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)
December 25, 1997
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in
its charter)
33-95932 51-0368240
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the
required information for the December 1997 distribution
to holders of the following series of Conduit Mortgage
Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-QS1 RALI
1996-QS1 RALI
1996-QS2 RALI
1996-QS3 RALI
1996-QS4 RALI
1996-QS6 RALI
1996-QS5 RALI
1996-QS7 RALI
1996-QS8 RALI
1997-QS1 RALI
1997-QS2 RALI
1997-QS3 RALI
1997-QS3 RALI
1997-QS4 RALI
1997-QS5 RALI
1997-QS6 RALI
1997-QS7 RALI
1997-QS8 RALI
1997-QS9 RALI
1997-QS10 RALI
1997-QS11 RALI
1997-QS12 RALI
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) See Item 5.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the
registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly
authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
and Treasurer
Dated: December 25, 1997
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Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4180
______________________________________________________________________________
_
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
______________________________________________________________________________
_
A-1 76110FAA1 54,500,000.00 0.00 6.600000 % 0.00
A-2 76110FAB9 82,500,000.00 50,318,030.76 6.900000 % 4,040,120.13
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
- -------------------------------------------------------------------------------
258,459,514.42 174,103,166.39 4,040,120.13
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 0.00 0.00 0.00 0.00 0.00
A-2 289,328.68 4,329,448.81 0.00 0.00 46,277,910.63
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 241,309.42 241,309.42 0.00 0.00 2,326,135.63
- -------------------------------------------------------------------------------
1,286,048.52 5,326,168.65 0.00 0.00 170,063,046.26
=====================================================================
==========
______________________________________________________________________________
_
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-2 609.915524 48.971153 3.507014 52.478167 0.000000 560.944371
A-3 1000.000000 0.000000 6.083333 6.083333 0.000000 1000.000000
A-4 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:38:14 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4180
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
35,420.16
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
367.09
SUBSERVICER ADVANCES THIS MONTH 100,029.54
MASTER SERVICER ADVANCES THIS MONTH 9,114.35
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 72 7,163,754.91
(B) TWO MONTHLY PAYMENTS: 17 1,831,954.65
(C) THREE OR MORE MONTHLY PAYMENTS: 2 131,111.12
FORECLOSURES
NUMBER OF LOANS 24
AGGREGATE PRINCIPAL BALANCE 2,989,542.01
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 170,063,046.26
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,882
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
1,134,686.33
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
3,816,455.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
40,771.25
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.66393260 % 1.33606740 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.63219220 % 1.36780780 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE
9.33250272
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
302.44
POOL TRADING FACTOR: 65.79871770
................................................................................
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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 48,704,499.80 6.250000 % 3,240,087.55
A-I- 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
A-I- 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I- 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I- 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I- 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 15,241,287.66 6.090000 % 226,454.73
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 173,338,517.94 3,466,542.28
=====================================================================
==========
______________________________________________________________________________
_
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-2 253,669.27 3,493,756.82 0.00 0.00 45,464,412.25
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 77,349.53 303,804.26 0.00 0.00 15,014,832.93
R 280,423.25 280,423.25 6,872.87 0.00 2,026,594.48
- -------------------------------------------------------------------------------
1,229,832.30 4,696,374.58 6,872.87 0.00 169,871,975.66
=====================================================================
==========
______________________________________________________________________________
_
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- 724.920367 48.225636 3.775627 52.001263 0.000000 676.694732
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 518.852911 7.709106 2.633179 10.342285 0.000000 511.143806
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:36 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4194
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
36,762.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 115,055.01
MASTER SERVICER ADVANCES THIS MONTH 13,272.65
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 58 7,916,441.78
(B) TWO MONTHLY PAYMENTS: 9 1,618,402.07
(C) THREE OR MORE MONTHLY PAYMENTS: 6 1,148,126.07
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 3,745,090.56
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 169,871,975.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,443
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
1,630,403.74
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
2,820,816.77
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.83084590 % 1.16915420 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.80698720 % 1.19301280 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,144,493.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,144,493.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE
8.98341200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
312.95
POOL TRADING FACTOR: 66.37125063
................................................................................
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Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS2 (POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4201
______________________________________________________________________________
_
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
______________________________________________________________________________
_
A-1 76110FAS2 40,000,000.00 4,238,159.69 6.400000 % 1,914,037.34
A-2 76110FAT0 16,000,000.00 16,000,000.00 7.000000 % 0.00
A-3 76110FAU7 28,500,000.00 28,500,000.00 7.050000 % 0.00
A-4 76110FAV5 15,000,000.00 15,000,000.00 7.050000 % 0.00
A-5 76110FAW3 14,000,000.00 14,000,000.00 7.350000 % 0.00
A-6 76110FAX1 10,000,000.00 10,000,000.00 7.450000 % 0.00
A-7 76110FAY9 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-8 76110FAZ6 14,043,411.00 14,043,411.00 7.500000 % 0.00
A-9 76110FBA0 18,190,000.00 18,190,000.00 7.500000 % 0.00
A-10 76110FBB8 178,007.00 160,739.74 0.000000 % 130.68
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 147,951,424.61 1,914,168.02
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 22,603.52 1,936,640.86 0.00 0.00 2,324,122.35
A-2 93,333.33 93,333.33 0.00 0.00 16,000,000.00
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 0.00 130.68 0.00 0.00 160,609.06
R 153,446.20 153,446.20 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
1,031,321.03 2,945,489.05 0.00 0.00 146,037,256.59
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-1 105.953992 47.850934 0.565088 48.416022 0.000000 58.103059
A-2 1000.000000 0.000000 5.833333 5.833333 0.000000 1000.000000
A-3 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-4 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.125000 6.125000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.208333 6.208333 0.000000 1000.000000
A-7 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-8 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-9 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-10 902.996736 0.734128 0.000000 0.734128 0.000000 902.262608
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:38:47 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS2 (POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4201
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
30,698.50
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
2,368.50
SUBSERVICER ADVANCES THIS MONTH 93,213.08
MASTER SERVICER ADVANCES THIS MONTH 3,621.86
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 65 8,027,685.74
(B) TWO MONTHLY PAYMENTS: 5 813,677.90
(C) THREE OR MORE MONTHLY PAYMENTS: 2 103,360.92
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 2,908,020.59
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 146,037,256.59
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,395
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
467,055.05
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
1,774,296.57
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.77046530 % 1.22953480 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.75434930 % 1.24565070 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE
8.78195121
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
318.25
POOL TRADING FACTOR: 80.27932397
................................................................................
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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 6,045,875.24 6.780000 % 2,879,732.23
A-I- 76110FBD4 26,000,000.00 26,000,000.00 7.150000 % 0.00
A-I- 76110FBE2 10,596,000.00 10,596,000.00 7.290000 % 0.00
A-I- 76110FBF9 25,000,000.00 19,846,464.85 7.250000 % 403,182.67
A-I- 76110FBG7 18,587,000.00 18,587,000.00 7.460000 % 0.00
A-I- 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I- 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I- 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I- 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I- 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I- 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 17,575,548.19 7.750000 % 215,229.06
A-P 76110FBQ5 1,166,695.86 1,078,551.29 0.000000 % 11,912.64
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 12,327,033.30 7.750000 % 25,653.49
M-2 76110FBU6 5,568,000.00 5,478,462.80 7.750000 % 11,401.10
M-3 76110FBV4 4,176,000.00 4,108,847.11 7.750000 % 8,550.82
B-1 1,809,600.00 1,780,500.41 7.750000 % 3,705.36
B-2 696,000.00 684,807.85 7.750000 % 1,425.14
B-3 1,670,738.96 1,592,145.12 7.750000 % 3,313.37
SPRE 0.00 0.00 0.719599 % 0.00
A-V 7611OFHY2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 232,900,798.16 3,564,105.88
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-I-1 34,132.31 2,913,864.54 0.00 0.00 3,166,143.01
A-I-2 154,794.74 154,794.74 0.00 0.00 26,000,000.00
A-I-3 64,320.04 64,320.04 0.00 0.00 10,596,000.00
A-I-4 119,811.36 522,994.03 0.00 0.00 19,443,282.18
A-I-5 115,458.23 115,458.23 0.00 0.00 18,587,000.00
A-I-6 140,009.72 140,009.72 0.00 0.00 21,696,000.00
A-I-7 51,929.31 51,929.31 0.00 0.00 8,047,000.00
A-I-8 112,518.87 112,518.87 0.00 0.00 17,436,000.00
A-I-9 162,266.97 162,266.97 0.00 0.00 25,145,000.00
A-I-10 122,611.75 122,611.75 0.00 0.00 19,000,000.00
A-I-11 102,448.97 102,448.97 0.00 0.00 15,875,562.00
A-II 113,419.41 328,648.47 0.00 0.00 17,360,319.13
A-P 0.00 11,912.64 0.00 0.00 1,066,638.65
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 79,549.43 105,202.92 0.00 0.00 12,301,379.81
M-2 35,353.89 46,754.99 0.00 0.00 5,467,061.70
M-3 26,515.41 35,066.23 0.00 0.00 4,100,296.29
B-1 11,490.02 15,195.38 0.00 0.00 1,776,795.05
B-2 4,419.24 5,844.38 0.00 0.00 683,382.71
B-3 10,274.51 13,587.88 0.00 0.00 1,588,831.75
SPRED 139,552.63 139,552.63 0.00 0.00 0.00
A-V 34,682.78 34,682.78 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,635,559.59 5,199,665.47 0.00 0.00 229,336,692.28
=====================================================================
==========
Run: 12/26/97 13:40:40
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3
(POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-I- 141.077476 67.197112 0.796460 67.993572 0.000000 73.880364
A-I- 1000.000000 0.000000 5.953644 5.953644 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.070219 6.070219 0.000000 1000.000000
A-I- 793.858594 16.127307 4.792454 20.919761 0.000000 777.731287
A-I- 1000.000000 0.000000 6.211773 6.211773 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.453250 6.453250 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.453251 6.453251 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.453250 6.453250 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.453250 6.453250 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.453250 6.453250 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.453250 6.453250 0.000000 1000.000000
A-II 855.197976 10.472701 5.518807 15.991508 0.000000 844.725276
A-P 924.449402 10.210579 0.000000 10.210579 0.000000 914.238823
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 983.919328 2.047611 6.349478 8.397089 0.000000 981.871717
M-2 983.919325 2.047611 6.349477 8.397088 0.000000 981.871713
M-3 983.919327 2.047610 6.349476 8.397086 0.000000 981.871717
B-1 983.919325 2.047613 6.349481 8.397094 0.000000 981.871712
B-2 983.919325 2.047615 6.349483 8.397098 0.000000 981.871710
B-3 952.958636 1.983176 6.149680 8.132856 0.000000 950.975460
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:41 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
48,477.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
5,123.28
SUBSERVICER ADVANCES THIS MONTH 66,801.95
MASTER SERVICER ADVANCES THIS MONTH 1,823.41
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 64 6,952,385.50
(B) TWO MONTHLY PAYMENTS: 4 464,114.32
(C) THREE OR MORE MONTHLY PAYMENTS: 1 121,386.13
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 912,271.09
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 229,336,692.28
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,103
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
230,708.50
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
3,078,080.88
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
266,740.81
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.38546360 % 9.40930400 % 1.74213800 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 88.64601510 % 9.53564717 % 1.77378040 %
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
8.76381000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
319.17
POOL TRADING FACTOR: 82.37528447
................................................................................
Run: 12/26/97 13:40:43 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 11,528,718.99 6.850000 % 1,248,339.69
A-I- 76110FBX0 26,945,000.00 14,337,163.49 11.000000 % 457,720.93
A-I- 76110FBY8 15,646,000.00 15,646,000.00 7.300000 % 0.00
A-I- 76110FBZ5 32,740,000.00 32,740,000.00 7.500000 % 0.00
A-I- 76110FCA9 10,023,000.00 10,023,000.00 7.700000 % 0.00
A-I- 76110FCB7 26,811,000.00 26,811,000.00 8.000000 % 0.00
A-I- 76110FCC5 18,046,000.00 18,046,000.00 8.000000 % 0.00
A-I- 76110FCD3 9,094,000.00 9,094,000.00 8.000000 % 0.00
A-I- 76110FCE1 10,284,000.00 10,284,000.00 8.000000 % 0.00
A-I- 76110FCF8 27,538,000.00 27,538,000.00 7.900000 % 0.00
A-II 76110FCG6 16,021,000.00 12,585,676.87 7.250000 % 442,300.54
A-II 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,685,387.25 0.000000 % 10,476.51
A-V 76110FGN7 0.00 0.00 0.759451 % 0.00
R-I 76110FCK7 100.00 0.00 8.000000 % 0.00
R-II 76110FCL5 100.00 0.00 8.000000 % 0.00
M-1 76110FCM3 13,230,500.00 13,039,788.28 8.000000 % 17,430.65
M-2 76110FCN1 5,570,800.00 5,490,499.39 8.000000 % 7,339.30
M-3 76110FCP6 4,456,600.00 4,392,360.11 8.000000 % 5,871.39
B-1 76110FCR2 2,228,400.00 2,196,278.62 8.000000 % 2,935.83
B-2 76110FCS0 696,400.00 686,361.71 8.000000 % 917.48
B-3 76110FCT8 1,671,255.97 1,585,991.37 8.000000 % 2,072.35
STRI 0.00 0.00 0.118603 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 227,290,226.08 2,195,404.67
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-I-1 65,757.86 1,314,097.55 0.00 0.00 10,280,379.30
A-I-2 131,320.33 589,041.26 0.00 0.00 13,879,442.56
A-I-3 95,104.75 95,104.75 0.00 0.00 15,646,000.00
A-I-4 204,463.59 204,463.59 0.00 0.00 32,740,000.00
A-I-5 64,263.52 64,263.52 0.00 0.00 10,023,000.00
A-I-6 178,599.01 178,599.01 0.00 0.00 26,811,000.00
A-I-7 120,211.77 120,211.77 0.00 0.00 18,046,000.00
A-I-8 60,578.85 60,578.85 0.00 0.00 9,094,000.00
A-I-9 68,505.92 68,505.92 0.00 0.00 10,284,000.00
A-I-10 181,148.82 181,148.82 0.00 0.00 27,538,000.00
A-II-1 75,978.48 518,279.02 0.00 0.00 12,143,376.33
A-II-2 54,654.35 54,654.35 0.00 0.00 8,580,000.00
A-P 0.00 10,476.51 0.00 0.00 2,674,910.74
A-V 143,733.07 143,733.07 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 86,863.35 104,294.00 0.00 0.00 13,022,357.63
M-2 36,574.46 43,913.76 0.00 0.00 5,483,160.09
M-3 29,259.30 35,130.69 0.00 0.00 4,386,488.72
B-1 14,630.31 17,566.14 0.00 0.00 2,193,342.79
B-2 4,572.13 5,489.61 0.00 0.00 685,444.23
B-3 10,564.94 12,637.29 0.00 0.00 1,571,368.93
STRIP 13,132.71 13,132.71 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,639,917.52 3,835,322.19 0.00 0.00 225,082,271.32
=====================================================================
==========
Run: 12/26/97 13:40:43
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- 251.093762 27.188650 1.432196 28.620846 0.000000 223.905112
A-I- 532.089942 16.987231 4.873644 21.860875 0.000000 515.102711
A-I- 1000.000000 0.000000 6.078534 6.078534 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.245070 6.245070 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.411605 6.411605 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.661408 6.661408 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.661408 6.661408 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.661409 6.661409 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.661408 6.661408 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.578140 6.578140 0.000000 1000.000000
A-II 785.573739 27.607549 4.742431 32.349980 0.000000 757.966190
A-II 1000.000000 0.000000 6.369971 6.369971 0.000000 1000.000000
A-P 883.456273 3.446630 0.000000 3.446630 0.000000 880.009643
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 985.585449 1.317460 6.565387 7.882847 0.000000 984.267989
M-2 985.585444 1.317459 6.565387 7.882846 0.000000 984.267985
M-3 985.585449 1.317459 6.565386 7.882845 0.000000 984.267989
B-1 985.585451 1.317461 6.565388 7.882849 0.000000 984.267991
B-2 985.585454 1.317461 6.565379 7.882840 0.000000 984.267993
B-3 948.981723 1.239996 6.321557 7.561553 0.000000 940.232350
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:44 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
47,099.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
9,656.02
SUBSERVICER ADVANCES THIS MONTH 62,541.79
MASTER SERVICER ADVANCES THIS MONTH 5,959.68
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 5,391,729.01
(B) TWO MONTHLY PAYMENTS: 5 616,451.90
(C) THREE OR MORE MONTHLY PAYMENTS: 1 94,933.44
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,515,020.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 225,082,271.32
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,266
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 3
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
742,694.20
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
1,797,176.79
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.76728550 % 10.08518900 % 1.96604660 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.70626910 % 10.17050624 % 2.00090320 %
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
8.99187400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
310.31
POOL TRADING FACTOR: 80.80910109
................................................................................
Run: 12/26/97 13:40:46 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 12,134,117.21 9.500000 % 1,063,409.70
A-I- 76110FCV3 25,000,000.00 18,022,815.69 7.600000 % 633,402.74
A-I- 76110FCW1 12,373,000.00 1,424,528.05 6.650000 % 993,924.17
A-I- 76110FCX9 7,100,000.00 7,100,000.00 7.450000 % 0.00
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 8,654,743.74 8.000000 % 54,482.96
A-II 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 1,004,069.63 0.000000 % 44,864.83
A-V 76110FGP2 0.00 0.00 0.873847 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,826,911.20 8.000000 % 7,296.85
M-2 76110FDK6 3,958,800.00 3,913,010.83 8.000000 % 3,648.01
M-3 76110FDL4 2,815,100.00 2,782,539.35 8.000000 % 2,594.10
B-1 76110FDM2 1,407,600.00 1,391,319.09 8.000000 % 1,297.09
B-2 76110FDN0 439,800.00 434,713.09 8.000000 % 405.27
B-3 76110FDP5 1,055,748.52 1,043,537.22 8.000000 % 972.87
- -------------------------------------------------------------------------------
175,944,527.21 143,492,305.10 2,806,298.59
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-I-1 96,003.25 1,159,412.95 0.00 0.00 11,070,707.51
A-I-2 114,074.98 747,477.72 0.00 0.00 17,389,412.95
A-I-3 7,889.45 1,001,813.62 0.00 0.00 430,603.88
A-I-4 44,052.32 44,052.32 0.00 0.00 7,100,000.00
A-I-5 64,161.90 64,161.90 0.00 0.00 10,137,000.00
A-I-6 36,105.00 36,105.00 0.00 0.00 5,558,000.00
A-I-7 112,771.27 112,771.27 0.00 0.00 16,926,000.00
A-I-8 45,865.38 45,865.38 0.00 0.00 6,884,000.00
A-I-9 74,814.41 74,814.41 0.00 0.00 11,229,000.00
A-I-10 149,915.31 149,915.31 0.00 0.00 22,501,000.00
A-II-1 57,663.15 112,146.11 0.00 0.00 8,600,260.78
A-II-2 30,148.30 30,148.30 0.00 0.00 4,525,000.00
A-P 0.00 44,864.83 0.00 0.00 959,204.80
A-V 104,428.30 104,428.30 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 52,147.63 59,444.48 0.00 0.00 7,819,614.35
M-2 26,070.85 29,718.86 0.00 0.00 3,909,362.82
M-3 18,538.96 21,133.06 0.00 0.00 2,779,945.25
B-1 9,269.81 10,566.90 0.00 0.00 1,390,022.00
B-2 2,896.32 3,301.59 0.00 0.00 434,307.82
B-3 6,952.67 7,925.54 0.00 0.00 1,042,564.35
- -------------------------------------------------------------------------------
1,053,769.26 3,860,067.85 0.00 0.00 140,686,006.51
=====================================================================
==========
Run: 12/26/97 13:40:46
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- 508.810685 44.591148 4.025631 48.616779 0.000000 464.219537
A-I- 720.912628 25.336110 4.562999 29.899109 0.000000 695.576518
A-I- 115.131985 80.330087 0.637634 80.967721 0.000000 34.801898
A-I- 1000.000000 0.000000 6.204552 6.204552 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.329476 6.329476 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.496042 6.496042 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.662606 6.662606 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.662606 6.662606 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.662607 6.662607 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.662607 6.662607 0.000000 1000.000000
A-II 775.375716 4.881111 5.166023 10.047134 0.000000 770.494605
A-II 1000.000000 0.000000 6.662608 6.662608 0.000000 1000.000000
A-P 907.938311 40.569397 0.000000 40.569397 0.000000 867.368914
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 988.433567 0.921494 6.585544 7.507038 0.000000 987.512073
M-2 988.433573 0.921494 6.585544 7.507038 0.000000 987.512079
M-3 988.433573 0.921495 6.585542 7.507037 0.000000 987.512078
B-1 988.433568 0.921490 6.585543 7.507033 0.000000 987.512077
B-2 988.433583 0.921487 6.585539 7.507026 0.000000 987.512096
B-3 988.433514 0.921498 6.585536 7.507034 0.000000 987.512018
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:47 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS5 (POOL #
4222)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4222
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
29,521.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 63,110.77
MASTER SERVICER ADVANCES THIS MONTH 661.56
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 42 5,787,138.74
(B) TWO MONTHLY PAYMENTS: 7 612,307.32
(C) THREE OR MORE MONTHLY PAYMENTS: 1 26,290.27
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,178,354.08
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 140,686,006.51
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,397
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
76,940.43
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
2,669,475.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.17973040 % 10.12072500 % 1.99980720 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.56443550 % 10.31298192 % 2.05178540 %
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
9.14730500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
316.73
POOL TRADING FACTOR: 79.96043341
................................................................................
Run: 12/26/97 13:40:48 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 3,138,261.57 7.050000 % 1,934,462.60
A-I- 76110FDR1 43,322,483.00 27,202,985.45 6.087500 % 1,837,739.44
A-I- 76110FDS9 0.00 0.00 2.912500 % 0.00
A-I- 76110FDT7 13,330,948.00 13,330,948.00 7.125000 % 0.00
A-I- 76110FDU4 24,973,716.00 24,973,716.00 7.600000 % 0.00
A-I- 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I- 76110FDW0 1,000,000.00 1,000,000.00 7.700000 % 0.00
A-I- 76110FDX8 9,539,699.00 9,539,699.00 7.700000 % 0.00
A-I- 76110FDY6 22,526,000.00 22,526,000.00 8.000000 % 0.00
A-I- 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I- 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I- 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 17,976,660.73 8.000000 % 88,356.47
A-P 76110FED1 601,147.92 506,336.84 0.000000 % 935.14
A-V 76110FGQ0 0.00 0.00 0.818084 % 0.00
R-I 76110FEE9 100.00 0.00 8.000000 % 0.00
R-II 76110FEF6 100.00 0.00 8.000000 % 0.00
M-1 76110FEG4 9,114,600.00 9,023,870.72 8.000000 % 8,169.29
M-2 76110FEH2 5,126,400.00 5,075,370.38 8.000000 % 4,594.72
M-3 76110FEJ8 3,645,500.00 3,609,211.65 8.000000 % 3,267.41
B-1 1,822,700.00 1,804,556.33 8.000000 % 1,633.66
B-2 569,600.00 563,930.04 8.000000 % 510.52
B-3 1,366,716.75 1,353,112.07 8.000000 % 1,224.97
- -------------------------------------------------------------------------------
227,839,864.67 192,314,658.78 3,880,894.22
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-I-1 18,422.55 1,952,885.15 0.00 0.00 1,203,798.97
A-I-2 137,888.16 1,975,627.60 0.00 0.00 25,365,246.01
A-I-3 65,971.13 65,971.13 0.00 0.00 0.00
A-I-4 79,089.22 79,089.22 0.00 0.00 13,330,948.00
A-I-5 158,040.43 158,040.43 0.00 0.00 24,973,716.00
A-I-6 494.88 494.88 0.00 0.00 0.00
A-I-7 6,411.54 6,411.54 0.00 0.00 1,000,000.00
A-I-8 61,164.14 61,164.14 0.00 0.00 9,539,699.00
A-I-9 150,053.28 150,053.28 0.00 0.00 22,526,000.00
A-I-10 77,604.58 77,604.58 0.00 0.00 11,650,000.00
A-I-11 202,644.54 202,644.54 0.00 0.00 30,421,000.00
A-I-12 57,414.07 57,414.07 0.00 0.00 8,619,000.00
A-II 119,748.60 208,105.07 0.00 0.00 17,888,304.26
A-P 0.00 935.14 0.00 0.00 505,401.70
A-V 131,003.16 131,003.16 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 60,111.05 68,280.34 0.00 0.00 9,015,701.43
M-2 33,808.75 38,403.47 0.00 0.00 5,070,775.66
M-3 24,042.18 27,309.59 0.00 0.00 3,605,944.24
B-1 12,020.76 13,654.42 0.00 0.00 1,802,922.67
B-2 3,756.52 4,267.04 0.00 0.00 563,419.52
B-3 9,013.54 10,238.51 0.00 0.00 1,351,887.09
- -------------------------------------------------------------------------------
1,408,703.08 5,289,597.30 0.00 0.00 188,433,764.55
=====================================================================
==========
Run: 12/26/97 13:40:48
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- 156.084628 96.212463 0.916264 97.128727 0.000000 59.872165
A-I- 627.918429 42.419993 3.182831 45.602824 0.000000 585.498435
A-I- 1000.000000 0.000000 5.932753 5.932753 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.328270 6.328270 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.411540 6.411540 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.411538 6.411538 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.661337 6.661337 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.661337 6.661337 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.661337 6.661337 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.661338 6.661338 0.000000 1000.000000
A-II 894.183283 4.394970 5.956456 10.351426 0.000000 889.788314
A-P 842.283277 1.555587 0.000000 1.555587 0.000000 840.727690
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 990.045720 0.896286 6.595029 7.491315 0.000000 989.149434
M-2 990.045720 0.896286 6.595028 7.491314 0.000000 989.149434
M-3 990.045714 0.896286 6.595029 7.491315 0.000000 989.149428
B-1 990.045718 0.896286 6.595029 7.491315 0.000000 989.149432
B-2 990.045716 0.896278 6.595014 7.491292 0.000000 989.149438
B-3 990.045721 0.896287 6.595031 7.491318 0.000000 989.149425
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:49 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
39,731.08
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
182.61
SUBSERVICER ADVANCES THIS MONTH 55,160.49
MASTER SERVICER ADVANCES THIS MONTH 635.07
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,982,896.39
(B) TWO MONTHLY PAYMENTS: 11 1,434,241.93
(C) THREE OR MORE MONTHLY PAYMENTS: 5 424,678.44
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 831,167.94
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 188,433,764.55
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,848
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
79,467.50
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
3,701,735.33
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.59349140 % 9.20806200 % 1.93516110 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.60701480 % 9.38919910 % 1.97853550 %
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
9.12456000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
319.12
POOL TRADING FACTOR: 82.70447528
................................................................................
Run: 12/26/97 13:39:25 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8
(POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
______________________________________________________________________________
_
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
______________________________________________________________________________
_
A-1 76110FEK5 4,000,000.00 3,253,983.03 7.400000 % 119,652.10
A-2 76110FEL3 4,074,824.00 2,288,796.20 7.300000 % 286,457.27
A-3 76110FEM1 13,128,206.00 13,128,206.00 7.050000 % 0.00
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 10,500,000.00 7.400000 % 0.00
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 26,383,355.36 6.187500 % 833,408.89
A-8 76110FES8 0.00 0.00 2.812500 % 0.00
A-9 76110FET6 32,965,000.00 20,079,174.41 0.000000 % 2,066,730.64
A-10 76110FEU3 20,953,719.00 20,703,381.05 7.400000 % 40,151.20
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 115,824.70 110,556.90 0.000000 % 282.14
A-15 76110FGR8 0.00 0.00 0.899143 % 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 6,611,337.80 7.750000 % 4,347.59
M-2 76110FFC2 4,440,700.00 4,407,591.61 7.750000 % 2,898.41
M-3 76110FFD0 3,108,500.00 3,085,324.06 7.750000 % 2,028.90
B-1 1,509,500.00 1,498,245.68 7.750000 % 985.24
B-2 444,000.00 440,689.70 7.750000 % 289.80
B-3 1,154,562.90 1,132,811.07 7.750000 % 744.93
- -------------------------------------------------------------------------------
177,623,205.60 156,611,058.87 3,357,977.11
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 20,059.19 139,711.29 0.00 0.00 3,134,330.93
A-2 13,918.63 300,375.90 0.00 0.00 2,002,338.93
A-3 77,101.16 77,101.16 0.00 0.00 13,128,206.00
A-4 22,896.62 22,896.62 0.00 0.00 3,765,148.00
A-5 64,727.29 64,727.29 0.00 0.00 10,500,000.00
A-6 16,030.80 16,030.80 0.00 0.00 2,600,500.00
A-7 135,991.47 969,400.36 0.00 0.00 25,549,946.47
A-8 61,814.30 61,814.30 0.00 0.00 0.00
A-9 122,889.12 2,189,619.76 0.00 0.00 18,012,443.77
A-10 127,626.08 167,777.28 0.00 0.00 20,663,229.85
A-11 90,223.56 90,223.56 0.00 0.00 13,975,000.00
A-12 12,912.14 12,912.14 0.00 0.00 2,000,000.00
A-13 133,298.18 133,298.18 0.00 0.00 20,646,958.00
A-14 0.00 282.14 0.00 0.00 110,274.76
A-15 117,305.29 117,305.29 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 42,683.25 47,030.84 0.00 0.00 6,606,990.21
M-2 28,455.72 31,354.13 0.00 0.00 4,404,693.20
M-3 19,919.06 21,947.96 0.00 0.00 3,083,295.16
B-1 9,672.78 10,658.02 0.00 0.00 1,497,260.44
B-2 2,845.12 3,134.92 0.00 0.00 440,399.90
B-3 7,313.50 8,058.43 0.00 0.00 1,132,066.14
- -------------------------------------------------------------------------------
1,127,683.26 4,485,660.37 0.00 0.00 153,253,081.76
=====================================================================
==========
Run: 12/26/97 13:39:25
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-1 813.495758 29.913026 5.014798 34.927824 0.000000 783.582732
A-2 561.692039 70.299298 3.415762 73.715060 0.000000 491.392740
A-3 1000.000000 0.000000 5.872940 5.872940 0.000000 1000.000000
A-4 1000.000000 0.000000 6.081201 6.081201 0.000000 1000.000000
A-5 1000.000000 0.000000 6.164504 6.164504 0.000000 1000.000000
A-6 1000.000000 0.000000 6.164507 6.164507 0.000000 1000.000000
A-7 835.456633 26.390767 4.306313 30.697080 0.000000 809.065866
A-9 609.105852 62.694696 3.727867 66.422563 0.000000 546.411156
A-10 988.052815 1.916185 6.090856 8.007041 0.000000 986.136630
A-11 1000.000000 0.000000 6.456069 6.456069 0.000000 1000.000000
A-12 1000.000000 0.000000 6.456070 6.456070 0.000000 1000.000000
A-13 1000.000000 0.000000 6.456069 6.456069 0.000000 1000.000000
A-14 954.519200 2.435923 0.000000 2.435923 0.000000 952.083278
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-1 992.544333 0.652693 6.407934 7.060627 0.000000 991.891639
M-2 992.544331 0.652692 6.407936 7.060628 0.000000 991.891639
M-3 992.544333 0.652694 6.407933 7.060627 0.000000 991.891639
B-1 992.544339 0.652693 6.407936 7.060629 0.000000 991.891646
B-2 992.544369 0.652703 6.407928 7.060631 0.000000 991.891667
B-3 981.160117 0.645205 6.334432 6.979637 0.000000 980.514914
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:26 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
32,325.29
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 62,375.51
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 4,343,656.21
(B) TWO MONTHLY PAYMENTS: 6 424,737.25
(C) THREE OR MORE MONTHLY PAYMENTS: 21 1,999,077.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 1,034,927.41
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 153,253,081.76
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,456
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
3,254,932.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.02495540 % 9.01227400 % 1.96277100 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.79170010 % 9.19719095 % 2.00448620 %
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
8.97012118
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
339.38
POOL TRADING FACTOR: 86.27987612
................................................................................
Run: 12/26/97 13:39:34 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 16,851,869.05 6.750000 % 2,439,365.51
A-2 76110FFF5 10,146,000.00 6,285,733.78 6.750000 % 573,968.37
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 27,168,846.75 11.000000 % 645,714.38
A-7 76110FFL2 17,652,000.00 17,652,000.00 6.750000 % 0.00
A-8 76110FFM0 5,655,589.00 5,655,589.00 6.750000 % 0.00
A-9 76110FFN8 19,068,000.00 19,068,000.00 6.750000 % 0.00
A-10 76110FFP3 10,267,765.00 10,267,765.00 6.750000 % 0.00
A-11 76110FFQ1 47,506,000.00 47,506,000.00 7.500000 % 0.00
A-12 76110FFR9 212,947.62 210,582.68 0.000000 % 266.93
A-13 76110FFS7 0.00 0.00 0.960832 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,325,370.12 7.500000 % 6,095.04
M-2 76110FFW8 6,251,000.00 6,216,581.92 7.500000 % 4,063.14
M-3 76110FFW8 4,375,700.00 4,351,607.34 7.500000 % 2,844.20
B-1 1,624,900.00 1,615,953.28 7.500000 % 1,056.18
B-2 624,800.00 621,359.84 7.500000 % 406.12
B-3 1,500,282.64 1,492,022.07 7.500000 % 975.19
- -------------------------------------------------------------------------------
250,038,730.26 225,296,280.83 3,674,755.06
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 94,611.71 2,533,977.22 0.00 0.00 14,412,503.54
A-2 35,290.09 609,258.46 0.00 0.00 5,711,765.41
A-3 139,324.86 139,324.86 0.00 0.00 24,816,000.00
A-4 89,480.96 89,480.96 0.00 0.00 15,938,000.00
A-5 57,563.58 57,563.58 0.00 0.00 10,253,000.00
A-6 248,574.71 894,289.09 0.00 0.00 26,523,132.37
A-7 99,103.90 99,103.90 0.00 0.00 17,652,000.00
A-8 31,752.26 31,752.26 0.00 0.00 5,655,589.00
A-9 107,053.77 107,053.77 0.00 0.00 19,068,000.00
A-10 57,646.48 57,646.48 0.00 0.00 10,267,765.00
A-11 296,348.54 296,348.54 0.00 0.00 47,506,000.00
A-12 0.00 266.93 0.00 0.00 210,315.75
A-13 180,050.62 180,050.62 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 58,172.86 64,267.90 0.00 0.00 9,319,275.08
M-2 38,779.84 42,842.98 0.00 0.00 6,212,518.78
M-3 27,145.89 29,990.09 0.00 0.00 4,348,763.14
B-1 10,080.53 11,136.71 0.00 0.00 1,614,897.10
B-2 3,876.12 4,282.24 0.00 0.00 620,953.72
B-3 9,307.43 10,282.62 0.00 0.00 1,491,046.88
- -------------------------------------------------------------------------------
1,584,164.15 5,258,919.21 0.00 0.00 221,621,525.77
=====================================================================
==========
Run: 12/26/97 13:39:34
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-1 506.701216 73.346729 2.844781 76.191510 0.000000 433.354487
A-2 619.528265 56.570902 3.478227 60.049129 0.000000 562.957364
A-3 1000.000000 0.000000 5.614316 5.614316 0.000000 1000.000000
A-4 1000.000000 0.000000 5.614315 5.614315 0.000000 1000.000000
A-5 1000.000000 0.000000 5.614316 5.614316 0.000000 1000.000000
A-6 862.184310 20.491293 7.888344 28.379637 0.000000 841.693016
A-7 1000.000000 0.000000 5.614316 5.614316 0.000000 1000.000000
A-8 1000.000000 0.000000 5.614315 5.614315 0.000000 1000.000000
A-9 1000.000000 0.000000 5.614316 5.614316 0.000000 1000.000000
A-10 1000.000000 0.000000 5.614316 5.614316 0.000000 1000.000000
A-11 1000.000000 0.000000 6.238129 6.238129 0.000000 1000.000000
A-12 988.894264 1.253501 0.000000 1.253501 0.000000 987.640764
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.493987 0.649999 6.203782 6.853781 0.000000 993.843989
M-2 994.493988 0.649998 6.203782 6.853780 0.000000 993.843990
M-3 994.493987 0.649999 6.203782 6.853781 0.000000 993.843988
B-1 994.493987 0.649997 6.203785 6.853782 0.000000 993.843990
B-2 994.493982 0.650000 6.203777 6.853777 0.000000 993.843982
B-3 994.493991 0.649998 6.203784 6.853782 0.000000 993.843987
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:34 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
46,950.47
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
6,623.61
SUBSERVICER ADVANCES THIS MONTH 43,902.93
MASTER SERVICER ADVANCES THIS MONTH 285.42
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 3,849,476.40
(B) TWO MONTHLY PAYMENTS: 7 877,419.59
(C) THREE OR MORE MONTHLY PAYMENTS: 2 192,762.46
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 732,235.86
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 221,621,525.77
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,078
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS
31,363.52
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION
3,527,423.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.50493310 % 8.83821600 % 1.65685120 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.33773290 % 8.97049911 % 1.68324710 %
BANKRUPTCY AMOUNT AVAILABLE 182,005.00
FRAUD AMOUNT AVAILABLE 5,000,775.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,500,387.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE
8.78175978
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
344.06
POOL TRADING FACTOR: 88.63487890
................................................................................
Run: 12/26/97 13:39:38 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 26,078,804.77 9.000000 % 296,198.21
A-2 76110FFZ1 37,000,000.00 26,154,682.90 7.250000 % 638,670.67
A-3 76110FGA5 5,200,000.00 5,200,000.00 7.250000 % 0.00
A-4 76110FGB3 18,200,000.00 18,200,000.00 7.250000 % 0.00
A-5 76110FGC1 10,000,000.00 8,270,903.25 7.250000 % 101,824.91
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 130,561.76 127,856.84 0.000000 % 108.75
A-10 76110FGH0 0.00 0.00 0.731348 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,908,306.48 7.750000 % 3,139.73
M-2 76110FGL1 4,109,600.00 4,090,189.04 7.750000 % 2,616.40
M-3 76110FGM9 2,630,200.00 2,617,776.72 7.750000 % 1,674.53
B-1 1,068,500.00 1,063,453.13 7.750000 % 680.27
B-2 410,900.00 408,959.19 7.750000 % 261.60
B-3 821,738.81 817,857.48 7.750000 % 523.14
- -------------------------------------------------------------------------------
164,383,983.57 146,711,002.80 1,045,698.21
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 195,539.30 491,737.51 0.00 0.00 25,782,606.56
A-2 157,976.08 796,646.75 0.00 0.00 25,516,012.23
A-3 31,408.36 31,408.36 0.00 0.00 5,200,000.00
A-4 109,929.24 109,929.24 0.00 0.00 18,200,000.00
A-5 49,956.82 151,781.73 0.00 0.00 8,169,078.34
A-6 44,523.94 44,523.94 0.00 0.00 7,371,430.00
A-7 67,153.95 67,153.95 0.00 0.00 10,400,783.00
A-8 200,155.37 200,155.37 0.00 0.00 31,000,000.00
A-9 0.00 108.75 0.00 0.00 127,748.09
A-10 89,390.36 89,390.36 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,691.10 34,830.83 0.00 0.00 4,905,166.75
M-2 26,408.81 29,025.21 0.00 0.00 4,087,572.64
M-3 16,902.00 18,576.53 0.00 0.00 2,616,102.19
B-1 6,866.31 7,546.58 0.00 0.00 1,062,772.86
B-2 2,640.49 2,902.09 0.00 0.00 408,697.59
B-3 5,280.60 5,803.74 0.00 0.00 817,334.34
- -------------------------------------------------------------------------------
1,035,822.73 2,081,520.94 0.00 0.00 145,665,304.59
=====================================================================
==========
Run: 12/26/97 13:39:38
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-1 838.315769 9.521434 6.285705 15.807139 0.000000 828.794334
A-2 706.883322 17.261369 4.269624 21.530993 0.000000 689.621952
A-3 1000.000000 0.000000 6.040069 6.040069 0.000000 1000.000000
A-4 1000.000000 0.000000 6.040068 6.040068 0.000000 1000.000000
A-5 827.090325 10.182491 4.995682 15.178173 0.000000 816.907834
A-6 1000.000000 0.000000 6.040068 6.040068 0.000000 1000.000000
A-7 1000.000000 0.000000 6.456624 6.456624 0.000000 1000.000000
A-8 1000.000000 0.000000 6.456625 6.456625 0.000000 1000.000000
A-9 979.282448 0.832939 0.000000 0.832939 0.000000 978.449509
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.276681 0.636655 6.426129 7.062784 0.000000 994.640026
M-2 995.276679 0.636656 6.426127 7.062783 0.000000 994.640023
M-3 995.276679 0.636655 6.426127 7.062782 0.000000 994.640024
B-1 995.276678 0.636659 6.426121 7.062780 0.000000 994.640019
B-2 995.276685 0.636651 6.426113 7.062764 0.000000 994.640034
B-3 995.276687 0.636650 6.426129 7.062779 0.000000 994.640061
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:39 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS2 (POOL #
4240)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4240
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
30,627.10
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
7,372.14
SUBSERVICER ADVANCES THIS MONTH 43,790.40
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 4,306,370.93
(B) TWO MONTHLY PAYMENTS: 5 954,091.66
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 381,761.39
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 145,665,304.59
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,389
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
951,831.99
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.51286430 % 7.92469800 % 1.56243730 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.45081780 % 7.96953098 % 1.57265580 %
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
8.80315309
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
345.64
POOL TRADING FACTOR: 88.61283285
................................................................................
Run: 12/26/97 13:39:41 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS3
(POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
______________________________________________________________________________
_
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
______________________________________________________________________________
_
A-1 76110FGS6 32,109,000.00 23,534,993.35 7.250000 % 1,747,049.49
A-2 76110FGT4 26,579,000.00 26,579,000.00 7.500000 % 0.00
A-3 76110FGU1 16,821,000.00 16,821,000.00 7.500000 % 0.00
A-4 76110FGV9 23,490,000.00 23,490,000.00 7.750000 % 0.00
A-5 76110FGW7 7,138,000.00 7,138,000.00 7.750000 % 0.00
A-6 76110FGX5 1,000,000.00 1,000,000.00 7.750000 % 0.00
A-7 76110FGY3 15,374,000.00 12,924,283.82 9.500000 % 499,157.00
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 105,582.23 0.000000 % 111.07
A-10 76110FHB2 0.00 0.00 0.737554 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,324,299.28 7.750000 % 7,026.85
M-2 76110FHE6 4,112,900.00 4,095,668.45 7.750000 % 5,405.34
M-3 76110FHF3 2,632,200.00 2,621,172.04 7.750000 % 3,459.35
B-1 1,069,400.00 1,064,919.61 7.750000 % 1,405.45
B-2 411,200.00 409,477.23 7.750000 % 540.42
B-3 823,585.68 820,135.11 7.750000 % 1,082.38
- -------------------------------------------------------------------------------
164,514,437.18 153,428,531.12 2,265,237.35
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 142,088.95 1,889,138.44 0.00 0.00 21,787,943.86
A-2 166,000.02 166,000.02 0.00 0.00 26,579,000.00
A-3 105,056.11 105,056.11 0.00 0.00 16,821,000.00
A-4 151,597.82 151,597.82 0.00 0.00 23,490,000.00
A-5 46,066.63 46,066.63 0.00 0.00 7,138,000.00
A-6 6,453.71 6,453.71 0.00 0.00 1,000,000.00
A-7 102,244.12 601,401.12 0.00 0.00 12,425,126.82
A-8 177,477.23 177,477.23 0.00 0.00 27,500,000.00
A-9 0.00 111.07 0.00 0.00 105,471.16
A-10 94,234.08 94,234.08 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 34,361.52 41,388.37 0.00 0.00 5,317,272.43
M-2 26,432.28 31,837.62 0.00 0.00 4,090,263.11
M-3 16,916.30 20,375.65 0.00 0.00 2,617,712.69
B-1 6,872.69 8,278.14 0.00 0.00 1,063,514.16
B-2 2,642.65 3,183.07 0.00 0.00 408,936.81
B-3 5,292.92 6,375.30 0.00 0.00 819,052.73
- -------------------------------------------------------------------------------
1,083,737.03 3,348,974.38 0.00 0.00 151,163,293.77
=====================================================================
==========
Run: 12/26/97 13:39:41
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS3
(POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-1 732.971857 54.409963 4.425206 58.835169 0.000000 678.561894
A-2 1000.000000 0.000000 6.245533 6.245533 0.000000 1000.000000
A-3 1000.000000 0.000000 6.245533 6.245533 0.000000 1000.000000
A-4 1000.000000 0.000000 6.453717 6.453717 0.000000 1000.000000
A-5 1000.000000 0.000000 6.453717 6.453717 0.000000 1000.000000
A-6 1000.000000 0.000000 6.453710 6.453710 0.000000 1000.000000
A-7 840.658503 32.467607 6.650457 39.118064 0.000000 808.190895
A-8 1000.000000 0.000000 6.453717 6.453717 0.000000 1000.000000
A-9 983.518908 1.034639 0.000000 1.034639 0.000000 982.484269
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.810365 1.314241 6.426678 7.740919 0.000000 994.496125
M-2 995.810365 1.314241 6.426677 7.740918 0.000000 994.496124
M-3 995.810364 1.314243 6.426677 7.740920 0.000000 994.496121
B-1 995.810370 1.314242 6.426679 7.740921 0.000000 994.496129
B-2 995.810384 1.314251 6.426678 7.740929 0.000000 994.496133
B-3 995.810308 1.314241 6.426678 7.740919 0.000000 994.496076
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:42 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS3 (POOL #
4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
31,762.27
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
5,371.11
SUBSERVICER ADVANCES THIS MONTH 42,666.05
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 4,378,568.81
(B) TWO MONTHLY PAYMENTS: 2 343,359.86
(C) THREE OR MORE MONTHLY PAYMENTS: 1 84,097.38
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 709,390.20
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 151,163,293.77
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,405
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
2,062,806.74
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION
106,020.50
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.65001570 % 7.85344900 % 1.49653520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.52233660 % 7.95513774 % 1.51697120 %
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
8.80747164
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
347.90
POOL TRADING FACTOR: 91.88451565
................................................................................
Run: 12/26/97 13:39:46 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS4
(POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
______________________________________________________________________________
_
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
______________________________________________________________________________
_
A-1 76110FHK2 43,231,010.00 33,276,664.98 7.250000 % 2,218,304.22
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 22,286,167.58 10.000000 % 492,956.44
A-5 76110FHP1 17,675,100.00 17,675,100.00 7.500000 % 0.00
A-6 76110FHQ9 7,150,100.00 7,150,100.00 7.750000 % 0.00
A-7 76110FHR7 52,000,000.00 52,000,000.00 7.750000 % 0.00
A-8 76110FHS5 155,284.33 154,514.61 0.000000 % 129.61
A-9 76110FHT3 0.00 0.00 0.745000 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,160,999.89 7.750000 % 4,452.20
M-2 76110FHW6 4,975,300.00 4,957,576.98 7.750000 % 3,082.27
M-3 76110FHX4 3,316,900.00 3,305,084.53 7.750000 % 2,054.87
B-1 1,216,200.00 1,211,867.65 7.750000 % 753.45
B-2 552,900.00 550,930.46 7.750000 % 342.53
B-3 995,114.30 991,569.51 7.750000 % 616.48
- -------------------------------------------------------------------------------
221,126,398.63 208,894,122.19 2,722,692.07
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 200,951.53 2,419,255.75 0.00 0.00 31,058,360.76
A-2 216,038.51 216,038.51 0.00 0.00 35,775,000.00
A-3 135,260.61 135,260.61 0.00 0.00 22,398,546.00
A-4 185,630.31 678,586.75 0.00 0.00 21,793,211.14
A-5 110,417.19 110,417.19 0.00 0.00 17,675,100.00
A-6 46,155.91 46,155.91 0.00 0.00 7,150,100.00
A-7 335,674.66 335,674.66 0.00 0.00 52,000,000.00
A-8 0.00 129.61 0.00 0.00 154,385.00
A-9 129,627.20 129,627.20 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,226.27 50,678.47 0.00 0.00 7,156,547.69
M-2 32,002.55 35,084.82 0.00 0.00 4,954,494.71
M-3 21,335.26 23,390.13 0.00 0.00 3,303,029.66
B-1 7,822.95 8,576.40 0.00 0.00 1,211,114.20
B-2 3,556.41 3,898.94 0.00 0.00 550,587.93
B-3 6,400.86 7,017.34 0.00 0.00 990,953.03
- -------------------------------------------------------------------------------
1,477,100.22 4,199,792.29 0.00 0.00 206,171,430.12
=====================================================================
==========
Run: 12/26/97 13:39:46
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS4
(POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-1 769.740632 51.312801 4.648319 55.961120 0.000000 718.427831
A-2 1000.000000 0.000000 6.038812 6.038812 0.000000 1000.000000
A-3 1000.000000 0.000000 6.038812 6.038812 0.000000 1000.000000
A-4 909.704695 20.122113 7.577290 27.699403 0.000000 889.582582
A-5 1000.000000 0.000000 6.247048 6.247048 0.000000 1000.000000
A-6 1000.000000 0.000000 6.455282 6.455282 0.000000 1000.000000
A-7 1000.000000 0.000000 6.455282 6.455282 0.000000 1000.000000
A-8 995.043157 0.834662 0.000000 0.834662 0.000000 994.208495
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.437800 0.619514 6.432286 7.051800 0.000000 995.818285
M-2 996.437799 0.619514 6.432285 7.051799 0.000000 995.818284
M-3 996.437797 0.619515 6.432289 7.051804 0.000000 995.818282
B-1 996.437798 0.619512 6.432289 7.051801 0.000000 995.818287
B-2 996.437801 0.619515 6.432284 7.051799 0.000000 995.818285
B-3 996.437806 0.619517 6.432286 7.051803 0.000000 995.818296
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:46 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS4 (POOL #
4247)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4247
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
43,335.19
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
5,595.05
SUBSERVICER ADVANCES THIS MONTH 33,814.94
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 2,630,831.64
(B) TWO MONTHLY PAYMENTS: 3 256,201.37
(C) THREE OR MORE MONTHLY PAYMENTS: 2 947,943.64
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 519,085.21
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 206,171,430.12
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,876
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
2,592,794.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.29152860 % 7.38894800 % 1.31952320 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.18193000 % 7.47633756 % 1.33612980 %
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
8.81637576
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
348.69
POOL TRADING FACTOR: 93.23691400
................................................................................
Run: 12/26/97 13:39:47 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 25,783,013.62 7.250000 % 1,570,367.05
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 27,138,039.13 10.000000 % 588,887.64
A-4 76110FJC8 24,000,000.00 24,000,000.00 7.250000 % 0.00
A-5 76110FJD6 11,785,091.00 11,785,091.00 7.250000 % 0.00
A-6 76110FJE4 18,143,000.00 18,143,000.00 8.000000 % 0.00
A-7 76110FJF1 4,767,000.00 4,767,000.00 8.000000 % 0.00
A-8 76110FJG9 0.00 0.00 0.750000 % 0.00
A-9 76110FJH7 42,917,000.00 42,917,000.00 7.250000 % 0.00
A-10 76110FJJ3 340,158.57 337,831.32 0.000000 % 350.47
A-11 76110FJK0 0.00 0.00 0.634135 % 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 6,706,265.72 8.000000 % 4,040.03
M-2 76110FJP9 4,330,000.00 4,314,729.66 8.000000 % 2,599.31
M-3 76110FJQ7 2,886,000.00 2,875,822.14 8.000000 % 1,732.47
B-1 1,058,000.00 1,054,268.82 8.000000 % 635.12
B-2 481,000.00 479,303.69 8.000000 % 288.75
B-3 866,066.26 863,011.95 8.000000 % 519.90
- -------------------------------------------------------------------------------
192,360,424.83 181,964,377.05 2,169,420.74
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 155,711.49 1,726,078.54 0.00 0.00 24,212,646.57
A-2 65,224.50 65,224.50 0.00 0.00 10,800,000.00
A-3 226,061.95 814,949.59 0.00 0.00 26,549,151.49
A-4 144,943.33 144,943.33 0.00 0.00 24,000,000.00
A-5 71,173.76 71,173.76 0.00 0.00 11,785,091.00
A-6 120,906.06 120,906.06 0.00 0.00 18,143,000.00
A-7 31,767.58 31,767.58 0.00 0.00 4,767,000.00
A-8 26,812.65 26,812.65 0.00 0.00 0.00
A-9 259,188.87 259,188.87 0.00 0.00 42,917,000.00
A-10 0.00 350.47 0.00 0.00 337,480.85
A-11 96,120.80 96,120.80 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 44,690.97 48,731.00 0.00 0.00 6,702,225.69
M-2 28,753.62 31,352.93 0.00 0.00 4,312,130.35
M-3 19,164.66 20,897.13 0.00 0.00 2,874,089.67
B-1 7,025.71 7,660.83 0.00 0.00 1,053,633.70
B-2 3,194.11 3,482.86 0.00 0.00 479,014.94
B-3 5,751.16 6,271.06 0.00 0.00 862,492.05
- -------------------------------------------------------------------------------
1,306,491.22 3,475,911.96 0.00 0.00 179,794,956.31
=====================================================================
==========
Run: 12/26/97 13:39:47
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-1 774.264673 47.158170 4.676021 51.834191 0.000000 727.106504
A-2 1000.000000 0.000000 6.039306 6.039306 0.000000 1000.000000
A-3 905.902513 19.657824 7.546237 27.204061 0.000000 886.244689
A-4 1000.000000 0.000000 6.039305 6.039305 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039305 6.039305 0.000000 1000.000000
A-6 1000.000000 0.000000 6.664061 6.664061 0.000000 1000.000000
A-7 1000.000000 0.000000 6.664061 6.664061 0.000000 1000.000000
A-9 1000.000000 0.000000 6.039305 6.039305 0.000000 1000.000000
A-10 993.158338 1.030314 0.000000 1.030314 0.000000 992.128024
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.473361 0.600302 6.640560 7.240862 0.000000 995.873059
M-2 996.473363 0.600303 6.640559 7.240862 0.000000 995.873060
M-3 996.473368 0.600301 6.640561 7.240862 0.000000 995.873067
B-1 996.473365 0.600302 6.640558 7.240860 0.000000 995.873062
B-2 996.473368 0.600312 6.640561 7.240873 0.000000 995.873056
B-3 996.473353 0.600277 6.640554 7.240831 0.000000 995.873054
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:48 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS5 (POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4248
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
37,726.28
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
4,195.81
SUBSERVICER ADVANCES THIS MONTH 41,421.70
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 3,985,612.87
(B) TWO MONTHLY PAYMENTS: 8 740,947.06
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 572,538.75
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 179,794,956.31
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,679
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
2,059,725.59
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.02917370 % 7.65131400 % 1.31951220 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.92621450 % 7.72460251 % 1.33465640 %
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
8.94798805
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
350.14
POOL TRADING FACTOR: 93.46774757
................................................................................
Run: 12/26/97 13:39:49 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 39,232,075.01 7.500000 % 716,173.82
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 20,962,770.37 7.500000 % 65,401.65
A-6 76110FJW4 164,986.80 160,626.57 0.000000 % 560.38
A-7 76110FJX2 0.00 0.00 0.742989 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,615,197.40 7.500000 % 8,159.14
M-2 76110FKA0 1,061,700.00 1,046,019.85 7.500000 % 3,263.47
M-3 76110FKB8 690,100.00 679,907.97 7.500000 % 2,121.24
B-1 371,600.00 366,111.87 7.500000 % 1,142.23
B-2 159,300.00 156,947.30 7.500000 % 489.66
B-3 372,446.48 366,945.85 7.500000 % 1,144.84
- -------------------------------------------------------------------------------
106,172,633.28 102,061,602.19 798,456.43
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 245,022.05 961,195.87 0.00 0.00 38,515,901.19
A-2 97,947.43 97,947.43 0.00 0.00 15,683,000.00
A-3 117,077.25 117,077.25 0.00 0.00 18,746,000.00
A-4 12,778.20 12,778.20 0.00 0.00 2,046,000.00
A-5 130,921.98 196,323.63 0.00 0.00 20,897,368.72
A-6 0.00 560.38 0.00 0.00 160,066.19
A-7 63,146.19 63,146.19 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,333.09 24,492.23 0.00 0.00 2,607,038.26
M-2 6,532.86 9,796.33 0.00 0.00 1,042,756.38
M-3 4,246.33 6,367.57 0.00 0.00 677,786.73
B-1 2,286.54 3,428.77 0.00 0.00 364,969.64
B-2 980.21 1,469.87 0.00 0.00 156,457.64
B-3 2,291.74 3,436.58 0.00 0.00 365,801.01
- -------------------------------------------------------------------------------
699,563.87 1,498,020.30 0.00 0.00 101,263,145.76
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-1 913.521050 16.676147 5.705352 22.381499 0.000000 896.844903
A-2 1000.000000 0.000000 6.245452 6.245452 0.000000 1000.000000
A-3 1000.000000 0.000000 6.245452 6.245452 0.000000 1000.000000
A-4 1000.000000 0.000000 6.245455 6.245455 0.000000 1000.000000
A-5 985.231488 3.073819 6.153216 9.227035 0.000000 982.157669
A-6 973.572249 3.396514 0.000000 3.396514 0.000000 970.175735
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 985.231088 3.073817 6.153214 9.227031 0.000000 982.157271
M-2 985.231092 3.073816 6.153207 9.227023 0.000000 982.157276
M-3 985.231082 3.073815 6.153210 9.227025 0.000000 982.157267
B-1 985.231082 3.073816 6.153229 9.227045 0.000000 982.157266
B-2 985.231011 3.073823 6.153233 9.227056 0.000000 982.157188
B-3 985.231086 3.073811 6.153206 9.227017 0.000000 982.157248
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:49 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4249
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
21,267.58
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
5,333.02
SUBSERVICER ADVANCES THIS MONTH 13,495.67
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 16 1,286,994.29
(B) TWO MONTHLY PAYMENTS: 1 44,440.98
(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 101,263,145.76
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,252
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
479,986.06
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.86645720 % 4.26014100 % 0.87340190 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.84208620 % 4.27359958 % 0.87754820 %
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
8.56114420
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
167.58
POOL TRADING FACTOR: 95.37593882
................................................................................
Run: 12/26/97 13:39:56 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 77,511,964.66 7.500000 % 1,753,384.96
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 21,213,709.23 9.500000 % 250,483.57
A-8 76110FKP7 156,262.27 149,310.71 0.000000 % 123.35
A-9 76110FKQ5 0.00 0.00 0.782219 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,681,489.69 7.750000 % 3,971.34
M-2 76110FKM4 3,827,000.00 3,818,136.62 7.750000 % 2,269.42
M-3 76110FKN2 2,870,200.00 2,863,552.59 7.750000 % 1,702.04
B-1 1,052,400.00 1,049,962.64 7.750000 % 624.08
B-2 478,400.00 477,292.02 7.750000 % 283.69
B-3 861,188.35 859,193.82 7.750000 % 510.68
- -------------------------------------------------------------------------------
191,342,550.62 185,608,611.98 2,013,353.13
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 484,311.51 2,237,696.47 0.00 0.00 75,758,579.70
A-2 131,112.57 131,112.57 0.00 0.00 20,984,000.00
A-3 68,730.38 68,730.38 0.00 0.00 11,000,000.00
A-4 24,992.86 24,992.86 0.00 0.00 4,000,000.00
A-5 112,988.57 112,988.57 0.00 0.00 17,500,000.00
A-6 105,698.99 105,698.99 0.00 0.00 17,500,000.00
A-7 167,893.93 418,377.50 0.00 0.00 20,963,225.66
A-8 0.00 123.35 0.00 0.00 149,187.36
A-9 120,954.31 120,954.31 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 43,138.97 47,110.31 0.00 0.00 6,677,518.35
M-2 24,651.76 26,921.18 0.00 0.00 3,815,867.20
M-3 18,488.50 20,190.54 0.00 0.00 2,861,850.55
B-1 6,779.07 7,403.15 0.00 0.00 1,049,338.56
B-2 3,081.63 3,365.32 0.00 0.00 477,008.33
B-3 5,547.38 6,058.06 0.00 0.00 858,683.14
- -------------------------------------------------------------------------------
1,318,370.43 3,331,723.56 0.00 0.00 183,595,258.85
=====================================================================
==========
Run: 12/26/97 13:39:56
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-1 939.641472 21.255470 5.871083 27.126553 0.000000 918.386002
A-2 1000.000000 0.000000 6.248216 6.248216 0.000000 1000.000000
A-3 1000.000000 0.000000 6.248216 6.248216 0.000000 1000.000000
A-4 1000.000000 0.000000 6.248215 6.248215 0.000000 1000.000000
A-5 1000.000000 0.000000 6.456490 6.456490 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039942 6.039942 0.000000 1000.000000
A-7 967.558004 11.424564 7.657648 19.082212 0.000000 956.133440
A-8 955.513509 0.789378 0.000000 0.789378 0.000000 954.724131
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.683991 0.593003 6.441537 7.034540 0.000000 997.090989
M-2 997.683987 0.593002 6.441536 7.034538 0.000000 997.090985
M-3 997.683991 0.593004 6.441537 7.034541 0.000000 997.090987
B-1 997.683998 0.593006 6.441534 7.034540 0.000000 997.090992
B-2 997.683988 0.592997 6.441534 7.034531 0.000000 997.090991
B-3 997.683979 0.593006 6.441541 7.034547 0.000000 997.090985
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:57 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS7 (POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4255
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
38,477.41
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
4,259.45
SUBSERVICER ADVANCES THIS MONTH 42,197.09
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 4,166,193.09
(B) TWO MONTHLY PAYMENTS: 8 1,160,507.52
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 97,946.46
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 183,595,258.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,645
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
1,903,008.27
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.50777160 % 7.20545100 % 1.28677750 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.41967660 % 7.27428158 % 1.30012600 %
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
8.85255331
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
351.87
POOL TRADING FACTOR: 95.95108786
................................................................................
Run: 12/26/97 13:39:58 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS8
(POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
______________________________________________________________________________
_
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
______________________________________________________________________________
_
A-1 76110FKU6 13,399,900.00 12,279,093.10 7.000000 % 964,499.44
A-2 76110FKV4 20,850,000.00 19,230,218.73 7.000000 % 1,393,762.62
A-3 76110FKW2 16,320,750.00 15,772,612.36 10.000000 % 471,652.41
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 25,286,343.88 7.500000 % 612,385.07
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 26,347.92 0.000000 % 19.87
A-12 76110FLF8 0.00 0.00 0.888726 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,614,764.27 7.500000 % 4,607.48
M-2 76110FLJ0 4,361,000.00 4,351,721.53 7.500000 % 2,633.11
M-3 76110FLK7 3,270,500.00 3,263,541.68 7.500000 % 1,974.68
B-1 1,199,000.00 1,196,449.00 7.500000 % 723.94
B-2 545,000.00 543,840.46 7.500000 % 329.06
B-3 981,461.72 979,373.58 7.500000 % 592.58
- -------------------------------------------------------------------------------
218,029,470.88 213,990,620.51 3,453,180.26
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 71,542.46 1,036,041.90 0.00 0.00 11,314,593.66
A-2 112,042.26 1,505,804.88 0.00 0.00 17,836,456.11
A-3 131,281.40 602,933.81 0.00 0.00 15,300,959.95
A-4 114,782.53 114,782.53 0.00 0.00 19,700,543.00
A-5 127,469.91 127,469.91 0.00 0.00 21,419,142.00
A-6 38,157.75 38,157.75 0.00 0.00 6,323,320.00
A-7 99,546.12 99,546.12 0.00 0.00 16,496,308.00
A-8 157,850.83 770,235.90 0.00 0.00 24,673,958.81
A-9 30,692.46 30,692.46 0.00 0.00 5,000,001.00
A-10 340,261.74 340,261.74 0.00 0.00 54,507,000.00
A-11 0.00 19.87 0.00 0.00 26,328.05
A-12 158,293.10 158,293.10 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,535.42 52,142.90 0.00 0.00 7,610,156.79
M-2 27,165.77 29,798.88 0.00 0.00 4,349,088.42
M-3 20,372.77 22,347.45 0.00 0.00 3,261,567.00
B-1 7,468.88 8,192.82 0.00 0.00 1,195,725.06
B-2 3,394.94 3,724.00 0.00 0.00 543,511.40
B-3 6,113.77 6,706.35 0.00 0.00 978,781.00
- -------------------------------------------------------------------------------
1,493,972.11 4,947,152.37 0.00 0.00 210,537,440.25
=====================================================================
==========
Run: 12/26/97 13:39:58
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS8
(POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-1 916.357070 71.978107 5.339029 77.317136 0.000000 844.378963
A-2 922.312649 66.847128 5.373729 72.220857 0.000000 855.465521
A-3 966.414678 28.898942 8.043834 36.942776 0.000000 937.515736
A-4 1000.000000 0.000000 5.826364 5.826364 0.000000 1000.000000
A-5 1000.000000 0.000000 5.951215 5.951215 0.000000 1000.000000
A-6 1000.000000 0.000000 6.034449 6.034449 0.000000 1000.000000
A-7 1000.000000 0.000000 6.034448 6.034448 0.000000 1000.000000
A-8 972.625158 23.555051 6.071644 29.626695 0.000000 949.070107
A-9 1000.000000 0.000000 6.138491 6.138491 0.000000 1000.000000
A-10 1000.000000 0.000000 6.242533 6.242533 0.000000 1000.000000
A-11 997.681108 0.752390 0.000000 0.752390 0.000000 996.928717
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.872398 0.603785 6.229252 6.833037 0.000000 997.268614
M-2 997.872399 0.603786 6.229252 6.833038 0.000000 997.268613
M-3 997.872399 0.603785 6.229252 6.833037 0.000000 997.268613
B-1 997.872394 0.603786 6.229258 6.833044 0.000000 997.268607
B-2 997.872404 0.603780 6.229248 6.833028 0.000000 997.268624
B-3 997.872418 0.603783 6.229250 6.833033 0.000000 997.268647
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:39:58 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS8 (POOL #
4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
44,151.64
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
0.00
SUBSERVICER ADVANCES THIS MONTH 50,043.57
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 4,683,236.30
(B) TWO MONTHLY PAYMENTS: 4 769,634.07
(C) THREE OR MORE MONTHLY PAYMENTS: 1 377,422.80
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 683,211.40
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 210,537,440.25
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,834
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
3,323,696.64
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.61089360 % 7.11802400 % 1.27108280 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.47844050 % 7.22950378 % 1.29115150 %
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
8.71339735
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
352.94
POOL TRADING FACTOR: 96.56375324
................................................................................
Run: 12/26/97 13:40:06 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS9
(POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4263
______________________________________________________________________________
_
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
______________________________________________________________________________
_
A-1 76110FLL5 53,750,000.00 49,727,523.12 6.750000 % 3,170,282.41
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 22,240,178.58 10.000000 % 576,414.97
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 0.999363 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,120,109.44 7.250000 % 4,992.11
M-2 76110FLX9 5,420,000.00 5,413,406.29 7.250000 % 3,328.07
M-3 76110FLY2 4,065,000.00 4,060,054.72 7.250000 % 2,496.06
B-1 1,490,500.00 1,488,686.73 7.250000 % 915.22
B-2 677,500.00 676,675.79 7.250000 % 416.01
B-3 1,219,925.82 1,218,441.72 7.250000 % 749.08
- -------------------------------------------------------------------------------
271,005,025.82 266,225,538.39 3,759,593.93
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 279,652.59 3,449,935.00 0.00 0.00 46,557,240.71
A-2 97,964.83 97,964.83 0.00 0.00 17,420,000.00
A-3 185,291.93 761,706.90 0.00 0.00 21,663,763.61
A-4 213,756.78 213,756.78 0.00 0.00 38,010,000.00
A-5 96,522.13 96,522.13 0.00 0.00 17,163,462.00
A-6 181,069.13 181,069.13 0.00 0.00 29,977,000.00
A-7 97,036.92 97,036.92 0.00 0.00 16,065,000.00
A-8 330,070.49 330,070.49 0.00 0.00 54,645,000.00
A-9 221,661.92 221,661.92 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 49,047.64 54,039.75 0.00 0.00 8,115,117.33
M-2 32,698.43 36,026.50 0.00 0.00 5,410,078.22
M-3 24,523.82 27,019.88 0.00 0.00 4,057,558.66
B-1 8,992.07 9,907.29 0.00 0.00 1,487,771.51
B-2 4,087.30 4,503.31 0.00 0.00 676,259.78
B-3 7,359.72 8,108.80 0.00 0.00 1,217,692.64
- -------------------------------------------------------------------------------
1,829,735.70 5,589,329.63 0.00 0.00 262,465,944.46
=====================================================================
==========
Run: 12/26/97 13:40:06
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS9
(POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4263
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-1 925.163221 58.981998 5.202839 64.184837 0.000000 866.181223
A-2 1000.000000 0.000000 5.623699 5.623699 0.000000 1000.000000
A-3 968.162366 25.092572 8.066153 33.158725 0.000000 943.069794
A-4 1000.000000 0.000000 5.623699 5.623699 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623698 5.623698 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040269 6.040269 0.000000 1000.000000
A-7 1000.000000 0.000000 6.040269 6.040269 0.000000 1000.000000
A-8 1000.000000 0.000000 6.040269 6.040269 0.000000 1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.783449 0.614036 6.032920 6.646956 0.000000 998.169413
M-2 998.783448 0.614035 6.032921 6.646956 0.000000 998.169413
M-3 998.783449 0.614037 6.032920 6.646957 0.000000 998.169412
B-1 998.783449 0.614036 6.032922 6.646958 0.000000 998.169413
B-2 998.783454 0.614037 6.032915 6.646952 0.000000 998.169417
B-3 998.783451 0.614029 6.032924 6.646953 0.000000 998.169413
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:07 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS9 (POOL #
4263)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4263
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
59,781.92
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
2,136.94
SUBSERVICER ADVANCES THIS MONTH 57,851.28
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 72 7,011,621.09
(B) TWO MONTHLY PAYMENTS: 5 453,815.78
(C) THREE OR MORE MONTHLY PAYMENTS: 1 70,000.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 117,000.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 262,465,944.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,435
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
3,595,922.80
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.12044990 % 6.60852100 % 1.27102920 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.01249590 % 6.69906119 % 1.28844290 %
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
8.59861273
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
353.97
POOL TRADING FACTOR: 96.84910590
................................................................................
Run: 12/26/97 13:40:08 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 199,969,492.00 198,347,544.81 7.250000 % 2,499,742.09
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 64,876,760.76 7.250000 % 40,425.82
A-5 7611OFMS9 76,250.57 76,179.64 0.000000 % 54.47
A-6 7611OFMT7 0.00 0.00 0.953385 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,595,510.23 7.250000 % 6,600.56
M-2 7611OFMW0 6,524,000.00 6,520,006.48 7.250000 % 4,061.69
M-3 7611OFMX8 4,893,000.00 4,890,004.86 7.250000 % 3,046.27
B-1 7611OFMY6 1,794,000.00 1,792,901.84 7.250000 % 1,116.90
B-2 7611OFMZ3 816,000.00 815,500.50 7.250000 % 508.02
B-3 7611OFNA7 1,468,094.11 1,467,195.47 7.250000 % 914.01
- -------------------------------------------------------------------------------
326,202,444.68 324,524,604.59 2,556,469.83
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 1,197,696.21 3,697,438.30 0.00 0.00 195,847,802.72
A-2 60,383.72 60,383.72 0.00 0.00 10,000,000.00
A-3 151,822.79 151,822.79 0.00 0.00 25,143,000.00
A-4 391,750.00 432,175.82 0.00 0.00 64,836,334.94
A-5 0.00 54.47 0.00 0.00 76,125.17
A-6 257,690.16 257,690.16 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,979.63 70,580.19 0.00 0.00 10,588,909.67
M-2 39,370.23 43,431.92 0.00 0.00 6,515,944.79
M-3 29,527.67 32,573.94 0.00 0.00 4,886,958.59
B-1 10,826.21 11,943.11 0.00 0.00 1,791,784.94
B-2 4,924.29 5,432.31 0.00 0.00 814,992.48
B-3 8,859.48 9,773.49 0.00 0.00 1,466,281.46
- -------------------------------------------------------------------------------
2,216,830.39 4,773,300.22 0.00 0.00 321,968,134.76
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-1 991.889027 12.500617 5.989395 18.490012 0.000000 979.388410
A-2 1000.000000 0.000000 6.038372 6.038372 0.000000 1000.000000
A-3 1000.000000 0.000000 6.038372 6.038372 0.000000 1000.000000
A-4 999.387718 0.622736 6.034675 6.657411 0.000000 998.764982
A-5 999.069777 0.714355 0.000000 0.714355 0.000000 998.355422
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.387873 0.622577 6.034676 6.657253 0.000000 998.765296
M-2 999.387872 0.622577 6.034677 6.657254 0.000000 998.765296
M-3 999.387872 0.622577 6.034676 6.657253 0.000000 998.765295
B-1 999.387871 0.622575 6.034677 6.657252 0.000000 998.765295
B-2 999.387868 0.622574 6.034669 6.657243 0.000000 998.765294
B-3 999.387887 0.622576 6.034681 6.657257 0.000000 998.765304
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:09 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
67,537.39
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
14,308.97
SUBSERVICER ADVANCES THIS MONTH 127,430.31
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 136 15,724,831.38
(B) TWO MONTHLY PAYMENTS: 10 1,142,295.76
(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 321,968,134.76
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,805
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
2,354,291.17
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.96139740 % 6.78244100 % 1.25616200 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.90260360 % 6.83043155 % 1.26534950 %
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
8.53037403
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
355.10
POOL TRADING FACTOR: 98.70193802
................................................................................
Run: 12/26/97 13:40:10 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS11
(POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4265
______________________________________________________________________________
_
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE
DISTRIBUTION
______________________________________________________________________________
_
A-1 7611OFLZ4 99,650,000.00 99,297,852.69 7.000000 % 1,245,867.07
A-2 7611OFMD2 43,142.76 42,911.84 0.000000 % 232.24
A-3 7611OFME0 0.00 0.00 1.006882 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 3,033,997.43 7.000000 % 9,022.36
M-2 7611OFMH3 892,000.00 889,361.06 7.000000 % 2,644.74
M-3 7611OFMJ9 419,700.00 418,458.34 7.000000 % 1,244.39
B-1 7611OFMK6 367,000.00 365,914.25 7.000000 % 1,088.14
B-2 7611OFML4 262,400.00 261,623.70 7.000000 % 778.00
B-3 7611OFMM2 263,388.53 262,609.30 7.000000 % 780.95
- -------------------------------------------------------------------------------
104,940,731.29 104,572,728.61 1,261,657.89
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 578,779.02 1,824,646.09 0.00 0.00 98,051,985.62
A-2 0.00 232.24 0.00 0.00 42,679.60
A-3 87,674.25 87,674.25 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,684.31 26,706.67 0.00 0.00 3,024,975.07
M-2 5,183.83 7,828.57 0.00 0.00 886,716.32
M-3 2,439.08 3,683.47 0.00 0.00 417,213.95
B-1 2,132.81 3,220.95 0.00 0.00 364,826.11
B-2 1,524.93 2,302.93 0.00 0.00 260,845.70
B-3 1,530.68 2,311.63 0.00 0.00 261,828.35
- -------------------------------------------------------------------------------
696,948.91 1,958,606.80 0.00 0.00 103,311,070.72
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-1 996.466158 12.502429 5.808119 18.310548 0.000000 983.963729
A-2 994.647538 5.383058 0.000000 5.383058 0.000000 989.264479
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.041548 2.964956 5.811472 8.776428 0.000000 994.076592
M-2 997.041547 2.964955 5.811469 8.776424 0.000000 994.076592
M-3 997.041553 2.964951 5.811484 8.776435 0.000000 994.076602
B-1 997.041553 2.964959 5.811471 8.776430 0.000000 994.076594
B-2 997.041540 2.964939 5.811471 8.776410 0.000000 994.076601
B-3 997.041519 2.964973 5.811491 8.776464 0.000000 994.076507
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:10 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS11 (POOL
# 4265)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4265
______________________________________________________________________________
_
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER
21,719.33
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
4,150.25
SUBSERVICER ADVANCES THIS MONTH 13,377.58
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 13 1,166,984.26
(B) TWO MONTHLY PAYMENTS: 1 208,578.33
(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 103,311,070.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,104
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
950,606.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.99476390 % 4.15366300 % 0.85157260 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.94869100 % 4.19016598 % 0.85941120 %
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
8.33189097
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
173.07
POOL TRADING FACTOR: 98.44706574
................................................................................
Run: 12/26/97 13:40:18 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 57,575,000.00 7.000000 % 1,218,766.89
A-2 76110FNC3 22,405,757.00 22,405,757.00 9.000000 % 174,109.56
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 59,318,800.00 7.250000 % 39,966.20
A-8 76110FNH2 0.00 0.00 0.905349 % 0.00
R 76110FNJ8 100.00 100.00 7.250000 % 100.00
M-1 76110FNK5 10,433,600.00 10,433,600.00 7.250000 % 6,484.87
M-2 76110FNL3 4,471,600.00 4,471,600.00 7.250000 % 2,779.26
M-3 76110FNM1 4,471,500.00 4,471,500.00 7.250000 % 2,779.20
B-1 76110FNN9 1,639,600.00 1,639,600.00 7.250000 % 1,019.07
B-2 76110FNP4 745,200.00 745,200.00 7.250000 % 463.17
B-3 76110FNQ2 1,341,561.05 1,341,561.05 7.250000 % 833.84
- -------------------------------------------------------------------------------
298,104,002.05 298,104,002.05 1,447,302.06
=====================================================================
==========
______________________________________________________________________________
_
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
______________________________________________________________________________
_
A-1 335,560.41 1,554,327.30 0.00 0.00 56,356,233.11
A-2 167,896.20 342,005.76 0.00 0.00 22,231,647.44
A-3 366,153.52 366,153.52 0.00 0.00 62,824,125.00
A-4 139,063.31 139,063.31 0.00 0.00 24,294,118.00
A-5 156,945.93 156,945.93 0.00 0.00 26,000,000.00
A-6 136,319.87 136,319.87 0.00 0.00 22,583,041.00
A-7 358,070.95 398,037.15 0.00 0.00 59,278,833.80
A-8 224,710.17 224,710.17 0.00 0.00 0.00
R 0.60 100.60 0.00 0.00 0.00
M-1 62,981.19 69,466.06 0.00 0.00 10,427,115.13
M-2 26,992.29 29,771.55 0.00 0.00 4,468,820.74
M-3 26,991.68 29,770.88 0.00 0.00 4,468,720.80
B-1 9,897.26 10,916.33 0.00 0.00 1,638,580.93
B-2 4,498.31 4,961.48 0.00 0.00 744,736.83
B-3 8,098.17 8,932.01 0.00 0.00 1,340,727.21
- -------------------------------------------------------------------------------
2,024,179.86 3,471,481.92 0.00 0.00 296,656,699.99
=====================================================================
==========
______________________________________________________________________________
_
AMOUNTS PER $1,000 UNIT
______________________________________________________________________________
_
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED
BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST
FACTOR
______________________________________________________________________________
_
A-1 1000.000000 21.168335 5.828231 26.996566 0.000000 978.831665
A-2 1000.000000 7.770751 7.493440 15.264191 0.000000 992.229249
A-3 1000.000000 0.000000 5.828231 5.828231 0.000000 1000.000000
A-4 1000.000000 0.000000 5.724156 5.724156 0.000000 1000.000000
A-5 1000.000000 0.000000 6.036382 6.036382 0.000000 1000.000000
A-6 1000.000000 0.000000 6.036382 6.036382 0.000000 1000.000000
A-7 1000.000000 0.673753 6.036382 6.710135 0.000000 999.326247
R 1000.000000 000.000000 6.000000 1006.000000 0.000000 0.000000
M-1 1000.000000 0.621537 6.036381 6.657918 0.000000 999.378463
M-2 1000.000000 0.621536 6.036383 6.657919 0.000000 999.378464
M-3 1000.000000 0.621536 6.036382 6.657918 0.000000 999.378464
B-1 1000.000000 0.621536 6.036387 6.657923 0.000000 999.378464
B-2 1000.000000 0.621538 6.036379 6.657917 0.000000 999.378462
B-3 1000.000000 0.621537 6.036378 6.657915 0.000000 999.378452
______________________________________________________________________________
_
DETERMINATION DATE 22-December-97
DISTRIBUTION DATE 26-December-97
Run: 12/26/97 13:40:18 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
62,067.62
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER
19,942.86
SUBSERVICER ADVANCES THIS MONTH 94,224.95
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 112 12,610,365.22
(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 296,656,699.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,626
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
1,262,019.42
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.24999970 % 6.49998000 % 1.25002050 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.21703010 % 6.52763166 % 1.25533820 %
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
8.48527515
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS
357.00
POOL TRADING FACTOR: 99.51449761
................................................................................
