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)
June 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 June 1998 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
<PAGE>
Master Serviced by Residential Funding Corporation
1995-QS1 1996-QS1 1996-QS2 1996-QS3 1996-QS4 1996-QS5 1996-QS7 1996-QS8
1997-QS1 1997-QS2 1997-QS3 1997-QS4 1997-QS5 1997-QS6 1997-QS7 1997-QS8 1997-QS9
1997-QS10 1997-QS11 1997-QS12 1997-QS13 1998-QS1 1998-QS2 1998-QS3GR1 1998-QS4
1998-QS5 1998-QS6
Item 7. Financial Statements and Exhibits (a) Not applicable (b) Not applicable
(c) See Item 5.
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: June 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: June 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 20,875,559.03 6.900000 % 6,476,102.14
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
- -------------------------------------------------------------------------------
258,459,514.42 144,660,694.66 6,476,102.14
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 120,034.46 6,596,136.60 0.00 0.00 14,399,456.89
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 0.00 0.00 0.00 0.00 2,319,471.03
- -------------------------------------------------------------------------------
875,444.88 7,351,547.02 0.00 0.00 138,177,927.92
===============================================================================
_______________________________________________________________________________
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-2 253.037079 78.498208 1.454963 79.953171 0.000000 174.538871
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 22-June-98
DISTRIBUTION DATE 25-June-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 29,098.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 112.42
SUBSERVICER ADVANCES THIS MONTH 71,311.01
MASTER SERVICER ADVANCES THIS MONTH 8,314.05
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 3,592,171.67
(B) TWO MONTHLY PAYMENTS: 14 1,593,265.88
(C) THREE OR MORE MONTHLY PAYMENTS: 3 429,478.80
FORECLOSURES
NUMBER OF LOANS 23
AGGREGATE PRINCIPAL BALANCE 3,102,527.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 138,177,927.92
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,587
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,025,183.15
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,896,424.99
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.39200580 % 1.60799420 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.32138820 % 1.67861180 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33076124
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 295.30
POOL TRADING FACTOR: 53.46211697
................................................................................
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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 22,264,568.73 6.250000 % 4,627,626.37
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 13,226,309.56 6.027500 % 371,249.67
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 144,883,608.77 4,998,876.04
===============================================================================
_______________________________________________________________________________
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-2 115,961.30 4,743,587.67 0.00 0.00 17,636,942.36
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 68,649.14 439,898.81 0.00 0.00 12,855,059.89
R 185,386.56 185,386.56 0.00 0.00 2,026,594.48
- -------------------------------------------------------------------------------
988,387.25 5,987,263.29 0.00 0.00 139,884,732.73
===============================================================================
_______________________________________________________________________________
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-2 331.387026 68.877837 1.725974 70.603811 0.000000 262.509189
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 450.257837 12.638300 2.336995 14.975295 0.000000 437.619537
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-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 30,462.25
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 86,671.31
MASTER SERVICER ADVANCES THIS MONTH 19,934.29
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 44 5,415,104.90
(B) TWO MONTHLY PAYMENTS: 10 1,578,551.21
(C) THREE OR MORE MONTHLY PAYMENTS: 2 215,292.41
FORECLOSURES
NUMBER OF LOANS 18
AGGREGATE PRINCIPAL BALANCE 3,551,582.66
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 139,884,732.73
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,249
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 2,470,840.30
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,558,153.42
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.60122580 % 1.39877420 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.55123970 % 1.44876030 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,584,285.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,584,285.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.97366200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 305.78
POOL TRADING FACTOR: 54.65483414
................................................................................
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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 26,180,748.31 7.050000 % 3,996,101.65
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 178,007.00 132,754.33 0.000000 % 155.73
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 125,366,027.82 3,996,257.38
===============================================================================
_______________________________________________________________________________
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-3 153,811.90 4,149,913.55 0.00 0.00 22,184,646.66
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 0.00 155.73 0.00 0.00 132,598.60
R 114,181.90 114,181.90 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
862,494.28 4,858,751.66 0.00 0.00 121,369,770.44
===============================================================================
_______________________________________________________________________________
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-3 918.622748 140.214093 5.396909 145.611002 0.000000 778.408655
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-10 745.781514 0.874853 0.000000 0.874853 0.000000 744.906661
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-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 25,837.16
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 61,006.78
MASTER SERVICER ADVANCES THIS MONTH 3,653.33
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 4,616,590.17
(B) TWO MONTHLY PAYMENTS: 5 586,634.70
(C) THREE OR MORE MONTHLY PAYMENTS: 1 442,540.24
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 2,114,620.49
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 121,369,770.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,222
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 488,915.22
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,746,996.62
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.54895760 % 1.45104240 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.50118020 % 1.49881980 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78152756
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 310.99
POOL TRADING FACTOR: 66.71916022
................................................................................
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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 10,490,936.98 7.290000 % 2,651,492.91
A-I-4 76110FBF9 25,000,000.00 18,621,512.15 7.250000 % 4,706,424.94
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 15,861,936.70 7.750000 % 788,384.22
A-P 76110FBQ5 1,166,695.86 1,012,531.65 0.000000 % 65,983.36
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 12,242,191.19 7.750000 % 11,737.22
M-2 76110FBU6 5,568,000.00 5,440,756.69 7.750000 % 5,216.33
M-3 76110FBV4 4,176,000.00 4,080,567.53 7.750000 % 3,912.25
B-1 1,809,600.00 1,768,245.92 7.750000 % 1,695.31
B-2 696,000.00 680,094.58 7.750000 % 652.04
B-3 1,670,738.96 1,553,752.90 7.750000 % 1,489.66
SPRED 0.00 0.00 0.707798 % 0.00
A-V 7611OFHY2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 197,539,088.29 8,236,988.24
===============================================================================
_______________________________________________________________________________
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 63,258.69 2,714,751.60 0.00 0.00 7,839,444.07
A-I-4 111,668.67 4,818,093.61 0.00 0.00 13,915,087.21
A-I-5 114,690.25 114,690.25 0.00 0.00 18,587,000.00
A-I-6 139,078.43 139,078.43 0.00 0.00 21,696,000.00
A-I-7 51,583.89 51,583.89 0.00 0.00 8,047,000.00
A-I-8 111,770.44 111,770.44 0.00 0.00 17,436,000.00
A-I-9 161,187.64 161,187.64 0.00 0.00 25,145,000.00
A-I-10 121,796.19 121,796.19 0.00 0.00 19,000,000.00
A-I-11 101,767.52 101,767.52 0.00 0.00 15,875,562.00
A-II 101,680.18 890,064.40 0.00 0.00 15,073,552.48
A-P 0.00 65,983.36 0.00 0.00 946,548.29
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 78,476.43 90,213.65 0.00 0.00 12,230,453.97
M-2 34,877.02 40,093.35 0.00 0.00 5,435,540.36
M-3 26,157.77 30,070.02 0.00 0.00 4,076,655.28
B-1 11,335.03 13,030.34 0.00 0.00 1,766,550.61
B-2 4,359.63 5,011.67 0.00 0.00 679,442.54
B-3 9,960.06 11,449.72 0.00 0.00 1,552,263.24
SPRED 115,648.70 115,648.70 0.00 0.00 0.00
A-V 16,151.39 16,151.39 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,375,447.93 9,612,436.17 0.00 0.00 189,302,100.05
===============================================================================
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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-3 990.084653 250.235269 5.970054 256.205323 0.000000 739.849384
A-I-4 744.860486 188.256998 4.466747 192.723745 0.000000 556.603488
A-I-5 1000.000000 0.000000 6.170455 6.170455 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.410326 6.410326 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.410326 6.410326 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.410326 6.410326 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.410326 6.410326 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.410326 6.410326 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.410326 6.410326 0.000000 1000.000000
A-II 771.816391 38.361511 4.947594 43.309105 0.000000 733.454879
A-P 867.862555 56.555747 0.000000 56.555747 0.000000 811.306808
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-1 977.147399 0.936842 6.263833 7.200675 0.000000 976.210558
M-2 977.147394 0.936841 6.263833 7.200674 0.000000 976.210553
M-3 977.147397 0.936841 6.263834 7.200675 0.000000 976.210556
B-1 977.147392 0.936842 6.263832 7.200674 0.000000 976.210549
B-2 977.147385 0.936839 6.263836 7.200675 0.000000 976.210546
B-3 929.979451 0.891617 5.961470 6.853087 0.000000 929.087831
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 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:23:01 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 40,582.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 65,855.06
MASTER SERVICER ADVANCES THIS MONTH 1,823.65
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 49 6,146,870.48
(B) TWO MONTHLY PAYMENTS: 11 885,303.45
(C) THREE OR MORE MONTHLY PAYMENTS: 2 204,751.10
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,098,531.05
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 189,302,100.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,837
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 229,810.13
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,039,755.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.44413080 % 11.01732100 % 2.02597540 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 86.33387450 % 11.48568854 % 2.12271760 %
BANKRUPTCY AMOUNT AVAILABLE 164,142.00
FRAUD AMOUNT AVAILABLE 2,495,950.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,495,950.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.74810300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 310.66
POOL TRADING FACTOR: 67.99528757
................................................................................
Run: 07/02/98 09:23:02 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 7,389,689.44 11.000000 % 1,118,443.70
A-I-3 76110FBY8 15,646,000.00 3,988,377.72 7.300000 % 3,988,377.72
A-I-4 76110FBZ5 32,740,000.00 32,740,000.00 7.500000 % 1,126,456.77
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 9,430,797.56 7.250000 % 402,100.54
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,432,280.37 0.000000 % 41,516.93
A-V 76110FGN7 0.00 0.00 0.756299 % 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 12,954,056.19 8.000000 % 13,990.74
M-2 76110FCN1 5,570,800.00 5,454,401.27 8.000000 % 5,890.90
M-3 76110FCP6 4,456,600.00 4,363,481.87 8.000000 % 4,712.68
B-1 76110FCR2 2,228,400.00 2,181,838.85 8.000000 % 2,356.45
B-2 76110FCS0 696,400.00 681,849.11 8.000000 % 736.42
B-3 76110FCT8 1,671,255.97 1,199,639.61 8.000000 % 1,295.64
STRIP 0.00 0.00 0.128695 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 193,192,411.99 6,705,878.49
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 67,268.33 1,185,712.03 0.00 0.00 6,271,245.74
A-I-3 24,094.11 4,012,471.83 0.00 0.00 0.00
A-I-4 203,203.76 1,329,660.53 0.00 0.00 31,613,543.23
A-I-5 63,867.55 63,867.55 0.00 0.00 10,023,000.00
A-I-6 177,498.55 177,498.55 0.00 0.00 26,811,000.00
A-I-7 119,471.07 119,471.07 0.00 0.00 18,046,000.00
A-I-8 60,205.58 60,205.58 0.00 0.00 9,094,000.00
A-I-9 68,083.81 68,083.81 0.00 0.00 10,284,000.00
A-I-10 180,032.65 180,032.65 0.00 0.00 27,538,000.00
A-II-1 56,582.00 458,682.54 0.00 0.00 9,028,697.02
A-II-2 54,317.59 54,317.59 0.00 0.00 8,580,000.00
A-P 0.00 41,516.93 0.00 0.00 2,390,763.44
A-V 120,913.74 120,913.74 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 85,760.55 99,751.29 0.00 0.00 12,940,065.45
M-2 36,110.12 42,001.02 0.00 0.00 5,448,510.37
M-3 28,887.83 33,600.51 0.00 0.00 4,358,769.19
B-1 14,444.56 16,801.01 0.00 0.00 2,179,482.40
B-2 4,514.09 5,250.51 0.00 0.00 681,112.69
B-3 7,942.05 9,237.69 0.00 0.00 1,143,900.81
STRIP 10,617.07 10,617.07 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,383,815.01 8,089,693.50 0.00 0.00 186,432,090.34
===============================================================================
Run: 07/02/98 09:23:02
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-2 274.250861 41.508395 2.496505 44.004900 0.000000 232.742466
A-I-3 254.913570 254.913570 1.539953 256.453523 0.000000 0.000000
A-I-4 1000.000000 34.406132 6.206590 40.612722 0.000000 965.593868
A-I-5 1000.000000 0.000000 6.372099 6.372099 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.620363 6.620363 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.620363 6.620363 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.620363 6.620363 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.620363 6.620363 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.537608 6.537608 0.000000 1000.000000
A-II-1 588.652241 25.098342 3.531740 28.630082 0.000000 563.553899
A-II-2 1000.000000 0.000000 6.330721 6.330721 0.000000 1000.000000
A-P 800.187515 13.658511 0.000000 13.658511 0.000000 786.529004
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-1 979.105566 1.057461 6.482034 7.539495 0.000000 978.048105
M-2 979.105563 1.057460 6.482035 7.539495 0.000000 978.048103
M-3 979.105567 1.057461 6.482033 7.539494 0.000000 978.048106
B-1 979.105569 1.057463 6.482032 7.539495 0.000000 978.048106
B-2 979.105557 1.057467 6.482036 7.539503 0.000000 978.048090
B-3 717.807225 0.775249 4.752145 5.527394 0.000000 684.455780
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:23:03 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 39,469.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 62,668.25
MASTER SERVICER ADVANCES THIS MONTH 1,789.43
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 5,051,357.53
(B) TWO MONTHLY PAYMENTS: 5 405,130.24
(C) THREE OR MORE MONTHLY PAYMENTS: 1 63,583.52
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 1,982,219.83
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 186,432,090.34
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,966
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 223,623.93
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,451,662.04
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.85057100 % 11.78718100 % 2.10325420 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.46422080 % 12.20141070 % 2.17586780 %
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 8.98005800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 302.65
POOL TRADING FACTOR: 66.93290212
................................................................................
Run: 07/02/98 09:23:05 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 6,414,136.53 9.500000 % 1,062,953.24
A-I-2 76110FCV3 25,000,000.00 10,495,356.06 7.600000 % 1,415,611.43
A-I-3 76110FCW1 12,373,000.00 0.00 6.650000 % 0.00
A-I-4 76110FCX9 7,100,000.00 471,021.22 7.450000 % 471,021.22
A-I-5 76110FCY7 10,137,000.00 10,137,000.00 7.600000 % 1,923,330.93
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 7,603,296.25 8.000000 % 730,045.58
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 900,292.58 0.000000 % 29,430.02
A-V 76110FGP2 0.00 0.00 0.866586 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,768,048.09 8.000000 % 7,797.25
M-2 76110FDK6 3,958,800.00 3,883,582.62 8.000000 % 3,898.18
M-3 76110FDL4 2,815,100.00 2,761,612.96 8.000000 % 2,771.99
B-1 76110FDM2 1,407,600.00 1,380,855.53 8.000000 % 1,386.05
B-2 76110FDN0 439,800.00 431,443.79 8.000000 % 433.07
B-3 76110FDP5 1,055,748.52 999,127.55 8.000000 % 1,002.88
- -------------------------------------------------------------------------------
175,944,527.21 120,868,773.18 5,649,681.84
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 50,289.26 1,113,242.50 0.00 0.00 5,351,183.29
A-I-2 65,830.05 1,481,441.48 0.00 0.00 9,079,744.63
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 2,896.08 473,917.30 0.00 0.00 0.00
A-I-5 63,582.33 1,986,913.26 0.00 0.00 8,213,669.07
A-I-6 35,778.86 35,778.86 0.00 0.00 5,558,000.00
A-I-7 111,752.63 111,752.63 0.00 0.00 16,926,000.00
A-I-8 45,451.08 45,451.08 0.00 0.00 6,884,000.00
A-I-9 74,138.62 74,138.62 0.00 0.00 11,229,000.00
A-I-10 148,561.14 148,561.14 0.00 0.00 22,501,000.00
A-II-1 50,200.18 780,245.76 0.00 0.00 6,873,250.67
A-II-2 29,875.97 29,875.97 0.00 0.00 4,525,000.00
A-P 0.00 29,430.02 0.00 0.00 870,862.56
A-V 86,444.89 86,444.89 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 51,287.95 59,085.20 0.00 0.00 7,760,250.84
M-2 25,641.06 29,539.24 0.00 0.00 3,879,684.44
M-3 18,233.34 21,005.33 0.00 0.00 2,758,840.97
B-1 9,116.99 10,503.04 0.00 0.00 1,379,469.48
B-2 2,848.57 3,281.64 0.00 0.00 431,010.72
B-3 6,596.66 7,599.54 0.00 0.00 998,124.67
- -------------------------------------------------------------------------------
878,525.66 6,528,207.50 0.00 0.00 115,219,091.34
===============================================================================
Run: 07/02/98 09:23:05
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-1 268.959096 44.572008 2.108741 46.680749 0.000000 224.387089
A-I-2 419.814242 56.624457 2.633202 59.257659 0.000000 363.189785
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 66.341017 66.341017 0.407899 66.748916 0.000000 0.000000
A-I-5 1000.000000 189.733741 6.272302 196.006043 0.000000 810.266259
A-I-6 1000.000000 0.000000 6.437362 6.437362 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.602424 6.602424 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.602423 6.602423 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.602424 6.602424 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.602424 6.602424 0.000000 1000.000000
A-II-1 681.176872 65.404549 4.497418 69.901967 0.000000 615.772323
A-II-2 1000.000000 0.000000 6.602424 6.602424 0.000000 1000.000000
A-P 814.097051 26.612343 0.000000 26.612343 0.000000 787.484708
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-1 980.999948 0.984688 6.476978 7.461666 0.000000 980.015261
M-2 980.999955 0.984687 6.476978 7.461665 0.000000 980.015267
M-3 980.999950 0.984686 6.476978 7.461664 0.000000 980.015264
B-1 980.999950 0.984690 6.476975 7.461665 0.000000 980.015260
B-2 980.999977 0.984698 6.476967 7.461665 0.000000 980.015280
B-3 946.368885 0.949923 6.248325 7.198248 0.000000 945.418965
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:23:06 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS5 (POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4222
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 24,571.33
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,739.32
MASTER SERVICER ADVANCES THIS MONTH 998.02
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 3,152,737.80
(B) TWO MONTHLY PAYMENTS: 3 335,415.76
(C) THREE OR MORE MONTHLY PAYMENTS: 3 1,000,718.24
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 1,629,042.77
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 115,219,091.34
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,201
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 126,346.93
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,522,144.27
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.00442870 % 11.92470400 % 2.32601590 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.95177290 % 12.49686669 % 2.45618570 %
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 9.13450600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 307.74
POOL TRADING FACTOR: 65.48603311
................................................................................
Run: 07/02/98 09:23:07 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 13,339,237.18 6.048440 % 2,010,671.08
A-I-3 76110FDS9 0.00 0.00 2.951560 % 0.00
A-I-4 76110FDT7 13,330,948.00 2,639,466.96 7.125000 % 1,975,396.24
A-I-5 76110FDU4 24,973,716.00 21,155,330.59 7.600000 % 705,498.53
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 14,934,564.67 8.000000 % 134,792.46
A-P 76110FED1 601,147.92 479,324.77 0.000000 % 12,464.89
A-V 76110FGQ0 0.00 0.00 0.807136 % 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 8,973,009.69 8.000000 % 8,852.39
M-2 76110FEH2 5,126,400.00 5,046,764.19 8.000000 % 4,978.92
M-3 76110FEJ8 3,645,500.00 3,588,869.14 8.000000 % 3,540.63
B-1 1,822,700.00 1,794,385.36 8.000000 % 1,770.26
B-2 569,600.00 560,751.59 8.000000 % 553.21
B-3 1,366,716.75 1,328,567.09 8.000000 % 1,310.71
- -------------------------------------------------------------------------------
227,839,864.67 157,595,970.23 4,859,829.32
===============================================================================
_______________________________________________________________________________
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 67,050.75 2,077,721.83 0.00 0.00 11,328,566.10
A-I-3 32,719.89 32,719.89 0.00 0.00 0.00
A-I-4 15,628.97 1,991,025.21 0.00 0.00 664,070.72
A-I-5 133,617.28 839,115.81 0.00 0.00 20,449,832.06
A-I-6 493.93 493.93 0.00 0.00 0.00
A-I-7 6,399.12 6,399.12 0.00 0.00 1,000,000.00
A-I-8 61,045.64 61,045.64 0.00 0.00 9,539,699.00
A-I-9 149,762.57 149,762.57 0.00 0.00 22,526,000.00
A-I-10 77,454.23 77,454.23 0.00 0.00 11,650,000.00
A-I-11 202,251.94 202,251.94 0.00 0.00 30,421,000.00
A-I-12 57,302.83 57,302.83 0.00 0.00 8,619,000.00
A-II 99,291.43 234,083.89 0.00 0.00 14,799,772.21
A-P 0.00 12,464.89 0.00 0.00 466,859.88
A-V 105,711.17 105,711.17 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 59,656.44 68,508.83 0.00 0.00 8,964,157.30
M-2 33,553.06 38,531.98 0.00 0.00 5,041,785.27
M-3 23,860.35 27,400.98 0.00 0.00 3,585,328.51
B-1 11,929.85 13,700.11 0.00 0.00 1,792,615.10
B-2 3,728.11 4,281.32 0.00 0.00 560,198.38
B-3 8,832.88 10,143.59 0.00 0.00 1,307,714.69
- -------------------------------------------------------------------------------
1,150,290.44 6,010,119.76 0.00 0.00 152,716,599.22
===============================================================================
Run: 07/02/98 09:23:07
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-2 307.905648 46.411723 1.547713 47.959436 0.000000 261.493925
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 197.995443 148.181228 1.172382 149.353610 0.000000 49.814216
A-I-5 847.103835 28.249642 5.350316 33.599958 0.000000 818.854193
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 1000.000000 0.000000 6.399120 6.399120 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.399116 6.399116 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.648432 6.648432 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.648432 6.648432 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.648432 6.648432 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.648431 6.648431 0.000000 1000.000000
A-II 742.865334 6.704758 4.938889 11.643647 0.000000 736.160576
A-P 797.349128 20.735151 0.000000 20.735151 0.000000 776.613977
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-1 984.465549 0.971232 6.545152 7.516384 0.000000 983.494317
M-2 984.465549 0.971231 6.545151 7.516382 0.000000 983.494318
M-3 984.465544 0.971233 6.545152 7.516385 0.000000 983.494311
B-1 984.465551 0.971229 6.545153 7.516382 0.000000 983.494322
B-2 984.465572 0.971225 6.545137 7.516362 0.000000 983.494347
B-3 972.086638 0.959021 6.462846 7.421867 0.000000 956.829345
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:23:09 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4228
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 32,270.03
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 42,740.65
MASTER SERVICER ADVANCES THIS MONTH 1,972.15
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 2,981,270.47
(B) TWO MONTHLY PAYMENTS: 7 654,206.06
(C) THREE OR MORE MONTHLY PAYMENTS: 1 76,051.97
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 1,550,720.18
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 152,716,599.22
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,588
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 243,510.87
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,612,761.47
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.18513420 % 11.17328300 % 2.33743540 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.04148730 % 11.51889917 % 2.40429190 %
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 9.11120400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 310.25
POOL TRADING FACTOR: 67.02804158
................................................................................
Run: 07/02/98 09:20:34 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8(POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FEK5 4,000,000.00 2,338,802.99 7.400000 % 191,334.29
A-2 76110FEL3 4,074,824.00 687,753.21 7.300000 % 328,209.01
A-3 76110FEM1 13,128,206.00 13,128,206.00 7.050000 % 0.00
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 6,950,294.32 7.400000 % 781,337.49
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 20,217,687.48 6.148440 % 1,286,733.53
A-8 76110FES8 0.00 0.00 2.851560 % 0.00
A-9 76110FET6 32,965,000.00 7,022,347.51 0.000000 % 2,699,369.94
A-10 76110FEU3 20,953,719.00 20,396,277.56 7.400000 % 64,205.32
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 94,576.04 0.000000 % 143.30
A-15 76110FGR8 0.00 0.00 0.904153 % 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 6,564,482.54 7.750000 % 4,644.82
M-2 76110FFC2 4,440,700.00 4,376,354.55 7.750000 % 3,096.57
M-3 76110FFD0 3,108,500.00 3,063,458.04 7.750000 % 2,167.60
B-1 1,509,500.00 1,487,627.45 7.750000 % 1,052.60
B-2 444,000.00 437,566.48 7.750000 % 309.61
B-3 1,154,562.90 1,079,872.83 7.750000 % 764.02
- -------------------------------------------------------------------------------
177,623,205.60 130,832,913.00 5,363,368.10
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 14,245.91 205,580.20 0.00 0.00 2,147,468.70
A-2 4,132.57 332,341.58 0.00 0.00 359,544.20
A-3 76,183.23 76,183.23 0.00 0.00 13,128,206.00
A-4 22,624.02 22,624.02 0.00 0.00 3,765,148.00
A-5 42,335.02 823,672.51 0.00 0.00 6,168,956.83
A-6 15,839.94 15,839.94 0.00 0.00 2,600,500.00
A-7 102,320.18 1,389,053.71 0.00 0.00 18,930,953.95
A-8 47,454.66 47,454.66 0.00 0.00 0.00
A-9 42,509.94 2,741,879.88 0.00 0.00 4,322,977.57
A-10 124,236.01 188,441.33 0.00 0.00 20,332,072.24
A-11 89,149.39 89,149.39 0.00 0.00 13,975,000.00
A-12 12,758.41 12,758.41 0.00 0.00 2,000,000.00
A-13 131,711.18 131,711.18 0.00 0.00 20,646,958.00
A-14 0.00 143.30 0.00 0.00 94,432.74
A-15 97,369.64 97,369.64 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 41,876.18 46,521.00 0.00 0.00 6,559,837.72
M-2 27,917.67 31,014.24 0.00 0.00 4,373,257.98
M-3 19,542.42 21,710.02 0.00 0.00 3,061,290.44
B-1 9,489.88 10,542.48 0.00 0.00 1,486,574.85
B-2 2,791.33 3,100.94 0.00 0.00 437,256.87
B-3 6,888.73 7,652.75 0.00 0.00 1,079,108.74
- -------------------------------------------------------------------------------
931,376.31 6,294,744.41 0.00 0.00 125,469,544.83
===============================================================================
Run: 07/02/98 09:20:34
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8(POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 584.700748 47.833572 3.561478 51.395050 0.000000 536.867175
A-2 168.781084 80.545568 1.014171 81.559739 0.000000 88.235515
A-3 1000.000000 0.000000 5.803019 5.803019 0.000000 1000.000000
A-4 1000.000000 0.000000 6.008800 6.008800 0.000000 1000.000000
A-5 661.932792 74.413094 4.031907 78.445001 0.000000 587.519698
A-6 1000.000000 0.000000 6.091113 6.091113 0.000000 1000.000000
A-7 640.214289 40.745767 3.240076 43.985843 0.000000 599.468522
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 213.024344 81.885938 1.289548 83.175486 0.000000 131.138407
A-10 973.396539 3.064149 5.929067 8.993216 0.000000 970.332390
A-11 1000.000000 0.000000 6.379205 6.379205 0.000000 1000.000000
A-12 1000.000000 0.000000 6.379205 6.379205 0.000000 1000.000000
A-13 1000.000000 0.000000 6.379205 6.379205 0.000000 1000.000000
A-14 816.544658 1.237215 0.000000 1.237215 0.000000 815.307443
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-1 985.510065 0.697316 6.286771 6.984087 0.000000 984.812749
M-2 985.510066 0.697316 6.286772 6.984088 0.000000 984.812750
M-3 985.510066 0.697314 6.286769 6.984083 0.000000 984.812752
B-1 985.510070 0.697317 6.286770 6.984087 0.000000 984.812753
B-2 985.510090 0.697320 6.286779 6.984099 0.000000 984.812770
B-3 935.308791 0.661740 5.966526 6.628266 0.000000 934.646994
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:20:35 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 26,539.99
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 46,126.15
MASTER SERVICER ADVANCES THIS MONTH 501.34
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 3,047,767.21
(B) TWO MONTHLY PAYMENTS: 7 594,246.58
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 22
AGGREGATE PRINCIPAL BALANCE 2,147,809.10
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 125,469,544.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,261
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 63,098.08
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,270,741.70
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.98976730 % 10.71169700 % 2.29853520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.44282240 % 11.15361195 % 2.39516470 %
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 8.97701438
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.57
POOL TRADING FACTOR: 70.63803651
................................................................................
Run: 07/02/98 09:20:50 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1(POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4237
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FFE8 33,258,000.00 0.00 6.750000 % 0.00
A-2 76110FFF5 10,146,000.00 2,096,471.40 6.750000 % 1,022,507.51
A-3 76110FFG3 24,816,000.00 23,863,504.44 6.750000 % 4,345,656.79
A-4 76110FFH1 15,938,000.00 15,938,000.00 6.750000 % 0.00
A-5 76110FFJ7 10,253,000.00 10,253,000.00 6.750000 % 0.00
A-6 76110FFK4 31,511,646.00 22,455,926.84 11.000000 % 1,150,320.88
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 212,947.62 165,619.10 0.000000 % 226.17
A-13 76110FFS7 0.00 0.00 0.950396 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,288,240.08 7.500000 % 16,084.87
M-2 76110FFW8 6,251,000.00 6,191,829.89 7.500000 % 10,722.68
M-3 76110FFW8 4,375,700.00 4,334,280.90 7.500000 % 7,505.87
B-1 1,624,900.00 1,609,519.18 7.500000 % 2,787.28
B-2 624,800.00 618,885.83 7.500000 % 1,071.75
B-3 1,500,282.64 1,477,780.57 7.500000 % 2,559.14
- -------------------------------------------------------------------------------
250,038,730.26 198,442,412.23 6,559,442.94
===============================================================================
_______________________________________________________________________________
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 11,786.29 1,034,293.80 0.00 0.00 1,073,963.89
A-3 134,159.78 4,479,816.57 0.00 0.00 19,517,847.65
A-4 89,602.88 89,602.88 0.00 0.00 15,938,000.00
A-5 57,642.01 57,642.01 0.00 0.00 10,253,000.00
A-6 205,734.93 1,356,055.81 0.00 0.00 21,305,605.96
A-7 99,238.92 99,238.92 0.00 0.00 17,652,000.00
A-8 31,795.52 31,795.52 0.00 0.00 5,655,589.00
A-9 107,199.63 107,199.63 0.00 0.00 19,068,000.00
A-10 57,725.02 57,725.02 0.00 0.00 10,267,765.00
A-11 296,752.29 296,752.29 0.00 0.00 47,506,000.00
A-12 0.00 226.17 0.00 0.00 165,392.93
A-13 157,080.91 157,080.91 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 58,020.18 74,105.05 0.00 0.00 9,272,155.21
M-2 38,678.06 49,400.74 0.00 0.00 6,181,107.21
M-3 27,074.64 34,580.51 0.00 0.00 4,326,775.03
B-1 10,054.06 12,841.34 0.00 0.00 1,606,731.90
B-2 3,865.95 4,937.70 0.00 0.00 617,814.08
B-3 9,231.15 11,790.29 0.00 0.00 1,475,221.43
- -------------------------------------------------------------------------------
1,395,642.22 7,955,085.16 0.00 0.00 191,882,969.29
===============================================================================
Run: 07/02/98 09:20:50
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-2 206.630337 100.779372 1.161669 101.941041 0.000000 105.850965
A-3 961.617684 175.115119 5.406181 180.521300 0.000000 786.502565
A-4 1000.000000 0.000000 5.621965 5.621965 0.000000 1000.000000
A-5 1000.000000 0.000000 5.621965 5.621965 0.000000 1000.000000
A-6 712.623099 36.504627 6.528854 43.033481 0.000000 676.118473
A-7 1000.000000 0.000000 5.621965 5.621965 0.000000 1000.000000
A-8 1000.000000 0.000000 5.621964 5.621964 0.000000 1000.000000
A-9 1000.000000 0.000000 5.621965 5.621965 0.000000 1000.000000
A-10 1000.000000 0.000000 5.621965 5.621965 0.000000 1000.000000
A-11 1000.000000 0.000000 6.246628 6.246628 0.000000 1000.000000
A-12 777.745720 1.062092 0.000000 1.062092 0.000000 776.683628
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-1 990.534295 1.715354 6.187499 7.902853 0.000000 988.818941
M-2 990.534297 1.715354 6.187500 7.902854 0.000000 988.818943
M-3 990.534292 1.715353 6.187499 7.902852 0.000000 988.818939
B-1 990.534297 1.715355 6.187495 7.902850 0.000000 988.818943
B-2 990.534299 1.715349 6.187500 7.902849 0.000000 988.818950
B-3 985.001446 1.705772 6.152941 7.858713 0.000000 983.295674
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:20:50 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 40,946.53
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 45,413.65
MASTER SERVICER ADVANCES THIS MONTH 1,781.14
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 3,889,204.18
(B) TWO MONTHLY PAYMENTS: 8 878,760.00
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,101,826.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 191,882,969.29
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,859
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 224,321.38
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,215,902.63
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 208,283.65
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.13752430 % 9.99327800 % 1.86919790 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.75292000 % 10.30838616 % 1.92980080 %
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 8.77576751
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.22
POOL TRADING FACTOR: 76.74129887
................................................................................
Run: 07/02/98 09:20:58 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 20,683,575.06 9.000000 % 881,145.07
A-2 76110FFZ1 37,000,000.00 14,521,341.30 7.250000 % 1,899,949.06
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 6,416,169.70 7.250000 % 302,913.76
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 130,561.76 115,228.14 0.000000 % 771.24
A-10 76110FGH0 0.00 0.00 0.726114 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,889,156.51 7.750000 % 3,353.78
M-2 76110FGL1 4,109,600.00 4,074,230.99 7.750000 % 2,794.77
M-3 76110FGM9 2,630,200.00 2,607,563.35 7.750000 % 1,788.69
B-1 1,068,500.00 1,059,304.01 7.750000 % 726.64
B-2 410,900.00 407,363.62 7.750000 % 279.44
B-3 821,738.81 814,666.61 7.750000 % 558.82
- -------------------------------------------------------------------------------
164,383,983.57 127,760,812.29 3,094,281.27
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 155,045.94 1,036,191.01 0.00 0.00 19,802,429.99
A-2 87,687.36 1,987,636.42 0.00 0.00 12,621,392.24
A-3 31,400.29 31,400.29 0.00 0.00 5,200,000.00
A-4 109,901.01 109,901.01 0.00 0.00 18,200,000.00
A-5 38,744.15 341,657.91 0.00 0.00 6,113,255.94
A-6 44,512.50 44,512.50 0.00 0.00 7,371,430.00
A-7 67,136.70 67,136.70 0.00 0.00 10,400,783.00
A-8 200,103.96 200,103.96 0.00 0.00 31,000,000.00
A-9 0.00 771.24 0.00 0.00 114,456.90
A-10 77,267.12 77,267.12 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,559.34 34,913.12 0.00 0.00 4,885,802.73
M-2 26,299.02 29,093.79 0.00 0.00 4,071,436.22
M-3 16,831.73 18,620.42 0.00 0.00 2,605,774.66
B-1 6,837.77 7,564.41 0.00 0.00 1,058,577.37
B-2 2,629.52 2,908.96 0.00 0.00 407,084.18
B-3 5,258.65 5,817.47 0.00 0.00 814,107.79
- -------------------------------------------------------------------------------
901,215.06 3,995,496.33 0.00 0.00 124,666,531.02
===============================================================================
Run: 07/02/98 09:20:58
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-1 664.883505 28.324834 4.984027 33.308861 0.000000 636.558672
A-2 392.468684 51.349975 2.369929 53.719904 0.000000 341.118709
A-3 1000.000000 0.000000 6.038517 6.038517 0.000000 1000.000000
A-4 1000.000000 0.000000 6.038517 6.038517 0.000000 1000.000000
A-5 641.616970 30.291376 3.874415 34.165791 0.000000 611.325594
A-6 1000.000000 0.000000 6.038516 6.038516 0.000000 1000.000000
A-7 1000.000000 0.000000 6.454966 6.454966 0.000000 1000.000000
A-8 1000.000000 0.000000 6.454966 6.454966 0.000000 1000.000000
A-9 882.556577 5.907089 0.000000 5.907089 0.000000 876.649488
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-1 991.393566 0.680059 6.399412 7.079471 0.000000 990.713507
M-2 991.393564 0.680059 6.399411 7.079470 0.000000 990.713505
M-3 991.393563 0.680059 6.399411 7.079470 0.000000 990.713505
B-1 991.393552 0.680056 6.399410 7.079466 0.000000 990.713496
B-2 991.393575 0.680068 6.399416 7.079484 0.000000 990.713507
B-3 991.393616 0.680058 6.399418 7.079476 0.000000 990.713570
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:20:59 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 26,315.65
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 37,860.02
MASTER SERVICER ADVANCES THIS MONTH 1,537.96
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,790,459.29
(B) TWO MONTHLY PAYMENTS: 6 651,775.35
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,463,840.27
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 124,666,531.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,245
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 200,267.69
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,006,625.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.14785410 % 9.06490500 % 1.78724100 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.88594750 % 9.27515470 % 1.83037440 %
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 8.80064957
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.82
POOL TRADING FACTOR: 75.83861171
................................................................................
Run: 07/02/98 09:21:03 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 9,473,508.86 7.250000 % 3,108,624.68
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 8,906,716.82 9.500000 % 888,178.48
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 103,627.08 0.000000 % 125.21
A-10 76110FHB2 0.00 0.00 0.732167 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,300,187.97 7.750000 % 3,457.31
M-2 76110FHE6 4,112,900.00 4,077,121.05 7.750000 % 2,659.50
M-3 76110FHF3 2,632,200.00 2,609,301.94 7.750000 % 1,702.05
B-1 1,069,400.00 1,060,097.08 7.750000 % 691.50
B-2 411,200.00 407,622.90 7.750000 % 265.89
B-3 823,585.68 816,421.10 7.750000 % 532.56
- -------------------------------------------------------------------------------
164,514,437.18 135,282,604.80 4,006,237.18
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 57,223.66 3,165,848.34 0.00 0.00 6,364,884.18
A-2 166,083.58 166,083.58 0.00 0.00 26,579,000.00
A-3 105,108.99 105,108.99 0.00 0.00 16,821,000.00
A-4 151,674.13 151,674.13 0.00 0.00 23,490,000.00
A-5 46,089.82 46,089.82 0.00 0.00 7,138,000.00
A-6 6,456.96 6,456.96 0.00 0.00 1,000,000.00
A-7 70,496.58 958,675.06 0.00 0.00 8,018,538.34
A-8 177,566.57 177,566.57 0.00 0.00 27,500,000.00
A-9 0.00 125.21 0.00 0.00 103,501.87
A-10 82,523.72 82,523.72 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 34,223.13 37,680.44 0.00 0.00 5,296,730.66
M-2 26,325.83 28,985.33 0.00 0.00 4,074,461.55
M-3 16,848.17 18,550.22 0.00 0.00 2,607,599.89
B-1 6,845.01 7,536.51 0.00 0.00 1,059,405.58
B-2 2,632.00 2,897.89 0.00 0.00 407,357.01
B-3 5,271.60 5,804.16 0.00 0.00 815,888.54
- -------------------------------------------------------------------------------
955,369.75 4,961,606.93 0.00 0.00 131,276,367.62
===============================================================================
Run: 07/02/98 09:21:03
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-1 295.042165 96.814746 1.782169 98.596915 0.000000 198.227419
A-2 1000.000000 0.000000 6.248677 6.248677 0.000000 1000.000000
A-3 1000.000000 0.000000 6.248677 6.248677 0.000000 1000.000000
A-4 1000.000000 0.000000 6.456966 6.456966 0.000000 1000.000000
A-5 1000.000000 0.000000 6.456966 6.456966 0.000000 1000.000000
A-6 1000.000000 0.000000 6.456960 6.456960 0.000000 1000.000000
A-7 579.336335 57.771464 4.585442 62.356906 0.000000 521.564872
A-8 1000.000000 0.000000 6.456966 6.456966 0.000000 1000.000000
A-9 965.306307 1.166355 0.000000 1.166355 0.000000 964.139952
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-1 991.300797 0.646625 6.400795 7.047420 0.000000 990.654172
M-2 991.300797 0.646624 6.400795 7.047419 0.000000 990.654174
M-3 991.300790 0.646626 6.400794 7.047420 0.000000 990.654164
B-1 991.300804 0.646624 6.400795 7.047419 0.000000 990.654180
B-2 991.300827 0.646620 6.400778 7.047398 0.000000 990.654207
B-3 991.300747 0.646624 6.400791 7.047415 0.000000 990.654111
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:21:04 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 27,779.64
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,846.05
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,583,415.54
(B) TWO MONTHLY PAYMENTS: 5 648,802.71
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 1,405,884.02
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 131,276,367.62
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,245
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,917,977.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.44306850 % 8.86721500 % 1.68971620 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.12774900 % 9.12486559 % 1.74018550 %
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 8.80240461
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.78
POOL TRADING FACTOR: 79.79625975
................................................................................
Run: 07/02/98 09:21:09 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 11,122,333.89 7.250000 % 6,115,932.72
A-2 76110FHL0 35,775,000.00 35,775,000.00 7.250000 % 0.00
A-3 76110FHM8 22,398,546.00 22,398,546.00 7.250000 % 0.00
A-4 76110FHN6 24,498,244.00 17,362,983.45 10.000000 % 1,359,096.00
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 155,284.33 153,104.88 0.000000 % 4,526.78
A-9 76110FHT3 0.00 0.00 0.745786 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,126,924.78 7.750000 % 10,470.36
M-2 76110FHW6 4,975,300.00 4,933,986.69 7.750000 % 7,248.65
M-3 76110FHX4 3,316,900.00 3,289,357.51 7.750000 % 4,832.48
B-1 1,216,200.00 1,206,101.07 7.750000 % 1,771.92
B-2 552,900.00 548,308.90 7.750000 % 805.54
B-3 995,114.30 986,851.22 7.750000 % 1,449.80
- -------------------------------------------------------------------------------
221,126,398.63 181,728,698.39 7,506,134.25
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 66,575.49 6,182,508.21 0.00 0.00 5,006,401.17
A-2 214,140.17 214,140.17 0.00 0.00 35,775,000.00
A-3 134,072.07 134,072.07 0.00 0.00 22,398,546.00
A-4 143,352.36 1,502,448.36 0.00 0.00 16,003,887.45
A-5 109,446.94 109,446.94 0.00 0.00 17,675,100.00
A-6 45,750.34 45,750.34 0.00 0.00 7,150,100.00
A-7 332,725.07 332,725.07 0.00 0.00 52,000,000.00
A-8 0.00 4,526.78 0.00 0.00 148,578.10
A-9 111,896.93 111,896.93 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,602.05 56,072.41 0.00 0.00 7,116,454.42
M-2 31,570.40 38,819.05 0.00 0.00 4,926,738.04
M-3 21,047.15 25,879.63 0.00 0.00 3,284,525.03
B-1 7,717.31 9,489.23 0.00 0.00 1,204,329.15
B-2 3,508.39 4,313.93 0.00 0.00 547,503.36
B-3 6,314.42 7,764.22 0.00 0.00 985,401.42
- -------------------------------------------------------------------------------
1,273,719.09 8,779,853.34 0.00 0.00 174,222,564.14
===============================================================================
Run: 07/02/98 09:21:09
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-1 257.276753 141.470965 1.539994 143.010959 0.000000 115.805788
A-2 1000.000000 0.000000 5.985749 5.985749 0.000000 1000.000000
A-3 1000.000000 0.000000 5.985749 5.985749 0.000000 1000.000000
A-4 708.744000 55.477282 5.851536 61.328818 0.000000 653.266718
A-5 1000.000000 0.000000 6.192154 6.192154 0.000000 1000.000000
A-6 1000.000000 0.000000 6.398559 6.398559 0.000000 1000.000000
A-7 1000.000000 0.000000 6.398559 6.398559 0.000000 1000.000000
A-8 985.964778 29.151557 0.000000 29.151557 0.000000 956.813221
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-1 991.696321 1.456928 6.345428 7.802356 0.000000 990.239393
M-2 991.696318 1.456927 6.345426 7.802353 0.000000 990.239391
M-3 991.696316 1.456927 6.345428 7.802355 0.000000 990.239389
B-1 991.696325 1.456931 6.345428 7.802359 0.000000 990.239393
B-2 991.696328 1.456936 6.345433 7.802369 0.000000 990.239392
B-3 991.696351 1.456928 6.345422 7.802350 0.000000 990.239436
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:21:10 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 37,013.30
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 32,706.58
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 2,743,585.55
(B) TWO MONTHLY PAYMENTS: 1 48,474.58
(C) THREE OR MORE MONTHLY PAYMENTS: 1 238,463.98
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 1,130,687.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 174,222,564.14
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,654
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 7,239,257.11
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 149,218.89
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.03636460 % 8.45392700 % 1.50970800 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.62225670 % 8.79777976 % 1.57245430 %
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 8.81696419
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.01
POOL TRADING FACTOR: 78.78867707
................................................................................
Run: 07/02/98 09:21:11 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 9,065,254.32 7.250000 % 2,981,211.82
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 20,868,879.42 10.000000 % 1,117,954.43
A-4 76110FJC8 24,000,000.00 24,000,000.00 7.250000 % 0.00
A-5 76110FJD6 11,785,091.00 11,785,091.00 7.250000 % 0.00
A-6 76110FJE4 18,143,000.00 18,143,000.00 8.000000 % 0.00
A-7 76110FJF1 4,767,000.00 4,767,000.00 8.000000 % 0.00
A-8 76110FJG9 0.00 0.00 0.750000 % 0.00
A-9 76110FJH7 42,917,000.00 42,917,000.00 7.250000 % 0.00
A-10 76110FJJ3 340,158.57 283,360.80 0.000000 % 2,021.03
A-11 76110FJK0 0.00 0.00 0.623952 % 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 6,683,266.63 8.000000 % 14,378.07
M-2 76110FJP9 4,330,000.00 4,299,932.33 8.000000 % 9,250.68
M-3 76110FJQ7 2,886,000.00 2,865,959.52 8.000000 % 6,165.69
B-1 1,058,000.00 1,050,653.21 8.000000 % 2,260.33
B-2 481,000.00 477,659.92 8.000000 % 1,027.62
B-3 866,066.26 860,052.27 8.000000 % 1,850.28
- -------------------------------------------------------------------------------
192,360,424.83 158,867,109.42 4,136,119.95
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 54,741.57 3,035,953.39 0.00 0.00 6,084,042.50
A-2 65,217.03 65,217.03 0.00 0.00 10,800,000.00
A-3 173,819.47 1,291,773.90 0.00 0.00 19,750,924.99
A-4 144,926.74 144,926.74 0.00 0.00 24,000,000.00
A-5 71,165.62 71,165.62 0.00 0.00 11,785,091.00
A-6 120,892.22 120,892.22 0.00 0.00 18,143,000.00
A-7 31,763.94 31,763.94 0.00 0.00 4,767,000.00
A-8 26,809.58 26,809.58 0.00 0.00 0.00
A-9 259,159.21 259,159.21 0.00 0.00 42,917,000.00
A-10 0.00 2,021.03 0.00 0.00 281,339.77
A-11 82,562.80 82,562.80 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 44,532.60 58,910.67 0.00 0.00 6,668,888.56
M-2 28,651.74 37,902.42 0.00 0.00 4,290,681.65
M-3 19,096.75 25,262.44 0.00 0.00 2,859,793.83
B-1 7,000.81 9,261.14 0.00 0.00 1,048,392.88
B-2 3,182.79 4,210.41 0.00 0.00 476,632.30
B-3 5,730.78 7,581.06 0.00 0.00 858,201.99
- -------------------------------------------------------------------------------
1,139,253.65 5,275,373.60 0.00 0.00 154,730,989.47
===============================================================================
Run: 07/02/98 09:21:11
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-1 272.229859 89.525880 1.643891 91.169771 0.000000 182.703979
A-2 1000.000000 0.000000 6.038614 6.038614 0.000000 1000.000000
A-3 696.629930 37.318751 5.802317 43.121068 0.000000 659.311179
A-4 1000.000000 0.000000 6.038614 6.038614 0.000000 1000.000000
A-5 1000.000000 0.000000 6.038614 6.038614 0.000000 1000.000000
A-6 1000.000000 0.000000 6.663298 6.663298 0.000000 1000.000000
A-7 1000.000000 0.000000 6.663298 6.663298 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 6.038614 6.038614 0.000000 1000.000000
A-10 833.025609 5.941435 0.000000 5.941435 0.000000 827.084174
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-1 993.055963 2.136415 6.617028 8.753443 0.000000 990.919548
M-2 993.055965 2.136416 6.617030 8.753446 0.000000 990.919550
M-3 993.055967 2.136414 6.617030 8.753444 0.000000 990.919553
B-1 993.055964 2.136418 6.617023 8.753441 0.000000 990.919546
B-2 993.055967 2.136424 6.617027 8.753451 0.000000 990.919543
B-3 993.055970 2.136407 6.617023 8.753430 0.000000 990.919549
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:21:12 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 32,640.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 44,745.88
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 3,960,129.88
(B) TWO MONTHLY PAYMENTS: 5 489,626.33
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,358,630.83
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 154,730,989.47
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,491
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 3,794,698.02
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 240,966.02
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.76091560 % 8.73302500 % 1.50605940 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.50946720 % 8.93121933 % 1.54304470 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 5,770,813.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,923,604.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.93751130
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.45
POOL TRADING FACTOR: 80.43805768
................................................................................
Run: 07/02/98 09:21:14 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 29,629,946.16 7.500000 % 1,862,736.96
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 20,566,201.03 7.500000 % 67,945.81
A-6 76110FJW4 164,986.80 136,723.43 0.000000 % 705.80
A-7 76110FJX2 0.00 0.00 0.738400 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,565,723.64 7.500000 % 8,476.54
M-2 76110FKA0 1,061,700.00 1,026,231.46 7.500000 % 3,390.42
M-3 76110FKB8 690,100.00 667,045.61 7.500000 % 2,203.76
B-1 371,600.00 359,185.84 7.500000 % 1,186.66
B-2 159,300.00 153,978.20 7.500000 % 508.71
B-3 372,446.48 360,004.05 7.500000 % 1,189.37
- -------------------------------------------------------------------------------
106,172,633.28 91,940,039.42 1,948,344.03
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 184,935.77 2,047,672.73 0.00 0.00 27,767,209.20
A-2 97,885.69 97,885.69 0.00 0.00 15,683,000.00
A-3 117,003.45 117,003.45 0.00 0.00 18,746,000.00
A-4 12,770.14 12,770.14 0.00 0.00 2,046,000.00
A-5 128,364.27 196,310.08 0.00 0.00 20,498,255.22
A-6 0.00 705.80 0.00 0.00 136,017.63
A-7 56,496.98 56,496.98 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,014.00 24,490.54 0.00 0.00 2,557,247.10
M-2 6,405.24 9,795.66 0.00 0.00 1,022,841.04
M-3 4,163.38 6,367.14 0.00 0.00 664,841.85
B-1 2,241.86 3,428.52 0.00 0.00 357,999.18
B-2 961.05 1,469.76 0.00 0.00 153,469.49
B-3 2,246.98 3,436.35 0.00 0.00 358,814.68
- -------------------------------------------------------------------------------
629,488.81 2,577,832.84 0.00 0.00 89,991,695.39
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 689.934945 43.373934 4.306240 47.680174 0.000000 646.561012
A-2 1000.000000 0.000000 6.241516 6.241516 0.000000 1000.000000
A-3 1000.000000 0.000000 6.241516 6.241516 0.000000 1000.000000
A-4 1000.000000 0.000000 6.241515 6.241515 0.000000 1000.000000
A-5 966.593083 3.193392 6.033006 9.226398 0.000000 963.399691
A-6 828.693144 4.277918 0.000000 4.277918 0.000000 824.415226
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-1 966.592691 3.193392 6.033002 9.226394 0.000000 963.399299
M-2 966.592691 3.193388 6.033004 9.226392 0.000000 963.399303
M-3 966.592682 3.193392 6.033010 9.226402 0.000000 963.399290
B-1 966.592680 3.193380 6.032992 9.226372 0.000000 963.399300
B-2 966.592593 3.193409 6.032957 9.226366 0.000000 963.399184
B-3 966.592703 3.193398 6.033028 9.226426 0.000000 963.399305
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:21:14 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 18,980.57
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 19,027.51
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 1,234,751.99
(B) TWO MONTHLY PAYMENTS: 3 490,515.94
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 201,251.76
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 89,991,695.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,169
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 1,644,550.49
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.40960410 % 4.63926700 % 0.95112910 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.30730090 % 4.71702413 % 0.96853460 %
BANKRUPTCY AMOUNT AVAILABLE 154,147.00
FRAUD AMOUNT AVAILABLE 2,123,453.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,894,825.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.55595821
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 161.03
POOL TRADING FACTOR: 84.75978471
................................................................................
Run: 07/02/98 09:21:23 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 57,562,740.31 7.500000 % 3,293,834.28
A-2 76110FKD4 20,984,000.00 20,984,000.00 7.500000 % 0.00
A-3 76110FKE2 11,000,000.00 11,000,000.00 7.500000 % 0.00
A-4 76110FKF9 4,000,000.00 4,000,000.00 7.500000 % 0.00
A-5 76110FKG7 17,500,000.00 17,500,000.00 7.750000 % 0.00
A-6 76110FKH5 17,500,000.00 17,500,000.00 7.250000 % 0.00
A-7 76110FKJ1 21,925,000.00 18,363,820.02 9.500000 % 470,547.76
A-8 76110FKP7 156,262.27 148,583.13 0.000000 % 5,409.97
A-9 76110FKQ5 0.00 0.00 0.776397 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,639,753.95 7.750000 % 4,207.18
M-2 76110FKM4 3,827,000.00 3,794,286.74 7.750000 % 2,404.19
M-3 76110FKN2 2,870,200.00 2,845,665.50 7.750000 % 1,803.11
B-1 1,052,400.00 1,043,404.08 7.750000 % 661.14
B-2 478,400.00 474,310.62 7.750000 % 300.54
B-3 861,188.35 853,826.91 7.750000 % 541.02
- -------------------------------------------------------------------------------
191,342,550.62 162,710,391.26 3,779,709.19
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 359,697.92 3,653,532.20 0.00 0.00 54,268,906.03
A-2 131,124.77 131,124.77 0.00 0.00 20,984,000.00
A-3 68,736.77 68,736.77 0.00 0.00 11,000,000.00
A-4 24,995.19 24,995.19 0.00 0.00 4,000,000.00
A-5 112,999.09 112,999.09 0.00 0.00 17,500,000.00
A-6 105,708.83 105,708.83 0.00 0.00 17,500,000.00
A-7 145,352.27 615,900.03 0.00 0.00 17,893,272.26
A-8 0.00 5,409.97 0.00 0.00 143,173.16
A-9 105,252.92 105,252.92 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,873.49 47,080.67 0.00 0.00 6,635,546.77
M-2 24,500.06 26,904.25 0.00 0.00 3,791,882.55
M-3 18,374.72 20,177.83 0.00 0.00 2,843,862.39
B-1 6,737.35 7,398.49 0.00 0.00 1,042,742.94
B-2 3,062.67 3,363.21 0.00 0.00 474,010.08
B-3 5,513.24 6,054.26 0.00 0.00 853,285.89
- -------------------------------------------------------------------------------
1,154,929.29 4,934,638.48 0.00 0.00 158,930,682.07
===============================================================================
Run: 07/02/98 09:21:23
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-1 697.806310 39.929620 4.360450 44.290070 0.000000 657.876690
A-2 1000.000000 0.000000 6.248798 6.248798 0.000000 1000.000000
A-3 1000.000000 0.000000 6.248797 6.248797 0.000000 1000.000000
A-4 1000.000000 0.000000 6.248798 6.248798 0.000000 1000.000000
A-5 1000.000000 0.000000 6.457091 6.457091 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040505 6.040505 0.000000 1000.000000
A-7 837.574459 21.461699 6.629522 28.091221 0.000000 816.112760
A-8 950.857363 34.621089 0.000000 34.621089 0.000000 916.236274
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-1 991.451986 0.628219 6.401895 7.030114 0.000000 990.823767
M-2 991.451983 0.628218 6.401897 7.030115 0.000000 990.823765
M-3 991.451989 0.628218 6.401895 7.030113 0.000000 990.823772
B-1 991.451995 0.628221 6.401891 7.030112 0.000000 990.823774
B-2 991.451965 0.628219 6.401902 7.030121 0.000000 990.823746
B-3 991.451998 0.628213 6.401898 7.030111 0.000000 990.823773
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:21:23 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 33,567.31
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 31,941.77
MASTER SERVICER ADVANCES THIS MONTH 761.74
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 25 2,832,105.10
(B) TWO MONTHLY PAYMENTS: 4 254,045.11
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 1,112,594.66
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 158,930,682.07
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,484
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 97,388.49
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,676,592.09
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.37212490 % 8.16902000 % 1.45885530 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.14952070 % 8.35036479 % 1.49258520 %
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 8.84424956
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.78
POOL TRADING FACTOR: 83.06081504
................................................................................
Run: 07/02/98 09:21:25 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 5,758,683.80 7.000000 % 1,161,141.85
A-2 76110FKV4 20,850,000.00 9,807,815.41 7.000000 % 1,677,923.32
A-3 76110FKW2 16,320,750.00 12,584,049.83 10.000000 % 567,813.03
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 21,146,371.24 7.500000 % 737,238.30
A-9 76110FLC5 5,000,001.00 5,000,001.00 7.375000 % 0.00
A-10 76110FLD3 54,507,000.00 54,507,000.00 7.500000 % 0.00
A-11 76110FLE1 26,409.16 26,221.38 0.000000 % 22.95
A-12 76110FLF8 0.00 0.00 0.874851 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,586,464.78 7.500000 % 19,826.95
M-2 76110FLJ0 4,361,000.00 4,335,548.80 7.500000 % 11,330.80
M-3 76110FLK7 3,270,500.00 3,251,413.06 7.500000 % 8,497.45
B-1 1,199,000.00 1,192,002.52 7.500000 % 3,115.26
B-2 545,000.00 541,819.35 7.500000 % 1,416.03
B-3 981,461.72 975,733.83 7.500000 % 2,550.04
- -------------------------------------------------------------------------------
218,029,470.88 190,652,438.00 4,190,875.98
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 33,564.08 1,194,705.93 0.00 0.00 4,597,541.95
A-2 57,164.16 1,735,087.48 0.00 0.00 8,129,892.09
A-3 104,778.91 672,591.94 0.00 0.00 12,016,236.80
A-4 114,823.21 114,823.21 0.00 0.00 19,700,543.00
A-5 127,515.09 127,515.09 0.00 0.00 21,419,142.00
A-6 38,171.27 38,171.27 0.00 0.00 6,323,320.00
A-7 99,581.40 99,581.40 0.00 0.00 16,496,308.00
A-8 132,053.70 869,292.00 0.00 0.00 20,409,132.94
A-9 30,703.33 30,703.33 0.00 0.00 5,000,001.00
A-10 340,382.34 340,382.34 0.00 0.00 54,507,000.00
A-11 0.00 22.95 0.00 0.00 26,198.43
A-12 138,876.90 138,876.90 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,375.54 67,202.49 0.00 0.00 7,566,637.83
M-2 27,074.40 38,405.20 0.00 0.00 4,324,218.00
M-3 20,304.24 28,801.69 0.00 0.00 3,242,915.61
B-1 7,443.76 10,559.02 0.00 0.00 1,188,887.26
B-2 3,383.52 4,799.55 0.00 0.00 540,403.32
B-3 6,093.21 8,643.25 0.00 0.00 973,183.79
- -------------------------------------------------------------------------------
1,329,289.06 5,520,165.04 0.00 0.00 186,461,562.02
===============================================================================
Run: 07/02/98 09:21:25
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-1 429.755730 86.653024 2.504801 89.157825 0.000000 343.102706
A-2 470.398821 80.475939 2.741686 83.217625 0.000000 389.922882
A-3 771.046051 34.790866 6.419981 41.210847 0.000000 736.255184
A-4 1000.000000 0.000000 5.828429 5.828429 0.000000 1000.000000
A-5 1000.000000 0.000000 5.953324 5.953324 0.000000 1000.000000
A-6 1000.000000 0.000000 6.036587 6.036587 0.000000 1000.000000
A-7 1000.000000 0.000000 6.036587 6.036587 0.000000 1000.000000
A-8 813.383413 28.357461 5.079372 33.436833 0.000000 785.025951
A-9 1000.000000 0.000000 6.140665 6.140665 0.000000 1000.000000
A-10 1000.000000 0.000000 6.244745 6.244745 0.000000 1000.000000
A-11 992.889588 0.869017 0.000000 0.869017 0.000000 992.020572
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-1 994.163908 2.598211 6.208300 8.806511 0.000000 991.565697
M-2 994.163907 2.598211 6.208301 8.806512 0.000000 991.565696
M-3 994.163908 2.598211 6.208298 8.806509 0.000000 991.565696
B-1 994.163903 2.598215 6.208307 8.806522 0.000000 991.565688
B-2 994.163945 2.598220 6.208294 8.806514 0.000000 991.565725
B-3 994.163919 2.598216 6.208301 8.806517 0.000000 991.565710
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:21:25 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 39,192.55
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 324.97
SUBSERVICER ADVANCES THIS MONTH 37,602.83
MASTER SERVICER ADVANCES THIS MONTH 2,186.98
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 3,780,687.90
(B) TWO MONTHLY PAYMENTS: 4 571,002.07
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 523,348.73
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 186,461,562.01
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,674
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 286,109.36
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,692,660.63
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 375,398.51
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.61882320 % 7.95978000 % 1.42139720 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.43301360 % 8.11629554 % 1.44955030 %
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 8.70058923
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.27
POOL TRADING FACTOR: 85.52126520
................................................................................
Run: 07/02/98 09:21:34 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 30,312,712.72 6.750000 % 3,650,353.96
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 18,710,213.14 10.000000 % 663,700.70
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 0.992145 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,087,012.45 7.250000 % 5,362.79
M-2 76110FLX9 5,420,000.00 5,391,341.63 7.250000 % 3,575.20
M-3 76110FLY2 4,065,000.00 4,043,506.22 7.250000 % 2,681.40
B-1 1,490,500.00 1,482,618.93 7.250000 % 983.18
B-2 677,500.00 673,917.70 7.250000 % 446.90
B-3 1,219,925.82 1,213,475.43 7.250000 % 804.70
- -------------------------------------------------------------------------------
271,005,025.82 243,195,260.22 4,327,908.83
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 170,457.51 3,820,811.47 0.00 0.00 26,662,358.76
A-2 97,957.90 97,957.90 0.00 0.00 17,420,000.00
A-3 155,871.34 819,572.04 0.00 0.00 18,046,512.44
A-4 213,741.67 213,741.67 0.00 0.00 38,010,000.00
A-5 96,515.31 96,515.31 0.00 0.00 17,163,462.00
A-6 181,056.34 181,056.34 0.00 0.00 29,977,000.00
A-7 97,030.06 97,030.06 0.00 0.00 16,065,000.00
A-8 330,047.16 330,047.16 0.00 0.00 54,645,000.00
A-9 201,010.15 201,010.15 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,844.27 54,207.06 0.00 0.00 8,081,649.66
M-2 32,562.85 36,138.05 0.00 0.00 5,387,766.43
M-3 24,422.14 27,103.54 0.00 0.00 4,040,824.82
B-1 8,954.78 9,937.96 0.00 0.00 1,481,635.75
B-2 4,070.36 4,517.26 0.00 0.00 673,470.80
B-3 7,329.20 8,133.90 0.00 0.00 1,212,670.73
- -------------------------------------------------------------------------------
1,669,871.04 5,997,779.87 0.00 0.00 238,867,351.39
===============================================================================
Run: 07/02/98 09:21:34
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-1 563.957446 67.913562 3.171303 71.084865 0.000000 496.043884
A-2 1000.000000 0.000000 5.623301 5.623301 0.000000 1000.000000
A-3 814.495448 28.892306 6.785412 35.677718 0.000000 785.603142
A-4 1000.000000 0.000000 5.623301 5.623301 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623301 5.623301 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039842 6.039842 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039842 6.039842 0.000000 1000.000000
A-8 1000.000000 0.000000 6.039842 6.039842 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-1 994.712478 0.659630 6.007905 6.667535 0.000000 994.052849
M-2 994.712478 0.659631 6.007906 6.667537 0.000000 994.052847
M-3 994.712477 0.659631 6.007907 6.667538 0.000000 994.052846
B-1 994.712466 0.659631 6.007903 6.667534 0.000000 994.052835
B-2 994.712472 0.659631 6.007911 6.667542 0.000000 994.052841
B-3 994.712474 0.659630 6.007906 6.667536 0.000000 994.052847
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:21:35 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 54,619.54
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,126.66
SUBSERVICER ADVANCES THIS MONTH 34,112.75
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 3,829,822.48
(B) TWO MONTHLY PAYMENTS: 2 193,814.86
(C) THREE OR MORE MONTHLY PAYMENTS: 3 225,242.74
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 247,290.96
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 238,867,351.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,263
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,166,637.15
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.40942450 % 7.20485300 % 1.38572280 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.25957650 % 7.33052919 % 1.40989430 %
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 8.59200213
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.20
POOL TRADING FACTOR: 88.14129947
................................................................................
Run: 07/02/98 09:21:36 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 199,969,492.00 171,459,585.22 7.250000 % 4,327,026.28
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 64,557,185.96 7.250000 % 58,356.25
A-5 7611OFMS9 76,250.57 75,800.58 0.000000 % 67.28
A-6 7611OFMT7 0.00 0.00 0.942422 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,543,328.02 7.250000 % 9,530.61
M-2 7611OFMW0 6,524,000.00 6,487,895.87 7.250000 % 5,864.71
M-3 7611OFMX8 4,893,000.00 4,865,921.89 7.250000 % 4,398.53
B-1 7611OFMY6 1,794,000.00 1,784,071.91 7.250000 % 1,612.71
B-2 7611OFMZ3 816,000.00 811,484.22 7.250000 % 733.54
B-3 7611OFNA7 1,468,094.11 1,459,969.63 7.250000 % 1,319.73
- -------------------------------------------------------------------------------
326,202,444.68 297,188,243.30 4,408,909.64
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,035,696.28 5,362,722.56 0.00 0.00 167,132,558.94
A-2 60,404.69 60,404.69 0.00 0.00 10,000,000.00
A-3 151,875.51 151,875.51 0.00 0.00 25,143,000.00
A-4 389,955.67 448,311.92 0.00 0.00 64,498,829.71
A-5 0.00 67.28 0.00 0.00 75,733.30
A-6 233,351.05 233,351.05 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,686.64 73,217.25 0.00 0.00 10,533,797.41
M-2 39,189.93 45,054.64 0.00 0.00 6,482,031.16
M-3 29,392.45 33,790.98 0.00 0.00 4,861,523.36
B-1 10,776.63 12,389.34 0.00 0.00 1,782,459.20
B-2 4,901.75 5,635.29 0.00 0.00 810,750.68
B-3 8,818.90 10,138.63 0.00 0.00 1,458,649.90
- -------------------------------------------------------------------------------
2,028,049.50 6,436,959.14 0.00 0.00 292,779,333.66
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 857.428718 21.638432 5.179271 26.817703 0.000000 835.790286
A-2 1000.000000 0.000000 6.040469 6.040469 0.000000 1000.000000
A-3 1000.000000 0.000000 6.040469 6.040469 0.000000 1000.000000
A-4 994.464859 0.898943 6.007034 6.905977 0.000000 993.565916
A-5 994.098536 0.882354 0.000000 0.882354 0.000000 993.216182
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-1 994.465952 0.898945 6.007040 6.905985 0.000000 993.567007
M-2 994.465952 0.898944 6.007040 6.905984 0.000000 993.567008
M-3 994.465949 0.898943 6.007041 6.905984 0.000000 993.567006
B-1 994.465948 0.898946 6.007040 6.905986 0.000000 993.567001
B-2 994.465956 0.898946 6.007047 6.905993 0.000000 993.567010
B-3 994.465968 0.898941 6.007040 6.905981 0.000000 993.567027
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:21:37 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 61,593.47
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,943.54
SUBSERVICER ADVANCES THIS MONTH 52,324.65
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 42 5,038,784.26
(B) TWO MONTHLY PAYMENTS: 8 889,112.02
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 996,428.86
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 292,779,333.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,618
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 4,140,272.54
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 71,812.98
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.26503380 % 7.36998600 % 1.36498010 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.14147840 % 7.47230061 % 1.38428760 %
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 8.51871305
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.60
POOL TRADING FACTOR: 89.75387476
................................................................................
Run: 07/02/98 09:21:38 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 88,214,087.43 7.000000 % 1,615,555.39
A-2 7611OFMD2 43,142.76 39,316.04 0.000000 % 232.91
A-3 7611OFME0 0.00 0.00 0.995739 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,977,824.41 7.000000 % 9,564.76
M-2 7611OFMH3 892,000.00 872,894.96 7.000000 % 2,803.74
M-3 7611OFMJ9 419,700.00 410,710.79 7.000000 % 1,319.20
B-1 7611OFMK6 367,000.00 359,139.52 7.000000 % 1,153.55
B-2 7611OFML4 262,400.00 256,779.85 7.000000 % 824.78
B-3 7611OFMM2 263,388.53 257,747.20 7.000000 % 827.89
- -------------------------------------------------------------------------------
104,940,731.29 93,388,500.20 1,632,282.22
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 514,271.81 2,129,827.20 0.00 0.00 86,598,532.04
A-2 0.00 232.91 0.00 0.00 39,083.13
A-3 77,445.44 77,445.44 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,360.16 26,924.92 0.00 0.00 2,968,259.65
M-2 5,088.82 7,892.56 0.00 0.00 870,091.22
M-3 2,394.36 3,713.56 0.00 0.00 409,391.59
B-1 2,093.72 3,247.27 0.00 0.00 357,985.97
B-2 1,496.98 2,321.76 0.00 0.00 255,955.07
B-3 1,502.62 2,330.51 0.00 0.00 256,919.31
- -------------------------------------------------------------------------------
621,653.91 2,253,936.13 0.00 0.00 91,756,217.98
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 885.239212 16.212297 5.160781 21.373078 0.000000 869.026915
A-2 911.300992 5.398588 0.000000 5.398588 0.000000 905.902404
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-1 978.581798 3.143201 5.704949 8.848150 0.000000 975.438597
M-2 978.581794 3.143206 5.704955 8.848161 0.000000 975.438587
M-3 978.581820 3.143198 5.704932 8.848130 0.000000 975.438623
B-1 978.581798 3.143188 5.704959 8.848147 0.000000 975.438610
B-2 978.581745 3.143216 5.704954 8.848170 0.000000 975.438529
B-3 978.581717 3.143189 5.704956 8.848145 0.000000 975.438490
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:21:39 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 19,365.13
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,383.93
SUBSERVICER ADVANCES THIS MONTH 7,630.20
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 11 696,084.50
(B) TWO MONTHLY PAYMENTS: 1 62,153.23
(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 91,756,217.98
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,035
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 1,332,238.41
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.49904490 % 4.56504300 % 0.93591240 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.41914230 % 4.62937832 % 0.94950670 %
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 8.32197683
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 166.17
POOL TRADING FACTOR: 87.43622886
................................................................................
Run: 07/02/98 09:21:49 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 39,686,461.28 7.000000 % 3,478,923.75
A-2 76110FNC3 22,405,757.00 19,850,251.47 9.000000 % 496,989.11
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 59,093,667.09 7.250000 % 38,829.19
A-8 76110FNH2 0.00 0.00 0.894196 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,394,001.31 7.250000 % 6,829.68
M-2 76110FNL3 4,471,600.00 4,454,628.92 7.250000 % 2,927.04
M-3 76110FNM1 4,471,500.00 4,454,529.29 7.250000 % 2,926.98
B-1 76110FNN9 1,639,600.00 1,633,377.22 7.250000 % 1,073.26
B-2 76110FNP4 745,200.00 742,371.73 7.250000 % 487.80
B-3 76110FNQ2 1,341,561.05 1,336,469.41 7.250000 % 878.15
- -------------------------------------------------------------------------------
298,104,002.05 277,347,041.72 4,029,864.96
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 231,451.76 3,710,375.51 0.00 0.00 36,207,537.53
A-2 148,843.07 645,832.18 0.00 0.00 19,353,262.36
A-3 366,390.80 366,390.80 0.00 0.00 62,824,125.00
A-4 139,153.43 139,153.43 0.00 0.00 24,294,118.00
A-5 157,047.64 157,047.64 0.00 0.00 26,000,000.00
A-6 136,408.21 136,408.21 0.00 0.00 22,583,041.00
A-7 356,943.13 395,772.32 0.00 0.00 59,054,837.90
A-8 206,621.84 206,621.84 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,782.82 69,612.50 0.00 0.00 10,387,171.63
M-2 26,907.27 29,834.31 0.00 0.00 4,451,701.88
M-3 26,906.67 29,833.65 0.00 0.00 4,451,602.31
B-1 9,866.08 10,939.34 0.00 0.00 1,632,303.96
B-2 4,484.14 4,971.94 0.00 0.00 741,883.93
B-3 8,072.67 8,950.82 0.00 0.00 1,335,591.26
- -------------------------------------------------------------------------------
1,881,879.53 5,911,744.49 0.00 0.00 273,317,176.76
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 689.300239 60.424208 4.020005 64.444213 0.000000 628.876032
A-2 885.944245 22.181313 6.643073 28.824386 0.000000 863.762932
A-3 1000.000000 0.000000 5.832008 5.832008 0.000000 1000.000000
A-4 1000.000000 0.000000 5.727865 5.727865 0.000000 1000.000000
A-5 1000.000000 0.000000 6.040294 6.040294 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040294 6.040294 0.000000 1000.000000
A-7 996.204695 0.654585 6.017369 6.671954 0.000000 995.550111
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-1 996.204695 0.654585 6.017369 6.671954 0.000000 995.550110
M-2 996.204696 0.654584 6.017370 6.671954 0.000000 995.550112
M-3 996.204694 0.654586 6.017370 6.671956 0.000000 995.550109
B-1 996.204696 0.654586 6.017370 6.671956 0.000000 995.550110
B-2 996.204683 0.654589 6.017364 6.671953 0.000000 995.550094
B-3 996.204690 0.654558 6.017371 6.671929 0.000000 995.550115
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:21:50 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 57,469.60
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,678.33
SUBSERVICER ADVANCES THIS MONTH 38,705.62
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 3,942,995.32
(B) TWO MONTHLY PAYMENTS: 9 1,011,199.93
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 211,874.84
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 273,317,176.76
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,481
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 3,847,626.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.70159600 % 6.95993000 % 1.33847410 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.58477520 % 7.05790834 % 1.35731650 %
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 8.47301329
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.76
POOL TRADING FACTOR: 91.68517527
................................................................................
Run: 07/02/98 09:21:57 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 28,970,404.29 7.250000 % 587,890.81
A-2 76110FNT6 30,750,000.00 24,124,915.87 7.250000 % 1,540,311.90
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 62,803,349.07 7.250000 % 41,893.52
A-8 76110FNZ2 15,495,000.00 8,765,189.75 7.250000 % 1,564,660.41
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 93,909,864.39 0.000000 % 1,423,631.20
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 5.093760 % 0.00
A-14 76110FPF4 0.00 0.00 9.406240 % 0.00
A-15 76110FPG2 26,249,000.00 24,141,850.29 7.000000 % 489,905.90
A-16 76110FPH0 2,386,273.00 2,194,713.91 10.000000 % 44,536.90
A-17 76110FPJ6 139,012.74 138,371.26 0.000000 % 130.20
A-18 76110FPK3 0.00 0.00 0.854111 % 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 16,216,480.90 7.250000 % 10,817.35
M-2 76110FPP2 5,422,000.00 5,405,161.32 7.250000 % 3,605.56
M-3 76110FPQ0 6,507,000.00 6,486,791.73 7.250000 % 4,327.07
B-1 76110FPR8 2,386,000.00 2,378,589.99 7.250000 % 1,586.66
B-2 76110FPS6 1,085,000.00 1,081,630.41 7.250000 % 721.51
B-3 76110FPT4 1,952,210.06 1,946,147.22 7.250000 % 1,298.18
- -------------------------------------------------------------------------------
433,792,422.80 409,180,875.40 5,715,317.17
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 174,982.94 762,873.75 0.00 0.00 28,382,513.48
A-2 145,715.90 1,686,027.80 0.00 0.00 22,584,603.97
A-3 246,428.34 246,428.34 0.00 0.00 40,799,000.00
A-4 40,740.19 40,740.19 0.00 0.00 6,745,000.00
A-5 25,582.16 25,582.16 0.00 0.00 4,235,415.00
A-6 63,414.57 63,414.57 0.00 0.00 10,499,000.00
A-7 379,335.89 421,229.41 0.00 0.00 62,761,455.55
A-8 52,942.25 1,617,602.66 0.00 0.00 7,200,529.34
A-9 398,538.05 398,538.05 0.00 0.00 68,339,000.00
A-10 14,233.50 14,233.50 0.00 0.00 0.00
A-11 0.00 1,423,631.20 0.00 0.00 92,486,233.19
A-12 283,610.53 283,610.53 0.00 0.00 0.00
A-13 99,630.62 99,630.62 0.00 0.00 0.00
A-14 183,979.91 183,979.91 0.00 0.00 0.00
A-15 140,789.97 630,695.87 0.00 0.00 23,651,944.39
A-16 18,284.41 62,821.31 0.00 0.00 2,150,177.01
A-17 0.00 130.20 0.00 0.00 138,241.06
A-18 291,160.78 291,160.78 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 97,948.49 108,765.84 0.00 0.00 16,205,663.55
M-2 32,647.49 36,253.05 0.00 0.00 5,401,555.76
M-3 39,180.60 43,507.67 0.00 0.00 6,482,464.66
B-1 14,366.82 15,953.48 0.00 0.00 2,377,003.33
B-2 6,533.11 7,254.62 0.00 0.00 1,080,908.90
B-3 11,754.84 13,053.02 0.00 0.00 1,944,849.04
- -------------------------------------------------------------------------------
2,761,801.36 8,477,118.53 0.00 0.00 403,465,558.23
===============================================================================
Run: 07/02/98 09:21:57
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS13(POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4277
___________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 919.724572 18.663793 5.555190 24.218983 0.000000 901.060779
A-2 784.550110 50.091444 4.738728 54.830172 0.000000 734.458666
A-3 1000.000000 0.000000 6.040058 6.040058 0.000000 1000.000000
A-4 1000.000000 0.000000 6.040058 6.040058 0.000000 1000.000000
A-5 1000.000000 0.000000 6.040060 6.040060 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040058 6.040058 0.000000 1000.000000
A-7 996.894380 0.664987 6.021300 6.686287 0.000000 996.229393
A-8 565.678590 100.978407 3.416731 104.395138 0.000000 464.700183
A-9 1000.000000 0.000000 5.831781 5.831781 0.000000 1000.000000
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 938.738994 14.230860 0.000000 14.230860 0.000000 924.508134
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-15 919.724572 18.663793 5.363632 24.027425 0.000000 901.060779
A-16 919.724570 18.663793 7.662329 26.326122 0.000000 901.060778
A-17 995.385459 0.936605 0.000000 0.936605 0.000000 994.448854
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-1 996.894381 0.664987 6.021300 6.686287 0.000000 996.229394
M-2 996.894378 0.664987 6.021300 6.686287 0.000000 996.229391
M-3 996.894380 0.664987 6.021300 6.686287 0.000000 996.229393
B-1 996.894380 0.664987 6.021299 6.686286 0.000000 996.229392
B-2 996.894387 0.664986 6.021300 6.686286 0.000000 996.229401
B-3 996.894371 0.664985 6.021299 6.686284 0.000000 996.229393
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:21:58 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 84,888.58
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 43,958.09
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 4,332,288.58
(B) TWO MONTHLY PAYMENTS: 6 555,869.24
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 997,413.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 403,465,558.23
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,468
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 5,442,347.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.80652350 % 6.87176400 % 1.32171290 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.69596410 % 6.96210207 % 1.33954760 %
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 8.38231207
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.70
POOL TRADING FACTOR: 93.00889942
................................................................................
Run: 07/02/98 09:22:05 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 56,839,498.31 7.000000 % 1,260,690.38
A-2 76110FPV9 117,395,000.00 109,204,840.13 7.000000 % 1,379,182.99
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 1.081015 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,322,325.56 7.000000 % 7,564.54
M-2 76110FQD8 4,054,000.00 4,043,580.84 7.000000 % 2,701.55
M-3 76110FQE6 4,865,000.00 4,852,496.48 7.000000 % 3,241.99
B-1 76110FQF3 1,783,800.00 1,779,215.47 7.000000 % 1,188.71
B-2 76110FQG1 810,800.00 808,716.17 7.000000 % 540.31
B-3 76110FQH9 1,459,579.11 1,455,827.82 7.000000 % 972.65
- -------------------------------------------------------------------------------
324,327,779.11 308,588,500.78 2,656,083.12
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 331,486.96 1,592,177.34 0.00 0.00 55,578,807.93
A-2 636,880.71 2,016,063.70 0.00 0.00 107,825,657.14
A-3 299,647.26 299,647.26 0.00 0.00 51,380,000.00
A-4 10,859.15 10,859.15 0.00 0.00 1,862,000.00
A-5 379,312.14 379,312.14 0.00 0.00 65,040,000.00
A-6 277,926.19 277,926.19 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 66,031.60 73,596.14 0.00 0.00 11,314,761.02
M-2 23,582.09 26,283.64 0.00 0.00 4,040,879.29
M-3 28,299.67 31,541.66 0.00 0.00 4,849,254.49
B-1 10,376.36 11,565.07 0.00 0.00 1,778,026.76
B-2 4,716.42 5,256.73 0.00 0.00 808,175.86
B-3 8,490.36 9,463.01 0.00 0.00 1,454,855.17
- -------------------------------------------------------------------------------
2,077,608.91 4,733,692.03 0.00 0.00 305,932,417.66
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 883.616241 19.598458 5.153234 24.751692 0.000000 864.017783
A-2 930.234168 11.748226 5.425109 17.173335 0.000000 918.485942
A-3 1000.000000 0.000000 5.831982 5.831982 0.000000 1000.000000
A-4 1000.000000 0.000000 5.831982 5.831982 0.000000 1000.000000
A-5 1000.000000 0.000000 5.831982 5.831982 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-1 997.429904 0.666391 5.816993 6.483384 0.000000 996.763513
M-2 997.429906 0.666391 5.816993 6.483384 0.000000 996.763515
M-3 997.429903 0.666391 5.816993 6.483384 0.000000 996.763513
B-1 997.429908 0.666392 5.816997 6.483389 0.000000 996.763516
B-2 997.429909 0.666391 5.816996 6.483387 0.000000 996.763518
B-3 997.429882 0.666391 5.816992 6.483383 0.000000 996.763492
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:22:06 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 64,169.23
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 49,681.79
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 46 5,343,613.13
(B) TWO MONTHLY PAYMENTS: 4 615,229.84
(C) THREE OR MORE MONTHLY PAYMENTS: 1 99,875.26
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 552,993.04
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 305,932,417.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,586
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,449,912.49
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.13769720 % 6.55189800 % 1.31040510 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.07473570 % 6.60436542 % 1.32089890 %
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 8.36069158
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.74
POOL TRADING FACTOR: 94.32815730
................................................................................
Run: 07/02/98 09:22:11 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 18,884,209.74 6.750000 % 431,787.18
A-2 76110FQK2 158,282,400.00 149,451,901.98 6.500000 % 3,417,215.59
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 37,151,196.36 6.248440 % 672,435.14
A-5 76110FQN6 0.00 0.00 2.777335 % 0.00
A-6 76110FQP1 13,504,750.00 12,895,305.35 6.148440 % 235,842.16
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 138,196.93 0.000000 % 198.43
A-9 76110FQS5 0.00 0.00 0.982042 % 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 17,316,919.71 7.000000 % 11,494.04
M-2 76110FQW6 5,422,000.00 5,411,412.66 7.000000 % 3,591.80
M-3 76110FQX4 5,422,000.00 5,411,412.66 7.000000 % 3,591.80
B-1 76110FQY2 2,385,700.00 2,381,041.53 7.000000 % 1,580.41
B-2 76110FQZ9 1,084,400.00 1,082,282.54 7.000000 % 718.36
B-3 76110FRA3 1,952,351.82 1,948,539.52 7.000000 % 1,293.33
- -------------------------------------------------------------------------------
433,770,084.51 421,410,318.98 4,779,748.24
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 106,207.41 537,994.59 0.00 0.00 18,452,422.56
A-2 809,407.12 4,226,622.71 0.00 0.00 146,034,686.39
A-3 464,463.83 464,463.83 0.00 0.00 82,584,000.00
A-4 193,417.88 865,853.02 0.00 0.00 36,478,761.22
A-5 115,812.17 115,812.17 0.00 0.00 0.00
A-6 66,061.56 301,903.72 0.00 0.00 12,659,463.19
A-7 505,986.89 505,986.89 0.00 0.00 86,753,900.00
A-8 0.00 198.43 0.00 0.00 137,998.50
A-9 344,816.00 344,816.00 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-1 100,999.88 112,493.92 0.00 0.00 17,305,425.67
M-2 31,561.73 35,153.53 0.00 0.00 5,407,820.86
M-3 31,561.73 35,153.53 0.00 0.00 5,407,820.86
B-1 13,887.28 15,467.69 0.00 0.00 2,379,461.12
B-2 6,312.34 7,030.70 0.00 0.00 1,081,564.18
B-3 11,364.74 12,658.07 0.00 0.00 1,947,246.19
- -------------------------------------------------------------------------------
2,801,860.56 7,581,608.80 0.00 0.00 416,630,570.74
===============================================================================
Run: 07/02/98 09:22:11
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-1 944.210487 21.589359 5.310371 26.899730 0.000000 922.621128
A-2 944.210487 21.589359 5.113690 26.703049 0.000000 922.621128
A-3 1000.000000 0.000000 5.624138 5.624138 0.000000 1000.000000
A-4 955.317433 17.291206 4.973608 22.264814 0.000000 938.026227
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 954.871830 17.463645 4.891728 22.355373 0.000000 937.408185
A-7 1000.000000 0.000000 5.832440 5.832440 0.000000 1000.000000
A-8 996.138185 1.430305 0.000000 1.430305 0.000000 994.707880
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-1 998.047336 0.662450 5.821050 6.483500 0.000000 997.384885
M-2 998.047337 0.662449 5.821049 6.483498 0.000000 997.384888
M-3 998.047337 0.662449 5.821049 6.483498 0.000000 997.384888
B-1 998.047336 0.662451 5.821050 6.483501 0.000000 997.384885
B-2 998.047344 0.662449 5.821044 6.483493 0.000000 997.384895
B-3 998.047329 0.662447 5.821051 6.483498 0.000000 997.384882
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:22:12 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 87,387.98
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 79,123.02
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 66 8,161,602.54
(B) TWO MONTHLY PAYMENTS: 12 1,577,648.25
(C) THREE OR MORE MONTHLY PAYMENTS: 1 149,909.13
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 783,356.86
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 416,630,570.74
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,456
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,499,987.98
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.03564470 % 6.67970700 % 1.28464790 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.94959500 % 6.74964090 % 1.29852770 %
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 8.25722223
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.97
POOL TRADING FACTOR: 96.04871005
................................................................................
Run: 07/02/98 09:23:31 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 115,517,963.00 112,941,177.43 6.500000 % 1,006,452.43
A-2 76110FRC9 34,880,737.00 30,894,591.82 6.500000 % 748,998.21
A-3 76110FRD7 0.00 0.00 1.210700 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,891,445.37 6.500000 % 12,129.76
M-2 76110FRG0 785,100.00 777,991.79 6.500000 % 2,425.02
M-3 76110FRH8 707,000.00 700,598.90 6.500000 % 2,183.79
B-1 76110FRJ4 471,200.00 466,933.80 6.500000 % 1,455.45
B-2 76110FRK1 314,000.00 311,157.08 6.500000 % 969.89
B-3 76110FRL9 471,435.62 467,167.30 6.500000 % 1,456.18
- -------------------------------------------------------------------------------
157,074,535.62 150,451,063.49 1,776,070.73
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 610,190.75 1,616,643.18 0.00 0.00 111,934,725.00
A-2 166,915.16 915,913.37 0.00 0.00 30,145,593.61
A-3 151,399.74 151,399.74 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 21,024.43 33,154.19 0.00 0.00 3,879,315.61
M-2 4,203.28 6,628.30 0.00 0.00 775,566.77
M-3 3,785.15 5,968.94 0.00 0.00 698,415.11
B-1 2,522.71 3,978.16 0.00 0.00 465,478.35
B-2 1,681.09 2,650.98 0.00 0.00 310,187.19
B-3 2,523.98 3,980.16 0.00 0.00 465,711.13
- -------------------------------------------------------------------------------
964,246.29 2,740,317.02 0.00 0.00 148,674,992.77
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 977.693637 8.712519 5.282215 13.994734 0.000000 968.981119
A-2 885.720729 21.473119 4.785311 26.258430 0.000000 864.247611
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-1 990.946109 3.088811 5.353815 8.442626 0.000000 987.857298
M-2 990.946109 3.088804 5.353815 8.442619 0.000000 987.857305
M-3 990.946110 3.088812 5.353819 8.442631 0.000000 987.857298
B-1 990.946095 3.088816 5.353799 8.442615 0.000000 987.857279
B-2 990.946115 3.088822 5.353790 8.442612 0.000000 987.857293
B-3 990.946123 3.088820 5.353817 8.442637 0.000000 987.857324
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:23:32 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 31,301.81
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,352.14
SUBSERVICER ADVANCES THIS MONTH 15,453.45
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 1,280,540.75
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 1 37,787.79
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 407,737.10
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 148,674,992.77
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,546
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 1,307,110.07
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.60302590 % 3.56929100 % 0.82768320 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.56436890 % 3.60067109 % 0.83496000 %
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 7.99086000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 170.99
POOL TRADING FACTOR: 94.65251142
................................................................................
Run: 07/02/98 09:23:33 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 135,006,400.00 130,764,513.22 6.500000 % 4,923,837.00
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 40,157,683.30 6.148440 % 1,230,959.25
A-I-4 76110FRQ8 0.00 0.00 2.851560 % 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 74,476,628.14 7.000000 % 608,390.10
A-V 76110FRU9 0.00 0.00 0.866525 % 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 14,171,183.43 7.000000 % 9,375.17
M-2 76110FRY1 5,067,800.00 5,061,079.88 7.000000 % 3,348.24
M-3 76110FRZ8 5,067,800.00 5,061,079.88 7.000000 % 3,348.24
B-1 76110FSA2 2,230,000.00 2,227,042.92 7.000000 % 1,473.34
B-2 76110FSB0 1,216,400.00 1,214,787.00 7.000000 % 803.66
B-3 76110FSC8 1,621,792.30 1,619,641.72 7.000000 % 1,071.48
- -------------------------------------------------------------------------------
405,421,992.30 399,354,084.49 6,782,606.48
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 708,178.90 5,632,015.90 0.00 0.00 125,840,676.22
A-I-2 335,933.86 335,933.86 0.00 0.00 59,732,445.00
A-I-3 205,718.48 1,436,677.73 0.00 0.00 38,926,724.05
A-I-4 95,409.34 95,409.34 0.00 0.00 0.00
A-I-5 378,327.82 378,327.82 0.00 0.00 64,868,000.00
A-II 434,367.95 1,042,758.05 0.00 0.00 73,868,238.04
A-V 288,322.73 288,322.73 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 82,650.20 92,025.37 0.00 0.00 14,161,808.26
M-2 29,517.60 32,865.84 0.00 0.00 5,057,731.64
M-3 29,517.60 32,865.84 0.00 0.00 5,057,731.64
B-1 12,988.72 14,462.06 0.00 0.00 2,225,569.58
B-2 7,084.97 7,888.63 0.00 0.00 1,213,983.34
B-3 9,446.19 10,517.67 0.00 0.00 1,618,570.23
- -------------------------------------------------------------------------------
2,617,464.36 9,400,070.84 0.00 0.00 392,571,478.00
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 968.580106 36.471138 5.245521 41.716659 0.000000 932.108968
A-I-2 1000.000000 0.000000 5.623976 5.623976 0.000000 1000.000000
A-I-3 974.271733 29.864492 4.990968 34.855460 0.000000 944.407241
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.832272 5.832272 0.000000 1000.000000
A-II 990.341185 8.089971 5.775939 13.865910 0.000000 982.251214
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-1 998.673956 0.660689 5.824538 6.485227 0.000000 998.013267
M-2 998.673957 0.660689 5.824539 6.485228 0.000000 998.013268
M-3 998.673957 0.660689 5.824539 6.485228 0.000000 998.013268
B-1 998.673955 0.660691 5.824538 6.485229 0.000000 998.013265
B-2 998.673956 0.660687 5.824540 6.485227 0.000000 998.013269
B-3 998.673949 0.660676 5.824537 6.485213 0.000000 998.013266
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:23:34 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 82,421.25
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,150.81
SUBSERVICER ADVANCES THIS MONTH 79,445.67
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 75 8,343,683.98
(B) TWO MONTHLY PAYMENTS: 13 2,437,304.12
(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 392,571,478.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,296
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 6,518,405.66
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.64942670 % 6.08315900 % 1.26741450 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.52737490 % 6.18416592 % 1.28845920 %
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 8.19280900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.74
POOL TRADING FACTOR: 96.83033616
................................................................................
Run: 07/02/98 09:22:24 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 151,551,000.00 150,734,191.00 6.750000 % 3,848,490.11
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 1.031327 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,642,224.62 6.750000 % 8,457.59
M-2 76110FSM6 4,216,900.00 4,214,074.87 6.750000 % 2,819.20
M-3 76110FSN4 4,392,600.00 4,389,657.16 6.750000 % 2,936.66
B-1 76110FSP9 1,757,100.00 1,755,922.82 6.750000 % 1,174.70
B-2 76110FSQ7 1,054,300.00 1,053,593.67 6.750000 % 704.85
B-3 76110FSR5 1,405,623.28 1,404,681.58 6.750000 % 939.73
- -------------------------------------------------------------------------------
351,405,323.28 350,571,345.72 3,865,522.84
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 847,730.85 4,696,220.96 0.00 0.00 146,885,700.89
A-2 427,067.76 427,067.76 0.00 0.00 75,936,500.00
A-3 98,340.35 98,340.35 0.00 0.00 17,485,800.00
A-4 74,038.43 74,038.43 0.00 0.00 13,164,700.00
A-5 381,251.75 381,251.75 0.00 0.00 67,790,000.00
A-6 277,817.35 277,817.35 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 71,100.02 79,557.61 0.00 0.00 12,633,767.03
M-2 23,700.01 26,519.21 0.00 0.00 4,211,255.67
M-3 24,687.48 27,624.14 0.00 0.00 4,386,720.50
B-1 9,875.33 11,050.03 0.00 0.00 1,754,748.12
B-2 5,925.42 6,630.27 0.00 0.00 1,052,888.82
B-3 7,899.94 8,839.67 0.00 0.00 1,403,741.85
- -------------------------------------------------------------------------------
2,249,434.69 6,114,957.53 0.00 0.00 346,705,822.88
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 994.610336 25.394026 5.593700 30.987726 0.000000 969.216309
A-2 1000.000000 0.000000 5.624012 5.624012 0.000000 1000.000000
A-3 1000.000000 0.000000 5.624012 5.624012 0.000000 1000.000000
A-4 1000.000000 0.000000 5.624012 5.624012 0.000000 1000.000000
A-5 1000.000000 0.000000 5.624012 5.624012 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-1 999.330047 0.668547 5.620244 6.288791 0.000000 998.661499
M-2 999.330046 0.668548 5.620245 6.288793 0.000000 998.661498
M-3 999.330046 0.668547 5.620243 6.288790 0.000000 998.661499
B-1 999.330044 0.668545 5.620244 6.288789 0.000000 998.661499
B-2 999.330048 0.668548 5.620241 6.288789 0.000000 998.661501
B-3 999.330048 0.668550 5.620240 6.288790 0.000000 998.661498
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:22:25 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 72,683.06
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 34,980.05
SUBSERVICER ADVANCES THIS MONTH 164,305.15
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 164 21,409,611.37
(B) TWO MONTHLY PAYMENTS: 8 1,204,049.91
(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 346,705,822.88
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,771
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 3,630,992.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.73752550 % 6.06038000 % 1.20209430 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.66146680 % 6.12384962 % 1.21468360 %
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 8.10962441
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.71
POOL TRADING FACTOR: 98.66265532
................................................................................
Run: 07/02/98 09:23:36 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 20,174,375.00 6.750000 % 67,916.57
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 16,300,000.00 6.750000 % 130,399.81
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 136,500,000.00 6.750000 % 555,262.09
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 75,900,500.00 6.750000 % 233,781.40
NB-2 76110FTA1 4,494,000.00 4,494,000.00 6.750000 % 1,205,312.02
NB-3 76110FTB9 9,662,500.00 9,662,500.00 6.750000 % 0.00
NB-4 76110FTC7 10,000,000.00 10,000,000.00 6.750000 % 156,991.54
A-P 76110FTE3 57,464.36 57,464.36 0.000000 % 52.07
A-V 76110FTD5 0.00 0.00 0.975780 % 0.00
R 100.00 100.00 6.750000 % 100.00
M-1 76110FTG8 13,075,500.00 13,075,500.00 6.750000 % 8,817.87
M-2 76110FTH6 5,029,000.00 5,029,000.00 6.750000 % 3,391.46
M-3 76110FTJ2 4,224,500.00 4,224,500.00 6.750000 % 2,848.92
B-1 76110FTK9 2,011,600.00 2,011,600.00 6.750000 % 1,356.58
B-2 76110FTL7 1,207,000.00 1,207,000.00 6.750000 % 813.98
B-3 76110FTM5 1,609,449.28 1,609,449.28 6.750000 % 1,085.38
- -------------------------------------------------------------------------------
402,311,611.64 402,311,611.64 2,368,129.69
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 113,462.61 181,379.18 0.00 0.00 20,106,458.43
CB-2 221,100.58 221,100.58 0.00 0.00 39,313,092.00
CB-3 77,690.72 77,690.72 0.00 0.00 13,813,906.00
CB-4 91,672.76 222,072.57 0.00 0.00 16,169,600.19
CB-5 115,293.96 115,293.96 0.00 0.00 20,500,000.00
CB-6 767,689.03 1,322,951.12 0.00 0.00 135,944,737.91
CB-7 159,941.55 159,941.55 0.00 0.00 28,438,625.00
NB-1 426,871.65 660,653.05 0.00 0.00 75,666,718.60
NB-2 0.00 1,205,312.02 25,274.68 0.00 3,313,962.66
NB-3 54,342.82 54,342.82 0.00 0.00 9,662,500.00
NB-4 56,240.95 213,232.49 0.00 0.00 9,843,008.46
A-P 0.00 52.07 0.00 0.00 57,412.29
A-V 327,087.09 327,087.09 0.00 0.00 0.00
R 0.56 100.56 0.00 0.00 0.00
M-1 73,537.86 82,355.73 0.00 0.00 13,066,682.13
M-2 28,283.58 31,675.04 0.00 0.00 5,025,608.54
M-3 23,758.99 26,607.91 0.00 0.00 4,221,651.08
B-1 11,313.43 12,670.01 0.00 0.00 2,010,243.42
B-2 6,788.29 7,602.27 0.00 0.00 1,206,186.02
B-3 9,051.69 10,137.07 0.00 0.00 1,608,363.88
- -------------------------------------------------------------------------------
2,564,128.12 4,932,257.81 25,274.68 0.00 399,968,756.61
===============================================================================
Run: 07/02/98 09:23:36
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 1000.000000 3.366477 5.624095 8.990572 0.000000 996.633523
CB-2 1000.000000 0.000000 5.624095 5.624095 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.624095 5.624095 0.000000 1000.000000
CB-4 1000.000000 7.999988 5.624096 13.624084 0.000000 992.000012
CB-5 1000.000000 0.000000 5.624096 5.624096 0.000000 1000.000000
CB-6 1000.000000 4.067854 5.624095 9.691949 0.000000 995.932146
CB-7 1000.000000 0.000000 5.624096 5.624096 0.000000 1000.000000
NB-1 1000.000000 3.080104 5.624095 8.704199 0.000000 996.919896
NB-2 1000.000000 268.204722 0.000000 268.204722 5.624094 737.419373
NB-3 1000.000000 0.000000 5.624095 5.624095 0.000000 1000.000000
NB-4 1000.000000 15.699154 5.624095 21.323249 0.000000 984.300846
A-P 1000.000000 0.906122 0.000000 0.906122 0.000000 999.093878
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.600000 1005.600000 0.000000 0.000000
M-1 1000.000000 0.674381 5.624095 6.298476 0.000000 999.325619
M-2 1000.000000 0.674381 5.624096 6.298477 0.000000 999.325619
M-3 1000.000000 0.674380 5.624095 6.298475 0.000000 999.325620
B-1 1000.000000 0.674379 5.624095 6.298474 0.000000 999.325621
B-2 1000.000000 0.674383 5.624101 6.298484 0.000000 999.325617
B-3 1000.000000 0.674380 5.624091 6.298471 0.000000 999.325610
_______________________________________________________________________________
DETERMINATION DATE 22-June-98
DISTRIBUTION DATE 25-June-98
Run: 07/02/98 09:23:37 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 83,620.38
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 20,553.47
SUBSERVICER ADVANCES THIS MONTH 66,679.35
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 80 9,154,718.67
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 399,968,756.62
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,104
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,071,532.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.24974760 % 5.55017500 % 1.20007700 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.21381210 % 5.57892120 % 1.20646570 %
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 8.05447400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.72
POOL TRADING FACTOR: 99.41765165
................................................................................
