760.44
(B) TWO MONTHLY PAYMENTS: 1 37,980.96
(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 84,357,642.29
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 982
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 1,222,812.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.11930340 % 4.88017600 % 1.00052020 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.03402290 % 4.94872334 % 1.01502950 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 845,878.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,663,826.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.31842740
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 160.24
POOL TRADING FACTOR: 80.38598669
................................................................................
Run: 12/01/98 15:47:28 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS12(POOL # 4270)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4270
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FNB5 57,575,000.00 18,316,589.05 7.000000 % 7,522,985.97
A-2 76110FNC3 22,405,757.00 16,797,412.57 9.000000 % 1,074,712.28
A-3 76110FND1 62,824,125.00 62,824,125.00 7.000000 % 0.00
A-4 76110FNE9 24,294,118.00 24,294,118.00 6.875000 % 0.00
A-5 76110FNF6 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-6 76110FNG4 22,583,041.00 22,583,041.00 7.250000 % 0.00
A-7 76110FNR0 59,318,800.00 58,886,992.28 7.250000 % 81,106.90
A-8-1 0.00 0.00 0.930154 % 0.00
A-8-2 0.00 0.00 0.748704 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,357,649.22 7.250000 % 14,265.91
M-2 76110FNL3 4,471,600.00 4,439,049.25 7.250000 % 6,114.04
M-3 76110FNM1 4,471,500.00 4,438,949.97 7.250000 % 6,113.90
B-1 76110FNN9 1,639,600.00 1,627,664.63 7.250000 % 2,241.83
B-2 76110FNP4 745,200.00 739,775.35 7.250000 % 1,018.92
B-3 76110FNQ2 1,341,561.05 1,331,795.26 7.250000 % 1,834.33
- -------------------------------------------------------------------------------
298,104,002.05 252,637,161.58 8,710,394.08
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 106,718.08 7,629,704.05 0.00 0.00 10,793,603.08
A-2 125,828.85 1,200,541.13 0.00 0.00 15,722,700.29
A-3 366,032.65 366,032.65 0.00 0.00 62,824,125.00
A-4 139,017.41 139,017.41 0.00 0.00 24,294,118.00
A-5 156,894.13 156,894.13 0.00 0.00 26,000,000.00
A-6 136,274.87 136,274.87 0.00 0.00 22,583,041.00
A-7 355,347.06 436,453.96 0.00 0.00 58,805,885.38
A-8-1 153,459.92 153,459.92 0.00 0.00 0.00
A-8-2 33,911.86 33,911.86 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,502.09 76,768.00 0.00 0.00 10,343,383.31
M-2 26,786.96 32,901.00 0.00 0.00 4,432,935.21
M-3 26,786.36 32,900.26 0.00 0.00 4,432,836.07
B-1 9,821.97 12,063.80 0.00 0.00 1,625,422.80
B-2 4,464.10 5,483.02 0.00 0.00 738,756.43
B-3 8,036.57 9,870.90 0.00 0.00 1,329,960.93
- -------------------------------------------------------------------------------
1,711,882.88 10,422,276.96 0.00 0.00 243,926,767.50
===============================================================================
Run: 12/01/98 15:47:28
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS12(POOL # 4270)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4270
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 318.134417 130.664107 1.853549 132.517656 0.000000 187.470310
A-2 749.691812 47.965899 5.615916 53.581815 0.000000 701.725913
A-3 1000.000000 0.000000 5.826307 5.826307 0.000000 1000.000000
A-4 1000.000000 0.000000 5.722266 5.722266 0.000000 1000.000000
A-5 1000.000000 0.000000 6.034390 6.034390 0.000000 1000.000000
A-6 1000.000000 0.000000 6.034390 6.034390 0.000000 1000.000000
A-7 992.720559 1.367305 5.990463 7.357768 0.000000 991.353254
A-8-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-8-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.720559 1.367305 5.990463 7.357768 0.000000 991.353254
M-2 992.720559 1.367305 5.990464 7.357769 0.000000 991.353254
M-3 992.720557 1.367304 5.990464 7.357768 0.000000 991.353253
B-1 992.720560 1.367303 5.990467 7.357770 0.000000 991.353257
B-2 992.720545 1.367311 5.990472 7.357783 0.000000 991.353234
B-3 992.720577 1.367288 5.990462 7.357750 0.000000 991.353268
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:47:31 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS12 (POOL # 4270)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4270
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 51,774.80
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 47,740.68
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 4,477,342.08
(B) TWO MONTHLY PAYMENTS: 5 879,533.48
(C) THREE OR MORE MONTHLY PAYMENTS: 2 146,212.89
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 877,250.01
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 243,926,767.50
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,276
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 8,362,429.01
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 174,736.64
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.92180920 % 7.61394300 % 1.46424830 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.61058570 % 7.87496788 % 1.51444640 %
BANKRUPTCY AMOUNT AVAILABLE 175,592.00
FRAUD AMOUNT AVAILABLE 5,962,080.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,981,040.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.47333066
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.25
POOL TRADING FACTOR: 81.82606266
................................................................................
Run: 12/01/98 15:48:04 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS13(POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4277
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FNS8 31,499,000.00 25,393,263.27 7.250000 % 1,015,604.80
A-2 76110FNT6 30,750,000.00 14,752,575.31 7.250000 % 2,660,950.19
A-3 76110FNU3 40,799,000.00 40,799,000.00 7.250000 % 0.00
A-4 76110FNV1 6,745,000.00 6,745,000.00 7.250000 % 0.00
A-5 76110FNW9 4,235,415.00 4,235,415.00 7.250000 % 0.00
A-6 76110FNX7 10,499,000.00 10,499,000.00 7.250000 % 0.00
A-7 76110fNY5 62,999,000.00 62,589,531.67 7.250000 % 73,882.42
A-8 76110FNZ2 15,495,000.00 0.00 7.250000 % 0.00
A-9 76110FPA5 68,339,000.00 67,583,695.76 7.000000 % 2,703,013.20
A-10 76110fPB3 0.00 0.00 7.250000 % 0.00
A-11 76110FPC1 100,038,312.00 85,261,194.07 0.000000 % 2,459,883.05
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 3.377520 % 0.00
A-14 76110FPF4 0.00 0.00 11.122480 % 0.00
A-15 76110FPG2 26,249,000.00 21,160,918.36 7.000000 % 846,331.96
A-16 76110FPH0 2,386,273.00 1,923,720.08 10.000000 % 76,939.28
A-17 76110FPJ6 139,012.74 135,514.84 0.000000 % 145.69
A-18-1 0.00 0.00 0.911961 % 0.00
A-18-2 0.00 0.00 0.675751 % 0.00
R-I 76110FPL1 100.00 0.00 7.250000 % 0.00
R-II 76110FPM9 100.00 0.00 7.250000 % 0.00
M-1 76110FPN7 16,267,000.00 16,161,271.00 7.250000 % 19,077.21
M-2 76110FPP2 5,422,000.00 5,386,759.15 7.250000 % 6,358.68
M-3 76110FPQ0 6,507,000.00 6,464,707.10 7.250000 % 7,631.12
B-1 76110FPR8 2,386,000.00 2,370,491.95 7.250000 % 2,798.19
B-2 76110FPS6 1,085,000.00 1,077,947.94 7.250000 % 1,272.44
B-3 76110FPT4 1,952,210.06 1,939,521.44 7.250000 % 2,289.45
- -------------------------------------------------------------------------------
433,792,422.80 374,479,526.94 9,876,177.68
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 152,809.59 1,168,414.39 0.00 0.00 24,377,658.47
A-2 88,776.89 2,749,727.08 0.00 0.00 12,091,625.12
A-3 245,517.02 245,517.02 0.00 0.00 40,799,000.00
A-4 40,589.53 40,589.53 0.00 0.00 6,745,000.00
A-5 25,487.55 25,487.55 0.00 0.00 4,235,415.00
A-6 63,180.06 63,180.06 0.00 0.00 10,499,000.00
A-7 376,646.38 450,528.80 0.00 0.00 62,515,649.25
A-8 0.00 0.00 0.00 0.00 0.00
A-9 392,675.74 3,095,688.94 0.00 0.00 64,880,682.56
A-10 14,024.14 14,024.14 0.00 0.00 0.00
A-11 0.00 2,459,883.05 0.00 0.00 82,801,311.02
A-12 256,539.07 256,539.07 0.00 0.00 0.00
A-13 59,756.26 59,756.26 0.00 0.00 0.00
A-14 196,782.80 196,782.80 0.00 0.00 0.00
A-15 122,949.46 969,281.42 0.00 0.00 20,314,586.40
A-16 15,967.46 92,906.74 0.00 0.00 1,846,780.80
A-17 0.00 145.69 0.00 0.00 135,369.15
A-18-1 210,279.48 210,279.48 0.00 0.00 0.00
A-18-2 54,229.11 54,229.11 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 97,254.03 116,331.24 0.00 0.00 16,142,193.79
M-2 32,416.01 38,774.69 0.00 0.00 5,380,400.47
M-3 38,902.81 46,533.93 0.00 0.00 6,457,075.98
B-1 14,264.96 17,063.15 0.00 0.00 2,367,693.76
B-2 6,486.79 7,759.23 0.00 0.00 1,076,675.50
B-3 11,671.50 13,960.95 0.00 0.00 1,937,231.99
- -------------------------------------------------------------------------------
2,517,206.64 12,393,384.32 0.00 0.00 364,603,349.26
===============================================================================
Run: 12/01/98 15:48:04
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS13(POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4277
_______________________________________________________________________________
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 806.160934 32.242446 4.851252 37.093698 0.000000 773.918489
A-2 479.758547 86.534966 2.887053 89.422019 0.000000 393.223581
A-3 1000.000000 0.000000 6.017722 6.017722 0.000000 1000.000000
A-4 1000.000000 0.000000 6.017721 6.017721 0.000000 1000.000000
A-5 1000.000000 0.000000 6.017722 6.017722 0.000000 1000.000000
A-6 1000.000000 0.000000 6.017722 6.017722 0.000000 1000.000000
A-7 993.500400 1.172755 5.978609 7.151364 0.000000 992.327644
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 988.947684 39.553011 5.745998 45.299009 0.000000 949.394673
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 852.285413 24.589410 0.000000 24.589410 0.000000 827.696003
A-12 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-13 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-14 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-15 806.160934 32.242446 4.683967 36.926413 0.000000 773.918488
A-16 806.160938 32.242446 6.691380 38.933826 0.000000 773.918492
A-17 974.837558 1.048033 0.000000 1.048033 0.000000 973.789525
A-18-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-18-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
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-1 993.500400 1.172755 5.978609 7.151364 0.000000 992.327644
M-2 993.500397 1.172755 5.978608 7.151363 0.000000 992.327641
M-3 993.500400 1.172755 5.978609 7.151364 0.000000 992.327644
B-1 993.500398 1.172754 5.978609 7.151363 0.000000 992.327645
B-2 993.500406 1.172756 5.978608 7.151364 0.000000 992.327650
B-3 993.500382 1.172743 5.978609 7.151352 0.000000 992.327633
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:48:09 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS13 (POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4277
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 77,035.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 57,829.37
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 49 6,096,889.45
(B) TWO MONTHLY PAYMENTS: 6 502,614.90
(C) THREE OR MORE MONTHLY PAYMENTS: 2 226,956.39
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 870,905.15
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 364,603,349.26
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,225
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 9,434,174.96
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 181,202.52
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.07753900 % 7.48315400 % 1.43930750 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.84658370 % 7.67400253 % 1.47656350 %
BANKRUPTCY AMOUNT AVAILABLE 262,848.00
FRAUD AMOUNT AVAILABLE 8,675,848.46
SPECIAL HAZARD AMOUNT AVAILABLE 4,337,924.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.37908443
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.36
POOL TRADING FACTOR: 84.05018855
................................................................................
Run: 12/01/98 15:48:42 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS1(POOL # 4281)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4281
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FPU1 64,326,000.00 45,401,313.09 7.000000 % 2,662,626.82
A-2 76110FPV9 117,395,000.00 96,691,576.99 7.000000 % 2,912,887.79
A-3 76110FPW7 51,380,000.00 51,380,000.00 7.000000 % 0.00
A-4 76110FPX5 1,862,000.00 1,862,000.00 7.000000 % 0.00
A-5 76110FPY3 65,040,000.00 65,040,000.00 7.000000 % 0.00
A-6-1 0.00 0.00 1.127745 % 0.00
A-6-2 0.00 0.00 0.937621 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,283,706.38 7.000000 % 7,976.11
M-2 76110FQD8 4,054,000.00 4,029,788.64 7.000000 % 2,848.53
M-3 76110FQE6 4,865,000.00 4,835,945.16 7.000000 % 3,418.38
B-1 76110FQF3 1,783,800.00 1,773,146.76 7.000000 % 1,253.38
B-2 76110FQG1 810,800.00 805,957.73 7.000000 % 569.71
B-3 76110FQH9 1,459,579.11 1,450,862.17 7.000000 % 1,025.57
- -------------------------------------------------------------------------------
324,327,779.11 284,554,296.92 5,592,606.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 264,317.10 2,926,943.92 0.00 0.00 42,738,686.27
A-2 562,918.46 3,475,806.25 0.00 0.00 93,778,689.20
A-3 299,123.79 299,123.79 0.00 0.00 51,380,000.00
A-4 10,840.18 10,840.18 0.00 0.00 1,862,000.00
A-5 378,649.49 378,649.49 0.00 0.00 65,040,000.00
A-6-1 196,819.60 196,819.60 0.00 0.00 0.00
A-6-2 58,258.65 58,258.65 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,691.42 73,667.53 0.00 0.00 11,275,730.27
M-2 23,460.60 26,309.13 0.00 0.00 4,026,940.11
M-3 28,153.88 31,572.26 0.00 0.00 4,832,526.78
B-1 10,322.90 11,576.28 0.00 0.00 1,771,893.38
B-2 4,692.12 5,261.83 0.00 0.00 805,388.02
B-3 8,446.62 9,472.19 0.00 0.00 1,449,836.60
- -------------------------------------------------------------------------------
1,911,694.81 7,504,301.10 0.00 0.00 278,961,690.63
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 705.800347 41.392700 4.109024 45.501724 0.000000 664.407647
A-2 823.643060 24.812707 4.795080 29.607787 0.000000 798.830352
A-3 1000.000000 0.000000 5.821794 5.821794 0.000000 1000.000000
A-4 1000.000000 0.000000 5.821794 5.821794 0.000000 1000.000000
A-5 1000.000000 0.000000 5.821794 5.821794 0.000000 1000.000000
A-6-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.027783 0.702648 5.787026 6.489674 0.000000 993.325135
M-2 994.027785 0.702647 5.787025 6.489672 0.000000 993.325138
M-3 994.027782 0.702647 5.787026 6.489673 0.000000 993.325135
B-1 994.027783 0.702646 5.787028 6.489674 0.000000 993.325137
B-2 994.027787 0.702652 5.787025 6.489677 0.000000 993.325136
B-3 994.027771 0.702641 5.787024 6.489665 0.000000 993.325124
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:48:44 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS1 (POOL # 4281)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4281
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 58,822.64
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 44,798.07
MASTER SERVICER ADVANCES THIS MONTH 913.93
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 3,894,085.93
(B) TWO MONTHLY PAYMENTS: 3 491,306.01
(C) THREE OR MORE MONTHLY PAYMENTS: 6 1,174,153.33
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 310,191.21
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 278,961,690.63
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,412
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 118,914.09
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,391,463.57
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.50270890 % 7.08105300 % 1.41623820 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.33848270 % 7.21790763 % 1.44360970 %
BANKRUPTCY AMOUNT AVAILABLE 218,111.00
FRAUD AMOUNT AVAILABLE 6,486,556.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,243,278.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.36096724
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 344.17
POOL TRADING FACTOR: 86.01227172
................................................................................
Run: 12/01/98 15:49:14 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS2(POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4284
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FQJ5 20,000,000.00 16,668,659.16 6.750000 % 600,037.84
A-2 76110FQK2 158,282,400.00 131,917,768.82 6.500000 % 4,748,771.47
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 33,700,852.98 5.819380 % 934,456.93
A-5 76110FQN6 0.00 0.00 3.206395 % 0.00
A-6 76110FQP1 13,504,750.00 11,685,171.62 5.719380 % 327,740.67
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 136,892.77 0.000000 % 363.94
A-9-1 0.00 0.00 1.060083 % 0.00
A-9-2 0.00 0.00 0.776428 % 0.00
R-I 76110FQT3 100.00 0.00 7.000000 % 0.00
R-II 76110FQU0 100.00 0.00 7.000000 % 0.00
M-1 76110FQV8 17,350,800.00 17,258,254.76 7.000000 % 12,019.49
M-2 76110FQW6 5,422,000.00 5,393,080.28 7.000000 % 3,756.00
M-3 76110FQX4 5,422,000.00 5,393,080.28 7.000000 % 3,756.00
B-1 76110FQY2 2,385,700.00 2,372,975.22 7.000000 % 1,652.66
B-2 76110FQZ9 1,084,400.00 1,078,616.07 7.000000 % 751.20
B-3 76110FRA3 1,952,351.82 1,941,938.40 7.000000 % 1,352.48
- -------------------------------------------------------------------------------
433,770,084.51 396,885,190.36 6,634,658.68
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 93,734.46 693,772.30 0.00 0.00 16,068,621.32
A-2 714,350.75 5,463,122.22 0.00 0.00 127,168,997.35
A-3 464,402.49 464,402.49 0.00 0.00 82,584,000.00
A-4 163,385.10 1,097,842.03 0.00 0.00 32,766,396.05
A-5 121,236.68 121,236.68 0.00 0.00 0.00
A-6 55,677.39 383,418.06 0.00 0.00 11,357,430.95
A-7 505,920.06 505,920.06 0.00 0.00 86,753,900.00
A-8 0.00 363.94 0.00 0.00 136,528.83
A-9-1 245,703.07 245,703.07 0.00 0.00 0.00
A-9-2 76,762.49 76,762.49 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-1 100,644.43 112,663.92 0.00 0.00 17,246,235.27
M-2 31,450.66 35,206.66 0.00 0.00 5,389,324.28
M-3 31,450.66 35,206.66 0.00 0.00 5,389,324.28
B-1 13,838.41 15,491.07 0.00 0.00 2,371,322.56
B-2 6,290.14 7,041.34 0.00 0.00 1,077,864.87
B-3 11,324.74 12,677.22 0.00 0.00 1,940,585.92
- -------------------------------------------------------------------------------
2,636,171.53 9,270,830.21 0.00 0.00 390,250,531.68
===============================================================================
Run: 12/01/98 15:49:14
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS2(POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4284
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 833.432958 30.001892 4.686723 34.688615 0.000000 803.431066
A-2 833.432958 30.001892 4.513141 34.515033 0.000000 803.431066
A-3 1000.000000 0.000000 5.623395 5.623395 0.000000 1000.000000
A-4 866.594229 24.028917 4.201335 28.230252 0.000000 842.565312
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 865.263823 24.268548 4.122800 28.391348 0.000000 840.995276
A-7 1000.000000 0.000000 5.831669 5.831669 0.000000 1000.000000
A-8 986.737661 2.623318 0.000000 2.623318 0.000000 984.114343
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
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-1 994.666226 0.692734 5.800564 6.493298 0.000000 993.973492
M-2 994.666226 0.692733 5.800564 6.493297 0.000000 993.973493
M-3 994.666226 0.692733 5.800564 6.493297 0.000000 993.973493
B-1 994.666228 0.692736 5.800566 6.493302 0.000000 993.973492
B-2 994.666239 0.692733 5.800572 6.493305 0.000000 993.973506
B-3 994.666217 0.692734 5.800563 6.493297 0.000000 993.973473
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:49:17 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS2 (POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4284
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 82,004.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 65,617.02
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 5,564,949.22
(B) TWO MONTHLY PAYMENTS: 14 1,929,190.22
(C) THREE OR MORE MONTHLY PAYMENTS: 7 690,804.13
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 593,546.79
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 390,250,531.68
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,288
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 6,358,193.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.57200040 % 7.06856600 % 1.35943360 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.43464300 % 7.18125449 % 1.38158930 %
BANKRUPTCY AMOUNT AVAILABLE 234,815.00
FRAUD AMOUNT AVAILABLE 8,675,402.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,337,701.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.25280966
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.40
POOL TRADING FACTOR: 89.96713826
................................................................................
Run: 12/01/98 15:54:07 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS3(POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4285
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FRB1 115,517,963.00 106,418,474.35 6.500000 % 1,613,373.04
A-2 76110FRC9 34,880,737.00 28,341,863.71 6.500000 % 237,023.83
A-3-1 0.00 0.00 1.257368 % 0.00
A-3-2 0.00 0.00 1.025091 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,829,469.86 6.500000 % 12,686.02
M-2 76110FRG0 785,100.00 765,601.44 6.500000 % 2,536.23
M-3 76110FRH8 707,000.00 689,441.10 6.500000 % 2,283.93
B-1 76110FRJ4 471,200.00 459,497.36 6.500000 % 1,522.19
B-2 76110FRK1 314,000.00 306,201.56 6.500000 % 1,014.36
B-3 76110FRL9 471,435.62 459,727.16 6.500000 % 1,522.95
- -------------------------------------------------------------------------------
157,074,535.62 141,270,276.54 1,871,962.55
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 575,510.71 2,188,883.75 0.00 0.00 104,805,101.31
A-2 153,272.69 390,296.52 0.00 0.00 28,104,839.88
A-3-1 114,186.90 114,186.90 0.00 0.00 0.00
A-3-2 27,393.03 27,393.03 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,709.76 33,395.78 0.00 0.00 3,816,783.84
M-2 4,140.37 6,676.60 0.00 0.00 763,065.21
M-3 3,728.49 6,012.42 0.00 0.00 687,157.17
B-1 2,484.96 4,007.15 0.00 0.00 457,975.17
B-2 1,655.94 2,670.30 0.00 0.00 305,187.20
B-3 2,486.20 4,009.15 0.00 0.00 458,204.20
- -------------------------------------------------------------------------------
905,569.05 2,777,531.60 0.00 0.00 139,398,313.98
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 921.228799 13.966426 4.982002 18.948428 0.000000 907.262374
A-2 812.536263 6.795264 4.394193 11.189457 0.000000 805.740999
A-3-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 975.164212 3.230461 5.273685 8.504146 0.000000 971.933751
M-2 975.164234 3.230455 5.273685 8.504140 0.000000 971.933779
M-3 975.164215 3.230453 5.273678 8.504131 0.000000 971.933762
B-1 975.164177 3.230454 5.273684 8.504138 0.000000 971.933722
B-2 975.164204 3.230446 5.273694 8.504140 0.000000 971.933758
B-3 975.164244 3.230452 5.273679 8.504131 0.000000 971.933771
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:54:08 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS3 (POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4285
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 29,361.16
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,267.63
SUBSERVICER ADVANCES THIS MONTH 10,161.59
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 10 579,933.11
(B) TWO MONTHLY PAYMENTS: 1 71,290.87
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 408,401.75
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 139,398,313.98
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,483
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 1,403,971.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.39185550 % 3.74071100 % 0.86743380 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.34544390 % 3.77838589 % 0.87617030 %
BANKRUPTCY AMOUNT AVAILABLE 1,000,000.00
FRAUD AMOUNT AVAILABLE 1,570,745.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,570,745.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.98228900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 165.36
POOL TRADING FACTOR: 88.74660264
................................................................................
Run: 12/01/98 15:54:10 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS4(POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4290
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FRM7 135,006,400.00 112,738,719.25 6.500000 % 4,397,919.44
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 35,651,234.80 5.719380 % 1,099,479.86
A-I-4 76110FRQ8 0.00 0.00 3.280620 % 0.00
A-I-5 76110FRR6 64,868,000.00 64,868,000.00 7.000000 % 0.00
A-II 76110FRS4 75,203,000.00 69,910,930.68 7.000000 % 1,183,745.81
A-V-1 0.00 0.00 0.898987 % 0.00
A-V-2 0.00 0.00 0.687607 % 0.00
R-I 76110FRV7 100.00 0.00 7.000000 % 0.00
R-II 76110FRW5 100.00 0.00 7.000000 % 0.00
M-1 76110FRX3 14,190,000.00 14,122,748.61 7.000000 % 29,697.10
M-2 76110FRY1 5,067,800.00 5,043,781.92 7.000000 % 10,605.99
M-3 76110FRZ8 5,067,800.00 5,043,781.92 7.000000 % 10,605.99
B-1 76110FSA2 2,230,000.00 2,219,431.24 7.000000 % 4,666.99
B-2 76110FSB0 1,216,400.00 1,210,635.06 7.000000 % 2,545.71
B-3 76110FSC8 1,621,792.30 1,614,106.07 7.000000 % 3,394.12
- -------------------------------------------------------------------------------
405,421,992.30 372,155,814.55 6,742,661.01
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 610,519.85 5,008,439.29 0.00 0.00 108,340,799.81
A-I-2 335,913.45 335,913.45 0.00 0.00 59,732,445.00
A-I-3 169,877.89 1,269,357.75 0.00 0.00 34,551,754.94
A-I-4 97,441.48 97,441.48 0.00 0.00 0.00
A-I-5 378,304.83 378,304.83 0.00 0.00 64,868,000.00
A-II 407,727.00 1,591,472.81 0.00 0.00 68,727,184.87
A-V-1 217,873.50 217,873.50 0.00 0.00 0.00
A-V-2 46,552.96 46,552.96 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 82,360.56 112,057.66 0.00 0.00 14,093,051.51
M-2 29,414.15 40,020.14 0.00 0.00 5,033,175.93
M-3 29,414.15 40,020.14 0.00 0.00 5,033,175.93
B-1 12,943.20 17,610.19 0.00 0.00 2,214,764.25
B-2 7,060.14 9,605.85 0.00 0.00 1,208,089.35
B-3 9,413.09 12,807.21 0.00 0.00 1,610,711.96
- -------------------------------------------------------------------------------
2,434,816.25 9,177,477.26 0.00 0.00 365,413,153.55
===============================================================================
Run: 12/01/98 15:54:10
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS4(POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4290
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 835.062036 32.575637 4.522155 37.097792 0.000000 802.486399
A-I-2 1000.000000 0.000000 5.623635 5.623635 0.000000 1000.000000
A-I-3 864.940093 26.674650 4.121434 30.796084 0.000000 838.265443
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.831918 5.831918 0.000000 1000.000000
A-II 929.629545 15.740673 5.421685 21.162358 0.000000 913.888872
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.260649 2.092819 5.804127 7.896946 0.000000 993.167830
M-2 995.260650 2.092819 5.804126 7.896945 0.000000 993.167830
M-3 995.260650 2.092819 5.804126 7.896945 0.000000 993.167830
B-1 995.260646 2.092821 5.804126 7.896947 0.000000 993.167825
B-2 995.260654 2.092823 5.804128 7.896951 0.000000 993.167831
B-3 995.260657 2.092820 5.804127 7.896947 0.000000 993.167843
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:54:11 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS4 (POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4290
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 76,874.09
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,405.87
SUBSERVICER ADVANCES THIS MONTH 47,839.62
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 5,017,914.97
(B) TWO MONTHLY PAYMENTS: 8 955,756.19
(C) THREE OR MORE MONTHLY PAYMENTS: 3 433,788.36
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 365,413,153.55
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,119
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 5,962,439.29
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 517,177.82
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.13918370 % 6.50542400 % 1.35539260 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.01096930 % 6.61153085 % 1.37749980 %
BANKRUPTCY AMOUNT AVAILABLE 230,361.00
FRAUD AMOUNT AVAILABLE 8,108,440.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,054,220.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.17997200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.32
POOL TRADING FACTOR: 90.13155687
................................................................................
Run: 12/01/98 15:50:14 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS5(POOL # 4299)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4299
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FSD6 151,551,000.00 134,636,079.81 6.750000 % 3,600,509.25
A-2 76110FSE4 75,936,500.00 75,936,500.00 6.750000 % 0.00
A-3 76110FSF1 17,485,800.00 17,485,800.00 6.750000 % 0.00
A-4 76110FSG9 13,164,700.00 13,164,700.00 6.750000 % 0.00
A-5 76110FSH7 67,790,000.00 67,790,000.00 6.750000 % 0.00
A-6-1 0.00 0.00 1.079139 % 0.00
A-6-2 0.00 0.00 0.868863 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,599,042.94 6.750000 % 8,866.91
M-2 76110FSM6 4,216,900.00 4,199,680.97 6.750000 % 2,955.64
M-3 76110FSN4 4,392,600.00 4,374,663.53 6.750000 % 3,078.78
B-1 76110FSP9 1,757,100.00 1,749,925.17 6.750000 % 1,231.56
B-2 76110FSQ7 1,054,300.00 1,049,994.94 6.750000 % 738.96
B-3 76110FSR5 1,405,623.28 1,399,883.65 6.750000 % 985.20
- -------------------------------------------------------------------------------
351,405,323.28 334,386,271.01 3,618,366.30
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 756,922.94 4,357,432.19 0.00 0.00 131,035,570.56
A-2 426,914.38 426,914.38 0.00 0.00 75,936,500.00
A-3 98,305.03 98,305.03 0.00 0.00 17,485,800.00
A-4 74,011.84 74,011.84 0.00 0.00 13,164,700.00
A-5 381,114.82 381,114.82 0.00 0.00 67,790,000.00
A-6-1 222,923.00 222,923.00 0.00 0.00 0.00
A-6-2 62,498.54 62,498.54 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 70,831.72 79,698.63 0.00 0.00 12,590,176.03
M-2 23,610.58 26,566.22 0.00 0.00 4,196,725.33
M-3 24,594.32 27,673.10 0.00 0.00 4,371,584.75
B-1 9,838.07 11,069.63 0.00 0.00 1,748,693.61
B-2 5,903.06 6,642.02 0.00 0.00 1,049,255.98
B-3 7,870.14 8,855.34 0.00 0.00 1,398,898.45
- -------------------------------------------------------------------------------
2,165,338.44 5,783,704.74 0.00 0.00 330,767,904.71
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 888.387934 23.757740 4.994510 28.752250 0.000000 864.630194
A-2 1000.000000 0.000000 5.621992 5.621992 0.000000 1000.000000
A-3 1000.000000 0.000000 5.621992 5.621992 0.000000 1000.000000
A-4 1000.000000 0.000000 5.621992 5.621992 0.000000 1000.000000
A-5 1000.000000 0.000000 5.621992 5.621992 0.000000 1000.000000
A-6-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.916664 0.700903 5.599036 6.299939 0.000000 995.215761
M-2 995.916662 0.700904 5.599037 6.299941 0.000000 995.215758
M-3 995.916662 0.700902 5.599035 6.299937 0.000000 995.215761
B-1 995.916664 0.700905 5.599038 6.299943 0.000000 995.215759
B-2 995.916665 0.700901 5.599033 6.299934 0.000000 995.215764
B-3 995.916666 0.700871 5.599039 6.299910 0.000000 995.215766
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:50:17 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS5 (POOL # 4299)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4299
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 69,365.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,427.97
SUBSERVICER ADVANCES THIS MONTH 66,850.89
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 7,465,949.59
(B) TWO MONTHLY PAYMENTS: 6 452,263.48
(C) THREE OR MORE MONTHLY PAYMENTS: 1 104,751.24
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 1,140,089.26
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 330,767,904.71
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,662
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 3,383,033.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.41201170 % 6.33201500 % 1.25597370 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.33440310 % 6.39677726 % 1.26881960 %
BANKRUPTCY AMOUNT AVAILABLE 249,990.00
FRAUD AMOUNT AVAILABLE 7,028,106.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,514,053.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.10221269
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.37
POOL TRADING FACTOR: 94.12717531
................................................................................
Run: 12/01/98 15:54:13 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6(POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4301
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FSS3 20,174,375.00 19,145,275.03 6.750000 % 274,102.22
CB-2 76110FST1 39,313,092.00 39,313,092.00 6.750000 % 0.00
CB-3 76110FSU8 13,813,906.00 13,813,906.00 6.750000 % 0.00
CB-4 76110FSV6 16,300,000.00 14,324,128.05 6.750000 % 526,276.27
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 128,086,438.80 6.750000 % 2,240,963.85
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 71,005,250.38 6.750000 % 2,158,032.69
NB-2 76110FTA1 4,494,000.00 0.00 6.750000 % 0.00
NB-3 76110FTB9 9,662,500.00 9,662,500.00 6.750000 % 0.00
NB-4 76110FTC7 10,000,000.00 8,957,410.36 6.750000 % 239,629.65
A-P 76110FTE3 57,464.36 57,186.71 0.000000 % 51.65
A-V-1 0.00 0.00 1.023027 % 0.00
A-V-2 0.00 0.00 0.789933 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 13,030,436.09 6.750000 % 9,194.80
M-2 76110FTH6 5,029,000.00 5,011,667.86 6.750000 % 3,536.43
M-3 76110FTJ2 4,224,500.00 4,209,940.52 6.750000 % 2,970.70
B-1 76110FTK9 2,011,600.00 2,004,667.15 6.750000 % 1,414.57
B-2 76110FTL7 1,207,000.00 1,202,840.15 6.750000 % 848.77
B-3 76110FTM5 1,609,449.28 1,603,902.36 6.750000 % 1,131.78
- -------------------------------------------------------------------------------
402,311,611.64 380,367,266.46 5,458,153.38
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 107,641.88 381,744.10 0.00 0.00 18,871,172.81
CB-2 221,032.87 221,032.87 0.00 0.00 39,313,092.00
CB-3 77,666.93 77,666.93 0.00 0.00 13,813,906.00
CB-4 80,535.59 606,811.86 0.00 0.00 13,797,851.78
CB-5 115,258.65 115,258.65 0.00 0.00 20,500,000.00
CB-6 720,149.76 2,961,113.61 0.00 0.00 125,845,474.95
CB-7 159,892.57 159,892.57 0.00 0.00 28,438,625.00
NB-1 399,371.49 2,557,404.18 0.00 0.00 68,847,217.69
NB-2 0.00 0.00 0.00 0.00 0.00
NB-3 54,347.06 54,347.06 0.00 0.00 9,662,500.00
NB-4 50,381.26 290,010.91 0.00 0.00 8,717,780.71
A-P 0.00 51.65 0.00 0.00 57,135.06
A-V-1 244,463.26 244,463.26 0.00 0.00 0.00
A-V-2 61,513.30 61,513.30 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,264.52 82,459.32 0.00 0.00 13,021,241.29
M-2 28,178.44 31,714.87 0.00 0.00 5,008,131.43
M-3 23,670.68 26,641.38 0.00 0.00 4,206,969.82
B-1 11,271.38 12,685.95 0.00 0.00 2,003,252.58
B-2 6,763.06 7,611.83 0.00 0.00 1,201,991.38
B-3 9,018.05 10,149.83 0.00 0.00 1,602,770.53
- -------------------------------------------------------------------------------
2,444,420.75 7,902,574.13 0.00 0.00 374,909,113.03
===============================================================================
Run: 12/01/98 15:54:13
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6(POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4301
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 948.989747 13.586653 5.335574 18.922227 0.000000 935.403095
CB-2 1000.000000 0.000000 5.622373 5.622373 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.622373 5.622373 0.000000 1000.000000
CB-4 878.780862 32.286888 4.940834 37.227722 0.000000 846.493974
CB-5 1000.000000 0.000000 5.622373 5.622373 0.000000 1000.000000
CB-6 938.362189 16.417318 5.275822 21.693140 0.000000 921.944872
CB-7 1000.000000 0.000000 5.622373 5.622373 0.000000 1000.000000
NB-1 935.504382 28.432391 5.261777 33.694168 0.000000 907.071992
NB-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-3 1000.000000 0.000000 5.624534 5.624534 0.000000 1000.000000
NB-4 895.741036 23.962965 5.038126 29.001091 0.000000 871.778071
A-P 995.168310 0.898875 0.000000 0.898875 0.000000 994.269435
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.553561 0.703208 5.603191 6.306399 0.000000 995.850353
M-2 996.553561 0.703207 5.603190 6.306397 0.000000 995.850354
M-3 996.553561 0.703207 5.603191 6.306398 0.000000 995.850354
B-1 996.553564 0.703206 5.603191 6.306397 0.000000 995.850358
B-2 996.553563 0.703206 5.603198 6.306404 0.000000 995.850356
B-3 996.553529 0.703209 5.603190 6.306399 0.000000 995.850291
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:54:14 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS6 (POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4301
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 78,809.78
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 12,362.99
SUBSERVICER ADVANCES THIS MONTH 56,041.13
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 5,579,117.46
(B) TWO MONTHLY PAYMENTS: 4 757,908.09
(C) THREE OR MORE MONTHLY PAYMENTS: 7 1,298,338.80
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 374,909,113.03
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,963
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 5,189,780.52
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.86988050 % 5.85014700 % 1.26493790 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.78532360 % 5.93112884 % 1.28264350 %
BANKRUPTCY AMOUNT AVAILABLE 182,918.00
FRAUD AMOUNT AVAILABLE 8,046,232.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,023,116.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.04394100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.35
POOL TRADING FACTOR: 93.18873783
................................................................................
Run: 12/01/98 15:54:16 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS7(POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4311
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FTZ6 172,668,000.00 163,475,674.67 6.750000 % 2,893,376.64
CB-2 76110FUA9 35,551,000.00 35,551,000.00 6.750000 % 0.00
CB-3 76110FUB7 44,215,000.00 44,215,000.00 6.750000 % 0.00
NB-1 76110FUC5 32,242,000.00 32,242,000.00 6.750000 % 0.00
NB-2 76110FUD3 77,840,000.00 71,661,657.14 6.750000 % 2,500,643.75
NB-3 76110FUE1 3,780,000.00 0.00 6.750000 % 0.00
NB-4 76110FUF1 13,684,000.00 13,684,000.00 6.750000 % 0.00
A-P 76110FUF8 73,404.89 73,078.37 0.000000 % 68.92
A-V 76110FUG6 0.00 0.00 0.962893 % 0.00
R 76110FUH4 100.00 0.00 6.750000 % 0.00
M-1 76110FUJ0 13,245,900.00 13,209,571.76 6.750000 % 9,298.71
M-2 76110FUK5 5,094,600.00 5,080,627.54 6.750000 % 3,576.44
M-3 76110FUM3 4,279,400.00 4,267,663.30 6.750000 % 3,004.17
B-1 76110FUN1 2,037,800.00 2,032,211.12 6.750000 % 1,430.55
B-2 76110FUP6 1,222,600.00 1,219,246.90 6.750000 % 858.27
B-3 76110FUQ4 1,631,527.35 1,627,052.71 6.750000 % 1,145.34
- -------------------------------------------------------------------------------
407,565,332.24 388,338,783.51 5,413,402.79
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 919,011.48 3,812,388.12 0.00 0.00 160,582,298.03
CB-2 199,857.12 199,857.12 0.00 0.00 35,551,000.00
CB-3 248,563.55 248,563.55 0.00 0.00 44,215,000.00
NB-1 181,347.80 181,347.80 0.00 0.00 32,242,000.00
NB-2 403,066.92 2,903,710.67 0.00 0.00 69,161,013.39
NB-3 0.00 0.00 0.00 0.00 0.00
NB-4 76,966.79 76,966.79 0.00 0.00 13,684,000.00
A-P 0.00 68.92 0.00 0.00 73,009.45
A-V 311,476.74 311,476.74 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 74,268.33 83,567.04 0.00 0.00 13,200,273.05
M-2 28,564.87 32,141.31 0.00 0.00 5,077,051.10
M-3 23,994.14 26,998.31 0.00 0.00 4,264,659.13
B-1 11,425.73 12,856.28 0.00 0.00 2,030,780.57
B-2 6,854.98 7,713.25 0.00 0.00 1,218,388.63
B-3 9,147.80 10,293.14 0.00 0.00 1,625,907.37
- -------------------------------------------------------------------------------
2,494,546.25 7,907,949.04 0.00 0.00 382,925,380.72
===============================================================================
Run: 12/01/98 15:54:16
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS7(POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4311
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 946.763006 16.756878 5.322419 22.079297 0.000000 930.006128
CB-2 1000.000000 0.000000 5.621702 5.621702 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.621702 5.621702 0.000000 1000.000000
NB-1 1000.000000 0.000000 5.624583 5.624583 0.000000 1000.000000
NB-2 920.627661 32.125434 5.178146 37.303580 0.000000 888.502228
NB-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-4 1000.000000 0.000000 5.624583 5.624583 0.000000 1000.000000
A-P 995.551795 0.938905 0.000000 0.938905 0.000000 994.612890
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.257397 0.702007 5.606892 6.308899 0.000000 996.555391
M-2 997.257398 0.702006 5.606892 6.308898 0.000000 996.555392
M-3 997.257396 0.702007 5.606893 6.308900 0.000000 996.555389
B-1 997.257395 0.702007 5.606895 6.308902 0.000000 996.555388
B-2 997.257402 0.702004 5.606887 6.308891 0.000000 996.555398
B-3 997.257392 0.702005 5.606893 6.308898 0.000000 996.555387
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:54:16 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS7 (POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4311
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 80,271.46
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,526.76
SUBSERVICER ADVANCES THIS MONTH 62,598.52
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 6,999,333.60
(B) TWO MONTHLY PAYMENTS: 9 1,030,415.01
(C) THREE OR MORE MONTHLY PAYMENTS: 3 309,468.67
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 238,000.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 382,925,380.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,804
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 5,140,042.30
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.91612040 % 5.80881000 % 1.25625120 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.83873840 % 5.88678223 % 1.27335680 %
BANKRUPTCY AMOUNT AVAILABLE 167,865.00
FRAUD AMOUNT AVAILABLE 8,151,307.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,075,653.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.03823900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.43
POOL TRADING FACTOR: 93.95435540
................................................................................
Run: 12/01/98 15:54:18 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS8(POOL # 4306)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4306
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB 76110FTN3 124,454,000.00 119,303,736.90 6.500000 % 1,065,789.27
NB 76110FTP8 41,430,000.00 40,486,083.57 6.500000 % 1,510,416.72
A-P 76110FTQ6 63,383.01 62,453.23 0.000000 % 247.71
A-V 76110FTV5 0.00 0.00 0.944811 % 0.00
R 76110FTR4 100.00 0.00 6.500000 % 0.00
M-1 76110FTS2 4,507,000.00 4,450,965.90 6.500000 % 14,187.95
M-2 76110FTT0 780,000.00 770,302.51 6.500000 % 2,455.43
M-3 76110FTU7 693,500.00 684,877.93 6.500000 % 2,183.13
B-1 76110FTW3 520,000.00 513,535.00 6.500000 % 1,636.95
B-2 76110FTX1 433,500.00 428,110.43 6.500000 % 1,364.65
B-3 76110FTY9 433,464.63 428,075.50 6.500000 % 1,364.54
- -------------------------------------------------------------------------------
173,314,947.64 167,128,140.97 2,599,646.35
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 645,828.05 1,711,617.32 0.00 0.00 118,237,947.63
NB 219,163.70 1,729,580.42 0.00 0.00 38,975,666.85
A-P 0.00 247.71 0.00 0.00 62,205.52
A-V 131,505.54 131,505.54 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 24,094.46 38,282.41 0.00 0.00 4,436,777.95
M-2 4,169.88 6,625.31 0.00 0.00 767,847.08
M-3 3,707.46 5,890.59 0.00 0.00 682,694.80
B-1 2,779.93 4,416.88 0.00 0.00 511,898.05
B-2 2,317.49 3,682.14 0.00 0.00 426,745.78
B-3 2,317.30 3,681.84 0.00 0.00 426,710.96
- -------------------------------------------------------------------------------
1,035,883.81 3,635,530.16 0.00 0.00 164,528,494.62
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 958.617135 8.563720 5.189291 13.753011 0.000000 950.053414
NB 977.216596 36.457078 5.289976 41.747054 0.000000 940.759518
A-P 985.330769 3.908100 0.000000 3.908100 0.000000 981.422670
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 987.567318 3.147981 5.346008 8.493989 0.000000 984.419337
M-2 987.567321 3.147987 5.346000 8.493987 0.000000 984.419333
M-3 987.567311 3.147988 5.346013 8.494001 0.000000 984.419322
B-1 987.567308 3.147981 5.346019 8.494000 0.000000 984.419327
B-2 987.567313 3.147982 5.345998 8.493980 0.000000 984.419331
B-3 987.567313 3.147985 5.345996 8.493981 0.000000 984.419322
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:54:19 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS8 (POOL # 4306)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4306
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 34,614.50
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,390.35
SUBSERVICER ADVANCES THIS MONTH 27,395.52
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 19 2,192,656.04
(B) TWO MONTHLY PAYMENTS: 1 245,008.41
(C) THREE OR MORE MONTHLY PAYMENTS: 2 512,242.13
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 164,528,494.62
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,671
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 2,066,885.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.60916520 % 3.53390300 % 0.81956330 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.59017560 % 3.57829800 % 0.83017300 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,733,149.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,733,149.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.77379300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 170.22
POOL TRADING FACTOR: 94.93035474
................................................................................
Run: 12/01/98 15:51:13 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS9(POOL # 4314)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4314
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FVL4 99,000,000.00 88,855,759.77 6.750000 % 8,408,876.03
A-2 76110FVM2 43,000,000.00 43,000,000.00 6.750000 % 0.00
A-3 76110FVNO 60,000,000.00 60,000,000.00 6.750000 % 0.00
A-4 76110FVP5 27,000,000.00 27,000,000.00 6.750000 % 0.00
A-5 76110FVQ3 52,500,000.00 52,500,000.00 6.750000 % 0.00
A-6 76110FVR1 36,500,000.00 36,500,000.00 6.750000 % 0.00
A-7 76110FVS9 25,000,000.00 25,000,000.00 6.750000 % 0.00
A-8 76110FVT7 10,405,000.00 10,405,000.00 6.019380 % 0.00
A-9 76110FVU4 3,469,000.00 3,469,000.00 8.941442 % 0.00
A-10 76110FVU2 7,590,000.00 7,500,642.97 6.750000 % 29,930.86
A-11 76110FVW0 7,500,000.00 7,500,000.00 6.750000 % 0.00
A-12 76110FVX8 28,126,000.00 28,126,000.00 6.750000 % 0.00
A-13 76110FVY6 77,829.78 77,630.70 0.000000 % 70.19
A-14 76110FVZ3 0.00 0.00 0.952776 % 0.00
R 76110FWA7 100.00 0.00 6.750000 % 0.00
M-1 76110FWB5 11,770,000.00 11,745,663.36 6.750000 % 8,151.75
M-2 76110FWC3 5,349,900.00 5,338,838.10 6.750000 % 3,705.27
M-3 76110FWD1 5,349,900.00 5,338,838.10 6.750000 % 3,705.27
B-1 76110FWE9 2,354,000.00 2,349,132.68 6.750000 % 1,630.35
B-2 76110FWF6 1,284,000.00 1,281,345.09 6.750000 % 889.28
B-3 76110FWG4 1,712,259.01 1,708,718.60 6.750000 % 1,185.91
- -------------------------------------------------------------------------------
427,987,988.79 417,696,569.37 8,458,144.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 499,711.94 8,908,587.97 0.00 0.00 80,446,883.74
A-2 241,825.78 241,825.78 0.00 0.00 43,000,000.00
A-3 337,431.32 337,431.32 0.00 0.00 60,000,000.00
A-4 151,844.09 151,844.09 0.00 0.00 27,000,000.00
A-5 295,252.40 295,252.40 0.00 0.00 52,500,000.00
A-6 205,270.72 205,270.72 0.00 0.00 36,500,000.00
A-7 140,596.38 140,596.38 0.00 0.00 25,000,000.00
A-8 52,182.42 52,182.42 0.00 0.00 10,405,000.00
A-9 25,842.96 25,842.96 0.00 0.00 3,469,000.00
A-10 42,182.53 72,113.39 0.00 0.00 7,470,712.11
A-11 42,178.91 42,178.91 0.00 0.00 7,500,000.00
A-12 158,176.55 158,176.55 0.00 0.00 28,126,000.00
A-13 0.00 70.19 0.00 0.00 77,560.51
A-14 331,575.21 331,575.21 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 66,055.91 74,207.66 0.00 0.00 11,737,511.61
M-2 30,024.85 33,730.12 0.00 0.00 5,335,132.83
M-3 30,024.85 33,730.12 0.00 0.00 5,335,132.83
B-1 13,211.18 14,841.53 0.00 0.00 2,347,502.33
B-2 7,206.10 8,095.38 0.00 0.00 1,280,455.81
B-3 9,609.58 10,795.49 0.00 0.00 1,707,532.69
- -------------------------------------------------------------------------------
2,680,203.68 11,138,348.59 0.00 0.00 409,238,424.46
===============================================================================
Run: 12/01/98 15:51:13
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS9(POOL # 4314)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4314
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 897.532927 84.938142 5.047595 89.985737 0.000000 812.594785
A-2 1000.000000 0.000000 5.623855 5.623855 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623855 5.623855 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623855 5.623855 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623855 5.623855 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623855 5.623855 0.000000 1000.000000
A-7 1000.000000 0.000000 5.623855 5.623855 0.000000 1000.000000
A-8 1000.000000 0.000000 5.015129 5.015129 0.000000 1000.000000
A-9 1000.000000 0.000000 7.449686 7.449686 0.000000 1000.000000
A-10 988.227005 3.943460 5.557646 9.501106 0.000000 984.283546
A-11 1000.000000 0.000000 5.623855 5.623855 0.000000 1000.000000
A-12 1000.000000 0.000000 5.623855 5.623855 0.000000 1000.000000
A-13 997.442110 0.901840 0.000000 0.901840 0.000000 996.540270
A-14 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.932316 0.692587 5.612227 6.304814 0.000000 997.239729
M-2 997.932316 0.692587 5.612226 6.304813 0.000000 997.239730
M-3 997.932316 0.692587 5.612226 6.304813 0.000000 997.239730
B-1 997.932319 0.692587 5.612226 6.304813 0.000000 997.239732
B-2 997.932313 0.692586 5.612227 6.304813 0.000000 997.239727
B-3 997.932316 0.692588 5.612223 6.304811 0.000000 997.239717
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:51:17 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS9 (POOL # 4314)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4314
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 86,305.30
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,587.11
SUBSERVICER ADVANCES THIS MONTH 73,575.23
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 62 7,118,681.85
(B) TWO MONTHLY PAYMENTS: 8 936,954.41
(C) THREE OR MORE MONTHLY PAYMENTS: 13 1,999,670.95
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 409,238,424.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,072
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 8,168,241.42
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.35218460 % 5.36933000 % 1.27848520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.21947170 % 5.47548224 % 1.30400810 %
BANKRUPTCY AMOUNT AVAILABLE 183,581.00
FRAUD AMOUNT AVAILABLE 8,559,760.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,279,880.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.03147976
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.80
POOL TRADING FACTOR: 95.61913773
................................................................................
Run: 12/01/98 15:51:28 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS11(POOL # 4319)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4319
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FWH2 112,117,000.00 105,105,361.30 6.750000 % 7,044,620.24
A-2 76110FWJ8 47,967,000.00 47,967,000.00 6.750000 % 0.00
A-3 76110FWK5 67,521,000.00 67,521,000.00 6.750000 % 0.00
A-4 76110FWL3 30,346,000.00 30,346,000.00 6.750000 % 0.00
A-5 76110FWM1 45,610,000.00 45,610,000.00 6.750000 % 0.00
A-6 76110FWN9 28,628,000.00 28,628,000.00 6.750000 % 0.00
A-7 76110FWP4 16,219,000.00 16,219,000.00 6.143750 % 0.00
A-8 76110FWQ2 5,046,000.00 5,046,000.00 8.699119 % 0.00
A-9 76110FWR0 96,429,000.00 96,429,000.00 6.750000 % 0.00
A-10 76110FWS8 62,872.89 62,721.77 0.000000 % 61.07
A-11 76110FWT6 0.00 0.00 0.906048 % 0.00
R 76110FWU3 100.00 0.00 6.750000 % 0.00
M-1 76110FWV1 13,198,800.00 13,180,521.92 6.750000 % 9,215.30
M-2 76110FWW9 6,000,000.00 5,991,691.02 6.750000 % 4,189.15
M-3 76110FWX7 4,799,500.00 4,792,853.51 6.750000 % 3,350.97
B-1 76110FWY5 2,639,600.00 2,635,944.61 6.750000 % 1,842.95
B-2 76110FWZ2 1,439,500.00 1,437,506.54 6.750000 % 1,005.05
B-3 76110FXA6 1,919,815.88 1,917,157.28 6.750000 % 1,340.40
- -------------------------------------------------------------------------------
479,943,188.77 472,889,757.95 7,065,625.13
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 591,022.99 7,635,643.23 0.00 0.00 98,060,741.06
A-2 269,725.54 269,725.54 0.00 0.00 47,967,000.00
A-3 379,680.57 379,680.57 0.00 0.00 67,521,000.00
A-4 170,640.04 170,640.04 0.00 0.00 30,346,000.00
A-5 256,471.77 256,471.77 0.00 0.00 45,610,000.00
A-6 160,979.48 160,979.48 0.00 0.00 28,628,000.00
A-7 83,010.56 83,010.56 0.00 0.00 16,219,000.00
A-8 36,567.75 36,567.75 0.00 0.00 5,046,000.00
A-9 542,234.53 542,234.53 0.00 0.00 96,429,000.00
A-10 0.00 61.07 0.00 0.00 62,660.70
A-11 356,933.24 356,933.24 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 74,116.03 83,331.33 0.00 0.00 13,171,306.62
M-2 33,692.16 37,881.31 0.00 0.00 5,987,501.87
M-3 26,950.92 30,301.89 0.00 0.00 4,789,502.54
B-1 14,822.31 16,665.26 0.00 0.00 2,634,101.66
B-2 8,083.31 9,088.36 0.00 0.00 1,436,501.49
B-3 10,780.46 12,120.86 0.00 0.00 1,915,816.88
- -------------------------------------------------------------------------------
3,015,711.66 10,081,336.79 0.00 0.00 465,824,132.82
===============================================================================
Run: 12/01/98 15:51:28
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS11(POOL # 4319)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4319
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 937.461414 62.832757 5.271484 68.104241 0.000000 874.628656
A-2 1000.000000 0.000000 5.623148 5.623148 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623148 5.623148 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623148 5.623148 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623148 5.623148 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623148 5.623148 0.000000 1000.000000
A-7 1000.000000 0.000000 5.118106 5.118106 0.000000 1000.000000
A-8 1000.000000 0.000000 7.246879 7.246879 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623148 5.623148 0.000000 1000.000000
A-10 997.596420 0.971325 0.000000 0.971325 0.000000 996.625096
A-11 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.615171 0.698192 5.615361 6.313553 0.000000 997.916979
M-2 998.615170 0.698192 5.615360 6.313552 0.000000 997.916978
M-3 998.615170 0.698191 5.615360 6.313551 0.000000 997.916979
B-1 998.615173 0.698193 5.615362 6.313555 0.000000 997.916980
B-2 998.615172 0.698194 5.615359 6.313553 0.000000 997.916978
B-3 998.615180 0.698192 5.615361 6.313553 0.000000 997.916988
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:51:29 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS11 (POOL # 4319)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4319
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 97,838.90
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 11,870.26
SUBSERVICER ADVANCES THIS MONTH 156,568.56
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 137 17,696,709.39
(B) TWO MONTHLY PAYMENTS: 19 3,597,698.28
(C) THREE OR MORE MONTHLY PAYMENTS: 4 359,450.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 465,824,132.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,484
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 6,734,989.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.66455960 % 5.06846400 % 1.26697670 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.57294820 % 5.14106276 % 1.28529740 %
BANKRUPTCY AMOUNT AVAILABLE 158,980.00
FRAUD AMOUNT AVAILABLE 9,598,864.00
SPECIAL HAZARD AMOUNT AVAILABLE 48,007,788.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.98295895
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.59
POOL TRADING FACTOR: 97.05818183
................................................................................
Run: 12/01/98 15:54:23 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS12(POOL # 4321)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4321
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FXN8 188,037,444.00 187,341,517.20 7.000000 % 1,662,210.93
CB-2 76110FXP8 6,964,350.00 6,938,574.93 0.000000 % 61,563.37
NB-1 76110FXQ1 25,499,800.00 25,344,861.04 6.750000 % 663,976.57
NB-2 76110FXR9 7,423,000.00 7,423,000.00 6.750000 % 0.00
NB-3 76110FXS7 21,430,159.00 21,430,159.00 6.750000 % 0.00
NB-4 76110FXT5 4,020,000.00 4,020,000.00 6.750000 % 0.00
NB-5 76110FXU2 10,500,000.00 10,500,000.00 6.750000 % 0.00
NB-6 76110FXV0 0.00 0.00 0.350000 % 0.00
NB-7 76110FXW8 15,249,000.00 15,167,999.21 6.400000 % 346,673.88
NB-8 76110FXX6 20,899,000.00 20,810,017.16 6.100000 % 380,836.13
NB-9 76110FXY4 0.00 0.00 0.650000 % 0.00
A-P 76110FXZ1 58,061.92 58,007.75 0.000000 % 53.16
A-V 76110FYA5 0.00 0.00 0.860099 % 0.00
R-I 76110FYB3 100.00 0.00 6.750000 % 0.00
R-II 76110FYC1 100.00 0.00 6.750000 % 0.00
M-1 76110FYD9 8,802,500.00 8,796,392.71 6.750000 % 6,126.43
M-2 76110FYE7 4,001,000.00 3,998,224.05 6.750000 % 2,784.65
M-3 76110FYF4 3,201,000.00 3,198,779.10 6.750000 % 2,227.86
B-1 76110FYG2 1,760,300.00 1,759,078.68 6.750000 % 1,225.15
B-2 76110FYH0 960,000.00 959,333.94 6.750000 % 668.15
B-3 76110FYJ6 1,280,602.22 1,279,713.73 6.750000 % 891.28
- -------------------------------------------------------------------------------
320,086,417.14 319,025,658.50 3,129,237.56
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,092,581.38 2,754,792.31 0.00 0.00 185,679,306.27
CB-2 0.00 61,563.37 0.00 0.00 6,877,011.56
NB-1 142,552.31 806,528.88 0.00 0.00 24,680,884.47
NB-2 41,750.71 41,750.71 0.00 0.00 7,423,000.00
NB-3 120,534.05 120,534.05 0.00 0.00 21,430,159.00
NB-4 22,610.51 22,610.51 0.00 0.00 4,020,000.00
NB-5 59,057.31 59,057.31 0.00 0.00 10,500,000.00
NB-6 4,423.61 4,423.61 0.00 0.00 0.00
NB-7 80,888.89 427,562.77 0.00 0.00 14,821,325.33
NB-8 105,774.95 486,611.08 0.00 0.00 20,429,181.03
NB-9 11,271.10 11,271.10 0.00 0.00 0.00
A-P 0.00 53.16 0.00 0.00 57,954.59
A-V 228,621.01 228,621.01 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 49,469.82 55,596.25 0.00 0.00 8,790,266.28
M-2 22,485.51 25,270.16 0.00 0.00 3,995,439.40
M-3 17,989.53 20,217.39 0.00 0.00 3,196,551.24
B-1 9,892.84 11,117.99 0.00 0.00 1,757,853.53
B-2 5,395.17 6,063.32 0.00 0.00 958,665.79
B-3 7,196.95 8,088.23 0.00 0.00 1,278,822.46
- -------------------------------------------------------------------------------
2,022,495.65 5,151,733.21 0.00 0.00 315,896,420.95
===============================================================================
Run: 12/01/98 15:54:23
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS12(POOL # 4321)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4321
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 996.298999 8.839787 5.810446 14.650233 0.000000 987.459212
CB-2 996.298998 8.839787 0.000000 8.839787 0.000000 987.459212
NB-1 993.923915 26.038501 5.590331 31.628832 0.000000 967.885414
NB-2 1000.000000 0.000000 5.624506 5.624506 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624506 5.624506 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.624505 5.624505 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.624506 5.624506 0.000000 1000.000000
NB-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-7 994.688124 22.734204 5.304537 28.038741 0.000000 971.953920
NB-8 995.742244 18.222696 5.061245 23.283941 0.000000 977.519548
NB-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-P 999.067031 0.915569 0.000000 0.915569 0.000000 998.151462
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.306187 0.695988 5.619974 6.315962 0.000000 998.610199
M-2 999.306186 0.695989 5.619973 6.315962 0.000000 998.610198
M-3 999.306186 0.695989 5.619972 6.315961 0.000000 998.610197
B-1 999.306186 0.695989 5.619974 6.315963 0.000000 998.610197
B-2 999.306188 0.695990 5.619969 6.315959 0.000000 998.610198
B-3 999.306194 0.695985 5.619973 6.315958 0.000000 998.610214
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:54:24 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS12 (POOL # 4321)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4321
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 66,252.69
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 15,135.80
SUBSERVICER ADVANCES THIS MONTH 137,017.18
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 122 18,105,638.41
(B) TWO MONTHLY PAYMENTS: 9 879,337.10
(C) THREE OR MORE MONTHLY PAYMENTS: 1 224,950.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 315,896,420.95
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,188
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 2,907,035.41
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.71538640 % 5.01320000 % 1.25323030 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.67474170 % 5.05933460 % 1.26499530 %
BANKRUPTCY AMOUNT AVAILABLE 171,854.00
FRAUD AMOUNT AVAILABLE 6,401,728.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,200,864.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.93706000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.52
POOL TRADING FACTOR: 98.69097970
................................................................................
Run: 12/01/98 15:54:26 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS13(POOL # 4322)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4322
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB 112,514,000.00 112,002,292.63 6.500000 % 1,260,932.22
NB 37,758,000.00 37,619,587.18 6.500000 % 381,105.47
A-P 53,454.22 53,252.43 0.000000 % 182.87
A-V 0.00 0.00 0.852781 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 4,083,000.00 4,070,265.51 6.500000 % 12,750.32
M-2 706,500.00 704,296.49 6.500000 % 2,206.24
M-3 628,000.00 626,041.33 6.500000 % 1,961.11
B-1 471,000.00 469,531.00 6.500000 % 1,470.83
B-2 314,000.00 313,020.66 6.500000 % 980.55
B-3 471,221.05 469,751.37 6.500000 % 1,471.52
- -------------------------------------------------------------------------------
156,999,275.27 156,328,038.60 1,663,061.13
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 606,192.38 1,867,124.60 0.00 0.00 110,741,360.41
NB 203,609.28 584,714.75 0.00 0.00 37,238,481.71
A-P 0.00 182.87 0.00 0.00 53,069.56
A-V 111,005.47 111,005.47 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 22,029.58 34,779.90 0.00 0.00 4,057,515.19
M-2 3,811.88 6,018.12 0.00 0.00 702,090.25
M-3 3,388.34 5,349.45 0.00 0.00 624,080.22
B-1 2,541.25 4,012.08 0.00 0.00 468,060.17
B-2 1,694.17 2,674.72 0.00 0.00 312,040.11
B-3 2,542.45 4,013.97 0.00 0.00 468,279.85
- -------------------------------------------------------------------------------
956,814.80 2,619,875.93 0.00 0.00 154,664,977.47
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 995.452056 11.206892 5.387706 16.594598 0.000000 984.245164
NB 996.334212 10.093370 5.392481 15.485851 0.000000 986.240842
A-P 996.224994 3.420996 0.000000 3.420996 0.000000 992.803998
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.881095 3.122782 5.395440 8.518222 0.000000 993.758313
M-2 996.881090 3.122774 5.395442 8.518216 0.000000 993.758316
M-3 996.881099 3.122787 5.395446 8.518233 0.000000 993.758312
B-1 996.881104 3.122781 5.395435 8.518216 0.000000 993.758323
B-2 996.881083 3.122771 5.395446 8.518217 0.000000 993.758312
B-3 996.881124 3.122781 5.395451 8.518232 0.000000 993.758336
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:54:27 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS13 (POOL # 4322)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4322
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 32,408.56
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,057.72
SUBSERVICER ADVANCES THIS MONTH 54,664.12
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 49 5,483,152.72
(B) TWO MONTHLY PAYMENTS: 1 450,000.00
(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 154,664,977.47
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,402
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 1,173,342.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.71020090 % 3.45466100 % 0.80107390 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.71050780 % 3.48086926 % 0.80742820 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,569,993.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,620,356.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.67960000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 173.64
POOL TRADING FACTOR: 98.51317925
................................................................................
Run: 12/01/98 15:52:25 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS14(POOL # 4335)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4335
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FYK3 104,208,000.00 104,208,000.00 6.750000 % 0.00
A-2 76110FYL1 97,975,000.00 97,975,000.00 6.500000 % 1,724,211.74
A-3 76110FYM9 46,000,000.00 46,000,000.00 6.250000 % 809,530.43
A-4 76110FYN7 37,995,000.00 37,995,000.00 8.000000 % 668,654.54
A-5 76110FYP2 25,759,000.00 25,759,000.00 6.750000 % 0.00
A-6 76110FYQ0 88,071,000.00 88,071,000.00 6.750000 % 0.00
A-P 76110FYR8 95,321.30 95,321.30 0.000000 % 101.39
A-V 76110FYS6 0.00 0.00 0.843517 % 0.00
R 76110FYT4 100.00 100.00 6.750000 % 100.00
M-1 76110FYU1 12,410,000.00 12,410,000.00 6.750000 % 24,605.56
M-2 76110FYV9 5,563,000.00 5,563,000.00 6.750000 % 11,029.87
M-3 76110FYW7 4,279,000.00 4,279,000.00 6.750000 % 8,484.06
B-1 76110FYX5 2,567,500.00 2,567,500.00 6.750000 % 5,090.63
B-2 76110FYY3 1,283,800.00 1,283,800.00 6.750000 % 2,545.42
B-3 76110FYZ0 1,711,695.86 1,711,695.86 6.750000 % 3,393.82
- -------------------------------------------------------------------------------
427,918,417.16 427,918,417.16 3,257,747.46
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 586,069.47 586,069.47 0.00 0.00 104,208,000.00
A-2 530,606.90 2,254,818.64 0.00 0.00 96,250,788.26
A-3 239,542.24 1,049,072.67 0.00 0.00 45,190,469.57
A-4 253,256.56 921,911.10 0.00 0.00 37,326,345.46
A-5 144,869.53 144,869.53 0.00 0.00 25,759,000.00
A-6 495,314.41 495,314.41 0.00 0.00 88,071,000.00
A-P 0.00 101.39 0.00 0.00 95,219.91
A-V 300,745.29 300,745.29 0.00 0.00 0.00
R 0.56 100.56 0.00 0.00 0.00
M-1 69,794.28 94,399.84 0.00 0.00 12,385,394.44
M-2 31,286.51 42,316.38 0.00 0.00 5,551,970.13
M-3 24,065.25 32,549.31 0.00 0.00 4,270,515.94
B-1 14,439.71 19,530.34 0.00 0.00 2,562,409.37
B-2 7,220.14 9,765.56 0.00 0.00 1,281,254.58
B-3 9,626.64 13,020.46 0.00 0.00 1,708,302.04
- -------------------------------------------------------------------------------
2,706,837.49 5,964,584.95 0.00 0.00 424,660,669.70
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 0.000000 5.624035 5.624035 0.000000 1000.000000
A-2 1000.000000 17.598487 5.415738 23.014225 0.000000 982.401513
A-3 1000.000000 17.598488 5.207440 22.805928 0.000000 982.401512
A-4 1000.000000 17.598488 6.665523 24.264011 0.000000 982.401512
A-5 1000.000000 0.000000 5.624035 5.624035 0.000000 1000.000000
A-6 1000.000000 0.000000 5.624035 5.624035 0.000000 1000.000000
A-P 1000.000000 1.063666 0.000000 1.063666 0.000000 998.936334
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.600000 1005.600000 0.000000 0.000000
M-1 1000.000000 1.982720 5.624035 7.606755 0.000000 998.017280
M-2 1000.000000 1.982720 5.624036 7.606756 0.000000 998.017280
M-3 1000.000000 1.982720 5.624036 7.606756 0.000000 998.017280
B-1 1000.000000 1.982719 5.624035 7.606754 0.000000 998.017281
B-2 1000.000000 1.982723 5.624038 7.606761 0.000000 998.017277
B-3 1000.000000 1.982718 5.624037 7.606755 0.000000 998.017279
_______________________________________________________________________________
DETERMINATION DATE 20-November-98
DISTRIBUTION DATE 25-November-98
Run: 12/01/98 15:52:25 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS14 (POOL # 4335)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4335
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 88,651.56
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 16,623.25
SUBSERVICER ADVANCES THIS MONTH 105,512.67
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 129 16,123,987.65
(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 424,660,669.70
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,196
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 2,409,411.48
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 550,931.68
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.49848190 % 5.20121500 % 1.30030280 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.46158610 % 5.22955906 % 1.30768200 %
BANKRUPTCY AMOUNT AVAILABLE 190,375.00
FRAUD AMOUNT AVAILABLE 8,558,368.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,279,184.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.91884132
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.58
POOL TRADING FACTOR: 99.23869894
................................................................................
