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)
March 25, 1998
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in
its charter)
33-95932; 333-8733
Delaware 333-33493, 333-48327 51-0368240
(State or other (Commission File Number) (I.R.S. Employee
jurisdiction of Identification No.)
incorporation)
8400 Normandale Lake Boulevard Minneapolis, Minnesota 55437
(Address of Principal Executive Offices) (Zip Code)
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 March 1998 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-QS1 RALI
1996-QS1 RALI
1996-QS2 RALI
1996-QS3 RALI
1996-QS4 RALI
1996-QS6 RALI
1996-QS5 RALI
1996-QS7 RALI
1996-QS8 RALI
1997-QS1 RALI
1997-QS2 RALI
1997-QS3 RALI
1997-QS3 RALI
1997-QS4 RALI
1997-QS5 RALI
1997-QS6 RALI
1997-QS7 RALI
1997-QS8 RALI
1997-QS9 RALI
1997-QS10 RALI
1997-QS11 RALI
1997-QS12 RALI
Item 7. Financial Statements and Exhibits
(a) See attached monthly reports.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
Dated: March 25, 1998
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: March 25, 1998
Exhibits
March 1998 Distribution Reports
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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 39,371,002.44 6.900000 % 4,988,220.14
A-3 76110FAC7 22,250,000.00 22,250,000.00 7.300000 % 0.00
A-4 76110FAD5 46,000,000.00 46,000,000.00 7.500000 % 0.00
A-5 76110FAE3 22,100,000.00 22,100,000.00 7.500000 % 0.00
A-6 76110FAF0 31,109,000.00 31,109,000.00 7.500000 % 0.00
R 514.42 2,326,135.63 0.000000 % 0.00
- -------------------------------------------------------------------------------
258,459,514.42 163,156,138.07 4,988,220.14
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 226,383.26 5,214,603.40 0.00 0.00 34,382,782.30
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 221,212.44 221,212.44 0.00 0.00 2,326,135.63
- -------------------------------------------------------------------------------
1,203,006.12 6,191,226.26 0.00 0.00 158,167,917.93
===============================================================================
_______________________________________________________________________________
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-2 477.224272 60.463274 2.744040 63.207314 0.000000 416.760998
A-3 1000.000000 0.000000 6.083333 6.083333 0.000000 1000.000000
A-4 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
R 0000.000000 0.000000 0.000000 0.000000 0.000000 0000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-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 33,117.13
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 679.17
SUBSERVICER ADVANCES THIS MONTH 100,790.23
MASTER SERVICER ADVANCES THIS MONTH 9,946.64
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 65 6,803,386.06
(B) TWO MONTHLY PAYMENTS: 10 1,196,991.38
(C) THREE OR MORE MONTHLY PAYMENTS: 6 954,884.61
FORECLOSURES
NUMBER OF LOANS 23
AGGREGATE PRINCIPAL BALANCE 3,109,039.64
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 158,167,917.93
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,763
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 8
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,237,074.01
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,808,959.59
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.57428860 % 1.42571140 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.52932530 % 1.47067470 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.32783472
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 298.03
POOL TRADING FACTOR: 61.19639986
................................................................................
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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 36,834,062.06 6.250000 % 4,827,647.24
A-I- 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
A-I- 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I- 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I- 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I- 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 14,136,680.53 6.027500 % 419,245.60
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 160,363,473.07 5,246,892.84
===============================================================================
_______________________________________________________________________________
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-2 191,844.07 5,019,491.31 0.00 0.00 32,006,414.82
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 66,273.54 485,519.14 0.00 0.00 13,717,434.93
R 56,072.55 56,072.55 0.00 0.00 2,026,594.48
- -------------------------------------------------------------------------------
932,580.41 6,179,473.25 0.00 0.00 155,116,580.23
===============================================================================
_______________________________________________________________________________
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- 548.240140 71.854958 2.855417 74.710375 0.000000 476.385182
A-I- 1000.000000 0.000000 5.625000 5.625000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I- 1000.000000 0.000000 5.583334 5.583334 0.000000 1000.000000
A-II 481.249223 14.272206 2.256123 16.528329 0.000000 466.977017
R 000.000000 0.000000 0.000000 00.000000 0.000000 000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-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 33,782.19
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 88,512.31
MASTER SERVICER ADVANCES THIS MONTH 14,433.55
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 5,600,477.25
(B) TWO MONTHLY PAYMENTS: 13 1,583,369.64
(C) THREE OR MORE MONTHLY PAYMENTS: 3 277,144.23
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 3,667,491.21
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 155,116,580.23
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,357
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,789,462.05
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,274,714.00
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.73624930 % 1.26375070 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.69350230 % 1.30649770 %
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 8.98638800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 309.49
POOL TRADING FACTOR: 60.60612048
................................................................................
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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 10,939,483.95 7.000000 % 3,858,932.26
A-3 76110FAU7 28,500,000.00 28,500,000.00 7.050000 % 0.00
A-4 76110FAV5 15,000,000.00 15,000,000.00 7.050000 % 0.00
A-5 76110FAW3 14,000,000.00 14,000,000.00 7.350000 % 0.00
A-6 76110FAX1 10,000,000.00 10,000,000.00 7.450000 % 0.00
A-7 76110FAY9 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-8 76110FAZ6 14,043,411.00 14,043,411.00 7.500000 % 0.00
A-9 76110FBA0 18,190,000.00 18,190,000.00 7.500000 % 0.00
A-10 76110FBB8 178,007.00 158,728.11 0.000000 % 25,675.73
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 138,650,737.24 3,884,607.99
===============================================================================
_______________________________________________________________________________
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 63,813.66 3,922,745.92 0.00 0.00 7,080,551.69
A-3 167,437.50 167,437.50 0.00 0.00 28,500,000.00
A-4 88,125.00 88,125.00 0.00 0.00 15,000,000.00
A-5 85,750.00 85,750.00 0.00 0.00 14,000,000.00
A-6 62,083.33 62,083.33 0.00 0.00 10,000,000.00
A-7 157,083.33 157,083.33 0.00 0.00 26,000,000.00
A-8 87,771.32 87,771.32 0.00 0.00 14,043,411.00
A-9 113,687.50 113,687.50 0.00 0.00 18,190,000.00
A-10 0.00 25,675.73 0.00 0.00 133,052.38
R 136,093.68 136,093.68 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
961,845.32 4,846,453.31 0.00 0.00 134,766,129.25
===============================================================================
_______________________________________________________________________________
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-2 683.717747 241.183266 3.988354 245.171620 0.000000 442.534481
A-3 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-4 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.125000 6.125000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.208333 6.208333 0.000000 1000.000000
A-7 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-8 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-9 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-10 891.695888 144.240002 0.000000 144.240002 0.000000 747.455887
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-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 28,586.65
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 79,408.43
MASTER SERVICER ADVANCES THIS MONTH 2,491.30
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 48 6,056,645.26
(B) TWO MONTHLY PAYMENTS: 8 1,220,609.66
(C) THREE OR MORE MONTHLY PAYMENTS: 2 224,332.49
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 2,629,364.82
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 134,766,129.25
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,326
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 4
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 328,718.17
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,749,369.80
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.68798810 % 1.31201190 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.65016960 % 1.34983040 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78700433
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 314.21
POOL TRADING FACTOR: 74.08338120
................................................................................
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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 19,943,877.50 7.150000 % 4,987,627.81
A-I- 76110FBE2 10,596,000.00 10,596,000.00 7.290000 % 0.00
A-I- 76110FBF9 25,000,000.00 18,955,277.86 7.250000 % 36,831.71
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 16,554,621.48 7.750000 % 212,711.99
A-P 76110FBQ5 1,166,695.86 1,053,044.40 0.000000 % 8,227.99
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 12,278,523.79 7.750000 % 11,609.78
M-2 76110FBU6 5,568,000.00 5,456,903.87 7.750000 % 5,159.70
M-3 76110FBV4 4,176,000.00 4,092,677.92 7.750000 % 3,869.77
B-1 1,809,600.00 1,773,493.75 7.750000 % 1,676.90
B-2 696,000.00 682,112.98 7.750000 % 644.96
B-3 1,670,738.96 1,585,879.71 7.750000 % 1,499.51
SPRE 0.00 0.00 0.716219 % 0.00
A-V 7611OFHY2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 218,758,975.26 5,269,860.12
===============================================================================
_______________________________________________________________________________
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-2 118,801.15 5,106,428.96 0.00 0.00 14,956,249.69
A-I-3 64,353.84 64,353.84 0.00 0.00 10,596,000.00
A-I-4 114,491.47 151,323.18 0.00 0.00 18,918,446.15
A-I-5 115,518.92 115,518.92 0.00 0.00 18,587,000.00
A-I-6 140,083.30 140,083.30 0.00 0.00 21,696,000.00
A-I-7 51,956.60 51,956.60 0.00 0.00 8,047,000.00
A-I-8 112,578.01 112,578.01 0.00 0.00 17,436,000.00
A-I-9 162,352.26 162,352.26 0.00 0.00 25,145,000.00
A-I-10 122,676.19 122,676.19 0.00 0.00 19,000,000.00
A-I-11 102,502.82 102,502.82 0.00 0.00 15,875,562.00
A-II 106,887.26 319,599.25 0.00 0.00 16,341,909.49
A-P 0.00 8,227.99 0.00 0.00 1,044,816.41
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 79,278.03 90,887.81 0.00 0.00 12,266,914.01
M-2 35,233.27 40,392.97 0.00 0.00 5,451,744.17
M-3 26,424.96 30,294.73 0.00 0.00 4,088,808.15
B-1 11,450.81 13,127.71 0.00 0.00 1,771,816.85
B-2 4,404.16 5,049.12 0.00 0.00 681,468.02
B-3 10,239.46 11,738.97 0.00 0.00 1,584,380.20
SPRED 130,531.95 130,531.95 0.00 0.00 0.00
A-V 26,416.71 26,416.71 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,536,181.17 6,806,041.29 0.00 0.00 213,489,115.14
===============================================================================
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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- 767.072212 191.831839 4.569275 196.401114 0.000000 575.240373
A-I- 1000.000000 0.000000 6.073409 6.073409 0.000000 1000.000000
A-I- 758.211114 1.473268 4.579659 6.052927 0.000000 756.737846
A-I- 1000.000000 0.000000 6.215038 6.215038 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456642 6.456642 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456642 6.456642 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456642 6.456642 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456642 6.456642 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456642 6.456642 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456642 6.456642 0.000000 1000.000000
A-II 805.521321 10.350224 5.200963 15.551187 0.000000 795.171097
A-P 902.586900 7.052388 0.000000 7.052388 0.000000 895.534513
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-1 980.047395 0.926670 6.327815 7.254485 0.000000 979.120726
M-2 980.047390 0.926670 6.327814 7.254484 0.000000 979.120720
M-3 980.047395 0.926669 6.327816 7.254485 0.000000 979.120726
B-1 980.047386 0.926669 6.327813 7.254482 0.000000 979.120717
B-2 980.047385 0.926667 6.327816 7.254483 0.000000 979.120718
B-3 949.208553 0.897513 6.128701 7.026214 0.000000 948.311040
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:28:23 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 45,369.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 74,768.22
MASTER SERVICER ADVANCES THIS MONTH 3,716.83
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 55 6,706,076.85
(B) TWO MONTHLY PAYMENTS: 9 1,620,795.42
(C) THREE OR MORE MONTHLY PAYMENTS: 4 697,141.58
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 337,124.88
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 213,489,115.14
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,988
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 465,318.42
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,058,317.57
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.69301400 % 9.97815300 % 1.84746090 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 87.83439630 % 10.21479072 % 1.90057590 %
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 8.75519200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 315.10
POOL TRADING FACTOR: 76.68300443
................................................................................
Run: 03/31/98 10:28:24 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 3,273,726.96 6.850000 % 3,273,726.96
A-I- 76110FBX0 26,945,000.00 11,310,357.05 11.000000 % 1,332,312.41
A-I- 76110FBY8 15,646,000.00 15,646,000.00 7.300000 % 565,481.65
A-I- 76110FBZ5 32,740,000.00 32,740,000.00 7.500000 % 0.00
A-I- 76110FCA9 10,023,000.00 10,023,000.00 7.700000 % 0.00
A-I- 76110FCB7 26,811,000.00 26,811,000.00 8.000000 % 0.00
A-I- 76110FCC5 18,046,000.00 18,046,000.00 8.000000 % 0.00
A-I- 76110FCD3 9,094,000.00 9,094,000.00 8.000000 % 0.00
A-I- 76110FCE1 10,284,000.00 10,284,000.00 8.000000 % 0.00
A-I- 76110FCF8 27,538,000.00 27,538,000.00 7.900000 % 0.00
A-II 76110FCG6 16,021,000.00 11,474,963.81 7.250000 % 918,520.12
A-II 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,582,611.01 0.000000 % 23,292.33
A-V 76110FGN7 0.00 0.00 0.757187 % 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 12,995,069.13 8.000000 % 13,457.10
M-2 76110FCN1 5,570,800.00 5,471,670.07 8.000000 % 5,666.21
M-3 76110FCP6 4,456,600.00 4,377,296.79 8.000000 % 4,532.93
B-1 76110FCR2 2,228,400.00 2,188,746.62 8.000000 % 2,266.57
B-2 76110FCS0 696,400.00 684,007.87 8.000000 % 708.33
B-3 76110FCT8 1,671,255.97 1,568,076.10 8.000000 % 1,623.83
STRI 0.00 0.00 0.120460 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 214,688,525.41 6,141,588.44
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 18,664.85 3,292,391.81 0.00 0.00 0.00
A-I-2 103,552.51 1,435,864.92 0.00 0.00 9,978,044.64
A-I-3 95,064.38 660,546.03 0.00 0.00 15,080,518.35
A-I-4 204,376.79 204,376.79 0.00 0.00 32,740,000.00
A-I-5 64,236.24 64,236.24 0.00 0.00 10,023,000.00
A-I-6 178,523.19 178,523.19 0.00 0.00 26,811,000.00
A-I-7 120,160.74 120,160.74 0.00 0.00 18,046,000.00
A-I-8 60,553.13 60,553.13 0.00 0.00 9,094,000.00
A-I-9 68,476.84 68,476.84 0.00 0.00 10,284,000.00
A-I-10 181,071.93 181,071.93 0.00 0.00 27,538,000.00
A-II-1 69,243.82 987,763.94 0.00 0.00 10,556,443.69
A-II-2 54,631.15 54,631.15 0.00 0.00 8,580,000.00
A-P 0.00 23,292.33 0.00 0.00 2,559,318.68
A-V 135,301.79 135,301.79 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 86,528.70 99,985.80 0.00 0.00 12,981,612.03
M-2 36,433.55 42,099.76 0.00 0.00 5,466,003.86
M-3 29,146.58 33,679.51 0.00 0.00 4,372,763.86
B-1 14,573.94 16,840.51 0.00 0.00 2,186,480.05
B-2 4,554.52 5,262.85 0.00 0.00 683,299.54
B-3 10,441.16 12,064.99 0.00 0.00 1,253,947.38
STRIP 12,090.18 12,090.18 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,547,625.99 7,689,214.43 0.00 0.00 208,234,432.08
===============================================================================
Run: 03/31/98 10:28:24
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- 71.301280 71.301280 0.406518 71.707798 0.000000 0.000000
A-I- 419.757174 49.445627 3.843107 53.288734 0.000000 370.311547
A-I- 1000.000000 36.142250 6.075954 42.218204 0.000000 963.857750
A-I- 1000.000000 0.000000 6.242419 6.242419 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.408884 6.408884 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658580 6.658580 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658580 6.658580 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658580 6.658580 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.658580 6.658580 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.575348 6.575348 0.000000 1000.000000
A-II 716.245166 57.332259 4.322066 61.654325 0.000000 658.912907
A-II 1000.000000 0.000000 6.367267 6.367267 0.000000 1000.000000
A-P 849.644273 7.662862 0.000000 7.662862 0.000000 841.981411
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-1 982.205444 1.017127 6.540093 7.557220 0.000000 981.188317
M-2 982.205441 1.017127 6.540093 7.557220 0.000000 981.188314
M-3 982.205446 1.017127 6.540093 7.557220 0.000000 981.188318
B-1 982.205448 1.017129 6.540092 7.557221 0.000000 981.188319
B-2 982.205442 1.017131 6.540092 7.557223 0.000000 981.188311
B-3 938.262078 0.971623 6.247493 7.219116 0.000000 750.302407
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:28:25 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 44,041.25
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 73,067.73
MASTER SERVICER ADVANCES THIS MONTH 2,191.48
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 55 5,832,576.66
(B) TWO MONTHLY PAYMENTS: 11 1,615,573.29
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,541,903.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 208,234,432.08
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,141
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 267,633.99
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,750,113.88
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.08799540 % 10.64054800 % 2.06849930 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.89967580 % 10.95898480 % 2.00497130 %
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 8.98420300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 306.62
POOL TRADING FACTOR: 74.76038505
................................................................................
Run: 03/31/98 10:28:27 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 9,383,015.06 9.500000 % 919,485.95
A-I- 76110FCV3 25,000,000.00 15,179,235.53 7.600000 % 1,450,635.76
A-I- 76110FCW1 12,373,000.00 0.00 6.650000 % 0.00
A-I- 76110FCX9 7,100,000.00 5,161,505.78 7.450000 % 1,452,681.41
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 8,282,402.84 8.000000 % 49,118.71
A-II 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 956,454.58 0.000000 % 1,275.75
A-V 76110FGP2 0.00 0.00 0.865925 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,793,642.35 8.000000 % 7,633.36
M-2 76110FDK6 3,958,800.00 3,896,378.29 8.000000 % 3,816.24
M-3 76110FDL4 2,815,100.00 2,770,711.96 8.000000 % 2,713.73
B-1 76110FDM2 1,407,600.00 1,385,405.19 8.000000 % 1,356.91
B-2 76110FDN0 439,800.00 432,865.32 8.000000 % 423.96
B-3 76110FDP5 1,055,748.52 1,033,865.66 8.000000 % 1,012.60
- -------------------------------------------------------------------------------
175,944,527.21 134,035,482.56 3,890,154.38
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 74,239.13 993,725.08 0.00 0.00 8,463,529.11
A-I-2 96,079.42 1,546,715.18 0.00 0.00 13,728,599.77
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 32,025.77 1,484,707.18 0.00 0.00 3,708,824.37
A-I-5 64,163.78 64,163.78 0.00 0.00 10,137,000.00
A-I-6 36,106.05 36,106.05 0.00 0.00 5,558,000.00
A-I-7 112,774.58 112,774.58 0.00 0.00 16,926,000.00
A-I-8 45,866.72 45,866.72 0.00 0.00 6,884,000.00
A-I-9 74,816.60 74,816.60 0.00 0.00 11,229,000.00
A-I-10 149,919.70 149,919.70 0.00 0.00 22,501,000.00
A-II-1 55,184.01 104,302.72 0.00 0.00 8,233,284.13
A-II-2 30,149.18 30,149.18 0.00 0.00 4,525,000.00
A-P 0.00 1,275.75 0.00 0.00 955,178.83
A-V 96,664.47 96,664.47 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 51,927.50 59,560.86 0.00 0.00 7,786,008.99
M-2 25,960.80 29,777.04 0.00 0.00 3,892,562.05
M-3 18,460.70 21,174.43 0.00 0.00 2,767,998.23
B-1 9,230.67 10,587.58 0.00 0.00 1,384,048.28
B-2 2,884.10 3,308.06 0.00 0.00 432,441.36
B-3 6,888.44 7,901.04 0.00 0.00 1,001,436.83
- -------------------------------------------------------------------------------
983,341.62 4,873,496.00 0.00 0.00 130,113,911.95
===============================================================================
Run: 03/31/98 10:28:27
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- 393.450816 38.556103 3.113013 41.669116 0.000000 354.894713
A-I- 607.169421 58.025430 3.843177 61.868607 0.000000 549.143991
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 726.972645 204.603015 4.510672 209.113687 0.000000 522.369630
A-I- 1000.000000 0.000000 6.329662 6.329662 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.496231 6.496231 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.662802 6.662802 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.662801 6.662801 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.662802 6.662802 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.662802 6.662802 0.000000 1000.000000
A-II 742.017814 4.400529 4.943918 9.344447 0.000000 737.617285
A-II 1000.000000 0.000000 6.662802 6.662802 0.000000 1000.000000
A-P 864.882006 1.153604 0.000000 1.153604 0.000000 863.728403
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 984.232159 0.963991 6.557745 7.521736 0.000000 983.268168
M-2 984.232164 0.963989 6.557745 7.521734 0.000000 983.268175
M-3 984.232162 0.963991 6.557742 7.521733 0.000000 983.268172
B-1 984.232161 0.963988 6.557737 7.521725 0.000000 983.268173
B-2 984.232196 0.963984 6.557754 7.521738 0.000000 983.268213
B-3 979.272659 0.959130 6.524698 7.483828 0.000000 948.556220
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:28:28 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 27,483.50
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 56,811.85
MASTER SERVICER ADVANCES THIS MONTH 872.90
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 5,241,407.92
(B) TWO MONTHLY PAYMENTS: 6 424,838.27
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,343,746.27
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 130,113,911.95
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,319
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 109,442.63
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,709,705.42
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.36978580 % 10.78873500 % 2.12789640 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.63311780 % 11.10301662 % 2.18175450 %
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 9.13877200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 312.03
POOL TRADING FACTOR: 73.95166762
................................................................................
Run: 03/31/98 10:28:30 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 21,204,582.79 6.025000 % 2,367,880.03
A-I- 76110FDS9 0.00 0.00 2.975000 % 0.00
A-I- 76110FDT7 13,330,948.00 10,366,824.42 7.125000 % 2,326,338.39
A-I- 76110FDU4 24,973,716.00 23,915,100.62 7.600000 % 830,834.99
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 16,534,691.87 8.000000 % 250,144.52
A-P 76110FED1 601,147.92 495,916.03 0.000000 % 2,786.08
A-V 76110FGQ0 0.00 0.00 0.811429 % 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 8,998,934.71 8.000000 % 8,784.07
M-2 76110FEH2 5,126,400.00 5,061,345.42 8.000000 % 4,940.50
M-3 76110FEJ8 3,645,500.00 3,599,238.18 8.000000 % 3,513.30
B-1 1,822,700.00 1,799,569.73 8.000000 % 1,756.60
B-2 569,600.00 562,371.72 8.000000 % 548.94
B-3 1,366,716.75 1,349,372.96 8.000000 % 1,317.15
- -------------------------------------------------------------------------------
227,839,864.67 177,643,647.45 5,798,844.57
===============================================================================
_______________________________________________________________________________
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-2 106,131.45 2,474,011.48 0.00 0.00 18,836,702.76
A-I-3 52,405.15 52,405.15 0.00 0.00 0.00
A-I-4 61,360.36 2,387,698.75 0.00 0.00 8,040,486.03
A-I-5 150,988.23 981,823.22 0.00 0.00 23,084,265.63
A-I-6 493.73 493.73 0.00 0.00 0.00
A-I-7 6,396.59 6,396.59 0.00 0.00 1,000,000.00
A-I-8 61,021.48 61,021.48 0.00 0.00 9,539,699.00
A-I-9 149,703.30 149,703.30 0.00 0.00 22,526,000.00
A-I-10 77,423.58 77,423.58 0.00 0.00 11,650,000.00
A-I-11 202,171.90 202,171.90 0.00 0.00 30,421,000.00
A-I-12 57,280.15 57,280.15 0.00 0.00 8,619,000.00
A-II 109,886.26 360,030.78 0.00 0.00 16,284,547.35
A-P 0.00 2,786.08 0.00 0.00 493,129.95
A-V 119,745.03 119,745.03 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 59,805.13 68,589.20 0.00 0.00 8,990,150.64
M-2 33,636.69 38,577.19 0.00 0.00 5,056,404.92
M-3 23,919.82 27,433.12 0.00 0.00 3,595,724.88
B-1 11,959.58 13,716.18 0.00 0.00 1,797,813.13
B-2 3,737.41 4,286.35 0.00 0.00 561,822.78
B-3 8,967.66 10,284.81 0.00 0.00 1,331,105.04
- -------------------------------------------------------------------------------
1,297,033.50 7,095,878.07 0.00 0.00 171,827,852.11
===============================================================================
Run: 03/31/98 10:28:30
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- 489.459083 54.657071 2.449801 57.106872 0.000000 434.802012
A-I- 777.650953 174.506598 4.602850 179.109448 0.000000 603.144355
A-I- 957.610819 33.268377 6.045886 39.314263 0.000000 924.342442
A-I- 1000.000000 0.000000 6.396590 6.396590 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.396583 6.396583 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.645800 6.645800 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.645801 6.645801 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.645801 6.645801 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.645800 6.645800 0.000000 1000.000000
A-II 822.457813 12.442525 5.465890 17.908415 0.000000 810.015288
A-P 824.948425 4.634597 0.000000 4.634597 0.000000 820.313828
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-1 987.309889 0.963736 6.561465 7.525201 0.000000 986.346152
M-2 987.309890 0.963737 6.561464 7.525201 0.000000 986.346153
M-3 987.309883 0.963736 6.561465 7.525201 0.000000 986.346147
B-1 987.309886 0.963735 6.561464 7.525199 0.000000 986.346151
B-2 987.309902 0.963729 6.561464 7.525193 0.000000 986.346173
B-3 987.309887 0.963733 6.561462 7.525195 0.000000 973.943605
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:28:31 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 36,436.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 66,154.74
MASTER SERVICER ADVANCES THIS MONTH 600.36
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 5,853,149.30
(B) TWO MONTHLY PAYMENTS: 6 720,934.51
(C) THREE OR MORE MONTHLY PAYMENTS: 1 76,051.97
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 1,500,701.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 171,827,852.11
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,739
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 70,309.91
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,583,854.03
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.69066660 % 9.94097900 % 2.08919060 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.54892110 % 10.26741603 % 2.15411150 %
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 9.11461800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 314.50
POOL TRADING FACTOR: 75.41606135
................................................................................
Run: 03/31/98 10:26:33 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 2,896,861.32 7.400000 % 192,829.93
A-2 76110FEL3 4,074,824.00 1,645,029.50 7.300000 % 330,774.60
A-3 76110FEM1 13,128,206.00 13,128,206.00 7.050000 % 0.00
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 9,229,195.32 7.400000 % 787,445.14
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 23,970,660.25 6.125000 % 1,296,791.82
A-8 76110FES8 0.00 0.00 2.875000 % 0.00
A-9 76110FET6 32,965,000.00 14,895,509.81 0.000000 % 2,720,470.71
A-10 76110FEU3 20,953,719.00 20,583,543.06 7.400000 % 64,707.20
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 115,824.70 109,955.34 0.000000 % 146.30
A-15 76110FGR8 0.00 0.00 0.895899 % 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 6,584,022.55 7.750000 % 4,370.77
M-2 76110FFC2 4,440,700.00 4,389,381.32 7.750000 % 2,913.87
M-3 76110FFD0 3,108,500.00 3,072,576.81 7.750000 % 2,039.72
B-1 1,509,500.00 1,492,055.56 7.750000 % 990.49
B-2 444,000.00 438,868.95 7.750000 % 291.34
B-3 1,154,562.90 1,083,265.65 7.750000 % 719.12
- -------------------------------------------------------------------------------
177,623,205.60 146,506,737.44 5,404,491.01
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 17,725.17 210,555.10 0.00 0.00 2,704,031.39
A-2 9,929.50 340,704.10 0.00 0.00 1,314,254.90
A-3 76,528.89 76,528.89 0.00 0.00 13,128,206.00
A-4 22,726.67 22,726.67 0.00 0.00 3,765,148.00
A-5 56,471.13 843,916.27 0.00 0.00 8,441,750.18
A-6 15,911.81 15,911.81 0.00 0.00 2,600,500.00
A-7 121,399.54 1,418,191.36 0.00 0.00 22,673,868.43
A-8 56,983.46 56,983.46 0.00 0.00 0.00
A-9 90,507.66 2,810,978.37 0.00 0.00 12,175,039.10
A-10 125,945.54 190,652.74 0.00 0.00 20,518,835.86
A-11 89,553.89 89,553.89 0.00 0.00 13,975,000.00
A-12 12,816.30 12,816.30 0.00 0.00 2,000,000.00
A-13 132,308.80 132,308.80 0.00 0.00 20,646,958.00
A-14 0.00 146.30 0.00 0.00 109,809.04
A-15 108,529.47 108,529.47 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 42,191.40 46,562.17 0.00 0.00 6,579,651.78
M-2 28,127.81 31,041.68 0.00 0.00 4,386,467.45
M-3 19,689.54 21,729.26 0.00 0.00 3,070,537.09
B-1 9,561.31 10,551.80 0.00 0.00 1,491,065.07
B-2 2,812.34 3,103.68 0.00 0.00 438,577.61
B-3 6,941.73 7,660.85 0.00 0.00 1,082,546.53
- -------------------------------------------------------------------------------
1,046,661.96 6,451,152.97 0.00 0.00 141,102,246.43
===============================================================================
Run: 03/31/98 10:26:33
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-1 724.215330 48.207484 4.431293 52.638777 0.000000 676.007846
A-2 403.705657 81.175187 2.436792 83.611979 0.000000 322.530470
A-3 1000.000000 0.000000 5.829349 5.829349 0.000000 1000.000000
A-4 1000.000000 0.000000 6.036063 6.036063 0.000000 1000.000000
A-5 878.970983 74.994775 5.378203 80.372978 0.000000 803.976207
A-6 1000.000000 0.000000 6.118750 6.118750 0.000000 1000.000000
A-7 759.056110 41.064274 3.844244 44.908518 0.000000 717.991836
A-9 451.858329 82.526034 2.745568 85.271602 0.000000 369.332295
A-10 982.333640 3.088101 6.010653 9.098754 0.000000 979.245539
A-11 1000.000000 0.000000 6.408150 6.408150 0.000000 1000.000000
A-12 1000.000000 0.000000 6.408150 6.408150 0.000000 1000.000000
A-13 1000.000000 0.000000 6.408150 6.408150 0.000000 1000.000000
A-14 949.325489 1.263116 0.000000 1.263116 0.000000 948.062374
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 988.443560 0.656173 6.334094 6.990267 0.000000 987.787386
M-2 988.443561 0.656174 6.334094 6.990268 0.000000 987.787387
M-3 988.443561 0.656175 6.334097 6.990272 0.000000 987.787386
B-1 988.443564 0.656171 6.334091 6.990262 0.000000 987.787393
B-2 988.443581 0.656171 6.334099 6.990270 0.000000 987.787410
B-3 938.247409 0.622850 6.012431 6.635281 0.000000 937.624562
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:26:34 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 29,851.15
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 57,775.86
MASTER SERVICER ADVANCES THIS MONTH 501.30
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 4,364,936.45
(B) TWO MONTHLY PAYMENTS: 2 239,541.66
(C) THREE OR MORE MONTHLY PAYMENTS: 2 285,224.53
FORECLOSURES
NUMBER OF LOANS 24
AGGREGATE PRINCIPAL BALANCE 2,292,272.08
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 141,102,246.42
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,376
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 63,213.01
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,307,171.39
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.34662170 % 9.59446000 % 2.05891830 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.90797160 % 9.94786169 % 2.13641900 %
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 8.97372561
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.37
POOL TRADING FACTOR: 79.43908339
................................................................................
Run: 03/31/98 10:26:43 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 9,689,588.76 6.750000 % 2,538,677.39
A-2 76110FFF5 10,146,000.00 4,600,491.31 6.750000 % 597,335.87
A-3 76110FFG3 24,816,000.00 24,816,000.00 6.750000 % 0.00
A-4 76110FFH1 15,938,000.00 15,938,000.00 6.750000 % 0.00
A-5 76110FFJ7 10,253,000.00 10,253,000.00 6.750000 % 0.00
A-6 76110FFK4 31,511,646.00 25,272,949.08 11.000000 % 672,002.82
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 212,947.62 209,621.06 0.000000 % 4,024.83
A-13 76110FFS7 0.00 0.00 0.953180 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,306,967.66 7.500000 % 6,257.28
M-2 76110FFW8 6,251,000.00 6,204,314.28 7.500000 % 4,171.30
M-3 76110FFW8 4,375,700.00 4,343,019.98 7.500000 % 2,919.91
B-1 1,624,900.00 1,612,764.40 7.500000 % 1,084.30
B-2 624,800.00 620,133.67 7.500000 % 416.93
B-3 1,500,282.64 1,489,077.74 7.500000 % 1,001.12
- -------------------------------------------------------------------------------
250,038,730.26 214,505,281.94 3,827,891.75
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 54,492.19 2,593,169.58 0.00 0.00 7,150,911.37
A-2 25,872.18 623,208.05 0.00 0.00 4,003,155.44
A-3 139,559.91 139,559.91 0.00 0.00 24,816,000.00
A-4 89,631.92 89,631.92 0.00 0.00 15,938,000.00
A-5 57,660.70 57,660.70 0.00 0.00 10,253,000.00
A-6 231,618.75 903,621.57 0.00 0.00 24,600,946.26
A-7 99,271.09 99,271.09 0.00 0.00 17,652,000.00
A-8 31,805.83 31,805.83 0.00 0.00 5,655,589.00
A-9 107,234.38 107,234.38 0.00 0.00 19,068,000.00
A-10 57,743.73 57,743.73 0.00 0.00 10,267,765.00
A-11 296,848.49 296,848.49 0.00 0.00 47,506,000.00
A-12 0.00 4,024.83 0.00 0.00 205,596.23
A-13 170,348.32 170,348.32 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 58,156.01 64,413.29 0.00 0.00 9,300,710.38
M-2 38,768.60 42,939.90 0.00 0.00 6,200,142.98
M-3 27,138.02 30,057.93 0.00 0.00 4,340,100.07
B-1 10,077.61 11,161.91 0.00 0.00 1,611,680.10
B-2 3,875.00 4,291.93 0.00 0.00 619,716.74
B-3 9,304.73 10,305.85 0.00 0.00 1,479,764.63
- -------------------------------------------------------------------------------
1,509,407.46 5,337,299.21 0.00 0.00 210,669,078.20
===============================================================================
Run: 03/31/98 10:26:43
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-1 291.346105 76.332834 1.638469 77.971303 0.000000 215.013271
A-2 453.429067 58.874026 2.549988 61.424014 0.000000 394.555040
A-3 1000.000000 0.000000 5.623787 5.623787 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623787 5.623787 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623788 5.623788 0.000000 1000.000000
A-6 802.019326 21.325539 7.350259 28.675798 0.000000 780.693787
A-7 1000.000000 0.000000 5.623787 5.623787 0.000000 1000.000000
A-8 1000.000000 0.000000 5.623787 5.623787 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623787 5.623787 0.000000 1000.000000
A-10 1000.000000 0.000000 5.623788 5.623788 0.000000 1000.000000
A-11 1000.000000 0.000000 6.248653 6.248653 0.000000 1000.000000
A-12 984.378506 18.900563 0.000000 18.900563 0.000000 965.477942
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.531477 0.667301 6.201985 6.869286 0.000000 991.864176
M-2 992.531480 0.667301 6.201984 6.869285 0.000000 991.864179
M-3 992.531476 0.667301 6.201984 6.869285 0.000000 991.864175
B-1 992.531479 0.667303 6.201988 6.869291 0.000000 991.864176
B-2 992.531482 0.667302 6.201985 6.869287 0.000000 991.864181
B-3 992.531474 0.667288 6.201985 6.869273 0.000000 986.323904
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:26:44 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 44,574.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,818.91
SUBSERVICER ADVANCES THIS MONTH 47,801.27
MASTER SERVICER ADVANCES THIS MONTH 1,781.06
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 48 5,154,041.21
(B) TWO MONTHLY PAYMENTS: 5 462,807.95
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 435,125.56
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 210,669,078.20
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,997
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 224,726.50
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,660,572.80
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.99824770 % 9.26491100 % 1.73684140 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.80940550 % 9.41806629 % 1.76332800 %
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 8.77835755
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.20
POOL TRADING FACTOR: 84.25457847
................................................................................
Run: 03/31/98 10:26:49 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 24,816,128.53 9.000000 % 837,570.04
A-2 76110FFZ1 37,000,000.00 23,432,065.92 7.250000 % 1,805,991.39
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 7,836,829.42 7.250000 % 287,933.85
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 130,561.76 127,506.36 0.000000 % 120.57
A-10 76110FGH0 0.00 0.00 0.727557 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,898,803.54 7.750000 % 3,211.68
M-2 76110FGL1 4,109,600.00 4,082,270.06 7.750000 % 2,676.36
M-3 76110FGM9 2,630,200.00 2,612,708.46 7.750000 % 1,712.91
B-1 1,068,500.00 1,061,394.18 7.750000 % 695.86
B-2 410,900.00 408,167.41 7.750000 % 267.60
B-3 821,738.81 816,274.07 7.750000 % 535.15
- -------------------------------------------------------------------------------
164,383,983.57 142,264,360.95 2,940,715.41
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 186,049.38 1,023,619.42 0.00 0.00 23,978,558.49
A-2 141,514.29 1,947,505.68 0.00 0.00 21,626,074.53
A-3 31,404.59 31,404.59 0.00 0.00 5,200,000.00
A-4 109,916.04 109,916.04 0.00 0.00 18,200,000.00
A-5 47,329.30 335,263.15 0.00 0.00 7,548,895.57
A-6 44,518.59 44,518.59 0.00 0.00 7,371,430.00
A-7 67,145.89 67,145.89 0.00 0.00 10,400,783.00
A-8 200,131.34 200,131.34 0.00 0.00 31,000,000.00
A-9 0.00 120.57 0.00 0.00 127,385.79
A-10 86,221.31 86,221.31 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,625.94 34,837.62 0.00 0.00 4,895,591.86
M-2 26,354.52 29,030.88 0.00 0.00 4,079,593.70
M-3 16,867.25 18,580.16 0.00 0.00 2,610,995.55
B-1 6,852.20 7,548.06 0.00 0.00 1,060,698.32
B-2 2,635.07 2,902.67 0.00 0.00 407,899.81
B-3 5,269.74 5,804.89 0.00 0.00 815,738.92
- -------------------------------------------------------------------------------
1,003,835.45 3,944,550.86 0.00 0.00 139,323,645.54
===============================================================================
Run: 03/31/98 10:26:49
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-1 797.726431 26.924093 5.980647 32.904740 0.000000 770.802338
A-2 633.299079 48.810578 3.824711 52.635289 0.000000 584.488501
A-3 1000.000000 0.000000 6.039344 6.039344 0.000000 1000.000000
A-4 1000.000000 0.000000 6.039343 6.039343 0.000000 1000.000000
A-5 783.682942 28.793385 4.732930 33.526315 0.000000 754.889557
A-6 1000.000000 0.000000 6.039342 6.039342 0.000000 1000.000000
A-7 1000.000000 0.000000 6.455850 6.455850 0.000000 1000.000000
A-8 1000.000000 0.000000 6.455850 6.455850 0.000000 1000.000000
A-9 976.598048 0.923471 0.000000 0.923471 0.000000 975.674577
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.349732 0.651245 6.412917 7.064162 0.000000 992.698487
M-2 993.349732 0.651246 6.412916 7.064162 0.000000 992.698487
M-3 993.349730 0.651247 6.412915 7.064162 0.000000 992.698483
B-1 993.349724 0.651249 6.412915 7.064164 0.000000 992.698475
B-2 993.349744 0.651253 6.412923 7.064176 0.000000 992.698491
B-3 993.349785 0.651241 6.412914 7.064155 0.000000 992.698544
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:26:50 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 29,462.26
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 47,245.30
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 4,093,695.25
(B) TWO MONTHLY PAYMENTS: 5 1,047,738.27
(C) THREE OR MORE MONTHLY PAYMENTS: 1 33,191.62
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 888,799.01
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 139,323,645.54
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,341
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 2,847,426.88
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.23503250 % 8.15677400 % 1.60819350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.03527960 % 8.31601920 % 1.64109080 %
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 8.79916929
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.72
POOL TRADING FACTOR: 84.75500016
................................................................................
Run: 03/31/98 10:26:53 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 19,112,693.93 7.250000 % 2,274,634.29
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 11,660,769.70 9.500000 % 649,895.51
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 105,260.07 0.000000 % 102.66
A-10 76110FHB2 0.00 0.00 0.735213 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,310,470.83 7.750000 % 3,470.07
M-2 76110FHE6 4,112,900.00 4,085,031.04 7.750000 % 2,669.32
M-3 76110FHF3 2,632,200.00 2,614,364.23 7.750000 % 1,708.33
B-1 1,069,400.00 1,062,153.76 7.750000 % 694.05
B-2 411,200.00 408,413.72 7.750000 % 266.87
B-3 823,585.68 818,005.04 7.750000 % 534.51
- -------------------------------------------------------------------------------
164,514,437.18 147,705,162.32 2,933,975.61
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 115,328.86 2,389,963.15 0.00 0.00 16,838,059.64
A-2 165,912.07 165,912.07 0.00 0.00 26,579,000.00
A-3 105,000.45 105,000.45 0.00 0.00 16,821,000.00
A-4 151,517.50 151,517.50 0.00 0.00 23,490,000.00
A-5 46,042.22 46,042.22 0.00 0.00 7,138,000.00
A-6 6,450.29 6,450.29 0.00 0.00 1,000,000.00
A-7 92,199.57 742,095.08 0.00 0.00 11,010,874.19
A-8 177,383.20 177,383.20 0.00 0.00 27,500,000.00
A-9 0.00 102.66 0.00 0.00 105,157.41
A-10 90,383.06 90,383.06 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 34,254.12 37,724.19 0.00 0.00 5,307,000.76
M-2 26,349.67 29,018.99 0.00 0.00 4,082,361.72
M-3 16,863.43 18,571.76 0.00 0.00 2,612,655.90
B-1 6,851.21 7,545.26 0.00 0.00 1,061,459.71
B-2 2,634.39 2,901.26 0.00 0.00 408,146.85
B-3 5,276.38 5,810.89 0.00 0.00 817,470.53
- -------------------------------------------------------------------------------
1,042,446.42 3,976,422.03 0.00 0.00 144,771,186.71
===============================================================================
Run: 03/31/98 10:26:53
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-1 595.244135 70.841019 3.591792 74.432811 0.000000 524.403116
A-2 1000.000000 0.000000 6.242224 6.242224 0.000000 1000.000000
A-3 1000.000000 0.000000 6.242224 6.242224 0.000000 1000.000000
A-4 1000.000000 0.000000 6.450298 6.450298 0.000000 1000.000000
A-5 1000.000000 0.000000 6.450297 6.450297 0.000000 1000.000000
A-6 1000.000000 0.000000 6.450290 6.450290 0.000000 1000.000000
A-7 758.473377 42.272376 5.997110 48.269486 0.000000 716.201001
A-8 1000.000000 0.000000 6.450298 6.450298 0.000000 1000.000000
A-9 980.517925 0.956298 0.000000 0.956298 0.000000 979.561627
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.224013 0.649012 6.406591 7.055603 0.000000 992.575001
M-2 993.224012 0.649012 6.406591 7.055603 0.000000 992.575001
M-3 993.224007 0.649012 6.406591 7.055603 0.000000 992.574994
B-1 993.224013 0.649009 6.406592 7.055601 0.000000 992.575005
B-2 993.224027 0.649003 6.406590 7.055593 0.000000 992.575024
B-3 993.223972 0.648979 6.406595 7.055574 0.000000 992.574970
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:26:53 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 30,462.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,599.90
SUBSERVICER ADVANCES THIS MONTH 32,691.58
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 3,031,840.19
(B) TWO MONTHLY PAYMENTS: 3 318,827.59
(C) THREE OR MORE MONTHLY PAYMENTS: 2 59,039.25
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 861,190.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 144,771,186.71
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,356
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 2,837,446.64
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.31270450 % 8.13677100 % 1.55052440 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.12270150 % 8.29033639 % 1.58093580 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,935,433.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,650,000.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.80737098
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.77
POOL TRADING FACTOR: 87.99907728
................................................................................
Run: 03/31/98 10:26:58 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 25,266,474.20 7.250000 % 4,048,486.92
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 20,506,125.38 10.000000 % 899,663.66
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 155,284.33 153,520.70 0.000000 % 134.64
A-9 76110FHT3 0.00 0.00 0.746542 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,147,569.33 7.750000 % 4,525.28
M-2 76110FHW6 4,975,300.00 4,948,278.97 7.750000 % 3,132.86
M-3 76110FHX4 3,316,900.00 3,298,885.79 7.750000 % 2,088.59
B-1 1,216,200.00 1,209,594.78 7.750000 % 765.82
B-2 552,900.00 549,897.18 7.750000 % 348.15
B-3 995,114.30 989,709.82 7.750000 % 626.60
- -------------------------------------------------------------------------------
221,126,398.63 199,068,802.15 4,959,772.52
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 152,595.31 4,201,082.23 0.00 0.00 21,217,987.28
A-2 216,060.92 216,060.92 0.00 0.00 35,775,000.00
A-3 135,274.64 135,274.64 0.00 0.00 22,398,546.00
A-4 170,821.36 1,070,485.02 0.00 0.00 19,606,461.72
A-5 110,428.64 110,428.64 0.00 0.00 17,675,100.00
A-6 46,160.70 46,160.70 0.00 0.00 7,150,100.00
A-7 335,709.48 335,709.48 0.00 0.00 52,000,000.00
A-8 0.00 134.64 0.00 0.00 153,386.06
A-9 123,798.70 123,798.70 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,144.37 50,669.65 0.00 0.00 7,143,044.05
M-2 31,945.85 35,078.71 0.00 0.00 4,945,146.11
M-3 21,297.44 23,386.03 0.00 0.00 3,296,797.20
B-1 7,809.09 8,574.91 0.00 0.00 1,208,828.96
B-2 3,550.11 3,898.26 0.00 0.00 549,549.03
B-3 6,389.52 7,016.12 0.00 0.00 989,083.22
- -------------------------------------------------------------------------------
1,407,986.13 6,367,758.65 0.00 0.00 194,109,029.63
===============================================================================
Run: 03/31/98 10:26:58
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-1 584.452554 93.647752 3.529765 97.177517 0.000000 490.804802
A-2 1000.000000 0.000000 6.039439 6.039439 0.000000 1000.000000
A-3 1000.000000 0.000000 6.039438 6.039438 0.000000 1000.000000
A-4 837.044703 36.723598 6.972800 43.696398 0.000000 800.321106
A-5 1000.000000 0.000000 6.247695 6.247695 0.000000 1000.000000
A-6 1000.000000 0.000000 6.455952 6.455952 0.000000 1000.000000
A-7 1000.000000 0.000000 6.455952 6.455952 0.000000 1000.000000
A-8 988.642576 0.867055 0.000000 0.867055 0.000000 987.775521
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.568966 0.629683 6.420890 7.050573 0.000000 993.939283
M-2 994.568965 0.629683 6.420889 7.050572 0.000000 993.939282
M-3 994.568962 0.629681 6.420887 7.050568 0.000000 993.939281
B-1 994.568969 0.629683 6.420893 7.050576 0.000000 993.939286
B-2 994.568964 0.629680 6.420890 7.050570 0.000000 993.939284
B-3 994.568986 0.629686 6.420891 7.050577 0.000000 993.939305
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:26:59 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 40,967.10
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 37,293.78
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 2,995,334.48
(B) TWO MONTHLY PAYMENTS: 3 430,563.63
(C) THREE OR MORE MONTHLY PAYMENTS: 1 53,932.64
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,364,916.48
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 194,109,029.63
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,793
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 4,833,714.39
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.87856110 % 7.73934200 % 1.38209680 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.65123950 % 7.92595140 % 1.41654100 %
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 8.81750071
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 344.81
POOL TRADING FACTOR: 87.78193415
................................................................................
Run: 03/31/98 10:27:00 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 20,325,880.77 7.250000 % 3,979,699.51
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 25,091,614.32 10.000000 % 1,492,387.31
A-4 76110FJC8 24,000,000.00 24,000,000.00 7.250000 % 0.00
A-5 76110FJD6 11,785,091.00 11,785,091.00 7.250000 % 0.00
A-6 76110FJE4 18,143,000.00 18,143,000.00 8.000000 % 0.00
A-7 76110FJF1 4,767,000.00 4,767,000.00 8.000000 % 0.00
A-8 76110FJG9 0.00 0.00 0.750000 % 0.00
A-9 76110FJH7 42,917,000.00 42,917,000.00 7.250000 % 0.00
A-10 76110FJJ3 340,158.57 336,285.46 0.000000 % 6,361.42
A-11 76110FJK0 0.00 0.00 0.628286 % 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 6,694,038.58 8.000000 % 2,487.04
M-2 76110FJP9 4,330,000.00 4,306,862.87 8.000000 % 1,600.13
M-3 76110FJQ7 2,886,000.00 2,870,578.82 8.000000 % 1,066.51
B-1 1,058,000.00 1,052,346.63 8.000000 % 390.98
B-2 481,000.00 478,429.80 8.000000 % 177.75
B-3 866,066.26 861,438.47 8.000000 % 320.06
- -------------------------------------------------------------------------------
192,360,424.83 174,429,566.72 5,484,490.71
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 122,604.05 4,102,303.56 0.00 0.00 16,346,181.26
A-2 65,144.71 65,144.71 0.00 0.00 10,800,000.00
A-3 208,759.40 1,701,146.71 0.00 0.00 23,599,227.01
A-4 144,766.03 144,766.03 0.00 0.00 24,000,000.00
A-5 71,086.70 71,086.70 0.00 0.00 11,785,091.00
A-6 120,758.16 120,758.16 0.00 0.00 18,143,000.00
A-7 31,728.72 31,728.72 0.00 0.00 4,767,000.00
A-8 26,779.85 26,779.85 0.00 0.00 0.00
A-9 258,871.83 258,871.83 0.00 0.00 42,917,000.00
A-10 0.00 6,361.42 0.00 0.00 329,924.04
A-11 91,179.01 91,179.01 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 44,554.91 47,041.95 0.00 0.00 6,691,551.54
M-2 28,666.09 30,266.22 0.00 0.00 4,305,262.74
M-3 19,106.31 20,172.82 0.00 0.00 2,869,512.31
B-1 7,004.32 7,395.30 0.00 0.00 1,051,955.65
B-2 3,184.38 3,362.13 0.00 0.00 478,252.05
B-3 5,733.65 6,053.71 0.00 0.00 861,118.41
- -------------------------------------------------------------------------------
1,249,928.12 6,734,418.83 0.00 0.00 168,945,076.01
===============================================================================
Run: 03/31/98 10:27:00
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-1 610.386810 119.510496 3.681803 123.192299 0.000000 490.876314
A-2 1000.000000 0.000000 6.031918 6.031918 0.000000 1000.000000
A-3 837.590231 49.817800 6.968656 56.786456 0.000000 787.772430
A-4 1000.000000 0.000000 6.031918 6.031918 0.000000 1000.000000
A-5 1000.000000 0.000000 6.031918 6.031918 0.000000 1000.000000
A-6 1000.000000 0.000000 6.655909 6.655909 0.000000 1000.000000
A-7 1000.000000 0.000000 6.655909 6.655909 0.000000 1000.000000
A-9 1000.000000 0.000000 6.031918 6.031918 0.000000 1000.000000
A-10 988.613810 18.701337 0.000000 18.701337 0.000000 969.912474
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-1 994.656550 0.369545 6.620343 6.989888 0.000000 994.287005
M-2 994.656552 0.369545 6.620344 6.989889 0.000000 994.287007
M-3 994.656556 0.369546 6.620343 6.989889 0.000000 994.287010
B-1 994.656550 0.369546 6.620340 6.989886 0.000000 994.287004
B-2 994.656549 0.369543 6.620333 6.989876 0.000000 994.287006
B-3 994.656540 0.369544 6.620336 6.989880 0.000000 994.286984
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:27:01 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 35,834.16
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 47,450.59
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 4,957,673.30
(B) TWO MONTHLY PAYMENTS: 5 405,046.11
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 719,555.82
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 168,945,076.01
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,598
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 5,419,528.37
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.65805700 % 7.96784400 % 1.37409950 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.35813060 % 8.20759440 % 1.41821540 %
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 8.94144123
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.33
POOL TRADING FACTOR: 87.82735646
................................................................................
Run: 03/31/98 10:27:02 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 36,162,195.40 7.500000 % 1,967,309.55
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 20,765,372.97 7.500000 % 66,128.82
A-6 76110FJW4 164,986.80 158,821.82 0.000000 % 576.57
A-7 76110FJX2 0.00 0.00 0.740380 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,590,571.21 7.500000 % 8,249.86
M-2 76110FKA0 1,061,700.00 1,036,169.93 7.500000 % 3,299.76
M-3 76110FKB8 690,100.00 673,505.57 7.500000 % 2,144.83
B-1 371,600.00 362,664.35 7.500000 % 1,154.93
B-2 159,300.00 155,469.39 7.500000 % 495.10
B-3 372,446.48 363,490.47 7.500000 % 1,157.55
- -------------------------------------------------------------------------------
106,172,633.28 98,743,261.11 2,050,516.97
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 225,905.70 2,193,215.25 0.00 0.00 34,194,885.85
A-2 97,971.90 97,971.90 0.00 0.00 15,683,000.00
A-3 117,106.50 117,106.50 0.00 0.00 18,746,000.00
A-4 12,781.39 12,781.39 0.00 0.00 2,046,000.00
A-5 129,721.55 195,850.37 0.00 0.00 20,699,244.15
A-6 0.00 576.57 0.00 0.00 158,245.25
A-7 60,893.84 60,893.84 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,183.33 24,433.19 0.00 0.00 2,582,321.35
M-2 6,472.96 9,772.72 0.00 0.00 1,032,870.17
M-3 4,207.40 6,352.23 0.00 0.00 671,360.74
B-1 2,265.57 3,420.50 0.00 0.00 361,509.42
B-2 971.22 1,466.32 0.00 0.00 154,974.29
B-3 2,270.73 3,428.28 0.00 0.00 362,332.92
- -------------------------------------------------------------------------------
676,752.09 2,727,269.06 0.00 0.00 96,692,744.14
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 842.038732 45.808912 5.260227 51.069139 0.000000 796.229820
A-2 1000.000000 0.000000 6.247013 6.247013 0.000000 1000.000000
A-3 1000.000000 0.000000 6.247013 6.247013 0.000000 1000.000000
A-4 1000.000000 0.000000 6.247014 6.247014 0.000000 1000.000000
A-5 975.953986 3.107995 6.096797 9.204792 0.000000 972.845991
A-6 962.633496 3.494643 0.000000 3.494643 0.000000 959.138852
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 975.953590 3.107994 6.096794 9.204788 0.000000 972.845596
M-2 975.953593 3.107997 6.096788 9.204785 0.000000 972.845597
M-3 975.953586 3.107999 6.096798 9.204797 0.000000 972.845588
B-1 975.953579 3.107992 6.096798 9.204790 0.000000 972.845587
B-2 975.953484 3.107972 6.096798 9.204770 0.000000 972.845512
B-3 975.953565 3.107990 6.096795 9.204785 0.000000 972.845602
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:27:03 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4249
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 20,382.59
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 21,148.59
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 2,103,655.11
(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 96,692,744.14
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,221
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 1,736,006.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.74372330 % 4.36199300 % 0.89428330 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.64919900 % 4.43316848 % 0.91036540 %
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 8.55600984
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 164.29
POOL TRADING FACTOR: 91.07124986
................................................................................
Run: 03/31/98 10:27:10 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 69,930,988.71 7.500000 % 2,472,675.34
A-2 76110FKD4 20,984,000.00 20,984,000.00 7.500000 % 0.00
A-3 76110FKE2 11,000,000.00 11,000,000.00 7.500000 % 0.00
A-4 76110FKF9 4,000,000.00 4,000,000.00 7.500000 % 0.00
A-5 76110FKG7 17,500,000.00 17,500,000.00 7.750000 % 0.00
A-6 76110FKH5 17,500,000.00 17,500,000.00 7.250000 % 0.00
A-7 76110FKJ1 21,925,000.00 20,130,712.66 9.500000 % 353,239.34
A-8 76110FKP7 156,262.27 148,941.29 0.000000 % 116.81
A-9 76110FKQ5 0.00 0.00 0.781950 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,652,020.17 7.750000 % 4,088.03
M-2 76110FKM4 3,827,000.00 3,801,296.27 7.750000 % 2,336.10
M-3 76110FKN2 2,870,200.00 2,850,922.55 7.750000 % 1,752.05
B-1 1,052,400.00 1,045,331.65 7.750000 % 642.41
B-2 478,400.00 475,186.86 7.750000 % 292.03
B-3 861,188.35 855,404.25 7.750000 % 525.69
- -------------------------------------------------------------------------------
191,342,550.62 176,874,804.41 2,835,667.80
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 436,933.75 2,909,609.09 0.00 0.00 67,458,313.37
A-2 131,109.51 131,109.51 0.00 0.00 20,984,000.00
A-3 68,728.78 68,728.78 0.00 0.00 11,000,000.00
A-4 24,992.28 24,992.28 0.00 0.00 4,000,000.00
A-5 112,985.94 112,985.94 0.00 0.00 17,500,000.00
A-6 105,696.53 105,696.53 0.00 0.00 17,500,000.00
A-7 159,318.94 512,558.28 0.00 0.00 19,777,473.32
A-8 0.00 116.81 0.00 0.00 148,824.48
A-9 115,220.46 115,220.46 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,947.70 47,035.73 0.00 0.00 6,647,932.14
M-2 24,542.46 26,878.56 0.00 0.00 3,798,960.17
M-3 18,406.53 20,158.58 0.00 0.00 2,849,170.50
B-1 6,749.02 7,391.43 0.00 0.00 1,044,689.24
B-2 3,067.97 3,360.00 0.00 0.00 474,894.83
B-3 5,522.78 6,048.47 0.00 0.00 854,878.56
- -------------------------------------------------------------------------------
1,256,222.65 4,091,890.45 0.00 0.00 174,039,136.61
===============================================================================
Run: 03/31/98 10:27:10
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-1 847.740829 29.975092 5.296744 35.271836 0.000000 817.765737
A-2 1000.000000 0.000000 6.248070 6.248070 0.000000 1000.000000
A-3 1000.000000 0.000000 6.248071 6.248071 0.000000 1000.000000
A-4 1000.000000 0.000000 6.248070 6.248070 0.000000 1000.000000
A-5 1000.000000 0.000000 6.456339 6.456339 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039802 6.039802 0.000000 1000.000000
A-7 918.162493 16.111258 7.266542 23.377800 0.000000 902.051235
A-8 953.149407 0.747525 0.000000 0.747525 0.000000 952.401882
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.283585 0.610427 6.412976 7.023403 0.000000 992.673158
M-2 993.283582 0.610426 6.412976 7.023402 0.000000 992.673157
M-3 993.283587 0.610428 6.412978 7.023406 0.000000 992.673159
B-1 993.283590 0.610424 6.412980 7.023404 0.000000 992.673166
B-2 993.283570 0.610431 6.412981 7.023412 0.000000 992.673140
B-3 993.283583 0.610424 6.412976 7.023400 0.000000 992.673159
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:27:10 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 36,543.33
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,006.11
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,073,796.41
(B) TWO MONTHLY PAYMENTS: 3 925,531.58
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 668,958.19
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 174,039,136.61
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,585
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 2,726,946.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.12740970 % 7.52817900 % 1.34441150 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.98827000 % 7.63969706 % 1.36549450 %
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 8.84954792
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.81
POOL TRADING FACTOR: 90.95683947
................................................................................
Run: 03/31/98 10:27:11 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 9,482,619.65 7.000000 % 1,145,631.81
A-2 76110FKV4 20,850,000.00 15,189,137.94 7.000000 % 1,655,510.33
A-3 76110FKW2 16,320,750.00 14,405,101.51 10.000000 % 560,228.43
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 23,510,792.22 7.500000 % 727,390.59
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 26,285.78 0.000000 % 21.33
A-12 76110FLF8 0.00 0.00 0.881462 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,600,821.64 7.500000 % 4,745.00
M-2 76110FLJ0 4,361,000.00 4,343,753.53 7.500000 % 2,711.70
M-3 76110FLK7 3,270,500.00 3,257,566.14 7.500000 % 2,033.62
B-1 1,199,000.00 1,194,258.30 7.500000 % 745.55
B-2 545,000.00 542,844.70 7.500000 % 338.88
B-3 981,461.72 977,580.35 7.500000 % 610.28
- -------------------------------------------------------------------------------
218,029,470.88 203,977,075.76 4,099,967.52
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 55,303.13 1,200,934.94 0.00 0.00 8,336,987.84
A-2 88,583.84 1,744,094.17 0.00 0.00 13,533,627.61
A-3 120,016.15 680,244.58 0.00 0.00 13,844,873.08
A-4 114,894.59 114,894.59 0.00 0.00 19,700,543.00
A-5 127,594.37 127,594.37 0.00 0.00 21,419,142.00
A-6 38,195.00 38,195.00 0.00 0.00 6,323,320.00
A-7 99,643.30 99,643.30 0.00 0.00 16,496,308.00
A-8 146,910.18 874,300.77 0.00 0.00 22,783,401.63
A-9 30,722.42 30,722.42 0.00 0.00 5,000,001.00
A-10 340,593.94 340,593.94 0.00 0.00 54,507,000.00
A-11 0.00 21.33 0.00 0.00 26,264.45
A-12 149,798.83 149,798.83 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,494.71 52,239.71 0.00 0.00 7,596,076.64
M-2 27,142.50 29,854.20 0.00 0.00 4,341,041.83
M-3 20,355.32 22,388.94 0.00 0.00 3,255,532.52
B-1 7,462.47 8,208.02 0.00 0.00 1,193,512.75
B-2 3,392.03 3,730.91 0.00 0.00 542,505.82
B-3 6,108.54 6,718.82 0.00 0.00 976,970.07
- -------------------------------------------------------------------------------
1,424,211.32 5,524,178.84 0.00 0.00 199,877,108.24
===============================================================================
Run: 03/31/98 10:27:11
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-1 707.663464 85.495549 4.127130 89.622679 0.000000 622.167915
A-2 728.495824 79.400975 4.248625 83.649600 0.000000 649.094849
A-3 882.624972 34.326145 7.353593 41.679738 0.000000 848.298827
A-4 1000.000000 0.000000 5.832052 5.832052 0.000000 1000.000000
A-5 1000.000000 0.000000 5.957025 5.957025 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040340 6.040340 0.000000 1000.000000
A-7 1000.000000 0.000000 6.040339 6.040339 0.000000 1000.000000
A-8 904.329551 27.978674 5.650818 33.629492 0.000000 876.350876
A-9 1000.000000 0.000000 6.144483 6.144483 0.000000 1000.000000
A-10 1000.000000 0.000000 6.248628 6.248628 0.000000 1000.000000
A-11 995.328136 0.807674 0.000000 0.807674 0.000000 994.520462
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.045294 0.621806 6.223917 6.845723 0.000000 995.423488
M-2 996.045295 0.621807 6.223917 6.845724 0.000000 995.423488
M-3 996.045296 0.621807 6.223917 6.845724 0.000000 995.423489
B-1 996.045288 0.621810 6.223912 6.845722 0.000000 995.423478
B-2 996.045321 0.621798 6.223908 6.845706 0.000000 995.423523
B-3 996.045317 0.621807 6.223921 6.845728 0.000000 995.423513
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:27:12 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 42,115.50
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,815.99
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 3,039,662.80
(B) TWO MONTHLY PAYMENTS: 1 96,565.95
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,562,482.17
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 199,877,108.25
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,770
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 3,972,625.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.21512370 % 7.45382800 % 1.33104820 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.04049840 % 7.60099599 % 1.35750670 %
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 8.70893794
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.13
POOL TRADING FACTOR: 91.67435367
................................................................................
Run: 03/31/98 10:27:21 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 43,221,278.19 6.750000 % 3,497,345.06
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 21,057,224.99 10.000000 % 635,880.90
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 0.994886 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,102,725.77 7.250000 % 5,203.50
M-2 76110FLX9 5,420,000.00 5,401,817.18 7.250000 % 3,469.00
M-3 76110FLY2 4,065,000.00 4,051,362.89 7.250000 % 2,601.75
B-1 1,490,500.00 1,485,499.72 7.250000 % 953.98
B-2 677,500.00 675,227.15 7.250000 % 433.63
B-3 1,219,925.82 1,215,833.26 7.250000 % 780.81
- -------------------------------------------------------------------------------
271,005,025.82 258,491,431.15 4,146,668.63
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 242,937.88 3,740,282.94 0.00 0.00 39,723,933.13
A-2 97,914.22 97,914.22 0.00 0.00 17,420,000.00
A-3 175,345.64 811,226.54 0.00 0.00 20,421,344.09
A-4 213,646.36 213,646.36 0.00 0.00 38,010,000.00
A-5 96,472.27 96,472.27 0.00 0.00 17,163,462.00
A-6 180,975.60 180,975.60 0.00 0.00 29,977,000.00
A-7 96,986.80 96,986.80 0.00 0.00 16,065,000.00
A-8 329,899.99 329,899.99 0.00 0.00 54,645,000.00
A-9 214,147.76 214,147.76 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,917.36 54,120.86 0.00 0.00 8,097,522.27
M-2 32,611.57 36,080.57 0.00 0.00 5,398,348.18
M-3 24,458.68 27,060.43 0.00 0.00 4,048,761.14
B-1 8,968.18 9,922.16 0.00 0.00 1,484,545.74
B-2 4,076.45 4,510.08 0.00 0.00 674,793.52
B-3 7,340.17 8,120.98 0.00 0.00 1,215,052.45
- -------------------------------------------------------------------------------
1,774,698.93 5,921,367.56 0.00 0.00 254,344,762.52
===============================================================================
Run: 03/31/98 10:27:21
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-1 804.116804 65.066885 4.519775 69.586660 0.000000 739.049919
A-2 1000.000000 0.000000 5.620793 5.620793 0.000000 1000.000000
A-3 916.665875 27.681251 7.633169 35.314420 0.000000 888.984625
A-4 1000.000000 0.000000 5.620793 5.620793 0.000000 1000.000000
A-5 1000.000000 0.000000 5.620793 5.620793 0.000000 1000.000000
A-6 1000.000000 0.000000 6.037148 6.037148 0.000000 1000.000000
A-7 1000.000000 0.000000 6.037149 6.037149 0.000000 1000.000000
A-8 1000.000000 0.000000 6.037149 6.037149 0.000000 1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.645236 0.640037 6.016895 6.656932 0.000000 996.005199
M-2 996.645236 0.640037 6.016895 6.656932 0.000000 996.005199
M-3 996.645237 0.640037 6.016895 6.656932 0.000000 996.005201
B-1 996.645233 0.640040 6.016894 6.656934 0.000000 996.005193
B-2 996.645240 0.640044 6.016900 6.656944 0.000000 996.005196
B-3 996.645239 0.640031 6.016899 6.656930 0.000000 996.005196
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:27:22 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 57,973.52
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,713.65
SUBSERVICER ADVANCES THIS MONTH 31,807.76
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 42 3,556,249.03
(B) TWO MONTHLY PAYMENTS: 3 157,586.27
(C) THREE OR MORE MONTHLY PAYMENTS: 1 101,835.91
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 385,735.48
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 254,344,762.52
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,373
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 3,980,667.57
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.90206580 % 6.79167800 % 1.30625610 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.77532770 % 6.89797243 % 1.32669990 %
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 8.59634059
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.06
POOL TRADING FACTOR: 93.85241538
................................................................................
Run: 03/31/98 10:27:23 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 199,969,492.00 190,312,877.68 7.250000 % 6,961,152.24
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 64,721,743.59 7.250000 % 80,584.73
A-5 7611OFMS9 76,250.57 75,997.60 0.000000 % 65.78
A-6 7611OFMT7 0.00 0.00 0.948746 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,570,199.74 7.250000 % 13,157.46
M-2 7611OFMW0 6,524,000.00 6,504,431.53 7.250000 % 8,096.52
M-3 7611OFMX8 4,893,000.00 4,878,323.64 7.250000 % 6,072.39
B-1 7611OFMY6 1,794,000.00 1,788,618.97 7.250000 % 2,226.42
B-2 7611OFMZ3 816,000.00 813,552.44 7.250000 % 1,012.68
B-3 7611OFNA7 1,468,094.11 1,463,690.64 7.250000 % 1,821.95
- -------------------------------------------------------------------------------
326,202,444.68 316,272,435.83 7,074,190.17
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,149,485.43 8,110,637.67 0.00 0.00 183,351,725.44
A-2 60,399.77 60,399.77 0.00 0.00 10,000,000.00
A-3 151,863.15 151,863.15 0.00 0.00 25,143,000.00
A-4 390,917.85 471,502.58 0.00 0.00 64,641,158.86
A-5 0.00 65.78 0.00 0.00 75,931.82
A-6 249,981.92 249,981.92 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,843.76 77,001.22 0.00 0.00 10,557,042.28
M-2 39,286.62 47,383.14 0.00 0.00 6,496,335.01
M-3 29,464.97 35,537.36 0.00 0.00 4,872,251.25
B-1 10,803.22 13,029.64 0.00 0.00 1,786,392.55
B-2 4,913.84 5,926.52 0.00 0.00 812,539.76
B-3 8,840.66 10,662.61 0.00 0.00 1,461,868.69
- -------------------------------------------------------------------------------
2,159,801.19 9,233,991.36 0.00 0.00 309,198,245.66
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 951.709562 34.811071 5.748304 40.559375 0.000000 916.898491
A-2 1000.000000 0.000000 6.039977 6.039977 0.000000 1000.000000
A-3 1000.000000 0.000000 6.039977 6.039977 0.000000 1000.000000
A-4 996.999771 1.241360 6.021856 7.263216 0.000000 995.758411
A-5 996.682385 0.862682 0.000000 0.862682 0.000000 995.819703
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.000541 1.241036 6.021860 7.262896 0.000000 995.759506
M-2 997.000541 1.241036 6.021861 7.262897 0.000000 995.759505
M-3 997.000540 1.241036 6.021862 7.262898 0.000000 995.759503
B-1 997.000541 1.241037 6.021862 7.262899 0.000000 995.759504
B-2 997.000539 1.241029 6.021863 7.262892 0.000000 995.759510
B-3 997.000553 1.241038 6.021862 7.262900 0.000000 995.759523
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:27:23 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 65,374.93
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,083.46
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 4,106,227.77
(B) TWO MONTHLY PAYMENTS: 11 1,713,475.36
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 792,003.95
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 309,198,245.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,727
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,680,536.52
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 192,254.69
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.77131240 % 6.94282200 % 1.28586590 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.59347990 % 7.09112320 % 1.31365510 %
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 8.52478257
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.11
POOL TRADING FACTOR: 94.78722514
................................................................................
Run: 03/31/98 10:27:24 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 95,575,269.58 7.000000 % 1,965,027.82
A-2 7611OFMD2 43,142.76 40,006.88 0.000000 % 228.97
A-3 7611OFME0 0.00 0.00 0.999254 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 3,006,615.56 7.000000 % 10,180.34
M-2 7611OFMH3 892,000.00 881,334.56 7.000000 % 2,984.18
M-3 7611OFMJ9 419,700.00 414,681.75 7.000000 % 1,404.10
B-1 7611OFMK6 367,000.00 362,611.87 7.000000 % 1,227.80
B-2 7611OFML4 262,400.00 259,262.54 7.000000 % 877.86
B-3 7611OFMM2 263,388.53 260,239.24 7.000000 % 881.17
- -------------------------------------------------------------------------------
104,940,731.29 100,800,021.98 1,982,812.24
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 557,075.86 2,522,103.68 0.00 0.00 93,610,241.76
A-2 0.00 228.97 0.00 0.00 39,777.91
A-3 83,870.15 83,870.15 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,524.54 27,704.88 0.00 0.00 2,996,435.22
M-2 5,137.00 8,121.18 0.00 0.00 878,350.38
M-3 2,417.04 3,821.14 0.00 0.00 413,277.65
B-1 2,113.55 3,341.35 0.00 0.00 361,384.07
B-2 1,511.15 2,389.01 0.00 0.00 258,384.68
B-3 1,516.84 2,398.01 0.00 0.00 259,358.07
- -------------------------------------------------------------------------------
671,166.13 2,653,978.37 0.00 0.00 98,817,209.74
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 959.109579 19.719296 5.590325 25.309621 0.000000 939.390284
A-2 927.313876 5.307264 0.000000 5.307264 0.000000 922.006613
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 988.043234 3.345495 5.758968 9.104463 0.000000 984.697739
M-2 988.043229 3.345493 5.758969 9.104462 0.000000 984.697735
M-3 988.043245 3.345485 5.758971 9.104456 0.000000 984.697760
B-1 988.043243 3.345504 5.758992 9.104496 0.000000 984.697738
B-2 988.043216 3.345503 5.758956 9.104459 0.000000 984.697713
B-3 988.043177 3.345476 5.758945 9.104421 0.000000 984.697663
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:27:25 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 20,889.83
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,853.39
SUBSERVICER ADVANCES THIS MONTH 9,676.08
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 11 983,184.47
(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 98,817,209.74
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,080
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 1,641,438.16
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 30,182.04
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.85436210 % 4.27017800 % 0.87546000 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.76885560 % 4.33938912 % 0.89000780 %
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 8.32674153
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 169.46
POOL TRADING FACTOR: 94.16478094
................................................................................
Run: 03/31/98 10:27:35 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 51,710,030.06 7.000000 % 2,749,177.14
A-2 76110FNC3 22,405,757.00 21,567,904.15 9.000000 % 392,739.59
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 59,207,689.31 7.250000 % 37,762.92
A-8 76110FNH2 0.00 0.00 0.900481 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,414,056.70 7.250000 % 6,642.13
M-2 76110FNL3 4,471,600.00 4,463,224.20 7.250000 % 2,846.66
M-3 76110FNM1 4,471,500.00 4,463,124.38 7.250000 % 2,846.60
B-1 76110FNN9 1,639,600.00 1,636,528.85 7.250000 % 1,043.79
B-2 76110FNP4 745,200.00 743,804.15 7.250000 % 474.40
B-3 76110FNQ2 1,341,561.05 1,339,048.16 7.250000 % 854.05
- -------------------------------------------------------------------------------
298,104,002.05 291,246,693.96 3,194,387.28
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 301,502.57 3,050,679.71 0.00 0.00 48,960,852.92
A-2 161,684.60 554,424.19 0.00 0.00 21,175,164.56
A-3 366,304.86 366,304.86 0.00 0.00 62,824,125.00
A-4 139,120.79 139,120.79 0.00 0.00 24,294,118.00
A-5 157,010.81 157,010.81 0.00 0.00 26,000,000.00
A-6 136,376.22 136,376.22 0.00 0.00 22,583,041.00
A-7 357,547.97 395,310.89 0.00 0.00 59,169,926.39
A-8 218,450.77 218,450.77 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,889.21 69,531.34 0.00 0.00 10,407,414.57
M-2 26,952.86 29,799.52 0.00 0.00 4,460,377.54
M-3 26,952.26 29,798.86 0.00 0.00 4,460,277.78
B-1 9,882.80 10,926.59 0.00 0.00 1,635,485.06
B-2 4,491.75 4,966.15 0.00 0.00 743,329.75
B-3 8,086.34 8,940.39 0.00 0.00 1,338,194.11
- -------------------------------------------------------------------------------
1,977,253.81 5,171,641.09 0.00 0.00 288,052,306.68
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 898.133392 47.749494 5.236692 52.986186 0.000000 850.383898
A-2 962.605466 17.528512 7.216208 24.744720 0.000000 945.076953
A-3 1000.000000 0.000000 5.830640 5.830640 0.000000 1000.000000
A-4 1000.000000 0.000000 5.726522 5.726522 0.000000 1000.000000
A-5 1000.000000 0.000000 6.038877 6.038877 0.000000 1000.000000
A-6 1000.000000 0.000000 6.038878 6.038878 0.000000 1000.000000
A-7 998.126889 0.636610 6.027566 6.664176 0.000000 997.490280
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.126888 0.636610 6.027566 6.664176 0.000000 997.490279
M-2 998.126890 0.636609 6.027565 6.664174 0.000000 997.490281
M-3 998.126888 0.636610 6.027566 6.664176 0.000000 997.490278
B-1 998.126891 0.636613 6.027568 6.664181 0.000000 997.490278
B-2 998.126879 0.636608 6.027576 6.664184 0.000000 997.490271
B-3 998.126891 0.636602 6.027560 6.664162 0.000000 997.490283
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:27:36 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 60,380.75
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,190.24
SUBSERVICER ADVANCES THIS MONTH 47,389.34
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 5,268,901.93
(B) TWO MONTHLY PAYMENTS: 6 457,073.67
(C) THREE OR MORE MONTHLY PAYMENTS: 2 247,300.75
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 396,000.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 288,052,306.68
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,578
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 3,008,628.87
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.08238690 % 6.64055800 % 1.27705520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.99968950 % 6.70991672 % 1.29039370 %
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 8.47978645
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.65
POOL TRADING FACTOR: 96.62812465
................................................................................
Run: 03/31/98 10:27:44 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 30,733,685.71 7.250000 % 454,109.48
A-2 76110FNT6 30,750,000.00 28,744,827.11 7.250000 % 1,189,796.18
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 62,918,721.08 7.250000 % 33,117.37
A-8 76110FNZ2 15,495,000.00 13,458,130.31 7.250000 % 1,208,603.90
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 98,176,382.87 0.000000 % 1,099,920.02
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 5.000000 % 0.00
A-14 76110FPF4 0.00 0.00 9.500000 % 0.00
A-15 76110FPG2 26,249,000.00 25,611,242.14 7.000000 % 378,422.16
A-16 76110FPH0 2,386,273.00 2,328,295.01 10.000000 % 34,402.02
A-17 76110FPJ6 139,012.74 138,754.13 0.000000 % 129.69
A-18 76110FPK3 0.00 0.00 0.857879 % 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 16,246,271.15 7.250000 % 8,551.25
M-2 76110FPP2 5,422,000.00 5,415,090.80 7.250000 % 2,850.24
M-3 76110FPQ0 6,507,000.00 6,498,708.20 7.250000 % 3,420.61
B-1 76110FPR8 2,386,000.00 2,382,959.54 7.250000 % 1,254.27
B-2 76110FPS6 1,085,000.00 1,083,617.40 7.250000 % 570.36
B-3 76110FPT4 1,952,210.06 1,949,722.40 7.250000 % 1,026.27
- -------------------------------------------------------------------------------
433,792,422.80 426,303,822.85 4,416,173.82
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 185,601.44 639,710.92 0.00 0.00 30,279,576.23
A-2 173,590.67 1,363,386.85 0.00 0.00 27,555,030.93
A-3 246,386.11 246,386.11 0.00 0.00 40,799,000.00
A-4 40,733.21 40,733.21 0.00 0.00 6,745,000.00
A-5 25,577.77 25,577.77 0.00 0.00 4,235,415.00
A-6 63,403.71 63,403.71 0.00 0.00 10,499,000.00
A-7 379,967.62 413,084.99 0.00 0.00 62,885,603.71
A-8 81,273.96 1,289,877.86 0.00 0.00 12,249,526.41
A-9 398,469.75 398,469.75 0.00 0.00 68,339,000.00
A-10 14,231.06 14,231.06 0.00 0.00 0.00
A-11 0.00 1,099,920.02 0.00 0.00 97,076,462.85
A-12 296,444.73 296,444.73 0.00 0.00 0.00
A-13 102,222.32 102,222.32 0.00 0.00 0.00
A-14 194,222.40 194,222.40 0.00 0.00 0.00
A-15 149,333.54 527,755.70 0.00 0.00 25,232,819.98
A-16 19,393.97 53,795.99 0.00 0.00 2,293,892.99
A-17 0.00 129.69 0.00 0.00 138,624.44
A-18 304,630.99 304,630.99 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 98,111.60 106,662.85 0.00 0.00 16,237,719.90
M-2 32,701.86 35,552.10 0.00 0.00 5,412,240.56
M-3 39,245.85 42,666.46 0.00 0.00 6,495,287.59
B-1 14,390.75 15,645.02 0.00 0.00 2,381,705.27
B-2 6,544.00 7,114.36 0.00 0.00 1,083,047.04
B-3 11,774.42 12,800.69 0.00 0.00 1,948,696.13
- -------------------------------------------------------------------------------
2,878,251.73 7,294,425.55 0.00 0.00 421,887,649.03
===============================================================================
Run: 03/31/98 10:27:44
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-1 975.703537 14.416632 5.892296 20.308928 0.000000 961.286905
A-2 934.791126 38.692559 5.645225 44.337784 0.000000 896.098567
A-3 1000.000000 0.000000 6.039023 6.039023 0.000000 1000.000000
A-4 1000.000000 0.000000 6.039023 6.039023 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039023 6.039023 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039024 6.039024 0.000000 1000.000000
A-7 998.725711 0.525681 6.031328 6.557009 0.000000 998.200030
A-8 868.546648 77.999606 5.245173 83.244779 0.000000 790.547042
A-9 1000.000000 0.000000 5.830781 5.830781 0.000000 1000.000000
A-11 981.387839 10.994988 0.000000 10.994988 0.000000 970.392852
A-15 975.703537 14.416632 5.689113 20.105745 0.000000 961.286905
A-16 975.703539 14.416632 8.127306 22.543938 0.000000 961.286907
A-17 998.139667 0.932936 0.000000 0.932936 0.000000 997.206731
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-1 998.725712 0.525681 6.031327 6.557008 0.000000 998.200031
M-2 998.725710 0.525681 6.031328 6.557009 0.000000 998.200030
M-3 998.725711 0.525682 6.031328 6.557010 0.000000 998.200029
B-1 998.725708 0.525679 6.031329 6.557008 0.000000 998.200029
B-2 998.725714 0.525677 6.031336 6.557013 0.000000 998.200037
B-3 998.725721 0.525681 6.031328 6.557009 0.000000 998.200026
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:27:45 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 88,454.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 77,429.41
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 80 9,136,620.30
(B) TWO MONTHLY PAYMENTS: 6 797,164.34
(C) THREE OR MORE MONTHLY PAYMENTS: 1 235,200.00
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 254,300.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 421,887,649.03
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,591
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 4,191,749.06
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.12127600 % 6.60778500 % 1.27093930 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.04297000 % 6.67126618 % 1.28357110 %
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 8.38552669
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.52
POOL TRADING FACTOR: 97.25565198
................................................................................
Run: 03/31/98 10:27:53 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 63,396,465.06 7.000000 % 1,867,040.11
A-2 76110FPV9 117,395,000.00 116,378,097.84 7.000000 % 2,042,523.68
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 1.085581 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,344,228.22 7.000000 % 7,200.97
M-2 76110FQD8 4,054,000.00 4,051,403.01 7.000000 % 2,571.71
M-3 76110FQE6 4,865,000.00 4,861,883.48 7.000000 % 3,086.18
B-1 76110FQF3 1,783,800.00 1,782,657.30 7.000000 % 1,131.58
B-2 76110FQG1 810,800.00 810,280.60 7.000000 % 514.34
B-3 76110FQH9 1,459,579.11 1,458,644.10 7.000000 % 925.90
- -------------------------------------------------------------------------------
324,327,779.11 322,365,659.61 3,924,994.47
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 369,622.92 2,236,663.03 0.00 0.00 61,529,424.95
A-2 678,523.83 2,721,047.51 0.00 0.00 114,335,574.16
A-3 299,562.85 299,562.85 0.00 0.00 51,380,000.00
A-4 10,856.10 10,856.10 0.00 0.00 1,862,000.00
A-5 379,205.29 379,205.29 0.00 0.00 65,040,000.00
A-6 291,478.72 291,478.72 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 66,140.70 73,341.67 0.00 0.00 11,337,027.25
M-2 23,621.05 26,192.76 0.00 0.00 4,048,831.30
M-3 28,346.43 31,432.61 0.00 0.00 4,858,797.30
B-1 10,393.49 11,525.07 0.00 0.00 1,781,525.72
B-2 4,724.21 5,238.55 0.00 0.00 809,766.26
B-3 8,504.39 9,430.29 0.00 0.00 1,457,718.20
- -------------------------------------------------------------------------------
2,170,979.98 6,095,974.45 0.00 0.00 318,440,665.14
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 985.549623 29.024657 5.746089 34.770746 0.000000 956.524966
A-2 991.337773 17.398728 5.779836 23.178564 0.000000 973.939045
A-3 1000.000000 0.000000 5.830340 5.830340 0.000000 1000.000000
A-4 1000.000000 0.000000 5.830344 5.830344 0.000000 1000.000000
A-5 1000.000000 0.000000 5.830340 5.830340 0.000000 1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.359399 0.634363 5.826604 6.460967 0.000000 998.725036
M-2 999.359401 0.634364 5.826603 6.460967 0.000000 998.725037
M-3 999.359400 0.634364 5.826604 6.460968 0.000000 998.725036
B-1 999.359401 0.634365 5.826601 6.460966 0.000000 998.725036
B-2 999.359398 0.634361 5.826603 6.460964 0.000000 998.725037
B-3 999.359398 0.634361 5.826604 6.460965 0.000000 998.725037
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:27:54 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 66,853.52
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,970.41
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 4,937,753.52
(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 318,440,665.14
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,664
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 3,720,366.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.45915440 % 6.28401800 % 1.25682800 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.37105410 % 6.35743423 % 1.27151170 %
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 8.36410557
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.63
POOL TRADING FACTOR: 98.18482586
................................................................................
Run: 03/31/98 10:28:00 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 20,000,000.00 6.750000 % 218,486.33
A-2 76110FQK2 158,282,400.00 158,282,400.00 6.500000 % 1,729,127.07
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 38,888,850.00 6.193750 % 340,255.32
A-5 76110FQN6 0.00 0.00 2.832020 % 0.00
A-6 76110FQP1 13,504,750.00 13,504,750.00 6.093750 % 119,337.24
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 138,732.69 0.000000 % 155.75
A-9 76110FQS5 0.00 0.00 0.987679 % 0.00
R-1 76110FQT3 100.00 100.00 7.000000 % 100.00
R-II 76110FQU0 100.00 100.00 7.000000 % 100.00
M-1 76110FQV8 17,350,800.00 17,350,800.00 7.000000 % 11,216.34
M-2 76110FQW6 5,422,000.00 5,422,000.00 7.000000 % 3,505.02
M-3 76110FQX4 5,422,000.00 5,422,000.00 7.000000 % 3,505.02
B-1 76110FQY2 2,385,700.00 2,385,700.00 7.000000 % 1,542.22
B-2 76110FQZ9 1,084,400.00 1,084,400.00 7.000000 % 701.00
B-3 76110FRA3 1,952,351.82 1,952,351.82 7.000000 % 1,262.10
- -------------------------------------------------------------------------------
433,770,084.51 433,770,084.51 2,429,293.41
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 112,483.21 330,969.54 0.00 0.00 19,781,513.67
A-2 857,235.03 2,586,362.10 0.00 0.00 156,553,272.93
A-3 464,465.67 464,465.67 0.00 0.00 82,584,000.00
A-4 200,693.22 540,948.54 0.00 0.00 38,548,594.68
A-5 123,631.31 123,631.31 0.00 0.00 0.00
A-6 68,568.57 187,905.81 0.00 0.00 13,385,412.76
A-7 505,988.89 505,988.89 0.00 0.00 86,753,900.00
A-8 0.00 155.75 0.00 0.00 138,576.94
A-9 356,968.19 356,968.19 0.00 0.00 0.00
R-1 0.58 100.58 0.00 0.00 0.00
R-II 0.58 100.58 0.00 0.00 0.00
M-1 101,197.89 112,414.23 0.00 0.00 17,339,583.66
M-2 31,623.61 35,128.63 0.00 0.00 5,418,494.98
M-3 31,623.61 35,128.63 0.00 0.00 5,418,494.98
B-1 13,914.50 15,456.72 0.00 0.00 2,384,157.78
B-2 6,324.73 7,025.73 0.00 0.00 1,083,699.00
B-3 11,387.02 12,649.12 0.00 0.00 1,951,089.72
- -------------------------------------------------------------------------------
2,886,106.61 5,315,400.02 0.00 0.00 431,340,791.10
===============================================================================
Run: 03/31/98 10:28:00
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 1000.000000 10.924317 5.624161 16.548478 0.000000 989.075683
A-2 1000.000000 10.924317 5.415858 16.340175 0.000000 989.075683
A-3 1000.000000 0.000000 5.624160 5.624160 0.000000 1000.000000
A-4 1000.000000 8.749431 5.160688 13.910119 0.000000 991.250569
A-6 1000.000000 8.836686 5.077367 13.914053 0.000000 991.163314
A-7 1000.000000 0.000000 5.832463 5.832463 0.000000 1000.000000
A-8 1000.000000 1.122663 0.000000 1.122663 0.000000 998.877337
R-1 1000.000000 ***.****** 5.800000 1005.800000 0.000000 0.000000
R-II 1000.000000 ***.****** 5.800000 1005.800000 0.000000 0.000000
M-1 1000.000000 0.646445 5.832462 6.478907 0.000000 999.353555
M-2 1000.000000 0.646444 5.832462 6.478906 0.000000 999.353556
M-3 1000.000000 0.646444 5.832462 6.478906 0.000000 999.353556
B-1 1000.000000 0.646443 5.832460 6.478903 0.000000 999.353557
B-2 1000.000000 0.646440 5.832470 6.478910 0.000000 999.353560
B-3 1000.000000 0.646446 5.832463 6.478909 0.000000 999.353549
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:28:01 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 90,182.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,257.76
SUBSERVICER ADVANCES THIS MONTH 19,556.59
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 2,609,452.23
(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 431,340,791.10
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,550
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 2,148,835.18
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.24750430 % 6.50202100 % 1.25047500 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.20887110 % 6.53232298 % 1.25670660 %
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 8.26456987
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.81
POOL TRADING FACTOR: 99.43995829
................................................................................
Run: 03/31/98 10:28:47 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 115,517,963.00 115,517,963.00 6.500000 % 628,942.14
A-2 76110FRC9 34,880,737.00 34,880,737.00 6.500000 % 1,572,619.35
A-3 76110FRD7 0.00 0.00 1.210100 % 0.00
R 76110FRE5 100.00 100.00 6.500000 % 100.00
M-1 76110FRF2 3,927,000.00 3,927,000.00 6.500000 % 11,756.00
M-2 76110FRG0 785,100.00 785,100.00 6.500000 % 2,350.30
M-3 76110FRH8 707,000.00 707,000.00 6.500000 % 2,116.50
B-1 76110FRJ4 471,200.00 471,200.00 6.500000 % 1,410.60
B-2 76110FRK1 314,000.00 314,000.00 6.500000 % 940.00
B-3 76110FRL9 471,435.62 471,435.62 6.500000 % 1,411.31
- -------------------------------------------------------------------------------
157,074,535.62 157,074,535.62 2,221,646.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 625,411.60 1,254,353.74 0.00 0.00 114,889,020.86
A-2 188,843.51 1,761,462.86 0.00 0.00 33,308,117.65
A-3 158,320.22 158,320.22 0.00 0.00 0.00
R 0.54 100.54 0.00 0.00 0.00
M-1 21,260.69 33,016.69 0.00 0.00 3,915,244.00
M-2 4,250.52 6,600.82 0.00 0.00 782,749.70
M-3 3,827.68 5,944.18 0.00 0.00 704,883.50
B-1 2,551.06 3,961.66 0.00 0.00 469,789.40
B-2 1,699.99 2,639.99 0.00 0.00 313,060.00
B-3 2,552.34 3,963.65 0.00 0.00 470,024.31
- -------------------------------------------------------------------------------
1,008,718.15 3,230,364.35 0.00 0.00 154,852,889.42
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 5.444540 5.413977 10.858517 0.000000 994.555460
A-2 1000.000000 45.085611 5.413977 50.499588 0.000000 954.914389
R 1000.000000 ***.****** 5.400000 1005.400000 0.000000 0.000000
M-1 1000.000000 2.993634 5.413978 8.407612 0.000000 997.006366
M-2 1000.000000 2.993631 5.413985 8.407616 0.000000 997.006369
M-3 1000.000000 2.993635 5.413975 8.407610 0.000000 997.006365
B-1 1000.000000 2.993633 5.413964 8.407597 0.000000 997.006367
B-2 1000.000000 2.993631 5.413981 8.407612 0.000000 997.006369
B-3 1000.000000 2.993643 5.413974 8.407617 0.000000 997.006357
_______________________________________________________________________________
DETERMINATION DATE 20-March-98
DISTRIBUTION DATE 25-March-98
Run: 03/31/98 10:28:48 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 32,687.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 900.60
SUBSERVICER ADVANCES THIS MONTH 7,781.55
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 7 821,379.57
(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 154,852,889.42
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,574
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 1,751,422.47
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.74995680 % 3.45001800 % 0.80002500 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.70188780 % 3.48903867 % 0.80907350 %
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 7.99425300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 174.68
POOL TRADING FACTOR: 98.58561021
................................................................................
