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)
January 25, 1998
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in
its charter)
33-95932 51-0368240
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the
required information for the January 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
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) See Item 5.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the
registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly
authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
and Treasurer
Dated: January 25, 1998
Run: 01/26/98 10:44:48
REPT1B.FRG
Page: 1 of 2
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 46,277,910.63 6.900000 %
3,710,438.15
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
- -----------------------------------------------------------------
- --------------
258,459,514.42 170,063,046.26
3,710,438.15
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 0.00 0.00 0.00 0.00
0.00
A-2 266,097.99 3,976,536.14 0.00 0.00
42,567,472.48
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 147,261.97 147,261.97 0.00 0.00
2,326,135.63
- -----------------------------------------------------------------
- --------------
1,168,770.38 4,879,208.53 0.00 0.00
166,352,608.11
=================================================================
==============
_________________________________________________________________
______________
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-2 560.944371 44.975008 3.225430 48.200438 0.000000
515.969363
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 0000.000000 0.000000 0.000000 0.000000 0.000000
0000.000000
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:44:48
rept2.frg
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
34,714.53
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
240.86
SUBSERVICER ADVANCES THIS MONTH
107,346.30
MASTER SERVICER ADVANCES THIS MONTH
8,638.54
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 81
7,556,745.11
(B) TWO MONTHLY PAYMENTS: 17
2,557,491.80
(C) THREE OR MORE MONTHLY PAYMENTS: 1
42,131.91
FORECLOSURES
NUMBER OF LOANS
25
AGGREGATE PRINCIPAL BALANCE
2,849,056.11
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
166,352,608.11
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,839
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS
7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
1,079,013.30
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
3,085,932.39
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.63219220 %
1.36780780 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.60168370 %
1.39831630 %
BANKRUPTCY AMOUNT AVAILABLE
0.00
FRAUD AMOUNT AVAILABLE
0.00
SPECIAL HAZARD AMOUNT AVAILABLE
0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE
9.33126639
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
300.88
POOL TRADING FACTOR:
64.36312027
.................................................................
...............
Run: 01/26/98 10:47:04
REPT1B.FRG
Page: 1 of 2
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 45,464,412.25 6.250000 %
4,877,387.72
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 15,014,832.93 6.465000 %
861,389.95
R 0.53 2,026,594.48 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
255,942,104.53 169,871,975.66
5,738,777.67
=================================================================
==============
_________________________________________________________________
______________
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-2 236,793.81 5,114,181.53 0.00 0.00
40,587,024.53
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 83,588.83 944,978.78 0.00 0.00
14,153,442.98
R 264,159.05 264,159.05 0.00 0.00
2,026,594.48
- -----------------------------------------------------------------
- --------------
1,202,931.94 6,941,709.61 0.00 0.00
164,133,197.99
=================================================================
==============
_________________________________________________________________
______________
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- 676.694732 72.595298 3.524452 76.119750 0.000000
604.099433
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 511.143806 29.323945 2.845580 32.169525 0.000000
481.819860
R 0000.000000 0.000000 0.000000 00.000000 0.000000
0000.000000
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:47:04
rept2.frg
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
35,764.70
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
87,115.04
MASTER SERVICER ADVANCES THIS MONTH
17,260.11
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 45
5,088,499.58
(B) TWO MONTHLY PAYMENTS: 10
1,514,126.12
(C) THREE OR MORE MONTHLY PAYMENTS: 4
940,632.83
FORECLOSURES
NUMBER OF LOANS
14
AGGREGATE PRINCIPAL BALANCE
3,343,703.25
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
164,133,197.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,414
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS
8
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
2,119,492.98
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
5,335,111.14
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
240,694.34
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.80698720 %
1.19301280 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.76527450 %
1.23472550 %
BANKRUPTCY AMOUNT AVAILABLE
100,000.00
FRAUD AMOUNT AVAILABLE
2,144,493.00
SPECIAL HAZARD AMOUNT AVAILABLE
2,144,493.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE
8.98858400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
311.45
POOL TRADING FACTOR:
64.12903351
.................................................................
...............
Run: 01/26/98 10:45:16
REPT1B.FRG
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 2,324,122.35 6.400000 %
2,324,122.35
A-2 76110FAT0 16,000,000.00 16,000,000.00 7.000000 %
1,892,253.30
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 178,007.00 160,609.06 0.000000 %
277.19
R 0.00 1,819,114.18 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
181,911,418.00 146,037,256.59
4,216,652.84
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 12,395.32 2,336,517.67 0.00 0.00
0.00
A-2 93,333.33 1,985,586.63 0.00 0.00
14,107,746.70
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 0.00 277.19 0.00 0.00
160,331.87
R 120,298.34 120,298.34 0.00 0.00
1,819,114.18
- -----------------------------------------------------------------
- --------------
987,964.97 5,204,617.81 0.00 0.00
141,820,603.75
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-1 58.103059 58.103059 0.309883 58.412942 0.000000
0.000000
A-2 1000.000000 118.265831 5.833333 124.099164 0.000000
881.734169
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-10 902.262608 1.557186 0.000000 1.557186 0.000000
900.705422
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:45:17
rept2.frg
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
29,994.19
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
71,686.40
MASTER SERVICER ADVANCES THIS MONTH
3,783.19
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 54
6,436,317.20
(B) TWO MONTHLY PAYMENTS: 4
169,927.24
(C) THREE OR MORE MONTHLY PAYMENTS: 1
31,150.25
FORECLOSURES
NUMBER OF LOANS
13
AGGREGATE PRINCIPAL BALANCE
2,559,077.63
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
141,820,603.75
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,372
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
484,764.38
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
4,019,708.87
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR
SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.75434930 %
1.24565080 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 %
0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.71731320 %
1.28268680 %
BANKRUPTCY AMOUNT AVAILABLE
0.00
FRAUD AMOUNT AVAILABLE
0.00
SPECIAL HAZARD AMOUNT AVAILABLE
0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE
8.77811220
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
316.66
POOL TRADING FACTOR:
77.96135356
.................................................................
...............
Run: 01/26/98 10:47:07
REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-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 3,166,143.01 6.780000 %
3,166,143.01
A-I- 76110FBD4 26,000,000.00 26,000,000.00 7.150000 %
2,388,141.07
A-I- 76110FBE2 10,596,000.00 10,596,000.00 7.290000 %
0.00
A-I- 76110FBF9 25,000,000.00 19,443,282.18 7.250000 %
460,917.69
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 17,360,319.13 7.750000 %
76,597.24
A-P 76110FBQ5 1,166,695.86 1,066,638.65 0.000000 %
6,985.69
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 12,301,379.81 7.750000 %
11,372.49
M-2 76110FBU6 5,568,000.00 5,467,061.70 7.750000 %
5,054.24
M-3 76110FBV4 4,176,000.00 4,100,296.29 7.750000 %
3,790.68
B-1 1,809,600.00 1,776,795.05 7.750000 %
1,642.63
B-2 696,000.00 683,382.71 7.750000 %
631.78
B-3 1,670,738.96 1,588,831.75 7.750000 %
1,468.86
SPRE 0.00 0.00 0.718375 %
0.00
A-V 7611OFHY2 0.00 0.00 0.000000 %
0.00
- -----------------------------------------------------------------
- --------------
278,404,734.82 229,336,692.28
6,122,745.38
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-I-1 17,879.52 3,184,022.53 0.00 0.00
0.00
A-I-2 154,837.12 2,542,978.19 0.00 0.00
23,611,858.93
A-I-3 64,337.64 64,337.64 0.00 0.00
10,596,000.00
A-I-4 117,409.51 578,327.20 0.00 0.00
18,982,364.49
A-I-5 115,489.84 115,489.84 0.00 0.00
18,587,000.00
A-I-6 140,048.04 140,048.04 0.00 0.00
21,696,000.00
A-I-7 51,943.52 51,943.52 0.00 0.00
8,047,000.00
A-I-8 112,549.67 112,549.67 0.00 0.00
17,436,000.00
A-I-9 162,311.40 162,311.40 0.00 0.00
25,145,000.00
A-I-10 122,645.32 122,645.32 0.00 0.00
19,000,000.00
A-I-11 102,477.02 102,477.02 0.00 0.00
15,875,562.00
A-II 112,061.15 188,658.39 0.00 0.00
17,283,721.89
A-P 0.00 6,985.69 0.00 0.00
1,059,652.96
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 79,405.61 90,778.10 0.00 0.00
12,290,007.32
M-2 35,289.98 40,344.22 0.00 0.00
5,462,007.46
M-3 26,467.48 30,258.16 0.00 0.00
4,096,505.61
B-1 11,469.24 13,111.87 0.00 0.00
1,775,152.42
B-2 4,411.24 5,043.02 0.00 0.00
682,750.93
B-3 10,255.94 11,724.80 0.00 0.00
1,587,362.90
SPRED 137,221.03 137,221.03 0.00 0.00
0.00
A-V 32,197.78 32,197.78 0.00 0.00
0.00
- -----------------------------------------------------------------
- --------------
1,610,708.05 7,733,453.43 0.00 0.00
223,213,946.91
=================================================================
==============
Run: 01/26/98 10:47:07
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- 73.880364 73.880364 0.417210 74.297574 0.000000
0.000000
A-I- 1000.000000 91.851580 5.955274 97.806854 0.000000
908.148420
A-I- 1000.000000 0.000000 6.071880 6.071880 0.000000
1000.000000
A-I- 777.731287 18.436708 4.696380 23.133088 0.000000
759.294580
A-I- 1000.000000 0.000000 6.213474 6.213474 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.455017 6.455017 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.455017 6.455017 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.455017 6.455017 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.455017 6.455017 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.455017 6.455017 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.455017 6.455017 0.000000
1000.000000
A-II 844.725276 3.727099 5.452716 9.179815 0.000000
840.998177
A-P 914.238823 5.987585 0.000000 5.987585 0.000000
908.251238
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-1 981.871717 0.907730 6.337998 7.245728 0.000000
980.963988
M-2 981.871713 0.907730 6.337999 7.245729 0.000000
980.963984
M-3 981.871717 0.907730 6.337998 7.245728 0.000000
980.963987
B-1 981.871712 0.907731 6.337997 7.245728 0.000000
980.963981
B-2 981.871710 0.907730 6.337989 7.245719 0.000000
980.963980
B-3 950.975459 0.879168 6.138565 7.017733 0.000000
950.096298
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:47:07
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
47,631.23
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
88,791.31
MASTER SERVICER ADVANCES THIS MONTH
1,823.45
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 84
9,459,258.09
(B) TWO MONTHLY PAYMENTS: 6
554,468.52
(C) THREE OR MORE MONTHLY PAYMENTS: 1
121,386.13
FORECLOSURES
NUMBER OF LOANS
10
AGGREGATE PRINCIPAL BALANCE
1,083,224.45
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
223,213,946.91
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
2,062
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
230,561.57
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
5,906,437.16
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 88.23372500 % 9.53564700 %
1.76553060 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 %
10.48022640 %
NEXT DISTRIBUTION 88.34423310 % 9.78815199 %
1.82092640 %
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
8.76203000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
317.49
POOL TRADING FACTOR:
80.17605988
.................................................................
...............
Run: 01/26/98 10:47:09
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 10,280,379.30 6.850000 %
3,040,405.61
A-I- 76110FBX0 26,945,000.00 13,879,442.56 11.000000 %
1,114,806.56
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 12,143,376.33 7.250000 %
470,085.24
A-II 76110FCH4 8,580,000.00 8,580,000.00 7.650000 %
0.00
A-P 76110FCJ0 3,039,637.99 2,674,910.74 0.000000 %
76,063.13
A-V 76110FGN7 0.00 0.00 0.758838 %
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 13,022,357.63 8.000000 %
13,542.94
M-2 76110FCN1 5,570,800.00 5,483,160.09 8.000000 %
5,702.35
M-3 76110FCP6 4,456,600.00 4,386,488.72 8.000000 %
4,561.84
B-1 76110FCR2 2,228,400.00 2,193,342.79 8.000000 %
2,281.02
B-2 76110FCS0 696,400.00 685,444.23 8.000000 %
712.85
B-3 76110FCT8 1,671,255.97 1,571,368.93 8.000000 %
1,634.19
STRI 0.00 0.00 0.117538 %
0.00
- -----------------------------------------------------------------
- --------------
278,535,793.96 225,082,271.32
4,729,795.73
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-I-1 58,654.23 3,099,059.84 0.00 0.00
7,239,973.69
A-I-2 127,164.04 1,241,970.60 0.00 0.00
12,764,636.00
A-I-3 95,131.81 95,131.81 0.00 0.00
15,646,000.00
A-I-4 204,521.77 204,521.77 0.00 0.00
32,740,000.00
A-I-5 64,281.80 64,281.80 0.00 0.00
10,023,000.00
A-I-6 178,649.83 178,649.83 0.00 0.00
26,811,000.00
A-I-7 120,245.98 120,245.98 0.00 0.00
18,046,000.00
A-I-8 60,596.08 60,596.08 0.00 0.00
9,094,000.00
A-I-9 68,525.41 68,525.41 0.00 0.00
10,284,000.00
A-I-10 181,200.37 181,200.37 0.00 0.00
27,538,000.00
A-II-1 73,329.22 543,414.46 0.00 0.00
11,673,291.09
A-II-2 54,669.91 54,669.91 0.00 0.00
8,580,000.00
A-P 0.00 76,063.13 0.00 0.00
2,598,847.61
A-V 142,262.25 142,262.25 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 86,771.92 100,314.86 0.00 0.00
13,008,814.69
M-2 36,535.96 42,238.31 0.00 0.00
5,477,457.74
M-3 29,228.51 33,790.35 0.00 0.00
4,381,926.88
B-1 14,614.91 16,895.93 0.00 0.00
2,191,061.77
B-2 4,567.32 5,280.17 0.00 0.00
684,731.38
B-3 10,470.51 12,104.70 0.00 0.00
1,569,734.73
STRIP 12,808.16 12,808.16 0.00 0.00
0.00
- -----------------------------------------------------------------
- --------------
1,624,229.99 6,354,025.72 0.00 0.00
220,352,475.58
=================================================================
==============
Run: 01/26/98 10:47:09
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- 223.905112 66.219576 1.277480 67.497056 0.000000
157.685536
A-I- 515.102711 41.373411 4.719393 46.092804 0.000000
473.729300
A-I- 1000.000000 0.000000 6.080264 6.080264 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.246847 6.246847 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.413429 6.413429 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.663303 6.663303 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.663304 6.663304 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.663303 6.663303 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.663303 6.663303 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.580012 6.580012 0.000000
1000.000000
A-II 757.966190 29.341816 4.577069 33.918885 0.000000
728.624374
A-II 1000.000000 0.000000 6.371784 6.371784 0.000000
1000.000000
A-P 880.009642 25.023748 0.000000 25.023748 0.000000
854.985894
R-I 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 984.267989 1.023615 6.558476 7.582091 0.000000
983.244374
M-2 984.267985 1.023614 6.558476 7.582090 0.000000
983.244371
M-3 984.267989 1.023614 6.558477 7.582091 0.000000
983.244375
B-1 984.267990 1.023613 6.558477 7.582090 0.000000
983.244377
B-2 984.267993 1.023621 6.558472 7.582093 0.000000
983.244371
B-3 940.232351 0.977821 6.265055 7.242876 0.000000
939.254527
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:47:10
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
46,341.24
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
57,874.39
MASTER SERVICER ADVANCES THIS MONTH
5,959.82
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 39
4,232,305.09
(B) TWO MONTHLY PAYMENTS: 5
877,388.10
(C) THREE OR MORE MONTHLY PAYMENTS: 1
123,140.01
FORECLOSURES
NUMBER OF LOANS
12
AGGREGATE PRINCIPAL BALANCE
1,921,221.33
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
220,352,475.58
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
2,225
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
742,248.87
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
4,489,151.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 86.66395490 % 10.17050600 %
1.97712420 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 87.45659140 % 10.37800880 %
2.04154020 %
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
8.99118700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
309.16
POOL TRADING FACTOR:
79.11100848
.................................................................
...............
Run: 01/26/98 10:47:11
REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-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 11,070,707.51 9.500000 %
721,924.45
A-I- 76110FCV3 25,000,000.00 17,389,412.95 7.600000 %
686,524.34
A-I- 76110FCW1 12,373,000.00 430,603.88 6.650000 %
430,603.88
A-I- 76110FCX9 7,100,000.00 7,100,000.00 7.450000 %
412,692.53
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 8,600,260.78 8.000000 %
137,900.12
A-II 76110FDF7 4,525,000.00 4,525,000.00 8.000000 %
0.00
A-P 76110FDG5 1,105,878.69 959,204.80 0.000000 %
1,409.23
A-V 76110FGP2 0.00 0.00 0.871805 %
0.00
R 76110FDH3 100.00 0.00 8.000000 %
0.00
M-1 76110FDJ9 7,918,500.00 7,819,614.35 8.000000 %
7,368.87
M-2 76110FDK6 3,958,800.00 3,909,362.82 8.000000 %
3,684.02
M-3 76110FDL4 2,815,100.00 2,779,945.25 8.000000 %
2,619.70
B-1 76110FDM2 1,407,600.00 1,390,022.00 8.000000 %
1,309.90
B-2 76110FDN0 439,800.00 434,307.82 8.000000 %
409.27
B-3 76110FDP5 1,055,748.52 1,042,564.35 8.000000 %
982.47
- -----------------------------------------------------------------
- --------------
175,944,527.21 140,686,006.51
2,407,428.78
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-I-1 87,617.37 809,541.82 0.00 0.00
10,348,783.06
A-I-2 110,100.61 796,624.95 0.00 0.00
16,702,888.61
A-I-3 2,385.56 432,989.44 0.00 0.00
0.00
A-I-4 44,066.23 456,758.76 0.00 0.00
6,687,307.47
A-I-5 64,182.15 64,182.15 0.00 0.00
10,137,000.00
A-I-6 36,116.39 36,116.39 0.00 0.00
5,558,000.00
A-I-7 112,806.87 112,806.87 0.00 0.00
16,926,000.00
A-I-8 45,879.85 45,879.85 0.00 0.00
6,884,000.00
A-I-9 74,838.02 74,838.02 0.00 0.00
11,229,000.00
A-I-10 149,962.63 149,962.63 0.00 0.00
22,501,000.00
A-II-1 57,318.24 195,218.36 0.00 0.00
8,462,360.66
A-II-2 30,157.81 30,157.81 0.00 0.00
4,525,000.00
A-P 0.00 1,409.23 0.00 0.00
957,795.57
A-V 102,178.95 102,178.95 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 52,115.45 59,484.32 0.00 0.00
7,812,245.48
M-2 26,054.77 29,738.79 0.00 0.00
3,905,678.80
M-3 18,527.53 21,147.23 0.00 0.00
2,777,325.55
B-1 9,264.09 10,573.99 0.00 0.00
1,388,712.10
B-2 2,894.54 3,303.81 0.00 0.00
433,898.55
B-3 6,948.39 7,930.86 0.00 0.00
1,041,581.98
- -----------------------------------------------------------------
- --------------
1,033,415.45 3,440,844.23 0.00 0.00
138,278,577.83
=================================================================
==============
Run: 01/26/98 10:47:11
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- 464.219537 30.271907 3.673992 33.945899 0.000000
433.947629
A-I- 695.576518 27.460974 4.404024 31.864998 0.000000
668.115544
A-I- 34.801898 34.801898 0.192804 34.994702 0.000000
0.000000
A-I- 1000.000000 58.125708 6.206511 64.332219 0.000000
941.874292
A-I- 1000.000000 0.000000 6.331474 6.331474 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.498091 6.498091 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.664709 6.664709 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.664708 6.664708 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.664709 6.664709 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.664710 6.664710 0.000000
1000.000000
A-II 770.494605 12.354428 5.135123 17.489551 0.000000
758.140177
A-II 1000.000000 0.000000 6.664709 6.664709 0.000000
1000.000000
A-P 867.368915 1.274310 0.000000 1.274310 0.000000
866.094605
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 987.512073 0.930589 6.581480 7.512069 0.000000
986.581484
M-2 987.512079 0.930590 6.581482 7.512072 0.000000
986.581489
M-3 987.512078 0.930589 6.581482 7.512071 0.000000
986.581489
B-1 987.512077 0.930591 6.581479 7.512070 0.000000
986.581486
B-2 987.512096 0.930582 6.581492 7.512074 0.000000
986.581514
B-3 987.512017 0.930591 6.581482 7.512073 0.000000
986.581523
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:47:11
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
29,039.48
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
410.16
SUBSERVICER ADVANCES THIS MONTH
46,556.49
MASTER SERVICER ADVANCES THIS MONTH
661.60
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 27
3,659,263.57
(B) TWO MONTHLY PAYMENTS: 7
740,364.31
(C) THREE OR MORE MONTHLY PAYMENTS: 0
0.00
FORECLOSURES
NUMBER OF LOANS
11
AGGREGATE PRINCIPAL BALANCE
1,271,433.75
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
138,278,577.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,373
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
76,902.76
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
2,271,139.03
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 86.96741640 % 10.31298200 %
2.03779630 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 87.35847390 % 10.48264312 %
2.08576780 %
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
9.14565900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
315.32
POOL TRADING FACTOR:
78.59214493
.................................................................
...............
Run: 01/26/98 10:47:12
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 1,203,798.97 7.050000 %
1,203,798.97
A-I- 76110FDR1 43,322,483.00 25,365,246.01 6.400000 %
2,119,221.26
A-I- 76110FDS9 0.00 0.00 2.600000 %
0.00
A-I- 76110FDT7 13,330,948.00 13,330,948.00 7.125000 %
958,496.30
A-I- 76110FDU4 24,973,716.00 24,973,716.00 7.600000 %
342,320.05
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 17,888,304.26 8.000000 %
602,550.17
A-P 76110FED1 601,147.92 505,401.70 0.000000 %
5,621.23
A-V 76110FGQ0 0.00 0.00 0.816181 %
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 9,015,701.43 8.000000 %
8,244.45
M-2 76110FEH2 5,126,400.00 5,070,775.66 8.000000 %
4,636.99
M-3 76110FEJ8 3,645,500.00 3,605,944.24 8.000000 %
3,297.47
B-1 1,822,700.00 1,802,922.67 8.000000 %
1,648.69
B-2 569,600.00 563,419.52 8.000000 %
515.22
B-3 1,366,716.75 1,351,887.09 8.000000 %
1,236.24
- -----------------------------------------------------------------
- --------------
227,839,864.67 188,433,764.55
5,251,587.04
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-I-1 7,046.90 1,210,845.87 0.00 0.00
0.00
A-I-2 134,795.04 2,254,016.30 0.00 0.00
23,246,024.75
A-I-3 54,760.48 54,760.48 0.00 0.00
0.00
A-I-4 78,867.99 1,037,364.29 0.00 0.00
12,372,451.70
A-I-5 157,598.34 499,918.39 0.00 0.00
24,631,395.95
A-I-6 493.50 493.50 0.00 0.00
0.00
A-I-7 6,393.61 6,393.61 0.00 0.00
1,000,000.00
A-I-8 60,993.04 60,993.04 0.00 0.00
9,539,699.00
A-I-9 149,633.53 149,633.53 0.00 0.00
22,526,000.00
A-I-10 77,387.50 77,387.50 0.00 0.00
11,650,000.00
A-I-11 202,077.68 202,077.68 0.00 0.00
30,421,000.00
A-I-12 57,253.46 57,253.46 0.00 0.00
8,619,000.00
A-II 118,826.70 721,376.87 0.00 0.00
17,285,754.09
A-P 0.00 5,621.23 0.00 0.00
499,780.47
A-V 127,702.68 127,702.68 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 59,888.63 68,133.08 0.00 0.00
9,007,456.98
M-2 33,683.66 38,320.65 0.00 0.00
5,066,138.67
M-3 23,953.22 27,250.69 0.00 0.00
3,602,646.77
B-1 11,976.28 13,624.97 0.00 0.00
1,801,273.98
B-2 3,742.63 4,257.85 0.00 0.00
562,904.30
B-3 8,980.18 10,216.42 0.00 0.00
1,350,650.85
- -----------------------------------------------------------------
- --------------
1,376,055.05 6,627,642.09 0.00 0.00
183,182,177.51
=================================================================
==============
Run: 01/26/98 10:47:12
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- 59.872165 59.872165 0.350485 60.222650 0.000000
0.000000
A-I- 585.498435 48.917355 3.111434 52.028789 0.000000
536.581081
A-I- 1000.000000 71.900085 5.916158 77.816243 0.000000
928.099915
A-I- 1000.000000 13.707213 6.310568 20.017781 0.000000
986.292787
A-I- 1000.000000 0.000000 6.393610 6.393610 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.393602 6.393602 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.642703 6.642703 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.642704 6.642704 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.642703 6.642703 0.000000
1000.000000
A-I- 1000.000000 0.000000 6.642703 6.642703 0.000000
1000.000000
A-II 889.788314 29.971656 5.910600 35.882256 0.000000
859.816658
A-P 840.727686 9.350823 0.000000 9.350823 0.000000
831.376863
R-I 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 989.149434 0.904532 6.570626 7.475158 0.000000
988.244902
M-2 989.149434 0.904531 6.570627 7.475158 0.000000
988.244903
M-3 989.149428 0.904532 6.570627 7.475159 0.000000
988.244896
B-1 989.149432 0.904532 6.570626 7.475158 0.000000
988.244900
B-2 989.149438 0.904529 6.570629 7.475158 0.000000
988.244909
B-3 989.149427 0.904533 6.570623 7.475156 0.000000
988.244893
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:47:13
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
38,633.54
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
55,080.21
MASTER SERVICER ADVANCES THIS MONTH
1,008.35
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 46
5,029,192.09
(B) TWO MONTHLY PAYMENTS: 3
174,920.47
(C) THREE OR MORE MONTHLY PAYMENTS: 0
0.00
FORECLOSURES
NUMBER OF LOANS
15
AGGREGATE PRINCIPAL BALANCE
1,652,468.27
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
183,182,177.51
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,814
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
123,011.73
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
5,073,284.90
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 88.36936030 % 9.38919900 %
1.97322880 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 88.29056770 % 9.64954269 %
2.03349050 %
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
9.12095800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
317.66
POOL TRADING FACTOR:
80.39952875
.................................................................
...............
Run: 01/26/98 10:45:49
REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8
(POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
_________________________________________________________________
______________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH
PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
_________________________________________________________________
______________
A-1 76110FEK5 4,000,000.00 3,134,330.93 7.400000 %
77,374.87
A-2 76110FEL3 4,074,824.00 2,052,377.64 7.300000 %
185,242.00
A-3 76110FEM1 13,128,206.00 13,128,206.00 7.050000 %
0.00
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 %
0.00
A-5 76110FEP4 10,500,000.00 10,198,932.16 7.400000 %
0.00
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 %
0.00
A-7 76110FER0 31,579,563.00 25,567,656.32 6.500000 %
538,936.67
A-8 76110FES8 0.00 0.00 2.500000 %
0.00
A-9 76110FET6 32,965,000.00 18,245,763.06 0.000000 %
1,336,483.14
A-10 76110FEU3 20,953,719.00 20,663,229.85 7.400000 %
25,964.39
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 115,824.70 110,274.76 0.000000 %
147.82
A-15 76110FGR8 0.00 0.00 0.895693 %
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 6,606,990.21 7.750000 %
4,456.26
M-2 76110FFC2 4,440,700.00 4,404,693.20 7.750000 %
2,970.86
M-3 76110FFD0 3,108,500.00 3,083,295.16 7.750000 %
2,079.61
B-1 1,509,500.00 1,497,260.44 7.750000 %
1,009.87
B-2 444,000.00 440,399.90 7.750000 %
297.04
B-3 1,154,562.90 1,132,066.14 7.750000 %
763.47
- -----------------------------------------------------------------
- --------------
177,623,205.60 153,253,081.77
2,175,726.00
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 19,318.07 96,692.94 0.00 0.00
3,056,956.06
A-2 12,478.65 197,720.65 0.00 0.00
1,867,135.64
A-3 77,087.12 77,087.12 0.00 0.00
13,128,206.00
A-4 22,892.45 22,892.45 0.00 0.00
3,765,148.00
A-5 62,859.91 62,859.91 0.00 0.00
10,198,932.16
A-6 16,027.88 16,027.88 0.00 0.00
2,600,500.00
A-7 138,417.70 677,354.37 0.00 0.00
25,028,719.65
A-8 53,237.58 53,237.58 0.00 0.00
0.00
A-9 111,658.54 1,448,141.68 0.00 0.00
16,909,279.92
A-10 127,355.37 153,319.76 0.00 0.00
20,637,265.46
A-11 90,207.13 90,207.13 0.00 0.00
13,975,000.00
A-12 12,909.79 12,909.79 0.00 0.00
2,000,000.00
A-13 133,273.91 133,273.91 0.00 0.00
20,646,958.00
A-14 0.00 147.82 0.00 0.00
110,126.94
A-15 114,328.81 114,328.81 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 42,647.42 47,103.68 0.00 0.00
6,602,533.95
M-2 28,431.83 31,402.69 0.00 0.00
4,401,722.34
M-3 19,902.34 21,981.95 0.00 0.00
3,081,215.55
B-1 9,664.66 10,674.53 0.00 0.00
1,496,250.57
B-2 2,842.73 3,139.77 0.00 0.00
440,102.86
B-3 7,307.37 8,070.84 0.00 0.00
1,131,302.59
- -----------------------------------------------------------------
- --------------
1,102,849.26 3,278,575.26 0.00 0.00
151,077,355.69
=================================================================
==============
Run: 01/26/98 10:45:49
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8
(POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-1 783.582733 19.343718 4.829518 24.173236 0.000000
764.239015
A-2 503.672708 45.460122 3.062378 48.522500 0.000000
458.212586
A-3 1000.000000 0.000000 5.871870 5.871870 0.000000
1000.000000
A-4 1000.000000 0.000000 6.080093 6.080093 0.000000
1000.000000
A-5 971.326872 0.000000 5.986658 5.986658 0.000000
971.326872
A-6 1000.000000 0.000000 6.163384 6.163384 0.000000
1000.000000
A-7 809.626666 17.065995 4.383142 21.449137 0.000000
792.560671
A-9 553.488945 40.542489 3.387185 43.929674 0.000000
512.946456
A-10 986.136630 1.239131 6.077936 7.317067 0.000000
984.897500
A-11 1000.000000 0.000000 6.454893 6.454893 0.000000
1000.000000
A-12 1000.000000 0.000000 6.454895 6.454895 0.000000
1000.000000
A-13 1000.000000 0.000000 6.454893 6.454893 0.000000
1000.000000
A-14 952.083278 1.276239 0.000000 1.276239 0.000000
950.807039
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-1 991.891639 0.669008 6.402555 7.071563 0.000000
991.222632
M-2 991.891639 0.669007 6.402556 7.071563 0.000000
991.222632
M-3 991.891639 0.669008 6.402554 7.071562 0.000000
991.222632
B-1 991.891646 0.669010 6.402557 7.071567 0.000000
991.222637
B-2 991.891667 0.669009 6.402545 7.071554 0.000000
991.222658
B-3 980.514912 0.661263 6.329122 6.990385 0.000000
979.853583
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:45:50
rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS8
(POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4231
_________________________________________________________________
______________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
31,762.59
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
4,025.79
SUBSERVICER ADVANCES THIS MONTH
58,458.39
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 33
3,822,766.25
(B) TWO MONTHLY PAYMENTS: 4
527,684.17
(C) THREE OR MORE MONTHLY PAYMENTS: 3
287,233.29
FORECLOSURES
NUMBER OF LOANS
24
AGGREGATE PRINCIPAL BALANCE
2,746,122.83
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
151,077,355.69
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,443
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
2,072,302.11
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 88.79170010 % 9.20381400 %
2.00448620 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 88.63784680 % 9.32335079 %
2.03200130 %
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
8.97009549
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
337.95
POOL TRADING FACTOR:
85.05496519
.................................................................
...............
Run: 01/26/98 10:45:58
REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.
(COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1 (POOL
# 4237)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4237
_________________________________________________________________
______________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH
PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
_________________________________________________________________
______________
A-1 76110FFE8 33,258,000.00 14,412,503.54 6.750000 %
2,886,966.83
A-2 76110FFF5 10,146,000.00 5,711,765.41 6.750000 %
679,286.33
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 26,523,132.37 11.000000 %
764,197.08
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 212,947.62 210,315.75 0.000000 %
281.38
A-13 76110FFS7 0.00 0.00 0.956808 %
0.00
R 76110FFT5 100.00 0.00 7.500000 %
0.00
M-1 76110FFV0 9,377,000.00 9,319,275.08 7.500000 %
6,079.97
M-2 76110FFW8 6,251,000.00 6,212,518.78 7.500000 %
4,053.09
M-3 76110FFW8 4,375,700.00 4,348,763.14 7.500000 %
2,837.17
B-1 1,624,900.00 1,614,897.10 7.500000 %
1,053.57
B-2 624,800.00 620,953.72 7.500000 %
405.11
B-3 1,500,282.64 1,491,046.88 7.500000 %
972.77
- -----------------------------------------------------------------
- --------------
250,038,730.26 221,621,525.77
4,346,133.30
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 81,049.99 2,968,016.82 0.00 0.00
11,525,536.71
A-2 32,120.62 711,406.95 0.00 0.00
5,032,479.08
A-3 139,554.98 139,554.98 0.00 0.00
24,816,000.00
A-4 89,628.76 89,628.76 0.00 0.00
15,938,000.00
A-5 57,658.66 57,658.66 0.00 0.00
10,253,000.00
A-6 243,067.71 1,007,264.79 0.00 0.00
25,758,935.29
A-7 99,267.59 99,267.59 0.00 0.00
17,652,000.00
A-8 31,804.71 31,804.71 0.00 0.00
5,655,589.00
A-9 107,230.59 107,230.59 0.00 0.00
19,068,000.00
A-10 57,741.69 57,741.69 0.00 0.00
10,267,765.00
A-11 296,838.01 296,838.01 0.00 0.00
47,506,000.00
A-12 0.00 281.38 0.00 0.00
210,034.37
A-13 176,663.45 176,663.45 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 58,230.86 64,310.83 0.00 0.00
9,313,195.11
M-2 38,818.50 42,871.59 0.00 0.00
6,208,465.69
M-3 27,172.95 30,010.12 0.00 0.00
4,345,925.97
B-1 10,090.58 11,144.15 0.00 0.00
1,613,843.53
B-2 3,879.99 4,285.10 0.00 0.00
620,548.61
B-3 9,316.70 10,289.47 0.00 0.00
1,490,074.11
- -----------------------------------------------------------------
- --------------
1,560,136.34 5,906,269.64 0.00 0.00
217,275,392.47
=================================================================
==============
Run: 01/26/98 10:45:58
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.
(COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1 (POOL
# 4237)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4237
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-1 433.354487 86.805185 2.437007 89.242192 0.000000
346.549303
A-2 562.957363 66.951146 3.165841 70.116987 0.000000
496.006217
A-3 1000.000000 0.000000 5.623589 5.623589 0.000000
1000.000000
A-4 1000.000000 0.000000 5.623589 5.623589 0.000000
1000.000000
A-5 1000.000000 0.000000 5.623589 5.623589 0.000000
1000.000000
A-6 841.693016 24.251259 7.713583 31.964842 0.000000
817.441758
A-7 1000.000000 0.000000 5.623589 5.623589 0.000000
1000.000000
A-8 1000.000000 0.000000 5.623589 5.623589 0.000000
1000.000000
A-9 1000.000000 0.000000 5.623589 5.623589 0.000000
1000.000000
A-10 1000.000000 0.000000 5.623589 5.623589 0.000000
1000.000000
A-11 1000.000000 0.000000 6.248432 6.248432 0.000000
1000.000000
A-12 987.640763 1.321358 0.000000 1.321358 0.000000
986.319406
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 993.843988 0.648392 6.209967 6.858359 0.000000
993.195597
M-2 993.843990 0.648391 6.209966 6.858357 0.000000
993.195599
M-3 993.843988 0.648392 6.209966 6.858358 0.000000
993.195596
B-1 993.843990 0.648391 6.209970 6.858361 0.000000
993.195600
B-2 993.843982 0.648383 6.209971 6.858354 0.000000
993.195599
B-3 993.843987 0.648391 6.209963 6.858354 0.000000
993.195595
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:45:59
rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.
(COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS1 (POOL #
4237)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4237
_________________________________________________________________
______________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
45,995.82
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH
39,028.58
MASTER SERVICER ADVANCES THIS MONTH
285.43
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 44
3,817,742.25
(B) TWO MONTHLY PAYMENTS: 4
394,852.04
(C) THREE OR MORE MONTHLY PAYMENTS: 0
0.00
FORECLOSURES
NUMBER OF LOANS
6
AGGREGATE PRINCIPAL BALANCE
799,556.56
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
217,275,392.47
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
2,048
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS
1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
31,350.43
REMAINING SUBCLASS INTEREST SHORTFALL
0.00
CLASS A SHORTFALL (PRINCIPAL)
0.00
CLASS A SHORTFALL (INTEREST)
0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
4,201,464.88
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 89.33773290 % 8.97902000 %
1.68324710 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 89.13135970 % 9.14396543 %
1.71582710 %
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
8.77806825
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
342.70
POOL TRADING FACTOR:
86.89669486
.................................................................
...............
Run: 01/26/98 10:46:03
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 25,782,606.56 9.000000 %
304,177.00
A-2 76110FFZ1 37,000,000.00 25,516,012.23 7.250000 %
655,874.75
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 8,169,078.34 7.250000 %
104,567.80
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 130,561.76 127,748.09 0.000000 %
120.13
A-10 76110FGH0 0.00 0.00 0.730376 %
0.00
R 76100FGJ6 100.00 0.00 7.750000 %
0.00
M-1 76110FGK3 4,931,600.00 4,905,166.75 7.750000 %
3,175.48
M-2 76110FGL1 4,109,600.00 4,087,572.64 7.750000 %
2,646.19
M-3 76110FGM9 2,630,200.00 2,616,102.19 7.750000 %
1,693.60
B-1 1,068,500.00 1,062,772.86 7.750000 %
688.01
B-2 410,900.00 408,697.59 7.750000 %
264.58
B-3 821,738.81 817,334.34 7.750000 %
529.11
- -----------------------------------------------------------------
- --------------
164,383,983.57 145,665,304.59
1,073,736.65
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 193,297.97 497,474.97 0.00 0.00
25,478,429.56
A-2 154,102.18 809,976.93 0.00 0.00
24,860,137.48
A-3 31,405.04 31,405.04 0.00 0.00
5,200,000.00
A-4 109,917.63 109,917.63 0.00 0.00
18,200,000.00
A-5 49,336.58 153,904.38 0.00 0.00
8,064,510.54
A-6 44,519.24 44,519.24 0.00 0.00
7,371,430.00
A-7 67,146.86 67,146.86 0.00 0.00
10,400,783.00
A-8 200,134.22 200,134.22 0.00 0.00
31,000,000.00
A-9 0.00 120.13 0.00 0.00
127,627.96
A-10 88,625.92 88,625.92 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 31,667.47 34,842.95 0.00 0.00
4,901,991.27
M-2 26,389.14 29,035.33 0.00 0.00
4,084,926.45
M-3 16,889.41 18,583.01 0.00 0.00
2,614,408.59
B-1 6,861.20 7,549.21 0.00 0.00
1,062,084.85
B-2 2,638.53 2,903.11 0.00 0.00
408,433.01
B-3 5,276.67 5,805.78 0.00 0.00
816,805.23
- -----------------------------------------------------------------
- --------------
1,028,208.06 2,101,944.71 0.00 0.00
144,591,567.94
=================================================================
==============
Run: 01/26/98 10:46:03
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-1 828.794334 9.777917 6.213657 15.991574 0.000000
819.016418
A-2 689.621952 17.726345 4.164924 21.891269 0.000000
671.895608
A-3 1000.000000 0.000000 6.039431 6.039431 0.000000
1000.000000
A-4 1000.000000 0.000000 6.039430 6.039430 0.000000
1000.000000
A-5 816.907834 10.456780 4.933658 15.390438 0.000000
806.451054
A-6 1000.000000 0.000000 6.039431 6.039431 0.000000
1000.000000
A-7 1000.000000 0.000000 6.455943 6.455943 0.000000
1000.000000
A-8 1000.000000 0.000000 6.455943 6.455943 0.000000
1000.000000
A-9 978.449509 0.920101 0.000000 0.920101 0.000000
977.529408
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 994.640026 0.643905 6.421338 7.065243 0.000000
993.996121
M-2 994.640023 0.643905 6.421340 7.065245 0.000000
993.996119
M-3 994.640024 0.643905 6.421341 7.065246 0.000000
993.996118
B-1 994.640019 0.643903 6.421338 7.065241 0.000000
993.996116
B-2 994.640034 0.643904 6.421343 7.065247 0.000000
993.996130
B-3 994.640061 0.643903 6.421347 7.065250 0.000000
993.996170
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:04
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
30,411.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
7,562.27
SUBSERVICER ADVANCES THIS MONTH
36,978.29
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 26
3,439,485.90
(B) TWO MONTHLY PAYMENTS: 3
590,177.51
(C) THREE OR MORE MONTHLY PAYMENTS: 2
326,886.99
FORECLOSURES
NUMBER OF LOANS
4
AGGREGATE PRINCIPAL BALANCE
357,405.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
144,591,567.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,378
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
979,418.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 90.45081780 % 7.97652600 %
1.57265580 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 90.38607880 % 8.02351512 %
1.58331770 %
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
8.80211090
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
344.37
POOL TRADING FACTOR:
87.95964473
.................................................................
...............
Run: 01/26/98 10:46:07
REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED 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 21,787,943.86 7.250000 %
751,221.38
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 12,425,126.82 9.500000 %
214,634.68
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 %
0.00
A-9 76110FHA4 107,351.50 105,471.16 0.000000 %
94.12
A-10 76110FHB2 0.00 0.00 0.734266 %
0.00
R 76110FHC0 100.00 0.00 7.750000 %
0.00
M-1 76110FHD8 5,346,700.00 5,317,272.43 7.750000 %
3,402.02
M-2 76110FHE6 4,112,900.00 4,090,263.11 7.750000 %
2,616.97
M-3 76110FHF3 2,632,200.00 2,617,712.69 7.750000 %
1,674.83
B-1 1,069,400.00 1,063,514.16 7.750000 %
680.44
B-2 411,200.00 408,936.81 7.750000 %
261.64
B-3 823,585.68 819,052.73 7.750000 %
524.03
- -----------------------------------------------------------------
- --------------
164,514,437.18 151,163,293.77
975,110.11
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 131,606.45 882,827.83 0.00 0.00
21,036,722.48
A-2 166,082.10 166,082.10 0.00 0.00
26,579,000.00
A-3 105,108.05 105,108.05 0.00 0.00
16,821,000.00
A-4 151,672.78 151,672.78 0.00 0.00
23,490,000.00
A-5 46,089.41 46,089.41 0.00 0.00
7,138,000.00
A-6 6,456.91 6,456.91 0.00 0.00
1,000,000.00
A-7 98,343.89 312,978.57 0.00 0.00
12,210,492.14
A-8 177,564.98 177,564.98 0.00 0.00
27,500,000.00
A-9 0.00 94.12 0.00 0.00
105,377.04
A-10 92,474.70 92,474.70 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 34,333.14 37,735.16 0.00 0.00
5,313,870.41
M-2 26,410.45 29,027.42 0.00 0.00
4,087,646.14
M-3 16,902.33 18,577.16 0.00 0.00
2,616,037.86
B-1 6,867.01 7,547.45 0.00 0.00
1,062,833.72
B-2 2,640.47 2,902.11 0.00 0.00
408,675.17
B-3 5,288.55 5,812.58 0.00 0.00
818,528.70
- -----------------------------------------------------------------
- --------------
1,067,841.22 2,042,951.33 0.00 0.00
150,188,183.66
=================================================================
==============
Run: 01/26/98 10:46:07
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED 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-1 678.561894 23.395976 4.098740 27.494716 0.000000
655.165919
A-2 1000.000000 0.000000 6.248621 6.248621 0.000000
1000.000000
A-3 1000.000000 0.000000 6.248621 6.248621 0.000000
1000.000000
A-4 1000.000000 0.000000 6.456908 6.456908 0.000000
1000.000000
A-5 1000.000000 0.000000 6.456908 6.456908 0.000000
1000.000000
A-6 1000.000000 0.000000 6.456910 6.456910 0.000000
1000.000000
A-7 808.190895 13.960887 6.396767 20.357654 0.000000
794.230008
A-8 1000.000000 0.000000 6.456908 6.456908 0.000000
1000.000000
A-9 982.484269 0.876746 0.000000 0.876746 0.000000
981.607523
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 994.496125 0.636284 6.421370 7.057654 0.000000
993.859841
M-2 994.496124 0.636283 6.421369 7.057652 0.000000
993.859841
M-3 994.496121 0.636285 6.421370 7.057655 0.000000
993.859836
B-1 994.496129 0.636282 6.421367 7.057649 0.000000
993.859847
B-2 994.496133 0.636284 6.421376 7.057660 0.000000
993.859849
B-3 994.496080 0.636279 6.421372 7.057651 0.000000
993.859801
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:08
rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS3
(POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
_________________________________________________________________
______________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
31,387.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
6,719.83
SUBSERVICER ADVANCES THIS MONTH
33,942.88
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 30
3,265,181.29
(B) TWO MONTHLY PAYMENTS: 3
385,979.49
(C) THREE OR MORE MONTHLY PAYMENTS: 0
0.00
FORECLOSURES
NUMBER OF LOANS
4
AGGREGATE PRINCIPAL BALANCE
818,645.61
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
150,188,183.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,396
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
878,382.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 90.52233660 % 7.96069200 %
1.51697120 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 90.46686800 % 8.00166439 %
1.52584940 %
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
8.80707142
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
346.74
POOL TRADING FACTOR:
91.29179556
.................................................................
...............
Run: 01/26/98 10:46:12
REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED 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 31,058,360.76 7.250000 %
2,656,385.16
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 21,793,211.14 10.000000 %
590,307.75
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 155,284.33 154,385.00 0.000000 %
133.24
A-9 76110FHT3 0.00 0.00 0.742889 %
0.00
R 76110FHU0 100.00 0.00 7.750000 %
0.00
M-1 76110FHV8 7,186,600.00 7,156,547.69 7.750000 %
4,484.17
M-2 76110FHW6 4,975,300.00 4,954,494.71 7.750000 %
3,104.40
M-3 76110FHX4 3,316,900.00 3,303,029.66 7.750000 %
2,069.62
B-1 1,216,200.00 1,211,114.20 7.750000 %
758.86
B-2 552,900.00 550,587.93 7.750000 %
344.99
B-3 995,114.30 990,953.03 7.750000 %
620.91
- -----------------------------------------------------------------
- --------------
221,126,398.63 206,171,430.12
3,258,209.10
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 187,557.80 2,843,942.96 0.00 0.00
28,401,975.60
A-2 216,041.04 216,041.04 0.00 0.00
35,775,000.00
A-3 135,262.20 135,262.20 0.00 0.00
22,398,546.00
A-4 181,526.41 771,834.16 0.00 0.00
21,202,903.39
A-5 110,418.48 110,418.48 0.00 0.00
17,675,100.00
A-6 46,156.45 46,156.45 0.00 0.00
7,150,100.00
A-7 335,678.60 335,678.60 0.00 0.00
52,000,000.00
A-8 0.00 133.24 0.00 0.00
154,251.76
A-9 127,576.66 127,576.66 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 46,198.07 50,682.24 0.00 0.00
7,152,063.52
M-2 31,983.04 35,087.44 0.00 0.00
4,951,390.31
M-3 21,322.24 23,391.86 0.00 0.00
3,300,960.04
B-1 7,818.18 8,577.04 0.00 0.00
1,210,355.34
B-2 3,554.24 3,899.23 0.00 0.00
550,242.94
B-3 6,396.95 7,017.86 0.00 0.00
990,332.12
- -----------------------------------------------------------------
- --------------
1,457,490.36 4,715,699.46 0.00 0.00
202,913,221.02
=================================================================
==============
Run: 01/26/98 10:46:12
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED 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-1 718.427831 61.446290 4.338501 65.784791 0.000000
656.981542
A-2 1000.000000 0.000000 6.038883 6.038883 0.000000
1000.000000
A-3 1000.000000 0.000000 6.038883 6.038883 0.000000
1000.000000
A-4 889.582582 24.095921 7.409772 31.505693 0.000000
865.486661
A-5 1000.000000 0.000000 6.247121 6.247121 0.000000
1000.000000
A-6 1000.000000 0.000000 6.455357 6.455357 0.000000
1000.000000
A-7 1000.000000 0.000000 6.455358 6.455358 0.000000
1000.000000
A-8 994.208495 0.858039 0.000000 0.858039 0.000000
993.350456
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 995.818285 0.623963 6.428363 7.052326 0.000000
995.194323
M-2 995.818284 0.623962 6.428364 7.052326 0.000000
995.194322
M-3 995.818282 0.623962 6.428364 7.052326 0.000000
995.194320
B-1 995.818286 0.623960 6.428367 7.052327 0.000000
995.194327
B-2 995.818285 0.623965 6.428360 7.052325 0.000000
995.194321
B-3 995.818299 0.623958 6.428357 7.052315 0.000000
995.194336
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:13
rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS4
(POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4247
_________________________________________________________________
______________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
42,797.13
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
6,648.45
SUBSERVICER ADVANCES THIS MONTH
31,822.18
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 25
2,402,538.78
(B) TWO MONTHLY PAYMENTS: 6
442,741.20
(C) THREE OR MORE MONTHLY PAYMENTS: 0
0.00
FORECLOSURES
NUMBER OF LOANS
6
AGGREGATE PRINCIPAL BALANCE
1,219,046.71
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
202,913,221.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,853
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
3,129,002.92
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 91.18193000 % 7.48194000 %
1.33612980 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 91.04584900 % 7.59162651 %
1.35674910 %
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
8.81678179
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
347.34
POOL TRADING FACTOR:
91.76345397
.................................................................
...............
Run: 01/26/98 10:46:14
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 24,212,646.57 7.250000 %
2,362,272.55
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 %
0.00
A-3 76110FJB0 29,956,909.00 26,549,151.49 10.000000 %
885,852.20
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 340,158.57 337,480.85 0.000000 %
498.60
A-11 76110FJK0 0.00 0.00 0.634034 %
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 6,702,225.69 8.000000 %
4,072.48
M-2 76110FJP9 4,330,000.00 4,312,130.35 8.000000 %
2,620.18
M-3 76110FJQ7 2,886,000.00 2,874,089.67 8.000000 %
1,746.39
B-1 1,058,000.00 1,053,633.70 8.000000 %
640.22
B-2 481,000.00 479,014.94 8.000000 %
291.06
B-3 866,066.26 862,492.05 8.000000 %
524.08
- -----------------------------------------------------------------
- --------------
192,360,424.83 179,794,956.31
3,258,517.76
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 146,188.69 2,508,461.24 0.00 0.00
21,850,374.02
A-2 65,207.16 65,207.16 0.00 0.00
10,800,000.00
A-3 221,097.67 1,106,949.87 0.00 0.00
25,663,299.29
A-4 144,904.80 144,904.80 0.00 0.00
24,000,000.00
A-5 71,154.84 71,154.84 0.00 0.00
11,785,091.00
A-6 120,873.91 120,873.91 0.00 0.00
18,143,000.00
A-7 31,759.13 31,759.13 0.00 0.00
4,767,000.00
A-8 26,805.52 26,805.52 0.00 0.00
0.00
A-9 259,119.96 259,119.96 0.00 0.00
42,917,000.00
A-10 0.00 498.60 0.00 0.00
336,982.25
A-11 94,934.34 94,934.34 0.00 0.00
0.00
R-I 0.00 0.00 0.00 0.00
0.00
R-II 0.00 0.00 0.00 0.00
0.00
M-1 44,652.16 48,724.64 0.00 0.00
6,698,153.21
M-2 28,728.66 31,348.84 0.00 0.00
4,309,510.17
M-3 19,148.02 20,894.41 0.00 0.00
2,872,343.28
B-1 7,019.61 7,659.83 0.00 0.00
1,052,993.48
B-2 3,191.33 3,482.39 0.00 0.00
478,723.88
B-3 5,746.17 6,270.25 0.00 0.00
861,967.97
- -----------------------------------------------------------------
- --------------
1,290,531.97 4,549,049.73 0.00 0.00
176,536,438.55
=================================================================
==============
Run: 01/26/98 10:46:14
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-1 727.106504 70.939116 4.390051 75.329167 0.000000
656.167388
A-2 1000.000000 0.000000 6.037700 6.037700 0.000000
1000.000000
A-3 886.244689 29.570881 7.380523 36.951404 0.000000
856.673807
A-4 1000.000000 0.000000 6.037700 6.037700 0.000000
1000.000000
A-5 1000.000000 0.000000 6.037700 6.037700 0.000000
1000.000000
A-6 1000.000000 0.000000 6.662289 6.662289 0.000000
1000.000000
A-7 1000.000000 0.000000 6.662289 6.662289 0.000000
1000.000000
A-9 1000.000000 0.000000 6.037700 6.037700 0.000000
1000.000000
A-10 992.128024 1.465787 0.000000 1.465787 0.000000
990.662237
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-1 995.873059 0.605123 6.634793 7.239916 0.000000
995.267936
M-2 995.873060 0.605122 6.634794 7.239916 0.000000
995.267938
M-3 995.873067 0.605125 6.634796 7.239921 0.000000
995.267942
B-1 995.873062 0.605123 6.634792 7.239915 0.000000
995.267940
B-2 995.873056 0.605114 6.634782 7.239896 0.000000
995.267942
B-3 995.873052 0.605127 6.634793 7.239920 0.000000
995.267929
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:15
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
37,257.82
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
3,745.90
SUBSERVICER ADVANCES THIS MONTH
32,761.13
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 29
2,652,305.83
(B) TWO MONTHLY PAYMENTS: 5
707,994.94
(C) THREE OR MORE MONTHLY PAYMENTS: 2
245,449.82
FORECLOSURES
NUMBER OF LOANS
5
AGGREGATE PRINCIPAL BALANCE
617,458.11
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
176,536,438.55
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,656
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
3,149,192.88
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 90.92621450 % 7.73912900 %
1.33465640 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 90.76405100 % 7.86240324 %
1.35850890 %
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
8.94296700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
348.95
POOL TRADING FACTOR:
91.77378284
.................................................................
...............
Run: 01/26/98 10:46:16
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 38,515,901.19 7.500000 %
1,112,228.10
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 20,897,368.72 7.500000 %
65,724.43
A-6 76110FJW4 164,986.80 160,066.19 0.000000 %
573.45
A-7 76110FJX2 0.00 0.00 0.743062 %
0.00
R 76110FJY0 100.00 0.00 7.500000 %
0.00
M-1 2,654,400.00 2,607,038.26 7.500000 %
8,199.41
M-2 76110FKA0 1,061,700.00 1,042,756.38 7.500000 %
3,279.58
M-3 76110FKB8 690,100.00 677,786.73 7.500000 %
2,131.71
B-1 371,600.00 364,969.64 7.500000 %
1,147.87
B-2 159,300.00 156,457.64 7.500000 %
492.08
B-3 372,446.48 365,801.01 7.500000 %
1,150.48
- -----------------------------------------------------------------
- --------------
106,172,633.28 101,263,145.76
1,194,927.11
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 240,422.86 1,352,650.96 0.00 0.00
37,403,673.09
A-2 97,895.98 97,895.98 0.00 0.00
15,683,000.00
A-3 117,015.75 117,015.75 0.00 0.00
18,746,000.00
A-4 12,771.48 12,771.48 0.00 0.00
2,046,000.00
A-5 130,444.96 196,169.39 0.00 0.00
20,831,644.29
A-6 0.00 573.45 0.00 0.00
159,492.74
A-7 62,625.43 62,625.43 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 16,273.58 24,472.99 0.00 0.00
2,598,838.85
M-2 6,509.07 9,788.65 0.00 0.00
1,039,476.80
M-3 4,230.86 6,362.57 0.00 0.00
675,655.02
B-1 2,278.20 3,426.07 0.00 0.00
363,821.77
B-2 976.64 1,468.72 0.00 0.00
155,965.56
B-3 2,283.40 3,433.88 0.00 0.00
364,650.53
- -----------------------------------------------------------------
- --------------
693,728.21 1,888,655.32 0.00 0.00
100,068,218.65
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-1 896.844903 25.898293 5.598260 31.496553 0.000000
870.946610
A-2 1000.000000 0.000000 6.242172 6.242172 0.000000
1000.000000
A-3 1000.000000 0.000000 6.242172 6.242172 0.000000
1000.000000
A-4 1000.000000 0.000000 6.242170 6.242170 0.000000
1000.000000
A-5 982.157669 3.088990 6.130797 9.219787 0.000000
979.068679
A-6 970.175735 3.475733 0.000000 3.475733 0.000000
966.700003
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 982.157271 3.088988 6.130794 9.219782 0.000000
979.068283
M-2 982.157276 3.088989 6.130800 9.219789 0.000000
979.068287
M-3 982.157267 3.088987 6.130793 9.219780 0.000000
979.068280
B-1 982.157266 3.088994 6.130786 9.219780 0.000000
979.068272
B-2 982.157188 3.089014 6.130822 9.219836 0.000000
979.068173
B-3 982.157248 3.088981 6.130814 9.219795 0.000000
979.068268
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:17
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
21,065.07
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
4,754.72
SUBSERVICER ADVANCES THIS MONTH
8,727.94
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 12
802,255.57
(B) TWO MONTHLY PAYMENTS: 1
48,478.94
(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
100,068,218.65
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,246
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
876,393.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 94.84208620 % 4.28036600 %
0.87754820 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 94.79684230 % 4.31102974 %
0.88524590 %
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
8.56025621
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
166.43
POOL TRADING FACTOR:
94.25048203
.................................................................
...............
Run: 01/26/98 10:46:22
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 75,758,579.70 7.500000 %
3,117,302.66
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 20,963,225.66 9.500000 %
445,328.95
A-8 76110FKP7 156,262.27 149,187.36 0.000000 %
126.67
A-9 76110FKQ5 0.00 0.00 0.780122 %
0.00
R 76110FKK8 100.00 0.00 7.750000 %
0.00
M-1 76110FKL6 6,697,000.00 6,677,518.35 7.750000 %
3,979.50
M-2 76110FKM4 3,827,000.00 3,815,867.20 7.750000 %
2,274.08
M-3 76110FKN2 2,870,200.00 2,861,850.55 7.750000 %
1,705.53
B-1 1,052,400.00 1,049,338.56 7.750000 %
625.36
B-2 478,400.00 477,008.33 7.750000 %
284.28
B-3 861,188.35 858,683.14 7.750000 %
511.74
- -----------------------------------------------------------------
- --------------
191,342,550.62 183,595,258.85
3,572,138.77
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 473,274.80 3,590,577.46 0.00 0.00
72,641,277.04
A-2 131,090.08 131,090.08 0.00 0.00
20,984,000.00
A-3 68,718.59 68,718.59 0.00 0.00
11,000,000.00
A-4 24,988.58 24,988.58 0.00 0.00
4,000,000.00
A-5 112,969.19 112,969.19 0.00 0.00
17,500,000.00
A-6 105,680.87 105,680.87 0.00 0.00
17,500,000.00
A-7 165,883.05 611,212.00 0.00 0.00
20,517,896.71
A-8 0.00 126.67 0.00 0.00
149,060.69
A-9 119,300.98 119,300.98 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 43,105.94 47,085.44 0.00 0.00
6,673,538.85
M-2 24,632.88 26,906.96 0.00 0.00
3,813,593.12
M-3 18,474.34 20,179.87 0.00 0.00
2,860,145.02
B-1 6,773.88 7,399.24 0.00 0.00
1,048,713.20
B-2 3,079.27 3,363.55 0.00 0.00
476,724.05
B-3 5,543.13 6,054.87 0.00 0.00
858,171.40
- -----------------------------------------------------------------
- --------------
1,303,515.58 4,875,654.35 0.00 0.00
180,023,120.08
=================================================================
==============
Run: 01/26/98 10:46:22
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-1 918.386002 37.789609 5.737290 43.526899 0.000000
880.596393
A-2 1000.000000 0.000000 6.247144 6.247144 0.000000
1000.000000
A-3 1000.000000 0.000000 6.247145 6.247145 0.000000
1000.000000
A-4 1000.000000 0.000000 6.247145 6.247145 0.000000
1000.000000
A-5 1000.000000 0.000000 6.455382 6.455382 0.000000
1000.000000
A-6 1000.000000 0.000000 6.038907 6.038907 0.000000
1000.000000
A-7 956.133439 20.311469 7.565932 27.877401 0.000000
935.821971
A-8 954.724131 0.810624 0.000000 0.810624 0.000000
953.913507
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 997.090989 0.594221 6.436604 7.030825 0.000000
996.496767
M-2 997.090985 0.594220 6.436603 7.030823 0.000000
996.496765
M-3 997.090987 0.594220 6.436604 7.030824 0.000000
996.496767
B-1 997.090992 0.594223 6.436602 7.030825 0.000000
996.496769
B-2 997.090991 0.594231 6.436601 7.030832 0.000000
996.496760
B-3 997.090985 0.594225 6.436606 7.030831 0.000000
996.496759
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:23
rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS7 (POOL #
4255)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4255
_________________________________________________________________
______________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
38,031.35
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
4,003.37
SUBSERVICER ADVANCES THIS MONTH
22,401.04
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 21
2,327,898.24
(B) TWO MONTHLY PAYMENTS: 4
342,269.80
(C) THREE OR MORE MONTHLY PAYMENTS: 0
0.00
FORECLOSURES
NUMBER OF LOANS
3
AGGREGATE PRINCIPAL BALANCE
223,617.19
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
180,023,120.08
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,627
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
3,462,700.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 91.41967660 % 7.28019700 %
1.30012600 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 91.25450010 % 7.41420157 %
1.32515420 %
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
8.85369678
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
350.57
POOL TRADING FACTOR:
94.08420631
.................................................................
...............
Run: 01/26/98 10:46:24
REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED 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 11,314,593.66 7.000000 %
829,960.62
A-2 76110FKV4 20,850,000.00 17,836,456.11 7.000000 %
1,199,345.53
A-3 76110FKW2 16,320,750.00 15,300,959.95 10.000000 %
405,861.23
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 24,673,958.81 7.500000 %
526,962.97
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 26,328.05 0.000000 %
21.07
A-12 76110FLF8 0.00 0.00 0.884409 %
0.00
R 76110FLG6 100.00 0.00 7.500000 %
0.00
M-1 76110FLH4 7,631,000.00 7,610,156.79 7.500000 %
4,651.33
M-2 76110FLJ0 4,361,000.00 4,349,088.42 7.500000 %
2,658.16
M-3 76110FLK7 3,270,500.00 3,261,567.00 7.500000 %
1,993.47
B-1 1,199,000.00 1,195,725.06 7.500000 %
730.83
B-2 545,000.00 543,511.40 7.500000 %
332.19
B-3 981,461.72 978,781.00 7.500000 %
598.22
- -----------------------------------------------------------------
- --------------
218,029,470.88 210,537,440.25
2,973,115.62
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 65,978.61 895,939.23 0.00 0.00
10,484,633.04
A-2 104,009.44 1,303,354.97 0.00 0.00
16,637,110.58
A-3 127,463.20 533,324.43 0.00 0.00
14,895,098.72
A-4 114,879.46 114,879.46 0.00 0.00
19,700,543.00
A-5 127,577.55 127,577.55 0.00 0.00
21,419,142.00
A-6 38,189.97 38,189.97 0.00 0.00
6,323,320.00
A-7 99,630.17 99,630.17 0.00 0.00
16,496,308.00
A-8 154,158.06 681,121.03 0.00 0.00
24,146,995.84
A-9 30,718.37 30,718.37 0.00 0.00
5,000,001.00
A-10 340,549.06 340,549.06 0.00 0.00
54,507,000.00
A-11 0.00 21.07 0.00 0.00
26,306.98
A-12 155,113.20 155,113.20 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 47,546.77 52,198.10 0.00 0.00
7,605,505.46
M-2 27,172.25 29,830.41 0.00 0.00
4,346,430.26
M-3 20,377.63 22,371.10 0.00 0.00
3,259,573.53
B-1 7,470.65 8,201.48 0.00 0.00
1,194,994.23
B-2 3,395.76 3,727.95 0.00 0.00
543,179.21
B-3 6,115.23 6,713.45 0.00 0.00
978,182.78
- -----------------------------------------------------------------
- --------------
1,470,345.38 4,443,461.00 0.00 0.00
207,564,324.63
=================================================================
==============
Run: 01/26/98 10:46:24
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED 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-1 844.378963 61.937822 4.923814 66.861636 0.000000
782.441141
A-2 855.465521 57.522567 4.988462 62.511029 0.000000
797.942954
A-3 937.515736 24.867805 7.809886 32.677691 0.000000
912.647931
A-4 1000.000000 0.000000 5.831284 5.831284 0.000000
1000.000000
A-5 1000.000000 0.000000 5.956240 5.956240 0.000000
1000.000000
A-6 1000.000000 0.000000 6.039544 6.039544 0.000000
1000.000000
A-7 1000.000000 0.000000 6.039544 6.039544 0.000000
1000.000000
A-8 949.070107 20.269338 5.929604 26.198942 0.000000
928.800769
A-9 1000.000000 0.000000 6.143673 6.143673 0.000000
1000.000000
A-10 1000.000000 0.000000 6.247804 6.247804 0.000000
1000.000000
A-11 996.928717 0.797829 0.000000 0.797829 0.000000
996.130888
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 997.268614 0.609531 6.230739 6.840270 0.000000
996.659083
M-2 997.268613 0.609530 6.230738 6.840268 0.000000
996.659083
M-3 997.268613 0.609531 6.230738 6.840269 0.000000
996.659083
B-1 997.268607 0.609533 6.230734 6.840267 0.000000
996.659074
B-2 997.268624 0.609523 6.230752 6.840275 0.000000
996.659101
B-3 997.268645 0.609530 6.230737 6.840267 0.000000
996.659121
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:25
rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS8
(POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
_________________________________________________________________
______________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
43,701.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
8,159.25
SUBSERVICER ADVANCES THIS MONTH
48,856.78
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 31
4,699,494.09
(B) TWO MONTHLY PAYMENTS: 7
576,557.82
(C) THREE OR MORE MONTHLY PAYMENTS: 0
0.00
FORECLOSURES
NUMBER OF LOANS
5
AGGREGATE PRINCIPAL BALANCE
1,097,515.77
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
207,564,324.62
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,813
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
2,844,431.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 91.47844050 % 7.23040800 %
1.29115150 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 91.36164750 % 7.32857599 %
1.30884750 %
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
8.71075983
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
351.69
POOL TRADING FACTOR:
95.20012308
.................................................................
...............
Run: 01/26/98 10:46:31
REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED 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 46,557,240.71 6.750000 %
1,800,950.14
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 %
0.00
A-3 76110FLN1 22,971,538.00 21,663,763.61 10.000000 %
327,445.47
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 0.996692 %
0.00
R 76110FLV3 100.00 0.00 7.250000 %
0.00
M-1 76110FLW1 8,130,000.00 8,115,117.33 7.250000 %
7,336.35
M-2 76110FLX9 5,420,000.00 5,410,078.22 7.250000 %
4,890.90
M-3 76110FLY2 4,065,000.00 4,057,558.66 7.250000 %
3,668.17
B-1 1,490,500.00 1,487,771.51 7.250000 %
1,345.00
B-2 677,500.00 676,259.78 7.250000 %
611.36
B-3 1,219,925.82 1,217,692.64 7.250000 %
1,100.84
- -----------------------------------------------------------------
- --------------
271,005,025.82 262,465,944.46
2,147,348.23
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 261,804.51 2,062,754.65 0.00 0.00
44,756,290.57
A-2 97,957.58 97,957.58 0.00 0.00
17,420,000.00
A-3 180,476.23 507,921.70 0.00 0.00
21,336,318.14
A-4 213,740.96 213,740.96 0.00 0.00
38,010,000.00
A-5 96,514.99 96,514.99 0.00 0.00
17,163,462.00
A-6 181,055.74 181,055.74 0.00 0.00
29,977,000.00
A-7 97,029.74 97,029.74 0.00 0.00
16,065,000.00
A-8 330,046.07 330,046.07 0.00 0.00
54,645,000.00
A-9 217,931.46 217,931.46 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 49,013.86 56,350.21 0.00 0.00
8,107,780.98
M-2 32,675.91 37,566.81 0.00 0.00
5,405,187.32
M-3 24,506.93 28,175.10 0.00 0.00
4,053,890.49
B-1 8,985.88 10,330.88 0.00 0.00
1,486,426.51
B-2 4,084.49 4,695.85 0.00 0.00
675,648.42
B-3 7,354.64 8,455.48 0.00 0.00
1,216,591.80
- -----------------------------------------------------------------
- --------------
1,803,178.99 3,950,527.22 0.00 0.00
260,318,596.23
=================================================================
==============
Run: 01/26/98 10:46:31
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED 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-1 866.181223 33.506049 4.870782 38.376831 0.000000
832.675173
A-2 1000.000000 0.000000 5.623282 5.623282 0.000000
1000.000000
A-3 943.069794 14.254399 7.856515 22.110914 0.000000
928.815395
A-4 1000.000000 0.000000 5.623282 5.623282 0.000000
1000.000000
A-5 1000.000000 0.000000 5.623282 5.623282 0.000000
1000.000000
A-6 1000.000000 0.000000 6.039822 6.039822 0.000000
1000.000000
A-7 1000.000000 0.000000 6.039822 6.039822 0.000000
1000.000000
A-8 1000.000000 0.000000 6.039822 6.039822 0.000000
1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 998.169413 0.902380 6.028765 6.931145 0.000000
997.267033
M-2 998.169413 0.902380 6.028766 6.931146 0.000000
997.267033
M-3 998.169412 0.902379 6.028765 6.931144 0.000000
997.267033
B-1 998.169413 0.902382 6.028769 6.931151 0.000000
997.267031
B-2 998.169417 0.902376 6.028768 6.931144 0.000000
997.267041
B-3 998.169413 0.902383 6.028760 6.931143 0.000000
997.267032
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:32
rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS9
(POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4263
_________________________________________________________________
______________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
59,123.05
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
9,751.64
SUBSERVICER ADVANCES THIS MONTH
37,471.30
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 35
4,020,154.45
(B) TWO MONTHLY PAYMENTS: 7
576,719.43
(C) THREE OR MORE MONTHLY PAYMENTS: 1
112,000.00
FORECLOSURES
NUMBER OF LOANS
3
AGGREGATE PRINCIPAL BALANCE
206,369.90
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
260,318,596.23
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
2,416
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
1,910,069.89
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
73,002.25
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 92.01249590 % 6.69906100 %
1.28844290 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 91.95388810 % 6.74821509 %
1.29789680 %
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
8.59725090
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
352.63
POOL TRADING FACTOR:
96.05674118
.................................................................
...............
Run: 01/26/98 10:46:33
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 199,969,492.00 195,847,802.72 7.250000 %
2,990,238.37
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 64,836,334.94 7.250000 %
40,782.20
A-5 7611OFMS9 76,250.57 76,125.17 0.000000 %
63.49
A-6 7611OFMT7 0.00 0.00 0.951581 %
0.00
R 7611OFMU4 100.00 0.00 7.250000 %
0.00
M-1 7611OFMV2 10,602,000.00 10,588,909.67 7.250000 %
6,658.73
M-2 7611OFMW0 6,524,000.00 6,515,944.79 7.250000 %
4,097.49
M-3 7611OFMX8 4,893,000.00 4,886,958.59 7.250000 %
3,073.12
B-1 7611OFMY6 1,794,000.00 1,791,784.94 7.250000 %
1,126.75
B-2 7611OFMZ3 816,000.00 814,992.48 7.250000 %
512.50
B-3 7611OFNA7 1,468,094.11 1,466,281.46 7.250000 %
922.05
- -----------------------------------------------------------------
- --------------
326,202,444.68 321,968,134.76
3,047,474.70
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 1,182,901.76 4,173,140.13 0.00 0.00
192,857,564.35
A-2 60,399.04 60,399.04 0.00 0.00
10,000,000.00
A-3 151,861.29 151,861.29 0.00 0.00
25,143,000.00
A-4 391,605.18 432,387.38 0.00 0.00
64,795,552.74
A-5 0.00 63.49 0.00 0.00
76,061.68
A-6 255,241.08 255,241.08 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 63,955.99 70,614.72 0.00 0.00
10,582,250.94
M-2 39,355.68 43,453.17 0.00 0.00
6,511,847.30
M-3 29,516.75 32,589.87 0.00 0.00
4,883,885.47
B-1 10,822.21 11,948.96 0.00 0.00
1,790,658.19
B-2 4,922.47 5,434.97 0.00 0.00
814,479.98
B-3 8,856.19 9,778.24 0.00 0.00
1,465,359.41
- -----------------------------------------------------------------
- --------------
2,199,437.64 5,246,912.34 0.00 0.00
318,920,660.06
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-1 979.388410 14.953473 5.915411 20.868884 0.000000
964.434937
A-2 1000.000000 0.000000 6.039904 6.039904 0.000000
1000.000000
A-3 1000.000000 0.000000 6.039903 6.039903 0.000000
1000.000000
A-4 998.764982 0.628225 6.032444 6.660669 0.000000
998.136757
A-5 998.355422 0.832650 0.000000 0.832650 0.000000
997.522773
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 998.765296 0.628064 6.032446 6.660510 0.000000
998.137233
M-2 998.765296 0.628064 6.032446 6.660510 0.000000
998.137232
M-3 998.765295 0.628065 6.032444 6.660509 0.000000
998.137231
B-1 998.765295 0.628066 6.032447 6.660513 0.000000
998.137230
B-2 998.765294 0.628064 6.032439 6.660503 0.000000
998.137230
B-3 998.765304 0.628066 6.032440 6.660506 0.000000
998.137245
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:33
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
66,989.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
12,470.21
SUBSERVICER ADVANCES THIS MONTH
76,787.53
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 68
7,650,432.04
(B) TWO MONTHLY PAYMENTS: 12
1,790,069.01
(C) THREE OR MORE MONTHLY PAYMENTS: 2
166,470.94
FORECLOSURES
NUMBER OF LOANS
4
AGGREGATE PRINCIPAL BALANCE
596,202.74
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION
318,920,660.06
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
2,783
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
2,844,994.70
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 91.90260360 % 6.83204700 %
1.26534950 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 91.83035200 % 6.89136405 %
1.27664000 %
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
8.52820882
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
353.76
POOL TRADING FACTOR:
97.76770998
.................................................................
...............
Run: 01/26/98 10:46:34
REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED 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 98,051,985.62 7.000000 %
1,288,688.07
A-2 7611OFMD2 43,142.76 42,679.60 0.000000 %
233.57
A-3 7611OFME0 0.00 0.00 1.004410 %
0.00
R 7611OFMF7 100.00 0.00 7.000000 %
0.00
M-1 7611OFMG5 3,043,000.00 3,024,975.07 7.000000 %
9,096.61
M-2 7611OFMH3 892,000.00 886,716.32 7.000000 %
2,666.51
M-3 7611OFMJ9 419,700.00 417,213.95 7.000000 %
1,254.63
B-1 7611OFMK6 367,000.00 364,826.11 7.000000 %
1,097.09
B-2 7611OFML4 262,400.00 260,845.70 7.000000 %
784.41
B-3 7611OFMM2 263,388.53 261,828.35 7.000000 %
787.36
- -----------------------------------------------------------------
- --------------
104,940,731.29 103,311,070.72
1,304,608.25
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 571,584.64 1,860,272.71 0.00 0.00
96,763,297.55
A-2 0.00 233.57 0.00 0.00
42,446.03
A-3 86,414.01 86,414.01 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 17,633.80 26,730.41 0.00 0.00
3,015,878.46
M-2 5,169.03 7,835.54 0.00 0.00
884,049.81
M-3 2,432.11 3,686.74 0.00 0.00
415,959.32
B-1 2,126.72 3,223.81 0.00 0.00
363,729.02
B-2 1,520.58 2,304.99 0.00 0.00
260,061.29
B-3 1,526.30 2,313.66 0.00 0.00
261,040.99
- -----------------------------------------------------------------
- --------------
688,407.19 1,993,015.44 0.00 0.00
102,006,462.47
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-1 983.963729 12.932143 5.735922 18.668065 0.000000
971.031586
A-2 989.264479 5.413886 0.000000 5.413886 0.000000
983.850593
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 994.076592 2.989356 5.794873 8.784229 0.000000
991.087236
M-2 994.076592 2.989361 5.794877 8.784238 0.000000
991.087231
M-3 994.076602 2.989350 5.794877 8.784227 0.000000
991.087253
B-1 994.076594 2.989346 5.794877 8.784223 0.000000
991.087248
B-2 994.076601 2.989367 5.794893 8.784260 0.000000
991.087233
B-3 994.076507 2.989348 5.794861 8.784209 0.000000
991.087159
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:34
rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS11
(POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4265
_________________________________________________________________
______________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
21,455.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
3,700.76
SUBSERVICER ADVANCES THIS MONTH
17,507.33
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 16
1,715,604.20
(B) TWO MONTHLY PAYMENTS: 1
97,410.75
(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
102,006,462.47
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
1,095
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
993,855.56
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 94.94869100 % 4.19189800 %
0.85941120 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 94.89945660 % 4.23099428 %
0.86778780 %
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
8.32574549
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
171.88
POOL TRADING FACTOR:
97.20387996
.................................................................
...............
Run: 01/26/98 10:46:41
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 56,353,522.90 7.000000 %
2,120,045.95
A-2 76110FNC3 22,405,757.00 22,231,260.27 9.000000 %
302,863.71
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 59,281,931.18 7.250000 %
36,834.37
A-8 76110FNH2 0.00 0.00 0.905009 %
0.00
R 76110FNJ8 100.00 0.00 7.250000 %
0.00
M-1 76110FNK5 10,433,600.00 10,427,115.13 7.250000 %
6,478.81
M-2 76110FNL3 4,471,600.00 4,468,820.74 7.250000 %
2,776.67
M-3 76110FNM1 4,471,500.00 4,468,720.80 7.250000 %
2,776.61
B-1 76110FNN9 1,639,600.00 1,638,580.93 7.250000 %
1,018.12
B-2 76110FNP4 745,200.00 744,736.83 7.250000 %
462.74
B-3 76110FNQ2 1,341,561.05 1,340,727.21 7.250000 %
833.04
- -----------------------------------------------------------------
- --------------
298,104,002.05 296,656,699.99
2,474,090.02
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 328,471.19 2,448,517.14 0.00 0.00
54,233,476.95
A-2 166,603.75 469,467.46 0.00 0.00
21,928,396.56
A-3 366,186.79 366,186.79 0.00 0.00
62,824,125.00
A-4 139,075.94 139,075.94 0.00 0.00
24,294,118.00
A-5 156,960.19 156,960.19 0.00 0.00
26,000,000.00
A-6 136,332.26 136,332.26 0.00 0.00
22,583,041.00
A-7 357,880.91 394,715.28 0.00 0.00
59,245,096.81
A-8 223,555.35 223,555.35 0.00 0.00
0.00
R 0.00 0.00 0.00 0.00
0.00
M-1 62,947.77 69,426.58 0.00 0.00
10,420,636.32
M-2 26,977.97 29,754.64 0.00 0.00
4,466,044.07
M-3 26,977.36 29,753.97 0.00 0.00
4,465,944.19
B-1 9,892.00 10,910.12 0.00 0.00
1,637,562.81
B-2 4,495.92 4,958.66 0.00 0.00
744,274.09
B-3 8,093.88 8,926.92 0.00 0.00
1,339,894.17
- -----------------------------------------------------------------
- --------------
2,014,451.28 4,488,541.30 0.00 0.00
294,182,609.97
=================================================================
==============
_________________________________________________________________
______________
AMOUNTS PER $1,000 UNIT
_________________________________________________________________
______________
BEGINNING
ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
_________________________________________________________________
______________
A-1 978.784592 36.822335 5.705101 42.527436 0.000000
941.962257
A-2 992.211969 13.517227 7.435756 20.952983 0.000000
978.694742
A-3 1000.000000 0.000000 5.828761 5.828761 0.000000
1000.000000
A-4 1000.000000 0.000000 5.724675 5.724675 0.000000
1000.000000
A-5 1000.000000 0.000000 6.036930 6.036930 0.000000
1000.000000
A-6 1000.000000 0.000000 6.036931 6.036931 0.000000
1000.000000
A-7 999.378463 0.620956 6.033179 6.654135 0.000000
998.757507
R 0.000000 0.000000 0.000000 0.000000 0.000000
0.000000
M-1 999.378463 0.620956 6.033178 6.654134 0.000000
998.757507
M-2 999.378464 0.620957 6.033181 6.654138 0.000000
998.757507
M-3 999.378464 0.620957 6.033179 6.654136 0.000000
998.757506
B-1 999.378464 0.620956 6.033179 6.654135 0.000000
998.757508
B-2 999.378462 0.620961 6.033172 6.654133 0.000000
998.757501
B-3 999.378455 0.620956 6.033181 6.654137 0.000000
998.757505
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:42
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
61,603.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
14,005.62
SUBSERVICER ADVANCES THIS MONTH
119,301.49
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 117
14,841,305.35
(B) TWO MONTHLY PAYMENTS: 9
1,225,630.52
(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
294,182,609.97
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
2,614
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
2,289,764.67
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 92.21703010 % 6.52763200 %
1.25533820 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 92.15645150 % 6.57843935 %
1.26510910 %
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
8.48386414
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
0.00
POOL TRADING FACTOR:
98.68455571
.................................................................
...............
Run: 01/26/98 10:46:47
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 31,499,000.00 7.250000 %
129,066.06
A-2 76110FNT6 30,750,000.00 30,750,000.00 7.250000 %
338,161.42
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 62,999,000.00 7.250000 %
40,028.60
A-8 76110FNZ2 15,495,000.00 15,495,000.00 7.250000 %
343,506.91
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 100,038,312.00 100,038,312.00 0.000000 %
322,893.10
A-12 76110FPD9 0.00 0.00 7.250000 %
0.00
A-13 76110FPE7 0.00 0.00 5.250000 %
0.00
A-14 76110FPF4 0.00 0.00 9.250000 %
0.00
A-15 76110FPG2 26,249,000.00 26,249,000.00 7.000000 %
107,554.37
A-16 76110FPH0 2,386,273.00 2,386,273.00 10.000000 %
9,777.67
A-17 76110FPJ6 139,012.74 139,012.74 0.000000 %
127.59
A-18 76110FPK3 0.00 0.00 0.861125 %
0.00
R-I 76110FPL1 100.00 100.00 7.250000 %
100.00
R-II 76110FPM9 100.00 100.00 7.250000 %
100.00
M-1 76110FPN7 16,267,000.00 16,267,000.00 7.250000 %
10,335.80
M-2 76110FPP2 5,422,000.00 5,422,000.00 7.250000 %
3,445.06
M-3 76110FPQ0 6,507,000.00 6,507,000.00 7.250000 %
4,134.45
B-1 76110FPR8 2,386,000.00 2,386,000.00 7.250000 %
1,516.03
B-2 76110FPS6 1,085,000.00 1,085,000.00 7.250000 %
689.39
B-3 76110FPT4 1,952,210.06 1,952,210.06 7.250000 %
1,240.41
- -----------------------------------------------------------------
- --------------
433,792,422.80 433,792,422.80
1,312,676.86
=================================================================
==============
_________________________________________________________________
______________
REMAINING
INTEREST TOTAL DEFERRED REALIZED
PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES
BALANCE
_________________________________________________________________
______________
A-1 190,254.04 319,320.10 0.00 0.00
31,369,933.94
A-2 185,730.07 523,891.49 0.00 0.00
30,411,838.58
A-3 246,426.06 246,426.06 0.00 0.00
40,799,000.00
A-4 40,739.81 40,739.81 0.00 0.00
6,745,000.00
A-5 25,581.92 25,581.92 0.00 0.00
4,235,415.00
A-6 63,413.99 63,413.99 0.00 0.00
10,499,000.00
A-7 380,514.11 420,542.71 0.00 0.00
62,958,971.40
A-8 93,589.84 437,096.75 0.00 0.00
15,151,493.09
A-9 398,534.36 398,534.36 0.00 0.00
68,339,000.00
A-10 14,233.37 14,233.37 0.00 0.00
0.00
A-11 0.00 322,893.10 0.00 0.00
99,715,418.90
A-12 302,115.83 302,115.83 0.00 0.00
0.00
A-13 109,386.76 109,386.76 0.00 0.00
0.00
A-14 192,729.06 192,729.06 0.00 0.00
0.00
A-15 153,076.99 260,631.36 0.00 0.00
26,141,445.63
A-16 19,880.13 29,657.80 0.00 0.00
2,376,495.33
A-17 0.00 127.59 0.00 0.00
138,885.15
A-18 311,205.58 311,205.58 0.00 0.00
0.00
R-I 0.60 100.60 0.00 0.00
0.00
R-II 0.60 100.60 0.00 0.00
0.00
M-1 98,252.72 108,588.52 0.00 0.00
16,256,664.20
M-2 32,748.90 36,193.96 0.00 0.00
5,418,554.94
M-3 39,302.30 43,436.75 0.00 0.00
6,502,865.55
B-1 14,411.45 15,927.48 0.00 0.00
2,384,483.97
B-2 6,553.40 7,242.79 0.00 0.00
1,084,310.61
B-3 11,791.35 13,031.76 0.00 0.00
1,950,969.65
- -----------------------------------------------------------------
- --------------
2,930,473.24 4,243,150.10 0.00 0.00
432,479,745.94
=================================================================
==============
Run: 01/26/98 10:46:47
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 1000.000000 4.097465 6.040003 10.137468 0.000000
995.902535
A-2 1000.000000 10.997119 6.040002 17.037121 0.000000
989.002881
A-3 1000.000000 0.000000 6.040002 6.040002 0.000000
1000.000000
A-4 1000.000000 0.000000 6.040001 6.040001 0.000000
1000.000000
A-5 1000.000000 0.000000 6.040003 6.040003 0.000000
1000.000000
A-6 1000.000000 0.000000 6.040003 6.040003 0.000000
1000.000000
A-7 1000.000000 0.635385 6.040002 6.675387 0.000000
999.364615
A-8 1000.000000 22.168887 6.040003 28.208890 0.000000
977.831113
A-9 1000.000000 0.000000 5.831727 5.831727 0.000000
1000.000000
A-11 1000.000000 3.227694 0.000000 3.227694 0.000000
996.772306
A-15 1000.000000 4.097465 5.831727 9.929192 0.000000
995.902535
A-16 1000.000000 4.097465 8.331038 12.428503 0.000000
995.902535
A-17 1000.000000 0.917830 0.000000 0.917830 0.000000
999.082171
R-I 1000.000000 000.000000 6.000000 1006.000000 0.000000
0.000000
R-II 1000.000000 000.000000 6.000000 1006.000000 0.000000
0.000000
M-1 1000.000000 0.635385 6.040002 6.675387 0.000000
999.364616
M-2 1000.000000 0.635385 6.040004 6.675389 0.000000
999.364615
M-3 1000.000000 0.635385 6.040003 6.675388 0.000000
999.364615
B-1 1000.000000 0.635386 6.040004 6.675390 0.000000
999.364614
B-2 1000.000000 0.635382 6.040000 6.675382 0.000000
999.364618
B-3 1000.000000 0.635382 6.040001 6.675383 0.000000
999.364611
_________________________________________________________________
______________
DETERMINATION DATE 20-January-98
DISTRIBUTION DATE 26-January-98
Run: 01/26/98 10:46:47
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
90,402.01
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
10,208.01
SUBSERVICER ADVANCES THIS MONTH
68,778.65
MASTER SERVICER ADVANCES THIS MONTH
0.00
NUMBER
OF PRINCIPAL
DELINQUENCIES: LOANS
BALANCE
(A) ONE MONTHLY PAYMENT: 87
9,154,245.76
(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
432,479,745.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE
3,643
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
1,037,029.65
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M
CLASS B
CURRENT DISTRIBUTION 92.24744710 % 6.50196700 %
1.25058630 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 %
0.00000000 %
NEXT DISTRIBUTION 92.22885180 % 6.51546921 %
1.25358590 %
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
8.38924894
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
0.00
POOL TRADING FACTOR:
99.69739516
.................................................................
...............
