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)
February 25, 1998
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in
its charter)
33-95932; 333-8733
333-33493 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
- --------------------
<PAGE>
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the February 1998 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-QS1 RALI
1996-QS1 RALI
1996-QS2 RALI
1996-QS3 RALI
1996-QS4 RALI
1996-QS6 RALI
1996-QS5 RALI
1996-QS7 RALI
1996-QS8 RALI
1997-QS1 RALI
1997-QS2 RALI
1997-QS3 RALI
1997-QS3 RALI
1997-QS4 RALI
1997-QS5 RALI
1997-QS6 RALI
1997-QS7 RALI
1997-QS8 RALI
1997-QS9 RALI
1997-QS10 RALI
1997-QS11 RALI
1997-QS12 RALI
1997-QS13 RALI
1998-QS1 RALI
- ->
Item 7. Financial Statements and Exhibits
(a) See attached monthly reports.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly
authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
and Treasurer
Dated: February 25, 1998
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly
authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name: Davee Olson
Title: Chief Financial Officer
and Treasurer
Dated: February 25, 1998
<PAGE>
Run: 02/25/98 11:48:40 REPT1B.FRG
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 42,567,472.48 6.900000 % 3,196,470.04
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
- -------------------------------------------------------------------------------
258,459,514.42 166,352,608.11 3,196,470.04
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 0.00 0.00 0.00 0.00 0.00
A-2 244,762.97 3,441,233.01 0.00 0.00 39,371,002.44
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 236,753.45 236,753.45 0.00 0.00 2,326,135.63
- -------------------------------------------------------------------------------
1,236,926.84 4,433,396.88 0.00 0.00 163,156,138.07
===============================================================================
- -------------------------------------------------------------------------------
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-2 515.969363 38.745091 2.966824 41.711915 0.000000 477.224272
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
R 0.000000 0.000000 0.000000 0.000000 0.000000 0000.000000
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
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Page: 2 of 2
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 34,092.45
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 795.90
SUBSERVICER ADVANCES THIS MONTH 93,182.49
MASTER SERVICER ADVANCES THIS MONTH 8,382.62
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 53 5,632,832.24
(B) TWO MONTHLY PAYMENTS: 14 1,576,334.43
(C) THREE OR MORE MONTHLY PAYMENTS: 3 586,089.34
FORECLOSURES
NUMBER OF LOANS 28
AGGREGATE PRINCIPAL BALANCE 3,427,909.80
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 163,156,138.07
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,806
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 6
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,049,059.47
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,986,933.39
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.60168370 % 1.39831630 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.57428860 % 1.42571140 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33324992
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 299.56
POOL TRADING FACTOR: 63.12638110
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4194
- -------------------------------------------------------------------------------
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
- -------------------------------------------------------------------------------
A-I- 76110FAG8 52,015,000.00 0.00 6.000000 % 0.00
A-I- 76110FAH6 67,186,000.00 40,587,024.53 6.250000 % 3,752,962.47
A-I- 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
A-I- 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I- 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I- 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I- 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 14,153,442.98 6.027500 % 16,762.45
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 164,133,197.99 3,769,724.92
===============================================================================
- -------------------------------------------------------------------------------
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-2 211,390.75 3,964,353.22 0.00 0.00 36,834,062.06
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 73,461.28 90,223.73 0.00 0.00 14,136,680.53
R 264,843.12 264,843.12 0.00 0.00 2,026,594.48
- -------------------------------------------------------------------------------
1,168,085.40 4,937,810.32 0.00 0.00 160,363,473.07
===============================================================================
- -------------------------------------------------------------------------------
AMOUNTS PER $1,000 UNIT
- -------------------------------------------------------------------------------
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
- -------------------------------------------------------------------------------
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 604.099433 55.859293 3.146351 59.005644 0.000000 548.240140
A-I- 1000.000000 0.000000 5.625000 5.625000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.583334 5.583334 0.000000 1000.000000
A-II 481.819860 0.570637 2.500812 3.071449 0.000000 481.249223
R ****.****** 0.000000 *****.****** *****.****** 0.000000 ****.******
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
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Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4194
- -------------------------------------------------------------------------------
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 34,723.68
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 84,358.05
MASTER SERVICER ADVANCES THIS MONTH 19,037.91
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 5,739,109.16
(B) TWO MONTHLY PAYMENTS: 6 718,377.35
(C) THREE OR MORE MONTHLY PAYMENTS: 7 1,109,642.80
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 2,957,773.63
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 160,363,473.07
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,386
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 2,350,175.18
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,608,314.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.76527450 % 1.23472550 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.73624930 % 1.26375070 %
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 8.98552500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 310.11
POOL TRADING FACTOR: 62.65615162
................................................................................
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Page: 1 of 2
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 14,107,746.70 7.000000 % 3,168,262.75
A-3 76110FAU7 28,500,000.00 28,500,000.00 7.050000 % 0.00
A-4 76110FAV5 15,000,000.00 15,000,000.00 7.050000 % 0.00
A-5 76110FAW3 14,000,000.00 14,000,000.00 7.350000 % 0.00
A-6 76110FAX1 10,000,000.00 10,000,000.00 7.450000 % 0.00
A-7 76110FAY9 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-8 76110FAZ6 14,043,411.00 14,043,411.00 7.500000 % 0.00
A-9 76110FBA0 18,190,000.00 18,190,000.00 7.500000 % 0.00
A-10 76110FBB8 178,007.00 160,331.87 0.000000 % 1,603.76
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 141,820,603.75 3,169,866.51
===============================================================================
- -------------------------------------------------------------------------------
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 82,295.19 3,250,557.94 0.00 0.00 10,939,483.95
A-3 167,437.50 167,437.50 0.00 0.00 28,500,000.00
A-4 88,125.00 88,125.00 0.00 0.00 15,000,000.00
A-5 85,750.00 85,750.00 0.00 0.00 14,000,000.00
A-6 62,083.33 62,083.33 0.00 0.00 10,000,000.00
A-7 157,083.33 157,083.33 0.00 0.00 26,000,000.00
A-8 87,771.32 87,771.32 0.00 0.00 14,043,411.00
A-9 113,687.50 113,687.50 0.00 0.00 18,190,000.00
A-10 0.00 1,603.76 0.00 0.00 158,728.11
R 119,245.32 119,245.32 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
963,478.49 4,133,345.00 0.00 0.00 138,650,737.24
===============================================================================
- -------------------------------------------------------------------------------
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-2 881.734169 198.016422 5.143449 203.159871 0.000000 683.717747
A-3 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-4 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.125000 6.125000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.208333 6.208333 0.000000 1000.000000
A-7 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-8 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-9 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-10 900.705422 9.009533 0.000000 9.009533 0.000000 891.695888
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
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Page: 2 of 2
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 29,355.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,476.62
SUBSERVICER ADVANCES THIS MONTH 67,549.32
MASTER SERVICER ADVANCES THIS MONTH 2,491.22
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 46 5,352,942.88
(B) TWO MONTHLY PAYMENTS: 8 930,065.18
(C) THREE OR MORE MONTHLY PAYMENTS: 2 78,319.40
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 2,361,005.64
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 138,650,737.24
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,349
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 4
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 328,955.49
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,763,769.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.71731320 % 1.28268680 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.68798810 % 1.31201190 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78077958
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 315.29
POOL TRADING FACTOR: 76.21882055
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
- -------------------------------------------------------------------------------
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
- -------------------------------------------------------------------------------
A-I- 76110FBC6 42,855,000.00 0.00 6.780000 % 0.00
A-I- 76110FBD4 26,000,000.00 23,611,858.93 7.150000 % 3,667,981.43
A-I- 76110FBE2 10,596,000.00 10,596,000.00 7.290000 % 0.00
A-I- 76110FBF9 25,000,000.00 18,982,364.49 7.250000 % 27,086.63
A-I- 76110FBG7 18,587,000.00 18,587,000.00 7.460000 % 0.00
A-I- 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I- 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I- 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I- 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I- 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I- 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 17,283,721.89 7.750000 % 729,100.41
A-P 76110FBQ5 1,166,695.86 1,059,652.96 0.000000 % 6,608.56
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 12,290,007.32 7.750000 % 11,483.53
M-2 76110FBU6 5,568,000.00 5,462,007.46 7.750000 % 5,103.59
M-3 76110FBV4 4,176,000.00 4,096,505.61 7.750000 % 3,827.69
B-1 1,809,600.00 1,775,152.42 7.750000 % 1,658.67
B-2 696,000.00 682,750.93 7.750000 % 637.95
B-3 1,670,738.96 1,587,362.90 7.750000 % 1,483.20
SPRE 0.00 0.00 0.717320 % 0.00
A-V 7611OFHY2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 223,213,946.91 4,454,971.66
===============================================================================
- -------------------------------------------------------------------------------
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-2 140,637.96 3,808,619.39 0.00 0.00 19,943,877.50
A-I-3 64,348.11 64,348.11 0.00 0.00 10,596,000.00
A-I-4 114,644.87 141,731.50 0.00 0.00 18,955,277.86
A-I-5 115,508.63 115,508.63 0.00 0.00 18,587,000.00
A-I-6 140,070.83 140,070.83 0.00 0.00 21,696,000.00
A-I-7 51,951.97 51,951.97 0.00 0.00 8,047,000.00
A-I-8 112,567.98 112,567.98 0.00 0.00 17,436,000.00
A-I-9 162,337.80 162,337.80 0.00 0.00 25,145,000.00
A-I-10 122,665.27 122,665.27 0.00 0.00 19,000,000.00
A-I-11 102,493.69 102,493.69 0.00 0.00 15,875,562.00
A-II 111,584.87 840,685.28 0.00 0.00 16,554,621.48
A-P 0.00 6,608.56 0.00 0.00 1,053,044.40
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 79,345.10 90,828.63 0.00 0.00 12,278,523.79
M-2 35,263.08 40,366.67 0.00 0.00 5,456,903.87
M-3 26,447.32 30,275.01 0.00 0.00 4,092,677.92
B-1 11,460.51 13,119.18 0.00 0.00 1,773,493.75
B-2 4,407.88 5,045.83 0.00 0.00 682,112.98
B-3 10,248.12 11,731.32 0.00 0.00 1,585,879.71
SPRED 133,382.97 133,382.97 0.00 0.00 0.00
A-V 28,258.99 28,258.99 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,567,625.95 6,022,597.61 0.00 0.00 218,758,975.26
===============================================================================
Run: 02/25/98 11:54:08
Page: 2 of 3
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- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 908.148420 141.076209 5.409152 146.485361 0.000000 767.072212
A-I- 1000.000000 0.000000 6.072868 6.072868 0.000000 1000.000000
A-I- 759.294580 1.083465 4.585795 5.669260 0.000000 758.211114
A-I- 1000.000000 0.000000 6.214485 6.214485 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456067 6.456067 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456067 6.456067 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456067 6.456067 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456067 6.456067 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456067 6.456067 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456067 6.456067 0.000000 1000.000000
A-II 840.998177 35.476856 5.429541 40.906397 0.000000 805.521321
A-P 908.251239 5.664336 0.000000 5.664336 0.000000 902.586902
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-1 980.963988 0.916593 6.333168 7.249761 0.000000 980.047395
M-2 980.963983 0.916593 6.333168 7.249761 0.000000 980.047390
M-3 980.963987 0.916592 6.333170 7.249762 0.000000 980.047395
B-1 980.963981 0.916595 6.333173 7.249768 0.000000 980.047386
B-2 980.963980 0.916595 6.333161 7.249756 0.000000 980.047385
B-3 950.096298 0.887751 6.133885 7.021636 0.000000 949.208551
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:54:09 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 46,359.61
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 58,961.64
MASTER SERVICER ADVANCES THIS MONTH 1,823.51
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 4,624,029.77
(B) TWO MONTHLY PAYMENTS: 11 1,943,832.11
(C) THREE OR MORE MONTHLY PAYMENTS: 1 103,346.29
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 813,325.08
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 218,758,975.26
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,028
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 230,413.53
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,240,919.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.92484070 % 9.78815200 % 1.81228200 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 88.11718550 % 9.97815315 % 1.85639700 %
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 8.76044300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 316.46
POOL TRADING FACTOR: 78.57588176
................................................................................
Run: 02/25/98 11:54:11 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
- -------------------------------------------------------------------------------
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
- -------------------------------------------------------------------------------
A-I- 76110FBW2 45,914,000.00 7,239,973.69 6.850000 % 3,966,246.73
A-I- 76110FBX0 26,945,000.00 12,764,636.00 11.000000 % 1,454,278.95
A-I- 76110FBY8 15,646,000.00 15,646,000.00 7.300000 % 0.00
A-I- 76110FBZ5 32,740,000.00 32,740,000.00 7.500000 % 0.00
A-I- 76110FCA9 10,023,000.00 10,023,000.00 7.700000 % 0.00
A-I- 76110FCB7 26,811,000.00 26,811,000.00 8.000000 % 0.00
A-I- 76110FCC5 18,046,000.00 18,046,000.00 8.000000 % 0.00
A-I- 76110FCD3 9,094,000.00 9,094,000.00 8.000000 % 0.00
A-I- 76110FCE1 10,284,000.00 10,284,000.00 8.000000 % 0.00
A-I- 76110FCF8 27,538,000.00 27,538,000.00 7.900000 % 0.00
A-II 76110FCG6 16,021,000.00 11,673,291.09 7.250000 % 198,327.28
A-II 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,598,847.61 0.000000 % 16,236.60
A-V 76110FGN7 0.00 0.00 0.757430 % 0.00
R-I 76110FCK7 100.00 0.00 8.000000 % 0.00
R-II 76110FCL5 100.00 0.00 8.000000 % 0.00
M-1 76110FCM3 13,230,500.00 13,008,814.69 8.000000 % 13,745.56
M-2 76110FCN1 5,570,800.00 5,477,457.74 8.000000 % 5,787.67
M-3 76110FCP6 4,456,600.00 4,381,926.88 8.000000 % 4,630.09
B-1 76110FCR2 2,228,400.00 2,191,061.77 8.000000 % 2,315.15
B-2 76110FCS0 696,400.00 684,731.38 8.000000 % 723.51
B-3 76110FCT8 1,671,255.97 1,569,734.73 8.000000 % 1,658.64
STRI 0.00 0.00 0.117848 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 220,352,475.58 5,663,950.18
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-I-1 41,290.79 4,007,537.52 0.00 0.00 3,273,726.96
A-I-2 116,903.31 1,571,182.26 0.00 0.00 11,310,357.05
A-I-3 95,093.73 95,093.73 0.00 0.00 15,646,000.00
A-I-4 204,439.89 204,439.89 0.00 0.00 32,740,000.00
A-I-5 64,256.07 64,256.07 0.00 0.00 10,023,000.00
A-I-6 178,578.31 178,578.31 0.00 0.00 26,811,000.00
A-I-7 120,197.84 120,197.84 0.00 0.00 18,046,000.00
A-I-8 60,571.83 60,571.83 0.00 0.00 9,094,000.00
A-I-9 68,497.98 68,497.98 0.00 0.00 10,284,000.00
A-I-10 181,127.83 181,127.83 0.00 0.00 27,538,000.00
A-II-1 70,462.33 268,789.61 0.00 0.00 11,474,963.81
A-II-2 54,648.02 54,648.02 0.00 0.00 8,580,000.00
A-P 0.00 16,236.60 0.00 0.00 2,582,611.01
A-V 138,958.73 138,958.73 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 86,646.98 100,392.54 0.00 0.00 12,995,069.13
M-2 36,483.35 42,271.02 0.00 0.00 5,471,670.07
M-3 29,186.42 33,816.51 0.00 0.00 4,377,296.79
B-1 14,593.87 16,909.02 0.00 0.00 2,188,746.62
B-2 4,560.75 5,284.26 0.00 0.00 684,007.87
B-3 10,455.43 12,114.07 0.00 0.00 1,568,076.10
STRIP 12,382.90 12,382.90 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,589,336.36 7,253,286.54 0.00 0.00 214,688,525.41
===============================================================================
Run: 02/25/98 11:54:11
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- 157.685536 86.384256 0.899307 87.283563 0.000000 71.301280
A-I- 473.729300 53.972127 4.338590 58.310717 0.000000 419.757174
A-I- 1000.000000 0.000000 6.077830 6.077830 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.244346 6.244346 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.410862 6.410862 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.660636 6.660636 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.660636 6.660636 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.660637 6.660637 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.660636 6.660636 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.577378 6.577378 0.000000 1000.000000
A-II 728.624374 12.379207 4.398123 16.777330 0.000000 716.245166
A-II 1000.000000 0.000000 6.369233 6.369233 0.000000 1000.000000
A-P 854.985896 5.341623 0.000000 5.341623 0.000000 849.644272
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-1 983.244374 1.038930 6.549033 7.587963 0.000000 982.205444
M-2 983.244371 1.038930 6.549032 7.587962 0.000000 982.205441
M-3 983.244375 1.038929 6.549033 7.587962 0.000000 982.205446
B-1 983.244377 1.038929 6.549035 7.587964 0.000000 982.205448
B-2 983.244371 1.038929 6.549038 7.587967 0.000000 982.205442
B-3 939.254524 0.992451 6.256032 7.248483 0.000000 938.262079
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:54:13 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 45,278.26
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 73,445.26
MASTER SERVICER ADVANCES THIS MONTH 5,959.92
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 61 6,775,200.66
(B) TWO MONTHLY PAYMENTS: 4 554,509.40
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,711,946.66
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 214,688,525.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,190
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 741,800.12
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,424,220.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.42512420 % 10.37800900 % 2.01746220 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.13620660 % 10.64054818 % 2.09368540 %
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 8.98902100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 307.43
POOL TRADING FACTOR: 77.07753548
................................................................................
Run: 02/25/98 11:54:16 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS5 (POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4222
- -------------------------------------------------------------------------------
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
- -------------------------------------------------------------------------------
A-I- 76110FCU5 23,848,000.00 10,348,783.06 9.500000 % 965,768.00
A-I- 76110FCV3 25,000,000.00 16,702,888.61 7.600000 % 1,523,653.08
A-I- 76110FCW1 12,373,000.00 0.00 6.650000 % 0.00
A-I- 76110FCX9 7,100,000.00 6,687,307.47 7.450000 % 1,525,801.69
A-I- 76110FCY7 10,137,000.00 10,137,000.00 7.600000 % 0.00
A-I- 76110FCZ4 5,558,000.00 5,558,000.00 7.800000 % 0.00
A-I- 76110FDA8 16,926,000.00 16,926,000.00 8.000000 % 0.00
A-I- 76110FDB6 6,884,000.00 6,884,000.00 8.000000 % 0.00
A-I- 76110FDC4 11,229,000.00 11,229,000.00 8.000000 % 0.00
A-I- 76110FDD2 22,501,000.00 22,501,000.00 8.000000 % 0.00
A-II 76110FDE0 11,162,000.00 8,462,360.66 8.000000 % 179,957.82
A-II 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 957,795.57 0.000000 % 1,340.99
A-V 76110FGP2 0.00 0.00 0.871027 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,812,245.48 8.000000 % 18,603.13
M-2 76110FDK6 3,958,800.00 3,905,678.80 8.000000 % 9,300.51
M-3 76110FDL4 2,815,100.00 2,777,325.55 8.000000 % 6,613.59
B-1 76110FDM2 1,407,600.00 1,388,712.10 8.000000 % 3,306.91
B-2 76110FDN0 439,800.00 433,898.55 8.000000 % 1,033.23
B-3 76110FDP5 1,055,748.52 1,041,581.98 8.000000 % 2,480.30
- -------------------------------------------------------------------------------
175,944,527.21 138,278,577.83 4,237,859.25
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-I-1 81,747.35 1,047,515.35 0.00 0.00 9,383,015.06
A-I-2 105,551.87 1,629,204.95 0.00 0.00 15,179,235.53
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 41,425.55 1,567,227.24 0.00 0.00 5,161,505.78
A-I-5 64,059.54 64,059.54 0.00 0.00 10,137,000.00
A-I-6 36,047.40 36,047.40 0.00 0.00 5,558,000.00
A-I-7 112,591.36 112,591.36 0.00 0.00 16,926,000.00
A-I-8 45,792.21 45,792.21 0.00 0.00 6,884,000.00
A-I-9 74,695.05 74,695.05 0.00 0.00 11,229,000.00
A-I-10 149,676.14 149,676.14 0.00 0.00 22,501,000.00
A-II-1 56,291.43 236,249.25 0.00 0.00 8,282,402.84
A-II-2 30,100.20 30,100.20 0.00 0.00 4,525,000.00
A-P 0.00 1,340.99 0.00 0.00 956,454.58
A-V 100,149.20 100,149.20 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 51,966.88 70,570.01 0.00 0.00 7,793,642.35
M-2 25,980.49 35,281.00 0.00 0.00 3,896,378.29
M-3 18,474.70 25,088.29 0.00 0.00 2,770,711.96
B-1 9,237.68 12,544.59 0.00 0.00 1,385,405.19
B-2 2,886.29 3,919.52 0.00 0.00 432,865.32
B-3 6,928.58 9,408.88 0.00 0.00 1,033,865.66
- -------------------------------------------------------------------------------
1,013,601.92 5,251,461.17 0.00 0.00 134,035,482.56
===============================================================================
Run: 02/25/98 11:54:16
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- 433.947629 40.496813 3.427849 43.924662 0.000000 393.450816
A-I- 668.115544 60.946123 4.222075 65.168198 0.000000 607.169421
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 941.874292 214.901646 5.834585 220.736231 0.000000 726.972645
A-I- 1000.000000 0.000000 6.319379 6.319379 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.485678 6.485678 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.651977 6.651977 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.651977 6.651977 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.651977 6.651977 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.651977 6.651977 0.000000 1000.000000
A-II 758.140177 16.122363 5.043131 21.165494 0.000000 742.017814
A-II 1000.000000 0.000000 6.651978 6.651978 0.000000 1000.000000
A-P 866.094608 1.212598 0.000000 1.212598 0.000000 864.882010
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 986.581484 2.349325 6.562718 8.912043 0.000000 984.232159
M-2 986.581489 2.349326 6.562719 8.912045 0.000000 984.232164
M-3 986.581489 2.349327 6.562715 8.912042 0.000000 984.232162
B-1 986.581486 2.349325 6.562717 8.912042 0.000000 984.232161
B-2 986.581514 2.349318 6.562733 8.912051 0.000000 984.232197
B-3 986.581520 2.349328 6.562718 8.912046 0.000000 979.272655
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:54:18 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 28,377.57
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 62.19
SUBSERVICER ADVANCES THIS MONTH 52,195.17
MASTER SERVICER ADVANCES THIS MONTH 1,003.81
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 4,657,563.10
(B) TWO MONTHLY PAYMENTS: 2 411,796.61
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,228,251.15
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 134,035,482.56
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,346
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 113,359.41
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,883,517.54
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.75337980 % 10.48264300 % 2.07132060 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.99053560 % 10.78873469 % 2.14318980 %
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 9.13888400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 313.98
POOL TRADING FACTOR: 76.18053524
................................................................................
Run: 02/25/98 11:54:20 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
- -------------------------------------------------------------------------------
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
- -------------------------------------------------------------------------------
A-I- 76110FDQ3 20,106,154.00 0.00 7.050000 % 0.00
A-I- 76110FDR1 43,322,483.00 23,246,024.75 6.005470 % 2,041,441.96
A-I- 76110FDS9 0.00 0.00 2.994530 % 0.00
A-I- 76110FDT7 13,330,948.00 12,372,451.70 7.125000 % 2,005,627.28
A-I- 76110FDU4 24,973,716.00 24,631,395.95 7.600000 % 716,295.33
A-I- 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I- 76110FDW0 1,000,000.00 1,000,000.00 7.700000 % 0.00
A-I- 76110FDX8 9,539,699.00 9,539,699.00 7.700000 % 0.00
A-I- 76110FDY6 22,526,000.00 22,526,000.00 8.000000 % 0.00
A-I- 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I- 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I- 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 17,285,754.09 8.000000 % 751,062.22
A-P 76110FED1 601,147.92 499,780.47 0.000000 % 3,864.44
A-V 76110FGQ0 0.00 0.00 0.812950 % 0.00
R-I 76110FEE9 100.00 0.00 8.000000 % 0.00
R-II 76110FEF6 100.00 0.00 8.000000 % 0.00
M-1 76110FEG4 9,114,600.00 9,007,456.98 8.000000 % 8,522.27
M-2 76110FEH2 5,126,400.00 5,066,138.67 8.000000 % 4,793.25
M-3 76110FEJ8 3,645,500.00 3,602,646.77 8.000000 % 3,408.59
B-1 1,822,700.00 1,801,273.98 8.000000 % 1,704.25
B-2 569,600.00 562,904.30 8.000000 % 532.58
B-3 1,366,716.75 1,350,650.85 8.000000 % 1,277.89
- -------------------------------------------------------------------------------
227,839,864.67 183,182,177.51 5,538,530.06
===============================================================================
- -------------------------------------------------------------------------------
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-2 115,942.81 2,157,384.77 0.00 0.00 21,204,582.79
A-I-3 57,813.00 57,813.00 0.00 0.00 0.00
A-I-4 73,213.09 2,078,840.37 0.00 0.00 10,366,824.42
A-I-5 155,471.48 871,766.81 0.00 0.00 23,915,100.62
A-I-6 493.61 493.61 0.00 0.00 0.00
A-I-7 6,394.98 6,394.98 0.00 0.00 1,000,000.00
A-I-8 61,006.14 61,006.14 0.00 0.00 9,539,699.00
A-I-9 149,665.67 149,665.67 0.00 0.00 22,526,000.00
A-I-10 77,404.12 77,404.12 0.00 0.00 11,650,000.00
A-I-11 202,121.08 202,121.08 0.00 0.00 30,421,000.00
A-I-12 57,265.76 57,265.76 0.00 0.00 8,619,000.00
A-II 114,848.80 865,911.02 0.00 0.00 16,534,691.87
A-P 0.00 3,864.44 0.00 0.00 495,916.03
A-V 123,678.77 123,678.77 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 59,846.71 68,368.98 0.00 0.00 8,998,934.71
M-2 33,660.09 38,453.34 0.00 0.00 5,061,345.42
M-3 23,936.46 27,345.05 0.00 0.00 3,599,238.18
B-1 11,967.90 13,672.15 0.00 0.00 1,799,569.73
B-2 3,740.01 4,272.59 0.00 0.00 562,371.72
B-3 8,973.90 10,251.79 0.00 0.00 1,349,372.96
- -------------------------------------------------------------------------------
1,337,444.38 6,875,974.44 0.00 0.00 177,643,647.45
===============================================================================
Run: 02/25/98 11:54:20
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- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 536.581081 47.121998 2.676273 49.798271 0.000000 489.459083
A-I- 928.099915 150.448961 5.491964 155.940925 0.000000 777.650953
A-I- 986.292787 28.681968 6.225404 34.907372 0.000000 957.610819
A-I- 1000.000000 0.000000 6.394980 6.394980 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.394975 6.394975 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.644130 6.644130 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.644130 6.644130 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.644130 6.644130 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.644130 6.644130 0.000000 1000.000000
A-II 859.816658 37.358845 5.712734 43.071579 0.000000 822.457813
A-P 831.376860 6.428435 0.000000 6.428435 0.000000 824.948425
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-1 988.244902 0.935013 6.566027 7.501040 0.000000 987.309889
M-2 988.244903 0.935013 6.566029 7.501042 0.000000 987.309890
M-3 988.244896 0.935013 6.566029 7.501042 0.000000 987.309883
B-1 988.244900 0.935014 6.566028 7.501042 0.000000 987.309886
B-2 988.244909 0.935007 6.566029 7.501036 0.000000 987.309902
B-3 988.244894 0.935007 6.566028 7.501035 0.000000 987.309887
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:54:23 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 37,628.80
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 62,874.14
MASTER SERVICER ADVANCES THIS MONTH 1,008.36
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 4,455,874.31
(B) TWO MONTHLY PAYMENTS: 6 1,488,196.84
(C) THREE OR MORE MONTHLY PAYMENTS: 3 178,858.40
FORECLOSURES
NUMBER OF LOANS 14
AGGREGATE PRINCIPAL BALANCE 1,617,886.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 177,643,647.45
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,780
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 122,942.50
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,359,037.90
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.04968240 % 9.64954300 % 2.02794250 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.93615220 % 9.94097935 % 2.09503920 %
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 9.11900600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 316.01
POOL TRADING FACTOR: 77.96864158
................................................................................
Run: 02/25/98 11:50:41 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8 (POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
- -------------------------------------------------------------------------------
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
- -------------------------------------------------------------------------------
A-1 76110FEK5 4,000,000.00 3,056,956.06 7.400000 % 160,094.74
A-2 76110FEL3 4,074,824.00 1,919,651.14 7.300000 % 274,621.64
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 9,882,962.20 7.400000 % 653,766.88
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 25,047,306.09 6.105470 % 1,076,645.84
A-8 76110FES8 0.00 0.00 2.894530 % 0.00
A-9 76110FET6 32,965,000.00 17,154,147.95 0.000000 % 2,258,638.14
A-10 76110FEU3 20,953,719.00 20,637,265.45 7.400000 % 53,722.39
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 115,824.70 110,126.94 0.000000 % 171.60
A-15 76110FGR8 0.00 0.00 0.891365 % 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 6,602,533.95 7.750000 % 18,511.40
M-2 76110FFC2 4,440,700.00 4,401,722.34 7.750000 % 12,341.02
M-3 76110FFD0 3,108,500.00 3,081,215.55 7.750000 % 8,638.74
B-1 1,509,500.00 1,496,250.57 7.750000 % 4,195.01
B-2 444,000.00 440,102.86 7.750000 % 1,233.91
B-3 1,154,562.90 1,131,302.59 7.750000 % 3,171.76
- -------------------------------------------------------------------------------
177,623,205.60 151,077,355.69 4,525,753.07
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 18,845.02 178,939.76 0.00 0.00 2,896,861.32
A-2 11,674.03 286,295.67 0.00 0.00 1,645,029.50
A-3 77,102.79 77,102.79 0.00 0.00 13,128,206.00
A-4 22,897.10 22,897.10 0.00 0.00 3,765,148.00
A-5 60,924.84 714,691.72 0.00 0.00 9,229,195.32
A-6 16,031.13 16,031.13 0.00 0.00 2,600,500.00
A-7 127,395.97 1,204,041.81 0.00 0.00 23,970,660.25
A-8 60,396.90 60,396.90 0.00 0.00 0.00
A-9 105,003.38 2,363,641.52 0.00 0.00 14,895,509.81
A-10 127,221.19 180,943.58 0.00 0.00 20,583,543.06
A-11 90,225.46 90,225.46 0.00 0.00 13,975,000.00
A-12 12,912.41 12,912.41 0.00 0.00 2,000,000.00
A-13 133,300.99 133,300.99 0.00 0.00 20,646,958.00
A-14 0.00 171.60 0.00 0.00 109,955.34
A-15 112,183.85 112,183.85 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 42,627.31 61,138.71 0.00 0.00 6,584,022.55
M-2 28,418.42 40,759.44 0.00 0.00 4,389,381.32
M-3 19,892.96 28,531.70 0.00 0.00 3,072,576.81
B-1 9,660.09 13,855.10 0.00 0.00 1,492,055.56
B-2 2,841.39 4,075.30 0.00 0.00 438,868.95
B-3 7,303.92 10,475.68 0.00 0.00 1,083,265.65
- -------------------------------------------------------------------------------
1,086,859.15 5,612,612.22 0.00 0.00 146,506,737.44
===============================================================================
Run: 02/25/98 11:50:41
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-1 764.239015 40.023685 4.711255 44.734940 0.000000 724.215330
A-2 471.100381 67.394724 2.864916 70.259640 0.000000 403.705657
A-3 1000.000000 0.000000 5.873064 5.873064 0.000000 1000.000000
A-4 1000.000000 0.000000 6.081328 6.081328 0.000000 1000.000000
A-5 941.234495 62.263512 5.802366 68.065878 0.000000 878.970983
A-6 1000.000000 0.000000 6.164634 6.164634 0.000000 1000.000000
A-7 793.149230 34.093120 4.034127 38.127247 0.000000 759.056110
A-9 520.374578 68.516249 3.185299 71.701548 0.000000 451.858329
A-10 984.897500 2.563859 6.071533 8.635392 0.000000 982.333640
A-11 1000.000000 0.000000 6.456205 6.456205 0.000000 1000.000000
A-12 1000.000000 0.000000 6.456205 6.456205 0.000000 1000.000000
A-13 1000.000000 0.000000 6.456205 6.456205 0.000000 1000.000000
A-14 950.807039 1.481549 0.000000 1.481549 0.000000 949.325489
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 991.222632 2.779072 6.399536 9.178608 0.000000 988.443560
M-2 991.222632 2.779071 6.399536 9.178607 0.000000 988.443561
M-3 991.222631 2.779070 6.399537 9.178607 0.000000 988.443561
B-1 991.222637 2.779073 6.399530 9.178603 0.000000 988.443564
B-2 991.222658 2.779077 6.399527 9.178604 0.000000 988.443581
B-3 979.853579 2.747152 6.326134 9.073286 0.000000 938.247413
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:50:43 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 31,001.04
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 44,119.08
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 2,461,608.84
(B) TWO MONTHLY PAYMENTS: 7 622,184.64
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 26
AGGREGATE PRINCIPAL BALANCE 2,409,568.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 146,506,737.45
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,418
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 3,752,355.82
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 85,706.02
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.63784680 % 9.33015200 % 2.03200130 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.34662170 % 9.58725921 % 2.05891830 %
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 8.97008816
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.49
POOL TRADING FACTOR: 82.48175510
................................................................................
Run: 02/25/98 11:51:07 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 11,525,536.71 6.750000 % 1,835,947.95
A-2 76110FFF5 10,146,000.00 5,032,479.08 6.750000 % 431,987.77
A-3 76110FFG3 24,816,000.00 24,816,000.00 6.750000 % 0.00
A-4 76110FFH1 15,938,000.00 15,938,000.00 6.750000 % 0.00
A-5 76110FFJ7 10,253,000.00 10,253,000.00 6.750000 % 0.00
A-6 76110FFK4 31,511,646.00 25,758,935.29 11.000000 % 485,986.21
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 212,947.62 210,034.37 0.000000 % 413.31
A-13 76110FFS7 0.00 0.00 0.953754 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,313,195.11 7.500000 % 6,227.45
M-2 76110FFW8 6,251,000.00 6,208,465.69 7.500000 % 4,151.41
M-3 76110FFW8 4,375,700.00 4,345,925.97 7.500000 % 2,905.99
B-1 1,624,900.00 1,613,843.53 7.500000 % 1,079.13
B-2 624,800.00 620,548.61 7.500000 % 414.94
B-3 1,500,282.64 1,490,074.11 7.500000 % 996.37
- -------------------------------------------------------------------------------
250,038,730.26 217,275,392.47 2,770,110.53
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 64,762.38 1,900,710.33 0.00 0.00 9,689,588.76
A-2 28,277.67 460,265.44 0.00 0.00 4,600,491.31
A-3 139,441.95 139,441.95 0.00 0.00 24,816,000.00
A-4 89,556.16 89,556.16 0.00 0.00 15,938,000.00
A-5 57,611.96 57,611.96 0.00 0.00 10,253,000.00
A-6 235,873.13 721,859.34 0.00 0.00 25,272,949.08
A-7 99,187.19 99,187.19 0.00 0.00 17,652,000.00
A-8 31,778.95 31,778.95 0.00 0.00 5,655,589.00
A-9 107,143.74 107,143.74 0.00 0.00 19,068,000.00
A-10 57,694.92 57,694.92 0.00 0.00 10,267,765.00
A-11 296,597.58 296,597.58 0.00 0.00 47,506,000.00
A-12 0.00 413.31 0.00 0.00 209,621.06
A-13 172,506.21 172,506.21 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 58,145.73 64,373.18 0.00 0.00 9,306,967.66
M-2 38,761.75 42,913.16 0.00 0.00 6,204,314.28
M-3 27,133.23 30,039.22 0.00 0.00 4,343,019.98
B-1 10,075.82 11,154.95 0.00 0.00 1,612,764.40
B-2 3,874.32 4,289.26 0.00 0.00 620,133.67
B-3 9,303.08 10,299.45 0.00 0.00 1,489,077.74
- -------------------------------------------------------------------------------
1,527,725.77 4,297,836.30 0.00 0.00 214,505,281.94
===============================================================================
Run: 02/25/98 11:51:07
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-1 346.549303 55.203198 1.947272 57.150470 0.000000 291.346105
A-2 496.006217 42.577151 2.787076 45.364227 0.000000 453.429067
A-3 1000.000000 0.000000 5.619034 5.619034 0.000000 1000.000000
A-4 1000.000000 0.000000 5.619034 5.619034 0.000000 1000.000000
A-5 1000.000000 0.000000 5.619034 5.619034 0.000000 1000.000000
A-6 817.441758 15.422432 7.485268 22.907700 0.000000 802.019326
A-7 1000.000000 0.000000 5.619034 5.619034 0.000000 1000.000000
A-8 1000.000000 0.000000 5.619035 5.619035 0.000000 1000.000000
A-9 1000.000000 0.000000 5.619034 5.619034 0.000000 1000.000000
A-10 1000.000000 0.000000 5.619034 5.619034 0.000000 1000.000000
A-11 1000.000000 0.000000 6.243371 6.243371 0.000000 1000.000000
A-12 986.319406 1.940900 0.000000 1.940900 0.000000 984.378506
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.195597 0.664120 6.200888 6.865008 0.000000 992.531477
M-2 993.195599 0.664119 6.200888 6.865007 0.000000 992.531480
M-3 993.195596 0.664120 6.200889 6.865009 0.000000 992.531476
B-1 993.195600 0.664121 6.200886 6.865007 0.000000 992.531479
B-2 993.195599 0.664117 6.200896 6.865013 0.000000 992.531482
B-3 993.195595 0.664122 6.200885 6.865007 0.000000 992.531474
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:51:09 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 45,221.72
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,766.28
SUBSERVICER ADVANCES THIS MONTH 39,848.35
MASTER SERVICER ADVANCES THIS MONTH 2,066.43
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 3,583,290.10
(B) TWO MONTHLY PAYMENTS: 12 1,128,075.89
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 343,878.88
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 214,505,281.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,027
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 256,196.75
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,624,745.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.13135970 % 9.15281300 % 1.71582710 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.99824770 % 9.25585689 % 1.73684140 %
BANKRUPTCY AMOUNT AVAILABLE 182,005.00
FRAUD AMOUNT AVAILABLE 5,000,775.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,500,387.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.77743595
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.39
POOL TRADING FACTOR: 85.78882228
................................................................................
Run: 02/25/98 11:51:21 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 25,478,429.56 9.000000 % 662,301.03
A-2 76110FFZ1 37,000,000.00 24,860,137.48 7.250000 % 1,428,071.56
A-3 76110FGA5 5,200,000.00 5,200,000.00 7.250000 % 0.00
A-4 76110FGB3 18,200,000.00 18,200,000.00 7.250000 % 0.00
A-5 76110FGC1 10,000,000.00 8,064,510.54 7.250000 % 227,681.12
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 130,561.76 127,627.96 0.000000 % 121.60
A-10 76110FGH0 0.00 0.00 0.729380 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,901,991.27 7.750000 % 3,187.73
M-2 76110FGL1 4,109,600.00 4,084,926.45 7.750000 % 2,656.39
M-3 76110FGM9 2,630,200.00 2,614,408.59 7.750000 % 1,700.13
B-1 1,068,500.00 1,062,084.85 7.750000 % 690.67
B-2 410,900.00 408,433.01 7.750000 % 265.60
B-3 821,738.81 816,805.23 7.750000 % 531.16
- -------------------------------------------------------------------------------
164,383,983.57 144,591,567.94 2,327,206.99
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 191,024.36 853,325.39 0.00 0.00 24,816,128.53
A-2 150,146.46 1,578,218.02 0.00 0.00 23,432,065.92
A-3 31,406.17 31,406.17 0.00 0.00 5,200,000.00
A-4 109,921.58 109,921.58 0.00 0.00 18,200,000.00
A-5 48,706.80 276,387.92 0.00 0.00 7,836,829.42
A-6 44,520.84 44,520.84 0.00 0.00 7,371,430.00
A-7 67,149.27 67,149.27 0.00 0.00 10,400,783.00
A-8 200,141.42 200,141.42 0.00 0.00 31,000,000.00
A-9 0.00 121.60 0.00 0.00 127,506.36
A-10 87,855.85 87,855.85 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,648.11 34,835.84 0.00 0.00 4,898,803.54
M-2 26,373.00 29,029.39 0.00 0.00 4,082,270.06
M-3 16,879.08 18,579.21 0.00 0.00 2,612,708.46
B-1 6,857.01 7,547.68 0.00 0.00 1,061,394.18
B-2 2,636.92 2,902.52 0.00 0.00 408,167.41
B-3 5,273.44 5,804.60 0.00 0.00 816,274.07
- -------------------------------------------------------------------------------
1,020,540.31 3,347,747.30 0.00 0.00 142,264,360.95
===============================================================================
Run: 02/25/98 11:51:21
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-1 819.016418 21.289986 6.140570 27.430556 0.000000 797.726431
A-2 671.895608 38.596529 4.058012 42.654541 0.000000 633.299079
A-3 1000.000000 0.000000 6.039648 6.039648 0.000000 1000.000000
A-4 1000.000000 0.000000 6.039647 6.039647 0.000000 1000.000000
A-5 806.451054 22.768112 4.870680 27.638792 0.000000 783.682942
A-6 1000.000000 0.000000 6.039648 6.039648 0.000000 1000.000000
A-7 1000.000000 0.000000 6.456175 6.456175 0.000000 1000.000000
A-8 1000.000000 0.000000 6.456175 6.456175 0.000000 1000.000000
A-9 977.529408 0.931360 0.000000 0.931360 0.000000 976.598048
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.996121 0.646389 6.417412 7.063801 0.000000 993.349732
M-2 993.996119 0.646387 6.417413 7.063800 0.000000 993.349732
M-3 993.996118 0.646388 6.417413 7.063801 0.000000 993.349730
B-1 993.996116 0.646392 6.417417 7.063809 0.000000 993.349724
B-2 993.996130 0.646386 6.417425 7.063811 0.000000 993.349745
B-3 993.996170 0.646385 6.417416 7.063801 0.000000 993.349785
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:51:22 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 30,014.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,552.04
SUBSERVICER ADVANCES THIS MONTH 36,780.25
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 3,299,396.99
(B) TWO MONTHLY PAYMENTS: 4 828,248.57
(C) THREE OR MORE MONTHLY PAYMENTS: 1 33,210.03
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 548,287.07
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 142,264,360.95
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,362
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 2,233,161.30
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.38607880 % 8.03060400 % 1.58331770 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.23503250 % 8.14946342 % 1.60819350 %
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 8.80017559
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.05
POOL TRADING FACTOR: 86.54393078
................................................................................
Run: 02/25/98 11:51:29 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 21,036,722.48 7.250000 % 1,924,028.55
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 12,210,492.14 9.500000 % 549,722.44
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 105,377.04 0.000000 % 116.97
A-10 76110FHB2 0.00 0.00 0.733905 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,313,870.41 7.750000 % 3,399.58
M-2 76110FHE6 4,112,900.00 4,087,646.14 7.750000 % 2,615.10
M-3 76110FHF3 2,632,200.00 2,616,037.86 7.750000 % 1,673.63
B-1 1,069,400.00 1,062,833.72 7.750000 % 679.96
B-2 411,200.00 408,675.17 7.750000 % 261.45
B-3 823,585.68 818,528.70 7.750000 % 523.58
- -------------------------------------------------------------------------------
164,514,437.18 150,188,183.66 2,483,021.26
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 127,059.11 2,051,087.66 0.00 0.00 19,112,693.93
A-2 166,069.41 166,069.41 0.00 0.00 26,579,000.00
A-3 105,100.03 105,100.03 0.00 0.00 16,821,000.00
A-4 151,661.19 151,661.19 0.00 0.00 23,490,000.00
A-5 46,085.89 46,085.89 0.00 0.00 7,138,000.00
A-6 6,456.41 6,456.41 0.00 0.00 1,000,000.00
A-7 96,637.69 646,360.13 0.00 0.00 11,660,769.70
A-8 177,551.42 177,551.42 0.00 0.00 27,500,000.00
A-9 0.00 116.97 0.00 0.00 105,260.07
A-10 91,825.89 91,825.89 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 34,308.56 37,708.14 0.00 0.00 5,310,470.83
M-2 26,391.54 29,006.64 0.00 0.00 4,085,031.04
M-3 16,890.22 18,563.85 0.00 0.00 2,614,364.23
B-1 6,862.09 7,542.05 0.00 0.00 1,062,153.76
B-2 2,638.58 2,900.03 0.00 0.00 408,413.72
B-3 5,284.76 5,808.34 0.00 0.00 818,005.04
- -------------------------------------------------------------------------------
1,060,822.79 3,543,844.05 0.00 0.00 147,705,162.32
===============================================================================
Run: 02/25/98 11:51:29
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-1 655.165919 59.921784 3.957118 63.878902 0.000000 595.244135
A-2 1000.000000 0.000000 6.248144 6.248144 0.000000 1000.000000
A-3 1000.000000 0.000000 6.248144 6.248144 0.000000 1000.000000
A-4 1000.000000 0.000000 6.456415 6.456415 0.000000 1000.000000
A-5 1000.000000 0.000000 6.456415 6.456415 0.000000 1000.000000
A-6 1000.000000 0.000000 6.456410 6.456410 0.000000 1000.000000
A-7 794.230008 35.756631 6.285787 42.042418 0.000000 758.473377
A-8 1000.000000 0.000000 6.456415 6.456415 0.000000 1000.000000
A-9 981.607523 1.089598 0.000000 1.089598 0.000000 980.517925
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.859841 0.635828 6.416773 7.052601 0.000000 993.224013
M-2 993.859841 0.635829 6.416772 7.052601 0.000000 993.224012
M-3 993.859836 0.635829 6.416769 7.052598 0.000000 993.224007
B-1 993.859847 0.635833 6.416766 7.052599 0.000000 993.224014
B-2 993.859849 0.635822 6.416780 7.052602 0.000000 993.224027
B-3 993.859801 0.635732 6.416770 7.052502 0.000000 993.223975
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:51:31 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 31,029.72
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,681.68
SUBSERVICER ADVANCES THIS MONTH 35,201.87
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 3,269,352.98
(B) TWO MONTHLY PAYMENTS: 4 306,639.21
(C) THREE OR MORE MONTHLY PAYMENTS: 1 54,671.97
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 985,824.75
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 147,705,162.32
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,376
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 2,386,924.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.46686800 % 8.00728300 % 1.52584940 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.31270450 % 8.13097248 % 1.55052440 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,935,433.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,650,000.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.80827405
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.52
POOL TRADING FACTOR: 89.78249256
................................................................................
Run: 02/25/98 11:51:43 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 28,401,975.60 7.250000 % 3,135,501.40
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 21,202,903.39 10.000000 % 696,778.01
A-5 76110FHP1 17,675,100.00 17,675,100.00 7.500000 % 0.00
A-6 76110FHQ9 7,150,100.00 7,150,100.00 7.750000 % 0.00
A-7 76110FHR7 52,000,000.00 52,000,000.00 7.750000 % 0.00
A-8 76110FHS5 155,284.33 154,251.76 0.000000 % 731.06
A-9 76110FHT3 0.00 0.00 0.743394 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,152,063.52 7.750000 % 4,494.19
M-2 76110FHW6 4,975,300.00 4,951,390.31 7.750000 % 3,111.34
M-3 76110FHX4 3,316,900.00 3,300,960.04 7.750000 % 2,074.25
B-1 1,216,200.00 1,210,355.34 7.750000 % 760.56
B-2 552,900.00 550,242.94 7.750000 % 345.76
B-3 995,114.30 990,332.12 7.750000 % 622.30
- -------------------------------------------------------------------------------
221,126,398.63 202,913,221.02 3,844,418.87
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 171,578.59 3,307,079.99 0.00 0.00 25,266,474.20
A-2 216,119.62 216,119.62 0.00 0.00 35,775,000.00
A-3 135,311.39 135,311.39 0.00 0.00 22,398,546.00
A-4 176,673.68 873,451.69 0.00 0.00 20,506,125.38
A-5 110,458.64 110,458.64 0.00 0.00 17,675,100.00
A-6 46,173.24 46,173.24 0.00 0.00 7,150,100.00
A-7 335,800.68 335,800.68 0.00 0.00 52,000,000.00
A-8 0.00 731.06 0.00 0.00 153,520.70
A-9 125,691.48 125,691.48 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,185.92 50,680.11 0.00 0.00 7,147,569.33
M-2 31,974.62 35,085.96 0.00 0.00 4,948,278.97
M-3 21,316.63 23,390.88 0.00 0.00 3,298,885.79
B-1 7,816.12 8,576.68 0.00 0.00 1,209,594.78
B-2 3,553.30 3,899.06 0.00 0.00 549,897.18
B-3 6,395.27 7,017.57 0.00 0.00 989,709.82
- -------------------------------------------------------------------------------
1,435,049.18 5,279,468.05 0.00 0.00 199,068,802.15
===============================================================================
Run: 02/25/98 11:51:43
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-1 656.981542 72.528988 3.968878 76.497866 0.000000 584.452554
A-2 1000.000000 0.000000 6.041080 6.041080 0.000000 1000.000000
A-3 1000.000000 0.000000 6.041079 6.041079 0.000000 1000.000000
A-4 865.486661 28.441957 7.211687 35.653644 0.000000 837.044703
A-5 1000.000000 0.000000 6.249393 6.249393 0.000000 1000.000000
A-6 1000.000000 0.000000 6.457705 6.457705 0.000000 1000.000000
A-7 1000.000000 0.000000 6.457705 6.457705 0.000000 1000.000000
A-8 993.350456 4.707880 0.000000 4.707880 0.000000 988.642576
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.194323 0.625357 6.426672 7.052029 0.000000 994.568966
M-2 995.194322 0.625357 6.426672 7.052029 0.000000 994.568965
M-3 995.194320 0.625358 6.426672 7.052030 0.000000 994.568962
B-1 995.194327 0.625358 6.426673 7.052031 0.000000 994.568969
B-2 995.194321 0.625357 6.426659 7.052016 0.000000 994.568964
B-3 995.194341 0.625355 6.426669 7.052024 0.000000 994.568984
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:51:46 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 42,014.59
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,947.80
SUBSERVICER ADVANCES THIS MONTH 31,398.93
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 2,111,873.33
(B) TWO MONTHLY PAYMENTS: 5 615,432.11
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,342,513.92
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 199,068,802.15
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,830
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 3,716,890.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.04584900 % 7.59740200 % 1.35674910 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.87856110 % 7.73337355 % 1.38209680 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 6,633,792.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,211,264.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81987051
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.25
POOL TRADING FACTOR: 90.02489227
................................................................................
Run: 02/25/98 11:51:49 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 21,850,374.02 7.250000 % 1,524,493.25
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 25,663,299.29 10.000000 % 571,684.97
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 340,158.57 336,982.25 0.000000 % 696.79
A-11 76110FJK0 0.00 0.00 0.629285 % 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 6,698,153.21 8.000000 % 4,114.63
M-2 76110FJP9 4,330,000.00 4,309,510.17 8.000000 % 2,647.30
M-3 76110FJQ7 2,886,000.00 2,872,343.28 8.000000 % 1,764.46
B-1 1,058,000.00 1,052,993.48 8.000000 % 646.85
B-2 481,000.00 478,723.88 8.000000 % 294.08
B-3 866,066.26 861,967.97 8.000000 % 529.50
- -------------------------------------------------------------------------------
192,360,424.83 176,536,438.55 2,106,871.83
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 131,913.49 1,656,406.74 0.00 0.00 20,325,880.77
A-2 65,200.97 65,200.97 0.00 0.00 10,800,000.00
A-3 213,700.14 785,385.11 0.00 0.00 25,091,614.32
A-4 144,891.05 144,891.05 0.00 0.00 24,000,000.00
A-5 71,148.09 71,148.09 0.00 0.00 11,785,091.00
A-6 120,862.45 120,862.45 0.00 0.00 18,143,000.00
A-7 31,756.12 31,756.12 0.00 0.00 4,767,000.00
A-8 26,802.98 26,802.98 0.00 0.00 0.00
A-9 259,095.38 259,095.38 0.00 0.00 42,917,000.00
A-10 0.00 696.79 0.00 0.00 336,285.46
A-11 92,506.87 92,506.87 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 44,620.80 48,735.43 0.00 0.00 6,694,038.58
M-2 28,708.48 31,355.78 0.00 0.00 4,306,862.87
M-3 19,134.57 20,899.03 0.00 0.00 2,870,578.82
B-1 7,014.69 7,661.54 0.00 0.00 1,052,346.63
B-2 3,189.09 3,483.17 0.00 0.00 478,429.80
B-3 5,742.13 6,271.63 0.00 0.00 861,438.47
- -------------------------------------------------------------------------------
1,266,287.30 3,373,159.13 0.00 0.00 174,429,566.72
===============================================================================
Run: 02/25/98 11:51:49
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-1 656.167388 45.780578 3.961366 49.741944 0.000000 610.386810
A-2 1000.000000 0.000000 6.037127 6.037127 0.000000 1000.000000
A-3 856.673807 19.083577 7.133584 26.217161 0.000000 837.590231
A-4 1000.000000 0.000000 6.037127 6.037127 0.000000 1000.000000
A-5 1000.000000 0.000000 6.037127 6.037127 0.000000 1000.000000
A-6 1000.000000 0.000000 6.661657 6.661657 0.000000 1000.000000
A-7 1000.000000 0.000000 6.661657 6.661657 0.000000 1000.000000
A-9 1000.000000 0.000000 6.037127 6.037127 0.000000 1000.000000
A-10 990.662237 2.048427 0.000000 2.048427 0.000000 988.613810
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.267936 0.611386 6.630134 7.241520 0.000000 994.656550
M-2 995.267938 0.611386 6.630134 7.241520 0.000000 994.656552
M-3 995.267942 0.611386 6.630135 7.241521 0.000000 994.656556
B-1 995.267940 0.611389 6.630142 7.241531 0.000000 994.656550
B-2 995.267942 0.611393 6.630125 7.241518 0.000000 994.656549
B-3 995.267926 0.611362 6.630128 7.241490 0.000000 994.656536
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:51:51 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 36,581.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,108.98
SUBSERVICER ADVANCES THIS MONTH 26,314.59
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,450,409.43
(B) TWO MONTHLY PAYMENTS: 2 181,870.09
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 715,186.37
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 174,429,566.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,637
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 1,998,347.18
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.76405100 % 7.87744000 % 1.35850890 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.65805700 % 7.95248221 % 1.37409950 %
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 8.94170545
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.33
POOL TRADING FACTOR: 90.67850982
................................................................................
Run: 02/25/98 11:51:54 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 37,403,673.09 7.500000 % 1,241,477.69
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 20,831,644.29 7.500000 % 66,271.32
A-6 76110FJW4 164,986.80 159,492.74 0.000000 % 670.92
A-7 76110FJX2 0.00 0.00 0.742272 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,598,838.85 7.500000 % 8,267.64
M-2 76110FKA0 1,061,700.00 1,039,476.80 7.500000 % 3,306.87
M-3 76110FKB8 690,100.00 675,655.02 7.500000 % 2,149.45
B-1 371,600.00 363,821.77 7.500000 % 1,157.42
B-2 159,300.00 155,965.56 7.500000 % 496.17
B-3 372,446.48 364,650.53 7.500000 % 1,160.06
- -------------------------------------------------------------------------------
106,172,633.28 100,068,218.65 1,324,957.54
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 233,592.41 1,475,070.10 0.00 0.00 36,162,195.40
A-2 97,943.05 97,943.05 0.00 0.00 15,683,000.00
A-3 117,072.01 117,072.01 0.00 0.00 18,746,000.00
A-4 12,777.62 12,777.62 0.00 0.00 2,046,000.00
A-5 130,097.22 196,368.54 0.00 0.00 20,765,372.97
A-6 0.00 670.92 0.00 0.00 158,821.82
A-7 61,850.42 61,850.42 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,230.20 24,497.84 0.00 0.00 2,590,571.21
M-2 6,491.71 9,798.58 0.00 0.00 1,036,169.93
M-3 4,219.58 6,369.03 0.00 0.00 673,505.57
B-1 2,272.13 3,429.55 0.00 0.00 362,664.35
B-2 974.03 1,470.20 0.00 0.00 155,469.39
B-3 2,277.31 3,437.37 0.00 0.00 363,490.47
- -------------------------------------------------------------------------------
685,797.69 2,010,755.23 0.00 0.00 98,743,261.11
===============================================================================
- -------------------------------------------------------------------------------
AMOUNTS PER $1,000 UNIT
- -------------------------------------------------------------------------------
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
- -------------------------------------------------------------------------------
A-1 870.946609 28.907877 5.439212 34.347089 0.000000 842.038732
A-2 1000.000000 0.000000 6.245173 6.245173 0.000000 1000.000000
A-3 1000.000000 0.000000 6.245173 6.245173 0.000000 1000.000000
A-4 1000.000000 0.000000 6.245171 6.245171 0.000000 1000.000000
A-5 979.068679 3.114693 6.114453 9.229146 0.000000 975.953987
A-6 966.700003 4.066507 0.000000 4.066507 0.000000 962.633496
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 979.068283 3.114693 6.114451 9.229144 0.000000 975.953590
M-2 979.068287 3.114693 6.114449 9.229142 0.000000 975.953593
M-3 979.068280 3.114694 6.114447 9.229141 0.000000 975.953586
B-1 979.068272 3.114693 6.114451 9.229144 0.000000 975.953579
B-2 979.068173 3.114689 6.114438 9.229127 0.000000 975.953484
B-3 979.068268 3.114703 6.114462 9.229165 0.000000 975.953565
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:51:55 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 20,838.53
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,722.27
SUBSERVICER ADVANCES THIS MONTH 14,251.53
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 14 1,283,768.50
(B) TWO MONTHLY PAYMENTS: 2 125,832.79
(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 98,743,261.11
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,235
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 1,006,561.99
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.79684230 % 4.31791200 % 0.88524590 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.74372330 % 4.35497740 % 0.89428330 %
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 8.55825476
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 165.24
POOL TRADING FACTOR: 93.00255448
................................................................................
Run: 02/25/98 11:52:12 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 72,641,277.04 7.500000 % 2,710,288.33
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 20,517,896.71 9.500000 % 387,184.05
A-8 76110FKP7 156,262.27 149,060.69 0.000000 % 119.40
A-9 76110FKQ5 0.00 0.00 0.781409 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,673,538.85 7.750000 % 21,518.68
M-2 76110FKM4 3,827,000.00 3,813,593.12 7.750000 % 12,296.85
M-3 76110FKN2 2,870,200.00 2,860,145.02 7.750000 % 9,222.47
B-1 1,052,400.00 1,048,713.20 7.750000 % 3,381.55
B-2 478,400.00 476,724.05 7.750000 % 1,537.19
B-3 861,188.35 858,171.40 7.750000 % 2,767.15
- -------------------------------------------------------------------------------
191,342,550.62 180,023,120.08 3,148,315.67
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 453,719.54 3,164,007.87 0.00 0.00 69,930,988.71
A-2 131,066.68 131,066.68 0.00 0.00 20,984,000.00
A-3 68,706.32 68,706.32 0.00 0.00 11,000,000.00
A-4 24,984.12 24,984.12 0.00 0.00 4,000,000.00
A-5 112,949.03 112,949.03 0.00 0.00 17,500,000.00
A-6 105,662.00 105,662.00 0.00 0.00 17,500,000.00
A-7 162,330.15 549,514.20 0.00 0.00 20,130,712.66
A-8 0.00 119.40 0.00 0.00 148,941.29
A-9 117,151.86 117,151.86 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 43,072.56 64,591.24 0.00 0.00 6,652,020.17
M-2 24,613.81 36,910.66 0.00 0.00 3,801,296.27
M-3 18,460.03 27,682.50 0.00 0.00 2,850,922.55
B-1 6,768.64 10,150.19 0.00 0.00 1,045,331.65
B-2 3,076.88 4,614.07 0.00 0.00 475,186.86
B-3 5,538.84 8,305.99 0.00 0.00 855,404.25
- -------------------------------------------------------------------------------
1,278,100.46 4,426,416.13 0.00 0.00 176,874,804.41
===============================================================================
Run: 02/25/98 11:52:12
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-1 880.596393 32.855564 5.500231 38.355795 0.000000 847.740829
A-2 1000.000000 0.000000 6.246029 6.246029 0.000000 1000.000000
A-3 1000.000000 0.000000 6.246029 6.246029 0.000000 1000.000000
A-4 1000.000000 0.000000 6.246030 6.246030 0.000000 1000.000000
A-5 1000.000000 0.000000 6.454230 6.454230 0.000000 1000.000000
A-6 1000.000000 0.000000 6.037829 6.037829 0.000000 1000.000000
A-7 935.821971 17.659478 7.403884 25.063362 0.000000 918.162493
A-8 953.913507 0.764100 0.000000 0.764100 0.000000 953.149407
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.496767 3.213182 6.431620 9.644802 0.000000 993.283585
M-2 996.496765 3.213183 6.431620 9.644803 0.000000 993.283582
M-3 996.496767 3.213180 6.431618 9.644798 0.000000 993.283587
B-1 996.496769 3.213179 6.431623 9.644802 0.000000 993.283590
B-2 996.496760 3.213190 6.431605 9.644795 0.000000 993.283570
B-3 996.496759 3.213176 6.431624 9.644800 0.000000 993.283583
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:52:14 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 37,133.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,156.14
SUBSERVICER ADVANCES THIS MONTH 33,263.34
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 2,580,501.03
(B) TWO MONTHLY PAYMENTS: 6 1,281,792.64
(C) THREE OR MORE MONTHLY PAYMENTS: 1 34,398.78
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 408,084.94
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 176,874,804.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,606
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 2,568,202.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 471,059.14
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.25450010 % 7.42034600 % 1.32515420 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.12740970 % 7.52183955 % 1.34441150 %
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 8.85410734
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.06
POOL TRADING FACTOR: 92.43882442
................................................................................
Run: 02/25/98 11:52:16 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 10,484,633.04 7.000000 % 1,002,013.39
A-2 76110FKV4 20,850,000.00 16,637,110.58 7.000000 % 1,447,972.64
A-3 76110FKW2 16,320,750.00 14,895,098.72 10.000000 % 489,997.21
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 24,146,995.84 7.500000 % 636,203.62
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 26,306.98 0.000000 % 21.20
A-12 76110FLF8 0.00 0.00 0.881786 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,605,505.46 7.500000 % 4,683.82
M-2 76110FLJ0 4,361,000.00 4,346,430.26 7.500000 % 2,676.73
M-3 76110FLK7 3,270,500.00 3,259,573.53 7.500000 % 2,007.39
B-1 1,199,000.00 1,194,994.23 7.500000 % 735.93
B-2 545,000.00 543,179.21 7.500000 % 334.51
B-3 981,461.72 978,182.78 7.500000 % 602.43
- -------------------------------------------------------------------------------
218,029,470.88 207,564,324.63 3,587,248.87
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 61,143.88 1,063,157.27 0.00 0.00 9,482,619.65
A-2 97,023.65 1,544,996.29 0.00 0.00 15,189,137.94
A-3 124,092.37 614,089.58 0.00 0.00 14,405,101.51
A-4 114,888.86 114,888.86 0.00 0.00 19,700,543.00
A-5 127,587.99 127,587.99 0.00 0.00 21,419,142.00
A-6 38,193.09 38,193.09 0.00 0.00 6,323,320.00
A-7 99,638.33 99,638.33 0.00 0.00 16,496,308.00
A-8 150,878.04 787,081.66 0.00 0.00 23,510,792.22
A-9 30,720.89 30,720.89 0.00 0.00 5,000,001.00
A-10 340,576.93 340,576.93 0.00 0.00 54,507,000.00
A-11 0.00 21.20 0.00 0.00 26,285.78
A-12 152,481.67 152,481.67 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,521.60 52,205.42 0.00 0.00 7,600,821.64
M-2 27,157.87 29,834.60 0.00 0.00 4,343,753.53
M-3 20,366.84 22,374.23 0.00 0.00 3,257,566.14
B-1 7,466.70 8,202.63 0.00 0.00 1,194,258.30
B-2 3,393.96 3,728.47 0.00 0.00 542,844.70
B-3 6,111.99 6,714.42 0.00 0.00 977,580.35
- -------------------------------------------------------------------------------
1,449,244.66 5,036,493.53 0.00 0.00 203,977,075.76
===============================================================================
Run: 02/25/98 11:52:16
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-1 782.441141 74.777677 4.563010 79.340687 0.000000 707.663464
A-2 797.942953 69.447129 4.653412 74.100541 0.000000 728.495825
A-3 912.647931 30.022959 7.603350 37.626309 0.000000 882.624972
A-4 1000.000000 0.000000 5.831761 5.831761 0.000000 1000.000000
A-5 1000.000000 0.000000 5.956727 5.956727 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040038 6.040038 0.000000 1000.000000
A-7 1000.000000 0.000000 6.040038 6.040038 0.000000 1000.000000
A-8 928.800769 24.471219 5.803440 30.274659 0.000000 904.329551
A-9 1000.000000 0.000000 6.144177 6.144177 0.000000 1000.000000
A-10 1000.000000 0.000000 6.248315 6.248315 0.000000 1000.000000
A-11 996.130888 0.802752 0.000000 0.802752 0.000000 995.328136
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.659083 0.613788 6.227441 6.841229 0.000000 996.045294
M-2 996.659083 0.613788 6.227441 6.841229 0.000000 996.045295
M-3 996.659083 0.613787 6.227439 6.841226 0.000000 996.045296
B-1 996.659074 0.613786 6.227440 6.841226 0.000000 996.045288
B-2 996.659101 0.613780 6.227450 6.841230 0.000000 996.045321
B-3 996.659126 0.613789 6.227436 6.841225 0.000000 996.045313
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:52:17 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 42,920.32
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,291.68
SUBSERVICER ADVANCES THIS MONTH 40,895.80
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 3,018,792.88
(B) TWO MONTHLY PAYMENTS: 10 1,210,868.12
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 1,128,564.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 203,977,075.76
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,791
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 3,459,417.37
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.36164750 % 7.32950500 % 1.30884750 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.21512370 % 7.45286756 % 1.33104820 %
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 8.71041968
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.38
POOL TRADING FACTOR: 93.55481850
................................................................................
Run: 02/25/98 11:52:32 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 44,756,290.57 6.750000 % 1,535,012.38
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 21,336,318.14 10.000000 % 279,093.15
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 0.995529 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,107,780.98 7.250000 % 5,055.21
M-2 76110FLX9 5,420,000.00 5,405,187.32 7.250000 % 3,370.14
M-3 76110FLY2 4,065,000.00 4,053,890.49 7.250000 % 2,527.60
B-1 1,490,500.00 1,486,426.51 7.250000 % 926.79
B-2 677,500.00 675,648.42 7.250000 % 421.27
B-3 1,219,925.82 1,216,591.80 7.250000 % 758.54
- -------------------------------------------------------------------------------
271,005,025.82 260,318,596.23 1,827,165.08
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 251,533.49 1,786,545.87 0.00 0.00 43,221,278.19
A-2 97,901.62 97,901.62 0.00 0.00 17,420,000.00
A-3 177,646.83 456,739.98 0.00 0.00 21,057,224.99
A-4 213,618.87 213,618.87 0.00 0.00 38,010,000.00
A-5 96,459.86 96,459.86 0.00 0.00 17,163,462.00
A-6 180,952.32 180,952.32 0.00 0.00 29,977,000.00
A-7 96,974.32 96,974.32 0.00 0.00 16,065,000.00
A-8 329,857.54 329,857.54 0.00 0.00 54,645,000.00
A-9 215,772.98 215,772.98 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,941.58 53,996.79 0.00 0.00 8,102,725.77
M-2 32,627.72 35,997.86 0.00 0.00 5,401,817.18
M-3 24,470.80 26,998.40 0.00 0.00 4,051,362.89
B-1 8,972.62 9,899.41 0.00 0.00 1,485,499.72
B-2 4,078.46 4,499.73 0.00 0.00 675,227.15
B-3 7,343.80 8,102.34 0.00 0.00 1,215,833.26
- -------------------------------------------------------------------------------
1,787,152.81 3,614,317.89 0.00 0.00 258,491,431.15
===============================================================================
Run: 02/25/98 11:52:32
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-1 832.675173 28.558370 4.679693 33.238063 0.000000 804.116804
A-2 1000.000000 0.000000 5.620070 5.620070 0.000000 1000.000000
A-3 928.815395 12.149520 7.733345 19.882865 0.000000 916.665875
A-4 1000.000000 0.000000 5.620070 5.620070 0.000000 1000.000000
A-5 1000.000000 0.000000 5.620070 5.620070 0.000000 1000.000000
A-6 1000.000000 0.000000 6.036372 6.036372 0.000000 1000.000000
A-7 1000.000000 0.000000 6.036372 6.036372 0.000000 1000.000000
A-8 1000.000000 0.000000 6.036372 6.036372 0.000000 1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.267033 0.621797 6.019875 6.641672 0.000000 996.645236
M-2 997.267033 0.621797 6.019875 6.641672 0.000000 996.645236
M-3 997.267033 0.621796 6.019877 6.641673 0.000000 996.645237
B-1 997.267031 0.621798 6.019873 6.641671 0.000000 996.645233
B-2 997.267041 0.621801 6.019867 6.641668 0.000000 996.645240
B-3 997.267031 0.621792 6.019874 6.641666 0.000000 996.645241
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:52:35 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 58,769.04
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 14,575.10
SUBSERVICER ADVANCES THIS MONTH 26,155.21
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 2,782,081.08
(B) TWO MONTHLY PAYMENTS: 4 307,537.75
(C) THREE OR MORE MONTHLY PAYMENTS: 1 39,952.59
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 335,784.26
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 258,491,431.15
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,404
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,664,856.25
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.95388810 % 6.74821500 % 1.29789680 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.90206580 % 6.79167807 % 1.30625610 %
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 8.59638288
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.23
POOL TRADING FACTOR: 95.38252302
................................................................................
Run: 02/25/98 11:52:38 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 199,969,492.00 192,857,564.35 7.250000 % 2,544,686.67
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 64,795,552.74 7.250000 % 73,809.15
A-5 7611OFMS9 76,250.57 76,061.68 0.000000 % 64.08
A-6 7611OFMT7 0.00 0.00 0.949427 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,582,250.94 7.250000 % 12,051.20
M-2 7611OFMW0 6,524,000.00 6,511,847.30 7.250000 % 7,415.77
M-3 7611OFMX8 4,893,000.00 4,883,885.47 7.250000 % 5,561.83
B-1 7611OFMY6 1,794,000.00 1,790,658.19 7.250000 % 2,039.22
B-2 7611OFMZ3 816,000.00 814,479.98 7.250000 % 927.54
B-3 7611OFNA7 1,468,094.11 1,465,359.41 7.250000 % 1,668.77
- -------------------------------------------------------------------------------
326,202,444.68 318,920,660.06 2,648,224.23
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 1,164,305.20 3,708,991.87 0.00 0.00 190,312,877.68
A-2 60,371.25 60,371.25 0.00 0.00 10,000,000.00
A-3 151,791.44 151,791.44 0.00 0.00 25,143,000.00
A-4 391,178.84 464,987.99 0.00 0.00 64,721,743.59
A-5 0.00 64.08 0.00 0.00 75,997.60
A-6 252,136.89 252,136.89 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,886.37 75,937.57 0.00 0.00 10,570,199.74
M-2 39,312.83 46,728.60 0.00 0.00 6,504,431.53
M-3 29,484.63 35,046.46 0.00 0.00 4,878,323.64
B-1 10,810.43 12,849.65 0.00 0.00 1,788,618.97
B-2 4,917.12 5,844.66 0.00 0.00 813,552.44
B-3 8,846.55 10,515.32 0.00 0.00 1,463,690.64
- -------------------------------------------------------------------------------
2,177,041.55 4,825,265.78 0.00 0.00 316,272,435.83
===============================================================================
- -------------------------------------------------------------------------------
AMOUNTS PER $1,000 UNIT
- -------------------------------------------------------------------------------
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
- -------------------------------------------------------------------------------
A-1 964.434937 12.725374 5.822414 18.547788 0.000000 951.709562
A-2 1000.000000 0.000000 6.037125 6.037125 0.000000 1000.000000
A-3 1000.000000 0.000000 6.037125 6.037125 0.000000 1000.000000
A-4 998.136757 1.136986 6.025876 7.162862 0.000000 996.999771
A-5 997.522773 0.840387 0.000000 0.840387 0.000000 996.682386
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.137233 1.136691 6.025879 7.162570 0.000000 997.000541
M-2 998.137232 1.136691 6.025878 7.162569 0.000000 997.000541
M-3 998.137231 1.136691 6.025880 7.162571 0.000000 997.000540
B-1 998.137230 1.136689 6.025881 7.162570 0.000000 997.000541
B-2 998.137230 1.136691 6.025882 7.162573 0.000000 997.000539
B-3 998.137245 1.136691 6.025874 7.162565 0.000000 997.000553
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:52:39 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 66,411.04
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 17,310.51
SUBSERVICER ADVANCES THIS MONTH 67,463.02
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 66 6,967,802.12
(B) TWO MONTHLY PAYMENTS: 7 984,318.03
(C) THREE OR MORE MONTHLY PAYMENTS: 2 395,780.32
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 552,560.25
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 316,272,435.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,765
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 2,285,058.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 159,455.45
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.83035200 % 6.89300800 % 1.27664000 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.77131240 % 6.94115339 % 1.28586590 %
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 8.52751790
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.36
POOL TRADING FACTOR: 96.95587540
................................................................................
Run: 02/25/98 11:52:43 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 96,763,297.55 7.000000 % 1,188,027.97
A-2 7611OFMD2 43,142.76 42,446.03 0.000000 % 2,439.15
A-3 7611OFME0 0.00 0.00 0.998282 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 3,015,878.46 7.000000 % 9,262.90
M-2 7611OFMH3 892,000.00 884,049.81 7.000000 % 2,715.25
M-3 7611OFMJ9 419,700.00 415,959.32 7.000000 % 1,277.57
B-1 7611OFMK6 367,000.00 363,729.02 7.000000 % 1,117.15
B-2 7611OFML4 262,400.00 260,061.29 7.000000 % 798.75
B-3 7611OFMM2 263,388.53 261,040.99 7.000000 % 801.75
- -------------------------------------------------------------------------------
104,940,731.29 102,006,462.47 1,206,440.49
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 562,661.94 1,750,689.91 0.00 0.00 95,575,269.58
A-2 0.00 2,439.15 0.00 0.00 40,006.88
A-3 84,590.16 84,590.16 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,536.81 26,799.71 0.00 0.00 3,006,615.56
M-2 5,140.60 7,855.85 0.00 0.00 881,334.56
M-3 2,418.73 3,696.30 0.00 0.00 414,681.75
B-1 2,115.02 3,232.17 0.00 0.00 362,611.87
B-2 1,512.21 2,310.96 0.00 0.00 259,262.54
B-3 1,517.91 2,319.66 0.00 0.00 260,239.24
- -------------------------------------------------------------------------------
677,493.38 1,883,933.87 0.00 0.00 100,800,021.98
===============================================================================
- -------------------------------------------------------------------------------
AMOUNTS PER $1,000 UNIT
- -------------------------------------------------------------------------------
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
- -------------------------------------------------------------------------------
A-1 971.031586 11.922007 5.646382 17.568389 0.000000 959.109579
A-2 983.850593 56.536717 0.000000 56.536717 0.000000 927.313876
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 991.087236 3.044003 5.763000 8.807003 0.000000 988.043234
M-2 991.087231 3.044002 5.763004 8.807006 0.000000 988.043229
M-3 991.087253 3.044008 5.762997 8.807005 0.000000 988.043245
B-1 991.087248 3.044005 5.762997 8.807002 0.000000 988.043243
B-2 991.087233 3.044017 5.762995 8.807012 0.000000 988.043217
B-3 991.087159 3.044020 5.763007 8.807027 0.000000 988.043177
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:52:46 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 21,201.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,995.91
SUBSERVICER ADVANCES THIS MONTH 12,738.19
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 11 874,713.81
(B) TWO MONTHLY PAYMENTS: 2 273,171.96
(C) THREE OR MORE MONTHLY PAYMENTS: 2 142,481.90
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 100,800,021.98
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,088
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 893,069.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.89945660 % 4.23275600 % 0.86778780 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.85436210 % 4.26848307 % 0.87546000 %
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 8.32688301
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 170.67
POOL TRADING FACTOR: 96.05424008
................................................................................
Run: 02/25/98 11:53:08 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 54,233,476.95 7.000000 % 2,523,446.89
A-2 76110FNC3 22,405,757.00 21,928,396.56 9.000000 % 360,492.41
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 59,245,096.81 7.250000 % 37,407.50
A-8 76110FNH2 0.00 0.00 0.903591 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,420,636.32 7.250000 % 6,579.62
M-2 76110FNL3 4,471,600.00 4,466,044.07 7.250000 % 2,819.87
M-3 76110FNM1 4,471,500.00 4,465,944.19 7.250000 % 2,819.81
B-1 76110FNN9 1,639,600.00 1,637,562.81 7.250000 % 1,033.96
B-2 76110FNP4 745,200.00 744,274.09 7.250000 % 469.94
B-3 76110FNQ2 1,341,561.05 1,339,894.17 7.250000 % 846.01
- -------------------------------------------------------------------------------
298,104,002.05 294,182,609.97 2,935,916.01
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 316,244.26 2,839,691.15 0.00 0.00 51,710,030.06
A-2 164,401.79 524,894.20 0.00 0.00 21,567,904.15
A-3 366,337.72 366,337.72 0.00 0.00 62,824,125.00
A-4 139,133.27 139,133.27 0.00 0.00 24,294,118.00
A-5 157,024.89 157,024.89 0.00 0.00 26,000,000.00
A-6 136,388.45 136,388.45 0.00 0.00 22,583,041.00
A-7 357,805.97 395,213.47 0.00 0.00 59,207,689.31
A-8 221,434.81 221,434.81 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,934.59 69,514.21 0.00 0.00 10,414,056.70
M-2 26,972.31 29,792.18 0.00 0.00 4,463,224.20
M-3 26,971.71 29,791.52 0.00 0.00 4,463,124.38
B-1 9,889.93 10,923.89 0.00 0.00 1,636,528.85
B-2 4,494.99 4,964.93 0.00 0.00 743,804.15
B-3 8,092.18 8,938.19 0.00 0.00 1,339,048.16
- -------------------------------------------------------------------------------
1,998,126.87 4,934,042.88 0.00 0.00 291,246,693.96
===============================================================================
- -------------------------------------------------------------------------------
AMOUNTS PER $1,000 UNIT
- -------------------------------------------------------------------------------
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
- -------------------------------------------------------------------------------
A-1 941.962257 43.828865 5.492736 49.321601 0.000000 898.133392
A-2 978.694742 16.089276 7.337480 23.426756 0.000000 962.605466
A-3 1000.000000 0.000000 5.831163 5.831163 0.000000 1000.000000
A-4 1000.000000 0.000000 5.727035 5.727035 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039419 6.039419 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039419 6.039419 0.000000 1000.000000
A-7 998.757507 0.630618 6.031915 6.662533 0.000000 998.126889
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.757507 0.630618 6.031915 6.662533 0.000000 998.126888
M-2 998.757507 0.630618 6.031915 6.662533 0.000000 998.126890
M-3 998.757506 0.630618 6.031915 6.662533 0.000000 998.126888
B-1 998.757508 0.630617 6.031916 6.662533 0.000000 998.126891
B-2 998.757501 0.630623 6.031924 6.662547 0.000000 998.126879
B-3 998.757507 0.630609 6.031913 6.662522 0.000000 998.126893
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:53:10 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 61,100.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 12,387.48
SUBSERVICER ADVANCES THIS MONTH 65,737.15
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 57 6,915,928.46
(B) TWO MONTHLY PAYMENTS: 8 1,330,875.68
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 561,081.11
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 291,246,693.96
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,599
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 2,750,168.38
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.15645150 % 6.57843900 % 1.26510910 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.08238690 % 6.64055788 % 1.27705520 %
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 8.48075667
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.10
POOL TRADING FACTOR: 97.69969271
................................................................................
Run: 02/25/98 11:53:22 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 31,369,933.94 7.250000 % 636,248.23
A-2 76110FNT6 30,750,000.00 30,411,838.58 7.250000 % 1,667,011.47
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 62,958,971.40 7.250000 % 40,250.32
A-8 76110FNZ2 15,495,000.00 15,151,493.09 7.250000 % 1,693,362.78
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 99,715,418.90 0.000000 % 1,539,036.03
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 4.921880 % 0.00
A-14 76110FPF4 0.00 0.00 9.578120 % 0.00
A-15 76110FPG2 26,249,000.00 26,141,445.63 7.000000 % 530,203.49
A-16 76110FPH0 2,386,273.00 2,376,495.33 10.000000 % 48,200.32
A-17 76110FPJ6 139,012.74 138,885.15 0.000000 % 131.02
A-18 76110FPK3 0.00 0.00 0.860507 % 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 16,256,664.20 7.250000 % 10,393.05
M-2 76110FPP2 5,422,000.00 5,418,554.94 7.250000 % 3,464.14
M-3 76110FPQ0 6,507,000.00 6,502,865.55 7.250000 % 4,157.35
B-1 76110FPR8 2,386,000.00 2,384,483.97 7.250000 % 1,524.43
B-2 76110FPS6 1,085,000.00 1,084,310.61 7.250000 % 693.21
B-3 76110FPT4 1,952,210.06 1,950,969.65 7.250000 % 1,247.25
- -------------------------------------------------------------------------------
433,792,422.80 432,479,745.94 6,175,923.09
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 189,386.18 825,634.41 0.00 0.00 30,733,685.71
A-2 183,601.98 1,850,613.45 0.00 0.00 28,744,827.11
A-3 246,311.23 246,311.23 0.00 0.00 40,799,000.00
A-4 40,720.83 40,720.83 0.00 0.00 6,745,000.00
A-5 25,570.00 25,570.00 0.00 0.00 4,235,415.00
A-6 63,384.44 63,384.44 0.00 0.00 10,499,000.00
A-7 380,095.13 420,345.45 0.00 0.00 62,918,721.08
A-8 91,472.41 1,784,835.19 0.00 0.00 13,458,130.31
A-9 398,348.64 398,348.64 0.00 0.00 68,339,000.00
A-10 14,226.74 14,226.74 0.00 0.00 0.00
A-11 0.00 1,539,036.03 0.00 0.00 98,176,382.87
A-12 301,000.35 301,000.35 0.00 0.00 0.00
A-13 102,171.56 102,171.56 0.00 0.00 0.00
A-14 198,828.79 198,828.79 0.00 0.00 0.00
A-15 152,378.72 682,582.21 0.00 0.00 25,611,242.14
A-16 19,789.45 67,989.77 0.00 0.00 2,328,295.01
A-17 0.00 131.02 0.00 0.00 138,754.13
A-18 309,896.76 309,896.76 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 98,144.54 108,537.59 0.00 0.00 16,246,271.15
M-2 32,712.83 36,176.97 0.00 0.00 5,415,090.80
M-3 39,259.02 43,416.37 0.00 0.00 6,498,708.20
B-1 14,395.58 15,920.01 0.00 0.00 2,382,959.54
B-2 6,546.18 7,239.39 0.00 0.00 1,083,617.40
B-3 11,778.37 13,025.62 0.00 0.00 1,949,722.40
- -------------------------------------------------------------------------------
2,920,019.73 9,095,942.82 0.00 0.00 426,303,822.85
===============================================================================
Run: 02/25/98 11:53:22
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-1 995.902535 20.198998 6.012451 26.211449 0.000000 975.703537
A-2 989.002881 54.211755 5.970796 60.182551 0.000000 934.791126
A-3 1000.000000 0.000000 6.037188 6.037188 0.000000 1000.000000
A-4 1000.000000 0.000000 6.037188 6.037188 0.000000 1000.000000
A-5 1000.000000 0.000000 6.037189 6.037189 0.000000 1000.000000
A-6 1000.000000 0.000000 6.037188 6.037188 0.000000 1000.000000
A-7 999.364615 0.638904 6.033352 6.672256 0.000000 998.725711
A-8 977.831113 109.284465 5.903350 115.187815 0.000000 868.546648
A-9 1000.000000 0.000000 5.829009 5.829009 0.000000 1000.000000
A-11 996.772306 15.384466 0.000000 15.384466 0.000000 981.387839
A-15 995.902535 20.198998 5.805125 26.004123 0.000000 975.703537
A-16 995.902535 20.198998 8.293037 28.492035 0.000000 975.703537
A-17 999.082170 0.942504 0.000000 0.942504 0.000000 998.139667
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.364615 0.638904 6.033352 6.672256 0.000000 998.725712
M-2 999.364615 0.638904 6.033351 6.672255 0.000000 998.725710
M-3 999.364615 0.638904 6.033352 6.672256 0.000000 998.725711
B-1 999.364614 0.638906 6.033353 6.672259 0.000000 998.725708
B-2 999.364618 0.638903 6.033346 6.672249 0.000000 998.725714
B-3 999.364612 0.638896 6.033352 6.672248 0.000000 998.725724
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:53:25 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 89,537.31
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 125,674.17
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 145 15,874,774.57
(B) TWO MONTHLY PAYMENTS: 10 965,494.58
(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 426,303,822.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,612
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 5,899,411.84
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.22885180 % 6.51756200 % 1.25358590 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.12127600 % 6.60563397 % 1.27093930 %
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 8.38623594
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.83
POOL TRADING FACTOR: 98.27369047
................................................................................
Run: 02/25/98 11:53:38 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 64,326,000.00 7.000000 % 929,534.94
A-2 76110FPV9 117,395,000.00 117,395,000.00 7.000000 % 1,016,902.16
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 1.088728 % 0.00
R 76110FQB2 100.00 100.00 7.000000 % 100.00
M-1 76110FQC0 11,351,500.00 11,351,500.00 7.000000 % 7,271.78
M-2 76110FQD8 4,054,000.00 4,054,000.00 7.000000 % 2,596.99
M-3 76110FQE6 4,865,000.00 4,865,000.00 7.000000 % 3,116.52
B-1 76110FQF3 1,783,800.00 1,783,800.00 7.000000 % 1,142.70
B-2 76110FQG1 810,800.00 810,800.00 7.000000 % 519.40
B-3 76110FQH9 1,459,579.11 1,459,579.11 7.000000 % 935.01
- -------------------------------------------------------------------------------
324,327,779.11 324,327,779.11 1,962,119.50
===============================================================================
- -------------------------------------------------------------------------------
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
- -------------------------------------------------------------------------------
A-1 375,175.68 1,304,710.62 0.00 0.00 63,396,465.06
A-2 684,695.91 1,701,598.07 0.00 0.00 116,378,097.84
A-3 299,669.29 299,669.29 0.00 0.00 51,380,000.00
A-4 10,859.95 10,859.95 0.00 0.00 1,862,000.00
A-5 379,340.02 379,340.02 0.00 0.00 65,040,000.00
A-6 294,207.32 294,207.32 0.00 0.00 0.00
R 0.58 100.58 0.00 0.00 0.00
M-1 66,206.61 73,478.39 0.00 0.00 11,344,228.22
M-2 23,644.59 26,241.58 0.00 0.00 4,051,403.01
M-3 28,374.68 31,491.20 0.00 0.00 4,861,883.48
B-1 10,403.85 11,546.55 0.00 0.00 1,782,657.30
B-2 4,728.92 5,248.32 0.00 0.00 810,280.60
B-3 8,512.86 9,447.87 0.00 0.00 1,458,644.10
- -------------------------------------------------------------------------------
2,185,820.26 4,147,939.76 0.00 0.00 322,365,659.61
===============================================================================
- -------------------------------------------------------------------------------
AMOUNTS PER $1,000 UNIT
- -------------------------------------------------------------------------------
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
- -------------------------------------------------------------------------------
A-1 1000.000000 14.450377 5.832411 20.282788 0.000000 985.549623
A-2 1000.000000 8.662227 5.832411 14.494638 0.000000 991.337773
A-3 1000.000000 0.000000 5.832411 5.832411 0.000000 1000.000000
A-4 1000.000000 0.000000 5.832411 5.832411 0.000000 1000.000000
A-5 1000.000000 0.000000 5.832411 5.832411 0.000000 1000.000000
R 1000.000000 ***.****** 5.800000 1005.800000 0.000000 0.000000
M-1 1000.000000 0.640601 5.832411 6.473012 0.000000 999.359399
M-2 1000.000000 0.640599 5.832410 6.473009 0.000000 999.359401
M-3 1000.000000 0.640600 5.832411 6.473011 0.000000 999.359400
B-1 1000.000000 0.640599 5.832408 6.473007 0.000000 999.359401
B-2 1000.000000 0.640602 5.832412 6.473014 0.000000 999.359398
B-3 1000.000000 0.640602 5.832407 6.473009 0.000000 999.359400
- -------------------------------------------------------------------------------
DETERMINATION DATE 20-February-98
DISTRIBUTION DATE 25-February-98
Run: 02/25/98 11:53:39 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 67,691.60
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,782.76
SUBSERVICER ADVANCES THIS MONTH 33,215.54
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 4,474,310.37
(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 322,365,659.61
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,678
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 1,754,354.95
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.49997050 % 6.25000400 % 1.25002520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.45915440 % 6.28401758 % 1.25682800 %
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 8.36634225
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.01
POOL TRADING FACTOR: 99.39501960
................................................................................
