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)
July 25, 1998
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in it's charter)
33-95932, 333-8733, 333-33493
333-48327 51-0368240
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the July 1998 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
<PAGE>
Master Serviced by Residential Funding Corporation
1995-QS1 1996-QS1 1996-QS2 1996-QS3 1996-QS4 1996-QS5 1996-QS7 1996-QS8
1997-QS1 1997-QS2 1997-QS3 1997-QS4 1997-QS5 1997-QS6 1997-QS7 1997-QS8
1997-QS9 1997-QS10 1997-QS11 1997-QS12 1997-QS13 1998-QS1 1998-QS2 1998-QS3GR1
1998-QS4 1998-QS5 1998-QS6 1998-QS8 1998-QS7 1998-QS10
Item 7. Financial Statements and Exhibits (a) Not applicable (b) Not applicable
(c) See Item 5.
SIGNATURES
Pursuant to the requirements of the Securities ExchangeAct of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: July 25, 1998
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities ExchangeAct of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
Dated: July 25, 1998
<PAGE>
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-QS1(POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4180
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FAA1 54,500,000.00 0.00 6.600000 % 0.00
A-2 76110FAB9 82,500,000.00 14,399,456.89 6.900000 % 5,784,503.14
A-3 76110FAC7 22,250,000.00 22,250,000.00 7.300000 % 0.00
A-4 76110FAD5 46,000,000.00 46,000,000.00 7.500000 % 0.00
A-5 76110FAE3 22,100,000.00 22,100,000.00 7.500000 % 0.00
A-6 76110FAF0 31,109,000.00 31,109,000.00 7.500000 % 0.00
R 514.42 2,319,471.03 0.000000 % 0.00
- - -------------------------------------------------------------------------------
258,459,514.42 138,177,927.92 5,784,503.14
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 82,796.88 5,867,300.02 0.00 0.00 8,614,953.75
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 171,882.05 171,882.05 6,664.60 0.00 2,326,135.63
- - -------------------------------------------------------------------------------
1,010,089.35 6,794,592.49 6,664.60 0.00 132,400,089.38
===============================================================================
_______________________________________________________________________________
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-2 174.538871 70.115190 1.003599 71.118789 0.000000 104.423682
A-3 1000.000000 0.000000 6.083333 6.083333 0.000000 1000.000000
A-4 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4180
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 27,986.69
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 432.69
SUBSERVICER ADVANCES THIS MONTH 78,622.00
MASTER SERVICER ADVANCES THIS MONTH 8,194.97
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 65 5,173,560.72
(B) TWO MONTHLY PAYMENTS: 4 411,030.95
(C) THREE OR MORE MONTHLY PAYMENTS: 1 107,012.70
FORECLOSURES
NUMBER OF LOANS 26
AGGREGATE PRINCIPAL BALANCE 3,516,159.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 132,400,089.38
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,537
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 1,009,417.42
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,536,618.03
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.32138820 % 1.67861180 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.24310120 % 1.75689880 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.32885739
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 294.15
POOL TRADING FACTOR: 51.22662622
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS1(POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4194
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FAG8 52,015,000.00 0.00 6.000000 % 0.00
A-I-2 76110FAH6 67,186,000.00 17,636,942.36 6.250000 % 3,951,733.45
A-I-3 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
A-I-4 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I-5 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I-6 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I-7 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 12,855,059.89 6.090000 % 725,614.84
R 0.53 2,026,594.48 0.000000 % 0.00
- - -------------------------------------------------------------------------------
255,942,104.53 139,884,732.73 4,677,348.29
===============================================================================
_______________________________________________________________________________
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 91,859.07 4,043,592.52 0.00 0.00 13,685,208.91
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 65,239.43 790,854.27 0.00 0.00 12,129,445.05
R 223,852.92 223,852.92 0.00 0.00 2,026,594.48
- - -------------------------------------------------------------------------------
999,341.67 5,676,689.96 0.00 0.00 135,207,384.44
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 262.509189 58.817811 1.367235 60.185046 0.000000 203.691378
A-I-3 1000.000000 0.000000 5.625000 5.625000 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I-7 1000.000000 0.000000 5.583334 5.583334 0.000000 1000.000000
A-II 437.619537 24.701809 2.220919 26.922728 0.000000 412.917728
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4194
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 29,406.35
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 63,260.72
MASTER SERVICER ADVANCES THIS MONTH 19,934.88
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 3,450,072.44
(B) TWO MONTHLY PAYMENTS: 6 472,234.45
(C) THREE OR MORE MONTHLY PAYMENTS: 3 382,540.77
FORECLOSURES
NUMBER OF LOANS 17
AGGREGATE PRINCIPAL BALANCE 3,432,739.77
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 135,207,384.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,217
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 9
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,469,165.18
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,269,768.85
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 263,322.90
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.55123970 % 1.44876030 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.50112150 % 1.49887850 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,584,285.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,584,285.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.95962400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 304.26
POOL TRADING FACTOR: 52.82733167
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS2(POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4201
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FAS2 40,000,000.00 0.00 6.400000 % 0.00
A-2 76110FAT0 16,000,000.00 0.00 7.000000 % 0.00
A-3 76110FAU7 28,500,000.00 22,184,646.66 7.050000 % 4,614,400.61
A-4 76110FAV5 15,000,000.00 15,000,000.00 7.050000 % 0.00
A-5 76110FAW3 14,000,000.00 14,000,000.00 7.350000 % 0.00
A-6 76110FAX1 10,000,000.00 10,000,000.00 7.450000 % 0.00
A-7 76110FAY9 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-8 76110FAZ6 14,043,411.00 14,043,411.00 7.500000 % 0.00
A-9 76110FBA0 18,190,000.00 18,190,000.00 7.500000 % 0.00
A-10 76110FBB8 178,007.00 132,598.60 0.000000 % 142.24
R 0.00 1,819,114.18 0.000000 % 0.00
- - -------------------------------------------------------------------------------
181,911,418.00 121,369,770.44 4,614,542.85
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 130,334.80 4,744,735.41 0.00 0.00 17,570,246.05
A-4 88,125.00 88,125.00 0.00 0.00 15,000,000.00
A-5 85,750.00 85,750.00 0.00 0.00 14,000,000.00
A-6 62,083.33 62,083.33 0.00 0.00 10,000,000.00
A-7 157,083.33 157,083.33 0.00 0.00 26,000,000.00
A-8 87,771.32 87,771.32 0.00 0.00 14,043,411.00
A-9 113,687.50 113,687.50 0.00 0.00 18,190,000.00
A-10 0.00 142.24 0.00 0.00 132,456.36
R 114,761.95 114,761.95 0.00 0.00 1,819,114.18
- - -------------------------------------------------------------------------------
839,597.23 5,454,140.08 0.00 0.00 116,755,227.59
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 778.408655 161.908793 4.573151 166.481944 0.000000 616.499861
A-4 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.125000 6.125000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.208333 6.208333 0.000000 1000.000000
A-7 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-8 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-9 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-10 744.906661 0.799070 0.000000 0.799070 0.000000 744.107591
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS2 (POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4201
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 24,793.33
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 51,033.33
MASTER SERVICER ADVANCES THIS MONTH 6,347.14
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 3,503,715.15
(B) TWO MONTHLY PAYMENTS: 6 1,067,533.04
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,831,259.08
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 116,755,227.59
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,186
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 831,109.73
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,491,267.07
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.50118020 % 1.49881980 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.44194200 % 1.55805800 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78320562
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 309.44
POOL TRADING FACTOR: 64.18246247
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3(POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FBC6 42,855,000.00 0.00 6.780000 % 0.00
A-I-2 76110FBD4 26,000,000.00 0.00 7.150000 % 0.00
A-I-3 76110FBE2 10,596,000.00 7,839,444.07 7.290000 % 2,580,637.36
A-I-4 76110FBF9 25,000,000.00 13,915,087.21 7.250000 % 4,580,655.67
A-I-5 76110FBG7 18,587,000.00 18,587,000.00 7.460000 % 0.00
A-I-6 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I-7 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I-8 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I-9 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I-10 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I-11 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 15,073,552.48 7.750000 % 234,200.61
A-P 76110FBQ5 1,166,695.86 946,548.29 0.000000 % 6,992.78
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 12,230,453.97 7.750000 % 12,010.06
M-2 76110FBU6 5,568,000.00 5,435,540.36 7.750000 % 5,337.59
M-3 76110FBV4 4,176,000.00 4,076,655.28 7.750000 % 4,003.19
B-1 1,809,600.00 1,766,550.61 7.750000 % 1,734.72
B-2 696,000.00 679,442.54 7.750000 % 667.20
B-3 1,670,738.96 1,552,263.24 7.750000 % 1,524.29
SPRED 0.00 0.00 0.705572 % 0.00
A-V 7611OFHY2 0.00 0.00 0.000000 % 0.00
- - -------------------------------------------------------------------------------
278,404,734.82 189,302,100.05 7,427,763.47
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 0.00 0.00 0.00 0.00 0.00
A-I-3 47,334.69 2,627,972.05 0.00 0.00 5,258,806.71
A-I-4 83,558.51 4,664,214.18 0.00 0.00 9,334,431.54
A-I-5 114,845.74 114,845.74 0.00 0.00 18,587,000.00
A-I-6 139,266.97 139,266.97 0.00 0.00 21,696,000.00
A-I-7 51,653.82 51,653.82 0.00 0.00 8,047,000.00
A-I-8 111,921.97 111,921.97 0.00 0.00 17,436,000.00
A-I-9 161,406.16 161,406.16 0.00 0.00 25,145,000.00
A-I-10 121,961.30 121,961.30 0.00 0.00 19,000,000.00
A-I-11 101,905.49 101,905.49 0.00 0.00 15,875,562.00
A-II 96,757.38 330,957.99 0.00 0.00 14,839,351.87
A-P 0.00 6,992.78 0.00 0.00 939,555.51
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 78,507.48 90,517.54 0.00 0.00 12,218,443.91
M-2 34,890.82 40,228.41 0.00 0.00 5,430,202.77
M-3 26,168.12 30,171.31 0.00 0.00 4,072,652.09
B-1 11,339.51 13,074.23 0.00 0.00 1,764,815.89
B-2 4,361.36 5,028.56 0.00 0.00 678,775.34
B-3 9,964.00 11,488.29 0.00 0.00 1,490,551.47
SPRED 110,627.67 110,627.67 0.00 0.00 0.00
A-V 13,213.99 13,213.99 0.00 0.00 0.00
- - -------------------------------------------------------------------------------
1,319,684.98 8,747,448.45 0.00 0.00 181,814,149.10
===============================================================================
Run: 08/03/98 12:06:03
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-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 739.849384 243.548260 4.467223 248.015483 0.000000 496.301124
A-I-4 556.603488 183.226227 3.342340 186.568567 0.000000 373.377262
A-I-5 1000.000000 0.000000 6.178821 6.178821 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.419016 6.419016 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.419016 6.419016 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.419016 6.419016 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.419016 6.419016 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.419016 6.419016 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.419016 6.419016 0.000000 1000.000000
A-II 733.454879 11.395826 4.708059 16.103885 0.000000 722.059054
A-P 811.306805 5.993657 0.000000 5.993657 0.000000 805.313147
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 976.210558 0.958619 6.266311 7.224930 0.000000 975.251938
M-2 976.210553 0.958619 6.266311 7.224930 0.000000 975.251934
M-3 976.210556 0.958618 6.266312 7.224930 0.000000 975.251937
B-1 976.210549 0.958621 6.266307 7.224928 0.000000 975.251929
B-2 976.210546 0.958621 6.266322 7.224943 0.000000 975.251925
B-3 929.087833 0.912345 5.963828 6.876173 0.000000 892.151019
SPRED 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:06:05 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 38,927.58
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 56,781.72
MASTER SERVICER ADVANCES THIS MONTH 190.84
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 4,245,279.95
(B) TWO MONTHLY PAYMENTS: 8 962,734.01
(C) THREE OR MORE MONTHLY PAYMENTS: 1 148,498.59
FORECLOSURES
NUMBER OF LOANS 18
AGGREGATE PRINCIPAL BALANCE 1,796,609.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 181,814,149.10
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,783
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 23,075.34
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,087,419.83
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.90218790 % 11.48568900 % 2.11210360 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 85.81589540 % 11.94697931 % 2.17506650 %
BANKRUPTCY AMOUNT AVAILABLE 164,142.00
FRAUD AMOUNT AVAILABLE 1,819,704.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,939,378.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.73856100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 308.94
POOL TRADING FACTOR: 65.30569576
................................................................................
Run: 08/03/98 12:06:07 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4(POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FBW2 45,914,000.00 0.00 6.850000 % 0.00
A-I-2 76110FBX0 26,945,000.00 6,271,245.74 11.000000 % 649,149.93
A-I-3 76110FBY8 15,646,000.00 0.00 7.300000 % 0.00
A-I-4 76110FBZ5 32,740,000.00 31,613,543.23 7.500000 % 3,894,661.64
A-I-5 76110FCA9 10,023,000.00 10,023,000.00 7.700000 % 0.00
A-I-6 76110FCB7 26,811,000.00 26,811,000.00 8.000000 % 0.00
A-I-7 76110FCC5 18,046,000.00 18,046,000.00 8.000000 % 0.00
A-I-8 76110FCD3 9,094,000.00 9,094,000.00 8.000000 % 0.00
A-I-9 76110FCE1 10,284,000.00 10,284,000.00 8.000000 % 0.00
A-I-10 76110FCF8 27,538,000.00 27,538,000.00 7.900000 % 0.00
A-II-1 76110FCG6 16,021,000.00 9,028,697.02 7.250000 % 1,133,852.17
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,390,763.44 0.000000 % 82,587.09
A-V 76110FGN7 0.00 0.00 0.754579 % 0.00
R-I 76110FCK7 100.00 0.00 8.000000 % 0.00
R-II 76110FCL5 100.00 0.00 8.000000 % 0.00
M-1 76110FCM3 13,230,500.00 12,940,065.45 8.000000 % 14,113.92
M-2 76110FCN1 5,570,800.00 5,448,510.37 8.000000 % 5,942.77
M-3 76110FCP6 4,456,600.00 4,358,769.19 8.000000 % 4,754.17
B-1 76110FCR2 2,228,400.00 2,179,482.40 8.000000 % 2,377.19
B-2 76110FCS0 696,400.00 681,112.69 8.000000 % 742.90
B-3 76110FCT8 1,671,255.97 1,143,900.81 8.000000 % 1,247.62
STRIP 0.00 0.00 0.134634 % 0.00
- - -------------------------------------------------------------------------------
278,535,793.96 186,432,090.34 5,789,429.40
===============================================================================
_______________________________________________________________________________
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 57,441.05 706,590.98 0.00 0.00 5,622,095.81
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 197,428.71 4,092,090.35 0.00 0.00 27,718,881.59
A-I-5 64,263.49 64,263.49 0.00 0.00 10,023,000.00
A-I-6 178,598.94 178,598.94 0.00 0.00 26,811,000.00
A-I-7 120,211.72 120,211.72 0.00 0.00 18,046,000.00
A-I-8 60,578.82 60,578.82 0.00 0.00 9,094,000.00
A-I-9 68,505.89 68,505.89 0.00 0.00 10,284,000.00
A-I-10 181,148.75 181,148.75 0.00 0.00 27,538,000.00
A-II-1 54,505.33 1,188,357.50 0.00 0.00 7,894,844.85
A-II-2 54,654.33 54,654.33 0.00 0.00 8,580,000.00
A-P 0.00 82,587.09 0.00 0.00 2,308,176.35
A-V 117,138.87 117,138.87 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 86,199.02 100,312.94 0.00 0.00 12,925,951.53
M-2 36,294.73 42,237.50 0.00 0.00 5,442,567.60
M-3 29,035.53 33,789.70 0.00 0.00 4,354,015.02
B-1 14,518.41 16,895.60 0.00 0.00 2,177,105.21
B-2 4,537.17 5,280.07 0.00 0.00 680,369.79
B-3 7,619.99 8,867.61 0.00 0.00 1,112,684.27
STRIP 10,431.98 10,431.98 0.00 0.00 0.00
- - -------------------------------------------------------------------------------
1,343,112.73 7,132,542.13 0.00 0.00 180,612,692.02
===============================================================================
Run: 08/03/98 12:06:07
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4(POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 232.742466 24.091666 2.131789 26.223455 0.000000 208.650800
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 965.593868 118.957289 6.030199 124.987488 0.000000 846.636579
A-I-5 1000.000000 0.000000 6.411602 6.411602 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.661405 6.661405 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.661405 6.661405 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.661405 6.661405 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.661405 6.661405 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.578137 6.578137 0.000000 1000.000000
A-II-1 563.553899 70.772871 3.402118 74.174989 0.000000 492.781028
A-II-2 1000.000000 0.000000 6.369969 6.369969 0.000000 1000.000000
A-P 786.529004 27.170042 0.000000 27.170042 0.000000 759.358962
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 978.048105 1.066771 6.515175 7.581946 0.000000 976.981333
M-2 978.048103 1.066771 6.515174 7.581945 0.000000 976.981331
M-3 978.048106 1.066771 6.515175 7.581946 0.000000 976.981336
B-1 978.048106 1.066770 6.515172 7.581942 0.000000 976.981336
B-2 978.048090 1.066772 6.515178 7.581950 0.000000 976.981318
B-3 684.455781 0.746516 4.559439 5.305955 0.000000 665.777290
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:06:09 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 38,332.39
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 64,014.43
MASTER SERVICER ADVANCES THIS MONTH 746.51
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 5,298,253.01
(B) TWO MONTHLY PAYMENTS: 6 483,524.10
(C) THREE OR MORE MONTHLY PAYMENTS: 1 36,285.53
FORECLOSURES
NUMBER OF LOANS 14
AGGREGATE PRINCIPAL BALANCE 1,820,892.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 180,612,692.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,917
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 94,243.12
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,478,746.58
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.36824680 % 12.20141100 % 2.14796490 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.02971540 % 12.58080697 % 2.22661730 %
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 8.98280100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 301.98
POOL TRADING FACTOR: 64.84362008
................................................................................
Run: 08/03/98 12:06:11 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-1 76110FCU5 23,848,000.00 5,351,183.29 9.500000 % 865,253.66
A-I-2 76110FCV3 25,000,000.00 9,079,744.63 7.600000 % 1,069,385.69
A-I-3 76110FCW1 12,373,000.00 0.00 6.650000 % 0.00
A-I-4 76110FCX9 7,100,000.00 0.00 7.450000 % 0.00
A-I-5 76110FCY7 10,137,000.00 8,213,669.07 7.600000 % 2,175,905.81
A-I-6 76110FCZ4 5,558,000.00 5,558,000.00 7.800000 % 0.00
A-I-7 76110FDA8 16,926,000.00 16,926,000.00 8.000000 % 0.00
A-I-8 76110FDB6 6,884,000.00 6,884,000.00 8.000000 % 0.00
A-I-9 76110FDC4 11,229,000.00 11,229,000.00 8.000000 % 0.00
A-I-10 76110FDD2 22,501,000.00 22,501,000.00 8.000000 % 0.00
A-II-1 76110FDE0 11,162,000.00 6,873,250.67 8.000000 % 723,570.80
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 870,862.56 0.000000 % 3,667.84
A-V 76110FGP2 0.00 0.00 0.864915 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,760,250.84 8.000000 % 7,973.24
M-2 76110FDK6 3,958,800.00 3,879,684.44 8.000000 % 3,986.17
M-3 76110FDL4 2,815,100.00 2,758,840.97 8.000000 % 2,834.56
B-1 76110FDM2 1,407,600.00 1,379,469.48 8.000000 % 1,417.33
B-2 76110FDN0 439,800.00 431,010.72 8.000000 % 442.84
B-3 76110FDP5 1,055,748.52 998,124.67 8.000000 % 1,025.52
- - -------------------------------------------------------------------------------
175,944,527.21 115,219,091.34 4,855,463.46
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 41,758.58 907,012.24 0.00 0.00 4,485,929.63
A-I-2 56,683.87 1,126,069.56 0.00 0.00 8,010,358.94
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 51,277.05 2,227,182.86 0.00 0.00 6,037,763.26
A-I-6 35,611.10 35,611.10 0.00 0.00 5,558,000.00
A-I-7 111,228.64 111,228.64 0.00 0.00 16,926,000.00
A-I-8 45,237.97 45,237.97 0.00 0.00 6,884,000.00
A-I-9 73,791.00 73,791.00 0.00 0.00 11,229,000.00
A-I-10 147,864.57 147,864.57 0.00 0.00 22,501,000.00
A-II-1 45,167.33 768,738.13 0.00 0.00 6,149,679.87
A-II-2 29,735.89 29,735.89 0.00 0.00 4,525,000.00
A-P 0.00 3,667.84 0.00 0.00 867,194.72
A-V 81,859.68 81,859.68 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 50,996.23 58,969.47 0.00 0.00 7,752,277.60
M-2 25,495.21 29,481.38 0.00 0.00 3,875,698.27
M-3 18,129.63 20,964.19 0.00 0.00 2,756,006.41
B-1 9,065.13 10,482.46 0.00 0.00 1,378,052.15
B-2 2,832.37 3,275.21 0.00 0.00 430,567.88
B-3 6,559.14 7,584.66 0.00 0.00 997,099.13
- - -------------------------------------------------------------------------------
833,293.39 5,688,756.85 0.00 0.00 110,363,627.86
===============================================================================
Run: 08/03/98 12:06:11
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-1 224.387089 36.282022 1.751031 38.033053 0.000000 188.105067
A-I-2 363.189785 42.775428 2.267355 45.042783 0.000000 320.414358
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 810.266259 214.649878 5.058405 219.708283 0.000000 595.616382
A-I-6 1000.000000 0.000000 6.407179 6.407179 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.571466 6.571466 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.571466 6.571466 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.571467 6.571467 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.571467 6.571467 0.000000 1000.000000
A-II-1 615.772323 64.824476 4.046527 68.871003 0.000000 550.947847
A-II-2 1000.000000 0.000000 6.571467 6.571467 0.000000 1000.000000
A-P 787.484710 3.316677 0.000000 3.316677 0.000000 784.168033
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 980.015260 1.006913 6.440138 7.447051 0.000000 979.008348
M-2 980.015267 1.006914 6.440136 7.447050 0.000000 979.008354
M-3 980.015264 1.006913 6.440137 7.447050 0.000000 979.008351
B-1 980.015260 1.006912 6.440132 7.447044 0.000000 979.008348
B-2 980.015280 1.006912 6.440132 7.447044 0.000000 979.008367
B-3 945.418962 0.971368 6.212786 7.184154 0.000000 944.447578
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:06:13 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 23,312.36
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 55,127.79
MASTER SERVICER ADVANCES THIS MONTH 998.04
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 4,017,111.25
(B) TWO MONTHLY PAYMENTS: 5 984,325.48
(C) THREE OR MORE MONTHLY PAYMENTS: 1 35,714.19
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,482,017.29
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 110,363,627.86
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,171
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 126,262.03
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,731,210.66
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.30968040 % 12.49686700 % 2.43762110 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.30113110 % 13.03326337 % 2.56238410 %
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 9.13150800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 307.08
POOL TRADING FACTOR: 62.72637723
................................................................................
Run: 08/03/98 12:06:16 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7(POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FDQ3 20,106,154.00 0.00 7.050000 % 0.00
A-I-2 76110FDR1 43,322,483.00 11,328,566.10 6.056250 % 1,546,553.11
A-I-3 76110FDS9 0.00 0.00 2.943750 % 0.00
A-I-4 76110FDT7 13,330,948.00 664,070.72 7.125000 % 664,070.72
A-I-5 76110FDU4 24,973,716.00 20,449,832.06 7.600000 % 2,413,728.28
A-I-6 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I-7 76110FDW0 1,000,000.00 1,000,000.00 7.700000 % 0.00
A-I-8 76110FDX8 9,539,699.00 9,539,699.00 7.700000 % 0.00
A-I-9 76110FDY6 22,526,000.00 22,526,000.00 8.000000 % 0.00
A-I-10 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I-11 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I-12 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 14,799,772.21 8.000000 % 303,995.19
A-P 76110FED1 601,147.92 466,859.88 0.000000 % 6,119.59
A-V 76110FGQ0 0.00 0.00 0.805960 % 0.00
R-I 76110FEE9 100.00 0.00 8.000000 % 0.00
R-II 76110FEF6 100.00 0.00 8.000000 % 0.00
M-1 76110FEG4 9,114,600.00 8,964,157.30 8.000000 % 8,956.95
M-2 76110FEH2 5,126,400.00 5,041,785.27 8.000000 % 5,037.73
M-3 76110FEJ8 3,645,500.00 3,585,328.51 8.000000 % 3,582.45
B-1 1,822,700.00 1,792,615.10 8.000000 % 1,791.17
B-2 569,600.00 560,198.38 8.000000 % 559.75
B-3 1,366,716.75 1,307,714.69 8.000000 % 1,306.66
- - -------------------------------------------------------------------------------
227,839,864.67 152,716,599.22 4,955,701.60
===============================================================================
_______________________________________________________________________________
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 57,002.50 1,603,555.61 0.00 0.00 9,782,012.99
A-I-3 27,707.10 27,707.10 0.00 0.00 0.00
A-I-4 3,931.10 668,001.82 0.00 0.00 0.00
A-I-5 129,127.42 2,542,855.70 0.00 0.00 18,036,103.78
A-I-6 493.80 493.80 0.00 0.00 0.00
A-I-7 6,397.44 6,397.44 0.00 0.00 1,000,000.00
A-I-8 61,029.61 61,029.61 0.00 0.00 9,539,699.00
A-I-9 149,723.24 149,723.24 0.00 0.00 22,526,000.00
A-I-10 77,433.89 77,433.89 0.00 0.00 11,650,000.00
A-I-11 202,198.83 202,198.83 0.00 0.00 30,421,000.00
A-I-12 57,287.78 57,287.78 0.00 0.00 8,619,000.00
A-II 98,369.44 402,364.63 0.00 0.00 14,495,777.02
A-P 0.00 6,119.59 0.00 0.00 460,740.29
A-V 102,262.10 102,262.10 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 59,581.94 68,538.89 0.00 0.00 8,955,200.35
M-2 33,511.16 38,548.89 0.00 0.00 5,036,747.54
M-3 23,830.55 27,413.00 0.00 0.00 3,581,746.06
B-1 11,914.95 13,706.12 0.00 0.00 1,790,823.93
B-2 3,723.47 4,283.22 0.00 0.00 559,638.63
B-3 8,691.97 9,998.63 0.00 0.00 1,306,408.01
- - -------------------------------------------------------------------------------
1,114,218.29 6,069,919.89 0.00 0.00 147,760,897.60
===============================================================================
Run: 08/03/98 12:06:16
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7(POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 261.493925 35.698626 1.315772 37.014398 0.000000 225.795299
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 49.814216 49.814216 0.294885 50.109101 0.000000 0.000000
A-I-5 818.854193 96.650746 5.170533 101.821279 0.000000 722.203447
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 1000.000000 0.000000 6.397440 6.397440 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.397436 6.397436 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.646686 6.646686 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.646686 6.646686 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.646686 6.646686 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.646685 6.646685 0.000000 1000.000000
A-II 736.160576 15.121130 4.893028 20.014158 0.000000 721.039446
A-P 776.613982 10.179846 0.000000 10.179846 0.000000 766.434136
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 983.494317 0.982704 6.536978 7.519682 0.000000 982.511613
M-2 983.494318 0.982703 6.536977 7.519680 0.000000 982.511614
M-3 983.494311 0.982705 6.536977 7.519682 0.000000 982.511606
B-1 983.494322 0.982701 6.536978 7.519679 0.000000 982.511620
B-2 983.494347 0.982707 6.536991 7.519698 0.000000 982.511640
B-3 956.829343 0.956058 6.359745 7.315803 0.000000 955.873273
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:06:18 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 31,285.03
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 51,575.61
MASTER SERVICER ADVANCES THIS MONTH 1,972.19
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 4,657,050.47
(B) TWO MONTHLY PAYMENTS: 1 98,813.59
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 1,695,489.17
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 147,760,897.60
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,554
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 3
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 243,365.17
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,795,014.34
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.77845550 % 11.51889900 % 2.39694190 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.58686910 % 11.89333189 % 2.48259790 %
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 9.11171500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 308.65
POOL TRADING FACTOR: 64.85296057
................................................................................
Run: 08/03/98 13:26:28 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8(POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FEK5 4,000,000.00 2,147,468.70 7.400000 % 170,677.61
A-2 76110FEL3 4,074,824.00 359,544.20 7.300000 % 292,775.17
A-3 76110FEM1 13,128,206.00 13,128,206.00 7.050000 % 0.00
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 6,168,956.83 7.400000 % 696,983.35
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 18,930,953.95 6.156250 % 1,147,816.22
A-8 76110FES8 0.00 0.00 2.843750 % 0.00
A-9 76110FET6 32,965,000.00 4,322,977.57 0.000000 % 2,407,942.69
A-10 76110FEU3 20,953,719.00 20,332,072.24 7.400000 % 57,273.63
A-11 76110FEV1 13,975,000.00 13,975,000.00 7.750000 % 0.00
A-12 76110FEW9 2,000,000.00 2,000,000.00 7.750000 % 0.00
A-13 76110FEX7 20,646,958.00 20,646,958.00 7.750000 % 0.00
A-14 76110FEY5 115,824.70 94,432.74 0.000000 % 125.13
A-15 76110FGR8 0.00 0.00 0.903063 % 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 6,559,837.72 7.750000 % 4,604.13
M-2 76110FFC2 4,440,700.00 4,373,257.98 7.750000 % 3,069.44
M-3 76110FFD0 3,108,500.00 3,061,290.44 7.750000 % 2,148.62
B-1 1,509,500.00 1,486,574.85 7.750000 % 1,043.38
B-2 444,000.00 437,256.87 7.750000 % 306.90
B-3 1,154,562.90 1,079,108.74 7.750000 % 757.38
- - -------------------------------------------------------------------------------
177,623,205.60 125,469,544.83 4,785,523.65
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 13,157.59 183,835.20 0.00 0.00 1,976,791.09
A-2 2,173.17 294,948.34 0.00 0.00 66,769.03
A-3 76,632.40 76,632.40 0.00 0.00 13,128,206.00
A-4 22,757.41 22,757.41 0.00 0.00 3,765,148.00
A-5 37,797.35 734,780.70 0.00 0.00 5,471,973.48
A-6 15,933.33 15,933.33 0.00 0.00 2,600,500.00
A-7 96,495.41 1,244,311.63 0.00 0.00 17,783,137.73
A-8 44,574.02 44,574.02 0.00 0.00 0.00
A-9 26,348.19 2,434,290.88 0.00 0.00 1,915,034.88
A-10 124,575.11 181,848.74 0.00 0.00 20,274,798.61
A-11 89,675.01 89,675.01 0.00 0.00 13,975,000.00
A-12 12,833.64 12,833.64 0.00 0.00 2,000,000.00
A-13 132,487.74 132,487.74 0.00 0.00 20,646,958.00
A-14 0.00 125.13 0.00 0.00 94,307.61
A-15 93,815.37 93,815.37 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 42,093.28 46,697.41 0.00 0.00 6,555,233.59
M-2 28,062.40 31,131.84 0.00 0.00 4,370,188.54
M-3 19,643.73 21,792.35 0.00 0.00 3,059,141.82
B-1 9,539.08 10,582.46 0.00 0.00 1,485,531.47
B-2 2,805.80 3,112.70 0.00 0.00 436,949.97
B-3 6,924.44 7,681.82 0.00 0.00 1,078,351.36
- - -------------------------------------------------------------------------------
898,324.47 5,683,848.12 0.00 0.00 120,684,021.18
===============================================================================
Run: 08/03/98 13:26:28
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-1 536.867175 42.669402 3.289398 45.958800 0.000000 494.197773
A-2 88.235516 71.849771 0.533316 72.383087 0.000000 16.385746
A-3 1000.000000 0.000000 5.837233 5.837233 0.000000 1000.000000
A-4 1000.000000 0.000000 6.044227 6.044227 0.000000 1000.000000
A-5 587.519698 66.379366 3.599748 69.979114 0.000000 521.140332
A-6 1000.000000 0.000000 6.127026 6.127026 0.000000 1000.000000
A-7 599.468522 36.346805 3.055628 39.402433 0.000000 563.121717
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 131.138406 73.045433 0.799278 73.844711 0.000000 58.092974
A-10 970.332390 2.733340 5.945251 8.678591 0.000000 967.599051
A-11 1000.000000 0.000000 6.416816 6.416816 0.000000 1000.000000
A-12 1000.000000 0.000000 6.416820 6.416820 0.000000 1000.000000
A-13 1000.000000 0.000000 6.416816 6.416816 0.000000 1000.000000
A-14 815.307443 1.080340 0.000000 1.080340 0.000000 814.227104
A-15 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 984.812749 0.691207 6.319363 7.010570 0.000000 984.121542
M-2 984.812750 0.691206 6.319364 7.010570 0.000000 984.121544
M-3 984.812752 0.691208 6.319360 7.010568 0.000000 984.121544
B-1 984.812753 0.691209 6.319364 7.010573 0.000000 984.121544
B-2 984.812770 0.691216 6.319369 7.010585 0.000000 984.121554
B-3 934.646991 0.655997 5.997456 6.653453 0.000000 933.991003
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 13:26:30 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 25,588.33
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 52,295.16
MASTER SERVICER ADVANCES THIS MONTH 1,166.06
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 3,982,818.79
(B) TWO MONTHLY PAYMENTS: 2 246,323.65
(C) THREE OR MORE MONTHLY PAYMENTS: 2 230,929.18
FORECLOSURES
NUMBER OF LOANS 21
AGGREGATE PRINCIPAL BALANCE 2,025,792.64
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 120,684,021.19
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,226
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 147,555.34
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,697,405.98
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.44282240 % 11.16201300 % 2.39516470 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.91472170 % 11.58775106 % 2.48846500 %
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 8.97567183
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.16
POOL TRADING FACTOR: 67.94383695
................................................................................
Run: 08/03/98 12:03:37 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1(POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4237
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FFE8 33,258,000.00 0.00 6.750000 % 0.00
A-2 76110FFF5 10,146,000.00 1,073,963.89 6.750000 % 944,877.95
A-3 76110FFG3 24,816,000.00 19,517,847.65 6.750000 % 4,015,731.17
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 21,305,605.96 11.000000 % 1,062,987.63
A-7 76110FFL2 17,652,000.00 17,652,000.00 6.750000 % 0.00
A-8 76110FFM0 5,655,589.00 5,655,589.00 6.750000 % 0.00
A-9 76110FFN8 19,068,000.00 19,068,000.00 6.750000 % 0.00
A-10 76110FFP3 10,267,765.00 10,267,765.00 6.750000 % 0.00
A-11 76110FFQ1 47,506,000.00 47,506,000.00 7.500000 % 0.00
A-12 76110FFR9 212,947.62 165,392.93 0.000000 % 217.38
A-13 76110FFS7 0.00 0.00 0.950391 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,272,155.21 7.500000 % 6,395.61
M-2 76110FFW8 6,251,000.00 6,181,107.21 7.500000 % 4,263.52
M-3 76110FFW8 4,375,700.00 4,326,775.03 7.500000 % 2,984.46
B-1 1,624,900.00 1,606,731.90 7.500000 % 1,108.27
B-2 624,800.00 617,814.08 7.500000 % 426.15
B-3 1,500,282.64 1,475,221.43 7.500000 % 1,017.53
- - -------------------------------------------------------------------------------
250,038,730.26 191,882,969.29 6,040,009.67
===============================================================================
_______________________________________________________________________________
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 6,018.76 950,896.71 0.00 0.00 129,085.94
A-3 109,382.73 4,125,113.90 0.00 0.00 15,502,116.48
A-4 89,320.40 89,320.40 0.00 0.00 15,938,000.00
A-5 57,460.29 57,460.29 0.00 0.00 10,253,000.00
A-6 194,580.65 1,257,568.28 0.00 0.00 20,242,618.33
A-7 98,926.07 98,926.07 0.00 0.00 17,652,000.00
A-8 31,695.29 31,695.29 0.00 0.00 5,655,589.00
A-9 106,861.68 106,861.68 0.00 0.00 19,068,000.00
A-10 57,543.04 57,543.04 0.00 0.00 10,267,765.00
A-11 295,816.77 295,816.77 0.00 0.00 47,506,000.00
A-12 0.00 217.38 0.00 0.00 165,175.55
A-13 151,409.11 151,409.11 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,737.11 64,132.72 0.00 0.00 9,265,759.60
M-2 38,489.35 42,752.87 0.00 0.00 6,176,843.69
M-3 26,942.54 29,927.00 0.00 0.00 4,323,790.57
B-1 10,005.01 11,113.28 0.00 0.00 1,605,623.63
B-2 3,847.09 4,273.24 0.00 0.00 617,387.93
B-3 9,186.10 10,203.63 0.00 0.00 1,474,203.90
- - -------------------------------------------------------------------------------
1,345,221.99 7,385,231.66 0.00 0.00 185,842,959.62
===============================================================================
Run: 08/03/98 12:03:37
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1(POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4237
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 105.850965 93.128124 0.593215 93.721339 0.000000 12.722841
A-3 786.502565 161.820244 4.407750 166.227994 0.000000 624.682321
A-4 1000.000000 0.000000 5.604241 5.604241 0.000000 1000.000000
A-5 1000.000000 0.000000 5.604242 5.604242 0.000000 1000.000000
A-6 676.118473 33.733167 6.174881 39.908048 0.000000 642.385305
A-7 1000.000000 0.000000 5.604241 5.604241 0.000000 1000.000000
A-8 1000.000000 0.000000 5.604242 5.604242 0.000000 1000.000000
A-9 1000.000000 0.000000 5.604242 5.604242 0.000000 1000.000000
A-10 1000.000000 0.000000 5.604242 5.604242 0.000000 1000.000000
A-11 1000.000000 0.000000 6.226935 6.226935 0.000000 1000.000000
A-12 776.683628 1.020814 0.000000 1.020814 0.000000 775.662813
A-13 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 988.818941 0.682053 6.157312 6.839365 0.000000 988.136888
M-2 988.818943 0.682054 6.157311 6.839365 0.000000 988.136889
M-3 988.818939 0.682053 6.157310 6.839363 0.000000 988.136886
B-1 988.818943 0.682054 6.157308 6.839362 0.000000 988.136888
B-2 988.818950 0.682058 6.157314 6.839372 0.000000 988.136892
B-3 983.295674 0.678239 6.122913 6.801152 0.000000 982.617449
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:03:38 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 39,503.15
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 38,727.20
MASTER SERVICER ADVANCES THIS MONTH 2,191.08
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,057,367.13
(B) TWO MONTHLY PAYMENTS: 6 730,887.37
(C) THREE OR MORE MONTHLY PAYMENTS: 1 83,934.87
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,182,774.93
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 185,842,959.62
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 276,323.46
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,907,592.82
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.75292000 % 10.31727900 % 1.92980080 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.36326510 % 10.63607354 % 1.99119970 %
BANKRUPTCY AMOUNT AVAILABLE 182,005.00
FRAUD AMOUNT AVAILABLE 2,143,653.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,143,653.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.77369985
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.95
POOL TRADING FACTOR: 74.32566924
................................................................................
Run: 08/03/98 12:03:44 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 19,802,429.99 9.000000 % 1,224,045.66
A-2 76110FFZ1 37,000,000.00 12,621,392.24 7.250000 % 2,639,320.67
A-3 76110FGA5 5,200,000.00 5,200,000.00 7.250000 % 0.00
A-4 76110FGB3 18,200,000.00 18,200,000.00 7.250000 % 0.00
A-5 76110FGC1 10,000,000.00 6,113,255.94 7.250000 % 420,793.67
A-6 76110FGD9 7,371,430.00 7,371,430.00 7.250000 % 0.00
A-7 76110FGE7 10,400,783.00 10,400,783.00 7.750000 % 0.00
A-8 76110FGF4 31,000,000.00 31,000,000.00 7.750000 % 0.00
A-9 76110FGG2 130,561.76 114,456.90 0.000000 % 104.87
A-10 76110FGH0 0.00 0.00 0.728441 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,885,802.73 7.750000 % 3,373.26
M-2 76110FGL1 4,109,600.00 4,071,436.22 7.750000 % 2,811.00
M-3 76110FGM9 2,630,200.00 2,605,774.66 7.750000 % 1,799.08
B-1 1,068,500.00 1,058,577.37 7.750000 % 730.86
B-2 410,900.00 407,084.18 7.750000 % 281.06
B-3 821,738.81 814,107.79 7.750000 % 562.08
- - -------------------------------------------------------------------------------
164,383,983.57 124,666,531.02 4,293,822.21
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 147,675.14 1,371,720.80 0.00 0.00 18,578,384.33
A-2 75,821.38 2,715,142.05 0.00 0.00 9,982,071.57
A-3 31,238.33 31,238.33 0.00 0.00 5,200,000.00
A-4 109,334.14 109,334.14 0.00 0.00 18,200,000.00
A-5 36,724.59 457,518.26 0.00 0.00 5,692,462.27
A-6 44,282.91 44,282.91 0.00 0.00 7,371,430.00
A-7 66,790.41 66,790.41 0.00 0.00 10,400,783.00
A-8 199,071.83 199,071.83 0.00 0.00 31,000,000.00
A-9 0.00 104.87 0.00 0.00 114,352.03
A-10 75,247.30 75,247.30 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,375.02 34,748.28 0.00 0.00 4,882,429.47
M-2 26,145.43 28,956.43 0.00 0.00 4,068,625.22
M-3 16,733.43 18,532.51 0.00 0.00 2,603,975.58
B-1 6,797.84 7,528.70 0.00 0.00 1,057,846.51
B-2 2,614.17 2,895.23 0.00 0.00 406,803.12
B-3 5,227.93 5,790.01 0.00 0.00 813,545.71
- - -------------------------------------------------------------------------------
875,079.85 5,168,902.06 0.00 0.00 120,372,708.81
===============================================================================
Run: 08/03/98 12:03:44
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-1 636.558671 39.347539 4.747089 44.094628 0.000000 597.211133
A-2 341.118709 71.332991 2.049226 73.382217 0.000000 269.785718
A-3 1000.000000 0.000000 6.007371 6.007371 0.000000 1000.000000
A-4 1000.000000 0.000000 6.007370 6.007370 0.000000 1000.000000
A-5 611.325594 42.079367 3.672459 45.751826 0.000000 569.246227
A-6 1000.000000 0.000000 6.007370 6.007370 0.000000 1000.000000
A-7 1000.000000 0.000000 6.421671 6.421671 0.000000 1000.000000
A-8 1000.000000 0.000000 6.421672 6.421672 0.000000 1000.000000
A-9 876.649488 0.803221 0.000000 0.803221 0.000000 875.846266
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 990.713507 0.684009 6.362037 7.046046 0.000000 990.029498
M-2 990.713505 0.684008 6.362038 7.046046 0.000000 990.029497
M-3 990.713505 0.684009 6.362037 7.046046 0.000000 990.029496
B-1 990.713496 0.684006 6.362040 7.046046 0.000000 990.029490
B-2 990.713507 0.684011 6.362059 7.046070 0.000000 990.029496
B-3 990.713570 0.684013 6.362034 7.046047 0.000000 990.029557
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:03:44 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 25,482.73
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 26,686.39
MASTER SERVICER ADVANCES THIS MONTH 1,799.87
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 19 1,919,123.39
(B) TWO MONTHLY PAYMENTS: 3 145,288.07
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,429,276.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 120,372,708.81
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,214
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 233,094.43
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,207,732.67
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.88594750 % 9.28367800 % 1.83037440 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.49707750 % 9.59937712 % 1.89441750 %
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 8.80174355
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.40
POOL TRADING FACTOR: 73.22654324
................................................................................
Run: 08/03/98 12:03:47 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS3(POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FGS6 32,109,000.00 6,364,884.18 7.250000 % 3,823,373.22
A-2 76110FGT4 26,579,000.00 26,579,000.00 7.500000 % 0.00
A-3 76110FGU1 16,821,000.00 16,821,000.00 7.500000 % 0.00
A-4 76110FGV9 23,490,000.00 23,490,000.00 7.750000 % 0.00
A-5 76110FGW7 7,138,000.00 7,138,000.00 7.750000 % 0.00
A-6 76110FGX5 1,000,000.00 1,000,000.00 7.750000 % 0.00
A-7 76110FGY3 15,374,000.00 8,018,538.34 9.500000 % 1,092,392.35
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 103,501.87 0.000000 % 8,972.80
A-10 76110FHB2 0.00 0.00 0.730017 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,296,730.66 7.750000 % 3,488.45
M-2 76110FHE6 4,112,900.00 4,074,461.55 7.750000 % 2,683.46
M-3 76110FHF3 2,632,200.00 2,607,599.89 7.750000 % 1,717.38
B-1 1,069,400.00 1,059,405.58 7.750000 % 697.73
B-2 411,200.00 407,357.01 7.750000 % 268.29
B-3 823,585.68 815,888.54 7.750000 % 537.34
- - -------------------------------------------------------------------------------
164,514,437.18 131,276,367.62 4,934,131.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 38,166.30 3,861,539.52 0.00 0.00 2,541,510.96
A-2 164,873.71 164,873.71 0.00 0.00 26,579,000.00
A-3 104,343.30 104,343.30 0.00 0.00 16,821,000.00
A-4 150,569.23 150,569.23 0.00 0.00 23,490,000.00
A-5 45,754.07 45,754.07 0.00 0.00 7,138,000.00
A-6 6,409.93 6,409.93 0.00 0.00 1,000,000.00
A-7 63,004.32 1,155,396.67 0.00 0.00 6,926,145.99
A-8 176,273.05 176,273.05 0.00 0.00 27,500,000.00
A-9 0.00 8,972.80 0.00 0.00 94,529.07
A-10 79,263.15 79,263.15 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 33,951.66 37,440.11 0.00 0.00 5,293,242.21
M-2 26,117.01 28,800.47 0.00 0.00 4,071,778.09
M-3 16,714.53 18,431.91 0.00 0.00 2,605,882.51
B-1 6,790.71 7,488.44 0.00 0.00 1,058,707.85
B-2 2,611.13 2,879.42 0.00 0.00 407,088.72
B-3 5,229.79 5,767.13 0.00 0.00 815,351.20
- - -------------------------------------------------------------------------------
920,071.89 5,854,202.91 0.00 0.00 126,342,236.60
===============================================================================
Run: 08/03/98 12:03:47
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS3(POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 198.227418 119.074815 1.188648 120.263463 0.000000 79.152604
A-2 1000.000000 0.000000 6.203157 6.203157 0.000000 1000.000000
A-3 1000.000000 0.000000 6.203157 6.203157 0.000000 1000.000000
A-4 1000.000000 0.000000 6.409929 6.409929 0.000000 1000.000000
A-5 1000.000000 0.000000 6.409929 6.409929 0.000000 1000.000000
A-6 1000.000000 0.000000 6.409930 6.409930 0.000000 1000.000000
A-7 521.564872 71.054530 4.098108 75.152638 0.000000 450.510342
A-8 1000.000000 0.000000 6.409929 6.409929 0.000000 1000.000000
A-9 964.139951 83.583369 0.000000 83.583369 0.000000 880.556583
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 990.654172 0.652449 6.350022 7.002471 0.000000 990.001723
M-2 990.654173 0.652450 6.350023 7.002473 0.000000 990.001724
M-3 990.654164 0.652450 6.350023 7.002473 0.000000 990.001713
B-1 990.654180 0.652450 6.350019 7.002469 0.000000 990.001730
B-2 990.654207 0.652456 6.350024 7.002480 0.000000 990.001751
B-3 990.654111 0.652440 6.350025 7.002465 0.000000 990.001670
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:03:48 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 26,732.16
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 40,102.87
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 2,956,165.00
(B) TWO MONTHLY PAYMENTS: 4 616,002.13
(C) THREE OR MORE MONTHLY PAYMENTS: 1 61,228.80
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,597,630.47
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 126,342,236.60
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,208
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,847,663.67
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.12774900 % 9.13206600 % 1.74018550 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.71104210 % 9.47498092 % 1.80688250 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,785,164.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,623,566.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.80460495
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 339.38
POOL TRADING FACTOR: 76.79705123
................................................................................
Run: 08/03/98 12:03:53 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS4(POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FHK2 43,231,010.00 5,006,401.17 7.250000 % 4,122,135.83
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 16,003,887.45 10.000000 % 916,030.08
A-5 76110FHP1 17,675,100.00 17,675,100.00 7.500000 % 0.00
A-6 76110FHQ9 7,150,100.00 7,150,100.00 7.750000 % 0.00
A-7 76110FHR7 52,000,000.00 52,000,000.00 7.750000 % 0.00
A-8 76110FHS5 155,284.33 148,578.10 0.000000 % 134.30
A-9 76110FHT3 0.00 0.00 0.744299 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,116,454.42 7.750000 % 4,730.16
M-2 76110FHW6 4,975,300.00 4,926,738.04 7.750000 % 3,274.70
M-3 76110FHX4 3,316,900.00 3,284,525.03 7.750000 % 2,183.15
B-1 1,216,200.00 1,204,329.15 7.750000 % 800.49
B-2 552,900.00 547,503.36 7.750000 % 363.91
B-3 995,114.30 985,401.42 7.750000 % 654.98
- - -------------------------------------------------------------------------------
221,126,398.63 174,222,564.14 5,050,307.60
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 30,218.28 4,152,354.11 0.00 0.00 884,265.34
A-2 215,935.36 215,935.36 0.00 0.00 35,775,000.00
A-3 135,196.03 135,196.03 0.00 0.00 22,398,546.00
A-4 133,239.07 1,049,269.15 0.00 0.00 15,087,857.37
A-5 110,364.47 110,364.47 0.00 0.00 17,675,100.00
A-6 46,133.88 46,133.88 0.00 0.00 7,150,100.00
A-7 335,514.39 335,514.39 0.00 0.00 52,000,000.00
A-8 0.00 134.30 0.00 0.00 148,443.80
A-9 107,958.80 107,958.80 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,916.78 50,646.94 0.00 0.00 7,111,724.26
M-2 31,788.30 35,063.00 0.00 0.00 4,923,463.34
M-3 21,192.41 23,375.56 0.00 0.00 3,282,341.88
B-1 7,770.57 8,571.06 0.00 0.00 1,203,528.66
B-2 3,532.60 3,896.51 0.00 0.00 547,139.45
B-3 6,358.01 7,012.99 0.00 0.00 984,746.44
- - -------------------------------------------------------------------------------
1,231,118.95 6,281,426.55 0.00 0.00 169,172,256.54
===============================================================================
Run: 08/03/98 12:03:53
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS4(POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 115.805788 95.351365 0.698995 96.050360 0.000000 20.454422
A-2 1000.000000 0.000000 6.035929 6.035929 0.000000 1000.000000
A-3 1000.000000 0.000000 6.035929 6.035929 0.000000 1000.000000
A-4 653.266718 37.391663 5.438719 42.830382 0.000000 615.875055
A-5 1000.000000 0.000000 6.244065 6.244065 0.000000 1000.000000
A-6 1000.000000 0.000000 6.452201 6.452201 0.000000 1000.000000
A-7 1000.000000 0.000000 6.452200 6.452200 0.000000 1000.000000
A-8 956.813221 0.864865 0.000000 0.864865 0.000000 955.948356
A-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 990.239393 0.658192 6.389222 7.047414 0.000000 989.581201
M-2 990.239391 0.658191 6.389223 7.047414 0.000000 989.581199
M-3 990.239389 0.658190 6.389222 7.047412 0.000000 989.581199
B-1 990.239393 0.658189 6.389221 7.047410 0.000000 989.581204
B-2 990.239392 0.658184 6.389220 7.047404 0.000000 989.581208
B-3 990.239433 0.658196 6.389226 7.047422 0.000000 989.581236
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:03:54 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4247
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 35,818.50
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 45,517.78
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 4,038,887.07
(B) TWO MONTHLY PAYMENTS: 4 439,422.41
(C) THREE OR MORE MONTHLY PAYMENTS: 1 238,463.98
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 1,072,109.13
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 169,172,256.54
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,615
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,934,483.84
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.62225670 % 8.80528900 % 1.57245430 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.31928960 % 9.05439804 % 1.61836050 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 1,743,213.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,497,768.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81597919
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 339.52
POOL TRADING FACTOR: 76.50477627
................................................................................
Run: 08/03/98 12:03:55 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 6,084,042.50 7.250000 % 4,177,449.79
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 19,750,924.99 10.000000 % 1,566,543.66
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 340,158.57 281,339.77 0.000000 % 344.22
A-11 76110FJK0 0.00 0.00 0.623503 % 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 6,668,888.56 8.000000 % 8,727.11
M-2 76110FJP9 4,330,000.00 4,290,681.65 8.000000 % 5,614.91
M-3 76110FJQ7 2,886,000.00 2,859,793.83 8.000000 % 3,742.41
B-1 1,058,000.00 1,048,392.88 8.000000 % 1,371.96
B-2 481,000.00 476,632.30 8.000000 % 623.74
B-3 866,066.26 858,201.99 8.000000 % 1,123.06
- - -------------------------------------------------------------------------------
192,360,424.83 154,730,989.47 5,765,540.86
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 36,458.03 4,213,907.82 0.00 0.00 1,906,592.71
A-2 64,717.93 64,717.93 0.00 0.00 10,800,000.00
A-3 163,248.91 1,729,792.57 0.00 0.00 18,184,381.33
A-4 143,817.62 143,817.62 0.00 0.00 24,000,000.00
A-5 70,620.99 70,620.99 0.00 0.00 11,785,091.00
A-6 119,967.04 119,967.04 0.00 0.00 18,143,000.00
A-7 31,520.86 31,520.86 0.00 0.00 4,767,000.00
A-8 26,604.41 26,604.41 0.00 0.00 0.00
A-9 257,175.88 257,175.88 0.00 0.00 42,917,000.00
A-10 0.00 344.22 0.00 0.00 280,995.55
A-11 79,740.46 79,740.46 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 44,096.73 52,823.84 0.00 0.00 6,660,161.45
M-2 28,371.29 33,986.20 0.00 0.00 4,285,066.74
M-3 18,909.83 22,652.24 0.00 0.00 2,856,051.42
B-1 6,932.30 8,304.26 0.00 0.00 1,047,020.92
B-2 3,151.64 3,775.38 0.00 0.00 476,008.56
B-3 5,674.70 6,797.76 0.00 0.00 857,078.93
- - -------------------------------------------------------------------------------
1,101,008.62 6,866,549.48 0.00 0.00 148,965,448.61
===============================================================================
Run: 08/03/98 12:03:55
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-1 182.703979 125.448943 1.094836 126.543779 0.000000 57.255036
A-2 1000.000000 0.000000 5.992401 5.992401 0.000000 1000.000000
A-3 659.311179 52.293234 5.449458 57.742692 0.000000 607.017945
A-4 1000.000000 0.000000 5.992401 5.992401 0.000000 1000.000000
A-5 1000.000000 0.000000 5.992401 5.992401 0.000000 1000.000000
A-6 1000.000000 0.000000 6.612304 6.612304 0.000000 1000.000000
A-7 1000.000000 0.000000 6.612305 6.612305 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 5.992401 5.992401 0.000000 1000.000000
A-10 827.084174 1.011940 0.000000 1.011940 0.000000 826.072235
A-11 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 990.919548 1.296747 6.552263 7.849010 0.000000 989.622801
M-2 990.919550 1.296746 6.552261 7.849007 0.000000 989.622804
M-3 990.919553 1.296746 6.552263 7.849009 0.000000 989.622807
B-1 990.919546 1.296749 6.552268 7.849017 0.000000 989.622798
B-2 990.919543 1.296757 6.552266 7.849023 0.000000 989.622786
B-3 990.919552 1.296748 6.552270 7.849018 0.000000 989.622820
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:03:56 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 31,492.86
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 38,685.51
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,105,011.64
(B) TWO MONTHLY PAYMENTS: 4 752,772.37
(C) THREE OR MORE MONTHLY PAYMENTS: 2 161,934.28
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 977,448.69
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 148,965,448.61
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,447
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,563,169.35
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 105,171.13
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.50946720 % 8.94748800 % 1.54304470 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.11696030 % 9.26475215 % 1.60077830 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 1,490,509.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,490,509.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.93562498
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.32
POOL TRADING FACTOR: 77.44079830
................................................................................
Run: 08/03/98 12:03:57 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 27,767,209.20 7.500000 % 2,603,028.65
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 20,498,255.22 7.500000 % 67,878.71
A-6 76110FJW4 164,986.80 136,017.63 0.000000 % 1,311.00
A-7 76110FJX2 0.00 0.00 0.737333 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,557,247.10 7.500000 % 8,468.17
M-2 76110FKA0 1,061,700.00 1,022,841.04 7.500000 % 3,387.08
M-3 76110FKB8 690,100.00 664,841.85 7.500000 % 2,201.58
B-1 371,600.00 357,999.18 7.500000 % 1,185.49
B-2 159,300.00 153,469.49 7.500000 % 508.20
B-3 372,446.48 358,814.68 7.500000 % 1,188.19
- - -------------------------------------------------------------------------------
106,172,633.28 89,991,695.39 2,689,157.07
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 173,442.13 2,776,470.78 0.00 0.00 25,164,180.55
A-2 97,960.61 97,960.61 0.00 0.00 15,683,000.00
A-3 117,093.01 117,093.01 0.00 0.00 18,746,000.00
A-4 12,779.92 12,779.92 0.00 0.00 2,046,000.00
A-5 128,038.11 195,916.82 0.00 0.00 20,430,376.51
A-6 0.00 1,311.00 0.00 0.00 134,706.63
A-7 55,262.04 55,262.04 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,973.31 24,441.48 0.00 0.00 2,548,778.93
M-2 6,388.97 9,776.05 0.00 0.00 1,019,453.96
M-3 4,152.80 6,354.38 0.00 0.00 662,640.27
B-1 2,236.16 3,421.65 0.00 0.00 356,813.69
B-2 958.61 1,466.81 0.00 0.00 152,961.29
B-3 2,241.26 3,429.45 0.00 0.00 357,626.49
- - -------------------------------------------------------------------------------
616,526.93 3,305,684.00 0.00 0.00 87,302,538.32
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 646.561012 60.611667 4.038610 64.650277 0.000000 585.949345
A-2 1000.000000 0.000000 6.246293 6.246293 0.000000 1000.000000
A-3 1000.000000 0.000000 6.246293 6.246293 0.000000 1000.000000
A-4 1000.000000 0.000000 6.246295 6.246295 0.000000 1000.000000
A-5 963.399691 3.190239 6.017677 9.207916 0.000000 960.209452
A-6 824.415226 7.946090 0.000000 7.946090 0.000000 816.469136
A-7 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 963.399299 3.190239 6.017673 9.207912 0.000000 960.209060
M-2 963.399303 3.190242 6.017679 9.207921 0.000000 960.209061
M-3 963.399290 3.190233 6.017679 9.207912 0.000000 960.209057
B-1 963.399300 3.190231 6.017653 9.207884 0.000000 960.209069
B-2 963.399184 3.190207 6.017640 9.207847 0.000000 960.208977
B-3 963.399305 3.190230 6.017670 9.207900 0.000000 960.209075
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:03:58 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4249
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 18,588.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 11,267.98
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 10 554,447.00
(B) TWO MONTHLY PAYMENTS: 3 451,902.36
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 162,014.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 87,302,538.32
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,148
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 2,391,107.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.30730090 % 4.72416400 % 0.96853460 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.15119710 % 4.84622010 % 0.99509350 %
BANKRUPTCY AMOUNT AVAILABLE 154,147.00
FRAUD AMOUNT AVAILABLE 8,574,020.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,813,254.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.55449181
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 159.91
POOL TRADING FACTOR: 82.22696906
................................................................................
Run: 08/03/98 12:04:05 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 54,268,906.03 7.500000 % 4,606,770.92
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 17,893,272.26 9.500000 % 658,110.13
A-8 76110FKP7 156,262.27 143,173.16 0.000000 % 11,498.83
A-9 76110FKQ5 0.00 0.00 0.772645 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,635,546.77 7.750000 % 4,227.77
M-2 76110FKM4 3,827,000.00 3,791,882.55 7.750000 % 2,415.96
M-3 76110FKN2 2,870,200.00 2,843,862.39 7.750000 % 1,811.94
B-1 1,052,400.00 1,042,742.94 7.750000 % 664.37
B-2 478,400.00 474,010.08 7.750000 % 302.01
B-3 861,188.35 853,285.89 7.750000 % 543.67
- - -------------------------------------------------------------------------------
191,342,550.62 158,930,682.07 5,286,345.60
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 338,897.08 4,945,668.00 0.00 0.00 49,662,135.11
A-2 131,040.35 131,040.35 0.00 0.00 20,984,000.00
A-3 68,692.52 68,692.52 0.00 0.00 11,000,000.00
A-4 24,979.10 24,979.10 0.00 0.00 4,000,000.00
A-5 112,926.34 112,926.34 0.00 0.00 17,500,000.00
A-6 105,640.77 105,640.77 0.00 0.00 17,500,000.00
A-7 141,536.64 799,646.77 0.00 0.00 17,235,162.13
A-8 0.00 11,498.83 0.00 0.00 131,674.33
A-9 102,245.31 102,245.31 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,818.74 47,046.51 0.00 0.00 6,631,319.00
M-2 24,468.77 26,884.73 0.00 0.00 3,789,466.59
M-3 18,351.25 20,163.19 0.00 0.00 2,842,050.45
B-1 6,728.75 7,393.12 0.00 0.00 1,042,078.57
B-2 3,058.76 3,360.77 0.00 0.00 473,708.07
B-3 5,506.19 6,049.86 0.00 0.00 852,742.22
- - -------------------------------------------------------------------------------
1,126,890.57 6,413,236.17 0.00 0.00 153,644,336.47
===============================================================================
Run: 08/03/98 12:04:05
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-1 657.876690 55.845740 4.108292 59.954032 0.000000 602.030950
A-2 1000.000000 0.000000 6.244775 6.244775 0.000000 1000.000000
A-3 1000.000000 0.000000 6.244775 6.244775 0.000000 1000.000000
A-4 1000.000000 0.000000 6.244775 6.244775 0.000000 1000.000000
A-5 1000.000000 0.000000 6.452934 6.452934 0.000000 1000.000000
A-6 1000.000000 0.000000 6.036615 6.036615 0.000000 1000.000000
A-7 816.112760 30.016426 6.455491 36.471917 0.000000 786.096334
A-8 916.236274 73.586733 0.000000 73.586733 0.000000 842.649540
A-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 990.823767 0.631293 6.393720 7.025013 0.000000 990.192474
M-2 990.823765 0.631293 6.393721 7.025014 0.000000 990.192472
M-3 990.823772 0.631294 6.393718 7.025012 0.000000 990.192478
B-1 990.823774 0.631290 6.393719 7.025009 0.000000 990.192484
B-2 990.823746 0.631292 6.393729 7.025021 0.000000 990.192454
B-3 990.823773 0.631290 6.393712 7.025002 0.000000 990.192471
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:04:06 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 32,629.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 33,839.05
MASTER SERVICER ADVANCES THIS MONTH 761.76
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 2,557,637.76
(B) TWO MONTHLY PAYMENTS: 7 652,742.71
(C) THREE OR MORE MONTHLY PAYMENTS: 2 81,066.58
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 1,112,594.66
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 153,644,336.47
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,447
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 97,330.36
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,185,071.76
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.14952070 % 8.35789400 % 1.49258520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.81754030 % 8.63216721 % 1.54288830 %
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 8.84347929
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.44
POOL TRADING FACTOR: 80.29804974
................................................................................
Run: 08/03/98 12:04:07 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS8(POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FKU6 13,399,900.00 4,597,541.95 7.000000 % 1,008,377.60
A-2 76110FKV4 20,850,000.00 8,129,892.09 7.000000 % 1,457,169.33
A-3 76110FKW2 16,320,750.00 12,016,236.80 10.000000 % 493,109.39
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 20,409,132.94 7.500000 % 640,244.42
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 26,198.43 0.000000 % 960.52
A-12 76110FLF8 0.00 0.00 0.871726 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,566,637.83 7.500000 % 4,987.26
M-2 76110FLJ0 4,361,000.00 4,324,218.00 7.500000 % 2,850.15
M-3 76110FLK7 3,270,500.00 3,242,915.61 7.500000 % 2,137.45
B-1 1,199,000.00 1,188,887.26 7.500000 % 783.61
B-2 545,000.00 540,403.32 7.500000 % 356.19
B-3 981,461.72 973,183.79 7.500000 % 641.43
- - -------------------------------------------------------------------------------
218,029,470.88 186,461,562.02 3,611,617.35
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 26,807.23 1,035,184.83 0.00 0.00 3,589,164.35
A-2 47,403.57 1,504,572.90 0.00 0.00 6,672,722.76
A-3 100,091.38 593,200.77 0.00 0.00 11,523,127.41
A-4 114,869.42 114,869.42 0.00 0.00 19,700,543.00
A-5 127,566.40 127,566.40 0.00 0.00 21,419,142.00
A-6 38,186.63 38,186.63 0.00 0.00 6,323,320.00
A-7 99,621.47 99,621.47 0.00 0.00 16,496,308.00
A-8 127,501.12 767,745.54 0.00 0.00 19,768,888.52
A-9 30,715.69 30,715.69 0.00 0.00 5,000,001.00
A-10 340,519.31 340,519.31 0.00 0.00 54,507,000.00
A-11 0.00 960.52 0.00 0.00 25,237.91
A-12 135,393.36 135,393.36 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,270.74 52,258.00 0.00 0.00 7,561,650.57
M-2 27,014.50 29,864.65 0.00 0.00 4,321,367.85
M-3 20,259.33 22,396.78 0.00 0.00 3,240,778.16
B-1 7,427.29 8,210.90 0.00 0.00 1,188,103.65
B-2 3,376.04 3,732.23 0.00 0.00 540,047.13
B-3 6,079.73 6,721.16 0.00 0.00 972,542.36
- - -------------------------------------------------------------------------------
1,300,103.21 4,911,720.56 0.00 0.00 182,849,944.67
===============================================================================
Run: 08/03/98 12:04:07
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS8(POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 343.102706 75.252621 2.000554 77.253175 0.000000 267.850085
A-2 389.922882 69.888217 2.273553 72.161770 0.000000 320.034665
A-3 736.255184 30.213647 6.132768 36.346415 0.000000 706.041537
A-4 1000.000000 0.000000 5.830774 5.830774 0.000000 1000.000000
A-5 1000.000000 0.000000 5.955719 5.955719 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039016 6.039016 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039016 6.039016 0.000000 1000.000000
A-8 785.025951 24.626646 4.904260 29.530906 0.000000 760.399306
A-9 1000.000000 0.000000 6.143137 6.143137 0.000000 1000.000000
A-10 1000.000000 0.000000 6.247258 6.247258 0.000000 1000.000000
A-11 992.020572 36.370714 0.000000 36.370714 0.000000 955.649858
A-12 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 991.565697 0.653553 6.194567 6.848120 0.000000 990.912144
M-2 991.565696 0.653554 6.194565 6.848119 0.000000 990.912142
M-3 991.565696 0.653555 6.194567 6.848122 0.000000 990.912142
B-1 991.565688 0.653553 6.194570 6.848123 0.000000 990.912135
B-2 991.565725 0.653560 6.194569 6.848129 0.000000 990.912165
B-3 991.565713 0.653556 6.194567 6.848123 0.000000 990.912164
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:04:08 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 38,380.37
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 29,322.33
MASTER SERVICER ADVANCES THIS MONTH 2,187.02
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 2,789,637.98
(B) TWO MONTHLY PAYMENTS: 1 122,905.63
(C) THREE OR MORE MONTHLY PAYMENTS: 1 437,872.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 515,141.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 182,849,944.67
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,648
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 285,929.87
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,488,708.92
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.43301360 % 8.11743600 % 1.44955030 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.25050280 % 8.27115185 % 1.47720360 %
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 8.69733753
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.85
POOL TRADING FACTOR: 83.86478394
................................................................................
Run: 08/03/98 12:04:15 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS9(POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4263
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FLL5 53,750,000.00 26,662,358.76 6.750000 % 5,004,430.13
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 18,046,512.44 10.000000 % 909,896.37
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 0.989921 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,081,649.66 7.250000 % 5,388.54
M-2 76110FLX9 5,420,000.00 5,387,766.43 7.250000 % 3,592.36
M-3 76110FLY2 4,065,000.00 4,040,824.82 7.250000 % 2,694.27
B-1 1,490,500.00 1,481,635.75 7.250000 % 987.90
B-2 677,500.00 673,470.80 7.250000 % 449.04
B-3 1,219,925.82 1,212,670.73 7.250000 % 808.55
- - -------------------------------------------------------------------------------
271,005,025.82 238,867,351.39 5,928,247.16
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 149,929.09 5,154,359.22 0.00 0.00 21,657,928.63
A-2 97,957.00 97,957.00 0.00 0.00 17,420,000.00
A-3 150,340.79 1,060,237.16 0.00 0.00 17,136,616.07
A-4 213,739.70 213,739.70 0.00 0.00 38,010,000.00
A-5 96,514.42 96,514.42 0.00 0.00 17,163,462.00
A-6 181,054.66 181,054.66 0.00 0.00 29,977,000.00
A-7 97,029.17 97,029.17 0.00 0.00 16,065,000.00
A-8 330,044.11 330,044.11 0.00 0.00 54,645,000.00
A-9 196,988.60 196,988.60 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,811.43 54,199.97 0.00 0.00 8,076,261.12
M-2 32,540.96 36,133.32 0.00 0.00 5,384,174.07
M-3 24,405.72 27,099.99 0.00 0.00 4,038,130.55
B-1 8,948.76 9,936.66 0.00 0.00 1,480,647.85
B-2 4,067.62 4,516.66 0.00 0.00 673,021.76
B-3 7,324.27 8,132.82 0.00 0.00 1,211,862.18
- - -------------------------------------------------------------------------------
1,639,696.30 7,567,943.46 0.00 0.00 232,939,104.23
===============================================================================
Run: 08/03/98 12:04:15
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS9(POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4263
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 496.043884 93.105677 2.789378 95.895055 0.000000 402.938207
A-2 1000.000000 0.000000 5.623249 5.623249 0.000000 1000.000000
A-3 785.603142 39.609728 6.544655 46.154383 0.000000 745.993415
A-4 1000.000000 0.000000 5.623249 5.623249 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623249 5.623249 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039786 6.039786 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039786 6.039786 0.000000 1000.000000
A-8 1000.000000 0.000000 6.039786 6.039786 0.000000 1000.000000
A-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.052849 0.662797 6.003866 6.666663 0.000000 993.390052
M-2 994.052847 0.662797 6.003867 6.666664 0.000000 993.390050
M-3 994.052846 0.662797 6.003867 6.666664 0.000000 993.390049
B-1 994.052835 0.662798 6.003864 6.666662 0.000000 993.390037
B-2 994.052841 0.662790 6.003867 6.666657 0.000000 993.390052
B-3 994.052843 0.662786 6.003865 6.666651 0.000000 993.390054
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:04:16 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4263
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 53,414.47
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 34,833.96
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 3,721,732.51
(B) TWO MONTHLY PAYMENTS: 4 424,361.55
(C) THREE OR MORE MONTHLY PAYMENTS: 3 301,615.93
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 215,882.95
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 232,939,104.23
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,224
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,768,979.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.25957650 % 7.33052900 % 1.40989440 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.04311080 % 7.51207737 % 1.44481190 %
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 8.59214801
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 344.83
POOL TRADING FACTOR: 85.95379496
................................................................................
Run: 08/03/98 12:04:17 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS10(POOL # 4264)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4264
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 7611OFMN0 199,969,492.00 167,132,558.94 7.250000 % 5,829,519.32
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 64,498,829.71 7.250000 % 43,048.26
A-5 7611OFMS9 76,250.57 75,733.30 0.000000 % 67.50
A-6 7611OFMT7 0.00 0.00 0.940038 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,533,797.41 7.250000 % 7,030.54
M-2 7611OFMW0 6,524,000.00 6,482,031.16 7.250000 % 4,326.28
M-3 7611OFMX8 4,893,000.00 4,861,523.36 7.250000 % 3,244.71
B-1 7611OFMY6 1,794,000.00 1,782,459.20 7.250000 % 1,189.66
B-2 7611OFMZ3 816,000.00 810,750.68 7.250000 % 541.12
B-3 7611OFNA7 1,468,094.11 1,458,649.90 7.250000 % 973.55
- - -------------------------------------------------------------------------------
326,202,444.68 292,779,333.66 5,889,940.94
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,009,405.82 6,838,925.14 0.00 0.00 161,303,039.62
A-2 60,395.53 60,395.53 0.00 0.00 10,000,000.00
A-3 151,852.47 151,852.47 0.00 0.00 25,143,000.00
A-4 389,544.05 432,592.31 0.00 0.00 64,455,781.45
A-5 0.00 67.50 0.00 0.00 75,665.80
A-6 229,272.77 229,272.77 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,619.42 70,649.96 0.00 0.00 10,526,766.87
M-2 39,148.56 43,474.84 0.00 0.00 6,477,704.88
M-3 29,361.42 32,606.13 0.00 0.00 4,858,278.65
B-1 10,765.25 11,954.91 0.00 0.00 1,781,269.54
B-2 4,896.58 5,437.70 0.00 0.00 810,209.56
B-3 8,809.60 9,783.15 0.00 0.00 1,457,676.35
- - -------------------------------------------------------------------------------
1,997,071.47 7,887,012.41 0.00 0.00 286,889,392.72
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 835.790286 29.152043 5.047799 34.199842 0.000000 806.638243
A-2 1000.000000 0.000000 6.039553 6.039553 0.000000 1000.000000
A-3 1000.000000 0.000000 6.039553 6.039553 0.000000 1000.000000
A-4 993.565916 0.663133 6.000693 6.663826 0.000000 992.902783
A-5 993.216182 0.885239 0.000000 0.885239 0.000000 992.330943
A-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.567007 0.663133 6.000700 6.663833 0.000000 992.903874
M-2 993.567008 0.663133 6.000699 6.663832 0.000000 992.903875
M-3 993.567006 0.663133 6.000699 6.663832 0.000000 992.903873
B-1 993.567001 0.663133 6.000697 6.663830 0.000000 992.903869
B-2 993.567010 0.663137 6.000711 6.663848 0.000000 992.903873
B-3 993.567027 0.663132 6.000705 6.663837 0.000000 992.903888
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:04:17 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 60,561.01
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,100.22
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 3,062,307.47
(B) TWO MONTHLY PAYMENTS: 5 331,418.29
(C) THREE OR MORE MONTHLY PAYMENTS: 3 202,319.02
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,124,012.31
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 286,889,392.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,583
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,694,518.96
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.14147840 % 7.47423400 % 1.38428760 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.96559770 % 7.62061999 % 1.41177180 %
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 8.51944791
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.29
POOL TRADING FACTOR: 87.94826569
................................................................................
Run: 08/03/98 12:04:19 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS11(POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4265
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 7611OFLZ4 99,650,000.00 86,598,532.04 7.000000 % 1,210,053.93
A-2 7611OFMD2 43,142.76 39,083.13 0.000000 % 234.24
A-3 7611OFME0 0.00 0.00 0.994516 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,968,259.65 7.000000 % 9,724.17
M-2 7611OFMH3 892,000.00 870,091.22 7.000000 % 2,850.46
M-3 7611OFMJ9 419,700.00 409,391.59 7.000000 % 1,341.19
B-1 7611OFMK6 367,000.00 357,985.97 7.000000 % 1,172.78
B-2 7611OFML4 262,400.00 255,955.07 7.000000 % 838.52
B-3 7611OFMM2 263,388.53 256,919.31 7.000000 % 841.69
- - -------------------------------------------------------------------------------
104,940,731.29 91,756,217.98 1,227,056.98
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 504,398.28 1,714,452.21 0.00 0.00 85,388,478.11
A-2 0.00 234.24 0.00 0.00 38,848.89
A-3 75,929.83 75,929.83 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,288.81 27,012.98 0.00 0.00 2,958,535.48
M-2 5,067.90 7,918.36 0.00 0.00 867,240.76
M-3 2,384.53 3,725.72 0.00 0.00 408,050.40
B-1 2,085.11 3,257.89 0.00 0.00 356,813.19
B-2 1,490.82 2,329.34 0.00 0.00 255,116.55
B-3 1,496.45 2,338.14 0.00 0.00 256,077.62
- - -------------------------------------------------------------------------------
610,141.73 1,837,198.71 0.00 0.00 90,529,161.00
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 869.026915 12.143040 5.061699 17.204739 0.000000 856.883875
A-2 905.902404 5.429416 0.000000 5.429416 0.000000 900.472988
A-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 975.438597 3.195587 5.681502 8.877089 0.000000 972.243010
M-2 975.438587 3.195583 5.681502 8.877085 0.000000 972.243005
M-3 975.438623 3.195592 5.681511 8.877103 0.000000 972.243031
B-1 975.438610 3.195586 5.681499 8.877085 0.000000 972.243025
B-2 975.438529 3.195579 5.681479 8.877058 0.000000 972.242950
B-3 975.438490 3.195583 5.681531 8.877114 0.000000 972.242869
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:04:19 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS11 (POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4265
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 19,058.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,417.77
SUBSERVICER ADVANCES THIS MONTH 14,709.93
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 13 1,495,116.81
(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 90,529,161.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,025
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 926,379.01
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.41914230 % 4.63135100 % 0.94950670 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.36201080 % 4.67675453 % 0.95922680 %
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 8.31752506
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 164.96
POOL TRADING FACTOR: 86.26694315
................................................................................
Run: 08/03/98 12:04:28 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 36,207,537.53 7.000000 % 2,643,087.62
A-2 76110FNC3 22,405,757.00 19,353,262.36 9.000000 % 377,583.95
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 59,054,837.90 7.250000 % 39,269.14
A-8 76110FNH2 0.00 0.00 0.892720 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,387,171.63 7.250000 % 6,907.06
M-2 76110FNL3 4,471,600.00 4,451,701.88 7.250000 % 2,960.21
M-3 76110FNM1 4,471,500.00 4,451,602.31 7.250000 % 2,960.14
B-1 76110FNN9 1,639,600.00 1,632,303.96 7.250000 % 1,085.42
B-2 76110FNP4 745,200.00 741,883.93 7.250000 % 493.32
B-3 76110FNQ2 1,341,561.05 1,335,591.26 7.250000 % 888.11
- - -------------------------------------------------------------------------------
298,104,002.05 273,317,176.76 3,075,234.97
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 211,108.91 2,854,196.53 0.00 0.00 33,564,449.91
A-2 145,079.56 522,663.51 0.00 0.00 18,975,678.41
A-3 366,297.56 366,297.56 0.00 0.00 62,824,125.00
A-4 139,118.01 139,118.01 0.00 0.00 24,294,118.00
A-5 157,007.67 157,007.67 0.00 0.00 26,000,000.00
A-6 136,373.50 136,373.50 0.00 0.00 22,583,041.00
A-7 356,617.81 395,886.95 0.00 0.00 59,015,568.76
A-8 203,231.78 203,231.78 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,725.60 69,632.66 0.00 0.00 10,380,264.57
M-2 26,882.75 29,842.96 0.00 0.00 4,448,741.67
M-3 26,882.15 29,842.29 0.00 0.00 4,448,642.17
B-1 9,857.09 10,942.51 0.00 0.00 1,631,218.54
B-2 4,480.06 4,973.38 0.00 0.00 741,390.61
B-3 8,065.31 8,953.42 0.00 0.00 1,334,703.15
- - -------------------------------------------------------------------------------
1,853,727.76 4,928,962.73 0.00 0.00 270,241,941.79
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 628.876032 45.906863 3.666677 49.573540 0.000000 582.969169
A-2 863.762932 16.852095 6.475102 23.327197 0.000000 846.910837
A-3 1000.000000 0.000000 5.830524 5.830524 0.000000 1000.000000
A-4 1000.000000 0.000000 5.726407 5.726407 0.000000 1000.000000
A-5 1000.000000 0.000000 6.038757 6.038757 0.000000 1000.000000
A-6 1000.000000 0.000000 6.038757 6.038757 0.000000 1000.000000
A-7 995.550111 0.662002 6.011885 6.673887 0.000000 994.888109
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.550110 0.662002 6.011885 6.673887 0.000000 994.888109
M-2 995.550112 0.662002 6.011886 6.673888 0.000000 994.888109
M-3 995.550108 0.662002 6.011886 6.673888 0.000000 994.888107
B-1 995.550110 0.662003 6.011887 6.673890 0.000000 994.888107
B-2 995.550094 0.661997 6.011889 6.673886 0.000000 994.888097
B-3 995.550117 0.661990 6.011884 6.673874 0.000000 994.888116
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:04:29 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 56,722.24
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 10,556.15
SUBSERVICER ADVANCES THIS MONTH 36,730.52
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 3,302,689.12
(B) TWO MONTHLY PAYMENTS: 5 626,100.30
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,019,833.04
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 270,241,941.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,461
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 2,893,489.82
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.58477520 % 7.05790800 % 1.35731650 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.49467300 % 7.13347761 % 1.37184930 %
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 8.47212739
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.63
POOL TRADING FACTOR: 90.65357725
................................................................................
Run: 08/03/98 12:04:35 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS13(POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4277
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FNS8 31,499,000.00 28,382,513.48 7.250000 % 608,112.99
A-2 76110FNT6 30,750,000.00 22,584,603.97 7.250000 % 1,593,295.32
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 62,761,455.55 7.250000 % 42,428.30
A-8 76110FNZ2 15,495,000.00 7,200,529.34 7.250000 % 1,618,481.36
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 92,486,233.19 0.000000 % 1,472,298.85
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 5.125000 % 0.00
A-14 76110FPF4 0.00 0.00 9.375000 % 0.00
A-15 76110FPG2 26,249,000.00 23,651,944.39 7.000000 % 506,757.61
A-16 76110FPH0 2,386,273.00 2,150,177.01 10.000000 % 46,068.88
A-17 76110FPJ6 139,012.74 138,241.06 0.000000 % 2,329.99
A-18 76110FPK3 0.00 0.00 0.853997 % 0.00
R-I 76110FPL1 100.00 0.00 7.250000 % 0.00
R-II 76110FPM9 100.00 0.00 7.250000 % 0.00
M-1 76110FPN7 16,267,000.00 16,205,663.55 7.250000 % 10,955.43
M-2 76110FPP2 5,422,000.00 5,401,555.76 7.250000 % 3,651.59
M-3 76110FPQ0 6,507,000.00 6,482,464.66 7.250000 % 4,382.31
B-1 76110FPR8 2,386,000.00 2,377,003.33 7.250000 % 1,606.91
B-2 76110FPS6 1,085,000.00 1,080,908.90 7.250000 % 730.72
B-3 76110FPT4 1,952,210.06 1,944,849.04 7.250000 % 1,314.76
- - -------------------------------------------------------------------------------
433,792,422.80 403,465,558.23 5,912,415.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 171,397.14 779,510.13 0.00 0.00 27,774,400.49
A-2 136,384.55 1,729,679.87 0.00 0.00 20,991,308.65
A-3 246,378.17 246,378.17 0.00 0.00 40,799,000.00
A-4 40,731.90 40,731.90 0.00 0.00 6,745,000.00
A-5 25,576.95 25,576.95 0.00 0.00 4,235,415.00
A-6 63,401.66 63,401.66 0.00 0.00 10,499,000.00
A-7 379,005.66 421,433.96 0.00 0.00 62,719,027.25
A-8 43,482.76 1,661,964.12 0.00 0.00 5,582,047.98
A-9 398,456.90 398,456.90 0.00 0.00 68,339,000.00
A-10 14,230.60 14,230.60 0.00 0.00 0.00
A-11 0.00 1,472,298.85 0.00 0.00 91,013,934.34
A-12 279,254.26 279,254.26 0.00 0.00 0.00
A-13 98,701.93 98,701.93 0.00 0.00 0.00
A-14 180,552.31 180,552.31 0.00 0.00 0.00
A-15 137,904.87 644,662.48 0.00 0.00 23,145,186.78
A-16 17,909.72 63,978.60 0.00 0.00 2,104,108.13
A-17 0.00 2,329.99 0.00 0.00 135,911.07
A-18 286,997.02 286,997.02 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 97,863.23 108,818.66 0.00 0.00 16,194,708.12
M-2 32,619.07 36,270.66 0.00 0.00 5,397,904.17
M-3 39,146.49 43,528.80 0.00 0.00 6,478,082.35
B-1 14,354.31 15,961.22 0.00 0.00 2,375,396.42
B-2 6,527.42 7,258.14 0.00 0.00 1,080,178.18
B-3 11,744.61 13,059.37 0.00 0.00 1,943,534.28
- - -------------------------------------------------------------------------------
2,722,621.53 8,635,036.55 0.00 0.00 397,553,143.21
===============================================================================
Run: 08/03/98 12:04:35
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-1 901.060779 19.305787 5.441352 24.747139 0.000000 881.754992
A-2 734.458666 51.814482 4.435270 56.249752 0.000000 682.644184
A-3 1000.000000 0.000000 6.038829 6.038829 0.000000 1000.000000
A-4 1000.000000 0.000000 6.038829 6.038829 0.000000 1000.000000
A-5 1000.000000 0.000000 6.038830 6.038830 0.000000 1000.000000
A-6 1000.000000 0.000000 6.038828 6.038828 0.000000 1000.000000
A-7 996.229393 0.673476 6.016058 6.689534 0.000000 995.555918
A-8 464.700183 104.451846 2.806245 107.258091 0.000000 360.248337
A-9 1000.000000 0.000000 5.830593 5.830593 0.000000 1000.000000
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 924.508134 14.717350 0.000000 14.717350 0.000000 909.790784
A-12 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-13 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-14 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-15 901.060779 19.305787 5.253719 24.559506 0.000000 881.754992
A-16 901.060780 19.305787 7.505311 26.811098 0.000000 881.754993
A-17 994.448854 16.760982 0.000000 16.760982 0.000000 977.687872
A-18 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.229394 0.673476 6.016059 6.689535 0.000000 995.555918
M-2 996.229391 0.673477 6.016059 6.689536 0.000000 995.555915
M-3 996.229393 0.673476 6.016058 6.689534 0.000000 995.555917
B-1 996.229392 0.673474 6.016056 6.689530 0.000000 995.555918
B-2 996.229401 0.673475 6.016055 6.689530 0.000000 995.555926
B-3 996.229391 0.673478 6.016059 6.689537 0.000000 995.555917
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:04:36 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 83,400.98
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 54,231.57
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 50 5,649,033.70
(B) TWO MONTHLY PAYMENTS: 5 809,648.59
(C) THREE OR MORE MONTHLY PAYMENTS: 1 73,661.75
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 660,351.58
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 397,553,143.21
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,425
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,639,642.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.69596410 % 6.96448800 % 1.33954760 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.57817000 % 7.06086598 % 1.35854930 %
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 8.38058493
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.32
POOL TRADING FACTOR: 91.64593993
................................................................................
Run: 08/03/98 12:04:43 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS1(POOL # 4281)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4281
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FPU1 64,326,000.00 55,578,807.93 7.000000 % 2,570,238.97
A-2 76110FPV9 117,395,000.00 107,825,657.14 7.000000 % 2,811,816.38
A-3 76110FPW7 51,380,000.00 51,380,000.00 7.000000 % 0.00
A-4 76110FPX5 1,862,000.00 1,862,000.00 7.000000 % 0.00
A-5 76110FPY3 65,040,000.00 65,040,000.00 7.000000 % 0.00
A-6 76110FPZ0 0.00 0.00 1.080000 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,314,761.02 7.000000 % 7,596.15
M-2 76110FQD8 4,054,000.00 4,040,879.29 7.000000 % 2,712.84
M-3 76110FQE6 4,865,000.00 4,849,254.49 7.000000 % 3,255.54
B-1 76110FQF3 1,783,800.00 1,778,026.76 7.000000 % 1,193.68
B-2 76110FQG1 810,800.00 808,175.86 7.000000 % 542.57
B-3 76110FQH9 1,459,579.11 1,454,855.17 7.000000 % 976.70
- - -------------------------------------------------------------------------------
324,327,779.11 305,932,417.66 5,398,332.83
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 324,033.20 2,894,272.17 0.00 0.00 53,008,568.96
A-2 628,640.56 3,440,456.94 0.00 0.00 105,013,840.76
A-3 299,553.49 299,553.49 0.00 0.00 51,380,000.00
A-4 10,855.76 10,855.76 0.00 0.00 1,862,000.00
A-5 379,193.44 379,193.44 0.00 0.00 65,040,000.00
A-6 275,189.32 275,189.32 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,966.84 73,562.99 0.00 0.00 11,307,164.87
M-2 23,558.97 26,271.81 0.00 0.00 4,038,166.45
M-3 28,271.92 31,527.46 0.00 0.00 4,845,998.95
B-1 10,366.17 11,559.85 0.00 0.00 1,776,833.08
B-2 4,711.79 5,254.36 0.00 0.00 807,633.29
B-3 8,482.04 9,458.74 0.00 0.00 1,453,878.47
- - -------------------------------------------------------------------------------
2,058,823.50 7,457,156.33 0.00 0.00 300,534,084.83
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 864.017783 39.956456 5.037360 44.993816 0.000000 824.061328
A-2 918.485942 23.951756 5.354918 29.306674 0.000000 894.534186
A-3 1000.000000 0.000000 5.830157 5.830157 0.000000 1000.000000
A-4 1000.000000 0.000000 5.830161 5.830161 0.000000 1000.000000
A-5 1000.000000 0.000000 5.830157 5.830157 0.000000 1000.000000
A-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.763513 0.669176 5.811288 6.480464 0.000000 996.094337
M-2 996.763515 0.669176 5.811290 6.480466 0.000000 996.094339
M-3 996.763513 0.669176 5.811289 6.480465 0.000000 996.094337
B-1 996.763516 0.669178 5.811285 6.480463 0.000000 996.094338
B-2 996.763518 0.669179 5.811285 6.480464 0.000000 996.094339
B-3 996.763492 0.669159 5.811292 6.480451 0.000000 996.094326
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:04:43 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS1 (POOL # 4281)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4281
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 63,348.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,463.20
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 3,889,557.63
(B) TWO MONTHLY PAYMENTS: 3 456,472.71
(C) THREE OR MORE MONTHLY PAYMENTS: 1 99,812.24
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 424,099.39
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 300,534,084.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,546
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,192,945.47
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.07473570 % 6.60436500 % 1.32089890 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.93779460 % 6.71848262 % 1.34372270 %
BANKRUPTCY AMOUNT AVAILABLE 218,111.00
FRAUD AMOUNT AVAILABLE 6,486,556.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,243,278.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.35859803
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.39
POOL TRADING FACTOR: 92.66368908
................................................................................
Run: 08/03/98 12:04:48 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS2(POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4284
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FQJ5 20,000,000.00 18,452,422.56 6.750000 % 397,353.73
A-2 76110FQK2 158,282,400.00 146,034,686.39 6.500000 % 3,144,705.09
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 36,478,761.22 6.256250 % 618,810.88
A-5 76110FQN6 0.00 0.00 2.769525 % 0.00
A-6 76110FQP1 13,504,750.00 12,659,463.19 6.156250 % 217,034.61
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 137,998.50 0.000000 % 280.71
A-9 76110FQS5 0.00 0.00 0.979409 % 0.00
R-I 76110FQT3 100.00 0.00 7.000000 % 0.00
R-II 76110FQU0 100.00 0.00 7.000000 % 0.00
M-1 76110FQV8 17,350,800.00 17,305,425.67 7.000000 % 11,633.26
M-2 76110FQW6 5,422,000.00 5,407,820.86 7.000000 % 3,635.31
M-3 76110FQX4 5,422,000.00 5,407,820.86 7.000000 % 3,635.31
B-1 76110FQY2 2,385,700.00 2,379,461.12 7.000000 % 1,599.55
B-2 76110FQZ9 1,084,400.00 1,081,564.18 7.000000 % 727.06
B-3 76110FRA3 1,952,351.82 1,947,246.19 7.000000 % 1,309.01
- - -------------------------------------------------------------------------------
433,770,084.51 416,630,570.74 4,400,724.52
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 103,753.41 501,107.14 0.00 0.00 18,055,068.83
A-2 790,705.18 3,935,410.27 0.00 0.00 142,889,981.30
A-3 464,349.40 464,349.40 0.00 0.00 82,584,000.00
A-4 190,107.56 808,918.44 0.00 0.00 35,859,950.34
A-5 113,362.64 113,362.64 0.00 0.00 0.00
A-6 64,919.73 281,954.34 0.00 0.00 12,442,428.58
A-7 505,862.23 505,862.23 0.00 0.00 86,753,900.00
A-8 0.00 280.71 0.00 0.00 137,717.79
A-9 339,907.15 339,907.15 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 100,907.99 112,541.25 0.00 0.00 17,293,792.41
M-2 31,533.02 35,168.33 0.00 0.00 5,404,185.55
M-3 31,533.02 35,168.33 0.00 0.00 5,404,185.55
B-1 13,874.64 15,474.19 0.00 0.00 2,377,861.57
B-2 6,306.60 7,033.66 0.00 0.00 1,080,837.12
B-3 11,354.40 12,663.41 0.00 0.00 1,945,937.18
- - -------------------------------------------------------------------------------
2,768,476.97 7,169,201.49 0.00 0.00 412,229,846.22
===============================================================================
Run: 08/03/98 12:04:48
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS2(POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4284
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 922.621128 19.867686 5.187671 25.055357 0.000000 902.753442
A-2 922.621128 19.867686 4.995534 24.863220 0.000000 902.753441
A-3 1000.000000 0.000000 5.622753 5.622753 0.000000 1000.000000
A-4 938.026227 15.912296 4.888485 20.800781 0.000000 922.113931
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 937.408185 16.070983 4.807177 20.878160 0.000000 921.337202
A-7 1000.000000 0.000000 5.831003 5.831003 0.000000 1000.000000
A-8 994.707880 2.023388 0.000000 2.023388 0.000000 992.684493
A-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.384885 0.670474 5.815754 6.486228 0.000000 996.714411
M-2 997.384887 0.670474 5.815754 6.486228 0.000000 996.714414
M-3 997.384887 0.670474 5.815754 6.486228 0.000000 996.714414
B-1 997.384885 0.670474 5.815752 6.486226 0.000000 996.714411
B-2 997.384895 0.670472 5.815751 6.486223 0.000000 996.714423
B-3 997.384882 0.670473 5.815755 6.486228 0.000000 996.714404
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:04:49 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS2 (POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4284
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 86,376.77
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,987.49
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 44 5,092,844.01
(B) TWO MONTHLY PAYMENTS: 6 696,801.86
(C) THREE OR MORE MONTHLY PAYMENTS: 1 105,633.92
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,032,506.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 412,229,846.22
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,428
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,120,601.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.94959500 % 6.75187700 % 1.29852770 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.86909990 % 6.81711035 % 1.31151160 %
BANKRUPTCY AMOUNT AVAILABLE 234,815.00
FRAUD AMOUNT AVAILABLE 8,675,402.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,337,701.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.25658302
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.68
POOL TRADING FACTOR: 95.03418077
................................................................................
Run: 08/03/98 12:06:59 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS3(POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4285
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FRB1 115,517,963.00 111,934,725.00 6.500000 % 995,828.92
A-2 76110FRC9 34,880,737.00 30,145,593.61 6.500000 % 386,765.25
A-3 76110FRD7 0.00 0.00 1.210100 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,879,315.61 6.500000 % 12,297.29
M-2 76110FRG0 785,100.00 775,566.77 6.500000 % 2,458.52
M-3 76110FRH8 707,000.00 698,415.11 6.500000 % 2,213.95
B-1 76110FRJ4 471,200.00 465,478.35 6.500000 % 1,475.55
B-2 76110FRK1 314,000.00 310,187.19 6.500000 % 983.28
B-3 76110FRL9 471,435.62 465,711.13 6.500000 % 1,476.29
- - -------------------------------------------------------------------------------
157,074,535.62 148,674,992.77 1,403,499.05
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 605,893.78 1,601,722.70 0.00 0.00 110,938,896.08
A-2 163,175.70 549,940.95 0.00 0.00 29,758,828.36
A-3 149,823.86 149,823.86 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,998.43 33,295.72 0.00 0.00 3,867,018.32
M-2 4,198.08 6,656.60 0.00 0.00 773,108.25
M-3 3,780.46 5,994.41 0.00 0.00 696,201.16
B-1 2,519.60 3,995.15 0.00 0.00 464,002.80
B-2 1,679.02 2,662.30 0.00 0.00 309,203.91
B-3 2,520.86 3,997.15 0.00 0.00 464,234.84
- - -------------------------------------------------------------------------------
954,589.79 2,358,088.84 0.00 0.00 147,271,493.72
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 968.981119 8.620555 5.245018 13.865573 0.000000 960.360564
A-2 864.247611 11.088219 4.678104 15.766323 0.000000 853.159392
A-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 987.857298 3.131472 5.347194 8.478666 0.000000 984.725826
M-2 987.857305 3.131474 5.347191 8.478665 0.000000 984.725831
M-3 987.857298 3.131471 5.347185 8.478656 0.000000 984.725827
B-1 987.857279 3.131473 5.347199 8.478672 0.000000 984.725807
B-2 987.857293 3.131465 5.347197 8.478662 0.000000 984.725828
B-3 987.857324 3.131477 5.347199 8.478676 0.000000 984.725847
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:06:59 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS3 (POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4285
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 30,958.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,755.08
SUBSERVICER ADVANCES THIS MONTH 21,887.10
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 15 1,682,051.90
(B) TWO MONTHLY PAYMENTS: 5 357,902.07
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 360,926.42
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 147,271,493.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,536
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 932,204.62
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.56436890 % 3.60067100 % 0.83496000 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.53629210 % 3.62346276 % 0.84024510 %
BANKRUPTCY AMOUNT AVAILABLE 1,000,000.00
FRAUD AMOUNT AVAILABLE 1,570,745.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,570,745.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.99140500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 169.82
POOL TRADING FACTOR: 93.75898718
................................................................................
Run: 08/03/98 12:07:02 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS4(POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4290
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FRM7 135,006,400.00 125,840,676.22 6.500000 % 4,018,868.94
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 38,926,724.05 6.156250 % 1,004,717.24
A-I-4 76110FRQ8 0.00 0.00 2.843750 % 0.00
A-I-5 76110FRR6 64,868,000.00 64,868,000.00 7.000000 % 0.00
A-II 76110FRS4 75,203,000.00 73,868,238.04 7.000000 % 826,422.89
A-V 76110FRU9 0.00 0.00 0.862809 % 0.00
R-I 76110FRV7 100.00 0.00 7.000000 % 0.00
R-II 76110FRW5 100.00 0.00 7.000000 % 0.00
M-1 76110FRX3 14,190,000.00 14,161,808.26 7.000000 % 9,587.11
M-2 76110FRY1 5,067,800.00 5,057,731.64 7.000000 % 3,423.93
M-3 76110FRZ8 5,067,800.00 5,057,731.64 7.000000 % 3,423.93
B-1 76110FSA2 2,230,000.00 2,225,569.58 7.000000 % 1,506.64
B-2 76110FSB0 1,216,400.00 1,213,983.34 7.000000 % 821.83
B-3 76110FSC8 1,621,792.30 1,618,570.23 7.000000 % 1,095.72
- - -------------------------------------------------------------------------------
405,421,992.30 392,571,478.00 5,869,868.23
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 681,458.70 4,700,327.64 0.00 0.00 121,821,807.28
A-I-2 335,907.11 335,907.11 0.00 0.00 59,732,445.00
A-I-3 199,649.96 1,204,367.20 0.00 0.00 37,922,006.81
A-I-4 92,224.10 92,224.10 0.00 0.00 0.00
A-I-5 378,297.69 378,297.69 0.00 0.00 64,868,000.00
A-II 430,785.34 1,257,208.23 0.00 0.00 73,041,815.15
A-V 282,188.12 282,188.12 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 82,588.94 92,176.05 0.00 0.00 14,152,221.15
M-2 29,495.71 32,919.64 0.00 0.00 5,054,307.71
M-3 29,495.71 32,919.64 0.00 0.00 5,054,307.71
B-1 12,979.09 14,485.73 0.00 0.00 2,224,062.94
B-2 7,079.72 7,901.55 0.00 0.00 1,213,161.51
B-3 9,439.19 10,534.91 0.00 0.00 1,617,474.52
- - -------------------------------------------------------------------------------
2,571,589.38 8,441,457.61 0.00 0.00 386,701,609.78
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 932.108968 29.767988 5.047603 34.815591 0.000000 902.340980
A-I-2 1000.000000 0.000000 5.623529 5.623529 0.000000 1000.000000
A-I-3 944.407241 24.375600 4.843738 29.219338 0.000000 920.031642
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.831808 5.831808 0.000000 1000.000000
A-II 982.251214 10.989228 5.728300 16.717528 0.000000 971.261986
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.013267 0.675624 5.820221 6.495845 0.000000 997.337643
M-2 998.013268 0.675625 5.820220 6.495845 0.000000 997.337644
M-3 998.013268 0.675625 5.820220 6.495845 0.000000 997.337644
B-1 998.013265 0.675623 5.820220 6.495843 0.000000 997.337641
B-2 998.013269 0.675625 5.820224 6.495849 0.000000 997.337644
B-3 998.013266 0.675623 5.820221 6.495844 0.000000 997.337649
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:07:03 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS4 (POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4290
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 81,309.68
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 11,848.65
SUBSERVICER ADVANCES THIS MONTH 58,933.94
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 64 7,059,228.67
(B) TWO MONTHLY PAYMENTS: 5 468,835.02
(C) THREE OR MORE MONTHLY PAYMENTS: 2 450,762.83
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 386,701,609.78
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,262
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,604,121.22
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.52737490 % 6.18416600 % 1.28845920 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.41908110 % 6.27378732 % 1.30713160 %
BANKRUPTCY AMOUNT AVAILABLE 230,361.00
FRAUD AMOUNT AVAILABLE 8,108,440.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,054,220.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.18870100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.43
POOL TRADING FACTOR: 95.38249457
................................................................................
Run: 08/03/98 12:05:00 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS5(POOL # 4299)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4299
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FSD6 151,551,000.00 146,885,700.89 6.750000 % 2,820,586.02
A-2 76110FSE4 75,936,500.00 75,936,500.00 6.750000 % 0.00
A-3 76110FSF1 17,485,800.00 17,485,800.00 6.750000 % 0.00
A-4 76110FSG9 13,164,700.00 13,164,700.00 6.750000 % 0.00
A-5 76110FSH7 67,790,000.00 67,790,000.00 6.750000 % 0.00
A-6 76110FSJ3 0.00 0.00 1.029468 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,633,767.03 6.750000 % 8,560.10
M-2 76110FSM6 4,216,900.00 4,211,255.67 6.750000 % 2,853.37
M-3 76110FSN4 4,392,600.00 4,386,720.50 6.750000 % 2,972.25
B-1 76110FSP9 1,757,100.00 1,754,748.12 6.750000 % 1,188.94
B-2 76110FSQ7 1,054,300.00 1,052,888.82 6.750000 % 713.39
B-3 76110FSR5 1,405,623.28 1,403,741.85 6.750000 % 951.11
- - -------------------------------------------------------------------------------
351,405,323.28 346,705,822.88 2,837,825.18
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 826,047.84 3,646,633.86 0.00 0.00 144,065,114.87
A-2 427,047.57 427,047.57 0.00 0.00 75,936,500.00
A-3 98,335.70 98,335.70 0.00 0.00 17,485,800.00
A-4 74,034.93 74,034.93 0.00 0.00 13,164,700.00
A-5 381,233.72 381,233.72 0.00 0.00 67,790,000.00
A-6 297,369.07 297,369.07 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 71,049.09 79,609.19 0.00 0.00 12,625,206.93
M-2 23,683.03 26,536.40 0.00 0.00 4,208,402.30
M-3 24,669.80 27,642.05 0.00 0.00 4,383,748.25
B-1 9,868.26 11,057.20 0.00 0.00 1,753,559.18
B-2 5,921.18 6,634.57 0.00 0.00 1,052,175.43
B-3 7,894.29 8,845.40 0.00 0.00 1,402,790.74
- - -------------------------------------------------------------------------------
2,247,154.48 5,084,979.66 0.00 0.00 343,867,997.70
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 969.216309 18.611464 5.450626 24.062090 0.000000 950.604845
A-2 1000.000000 0.000000 5.623746 5.623746 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623746 5.623746 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623746 5.623746 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623746 5.623746 0.000000 1000.000000
A-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.661499 0.676650 5.616218 6.292868 0.000000 997.984849
M-2 998.661498 0.676651 5.616218 6.292869 0.000000 997.984847
M-3 998.661499 0.676649 5.616218 6.292867 0.000000 997.984850
B-1 998.661499 0.676649 5.616220 6.292869 0.000000 997.984850
B-2 998.661501 0.676648 5.616219 6.292867 0.000000 997.984853
B-3 998.661498 0.676632 5.616220 6.292852 0.000000 997.984851
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:05:00 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS5 (POOL # 4299)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4299
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 72,031.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 16,490.76
SUBSERVICER ADVANCES THIS MONTH 78,137.27
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 72 9,349,211.36
(B) TWO MONTHLY PAYMENTS: 10 1,240,508.34
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 117,000.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 343,867,997.70
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,757
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 2,602,912.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.66146680 % 6.12385000 % 1.21468360 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.60591770 % 6.17020415 % 1.22387820 %
BANKRUPTCY AMOUNT AVAILABLE 249,990.00
FRAUD AMOUNT AVAILABLE 7,028,106.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,514,053.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.10951268
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.42
POOL TRADING FACTOR: 97.85509067
................................................................................
Run: 08/03/98 12:07:06 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6(POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4301
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FSS3 20,174,375.00 20,106,458.43 6.750000 % 211,863.48
CB-2 76110FST1 39,313,092.00 39,313,092.00 6.750000 % 0.00
CB-3 76110FSU8 13,813,906.00 13,813,906.00 6.750000 % 0.00
CB-4 76110FSV6 16,300,000.00 16,169,600.19 6.750000 % 406,777.88
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 135,944,737.91 6.750000 % 1,732,121.65
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 75,666,718.60 6.750000 % 283,006.46
NB-2 76110FTA1 4,494,000.00 3,313,962.66 6.750000 % 1,729,244.53
NB-3 76110FTB9 9,662,500.00 9,662,500.00 6.750000 % 0.00
NB-4 76110FTC7 10,000,000.00 9,843,008.46 6.750000 % 221,372.91
A-P 76110FTE3 57,464.36 57,412.29 0.000000 % 60.13
A-V 76110FTD5 0.00 0.00 0.975330 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 13,066,682.13 6.750000 % 9,143.36
M-2 76110FTH6 5,029,000.00 5,025,608.54 6.750000 % 3,516.65
M-3 76110FTJ2 4,224,500.00 4,221,651.08 6.750000 % 2,954.08
B-1 76110FTK9 2,011,600.00 2,010,243.42 6.750000 % 1,406.66
B-2 76110FTL7 1,207,000.00 1,206,186.02 6.750000 % 844.02
B-3 76110FTM5 1,609,449.28 1,608,363.88 6.750000 % 1,125.45
- - -------------------------------------------------------------------------------
402,311,611.64 399,968,756.61 4,603,437.26
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 113,050.01 324,913.49 0.00 0.00 19,894,594.95
CB-2 221,040.68 221,040.68 0.00 0.00 39,313,092.00
CB-3 77,669.68 77,669.68 0.00 0.00 13,813,906.00
CB-4 90,914.74 497,692.62 0.00 0.00 15,762,822.31
CB-5 115,262.72 115,262.72 0.00 0.00 20,500,000.00
CB-6 764,359.06 2,496,480.71 0.00 0.00 134,212,616.26
CB-7 159,898.22 159,898.22 0.00 0.00 28,438,625.00
NB-1 425,441.56 708,448.02 0.00 0.00 75,383,712.14
NB-2 0.00 1,729,244.53 18,632.99 0.00 1,603,351.12
NB-3 54,328.10 54,328.10 0.00 0.00 9,662,500.00
NB-4 55,343.02 276,715.93 0.00 0.00 9,621,635.55
A-P 0.00 60.13 0.00 0.00 57,352.16
A-V 324,944.14 324,944.14 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,468.36 82,611.72 0.00 0.00 13,057,538.77
M-2 28,256.85 31,773.50 0.00 0.00 5,022,091.89
M-3 23,736.54 26,690.62 0.00 0.00 4,218,697.00
B-1 11,302.74 12,709.40 0.00 0.00 2,008,836.76
B-2 6,781.87 7,625.89 0.00 0.00 1,205,342.00
B-3 9,043.14 10,168.59 0.00 0.00 1,607,238.42
- - -------------------------------------------------------------------------------
2,554,841.43 7,158,278.69 18,632.99 0.00 395,383,952.33
===============================================================================
Run: 08/03/98 12:07:06
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6(POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4301
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 996.633523 10.501613 5.603644 16.105257 0.000000 986.131910
CB-2 1000.000000 0.000000 5.622572 5.622572 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.622572 5.622572 0.000000 1000.000000
CB-4 992.000012 24.955698 5.577591 30.533289 0.000000 967.044314
CB-5 1000.000000 0.000000 5.622572 5.622572 0.000000 1000.000000
CB-6 995.932146 12.689536 5.599700 18.289236 0.000000 983.242610
CB-7 1000.000000 0.000000 5.622572 5.622572 0.000000 1000.000000
NB-1 996.919896 3.728651 5.605254 9.333905 0.000000 993.191246
NB-2 737.419372 384.789615 0.000000 384.789615 4.146193 356.775950
NB-3 1000.000000 0.000000 5.622572 5.622572 0.000000 1000.000000
NB-4 984.300846 22.137291 5.534302 27.671593 0.000000 962.163555
A-P 999.093873 1.046469 0.000000 1.046469 0.000000 998.047404
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.325619 0.699274 5.618780 6.318054 0.000000 998.626345
M-2 999.325619 0.699274 5.618781 6.318055 0.000000 998.626345
M-3 999.325620 0.699273 5.618781 6.318054 0.000000 998.626346
B-1 999.325621 0.699274 5.618781 6.318055 0.000000 998.626347
B-2 999.325617 0.699271 5.618782 6.318053 0.000000 998.626346
B-3 999.325608 0.699276 5.618779 6.318055 0.000000 998.626323
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:07:08 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS6 (POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4301
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 82,897.26
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,724.21
SUBSERVICER ADVANCES THIS MONTH 120,598.34
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 129 14,876,806.75
(B) TWO MONTHLY PAYMENTS: 10 1,712,899.16
(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 395,383,952.32
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,079
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,304,909.03
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.21478630 % 5.57892100 % 1.20629260 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.13991400 % 5.63966431 % 1.21960350 %
BANKRUPTCY AMOUNT AVAILABLE 182,918.00
FRAUD AMOUNT AVAILABLE 8,046,232.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,023,116.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.05053400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.43
POOL TRADING FACTOR: 98.27803645
................................................................................
Run: 08/03/98 12:07:10 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS7(POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4311
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FTZ6 172,668,000.00 172,668,000.00 6.750000 % 1,255,169.34
CB-2 76110FUA9 35,551,000.00 35,551,000.00 6.750000 % 0.00
CB-3 76110FUB7 44,215,000.00 44,215,000.00 6.750000 % 0.00
NB-1 76110FUC5 32,242,000.00 32,242,000.00 6.750000 % 0.00
NB-2 76110FUD3 77,840,000.00 77,840,000.00 6.750000 % 308,964.76
NB-3 76110FUE1 3,780,000.00 3,780,000.00 6.750000 % 883,812.71
NB-4 76110FUF1 13,684,000.00 13,684,000.00 6.750000 % 0.00
A-P 76110FUF8 73,404.89 73,404.89 0.000000 % 66.01
A-V 76110FUG6 0.00 0.00 0.972098 % 0.00
R 76110FUH4 100.00 100.00 6.750000 % 100.00
M-1 76110FUJ0 13,245,900.00 13,245,900.00 6.750000 % 9,029.17
M-2 76110FUK5 5,094,600.00 5,094,600.00 6.750000 % 3,472.77
M-3 76110FUM3 4,279,400.00 4,279,400.00 6.750000 % 2,917.09
B-1 76110FUN1 2,037,800.00 2,037,800.00 6.750000 % 1,389.08
B-2 76110FUP6 1,222,600.00 1,222,600.00 6.750000 % 833.39
B-3 76110FUQ4 1,631,527.35 1,631,527.35 6.750000 % 1,112.14
- - -------------------------------------------------------------------------------
407,565,332.24 407,565,332.24 2,466,866.46
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 971,056.50 2,226,225.84 0.00 0.00 171,412,830.66
CB-2 199,932.99 199,932.99 0.00 0.00 35,551,000.00
CB-3 248,657.91 248,657.91 0.00 0.00 44,215,000.00
NB-1 181,323.72 181,323.72 0.00 0.00 32,242,000.00
NB-2 437,759.39 746,724.15 0.00 0.00 77,531,035.24
NB-3 0.00 883,812.71 21,258.10 0.00 2,917,445.39
NB-4 76,956.57 76,956.57 0.00 0.00 13,684,000.00
A-P 0.00 66.01 0.00 0.00 73,338.88
A-V 330,092.74 330,092.74 0.00 0.00 0.00
R 0.56 100.56 0.00 0.00 0.00
M-1 74,492.77 83,521.94 0.00 0.00 13,236,870.83
M-2 28,651.20 32,123.97 0.00 0.00 5,091,127.23
M-3 24,066.65 26,983.74 0.00 0.00 4,276,482.91
B-1 11,460.26 12,849.34 0.00 0.00 2,036,410.92
B-2 6,875.71 7,709.10 0.00 0.00 1,221,766.61
B-3 9,175.44 10,287.58 0.00 0.00 1,630,415.20
- - -------------------------------------------------------------------------------
2,600,502.41 5,067,368.87 21,258.10 0.00 405,119,723.87
===============================================================================
Run: 08/03/98 12:07:10
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS7(POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4311
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 1000.000000 7.269264 5.623836 12.893100 0.000000 992.730736
CB-2 1000.000000 0.000000 5.623836 5.623836 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.623836 5.623836 0.000000 1000.000000
NB-1 1000.000000 0.000000 5.623836 5.623836 0.000000 1000.000000
NB-2 1000.000000 3.969229 5.623836 9.593065 0.000000 996.030771
NB-3 1000.000000 233.812886 0.000000 233.812886 5.623836 771.810950
NB-4 1000.000000 0.000000 5.623836 5.623836 0.000000 1000.000000
A-P 1000.000000 0.899282 0.000000 0.899282 0.000000 999.100718
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.600000 1005.600000 0.000000 0.000000
M-1 1000.000000 0.681658 5.623836 6.305494 0.000000 999.318342
M-2 1000.000000 0.681657 5.623837 6.305494 0.000000 999.318343
M-3 1000.000000 0.681659 5.623837 6.305496 0.000000 999.318341
B-1 1000.000000 0.681657 5.623839 6.305496 0.000000 999.318343
B-2 1000.000000 0.681654 5.623843 6.305497 0.000000 999.318346
B-3 1000.000000 0.681656 5.623835 6.305491 0.000000 999.318335
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:07:11 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS7 (POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4311
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 84,746.00
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 22,978.84
SUBSERVICER ADVANCES THIS MONTH 54,751.92
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 57 7,456,149.37
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 405,119,723.86
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,924
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 2,167,776.53
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.23170300 % 5.55000600 % 1.20028050 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.21236410 % 5.57970388 % 1.20692170 %
BANKRUPTCY AMOUNT AVAILABLE 167,865.00
FRAUD AMOUNT AVAILABLE 8,151,307.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,075,653.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.04919000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 0.00
POOL TRADING FACTOR: 99.39994691
................................................................................
Run: 08/03/98 12:07:14 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS8(POOL # 4306)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4306
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB 76110FTN3 124,454,000.00 124,454,000.00 6.500000 % 887,173.86
NB 76110FTP8 41,430,000.00 41,430,000.00 6.500000 % 145,592.01
A-P 76110FTQ6 63,383.01 63,383.01 0.000000 % 236.78
A-V 76110FTV5 0.00 0.00 0.945116 % 0.00
R 76110FTR4 100.00 100.00 6.500000 % 100.00
M-1 76110FTS2 4,507,000.00 4,507,000.00 6.500000 % 13,906.52
M-2 76110FTT0 780,000.00 780,000.00 6.500000 % 2,406.72
M-3 76110FTU7 693,500.00 693,500.00 6.500000 % 2,139.82
B-1 76110FTW3 520,000.00 520,000.00 6.500000 % 1,604.48
B-2 76110FTX1 433,500.00 433,500.00 6.500000 % 1,337.58
B-3 76110FTY9 433,464.63 433,464.63 6.500000 % 1,337.47
- - -------------------------------------------------------------------------------
173,314,947.64 173,314,947.64 1,055,835.24
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 673,514.92 1,560,688.78 0.00 0.00 123,566,826.14
NB 224,209.13 369,801.14 0.00 0.00 41,284,407.99
A-P 0.00 236.78 0.00 0.00 63,146.23
A-V 136,378.54 136,378.54 0.00 0.00 0.00
R 0.54 100.54 0.00 0.00 0.00
M-1 24,390.80 38,297.32 0.00 0.00 4,493,093.48
M-2 4,221.17 6,627.89 0.00 0.00 777,593.28
M-3 3,753.06 5,892.88 0.00 0.00 691,360.18
B-1 2,814.12 4,418.60 0.00 0.00 518,395.52
B-2 2,346.00 3,683.58 0.00 0.00 432,162.42
B-3 2,345.80 3,683.27 0.00 0.00 432,127.16
- - -------------------------------------------------------------------------------
1,073,974.08 2,129,809.32 0.00 0.00 172,259,112.40
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 1000.000000 7.128528 5.411758 12.540286 0.000000 992.871472
NB 1000.000000 3.514169 5.411758 8.925927 0.000000 996.485831
A-P 1000.000000 3.735778 0.000000 3.735778 0.000000 996.264222
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.400000 1005.400000 0.000000 0.000000
M-1 1000.000000 3.085538 5.411759 8.497297 0.000000 996.914462
M-2 1000.000000 3.085538 5.411756 8.497294 0.000000 996.914462
M-3 1000.000000 3.085537 5.411766 8.497303 0.000000 996.914463
B-1 1000.000000 3.085538 5.411769 8.497307 0.000000 996.914462
B-2 1000.000000 3.085536 5.411765 8.497301 0.000000 996.914464
B-3 1000.000000 3.085534 5.411745 8.497279 0.000000 996.914477
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:07:15 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS8 (POOL # 4306)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4306
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 36,064.08
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 12,216.75
SUBSERVICER ADVANCES THIS MONTH 18,240.79
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 1,982,443.83
(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 172,259,112.40
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,717
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 521,045.85
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.71251770 % 3.45065400 % 0.80025680 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.73466660 % 3.46109234 % 0.80297180 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,733,149.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,733,149.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.77232300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 174.74
POOL TRADING FACTOR: 99.39079967
................................................................................
Run: 08/03/98 12:05:10 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS10(POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4313
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FUR2 25,000,000.00 25,000,000.00 6.750000 % 226,445.28
A-2 76110FUS0 29,011,000.00 29,011,000.00 6.750000 % 801,272.09
A-3 76110FUT8 12,434,000.00 12,434,000.00 6.750000 % 0.00
A-4 76110FUU5 17,404,000.00 17,404,000.00 6.750000 % 0.00
A-5 76110FUV3 7,831,000.00 7,831,000.00 6.750000 % 0.00
A-6 76110FUW1 13,853,000.00 13,853,000.00 6.750000 % 0.00
A-7 76110FUX9 14,886,000.00 14,886,000.00 6.750000 % 0.00
A-8 76110FUY7 8,409,000.00 8,409,000.00 6.750000 % 0.00
A-9 76110FUZ4 5,000,000.00 5,000,000.00 6.750000 % 0.00
A-10 76110FVA8 16,186,000.00 16,186,000.00 6.750000 % 10,759.61
A-11 76110FVB6 10,998.00 10,998.00 0.000000 % 128.50
A-12 76110FVC4 0.00 0.00 1.031009 % 0.00
R 76110FVD2 100.00 100.00 6.750000 % 100.00
M-1 76110FVE0 4,827,000.00 4,827,000.00 6.750000 % 3,208.74
M-2 76110FVF7 2,011,300.00 2,011,300.00 6.750000 % 1,337.01
M-3 76110FVG5 2,011,300.00 2,011,300.00 6.750000 % 1,337.01
B-1 76110FVH3 884,900.00 884,900.00 6.750000 % 588.24
B-2 76110FVJ9 482,700.00 482,700.00 6.750000 % 320.87
B-3 76110FVK6 643,577.01 643,577.01 6.750000 % 427.81
- - -------------------------------------------------------------------------------
160,885,875.01 160,885,875.01 1,045,925.16
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 140,600.01 367,045.29 0.00 0.00 24,773,554.72
A-2 163,157.88 964,429.97 0.00 0.00 28,209,727.91
A-3 69,928.82 69,928.82 0.00 0.00 12,434,000.00
A-4 97,880.10 97,880.10 0.00 0.00 17,404,000.00
A-5 44,041.55 44,041.55 0.00 0.00 7,831,000.00
A-6 77,909.28 77,909.28 0.00 0.00 13,853,000.00
A-7 83,718.87 83,718.87 0.00 0.00 14,886,000.00
A-8 47,292.22 47,292.22 0.00 0.00 8,409,000.00
A-9 28,120.00 28,120.00 0.00 0.00 5,000,000.00
A-10 91,030.07 101,789.68 0.00 0.00 16,175,240.39
A-11 0.00 128.50 0.00 0.00 10,869.50
A-12 138,204.36 138,204.36 0.00 0.00 0.00
R 0.56 100.56 0.00 0.00 0.00
M-1 27,147.06 30,355.80 0.00 0.00 4,823,791.26
M-2 11,311.55 12,648.56 0.00 0.00 2,009,962.99
M-3 11,311.55 12,648.56 0.00 0.00 2,009,962.99
B-1 4,976.68 5,564.92 0.00 0.00 884,311.76
B-2 2,714.71 3,035.58 0.00 0.00 482,379.13
B-3 3,619.48 4,047.29 0.00 0.00 643,149.20
- - -------------------------------------------------------------------------------
1,042,964.75 2,088,889.91 0.00 0.00 159,839,949.85
===============================================================================
Run: 08/03/98 12:05:10
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS10(POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4313
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 9.057811 5.624000 14.681811 0.000000 990.942189
A-2 1000.000000 27.619596 5.624001 33.243597 0.000000 972.380404
A-3 1000.000000 0.000000 5.624000 5.624000 0.000000 1000.000000
A-4 1000.000000 0.000000 5.624000 5.624000 0.000000 1000.000000
A-5 1000.000000 0.000000 5.624001 5.624001 0.000000 1000.000000
A-6 1000.000000 0.000000 5.624001 5.624001 0.000000 1000.000000
A-7 1000.000000 0.000000 5.624000 5.624000 0.000000 1000.000000
A-8 1000.000000 0.000000 5.624000 5.624000 0.000000 1000.000000
A-9 1000.000000 0.000000 5.624000 5.624000 0.000000 1000.000000
A-10 1000.000000 0.664748 5.624000 6.288748 0.000000 999.335252
A-11 1000.000000 11.683943 0.000000 11.683943 0.000000 988.316058
A-12 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.600000 1005.600000 0.000000 0.000000
M-1 1000.000000 0.664748 5.624002 6.288750 0.000000 999.335252
M-2 1000.000000 0.664749 5.623999 6.288748 0.000000 999.335251
M-3 1000.000000 0.664749 5.623999 6.288748 0.000000 999.335251
B-1 1000.000000 0.664753 5.624003 6.288756 0.000000 999.335247
B-2 1000.000000 0.664740 5.624011 6.288751 0.000000 999.335260
B-3 1000.000000 0.664753 5.624004 6.288757 0.000000 999.335262
_______________________________________________________________________________
DETERMINATION DATE 20-July-98
DISTRIBUTION DATE 27-July-98
Run: 08/03/98 12:05:11 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS10 (POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4313
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 33,467.09
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,502.45
SUBSERVICER ADVANCES THIS MONTH 6,467.76
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 6 910,717.32
(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 159,839,949.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,187
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 938,973.96
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.24892910 % 5.50092100 % 1.25014980 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.20927250 % 5.53285787 % 1.25749340 %
BANKRUPTCY AMOUNT AVAILABLE 132,896.00
FRAUD AMOUNT AVAILABLE 3,217,718.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,608,859.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.10959734
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 357.50
POOL TRADING FACTOR: 99.34989622
................................................................................
