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)
April 25, 1998
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in its charter)
33-95932, 333-8733, 333-33493
333-48327 51-0368240
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the April 1998 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-QS1 RALI 1996-QS1 RALI 1996-QS2 RALI 1996-QS3 RALI 1996-QS4 RALI 1996-QS6
RALI 1996-QS5 RALI 1996-QS7 RALI 1996-QS8 RALI 1997-QS1 RALI 1997-QS2 RALI
1997-QS3 RALI 1997-QS3 RALI 1997-QS4 RALI 1997-QS5 RALI 1997-QS6 RALI 1997-QS7
RALI 1997-QS8 RALI 1997-QS9 RALI 1997-QS10 RALI 1997-QS11 RALI 1997-QS12 RALI
1997-QS13 RALI 1998-QS1 RALI 1998-QS2 RALI 1998-QS3GR1 RALI 1998-QS3GR2 RALI
1998-QS4 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: April 25, 1997
MONTHLY REPORTS- RESIDENTIAL ACCREDIT LOANS, INC.
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4180
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FAA1 54,500,000.00 0.00 6.600000 % 0.00
A-2 76110FAB9 82,500,000.00 34,382,782.30 6.900000 % 7,994,928.11
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
- -------------------------------------------------------------------------------
258,459,514.42 158,167,917.93 7,994,928.11
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 197,701.00 8,192,629.11 0.00 0.00 26,387,854.19
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 131,879.94 131,879.94 0.00 0.00 2,326,135.63
- -------------------------------------------------------------------------------
1,084,991.36 9,079,919.47 0.00 0.00 150,172,989.82
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 416.760998 96.908220 2.396376 99.304596 0.000000 319.852778
A-3 1000.000000 0.000000 6.083333 6.083333 0.000000 1000.000000
A-4 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4180
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 31,687.32
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,158.18
SUBSERVICER ADVANCES THIS MONTH 69,367.90
MASTER SERVICER ADVANCES THIS MONTH 12,314.04
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 3,762,042.86
(B) TWO MONTHLY PAYMENTS: 10 975,862.64
(C) THREE OR MORE MONTHLY PAYMENTS: 4 555,834.61
FORECLOSURES
NUMBER OF LOANS 22
AGGREGATE PRINCIPAL BALANCE 3,097,208.48
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 150,172,989.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,697
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 12
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,492,014.98
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,205,660.22
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.52932530 % 1.47067480 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.45102930 % 1.54897070 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.32894418
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 296.74
POOL TRADING FACTOR: 58.10309988
................................................................................
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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 32,006,414.82 6.250000 % 5,274,453.54
A-I- 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
A-I- 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I- 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I- 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I- 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 13,717,434.93 6.090000 % 479,449.16
R 0.53 2,026,594.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 155,116,580.23 5,753,902.70
===============================================================================
_______________________________________________________________________________
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-2 166,700.08 5,441,153.62 0.00 0.00 26,731,961.28
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 71,936.52 551,385.68 0.00 0.00 13,237,985.77
R 210,671.00 210,671.00 0.00 0.00 2,026,594.48
- -------------------------------------------------------------------------------
1,067,697.85 6,821,600.55 0.00 0.00 149,362,677.53
===============================================================================
_______________________________________________________________________________
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- 476.385182 78.505247 2.481173 80.986420 0.000000 397.879935
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 466.977017 16.321691 2.448905 18.770596 0.000000 450.655326
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
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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 32,618.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 77,330.25
MASTER SERVICER ADVANCES THIS MONTH 14,433.98
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 3,957,060.13
(B) TWO MONTHLY PAYMENTS: 9 1,654,208.92
(C) THREE OR MORE MONTHLY PAYMENTS: 4 492,897.98
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 3,642,179.30
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 149,362,677.53
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,317
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 1,788,273.08
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,381,991.63
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.69350240 % 1.30649770 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.64317210 % 1.35682790 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,584,285.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,584,285.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.98905300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 308.09
POOL TRADING FACTOR: 58.35799381
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS2 (POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4201
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FAS2 40,000,000.00 0.00 6.400000 % 0.00
A-2 76110FAT0 16,000,000.00 7,080,551.69 7.000000 % 5,092,685.76
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 178,007.00 133,052.38 0.000000 % 145.25
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 134,766,129.25 5,092,831.01
===============================================================================
_______________________________________________________________________________
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 41,303.22 5,133,988.98 0.00 0.00 1,987,865.93
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 0.00 145.25 0.00 0.00 132,907.13
R 113,152.30 113,152.30 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
916,393.50 6,009,224.51 0.00 0.00 129,673,298.24
===============================================================================
_______________________________________________________________________________
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-2 442.534481 318.292860 2.581451 320.874311 0.000000 124.241621
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-10 747.455887 0.815979 0.000000 0.815979 0.000000 746.639907
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS2 (POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4201
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 27,586.90
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 53,265.24
MASTER SERVICER ADVANCES THIS MONTH 2,974.88
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 3,388,450.80
(B) TWO MONTHLY PAYMENTS: 7 857,751.25
(C) THREE OR MORE MONTHLY PAYMENTS: 1 110,907.58
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 2,295,837.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 129,673,298.24
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,278
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 391,304.86
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,944,688.22
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.65016960 % 1.34983040 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.59715590 % 1.40284410 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78524862
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 312.80
POOL TRADING FACTOR: 71.28375979
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FBC6 42,855,000.00 0.00 6.780000 % 0.00
A-I- 76110FBD4 26,000,000.00 14,956,249.69 7.150000 % 5,764,052.99
A-I- 76110FBE2 10,596,000.00 10,596,000.00 7.290000 % 0.00
A-I- 76110FBF9 25,000,000.00 18,918,446.15 7.250000 % 42,565.31
A-I- 76110FBG7 18,587,000.00 18,587,000.00 7.460000 % 0.00
A-I- 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I- 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I- 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I- 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I- 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I- 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 16,341,909.49 7.750000 % 195,062.39
A-P 76110FBQ5 1,166,695.86 1,044,816.41 0.000000 % 27,888.90
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 12,266,914.01 7.750000 % 11,671.80
M-2 76110FBU6 5,568,000.00 5,451,744.17 7.750000 % 5,187.26
M-3 76110FBV4 4,176,000.00 4,088,808.15 7.750000 % 3,890.45
B-1 1,809,600.00 1,771,816.85 7.750000 % 1,685.86
B-2 696,000.00 681,468.02 7.750000 % 648.41
B-3 1,670,738.96 1,584,380.20 7.750000 % 1,507.52
SPRE 0.00 0.00 0.711564 % 0.00
A-V 7611OFHY2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 213,489,115.14 6,054,160.89
===============================================================================
_______________________________________________________________________________
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 89,094.46 5,853,147.45 0.00 0.00 9,192,196.70
A-I-3 64,356.35 64,356.35 0.00 0.00 10,596,000.00
A-I-4 114,273.47 156,838.78 0.00 0.00 18,875,880.84
A-I-5 115,523.42 115,523.42 0.00 0.00 18,587,000.00
A-I-6 140,088.77 140,088.77 0.00 0.00 21,696,000.00
A-I-7 51,958.63 51,958.63 0.00 0.00 8,047,000.00
A-I-8 112,582.40 112,582.40 0.00 0.00 17,436,000.00
A-I-9 162,358.59 162,358.59 0.00 0.00 25,145,000.00
A-I-10 122,680.98 122,680.98 0.00 0.00 19,000,000.00
A-I-11 102,506.82 102,506.82 0.00 0.00 15,875,562.00
A-II 105,517.97 300,580.36 0.00 0.00 16,146,847.10
A-P 0.00 27,888.90 0.00 0.00 1,016,927.51
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 79,206.16 90,877.96 0.00 0.00 12,255,242.21
M-2 35,201.33 40,388.59 0.00 0.00 5,446,556.91
M-3 26,401.00 30,291.45 0.00 0.00 4,084,917.70
B-1 11,440.43 13,126.29 0.00 0.00 1,770,130.99
B-2 4,400.17 5,048.58 0.00 0.00 680,819.61
B-3 10,230.18 11,737.70 0.00 0.00 1,582,872.69
SPRED 126,564.46 126,564.46 0.00 0.00 0.00
A-V 23,909.14 23,909.14 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,498,294.73 7,552,455.62 0.00 0.00 207,434,954.26
===============================================================================
Run: 04/26/98 12:26:07
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 575.240373 221.694346 3.426710 225.121056 0.000000 353.546027
A-I- 1000.000000 0.000000 6.073646 6.073646 0.000000 1000.000000
A-I- 756.737846 1.702612 4.570939 6.273551 0.000000 755.035234
A-I- 1000.000000 0.000000 6.215281 6.215281 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456894 6.456894 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456894 6.456894 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456894 6.456894 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456894 6.456894 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456894 6.456894 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.456894 6.456894 0.000000 1000.000000
A-II 795.171097 9.491423 5.134335 14.625758 0.000000 785.679674
A-P 895.534514 23.904170 0.000000 23.904170 0.000000 871.630344
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-1 979.120726 0.931620 6.322078 7.253698 0.000000 978.189106
M-2 979.120720 0.931620 6.322078 7.253698 0.000000 978.189100
M-3 979.120726 0.931621 6.322079 7.253700 0.000000 978.189104
B-1 979.120717 0.931620 6.322077 7.253697 0.000000 978.189097
B-2 979.120718 0.931624 6.322083 7.253707 0.000000 978.189095
B-3 948.311040 0.902307 6.123147 7.025454 0.000000 947.408736
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:08 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 44,213.49
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 48,759.72
MASTER SERVICER ADVANCES THIS MONTH 3,716.92
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 4,402,937.59
(B) TWO MONTHLY PAYMENTS: 5 550,008.21
(C) THREE OR MORE MONTHLY PAYMENTS: 1 149,602.58
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,102,723.35
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 207,434,954.26
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,950
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 3
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 465,022.04
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,845,552.32
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.40453450 % 10.21479100 % 1.89127440 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 87.49114090 % 10.50291495 % 1.95420110 %
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 8.75429200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 313.73
POOL TRADING FACTOR: 74.50841466
................................................................................
Run: 04/26/98 12:26:09 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FBW2 45,914,000.00 0.00 6.850000 % 0.00
A-I- 76110FBX0 26,945,000.00 9,978,044.64 11.000000 % 1,427,211.02
A-I- 76110FBY8 15,646,000.00 15,080,518.35 7.300000 % 6,116,171.90
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 10,556,443.69 7.250000 % 726,050.56
A-II 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,559,318.68 0.000000 % 78,809.71
A-V 76110FGN7 0.00 0.00 0.754448 % 0.00
R-I 76110FCK7 100.00 0.00 8.000000 % 0.00
R-II 76110FCL5 100.00 0.00 8.000000 % 0.00
M-1 76110FCM3 13,230,500.00 12,981,612.03 8.000000 % 13,642.12
M-2 76110FCN1 5,570,800.00 5,466,003.86 8.000000 % 5,744.11
M-3 76110FCP6 4,456,600.00 4,372,763.86 8.000000 % 4,595.25
B-1 76110FCR2 2,228,400.00 2,186,480.05 8.000000 % 2,297.73
B-2 76110FCS0 696,400.00 683,299.54 8.000000 % 718.07
B-3 76110FCT8 1,671,255.97 1,253,947.38 8.000000 % 1,317.75
STRI 0.00 0.00 0.119421 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 208,234,432.08 8,376,558.22
===============================================================================
_______________________________________________________________________________
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 90,704.61 1,517,915.63 0.00 0.00 8,550,833.62
A-I-3 90,976.74 6,207,148.64 0.00 0.00 8,964,346.45
A-I-4 202,922.95 202,922.95 0.00 0.00 32,740,000.00
A-I-5 63,779.29 63,779.29 0.00 0.00 10,023,000.00
A-I-6 177,253.26 177,253.26 0.00 0.00 26,811,000.00
A-I-7 119,305.97 119,305.97 0.00 0.00 18,046,000.00
A-I-8 60,122.38 60,122.38 0.00 0.00 9,094,000.00
A-I-9 67,989.72 67,989.72 0.00 0.00 10,284,000.00
A-I-10 179,783.86 179,783.86 0.00 0.00 27,538,000.00
A-II-1 63,248.01 789,298.57 0.00 0.00 9,830,393.13
A-II-2 54,242.53 54,242.53 0.00 0.00 8,580,000.00
A-P 0.00 78,809.71 0.00 0.00 2,480,508.97
A-V 129,829.42 129,829.42 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 85,824.21 99,466.33 0.00 0.00 12,967,969.91
M-2 36,136.93 41,881.04 0.00 0.00 5,460,259.75
M-3 28,909.28 33,504.53 0.00 0.00 4,368,168.61
B-1 14,455.28 16,753.01 0.00 0.00 2,184,182.32
B-2 4,517.44 5,235.51 0.00 0.00 682,581.47
B-3 8,290.12 9,607.87 0.00 0.00 1,252,629.64
STRIP 11,299.61 11,299.61 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,489,591.61 9,866,149.83 0.00 0.00 199,857,873.87
===============================================================================
Run: 04/26/98 12:26:09
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 370.311547 52.967564 3.366287 56.333851 0.000000 317.343983
A-I- 963.857750 390.909619 5.814696 396.724315 0.000000 572.948131
A-I- 1000.000000 0.000000 6.198013 6.198013 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.363293 6.363293 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.611214 6.611214 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.611214 6.611214 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.611214 6.611214 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.611214 6.611214 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.528574 6.528574 0.000000 1000.000000
A-II 658.912907 45.318679 3.947819 49.266498 0.000000 613.594228
A-II 1000.000000 0.000000 6.321973 6.321973 0.000000 1000.000000
A-P 841.981410 25.927335 0.000000 25.927335 0.000000 816.054075
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 981.188317 1.031111 6.486846 7.517957 0.000000 980.157206
M-2 981.188314 1.031110 6.486847 7.517957 0.000000 980.157204
M-3 981.188318 1.031111 6.486846 7.517957 0.000000 980.157207
B-1 981.188319 1.031112 6.486843 7.517955 0.000000 980.157207
B-2 981.188311 1.031117 6.486847 7.517964 0.000000 980.157194
B-3 750.302409 0.788479 4.960413 5.748892 0.000000 749.513937
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:10 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4216
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 42,466.70
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 54,963.94
MASTER SERVICER ADVANCES THIS MONTH 2,880.56
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 4,001,528.48
(B) TWO MONTHLY PAYMENTS: 6 783,854.60
(C) THREE OR MORE MONTHLY PAYMENTS: 4 382,340.39
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,600,319.72
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 199,857,873.87
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,082
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 359,885.18
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,151,311.19
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.83162970 % 10.95898500 % 1.98032910 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.36328350 % 11.40630480 % 2.08706480 %
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 8.98412800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 305.28
POOL TRADING FACTOR: 71.75303074
................................................................................
Run: 04/26/98 12:26:12 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-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 8,463,529.11 9.500000 % 936,764.59
A-I- 76110FCV3 25,000,000.00 13,728,599.77 7.600000 % 1,477,895.57
A-I- 76110FCW1 12,373,000.00 0.00 6.650000 % 0.00
A-I- 76110FCX9 7,100,000.00 3,708,824.37 7.450000 % 1,479,979.66
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 8,233,284.13 8.000000 % 157,385.91
A-II 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 955,178.83 0.000000 % 10,044.46
A-V 76110FGP2 0.00 0.00 0.867453 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,786,008.99 8.000000 % 7,731.73
M-2 76110FDK6 3,958,800.00 3,892,562.05 8.000000 % 3,865.42
M-3 76110FDL4 2,815,100.00 2,767,998.23 8.000000 % 2,748.70
B-1 76110FDM2 1,407,600.00 1,384,048.28 8.000000 % 1,374.40
B-2 76110FDN0 439,800.00 432,441.36 8.000000 % 429.43
B-3 76110FDP5 1,055,748.52 1,001,436.83 8.000000 % 994.46
- -------------------------------------------------------------------------------
175,944,527.21 130,113,911.95 4,079,214.33
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 66,897.21 1,003,661.80 0.00 0.00 7,526,764.52
A-I-2 86,810.59 1,564,706.16 0.00 0.00 12,250,704.20
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 22,989.28 1,502,968.94 0.00 0.00 2,228,844.71
A-I-5 64,099.69 64,099.69 0.00 0.00 10,137,000.00
A-I-6 36,069.99 36,069.99 0.00 0.00 5,558,000.00
A-I-7 112,661.93 112,661.93 0.00 0.00 16,926,000.00
A-I-8 45,820.91 45,820.91 0.00 0.00 6,884,000.00
A-I-9 74,741.87 74,741.87 0.00 0.00 11,229,000.00
A-I-10 149,769.95 149,769.95 0.00 0.00 22,501,000.00
A-II-1 54,801.94 212,187.85 0.00 0.00 8,075,898.22
A-II-2 30,119.07 30,119.07 0.00 0.00 4,525,000.00
A-P 0.00 10,044.46 0.00 0.00 945,134.37
A-V 93,907.96 93,907.96 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 51,824.82 59,556.55 0.00 0.00 7,778,277.26
M-2 25,909.46 29,774.88 0.00 0.00 3,888,696.63
M-3 18,424.20 21,172.90 0.00 0.00 2,765,249.53
B-1 9,212.43 10,586.83 0.00 0.00 1,382,673.88
B-2 2,878.39 3,307.82 0.00 0.00 432,011.93
B-3 6,665.71 7,660.17 0.00 0.00 1,000,442.77
- -------------------------------------------------------------------------------
953,605.40 5,032,819.73 0.00 0.00 126,034,698.02
===============================================================================
Run: 04/26/98 12:26:12
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- 354.894713 39.280635 2.805150 42.085785 0.000000 315.614078
A-I- 549.143991 59.115823 3.472424 62.588247 0.000000 490.028168
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 522.369630 208.447839 3.237927 211.685766 0.000000 313.921790
A-I- 1000.000000 0.000000 6.323339 6.323339 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.489743 6.489743 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.656146 6.656146 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.656146 6.656146 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.656147 6.656147 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.656146 6.656146 0.000000 1000.000000
A-II 737.617285 14.100153 4.909688 19.009841 0.000000 723.517131
A-II 1000.000000 0.000000 6.656148 6.656148 0.000000 1000.000000
A-P 863.728399 9.082787 0.000000 9.082787 0.000000 854.645612
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 983.268168 0.976413 6.544777 7.521190 0.000000 982.291755
M-2 983.268175 0.976412 6.544776 7.521188 0.000000 982.291763
M-3 983.268172 0.976413 6.544776 7.521189 0.000000 982.291759
B-1 983.268173 0.976414 6.544778 7.521192 0.000000 982.291759
B-2 983.268213 0.976421 6.544770 7.521191 0.000000 982.291792
B-3 948.556224 0.941948 6.313729 7.255677 0.000000 947.614656
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:14 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 26,672.80
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 59,688.11
MASTER SERVICER ADVANCES THIS MONTH 872.90
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 4,752,600.47
(B) TWO MONTHLY PAYMENTS: 8 1,114,537.57
(C) THREE OR MORE MONTHLY PAYMENTS: 1 18,749.81
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,393,327.83
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 126,034,698.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,282
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 109,373.07
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,944,446.93
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.99713570 % 11.10301700 % 2.16573800 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.21199760 % 11.45099218 % 2.25049040 %
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 9.13583500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 310.46
POOL TRADING FACTOR: 71.63320168
................................................................................
Run: 04/26/98 12:26:16 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FDQ3 20,106,154.00 0.00 7.050000 % 0.00
A-I- 76110FDR1 43,322,483.00 18,836,702.76 6.087500 % 2,014,885.36
A-I- 76110FDS9 0.00 0.00 2.912500 % 0.00
A-I- 76110FDT7 13,330,948.00 8,040,486.03 7.125000 % 1,979,536.59
A-I- 76110FDU4 24,973,716.00 23,084,265.63 7.600000 % 706,977.23
A-I- 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I- 76110FDW0 1,000,000.00 1,000,000.00 7.700000 % 0.00
A-I- 76110FDX8 9,539,699.00 9,539,699.00 7.700000 % 0.00
A-I- 76110FDY6 22,526,000.00 22,526,000.00 8.000000 % 0.00
A-I- 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I- 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I- 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 16,284,547.35 8.000000 % 688,169.53
A-P 76110FED1 601,147.92 493,129.95 0.000000 % 3,423.97
A-V 76110FGQ0 0.00 0.00 0.807668 % 0.00
R-I 76110FEE9 100.00 0.00 8.000000 % 0.00
R-II 76110FEF6 100.00 0.00 8.000000 % 0.00
M-1 76110FEG4 9,114,600.00 8,990,150.64 8.000000 % 8,574.25
M-2 76110FEH2 5,126,400.00 5,056,404.92 8.000000 % 4,822.49
M-3 76110FEJ8 3,645,500.00 3,595,724.88 8.000000 % 3,429.38
B-1 1,822,700.00 1,797,813.13 8.000000 % 1,714.64
B-2 569,600.00 561,822.78 8.000000 % 535.83
B-3 1,366,716.75 1,331,105.04 8.000000 % 1,269.46
- -------------------------------------------------------------------------------
227,839,864.67 171,827,852.11 5,413,338.73
===============================================================================
_______________________________________________________________________________
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 95,515.29 2,110,400.65 0.00 0.00 16,821,817.40
A-I-3 45,698.29 45,698.29 0.00 0.00 0.00
A-I-4 47,719.54 2,027,256.13 0.00 0.00 6,060,949.44
A-I-5 146,136.51 853,113.74 0.00 0.00 22,377,288.40
A-I-6 495.06 495.06 0.00 0.00 0.00
A-I-7 6,413.87 6,413.87 0.00 0.00 1,000,000.00
A-I-8 61,186.34 61,186.34 0.00 0.00 9,539,699.00
A-I-9 150,107.75 150,107.75 0.00 0.00 22,526,000.00
A-I-10 77,632.75 77,632.75 0.00 0.00 11,650,000.00
A-I-11 202,718.11 202,718.11 0.00 0.00 30,421,000.00
A-I-12 57,434.91 57,434.91 0.00 0.00 8,619,000.00
A-II 108,516.24 796,685.77 0.00 0.00 15,596,377.82
A-P 0.00 3,423.97 0.00 0.00 489,705.98
A-V 115,599.44 115,599.44 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 59,908.17 68,482.42 0.00 0.00 8,981,576.39
M-2 33,694.65 38,517.14 0.00 0.00 5,051,582.43
M-3 23,961.03 27,390.41 0.00 0.00 3,592,295.50
B-1 11,980.19 13,694.83 0.00 0.00 1,796,098.49
B-2 3,743.85 4,279.68 0.00 0.00 561,286.95
B-3 8,870.15 10,139.61 0.00 0.00 1,329,835.50
- -------------------------------------------------------------------------------
1,257,332.14 6,670,670.87 0.00 0.00 166,414,513.30
===============================================================================
Run: 04/26/98 12:26:16
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I- 434.802012 46.509000 2.204751 48.713751 0.000000 388.293012
A-I- 603.144355 148.491809 3.579606 152.071415 0.000000 454.652545
A-I- 924.342442 28.308852 5.851613 34.160465 0.000000 896.033590
A-I- 1000.000000 0.000000 6.413870 6.413870 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.413865 6.413865 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663755 6.663755 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663755 6.663755 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663756 6.663756 0.000000 1000.000000
A-I- 1000.000000 0.000000 6.663756 6.663756 0.000000 1000.000000
A-II 810.015288 34.230478 5.397744 39.628222 0.000000 775.784810
A-P 820.313826 5.695724 0.000000 5.695724 0.000000 814.618101
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-1 986.346152 0.940716 6.572770 7.513486 0.000000 985.405436
M-2 986.346153 0.940717 6.572770 7.513487 0.000000 985.405437
M-3 986.346147 0.940716 6.572769 7.513485 0.000000 985.405431
B-1 986.346151 0.940714 6.572771 7.513485 0.000000 985.405437
B-2 986.346173 0.940713 6.572770 7.513483 0.000000 985.405460
B-3 973.943606 0.928839 6.490116 7.418955 0.000000 973.014711
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:18 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4228
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 35,454.30
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 48,447.01
MASTER SERVICER ADVANCES THIS MONTH 2,074.75
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 3,875,195.53
(B) TWO MONTHLY PAYMENTS: 4 315,168.72
(C) THREE OR MORE MONTHLY PAYMENTS: 2 219,513.14
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 1,614,304.32
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 166,414,513.30
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,693
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 251,341.47
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,243,062.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.29766390 % 10.26741600 % 2.14792940 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.15522070 % 10.59129638 % 2.22222400 %
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 9.11148900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 313.80
POOL TRADING FACTOR: 73.04012120
................................................................................
Run: 04/26/98 12:23:02 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8 (POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FEK5 4,000,000.00 2,704,031.39 7.400000 % 180,938.56
A-2 76110FEL3 4,074,824.00 1,314,254.90 7.300000 % 310,376.50
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 8,441,750.18 7.400000 % 738,885.24
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 22,673,868.43 6.187500 % 1,216,821.70
A-8 76110FES8 0.00 0.00 2.812500 % 0.00
A-9 76110FET6 32,965,000.00 12,175,039.10 0.000000 % 2,552,705.63
A-10 76110FEU3 20,953,719.00 20,518,835.86 7.400000 % 60,716.86
A-11 76110FEV1 13,975,000.00 13,975,000.00 7.750000 % 0.00
A-12 76110FEW9 2,000,000.00 2,000,000.00 7.750000 % 0.00
A-13 76110FEX7 20,646,958.00 20,646,958.00 7.750000 % 0.00
A-14 76110FEY5 115,824.70 109,809.04 0.000000 % 13,889.15
A-15 76110FGR8 0.00 0.00 0.899949 % 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 6,579,651.78 7.750000 % 4,500.41
M-2 76110FFC2 4,440,700.00 4,386,467.45 7.750000 % 3,000.29
M-3 76110FFD0 3,108,500.00 3,070,537.09 7.750000 % 2,100.21
B-1 1,509,500.00 1,491,065.07 7.750000 % 1,019.87
B-2 444,000.00 438,577.61 7.750000 % 299.98
B-3 1,154,562.90 1,082,546.53 7.750000 % 740.46
- -------------------------------------------------------------------------------
177,623,205.60 141,102,246.43 5,085,994.86
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 16,617.44 197,556.00 0.00 0.00 2,523,092.83
A-2 7,967.52 318,344.02 0.00 0.00 1,003,878.40
A-3 76,862.62 76,862.62 0.00 0.00 13,128,206.00
A-4 22,825.78 22,825.78 0.00 0.00 3,765,148.00
A-5 51,878.20 790,763.44 0.00 0.00 7,702,864.94
A-6 15,981.20 15,981.20 0.00 0.00 2,600,500.00
A-7 116,509.54 1,333,331.24 0.00 0.00 21,457,046.73
A-8 52,958.89 52,958.89 0.00 0.00 0.00
A-9 74,311.96 2,627,017.59 0.00 0.00 9,622,333.47
A-10 126,097.10 186,813.96 0.00 0.00 20,458,119.00
A-11 89,944.41 89,944.41 0.00 0.00 13,975,000.00
A-12 12,872.19 12,872.19 0.00 0.00 2,000,000.00
A-13 132,885.76 132,885.76 0.00 0.00 20,646,958.00
A-14 0.00 13,889.15 0.00 0.00 95,919.89
A-15 105,456.26 105,456.26 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 42,347.25 46,847.66 0.00 0.00 6,575,151.37
M-2 28,231.72 31,232.01 0.00 0.00 4,383,467.16
M-3 19,762.26 21,862.47 0.00 0.00 3,068,436.88
B-1 9,596.64 10,616.51 0.00 0.00 1,490,045.20
B-2 2,822.73 3,122.71 0.00 0.00 438,277.63
B-3 6,967.37 7,707.83 0.00 0.00 1,081,806.07
- -------------------------------------------------------------------------------
1,012,896.84 6,098,891.70 0.00 0.00 136,016,251.57
===============================================================================
Run: 04/26/98 12:23:02
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-1 676.007848 45.234641 4.154360 49.389001 0.000000 630.773207
A-2 322.530470 76.169302 1.955304 78.124606 0.000000 246.361168
A-3 1000.000000 0.000000 5.854769 5.854769 0.000000 1000.000000
A-4 1000.000000 0.000000 6.062386 6.062386 0.000000 1000.000000
A-5 803.976208 70.370023 4.940781 75.310804 0.000000 733.606185
A-6 1000.000000 0.000000 6.145434 6.145434 0.000000 1000.000000
A-7 717.991836 38.531936 3.689397 42.221333 0.000000 679.459900
A-9 369.332295 77.436846 2.254268 79.691114 0.000000 291.895449
A-10 979.245539 2.897665 6.017886 8.915551 0.000000 976.347874
A-11 1000.000000 0.000000 6.436094 6.436094 0.000000 1000.000000
A-12 1000.000000 0.000000 6.436095 6.436095 0.000000 1000.000000
A-13 1000.000000 0.000000 6.436094 6.436094 0.000000 1000.000000
A-14 948.062374 119.915269 0.000000 119.915269 0.000000 828.147105
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 987.787386 0.675636 6.357491 7.033127 0.000000 987.111751
M-2 987.787387 0.675634 6.357493 7.033127 0.000000 987.111753
M-3 987.787386 0.675635 6.357491 7.033126 0.000000 987.111752
B-1 987.787393 0.675634 6.357496 7.033130 0.000000 987.111759
B-2 987.787410 0.675631 6.357500 7.033131 0.000000 987.111779
B-3 937.624559 0.641325 6.034639 6.675964 0.000000 936.983223
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:23:04 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 28,872.52
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 53,490.01
MASTER SERVICER ADVANCES THIS MONTH 501.32
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 25 3,259,737.51
(B) TWO MONTHLY PAYMENTS: 7 796,186.05
(C) THREE OR MORE MONTHLY PAYMENTS: 1 77,701.87
FORECLOSURES
NUMBER OF LOANS 26
AGGREGATE PRINCIPAL BALANCE 2,538,755.61
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 136,016,251.56
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,339
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 63,174.99
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,989,437.88
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.90797160 % 9.95560900 % 2.13641900 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.46531580 % 10.31277899 % 2.21462740 %
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 8.97572468
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.19
POOL TRADING FACTOR: 76.57572168
................................................................................
Run: 04/26/98 12:23:18 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 7,150,911.37 6.750000 % 4,057,728.71
A-2 76110FFF5 10,146,000.00 4,003,155.44 6.750000 % 954,759.72
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 24,600,946.26 11.000000 % 1,074,104.63
A-7 76110FFL2 17,652,000.00 17,652,000.00 6.750000 % 0.00
A-8 76110FFM0 5,655,589.00 5,655,589.00 6.750000 % 0.00
A-9 76110FFN8 19,068,000.00 19,068,000.00 6.750000 % 0.00
A-10 76110FFP3 10,267,765.00 10,267,765.00 6.750000 % 0.00
A-11 76110FFQ1 47,506,000.00 47,506,000.00 7.500000 % 0.00
A-12 76110FFR9 212,947.62 205,596.23 0.000000 % 20,197.50
A-13 76110FFS7 0.00 0.00 0.954020 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,300,710.38 7.500000 % 6,205.82
M-2 76110FFW8 6,251,000.00 6,200,142.98 7.500000 % 4,136.99
M-3 76110FFW8 4,375,700.00 4,340,100.07 7.500000 % 2,895.90
B-1 1,624,900.00 1,611,680.10 7.500000 % 1,075.38
B-2 624,800.00 619,716.74 7.500000 % 413.50
B-3 1,500,282.64 1,479,764.63 7.500000 % 987.37
- -------------------------------------------------------------------------------
250,038,730.26 210,669,078.20 6,122,505.52
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 40,109.76 4,097,838.47 0.00 0.00 3,093,182.66
A-2 22,453.87 977,213.59 0.00 0.00 3,048,395.72
A-3 139,193.97 139,193.97 0.00 0.00 24,816,000.00
A-4 89,396.90 89,396.90 0.00 0.00 15,938,000.00
A-5 57,509.51 57,509.51 0.00 0.00 10,253,000.00
A-6 224,868.89 1,298,973.52 0.00 0.00 23,526,841.63
A-7 99,010.80 99,010.80 0.00 0.00 17,652,000.00
A-8 31,722.44 31,722.44 0.00 0.00 5,655,589.00
A-9 106,953.20 106,953.20 0.00 0.00 19,068,000.00
A-10 57,592.32 57,592.32 0.00 0.00 10,267,765.00
A-11 296,070.14 296,070.14 0.00 0.00 47,506,000.00
A-12 0.00 20,197.50 0.00 0.00 185,398.73
A-13 167,010.28 167,010.28 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,964.52 64,170.34 0.00 0.00 9,294,504.56
M-2 38,640.95 42,777.94 0.00 0.00 6,196,005.99
M-3 27,048.67 29,944.57 0.00 0.00 4,337,204.17
B-1 10,044.42 11,119.80 0.00 0.00 1,610,604.72
B-2 3,862.24 4,275.74 0.00 0.00 619,303.24
B-3 9,222.29 10,209.66 0.00 0.00 1,478,777.26
- -------------------------------------------------------------------------------
1,478,675.17 7,601,180.69 0.00 0.00 204,546,572.68
===============================================================================
Run: 04/26/98 12:23:18
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-1 215.013271 122.007598 1.206018 123.213616 0.000000 93.005673
A-2 394.555040 94.102082 2.213076 96.315158 0.000000 300.452959
A-3 1000.000000 0.000000 5.609041 5.609041 0.000000 1000.000000
A-4 1000.000000 0.000000 5.609041 5.609041 0.000000 1000.000000
A-5 1000.000000 0.000000 5.609042 5.609042 0.000000 1000.000000
A-6 780.693787 34.085958 7.136057 41.222015 0.000000 746.607830
A-7 1000.000000 0.000000 5.609041 5.609041 0.000000 1000.000000
A-8 1000.000000 0.000000 5.609043 5.609043 0.000000 1000.000000
A-9 1000.000000 0.000000 5.609041 5.609041 0.000000 1000.000000
A-10 1000.000000 0.000000 5.609042 5.609042 0.000000 1000.000000
A-11 1000.000000 0.000000 6.232268 6.232268 0.000000 1000.000000
A-12 965.477942 94.847268 0.000000 94.847268 0.000000 870.630674
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 991.864176 0.661813 6.181563 6.843376 0.000000 991.202363
M-2 991.864179 0.661813 6.181563 6.843376 0.000000 991.202366
M-3 991.864175 0.661814 6.181564 6.843378 0.000000 991.202361
B-1 991.864176 0.661813 6.181562 6.843375 0.000000 991.202363
B-2 991.864181 0.661812 6.181562 6.843374 0.000000 991.202369
B-3 986.323904 0.658116 6.147035 6.805151 0.000000 985.665781
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:23:19 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 43,403.94
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 43,522.91
MASTER SERVICER ADVANCES THIS MONTH 1,781.08
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 4,267,643.14
(B) TWO MONTHLY PAYMENTS: 1 118,957.69
(C) THREE OR MORE MONTHLY PAYMENTS: 3 553,794.71
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 589,528.27
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 204,546,572.68
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,949
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 224,592.48
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,981,879.41
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.80940550 % 9.42726700 % 1.76332800 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.48293960 % 9.69349643 % 1.81477000 %
BANKRUPTCY AMOUNT AVAILABLE 182,005.00
FRAUD AMOUNT AVAILABLE 2,143,653.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,143,653.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.77508715
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.96
POOL TRADING FACTOR: 81.80595561
................................................................................
Run: 04/26/98 12:23:34 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 23,978,558.49 9.000000 % 1,460,049.87
A-2 76110FFZ1 37,000,000.00 21,626,074.53 7.250000 % 3,148,199.39
A-3 76110FGA5 5,200,000.00 5,200,000.00 7.250000 % 0.00
A-4 76110FGB3 18,200,000.00 18,200,000.00 7.250000 % 0.00
A-5 76110FGC1 10,000,000.00 7,548,895.57 7.250000 % 501,925.52
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 130,561.76 127,385.79 0.000000 % 108.50
A-10 76110FGH0 0.00 0.00 0.726699 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,895,591.86 7.750000 % 3,200.59
M-2 76110FGL1 4,109,600.00 4,079,593.70 7.750000 % 2,667.12
M-3 76110FGM9 2,630,200.00 2,610,995.55 7.750000 % 1,706.99
B-1 1,068,500.00 1,060,698.32 7.750000 % 693.45
B-2 410,900.00 407,899.81 7.750000 % 266.67
B-3 821,738.81 815,738.92 7.750000 % 533.32
- -------------------------------------------------------------------------------
164,383,983.57 139,323,645.54 5,119,351.42
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 178,756.04 1,638,805.91 0.00 0.00 22,518,508.62
A-2 129,870.59 3,278,069.98 0.00 0.00 18,477,875.14
A-3 31,227.45 31,227.45 0.00 0.00 5,200,000.00
A-4 109,296.06 109,296.06 0.00 0.00 18,200,000.00
A-5 45,333.22 547,258.74 0.00 0.00 7,046,970.05
A-6 44,267.49 44,267.49 0.00 0.00 7,371,430.00
A-7 66,767.15 66,767.15 0.00 0.00 10,400,783.00
A-8 199,002.50 199,002.50 0.00 0.00 31,000,000.00
A-9 0.00 108.50 0.00 0.00 127,277.29
A-10 83,863.75 83,863.75 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,426.93 34,627.52 0.00 0.00 4,892,391.27
M-2 26,188.69 28,855.81 0.00 0.00 4,076,926.58
M-3 16,761.12 18,468.11 0.00 0.00 2,609,288.56
B-1 6,809.08 7,502.53 0.00 0.00 1,060,004.87
B-2 2,618.48 2,885.15 0.00 0.00 407,633.14
B-3 5,236.58 5,769.90 0.00 0.00 815,205.60
- -------------------------------------------------------------------------------
977,425.13 6,096,776.55 0.00 0.00 134,204,294.12
===============================================================================
Run: 04/26/98 12:23:34
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-1 770.802338 46.934008 5.746199 52.680207 0.000000 723.868330
A-2 584.488501 85.086470 3.510016 88.596486 0.000000 499.402031
A-3 1000.000000 0.000000 6.005279 6.005279 0.000000 1000.000000
A-4 1000.000000 0.000000 6.005278 6.005278 0.000000 1000.000000
A-5 754.889557 50.192552 4.533322 54.725874 0.000000 704.697005
A-6 1000.000000 0.000000 6.005278 6.005278 0.000000 1000.000000
A-7 1000.000000 0.000000 6.419435 6.419435 0.000000 1000.000000
A-8 1000.000000 0.000000 6.419435 6.419435 0.000000 1000.000000
A-9 975.674577 0.831024 0.000000 0.831024 0.000000 974.843553
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.698487 0.648996 6.372563 7.021559 0.000000 992.049491
M-2 992.698486 0.648997 6.372564 7.021561 0.000000 992.049489
M-3 992.698483 0.648996 6.372565 7.021561 0.000000 992.049487
B-1 992.698474 0.648994 6.372560 7.021554 0.000000 992.049481
B-2 992.698491 0.648990 6.372548 7.021538 0.000000 992.049501
B-3 992.698544 0.649002 6.372560 7.021562 0.000000 992.049530
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:23:35 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 28,501.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 34,030.10
MASTER SERVICER ADVANCES THIS MONTH 1,537.89
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 2,811,539.87
(B) TWO MONTHLY PAYMENTS: 3 637,052.30
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 900,000.54
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 134,204,294.12
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,308
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 200,530.38
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,028,245.51
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.03527960 % 8.32363000 % 1.64109080 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.66157630 % 8.62759756 % 1.70263600 %
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 8.79226189
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.51
POOL TRADING FACTOR: 81.64073604
................................................................................
Run: 04/26/98 12:23:40 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FGS6 32,109,000.00 16,838,059.64 7.250000 % 4,078,367.92
A-2 76110FGT4 26,579,000.00 26,579,000.00 7.500000 % 0.00
A-3 76110FGU1 16,821,000.00 16,821,000.00 7.500000 % 0.00
A-4 76110FGV9 23,490,000.00 23,490,000.00 7.750000 % 0.00
A-5 76110FGW7 7,138,000.00 7,138,000.00 7.750000 % 0.00
A-6 76110FGX5 1,000,000.00 1,000,000.00 7.750000 % 0.00
A-7 76110FGY3 15,374,000.00 11,010,874.19 9.500000 % 1,165,247.98
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 105,157.41 0.000000 % 880.27
A-10 76110FHB2 0.00 0.00 0.734443 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,307,000.76 7.750000 % 3,389.58
M-2 76110FHE6 4,112,900.00 4,082,361.72 7.750000 % 2,607.40
M-3 76110FHF3 2,632,200.00 2,612,655.90 7.750000 % 1,668.70
B-1 1,069,400.00 1,061,459.71 7.750000 % 677.95
B-2 411,200.00 408,146.85 7.750000 % 260.68
B-3 823,585.68 817,470.53 7.750000 % 522.13
- -------------------------------------------------------------------------------
164,514,437.18 144,771,186.71 5,253,622.61
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 101,104.88 4,179,472.80 0.00 0.00 12,759,691.72
A-2 165,098.07 165,098.07 0.00 0.00 26,579,000.00
A-3 104,485.30 104,485.30 0.00 0.00 16,821,000.00
A-4 150,774.13 150,774.13 0.00 0.00 23,490,000.00
A-5 45,816.33 45,816.33 0.00 0.00 7,138,000.00
A-6 6,418.65 6,418.65 0.00 0.00 1,000,000.00
A-7 86,633.83 1,251,881.81 0.00 0.00 9,845,626.21
A-8 176,512.92 176,512.92 0.00 0.00 27,500,000.00
A-9 0.00 880.27 0.00 0.00 104,277.14
A-10 88,060.76 88,060.76 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 34,063.79 37,453.37 0.00 0.00 5,303,611.18
M-2 26,203.25 28,810.65 0.00 0.00 4,079,754.32
M-3 16,769.73 18,438.43 0.00 0.00 2,610,987.20
B-1 6,813.14 7,491.09 0.00 0.00 1,060,781.76
B-2 2,619.75 2,880.43 0.00 0.00 407,886.17
B-3 5,247.06 5,769.19 0.00 0.00 816,948.40
- -------------------------------------------------------------------------------
1,016,621.59 6,270,244.20 0.00 0.00 139,517,564.10
===============================================================================
Run: 04/26/98 12:23:40
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 524.403116 127.016348 3.148802 130.165150 0.000000 397.386768
A-2 1000.000000 0.000000 6.211598 6.211598 0.000000 1000.000000
A-3 1000.000000 0.000000 6.211599 6.211599 0.000000 1000.000000
A-4 1000.000000 0.000000 6.418652 6.418652 0.000000 1000.000000
A-5 1000.000000 0.000000 6.418651 6.418651 0.000000 1000.000000
A-6 1000.000000 0.000000 6.418650 6.418650 0.000000 1000.000000
A-7 716.201001 75.793416 5.635087 81.428503 0.000000 640.407585
A-8 1000.000000 0.000000 6.418652 6.418652 0.000000 1000.000000
A-9 979.561627 8.199885 0.000000 8.199885 0.000000 971.361742
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.575001 0.633957 6.370993 7.004950 0.000000 991.941044
M-2 992.575001 0.633957 6.370991 7.004948 0.000000 991.941044
M-3 992.574994 0.633956 6.370994 7.004950 0.000000 991.941038
B-1 992.575005 0.633954 6.370993 7.004947 0.000000 991.941051
B-2 992.575024 0.633949 6.370987 7.004936 0.000000 991.941075
B-3 992.574968 0.633960 6.370995 7.004955 0.000000 991.940993
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:23:41 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 29,533.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 34,937.26
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,697,859.06
(B) TWO MONTHLY PAYMENTS: 3 633,883.85
(C) THREE OR MORE MONTHLY PAYMENTS: 2 245,311.03
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 950,478.11
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 139,517,564.10
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,315
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,161,142.93
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.12270150 % 8.29636300 % 1.58093580 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.75709610 % 8.59701986 % 1.63945370 %
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 8.80667957
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.99
POOL TRADING FACTOR: 84.80566599
................................................................................
Run: 04/26/98 12:23:52 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FHK2 43,231,010.00 21,217,987.28 7.250000 % 5,131,024.83
A-2 76110FHL0 35,775,000.00 35,775,000.00 7.250000 % 0.00
A-3 76110FHM8 22,398,546.00 22,398,546.00 7.250000 % 0.00
A-4 76110FHN6 24,498,244.00 19,606,461.72 10.000000 % 1,140,227.61
A-5 76110FHP1 17,675,100.00 17,675,100.00 7.500000 % 0.00
A-6 76110FHQ9 7,150,100.00 7,150,100.00 7.750000 % 0.00
A-7 76110FHR7 52,000,000.00 52,000,000.00 7.750000 % 0.00
A-8 76110FHS5 155,284.33 153,386.06 0.000000 % 136.06
A-9 76110FHT3 0.00 0.00 0.744336 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,143,044.05 7.750000 % 8,619.29
M-2 76110FHW6 4,975,300.00 4,945,146.11 7.750000 % 5,967.16
M-3 76110FHX4 3,316,900.00 3,296,797.20 7.750000 % 3,978.15
B-1 1,216,200.00 1,208,828.96 7.750000 % 1,458.66
B-2 552,900.00 549,549.03 7.750000 % 663.12
B-3 995,114.30 989,083.22 7.750000 % 1,193.49
- -------------------------------------------------------------------------------
221,126,398.63 194,109,029.63 6,293,268.37
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 128,112.00 5,259,136.83 0.00 0.00 16,086,962.45
A-2 216,005.73 216,005.73 0.00 0.00 35,775,000.00
A-3 135,240.09 135,240.09 0.00 0.00 22,398,546.00
A-4 163,285.20 1,303,512.81 0.00 0.00 18,466,234.11
A-5 110,400.43 110,400.43 0.00 0.00 17,675,100.00
A-6 46,148.91 46,148.91 0.00 0.00 7,150,100.00
A-7 335,623.72 335,623.72 0.00 0.00 52,000,000.00
A-8 0.00 136.06 0.00 0.00 153,250.00
A-9 120,326.87 120,326.87 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,103.37 54,722.66 0.00 0.00 7,134,424.76
M-2 31,917.47 37,884.63 0.00 0.00 4,939,178.95
M-3 21,278.53 25,256.68 0.00 0.00 3,292,819.05
B-1 7,802.15 9,260.81 0.00 0.00 1,207,370.30
B-2 3,546.95 4,210.07 0.00 0.00 548,885.91
B-3 6,383.84 7,577.33 0.00 0.00 987,889.73
- -------------------------------------------------------------------------------
1,372,175.26 7,665,443.63 0.00 0.00 187,815,761.26
===============================================================================
Run: 04/26/98 12:23:52
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 490.804801 118.688525 2.963428 121.651953 0.000000 372.116276
A-2 1000.000000 0.000000 6.037896 6.037896 0.000000 1000.000000
A-3 1000.000000 0.000000 6.037896 6.037896 0.000000 1000.000000
A-4 800.321105 46.543238 6.665180 53.208418 0.000000 753.777867
A-5 1000.000000 0.000000 6.246099 6.246099 0.000000 1000.000000
A-6 1000.000000 0.000000 6.454303 6.454303 0.000000 1000.000000
A-7 1000.000000 0.000000 6.454302 6.454302 0.000000 1000.000000
A-8 987.775521 0.876199 0.000000 0.876199 0.000000 986.899322
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.939283 1.199356 6.415185 7.614541 0.000000 992.739927
M-2 993.939282 1.199357 6.415185 7.614542 0.000000 992.739925
M-3 993.939281 1.199358 6.415186 7.614544 0.000000 992.739923
B-1 993.939286 1.199359 6.415187 7.614546 0.000000 992.739928
B-2 993.939284 1.199349 6.415175 7.614524 0.000000 992.739935
B-3 993.939309 1.199360 6.415183 7.614543 0.000000 992.739958
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:23:53 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4247
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 39,907.54
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,677.42
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 2,925,787.35
(B) TWO MONTHLY PAYMENTS: 4 441,548.93
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,355,832.18
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 187,815,761.26
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,747
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,059,106.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 110,930.26
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.65123950 % 7.93221900 % 1.41654100 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.34939450 % 8.18164709 % 1.46227710 %
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 8.81568518
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.74
POOL TRADING FACTOR: 84.93592914
................................................................................
Run: 04/26/98 12:23:56 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 16,346,181.26 7.250000 % 4,285,155.95
A-2 76110FJA2 10,800,000.00 10,800,000.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 23,599,227.01 10.000000 % 1,606,933.47
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 340,158.57 329,924.04 0.000000 % 46,262.08
A-11 76110FJK0 0.00 0.00 0.628156 % 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 6,691,551.54 8.000000 % 4,099.77
M-2 76110FJP9 4,330,000.00 4,305,262.74 8.000000 % 2,637.74
M-3 76110FJQ7 2,886,000.00 2,869,512.31 8.000000 % 1,758.09
B-1 1,058,000.00 1,051,955.65 8.000000 % 644.51
B-2 481,000.00 478,252.05 8.000000 % 293.01
B-3 866,066.26 861,118.41 8.000000 % 527.59
- -------------------------------------------------------------------------------
192,360,424.83 168,945,076.01 5,948,312.21
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 98,544.85 4,383,700.80 0.00 0.00 12,061,025.31
A-2 65,109.05 65,109.05 0.00 0.00 10,800,000.00
A-3 196,235.42 1,803,168.89 0.00 0.00 21,992,293.54
A-4 144,686.78 144,686.78 0.00 0.00 24,000,000.00
A-5 71,047.79 71,047.79 0.00 0.00 11,785,091.00
A-6 120,692.06 120,692.06 0.00 0.00 18,143,000.00
A-7 31,711.35 31,711.35 0.00 0.00 4,767,000.00
A-8 26,765.19 26,765.19 0.00 0.00 0.00
A-9 258,730.11 258,730.11 0.00 0.00 42,917,000.00
A-10 0.00 46,262.08 0.00 0.00 283,661.96
A-11 88,245.50 88,245.50 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 44,513.98 48,613.75 0.00 0.00 6,687,451.77
M-2 28,639.75 31,277.49 0.00 0.00 4,302,625.00
M-3 19,088.76 20,846.85 0.00 0.00 2,867,754.22
B-1 6,997.89 7,642.40 0.00 0.00 1,051,311.14
B-2 3,181.46 3,474.47 0.00 0.00 477,959.04
B-3 5,728.39 6,255.98 0.00 0.00 860,590.82
- -------------------------------------------------------------------------------
1,209,918.33 7,158,230.54 0.00 0.00 162,996,763.80
===============================================================================
Run: 04/26/98 12:23:56
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-1 490.876314 128.683362 2.959305 131.642667 0.000000 362.192952
A-2 1000.000000 0.000000 6.028616 6.028616 0.000000 1000.000000
A-3 787.772430 53.641498 6.550590 60.192088 0.000000 734.130932
A-4 1000.000000 0.000000 6.028616 6.028616 0.000000 1000.000000
A-5 1000.000000 0.000000 6.028616 6.028616 0.000000 1000.000000
A-6 1000.000000 0.000000 6.652266 6.652266 0.000000 1000.000000
A-7 1000.000000 0.000000 6.652266 6.652266 0.000000 1000.000000
A-9 1000.000000 0.000000 6.028616 6.028616 0.000000 1000.000000
A-10 969.912473 136.001512 0.000000 136.001512 0.000000 833.910961
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.287004 0.609178 6.614262 7.223440 0.000000 993.677826
M-2 994.287007 0.609178 6.614261 7.223439 0.000000 993.677829
M-3 994.287010 0.609179 6.614262 7.223441 0.000000 993.677831
B-1 994.287004 0.609178 6.614263 7.223441 0.000000 993.677826
B-2 994.287006 0.609168 6.614262 7.223430 0.000000 993.677838
B-3 994.286984 0.609168 6.614263 7.223431 0.000000 993.677810
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:23:57 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 34,666.80
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 45,041.94
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 3,973,492.73
(B) TWO MONTHLY PAYMENTS: 10 1,004,402.99
(C) THREE OR MORE MONTHLY PAYMENTS: 1 87,781.10
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 693,648.56
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 162,996,763.80
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,558
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,844,756.04
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.35813060 % 8.22365400 % 1.41821540 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.01451520 % 8.50190560 % 1.46875760 %
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 8.94669843
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 344.88
POOL TRADING FACTOR: 84.73508204
................................................................................
Run: 04/26/98 12:24:00 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 34,194,885.85 7.500000 % 2,338,367.35
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 20,699,244.15 7.500000 % 66,381.66
A-6 76110FJW4 164,986.80 158,245.25 0.000000 % 21,012.54
A-7 76110FJX2 0.00 0.00 0.738347 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,582,321.35 7.500000 % 8,281.40
M-2 76110FKA0 1,061,700.00 1,032,870.17 7.500000 % 3,312.37
M-3 76110FKB8 690,100.00 671,360.74 7.500000 % 2,153.03
B-1 371,600.00 361,509.42 7.500000 % 1,159.35
B-2 159,300.00 154,974.29 7.500000 % 497.00
B-3 372,446.48 362,332.92 7.500000 % 1,161.99
- -------------------------------------------------------------------------------
106,172,633.28 96,692,744.14 2,442,326.69
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 213,559.78 2,551,927.13 0.00 0.00 31,856,518.50
A-2 97,946.17 97,946.17 0.00 0.00 15,683,000.00
A-3 117,075.74 117,075.74 0.00 0.00 18,746,000.00
A-4 12,778.03 12,778.03 0.00 0.00 2,046,000.00
A-5 129,274.48 195,656.14 0.00 0.00 20,632,862.49
A-6 0.00 21,012.54 0.00 0.00 137,232.71
A-7 59,449.95 59,449.95 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,127.56 24,408.96 0.00 0.00 2,574,039.95
M-2 6,450.66 9,763.03 0.00 0.00 1,029,557.80
M-3 4,192.89 6,345.92 0.00 0.00 669,207.71
B-1 2,257.76 3,417.11 0.00 0.00 360,350.07
B-2 967.87 1,464.87 0.00 0.00 154,477.29
B-3 2,262.90 3,424.89 0.00 0.00 361,170.93
- -------------------------------------------------------------------------------
662,343.79 3,104,670.48 0.00 0.00 94,250,417.45
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 796.229820 54.449014 4.972751 59.421765 0.000000 741.780806
A-2 1000.000000 0.000000 6.245372 6.245372 0.000000 1000.000000
A-3 1000.000000 0.000000 6.245372 6.245372 0.000000 1000.000000
A-4 1000.000000 0.000000 6.245371 6.245371 0.000000 1000.000000
A-5 972.845991 3.119879 6.075785 9.195664 0.000000 969.726112
A-6 959.138852 127.358916 0.000000 127.358916 0.000000 831.779936
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 972.845596 3.119876 6.075784 9.195660 0.000000 969.725720
M-2 972.845597 3.119874 6.075784 9.195658 0.000000 969.725723
M-3 972.845588 3.119881 6.075772 9.195653 0.000000 969.725706
B-1 972.845587 3.119887 6.075780 9.195667 0.000000 969.725700
B-2 972.845512 3.119900 6.075769 9.195669 0.000000 969.725612
B-3 972.845602 3.119884 6.075772 9.195656 0.000000 969.725717
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:24:04 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4249
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 19,961.61
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 22,065.23
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 1,667,703.49
(B) TWO MONTHLY PAYMENTS: 3 542,025.20
(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 94,250,417.45
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,207
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 2,132,252.83
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.64919900 % 4.44043600 % 0.91036540 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.52913660 % 4.53346051 % 0.93079230 %
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 8.55851794
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 163.19
POOL TRADING FACTOR: 88.77091444
................................................................................
Run: 04/26/98 12:24:13 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 67,458,313.37 7.500000 % 5,043,614.06
A-2 76110FKD4 20,984,000.00 20,984,000.00 7.500000 % 0.00
A-3 76110FKE2 11,000,000.00 11,000,000.00 7.500000 % 0.00
A-4 76110FKF9 4,000,000.00 4,000,000.00 7.500000 % 0.00
A-5 76110FKG7 17,500,000.00 17,500,000.00 7.750000 % 0.00
A-6 76110FKH5 17,500,000.00 17,500,000.00 7.250000 % 0.00
A-7 76110FKJ1 21,925,000.00 19,777,473.32 9.500000 % 720,516.30
A-8 76110FKP7 156,262.27 148,824.48 0.000000 % 121.26
A-9 76110FKQ5 0.00 0.00 0.777512 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,647,932.14 7.750000 % 4,063.43
M-2 76110FKM4 3,827,000.00 3,798,960.17 7.750000 % 2,322.05
M-3 76110FKN2 2,870,200.00 2,849,170.50 7.750000 % 1,741.50
B-1 1,052,400.00 1,044,689.24 7.750000 % 638.55
B-2 478,400.00 474,894.83 7.750000 % 290.27
B-3 861,188.35 854,878.56 7.750000 % 522.52
- -------------------------------------------------------------------------------
191,342,550.62 174,039,136.61 5,773,829.94
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 421,052.46 5,464,666.52 0.00 0.00 62,414,699.31
A-2 130,975.18 130,975.18 0.00 0.00 20,984,000.00
A-3 68,658.36 68,658.36 0.00 0.00 11,000,000.00
A-4 24,966.68 24,966.68 0.00 0.00 4,000,000.00
A-5 112,870.18 112,870.18 0.00 0.00 17,500,000.00
A-6 105,588.24 105,588.24 0.00 0.00 17,500,000.00
A-7 156,362.95 876,879.25 0.00 0.00 19,056,957.02
A-8 0.00 121.26 0.00 0.00 148,703.22
A-9 112,614.29 112,614.29 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,877.33 46,940.76 0.00 0.00 6,643,868.71
M-2 24,502.25 26,824.30 0.00 0.00 3,796,638.12
M-3 18,376.36 20,117.86 0.00 0.00 2,847,429.00
B-1 6,737.96 7,376.51 0.00 0.00 1,044,050.69
B-2 3,062.94 3,353.21 0.00 0.00 474,604.56
B-3 5,513.73 6,036.25 0.00 0.00 854,356.04
- -------------------------------------------------------------------------------
1,234,158.91 7,007,988.85 0.00 0.00 168,265,306.67
===============================================================================
Run: 04/26/98 12:24:13
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-1 817.765737 61.141386 5.104223 66.245609 0.000000 756.624351
A-2 1000.000000 0.000000 6.241669 6.241669 0.000000 1000.000000
A-3 1000.000000 0.000000 6.241669 6.241669 0.000000 1000.000000
A-4 1000.000000 0.000000 6.241670 6.241670 0.000000 1000.000000
A-5 1000.000000 0.000000 6.449725 6.449725 0.000000 1000.000000
A-6 1000.000000 0.000000 6.033614 6.033614 0.000000 1000.000000
A-7 902.051235 32.862773 7.131719 39.994492 0.000000 869.188462
A-8 952.401882 0.776003 0.000000 0.776003 0.000000 951.625879
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.673158 0.606754 6.402468 7.009222 0.000000 992.066404
M-2 992.673157 0.606755 6.402469 7.009224 0.000000 992.066402
M-3 992.673159 0.606752 6.402467 7.009219 0.000000 992.066407
B-1 992.673166 0.606756 6.402471 7.009227 0.000000 992.066410
B-2 992.673140 0.606752 6.402467 7.009219 0.000000 992.066388
B-3 992.673159 0.606755 6.402467 7.009222 0.000000 992.066416
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:24:13 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 35,712.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 32,550.33
MASTER SERVICER ADVANCES THIS MONTH 761.72
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,810,938.74
(B) TWO MONTHLY PAYMENTS: 3 273,500.61
(C) THREE OR MORE MONTHLY PAYMENTS: 1 62,829.79
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 1,146,993.44
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 168,265,306.67
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,550
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 97,503.44
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,667,427.87
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.98827000 % 7.64623600 % 1.36549450 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.68447330 % 7.89701460 % 1.41152700 %
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 8.84969386
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.48
POOL TRADING FACTOR: 87.93930369
................................................................................
Run: 04/26/98 12:24:15 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FKU6 13,399,900.00 8,336,987.84 7.000000 % 1,755,356.24
A-2 76110FKV4 20,850,000.00 13,533,627.61 7.000000 % 2,536,600.65
A-3 76110FKW2 16,320,750.00 13,844,873.08 10.000000 % 858,391.38
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 22,783,401.63 7.500000 % 1,114,520.04
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 26,264.45 0.000000 % 21.47
A-12 76110FLF8 0.00 0.00 0.880001 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,596,076.64 7.500000 % 4,747.15
M-2 76110FLJ0 4,361,000.00 4,341,041.83 7.500000 % 2,712.92
M-3 76110FLK7 3,270,500.00 3,255,532.52 7.500000 % 2,034.54
B-1 1,199,000.00 1,193,512.75 7.500000 % 745.88
B-2 545,000.00 542,505.82 7.500000 % 339.04
B-3 981,461.72 976,970.07 7.500000 % 610.55
- -------------------------------------------------------------------------------
218,029,470.88 199,877,108.24 6,276,079.86
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 48,528.99 1,803,885.23 0.00 0.00 6,581,631.60
A-2 78,778.25 2,615,378.90 0.00 0.00 10,997,026.96
A-3 115,128.55 973,519.93 0.00 0.00 12,986,481.70
A-4 114,675.41 114,675.41 0.00 0.00 19,700,543.00
A-5 127,350.95 127,350.95 0.00 0.00 21,419,142.00
A-6 38,122.13 38,122.13 0.00 0.00 6,323,320.00
A-7 99,453.21 99,453.21 0.00 0.00 16,496,308.00
A-8 142,093.40 1,256,613.44 0.00 0.00 21,668,881.59
A-9 30,663.81 30,663.81 0.00 0.00 5,000,001.00
A-10 339,944.18 339,944.18 0.00 0.00 54,507,000.00
A-11 0.00 21.47 0.00 0.00 26,242.98
A-12 146,264.94 146,264.94 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,374.50 52,121.65 0.00 0.00 7,591,329.49
M-2 27,073.80 29,786.72 0.00 0.00 4,338,328.91
M-3 20,303.80 22,338.34 0.00 0.00 3,253,497.98
B-1 7,443.58 8,189.46 0.00 0.00 1,192,766.87
B-2 3,383.45 3,722.49 0.00 0.00 542,166.78
B-3 6,093.07 6,703.62 0.00 0.00 976,359.52
- -------------------------------------------------------------------------------
1,392,676.02 7,668,755.88 0.00 0.00 193,601,028.38
===============================================================================
Run: 04/26/98 12:24:15
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 622.167915 130.997712 3.621593 134.619305 0.000000 491.170203
A-2 649.094849 121.659504 3.778333 125.437837 0.000000 527.435346
A-3 848.298827 52.595094 7.054121 59.649215 0.000000 795.703733
A-4 1000.000000 0.000000 5.820926 5.820926 0.000000 1000.000000
A-5 1000.000000 0.000000 5.945661 5.945661 0.000000 1000.000000
A-6 1000.000000 0.000000 6.028816 6.028816 0.000000 1000.000000
A-7 1000.000000 0.000000 6.028816 6.028816 0.000000 1000.000000
A-8 876.350876 42.869394 5.465544 48.334938 0.000000 833.481483
A-9 1000.000000 0.000000 6.132761 6.132761 0.000000 1000.000000
A-10 1000.000000 0.000000 6.236707 6.236707 0.000000 1000.000000
A-11 994.520462 0.812975 0.000000 0.812975 0.000000 993.707486
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.423488 0.622088 6.208164 6.830252 0.000000 994.801401
M-2 995.423488 0.622087 6.208163 6.830250 0.000000 994.801401
M-3 995.423489 0.622088 6.208164 6.830252 0.000000 994.801400
B-1 995.423478 0.622085 6.208157 6.830242 0.000000 994.801393
B-2 995.423523 0.622092 6.208165 6.830257 0.000000 994.801431
B-3 995.423510 0.622093 6.208159 6.830252 0.000000 994.801431
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:24:15 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 40,980.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 27,031.78
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 1,893,940.46
(B) TWO MONTHLY PAYMENTS: 1 63,798.29
(C) THREE OR MORE MONTHLY PAYMENTS: 3 191,736.41
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,397,490.38
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 193,601,028.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,727
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,151,163.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.04049840 % 7.60199500 % 1.35750670 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.75579520 % 7.84249779 % 1.40064380 %
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 8.70581930
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.84
POOL TRADING FACTOR: 88.79580710
................................................................................
Run: 04/26/98 12:24:29 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4263
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FLL5 53,750,000.00 39,723,933.13 6.750000 % 4,279,741.82
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 20,421,344.09 10.000000 % 778,134.86
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 0.994966 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,097,522.27 7.250000 % 5,257.77
M-2 76110FLX9 5,420,000.00 5,398,348.18 7.250000 % 3,505.18
M-3 76110FLY2 4,065,000.00 4,048,761.14 7.250000 % 2,628.89
B-1 1,490,500.00 1,484,545.74 7.250000 % 963.93
B-2 677,500.00 674,793.52 7.250000 % 438.15
B-3 1,219,925.82 1,215,052.45 7.250000 % 788.94
- -------------------------------------------------------------------------------
271,005,025.82 254,344,762.52 5,071,459.54
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 223,316.49 4,503,058.31 0.00 0.00 35,444,191.31
A-2 97,930.22 97,930.22 0.00 0.00 17,420,000.00
A-3 170,078.38 948,213.24 0.00 0.00 19,643,209.23
A-4 213,681.26 213,681.26 0.00 0.00 38,010,000.00
A-5 96,488.03 96,488.03 0.00 0.00 17,163,462.00
A-6 181,005.16 181,005.16 0.00 0.00 29,977,000.00
A-7 97,002.64 97,002.64 0.00 0.00 16,065,000.00
A-8 329,953.87 329,953.87 0.00 0.00 54,645,000.00
A-9 210,763.80 210,763.80 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,893.93 54,151.70 0.00 0.00 8,092,264.50
M-2 32,595.95 36,101.13 0.00 0.00 5,394,843.00
M-3 24,446.97 27,075.86 0.00 0.00 4,046,132.25
B-1 8,963.89 9,927.82 0.00 0.00 1,483,581.81
B-2 4,074.50 4,512.65 0.00 0.00 674,355.37
B-3 7,336.65 8,125.59 0.00 0.00 1,214,263.51
- -------------------------------------------------------------------------------
1,746,531.74 6,817,991.28 0.00 0.00 249,273,302.98
===============================================================================
Run: 04/26/98 12:24:29
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4263
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 739.049919 79.623104 4.154725 83.777829 0.000000 659.426815
A-2 1000.000000 0.000000 5.621712 5.621712 0.000000 1000.000000
A-3 888.984625 33.873869 7.403874 41.277743 0.000000 855.110756
A-4 1000.000000 0.000000 5.621712 5.621712 0.000000 1000.000000
A-5 1000.000000 0.000000 5.621711 5.621711 0.000000 1000.000000
A-6 1000.000000 0.000000 6.038135 6.038135 0.000000 1000.000000
A-7 1000.000000 0.000000 6.038135 6.038135 0.000000 1000.000000
A-8 1000.000000 0.000000 6.038135 6.038135 0.000000 1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.005199 0.646712 6.014014 6.660726 0.000000 995.358487
M-2 996.005199 0.646712 6.014013 6.660725 0.000000 995.358487
M-3 996.005200 0.646713 6.014015 6.660728 0.000000 995.358487
B-1 996.005193 0.646716 6.014015 6.660731 0.000000 995.358477
B-2 996.005196 0.646716 6.014022 6.660738 0.000000 995.358480
B-3 996.005192 0.646695 6.014013 6.660708 0.000000 995.358478
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:24:30 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4263
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 56,964.83
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 280.65
SUBSERVICER ADVANCES THIS MONTH 26,125.02
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 2,933,281.28
(B) TWO MONTHLY PAYMENTS: 3 143,810.89
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 372,539.82
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 249,273,302.98
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,339
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,906,311.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.77532770 % 6.89797200 % 1.32669990 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.61344590 % 7.03374150 % 1.35281260 %
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 8.59413431
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.79
POOL TRADING FACTOR: 91.98106280
................................................................................
Run: 04/26/98 12:24:32 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 199,969,492.00 183,351,725.44 7.250000 % 4,714,972.19
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 64,641,158.86 7.250000 % 41,916.90
A-5 7611OFMS9 76,250.57 75,931.82 0.000000 % 65.65
A-6 7611OFMT7 0.00 0.00 0.946038 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,557,042.28 7.250000 % 6,845.77
M-2 7611OFMW0 6,524,000.00 6,496,335.01 7.250000 % 4,212.58
M-3 7611OFMX8 4,893,000.00 4,872,251.25 7.250000 % 3,159.44
B-1 7611OFMY6 1,794,000.00 1,786,392.55 7.250000 % 1,158.40
B-2 7611OFMZ3 816,000.00 812,539.76 7.250000 % 526.90
B-3 7611OFNA7 1,468,094.11 1,461,868.69 7.250000 % 947.95
- -------------------------------------------------------------------------------
326,202,444.68 309,198,245.66 4,773,805.78
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,107,416.14 5,822,388.33 0.00 0.00 178,636,753.25
A-2 60,398.46 60,398.46 0.00 0.00 10,000,000.00
A-3 151,859.85 151,859.85 0.00 0.00 25,143,000.00
A-4 390,422.62 432,339.52 0.00 0.00 64,599,241.96
A-5 0.00 65.65 0.00 0.00 75,866.17
A-6 243,687.57 243,687.57 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,762.91 70,608.68 0.00 0.00 10,550,196.51
M-2 39,236.86 43,449.44 0.00 0.00 6,492,122.43
M-3 29,427.65 32,587.09 0.00 0.00 4,869,091.81
B-1 10,789.54 11,947.94 0.00 0.00 1,785,234.15
B-2 4,907.61 5,434.51 0.00 0.00 812,012.86
B-3 8,829.46 9,777.41 0.00 0.00 1,460,920.74
- -------------------------------------------------------------------------------
2,110,738.67 6,884,544.45 0.00 0.00 304,424,439.88
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 916.898491 23.578458 5.537925 29.116383 0.000000 893.320033
A-2 1000.000000 0.000000 6.039846 6.039846 0.000000 1000.000000
A-3 1000.000000 0.000000 6.039846 6.039846 0.000000 1000.000000
A-4 995.758411 0.645705 6.014227 6.659932 0.000000 995.112706
A-5 995.819703 0.860977 0.000000 0.860977 0.000000 994.958726
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.759506 0.645706 6.014234 6.659940 0.000000 995.113800
M-2 995.759505 0.645705 6.014234 6.659939 0.000000 995.113800
M-3 995.759503 0.645706 6.014235 6.659941 0.000000 995.113797
B-1 995.759504 0.645708 6.014236 6.659944 0.000000 995.113796
B-2 995.759510 0.645711 6.014228 6.659939 0.000000 995.113799
B-3 995.759523 0.645708 6.014233 6.659941 0.000000 995.113821
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:24:33 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS10 (POOL # 4264)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4264
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 64,233.09
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,584.26
SUBSERVICER ADVANCES THIS MONTH 38,564.52
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 3,800,418.91
(B) TWO MONTHLY PAYMENTS: 3 368,580.58
(C) THREE OR MORE MONTHLY PAYMENTS: 1 57,013.56
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 910,143.58
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 304,424,439.88
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,693
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,573,291.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.59347990 % 7.09286500 % 1.31365510 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.46715950 % 7.19765166 % 1.33339470 %
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 8.52430233
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.85
POOL TRADING FACTOR: 93.32377634
................................................................................
Run: 04/26/98 12:24:35 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS11 (POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4265
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 7611OFLZ4 99,650,000.00 93,610,241.76 7.000000 % 3,575,181.64
A-2 7611OFMD2 43,142.76 39,777.91 0.000000 % 230.28
A-3 7611OFME0 0.00 0.00 0.999145 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,996,435.22 7.000000 % 9,168.86
M-2 7611OFMH3 892,000.00 878,350.38 7.000000 % 2,687.68
M-3 7611OFMJ9 419,700.00 413,277.65 7.000000 % 1,264.60
B-1 7611OFMK6 367,000.00 361,384.07 7.000000 % 1,105.81
B-2 7611OFML4 262,400.00 258,384.68 7.000000 % 790.64
B-3 7611OFMM2 263,388.53 259,358.07 7.000000 % 793.61
- -------------------------------------------------------------------------------
104,940,731.29 98,817,209.74 3,591,223.12
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 545,677.71 4,120,859.35 0.00 0.00 90,035,060.12
A-2 0.00 230.28 0.00 0.00 39,547.63
A-3 82,219.73 82,219.73 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,466.98 26,635.84 0.00 0.00 2,987,266.36
M-2 5,120.13 7,807.81 0.00 0.00 875,662.70
M-3 2,409.10 3,673.70 0.00 0.00 412,013.05
B-1 2,106.60 3,212.41 0.00 0.00 360,278.26
B-2 1,506.19 2,296.83 0.00 0.00 257,594.04
B-3 1,511.86 2,305.47 0.00 0.00 258,564.46
- -------------------------------------------------------------------------------
658,018.30 4,249,241.42 0.00 0.00 95,225,986.62
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 939.390284 35.877387 5.475943 41.353330 0.000000 903.512896
A-2 922.006612 5.337628 0.000000 5.337628 0.000000 916.668985
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 984.697739 3.013099 5.740053 8.753152 0.000000 981.684640
M-2 984.697735 3.013094 5.740056 8.753150 0.000000 981.684641
M-3 984.697760 3.013105 5.740052 8.753157 0.000000 981.684656
B-1 984.697738 3.013106 5.740054 8.753160 0.000000 981.684632
B-2 984.697713 3.013110 5.740053 8.753163 0.000000 981.684604
B-3 984.697663 3.013115 5.740037 8.753152 0.000000 981.684586
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:24:36 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS11 (POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4265
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 20,324.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 4,628.13
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 8 462,569.66
(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 95,225,986.62
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,064
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 3,288,767.96
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.76885560 % 4.34113700 % 0.89000780 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.58811680 % 4.48925998 % 0.92075800 %
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 8.32850779
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 168.63
POOL TRADING FACTOR: 90.74263677
................................................................................
Run: 04/26/98 12:24:48 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 48,960,852.92 7.000000 % 5,315,078.58
A-2 76110FNC3 22,405,757.00 21,175,164.56 9.000000 % 759,296.94
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 59,169,926.39 7.250000 % 37,913.32
A-8 76110FNH2 0.00 0.00 0.899507 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,407,414.57 7.250000 % 6,668.58
M-2 76110FNL3 4,471,600.00 4,460,377.54 7.250000 % 2,858.00
M-3 76110FNM1 4,471,500.00 4,460,277.78 7.250000 % 2,857.94
B-1 76110FNN9 1,639,600.00 1,635,485.06 7.250000 % 1,047.94
B-2 76110FNP4 745,200.00 743,329.75 7.250000 % 476.29
B-3 76110FNQ2 1,341,561.05 1,338,194.11 7.250000 % 857.46
- -------------------------------------------------------------------------------
298,104,002.05 288,052,306.68 6,127,055.05
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 285,430.85 5,600,509.43 0.00 0.00 43,645,774.34
A-2 158,716.90 918,013.84 0.00 0.00 20,415,867.62
A-3 366,250.62 366,250.62 0.00 0.00 62,824,125.00
A-4 139,100.19 139,100.19 0.00 0.00 24,294,118.00
A-5 156,987.56 156,987.56 0.00 0.00 26,000,000.00
A-6 136,356.02 136,356.02 0.00 0.00 22,583,041.00
A-7 357,267.01 395,180.33 0.00 0.00 59,132,013.07
A-8 215,789.35 215,789.35 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,839.79 69,508.37 0.00 0.00 10,400,745.99
M-2 26,931.68 29,789.68 0.00 0.00 4,457,519.54
M-3 26,931.08 29,789.02 0.00 0.00 4,457,419.84
B-1 9,875.04 10,922.98 0.00 0.00 1,634,437.12
B-2 4,488.21 4,964.50 0.00 0.00 742,853.46
B-3 8,079.99 8,937.45 0.00 0.00 1,337,336.65
- -------------------------------------------------------------------------------
1,955,044.29 8,082,099.34 0.00 0.00 281,925,251.63
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 850.383898 92.315737 4.957548 97.273285 0.000000 758.068161
A-2 945.076953 33.888475 7.083755 40.972230 0.000000 911.188478
A-3 1000.000000 0.000000 5.829777 5.829777 0.000000 1000.000000
A-4 1000.000000 0.000000 5.725674 5.725674 0.000000 1000.000000
A-5 1000.000000 0.000000 6.037983 6.037983 0.000000 1000.000000
A-6 1000.000000 0.000000 6.037983 6.037983 0.000000 1000.000000
A-7 997.490279 0.639145 6.022829 6.661974 0.000000 996.851134
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.490279 0.639145 6.022829 6.661974 0.000000 996.851134
M-2 997.490281 0.639145 6.022829 6.661974 0.000000 996.851136
M-3 997.490278 0.639146 6.022829 6.661975 0.000000 996.851133
B-1 997.490278 0.639144 6.022835 6.661979 0.000000 996.851134
B-2 997.490271 0.639144 6.022826 6.661970 0.000000 996.851127
B-3 997.490282 0.639143 6.022827 6.661970 0.000000 996.851131
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:24:48 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 59,465.62
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,218.51
SUBSERVICER ADVANCES THIS MONTH 38,599.14
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 4,431,250.85
(B) TWO MONTHLY PAYMENTS: 4 347,533.12
(C) THREE OR MORE MONTHLY PAYMENTS: 1 206,734.03
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 211,874.84
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 281,925,251.63
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,539
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,942,484.60
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.99968950 % 6.70991700 % 1.29039370 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.83105720 % 6.85134987 % 1.31759290 %
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 8.47692740
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.31
POOL TRADING FACTOR: 94.57278322
................................................................................
Run: 04/26/98 12:24:56 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS13 (POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4277
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FNS8 31,499,000.00 30,279,576.23 7.250000 % 787,506.57
A-2 76110FNT6 30,750,000.00 27,555,030.93 7.250000 % 2,063,318.09
A-3 76110FNU3 40,799,000.00 40,799,000.00 7.250000 % 0.00
A-4 76110FNV1 6,745,000.00 6,745,000.00 7.250000 % 0.00
A-5 76110FNW9 4,235,415.00 4,235,415.00 7.250000 % 0.00
A-6 76110FNX7 10,499,000.00 10,499,000.00 7.250000 % 0.00
A-7 76110fNY5 62,999,000.00 62,885,603.71 7.250000 % 40,738.30
A-8 76110FNZ2 15,495,000.00 12,249,526.41 7.250000 % 2,095,934.02
A-9 76110FPA5 68,339,000.00 68,339,000.00 7.000000 % 0.00
A-10 76110fPB3 0.00 0.00 7.250000 % 0.00
A-11 76110FPC1 100,038,312.00 97,076,462.85 0.000000 % 1,901,890.26
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 5.250000 % 0.00
A-14 76110FPF4 0.00 0.00 9.250000 % 0.00
A-15 76110FPG2 26,249,000.00 25,232,819.98 7.000000 % 656,251.31
A-16 76110FPH0 2,386,273.00 2,293,892.99 10.000000 % 59,659.22
A-17 76110FPJ6 139,012.74 138,624.44 0.000000 % 124.50
A-18 76110FPK3 0.00 0.00 0.857144 % 0.00
R-I 76110FPL1 100.00 0.00 7.250000 % 0.00
R-II 76110FPM9 100.00 0.00 7.250000 % 0.00
M-1 76110FPN7 16,267,000.00 16,237,719.90 7.250000 % 10,519.05
M-2 76110FPP2 5,422,000.00 5,412,240.56 7.250000 % 3,506.14
M-3 76110FPQ0 6,507,000.00 6,495,287.59 7.250000 % 4,207.75
B-1 76110FPR8 2,386,000.00 2,381,705.27 7.250000 % 1,542.91
B-2 76110FPS6 1,085,000.00 1,083,047.04 7.250000 % 701.62
B-3 76110FPT4 1,952,210.06 1,948,696.13 7.250000 % 1,262.39
- -------------------------------------------------------------------------------
433,792,422.80 421,887,649.03 7,627,162.13
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 182,892.52 970,399.09 0.00 0.00 29,492,069.66
A-2 166,435.91 2,229,754.00 0.00 0.00 25,491,712.84
A-3 246,431.18 246,431.18 0.00 0.00 40,799,000.00
A-4 40,740.66 40,740.66 0.00 0.00 6,745,000.00
A-5 25,582.45 25,582.45 0.00 0.00 4,235,415.00
A-6 63,415.30 63,415.30 0.00 0.00 10,499,000.00
A-7 379,837.10 420,575.40 0.00 0.00 62,844,865.41
A-8 73,988.71 2,169,922.73 0.00 0.00 10,153,592.39
A-9 398,542.64 398,542.64 0.00 0.00 68,339,000.00
A-10 14,233.66 14,233.66 0.00 0.00 0.00
A-11 0.00 1,901,890.26 0.00 0.00 95,174,572.59
A-12 293,177.12 293,177.12 0.00 0.00 0.00
A-13 106,150.34 106,150.34 0.00 0.00 0.00
A-14 187,026.78 187,026.78 0.00 0.00 0.00
A-15 147,153.96 803,405.27 0.00 0.00 24,576,568.67
A-16 19,110.90 78,770.12 0.00 0.00 2,234,233.77
A-17 0.00 124.50 0.00 0.00 138,499.94
A-18 301,272.00 301,272.00 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 98,077.90 108,596.95 0.00 0.00 16,227,200.85
M-2 32,690.62 36,196.76 0.00 0.00 5,408,734.42
M-3 39,232.37 43,440.12 0.00 0.00 6,491,079.84
B-1 14,385.81 15,928.72 0.00 0.00 2,380,162.36
B-2 6,541.74 7,243.36 0.00 0.00 1,082,345.42
B-3 11,770.37 13,032.76 0.00 0.00 1,947,433.74
- -------------------------------------------------------------------------------
2,848,690.04 10,475,852.17 0.00 0.00 414,260,486.90
===============================================================================
Run: 04/26/98 12:24:56
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS13 (POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4277
_______________________________________________________________________________
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 961.286905 25.001002 5.806296 30.807298 0.000000 936.285903
A-2 896.098567 67.099775 5.412550 72.512325 0.000000 828.998792
A-3 1000.000000 0.000000 6.040128 6.040128 0.000000 1000.000000
A-4 1000.000000 0.000000 6.040128 6.040128 0.000000 1000.000000
A-5 1000.000000 0.000000 6.040128 6.040128 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040128 6.040128 0.000000 1000.000000
A-7 998.200030 0.646650 6.029256 6.675906 0.000000 997.553380
A-8 790.547042 135.265184 4.775005 140.040189 0.000000 655.281858
A-9 1000.000000 0.000000 5.831848 5.831848 0.000000 1000.000000
A-11 970.392852 19.011619 0.000000 19.011619 0.000000 951.381233
A-15 961.286905 25.001002 5.606079 30.607081 0.000000 936.285903
A-16 961.286906 25.001002 8.008681 33.009683 0.000000 936.285904
A-17 997.206731 0.895601 0.000000 0.895601 0.000000 996.311130
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.200031 0.646650 6.029256 6.675906 0.000000 997.553381
M-2 998.200030 0.646651 6.029255 6.675906 0.000000 997.553379
M-3 998.200029 0.646650 6.029256 6.675906 0.000000 997.553379
B-1 998.200029 0.646651 6.029258 6.675909 0.000000 997.553378
B-2 998.200037 0.646654 6.029253 6.675907 0.000000 997.553383
B-3 998.200025 0.646647 6.029254 6.675901 0.000000 997.553381
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:24:57 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS13 (POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4277
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 87,145.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 57,241.55
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 46 5,326,992.94
(B) TWO MONTHLY PAYMENTS: 6 788,435.49
(C) THREE OR MORE MONTHLY PAYMENTS: 3 913,048.63
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 647,473.34
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 414,260,486.91
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,541
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,353,833.54
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.04297000 % 6.67345900 % 1.28357110 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.90167200 % 6.78969296 % 1.30636420 %
BANKRUPTCY AMOUNT AVAILABLE 262,848.00
FRAUD AMOUNT AVAILABLE 8,675,848.46
SPECIAL HAZARD AMOUNT AVAILABLE 4,337,924.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.38386747
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.26
POOL TRADING FACTOR: 95.49740040
................................................................................
Run: 04/26/98 12:25:10 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS1 (POOL # 4281)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4281
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FPU1 64,326,000.00 61,529,424.95 7.000000 % 2,378,206.58
A-2 76110FPV9 117,395,000.00 114,335,574.16 7.000000 % 2,601,734.82
A-3 76110FPW7 51,380,000.00 51,380,000.00 7.000000 % 0.00
A-4 76110FPX5 1,862,000.00 1,862,000.00 7.000000 % 0.00
A-5 76110FPY3 65,040,000.00 65,040,000.00 7.000000 % 0.00
A-6 76110FPZ0 0.00 0.00 1.083317 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,337,027.25 7.000000 % 7,361.82
M-2 76110FQD8 4,054,000.00 4,048,831.30 7.000000 % 2,629.15
M-3 76110FQE6 4,865,000.00 4,858,797.30 7.000000 % 3,155.11
B-1 76110FQF3 1,783,800.00 1,781,525.72 7.000000 % 1,156.85
B-2 76110FQG1 810,800.00 809,766.26 7.000000 % 525.83
B-3 76110FQH9 1,459,579.11 1,457,718.20 7.000000 % 946.60
- -------------------------------------------------------------------------------
324,327,779.11 318,440,665.14 4,995,716.76
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 358,829.76 2,737,036.34 0.00 0.00 59,151,218.37
A-2 666,786.78 3,268,521.60 0.00 0.00 111,733,839.34
A-3 299,639.94 299,639.94 0.00 0.00 51,380,000.00
A-4 10,858.89 10,858.89 0.00 0.00 1,862,000.00
A-5 379,302.87 379,302.87 0.00 0.00 65,040,000.00
A-6 287,403.11 287,403.11 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 66,115.73 73,477.55 0.00 0.00 11,329,665.43
M-2 23,612.13 26,241.28 0.00 0.00 4,046,202.15
M-3 28,335.72 31,490.83 0.00 0.00 4,855,642.19
B-1 10,389.57 11,546.42 0.00 0.00 1,780,368.87
B-2 4,722.43 5,248.26 0.00 0.00 809,240.43
B-3 8,501.18 9,447.78 0.00 0.00 1,456,771.60
- -------------------------------------------------------------------------------
2,144,498.11 7,140,214.87 0.00 0.00 313,444,948.38
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 956.524966 36.971156 5.578301 42.549457 0.000000 919.553810
A-2 973.939045 22.162229 5.679857 27.842086 0.000000 951.776816
A-3 1000.000000 0.000000 5.831840 5.831840 0.000000 1000.000000
A-4 1000.000000 0.000000 5.831842 5.831842 0.000000 1000.000000
A-5 1000.000000 0.000000 5.831840 5.831840 0.000000 1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.725036 0.648533 5.824405 6.472938 0.000000 998.076504
M-2 998.725037 0.648532 5.824403 6.472935 0.000000 998.076505
M-3 998.725036 0.648532 5.824403 6.472935 0.000000 998.076504
B-1 998.725036 0.648531 5.824403 6.472934 0.000000 998.076505
B-2 998.725037 0.648532 5.824408 6.472940 0.000000 998.076505
B-3 998.725037 0.648536 5.824405 6.472941 0.000000 998.076491
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:25:11 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS1 (POOL # 4281)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4281
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 66,000.17
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 46,954.70
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 44 4,107,387.37
(B) TWO MONTHLY PAYMENTS: 13 2,160,350.79
(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 313,444,948.38
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,636
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,788,933.85
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.37105410 % 6.35743400 % 1.27151170 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.25449610 % 6.45456559 % 1.29093830 %
BANKRUPTCY AMOUNT AVAILABLE 218,111.00
FRAUD AMOUNT AVAILABLE 6,486,556.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,243,278.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.36294690
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.31
POOL TRADING FACTOR: 96.64449627
................................................................................
Run: 04/26/98 12:25:20 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS2 (POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4284
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FQJ5 20,000,000.00 19,781,513.67 6.750000 % 440,347.16
A-2 76110FQK2 158,282,400.00 156,553,272.93 6.500000 % 3,484,960.27
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 38,548,594.68 6.287500 % 685,765.84
A-5 76110FQN6 0.00 0.00 2.738275 % 0.00
A-6 76110FQP1 13,504,750.00 13,385,412.76 6.187500 % 240,517.62
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 138,576.94 0.000000 % 191.73
A-9 76110FQS5 0.00 0.00 0.986691 % 0.00
R-1 76110FQT3 100.00 0.00 7.000000 % 0.00
R-II 76110FQU0 100.00 0.00 7.000000 % 0.00
M-1 76110FQV8 17,350,800.00 17,339,583.66 7.000000 % 11,281.61
M-2 76110FQW6 5,422,000.00 5,418,494.98 7.000000 % 3,525.42
M-3 76110FQX4 5,422,000.00 5,418,494.98 7.000000 % 3,525.42
B-1 76110FQY2 2,385,700.00 2,384,157.78 7.000000 % 1,551.20
B-2 76110FQZ9 1,084,400.00 1,083,699.00 7.000000 % 705.08
B-3 76110FRA3 1,952,351.82 1,951,089.72 7.000000 % 1,269.37
- -------------------------------------------------------------------------------
433,770,084.51 431,340,791.10 4,873,640.72
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 111,228.14 551,575.30 0.00 0.00 19,341,166.51
A-2 847,670.20 4,332,630.47 0.00 0.00 153,068,312.66
A-3 464,356.04 464,356.04 0.00 0.00 82,584,000.00
A-4 201,900.76 887,666.60 0.00 0.00 37,862,828.84
A-5 118,462.34 118,462.34 0.00 0.00 0.00
A-6 68,991.94 309,509.56 0.00 0.00 13,144,895.14
A-7 505,869.46 505,869.46 0.00 0.00 86,753,900.00
A-8 0.00 191.73 0.00 0.00 138,385.21
A-9 354,530.07 354,530.07 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 101,108.60 112,390.21 0.00 0.00 17,328,302.05
M-2 31,595.71 35,121.13 0.00 0.00 5,414,969.56
M-3 31,595.71 35,121.13 0.00 0.00 5,414,969.56
B-1 13,902.23 15,453.43 0.00 0.00 2,382,606.58
B-2 6,319.14 7,024.22 0.00 0.00 1,082,993.92
B-3 11,376.98 12,646.35 0.00 0.00 1,949,820.29
- -------------------------------------------------------------------------------
2,868,907.32 7,742,548.04 0.00 0.00 426,467,150.32
===============================================================================
Run: 04/26/98 12:25:20
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS2 (POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4284
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 989.075684 22.017358 5.561407 27.578765 0.000000 967.058325
A-2 989.075683 22.017358 5.355429 27.372787 0.000000 967.058325
A-3 1000.000000 0.000000 5.622833 5.622833 0.000000 1000.000000
A-4 991.250569 17.633996 5.191739 22.825735 0.000000 973.616572
A-6 991.163314 17.809854 5.108717 22.918571 0.000000 973.353460
A-7 1000.000000 0.000000 5.831086 5.831086 0.000000 1000.000000
A-8 998.877337 1.382010 0.000000 1.382010 0.000000 997.495327
R-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.353555 0.650207 5.827316 6.477523 0.000000 998.703348
M-2 999.353556 0.650207 5.827316 6.477523 0.000000 998.703349
M-3 999.353556 0.650207 5.827316 6.477523 0.000000 998.703349
B-1 999.353557 0.650207 5.827317 6.477524 0.000000 998.703349
B-2 999.353560 0.650203 5.827315 6.477518 0.000000 998.703357
B-3 999.353549 0.650175 5.827321 6.477496 0.000000 998.703343
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:25:21 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS2 (POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4284
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 89,303.99
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 132,595.60
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 120 17,166,996.99
(B) TWO MONTHLY PAYMENTS: 6 789,044.62
(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 426,467,150.31
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,518
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,592,948.48
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.20887110 % 6.53442200 % 1.25670660 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.12493630 % 6.60267529 % 1.27024520 %
BANKRUPTCY AMOUNT AVAILABLE 234,815.00
FRAUD AMOUNT AVAILABLE 8,675,402.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,337,701.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.26187042
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.45
POOL TRADING FACTOR: 98.31640437
................................................................................
Run: 04/26/98 12:26:38 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS3 (POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4285
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FRB1 115,517,963.00 114,889,020.86 6.500000 % 1,103,210.35
A-2 76110FRC9 34,880,737.00 33,308,117.65 6.500000 % 2,251,649.06
A-3 76110FRD7 0.00 0.00 1.213500 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,915,244.00 6.500000 % 11,758.55
M-2 76110FRG0 785,100.00 782,749.70 6.500000 % 2,350.81
M-3 76110FRH8 707,000.00 704,883.50 6.500000 % 2,116.96
B-1 76110FRJ4 471,200.00 469,789.40 6.500000 % 1,410.91
B-2 76110FRK1 314,000.00 313,060.00 6.500000 % 940.20
B-3 76110FRL9 471,435.62 470,024.31 6.500000 % 1,411.61
- -------------------------------------------------------------------------------
157,074,535.62 154,852,889.42 3,374,848.45
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 621,877.84 1,725,088.19 0.00 0.00 113,785,810.51
A-2 180,292.08 2,431,941.14 0.00 0.00 31,056,468.59
A-3 156,481.74 156,481.74 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 21,192.65 32,951.20 0.00 0.00 3,903,485.45
M-2 4,236.91 6,587.72 0.00 0.00 780,398.89
M-3 3,815.43 5,932.39 0.00 0.00 702,766.54
B-1 2,542.90 3,953.81 0.00 0.00 468,378.49
B-2 1,694.55 2,634.75 0.00 0.00 312,119.80
B-3 2,544.18 3,955.79 0.00 0.00 468,612.70
- -------------------------------------------------------------------------------
994,678.28 4,369,526.73 0.00 0.00 151,478,040.97
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 994.555460 9.550119 5.383386 14.933505 0.000000 985.005341
A-2 954.914389 64.552795 5.168815 69.721610 0.000000 890.361594
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.006366 2.994283 5.396651 8.390934 0.000000 994.012083
M-2 997.006369 2.994281 5.396650 8.390931 0.000000 994.012088
M-3 997.006365 2.994286 5.396648 8.390934 0.000000 994.012079
B-1 997.006367 2.994291 5.396647 8.390938 0.000000 994.012076
B-2 997.006369 2.994268 5.396656 8.390924 0.000000 994.012102
B-3 997.006357 2.994279 5.396665 8.390944 0.000000 994.012077
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:38 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS3 (POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4285
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 31,992.62
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 29,065.16
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 2,474,823.33
(B) TWO MONTHLY PAYMENTS: 4 582,470.02
(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 151,478,040.97
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,562
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 2,909,782.95
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.70188780 % 3.48903900 % 0.80907350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.61932420 % 3.55606057 % 0.82461520 %
BANKRUPTCY AMOUNT AVAILABLE 1,000,000.00
FRAUD AMOUNT AVAILABLE 1,570,745.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,570,745.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.99196500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 173.55
POOL TRADING FACTOR: 96.43704524
................................................................................
Run: 04/26/98 12:26:40 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS4 (POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4290
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I- 76110FRM7 135,006,400.00 135,006,400.00 6.500000 % 1,686,392.00
A-I- 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I- 76110FRP0 41,218,155.00 41,218,155.00 6.093750 % 421,598.00
A-I- 76110FRQ8 0.00 0.00 2.906250 % 0.00
A-I- 76110FRR6 64,868,000.00 64,868,000.00 7.000000 % 0.00
A-II 76110FRS4 75,203,000.00 75,203,000.00 7.000000 % 64,494.93
A-V 76110FRU9 0.00 0.00 0.869802 % 0.00
R-I 76110FRV7 100.00 100.00 7.000000 % 100.00
R-II 76110FRW5 100.00 100.00 7.000000 % 100.00
M-1 76110FRX3 14,190,000.00 14,190,000.00 7.000000 % 16,569.99
M-2 76110FRY1 5,067,800.00 5,067,800.00 7.000000 % 5,917.79
M-3 76110FRZ8 5,067,800.00 5,067,800.00 7.000000 % 5,917.79
B-1 76110FSA2 2,230,000.00 2,230,000.00 7.000000 % 2,604.02
B-2 76110FSB0 1,216,400.00 1,216,400.00 7.000000 % 1,420.42
B-3 76110FSC8 1,621,792.30 1,621,792.30 7.000000 % 1,893.80
- -------------------------------------------------------------------------------
405,421,992.30 405,421,992.30 2,207,008.74
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 730,886.06 2,417,278.06 0.00 0.00 133,320,008.00
A-I-2 335,811.86 335,811.86 0.00 0.00 59,732,445.00
A-I-3 209,196.85 630,794.85 0.00 0.00 40,796,557.00
A-I-4 99,770.81 99,770.81 0.00 0.00 0.00
A-I-5 378,190.42 378,190.42 0.00 0.00 64,868,000.00
A-II 438,445.05 502,939.98 0.00 0.00 75,138,505.07
A-V 293,704.02 293,704.02 0.00 0.00 0.00
R-I 0.58 100.58 0.00 0.00 0.00
R-II 0.58 100.58 0.00 0.00 0.00
M-1 82,729.88 99,299.87 0.00 0.00 14,173,430.01
M-2 29,546.06 35,463.85 0.00 0.00 5,061,882.21
M-3 29,546.06 35,463.85 0.00 0.00 5,061,882.21
B-1 13,001.24 15,605.26 0.00 0.00 2,227,395.98
B-2 7,091.80 8,512.22 0.00 0.00 1,214,979.58
B-3 9,455.30 11,349.10 0.00 0.00 1,619,898.51
- -------------------------------------------------------------------------------
2,657,376.57 4,864,385.31 0.00 0.00 403,214,983.57
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I- 1000.000000 12.491200 5.413714 17.904914 0.000000 987.508800
A-I- 1000.000000 0.000000 5.621934 5.621934 0.000000 1000.000000
A-I- 1000.000000 10.228454 5.075357 15.303811 0.000000 989.771546
A-I- 1000.000000 0.000000 5.830154 5.830154 0.000000 1000.000000
A-II 1000.000000 0.857611 5.830154 6.687765 0.000000 999.142389
R-I 1000.000000 1000.00000 5.800000 1005.800000 0.000000 0.000000
R-II 1000.000000 1000.00000 5.800000 1005.800000 0.000000 0.000000
M-1 1000.000000 1.167723 5.830154 6.997877 0.000000 998.832277
M-2 1000.000000 1.167724 5.830155 6.997879 0.000000 998.832276
M-3 1000.000000 1.167724 5.830155 6.997879 0.000000 998.832276
B-1 1000.000000 1.167722 5.830152 6.997874 0.000000 998.832278
B-2 1000.000000 1.167724 5.830155 6.997879 0.000000 998.832276
B-3 1000.000000 1.167720 5.830155 6.997875 0.000000 998.832286
_______________________________________________________________________________
DETERMINATION DATE 20-April-98
DISTRIBUTION DATE 27-April-98
Run: 04/26/98 12:26:40 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS4 (POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4290
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 84,253.57
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 24,824.92
SUBSERVICER ADVANCES THIS MONTH 33,555.57
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 4,581,441.25
(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 403,214,983.57
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,368
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 1,733,588.33
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.74982790 % 6.00006900 % 1.25010300 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.71865640 % 6.02586596 % 1.25547770 %
BANKRUPTCY AMOUNT AVAILABLE 230,361.00
FRAUD AMOUNT AVAILABLE 8,108,440.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,054,220.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.19917600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.31
POOL TRADING FACTOR: 99.45562679
................................................................................
