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)
September 25, 1998
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in it's charter)
33-95932, 333-8733, 333-33493
333-48327 51-0368240
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the September 1998 distribution to holders of the following series of Conduit
Mortgage Pass-Through
<PAGE>
Certificates.
Master Serviced by Residential Funding Corporation
1995-QS1 RALI 1996-QS1 RALI 1996-QS2 RALI 1996-QS3 RALI 1996-QS4 RALI 1996-QS5
RALI 1996-QS7 RALI 1996-QS8 RALI 1997-QS1 RALI 1997-QS2 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-QS4 RALI 1998-QS5 RALI 1998-QS6 RALI
1998-QS8 RALI 1998-QS7 RALI 1998-QS10 RALI 1998-QS11 RALI 1998-QS9 RALI ->
Item 7. Financial Statements and Exhibits (a) Not applicable (b) Not applicable
(c) See Item 5.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities ExchangeAct of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: September 25, 1998
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities ExchangeAct of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By: /s/Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
Dated: September 25, 1998
<PAGE>
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-QS1(POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4180
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FAA1 54,500,000.00 0.00 6.600000 % 0.00
A-2 76110FAB9 82,500,000.00 4,203,004.30 6.900000 % 4,170,623.58
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
- -------------------------------------------------------------------------------
258,459,514.42 127,988,139.93 4,170,623.58
===============================================================================
_______________________________________________________________________________
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 24,167.27 4,194,790.85 0.00 0.00 32,380.72
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 166,967.15 166,967.15 0.00 0.00 2,303,786.52
- -------------------------------------------------------------------------------
946,544.84 5,117,168.42 0.00 0.00 123,795,167.24
===============================================================================
_______________________________________________________________________________
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 50.945507 50.553013 0.292937 50.845950 0.000000 0.392494
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 21-September-98
DISTRIBUTION DATE 25-September-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 25,974.26
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8.05
SUBSERVICER ADVANCES THIS MONTH 70,114.36
MASTER SERVICER ADVANCES THIS MONTH 8,996.93
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 61 3,814,552.95
(B) TWO MONTHLY PAYMENTS: 6 1,004,980.55
(C) THREE OR MORE MONTHLY PAYMENTS: 2 159,212.14
FORECLOSURES
NUMBER OF LOANS 24
AGGREGATE PRINCIPAL BALANCE 3,268,854.58
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 123,795,167.24
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,452
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 8
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,101,955.36
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,042,536.25
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.18253810 % 1.81746190 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.13903360 % 1.86096640 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.32931651
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 291.39
POOL TRADING FACTOR: 47.89731480
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS1(POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4194
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FAG8 52,015,000.00 0.00 6.000000 % 0.00
A-I-2 76110FAH6 67,186,000.00 8,762,531.81 6.250000 % 3,695,367.38
A-I-3 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
A-I-4 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I-5 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I-6 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I-7 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 11,903,241.20 5.771368 % 240,922.34
R 0.53 2,026,594.48 0.000000 % 25,967.86
- -------------------------------------------------------------------------------
255,942,104.53 130,058,503.49 3,962,257.58
===============================================================================
_______________________________________________________________________________
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 45,638.19 3,741,005.57 0.00 0.00 5,067,164.43
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 59,156.60 300,078.94 0.00 0.00 11,662,318.86
R 0.00 25,967.86 0.00 0.00 1,920,840.08
- -------------------------------------------------------------------------------
723,185.04 4,685,442.62 0.00 0.00 126,016,459.37
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 130.421990 55.002045 0.679281 55.681326 0.000000 75.419945
A-I-3 1000.000000 0.000000 5.625000 5.625000 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I-7 1000.000000 0.000000 5.583334 5.583334 0.000000 1000.000000
A-II 405.217163 8.201621 2.013844 10.215465 0.000000 397.015543
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4194
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 27,313.56
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 62,729.54
MASTER SERVICER ADVANCES THIS MONTH 16,712.47
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 2,969,226.48
(B) TWO MONTHLY PAYMENTS: 3 577,528.27
(C) THREE OR MORE MONTHLY PAYMENTS: 4 465,150.05
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 3,704,453.74
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 126,016,459.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,160
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 9
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 2,076,546.53
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,188,447.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.44178240 % 1.55821760 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.47572290 % 1.52427710 %
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 8.96012900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 301.42
POOL TRADING FACTOR: 49.23631444
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS2(POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4201
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FAS2 40,000,000.00 0.00 6.400000 % 0.00
A-2 76110FAT0 16,000,000.00 0.00 7.000000 % 0.00
A-3 76110FAU7 28,500,000.00 15,189,977.05 7.050000 % 3,038,578.64
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 178,007.00 131,517.14 0.000000 % 158.14
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 114,374,019.37 3,038,736.78
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 89,241.12 3,127,819.76 0.00 0.00 12,151,398.41
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 0.00 158.14 0.00 0.00 131,359.00
R 0.00 0.00 0.00 0.00 1,786,266.97
- -------------------------------------------------------------------------------
683,741.60 3,722,478.38 0.00 0.00 111,302,435.38
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 532.981651 106.616794 3.131267 109.748061 0.000000 426.364857
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-10 738.831282 0.888392 0.000000 0.888392 0.000000 737.942890
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-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 23,467.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 52,803.78
MASTER SERVICER ADVANCES THIS MONTH 3,310.25
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 2,238,888.45
(B) TWO MONTHLY PAYMENTS: 8 1,677,159.10
(C) THREE OR MORE MONTHLY PAYMENTS: 2 913,588.95
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 1,897,761.68
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 111,302,435.38
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,139
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 420,505.89
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,541,405.53
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.40950400 % 1.59049600 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.39512320 % 1.60487680 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78406751
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 306.95
POOL TRADING FACTOR: 61.18496387
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3(POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FBC6 42,855,000.00 0.00 6.780000 % 0.00
A-I-2 76110FBD4 26,000,000.00 0.00 7.150000 % 0.00
A-I-3 76110FBE2 10,596,000.00 3,904,439.75 7.290000 % 1,273,317.05
A-I-4 76110FBF9 25,000,000.00 6,930,417.40 7.250000 % 2,260,149.78
A-I-5 76110FBG7 18,587,000.00 18,587,000.00 7.460000 % 0.00
A-I-6 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I-7 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I-8 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I-9 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I-10 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I-11 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 14,767,828.60 7.750000 % 768,705.86
A-P 76110FBQ5 1,166,695.86 937,654.64 0.000000 % 3,236.38
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 12,206,099.75 7.750000 % 12,291.56
M-2 76110FBU6 5,568,000.00 5,424,716.70 7.750000 % 5,462.70
M-3 76110FBV4 4,176,000.00 4,068,537.53 7.750000 % 4,097.02
B-1 1,809,600.00 1,763,032.92 7.750000 % 1,775.38
B-2 696,000.00 678,089.58 7.750000 % 682.84
B-3 1,670,738.96 1,488,935.57 7.750000 % 1,499.36
A-V 76110FHYZ 0.00 0.00 0.693547 % 0.00
SPRED 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 177,956,314.44 4,331,217.93
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 0.00 0.00 0.00 0.00 0.00
A-I-3 23,712.04 1,297,029.09 0.00 0.00 2,631,122.70
A-I-4 41,858.15 2,302,007.93 0.00 0.00 4,670,267.62
A-I-5 115,512.98 115,512.98 0.00 0.00 18,587,000.00
A-I-6 140,076.11 140,076.11 0.00 0.00 21,696,000.00
A-I-7 51,953.93 51,953.93 0.00 0.00 8,047,000.00
A-I-8 112,572.23 112,572.23 0.00 0.00 17,436,000.00
A-I-9 162,343.92 162,343.92 0.00 0.00 25,145,000.00
A-I-10 122,669.89 122,669.89 0.00 0.00 19,000,000.00
A-I-11 102,497.55 102,497.55 0.00 0.00 15,875,562.00
A-II 95,345.68 864,051.54 0.00 0.00 13,999,122.74
A-P 0.00 3,236.38 0.00 0.00 934,418.26
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 78,806.37 91,097.93 0.00 0.00 12,193,808.19
M-2 35,023.66 40,486.36 0.00 0.00 5,419,254.00
M-3 26,267.74 30,364.76 0.00 0.00 4,064,440.51
B-1 11,382.68 13,158.06 0.00 0.00 1,761,257.54
B-2 4,377.96 5,060.80 0.00 0.00 677,406.74
B-3 9,613.03 11,112.39 0.00 0.00 1,486,139.58
A-V 102,818.74 102,818.74 0.00 0.00 0.00
SPRED 8,873.45 8,873.45 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,245,706.11 5,576,924.04 0.00 0.00 173,623,799.88
===============================================================================
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3(POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 368.482423 120.169597 2.237829 122.407426 0.000000 248.312826
A-I-4 277.216696 90.405991 1.674326 92.080317 0.000000 186.810705
A-I-5 1000.000000 0.000000 6.214719 6.214719 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.456310 6.456310 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.456310 6.456310 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.456311 6.456311 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.456310 6.456310 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.456310 6.456310 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.456310 6.456310 0.000000 1000.000000
A-II 718.578846 37.403994 4.639368 42.043362 0.000000 681.174852
A-P 803.683867 2.773974 0.000000 2.773974 0.000000 800.909893
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-1 974.266652 0.981088 6.290168 7.271256 0.000000 973.285564
M-2 974.266649 0.981088 6.290169 7.271257 0.000000 973.285560
M-3 974.266650 0.981087 6.290168 7.271255 0.000000 973.285563
B-1 974.266645 0.981090 6.290164 7.271254 0.000000 973.285555
B-2 974.266638 0.981092 6.290172 7.271264 0.000000 973.285546
B-3 891.183845 0.897423 5.753759 6.651182 0.000000 889.510342
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
SPRED 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:14:43 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 36,914.81
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 55,619.77
MASTER SERVICER ADVANCES THIS MONTH 190.85
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 3,765,508.73
(B) TWO MONTHLY PAYMENTS: 7 1,016,527.06
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 20
AGGREGATE PRINCIPAL BALANCE 1,986,886.41
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 173,623,799.88
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,721
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 23,046.20
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,143,607.16
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.07101770 % 12.19364100 % 2.20843980 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 85.17435970 % 12.48532904 % 2.27275340 %
BANKRUPTCY AMOUNT AVAILABLE 164,142.00
FRAUD AMOUNT AVAILABLE 1,819,704.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,939,378.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.73392100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 306.53
POOL TRADING FACTOR: 62.36381001
................................................................................
Run: 09/30/98 09:14:45 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4(POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FBW2 45,914,000.00 0.00 6.850000 % 0.00
A-I-2 76110FBX0 26,945,000.00 4,658,076.24 11.000000 % 767,780.02
A-I-3 76110FBY8 15,646,000.00 0.00 7.300000 % 0.00
A-I-4 76110FBZ5 32,740,000.00 21,935,117.48 7.500000 % 4,606,398.70
A-I-5 76110FCA9 10,023,000.00 10,023,000.00 7.700000 % 0.00
A-I-6 76110FCB7 26,811,000.00 26,811,000.00 8.000000 % 0.00
A-I-7 76110FCC5 18,046,000.00 18,046,000.00 8.000000 % 0.00
A-I-8 76110FCD3 9,094,000.00 9,094,000.00 8.000000 % 0.00
A-I-9 76110FCE1 10,284,000.00 10,284,000.00 8.000000 % 0.00
A-I-10 76110FCF8 27,538,000.00 27,538,000.00 7.900000 % 0.00
A-II-1 76110FCG6 16,021,000.00 7,280,271.27 7.250000 % 800,125.30
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,262,641.49 0.000000 % 34,641.30
A-V-1 0.00 0.00 0.946712 % 0.00
A-V-2 0.00 0.00 0.378990 % 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 12,911,683.13 8.000000 % 14,446.08
M-2 76110FCN1 5,570,800.00 5,436,559.79 8.000000 % 6,082.63
M-3 76110FCP6 4,456,600.00 4,349,208.81 8.000000 % 4,866.06
B-1 76110FCR2 2,228,400.00 2,174,702.00 8.000000 % 2,433.14
B-2 76110FCS0 696,400.00 679,618.76 8.000000 % 760.38
B-3 76110FCT8 1,671,255.97 1,110,329.65 8.000000 % 1,242.16
STRIP 0.00 0.00 0.140190 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 173,174,208.62 6,238,775.77
===============================================================================
_______________________________________________________________________________
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 42,607.68 810,387.70 0.00 0.00 3,890,296.22
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 136,801.17 4,743,199.87 0.00 0.00 17,328,718.78
A-I-5 64,176.65 64,176.65 0.00 0.00 10,023,000.00
A-I-6 178,357.59 178,357.59 0.00 0.00 26,811,000.00
A-I-7 120,049.28 120,049.28 0.00 0.00 18,046,000.00
A-I-8 60,496.96 60,496.96 0.00 0.00 9,094,000.00
A-I-9 68,413.32 68,413.32 0.00 0.00 10,284,000.00
A-I-10 180,903.96 180,903.96 0.00 0.00 27,538,000.00
A-II-1 43,890.86 844,016.16 0.00 0.00 6,480,145.97
A-II-2 54,580.48 54,580.48 0.00 0.00 8,580,000.00
A-P 0.00 34,641.30 0.00 0.00 2,228,000.19
A-V-1 90,230.60 90,230.60 0.00 0.00 0.00
A-V-2 18,454.41 18,454.41 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 85,893.73 100,339.81 0.00 0.00 12,897,237.05
M-2 36,166.19 42,248.82 0.00 0.00 5,430,477.16
M-3 28,932.70 33,798.76 0.00 0.00 4,344,342.75
B-1 14,466.99 16,900.13 0.00 0.00 2,172,268.86
B-2 4,521.10 5,281.48 0.00 0.00 678,858.38
B-3 7,386.36 8,628.52 0.00 0.00 1,098,238.93
STRIP 9,327.70 9,327.70 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,245,657.73 7,484,433.50 0.00 0.00 166,924,584.29
===============================================================================
Run: 09/30/98 09:14:45
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4(POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 172.873492 28.494341 1.581283 30.075624 0.000000 144.379151
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 669.979153 140.696356 4.178411 144.874767 0.000000 529.282797
A-I-5 1000.000000 0.000000 6.402938 6.402938 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.652403 6.652403 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.652404 6.652404 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.652404 6.652404 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.652404 6.652404 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.569248 6.569248 0.000000 1000.000000
A-II-1 454.420527 49.942282 2.739583 52.681865 0.000000 404.478245
A-II-2 1000.000000 0.000000 6.361361 6.361361 0.000000 1000.000000
A-P 744.378606 11.396520 0.000000 11.396520 0.000000 732.982086
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 975.902886 1.091877 6.492100 7.583977 0.000000 974.811009
M-2 975.902885 1.091877 6.492100 7.583977 0.000000 974.811007
M-3 975.902888 1.091877 6.492102 7.583979 0.000000 974.811011
B-1 975.902890 1.091878 6.492097 7.583975 0.000000 974.811012
B-2 975.902872 1.091872 6.492102 7.583974 0.000000 974.810999
B-3 664.368397 0.743249 4.419646 5.162895 0.000000 657.133884
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:14:47 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 35,431.77
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 62,572.24
MASTER SERVICER ADVANCES THIS MONTH 7,264.56
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 5,787,899.00
(B) TWO MONTHLY PAYMENTS: 9 458,493.76
(C) THREE OR MORE MONTHLY PAYMENTS: 2 360,678.06
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 945,758.73
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 166,924,584.29
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,804
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 872,246.60
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,048,835.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.29731440 % 13.10671600 % 2.28940000 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.83608060 % 13.58221562 % 2.39796480 %
BANKRUPTCY AMOUNT AVAILABLE 205,069.00
FRAUD AMOUNT AVAILABLE **,***,***.**
SPECIAL HAZARD AMOUNT AVAILABLE **,***,***.**
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.97528100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 299.71
POOL TRADING FACTOR: 59.92931175
................................................................................
Run: 09/30/98 09:14:49 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS5(POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4222
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FCU5 23,848,000.00 3,626,748.88 9.500000 % 726,735.67
A-I-2 76110FCV3 25,000,000.00 6,948,478.88 7.600000 % 898,188.32
A-I-3 76110FCW1 12,373,000.00 0.00 6.650000 % 0.00
A-I-4 76110FCX9 7,100,000.00 0.00 7.450000 % 0.00
A-I-5 76110FCY7 10,137,000.00 3,877,129.35 7.600000 % 1,827,566.23
A-I-6 76110FCZ4 5,558,000.00 5,558,000.00 7.800000 % 0.00
A-I-7 76110FDA8 16,926,000.00 16,926,000.00 8.000000 % 0.00
A-I-8 76110FDB6 6,884,000.00 6,884,000.00 8.000000 % 0.00
A-I-9 76110FDC4 11,229,000.00 11,229,000.00 8.000000 % 0.00
A-I-10 76110FDD2 22,501,000.00 22,501,000.00 8.000000 % 0.00
A-II-1 76110FDE0 11,162,000.00 5,728,786.86 8.000000 % 398,685.68
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 865,899.50 0.000000 % 1,297.15
A-V-1 0.00 0.00 1.023267 % 0.00
A-V-2 0.00 0.00 0.515493 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,744,107.12 8.000000 % 25,835.57
M-2 76110FDK6 3,958,800.00 3,871,613.49 8.000000 % 12,916.32
M-3 76110FDL4 2,815,100.00 2,753,101.73 8.000000 % 9,184.78
B-1 76110FDM2 1,407,600.00 1,376,599.76 8.000000 % 4,592.55
B-2 76110FDN0 439,800.00 430,114.08 8.000000 % 1,434.93
B-3 76110FDP5 1,055,748.52 996,048.26 8.000000 % 3,322.97
- -------------------------------------------------------------------------------
175,944,527.21 105,841,627.91 3,909,760.17
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 28,530.57 755,266.24 0.00 0.00 2,900,013.21
A-I-2 43,729.32 941,917.64 0.00 0.00 6,050,290.56
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 24,400.19 1,851,966.42 0.00 0.00 2,049,563.12
A-I-6 35,899.02 35,899.02 0.00 0.00 5,558,000.00
A-I-7 112,127.92 112,127.92 0.00 0.00 16,926,000.00
A-I-8 45,603.72 45,603.72 0.00 0.00 6,884,000.00
A-I-9 74,387.59 74,387.59 0.00 0.00 11,229,000.00
A-I-10 149,060.04 149,060.04 0.00 0.00 22,501,000.00
A-II-1 37,950.90 436,636.58 0.00 0.00 5,330,101.18
A-II-2 29,976.30 29,976.30 0.00 0.00 4,525,000.00
A-P 0.00 1,297.15 0.00 0.00 864,602.35
A-V-1 62,229.97 62,229.97 0.00 0.00 0.00
A-V-2 13,830.57 13,830.57 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 51,301.58 77,137.15 0.00 0.00 7,718,271.55
M-2 25,647.88 38,564.20 0.00 0.00 3,858,697.17
M-3 18,238.19 27,422.97 0.00 0.00 2,743,916.95
B-1 9,119.42 13,711.97 0.00 0.00 1,372,007.21
B-2 2,849.33 4,284.26 0.00 0.00 428,679.15
B-3 6,598.42 9,921.39 0.00 0.00 990,829.99
- -------------------------------------------------------------------------------
771,480.93 4,681,241.10 0.00 0.00 101,929,972.44
===============================================================================
Run: 09/30/98 09:14:49
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS5(POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4222
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 152.077695 30.473653 1.196351 31.670004 0.000000 121.604043
A-I-2 277.939155 35.927533 1.749173 37.676706 0.000000 242.011622
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 382.473054 180.286695 2.407043 182.693738 0.000000 202.186359
A-I-6 1000.000000 0.000000 6.458982 6.458982 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.624596 6.624596 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.624596 6.624596 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.624596 6.624596 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.624596 6.624596 0.000000 1000.000000
A-II-1 513.240177 35.718122 3.400009 39.118131 0.000000 477.522055
A-II-2 1000.000000 0.000000 6.624597 6.624597 0.000000 1000.000000
A-P 782.996822 1.172960 0.000000 1.172960 0.000000 781.823862
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 977.976526 3.262685 6.478699 9.741384 0.000000 974.713841
M-2 977.976531 3.262686 6.478701 9.741387 0.000000 974.713845
M-3 977.976530 3.262683 6.478701 9.741384 0.000000 974.713847
B-1 977.976527 3.262681 6.478701 9.741382 0.000000 974.713846
B-2 977.976535 3.262688 6.478695 9.741383 0.000000 974.713847
B-3 943.452196 3.147501 6.249992 9.397493 0.000000 938.509477
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:14:51 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 21,493.07
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 46,873.03
MASTER SERVICER ADVANCES THIS MONTH 3,002.49
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,721,529.51
(B) TWO MONTHLY PAYMENTS: 6 604,681.25
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,454,968.04
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 101,929,972.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,103
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 362,504.05
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,569,333.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 82.95804370 % 13.57577600 % 2.64807160 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.06798660 % 14.04972976 % 2.76208990 %
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 9.12429700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 304.14
POOL TRADING FACTOR: 57.93301676
................................................................................
Run: 09/30/98 09:14:54 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7(POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FDQ3 20,106,154.00 0.00 7.050000 % 0.00
A-I-2 76110FDR1 43,322,483.00 8,710,332.02 6.048440 % 1,550,728.29
A-I-3 76110FDS9 0.00 0.00 2.951560 % 0.00
A-I-4 76110FDT7 13,330,948.00 0.00 7.125000 % 0.00
A-I-5 76110FDU4 24,973,716.00 15,356,901.17 7.600000 % 3,876,821.00
A-I-6 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I-7 76110FDW0 1,000,000.00 1,000,000.00 7.700000 % 0.00
A-I-8 76110FDX8 9,539,699.00 9,539,699.00 7.700000 % 0.00
A-I-9 76110FDY6 22,526,000.00 22,526,000.00 8.000000 % 0.00
A-I-10 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I-11 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I-12 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 14,348,435.98 8.000000 % 485,278.97
A-P 76110FED1 601,147.92 435,708.85 0.000000 % 16,052.34
A-V-1 0.00 0.00 0.884754 % 0.00
A-V-2 0.00 0.00 0.543773 % 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 8,916,037.44 8.000000 % 16,974.91
M-2 76110FEH2 5,126,400.00 5,014,720.82 8.000000 % 9,547.34
M-3 76110FEJ8 3,645,500.00 3,566,082.36 8.000000 % 6,789.33
B-1 1,822,700.00 1,782,992.29 8.000000 % 3,394.57
B-2 569,600.00 557,191.22 8.000000 % 1,060.82
B-3 1,366,716.75 1,279,108.07 8.000000 % 2,435.25
- -------------------------------------------------------------------------------
227,839,864.67 143,723,209.22 5,969,082.82
===============================================================================
_______________________________________________________________________________
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 43,483.92 1,594,212.21 0.00 0.00 7,159,603.73
A-I-3 21,219.58 21,219.58 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 96,331.38 3,973,152.38 0.00 0.00 11,480,080.17
A-I-6 490.55 490.55 0.00 0.00 0.00
A-I-7 6,355.38 6,355.38 0.00 0.00 1,000,000.00
A-I-8 60,628.39 60,628.39 0.00 0.00 9,539,699.00
A-I-9 148,738.93 148,738.93 0.00 0.00 22,526,000.00
A-I-10 76,924.83 76,924.83 0.00 0.00 11,650,000.00
A-I-11 200,869.54 200,869.54 0.00 0.00 30,421,000.00
A-I-12 56,911.16 56,911.16 0.00 0.00 8,619,000.00
A-II 94,742.57 580,021.54 0.00 0.00 13,863,157.01
A-P 0.00 16,052.34 0.00 0.00 419,656.51
A-V-1 79,958.49 79,958.49 0.00 0.00 0.00
A-V-2 15,362.49 15,362.49 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 58,872.50 75,847.41 0.00 0.00 8,899,062.53
M-2 33,112.15 42,659.49 0.00 0.00 5,005,173.48
M-3 23,546.80 30,336.13 0.00 0.00 3,559,293.03
B-1 11,773.08 15,167.65 0.00 0.00 1,779,597.72
B-2 3,679.13 4,739.95 0.00 0.00 556,130.40
B-3 8,445.94 10,881.19 0.00 0.00 1,270,622.63
- -------------------------------------------------------------------------------
1,041,446.81 7,010,529.63 0.00 0.00 137,748,076.21
===============================================================================
Run: 09/30/98 09:14:54
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7(POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 201.058005 35.795000 1.003726 36.798726 0.000000 165.263005
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 614.922552 155.236049 3.857311 159.093360 0.000000 459.686503
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 1000.000000 0.000000 6.355380 6.355380 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.355378 6.355378 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.602989 6.602989 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.602990 6.602990 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.602989 6.602989 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.602989 6.602989 0.000000 1000.000000
A-II 713.710504 24.138429 4.712623 28.851052 0.000000 689.572076
A-P 724.794739 26.702815 0.000000 26.702815 0.000000 698.091925
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 978.214890 1.862387 6.459142 8.321529 0.000000 976.352504
M-2 978.214892 1.862387 6.459143 8.321530 0.000000 976.352505
M-3 978.214884 1.862387 6.459141 8.321528 0.000000 976.352498
B-1 978.214895 1.862385 6.459143 8.321528 0.000000 976.352510
B-2 978.214923 1.862395 6.459147 8.321542 0.000000 976.352528
B-3 935.898437 1.781825 6.179730 7.961555 0.000000 929.689807
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:14:55 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 29,158.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 43,557.39
MASTER SERVICER ADVANCES THIS MONTH 2,801.53
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 3,852,464.08
(B) TWO MONTHLY PAYMENTS: 5 632,681.71
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 940,412.78
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 137,748,076.21
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,465
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 354,218.87
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,697,175.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.00462020 % 12.17398400 % 2.51823740 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.65730560 % 12.67787509 % 2.62607750 %
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 9.10840300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 305.07
POOL TRADING FACTOR: 60.45828565
................................................................................
Run: 09/30/98 09:07:50 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 1,761,403.51 7.400000 % 154,132.36
A-2 76110FEL3 4,074,824.00 0.00 7.300000 % 0.00
A-3 76110FEM1 13,128,206.00 11,633,841.00 7.050000 % 1,305,255.15
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 4,592,411.44 7.400000 % 629,418.75
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 16,114,885.14 6.148440 % 1,228,497.71
A-8 76110FES8 0.00 0.00 2.851560 % 0.00
A-9 76110FET6 32,965,000.00 287,742.26 0.000000 % 287,742.26
A-10 76110FEU3 20,953,719.00 20,202,521.84 7.400000 % 705,689.02
A-11 76110FEV1 13,975,000.00 13,975,000.00 7.750000 % 0.00
A-12 76110FEW9 2,000,000.00 2,000,000.00 7.750000 % 0.00
A-13 76110FEX7 20,646,958.00 20,646,958.00 7.750000 % 0.00
A-14 76110FEY5 115,824.70 94,119.05 0.000000 % 8,415.38
A-15-1 0.00 0.00 0.979529 % 0.00
A-15-2 0.00 0.00 0.569842 % 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 6,438,176.20 7.750000 % 5,087.74
M-2 76110FFC2 4,440,700.00 4,292,149.70 7.750000 % 3,391.85
M-3 76110FFD0 3,108,500.00 3,004,514.45 7.750000 % 2,374.30
B-1 1,509,500.00 1,459,004.20 7.750000 % 1,152.97
B-2 444,000.00 429,147.32 7.750000 % 339.13
B-3 1,154,562.90 1,059,095.15 7.750000 % 836.80
- -------------------------------------------------------------------------------
177,623,205.60 114,356,617.26 4,332,333.42
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 10,833.61 164,965.97 0.00 0.00 1,607,271.15
A-2 0.00 0.00 0.00 0.00 0.00
A-3 68,170.24 1,373,425.39 0.00 0.00 10,328,585.85
A-4 22,844.81 22,844.81 0.00 0.00 3,765,148.00
A-5 28,245.88 657,664.63 0.00 0.00 3,962,992.69
A-6 15,994.52 15,994.52 0.00 0.00 2,600,500.00
A-7 82,352.11 1,310,849.82 0.00 0.00 14,886,387.43
A-8 38,193.75 38,193.75 0.00 0.00 0.00
A-9 1,769.77 289,512.03 0.00 0.00 0.00
A-10 124,256.72 829,945.74 0.00 0.00 19,496,832.82
A-11 90,019.39 90,019.39 0.00 0.00 13,975,000.00
A-12 12,882.92 12,882.92 0.00 0.00 2,000,000.00
A-13 132,996.54 132,996.54 0.00 0.00 20,646,958.00
A-14 0.00 8,415.38 0.00 0.00 85,703.67
A-15-1 72,804.21 72,804.21 0.00 0.00 0.00
A-15-2 11,808.53 11,808.53 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 41,471.25 46,558.99 0.00 0.00 6,433,088.46
M-2 27,647.70 31,039.55 0.00 0.00 4,288,757.85
M-3 19,353.46 21,727.76 0.00 0.00 3,002,140.15
B-1 9,398.12 10,551.09 0.00 0.00 1,457,851.23
B-2 2,764.34 3,103.47 0.00 0.00 428,808.19
B-3 6,822.12 7,658.92 0.00 0.00 1,057,658.21
- -------------------------------------------------------------------------------
820,629.99 5,152,963.41 0.00 0.00 110,023,683.70
===============================================================================
Run: 09/30/98 09:07:50
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-1 440.350878 38.533089 2.708403 41.241492 0.000000 401.817788
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 886.171424 99.423726 5.192655 104.616381 0.000000 786.747698
A-4 1000.000000 0.000000 6.067440 6.067440 0.000000 1000.000000
A-5 437.372518 59.944643 2.690084 62.634727 0.000000 377.427875
A-6 1000.000000 0.000000 6.150556 6.150556 0.000000 1000.000000
A-7 510.294748 38.901669 2.607766 41.509435 0.000000 471.393079
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 8.728720 8.728720 0.053686 8.782406 0.000000 0.000000
A-10 964.149698 33.678462 5.930056 39.608518 0.000000 930.471236
A-11 1000.000000 0.000000 6.441459 6.441459 0.000000 1000.000000
A-12 1000.000000 0.000000 6.441460 6.441460 0.000000 1000.000000
A-13 1000.000000 0.000000 6.441459 6.441459 0.000000 1000.000000
A-14 812.599126 72.656178 0.000000 72.656178 0.000000 739.942948
A-15-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-15-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 966.547996 0.763810 6.225980 6.989790 0.000000 965.784186
M-2 966.547999 0.763810 6.225978 6.989788 0.000000 965.784189
M-3 966.547997 0.763809 6.225980 6.989789 0.000000 965.784189
B-1 966.547996 0.763809 6.225982 6.989791 0.000000 965.784187
B-2 966.548018 0.763806 6.225991 6.989797 0.000000 965.784212
B-3 917.312647 0.724776 5.908834 6.633610 0.000000 916.068072
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:07:52 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 23,386.96
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 37,672.19
MASTER SERVICER ADVANCES THIS MONTH 1,979.77
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,288,238.46
(B) TWO MONTHLY PAYMENTS: 9 562,732.91
(C) THREE OR MORE MONTHLY PAYMENTS: 2 176,622.84
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 753,206.05
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 110,023,683.70
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,141
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 246,190.87
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,242,522.59
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.40020800 % 12.02042700 % 2.57936480 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.83844790 % 12.47366567 % 2.67816240 %
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 8.96433221
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 327.43
POOL TRADING FACTOR: 61.94217885
................................................................................
Run: 09/30/98 09:08:17 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1(POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4237
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FFE8 33,258,000.00 0.00 6.750000 % 0.00
A-2 76110FFF5 10,146,000.00 0.00 6.750000 % 0.00
A-3 76110FFG3 24,816,000.00 10,870,215.20 6.750000 % 3,141,629.53
A-4 76110FFH1 15,938,000.00 15,938,000.00 6.750000 % 0.00
A-5 76110FFJ7 10,253,000.00 9,292,226.78 6.750000 % 739,206.97
A-6 76110FFK4 31,511,646.00 19,016,526.85 11.000000 % 831,607.80
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 212,947.62 164,027.15 0.000000 % 6,921.57
A-13-1 0.00 0.00 1.023889 % 0.00
A-13-2 0.00 0.00 0.677310 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,249,770.30 7.500000 % 6,575.35
M-2 76110FFW8 6,251,000.00 6,166,184.73 7.500000 % 4,383.33
M-3 76110FFW8 4,375,700.00 4,316,329.30 7.500000 % 3,068.33
B-1 1,624,900.00 1,602,852.91 7.500000 % 1,139.41
B-2 624,800.00 616,322.55 7.500000 % 438.12
B-3 1,500,282.64 1,471,659.97 7.500000 % 1,046.15
- -------------------------------------------------------------------------------
250,038,730.26 178,853,469.74 4,736,016.56
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 61,123.44 3,202,752.97 0.00 0.00 7,728,585.67
A-4 89,619.70 89,619.70 0.00 0.00 15,938,000.00
A-5 52,250.38 791,457.35 0.00 0.00 8,553,019.81
A-6 174,256.81 1,005,864.61 0.00 0.00 18,184,919.05
A-7 99,257.55 99,257.55 0.00 0.00 17,652,000.00
A-8 31,801.49 31,801.49 0.00 0.00 5,655,589.00
A-9 107,219.75 107,219.75 0.00 0.00 19,068,000.00
A-10 57,735.85 57,735.85 0.00 0.00 10,267,765.00
A-11 296,808.00 296,808.00 0.00 0.00 47,506,000.00
A-12 0.00 6,921.57 0.00 0.00 157,105.58
A-13-1 118,183.28 118,183.28 0.00 0.00 0.00
A-13-2 22,734.78 22,734.78 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,790.71 64,366.06 0.00 0.00 9,243,194.95
M-2 38,525.09 42,908.42 0.00 0.00 6,161,801.40
M-3 26,967.57 30,035.90 0.00 0.00 4,313,260.97
B-1 10,014.30 11,153.71 0.00 0.00 1,601,713.50
B-2 3,850.66 4,288.78 0.00 0.00 615,884.43
B-3 9,194.63 10,240.78 0.00 0.00 1,404,800.06
- -------------------------------------------------------------------------------
1,257,333.99 5,993,350.55 0.00 0.00 174,051,639.42
===============================================================================
Run: 09/30/98 09:08:17
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1(POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4237
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 438.032527 126.596935 2.463066 129.060001 0.000000 311.435593
A-4 1000.000000 0.000000 5.623020 5.623020 0.000000 1000.000000
A-5 906.293454 72.096652 5.096107 77.192759 0.000000 834.196802
A-6 603.476151 26.390491 5.529918 31.920409 0.000000 577.085661
A-7 1000.000000 0.000000 5.623020 5.623020 0.000000 1000.000000
A-8 1000.000000 0.000000 5.623020 5.623020 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623020 5.623020 0.000000 1000.000000
A-10 1000.000000 0.000000 5.623020 5.623020 0.000000 1000.000000
A-11 1000.000000 0.000000 6.247800 6.247800 0.000000 1000.000000
A-12 770.269938 32.503627 0.000000 32.503627 0.000000 737.766311
A-13-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-13-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 986.431727 0.701221 6.163028 6.864249 0.000000 985.730506
M-2 986.431728 0.701221 6.163028 6.864249 0.000000 985.730507
M-3 986.431725 0.701220 6.163030 6.864250 0.000000 985.730505
B-1 986.431725 0.701219 6.163025 6.864244 0.000000 985.730507
B-2 986.431738 0.701216 6.163028 6.864244 0.000000 985.730522
B-3 980.921815 0.697302 6.128599 6.825901 0.000000 936.356939
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:08:19 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 37,076.02
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,703.22
MASTER SERVICER ADVANCES THIS MONTH 1,300.54
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,456,533.02
(B) TWO MONTHLY PAYMENTS: 4 469,455.24
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 792,189.99
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 174,051,639.42
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,719
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 164,026.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,562,612.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.89171590 % 11.04278100 % 2.06550280 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.57769470 % 11.32896960 % 2.08310050 %
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 8.76775061
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.47
POOL TRADING FACTOR: 69.60987173
................................................................................
Run: 09/30/98 09:08:35 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 17,351,100.25 9.000000 % 886,068.25
A-2 76110FFZ1 37,000,000.00 7,335,768.13 7.250000 % 1,910,564.55
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 5,270,555.31 7.250000 % 304,606.21
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 130,561.76 113,715.65 0.000000 % 102.29
A-10-1 0.00 0.00 0.796464 % 0.00
A-10-2 0.00 0.00 0.500821 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,871,667.19 7.750000 % 3,439.33
M-2 76110FGL1 4,109,600.00 4,059,656.80 7.750000 % 2,866.06
M-3 76110FGM9 2,630,200.00 2,598,235.67 7.750000 % 1,834.32
B-1 1,068,500.00 1,055,514.71 7.750000 % 745.18
B-2 410,900.00 405,906.41 7.750000 % 286.56
B-3 821,738.81 809,684.87 7.750000 % 571.63
- -------------------------------------------------------------------------------
164,383,983.57 116,044,017.99 3,111,084.38
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 130,078.78 1,016,147.03 0.00 0.00 16,465,032.00
A-2 44,301.72 1,954,866.27 0.00 0.00 5,425,203.58
A-3 31,403.52 31,403.52 0.00 0.00 5,200,000.00
A-4 109,912.30 109,912.30 0.00 0.00 18,200,000.00
A-5 31,829.61 336,435.82 0.00 0.00 4,965,949.10
A-6 44,517.08 44,517.08 0.00 0.00 7,371,430.00
A-7 67,143.60 67,143.60 0.00 0.00 10,400,783.00
A-8 200,124.52 200,124.52 0.00 0.00 31,000,000.00
A-9 0.00 102.29 0.00 0.00 113,613.36
A-10-1 58,619.12 58,619.12 0.00 0.00 0.00
A-10-2 11,550.77 11,550.77 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,449.68 34,889.01 0.00 0.00 4,868,227.86
M-2 26,207.65 29,073.71 0.00 0.00 4,056,790.74
M-3 16,773.25 18,607.57 0.00 0.00 2,596,401.35
B-1 6,814.02 7,559.20 0.00 0.00 1,054,769.53
B-2 2,620.38 2,906.94 0.00 0.00 405,619.85
B-3 5,227.02 5,798.65 0.00 0.00 808,942.18
- -------------------------------------------------------------------------------
818,573.02 3,929,657.40 0.00 0.00 112,932,762.55
===============================================================================
Run: 09/30/98 09:08:35
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-1 557.759494 28.483092 4.181445 32.664537 0.000000 529.276402
A-2 198.264004 51.636880 1.197344 52.834224 0.000000 146.627124
A-3 1000.000000 0.000000 6.039138 6.039138 0.000000 1000.000000
A-4 1000.000000 0.000000 6.039137 6.039137 0.000000 1000.000000
A-5 527.055531 30.460621 3.182961 33.643582 0.000000 496.594910
A-6 1000.000000 0.000000 6.039138 6.039138 0.000000 1000.000000
A-7 1000.000000 0.000000 6.455629 6.455629 0.000000 1000.000000
A-8 1000.000000 0.000000 6.455630 6.455630 0.000000 1000.000000
A-9 870.972098 0.783461 0.000000 0.783461 0.000000 870.188637
A-10-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-10-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 987.847188 0.697407 6.377176 7.074583 0.000000 987.149781
M-2 987.847187 0.697406 6.377178 7.074584 0.000000 987.149781
M-3 987.847187 0.697407 6.377177 7.074584 0.000000 987.149780
B-1 987.847178 0.697408 6.377183 7.074591 0.000000 987.149771
B-2 987.847189 0.697396 6.377172 7.074568 0.000000 987.149793
B-3 985.331178 0.695635 6.360926 7.056561 0.000000 984.427375
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:08:39 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS2 (POOL # 4240)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4240
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 23,944.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 28,563.32
MASTER SERVICER ADVANCES THIS MONTH 261.87
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 2,460,853.01
(B) TWO MONTHLY PAYMENTS: 3 337,698.64
(C) THREE OR MORE MONTHLY PAYMENTS: 1 70,646.15
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 762,831.02
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 112,932,762.55
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,162
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 32,918.75
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,029,313.18
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.09572190 % 9.94525100 % 1.95902710 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.77623160 % 10.20201728 % 2.01147730 %
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 8.79799707
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.81
POOL TRADING FACTOR: 68.70058755
................................................................................
Run: 09/30/98 09:08:50 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 93,095.97 7.250000 % 93,095.97
A-2 76110FGT4 26,579,000.00 26,579,000.00 7.500000 % 4,220,309.00
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 6,226,598.85 9.500000 % 629,500.13
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 94,436.49 0.000000 % 677.40
A-10-1 0.00 0.00 0.808499 % 0.00
A-10-2 0.00 0.00 0.501716 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,289,665.96 7.750000 % 3,558.11
M-2 76110FHE6 4,112,900.00 4,069,027.09 7.750000 % 2,737.05
M-3 76110FHF3 2,632,200.00 2,604,121.91 7.750000 % 1,751.67
B-1 1,069,400.00 1,057,992.56 7.750000 % 711.66
B-2 411,200.00 406,813.68 7.750000 % 273.64
B-3 823,585.68 814,800.34 7.750000 % 548.09
- -------------------------------------------------------------------------------
164,514,437.18 123,184,552.85 4,953,162.72
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 558.82 93,654.79 0.00 0.00 0.00
A-2 165,047.47 4,385,356.47 0.00 0.00 22,358,691.00
A-3 104,453.27 104,453.27 0.00 0.00 16,821,000.00
A-4 150,727.92 150,727.92 0.00 0.00 23,490,000.00
A-5 45,802.29 45,802.29 0.00 0.00 7,138,000.00
A-6 6,416.68 6,416.68 0.00 0.00 1,000,000.00
A-7 48,976.02 678,476.15 0.00 0.00 5,597,098.72
A-8 176,458.83 176,458.83 0.00 0.00 27,500,000.00
A-9 0.00 677.40 0.00 0.00 93,759.09
A-10-1 61,285.50 61,285.50 0.00 0.00 0.00
A-10-2 13,140.04 13,140.04 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 33,942.12 37,500.23 0.00 0.00 5,286,107.85
M-2 26,109.66 28,846.71 0.00 0.00 4,066,290.04
M-3 16,709.83 18,461.50 0.00 0.00 2,602,370.24
B-1 6,788.81 7,500.47 0.00 0.00 1,057,280.90
B-2 2,610.40 2,884.04 0.00 0.00 406,540.04
B-3 5,228.31 5,776.40 0.00 0.00 814,252.25
- -------------------------------------------------------------------------------
864,255.97 5,817,418.69 0.00 0.00 118,231,390.13
===============================================================================
Run: 09/30/98 09:08:50
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 2.899373 2.899373 0.017404 2.916777 0.000000 0.000000
A-2 1000.000000 158.783589 6.209694 164.993283 0.000000 841.216412
A-3 1000.000000 0.000000 6.209694 6.209694 0.000000 1000.000000
A-4 1000.000000 0.000000 6.416685 6.416685 0.000000 1000.000000
A-5 1000.000000 0.000000 6.416684 6.416684 0.000000 1000.000000
A-6 1000.000000 0.000000 6.416680 6.416680 0.000000 1000.000000
A-7 405.008381 40.945761 3.185639 44.131400 0.000000 364.062620
A-8 1000.000000 0.000000 6.416685 6.416685 0.000000 1000.000000
A-9 879.694182 6.310112 0.000000 6.310112 0.000000 873.384070
A-10-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-10-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 989.332852 0.665478 6.348237 7.013715 0.000000 988.667374
M-2 989.332853 0.665479 6.348236 7.013715 0.000000 988.667373
M-3 989.332843 0.665478 6.348237 7.013715 0.000000 988.667366
B-1 989.332860 0.665476 6.348242 7.013718 0.000000 988.667384
B-2 989.332879 0.665467 6.348249 7.013716 0.000000 988.667413
B-3 989.332816 0.665480 6.348228 7.013708 0.000000 988.667329
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:08:53 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 25,082.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 42,907.11
MASTER SERVICER ADVANCES THIS MONTH 1,328.68
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 2,683,999.36
(B) TWO MONTHLY PAYMENTS: 6 728,146.32
(C) THREE OR MORE MONTHLY PAYMENTS: 2 161,321.56
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,999,556.13
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 118,231,390.13
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,145
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 160,096.92
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,870,288.58
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.42927280 % 9.71874500 % 1.85198180 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.95232210 % 10.11133178 % 1.92832140 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,785,164.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,623,566.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.80423430
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.89
POOL TRADING FACTOR: 71.86687816
................................................................................
Run: 09/30/98 09:09:12 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 0.00 7.250000 % 0.00
A-2 76110FHL0 35,775,000.00 31,740,891.85 7.250000 % 4,252,264.32
A-3 76110FHM8 22,398,546.00 22,398,546.00 7.250000 % 0.00
A-4 76110FHN6 24,498,244.00 13,994,885.51 10.000000 % 944,947.63
A-5 76110FHP1 17,675,100.00 17,675,100.00 7.500000 % 0.00
A-6 76110FHQ9 7,150,100.00 7,150,100.00 7.750000 % 0.00
A-7 76110FHR7 52,000,000.00 52,000,000.00 7.750000 % 0.00
A-8 76110FHS5 155,284.33 148,309.66 0.000000 % 2,306.13
A-9-1 0.00 0.00 0.804152 % 0.00
A-9-2 0.00 0.00 0.507885 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,106,950.16 7.750000 % 4,852.05
M-2 76110FHW6 4,975,300.00 4,920,158.22 7.750000 % 3,359.09
M-3 76110FHX4 3,316,900.00 3,280,138.45 7.750000 % 2,239.41
B-1 1,216,200.00 1,202,720.73 7.750000 % 821.12
B-2 552,900.00 546,772.16 7.750000 % 373.29
B-3 995,114.30 984,085.37 7.750000 % 671.86
- -------------------------------------------------------------------------------
221,126,398.63 163,148,658.11 5,211,834.90
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 190,901.30 4,443,165.62 0.00 0.00 27,488,627.53
A-3 134,713.03 134,713.03 0.00 0.00 22,398,546.00
A-4 116,097.03 1,061,044.66 0.00 0.00 13,049,937.88
A-5 109,970.17 109,970.17 0.00 0.00 17,675,100.00
A-6 45,969.06 45,969.06 0.00 0.00 7,150,100.00
A-7 334,315.72 334,315.72 0.00 0.00 52,000,000.00
A-8 0.00 2,306.13 0.00 0.00 146,003.53
A-9-1 83,991.68 83,991.68 0.00 0.00 0.00
A-9-2 15,691.29 15,691.29 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,691.63 50,543.68 0.00 0.00 7,102,098.11
M-2 31,632.43 34,991.52 0.00 0.00 4,916,799.13
M-3 21,088.50 23,327.91 0.00 0.00 3,277,899.04
B-1 7,732.47 8,553.59 0.00 0.00 1,201,899.61
B-2 3,515.28 3,888.57 0.00 0.00 546,398.87
B-3 6,326.83 6,998.69 0.00 0.00 983,413.51
- -------------------------------------------------------------------------------
1,147,636.42 6,359,471.32 0.00 0.00 157,936,823.21
===============================================================================
Run: 09/30/98 09:09:12
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 887.236669 118.861337 5.336165 124.197502 0.000000 768.375333
A-3 1000.000000 0.000000 6.014365 6.014365 0.000000 1000.000000
A-4 571.260761 38.572055 4.738994 43.311049 0.000000 532.688706
A-5 1000.000000 0.000000 6.221757 6.221757 0.000000 1000.000000
A-6 1000.000000 0.000000 6.429149 6.429149 0.000000 1000.000000
A-7 1000.000000 0.000000 6.429148 6.429148 0.000000 1000.000000
A-8 955.084521 14.851016 0.000000 14.851016 0.000000 940.233506
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 988.916895 0.675152 6.357892 7.033044 0.000000 988.241743
M-2 988.916893 0.675153 6.357894 7.033047 0.000000 988.241740
M-3 988.916895 0.675151 6.357894 7.033045 0.000000 988.241744
B-1 988.916897 0.675152 6.357893 7.033045 0.000000 988.241745
B-2 988.916911 0.675149 6.357895 7.033044 0.000000 988.241762
B-3 988.916921 0.675149 6.357893 7.033042 0.000000 988.241759
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:09:15 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 33,414.36
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 30,978.78
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 3,272,138.06
(B) TWO MONTHLY PAYMENTS: 3 221,797.36
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 499,959.97
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 157,936,823.21
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,544
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 5,100,430.98
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.93203280 % 9.39092900 % 1.67703830 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.57442510 % 9.68538937 % 1.73122370 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 1,743,213.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,497,768.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.80792183
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.90
POOL TRADING FACTOR: 71.42377581
................................................................................
Run: 09/30/98 09:09:19 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 0.00 7.250000 % 0.00
A-2 76110FJA2 10,800,000.00 8,760,672.92 7.250000 % 2,177,271.49
A-3 76110FJB0 29,956,909.00 16,704,661.41 10.000000 % 816,476.81
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 340,158.57 279,785.89 0.000000 % 430.03
A-11-1 0.00 0.00 0.709387 % 0.00
A-11-2 0.00 0.00 0.376053 % 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 6,655,933.33 8.000000 % 4,335.18
M-2 76110FJP9 4,330,000.00 4,282,346.42 8.000000 % 2,789.20
M-3 76110FJQ7 2,886,000.00 2,854,238.29 8.000000 % 1,859.04
B-1 1,058,000.00 1,046,356.23 8.000000 % 681.52
B-2 481,000.00 475,706.37 8.000000 % 309.84
B-3 866,066.26 856,534.84 8.000000 % 557.88
- -------------------------------------------------------------------------------
192,360,424.83 143,528,326.70 3,004,710.99
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 52,915.65 2,230,187.14 0.00 0.00 6,583,401.43
A-3 139,170.21 955,647.02 0.00 0.00 15,888,184.60
A-4 144,963.23 144,963.23 0.00 0.00 24,000,000.00
A-5 71,183.53 71,183.53 0.00 0.00 11,785,091.00
A-6 120,922.66 120,922.66 0.00 0.00 18,143,000.00
A-7 31,771.94 31,771.94 0.00 0.00 4,767,000.00
A-8 26,816.33 26,816.33 0.00 0.00 0.00
A-9 259,224.46 259,224.46 0.00 0.00 42,917,000.00
A-10 0.00 430.03 0.00 0.00 279,355.86
A-11-1 62,941.98 62,941.98 0.00 0.00 0.00
A-11-2 11,600.99 11,600.99 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 44,361.64 48,696.82 0.00 0.00 6,651,598.15
M-2 28,541.74 31,330.94 0.00 0.00 4,279,557.22
M-3 19,023.43 20,882.47 0.00 0.00 2,852,379.25
B-1 6,973.94 7,655.46 0.00 0.00 1,045,674.71
B-2 3,170.58 3,480.42 0.00 0.00 475,396.53
B-3 5,708.78 6,266.66 0.00 0.00 855,976.96
- -------------------------------------------------------------------------------
1,029,291.09 4,034,002.08 0.00 0.00 140,523,615.71
===============================================================================
Run: 09/30/98 09:09:19
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 811.173419 201.599212 4.899597 206.498809 0.000000 609.574207
A-3 557.622998 27.255042 4.645680 31.900722 0.000000 530.367956
A-4 1000.000000 0.000000 6.040135 6.040135 0.000000 1000.000000
A-5 1000.000000 0.000000 6.040134 6.040134 0.000000 1000.000000
A-6 1000.000000 0.000000 6.664976 6.664976 0.000000 1000.000000
A-7 1000.000000 0.000000 6.664976 6.664976 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 6.040135 6.040135 0.000000 1000.000000
A-10 822.516069 1.264205 0.000000 1.264205 0.000000 821.251865
A-11-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 988.994551 0.644158 6.591626 7.235784 0.000000 988.350394
M-2 988.994554 0.644157 6.591626 7.235783 0.000000 988.350397
M-3 988.994556 0.644158 6.591625 7.235783 0.000000 988.350399
B-1 988.994546 0.644159 6.591626 7.235785 0.000000 988.350388
B-2 988.994532 0.644158 6.591642 7.235800 0.000000 988.350374
B-3 988.994583 0.644108 6.591620 7.235728 0.000000 988.350424
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:09:22 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 29,523.40
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,734.27
MASTER SERVICER ADVANCES THIS MONTH 382.62
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,948,214.81
(B) TWO MONTHLY PAYMENTS: 8 934,536.05
(C) THREE OR MORE MONTHLY PAYMENTS: 2 250,745.72
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 967,248.23
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 140,523,615.71
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,384
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 44,660.75
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,911,161.79
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.71114820 % 9.62838300 % 1.66046890 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.47683120 % 9.80869625 % 1.69493440 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 1,490,509.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,490,509.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.93778838
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.91
POOL TRADING FACTOR: 73.05224858
................................................................................
Run: 09/30/98 09:09:26 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 23,468,179.72 7.500000 % 2,239,916.31
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 20,361,256.70 7.500000 % 69,202.10
A-6 76110FJW4 164,986.80 134,197.56 0.000000 % 2,264.82
A-7-1 0.00 0.00 0.853186 % 0.00
A-7-2 0.00 0.00 0.323618 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,540,155.93 7.500000 % 8,633.27
M-2 76110FKA0 1,061,700.00 1,016,004.96 7.500000 % 3,453.11
M-3 76110FKB8 690,100.00 660,398.43 7.500000 % 2,244.51
B-1 371,600.00 355,606.52 7.500000 % 1,208.61
B-2 159,300.00 152,443.79 7.500000 % 518.11
B-3 372,446.48 356,416.58 7.500000 % 1,211.35
- -------------------------------------------------------------------------------
106,172,633.28 85,519,660.19 2,328,652.19
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 146,570.31 2,386,486.62 0.00 0.00 21,228,263.41
A-2 97,948.04 97,948.04 0.00 0.00 15,683,000.00
A-3 117,077.98 117,077.98 0.00 0.00 18,746,000.00
A-4 12,778.28 12,778.28 0.00 0.00 2,046,000.00
A-5 127,166.05 196,368.15 0.00 0.00 20,292,054.60
A-6 0.00 2,264.82 0.00 0.00 131,932.74
A-7-1 47,607.31 47,607.31 0.00 0.00 0.00
A-7-2 4,988.74 4,988.74 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,864.52 24,497.79 0.00 0.00 2,531,522.66
M-2 6,345.45 9,798.56 0.00 0.00 1,012,551.85
M-3 4,124.51 6,369.02 0.00 0.00 658,153.92
B-1 2,220.94 3,429.55 0.00 0.00 354,397.91
B-2 952.08 1,470.19 0.00 0.00 151,925.68
B-3 2,225.99 3,437.34 0.00 0.00 355,205.23
- -------------------------------------------------------------------------------
585,870.20 2,914,522.39 0.00 0.00 83,191,008.00
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 546.457871 52.156576 3.412898 55.569474 0.000000 494.301295
A-2 1000.000000 0.000000 6.245491 6.245491 0.000000 1000.000000
A-3 1000.000000 0.000000 6.245491 6.245491 0.000000 1000.000000
A-4 1000.000000 0.000000 6.245494 6.245494 0.000000 1000.000000
A-5 956.960883 3.252437 5.976691 9.229128 0.000000 953.708446
A-6 813.383616 13.727280 0.000000 13.727280 0.000000 799.656336
A-7-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-7-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 956.960492 3.252437 5.976688 9.229125 0.000000 953.708055
M-2 956.960497 3.252435 5.976688 9.229123 0.000000 953.708063
M-3 956.960484 3.252442 5.976685 9.229127 0.000000 953.708042
B-1 956.960495 3.252449 5.976695 9.229144 0.000000 953.708046
B-2 956.960389 3.252417 5.976648 9.229065 0.000000 953.707972
B-3 956.960528 3.252440 5.976671 9.229111 0.000000 953.708114
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:09:29 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 17,689.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 851.88
SUBSERVICER ADVANCES THIS MONTH 14,596.53
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 14 1,131,446.13
(B) TWO MONTHLY PAYMENTS: 2 141,937.04
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 233,676.55
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 83,191,008.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,114
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 2,037,953.47
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.04930760 % 4.93826400 % 1.01242870 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.90342690 % 5.05130125 % 1.03724830 %
BANKRUPTCY AMOUNT AVAILABLE 154,147.00
FRAUD AMOUNT AVAILABLE 8,574,020.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,813,254.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.55739651
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 157.72
POOL TRADING FACTOR: 78.35447368
................................................................................
Run: 09/30/98 09:09:56 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS7(POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4255
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FKC6 82,491,000.00 45,993,262.27 7.500000 % 2,205,705.72
A-2 76110FKD4 20,984,000.00 19,137,262.27 7.500000 % 2,205,705.72
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 16,447,217.76 9.500000 % 630,201.64
A-8 76110FKP7 156,262.27 119,303.11 0.000000 % 2,424.04
A-9-1 0.00 0.00 0.843834 % 0.00
A-9-2 0.00 0.00 0.546056 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,624,502.27 7.750000 % 4,315.89
M-2 76110FKM4 3,827,000.00 3,785,571.17 7.750000 % 2,466.31
M-3 76110FKN2 2,870,200.00 2,839,128.94 7.750000 % 1,849.70
B-1 1,052,400.00 1,041,007.36 7.750000 % 678.22
B-2 478,400.00 473,221.12 7.750000 % 308.31
B-3 861,188.35 851,865.63 7.750000 % 555.00
- -------------------------------------------------------------------------------
191,342,550.62 147,312,341.90 5,054,210.55
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 285,883.78 2,491,589.50 0.00 0.00 43,787,556.55
A-2 118,952.92 2,324,658.64 0.00 0.00 16,931,556.55
A-3 68,373.53 68,373.53 0.00 0.00 11,000,000.00
A-4 24,863.10 24,863.10 0.00 0.00 4,000,000.00
A-5 112,401.93 112,401.93 0.00 0.00 17,500,000.00
A-6 105,150.20 105,150.20 0.00 0.00 17,500,000.00
A-7 129,494.13 759,695.77 0.00 0.00 15,817,016.12
A-8 0.00 2,424.04 0.00 0.00 116,879.07
A-9-1 78,566.13 78,566.13 0.00 0.00 0.00
A-9-2 15,825.76 15,825.76 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,548.96 46,864.85 0.00 0.00 6,620,186.38
M-2 24,314.60 26,780.91 0.00 0.00 3,783,104.86
M-3 18,235.63 20,085.33 0.00 0.00 2,837,279.24
B-1 6,686.35 7,364.57 0.00 0.00 1,040,329.14
B-2 3,039.48 3,347.79 0.00 0.00 472,912.81
B-3 5,471.50 6,026.50 0.00 0.00 851,310.63
- -------------------------------------------------------------------------------
1,039,808.00 6,094,018.55 0.00 0.00 142,258,131.35
===============================================================================
Run: 09/30/98 09:09:56
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS7(POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4255
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 557.554912 26.738744 3.465636 30.204380 0.000000 530.816168
A-2 911.993055 105.113692 5.668744 110.782436 0.000000 806.879363
A-3 1000.000000 0.000000 6.215775 6.215775 0.000000 1000.000000
A-4 1000.000000 0.000000 6.215775 6.215775 0.000000 1000.000000
A-5 1000.000000 0.000000 6.422967 6.422967 0.000000 1000.000000
A-6 1000.000000 0.000000 6.008583 6.008583 0.000000 1000.000000
A-7 750.158165 28.743518 5.906232 34.649750 0.000000 721.414646
A-8 763.479949 15.512638 0.000000 15.512638 0.000000 747.967312
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 989.174596 0.644451 6.353436 6.997887 0.000000 988.530145
M-2 989.174594 0.644450 6.353436 6.997886 0.000000 988.530144
M-3 989.174601 0.644450 6.353435 6.997885 0.000000 988.530151
B-1 989.174610 0.644451 6.353430 6.997881 0.000000 988.530160
B-2 989.174582 0.644461 6.353428 6.997889 0.000000 988.530121
B-3 989.174586 0.644447 6.353430 6.997877 0.000000 988.530128
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:09:59 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 30,137.74
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 28,565.86
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 1,964,897.66
(B) TWO MONTHLY PAYMENTS: 3 356,541.36
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,438,590.72
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 142,258,131.35
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,368
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 4,958,219.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.39128060 % 9.00124300 % 1.60747690 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.02139750 % 9.30742612 % 1.66352310 %
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 8.84194869
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 339.79
POOL TRADING FACTOR: 74.34735812
................................................................................
Run: 09/30/98 09:10:04 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 1,670,622.02 7.000000 % 1,670,622.02
A-2 76110FKV4 20,850,000.00 3,900,307.90 7.000000 % 2,804,128.32
A-3 76110FKW2 16,320,750.00 10,584,935.97 10.000000 % 948,923.34
A-4 76110FKX0 19,700,543.00 19,700,543.00 7.000000 % 269,866.38
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 18,550,757.51 7.500000 % 1,232,065.12
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 25,197.73 0.000000 % 29.48
A-12-1 0.00 0.00 0.948590 % 0.00
A-12-2 0.00 0.00 0.657300 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,556,724.82 7.500000 % 4,981.44
M-2 76110FLJ0 4,361,000.00 4,318,552.86 7.500000 % 2,846.82
M-3 76110FLK7 3,270,500.00 3,238,667.08 7.500000 % 2,134.95
B-1 1,199,000.00 1,187,329.71 7.500000 % 782.70
B-2 545,000.00 539,695.34 7.500000 % 355.77
B-3 981,461.72 971,908.85 7.500000 % 640.69
- -------------------------------------------------------------------------------
218,029,470.88 175,991,013.79 6,937,377.03
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 9,715.75 1,680,337.77 0.00 0.00 0.00
A-2 22,682.82 2,826,811.14 0.00 0.00 1,096,179.58
A-3 87,940.36 1,036,863.70 0.00 0.00 9,636,012.63
A-4 114,571.41 384,437.79 0.00 0.00 19,430,676.62
A-5 127,235.45 127,235.45 0.00 0.00 21,419,142.00
A-6 38,087.56 38,087.56 0.00 0.00 6,323,320.00
A-7 99,363.02 99,363.02 0.00 0.00 16,496,308.00
A-8 115,590.71 1,347,655.83 0.00 0.00 17,318,692.39
A-9 30,636.00 30,636.00 0.00 0.00 5,000,001.00
A-10 339,635.88 339,635.88 0.00 0.00 54,507,000.00
A-11 0.00 29.48 0.00 0.00 25,168.25
A-12-1 102,036.03 102,036.03 0.00 0.00 0.00
A-12-2 25,403.65 25,403.65 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,086.34 52,067.78 0.00 0.00 7,551,743.38
M-2 26,909.13 29,755.95 0.00 0.00 4,315,706.04
M-3 20,180.30 22,315.25 0.00 0.00 3,236,532.13
B-1 7,398.31 8,181.01 0.00 0.00 1,186,547.01
B-2 3,362.87 3,718.64 0.00 0.00 539,339.57
B-3 6,056.01 6,696.70 0.00 0.00 832,177.68
- -------------------------------------------------------------------------------
1,223,891.60 8,161,268.63 0.00 0.00 168,914,546.28
===============================================================================
Run: 09/30/98 09:10:04
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-1 124.674215 124.674215 0.725061 125.399276 0.000000 0.000000
A-2 187.065127 134.490567 1.087905 135.578472 0.000000 52.574560
A-3 648.556958 58.142141 5.388255 63.530396 0.000000 590.414817
A-4 1000.000000 13.698423 5.815647 19.514070 0.000000 986.301577
A-5 1000.000000 0.000000 5.940268 5.940268 0.000000 1000.000000
A-6 1000.000000 0.000000 6.023348 6.023348 0.000000 1000.000000
A-7 1000.000000 0.000000 6.023349 6.023349 0.000000 1000.000000
A-8 713.544574 47.390700 4.446132 51.836832 0.000000 666.153874
A-9 1000.000000 0.000000 6.127199 6.127199 0.000000 1000.000000
A-10 1000.000000 0.000000 6.231051 6.231051 0.000000 1000.000000
A-11 954.128416 1.116279 0.000000 1.116279 0.000000 953.012137
A-12-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-12-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 990.266652 0.652790 6.170402 6.823192 0.000000 989.613862
M-2 990.266650 0.652791 6.170404 6.823195 0.000000 989.613859
M-3 990.266650 0.652790 6.170402 6.823192 0.000000 989.613860
B-1 990.266647 0.652794 6.170400 6.823194 0.000000 989.613853
B-2 990.266679 0.652789 6.170404 6.823193 0.000000 989.613890
B-3 990.266691 0.652792 6.170399 6.823191 0.000000 847.896217
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:10:07 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 35,982.08
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 22,646.79
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 16 2,087,863.92
(B) TWO MONTHLY PAYMENTS: 3 571,095.81
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 259,896.36
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 168,914,546.27
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,564
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 6,674,693.59
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.87708010 % 8.58913700 % 1.53378310 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.54224000 % 8.94178855 % 1.51463890 %
BANKRUPTCY AMOUNT AVAILABLE 220,247.00
FRAUD AMOUNT AVAILABLE **,***,***.**
SPECIAL HAZARD AMOUNT AVAILABLE **,***,***.**
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.70385300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.28
POOL TRADING FACTOR: 77.47326340
................................................................................
Run: 09/30/98 09:10:38 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 16,353,583.44 6.750000 % 6,139,614.31
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 16,172,189.69 10.000000 % 1,116,293.48
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-9-1 0.00 0.00 1.041324 % 0.00
A-9-2 0.00 0.00 0.776169 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,070,816.13 7.250000 % 5,462.70
M-2 76110FLX9 5,420,000.00 5,380,544.07 7.250000 % 3,641.80
M-3 76110FLY2 4,065,000.00 4,035,408.05 7.250000 % 2,731.35
B-1 1,490,500.00 1,479,649.60 7.250000 % 1,001.50
B-2 677,500.00 672,568.01 7.250000 % 455.23
B-3 1,219,925.82 1,211,045.15 7.250000 % 819.69
- -------------------------------------------------------------------------------
271,005,025.82 226,656,266.14 7,270,020.06
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 91,782.90 6,231,397.21 0.00 0.00 10,213,969.13
A-2 97,768.06 97,768.06 0.00 0.00 17,420,000.00
A-3 134,466.44 1,250,759.92 0.00 0.00 15,055,896.21
A-4 213,327.43 213,327.43 0.00 0.00 38,010,000.00
A-5 96,328.26 96,328.26 0.00 0.00 17,163,462.00
A-6 180,705.44 180,705.44 0.00 0.00 29,977,000.00
A-7 96,842.02 96,842.02 0.00 0.00 16,065,000.00
A-8 329,407.52 329,407.52 0.00 0.00 54,645,000.00
A-9-1 158,505.76 158,505.76 0.00 0.00 0.00
A-9-2 28,129.66 28,129.66 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,651.98 54,114.68 0.00 0.00 8,065,353.43
M-2 32,434.65 36,076.45 0.00 0.00 5,376,902.27
M-3 24,325.99 27,057.34 0.00 0.00 4,032,676.70
B-1 8,919.53 9,921.03 0.00 0.00 1,478,648.10
B-2 4,054.33 4,509.56 0.00 0.00 672,112.78
B-3 7,300.34 8,120.03 0.00 0.00 1,210,225.46
- -------------------------------------------------------------------------------
1,552,950.31 8,822,970.37 0.00 0.00 219,386,246.08
===============================================================================
Run: 09/30/98 09:10:38
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-1 304.252715 114.225383 1.707589 115.932972 0.000000 190.027333
A-2 1000.000000 0.000000 5.612403 5.612403 0.000000 1000.000000
A-3 704.009879 48.594634 5.853611 54.448245 0.000000 655.415245
A-4 1000.000000 0.000000 5.612403 5.612403 0.000000 1000.000000
A-5 1000.000000 0.000000 5.612403 5.612403 0.000000 1000.000000
A-6 1000.000000 0.000000 6.028136 6.028136 0.000000 1000.000000
A-7 1000.000000 0.000000 6.028137 6.028137 0.000000 1000.000000
A-8 1000.000000 0.000000 6.028137 6.028137 0.000000 1000.000000
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.720311 0.671919 5.984253 6.656172 0.000000 992.048392
M-2 992.720308 0.671919 5.984253 6.656172 0.000000 992.048389
M-3 992.720308 0.671919 5.984253 6.656172 0.000000 992.048389
B-1 992.720295 0.671922 5.984254 6.656176 0.000000 992.048373
B-2 992.720310 0.671926 5.984251 6.656177 0.000000 992.048384
B-3 992.720320 0.671918 5.984249 6.656167 0.000000 992.048405
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:10:41 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 50,540.73
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 23,577.87
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 2,282,593.74
(B) TWO MONTHLY PAYMENTS: 4 249,279.24
(C) THREE OR MORE MONTHLY PAYMENTS: 1 100,234.63
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 520,561.67
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 219,386,246.08
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,135
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 7,116,608.61
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.80103480 % 7.71510500 % 1.48386050 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.50263220 % 7.96537281 % 1.53199500 %
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 8.59207700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.29
POOL TRADING FACTOR: 80.95283304
................................................................................
Run: 09/30/98 09:10:46 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 199,969,492.00 155,458,407.18 7.250000 % 6,216,471.04
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 64,412,321.02 7.250000 % 61,574.93
A-5 7611OFMS9 76,250.57 75,599.32 0.000000 % 68.08
A-6-1 0.00 0.00 1.010942 % 0.00
A-6-2 0.00 0.00 0.722162 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,519,669.01 7.250000 % 10,056.27
M-2 7611OFMW0 6,524,000.00 6,473,337.18 7.250000 % 6,188.18
M-3 7611OFMX8 4,893,000.00 4,855,002.87 7.250000 % 4,641.14
B-1 7611OFMY6 1,794,000.00 1,780,068.49 7.250000 % 1,701.66
B-2 7611OFMZ3 816,000.00 809,663.26 7.250000 % 774.00
B-3 7611OFNA7 1,468,094.11 1,456,693.49 7.250000 % 1,392.53
- -------------------------------------------------------------------------------
326,202,444.68 280,983,761.82 6,302,867.83
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 939,030.95 7,155,501.99 0.00 0.00 149,241,936.14
A-2 60,404.00 60,404.00 0.00 0.00 10,000,000.00
A-3 151,873.78 151,873.78 0.00 0.00 25,143,000.00
A-4 389,076.17 450,651.10 0.00 0.00 64,350,746.09
A-5 0.00 68.08 0.00 0.00 75,531.24
A-6-1 179,561.81 179,561.81 0.00 0.00 0.00
A-6-2 40,791.80 40,791.80 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,543.00 73,599.27 0.00 0.00 10,509,612.74
M-2 39,101.55 45,289.73 0.00 0.00 6,467,149.00
M-3 29,326.16 33,967.30 0.00 0.00 4,850,361.73
B-1 10,752.33 12,453.99 0.00 0.00 1,778,366.83
B-2 4,890.69 5,664.69 0.00 0.00 808,889.26
B-3 8,799.01 10,191.54 0.00 0.00 1,455,300.96
- -------------------------------------------------------------------------------
1,917,151.25 8,220,019.08 0.00 0.00 274,680,893.99
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 777.410622 31.087097 4.695871 35.782968 0.000000 746.323525
A-2 1000.000000 0.000000 6.040400 6.040400 0.000000 1000.000000
A-3 1000.000000 0.000000 6.040400 6.040400 0.000000 1000.000000
A-4 992.233301 0.948525 5.993486 6.942011 0.000000 991.284776
A-5 991.459080 0.892846 0.000000 0.892846 0.000000 990.566235
A-6-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.234391 0.948526 5.993492 6.942018 0.000000 991.285865
M-2 992.234393 0.948525 5.993493 6.942018 0.000000 991.285868
M-3 992.234390 0.948526 5.993493 6.942019 0.000000 991.285864
B-1 992.234387 0.948528 5.993495 6.942023 0.000000 991.285858
B-2 992.234387 0.948529 5.993493 6.942022 0.000000 991.285858
B-3 992.234408 0.948529 5.993492 6.942021 0.000000 991.285879
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:10:48 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 58,064.41
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 51,971.99
MASTER SERVICER ADVANCES THIS MONTH 1,576.72
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 4,561,044.88
(B) TWO MONTHLY PAYMENTS: 8 960,447.25
(C) THREE OR MORE MONTHLY PAYMENTS: 3 246,538.06
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,150,688.26
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 274,680,893.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,495
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 208,876.33
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,034,269.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 77,405.05
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.78188610 % 7.77763400 % 1.44047980 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.57932440 % 7.94635664 % 1.47213330 %
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 8.51907098
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.74
POOL TRADING FACTOR: 84.20565157
................................................................................
Run: 09/30/98 09:10:52 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 83,609,588.70 7.000000 % 936,915.05
A-2 7611OFMD2 43,142.76 38,613.31 0.000000 % 236.93
A-3-1 0.00 0.00 1.077350 % 0.00
A-3-2 0.00 0.00 0.651939 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,947,178.52 7.000000 % 9,946.14
M-2 7611OFMH3 892,000.00 863,911.67 7.000000 % 2,915.53
M-3 7611OFMJ9 419,700.00 406,484.01 7.000000 % 1,371.80
B-1 7611OFMK6 367,000.00 355,443.49 7.000000 % 1,199.55
B-2 7611OFML4 262,400.00 254,137.23 7.000000 % 857.66
B-3 7611OFMM2 263,388.53 255,094.61 7.000000 % 860.89
- -------------------------------------------------------------------------------
104,940,731.29 88,730,451.54 954,303.55
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 487,401.35 1,424,316.40 0.00 0.00 82,672,673.65
A-2 0.00 236.93 0.00 0.00 38,376.38
A-3-1 63,503.53 63,503.53 0.00 0.00 0.00
A-3-2 9,745.94 9,745.94 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,180.55 27,126.69 0.00 0.00 2,937,232.38
M-2 5,036.16 7,951.69 0.00 0.00 860,996.14
M-3 2,369.60 3,741.40 0.00 0.00 405,112.21
B-1 2,072.05 3,271.60 0.00 0.00 354,243.94
B-2 1,481.49 2,339.15 0.00 0.00 253,279.57
B-3 1,487.07 2,347.96 0.00 0.00 254,233.72
- -------------------------------------------------------------------------------
590,277.74 1,544,581.29 0.00 0.00 87,776,147.99
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 839.032501 9.402058 4.891132 14.293190 0.000000 829.630443
A-2 895.012512 5.491767 0.000000 5.491767 0.000000 889.520745
A-3-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 968.510851 3.268531 5.645925 8.914456 0.000000 965.242320
M-2 968.510841 3.268531 5.645919 8.914450 0.000000 965.242309
M-3 968.510865 3.268525 5.645938 8.914463 0.000000 965.242340
B-1 968.510872 3.268529 5.645913 8.914442 0.000000 965.242343
B-2 968.510785 3.268521 5.645922 8.914443 0.000000 965.242264
B-3 968.510702 3.268517 5.645918 8.914435 0.000000 965.242184
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:10:53 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 18,446.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,777.41
SUBSERVICER ADVANCES THIS MONTH 10,843.78
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 7 959,707.60
(B) TWO MONTHLY PAYMENTS: 2 87,477.64
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 61,783.99
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 87,776,147.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,007
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 654,775.77
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.26976640 % 4.75531300 % 0.97492100 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.22700410 % 4.78870493 % 0.98219640 %
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 8.31604951
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 162.62
POOL TRADING FACTOR: 83.64354518
................................................................................
Run: 09/30/98 09:11:09 REPT1B.FRG
Page: 1 of 3
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 28,624,085.80 7.000000 % 4,241,078.98
A-2 76110FNC3 22,405,757.00 18,269,912.11 9.000000 % 605,868.43
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 58,976,173.58 7.250000 % 39,985.28
A-8-1 0.00 0.00 0.930633 % 0.00
A-8-2 0.00 0.00 0.751011 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,373,335.34 7.250000 % 7,033.02
M-2 76110FNL3 4,471,600.00 4,445,771.96 7.250000 % 3,014.19
M-3 76110FNM1 4,471,500.00 4,445,672.53 7.250000 % 3,014.12
B-1 76110FNN9 1,639,600.00 1,630,129.64 7.250000 % 1,105.21
B-2 76110FNP4 745,200.00 740,895.70 7.250000 % 502.32
B-3 76110FNQ2 1,341,561.05 1,333,812.19 7.250000 % 904.31
- -------------------------------------------------------------------------------
298,104,002.05 264,541,072.85 4,902,505.86
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 166,906.08 4,407,985.06 0.00 0.00 24,383,006.82
A-2 136,968.74 742,837.17 0.00 0.00 17,664,043.68
A-3 366,325.35 366,325.35 0.00 0.00 62,824,125.00
A-4 139,128.57 139,128.57 0.00 0.00 24,294,118.00
A-5 157,019.59 157,019.59 0.00 0.00 26,000,000.00
A-6 136,383.85 136,383.85 0.00 0.00 22,583,041.00
A-7 356,169.80 396,155.08 0.00 0.00 58,936,188.30
A-8-1 159,745.91 159,745.91 0.00 0.00 0.00
A-8-2 36,580.56 36,580.56 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,646.80 69,679.82 0.00 0.00 10,366,302.32
M-2 26,848.97 29,863.16 0.00 0.00 4,442,757.77
M-3 26,848.37 29,862.49 0.00 0.00 4,442,658.41
B-1 9,844.70 10,949.91 0.00 0.00 1,629,024.43
B-2 4,474.42 4,976.74 0.00 0.00 740,393.38
B-3 8,055.18 8,959.49 0.00 0.00 1,332,907.88
- -------------------------------------------------------------------------------
1,793,946.89 6,696,452.75 0.00 0.00 259,638,566.99
===============================================================================
Run: 09/30/98 09:11:09
Page: 2 of 3
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
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 497.161716 73.661815 2.898933 76.560748 0.000000 423.499901
A-2 815.411508 27.040748 6.113105 33.153853 0.000000 788.370760
A-3 1000.000000 0.000000 5.830966 5.830966 0.000000 1000.000000
A-4 1000.000000 0.000000 5.726842 5.726842 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039215 6.039215 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039215 6.039215 0.000000 1000.000000
A-7 994.223983 0.674074 6.004333 6.678407 0.000000 993.549908
A-8-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-8-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.223982 0.674074 6.004332 6.678406 0.000000 993.549908
M-2 994.223982 0.674074 6.004332 6.678406 0.000000 993.549908
M-3 994.223981 0.674074 6.004332 6.678406 0.000000 993.549907
B-1 994.223981 0.674073 6.004330 6.678403 0.000000 993.549909
B-2 994.223967 0.674074 6.004321 6.678395 0.000000 993.549893
B-3 994.223997 0.674073 6.004334 6.678407 0.000000 993.549921
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:11:10 rept2.frg
Page: 3 of 3
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 54,700.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,444.92
SUBSERVICER ADVANCES THIS MONTH 41,687.48
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 3,436,637.51
(B) TWO MONTHLY PAYMENTS: 4 674,666.71
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 1,520,660.61
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 259,638,566.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,383
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 4,723,149.56
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.31718300 % 7.28234000 % 1.40047730 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.15923170 % 7.41481465 % 1.42595370 %
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 8.47145097
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.02
POOL TRADING FACTOR: 87.09663916
................................................................................
Run: 09/30/98 09:11:27 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 27,063,061.09 7.250000 % 777,337.07
A-2 76110FNT6 30,750,000.00 19,127,553.47 7.250000 % 2,036,673.34
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 62,676,192.27 7.250000 % 43,317.80
A-8 76110FNZ2 15,495,000.00 3,688,831.46 7.250000 % 2,068,868.09
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 89,293,980.68 0.000000 % 1,878,365.74
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 5.093760 % 0.00
A-14 76110FPF4 0.00 0.00 9.406240 % 0.00
A-15 76110FPG2 26,249,000.00 22,552,407.71 7.000000 % 647,776.78
A-16 76110FPH0 2,386,273.00 2,050,219.12 10.000000 % 58,888.80
A-17 76110FPJ6 139,012.74 135,780.96 0.000000 % 135.26
A-18-1 0.00 0.00 0.912240 % 0.00
A-18-2 0.00 0.00 0.675915 % 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 16,183,647.68 7.250000 % 11,185.11
M-2 76110FPP2 5,422,000.00 5,394,217.58 7.250000 % 3,728.14
M-3 76110FPQ0 6,507,000.00 6,473,658.04 7.250000 % 4,474.18
B-1 76110FPR8 2,386,000.00 2,373,774.10 7.250000 % 1,640.60
B-2 76110FPS6 1,085,000.00 1,079,440.45 7.250000 % 746.04
B-3 76110FPT4 1,952,210.06 1,942,206.91 7.250000 % 1,342.35
- -------------------------------------------------------------------------------
433,792,422.80 390,652,386.52 7,534,479.30
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 163,402.00 940,739.07 0.00 0.00 26,285,724.02
A-2 115,488.80 2,152,162.14 0.00 0.00 17,090,880.13
A-3 246,337.18 246,337.18 0.00 0.00 40,799,000.00
A-4 40,725.12 40,725.12 0.00 0.00 6,745,000.00
A-5 25,572.69 25,572.69 0.00 0.00 4,235,415.00
A-6 63,391.12 63,391.12 0.00 0.00 10,499,000.00
A-7 378,427.81 421,745.61 0.00 0.00 62,632,874.47
A-8 22,272.51 2,091,140.60 0.00 0.00 1,619,963.37
A-9 398,390.62 398,390.62 0.00 0.00 68,339,000.00
A-10 14,228.23 14,228.23 0.00 0.00 0.00
A-11 0.00 1,878,365.74 0.00 0.00 87,415,614.94
A-12 269,570.67 269,570.67 0.00 0.00 0.00
A-13 94,698.50 94,698.50 0.00 0.00 0.00
A-14 174,872.16 174,872.16 0.00 0.00 0.00
A-15 131,472.04 779,248.82 0.00 0.00 21,904,630.93
A-16 17,074.29 75,963.09 0.00 0.00 1,991,330.32
A-17 0.00 135.26 0.00 0.00 135,645.70
A-18-1 218,607.67 218,607.67 0.00 0.00 0.00
A-18-2 57,924.88 57,924.88 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 97,714.01 108,899.12 0.00 0.00 16,172,462.57
M-2 32,569.33 36,297.47 0.00 0.00 5,390,489.44
M-3 39,086.80 43,560.98 0.00 0.00 6,469,183.86
B-1 14,332.43 15,973.03 0.00 0.00 2,372,133.50
B-2 6,517.47 7,263.51 0.00 0.00 1,078,694.41
B-3 11,726.71 13,069.06 0.00 0.00 1,940,864.56
- -------------------------------------------------------------------------------
2,634,403.04 10,168,882.34 0.00 0.00 383,117,907.22
===============================================================================
Run: 09/30/98 09:11:27
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-1 859.172072 24.678151 5.187530 29.865681 0.000000 834.493921
A-2 622.034259 66.233279 3.755733 69.989012 0.000000 555.800980
A-3 1000.000000 0.000000 6.037824 6.037824 0.000000 1000.000000
A-4 1000.000000 0.000000 6.037824 6.037824 0.000000 1000.000000
A-5 1000.000000 0.000000 6.037824 6.037824 0.000000 1000.000000
A-6 1000.000000 0.000000 6.037825 6.037825 0.000000 1000.000000
A-7 994.875986 0.687595 6.006886 6.694481 0.000000 994.188391
A-8 238.065922 133.518431 1.437400 134.955831 0.000000 104.547491
A-9 1000.000000 0.000000 5.829623 5.829623 0.000000 1000.000000
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 892.597835 18.776464 0.000000 18.776464 0.000000 873.821371
A-12 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-13 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-14 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-15 859.172072 24.678151 5.008649 29.686800 0.000000 834.493921
A-16 859.172073 24.678151 7.155212 31.833363 0.000000 834.493922
A-17 976.751915 0.973004 0.000000 0.973004 0.000000 975.778911
A-18-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-18-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.875987 0.687595 6.006886 6.694481 0.000000 994.188392
M-2 994.875983 0.687595 6.006885 6.694480 0.000000 994.188388
M-3 994.875986 0.687595 6.006885 6.694480 0.000000 994.188391
B-1 994.875985 0.687594 6.006886 6.694480 0.000000 994.188391
B-2 994.875991 0.687594 6.006885 6.694479 0.000000 994.188396
B-3 994.875987 0.687595 6.006889 6.694484 0.000000 994.188383
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:11:29 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 80,677.01
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 47,967.07
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 42 4,540,876.52
(B) TWO MONTHLY PAYMENTS: 9 955,929.22
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 947,869.91
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 383,117,907.22
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,334
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 7,264,464.07
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.43520550 % 7.18318300 % 1.38161130 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.27274770 % 7.31684302 % 1.40781780 %
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 8.37850331
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.68
POOL TRADING FACTOR: 88.31825709
................................................................................
Run: 09/30/98 09:11:41 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 50,295,734.88 7.000000 % 1,849,936.94
A-2 76110FPV9 117,395,000.00 102,046,026.72 7.000000 % 2,023,812.98
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-6-1 0.00 0.00 1.128560 % 0.00
A-6-2 0.00 0.00 0.938212 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,299,439.45 7.000000 % 7,868.39
M-2 76110FQD8 4,054,000.00 4,035,407.44 7.000000 % 2,810.06
M-3 76110FQE6 4,865,000.00 4,842,688.01 7.000000 % 3,372.22
B-1 76110FQF3 1,783,800.00 1,775,619.09 7.000000 % 1,236.46
B-2 76110FQG1 810,800.00 807,081.49 7.000000 % 562.01
B-3 76110FQH9 1,459,579.11 1,452,885.14 7.000000 % 1,011.73
- -------------------------------------------------------------------------------
324,327,779.11 294,836,882.22 3,890,610.79
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 293,304.48 2,143,241.42 0.00 0.00 48,445,797.94
A-2 595,091.35 2,618,904.33 0.00 0.00 100,022,213.74
A-3 299,627.48 299,627.48 0.00 0.00 51,380,000.00
A-4 10,858.44 10,858.44 0.00 0.00 1,862,000.00
A-5 379,287.10 379,287.10 0.00 0.00 65,040,000.00
A-6-1 203,949.91 203,949.91 0.00 0.00 0.00
A-6-2 60,896.77 60,896.77 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,893.79 73,762.18 0.00 0.00 11,291,571.06
M-2 23,532.88 26,342.94 0.00 0.00 4,032,597.38
M-3 28,240.60 31,612.82 0.00 0.00 4,839,315.79
B-1 10,354.70 11,591.16 0.00 0.00 1,774,382.63
B-2 4,706.58 5,268.59 0.00 0.00 806,519.48
B-3 8,472.64 9,484.37 0.00 0.00 1,451,873.41
- -------------------------------------------------------------------------------
1,984,216.72 5,874,827.51 0.00 0.00 290,946,271.43
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 781.888115 28.758775 4.559657 33.318432 0.000000 753.129340
A-2 869.253603 17.239346 5.069137 22.308483 0.000000 852.014257
A-3 1000.000000 0.000000 5.831598 5.831598 0.000000 1000.000000
A-4 1000.000000 0.000000 5.831600 5.831600 0.000000 1000.000000
A-5 1000.000000 0.000000 5.831597 5.831597 0.000000 1000.000000
A-6-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.413774 0.693159 5.804853 6.498012 0.000000 994.720615
M-2 995.413774 0.693157 5.804854 6.498011 0.000000 994.720617
M-3 995.413774 0.693159 5.804851 6.498010 0.000000 994.720615
B-1 995.413774 0.693161 5.804855 6.498016 0.000000 994.720613
B-2 995.413777 0.693155 5.804859 6.498014 0.000000 994.720622
B-3 995.413767 0.693145 5.804852 6.497997 0.000000 994.720601
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:11:42 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 61,206.83
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 37,383.66
MASTER SERVICER ADVANCES THIS MONTH 913.89
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 3,198,713.37
(B) TWO MONTHLY PAYMENTS: 9 905,792.73
(C) THREE OR MORE MONTHLY PAYMENTS: 4 765,181.58
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 74,743.04
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 290,946,271.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,491
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 119,061.69
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,685,300.52
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.78762150 % 6.84362600 % 1.36875200 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.68359860 % 6.93031195 % 1.38608940 %
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 8.35827422
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.60
POOL TRADING FACTOR: 89.70747810
................................................................................
Run: 09/30/98 09:12:01 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 17,593,414.81 6.750000 % 495,698.26
A-2 76110FQK2 158,282,400.00 139,236,395.99 6.500000 % 3,923,015.53
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 35,141,002.69 6.248440 % 771,965.77
A-5 76110FQN6 0.00 0.00 2.777335 % 0.00
A-6 76110FQP1 13,504,750.00 12,190,273.15 6.148440 % 270,750.39
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 137,444.22 0.000000 % 274.49
A-9-1 0.00 0.00 1.062569 % 0.00
A-9-2 0.00 0.00 0.777056 % 0.00
R-I 76110FQT3 100.00 0.00 7.000000 % 0.00
R-II 76110FQU0 100.00 0.00 7.000000 % 0.00
M-1 76110FQV8 17,350,800.00 17,282,062.04 7.000000 % 11,814.51
M-2 76110FQW6 5,422,000.00 5,400,519.89 7.000000 % 3,691.95
M-3 76110FQX4 5,422,000.00 5,400,519.89 7.000000 % 3,691.95
B-1 76110FQY2 2,385,700.00 2,376,248.67 7.000000 % 1,624.47
B-2 76110FQZ9 1,084,400.00 1,080,103.99 7.000000 % 738.39
B-3 76110FRA3 1,952,351.82 1,944,617.26 7.000000 % 1,329.40
- -------------------------------------------------------------------------------
433,770,084.51 407,120,502.60 5,484,595.11
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 98,917.12 594,615.38 0.00 0.00 17,097,716.55
A-2 753,847.82 4,676,863.35 0.00 0.00 135,313,380.46
A-3 464,319.84 464,319.84 0.00 0.00 82,584,000.00
A-4 182,895.62 954,861.39 0.00 0.00 34,369,036.92
A-5 109,494.93 109,494.93 0.00 0.00 0.00
A-6 62,430.37 333,180.76 0.00 0.00 11,919,522.76
A-7 505,830.03 505,830.03 0.00 0.00 86,753,900.00
A-8 0.00 274.49 0.00 0.00 137,169.73
A-9-1 252,531.89 252,531.89 0.00 0.00 0.00
A-9-2 78,830.97 78,830.97 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 100,765.34 112,579.85 0.00 0.00 17,270,247.53
M-2 31,488.44 35,180.39 0.00 0.00 5,396,827.94
M-3 31,488.44 35,180.39 0.00 0.00 5,396,827.94
B-1 13,855.03 15,479.50 0.00 0.00 2,374,624.20
B-2 6,297.69 7,036.08 0.00 0.00 1,079,365.60
B-3 11,338.35 12,667.75 0.00 0.00 1,943,287.86
- -------------------------------------------------------------------------------
2,704,331.88 8,188,926.99 0.00 0.00 401,635,907.49
===============================================================================
Run: 09/30/98 09:12:01
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-1 879.670741 24.784913 4.945856 29.730769 0.000000 854.885827
A-2 879.670740 24.784913 4.762676 29.547589 0.000000 854.885827
A-3 1000.000000 0.000000 5.622395 5.622395 0.000000 1000.000000
A-4 903.626687 19.850568 4.703035 24.553603 0.000000 883.776119
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 902.665592 20.048530 4.622845 24.671375 0.000000 882.617061
A-7 1000.000000 0.000000 5.830632 5.830632 0.000000 1000.000000
A-8 990.712571 1.978553 0.000000 1.978553 0.000000 988.734018
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.038341 0.680920 5.807533 6.488453 0.000000 995.357420
M-2 996.038342 0.680920 5.807532 6.488452 0.000000 995.357422
M-3 996.038342 0.680920 5.807532 6.488452 0.000000 995.357422
B-1 996.038341 0.680920 5.807532 6.488452 0.000000 995.357421
B-2 996.038353 0.680920 5.807534 6.488454 0.000000 995.357433
B-3 996.038337 0.680922 5.807534 6.488456 0.000000 995.357415
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:12:06 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 84,305.38
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 64,069.95
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 50 6,791,818.46
(B) TWO MONTHLY PAYMENTS: 7 849,658.82
(C) THREE OR MORE MONTHLY PAYMENTS: 3 175,020.45
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 921,635.60
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 401,635,907.48
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,362
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 5,206,223.00
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.77261290 % 6.90031200 % 1.32707490 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.66593120 % 6.98739901 % 1.34428260 %
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 8.25454108
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.93
POOL TRADING FACTOR: 92.59188723
................................................................................
Run: 09/30/98 09:15:22 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 115,517,963.00 109,404,670.26 6.500000 % 1,611,443.62
A-2 76110FRC9 34,880,737.00 29,087,260.95 6.500000 % 384,682.22
A-3-1 0.00 0.00 1.260240 % 0.00
A-3-2 0.00 0.00 1.022085 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,854,667.98 6.500000 % 12,633.00
M-2 76110FRG0 785,100.00 770,639.13 6.500000 % 2,525.63
M-3 76110FRH8 707,000.00 693,977.66 6.500000 % 2,274.39
B-1 76110FRJ4 471,200.00 462,520.88 6.500000 % 1,515.83
B-2 76110FRK1 314,000.00 308,216.39 6.500000 % 1,010.13
B-3 76110FRL9 471,435.62 462,752.18 6.500000 % 1,516.58
- -------------------------------------------------------------------------------
157,074,535.62 145,044,705.43 2,017,601.40
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 592,080.87 2,203,524.49 0.00 0.00 107,793,226.64
A-2 157,415.69 542,097.91 0.00 0.00 28,702,578.73
A-3-1 117,705.98 117,705.98 0.00 0.00 0.00
A-3-2 27,967.56 27,967.56 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,860.86 33,493.86 0.00 0.00 3,842,034.98
M-2 4,170.58 6,696.21 0.00 0.00 768,113.50
M-3 3,755.70 6,030.09 0.00 0.00 691,703.27
B-1 2,503.09 4,018.92 0.00 0.00 461,005.05
B-2 1,668.02 2,678.15 0.00 0.00 307,206.26
B-3 2,504.34 4,020.92 0.00 0.00 461,235.59
- -------------------------------------------------------------------------------
930,632.69 2,948,234.09 0.00 0.00 143,027,104.02
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 947.079289 13.949723 5.125444 19.075167 0.000000 933.129566
A-2 833.906146 11.028500 4.512969 15.541469 0.000000 822.877645
A-3-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 981.580845 3.216960 5.312162 8.529122 0.000000 978.363886
M-2 981.580856 3.216953 5.312164 8.529117 0.000000 978.363903
M-3 981.580849 3.216959 5.312164 8.529123 0.000000 978.363890
B-1 981.580815 3.216957 5.312160 8.529117 0.000000 978.363858
B-2 981.580860 3.216975 5.312166 8.529141 0.000000 978.363885
B-3 981.580857 3.216940 5.312157 8.529097 0.000000 978.363896
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:15:23 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS3 (POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4285
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 30,136.47
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 18,799.18
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 1,674,499.21
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 408,401.75
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 143,027,104.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,510
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 1,542,242.89
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.48223830 % 3.66734200 % 0.85042020 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.43352380 % 3.70688604 % 0.85959020 %
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 7.98670200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 167.64
POOL TRADING FACTOR: 91.05683710
................................................................................
Run: 09/30/98 09:15:26 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS4(POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4290
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FRM7 135,006,400.00 119,135,919.11 6.500000 % 2,126,714.04
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 37,250,534.77 6.148440 % 531,678.51
A-I-4 76110FRQ8 0.00 0.00 2.851560 % 0.00
A-I-5 76110FRR6 64,868,000.00 64,868,000.00 7.000000 % 0.00
A-II 76110FRS4 75,203,000.00 71,609,181.41 7.000000 % 938,818.83
A-V-1 0.00 0.00 0.902823 % 0.00
A-V-2 0.00 0.00 0.698590 % 0.00
R-I 76110FRV7 100.00 0.00 7.000000 % 0.00
R-II 76110FRW5 100.00 0.00 7.000000 % 0.00
M-1 76110FRX3 14,190,000.00 14,142,492.98 7.000000 % 9,848.18
M-2 76110FRY1 5,067,800.00 5,050,833.40 7.000000 % 3,517.17
M-3 76110FRZ8 5,067,800.00 5,050,833.40 7.000000 % 3,517.17
B-1 76110FSA2 2,230,000.00 2,222,534.13 7.000000 % 1,547.67
B-2 76110FSB0 1,216,400.00 1,212,327.59 7.000000 % 844.21
B-3 76110FSC8 1,621,792.30 1,616,362.68 7.000000 % 1,125.56
- -------------------------------------------------------------------------------
405,421,992.30 381,891,464.47 3,617,611.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 645,072.05 2,771,786.09 0.00 0.00 117,009,205.07
A-I-2 335,866.13 335,866.13 0.00 0.00 59,732,445.00
A-I-3 190,787.37 722,465.88 0.00 0.00 36,718,856.26
A-I-4 88,484.50 88,484.50 0.00 0.00 0.00
A-I-5 378,251.54 378,251.54 0.00 0.00 64,868,000.00
A-II 417,560.01 1,356,378.84 0.00 0.00 70,670,362.58
A-V-1 223,326.73 223,326.73 0.00 0.00 0.00
A-V-2 49,429.26 49,429.26 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 82,466.24 92,314.42 0.00 0.00 14,132,644.80
M-2 29,451.89 32,969.06 0.00 0.00 5,047,316.23
M-3 29,451.89 32,969.06 0.00 0.00 5,047,316.23
B-1 12,959.81 14,507.48 0.00 0.00 2,220,986.46
B-2 7,069.20 7,913.41 0.00 0.00 1,211,483.38
B-3 9,425.16 10,550.72 0.00 0.00 1,615,237.12
- -------------------------------------------------------------------------------
2,499,601.78 6,117,213.12 0.00 0.00 378,273,853.13
===============================================================================
Run: 09/30/98 09:15:26
Page: 2 of 3
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
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 882.446455 15.752691 4.778085 20.530776 0.000000 866.693765
A-I-2 1000.000000 0.000000 5.622842 5.622842 0.000000 1000.000000
A-I-3 903.740955 12.899134 4.628722 17.527856 0.000000 890.841821
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.831096 5.831096 0.000000 1000.000000
A-II 952.211766 12.483795 5.552438 18.036233 0.000000 939.727971
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.652078 0.694023 5.811574 6.505597 0.000000 995.958055
M-2 996.652078 0.694023 5.811573 6.505596 0.000000 995.958055
M-3 996.652078 0.694023 5.811573 6.505596 0.000000 995.958055
B-1 996.652076 0.694022 5.811574 6.505596 0.000000 995.958054
B-2 996.652080 0.694023 5.811575 6.505598 0.000000 995.958057
B-3 996.652087 0.694022 5.811570 6.505592 0.000000 995.958064
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:15:28 rept2.frg
Page: 3 of 3
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 79,154.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 14,138.06
SUBSERVICER ADVANCES THIS MONTH 43,613.67
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 4,970,844.66
(B) TWO MONTHLY PAYMENTS: 5 855,874.18
(C) THREE OR MORE MONTHLY PAYMENTS: 1 79,952.77
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 378,273,853.13
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,205
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 3,351,693.64
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.32887170 % 6.34844200 % 1.32268590 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.26090200 % 6.40469254 % 1.33440550 %
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 8.18542800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.78
POOL TRADING FACTOR: 93.30373298
................................................................................
Run: 09/30/98 09:12:52 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS5(POOL # 4299)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4299
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FSD6 151,551,000.00 140,476,164.36 6.750000 % 3,451,383.44
A-2 76110FSE4 75,936,500.00 75,936,500.00 6.750000 % 0.00
A-3 76110FSF1 17,485,800.00 17,485,800.00 6.750000 % 0.00
A-4 76110FSG9 13,164,700.00 13,164,700.00 6.750000 % 0.00
A-5 76110FSH7 67,790,000.00 67,790,000.00 6.750000 % 0.00
A-6-1 0.00 0.00 1.079560 % 0.00
A-6-2 0.00 0.00 0.875647 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,616,590.93 6.750000 % 8,719.55
M-2 76110FSM6 4,216,900.00 4,205,530.30 6.750000 % 2,906.52
M-3 76110FSN4 4,392,600.00 4,380,756.58 6.750000 % 3,027.62
B-1 76110FSP9 1,757,100.00 1,752,362.47 6.750000 % 1,211.09
B-2 76110FSQ7 1,054,300.00 1,051,457.38 6.750000 % 726.68
B-3 76110FSR5 1,405,623.28 1,401,833.41 6.750000 % 968.83
- -------------------------------------------------------------------------------
351,405,323.28 340,261,695.43 3,468,943.73
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 789,963.07 4,241,346.51 0.00 0.00 137,024,780.92
A-2 427,026.40 427,026.40 0.00 0.00 75,936,500.00
A-3 98,330.82 98,330.82 0.00 0.00 17,485,800.00
A-4 74,031.26 74,031.26 0.00 0.00 13,164,700.00
A-5 381,214.83 381,214.83 0.00 0.00 67,790,000.00
A-6-1 226,325.73 226,325.73 0.00 0.00 0.00
A-6-2 64,647.10 64,647.10 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 70,948.98 79,668.53 0.00 0.00 12,607,871.38
M-2 23,649.66 26,556.18 0.00 0.00 4,202,623.78
M-3 24,635.04 27,662.66 0.00 0.00 4,377,728.96
B-1 9,854.35 11,065.44 0.00 0.00 1,751,151.38
B-2 5,912.84 6,639.52 0.00 0.00 1,050,730.70
B-3 7,883.16 8,851.99 0.00 0.00 1,400,864.58
- -------------------------------------------------------------------------------
2,204,423.24 5,673,366.97 0.00 0.00 336,792,751.70
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 926.923375 22.773742 5.212523 27.986265 0.000000 904.149632
A-2 1000.000000 0.000000 5.623467 5.623467 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623467 5.623467 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623467 5.623467 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623467 5.623467 0.000000 1000.000000
A-6-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.303780 0.689254 5.608305 6.297559 0.000000 996.614526
M-2 997.303778 0.689255 5.608305 6.297560 0.000000 996.614523
M-3 997.303779 0.689255 5.608305 6.297560 0.000000 996.614524
B-1 997.303779 0.689255 5.608303 6.297558 0.000000 996.614524
B-2 997.303785 0.689254 5.608309 6.297563 0.000000 996.614531
B-3 997.303780 0.689253 5.608302 6.297555 0.000000 996.614527
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:12:54 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS5 (POOL # 4299)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4299
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 70,619.77
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,736.68
SUBSERVICER ADVANCES THIS MONTH 59,718.53
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 46 5,849,698.50
(B) TWO MONTHLY PAYMENTS: 8 1,568,109.19
(C) THREE OR MORE MONTHLY PAYMENTS: 3 156,434.48
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 710,639.55
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 336,792,751.70
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,710
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 3,233,782.74
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.53265020 % 6.23134400 % 1.23600550 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.46095090 % 6.29117581 % 1.24787330 %
BANKRUPTCY AMOUNT AVAILABLE 249,990.00
FRAUD AMOUNT AVAILABLE 7,028,106.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,514,053.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.10510536
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.88
POOL TRADING FACTOR: 95.84167609
................................................................................
Run: 09/30/98 09:15:31 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6(POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4301
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FSS3 20,174,375.00 19,677,345.37 6.750000 % 246,100.26
CB-2 76110FST1 39,313,092.00 39,313,092.00 6.750000 % 0.00
CB-3 76110FSU8 13,813,906.00 13,813,906.00 6.750000 % 0.00
CB-4 76110FSV6 16,300,000.00 15,345,703.11 6.750000 % 472,512.50
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 132,436,459.70 6.750000 % 2,012,029.59
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 75,051,578.01 6.750000 % 1,009,646.09
NB-2 76110FTA1 4,494,000.00 260,641.99 6.750000 % 262,107.87
NB-3 76110FTB9 9,662,500.00 9,662,500.00 6.750000 % 0.00
NB-4 76110FTC7 10,000,000.00 9,435,659.64 6.750000 % 141,053.78
A-P 76110FTE3 57,464.36 57,291.71 0.000000 % 52.35
A-V-1 0.00 0.00 1.028020 % 0.00
A-V-2 0.00 0.00 0.791798 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 13,048,534.41 6.750000 % 9,032.94
M-2 76110FTH6 5,029,000.00 5,018,628.70 6.750000 % 3,474.18
M-3 76110FTJ2 4,224,500.00 4,215,787.82 6.750000 % 2,918.41
B-1 76110FTK9 2,011,600.00 2,007,451.48 6.750000 % 1,389.67
B-2 76110FTL7 1,207,000.00 1,204,510.81 6.750000 % 833.83
B-3 76110FTM5 1,609,449.28 1,606,130.07 6.750000 % 1,111.85
- -------------------------------------------------------------------------------
402,311,611.64 391,093,845.82 4,162,263.32
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 110,667.77 356,768.03 0.00 0.00 19,431,245.11
CB-2 221,101.57 221,101.57 0.00 0.00 39,313,092.00
CB-3 77,691.07 77,691.07 0.00 0.00 13,813,906.00
CB-4 86,306.09 558,818.59 0.00 0.00 14,873,190.61
CB-5 115,294.48 115,294.48 0.00 0.00 20,500,000.00
CB-6 744,838.65 2,756,868.24 0.00 0.00 130,424,430.11
CB-7 159,942.27 159,942.27 0.00 0.00 28,438,625.00
NB-1 422,099.14 1,431,745.23 0.00 0.00 74,041,931.92
NB-2 0.00 262,107.87 1,465.88 0.00 0.00
NB-3 54,343.06 54,343.06 0.00 0.00 9,662,500.00
NB-4 53,067.29 194,121.07 0.00 0.00 9,294,605.86
A-P 0.00 52.35 0.00 0.00 57,239.36
A-V-1 250,816.65 250,816.65 0.00 0.00 0.00
A-V-2 64,832.66 64,832.66 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,386.54 82,419.48 0.00 0.00 13,039,501.47
M-2 28,225.38 31,699.56 0.00 0.00 5,015,154.52
M-3 23,710.10 26,628.51 0.00 0.00 4,212,869.41
B-1 11,290.14 12,679.81 0.00 0.00 2,006,061.81
B-2 6,774.31 7,608.14 0.00 0.00 1,203,676.98
B-3 9,033.07 10,144.92 0.00 0.00 1,605,018.21
- -------------------------------------------------------------------------------
2,513,420.24 6,675,683.56 1,465.88 0.00 386,933,048.37
===============================================================================
Run: 09/30/98 09:15:31
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6(POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4301
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 975.363320 12.198656 5.485561 17.684217 0.000000 963.164664
CB-2 1000.000000 0.000000 5.624121 5.624121 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.624120 5.624120 0.000000 1000.000000
CB-4 941.454179 28.988497 5.294852 34.283349 0.000000 912.465682
CB-5 1000.000000 0.000000 5.624121 5.624121 0.000000 1000.000000
CB-6 970.230474 14.740144 5.456693 20.196837 0.000000 955.490331
CB-7 1000.000000 0.000000 5.624121 5.624121 0.000000 1000.000000
NB-1 988.815331 13.302232 5.561217 18.863449 0.000000 975.513098
NB-2 57.997773 58.323959 0.000000 58.323959 0.326186 0.000000
NB-3 1000.000000 0.000000 5.624120 5.624120 0.000000 1000.000000
NB-4 943.565964 14.105378 5.306729 19.412107 0.000000 929.460586
A-P 996.995529 0.911060 0.000000 0.911060 0.000000 996.084469
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.937701 0.690829 5.612523 6.303352 0.000000 997.246872
M-2 997.937701 0.690829 5.612523 6.303352 0.000000 997.246872
M-3 997.937702 0.690830 5.612522 6.303352 0.000000 997.246872
B-1 997.937701 0.690828 5.612517 6.303345 0.000000 997.246873
B-2 997.937705 0.690829 5.612519 6.303348 0.000000 997.246877
B-3 997.937673 0.690826 5.612522 6.303348 0.000000 997.246839
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:15:33 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS6 (POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4301
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 81,163.72
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 15,550.47
SUBSERVICER ADVANCES THIS MONTH 56,861.07
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 5,866,555.28
(B) TWO MONTHLY PAYMENTS: 13 1,545,922.46
(C) THREE OR MORE MONTHLY PAYMENTS: 2 260,633.98
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 101,443.10
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 386,933,048.36
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,028
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 3,890,103.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.05580100 % 5.69759700 % 1.23195300 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.99974780 % 5.75487814 % 1.24452260 %
BANKRUPTCY AMOUNT AVAILABLE 182,918.00
FRAUD AMOUNT AVAILABLE 8,046,232.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,023,116.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.04619400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.01
POOL TRADING FACTOR: 96.17744981
................................................................................
Run: 09/30/98 09:15:36 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS7(POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4311
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FTZ6 172,668,000.00 168,830,646.93 6.750000 % 3,207,222.37
CB-2 76110FUA9 35,551,000.00 35,551,000.00 6.750000 % 0.00
CB-3 76110FUB7 44,215,000.00 44,215,000.00 6.750000 % 0.00
NB-1 76110FUC5 32,242,000.00 32,242,000.00 6.750000 % 0.00
NB-2 76110FUD3 77,840,000.00 77,154,763.63 6.750000 % 2,838,468.68
NB-3 76110FUE1 3,780,000.00 1,106,576.44 6.750000 % 1,112,799.62
NB-4 76110FUF1 13,684,000.00 13,684,000.00 6.750000 % 0.00
A-P 76110FUF8 73,404.89 73,275.62 0.000000 % 106.43
A-V 76110FUG6 0.00 0.00 0.968156 % 0.00
R 76110FUH4 100.00 0.00 6.750000 % 0.00
M-1 76110FUJ0 13,245,900.00 13,227,863.63 6.750000 % 9,097.64
M-2 76110FUK5 5,094,600.00 5,087,662.91 6.750000 % 3,499.11
M-3 76110FUM3 4,279,400.00 4,273,572.92 6.750000 % 2,939.21
B-1 76110FUN1 2,037,800.00 2,035,025.22 6.750000 % 1,399.62
B-2 76110FUP6 1,222,600.00 1,220,935.24 6.750000 % 839.71
B-3 76110FUQ4 1,631,527.35 1,629,305.75 6.750000 % 1,120.58
- -------------------------------------------------------------------------------
407,565,332.24 400,331,628.29 7,177,492.97
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 949,472.93 4,156,695.30 0.00 0.00 165,623,424.56
CB-2 199,932.38 199,932.38 0.00 0.00 35,551,000.00
CB-3 248,657.14 248,657.14 0.00 0.00 44,215,000.00
NB-1 181,323.16 181,323.16 0.00 0.00 32,242,000.00
NB-2 433,904.40 3,272,373.08 0.00 0.00 74,316,294.95
NB-3 0.00 1,112,799.62 6,223.18 0.00 0.00
NB-4 76,956.33 76,956.33 0.00 0.00 13,684,000.00
A-P 0.00 106.43 0.00 0.00 73,169.19
A-V 322,918.48 322,918.48 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 74,391.10 83,488.74 0.00 0.00 13,218,765.99
M-2 28,612.09 32,111.20 0.00 0.00 5,084,163.80
M-3 24,033.80 26,973.01 0.00 0.00 4,270,633.71
B-1 11,444.62 12,844.24 0.00 0.00 2,033,625.60
B-2 6,866.32 7,706.03 0.00 0.00 1,220,095.53
B-3 9,162.92 10,283.50 0.00 0.00 1,628,185.20
- -------------------------------------------------------------------------------
2,567,675.67 9,745,168.64 6,223.18 0.00 393,160,358.53
===============================================================================
Run: 09/30/98 09:15:36
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS7(POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4311
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 977.776119 18.574504 5.498836 24.073340 0.000000 959.201616
CB-2 1000.000000 0.000000 5.623819 5.623819 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.623819 5.623819 0.000000 1000.000000
NB-1 1000.000000 0.000000 5.623819 5.623819 0.000000 1000.000000
NB-2 991.196861 36.465425 5.574311 42.039736 0.000000 954.731436
NB-3 292.745090 294.391434 0.000000 294.391434 1.646344 0.000000
NB-4 1000.000000 0.000000 5.623818 5.623818 0.000000 1000.000000
A-P 998.238946 1.449933 0.000000 1.449933 0.000000 996.789013
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.638343 0.686827 5.616160 6.302987 0.000000 997.951516
M-2 998.638345 0.686827 5.616160 6.302987 0.000000 997.951517
M-3 998.638342 0.686828 5.616161 6.302989 0.000000 997.951514
B-1 998.638345 0.686829 5.616164 6.302993 0.000000 997.951516
B-2 998.638345 0.686823 5.616162 6.302985 0.000000 997.951521
B-3 998.638331 0.686829 5.616161 6.302990 0.000000 997.951518
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:15:37 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS7 (POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4311
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 82,470.78
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 71,239.78
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 60 8,206,880.39
(B) TWO MONTHLY PAYMENTS: 11 983,195.77
(C) THREE OR MORE MONTHLY PAYMENTS: 1 104,400.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 598,000.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 393,160,358.52
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,859
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 6,895,921.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.11879470 % 5.64259700 % 1.22030480 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.01542490 % 5.74156652 % 1.24193980 %
BANKRUPTCY AMOUNT AVAILABLE 167,865.00
FRAUD AMOUNT AVAILABLE 8,151,307.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,075,653.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.04389000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.90
POOL TRADING FACTOR: 96.46560377
................................................................................
Run: 09/30/98 09:15:41 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS8(POOL # 4306)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4306
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB 76110FTN3 124,454,000.00 122,168,339.38 6.500000 % 1,377,466.63
NB 76110FTP8 41,430,000.00 41,109,221.59 6.500000 % 149,342.94
A-P 76110FTQ6 63,383.01 62,908.95 0.000000 % 234.64
A-V 76110FTV5 0.00 0.00 0.943506 % 0.00
R 76110FTR4 100.00 0.00 6.500000 % 0.00
M-1 76110FTS2 4,507,000.00 4,479,146.68 6.500000 % 14,058.98
M-2 76110FTT0 780,000.00 775,179.59 6.500000 % 2,433.10
M-3 76110FTU7 693,500.00 689,214.16 6.500000 % 2,163.28
B-1 76110FTW3 520,000.00 516,786.39 6.500000 % 1,622.07
B-2 76110FTX1 433,500.00 430,820.96 6.500000 % 1,352.24
B-3 76110FTY9 433,464.63 430,785.81 6.500000 % 1,352.13
- -------------------------------------------------------------------------------
173,314,947.64 170,662,403.51 1,550,026.01
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 661,386.42 2,038,853.05 0.00 0.00 120,790,872.75
NB 222,554.23 371,897.17 0.00 0.00 40,959,878.65
A-P 0.00 234.64 0.00 0.00 62,674.31
A-V 134,111.42 134,111.42 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 24,248.89 38,307.87 0.00 0.00 4,465,087.70
M-2 4,196.61 6,629.71 0.00 0.00 772,746.49
M-3 3,731.22 5,894.50 0.00 0.00 687,050.88
B-1 2,797.74 4,419.81 0.00 0.00 515,164.32
B-2 2,332.34 3,684.58 0.00 0.00 429,468.72
B-3 2,332.15 3,684.28 0.00 0.00 429,433.68
- -------------------------------------------------------------------------------
1,057,691.02 2,607,717.03 0.00 0.00 169,112,377.50
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 981.634495 11.068078 5.314304 16.382382 0.000000 970.566416
NB 992.257340 3.604705 5.371813 8.976518 0.000000 988.652635
A-P 992.520709 3.701985 0.000000 3.701985 0.000000 988.818724
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.819987 3.119365 5.380273 8.499638 0.000000 990.700621
M-2 993.819987 3.119359 5.380269 8.499628 0.000000 990.700628
M-3 993.819986 3.119366 5.380274 8.499640 0.000000 990.700620
B-1 993.819981 3.119365 5.380269 8.499634 0.000000 990.700615
B-2 993.819977 3.119354 5.380254 8.499608 0.000000 990.700623
B-3 993.819980 3.119355 5.380254 8.499609 0.000000 990.700632
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:15:42 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS8 (POOL # 4306)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4306
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 35,445.52
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,219.49
SUBSERVICER ADVANCES THIS MONTH 26,293.91
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 2,657,897.56
(B) TWO MONTHLY PAYMENTS: 2 184,067.25
(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 169,112,377.50
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,696
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 1,014,336.94
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.67283570 % 3.48263000 % 0.80767240 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.68236340 % 3.50351947 % 0.81281820 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,733,149.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,733,149.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.77106900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 172.46
POOL TRADING FACTOR: 97.57518310
................................................................................
Run: 09/30/98 09:13:25 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS9(POOL # 4314)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4314
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FVL4 99,000,000.00 97,055,743.51 6.750000 % 5,031,591.47
A-2 76110FVM2 43,000,000.00 43,000,000.00 6.750000 % 0.00
A-3 76110FVNO 60,000,000.00 60,000,000.00 6.750000 % 0.00
A-4 76110FVP5 27,000,000.00 27,000,000.00 6.750000 % 0.00
A-5 76110FVQ3 52,500,000.00 52,500,000.00 6.750000 % 0.00
A-6 76110FVR1 36,500,000.00 36,500,000.00 6.750000 % 0.00
A-7 76110FVS9 25,000,000.00 25,000,000.00 6.750000 % 0.00
A-8 76110FVT7 10,405,000.00 10,405,000.00 6.448440 % 0.00
A-9 76110FVU4 3,469,000.00 3,469,000.00 7.654509 % 0.00
A-10 76110FVU2 7,590,000.00 7,560,376.61 6.750000 % 29,694.59
A-11 76110FVW0 7,500,000.00 7,500,000.00 6.750000 % 0.00
A-12 76110FVX8 28,126,000.00 28,126,000.00 6.750000 % 0.00
A-13 76110FVY6 77,829.78 77,762.64 0.000000 % 65.78
A-14 76110FVZ3 0.00 0.00 0.956248 % 0.00
R 76110FWA7 100.00 0.00 6.750000 % 0.00
M-1 76110FWB5 11,770,000.00 11,761,931.99 6.750000 % 8,087.41
M-2 76110FWC3 5,349,900.00 5,346,232.79 6.750000 % 3,676.02
M-3 76110FWD1 5,349,900.00 5,346,232.79 6.750000 % 3,676.02
B-1 76110FWE9 2,354,000.00 2,352,386.40 6.750000 % 1,617.48
B-2 76110FWF6 1,284,000.00 1,283,119.85 6.750000 % 882.26
B-3 76110FWG4 1,712,259.01 1,711,085.30 6.750000 % 1,176.53
- -------------------------------------------------------------------------------
427,987,988.79 425,994,871.88 5,080,467.56
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 545,696.68 5,577,288.15 0.00 0.00 92,024,152.04
A-2 241,767.84 241,767.84 0.00 0.00 43,000,000.00
A-3 337,350.47 337,350.47 0.00 0.00 60,000,000.00
A-4 151,807.71 151,807.71 0.00 0.00 27,000,000.00
A-5 295,181.66 295,181.66 0.00 0.00 52,500,000.00
A-6 205,221.54 205,221.54 0.00 0.00 36,500,000.00
A-7 140,562.70 140,562.70 0.00 0.00 25,000,000.00
A-8 55,888.58 55,888.58 0.00 0.00 10,405,000.00
A-9 22,118.11 22,118.11 0.00 0.00 3,469,000.00
A-10 42,508.28 72,202.87 0.00 0.00 7,530,682.02
A-11 42,168.81 42,168.81 0.00 0.00 7,500,000.00
A-12 158,138.66 158,138.66 0.00 0.00 28,126,000.00
A-13 0.00 65.78 0.00 0.00 77,696.86
A-14 339,313.50 339,313.50 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 66,131.56 74,218.97 0.00 0.00 11,753,844.58
M-2 30,059.24 33,735.26 0.00 0.00 5,342,556.77
M-3 30,059.24 33,735.26 0.00 0.00 5,342,556.77
B-1 13,226.31 14,843.79 0.00 0.00 2,350,768.92
B-2 7,214.35 8,096.61 0.00 0.00 1,282,237.59
B-3 9,620.59 10,797.12 0.00 0.00 1,709,908.77
- -------------------------------------------------------------------------------
2,734,035.83 7,814,503.39 0.00 0.00 420,914,404.32
===============================================================================
Run: 09/30/98 09:13:25
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS9(POOL # 4314)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4314
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 980.361046 50.824156 5.512088 56.336244 0.000000 929.536889
A-2 1000.000000 0.000000 5.622508 5.622508 0.000000 1000.000000
A-3 1000.000000 0.000000 5.622508 5.622508 0.000000 1000.000000
A-4 1000.000000 0.000000 5.622508 5.622508 0.000000 1000.000000
A-5 1000.000000 0.000000 5.622508 5.622508 0.000000 1000.000000
A-6 1000.000000 0.000000 5.622508 5.622508 0.000000 1000.000000
A-7 1000.000000 0.000000 5.622508 5.622508 0.000000 1000.000000
A-8 1000.000000 0.000000 5.371320 5.371320 0.000000 1000.000000
A-9 1000.000000 0.000000 6.375933 6.375933 0.000000 1000.000000
A-10 996.097050 3.912331 5.600564 9.512895 0.000000 992.184719
A-11 1000.000000 0.000000 5.622508 5.622508 0.000000 1000.000000
A-12 1000.000000 0.000000 5.622508 5.622508 0.000000 1000.000000
A-13 999.137348 0.845178 0.000000 0.845178 0.000000 998.292170
A-14 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.314528 0.687121 5.618654 6.305775 0.000000 998.627407
M-2 999.314527 0.687119 5.618655 6.305774 0.000000 998.627408
M-3 999.314527 0.687119 5.618655 6.305774 0.000000 998.627408
B-1 999.314528 0.687120 5.618653 6.305773 0.000000 998.627409
B-2 999.314525 0.687118 5.618653 6.305771 0.000000 998.627407
B-3 999.314525 0.687122 5.618653 6.305775 0.000000 998.627404
_______________________________________________________________________________
DETERMINATION DATE 21-September-98
DISTRIBUTION DATE 25-September-98
Run: 09/30/98 09:13:27 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS9 (POOL # 4314)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4314
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 88,221.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,861.66
SUBSERVICER ADVANCES THIS MONTH 168,894.15
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 182 20,591,619.56
(B) TWO MONTHLY PAYMENTS: 21 2,707,230.14
(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 420,914,404.32
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,129
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 4,787,544.77
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.47267610 % 5.27201100 % 1.25531270 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.39841960 % 5.33100267 % 1.26959350 %
BANKRUPTCY AMOUNT AVAILABLE 183,581.00
FRAUD AMOUNT AVAILABLE 8,559,760.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,279,880.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.03257980
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.04
POOL TRADING FACTOR: 98.34724697
................................................................................
Run: 09/30/98 09:13:51 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS11(POOL # 4319)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4319
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FWH2 112,117,000.00 112,117,000.00 6.750000 % 2,269,526.75
A-2 76110FWJ8 47,967,000.00 47,967,000.00 6.750000 % 0.00
A-3 76110FWK5 67,521,000.00 67,521,000.00 6.750000 % 0.00
A-4 76110FWL3 30,346,000.00 30,346,000.00 6.750000 % 0.00
A-5 76110FWM1 45,610,000.00 45,610,000.00 6.750000 % 0.00
A-6 76110FWN9 28,628,000.00 28,628,000.00 6.750000 % 0.00
A-7 76110FWP4 16,219,000.00 16,219,000.00 6.456000 % 0.00
A-8 76110FWQ2 5,046,000.00 5,046,000.00 7.694000 % 0.00
A-9 76110FWR0 96,429,000.00 96,429,000.00 6.750000 % 0.00
A-10 76110FWS8 62,872.89 62,872.89 0.000000 % 87.50
A-11 76110FWT6 0.00 0.00 0.908734 % 0.00
R 76110FWU3 100.00 100.00 6.750000 % 100.00
M-1 76110FWV1 13,198,800.00 13,198,800.00 6.750000 % 9,118.21
M-2 76110FWW9 6,000,000.00 6,000,000.00 6.750000 % 4,145.02
M-3 76110FWX7 4,799,500.00 4,799,500.00 6.750000 % 3,315.67
B-1 76110FWY5 2,639,600.00 2,639,600.00 6.750000 % 1,823.53
B-2 76110FWZ2 1,439,500.00 1,439,500.00 6.750000 % 994.46
B-3 76110FXA6 1,919,815.88 1,919,815.88 6.750000 % 1,326.26
- -------------------------------------------------------------------------------
479,943,188.77 479,943,188.77 2,290,437.40
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 630,429.70 2,899,956.45 0.00 0.00 109,847,473.25
A-2 269,716.65 269,716.65 0.00 0.00 47,967,000.00
A-3 379,668.06 379,668.06 0.00 0.00 67,521,000.00
A-4 170,634.42 170,634.42 0.00 0.00 30,346,000.00
A-5 256,463.32 256,463.32 0.00 0.00 45,610,000.00
A-6 160,974.17 160,974.17 0.00 0.00 28,628,000.00
A-7 87,226.61 87,226.61 0.00 0.00 16,219,000.00
A-8 32,341.55 32,341.55 0.00 0.00 5,046,000.00
A-9 542,216.66 542,216.66 0.00 0.00 96,429,000.00
A-10 0.00 87.50 0.00 0.00 62,785.39
A-11 363,318.76 363,318.76 0.00 0.00 0.00
R 0.56 100.56 0.00 0.00 0.00
M-1 74,216.36 83,334.57 0.00 0.00 13,189,681.79
M-2 33,737.78 37,882.80 0.00 0.00 5,995,854.98
M-3 26,987.41 30,303.08 0.00 0.00 4,796,184.33
B-1 14,842.37 16,665.90 0.00 0.00 2,637,776.47
B-2 8,094.26 9,088.72 0.00 0.00 1,438,505.54
B-3 10,795.05 12,121.31 0.00 0.00 1,918,489.62
- -------------------------------------------------------------------------------
3,061,663.69 5,352,101.09 0.00 0.00 477,652,751.37
===============================================================================
Run: 09/30/98 09:13:51
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS11(POOL # 4319)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4319
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 20.242486 5.622963 25.865449 0.000000 979.757515
A-2 1000.000000 0.000000 5.622963 5.622963 0.000000 1000.000000
A-3 1000.000000 0.000000 5.622963 5.622963 0.000000 1000.000000
A-4 1000.000000 0.000000 5.622962 5.622962 0.000000 1000.000000
A-5 1000.000000 0.000000 5.622963 5.622963 0.000000 1000.000000
A-6 1000.000000 0.000000 5.622962 5.622962 0.000000 1000.000000
A-7 1000.000000 0.000000 5.378051 5.378051 0.000000 1000.000000
A-8 1000.000000 0.000000 6.409344 6.409344 0.000000 1000.000000
A-9 1000.000000 0.000000 5.622963 5.622963 0.000000 1000.000000
A-10 1000.000000 1.391697 0.000000 1.391697 0.000000 998.608303
A-11 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.600000 1005.600000 0.000000 0.000000
M-1 1000.000000 0.690836 5.622963 6.313799 0.000000 999.309164
M-2 1000.000000 0.690837 5.622963 6.313800 0.000000 999.309163
M-3 1000.000000 0.690837 5.622963 6.313800 0.000000 999.309164
B-1 1000.000000 0.690836 5.622962 6.313798 0.000000 999.309164
B-2 1000.000000 0.690837 5.622966 6.313803 0.000000 999.309163
B-3 1000.000000 0.690837 5.622961 6.313798 0.000000 999.309173
_______________________________________________________________________________
DETERMINATION DATE 20-Sep-98
DISTRIBUTION DATE 25-Sep-98
Run: 09/30/98 09:13:53 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS11 (POOL # 4319)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4319
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 99,824.37
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 28,980.16
SUBSERVICER ADVANCES THIS MONTH 71,878.24
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 81 9,728,178.30
(B) TWO MONTHLY PAYMENTS: 2 364,671.29
(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 477,652,751.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,540
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 1,958,866.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.74902140 % 5.00089300 % 1.25008580 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.72338310 % 5.02074384 % 1.25521310 %
BANKRUPTCY AMOUNT AVAILABLE 158,980.00
FRAUD AMOUNT AVAILABLE 9,598,864.00
SPECIAL HAZARD AMOUNT AVAILABLE 48,007,788.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.98689851
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 0.00
POOL TRADING FACTOR: 99.52276906
................................................................................
