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)
May 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 May 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-QS6 1996-QS5
1996-QS7 1996-QS8 1997-QS1 1997-QS2 1997-QS3 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-QS3GR2 1998-QS4
1998-QS5
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: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
Dated: May 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:
Name: Davee Olson
Title: Chief Financial Officer
Dated: May 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 26,387,854.19 6.900000 % 5,512,295.16
A-3 76110FAC7 22,250,000.00 22,250,000.00 7.300000 % 0.00
A-4 76110FAD5 46,000,000.00 46,000,000.00 7.500000 % 0.00
A-5 76110FAE3 22,100,000.00 22,100,000.00 7.500000 % 0.00
A-6 76110FAF0 31,109,000.00 31,109,000.00 7.500000 % 0.00
R 514.42 2,326,135.63 0.000000 % 0.00
- -------------------------------------------------------------------------------
258,459,514.42 150,172,989.82 5,512,295.16
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 0.00 0.00 0.00 0.00 0.00
A-2 151,730.16 5,664,025.32 0.00 0.00 20,875,559.03
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 76,172.61 76,172.61 0.00 0.00 2,326,135.63
- -------------------------------------------------------------------------------
983,313.19 6,495,608.35 0.00 0.00 144,660,694.66
=====================================================================
==========
______________________________________________________________________________
_
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-2 319.852778 66.815699 1.839153 68.654852 0.000000 253.037079
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-May-98
DISTRIBUTION DATE 26-May-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 30,351.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,848.06
SUBSERVICER ADVANCES THIS MONTH 81,968.51
MASTER SERVICER ADVANCES THIS MONTH 11,993.96
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 64 5,508,124.20
(B) TWO MONTHLY PAYMENTS: 6 571,721.12
(C) THREE OR MORE MONTHLY PAYMENTS: 4 413,289.46
FORECLOSURES
NUMBER OF LOANS 23
AGGREGATE PRINCIPAL BALANCE 3,215,665.63
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 144,660,694.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,647
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 12
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,449,773.07
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,092,333.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 41,918.65
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.45102930 % 1.54897070 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.39200580 % 1.60799420 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33255765
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 296.29
POOL TRADING FACTOR: 55.97034993
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4194
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FAG8 52,015,000.00 0.00 6.000000 % 0.00
A-I- 76110FAH6 67,186,000.00 26,731,961.28 6.250000 % 4,467,392.55
A-I- 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
A-I- 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I- 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I- 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I- 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 13,237,985.77 6.027500 % 11,676.21
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 149,362,677.53 4,479,068.76
===============================================================================
_______________________________________________________________________________
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-2 139,228.97 4,606,621.52 0.00 0.00 22,264,568.73
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 66,493.30 78,169.51 0.00 0.00 13,226,309.56
R 235,149.57 235,149.57 0.00 0.00 2,026,594.48
- -------------------------------------------------------------------------------
1,059,262.09 5,538,330.85 0.00 0.00 144,883,608.77
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 397.879935 66.492908 2.072291 68.565199 0.000000 331.387026
A-I- 1000.000000 0.000000 5.625000 5.625000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.583334 5.583334 0.000000 1000.000000
A-II 450.655326 0.397488 2.263604 2.661092 0.000000 450.257837
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-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 31,445.04
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 74,699.07
MASTER SERVICER ADVANCES THIS MONTH 19,933.73
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 4,160,229.19
(B) TWO MONTHLY PAYMENTS: 7 1,032,156.65
(C) THREE OR MORE MONTHLY PAYMENTS: 5 584,994.39
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 3,490,578.41
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 144,883,608.77
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,283
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 2,472,502.63
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,328,956.27
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.64317210 % 1.35682790 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.60122580 % 1.39877420 %
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 8.98737000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 306.70
POOL TRADING FACTOR: 56.60796180
................................................................................
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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 1,987,865.93 7.000000 % 1,987,865.93
A-3 76110FAU7 28,500,000.00 28,500,000.00 7.050000 % 2,319,251.69
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 178,007.00 132,907.13 0.000000 % 152.80
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 129,673,298.24 4,307,270.42
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 11,595.88 1,999,461.81 0.00 0.00 0.00
A-3 167,437.50 2,486,689.19 0.00 0.00 26,180,748.31
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 0.00 152.80 0.00 0.00 132,754.33
R 113,235.54 113,235.54 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
886,769.40 5,194,039.82 0.00 0.00 125,366,027.82
===============================================================================
_______________________________________________________________________________
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-2 124.241621 124.241621 0.724743 124.966364 0.000000 0.000000
A-3 1000.000000 81.377252 5.875000 87.252252 0.000000 918.622748
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-10 746.639907 0.858393 0.000000 0.858393 0.000000 745.781514
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-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 26,591.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 80,206.00
MASTER SERVICER ADVANCES THIS MONTH 2,356.14
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 5,369,941.72
(B) TWO MONTHLY PAYMENTS: 9 2,176,374.14
(C) THREE OR MORE MONTHLY PAYMENTS: 1 110,907.58
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 2,363,089.87
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 125,366,027.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,247
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 314,641.30
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,102,586.20
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.59715590 % 1.40284410 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.54895760 % 1.45104240 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78174478
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 312.21
POOL TRADING FACTOR: 68.91597526
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FBC6 42,855,000.00 0.00 6.780000 % 0.00
A-I- 76110FBD4 26,000,000.00 9,192,196.70 7.150000 % 9,192,196.70
A-I- 76110FBE2 10,596,000.00 10,596,000.00 7.290000 % 105,063.02
A-I- 76110FBF9 25,000,000.00 18,875,880.84 7.250000 % 254,368.69
A-I- 76110FBG7 18,587,000.00 18,587,000.00 7.460000 % 0.00
A-I- 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I- 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I- 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I- 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I- 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I- 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 16,146,847.10 7.750000 % 284,910.40
A-P 76110FBQ5 1,166,695.86 1,016,927.51 0.000000 % 4,395.86
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 12,255,242.21 7.750000 % 13,051.02
M-2 76110FBU6 5,568,000.00 5,446,556.91 7.750000 % 5,800.22
M-3 76110FBV4 4,176,000.00 4,084,917.70 7.750000 % 4,350.17
B-1 1,809,600.00 1,770,130.99 7.750000 % 1,885.07
B-2 696,000.00 680,819.61 7.750000 % 725.03
B-3 1,670,738.96 1,582,872.69 7.750000 % 1,685.65
SPRE 0.00 0.00 0.710685 % 0.00
A-V 7611OFHY2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 207,434,954.26 9,868,431.83
===============================================================================
_______________________________________________________________________________
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 54,326.67 9,246,523.37 0.00 0.00 0.00
A-I-3 63,849.46 168,912.48 0.00 0.00 10,490,936.98
A-I-4 113,118.33 367,487.02 0.00 0.00 18,621,512.15
A-I-5 114,613.52 114,613.52 0.00 0.00 18,587,000.00
A-I-6 138,985.38 138,985.38 0.00 0.00 21,696,000.00
A-I-7 51,549.38 51,549.38 0.00 0.00 8,047,000.00
A-I-8 111,695.66 111,695.66 0.00 0.00 17,436,000.00
A-I-9 161,079.80 161,079.80 0.00 0.00 25,145,000.00
A-I-10 121,714.70 121,714.70 0.00 0.00 19,000,000.00
A-I-11 101,699.43 101,699.43 0.00 0.00 15,875,562.00
A-II 103,437.30 388,347.70 0.00 0.00 15,861,936.70
A-P 0.00 4,395.86 0.00 0.00 1,012,531.65
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 78,507.53 91,558.55 0.00 0.00 12,242,191.19
M-2 34,890.84 40,691.06 0.00 0.00 5,440,756.69
M-3 26,168.13 30,518.30 0.00 0.00 4,080,567.53
B-1 11,339.53 13,224.60 0.00 0.00 1,768,245.92
B-2 4,361.36 5,086.39 0.00 0.00 680,094.58
B-3 10,139.94 11,825.59 0.00 0.00 1,553,752.90
SPRED 121,855.89 121,855.89 0.00 0.00 0.00
A-V 20,844.54 20,844.54 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,444,177.39 11,312,609.22 0.00 0.00 197,539,088.29
===============================================================================
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 353.546027 353.546027 2.089487 355.635514 0.000000 0.000000
A-I- 1000.000000 9.915347 6.025808 15.941155 0.000000 990.084653
A-I- 755.035234 10.174748 4.524733 14.699481 0.000000 744.860486
A-I- 1000.000000 0.000000 6.166327 6.166327 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.406037 6.406037 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.406037 6.406037 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.406037 6.406037 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.406037 6.406037 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.406037 6.406037 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.406037 6.406037 0.000000 1000.000000
A-II 785.679674 13.863283 5.033093 18.896376 0.000000 771.816391
A-P 871.630341 3.767788 0.000000 3.767788 0.000000 867.862553
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-1 978.189106 1.041707 6.266315 7.308022 0.000000 977.147399
M-2 978.189100 1.041706 6.266315 7.308021 0.000000 977.147394
M-3 978.189104 1.041707 6.266315 7.308022 0.000000 977.147397
B-1 978.189097 1.041705 6.266319 7.308024 0.000000 977.147392
B-2 978.189095 1.041710 6.266322 7.308032 0.000000 977.147385
B-3 947.408738 1.008925 6.069135 7.078060 0.000000 929.979452
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:16:30 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 42,535.30
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 58,884.25
MASTER SERVICER ADVANCES THIS MONTH 1,823.62
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 4,139,066.45
(B) TWO MONTHLY PAYMENTS: 12 2,049,381.78
(C) THREE OR MORE MONTHLY PAYMENTS: 2 319,364.25
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 879,060.30
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 197,539,088.29
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,892
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 229,962.68
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 9,457,751.67
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.06222500 % 10.50291500 % 1.94462080 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 86.88950270 % 11.01732098 % 2.03641350 %
BANKRUPTCY AMOUNT AVAILABLE 164,142.00
FRAUD AMOUNT AVAILABLE 2,495,950.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,495,950.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.74959100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 311.78
POOL TRADING FACTOR: 70.95392556
................................................................................
Run: 05/20/98 14:16:31 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FBW2 45,914,000.00 0.00 6.850000 % 0.00
A-I- 76110FBX0 26,945,000.00 8,550,833.62 11.000000 % 1,161,144.18
A-I- 76110FBY8 15,646,000.00 8,964,346.45 7.300000 % 4,975,968.73
A-I- 76110FBZ5 32,740,000.00 32,740,000.00 7.500000 % 0.00
A-I- 76110FCA9 10,023,000.00 10,023,000.00 7.700000 % 0.00
A-I- 76110FCB7 26,811,000.00 26,811,000.00 8.000000 % 0.00
A-I- 76110FCC5 18,046,000.00 18,046,000.00 8.000000 % 0.00
A-I- 76110FCD3 9,094,000.00 9,094,000.00 8.000000 % 0.00
A-I- 76110FCE1 10,284,000.00 10,284,000.00 8.000000 % 0.00
A-I- 76110FCF8 27,538,000.00 27,538,000.00 7.900000 % 0.00
A-II 76110FCG6 16,021,000.00 9,830,393.13 7.250000 % 399,595.57
A-II 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,480,508.97 0.000000 % 48,228.60
A-V 76110FGN7 0.00 0.00 0.755401 % 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 12,967,969.91 8.000000 % 13,913.72
M-2 76110FCN1 5,570,800.00 5,460,259.75 8.000000 % 5,858.48
M-3 76110FCP6 4,456,600.00 4,368,168.61 8.000000 % 4,686.74
B-1 76110FCR2 2,228,400.00 2,184,182.32 8.000000 % 2,343.47
B-2 76110FCS0 696,400.00 682,581.47 8.000000 % 732.36
B-3 76110FCT8 1,671,255.97 1,252,629.64 8.000000 % 0.00
STRI 0.00 0.00 0.123595 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 199,857,873.87 6,612,471.85
===============================================================================
_______________________________________________________________________________
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 78,289.31 1,239,433.49 0.00 0.00 7,389,689.44
A-I-3 54,468.18 5,030,436.91 0.00 0.00 3,988,377.72
A-I-4 204,381.35 204,381.35 0.00 0.00 32,740,000.00
A-I-5 64,237.67 64,237.67 0.00 0.00 10,023,000.00
A-I-6 178,527.17 178,527.17 0.00 0.00 26,811,000.00
A-I-7 120,163.42 120,163.42 0.00 0.00 18,046,000.00
A-I-8 60,554.48 60,554.48 0.00 0.00 9,094,000.00
A-I-9 68,478.36 68,478.36 0.00 0.00 10,284,000.00
A-I-10 181,075.96 181,075.96 0.00 0.00 27,538,000.00
A-II-1 59,321.24 458,916.81 0.00 0.00 9,430,797.56
A-II-2 54,632.37 54,632.37 0.00 0.00 8,580,000.00
A-P 0.00 48,228.60 0.00 0.00 2,432,280.37
A-V 125,660.89 125,660.89 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 86,350.19 100,263.91 0.00 0.00 12,954,056.19
M-2 36,358.39 42,216.87 0.00 0.00 5,454,401.27
M-3 29,086.45 33,773.19 0.00 0.00 4,363,481.87
B-1 14,543.88 16,887.35 0.00 0.00 2,181,838.85
B-2 4,545.12 5,277.48 0.00 0.00 681,849.11
B-3 7,770.90 7,770.90 0.00 0.00 1,199,639.61
STRIP 10,927.84 10,927.84 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,439,373.17 8,051,845.02 0.00 0.00 193,192,411.99
===============================================================================
Run: 05/20/98 14:16:31
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- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 317.343983 43.093122 2.905523 45.998645 0.000000 274.250861
A-I- 572.948131 318.034560 3.481285 321.515845 0.000000 254.913570
A-I- 1000.000000 0.000000 6.242558 6.242558 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.409026 6.409026 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658729 6.658729 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658729 6.658729 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658729 6.658729 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658728 6.658728 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.575494 6.575494 0.000000 1000.000000
A-II 613.594228 24.941987 3.702718 28.644705 0.000000 588.652241
A-II 1000.000000 0.000000 6.367409 6.367409 0.000000 1000.000000
A-P 816.054076 15.866562 0.000000 15.866562 0.000000 800.187514
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 980.157206 1.051640 6.526601 7.578241 0.000000 979.105566
M-2 980.157204 1.051641 6.526601 7.578242 0.000000 979.105563
M-3 980.157207 1.051640 6.526601 7.578241 0.000000 979.105567
B-1 980.157207 1.051638 6.526602 7.578240 0.000000 979.105569
B-2 980.157194 1.051637 6.526594 7.578231 0.000000 979.105557
B-3 749.513936 0.000000 4.649737 4.649737 0.000000 717.807228
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:16:32 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 41,061.36
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 60,196.31
MASTER SERVICER ADVANCES THIS MONTH 1,731.99
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 48 4,291,683.63
(B) TWO MONTHLY PAYMENTS: 5 615,583.55
(C) THREE OR MORE MONTHLY PAYMENTS: 2 470,857.17
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 2,062,051.62
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 193,192,411.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,024
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 221,737.41
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,306,137.67
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.29139730 % 11.40630500 % 2.06116140 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.93245520 % 11.78718103 % 2.13007170 %
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 8.98363100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 303.79
POOL TRADING FACTOR: 69.35999472
................................................................................
Run: 05/20/98 14:16:33 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS5 (POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4222
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FCU5 23,848,000.00 7,526,764.52 9.500000 % 1,112,627.99
A-I- 76110FCV3 25,000,000.00 12,250,704.20 7.600000 % 1,755,348.14
A-I- 76110FCW1 12,373,000.00 0.00 6.650000 % 0.00
A-I- 76110FCX9 7,100,000.00 2,228,844.71 7.450000 % 1,757,823.49
A-I- 76110FCY7 10,137,000.00 10,137,000.00 7.600000 % 0.00
A-I- 76110FCZ4 5,558,000.00 5,558,000.00 7.800000 % 0.00
A-I- 76110FDA8 16,926,000.00 16,926,000.00 8.000000 % 0.00
A-I- 76110FDB6 6,884,000.00 6,884,000.00 8.000000 % 0.00
A-I- 76110FDC4 11,229,000.00 11,229,000.00 8.000000 % 0.00
A-I- 76110FDD2 22,501,000.00 22,501,000.00 8.000000 % 0.00
A-II 76110FDE0 11,162,000.00 8,075,898.22 8.000000 % 472,601.97
A-II 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 945,134.37 0.000000 % 44,841.79
A-V 76110FGP2 0.00 0.00 0.865776 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,778,277.26 8.000000 % 10,229.17
M-2 76110FDK6 3,958,800.00 3,888,696.63 8.000000 % 5,114.01
M-3 76110FDL4 2,815,100.00 2,765,249.53 8.000000 % 3,636.57
B-1 76110FDM2 1,407,600.00 1,382,673.88 8.000000 % 1,818.35
B-2 76110FDN0 439,800.00 432,011.93 8.000000 % 568.14
B-3 76110FDP5 1,055,748.52 1,000,442.77 8.000000 % 1,315.68
- -------------------------------------------------------------------------------
175,944,527.21 126,034,698.02 5,165,925.30
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 59,341.73 1,171,969.72 0.00 0.00 6,414,136.53
A-I-2 77,268.57 1,832,616.71 0.00 0.00 10,495,356.06
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 13,780.48 1,771,603.97 0.00 0.00 471,021.22
A-I-5 63,936.86 63,936.86 0.00 0.00 10,137,000.00
A-I-6 35,978.36 35,978.36 0.00 0.00 5,558,000.00
A-I-7 112,375.74 112,375.74 0.00 0.00 16,926,000.00
A-I-8 45,704.51 45,704.51 0.00 0.00 6,884,000.00
A-I-9 74,552.00 74,552.00 0.00 0.00 11,229,000.00
A-I-10 149,389.50 149,389.50 0.00 0.00 22,501,000.00
A-II-1 53,617.81 526,219.78 0.00 0.00 7,603,296.25
A-II-2 30,042.56 30,042.56 0.00 0.00 4,525,000.00
A-P 0.00 44,841.79 0.00 0.00 900,292.58
A-V 90,557.38 90,557.38 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 51,641.83 61,871.00 0.00 0.00 7,768,048.09
M-2 25,817.98 30,931.99 0.00 0.00 3,883,582.62
M-3 18,359.15 21,995.72 0.00 0.00 2,761,612.96
B-1 9,179.91 10,998.26 0.00 0.00 1,380,855.53
B-2 2,868.23 3,436.37 0.00 0.00 431,443.79
B-3 6,642.18 7,957.86 0.00 0.00 999,127.55
- -------------------------------------------------------------------------------
921,054.78 6,086,980.08 0.00 0.00 120,868,773.18
===============================================================================
Run: 05/20/98 14:16:33
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- 315.614077 46.654981 2.488332 49.143313 0.000000 268.959096
A-I- 490.028168 70.213926 3.090743 73.304669 0.000000 419.814242
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 313.921790 247.580773 1.940913 249.521686 0.000000 66.341017
A-I- 1000.000000 0.000000 6.307276 6.307276 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.473257 6.473257 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.639238 6.639238 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.639237 6.639237 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.639238 6.639238 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.639238 6.639238 0.000000 1000.000000
A-II 723.517131 42.340259 4.803602 47.143861 0.000000 681.176872
A-II 1000.000000 0.000000 6.639240 6.639240 0.000000 1000.000000
A-P 854.645612 40.548557 0.000000 40.548557 0.000000 814.097055
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 982.291755 1.291807 6.521668 7.813475 0.000000 980.999948
M-2 982.291763 1.291808 6.521668 7.813476 0.000000 980.999955
M-3 982.291759 1.291808 6.521669 7.813477 0.000000 980.999950
B-1 982.291759 1.291809 6.521675 7.813484 0.000000 980.999950
B-2 982.291792 1.291814 6.521669 7.813483 0.000000 980.999977
B-3 947.614655 1.246206 6.291441 7.537647 0.000000 946.368881
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:16:34 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 25,758.38
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,488.58
MASTER SERVICER ADVANCES THIS MONTH 997.98
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 2,938,122.33
(B) TWO MONTHLY PAYMENTS: 8 1,614,220.33
(C) THREE OR MORE MONTHLY PAYMENTS: 2 172,957.90
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,424,320.81
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 120,868,773.18
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,244
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 126,431.21
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,996,925.70
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.56549370 % 11.45099200 % 2.23361390 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.64233670 % 11.92470420 % 2.34347130 %
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 9.13705200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 309.02
POOL TRADING FACTOR: 68.69709169
................................................................................
Run: 05/20/98 14:16:35 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FDQ3 20,106,154.00 0.00 7.050000 % 0.00
A-I- 76110FDR1 43,322,483.00 16,821,817.40 6.056250 % 3,482,580.22
A-I- 76110FDS9 0.00 0.00 2.943750 % 0.00
A-I- 76110FDT7 13,330,948.00 6,060,949.44 7.125000 % 3,421,482.48
A-I- 76110FDU4 24,973,716.00 22,377,288.40 7.600000 % 1,221,957.81
A-I- 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I- 76110FDW0 1,000,000.00 1,000,000.00 7.700000 % 0.00
A-I- 76110FDX8 9,539,699.00 9,539,699.00 7.700000 % 0.00
A-I- 76110FDY6 22,526,000.00 22,526,000.00 8.000000 % 0.00
A-I- 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I- 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I- 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 15,596,377.82 8.000000 % 661,813.15
A-P 76110FED1 601,147.92 489,705.98 0.000000 % 10,381.21
A-V 76110FGQ0 0.00 0.00 0.805122 % 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 8,981,576.39 8.000000 % 8,566.70
M-2 76110FEH2 5,126,400.00 5,051,582.43 8.000000 % 4,818.24
M-3 76110FEJ8 3,645,500.00 3,592,295.50 8.000000 % 3,426.36
B-1 1,822,700.00 1,796,098.49 8.000000 % 1,713.13
B-2 569,600.00 561,286.95 8.000000 % 535.36
B-3 1,366,716.75 1,329,835.50 8.000000 % 1,268.41
- -------------------------------------------------------------------------------
227,839,864.67 166,414,513.30 8,818,543.07
===============================================================================
_______________________________________________________________________________
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 83,615.97 3,566,196.19 0.00 0.00 13,339,237.18
A-I-3 40,643.06 40,643.06 0.00 0.00 0.00
A-I-4 35,443.62 3,456,926.10 0.00 0.00 2,639,466.96
A-I-5 139,583.35 1,361,541.16 0.00 0.00 21,155,330.59
A-I-6 487.80 487.80 0.00 0.00 0.00
A-I-7 6,319.80 6,319.80 0.00 0.00 1,000,000.00
A-I-8 60,288.98 60,288.98 0.00 0.00 9,539,699.00
A-I-9 147,906.28 147,906.28 0.00 0.00 22,526,000.00
A-I-10 76,494.19 76,494.19 0.00 0.00 11,650,000.00
A-I-11 199,745.05 199,745.05 0.00 0.00 30,421,000.00
A-I-12 56,592.57 56,592.57 0.00 0.00 8,619,000.00
A-II 102,406.20 764,219.35 0.00 0.00 14,934,564.67
A-P 0.00 10,381.21 0.00 0.00 479,324.77
A-V 109,967.76 109,967.76 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 58,973.26 67,539.96 0.00 0.00 8,973,009.69
M-2 33,168.82 37,987.06 0.00 0.00 5,046,764.19
M-3 23,587.11 27,013.47 0.00 0.00 3,588,869.14
B-1 11,793.23 13,506.36 0.00 0.00 1,794,385.36
B-2 3,685.42 4,220.78 0.00 0.00 560,751.59
B-3 8,731.73 10,000.14 0.00 0.00 1,328,567.09
- -------------------------------------------------------------------------------
1,199,434.20 10,017,977.27 0.00 0.00 157,595,970.23
===============================================================================
Run: 05/20/98 14:16:35
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 388.293012 80.387364 1.930083 82.317447 0.000000 307.905648
A-I- 454.652545 256.657102 2.658747 259.315849 0.000000 197.995443
A-I- 896.033590 48.929755 5.589210 54.518965 0.000000 847.103835
A-I- 1000.000000 0.000000 6.319800 6.319800 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.319799 6.319799 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.566025 6.566025 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.566025 6.566025 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.566025 6.566025 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.566025 6.566025 0.000000 1000.000000
A-II 775.784810 32.919476 5.093822 38.013298 0.000000 742.865334
A-P 814.618106 17.268977 0.000000 17.268977 0.000000 797.349129
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 985.405436 0.939888 6.470197 7.410085 0.000000 984.465549
M-2 985.405437 0.939888 6.470197 7.410085 0.000000 984.465549
M-3 985.405431 0.939888 6.470199 7.410087 0.000000 984.465544
B-1 985.405437 0.939886 6.470198 7.410084 0.000000 984.465551
B-2 985.405460 0.939888 6.470190 7.410078 0.000000 984.465572
B-3 973.014708 0.928071 6.388837 7.316908 0.000000 972.086637
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:16:35 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 33,659.93
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 53,254.95
MASTER SERVICER ADVANCES THIS MONTH 2,842.29
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 3,775,440.36
(B) TWO MONTHLY PAYMENTS: 7 916,970.17
(C) THREE OR MORE MONTHLY PAYMENTS: 1 76,051.97
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 1,877,984.95
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 157,595,970.23
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,627
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 347,797.05
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,653,722.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.89875010 % 10.59129600 % 2.21568470 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.44806410 % 11.17328254 % 2.34456640 %
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 9.11255100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 311.93
POOL TRADING FACTOR: 69.16962072
................................................................................
Run: 05/20/98 14:14:33 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 2,523,092.83 7.400000 % 184,289.84
A-2 76110FEL3 4,074,824.00 1,003,878.40 7.300000 % 316,125.19
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 7,702,864.94 7.400000 % 752,570.62
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 21,457,046.73 6.156250 % 1,239,359.25
A-8 76110FES8 0.00 0.00 2.843750 % 0.00
A-9 76110FET6 32,965,000.00 9,622,333.47 0.000000 % 2,599,985.96
A-10 76110FEU3 20,953,719.00 20,458,119.00 7.400000 % 61,841.44
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 95,919.89 0.000000 % 1,343.85
A-15 76110FGR8 0.00 0.00 0.901389 % 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 6,575,151.37 7.750000 % 10,668.83
M-2 76110FFC2 4,440,700.00 4,383,467.16 7.750000 % 7,112.61
M-3 76110FFD0 3,108,500.00 3,068,436.88 7.750000 % 4,978.84
B-1 1,509,500.00 1,490,045.20 7.750000 % 2,417.75
B-2 444,000.00 438,277.63 7.750000 % 711.15
B-3 1,154,562.90 1,081,806.07 7.750000 % 1,755.20
- -------------------------------------------------------------------------------
177,623,205.60 136,016,251.57 5,183,160.53
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 15,453.63 199,743.47 0.00 0.00 2,338,802.99
A-2 6,065.55 322,190.74 0.00 0.00 687,753.21
A-3 76,605.55 76,605.55 0.00 0.00 13,128,206.00
A-4 22,749.44 22,749.44 0.00 0.00 3,765,148.00
A-5 47,179.11 799,749.73 0.00 0.00 6,950,294.32
A-6 15,927.75 15,927.75 0.00 0.00 2,600,500.00
A-7 109,333.17 1,348,692.42 0.00 0.00 20,217,687.48
A-8 50,504.15 50,504.15 0.00 0.00 0.00
A-9 58,548.19 2,658,534.15 0.00 0.00 7,022,347.51
A-10 125,303.49 187,144.93 0.00 0.00 20,396,277.56
A-11 89,643.59 89,643.59 0.00 0.00 13,975,000.00
A-12 12,829.14 12,829.14 0.00 0.00 2,000,000.00
A-13 132,441.33 132,441.33 0.00 0.00 20,646,958.00
A-14 0.00 1,343.85 0.00 0.00 94,576.04
A-15 101,477.22 101,477.22 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 42,176.76 52,845.59 0.00 0.00 6,564,482.54
M-2 28,118.05 35,230.66 0.00 0.00 4,376,354.55
M-3 19,682.70 24,661.54 0.00 0.00 3,063,458.04
B-1 9,558.00 11,975.75 0.00 0.00 1,487,627.45
B-2 2,811.36 3,522.51 0.00 0.00 437,566.48
B-3 6,939.31 8,694.51 0.00 0.00 1,079,872.83
- -------------------------------------------------------------------------------
973,347.49 6,156,508.02 0.00 0.00 130,832,913.00
===============================================================================
Run: 05/20/98 14:14:33
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-1 630.773208 46.072461 3.863408 49.935869 0.000000 584.700746
A-2 246.361168 77.580084 1.488543 79.068627 0.000000 168.781084
A-3 1000.000000 0.000000 5.835188 5.835188 0.000000 1000.000000
A-4 1000.000000 0.000000 6.042110 6.042110 0.000000 1000.000000
A-5 733.606185 71.673392 4.493249 76.166641 0.000000 661.932793
A-6 1000.000000 0.000000 6.124880 6.124880 0.000000 1000.000000
A-7 679.459900 39.245611 3.462150 42.707761 0.000000 640.214289
A-9 291.895449 78.871105 1.776071 80.647176 0.000000 213.024344
A-10 976.347874 2.951335 5.980012 8.931347 0.000000 973.396539
A-11 1000.000000 0.000000 6.414568 6.414568 0.000000 1000.000000
A-12 1000.000000 0.000000 6.414570 6.414570 0.000000 1000.000000
A-13 1000.000000 0.000000 6.414569 6.414569 0.000000 1000.000000
A-14 828.147105 11.602447 0.000000 11.602447 0.000000 816.544658
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-1 987.111750 1.601686 6.331896 7.933582 0.000000 985.510065
M-2 987.111753 1.601687 6.331896 7.933583 0.000000 985.510066
M-3 987.111752 1.601686 6.331896 7.933582 0.000000 985.510066
B-1 987.111759 1.601689 6.331898 7.933587 0.000000 985.510070
B-2 987.111779 1.601689 6.331892 7.933581 0.000000 985.510090
B-3 936.983225 1.520229 6.010335 7.530564 0.000000 935.308787
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:14:33 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 27,712.17
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 41,022.20
MASTER SERVICER ADVANCES THIS MONTH 501.33
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 2,525,554.90
(B) TWO MONTHLY PAYMENTS: 2 231,080.91
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 25
AGGREGATE PRINCIPAL BALANCE 2,342,636.01
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 130,832,912.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,299
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 63,136.68
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,961,255.84
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.46531580 % 10.32005700 % 2.21462740 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.98976730 % 10.70395423 % 2.29853520 %
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 8.97834368
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.89
POOL TRADING FACTOR: 73.65755648
................................................................................
Run: 05/20/98 14:14:44 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 3,093,182.66 6.750000 % 3,093,182.66
A-2 76110FFF5 10,146,000.00 3,048,395.72 6.750000 % 951,924.32
A-3 76110FFG3 24,816,000.00 24,816,000.00 6.750000 % 952,495.56
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 23,526,841.63 11.000000 % 1,070,914.79
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 212,947.62 185,398.73 0.000000 % 19,779.63
A-13 76110FFS7 0.00 0.00 0.950157 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,294,504.56 7.500000 % 6,264.48
M-2 76110FFW8 6,251,000.00 6,196,005.99 7.500000 % 4,176.10
M-3 76110FFW8 4,375,700.00 4,337,204.17 7.500000 % 2,923.27
B-1 1,624,900.00 1,610,604.72 7.500000 % 1,085.54
B-2 624,800.00 619,303.24 7.500000 % 417.41
B-3 1,500,282.64 1,478,777.26 7.500000 % 996.69
- -------------------------------------------------------------------------------
250,038,730.26 204,546,572.68 6,104,160.45
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 17,364.10 3,110,546.76 0.00 0.00 0.00
A-2 17,112.69 969,037.01 0.00 0.00 2,096,471.40
A-3 139,308.79 1,091,804.35 0.00 0.00 23,863,504.44
A-4 89,470.64 89,470.64 0.00 0.00 15,938,000.00
A-5 57,556.94 57,556.94 0.00 0.00 10,253,000.00
A-6 215,228.25 1,286,143.04 0.00 0.00 22,455,926.84
A-7 99,092.47 99,092.47 0.00 0.00 17,652,000.00
A-8 31,748.60 31,748.60 0.00 0.00 5,655,589.00
A-9 107,041.42 107,041.42 0.00 0.00 19,068,000.00
A-10 57,639.83 57,639.83 0.00 0.00 10,267,765.00
A-11 296,314.35 296,314.35 0.00 0.00 47,506,000.00
A-12 0.00 19,779.63 0.00 0.00 165,619.10
A-13 161,633.11 161,633.11 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,973.62 64,238.10 0.00 0.00 9,288,240.08
M-2 38,647.03 42,823.13 0.00 0.00 6,191,829.89
M-3 27,052.92 29,976.19 0.00 0.00 4,334,280.90
B-1 10,046.00 11,131.54 0.00 0.00 1,609,519.18
B-2 3,862.85 4,280.26 0.00 0.00 618,885.83
B-3 9,223.74 10,220.43 0.00 0.00 1,477,780.57
- -------------------------------------------------------------------------------
1,436,317.35 7,540,477.80 0.00 0.00 198,442,412.23
===============================================================================
Run: 05/20/98 14:14:44
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 93.005673 93.005673 0.522103 93.527776 0.000000 0.000000
A-2 300.452959 93.822622 1.686644 95.509266 0.000000 206.630337
A-3 1000.000000 38.382316 5.613668 43.995984 0.000000 961.617684
A-4 1000.000000 0.000000 5.613668 5.613668 0.000000 1000.000000
A-5 1000.000000 0.000000 5.613668 5.613668 0.000000 1000.000000
A-6 746.607830 33.984730 6.830118 40.814848 0.000000 712.623099
A-7 1000.000000 0.000000 5.613668 5.613668 0.000000 1000.000000
A-8 1000.000000 0.000000 5.613668 5.613668 0.000000 1000.000000
A-9 1000.000000 0.000000 5.613668 5.613668 0.000000 1000.000000
A-10 1000.000000 0.000000 5.613669 5.613669 0.000000 1000.000000
A-11 1000.000000 0.000000 6.237409 6.237409 0.000000 1000.000000
A-12 870.630674 92.884955 0.000000 92.884955 0.000000 777.745720
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 991.202363 0.668069 6.182534 6.850603 0.000000 990.534295
M-2 991.202366 0.668069 6.182536 6.850605 0.000000 990.534297
M-3 991.202361 0.668069 6.182535 6.850604 0.000000 990.534292
B-1 991.202363 0.668066 6.182534 6.850600 0.000000 990.534298
B-2 991.202369 0.668070 6.182538 6.850608 0.000000 990.534299
B-3 985.665781 0.664335 6.148002 6.812337 0.000000 985.001446
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:14:45 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 42,177.45
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 45,075.63
MASTER SERVICER ADVANCES THIS MONTH 1,781.12
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 4,119,510.24
(B) TWO MONTHLY PAYMENTS: 5 576,187.94
(C) THREE OR MORE MONTHLY PAYMENTS: 1 208,933.94
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 895,308.80
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 198,442,412.23
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,905
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 224,457.44
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,966,247.48
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.48293960 % 9.70229000 % 1.81477000 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.13752430 % 9.98493752 % 1.86919790 %
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 8.77591722
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.63
POOL TRADING FACTOR: 79.36466963
................................................................................
Run: 05/20/98 14:14:50 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS2 (POOL # 4240)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4240
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FFY4 31,108,570.00 22,518,508.62 9.000000 % 1,834,933.56
A-2 76110FFZ1 37,000,000.00 18,477,875.14 7.250000 % 3,956,533.84
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 7,046,970.05 7.250000 % 630,800.35
A-6 76110FGD9 7,371,430.00 7,371,430.00 7.250000 % 0.00
A-7 76110FGE7 10,400,783.00 10,400,783.00 7.750000 % 0.00
A-8 76110FGF4 31,000,000.00 31,000,000.00 7.750000 % 0.00
A-9 76110FGG2 130,561.76 127,277.29 0.000000 % 12,049.15
A-10 76110FGH0 0.00 0.00 0.720488 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,892,391.27 7.750000 % 3,234.76
M-2 76110FGL1 4,109,600.00 4,076,926.58 7.750000 % 2,695.59
M-3 76110FGM9 2,630,200.00 2,609,288.56 7.750000 % 1,725.21
B-1 1,068,500.00 1,060,004.87 7.750000 % 700.86
B-2 410,900.00 407,633.14 7.750000 % 269.52
B-3 821,738.81 815,205.60 7.750000 % 538.99
- -------------------------------------------------------------------------------
164,383,983.57 134,204,294.12 6,443,481.83
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 167,013.14 2,001,946.70 0.00 0.00 20,683,575.06
A-2 110,397.32 4,066,931.16 0.00 0.00 14,521,341.30
A-3 31,067.76 31,067.76 0.00 0.00 5,200,000.00
A-4 108,737.14 108,737.14 0.00 0.00 18,200,000.00
A-5 42,102.60 672,902.95 0.00 0.00 6,416,169.70
A-6 44,041.11 44,041.11 0.00 0.00 7,371,430.00
A-7 66,425.71 66,425.71 0.00 0.00 10,400,783.00
A-8 197,984.82 197,984.82 0.00 0.00 31,000,000.00
A-9 0.00 12,049.15 0.00 0.00 115,228.14
A-10 79,682.31 79,682.31 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,245.78 34,480.54 0.00 0.00 4,889,156.51
M-2 26,037.73 28,733.32 0.00 0.00 4,074,230.99
M-3 16,664.51 18,389.72 0.00 0.00 2,607,563.35
B-1 6,769.83 7,470.69 0.00 0.00 1,059,304.01
B-2 2,603.39 2,872.91 0.00 0.00 407,363.62
B-3 5,206.40 5,745.39 0.00 0.00 814,666.61
- -------------------------------------------------------------------------------
935,979.55 7,379,461.38 0.00 0.00 127,760,812.29
===============================================================================
Run: 05/20/98 14:14:50
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS2 (POOL # 4240)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4240
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 723.868330 58.984825 5.368718 64.353543 0.000000 664.883505
A-2 499.402031 106.933347 2.983711 109.917058 0.000000 392.468684
A-3 1000.000000 0.000000 5.974569 5.974569 0.000000 1000.000000
A-4 1000.000000 0.000000 5.974568 5.974568 0.000000 1000.000000
A-5 704.697005 63.080035 4.210260 67.290295 0.000000 641.616970
A-6 1000.000000 0.000000 5.974568 5.974568 0.000000 1000.000000
A-7 1000.000000 0.000000 6.386607 6.386607 0.000000 1000.000000
A-8 1000.000000 0.000000 6.386607 6.386607 0.000000 1000.000000
A-9 974.843553 92.286976 0.000000 92.286976 0.000000 882.556577
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.049491 0.655925 6.335830 6.991755 0.000000 991.393566
M-2 992.049489 0.655925 6.335831 6.991756 0.000000 991.393564
M-3 992.049487 0.655924 6.335834 6.991758 0.000000 991.393563
B-1 992.049481 0.655929 6.335826 6.991755 0.000000 991.393552
B-2 992.049501 0.655926 6.335824 6.991750 0.000000 991.393575
B-3 992.049530 0.655926 6.335833 6.991759 0.000000 991.393616
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:14:50 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 27,276.94
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 29,387.68
MASTER SERVICER ADVANCES THIS MONTH 1,537.92
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 2,150,340.34
(B) TWO MONTHLY PAYMENTS: 4 708,193.40
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 900,000.54
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 127,760,812.29
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,267
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 200,399.51
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,354,737.16
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.66157630 % 8.63578800 % 1.70263600 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.14785410 % 9.05672924 % 1.78724100 %
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 8.79839536
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 339.12
POOL TRADING FACTOR: 77.72096132
................................................................................
Run: 05/20/98 14:14:55 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 12,759,691.72 7.250000 % 3,286,182.86
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 9,845,626.21 9.500000 % 938,909.39
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 104,277.14 0.000000 % 650.06
A-10 76110FHB2 0.00 0.00 0.733940 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,303,611.18 7.750000 % 3,423.21
M-2 76110FHE6 4,112,900.00 4,079,754.32 7.750000 % 2,633.27
M-3 76110FHF3 2,632,200.00 2,610,987.20 7.750000 % 1,685.26
B-1 1,069,400.00 1,060,781.76 7.750000 % 684.68
B-2 411,200.00 407,886.17 7.750000 % 263.27
B-3 823,585.68 816,948.40 7.750000 % 527.30
- -------------------------------------------------------------------------------
164,514,437.18 139,517,564.10 4,234,959.30
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 76,979.32 3,363,162.18 0.00 0.00 9,473,508.86
A-2 165,880.69 165,880.69 0.00 0.00 26,579,000.00
A-3 104,980.59 104,980.59 0.00 0.00 16,821,000.00
A-4 151,488.84 151,488.84 0.00 0.00 23,490,000.00
A-5 46,033.52 46,033.52 0.00 0.00 7,138,000.00
A-6 6,449.07 6,449.07 0.00 0.00 1,000,000.00
A-7 77,832.84 1,016,742.23 0.00 0.00 8,906,716.82
A-8 177,349.65 177,349.65 0.00 0.00 27,500,000.00
A-9 0.00 650.06 0.00 0.00 103,627.08
A-10 85,208.95 85,208.95 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 34,203.40 37,626.61 0.00 0.00 5,300,187.97
M-2 26,310.65 28,943.92 0.00 0.00 4,077,121.05
M-3 16,838.46 18,523.72 0.00 0.00 2,609,301.94
B-1 6,841.06 7,525.74 0.00 0.00 1,060,097.08
B-2 2,630.48 2,893.75 0.00 0.00 407,622.90
B-3 5,268.57 5,795.87 0.00 0.00 816,421.10
- -------------------------------------------------------------------------------
984,296.09 5,219,255.39 0.00 0.00 135,282,604.80
===============================================================================
Run: 05/20/98 14:14:55
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-1 397.386768 102.344603 2.397437 104.742040 0.000000 295.042165
A-2 1000.000000 0.000000 6.241043 6.241043 0.000000 1000.000000
A-3 1000.000000 0.000000 6.241043 6.241043 0.000000 1000.000000
A-4 1000.000000 0.000000 6.449078 6.449078 0.000000 1000.000000
A-5 1000.000000 0.000000 6.449078 6.449078 0.000000 1000.000000
A-6 1000.000000 0.000000 6.449070 6.449070 0.000000 1000.000000
A-7 640.407585 61.071249 5.062628 66.133877 0.000000 579.336336
A-8 1000.000000 0.000000 6.449078 6.449078 0.000000 1000.000000
A-9 971.361742 6.055435 0.000000 6.055435 0.000000 965.306307
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 991.941044 0.640247 6.397105 7.037352 0.000000 991.300797
M-2 991.941044 0.640247 6.397104 7.037351 0.000000 991.300798
M-3 991.941038 0.640248 6.397105 7.037353 0.000000 991.300790
B-1 991.941051 0.640247 6.397101 7.037348 0.000000 991.300804
B-2 991.941075 0.640248 6.397082 7.037330 0.000000 991.300827
B-3 991.940996 0.640249 6.397112 7.037361 0.000000 991.300746
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:14:56 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 28,595.81
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 33,580.59
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 2,774,437.11
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,585,041.90
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 135,282,604.80
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,279
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 4,144,893.34
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.75709610 % 8.60345000 % 1.63945370 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.44306850 % 8.86042295 % 1.68971620 %
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 8.80477028
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.98
POOL TRADING FACTOR: 82.23144857
................................................................................
Run: 05/20/98 14:15:01 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 16,086,962.45 7.250000 % 4,964,628.56
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 18,466,234.11 10.000000 % 1,103,250.66
A-5 76110FHP1 17,675,100.00 17,675,100.00 7.500000 % 0.00
A-6 76110FHQ9 7,150,100.00 7,150,100.00 7.750000 % 0.00
A-7 76110FHR7 52,000,000.00 52,000,000.00 7.750000 % 0.00
A-8 76110FHS5 155,284.33 153,250.00 0.000000 % 145.12
A-9 76110FHT3 0.00 0.00 0.742743 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,134,424.76 7.750000 % 7,499.98
M-2 76110FHW6 4,975,300.00 4,939,178.95 7.750000 % 5,192.26
M-3 76110FHX4 3,316,900.00 3,292,819.05 7.750000 % 3,461.54
B-1 1,216,200.00 1,207,370.30 7.750000 % 1,269.23
B-2 552,900.00 548,885.91 7.750000 % 577.01
B-3 995,114.30 987,889.73 7.750000 % 1,038.51
- -------------------------------------------------------------------------------
221,126,398.63 187,815,761.26 6,087,062.87
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 97,129.44 5,061,758.00 0.00 0.00 11,122,333.89
A-2 216,001.38 216,001.38 0.00 0.00 35,775,000.00
A-3 135,237.37 135,237.37 0.00 0.00 22,398,546.00
A-4 153,786.14 1,257,036.80 0.00 0.00 17,362,983.45
A-5 110,398.21 110,398.21 0.00 0.00 17,675,100.00
A-6 46,147.98 46,147.98 0.00 0.00 7,150,100.00
A-7 335,616.97 335,616.97 0.00 0.00 52,000,000.00
A-8 0.00 145.12 0.00 0.00 153,104.88
A-9 116,174.19 116,174.19 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,046.81 53,546.79 0.00 0.00 7,126,924.78
M-2 31,878.31 37,070.57 0.00 0.00 4,933,986.69
M-3 21,252.42 24,713.96 0.00 0.00 3,289,357.51
B-1 7,792.58 9,061.81 0.00 0.00 1,206,101.07
B-2 3,542.61 4,119.62 0.00 0.00 548,308.90
B-3 6,376.01 7,414.52 0.00 0.00 986,851.22
- -------------------------------------------------------------------------------
1,327,380.42 7,414,443.29 0.00 0.00 181,728,698.39
===============================================================================
Run: 05/20/98 14:15:01
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-1 372.116276 114.839523 2.246754 117.086277 0.000000 257.276753
A-2 1000.000000 0.000000 6.037774 6.037774 0.000000 1000.000000
A-3 1000.000000 0.000000 6.037775 6.037775 0.000000 1000.000000
A-4 753.777867 45.033867 6.277435 51.311302 0.000000 708.744000
A-5 1000.000000 0.000000 6.245974 6.245974 0.000000 1000.000000
A-6 1000.000000 0.000000 6.454173 6.454173 0.000000 1000.000000
A-7 1000.000000 0.000000 6.454173 6.454173 0.000000 1000.000000
A-8 986.899322 0.934544 0.000000 0.934544 0.000000 985.964778
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.739927 1.043606 6.407315 7.450921 0.000000 991.696321
M-2 992.739925 1.043607 6.407314 7.450921 0.000000 991.696318
M-3 992.739923 1.043607 6.407314 7.450921 0.000000 991.696316
B-1 992.739928 1.043603 6.407318 7.450921 0.000000 991.696325
B-2 992.739935 1.043606 6.407325 7.450931 0.000000 991.696328
B-3 992.739960 1.043609 6.407314 7.450923 0.000000 991.696354
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:15:01 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 38,602.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,169.31
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,748,518.97
(B) TWO MONTHLY PAYMENTS: 4 264,629.22
(C) THREE OR MORE MONTHLY PAYMENTS: 1 238,463.98
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,404,970.93
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 181,728,698.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,708
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 5,889,662.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 76,314.11
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.34939450 % 8.18832800 % 1.46227710 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.03636460 % 8.44680511 % 1.50970800 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 6,633,792.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,211,264.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81849902
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.28
POOL TRADING FACTOR: 82.18317646
................................................................................
Run: 05/20/98 14:15:03 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 12,061,025.31 7.250000 % 2,995,770.99
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 21,992,293.54 10.000000 % 1,123,414.12
A-4 76110FJC8 24,000,000.00 24,000,000.00 7.250000 % 0.00
A-5 76110FJD6 11,785,091.00 11,785,091.00 7.250000 % 0.00
A-6 76110FJE4 18,143,000.00 18,143,000.00 8.000000 % 0.00
A-7 76110FJF1 4,767,000.00 4,767,000.00 8.000000 % 0.00
A-8 76110FJG9 0.00 0.00 0.750000 % 0.00
A-9 76110FJH7 42,917,000.00 42,917,000.00 7.250000 % 0.00
A-10 76110FJJ3 340,158.57 283,661.96 0.000000 % 301.16
A-11 76110FJK0 0.00 0.00 0.631569 % 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 6,687,451.77 8.000000 % 4,185.14
M-2 76110FJP9 4,330,000.00 4,302,625.00 8.000000 % 2,692.67
M-3 76110FJQ7 2,886,000.00 2,867,754.22 8.000000 % 1,794.70
B-1 1,058,000.00 1,051,311.14 8.000000 % 657.93
B-2 481,000.00 477,959.04 8.000000 % 299.12
B-3 866,066.26 860,590.82 8.000000 % 538.55
- -------------------------------------------------------------------------------
192,360,424.83 162,996,763.80 4,129,654.38
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 72,839.92 3,068,610.91 0.00 0.00 9,065,254.32
A-2 65,224.23 65,224.23 0.00 0.00 10,800,000.00
A-3 183,196.74 1,306,610.86 0.00 0.00 20,868,879.42
A-4 144,942.74 144,942.74 0.00 0.00 24,000,000.00
A-5 71,173.47 71,173.47 0.00 0.00 11,785,091.00
A-6 120,905.57 120,905.57 0.00 0.00 18,143,000.00
A-7 31,767.45 31,767.45 0.00 0.00 4,767,000.00
A-8 26,812.54 26,812.54 0.00 0.00 0.00
A-9 259,187.82 259,187.82 0.00 0.00 42,917,000.00
A-10 0.00 301.16 0.00 0.00 283,360.80
A-11 85,752.61 85,752.61 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 44,565.41 48,750.55 0.00 0.00 6,683,266.63
M-2 28,672.84 31,365.51 0.00 0.00 4,299,932.33
M-3 19,110.81 20,905.51 0.00 0.00 2,865,959.52
B-1 7,005.97 7,663.90 0.00 0.00 1,050,653.21
B-2 3,185.13 3,484.25 0.00 0.00 477,659.92
B-3 5,735.00 6,273.55 0.00 0.00 860,052.27
- -------------------------------------------------------------------------------
1,170,078.25 5,299,732.63 0.00 0.00 158,867,109.42
===============================================================================
Run: 05/20/98 14:15:03
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-1 362.192952 89.963093 2.187385 92.150478 0.000000 272.229860
A-2 1000.000000 0.000000 6.039281 6.039281 0.000000 1000.000000
A-3 734.130933 37.501002 6.115342 43.616344 0.000000 696.629930
A-4 1000.000000 0.000000 6.039281 6.039281 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039280 6.039280 0.000000 1000.000000
A-6 1000.000000 0.000000 6.664034 6.664034 0.000000 1000.000000
A-7 1000.000000 0.000000 6.664034 6.664034 0.000000 1000.000000
A-9 1000.000000 0.000000 6.039281 6.039281 0.000000 1000.000000
A-10 833.910961 0.885352 0.000000 0.885352 0.000000 833.025609
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.677826 0.621863 6.621903 7.243766 0.000000 993.055963
M-2 993.677829 0.621864 6.621903 7.243767 0.000000 993.055965
M-3 993.677831 0.621864 6.621902 7.243766 0.000000 993.055967
B-1 993.677826 0.621862 6.621900 7.243762 0.000000 993.055964
B-2 993.677838 0.621871 6.621892 7.243763 0.000000 993.055967
B-3 993.677805 0.621858 6.621895 7.243753 0.000000 993.055966
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:15:04 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 33,526.61
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 38,915.84
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 3,137,155.23
(B) TWO MONTHLY PAYMENTS: 7 792,251.29
(C) THREE OR MORE MONTHLY PAYMENTS: 2 167,300.30
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 934,916.46
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 158,867,109.42
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,524
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,027,574.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.01451520 % 8.51672700 % 1.46875760 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.76091560 % 8.71744852 % 1.50605940 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 5,770,813.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,923,604.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.93827291
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.56
POOL TRADING FACTOR: 82.58825045
................................................................................
Run: 05/20/98 14:15:05 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 31,856,518.50 7.500000 % 2,226,572.34
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 20,632,862.49 7.500000 % 66,661.46
A-6 76110FJW4 164,986.80 137,232.71 0.000000 % 509.28
A-7 76110FJX2 0.00 0.00 0.740552 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,574,039.95 7.500000 % 8,316.31
M-2 76110FKA0 1,061,700.00 1,029,557.80 7.500000 % 3,326.34
M-3 76110FKB8 690,100.00 669,207.71 7.500000 % 2,162.10
B-1 371,600.00 360,350.07 7.500000 % 1,164.23
B-2 159,300.00 154,477.29 7.500000 % 499.09
B-3 372,446.48 361,170.93 7.500000 % 1,166.88
- -------------------------------------------------------------------------------
106,172,633.28 94,250,417.45 2,310,378.03
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 199,082.27 2,425,654.61 0.00 0.00 29,629,946.16
A-2 98,008.43 98,008.43 0.00 0.00 15,683,000.00
A-3 117,150.16 117,150.16 0.00 0.00 18,746,000.00
A-4 12,786.15 12,786.15 0.00 0.00 2,046,000.00
A-5 128,941.81 195,603.27 0.00 0.00 20,566,201.03
A-6 0.00 509.28 0.00 0.00 136,723.43
A-7 58,158.34 58,158.34 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,086.06 24,402.37 0.00 0.00 2,565,723.64
M-2 6,434.06 9,760.40 0.00 0.00 1,026,231.46
M-3 4,182.11 6,344.21 0.00 0.00 667,045.61
B-1 2,251.95 3,416.18 0.00 0.00 359,185.84
B-2 965.38 1,464.47 0.00 0.00 153,978.20
B-3 2,257.08 3,423.96 0.00 0.00 360,004.05
- -------------------------------------------------------------------------------
646,303.80 2,956,681.83 0.00 0.00 91,940,039.42
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 741.780806 51.845861 4.635642 56.481503 0.000000 689.934945
A-2 1000.000000 0.000000 6.249342 6.249342 0.000000 1000.000000
A-3 1000.000000 0.000000 6.249342 6.249342 0.000000 1000.000000
A-4 1000.000000 0.000000 6.249340 6.249340 0.000000 1000.000000
A-5 969.726112 3.133029 6.060150 9.193179 0.000000 966.593083
A-6 831.779936 3.086792 0.000000 3.086792 0.000000 828.693144
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 969.725720 3.133028 6.060149 9.193177 0.000000 966.592691
M-2 969.725723 3.133032 6.060149 9.193181 0.000000 966.592691
M-3 969.725706 3.133024 6.060151 9.193175 0.000000 966.592682
B-1 969.725700 3.133019 6.060145 9.193164 0.000000 966.592680
B-2 969.725612 3.133019 6.060138 9.193157 0.000000 966.592593
B-3 969.725717 3.133041 6.060146 9.193187 0.000000 966.592703
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:15:06 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 19,521.82
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 19,311.96
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 16 1,424,718.70
(B) TWO MONTHLY PAYMENTS: 2 362,460.38
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 201,251.76
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 91,940,039.42
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,184
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,005,818.80
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.52913660 % 4.54007100 % 0.93079230 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.40960410 % 4.63236772 % 0.95112910 %
BANKRUPTCY AMOUNT AVAILABLE 154,147.00
FRAUD AMOUNT AVAILABLE 2,123,453.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,894,825.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.55718245
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 162.11
POOL TRADING FACTOR: 86.59485649
................................................................................
Run: 05/20/98 14:15:15 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 62,414,699.31 7.500000 % 4,851,959.00
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 19,056,957.02 9.500000 % 693,137.00
A-8 76110FKP7 156,262.27 148,703.22 0.000000 % 120.09
A-9 76110FKQ5 0.00 0.00 0.777924 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,643,868.71 7.750000 % 4,114.76
M-2 76110FKM4 3,827,000.00 3,796,638.12 7.750000 % 2,351.38
M-3 76110FKN2 2,870,200.00 2,847,429.00 7.750000 % 1,763.50
B-1 1,052,400.00 1,044,050.69 7.750000 % 646.61
B-2 478,400.00 474,604.56 7.750000 % 293.94
B-3 861,188.35 854,356.04 7.750000 % 529.13
- -------------------------------------------------------------------------------
191,342,550.62 168,265,306.67 5,554,915.41
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 388,196.05 5,240,155.05 0.00 0.00 57,562,740.31
A-2 130,512.62 130,512.62 0.00 0.00 20,984,000.00
A-3 68,415.88 68,415.88 0.00 0.00 11,000,000.00
A-4 24,878.50 24,878.50 0.00 0.00 4,000,000.00
A-5 112,471.56 112,471.56 0.00 0.00 17,500,000.00
A-6 105,215.33 105,215.33 0.00 0.00 17,500,000.00
A-7 150,134.37 843,271.37 0.00 0.00 18,363,820.02
A-8 0.00 120.09 0.00 0.00 148,583.13
A-9 108,551.28 108,551.28 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,699.79 46,814.55 0.00 0.00 6,639,753.95
M-2 24,400.78 26,752.16 0.00 0.00 3,794,286.74
M-3 18,300.28 20,063.78 0.00 0.00 2,845,665.50
B-1 6,710.06 7,356.67 0.00 0.00 1,043,404.08
B-2 3,050.25 3,344.19 0.00 0.00 474,310.62
B-3 5,490.90 6,020.03 0.00 0.00 853,826.91
- -------------------------------------------------------------------------------
1,189,027.65 6,743,943.06 0.00 0.00 162,710,391.26
===============================================================================
Run: 05/20/98 14:15:15
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-1 756.624351 58.818041 4.705920 63.523961 0.000000 697.806310
A-2 1000.000000 0.000000 6.219625 6.219625 0.000000 1000.000000
A-3 1000.000000 0.000000 6.219625 6.219625 0.000000 1000.000000
A-4 1000.000000 0.000000 6.219625 6.219625 0.000000 1000.000000
A-5 1000.000000 0.000000 6.426946 6.426946 0.000000 1000.000000
A-6 1000.000000 0.000000 6.012305 6.012305 0.000000 1000.000000
A-7 869.188462 31.614002 6.847634 38.461636 0.000000 837.574459
A-8 951.625879 0.768516 0.000000 0.768516 0.000000 950.857363
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.066404 0.614418 6.375958 6.990376 0.000000 991.451986
M-2 992.066402 0.614419 6.375955 6.990374 0.000000 991.451983
M-3 992.066407 0.614417 6.375960 6.990377 0.000000 991.451989
B-1 992.066410 0.614415 6.375960 6.990375 0.000000 991.451995
B-2 992.066388 0.614423 6.375941 6.990364 0.000000 991.451965
B-3 992.066416 0.614418 6.375957 6.990375 0.000000 991.451998
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:15:16 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 34,412.10
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 25,032.97
MASTER SERVICER ADVANCES THIS MONTH 761.72
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 1,884,530.26
(B) TWO MONTHLY PAYMENTS: 3 359,872.54
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 1,112,594.66
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 162,710,391.26
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,512
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 97,446.18
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,450,680.01
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.68447330 % 7.90400000 % 1.41152700 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.37212490 % 8.16155999 % 1.45885530 %
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 8.84789206
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.07
POOL TRADING FACTOR: 85.03617765
................................................................................
Run: 05/20/98 14:15:17 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 6,581,631.60 7.000000 % 822,947.80
A-2 76110FKV4 20,850,000.00 10,997,026.96 7.000000 % 1,189,211.55
A-3 76110FKW2 16,320,750.00 12,986,481.70 10.000000 % 402,431.87
A-4 76110FKX0 19,700,543.00 19,700,543.00 7.000000 % 0.00
A-5 76110FKY8 21,419,142.00 21,419,142.00 7.150000 % 0.00
A-6 76110FKZ5 6,323,320.00 6,323,320.00 7.250000 % 0.00
A-7 76110FLA9 16,496,308.00 16,496,308.00 7.250000 % 0.00
A-8 76110FLB7 25,998,036.00 21,668,881.59 7.500000 % 522,510.35
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 26,242.98 0.000000 % 21.60
A-12 76110FLF8 0.00 0.00 0.876916 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,591,329.49 7.500000 % 4,864.71
M-2 76110FLJ0 4,361,000.00 4,338,328.91 7.500000 % 2,780.11
M-3 76110FLK7 3,270,500.00 3,253,497.98 7.500000 % 2,084.92
B-1 1,199,000.00 1,192,766.87 7.500000 % 764.35
B-2 545,000.00 542,166.78 7.500000 % 347.43
B-3 981,461.72 976,359.52 7.500000 % 625.69
- -------------------------------------------------------------------------------
218,029,470.88 193,601,028.38 2,948,590.38
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 38,378.14 861,325.94 0.00 0.00 5,758,683.80
A-2 64,124.75 1,253,336.30 0.00 0.00 9,807,815.41
A-3 108,179.23 510,611.10 0.00 0.00 12,584,049.83
A-4 114,875.81 114,875.81 0.00 0.00 19,700,543.00
A-5 127,573.50 127,573.50 0.00 0.00 21,419,142.00
A-6 38,188.76 38,188.76 0.00 0.00 6,323,320.00
A-7 99,627.01 99,627.01 0.00 0.00 16,496,308.00
A-8 135,378.63 657,888.98 0.00 0.00 21,146,371.24
A-9 30,717.40 30,717.40 0.00 0.00 5,000,001.00
A-10 340,538.25 340,538.25 0.00 0.00 54,507,000.00
A-11 0.00 21.60 0.00 0.00 26,221.38
A-12 141,422.31 141,422.31 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,427.64 52,292.35 0.00 0.00 7,586,464.78
M-2 27,104.17 29,884.28 0.00 0.00 4,335,548.80
M-3 20,326.57 22,411.49 0.00 0.00 3,251,413.06
B-1 7,451.93 8,216.28 0.00 0.00 1,192,002.52
B-2 3,387.24 3,734.67 0.00 0.00 541,819.35
B-3 6,099.91 6,725.60 0.00 0.00 975,733.83
- -------------------------------------------------------------------------------
1,350,801.25 4,299,391.63 0.00 0.00 190,652,438.00
===============================================================================
Run: 05/20/98 14:15:17
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-1 491.170203 61.414473 2.864062 64.278535 0.000000 429.755730
A-2 527.435346 57.036525 3.075528 60.112053 0.000000 470.398821
A-3 795.703733 24.657682 6.628325 31.286007 0.000000 771.046051
A-4 1000.000000 0.000000 5.831099 5.831099 0.000000 1000.000000
A-5 1000.000000 0.000000 5.956051 5.956051 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039353 6.039353 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039352 6.039352 0.000000 1000.000000
A-8 833.481483 20.098070 5.207264 25.305334 0.000000 813.383412
A-9 1000.000000 0.000000 6.143479 6.143479 0.000000 1000.000000
A-10 1000.000000 0.000000 6.247606 6.247606 0.000000 1000.000000
A-11 993.707486 0.817898 0.000000 0.817898 0.000000 992.889588
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.801401 0.637493 6.215128 6.852621 0.000000 994.163908
M-2 994.801401 0.637494 6.215127 6.852621 0.000000 994.163907
M-3 994.801400 0.637493 6.215126 6.852619 0.000000 994.163908
B-1 994.801393 0.637490 6.215121 6.852611 0.000000 994.163903
B-2 994.801431 0.637486 6.215119 6.852605 0.000000 994.163945
B-3 994.801427 0.637488 6.215128 6.852616 0.000000 994.163921
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:15:18 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 40,102.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,734.16
SUBSERVICER ADVANCES THIS MONTH 35,058.32
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 3,152,803.66
(B) TWO MONTHLY PAYMENTS: 1 139,878.53
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,317,172.13
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 190,652,438.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,702
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 2,824,522.49
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.75579520 % 7.84356100 % 1.40064380 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.61882320 % 7.95868482 % 1.42139720 %
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 8.70373868
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.63
POOL TRADING FACTOR: 87.44342553
................................................................................
Run: 05/20/98 14:15:26 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 35,444,191.31 6.750000 % 5,131,478.59
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 19,643,209.23 10.000000 % 932,996.09
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 0.992341 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,092,264.50 7.250000 % 5,252.05
M-2 76110FLX9 5,420,000.00 5,394,843.00 7.250000 % 3,501.37
M-3 76110FLY2 4,065,000.00 4,046,132.25 7.250000 % 2,626.03
B-1 1,490,500.00 1,483,581.81 7.250000 % 962.88
B-2 677,500.00 674,355.37 7.250000 % 437.67
B-3 1,219,925.82 1,214,263.51 7.250000 % 788.08
- -------------------------------------------------------------------------------
271,005,025.82 249,273,302.98 6,078,042.76
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 199,265.79 5,330,744.38 0.00 0.00 30,312,712.72
A-2 97,934.53 97,934.53 0.00 0.00 17,420,000.00
A-3 163,604.91 1,096,601.00 0.00 0.00 18,710,213.14
A-4 213,690.66 213,690.66 0.00 0.00 38,010,000.00
A-5 96,492.28 96,492.28 0.00 0.00 17,163,462.00
A-6 181,013.13 181,013.13 0.00 0.00 29,977,000.00
A-7 97,006.91 97,006.91 0.00 0.00 16,065,000.00
A-8 329,968.39 329,968.39 0.00 0.00 54,645,000.00
A-9 206,025.29 206,025.29 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,864.33 54,116.38 0.00 0.00 8,087,012.45
M-2 32,576.22 36,077.59 0.00 0.00 5,391,341.63
M-3 24,432.16 27,058.19 0.00 0.00 4,043,506.22
B-1 8,958.46 9,921.34 0.00 0.00 1,482,618.93
B-2 4,072.03 4,509.70 0.00 0.00 673,917.70
B-3 7,332.21 8,120.29 0.00 0.00 1,213,475.43
- -------------------------------------------------------------------------------
1,711,237.30 7,789,280.06 0.00 0.00 243,195,260.22
===============================================================================
Run: 05/20/98 14:15:26
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-1 659.426815 95.469369 3.707271 99.176640 0.000000 563.957446
A-2 1000.000000 0.000000 5.621959 5.621959 0.000000 1000.000000
A-3 855.110756 40.615308 7.122070 47.737378 0.000000 814.495448
A-4 1000.000000 0.000000 5.621959 5.621959 0.000000 1000.000000
A-5 1000.000000 0.000000 5.621959 5.621959 0.000000 1000.000000
A-6 1000.000000 0.000000 6.038400 6.038400 0.000000 1000.000000
A-7 1000.000000 0.000000 6.038401 6.038401 0.000000 1000.000000
A-8 1000.000000 0.000000 6.038400 6.038400 0.000000 1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.358487 0.646009 6.010373 6.656382 0.000000 994.712479
M-2 995.358487 0.646009 6.010373 6.656382 0.000000 994.712478
M-3 995.358487 0.646010 6.010371 6.656381 0.000000 994.712477
B-1 995.358477 0.646011 6.010372 6.656383 0.000000 994.712466
B-2 995.358480 0.646007 6.010376 6.656383 0.000000 994.712472
B-3 995.358480 0.646006 6.010374 6.656380 0.000000 994.712470
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:15:27 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 55,730.28
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 26,946.77
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,050,892.73
(B) TWO MONTHLY PAYMENTS: 5 261,976.63
(C) THREE OR MORE MONTHLY PAYMENTS: 1 35,104.90
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 281,988.13
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 243,195,260.22
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,296
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,916,259.04
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.61344590 % 7.03374100 % 1.35281260 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.40942450 % 7.20485271 % 1.38572280 %
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 8.59412208
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.56
POOL TRADING FACTOR: 89.73828418
................................................................................
Run: 05/20/98 14:15:28 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 199,969,492.00 178,636,753.25 7.250000 % 7,177,168.03
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 64,599,241.96 7.250000 % 42,056.00
A-5 7611OFMS9 76,250.57 75,866.17 0.000000 % 65.59
A-6 7611OFMT7 0.00 0.00 0.945577 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,550,196.51 7.250000 % 6,868.49
M-2 7611OFMW0 6,524,000.00 6,492,122.43 7.250000 % 4,226.56
M-3 7611OFMX8 4,893,000.00 4,869,091.81 7.250000 % 3,169.92
B-1 7611OFMY6 1,794,000.00 1,785,234.15 7.250000 % 1,162.24
B-2 7611OFMZ3 816,000.00 812,012.86 7.250000 % 528.64
B-3 7611OFNA7 1,468,094.11 1,460,920.74 7.250000 % 951.11
- -------------------------------------------------------------------------------
326,202,444.68 304,424,439.88 7,236,196.58
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,078,541.16 8,255,709.19 0.00 0.00 171,459,585.22
A-2 60,376.22 60,376.22 0.00 0.00 10,000,000.00
A-3 151,803.93 151,803.93 0.00 0.00 25,143,000.00
A-4 390,025.79 432,081.79 0.00 0.00 64,557,185.96
A-5 0.00 65.59 0.00 0.00 75,800.58
A-6 239,720.03 239,720.03 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,698.10 70,566.59 0.00 0.00 10,543,328.02
M-2 39,196.98 43,423.54 0.00 0.00 6,487,895.87
M-3 29,397.74 32,567.66 0.00 0.00 4,865,921.89
B-1 10,778.57 11,940.81 0.00 0.00 1,784,071.91
B-2 4,902.63 5,431.27 0.00 0.00 811,484.22
B-3 8,820.49 9,771.60 0.00 0.00 1,459,969.63
- -------------------------------------------------------------------------------
2,077,261.64 9,313,458.22 0.00 0.00 297,188,243.30
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 893.320033 35.891315 5.393529 41.284844 0.000000 857.428718
A-2 1000.000000 0.000000 6.037622 6.037622 0.000000 1000.000000
A-3 1000.000000 0.000000 6.037622 6.037622 0.000000 1000.000000
A-4 995.112706 0.647848 6.008114 6.655962 0.000000 994.464859
A-5 994.958726 0.860190 0.000000 0.860190 0.000000 994.098536
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.113800 0.647849 6.008121 6.655970 0.000000 994.465952
M-2 995.113800 0.647848 6.008121 6.655969 0.000000 994.465952
M-3 995.113797 0.647848 6.008122 6.655970 0.000000 994.465949
B-1 995.113796 0.647848 6.008122 6.655970 0.000000 994.465948
B-2 995.113799 0.647843 6.008125 6.655968 0.000000 994.465956
B-3 995.113821 0.647847 6.008123 6.655970 0.000000 994.465968
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:15:29 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 62,830.30
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,277.73
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 5,334,660.99
(B) TWO MONTHLY PAYMENTS: 6 385,358.51
(C) THREE OR MORE MONTHLY PAYMENTS: 1 29,636.58
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 967,157.14
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 297,188,243.30
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,650
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,037,993.83
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.46715950 % 7.19944600 % 1.33339470 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.26503380 % 7.36810633 % 1.36498010 %
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 8.52111667
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.82
POOL TRADING FACTOR: 91.10546170
................................................................................
Run: 05/20/98 14:15:30 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 90,035,060.12 7.000000 % 1,820,972.69
A-2 7611OFMD2 43,142.76 39,547.63 0.000000 % 231.59
A-3 7611OFME0 0.00 0.00 1.000986 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,987,266.36 7.000000 % 9,441.95
M-2 7611OFMH3 892,000.00 875,662.70 7.000000 % 2,767.74
M-3 7611OFMJ9 419,700.00 412,013.05 7.000000 % 1,302.26
B-1 7611OFMK6 367,000.00 360,278.26 7.000000 % 1,138.74
B-2 7611OFML4 262,400.00 257,594.04 7.000000 % 814.19
B-3 7611OFMM2 263,388.53 258,564.46 7.000000 % 817.26
- -------------------------------------------------------------------------------
104,940,731.29 95,225,986.62 1,837,486.42
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 524,202.84 2,345,175.53 0.00 0.00 88,214,087.43
A-2 0.00 231.59 0.00 0.00 39,316.04
A-3 79,281.77 79,281.77 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,392.49 26,834.44 0.00 0.00 2,977,824.41
M-2 5,098.29 7,866.03 0.00 0.00 872,894.96
M-3 2,398.83 3,701.09 0.00 0.00 410,710.79
B-1 2,097.61 3,236.35 0.00 0.00 359,139.52
B-2 1,499.76 2,313.95 0.00 0.00 256,779.85
B-3 1,505.41 2,322.67 0.00 0.00 257,747.20
- -------------------------------------------------------------------------------
633,477.00 2,470,963.42 0.00 0.00 93,388,500.20
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 903.512896 18.273685 5.260440 23.534125 0.000000 885.239212
A-2 916.668985 5.367992 0.000000 5.367992 0.000000 911.300992
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 981.684640 3.102843 5.715573 8.818416 0.000000 978.581798
M-2 981.684641 3.102848 5.715572 8.818420 0.000000 978.581794
M-3 981.684656 3.102835 5.715583 8.818418 0.000000 978.581820
B-1 981.684632 3.102834 5.715559 8.818393 0.000000 978.581798
B-2 981.684604 3.102858 5.715549 8.818407 0.000000 978.581745
B-3 981.684586 3.102831 5.715549 8.818380 0.000000 978.581717
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:15:31 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 19,706.74
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,737.49
SUBSERVICER ADVANCES THIS MONTH 6,360.23
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 9 637,583.29
(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 93,388,500.20
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,048
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,536,422.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.58811680 % 4.49112500 % 0.92075800 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.49904490 % 4.56312089 % 0.93591240 %
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 8.32322819
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 167.27
POOL TRADING FACTOR: 88.99166134
................................................................................
Run: 05/20/98 14:15:42 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 43,645,774.34 7.000000 % 3,959,313.06
A-2 76110FNC3 22,405,757.00 20,415,867.62 9.000000 % 565,616.15
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 59,132,013.07 7.250000 % 38,345.98
A-8 76110FNH2 0.00 0.00 0.896643 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,400,745.99 7.250000 % 6,744.68
M-2 76110FNL3 4,471,600.00 4,457,519.54 7.250000 % 2,890.62
M-3 76110FNM1 4,471,500.00 4,457,419.84 7.250000 % 2,890.55
B-1 76110FNN9 1,639,600.00 1,634,437.12 7.250000 % 1,059.90
B-2 76110FNP4 745,200.00 742,853.46 7.250000 % 481.73
B-3 76110FNQ2 1,341,561.05 1,337,336.65 7.250000 % 867.24
- -------------------------------------------------------------------------------
298,104,002.05 281,925,251.63 4,578,209.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 254,536.80 4,213,849.86 0.00 0.00 39,686,461.28
A-2 153,080.79 718,696.94 0.00 0.00 19,850,251.47
A-3 366,382.58 366,382.58 0.00 0.00 62,824,125.00
A-4 139,150.31 139,150.31 0.00 0.00 24,294,118.00
A-5 157,044.12 157,044.12 0.00 0.00 26,000,000.00
A-6 136,405.15 136,405.15 0.00 0.00 22,583,041.00
A-7 357,166.73 395,512.71 0.00 0.00 59,093,667.09
A-8 210,602.66 210,602.66 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,822.15 69,566.83 0.00 0.00 10,394,001.31
M-2 26,924.13 29,814.75 0.00 0.00 4,454,628.92
M-3 26,923.52 29,814.07 0.00 0.00 4,454,529.29
B-1 9,872.26 10,932.16 0.00 0.00 1,633,377.22
B-2 4,486.95 4,968.68 0.00 0.00 742,371.73
B-3 8,077.72 8,944.96 0.00 0.00 1,336,469.41
- -------------------------------------------------------------------------------
1,913,475.87 6,491,685.78 0.00 0.00 277,347,041.72
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 758.068160 68.767921 4.420960 73.188881 0.000000 689.300239
A-2 911.188478 25.244233 6.832208 32.076441 0.000000 885.944245
A-3 1000.000000 0.000000 5.831877 5.831877 0.000000 1000.000000
A-4 1000.000000 0.000000 5.727737 5.727737 0.000000 1000.000000
A-5 1000.000000 0.000000 6.040158 6.040158 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040159 6.040159 0.000000 1000.000000
A-7 996.851134 0.646439 6.021139 6.667578 0.000000 996.204696
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.851134 0.646438 6.021138 6.667576 0.000000 996.204695
M-2 996.851136 0.646440 6.021140 6.667580 0.000000 996.204696
M-3 996.851133 0.646439 6.021138 6.667577 0.000000 996.204694
B-1 996.851134 0.646438 6.021139 6.667577 0.000000 996.204696
B-2 996.851127 0.646444 6.021135 6.667579 0.000000 996.204683
B-3 996.851131 0.646441 6.021135 6.667576 0.000000 996.204691
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:15:42 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS12 (POOL # 4270)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4270
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 58,257.59
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,546.18
SUBSERVICER ADVANCES THIS MONTH 27,960.34
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 3,319,441.97
(B) TWO MONTHLY PAYMENTS: 2 233,769.64
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 237,033.25
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 277,347,041.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,508
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 4,395,386.79
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.83105720 % 6.85135000 % 1.31759300 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.70159600 % 6.95992984 % 1.33847410 %
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 8.47448515
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.02
POOL TRADING FACTOR: 93.03700716
................................................................................
Run: 05/20/98 14:15:49 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 29,492,069.66 7.250000 % 521,665.37
A-2 76110FNT6 30,750,000.00 25,491,712.84 7.250000 % 1,366,796.97
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 62,844,865.41 7.250000 % 41,516.34
A-8 76110FNZ2 15,495,000.00 10,153,592.39 7.250000 % 1,388,402.64
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 95,174,572.59 0.000000 % 1,264,708.20
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 24,576,568.67 7.000000 % 434,718.38
A-16 76110FPH0 2,386,273.00 2,234,233.77 10.000000 % 39,519.86
A-17 76110FPJ6 139,012.74 138,499.94 0.000000 % 128.68
A-18 76110FPK3 0.00 0.00 0.855512 % 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 16,227,200.85 7.250000 % 10,719.95
M-2 76110FPP2 5,422,000.00 5,408,734.42 7.250000 % 3,573.10
M-3 76110FPQ0 6,507,000.00 6,491,079.84 7.250000 % 4,288.11
B-1 76110FPR8 2,386,000.00 2,380,162.36 7.250000 % 1,572.37
B-2 76110FPS6 1,085,000.00 1,082,345.42 7.250000 % 715.01
B-3 76110FPT4 1,952,210.06 1,947,433.74 7.250000 % 1,286.52
- -------------------------------------------------------------------------------
433,792,422.80 414,260,486.90 5,079,611.50
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 178,129.76 699,795.13 0.00 0.00 28,970,404.29
A-2 153,967.92 1,520,764.89 0.00 0.00 24,124,915.87
A-3 246,422.73 246,422.73 0.00 0.00 40,799,000.00
A-4 40,739.26 40,739.26 0.00 0.00 6,745,000.00
A-5 25,581.58 25,581.58 0.00 0.00 4,235,415.00
A-6 63,413.13 63,413.13 0.00 0.00 10,499,000.00
A-7 379,578.01 421,094.35 0.00 0.00 62,803,349.07
A-8 61,326.89 1,449,729.53 0.00 0.00 8,765,189.75
A-9 398,528.97 398,528.97 0.00 0.00 68,339,000.00
A-10 14,233.18 14,233.18 0.00 0.00 0.00
A-11 0.00 1,264,708.20 0.00 0.00 93,909,864.39
A-12 287,423.44 287,423.44 0.00 0.00 0.00
A-13 101,589.31 101,589.31 0.00 0.00 0.00
A-14 185,834.12 185,834.12 0.00 0.00 0.00
A-15 143,321.89 578,040.27 0.00 0.00 24,141,850.29
A-16 18,613.23 58,133.09 0.00 0.00 2,194,713.91
A-17 0.00 128.68 0.00 0.00 138,371.26
A-18 295,251.90 295,251.90 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 98,011.01 108,730.96 0.00 0.00 16,216,480.90
M-2 32,668.33 36,241.43 0.00 0.00 5,405,161.32
M-3 39,205.61 43,493.72 0.00 0.00 6,486,791.73
B-1 14,375.99 15,948.36 0.00 0.00 2,378,589.99
B-2 6,537.28 7,252.29 0.00 0.00 1,081,630.41
B-3 11,762.35 13,048.87 0.00 0.00 1,946,147.22
- -------------------------------------------------------------------------------
2,796,515.89 7,876,127.39 0.00 0.00 409,180,875.40
===============================================================================
Run: 05/20/98 14:15:49
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-1 936.285903 16.561331 5.655093 22.216424 0.000000 919.724572
A-2 828.998792 44.448682 5.007087 49.455769 0.000000 784.550110
A-3 1000.000000 0.000000 6.039921 6.039921 0.000000 1000.000000
A-4 1000.000000 0.000000 6.039920 6.039920 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039923 6.039923 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039921 6.039921 0.000000 1000.000000
A-7 997.553380 0.659000 6.025143 6.684143 0.000000 996.894380
A-8 655.281858 89.603268 3.957850 93.561118 0.000000 565.678590
A-9 1000.000000 0.000000 5.831648 5.831648 0.000000 1000.000000
A-11 951.381233 12.642239 0.000000 12.642239 0.000000 938.738994
A-15 936.285903 16.561331 5.460090 22.021421 0.000000 919.724572
A-16 936.285903 16.561331 7.800126 24.361457 0.000000 919.724572
A-17 996.311129 0.925671 0.000000 0.925671 0.000000 995.385459
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-1 997.553381 0.659000 6.025144 6.684144 0.000000 996.894381
M-2 997.553379 0.659000 6.025144 6.684144 0.000000 996.894379
M-3 997.553379 0.659000 6.025144 6.684144 0.000000 996.894380
B-1 997.553378 0.658998 6.025142 6.684140 0.000000 996.894380
B-2 997.553382 0.658995 6.025143 6.684138 0.000000 996.894387
B-3 997.553378 0.659002 6.025146 6.684148 0.000000 996.894370
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:15:50 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 85,895.98
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,589.29
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 48 5,280,962.92
(B) TWO MONTHLY PAYMENTS: 1 329,955.14
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 1,055,013.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 409,180,875.40
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,502
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 4,805,922.18
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.90167200 % 6.79196400 % 1.30636420 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.80652350 % 6.86943981 % 1.32171290 %
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 8.38244828
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.02
POOL TRADING FACTOR: 94.32642294
................................................................................
Run: 05/20/98 14:15:56 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 59,151,218.37 7.000000 % 2,311,720.06
A-2 76110FPV9 117,395,000.00 111,733,839.34 7.000000 % 2,528,999.21
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 1.082287 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,329,665.43 7.000000 % 7,339.87
M-2 76110FQD8 4,054,000.00 4,046,202.15 7.000000 % 2,621.31
M-3 76110FQE6 4,865,000.00 4,855,642.19 7.000000 % 3,145.71
B-1 76110FQF3 1,783,800.00 1,780,368.87 7.000000 % 1,153.40
B-2 76110FQG1 810,800.00 809,240.43 7.000000 % 524.26
B-3 76110FQH9 1,459,579.11 1,456,771.60 7.000000 % 943.78
- -------------------------------------------------------------------------------
324,327,779.11 313,444,948.38 4,856,447.60
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 344,920.33 2,656,640.39 0.00 0.00 56,839,498.31
A-2 651,538.11 3,180,537.32 0.00 0.00 109,204,840.13
A-3 299,605.10 299,605.10 0.00 0.00 51,380,000.00
A-4 10,857.63 10,857.63 0.00 0.00 1,862,000.00
A-5 379,258.77 379,258.77 0.00 0.00 65,040,000.00
A-6 282,592.69 282,592.69 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 66,065.12 73,404.99 0.00 0.00 11,322,325.56
M-2 23,594.06 26,215.37 0.00 0.00 4,043,580.84
M-3 28,314.04 31,459.75 0.00 0.00 4,852,496.48
B-1 10,381.62 11,535.02 0.00 0.00 1,779,215.47
B-2 4,718.81 5,243.07 0.00 0.00 808,716.17
B-3 8,494.67 9,438.45 0.00 0.00 1,455,827.82
- -------------------------------------------------------------------------------
2,110,340.95 6,966,788.55 0.00 0.00 308,588,500.78
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 919.553810 35.937569 5.362067 41.299636 0.000000 883.616241
A-2 951.776816 21.542648 5.549965 27.092613 0.000000 930.234168
A-3 1000.000000 0.000000 5.831162 5.831162 0.000000 1000.000000
A-4 1000.000000 0.000000 5.831165 5.831165 0.000000 1000.000000
A-5 1000.000000 0.000000 5.831162 5.831162 0.000000 1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.076504 0.646599 5.819946 6.466545 0.000000 997.429904
M-2 998.076505 0.646598 5.819946 6.466544 0.000000 997.429906
M-3 998.076504 0.646600 5.819947 6.466547 0.000000 997.429903
B-1 998.076505 0.646597 5.819946 6.466543 0.000000 997.429908
B-2 998.076505 0.646596 5.819943 6.466539 0.000000 997.429909
B-3 998.076493 0.646597 5.819945 6.466542 0.000000 997.429882
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:15:56 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS1 (POOL # 4281)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4281
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 64,985.25
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 41,827.01
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 4,468,826.42
(B) TWO MONTHLY PAYMENTS: 6 535,749.39
(C) THREE OR MORE MONTHLY PAYMENTS: 1 99,937.85
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 337,381.21
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 308,588,500.78
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,604
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 4,653,383.74
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.25449610 % 6.45456600 % 1.29093830 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.13769720 % 6.55189770 % 1.31040510 %
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 8.36170057
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.91
POOL TRADING FACTOR: 95.14710754
................................................................................
Run: 05/20/98 14:16:03 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 19,341,166.51 6.750000 % 456,956.77
A-2 76110FQK2 158,282,400.00 153,068,312.66 6.500000 % 3,616,410.68
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 37,862,828.84 6.256250 % 711,632.48
A-5 76110FQN6 0.00 0.00 2.769525 % 0.00
A-6 76110FQP1 13,504,750.00 13,144,895.14 6.156250 % 249,589.79
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 138,385.21 0.000000 % 188.28
A-9 76110FQS5 0.00 0.00 0.984013 % 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 17,328,302.05 7.000000 % 11,382.34
M-2 76110FQW6 5,422,000.00 5,414,969.56 7.000000 % 3,556.90
M-3 76110FQX4 5,422,000.00 5,414,969.56 7.000000 % 3,556.90
B-1 76110FQY2 2,385,700.00 2,382,606.58 7.000000 % 1,565.05
B-2 76110FQZ9 1,084,400.00 1,082,993.92 7.000000 % 711.38
B-3 76110FRA3 1,952,351.82 1,949,820.29 7.000000 % 1,280.77
- -------------------------------------------------------------------------------
433,770,084.51 426,467,150.32 5,056,831.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 108,774.74 565,731.51 0.00 0.00 18,884,209.74
A-2 828,972.76 4,445,383.44 0.00 0.00 149,451,901.98
A-3 464,452.49 464,452.49 0.00 0.00 82,584,000.00
A-4 197,364.38 908,996.86 0.00 0.00 37,151,196.36
A-5 117,701.73 117,701.73 0.00 0.00 0.00
A-6 67,424.07 317,013.86 0.00 0.00 12,895,305.35
A-7 505,974.53 505,974.53 0.00 0.00 86,753,900.00
A-8 0.00 188.28 0.00 0.00 138,196.93
A-9 349,645.44 349,645.44 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 101,063.81 112,446.15 0.00 0.00 17,316,919.71
M-2 31,581.71 35,138.61 0.00 0.00 5,411,412.66
M-3 31,581.71 35,138.61 0.00 0.00 5,411,412.66
B-1 13,896.07 15,461.12 0.00 0.00 2,381,041.53
B-2 6,316.34 7,027.72 0.00 0.00 1,082,282.54
B-3 11,371.93 12,652.70 0.00 0.00 1,948,539.52
- -------------------------------------------------------------------------------
2,836,121.71 7,892,953.05 0.00 0.00 421,410,318.98
===============================================================================
Run: 05/20/98 14:16:03
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-1 967.058326 22.847838 5.438737 28.286575 0.000000 944.210487
A-2 967.058325 22.847838 5.237302 28.085140 0.000000 944.210487
A-3 1000.000000 0.000000 5.624001 5.624001 0.000000 1000.000000
A-4 973.616572 18.299139 5.075089 23.374228 0.000000 955.317433
A-6 973.353460 18.481629 4.992619 23.474248 0.000000 954.871831
A-7 1000.000000 0.000000 5.832297 5.832297 0.000000 1000.000000
A-8 997.495327 1.357142 0.000000 1.357142 0.000000 996.138185
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-1 998.703348 0.656012 5.824735 6.480747 0.000000 998.047336
M-2 998.703349 0.656013 5.824734 6.480747 0.000000 998.047337
M-3 998.703349 0.656013 5.824734 6.480747 0.000000 998.047337
B-1 998.703349 0.656013 5.824735 6.480748 0.000000 998.047336
B-2 998.703357 0.656013 5.824733 6.480746 0.000000 998.047344
B-3 998.703343 0.656014 5.824734 6.480748 0.000000 998.047329
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:16:03 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 88,367.19
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 91,794.41
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 92 10,650,082.80
(B) TWO MONTHLY PAYMENTS: 10 1,599,003.30
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 92,150.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 421,410,318.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,485
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 4,776,649.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.12493630 % 6.60481900 % 1.27024520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.03564470 % 6.67751684 % 1.28464790 %
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 8.25987706
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.19
POOL TRADING FACTOR: 97.15061827
................................................................................
Run: 05/20/98 14:16:50 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 115,517,963.00 113,785,810.51 6.500000 % 844,633.08
A-2 76110FRC9 34,880,737.00 31,056,468.59 6.500000 % 161,876.77
A-3 76110FRD7 0.00 0.00 1.211200 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,903,485.45 6.500000 % 12,040.08
M-2 76110FRG0 785,100.00 780,398.89 6.500000 % 2,407.10
M-3 76110FRH8 707,000.00 702,766.54 6.500000 % 2,167.64
B-1 76110FRJ4 471,200.00 468,378.49 6.500000 % 1,444.69
B-2 76110FRK1 314,000.00 312,119.80 6.500000 % 962.72
B-3 76110FRL9 471,435.62 468,612.70 6.500000 % 1,445.40
- -------------------------------------------------------------------------------
157,074,535.62 151,478,040.97 1,026,977.48
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 615,855.14 1,460,488.22 0.00 0.00 112,941,177.43
A-2 168,090.25 329,967.02 0.00 0.00 30,894,591.82
A-3 152,768.60 152,768.60 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 21,127.25 33,167.33 0.00 0.00 3,891,445.37
M-2 4,223.84 6,630.94 0.00 0.00 777,991.79
M-3 3,803.66 5,971.30 0.00 0.00 700,598.90
B-1 2,535.05 3,979.74 0.00 0.00 466,933.80
B-2 1,689.32 2,652.04 0.00 0.00 311,157.08
B-3 2,536.32 3,981.72 0.00 0.00 467,167.30
- -------------------------------------------------------------------------------
972,629.43 1,999,606.91 0.00 0.00 150,451,063.49
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 985.005341 7.311703 5.331250 12.642953 0.000000 977.693637
A-2 890.361594 4.640864 4.818999 9.459863 0.000000 885.720730
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.012083 3.065974 5.379997 8.445971 0.000000 990.946109
M-2 994.012088 3.065979 5.380003 8.445982 0.000000 990.946109
M-3 994.012079 3.065969 5.380000 8.445969 0.000000 990.946110
B-1 994.012076 3.065980 5.379987 8.445967 0.000000 990.946095
B-2 994.012102 3.065987 5.380000 8.445987 0.000000 990.946115
B-3 994.012077 3.065954 5.379992 8.445946 0.000000 990.946123
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:16:50 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS3 (POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4285
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 31,596.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,384.17
SUBSERVICER ADVANCES THIS MONTH 15,150.16
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 14 1,212,364.67
(B) TWO MONTHLY PAYMENTS: 3 132,338.04
(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 150,451,063.49
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,556
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 559,752.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.61932420 % 3.55606100 % 0.82461520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.60302590 % 3.56929086 % 0.82768320 %
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 7.99147400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 172.34
POOL TRADING FACTOR: 95.78322985
................................................................................
Run: 05/20/98 14:16:52 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- 76110FRM7 135,006,400.00 133,473,122.57 6.500000 % 2,708,609.35
A-I- 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I- 76110FRP0 41,218,155.00 40,834,835.64 6.093750 % 677,152.34
A-I- 76110FRQ8 0.00 0.00 2.906250 % 0.00
A-I- 76110FRR6 64,868,000.00 64,868,000.00 7.000000 % 0.00
A-II 76110FRS4 75,203,000.00 75,138,505.07 7.000000 % 661,876.93
A-V 76110FRU9 0.00 0.00 0.868944 % 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 14,180,652.53 7.000000 % 9,469.10
M-2 76110FRY1 5,067,800.00 5,064,461.66 7.000000 % 3,381.78
M-3 76110FRZ8 5,067,800.00 5,064,461.66 7.000000 % 3,381.78
B-1 76110FSA2 2,230,000.00 2,228,531.02 7.000000 % 1,488.10
B-2 76110FSB0 1,216,400.00 1,215,598.71 7.000000 % 811.71
B-3 76110FSC8 1,621,792.30 1,620,723.97 7.000000 % 1,082.24
- -------------------------------------------------------------------------------
405,421,992.30 403,421,337.83 4,067,253.33
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 722,751.06 3,431,360.41 0.00 0.00 130,764,513.22
A-I-2 335,888.88 335,888.88 0.00 0.00 59,732,445.00
A-I-3 207,298.90 884,451.24 0.00 0.00 40,157,683.30
A-I-4 98,865.63 98,865.63 0.00 0.00 0.00
A-I-5 378,277.15 378,277.15 0.00 0.00 64,868,000.00
A-II 438,169.51 1,100,046.44 0.00 0.00 74,476,628.14
A-V 292,033.31 292,033.31 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 82,694.34 92,163.44 0.00 0.00 14,171,183.43
M-2 29,533.36 32,915.14 0.00 0.00 5,061,079.88
M-3 29,533.36 32,915.14 0.00 0.00 5,061,079.88
B-1 12,995.65 14,483.75 0.00 0.00 2,227,042.92
B-2 7,088.75 7,900.46 0.00 0.00 1,214,787.00
B-3 9,451.23 10,533.47 0.00 0.00 1,619,641.72
- -------------------------------------------------------------------------------
2,644,581.13 6,711,834.46 0.00 0.00 399,354,084.49
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 988.642928 20.062822 5.353458 25.416280 0.000000 968.580106
A-I- 1000.000000 0.000000 5.623223 5.623223 0.000000 1000.000000
A-I- 990.700230 16.428497 5.029311 21.457808 0.000000 974.271733
A-I- 1000.000000 0.000000 5.831491 5.831491 0.000000 1000.000000
A-II 999.142389 8.801204 5.826490 14.627694 0.000000 990.341185
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.341264 0.667308 5.827649 6.494957 0.000000 998.673956
M-2 999.341264 0.667307 5.827649 6.494956 0.000000 998.673957
M-3 999.341264 0.667307 5.827649 6.494956 0.000000 998.673957
B-1 999.341265 0.667309 5.827646 6.494955 0.000000 998.673955
B-2 999.341261 0.667305 5.827647 6.494952 0.000000 998.673956
B-3 999.341266 0.667311 5.827645 6.494956 0.000000 998.673949
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:16:52 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 83,652.61
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 15,758.64
SUBSERVICER ADVANCES THIS MONTH 108,271.61
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 109 14,324,352.81
(B) TWO MONTHLY PAYMENTS: 5 399,247.78
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 399,354,084.49
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,336
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,797,873.85
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.71867230 % 6.02585300 % 1.25547490 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.64942670 % 6.08315881 % 1.26741450 %
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 8.19652500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.97
POOL TRADING FACTOR: 98.50331064
................................................................................
Run: 05/20/98 14:16:16 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 151,551,000.00 151,551,000.00 6.750000 % 816,809.00
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 1.111689 % 0.00
R 76110FSK0 100.00 100.00 6.750000 % 100.00
M-1 76110FSL8 12,650,700.00 12,650,700.00 6.750000 % 8,475.38
M-2 76110FSM6 4,216,900.00 4,216,900.00 6.750000 % 2,825.13
M-3 76110FSN4 4,392,600.00 4,392,600.00 6.750000 % 2,942.84
B-1 76110FSP6 1,757,100.00 1,757,100.00 6.750000 % 1,177.18
B-2 76110FSQ7 1,054,300.00 1,054,300.00 6.750000 % 706.33
B-3 76110FSR5 1,405,623.28 1,405,623.28 6.750000 % 941.70
- -------------------------------------------------------------------------------
351,405,323.28 351,405,323.28 833,977.56
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 852,376.39 1,669,185.39 0.00 0.00 150,734,191.00
A-2 427,093.71 427,093.71 0.00 0.00 75,936,500.00
A-3 98,346.32 98,346.32 0.00 0.00 17,485,800.00
A-4 74,042.93 74,042.93 0.00 0.00 13,164,700.00
A-5 381,274.92 381,274.92 0.00 0.00 67,790,000.00
A-6 325,507.11 325,507.11 0.00 0.00 0.00
R 0.56 100.56 0.00 0.00 0.00
M-1 71,152.01 79,627.39 0.00 0.00 12,642,224.62
M-2 23,717.33 26,542.46 0.00 0.00 4,214,074.87
M-3 24,705.54 27,648.38 0.00 0.00 4,389,657.16
B-1 9,882.55 11,059.73 0.00 0.00 1,755,922.82
B-2 5,929.76 6,636.09 0.00 0.00 1,053,593.67
B-3 7,905.72 8,847.42 0.00 0.00 1,404,681.58
- -------------------------------------------------------------------------------
2,301,934.85 3,135,912.41 0.00 0.00 350,571,345.72
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 5.389664 5.624353 11.014017 0.000000 994.610336
A-2 1000.000000 0.000000 5.624353 5.624353 0.000000 1000.000000
A-3 1000.000000 0.000000 5.624353 5.624353 0.000000 1000.000000
A-4 1000.000000 0.000000 5.624354 5.624354 0.000000 1000.000000
A-5 1000.000000 0.000000 5.624353 5.624353 0.000000 1000.000000
R 1000.000000 1000.00000 5.600000 1005.600000 0.000000 0.000000
M-1 1000.000000 0.669953 5.624354 6.294307 0.000000 999.330047
M-2 1000.000000 0.669954 5.624352 6.294306 0.000000 999.330046
M-3 1000.000000 0.669954 5.624355 6.294309 0.000000 999.330046
B-1 1000.000000 0.669956 5.624353 6.294309 0.000000 999.330044
B-2 1000.000000 0.669952 5.624357 6.294309 0.000000 999.330048
B-3 1000.000000 0.669952 5.624352 6.294304 0.000000 999.330048
_______________________________________________________________________________
DETERMINATION DATE 20-May-98
DISTRIBUTION DATE 26-May-98
Run: 05/20/98 14:16:16 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 73,207.81
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,306.17
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 4,800,028.21
(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 350,571,345.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,796
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 598,552.25
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.74990400 % 6.05005100 % 1.20004540 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.73752550 % 6.06038026 % 1.20209430 %
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 8.11147962
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.90
POOL TRADING FACTOR: 99.76267361
................................................................................
