SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
August 25, 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
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the August 1998 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
<PAGE>
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
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: August 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: August 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 8,614,953.75 6.900000 % 4,411,949.45
A-3 76110FAC7 22,250,000.00 22,250,000.00 7.300000 % 0.00
A-4 76110FAD5 46,000,000.00 46,000,000.00 7.500000 % 0.00
A-5 76110FAE3 22,100,000.00 22,100,000.00 7.500000 % 0.00
A-6 76110FAF0 31,109,000.00 31,109,000.00 7.500000 % 0.00
R 514.42 2,326,135.63 0.000000 % 0.00
- -------------------------------------------------------------------------------
258,459,514.42 132,400,089.38 4,411,949.45
===============================================================================
_______________________________________________________________________________
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 49,535.98 4,461,485.43 0.00 0.00 4,203,004.30
A-3 135,354.17 135,354.17 0.00 0.00 22,250,000.00
A-4 287,500.00 287,500.00 0.00 0.00 46,000,000.00
A-5 138,125.00 138,125.00 0.00 0.00 22,100,000.00
A-6 194,431.25 194,431.25 0.00 0.00 31,109,000.00
R 164,933.20 164,933.20 0.00 0.00 2,326,135.63
- -------------------------------------------------------------------------------
969,879.60 5,381,829.05 0.00 0.00 127,988,139.93
===============================================================================
_______________________________________________________________________________
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-2 104.423682 53.478175 0.600436 54.078611 0.000000 50.945507
A-3 1000.000000 0.000000 6.083333 6.083333 0.000000 1000.000000
A-4 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-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 26,917.14
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 144.28
SUBSERVICER ADVANCES THIS MONTH 69,183.57
MASTER SERVICER ADVANCES THIS MONTH 8,996.68
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 3,661,874.84
(B) TWO MONTHLY PAYMENTS: 8 839,956.21
(C) THREE OR MORE MONTHLY PAYMENTS: 1 167,984.30
FORECLOSURES
NUMBER OF LOANS 25
AGGREGATE PRINCIPAL BALANCE 3,295,209.59
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 127,988,139.93
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,489
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 8
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,102,721.20
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,257,850.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.24310120 % 1.75689880 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.18253810 % 1.81746190 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.32737928
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 292.70
POOL TRADING FACTOR: 49.51960860
................................................................................
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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 13,685,208.91 6.250000 % 4,922,677.10
A-I-3 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
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 12,129,445.05 5.797700 % 226,203.85
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 135,207,384.44 5,148,880.95
===============================================================================
_______________________________________________________________________________
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 71,277.13 4,993,954.23 0.00 0.00 8,762,531.81
A-I-3 126,911.25 126,911.25 0.00 0.00 22,562,000.00
A-I-4 183,149.00 183,149.00 0.00 0.00 31,852,000.00
A-I-5 85,393.13 85,393.13 0.00 0.00 14,535,000.00
A-I-6 111,270.20 111,270.20 0.00 0.00 18,417,136.00
A-I-7 111,666.67 111,666.67 0.00 0.00 20,000,000.00
A-II 62,956.03 289,159.88 0.00 0.00 11,903,241.20
R 187,348.74 187,348.74 0.00 0.00 2,026,594.48
- -------------------------------------------------------------------------------
939,972.15 6,088,853.10 0.00 0.00 130,058,503.49
===============================================================================
_______________________________________________________________________________
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-2 203.691378 73.269388 1.060893 74.330281 0.000000 130.421990
A-I-3 1000.000000 0.000000 5.625000 5.625000 0.000000 1000.000000
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 412.917728 7.700565 2.143186 9.843751 0.000000 405.217163
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-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 28,420.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 65,722.34
MASTER SERVICER ADVANCES THIS MONTH 19,935.46
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 2,815,298.34
(B) TWO MONTHLY PAYMENTS: 9 1,296,959.16
(C) THREE OR MORE MONTHLY PAYMENTS: 5 483,381.04
FORECLOSURES
NUMBER OF LOANS 17
AGGREGATE PRINCIPAL BALANCE 3,432,681.94
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 130,058,503.49
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,188
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 2,467,477.18
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,008,177.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.50112150 % 1.49887860 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.44178240 % 1.55821760 %
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 0.00000000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 0.00
POOL TRADING FACTOR: 50.81559509
................................................................................
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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 17,570,246.05 7.050000 % 2,380,269.00
A-4 76110FAV5 15,000,000.00 15,000,000.00 7.050000 % 0.00
A-5 76110FAW3 14,000,000.00 14,000,000.00 7.350000 % 0.00
A-6 76110FAX1 10,000,000.00 10,000,000.00 7.450000 % 0.00
A-7 76110FAY9 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-8 76110FAZ6 14,043,411.00 14,043,411.00 7.500000 % 0.00
A-9 76110FBA0 18,190,000.00 18,190,000.00 7.500000 % 0.00
A-10 76110FBB8 178,007.00 132,456.36 0.000000 % 939.22
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 116,755,227.59 2,381,208.22
===============================================================================
_______________________________________________________________________________
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-3 103,225.20 2,483,494.20 0.00 0.00 15,189,977.05
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 0.00 939.22 0.00 0.00 131,517.14
R 114,735.52 114,735.52 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
812,461.20 3,193,669.42 0.00 0.00 114,374,019.37
===============================================================================
_______________________________________________________________________________
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-3 616.499861 83.518211 3.621937 87.140148 0.000000 532.981651
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-10 744.107591 5.276309 0.000000 5.276309 0.000000 738.831282
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-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 24,047.41
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 698.26
SUBSERVICER ADVANCES THIS MONTH 64,251.59
MASTER SERVICER ADVANCES THIS MONTH 6,347.37
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 4,269,242.36
(B) TWO MONTHLY PAYMENTS: 11 1,702,559.83
(C) THREE OR MORE MONTHLY PAYMENTS: 2 485,933.57
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,607,665.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 114,374,019.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,163
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 830,488.96
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,259,279.59
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.44194200 % 1.55805800 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.40950400 % 1.59049600 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78492782
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 308.41
POOL TRADING FACTOR: 62.87346920
................................................................................
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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 5,258,806.71 7.290000 % 1,354,366.96
A-I-4 76110FBF9 25,000,000.00 9,334,431.54 7.250000 % 2,404,014.14
A-I-5 76110FBG7 18,587,000.00 18,587,000.00 7.460000 % 0.00
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 14,839,351.87 7.750000 % 71,523.27
A-P 76110FBQ5 1,166,695.86 939,555.51 0.000000 % 1,900.87
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 12,218,443.91 7.750000 % 12,344.16
M-2 76110FBU6 5,568,000.00 5,430,202.77 7.750000 % 5,486.07
M-3 76110FBV4 4,176,000.00 4,072,652.09 7.750000 % 4,114.56
B-1 1,809,600.00 1,764,815.89 7.750000 % 1,782.97
B-2 696,000.00 678,775.34 7.750000 % 685.76
B-3 1,670,738.96 1,490,551.47 7.750000 % 1,505.89
SPRED 0.00 0.00 0.697404 % 0.00
A-V 7611OFHY2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 181,814,149.10 3,857,724.65
===============================================================================
_______________________________________________________________________________
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 31,935.20 1,386,302.16 0.00 0.00 3,904,439.75
A-I-4 56,374.25 2,460,388.39 0.00 0.00 6,930,417.40
A-I-5 115,505.61 115,505.61 0.00 0.00 18,587,000.00
A-I-6 140,067.16 140,067.16 0.00 0.00 21,696,000.00
A-I-7 51,950.61 51,950.61 0.00 0.00 8,047,000.00
A-I-8 112,565.04 112,565.04 0.00 0.00 17,436,000.00
A-I-9 162,333.55 162,333.55 0.00 0.00 25,145,000.00
A-I-10 122,662.06 122,662.06 0.00 0.00 19,000,000.00
A-I-11 102,491.01 102,491.01 0.00 0.00 15,875,562.00
A-II 95,801.34 167,324.61 0.00 0.00 14,767,828.60
A-P 0.00 1,900.87 0.00 0.00 937,654.64
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 78,881.02 91,225.18 0.00 0.00 12,206,099.75
M-2 35,056.84 40,542.91 0.00 0.00 5,424,716.70
M-3 26,292.62 30,407.18 0.00 0.00 4,068,537.53
B-1 11,393.47 13,176.44 0.00 0.00 1,763,032.92
B-2 4,382.11 5,067.87 0.00 0.00 678,089.58
B-3 9,622.85 11,128.74 0.00 0.00 1,488,935.57
SPRED 105,625.08 105,625.08 0.00 0.00 0.00
A-V 10,393.16 10,393.16 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,273,332.98 5,131,057.63 0.00 0.00 177,956,314.44
===============================================================================
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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-3 496.301124 127.818701 3.013892 130.832593 0.000000 368.482423
A-I-4 373.377262 96.160566 2.254970 98.415536 0.000000 277.216696
A-I-5 1000.000000 0.000000 6.214322 6.214322 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.455898 6.455898 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.455898 6.455898 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.455898 6.455898 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.455898 6.455898 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.455898 6.455898 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.455898 6.455898 0.000000 1000.000000
A-II 722.059053 3.480208 4.661539 8.141747 0.000000 718.578846
A-P 805.313143 1.629278 0.000000 1.629278 0.000000 803.683865
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-1 975.251938 0.985286 6.296126 7.281412 0.000000 974.266652
M-2 975.251934 0.985286 6.296128 7.281414 0.000000 974.266649
M-3 975.251937 0.985287 6.296125 7.281412 0.000000 974.266650
B-1 975.251929 0.985284 6.296126 7.281410 0.000000 974.266645
B-2 975.251925 0.985287 6.296135 7.281422 0.000000 974.266638
B-3 892.151022 0.901332 5.759637 6.660969 0.000000 891.183846
SPRED 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:34:46 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 37,718.03
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 57,467.67
MASTER SERVICER ADVANCES THIS MONTH 190.85
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 4,114,610.47
(B) TWO MONTHLY PAYMENTS: 8 1,269,374.37
(C) THREE OR MORE MONTHLY PAYMENTS: 1 22,076.09
FORECLOSURES
NUMBER OF LOANS 19
AGGREGATE PRINCIPAL BALANCE 1,719,745.75
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 177,956,314.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,754
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 23,060.83
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,664,974.74
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.37242720 % 11.94697900 % 2.16382650 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 85.52163250 % 12.19364092 % 2.22013770 %
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 8.73381700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 307.33
POOL TRADING FACTOR: 63.92000285
................................................................................
Run: 08/31/98 15:34:49 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-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 5,622,095.81 11.000000 % 964,019.57
A-I-3 76110FBY8 15,646,000.00 0.00 7.300000 % 0.00
A-I-4 76110FBZ5 32,740,000.00 27,718,881.59 7.500000 % 5,783,764.11
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 7,894,844.85 7.250000 % 614,573.58
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,308,176.35 0.000000 % 45,534.86
A-V 76110FGN7 0.00 0.00 0.757067 % 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 12,925,951.53 8.000000 % 14,268.40
M-2 76110FCN1 5,570,800.00 5,442,567.60 8.000000 % 6,007.81
M-3 76110FCP6 4,456,600.00 4,354,015.02 8.000000 % 4,806.21
B-1 76110FCR2 2,228,400.00 2,177,105.21 8.000000 % 2,403.21
B-2 76110FCS0 696,400.00 680,369.79 8.000000 % 751.03
B-3 76110FCT8 1,671,255.97 1,112,684.27 8.000000 % 516.75
STRIP 0.00 0.00 0.133651 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 180,612,692.02 7,436,645.53
===============================================================================
_______________________________________________________________________________
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 51,138.45 1,015,158.02 0.00 0.00 4,658,076.24
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 171,907.01 5,955,671.12 0.00 0.00 21,935,117.48
A-I-5 63,818.28 63,818.28 0.00 0.00 10,023,000.00
A-I-6 177,361.61 177,361.61 0.00 0.00 26,811,000.00
A-I-7 119,378.90 119,378.90 0.00 0.00 18,046,000.00
A-I-8 60,159.14 60,159.14 0.00 0.00 9,094,000.00
A-I-9 68,031.29 68,031.29 0.00 0.00 10,284,000.00
A-I-10 179,893.76 179,893.76 0.00 0.00 27,538,000.00
A-II-1 47,330.19 661,903.77 0.00 0.00 7,280,271.27
A-II-2 54,275.69 54,275.69 0.00 0.00 8,580,000.00
A-P 0.00 45,534.86 0.00 0.00 2,262,641.49
A-V 113,067.92 113,067.92 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 85,508.47 99,776.87 0.00 0.00 12,911,683.13
M-2 36,003.97 42,011.78 0.00 0.00 5,436,559.79
M-3 28,802.92 33,609.13 0.00 0.00 4,349,208.81
B-1 14,402.10 16,805.31 0.00 0.00 2,174,702.00
B-2 4,500.82 5,251.85 0.00 0.00 679,618.76
B-3 7,360.70 7,877.45 0.00 0.00 1,110,329.65
STRIP 9,656.61 9,656.61 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,292,597.83 8,729,243.36 0.00 0.00 173,174,208.62
===============================================================================
Run: 08/31/98 15:34:49
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-2 208.650800 35.777308 1.897883 37.675191 0.000000 172.873492
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 846.636579 176.657425 5.250672 181.908097 0.000000 669.979153
A-I-5 1000.000000 0.000000 6.367183 6.367183 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.615255 6.615255 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.615255 6.615255 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.615256 6.615256 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.615256 6.615256 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.532564 6.532564 0.000000 1000.000000
A-II-1 492.781028 38.360501 2.954259 41.314760 0.000000 454.420527
A-II-2 1000.000000 0.000000 6.325838 6.325838 0.000000 1000.000000
A-P 759.358962 14.980355 0.000000 14.980355 0.000000 744.378608
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-1 976.981333 1.078448 6.462981 7.541429 0.000000 975.902886
M-2 976.981331 1.078447 6.462980 7.541427 0.000000 975.902885
M-3 976.981336 1.078448 6.462981 7.541429 0.000000 975.902888
B-1 976.981336 1.078446 6.462978 7.541424 0.000000 975.902890
B-2 976.981318 1.078446 6.462981 7.541427 0.000000 975.902872
B-3 665.777290 0.309199 4.404292 4.713491 0.000000 664.368394
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:34:51 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4216
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 36,755.61
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 40,596.44
MASTER SERVICER ADVANCES THIS MONTH 7,264.43
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 2,930,063.61
(B) TWO MONTHLY PAYMENTS: 7 894,901.71
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,021,516.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 173,174,208.62
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,855
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 872,775.96
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,232,421.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.94306100 % 12.58080700 % 2.19816180 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.40005990 % 13.10671601 % 2.31970870 %
BANKRUPTCY AMOUNT AVAILABLE 205,069.00
FRAUD AMOUNT AVAILABLE 3,159,391.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,785,358.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.97817600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 300.62
POOL TRADING FACTOR: 62.17305365
................................................................................
Run: 08/31/98 15:34:54 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS5(POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4222
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FCU5 23,848,000.00 4,485,929.63 9.500000 % 859,180.75
A-I-2 76110FCV3 25,000,000.00 8,010,358.94 7.600000 % 1,061,880.06
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 6,037,763.26 7.600000 % 2,160,633.91
A-I-6 76110FCZ4 5,558,000.00 5,558,000.00 7.800000 % 0.00
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 6,149,679.87 8.000000 % 420,893.01
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 867,194.72 0.000000 % 1,295.22
A-V 76110FGP2 0.00 0.00 0.864307 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,752,277.60 8.000000 % 8,170.48
M-2 76110FDK6 3,958,800.00 3,875,698.27 8.000000 % 4,084.78
M-3 76110FDL4 2,815,100.00 2,756,006.41 8.000000 % 2,904.68
B-1 76110FDM2 1,407,600.00 1,378,052.15 8.000000 % 1,452.39
B-2 76110FDN0 439,800.00 430,567.88 8.000000 % 453.80
B-3 76110FDP5 1,055,748.52 997,099.13 8.000000 % 1,050.89
- -------------------------------------------------------------------------------
175,944,527.21 110,363,627.86 4,521,999.97
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 35,213.12 894,393.87 0.00 0.00 3,626,748.88
A-I-2 50,303.01 1,112,183.07 0.00 0.00 6,948,478.88
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 37,915.62 2,198,549.53 0.00 0.00 3,877,129.35
A-I-6 35,821.32 35,821.32 0.00 0.00 5,558,000.00
A-I-7 111,885.22 111,885.22 0.00 0.00 16,926,000.00
A-I-8 45,505.01 45,505.01 0.00 0.00 6,884,000.00
A-I-9 74,226.58 74,226.58 0.00 0.00 11,229,000.00
A-I-10 148,737.41 148,737.41 0.00 0.00 22,501,000.00
A-II-1 40,650.97 461,543.98 0.00 0.00 5,728,786.86
A-II-2 29,911.42 29,911.42 0.00 0.00 4,525,000.00
A-P 0.00 1,295.22 0.00 0.00 865,899.50
A-V 78,817.45 78,817.45 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 51,244.55 59,415.03 0.00 0.00 7,744,107.12
M-2 25,619.37 29,704.15 0.00 0.00 3,871,613.49
M-3 18,217.92 21,122.60 0.00 0.00 2,753,101.73
B-1 9,109.28 10,561.67 0.00 0.00 1,376,599.76
B-2 2,846.16 3,299.96 0.00 0.00 430,114.08
B-3 6,591.08 7,641.97 0.00 0.00 996,048.26
- -------------------------------------------------------------------------------
802,615.49 5,324,615.46 0.00 0.00 105,841,627.91
===============================================================================
Run: 08/31/98 15:34:54
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-1 188.105067 36.027371 1.476565 37.503936 0.000000 152.077695
A-I-2 320.414358 42.475202 2.012120 44.487322 0.000000 277.939155
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-5 595.616382 213.143327 3.740320 216.883647 0.000000 382.473054
A-I-6 1000.000000 0.000000 6.445002 6.445002 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.610258 6.610258 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.610257 6.610257 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.610257 6.610257 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.610258 6.610258 0.000000 1000.000000
A-II-1 550.947847 37.707670 3.641907 41.349577 0.000000 513.240177
A-II-2 1000.000000 0.000000 6.610259 6.610259 0.000000 1000.000000
A-P 784.168036 1.171211 0.000000 1.171211 0.000000 782.996825
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-1 979.008348 1.031822 6.471497 7.503319 0.000000 977.976526
M-2 979.008354 1.031823 6.471499 7.503322 0.000000 977.976531
M-3 979.008351 1.031821 6.471500 7.503321 0.000000 977.976530
B-1 979.008348 1.031820 6.471498 7.503318 0.000000 977.976527
B-2 979.008367 1.031833 6.471487 7.503320 0.000000 977.976535
B-3 944.447575 0.995398 6.243040 7.238438 0.000000 943.452193
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:34:55 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 22,368.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 44,939.42
MASTER SERVICER ADVANCES THIS MONTH 4,530.10
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 3,487,844.71
(B) TWO MONTHLY PAYMENTS: 6 838,279.88
(C) THREE OR MORE MONTHLY PAYMENTS: 1 35,714.19
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,122,619.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 105,841,627.91
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,134
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 548,199.75
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,400,246.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.63872550 % 13.03326300 % 2.54224990 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.64232890 % 13.57577602 % 2.66991440 %
BANKRUPTCY AMOUNT AVAILABLE 125,000.00
FRAUD AMOUNT AVAILABLE 3,518,891.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,900,000.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.13244400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 305.53
POOL TRADING FACTOR: 60.15624901
................................................................................
Run: 08/31/98 15:34:59 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 9,782,012.99 6.056250 % 1,071,680.97
A-I-3 76110FDS9 0.00 0.00 2.943750 % 0.00
A-I-4 76110FDT7 13,330,948.00 0.00 7.125000 % 0.00
A-I-5 76110FDU4 24,973,716.00 18,036,103.78 7.600000 % 2,679,202.61
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 14,495,777.02 8.000000 % 147,341.04
A-P 76110FED1 601,147.92 460,740.29 0.000000 % 25,031.44
A-V 76110FGQ0 0.00 0.00 0.806965 % 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 8,955,200.35 8.000000 % 39,162.91
M-2 76110FEH2 5,126,400.00 5,036,747.54 8.000000 % 22,026.72
M-3 76110FEJ8 3,645,500.00 3,581,746.06 8.000000 % 15,663.70
B-1 1,822,700.00 1,790,823.93 8.000000 % 7,831.64
B-2 569,600.00 559,638.63 8.000000 % 2,447.41
B-3 1,366,716.75 1,306,408.01 8.000000 % 5,713.19
- -------------------------------------------------------------------------------
227,839,864.67 147,760,897.60 4,016,101.63
===============================================================================
_______________________________________________________________________________
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 49,314.88 1,120,995.85 0.00 0.00 8,710,332.02
A-I-3 23,970.39 23,970.39 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 114,104.36 2,793,306.97 0.00 0.00 15,356,901.17
A-I-6 494.74 494.74 0.00 0.00 0.00
A-I-7 6,409.69 6,409.69 0.00 0.00 1,000,000.00
A-I-8 61,146.46 61,146.46 0.00 0.00 9,539,699.00
A-I-9 150,009.91 150,009.91 0.00 0.00 22,526,000.00
A-I-10 77,582.15 77,582.15 0.00 0.00 11,650,000.00
A-I-11 202,585.98 202,585.98 0.00 0.00 30,421,000.00
A-I-12 57,397.47 57,397.47 0.00 0.00 8,619,000.00
A-II 96,533.35 243,874.39 0.00 0.00 14,348,435.98
A-P 0.00 25,031.44 0.00 0.00 435,708.85
A-V 99,256.78 99,256.78 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 59,636.37 98,799.28 0.00 0.00 8,916,037.44
M-2 33,541.78 55,568.50 0.00 0.00 5,014,720.82
M-3 23,852.33 39,516.03 0.00 0.00 3,566,082.36
B-1 11,925.84 19,757.48 0.00 0.00 1,782,992.29
B-2 3,726.86 6,174.27 0.00 0.00 557,191.22
B-3 8,699.91 14,413.10 0.00 0.00 1,279,108.07
- -------------------------------------------------------------------------------
1,080,189.25 5,096,290.88 0.00 0.00 143,723,209.22
===============================================================================
Run: 08/31/98 15:34:59
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-2 225.795299 24.737293 1.138321 25.875614 0.000000 201.058005
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-5 722.203447 107.280895 4.568978 111.849873 0.000000 614.922552
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 1000.000000 0.000000 6.409690 6.409690 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.409684 6.409684 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.659412 6.659412 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.659412 6.659412 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.659412 6.659412 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.659412 6.659412 0.000000 1000.000000
A-II 721.039446 7.328942 4.801699 12.130641 0.000000 713.710504
A-P 766.434142 41.639401 0.000000 41.639401 0.000000 724.794741
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-1 982.511613 4.296723 6.542950 10.839673 0.000000 978.214890
M-2 982.511614 4.296723 6.542950 10.839673 0.000000 978.214892
M-3 982.511606 4.296722 6.542952 10.839674 0.000000 978.214884
B-1 982.511620 4.296725 6.542953 10.839678 0.000000 978.214896
B-2 982.511640 4.296717 6.542942 10.839659 0.000000 978.214923
B-3 955.873271 4.180230 6.365555 10.545785 0.000000 935.898436
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-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-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4228
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 30,334.14
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,817.94
MASTER SERVICER ADVANCES THIS MONTH 1,745.10
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 25 2,240,074.05
(B) TWO MONTHLY PAYMENTS: 6 874,917.76
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,332,497.67
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 143,723,209.22
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,516
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 216,527.69
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,367,417.89
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 483,495.15
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.31999660 % 11.89333200 % 2.47485680 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.26310240 % 12.17398409 % 2.52589480 %
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 9.10872000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 306.68
POOL TRADING FACTOR: 63.08079994
................................................................................
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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-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 1,976,791.09 7.400000 % 215,387.58
A-2 76110FEL3 4,074,824.00 66,769.03 7.300000 % 66,769.03
A-3 76110FEM1 13,128,206.00 13,128,206.00 7.050000 % 1,494,365.00
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 5,471,973.48 7.400000 % 879,562.04
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 17,783,137.73 6.156250 % 1,668,252.59
A-8 76110FES8 0.00 0.00 2.843750 % 0.00
A-9 76110FET6 32,965,000.00 1,915,034.88 0.000000 % 1,627,292.62
A-10 76110FEU3 20,953,719.00 20,274,798.61 7.400000 % 72,276.77
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 94,307.61 0.000000 % 188.56
A-15 76110FGR8 0.00 0.00 0.901952 % 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 6,555,233.59 7.750000 % 117,057.39
M-2 76110FFC2 4,440,700.00 4,370,188.54 7.750000 % 78,038.84
M-3 76110FFD0 3,108,500.00 3,059,141.82 7.750000 % 54,627.37
B-1 1,509,500.00 1,485,531.47 7.750000 % 26,527.27
B-2 444,000.00 436,949.97 7.750000 % 7,802.65
B-3 1,154,562.90 1,078,351.36 7.750000 % 19,256.21
- -------------------------------------------------------------------------------
177,623,205.60 120,684,021.18 6,327,403.92
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 12,138.31 227,525.89 0.00 0.00 1,761,403.51
A-2 404.45 67,173.48 0.00 0.00 0.00
A-3 76,799.86 1,571,164.86 0.00 0.00 11,633,841.00
A-4 22,807.14 22,807.14 0.00 0.00 3,765,148.00
A-5 33,600.18 913,162.22 0.00 0.00 4,592,411.44
A-6 15,968.15 15,968.15 0.00 0.00 2,600,500.00
A-7 90,842.81 1,759,095.40 0.00 0.00 16,114,885.14
A-8 41,962.92 41,962.92 0.00 0.00 0.00
A-9 11,733.28 1,639,025.90 0.00 0.00 287,742.26
A-10 124,495.65 196,772.42 0.00 0.00 20,202,521.84
A-11 89,870.97 89,870.97 0.00 0.00 13,975,000.00
A-12 12,861.68 12,861.68 0.00 0.00 2,000,000.00
A-13 132,777.26 132,777.26 0.00 0.00 20,646,958.00
A-14 0.00 188.56 0.00 0.00 94,119.05
A-15 90,323.10 90,323.10 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 42,155.65 159,213.04 0.00 0.00 6,438,176.20
M-2 28,103.97 106,142.81 0.00 0.00 4,292,149.70
M-3 19,672.85 74,300.22 0.00 0.00 3,004,514.45
B-1 9,553.22 36,080.49 0.00 0.00 1,459,004.20
B-2 2,809.96 10,612.61 0.00 0.00 429,147.32
B-3 6,934.70 26,190.91 0.00 0.00 1,059,095.15
- -------------------------------------------------------------------------------
865,816.11 7,193,220.03 0.00 0.00 114,356,617.26
===============================================================================
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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-1 494.197773 53.846894 3.034578 56.881472 0.000000 440.350878
A-2 16.385746 16.385746 0.099256 16.485002 0.000000 0.000000
A-3 1000.000000 113.828576 5.849989 119.678565 0.000000 886.171424
A-4 1000.000000 0.000000 6.057435 6.057435 0.000000 1000.000000
A-5 521.140331 83.767814 3.200017 86.967831 0.000000 437.372518
A-6 1000.000000 0.000000 6.140415 6.140415 0.000000 1000.000000
A-7 563.121717 52.826969 2.876633 55.703602 0.000000 510.294748
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 58.092974 49.364254 0.355931 49.720185 0.000000 8.728720
A-10 967.599051 3.449353 5.941458 9.390811 0.000000 964.149698
A-11 1000.000000 0.000000 6.430839 6.430839 0.000000 1000.000000
A-12 1000.000000 0.000000 6.430840 6.430840 0.000000 1000.000000
A-13 1000.000000 0.000000 6.430839 6.430839 0.000000 1000.000000
A-14 814.227104 1.627977 0.000000 1.627977 0.000000 812.599126
A-15 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-1 984.121542 17.573546 6.328727 23.902273 0.000000 966.547996
M-2 984.121544 17.573545 6.328725 23.902270 0.000000 966.547999
M-3 984.121544 17.573547 6.328728 23.902275 0.000000 966.547997
B-1 984.121544 17.573548 6.328731 23.902279 0.000000 966.547996
B-2 984.121554 17.573536 6.328739 23.902275 0.000000 966.548018
B-3 933.991002 16.678364 6.006342 22.684706 0.000000 917.312647
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:29:07 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 24,225.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,671.98
MASTER SERVICER ADVANCES THIS MONTH 1,166.08
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 3,055,353.34
(B) TWO MONTHLY PAYMENTS: 7 683,033.36
(C) THREE OR MORE MONTHLY PAYMENTS: 1 206,802.07
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 677,176.48
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 114,356,617.26
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,178
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 147,461.91
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,173,900.56
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 2,064,800.72
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.91472170 % 11.59681300 % 2.48846500 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.40020800 % 12.01053396 % 2.57936480 %
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 8.96359478
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 328.93
POOL TRADING FACTOR: 64.38157496
................................................................................
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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 10,146,000.00 129,085.94 6.750000 % 129,085.94
A-3 76110FFG3 24,816,000.00 15,502,116.48 6.750000 % 4,631,901.28
A-4 76110FFH1 15,938,000.00 15,938,000.00 6.750000 % 0.00
A-5 76110FFJ7 10,253,000.00 10,253,000.00 6.750000 % 960,773.22
A-6 76110FFK4 31,511,646.00 20,242,618.33 11.000000 % 1,226,091.48
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 212,947.62 165,175.55 0.000000 % 1,148.40
A-13 76110FFS7 0.00 0.00 0.948466 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,265,759.60 7.500000 % 15,989.30
M-2 76110FFW8 6,251,000.00 6,176,843.69 7.500000 % 10,658.96
M-3 76110FFW8 4,375,700.00 4,323,790.57 7.500000 % 7,461.27
B-1 1,624,900.00 1,605,623.63 7.500000 % 2,770.72
B-2 624,800.00 617,387.93 7.500000 % 1,065.38
B-3 1,500,282.64 1,474,203.90 7.500000 % 2,543.93
- -------------------------------------------------------------------------------
250,038,730.26 185,842,959.62 6,989,489.88
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 724.71 129,810.65 0.00 0.00 0.00
A-3 87,031.62 4,718,932.90 0.00 0.00 10,870,215.20
A-4 89,478.75 89,478.75 0.00 0.00 15,938,000.00
A-5 57,562.16 1,018,335.38 0.00 0.00 9,292,226.78
A-6 185,200.29 1,411,291.77 0.00 0.00 19,016,526.85
A-7 99,101.44 99,101.44 0.00 0.00 17,652,000.00
A-8 31,751.48 31,751.48 0.00 0.00 5,655,589.00
A-9 107,051.12 107,051.12 0.00 0.00 19,068,000.00
A-10 57,645.05 57,645.05 0.00 0.00 10,267,765.00
A-11 296,341.19 296,341.19 0.00 0.00 47,506,000.00
A-12 0.00 1,148.40 0.00 0.00 164,027.15
A-13 146,605.53 146,605.53 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,799.57 73,788.87 0.00 0.00 9,249,770.30
M-2 38,530.99 49,189.95 0.00 0.00 6,166,184.73
M-3 26,971.69 34,432.96 0.00 0.00 4,316,329.30
B-1 10,015.84 12,786.56 0.00 0.00 1,602,852.91
B-2 3,851.25 4,916.63 0.00 0.00 616,322.55
B-3 9,196.04 11,739.97 0.00 0.00 1,471,659.97
- -------------------------------------------------------------------------------
1,304,858.72 8,294,348.60 0.00 0.00 178,853,469.74
===============================================================================
Run: 08/31/98 15:29:33
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 12.722841 12.722841 0.071428 12.794269 0.000000 0.000000
A-3 624.682321 186.649794 3.507077 190.156871 0.000000 438.032527
A-4 1000.000000 0.000000 5.614177 5.614177 0.000000 1000.000000
A-5 1000.000000 93.706546 5.614177 99.320723 0.000000 906.293454
A-6 642.385305 38.909154 5.877201 44.786355 0.000000 603.476151
A-7 1000.000000 0.000000 5.614176 5.614176 0.000000 1000.000000
A-8 1000.000000 0.000000 5.614177 5.614177 0.000000 1000.000000
A-9 1000.000000 0.000000 5.614177 5.614177 0.000000 1000.000000
A-10 1000.000000 0.000000 5.614177 5.614177 0.000000 1000.000000
A-11 1000.000000 0.000000 6.237974 6.237974 0.000000 1000.000000
A-12 775.662813 5.392875 0.000000 5.392875 0.000000 770.269938
A-13 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-1 988.136888 1.705162 6.163972 7.869134 0.000000 986.431727
M-2 988.136888 1.705161 6.163972 7.869133 0.000000 986.431728
M-3 988.136886 1.705160 6.163971 7.869131 0.000000 986.431725
B-1 988.136888 1.705163 6.163973 7.869136 0.000000 986.431725
B-2 988.136892 1.705154 6.163972 7.869126 0.000000 986.431738
B-3 982.617449 1.695634 6.129538 7.825172 0.000000 980.921815
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:29:36 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 38,304.14
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,667.79
MASTER SERVICER ADVANCES THIS MONTH 2,191.15
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 3,345,917.96
(B) TWO MONTHLY PAYMENTS: 5 475,240.93
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 836,160.70
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 178,853,469.74
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,760
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 276,152.12
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,668,901.07
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 191,639.64
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.36326510 % 10.64553500 % 1.99119970 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.89171590 % 11.03265391 % 2.06550280 %
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 8.77090316
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.72
POOL TRADING FACTOR: 71.53030635
................................................................................
Run: 08/31/98 15:29:50 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 18,578,384.33 9.000000 % 1,227,284.08
A-2 76110FFZ1 37,000,000.00 9,982,071.57 7.250000 % 2,646,303.44
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 5,692,462.27 7.250000 % 421,906.96
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 130,561.76 114,352.03 0.000000 % 636.38
A-10 76110FGH0 0.00 0.00 0.729806 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,882,429.47 7.750000 % 10,762.28
M-2 76110FGL1 4,109,600.00 4,068,625.22 7.750000 % 8,968.42
M-3 76110FGM9 2,630,200.00 2,603,975.58 7.750000 % 5,739.91
B-1 1,068,500.00 1,057,846.51 7.750000 % 2,331.80
B-2 410,900.00 406,803.12 7.750000 % 896.71
B-3 821,738.81 813,545.71 7.750000 % 1,793.29
- -------------------------------------------------------------------------------
164,383,983.57 120,372,708.81 4,326,623.27
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 138,706.37 1,365,990.45 0.00 0.00 17,351,100.25
A-2 60,035.02 2,706,338.46 0.00 0.00 7,335,768.13
A-3 31,274.28 31,274.28 0.00 0.00 5,200,000.00
A-4 109,459.98 109,459.98 0.00 0.00 18,200,000.00
A-5 34,236.09 456,143.05 0.00 0.00 5,270,555.31
A-6 44,333.88 44,333.88 0.00 0.00 7,371,430.00
A-7 66,867.28 66,867.28 0.00 0.00 10,400,783.00
A-8 199,300.95 199,300.95 0.00 0.00 31,000,000.00
A-9 0.00 636.38 0.00 0.00 113,715.65
A-10 72,875.45 72,875.45 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,389.45 42,151.73 0.00 0.00 4,871,667.19
M-2 26,157.45 35,125.87 0.00 0.00 4,059,656.80
M-3 16,741.12 22,481.03 0.00 0.00 2,598,235.67
B-1 6,800.97 9,132.77 0.00 0.00 1,055,514.71
B-2 2,615.36 3,512.07 0.00 0.00 405,906.41
B-3 5,230.34 7,023.63 0.00 0.00 809,684.87
- -------------------------------------------------------------------------------
846,023.99 5,172,647.26 0.00 0.00 116,044,017.99
===============================================================================
Run: 08/31/98 15:29:50
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-1 597.211133 39.451639 4.458783 43.910422 0.000000 557.759494
A-2 269.785718 71.521715 1.622568 73.144283 0.000000 198.264004
A-3 1000.000000 0.000000 6.014285 6.014285 0.000000 1000.000000
A-4 1000.000000 0.000000 6.014285 6.014285 0.000000 1000.000000
A-5 569.246227 42.190696 3.423609 45.614305 0.000000 527.055531
A-6 1000.000000 0.000000 6.014285 6.014285 0.000000 1000.000000
A-7 1000.000000 0.000000 6.429062 6.429062 0.000000 1000.000000
A-8 1000.000000 0.000000 6.429063 6.429063 0.000000 1000.000000
A-9 875.846266 4.874168 0.000000 4.874168 0.000000 870.972098
A-10 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-1 990.029498 2.182310 6.364963 8.547273 0.000000 987.847188
M-2 990.029497 2.182310 6.364963 8.547273 0.000000 987.847187
M-3 990.029496 2.182309 6.364961 8.547270 0.000000 987.847187
B-1 990.029490 2.182312 6.364970 8.547282 0.000000 987.847178
B-2 990.029496 2.182307 6.364955 8.547262 0.000000 987.847189
B-3 990.029557 2.182311 6.364967 8.547278 0.000000 985.331178
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:29:52 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 24,651.98
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 28,242.07
MASTER SERVICER ADVANCES THIS MONTH 261.87
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 25 2,685,812.02
(B) TWO MONTHLY PAYMENTS: 3 211,535.75
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 733,202.01
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 116,044,017.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,182
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 32,939.21
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,045,536.15
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.49707750 % 9.60850500 % 1.89441750 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.09572190 % 9.93550539 % 1.95902710 %
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 8.79766378
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.41
POOL TRADING FACTOR: 70.59326308
................................................................................
Run: 08/31/98 15:30:00 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 2,541,510.96 7.250000 % 2,448,414.99
A-2 76110FGT4 26,579,000.00 26,579,000.00 7.500000 % 0.00
A-3 76110FGU1 16,821,000.00 16,821,000.00 7.500000 % 0.00
A-4 76110FGV9 23,490,000.00 23,490,000.00 7.750000 % 0.00
A-5 76110FGW7 7,138,000.00 7,138,000.00 7.750000 % 0.00
A-6 76110FGX5 1,000,000.00 1,000,000.00 7.750000 % 0.00
A-7 76110FGY3 15,374,000.00 6,926,145.99 9.500000 % 699,547.14
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 94,529.07 0.000000 % 92.58
A-10 76110FHB2 0.00 0.00 0.731708 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,293,242.21 7.750000 % 3,576.25
M-2 76110FHE6 4,112,900.00 4,071,778.09 7.750000 % 2,751.00
M-3 76110FHF3 2,632,200.00 2,605,882.51 7.750000 % 1,760.60
B-1 1,069,400.00 1,058,707.85 7.750000 % 715.29
B-2 411,200.00 407,088.72 7.750000 % 275.04
B-3 823,585.68 815,351.20 7.750000 % 550.86
- -------------------------------------------------------------------------------
164,514,437.18 126,342,236.60 3,157,683.75
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 15,350.86 2,463,765.85 0.00 0.00 93,095.97
A-2 166,074.36 166,074.36 0.00 0.00 26,579,000.00
A-3 105,103.15 105,103.15 0.00 0.00 16,821,000.00
A-4 151,665.71 151,665.71 0.00 0.00 23,490,000.00
A-5 46,087.26 46,087.26 0.00 0.00 7,138,000.00
A-6 6,456.60 6,456.60 0.00 0.00 1,000,000.00
A-7 54,817.34 754,364.48 0.00 0.00 6,226,598.85
A-8 177,556.71 177,556.71 0.00 0.00 27,500,000.00
A-9 0.00 92.58 0.00 0.00 94,436.49
A-10 77,017.40 77,017.40 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 34,176.38 37,752.63 0.00 0.00 5,289,665.96
M-2 26,289.87 29,040.87 0.00 0.00 4,069,027.09
M-3 16,825.16 18,585.76 0.00 0.00 2,604,121.91
B-1 6,835.66 7,550.95 0.00 0.00 1,057,992.56
B-2 2,628.41 2,903.45 0.00 0.00 406,813.68
B-3 5,264.40 5,815.26 0.00 0.00 814,800.34
- -------------------------------------------------------------------------------
892,149.27 4,049,833.02 0.00 0.00 123,184,552.85
===============================================================================
Run: 08/31/98 15:30:00
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 79.152604 76.253231 0.478086 76.731317 0.000000 2.899373
A-2 1000.000000 0.000000 6.248330 6.248330 0.000000 1000.000000
A-3 1000.000000 0.000000 6.248329 6.248329 0.000000 1000.000000
A-4 1000.000000 0.000000 6.456607 6.456607 0.000000 1000.000000
A-5 1000.000000 0.000000 6.456607 6.456607 0.000000 1000.000000
A-6 1000.000000 0.000000 6.456600 6.456600 0.000000 1000.000000
A-7 450.510341 45.501960 3.565587 49.067547 0.000000 405.008381
A-8 1000.000000 0.000000 6.456608 6.456608 0.000000 1000.000000
A-9 880.556583 0.862401 0.000000 0.862401 0.000000 879.694182
A-10 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-1 990.001723 0.668871 6.392051 7.060922 0.000000 989.332852
M-2 990.001724 0.668871 6.392052 7.060923 0.000000 989.332853
M-3 990.001713 0.668870 6.392052 7.060922 0.000000 989.332843
B-1 990.001730 0.668870 6.392052 7.060922 0.000000 989.332860
B-2 990.001751 0.668872 6.392048 7.060920 0.000000 989.332879
B-3 990.001672 0.668868 6.392049 7.060917 0.000000 989.332816
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:30:02 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 25,989.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,840.27
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 17 2,362,017.74
(B) TWO MONTHLY PAYMENTS: 7 694,367.83
(C) THREE OR MORE MONTHLY PAYMENTS: 2 205,024.95
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,913,277.81
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 123,184,552.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,183
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 3,072,310.67
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.71104210 % 9.48207500 % 1.80688250 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.42927280 % 9.71129471 % 1.85198180 %
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 8.80244345
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.15
POOL TRADING FACTOR: 74.87765509
................................................................................
Run: 08/31/98 15:30:15 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 43,231,010.00 884,265.34 7.250000 % 884,265.34
A-2 76110FHL0 35,775,000.00 35,775,000.00 7.250000 % 4,034,108.15
A-3 76110FHM8 22,398,546.00 22,398,546.00 7.250000 % 0.00
A-4 76110FHN6 24,498,244.00 15,087,857.37 10.000000 % 1,092,971.86
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 155,284.33 148,443.80 0.000000 % 134.14
A-9 76110FHT3 0.00 0.00 0.743526 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,111,724.26 7.750000 % 4,774.10
M-2 76110FHW6 4,975,300.00 4,923,463.34 7.750000 % 3,305.12
M-3 76110FHX4 3,316,900.00 3,282,341.88 7.750000 % 2,203.43
B-1 1,216,200.00 1,203,528.66 7.750000 % 807.93
B-2 552,900.00 547,139.45 7.750000 % 367.29
B-3 995,114.30 984,746.44 7.750000 % 661.07
- -------------------------------------------------------------------------------
221,126,398.63 169,172,256.54 6,023,598.43
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 5,311.42 889,576.76 0.00 0.00 0.00
A-2 214,885.59 4,248,993.74 0.00 0.00 31,740,891.85
A-3 134,538.78 134,538.78 0.00 0.00 22,398,546.00
A-4 125,002.07 1,217,973.93 0.00 0.00 13,994,885.51
A-5 109,827.93 109,827.93 0.00 0.00 17,675,100.00
A-6 45,909.59 45,909.59 0.00 0.00 7,150,100.00
A-7 333,883.28 333,883.28 0.00 0.00 52,000,000.00
A-8 0.00 134.14 0.00 0.00 148,309.66
A-9 104,211.26 104,211.26 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,663.19 50,437.29 0.00 0.00 7,106,950.16
M-2 31,612.74 34,917.86 0.00 0.00 4,920,158.22
M-3 21,075.37 23,278.80 0.00 0.00 3,280,138.45
B-1 7,727.66 8,535.59 0.00 0.00 1,202,720.73
B-2 3,513.09 3,880.38 0.00 0.00 546,772.16
B-3 6,322.89 6,983.96 0.00 0.00 984,085.37
- -------------------------------------------------------------------------------
1,189,484.86 7,213,083.29 0.00 0.00 163,148,658.11
===============================================================================
Run: 08/31/98 15:30:15
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 20.454422 20.454422 0.122861 20.577283 0.000000 0.000000
A-2 1000.000000 112.763331 6.006585 118.769916 0.000000 887.236670
A-3 1000.000000 0.000000 6.006585 6.006585 0.000000 1000.000000
A-4 615.875055 44.614294 5.102491 49.716785 0.000000 571.260761
A-5 1000.000000 0.000000 6.213709 6.213709 0.000000 1000.000000
A-6 1000.000000 0.000000 6.420832 6.420832 0.000000 1000.000000
A-7 1000.000000 0.000000 6.420832 6.420832 0.000000 1000.000000
A-8 955.948356 0.863835 0.000000 0.863835 0.000000 955.084521
A-9 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-1 989.581201 0.664306 6.353935 7.018241 0.000000 988.916895
M-2 989.581199 0.664306 6.353936 7.018242 0.000000 988.916894
M-3 989.581199 0.664304 6.353936 7.018240 0.000000 988.916895
B-1 989.581204 0.664307 6.353938 7.018245 0.000000 988.916897
B-2 989.581208 0.664297 6.353934 7.018231 0.000000 988.916911
B-3 989.581237 0.664306 6.353933 7.018239 0.000000 988.916925
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:30:16 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 34,624.84
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 18,899.27
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 1,859,867.50
(B) TWO MONTHLY PAYMENTS: 4 208,440.77
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 356,124.76
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 163,148,658.11
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,581
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 5,910,011.58
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.31928960 % 9.06235000 % 1.61836050 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.93203280 % 9.38239211 % 1.67703830 %
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 8.80863876
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.16
POOL TRADING FACTOR: 73.78072411
................................................................................
Run: 08/31/98 15:30:19 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 1,906,592.71 7.250000 % 1,906,592.71
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 % 2,039,327.08
A-3 76110FJB0 29,956,909.00 18,184,381.33 10.000000 % 1,479,719.92
A-4 76110FJC8 24,000,000.00 24,000,000.00 7.250000 % 0.00
A-5 76110FJD6 11,785,091.00 11,785,091.00 7.250000 % 0.00
A-6 76110FJE4 18,143,000.00 18,143,000.00 8.000000 % 0.00
A-7 76110FJF1 4,767,000.00 4,767,000.00 8.000000 % 0.00
A-8 76110FJG9 0.00 0.00 0.750000 % 0.00
A-9 76110FJH7 42,917,000.00 42,917,000.00 7.250000 % 0.00
A-10 76110FJJ3 340,158.57 280,995.55 0.000000 % 1,209.66
A-11 76110FJK0 0.00 0.00 0.622582 % 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 6,660,161.45 8.000000 % 4,228.12
M-2 76110FJP9 4,330,000.00 4,285,066.74 8.000000 % 2,720.32
M-3 76110FJQ7 2,886,000.00 2,856,051.42 8.000000 % 1,813.13
B-1 1,058,000.00 1,047,020.92 8.000000 % 664.69
B-2 481,000.00 476,008.56 8.000000 % 302.19
B-3 866,066.26 857,078.93 8.000000 % 544.09
- -------------------------------------------------------------------------------
192,360,424.83 148,965,448.61 5,437,121.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 11,480.76 1,918,073.47 0.00 0.00 0.00
A-2 65,033.39 2,104,360.47 0.00 0.00 8,760,672.92
A-3 151,033.47 1,630,753.39 0.00 0.00 16,704,661.41
A-4 144,518.66 144,518.66 0.00 0.00 24,000,000.00
A-5 70,965.23 70,965.23 0.00 0.00 11,785,091.00
A-6 120,551.81 120,551.81 0.00 0.00 18,143,000.00
A-7 31,674.50 31,674.50 0.00 0.00 4,767,000.00
A-8 26,734.09 26,734.09 0.00 0.00 0.00
A-9 258,429.47 258,429.47 0.00 0.00 42,917,000.00
A-10 0.00 1,209.66 0.00 0.00 279,785.89
A-11 77,029.44 77,029.44 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 44,253.69 48,481.81 0.00 0.00 6,655,933.33
M-2 28,472.28 31,192.60 0.00 0.00 4,282,346.42
M-3 18,977.13 20,790.26 0.00 0.00 2,854,238.29
B-1 6,956.97 7,621.66 0.00 0.00 1,046,356.23
B-2 3,162.86 3,465.05 0.00 0.00 475,706.37
B-3 5,694.89 6,238.98 0.00 0.00 856,534.84
- -------------------------------------------------------------------------------
1,064,968.64 6,502,090.55 0.00 0.00 143,528,326.70
===============================================================================
Run: 08/31/98 15:30:19
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 57.255036 57.255036 0.344768 57.599804 0.000000 0.000000
A-2 1000.000000 188.826581 6.021610 194.848191 0.000000 811.173419
A-3 607.017945 49.394946 5.041691 54.436637 0.000000 557.622998
A-4 1000.000000 0.000000 6.021611 6.021611 0.000000 1000.000000
A-5 1000.000000 0.000000 6.021611 6.021611 0.000000 1000.000000
A-6 1000.000000 0.000000 6.644536 6.644536 0.000000 1000.000000
A-7 1000.000000 0.000000 6.644535 6.644535 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 6.021611 6.021611 0.000000 1000.000000
A-10 826.072234 3.556165 0.000000 3.556165 0.000000 822.516070
A-11 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-1 989.622801 0.628250 6.575585 7.203835 0.000000 988.994551
M-2 989.622804 0.628249 6.575584 7.203833 0.000000 988.994554
M-3 989.622807 0.628250 6.575582 7.203832 0.000000 988.994557
B-1 989.622798 0.628251 6.575586 7.203837 0.000000 988.994546
B-2 989.622786 0.628254 6.575593 7.203847 0.000000 988.994532
B-3 989.622815 0.628220 6.575582 7.203802 0.000000 988.994578
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:30:22 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 30,484.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 34,463.95
MASTER SERVICER ADVANCES THIS MONTH 382.62
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 2,800,383.56
(B) TWO MONTHLY PAYMENTS: 3 340,853.45
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,369,485.83
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 143,528,326.70
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,407
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 44,683.30
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,342,470.78
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.11696030 % 9.28226100 % 1.60077830 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.71114820 % 9.60961390 % 1.66046890 %
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 8.93594106
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.12
POOL TRADING FACTOR: 74.61426997
................................................................................
Run: 08/31/98 15:30:25 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 25,164,180.55 7.500000 % 1,696,000.83
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 20,430,376.51 7.500000 % 69,119.81
A-6 76110FJW4 164,986.80 134,706.63 0.000000 % 509.07
A-7 76110FJX2 0.00 0.00 0.736526 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,548,778.93 7.500000 % 8,623.00
M-2 76110FKA0 1,061,700.00 1,019,453.96 7.500000 % 3,449.00
M-3 76110FKB8 690,100.00 662,640.27 7.500000 % 2,241.84
B-1 371,600.00 356,813.69 7.500000 % 1,207.17
B-2 159,300.00 152,961.29 7.500000 % 517.50
B-3 372,446.48 357,626.49 7.500000 % 1,209.91
- -------------------------------------------------------------------------------
106,172,633.28 87,302,538.32 1,782,878.13
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 157,184.76 1,853,185.59 0.00 0.00 23,468,179.72
A-2 97,961.80 97,961.80 0.00 0.00 15,683,000.00
A-3 117,094.43 117,094.43 0.00 0.00 18,746,000.00
A-4 12,780.07 12,780.07 0.00 0.00 2,046,000.00
A-5 127,615.66 196,735.47 0.00 0.00 20,361,256.70
A-6 0.00 509.07 0.00 0.00 134,197.56
A-7 53,552.72 53,552.72 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,920.62 24,543.62 0.00 0.00 2,540,155.93
M-2 6,367.89 9,816.89 0.00 0.00 1,016,004.96
M-3 4,139.09 6,380.93 0.00 0.00 660,398.43
B-1 2,228.79 3,435.96 0.00 0.00 355,606.52
B-2 955.45 1,472.95 0.00 0.00 152,443.79
B-3 2,233.87 3,443.78 0.00 0.00 356,416.58
- -------------------------------------------------------------------------------
598,035.15 2,380,913.28 0.00 0.00 85,519,660.19
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 585.949345 39.491474 3.660056 43.151530 0.000000 546.457871
A-2 1000.000000 0.000000 6.246369 6.246369 0.000000 1000.000000
A-3 1000.000000 0.000000 6.246369 6.246369 0.000000 1000.000000
A-4 1000.000000 0.000000 6.246369 6.246369 0.000000 1000.000000
A-5 960.209452 3.248569 5.997822 9.246391 0.000000 956.960883
A-6 816.469136 3.085520 0.000000 3.085520 0.000000 813.383616
A-7 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-1 960.209060 3.248568 5.997822 9.246390 0.000000 956.960492
M-2 960.209061 3.248564 5.997824 9.246388 0.000000 956.960497
M-3 960.209057 3.248573 5.997812 9.246385 0.000000 956.960484
B-1 960.209069 3.248574 5.997820 9.246394 0.000000 956.960495
B-2 960.208977 3.248588 5.997803 9.246391 0.000000 956.960389
B-3 960.209075 3.248574 5.997828 9.246402 0.000000 956.960528
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:30:26 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 18,026.40
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 10,550.63
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 14 851,959.72
(B) TWO MONTHLY PAYMENTS: 1 72,127.61
(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 85,519,660.19
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,135
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 1,487,472.04
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.15119710 % 4.85370900 % 0.99509350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.04930760 % 4.93051459 % 1.01242870 %
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 8.55631459
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 158.77
POOL TRADING FACTOR: 80.54774338
................................................................................
Run: 08/31/98 15:30:46 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 49,662,135.11 7.500000 % 3,668,872.85
A-2 76110FKD4 20,984,000.00 20,984,000.00 7.500000 % 1,846,737.74
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 17,235,162.13 9.500000 % 787,944.37
A-8 76110FKP7 156,262.27 131,674.33 0.000000 % 12,371.22
A-9 76110FKQ5 0.00 0.00 0.771512 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,631,319.00 7.750000 % 6,816.73
M-2 76110FKM4 3,827,000.00 3,789,466.59 7.750000 % 3,895.42
M-3 76110FKN2 2,870,200.00 2,842,050.45 7.750000 % 2,921.51
B-1 1,052,400.00 1,042,078.57 7.750000 % 1,071.21
B-2 478,400.00 473,708.07 7.750000 % 486.95
B-3 861,188.35 852,742.22 7.750000 % 876.59
- -------------------------------------------------------------------------------
191,342,550.62 153,644,336.47 6,331,994.59
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 309,331.07 3,978,203.92 0.00 0.00 45,993,262.27
A-2 130,703.26 1,977,441.00 0.00 0.00 19,137,262.27
A-3 68,515.82 68,515.82 0.00 0.00 11,000,000.00
A-4 24,914.84 24,914.84 0.00 0.00 4,000,000.00
A-5 112,635.85 112,635.85 0.00 0.00 17,500,000.00
A-6 105,369.03 105,369.03 0.00 0.00 17,500,000.00
A-7 135,980.26 923,924.63 0.00 0.00 16,447,217.76
A-8 0.00 12,371.22 0.00 0.00 119,303.11
A-9 98,445.53 98,445.53 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,681.39 49,498.12 0.00 0.00 6,624,502.27
M-2 24,390.28 28,285.70 0.00 0.00 3,785,571.17
M-3 18,292.39 21,213.90 0.00 0.00 2,839,128.94
B-1 6,707.17 7,778.38 0.00 0.00 1,041,007.36
B-2 3,048.94 3,535.89 0.00 0.00 473,221.12
B-3 5,488.53 6,365.12 0.00 0.00 851,865.63
- -------------------------------------------------------------------------------
1,086,504.36 7,418,498.95 0.00 0.00 147,312,341.90
===============================================================================
Run: 08/31/98 15:30:46
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-1 602.030950 44.476038 3.749877 48.225915 0.000000 557.554912
A-2 1000.000000 88.006945 6.228710 94.235655 0.000000 911.993055
A-3 1000.000000 0.000000 6.228711 6.228711 0.000000 1000.000000
A-4 1000.000000 0.000000 6.228710 6.228710 0.000000 1000.000000
A-5 1000.000000 0.000000 6.436334 6.436334 0.000000 1000.000000
A-6 1000.000000 0.000000 6.021087 6.021087 0.000000 1000.000000
A-7 786.096334 35.938170 6.202064 42.140234 0.000000 750.158165
A-8 842.649540 79.169591 0.000000 79.169591 0.000000 763.479949
A-9 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-1 990.192474 1.017878 6.373210 7.391088 0.000000 989.174596
M-2 990.192472 1.017878 6.373211 7.391089 0.000000 989.174594
M-3 990.192478 1.017877 6.373211 7.391088 0.000000 989.174601
B-1 990.192484 1.017873 6.373214 7.391087 0.000000 989.174610
B-2 990.192454 1.017872 6.373202 7.391074 0.000000 989.174582
B-3 990.192471 1.017873 6.373205 7.391078 0.000000 989.174586
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:30:47 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 31,473.65
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 30,157.70
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 2,154,595.60
(B) TWO MONTHLY PAYMENTS: 2 261,243.74
(C) THREE OR MORE MONTHLY PAYMENTS: 1 64,852.24
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,509,064.91
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 147,312,341.89
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,404
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 6,174,094.52
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 59,653.83
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.81754030 % 8.63957100 % 1.54288830 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.39128060 % 8.99395272 % 1.60747690 %
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 8.84559085
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.11
POOL TRADING FACTOR: 76.98880433
................................................................................
Run: 08/31/98 15:30:50 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 3,589,164.35 7.000000 % 1,918,542.33
A-2 76110FKV4 20,850,000.00 6,672,722.76 7.000000 % 2,772,414.86
A-3 76110FKW2 16,320,750.00 11,523,127.41 10.000000 % 938,191.44
A-4 76110FKX0 19,700,543.00 19,700,543.00 7.000000 % 0.00
A-5 76110FKY8 21,419,142.00 21,419,142.00 7.150000 % 0.00
A-6 76110FKZ5 6,323,320.00 6,323,320.00 7.250000 % 0.00
A-7 76110FLA9 16,496,308.00 16,496,308.00 7.250000 % 0.00
A-8 76110FLB7 25,998,036.00 19,768,888.52 7.500000 % 1,218,131.01
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 25,237.91 0.000000 % 40.18
A-12 76110FLF8 0.00 0.00 0.868450 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,561,650.57 7.500000 % 4,925.75
M-2 76110FLJ0 4,361,000.00 4,321,367.85 7.500000 % 2,814.99
M-3 76110FLK7 3,270,500.00 3,240,778.16 7.500000 % 2,111.08
B-1 1,199,000.00 1,188,103.65 7.500000 % 773.94
B-2 545,000.00 540,047.13 7.500000 % 351.79
B-3 981,461.72 972,542.36 7.500000 % 633.51
- -------------------------------------------------------------------------------
218,029,470.88 182,849,944.67 6,858,930.88
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 20,805.44 1,939,347.77 0.00 0.00 1,670,622.02
A-2 38,680.03 2,811,094.89 0.00 0.00 3,900,307.90
A-3 95,423.63 1,033,615.07 0.00 0.00 10,584,935.97
A-4 114,198.87 114,198.87 0.00 0.00 19,700,543.00
A-5 126,821.74 126,821.74 0.00 0.00 21,419,142.00
A-6 37,963.72 37,963.72 0.00 0.00 6,323,320.00
A-7 99,039.93 99,039.93 0.00 0.00 16,496,308.00
A-8 122,780.41 1,340,911.42 0.00 0.00 18,550,757.51
A-9 30,536.39 30,536.39 0.00 0.00 5,000,001.00
A-10 338,531.53 338,531.53 0.00 0.00 54,507,000.00
A-11 0.00 40.18 0.00 0.00 25,197.73
A-12 131,499.83 131,499.83 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,963.83 51,889.58 0.00 0.00 7,556,724.82
M-2 26,839.11 29,654.10 0.00 0.00 4,318,552.86
M-3 20,127.79 22,238.87 0.00 0.00 3,238,667.08
B-1 7,379.06 8,153.00 0.00 0.00 1,187,329.71
B-2 3,354.11 3,705.90 0.00 0.00 539,695.34
B-3 6,040.26 6,673.77 0.00 0.00 971,908.85
- -------------------------------------------------------------------------------
1,266,985.68 8,125,916.56 0.00 0.00 175,991,013.79
===============================================================================
Run: 08/31/98 15:30:50
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-1 267.850085 143.175869 1.552656 144.728525 0.000000 124.674216
A-2 320.034665 132.969538 1.855157 134.824695 0.000000 187.065127
A-3 706.041537 57.484579 5.846767 63.331346 0.000000 648.556958
A-4 1000.000000 0.000000 5.796737 5.796737 0.000000 1000.000000
A-5 1000.000000 0.000000 5.920953 5.920953 0.000000 1000.000000
A-6 1000.000000 0.000000 6.003764 6.003764 0.000000 1000.000000
A-7 1000.000000 0.000000 6.003763 6.003763 0.000000 1000.000000
A-8 760.399306 46.854732 4.722680 51.577412 0.000000 713.544574
A-9 1000.000000 0.000000 6.107277 6.107277 0.000000 1000.000000
A-10 1000.000000 0.000000 6.210790 6.210790 0.000000 1000.000000
A-11 955.649858 1.521442 0.000000 1.521442 0.000000 954.128416
A-12 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-1 990.912144 0.645492 6.154348 6.799840 0.000000 990.266652
M-2 990.912142 0.645492 6.154348 6.799840 0.000000 990.266650
M-3 990.912142 0.645492 6.154346 6.799838 0.000000 990.266650
B-1 990.912135 0.645488 6.154345 6.799833 0.000000 990.266647
B-2 990.912165 0.645486 6.154330 6.799816 0.000000 990.266679
B-3 990.912167 0.645496 6.154351 6.799847 0.000000 990.266688
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:30:52 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 37,252.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,739.86
MASTER SERVICER ADVANCES THIS MONTH 2,187.06
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 4,313,226.85
(B) TWO MONTHLY PAYMENTS: 1 39,213.48
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 897,470.39
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 175,991,013.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,604
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 285,749.08
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,739,809.93
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.25050280 % 8.27229400 % 1.47720360 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.87708010 % 8.58790710 % 1.53378310 %
BANKRUPTCY AMOUNT AVAILABLE 220,247.00
FRAUD AMOUNT AVAILABLE 6,459,120.27
SPECIAL HAZARD AMOUNT AVAILABLE 2,180,295.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.70044081
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.69
POOL TRADING FACTOR: 80.71891065
................................................................................
Run: 08/31/98 15:31:12 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 21,657,928.63 6.750000 % 5,304,345.19
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 17,136,616.07 10.000000 % 964,426.38
A-4 76110FLP6 38,010,000.00 38,010,000.00 6.750000 % 0.00
A-5 76110FLQ4 17,163,462.00 17,163,462.00 6.750000 % 0.00
A-6 76110FLR2 29,977,000.00 29,977,000.00 7.250000 % 0.00
A-7 76110FLS0 16,065,000.00 16,065,000.00 7.250000 % 0.00
A-8 76110FLT8 54,645,000.00 54,645,000.00 7.250000 % 0.00
A-9 76110FLU5 0.00 0.00 0.990023 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,076,261.12 7.250000 % 5,444.99
M-2 76110FLX9 5,420,000.00 5,384,174.07 7.250000 % 3,630.00
M-3 76110FLY2 4,065,000.00 4,038,130.55 7.250000 % 2,722.50
B-1 1,490,500.00 1,480,647.85 7.250000 % 998.25
B-2 677,500.00 673,021.76 7.250000 % 453.75
B-3 1,219,925.82 1,211,862.18 7.250000 % 817.03
- -------------------------------------------------------------------------------
271,005,025.82 232,939,104.23 6,282,838.09
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 121,779.20 5,426,124.39 0.00 0.00 16,353,583.44
A-2 97,949.98 97,949.98 0.00 0.00 17,420,000.00
A-3 142,750.45 1,107,176.83 0.00 0.00 16,172,189.69
A-4 213,724.38 213,724.38 0.00 0.00 38,010,000.00
A-5 96,507.50 96,507.50 0.00 0.00 17,163,462.00
A-6 181,041.69 181,041.69 0.00 0.00 29,977,000.00
A-7 97,022.21 97,022.21 0.00 0.00 16,065,000.00
A-8 330,020.46 330,020.46 0.00 0.00 54,645,000.00
A-9 192,105.59 192,105.59 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,775.40 54,220.39 0.00 0.00 8,070,816.13
M-2 32,516.93 36,146.93 0.00 0.00 5,380,544.07
M-3 24,387.70 27,110.20 0.00 0.00 4,035,408.05
B-1 8,942.15 9,940.40 0.00 0.00 1,479,649.60
B-2 4,064.61 4,518.36 0.00 0.00 672,568.01
B-3 7,318.87 8,135.90 0.00 0.00 1,211,045.15
- -------------------------------------------------------------------------------
1,598,907.12 7,881,745.21 0.00 0.00 226,656,266.14
===============================================================================
Run: 08/31/98 15:31:12
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-1 402.938207 98.685492 2.265660 100.951152 0.000000 304.252715
A-2 1000.000000 0.000000 5.622846 5.622846 0.000000 1000.000000
A-3 745.993415 41.983535 6.214231 48.197766 0.000000 704.009879
A-4 1000.000000 0.000000 5.622846 5.622846 0.000000 1000.000000
A-5 1000.000000 0.000000 5.622846 5.622846 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039353 6.039353 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039353 6.039353 0.000000 1000.000000
A-8 1000.000000 0.000000 6.039353 6.039353 0.000000 1000.000000
A-9 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-1 993.390052 0.669740 5.999434 6.669174 0.000000 992.720311
M-2 993.390050 0.669742 5.999434 6.669176 0.000000 992.720308
M-3 993.390049 0.669742 5.999434 6.669176 0.000000 992.720308
B-1 993.390037 0.669742 5.999430 6.669172 0.000000 992.720295
B-2 993.390052 0.669742 5.999424 6.669166 0.000000 992.720310
B-3 993.390057 0.669721 5.999439 6.669160 0.000000 992.720316
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:31:14 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 52,148.45
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,293.41
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 3,653,392.78
(B) TWO MONTHLY PAYMENTS: 3 456,169.82
(C) THREE OR MORE MONTHLY PAYMENTS: 1 100,299.24
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 657,688.96
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 226,656,266.14
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,184
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 6,125,791.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.04311080 % 7.51207700 % 1.44481190 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.80103480 % 7.71510470 % 1.48386050 %
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 8.59249118
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.39
POOL TRADING FACTOR: 83.63544752
................................................................................
Run: 08/31/98 15:31:17 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 199,969,492.00 161,303,039.62 7.250000 % 5,844,632.44
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 64,455,781.45 7.250000 % 43,460.43
A-5 7611OFMS9 76,250.57 75,665.80 0.000000 % 66.48
A-6 7611OFMT7 0.00 0.00 0.940842 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,526,766.87 7.250000 % 7,097.86
M-2 7611OFMW0 6,524,000.00 6,477,704.88 7.250000 % 4,367.70
M-3 7611OFMX8 4,893,000.00 4,858,278.65 7.250000 % 3,275.78
B-1 7611OFMY6 1,794,000.00 1,781,269.54 7.250000 % 1,201.05
B-2 7611OFMZ3 816,000.00 810,209.56 7.250000 % 546.30
B-3 7611OFNA7 1,468,094.11 1,457,676.35 7.250000 % 982.86
- -------------------------------------------------------------------------------
326,202,444.68 286,889,392.72 5,905,630.90
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 974,338.17 6,818,970.61 0.00 0.00 155,458,407.18
A-2 60,404.21 60,404.21 0.00 0.00 10,000,000.00
A-3 151,874.29 151,874.29 0.00 0.00 25,143,000.00
A-4 389,340.02 432,800.45 0.00 0.00 64,412,321.02
A-5 0.00 66.48 0.00 0.00 75,599.32
A-6 224,884.85 224,884.85 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,586.10 70,683.96 0.00 0.00 10,519,669.01
M-2 39,128.06 43,495.76 0.00 0.00 6,473,337.18
M-3 29,346.05 32,621.83 0.00 0.00 4,855,002.87
B-1 10,759.62 11,960.67 0.00 0.00 1,780,068.49
B-2 4,894.01 5,440.31 0.00 0.00 809,663.26
B-3 8,804.97 9,787.83 0.00 0.00 1,456,693.49
- -------------------------------------------------------------------------------
1,957,360.35 7,862,991.25 0.00 0.00 280,983,761.82
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 806.638243 29.227621 4.872434 34.100055 0.000000 777.410622
A-2 1000.000000 0.000000 6.040421 6.040421 0.000000 1000.000000
A-3 1000.000000 0.000000 6.040420 6.040420 0.000000 1000.000000
A-4 992.902783 0.669482 5.997550 6.667032 0.000000 992.233301
A-5 992.330943 0.871862 0.000000 0.871862 0.000000 991.459080
A-6 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-1 992.903874 0.669483 5.997557 6.667040 0.000000 992.234391
M-2 992.903875 0.669482 5.997557 6.667039 0.000000 992.234393
M-3 992.903873 0.669483 5.997558 6.667041 0.000000 992.234390
B-1 992.903868 0.669482 5.997559 6.667041 0.000000 992.234387
B-2 992.903873 0.669485 5.997561 6.667046 0.000000 992.234387
B-3 992.903888 0.669480 5.997551 6.667031 0.000000 992.234408
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:31:18 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 59,242.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 48,257.35
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 4,372,054.11
(B) TWO MONTHLY PAYMENTS: 7 793,897.18
(C) THREE OR MORE MONTHLY PAYMENTS: 2 98,007.44
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,128,715.46
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 280,983,761.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,543
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 5,712,177.66
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.96559770 % 7.62263000 % 1.41177180 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.78188610 % 7.77554152 % 1.44047980 %
BANKRUPTCY AMOUNT AVAILABLE 206,726.00
FRAUD AMOUNT AVAILABLE 9,786,073.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,262,024.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.51984082
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.02
POOL TRADING FACTOR: 86.13784673
................................................................................
Run: 08/31/98 15:31:21 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 85,388,478.11 7.000000 % 1,778,889.41
A-2 7611OFMD2 43,142.76 38,848.89 0.000000 % 235.58
A-3 7611OFME0 0.00 0.00 0.990082 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,958,535.48 7.000000 % 11,356.96
M-2 7611OFMH3 892,000.00 867,240.76 7.000000 % 3,329.09
M-3 7611OFMJ9 419,700.00 408,050.40 7.000000 % 1,566.39
B-1 7611OFMK6 367,000.00 356,813.19 7.000000 % 1,369.70
B-2 7611OFML4 262,400.00 255,116.55 7.000000 % 979.32
B-3 7611OFMM2 263,388.53 256,077.62 7.000000 % 983.01
- -------------------------------------------------------------------------------
104,940,731.29 90,529,161.00 1,798,709.46
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 497,567.57 2,276,456.98 0.00 0.00 83,609,588.70
A-2 0.00 235.58 0.00 0.00 38,613.31
A-3 74,612.99 74,612.99 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,239.69 28,596.65 0.00 0.00 2,947,178.52
M-2 5,053.50 8,382.59 0.00 0.00 863,911.67
M-3 2,377.75 3,944.14 0.00 0.00 406,484.01
B-1 2,079.19 3,448.89 0.00 0.00 355,443.49
B-2 1,486.59 2,465.91 0.00 0.00 254,137.23
B-3 1,492.19 2,475.20 0.00 0.00 255,094.61
- -------------------------------------------------------------------------------
601,909.47 2,400,618.93 0.00 0.00 88,730,451.54
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 856.883875 17.851374 4.993152 22.844526 0.000000 839.032501
A-2 900.472988 5.460476 0.000000 5.460476 0.000000 895.012512
A-3 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-1 972.243010 3.732159 5.665360 9.397519 0.000000 968.510851
M-2 972.243004 3.732164 5.665359 9.397523 0.000000 968.510841
M-3 972.243031 3.732166 5.665356 9.397522 0.000000 968.510865
B-1 972.243025 3.732153 5.665368 9.397521 0.000000 968.510872
B-2 972.242950 3.732165 5.665358 9.397523 0.000000 968.510785
B-3 972.242869 3.732167 5.665357 9.397524 0.000000 968.510702
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:31:22 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 18,755.76
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,666.74
SUBSERVICER ADVANCES THIS MONTH 17,257.66
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 14 1,095,624.79
(B) TWO MONTHLY PAYMENTS: 4 630,615.93
(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 88,730,451.54
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,013
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 1,451,134.05
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 48,747.77
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.36201080 % 4.67876200 % 0.95922680 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.26976640 % 4.75324325 % 0.97492100 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,098,815.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,961,157.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.31869493
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 163.72
POOL TRADING FACTOR: 84.55291901
................................................................................
Run: 08/31/98 15:31:46 REPT1B.FRG
Page: 1 of 2
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 33,564,449.91 7.000000 % 4,940,364.11
A-2 76110FNC3 22,405,757.00 18,975,678.41 9.000000 % 705,766.30
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 59,015,568.76 7.250000 % 39,395.18
A-8 76110FNH2 0.00 0.00 0.891831 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,380,264.57 7.250000 % 6,929.23
M-2 76110FNL3 4,471,600.00 4,448,741.67 7.250000 % 2,969.71
M-3 76110FNM1 4,471,500.00 4,448,642.17 7.250000 % 2,969.64
B-1 76110FNN9 1,639,600.00 1,631,218.54 7.250000 % 1,088.90
B-2 76110FNP4 745,200.00 741,390.61 7.250000 % 494.91
B-3 76110FNQ2 1,341,561.05 1,334,703.15 7.250000 % 890.96
- -------------------------------------------------------------------------------
298,104,002.05 270,241,941.79 5,700,868.94
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 195,732.76 5,136,096.87 0.00 0.00 28,624,085.80
A-2 142,274.08 848,040.38 0.00 0.00 18,269,912.11
A-3 366,362.02 366,362.02 0.00 0.00 62,824,125.00
A-4 139,142.50 139,142.50 0.00 0.00 24,294,118.00
A-5 157,035.31 157,035.31 0.00 0.00 26,000,000.00
A-6 136,397.50 136,397.50 0.00 0.00 22,583,041.00
A-7 356,443.38 395,838.56 0.00 0.00 58,976,173.58
A-8 200,780.32 200,780.32 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,694.93 69,624.16 0.00 0.00 10,373,335.34
M-2 26,869.59 29,839.30 0.00 0.00 4,445,771.96
M-3 26,868.99 29,838.63 0.00 0.00 4,445,672.53
B-1 9,852.27 10,941.17 0.00 0.00 1,630,129.64
B-2 4,477.86 4,972.77 0.00 0.00 740,895.70
B-3 8,061.36 8,952.32 0.00 0.00 1,333,812.19
- -------------------------------------------------------------------------------
1,832,992.87 7,533,861.81 0.00 0.00 264,541,072.85
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 582.969169 85.807453 3.399614 89.207067 0.000000 497.161716
A-2 846.910837 31.499329 6.349889 37.849218 0.000000 815.411508
A-3 1000.000000 0.000000 5.831550 5.831550 0.000000 1000.000000
A-4 1000.000000 0.000000 5.727415 5.727415 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039820 6.039820 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039820 6.039820 0.000000 1000.000000
A-7 994.888109 0.664126 6.008945 6.673071 0.000000 994.223983
A-8 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-1 994.888109 0.664126 6.008945 6.673071 0.000000 994.223982
M-2 994.888109 0.664127 6.008943 6.673070 0.000000 994.223983
M-3 994.888107 0.664126 6.008943 6.673069 0.000000 994.223981
B-1 994.888107 0.664125 6.008947 6.673072 0.000000 994.223982
B-2 994.888097 0.664130 6.008937 6.673067 0.000000 994.223967
B-3 994.888119 0.664129 6.008940 6.673069 0.000000 994.223999
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:31:48 rept2.frg
Page: 2 of 2
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 55,821.46
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 895.54
SUBSERVICER ADVANCES THIS MONTH 44,651.73
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,826,303.92
(B) TWO MONTHLY PAYMENTS: 4 662,885.40
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 1,519,585.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 264,541,072.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,419
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,520,471.97
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.49467310 % 7.13347800 % 1.37184930 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.31718300 % 7.28233980 % 1.40047720 %
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 8.47123221
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.34
POOL TRADING FACTOR: 88.74120140
................................................................................
Run: 08/31/98 15:31:59 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 27,774,400.49 7.250000 % 711,339.40
A-2 76110FNT6 30,750,000.00 20,991,308.65 7.250000 % 1,863,755.18
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 62,719,027.25 7.250000 % 42,834.98
A-8 76110FNZ2 15,495,000.00 5,582,047.98 7.250000 % 1,893,216.52
A-9 76110FPA5 68,339,000.00 68,339,000.00 7.000000 % 0.00
A-10 76110fPB3 0.00 0.00 7.250000 % 0.00
A-11 76110FPC1 100,038,312.00 91,013,934.34 0.000000 % 1,719,953.66
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 5.125000 % 0.00
A-14 76110FPF4 0.00 0.00 9.375000 % 0.00
A-15 76110FPG2 26,249,000.00 23,145,186.78 7.000000 % 592,779.07
A-16 76110FPH0 2,386,273.00 2,104,108.13 10.000000 % 53,889.01
A-17 76110FPJ6 139,012.74 135,911.07 0.000000 % 130.11
A-18 76110FPK3 0.00 0.00 0.852313 % 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 16,194,708.12 7.250000 % 11,060.44
M-2 76110FPP2 5,422,000.00 5,397,904.17 7.250000 % 3,686.59
M-3 76110FPQ0 6,507,000.00 6,478,082.35 7.250000 % 4,424.31
B-1 76110FPR8 2,386,000.00 2,375,396.42 7.250000 % 1,622.32
B-2 76110FPS6 1,085,000.00 1,080,178.18 7.250000 % 737.73
B-3 76110FPT4 1,952,210.06 1,943,534.28 7.250000 % 1,327.37
- -------------------------------------------------------------------------------
433,792,422.80 397,553,143.21 6,900,756.69
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 167,716.03 879,055.43 0.00 0.00 27,063,061.09
A-2 126,756.25 1,990,511.43 0.00 0.00 19,127,553.47
A-3 246,365.22 246,365.22 0.00 0.00 40,799,000.00
A-4 40,729.76 40,729.76 0.00 0.00 6,745,000.00
A-5 25,575.61 25,575.61 0.00 0.00 4,235,415.00
A-6 63,398.33 63,398.33 0.00 0.00 10,499,000.00
A-7 378,729.56 421,564.54 0.00 0.00 62,676,192.27
A-8 33,707.26 1,926,923.78 0.00 0.00 3,688,831.46
A-9 398,435.97 398,435.97 0.00 0.00 68,339,000.00
A-10 14,229.85 14,229.85 0.00 0.00 0.00
A-11 0.00 1,719,953.66 0.00 0.00 89,293,980.68
A-12 274,794.34 274,794.34 0.00 0.00 0.00
A-13 97,125.59 97,125.59 0.00 0.00 0.00
A-14 177,668.75 177,668.75 0.00 0.00 0.00
A-15 134,943.08 727,722.15 0.00 0.00 22,552,407.71
A-16 17,525.07 71,414.08 0.00 0.00 2,050,219.12
A-17 0.00 130.11 0.00 0.00 135,780.96
A-18 282,219.11 282,219.11 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 97,791.93 108,852.37 0.00 0.00 16,183,647.68
M-2 32,595.31 36,281.90 0.00 0.00 5,394,217.58
M-3 39,117.97 43,542.28 0.00 0.00 6,473,658.04
B-1 14,343.85 15,966.17 0.00 0.00 2,373,774.10
B-2 6,522.67 7,260.40 0.00 0.00 1,079,440.45
B-3 11,736.06 13,063.43 0.00 0.00 1,942,206.91
- -------------------------------------------------------------------------------
2,682,027.57 9,582,784.26 0.00 0.00 390,652,386.52
===============================================================================
Run: 08/31/98 15:31:59
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
______________________________________________________________________
MOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 881.754992 22.582920 5.324487 27.907407 0.000000 859.172072
A-2 682.644184 60.609925 4.122154 64.732079 0.000000 622.034259
A-3 1000.000000 0.000000 6.038511 6.038511 0.000000 1000.000000
A-4 1000.000000 0.000000 6.038511 6.038511 0.000000 1000.000000
A-5 1000.000000 0.000000 6.038513 6.038513 0.000000 1000.000000
A-6 1000.000000 0.000000 6.038511 6.038511 0.000000 1000.000000
A-7 995.555918 0.679931 6.011676 6.691607 0.000000 994.875986
A-8 360.248337 122.182415 2.175364 124.357779 0.000000 238.065922
A-9 1000.000000 0.000000 5.830287 5.830287 0.000000 1000.000000
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 909.790784 17.192950 0.000000 17.192950 0.000000 892.597835
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-15 881.754992 22.582920 5.140885 27.723805 0.000000 859.172072
A-16 881.754992 22.582920 7.344118 29.927038 0.000000 859.172072
A-17 977.687872 0.935957 0.000000 0.935957 0.000000 976.751915
A-18 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-1 995.555918 0.679931 6.011676 6.691607 0.000000 994.875987
M-2 995.555915 0.679932 6.011677 6.691609 0.000000 994.875983
M-3 995.555917 0.679931 6.011675 6.691606 0.000000 994.875986
B-1 995.555918 0.679933 6.011672 6.691605 0.000000 994.875985
B-2 995.555926 0.679935 6.011677 6.691612 0.000000 994.875991
B-3 995.555919 0.679932 6.011679 6.691611 0.000000 994.875988
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:32:01 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 82,165.83
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 46,814.96
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 4,770,947.08
(B) TWO MONTHLY PAYMENTS: 4 365,654.86
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,150,330.41
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 390,652,386.52
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,380
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 6,629,219.89
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.57817000 % 7.06328100 % 1.35854930 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.43520550 % 7.18068653 % 1.38161130 %
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 8.37823104
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.02
POOL TRADING FACTOR: 90.05514296
................................................................................
Run: 08/31/98 15:32:13 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 53,008,568.96 7.000000 % 2,712,834.08
A-2 76110FPV9 117,395,000.00 105,013,840.76 7.000000 % 2,967,814.04
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 76110FPZ0 0.00 0.00 1.077895 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,307,164.87 7.000000 % 7,725.42
M-2 76110FQD8 4,054,000.00 4,038,166.45 7.000000 % 2,759.01
M-3 76110FQE6 4,865,000.00 4,845,998.95 7.000000 % 3,310.94
B-1 76110FQF3 1,783,800.00 1,776,833.08 7.000000 % 1,213.99
B-2 76110FQG1 810,800.00 807,633.29 7.000000 % 551.80
B-3 76110FQH9 1,459,579.11 1,453,878.47 7.000000 % 993.33
- -------------------------------------------------------------------------------
324,327,779.11 300,534,084.83 5,697,202.61
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 308,792.50 3,021,626.58 0.00 0.00 50,295,734.88
A-2 611,740.47 3,579,554.51 0.00 0.00 102,046,026.72
A-3 299,305.55 299,305.55 0.00 0.00 51,380,000.00
A-4 10,846.77 10,846.77 0.00 0.00 1,862,000.00
A-5 378,879.58 378,879.58 0.00 0.00 65,040,000.00
A-6 269,583.13 269,583.13 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,867.99 73,593.41 0.00 0.00 11,299,439.45
M-2 23,523.66 26,282.67 0.00 0.00 4,035,407.44
M-3 28,229.55 31,540.49 0.00 0.00 4,842,688.01
B-1 10,350.64 11,564.63 0.00 0.00 1,775,619.09
B-2 4,704.73 5,256.53 0.00 0.00 807,081.49
B-3 8,469.33 9,462.66 0.00 0.00 1,452,885.14
- -------------------------------------------------------------------------------
2,020,293.90 7,717,496.51 0.00 0.00 294,836,882.22
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 824.061328 42.173213 4.800431 46.973644 0.000000 781.888115
A-2 894.534186 25.280583 5.210958 30.491541 0.000000 869.253603
A-3 1000.000000 0.000000 5.825332 5.825332 0.000000 1000.000000
A-4 1000.000000 0.000000 5.825333 5.825333 0.000000 1000.000000
A-5 1000.000000 0.000000 5.825332 5.825332 0.000000 1000.000000
A-6 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-1 996.094337 0.680564 5.802580 6.483144 0.000000 995.413774
M-2 996.094339 0.680565 5.802580 6.483145 0.000000 995.413774
M-3 996.094337 0.680563 5.802580 6.483143 0.000000 995.413774
B-1 996.094338 0.680564 5.802579 6.483143 0.000000 995.413774
B-2 996.094339 0.680562 5.802578 6.483140 0.000000 995.413777
B-3 996.094326 0.680559 5.802584 6.483143 0.000000 995.413767
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:32:14 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 62,139.19
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 43,774.60
MASTER SERVICER ADVANCES THIS MONTH 913.88
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 42 5,158,271.42
(B) TWO MONTHLY PAYMENTS: 4 470,458.58
(C) THREE OR MORE MONTHLY PAYMENTS: 1 99,748.78
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 118,706.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 294,836,882.22
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,517
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 119,134.69
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,491,867.98
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.93779460 % 6.71848300 % 1.34372270 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.78762150 % 6.84362646 % 1.36875200 %
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 8.35897568
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.86
POOL TRADING FACTOR: 90.90707032
................................................................................
Run: 08/31/98 15:32:24 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 18,055,068.83 6.750000 % 461,654.02
A-2 76110FQK2 158,282,400.00 142,889,981.30 6.500000 % 3,653,585.31
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 35,859,950.34 6.256250 % 718,947.65
A-5 76110FQN6 0.00 0.00 2.769525 % 0.00
A-6 76110FQP1 13,504,750.00 12,442,428.58 6.156250 % 252,155.43
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 137,717.79 0.000000 % 273.57
A-9 76110FQS5 0.00 0.00 0.978788 % 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 17,293,792.41 7.000000 % 11,730.37
M-2 76110FQW6 5,422,000.00 5,404,185.55 7.000000 % 3,665.66
M-3 76110FQX4 5,422,000.00 5,404,185.55 7.000000 % 3,665.66
B-1 76110FQY2 2,385,700.00 2,377,861.57 7.000000 % 1,612.90
B-2 76110FQZ9 1,084,400.00 1,080,837.12 7.000000 % 733.13
B-3 76110FRA3 1,952,351.82 1,945,937.18 7.000000 % 1,319.92
- -------------------------------------------------------------------------------
433,770,084.51 412,229,846.22 5,109,343.62
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 101,531.37 563,185.39 0.00 0.00 17,593,414.81
A-2 773,771.08 4,427,356.39 0.00 0.00 139,236,395.99
A-3 464,405.17 464,405.17 0.00 0.00 82,584,000.00
A-4 186,905.10 905,852.75 0.00 0.00 35,141,002.69
A-5 111,447.71 111,447.71 0.00 0.00 0.00
A-6 63,814.41 315,969.84 0.00 0.00 12,190,273.15
A-7 505,922.98 505,922.98 0.00 0.00 86,753,900.00
A-8 0.00 273.57 0.00 0.00 137,444.22
A-9 336,144.10 336,144.10 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-1 100,852.26 112,582.63 0.00 0.00 17,282,062.04
M-2 31,515.61 35,181.27 0.00 0.00 5,400,519.89
M-3 31,515.61 35,181.27 0.00 0.00 5,400,519.89
B-1 13,866.98 15,479.88 0.00 0.00 2,376,248.67
B-2 6,303.12 7,036.25 0.00 0.00 1,080,103.99
B-3 11,348.13 12,668.05 0.00 0.00 1,944,617.26
- -------------------------------------------------------------------------------
2,739,343.63 7,848,687.25 0.00 0.00 407,120,502.60
===============================================================================
Run: 08/31/98 15:32:24
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-1 902.753442 23.082701 5.076569 28.159270 0.000000 879.670741
A-2 902.753441 23.082701 4.888548 27.971249 0.000000 879.670740
A-3 1000.000000 0.000000 5.623428 5.623428 0.000000 1000.000000
A-4 922.113931 18.487244 4.806136 23.293380 0.000000 903.626687
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 921.337202 18.671610 4.725331 23.396941 0.000000 902.665592
A-7 1000.000000 0.000000 5.831703 5.831703 0.000000 1000.000000
A-8 992.684493 1.971922 0.000000 1.971922 0.000000 990.712571
A-9 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-1 996.714411 0.676071 5.812542 6.488613 0.000000 996.038341
M-2 996.714414 0.676072 5.812543 6.488615 0.000000 996.038342
M-3 996.714414 0.676072 5.812543 6.488615 0.000000 996.038342
B-1 996.714411 0.676070 5.812541 6.488611 0.000000 996.038341
B-2 996.714423 0.676070 5.812541 6.488611 0.000000 996.038353
B-3 996.714404 0.676067 5.812544 6.488611 0.000000 996.038337
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:32:26 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 85,266.69
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 62,472.35
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 54 5,726,361.09
(B) TWO MONTHLY PAYMENTS: 12 1,692,683.04
(C) THREE OR MORE MONTHLY PAYMENTS: 3 208,817.65
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 746,407.49
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 407,120,502.60
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,400
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,829,676.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.86909990 % 6.81938900 % 1.31151160 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.77261290 % 6.89798270 % 1.32707490 %
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 8.25492644
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.33
POOL TRADING FACTOR: 93.85628865
................................................................................
Run: 08/31/98 15:35:37 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 115,517,963.00 110,938,896.08 6.500000 % 1,534,225.82
A-2 76110FRC9 34,880,737.00 29,758,828.36 6.500000 % 671,567.41
A-3 76110FRD7 0.00 0.00 1.210600 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,867,018.32 6.500000 % 12,350.34
M-2 76110FRG0 785,100.00 773,108.25 6.500000 % 2,469.12
M-3 76110FRH8 707,000.00 696,201.16 6.500000 % 2,223.50
B-1 76110FRJ4 471,200.00 464,002.80 6.500000 % 1,481.92
B-2 76110FRK1 314,000.00 309,203.91 6.500000 % 987.52
B-3 76110FRL9 471,435.62 464,234.84 6.500000 % 1,482.66
- -------------------------------------------------------------------------------
157,074,535.62 147,271,493.72 2,226,788.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 600,493.19 2,134,719.01 0.00 0.00 109,404,670.26
A-2 161,079.42 832,646.83 0.00 0.00 29,087,260.95
A-3 148,473.03 148,473.03 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,931.51 33,281.85 0.00 0.00 3,854,667.98
M-2 4,184.70 6,653.82 0.00 0.00 770,639.13
M-3 3,768.42 5,991.92 0.00 0.00 693,977.66
B-1 2,511.57 3,993.49 0.00 0.00 462,520.88
B-2 1,673.66 2,661.18 0.00 0.00 308,216.39
B-3 2,512.83 3,995.49 0.00 0.00 462,752.18
- -------------------------------------------------------------------------------
945,628.33 3,172,416.62 0.00 0.00 145,044,705.43
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 960.360564 13.281275 5.198267 18.479542 0.000000 947.079289
A-2 853.159392 19.253246 4.618005 23.871251 0.000000 833.906146
A-3 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-1 984.725826 3.144981 5.330153 8.475134 0.000000 981.580845
M-2 984.725831 3.144975 5.330149 8.475124 0.000000 981.580856
M-3 984.725827 3.144979 5.330156 8.475135 0.000000 981.580849
B-1 984.725806 3.144992 5.330157 8.475149 0.000000 981.580815
B-2 984.725828 3.144968 5.330127 8.475095 0.000000 981.580860
B-3 984.725847 3.144989 5.330166 8.475155 0.000000 981.580857
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:35:38 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 30,572.28
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 12,614.21
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 13 1,025,826.91
(B) TWO MONTHLY PAYMENTS: 0 0.00
(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 145,044,705.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,524
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 1,756,438.02
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.53629210 % 3.62346300 % 0.84024510 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.48223830 % 3.66734156 % 0.85042020 %
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 7.98704100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 168.64
POOL TRADING FACTOR: 92.34132373
................................................................................
Run: 08/31/98 15:35:41 REPT1B.FRG
Page: 1 of 2
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 135,006,400.00 121,821,807.28 6.500000 % 2,685,888.17
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 37,922,006.81 6.156250 % 671,472.04
A-I-4 76110FRQ8 0.00 0.00 2.843750 % 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 73,041,815.15 7.000000 % 1,432,633.74
A-V 76110FRU9 0.00 0.00 0.858701 % 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 14,152,221.15 7.000000 % 9,728.17
M-2 76110FRY1 5,067,800.00 5,054,307.71 7.000000 % 3,474.31
M-3 76110FRZ8 5,067,800.00 5,054,307.71 7.000000 % 3,474.31
B-1 76110FSA2 2,230,000.00 2,224,062.94 7.000000 % 1,528.81
B-2 76110FSB0 1,216,400.00 1,213,161.51 7.000000 % 833.92
B-3 76110FSC8 1,621,792.30 1,617,474.52 7.000000 % 1,111.82
- -------------------------------------------------------------------------------
405,421,992.30 386,701,609.78 4,810,145.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 659,593.13 3,345,481.30 0.00 0.00 119,135,919.11
A-I-2 335,854.98 335,854.98 0.00 0.00 59,732,445.00
A-I-3 194,466.72 865,938.76 0.00 0.00 37,250,534.77
A-I-4 89,829.81 89,829.81 0.00 0.00 0.00
A-I-5 378,238.98 378,238.98 0.00 0.00 64,868,000.00
A-II 425,899.70 1,858,533.44 0.00 0.00 71,609,181.41
A-V 276,602.24 276,602.24 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 82,520.22 92,248.39 0.00 0.00 14,142,492.98
M-2 29,471.17 32,945.48 0.00 0.00 5,050,833.40
M-3 29,471.17 32,945.48 0.00 0.00 5,050,833.40
B-1 12,968.29 14,497.10 0.00 0.00 2,222,534.13
B-2 7,073.83 7,907.75 0.00 0.00 1,212,327.59
B-3 9,431.34 10,543.16 0.00 0.00 1,616,362.68
- -------------------------------------------------------------------------------
2,531,421.58 7,341,566.87 0.00 0.00 381,891,464.47
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 902.340980 19.894525 4.885643 24.780168 0.000000 882.446455
A-I-2 1000.000000 0.000000 5.622656 5.622656 0.000000 1000.000000
A-I-3 920.031642 16.290686 4.717987 21.008673 0.000000 903.740955
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.830902 5.830902 0.000000 1000.000000
A-II 971.261986 19.050221 5.663334 24.713555 0.000000 952.211766
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-1 997.337643 0.685565 5.815378 6.500943 0.000000 996.652078
M-2 997.337644 0.685566 5.815377 6.500943 0.000000 996.652078
M-3 997.337644 0.685566 5.815377 6.500943 0.000000 996.652078
B-1 997.337641 0.685565 5.815377 6.500942 0.000000 996.652076
B-2 997.337644 0.685564 5.815381 6.500945 0.000000 996.652080
B-3 997.337649 0.685550 5.815381 6.500931 0.000000 996.652087
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:35:43 rept2.frg
Page: 2 of 2
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 80,109.09
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,245.27
SUBSERVICER ADVANCES THIS MONTH 55,265.54
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 57 6,322,581.23
(B) TWO MONTHLY PAYMENTS: 6 675,018.66
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 540,858.30
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 381,891,464.47
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,233
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,544,352.47
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.41908110 % 6.27378700 % 1.30713160 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.32887170 % 6.34844243 % 1.32268590 %
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 8.18739700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.08
POOL TRADING FACTOR: 94.19604060
................................................................................
Run: 08/31/98 15:32:49 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 151,551,000.00 144,065,114.87 6.750000 % 3,588,950.51
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 76110FSJ3 0.00 0.00 1.029355 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,625,206.93 6.750000 % 8,616.00
M-2 76110FSM6 4,216,900.00 4,208,402.30 6.750000 % 2,872.00
M-3 76110FSN4 4,392,600.00 4,383,748.25 6.750000 % 2,991.67
B-1 76110FSP9 1,757,100.00 1,753,559.18 6.750000 % 1,196.71
B-2 76110FSQ7 1,054,300.00 1,052,175.43 6.750000 % 718.05
B-3 76110FSR5 1,405,623.28 1,402,790.74 6.750000 % 957.33
- -------------------------------------------------------------------------------
351,405,323.28 343,867,997.70 3,606,302.27
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 810,180.02 4,399,130.53 0.00 0.00 140,476,164.36
A-2 427,044.64 427,044.64 0.00 0.00 75,936,500.00
A-3 98,335.02 98,335.02 0.00 0.00 17,485,800.00
A-4 74,034.42 74,034.42 0.00 0.00 13,164,700.00
A-5 381,231.11 381,231.11 0.00 0.00 67,790,000.00
A-6 294,900.87 294,900.87 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 71,000.47 79,616.47 0.00 0.00 12,616,590.93
M-2 23,666.82 26,538.82 0.00 0.00 4,205,530.30
M-3 24,652.91 27,644.58 0.00 0.00 4,380,756.58
B-1 9,861.50 11,058.21 0.00 0.00 1,752,362.47
B-2 5,917.13 6,635.18 0.00 0.00 1,051,457.38
B-3 7,888.89 8,846.22 0.00 0.00 1,401,833.41
- -------------------------------------------------------------------------------
2,228,713.80 5,835,016.07 0.00 0.00 340,261,695.43
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 950.604845 23.681470 5.345923 29.027393 0.000000 926.923375
A-2 1000.000000 0.000000 5.623707 5.623707 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623707 5.623707 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623707 5.623707 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623707 5.623707 0.000000 1000.000000
A-6 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-1 997.984849 0.681069 5.612375 6.293444 0.000000 997.303780
M-2 997.984847 0.681069 5.612374 6.293443 0.000000 997.303778
M-3 997.984850 0.681070 5.612373 6.293443 0.000000 997.303779
B-1 997.984850 0.681071 5.612373 6.293444 0.000000 997.303779
B-2 997.984853 0.681068 5.612378 6.293446 0.000000 997.303785
B-3 997.984851 0.681072 5.612379 6.293451 0.000000 997.303780
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:32:50 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 71,377.16
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,859.97
SUBSERVICER ADVANCES THIS MONTH 61,162.24
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 53 7,118,685.21
(B) TWO MONTHLY PAYMENTS: 6 694,445.25
(C) THREE OR MORE MONTHLY PAYMENTS: 4 373,034.48
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 254,436.94
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 340,261,695.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,729
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 3,371,631.41
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.60591770 % 6.17020400 % 1.22387820 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.53265020 % 6.23134431 % 1.23600550 %
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 8.10661224
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.18
POOL TRADING FACTOR: 96.82883920
................................................................................
Run: 08/31/98 15:35:46 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 19,894,594.95 6.750000 % 217,249.58
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 15,762,822.31 6.750000 % 417,119.20
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 134,212,616.26 6.750000 % 1,776,156.56
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 75,383,712.14 6.750000 % 332,134.13
NB-2 76110FTA1 4,494,000.00 1,603,351.12 6.750000 % 1,351,724.64
NB-3 76110FTB9 9,662,500.00 9,662,500.00 6.750000 % 0.00
NB-4 76110FTC7 10,000,000.00 9,621,635.55 6.750000 % 185,975.91
A-P 76110FTE3 57,464.36 57,352.16 0.000000 % 60.45
A-V 76110FTD5 0.00 0.00 0.971398 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 13,057,538.77 6.750000 % 9,004.36
M-2 76110FTH6 5,029,000.00 5,022,091.89 6.750000 % 3,463.19
M-3 76110FTJ2 4,224,500.00 4,218,697.00 6.750000 % 2,909.18
B-1 76110FTK9 2,011,600.00 2,008,836.76 6.750000 % 1,385.28
B-2 76110FTL7 1,207,000.00 1,205,342.00 6.750000 % 831.19
B-3 76110FTM5 1,609,449.28 1,607,238.42 6.750000 % 1,108.34
- -------------------------------------------------------------------------------
402,311,611.64 395,383,952.33 4,299,122.01
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 111,865.66 329,115.24 0.00 0.00 19,677,345.37
CB-2 221,054.26 221,054.26 0.00 0.00 39,313,092.00
CB-3 77,674.45 77,674.45 0.00 0.00 13,813,906.00
CB-4 88,633.05 505,752.25 0.00 0.00 15,345,703.11
CB-5 115,269.80 115,269.80 0.00 0.00 20,500,000.00
CB-6 754,666.42 2,530,822.98 0.00 0.00 132,436,459.70
CB-7 159,908.04 159,908.04 0.00 0.00 28,438,625.00
NB-1 423,876.36 756,010.49 0.00 0.00 75,051,578.01
NB-2 0.00 1,351,724.64 9,015.51 0.00 260,641.99
NB-3 54,331.43 54,331.43 0.00 0.00 9,662,500.00
NB-4 54,101.66 240,077.57 0.00 0.00 9,435,659.64
A-P 0.00 60.45 0.00 0.00 57,291.71
A-V 319,944.16 319,944.16 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,421.46 82,425.82 0.00 0.00 13,048,534.41
M-2 28,238.81 31,702.00 0.00 0.00 5,018,628.70
M-3 23,721.38 26,630.56 0.00 0.00 4,215,787.82
B-1 11,295.53 12,680.81 0.00 0.00 2,007,451.48
B-2 6,777.54 7,608.73 0.00 0.00 1,204,510.81
B-3 9,037.37 10,145.71 0.00 0.00 1,606,130.07
- -------------------------------------------------------------------------------
2,533,817.38 6,832,939.39 9,015.51 0.00 391,093,845.82
===============================================================================
Run: 08/31/98 15:35:46
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-1 986.131910 10.768591 5.544938 16.313529 0.000000 975.363319
CB-2 1000.000000 0.000000 5.622917 5.622917 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.622917 5.622917 0.000000 1000.000000
CB-4 967.044313 25.590135 5.437610 31.027745 0.000000 941.454179
CB-5 1000.000000 0.000000 5.622917 5.622917 0.000000 1000.000000
CB-6 983.242610 13.012136 5.528692 18.540828 0.000000 970.230474
CB-7 1000.000000 0.000000 5.622917 5.622917 0.000000 1000.000000
NB-1 993.191246 4.375915 5.584632 9.960547 0.000000 988.815331
NB-2 356.775950 300.784299 0.000000 300.784299 2.006121 57.997773
NB-3 1000.000000 0.000000 5.622916 5.622916 0.000000 1000.000000
NB-4 962.163555 18.597591 5.410166 24.007757 0.000000 943.565964
A-P 998.047485 1.051921 0.000000 1.051921 0.000000 996.995564
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-1 998.626345 0.688644 5.615193 6.303837 0.000000 997.937701
M-2 998.626345 0.688644 5.615194 6.303838 0.000000 997.937701
M-3 998.626346 0.688645 5.615192 6.303837 0.000000 997.937702
B-1 998.626347 0.688646 5.615197 6.303843 0.000000 997.937701
B-2 998.626346 0.688641 5.615195 6.303836 0.000000 997.937705
B-3 998.626325 0.688645 5.615194 6.303839 0.000000 997.937671
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:35:49 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 81,958.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,625.60
SUBSERVICER ADVANCES THIS MONTH 94,696.54
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 89 11,816,726.18
(B) TWO MONTHLY PAYMENTS: 7 970,415.06
(C) THREE OR MORE MONTHLY PAYMENTS: 2 316,050.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 391,093,845.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,052
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,017,465.97
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.12640360 % 5.63966400 % 1.21942660 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.06943480 % 5.69759692 % 1.23213350 %
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 8.04779100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.21
POOL TRADING FACTOR: 97.21167237
................................................................................
Run: 08/31/98 15:35:51 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 172,668,000.00 171,412,830.66 6.750000 % 2,582,183.73
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 77,531,035.24 6.750000 % 376,271.61
NB-3 76110FUE1 3,780,000.00 2,917,445.39 6.750000 % 1,827,273.85
NB-4 76110FUF1 13,684,000.00 13,684,000.00 6.750000 % 0.00
A-P 76110FUF8 73,404.89 73,338.88 0.000000 % 63.26
A-V 76110FUG6 0.00 0.00 0.970412 % 0.00
R 76110FUH4 100.00 0.00 6.750000 % 0.00
M-1 76110FUJ0 13,245,900.00 13,236,870.83 6.750000 % 9,007.20
M-2 76110FUK5 5,094,600.00 5,091,127.23 6.750000 % 3,464.32
M-3 76110FUM3 4,279,400.00 4,276,482.91 6.750000 % 2,909.99
B-1 76110FUN1 2,037,800.00 2,036,410.92 6.750000 % 1,385.70
B-2 76110FUP6 1,222,600.00 1,221,766.61 6.750000 % 831.37
B-3 76110FUQ4 1,631,527.35 1,630,415.20 6.750000 % 1,109.44
- -------------------------------------------------------------------------------
407,565,332.24 405,119,723.87 4,804,500.47
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 963,860.66 3,546,044.39 0.00 0.00 168,830,646.93
CB-2 199,904.59 199,904.59 0.00 0.00 35,551,000.00
CB-3 248,622.58 248,622.58 0.00 0.00 44,215,000.00
NB-1 181,297.95 181,297.95 0.00 0.00 32,242,000.00
NB-2 435,959.86 812,231.47 0.00 0.00 77,154,763.63
NB-3 0.00 1,827,273.85 16,404.90 0.00 1,106,576.44
NB-4 76,945.64 76,945.64 0.00 0.00 13,684,000.00
A-P 0.00 63.26 0.00 0.00 73,275.62
A-V 327,496.48 327,496.48 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 74,431.41 83,438.61 0.00 0.00 13,227,863.63
M-2 28,627.60 32,091.92 0.00 0.00 5,087,662.91
M-3 24,046.82 26,956.81 0.00 0.00 4,273,572.92
B-1 11,450.81 12,836.51 0.00 0.00 2,035,025.22
B-2 6,870.04 7,701.41 0.00 0.00 1,220,935.24
B-3 9,167.89 10,277.33 0.00 0.00 1,629,305.75
- -------------------------------------------------------------------------------
2,588,682.33 7,393,182.80 16,404.90 0.00 400,331,628.29
===============================================================================
Run: 08/31/98 15:35:51
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-1 992.730736 14.954617 5.582161 20.536778 0.000000 977.776119
CB-2 1000.000000 0.000000 5.623037 5.623037 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.623037 5.623037 0.000000 1000.000000
NB-1 1000.000000 0.000000 5.623037 5.623037 0.000000 1000.000000
NB-2 996.030771 4.833911 5.600718 10.434629 0.000000 991.196861
NB-3 771.810950 483.405779 0.000000 483.405779 4.339921 292.745091
NB-4 1000.000000 0.000000 5.623037 5.623037 0.000000 1000.000000
A-P 999.100741 0.861775 0.000000 0.861775 0.000000 998.238966
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-1 999.318342 0.679999 5.619204 6.299203 0.000000 998.638343
M-2 999.318343 0.679998 5.619205 6.299203 0.000000 998.638345
M-3 999.318341 0.680000 5.619204 6.299204 0.000000 998.638342
B-1 999.318343 0.679998 5.619202 6.299200 0.000000 998.638345
B-2 999.318346 0.680002 5.619205 6.299207 0.000000 998.638345
B-3 999.318338 0.680001 5.619207 6.299208 0.000000 998.638331
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:35:53 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 83,934.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,977.96
SUBSERVICER ADVANCES THIS MONTH 96,572.16
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 98 11,204,904.34
(B) TWO MONTHLY PAYMENTS: 16 2,078,578.53
(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 400,331,628.30
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,898
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,512,418.87
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.19548990 % 5.57970400 % 1.20670320 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.13584200 % 5.64259675 % 1.22052820 %
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 8.04692100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.12
POOL TRADING FACTOR: 98.22514248
................................................................................
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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 124,454,000.00 123,566,826.14 6.500000 % 1,398,486.76
NB 76110FTP8 41,430,000.00 41,284,407.99 6.500000 % 175,186.40
A-P 76110FTQ6 63,383.01 63,146.23 0.000000 % 237.28
A-V 76110FTV5 0.00 0.00 0.944706 % 0.00
R 76110FTR4 100.00 0.00 6.500000 % 0.00
M-1 76110FTS2 4,507,000.00 4,493,093.48 6.500000 % 13,946.80
M-2 76110FTT0 780,000.00 777,593.28 6.500000 % 2,413.69
M-3 76110FTU7 693,500.00 691,360.18 6.500000 % 2,146.02
B-1 76110FTW3 520,000.00 518,395.52 6.500000 % 1,609.13
B-2 76110FTX1 433,500.00 432,162.42 6.500000 % 1,341.46
B-3 76110FTY9 433,464.63 432,127.16 6.500000 % 1,341.35
- -------------------------------------------------------------------------------
173,314,947.64 172,259,112.40 1,596,708.89
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 668,846.71 2,067,333.47 0.00 0.00 122,168,339.38
NB 223,465.65 398,652.05 0.00 0.00 41,109,221.59
A-P 0.00 237.28 0.00 0.00 62,908.95
A-V 135,515.88 135,515.88 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 24,320.37 38,267.17 0.00 0.00 4,479,146.68
M-2 4,208.98 6,622.67 0.00 0.00 775,179.59
M-3 3,742.22 5,888.24 0.00 0.00 689,214.16
B-1 2,805.99 4,415.12 0.00 0.00 516,786.39
B-2 2,339.22 3,680.68 0.00 0.00 430,820.96
B-3 2,339.03 3,680.38 0.00 0.00 430,785.81
- -------------------------------------------------------------------------------
1,067,584.05 2,664,292.94 0.00 0.00 170,662,403.51
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 992.871472 11.236977 5.374248 16.611225 0.000000 981.634495
NB 996.485831 4.228491 5.393812 9.622303 0.000000 992.257340
A-P 996.264299 3.743553 0.000000 3.743553 0.000000 992.520746
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-1 996.914462 3.094475 5.396133 8.490608 0.000000 993.819987
M-2 996.914462 3.094474 5.396128 8.490602 0.000000 993.819987
M-3 996.914463 3.094477 5.396136 8.490613 0.000000 993.819986
B-1 996.914462 3.094481 5.396135 8.490616 0.000000 993.819981
B-2 996.914464 3.094487 5.396125 8.490612 0.000000 993.819977
B-3 996.914466 3.094485 5.396127 8.490612 0.000000 993.819975
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
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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 35,802.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 10,418.87
SUBSERVICER ADVANCES THIS MONTH 35,261.01
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 3,509,377.03
(B) TWO MONTHLY PAYMENTS: 3 297,766.78
(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 170,662,403.51
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,707
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 1,061,986.94
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.69957250 % 3.46109200 % 0.80267750 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.70811530 % 3.48263021 % 0.80797020 %
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 7.77111000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 173.56
POOL TRADING FACTOR: 98.46952374
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS10(POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4313
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FUR2 25,000,000.00 24,773,554.72 6.750000 % 278,641.08
A-2 76110FUS0 29,011,000.00 28,209,727.91 6.750000 % 985,965.91
A-3 76110FUT8 12,434,000.00 12,434,000.00 6.750000 % 0.00
A-4 76110FUU5 17,404,000.00 17,404,000.00 6.750000 % 0.00
A-5 76110FUV3 7,831,000.00 7,831,000.00 6.750000 % 0.00
A-6 76110FUW1 13,853,000.00 13,853,000.00 6.750000 % 0.00
A-7 76110FUX9 14,886,000.00 14,886,000.00 6.750000 % 0.00
A-8 76110FUY7 8,409,000.00 8,409,000.00 6.750000 % 0.00
A-9 76110FUZ4 5,000,000.00 5,000,000.00 6.750000 % 0.00
A-10 76110FVA8 16,186,000.00 16,175,240.39 6.750000 % 10,815.39
A-11 76110FVB6 10,998.00 10,869.50 0.000000 % 10.03
A-12 76110FVC4 0.00 0.00 1.030056 % 0.00
R 76110FVD2 100.00 0.00 6.750000 % 0.00
M-1 76110FVE0 4,827,000.00 4,823,791.26 6.750000 % 3,225.37
M-2 76110FVF7 2,011,300.00 2,009,962.99 6.750000 % 1,343.94
M-3 76110FVG5 2,011,300.00 2,009,962.99 6.750000 % 1,343.94
B-1 76110FVH3 884,900.00 884,311.76 6.750000 % 591.28
B-2 76110FVJ9 482,700.00 482,379.13 6.750000 % 322.54
B-3 76110FVK6 643,577.01 643,149.20 6.750000 % 430.05
- -------------------------------------------------------------------------------
160,885,875.01 159,839,949.85 1,282,689.53
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 139,322.87 417,963.95 0.00 0.00 24,494,913.64
A-2 158,647.40 1,144,613.31 0.00 0.00 27,223,762.00
A-3 69,927.00 69,927.00 0.00 0.00 12,434,000.00
A-4 97,877.56 97,877.56 0.00 0.00 17,404,000.00
A-5 44,040.41 44,040.41 0.00 0.00 7,831,000.00
A-6 77,907.26 77,907.26 0.00 0.00 13,853,000.00
A-7 83,716.70 83,716.70 0.00 0.00 14,886,000.00
A-8 47,291.00 47,291.00 0.00 0.00 8,409,000.00
A-9 28,119.27 28,119.27 0.00 0.00 5,000,000.00
A-10 90,967.20 101,782.59 0.00 0.00 16,164,425.00
A-11 0.00 10.03 0.00 0.00 10,859.47
A-12 137,175.51 137,175.51 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 27,128.30 30,353.67 0.00 0.00 4,820,565.89
M-2 11,303.74 12,647.68 0.00 0.00 2,008,619.05
M-3 11,303.74 12,647.68 0.00 0.00 2,008,619.05
B-1 4,973.24 5,564.52 0.00 0.00 883,720.48
B-2 2,712.83 3,035.37 0.00 0.00 482,056.59
B-3 3,616.97 4,047.02 0.00 0.00 642,719.15
- -------------------------------------------------------------------------------
1,036,031.00 2,318,720.53 0.00 0.00 158,557,260.32
===============================================================================
Run: 08/31/98 15:33:08
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS10(POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4313
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 990.942189 11.145643 5.572915 16.718558 0.000000 979.796546
A-2 972.380404 33.985933 5.468526 39.454459 0.000000 938.394471
A-3 1000.000000 0.000000 5.623854 5.623854 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623854 5.623854 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 5.623855 5.623855 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623854 5.623854 0.000000 1000.000000
A-10 999.335252 0.668194 5.620116 6.288310 0.000000 998.667058
A-11 988.316057 0.911984 0.000000 0.911984 0.000000 987.404074
A-12 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-1 999.335252 0.668193 5.620116 6.288309 0.000000 998.667058
M-2 999.335251 0.668195 5.620116 6.288311 0.000000 998.667056
M-3 999.335251 0.668195 5.620116 6.288311 0.000000 998.667056
B-1 999.335247 0.668188 5.620115 6.288303 0.000000 998.667058
B-2 999.335260 0.668200 5.620116 6.288316 0.000000 998.667060
B-3 999.335262 0.668187 5.620104 6.288291 0.000000 998.667044
_______________________________________________________________________________
DETERMINATION DATE 20-August-98
DISTRIBUTION DATE 25-August-98
Run: 08/31/98 15:33:09 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS10 (POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4313
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 33,152.07
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,376.55
SUBSERVICER ADVANCES THIS MONTH 69,259.55
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 62 9,205,986.11
(B) TWO MONTHLY PAYMENTS: 2 514,600.00
(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 158,557,260.32
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,179
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 1,175,811.61
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.20927250 % 5.53323400 % 1.25749340 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.15891110 % 5.57388793 % 1.26681920 %
BANKRUPTCY AMOUNT AVAILABLE 132,896.00
FRAUD AMOUNT AVAILABLE 3,217,718.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,608,859.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.10940633
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.22
POOL TRADING FACTOR: 98.55262950
................................................................................
