SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
December 25, 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
333-63549
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the December 1998 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
<PAGE>
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
1998-QS12 RALI 30 YR FIXED RALI 1998-QS14 RALI 1998 QS15 RALI 1998-QS16 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 Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: December 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: December 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 0.00 6.900000 % 0.00
A-3 76110FAC7 22,250,000.00 14,526,936.11 7.300000 % 3,657,773.42
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 2,146,747.78 0.000000 % 60,859.47
- -------------------------------------------------------------------------------
258,459,514.42 115,882,683.89 3,718,632.89
===============================================================================
_______________________________________________________________________________
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 88,372.19 3,746,145.61 0.00 0.00 10,869,162.69
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 122,150.96 183,010.43 0.00 0.00 2,085,888.31
- -------------------------------------------------------------------------------
830,579.40 4,549,212.29 0.00 0.00 112,164,051.00
===============================================================================
_______________________________________________________________________________
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-3 652.896005 164.394311 3.971784 168.366095 0.000000 488.501694
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-December-98
DISTRIBUTION DATE 28-December-98
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Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4180
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 23,361.02
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 85,019.83
MASTER SERVICER ADVANCES THIS MONTH 10,224.98
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 72 5,179,581.20
(B) TWO MONTHLY PAYMENTS: 13 1,754,432.27
(C) THREE OR MORE MONTHLY PAYMENTS: 6 637,328.36
FORECLOSURES
NUMBER OF LOANS 17
AGGREGATE PRINCIPAL BALANCE 2,280,992.12
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 112,164,051.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,342
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 1,242,593.42
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,471,459.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.14748180 % 1.85251820 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.14032370 % 1.85967630 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33713006
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 287.99
POOL TRADING FACTOR: 43.39714529
................................................................................
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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 0.00 6.250000 % 0.00
A-I-3 76110FAJ2 22,562,000.00 18,043,260.81 6.750000 % 3,832,704.29
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 10,527,843.11 5.402500 % 21,642.96
R 0.53 1,972,418.82 0.000000 % 26,824.09
- -------------------------------------------------------------------------------
255,942,104.53 115,347,658.74 3,881,171.34
===============================================================================
_______________________________________________________________________________
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-3 101,493.34 3,934,197.63 0.00 0.00 14,210,556.52
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 47,397.23 69,040.19 0.00 0.00 10,506,200.15
R 0.00 26,824.09 0.00 0.00 1,706,332.45
- -------------------------------------------------------------------------------
640,369.57 4,521,540.91 0.00 0.00 111,227,225.12
===============================================================================
_______________________________________________________________________________
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-3 799.719032 169.874315 4.498419 174.372734 0.000000 629.844718
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 358.395049 0.736782 1.613524 2.350306 0.000000 357.658267
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-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 24,032.58
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 72,902.62
MASTER SERVICER ADVANCES THIS MONTH 13,066.29
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 42 5,254,765.79
(B) TWO MONTHLY PAYMENTS: 8 1,200,991.90
(C) THREE OR MORE MONTHLY PAYMENTS: 3 349,733.65
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 2,183,700.32
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 111,227,225.12
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,065
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,631,454.01
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,136,248.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.29002270 % 1.70997730 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.46590400 % 1.53409600 %
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 8.95673300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 296.95
POOL TRADING FACTOR: 43.45796301
................................................................................
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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 4,715,299.03 7.050000 % 4,488,780.15
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 178,007.00 129,848.73 0.000000 % 1,437.21
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 103,897,672.94 4,490,217.36
===============================================================================
_______________________________________________________________________________
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 27,702.38 4,516,482.53 0.00 0.00 226,518.88
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 1,437.21 0.00 0.00 128,411.52
R 0.00 0.00 0.00 0.00 1,752,260.78
- -------------------------------------------------------------------------------
622,202.86 5,112,420.22 0.00 0.00 99,340,602.18
===============================================================================
_______________________________________________________________________________
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-3 165.449089 157.501058 0.972013 158.473071 0.000000 7.948031
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-10 729.458561 8.073896 0.000000 8.073896 0.000000 721.384665
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-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 21,113.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 70,154.27
MASTER SERVICER ADVANCES THIS MONTH 5,605.01
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 44 4,546,984.52
(B) TWO MONTHLY PAYMENTS: 10 1,598,505.41
(C) THREE OR MORE MONTHLY PAYMENTS: 3 713,640.45
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 2,037,513.97
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 99,340,602.18
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,039
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 727,658.59
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,104,161.84
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.24912900 % 1.75087100 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.23610820 % 1.76389180 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.79566696
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 303.74
POOL TRADING FACTOR: 54.60932759
................................................................................
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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 0.00 7.290000 % 0.00
A-I-4 76110FBF9 25,000,000.00 0.00 7.250000 % 0.00
A-I-5 76110FBG7 18,587,000.00 18,308,561.99 7.460000 % 6,034,623.91
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 12,710,606.73 7.750000 % 416,016.65
A-P 76110FBQ5 1,166,695.86 918,168.57 0.000000 % 8,414.95
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 12,168,765.88 7.750000 % 12,665.56
M-2 76110FBU6 5,568,000.00 5,408,124.53 7.750000 % 5,628.91
M-3 76110FBV4 4,176,000.00 4,056,093.40 7.750000 % 4,221.69
B-1 1,809,600.00 1,757,640.46 7.750000 % 1,829.40
B-2 696,000.00 676,015.56 7.750000 % 703.61
B-3 1,670,738.96 1,483,087.52 7.750000 % 1,543.63
A-V 76110FHY2 0.00 0.00 0.694908 % 0.00
STRIP 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 164,686,626.64 6,485,648.31
===============================================================================
_______________________________________________________________________________
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 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-5 113,704.34 6,148,328.25 0.00 0.00 12,273,938.08
A-I-6 139,979.80 139,979.80 0.00 0.00 21,696,000.00
A-I-7 51,918.21 51,918.21 0.00 0.00 8,047,000.00
A-I-8 112,494.83 112,494.83 0.00 0.00 17,436,000.00
A-I-9 162,232.30 162,232.30 0.00 0.00 25,145,000.00
A-I-10 122,585.55 122,585.55 0.00 0.00 19,000,000.00
A-I-11 102,427.08 102,427.08 0.00 0.00 15,875,562.00
A-II 82,007.20 498,023.85 0.00 0.00 12,294,590.08
A-P 0.00 8,414.95 0.00 0.00 909,753.62
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 78,511.31 91,176.87 0.00 0.00 12,156,100.32
M-2 34,892.52 40,521.43 0.00 0.00 5,402,495.62
M-3 26,169.39 30,391.08 0.00 0.00 4,051,871.71
B-1 11,340.07 13,169.47 0.00 0.00 1,755,811.06
B-2 4,361.56 5,065.17 0.00 0.00 675,311.95
B-3 9,568.69 11,112.32 0.00 0.00 1,481,543.89
A-V 95,272.88 95,272.88 0.00 0.00 0.00
STRIP 4,420.14 4,420.14 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,151,885.87 7,637,534.18 0.00 0.00 158,200,978.33
===============================================================================
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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 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-5 985.019744 324.669065 6.117412 330.786477 0.000000 660.350680
A-I-6 1000.000000 0.000000 6.451871 6.451871 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.451872 6.451872 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.451871 6.451871 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.451871 6.451871 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.451871 6.451871 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.451871 6.451871 0.000000 1000.000000
A-II 618.477730 20.242703 3.990339 24.233042 0.000000 598.235028
A-P 786.981939 7.212630 0.000000 7.212630 0.000000 779.769309
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-1 971.286737 1.010940 6.266617 7.277557 0.000000 970.275797
M-2 971.286733 1.010939 6.266616 7.277555 0.000000 970.275794
M-3 971.286734 1.010941 6.266616 7.277557 0.000000 970.275793
B-1 971.286726 1.010942 6.266617 7.277559 0.000000 970.275785
B-2 971.286724 1.010934 6.266609 7.277543 0.000000 970.275790
B-3 887.683567 0.923921 5.727220 6.651141 0.000000 886.759644
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:20 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 33,996.38
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 66,093.13
MASTER SERVICER ADVANCES THIS MONTH 1,838.74
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 5,827,423.50
(B) TWO MONTHLY PAYMENTS: 6 463,334.61
(C) THREE OR MORE MONTHLY PAYMENTS: 4 502,894.52
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 1,512,313.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 158,200,978.33
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,602
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 4
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 229,934.28
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,306,828.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.92832710 % 13.13584700 % 2.37830090 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 83.77332580 % 13.66013528 % 2.48753030 %
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 8.72709600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 302.96
POOL TRADING FACTOR: 56.82409763
................................................................................
Run: 12/29/98 16:49:21 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 2,418,963.63 11.000000 % 821,805.04
A-I-3 76110FBY8 15,646,000.00 0.00 7.300000 % 0.00
A-I-4 76110FBZ5 32,740,000.00 8,501,262.50 7.500000 % 4,930,529.06
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 5,463,274.98 7.250000 % 163,090.67
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,109,230.08 0.000000 % 27,038.29
A-V-1 0.00 0.00 0.945810 % 0.00
A-V-2 0.00 0.00 0.377494 % 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 12,857,468.55 8.000000 % 14,580.64
M-2 76110FCN1 5,570,800.00 5,413,732.33 8.000000 % 6,139.29
M-3 76110FCP6 4,456,600.00 4,330,947.01 8.000000 % 4,911.39
B-1 76110FCR2 2,228,400.00 2,165,570.69 8.000000 % 2,455.80
B-2 76110FCS0 696,400.00 678,109.38 8.000000 % 768.99
B-3 76110FCT8 1,671,255.97 1,093,508.26 8.000000 % 0.00
STRIP 0.00 0.00 0.157617 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 155,408,067.41 5,971,319.17
===============================================================================
_______________________________________________________________________________
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 22,080.49 843,885.53 0.00 0.00 1,597,158.59
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 52,909.22 4,983,438.28 0.00 0.00 3,570,733.44
A-I-5 64,043.51 64,043.51 0.00 0.00 10,023,000.00
A-I-6 177,987.57 177,987.57 0.00 0.00 26,811,000.00
A-I-7 119,800.22 119,800.22 0.00 0.00 18,046,000.00
A-I-8 60,371.45 60,371.45 0.00 0.00 9,094,000.00
A-I-9 68,271.39 68,271.39 0.00 0.00 10,284,000.00
A-I-10 180,528.66 180,528.66 0.00 0.00 27,538,000.00
A-II-1 32,868.34 195,959.01 0.00 0.00 5,300,184.31
A-II-2 54,467.24 54,467.24 0.00 0.00 8,580,000.00
A-P 0.00 27,038.29 0.00 0.00 2,082,191.79
A-V-1 81,486.67 81,486.67 0.00 0.00 0.00
A-V-2 16,159.03 16,159.03 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 85,355.62 99,936.26 0.00 0.00 12,842,887.91
M-2 35,939.62 42,078.91 0.00 0.00 5,407,593.04
M-3 28,751.43 33,662.82 0.00 0.00 4,326,035.62
B-1 14,376.36 16,832.16 0.00 0.00 2,163,114.89
B-2 8,093.57 8,862.56 0.00 0.00 677,340.39
B-3 4,907.38 4,907.38 0.00 0.00 1,092,268.19
STRIP 8,177.85 8,177.85 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,116,575.62 7,087,894.79 0.00 0.00 149,435,508.17
===============================================================================
Run: 12/29/98 16:49:21
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 89.774119 30.499352 0.819465 31.318817 0.000000 59.274767
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 259.659820 150.596489 1.616042 152.212531 0.000000 109.063331
A-I-5 1000.000000 0.000000 6.389655 6.389655 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.638602 6.638602 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.638602 6.638602 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.638602 6.638602 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.638603 6.638603 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.555620 6.555620 0.000000 1000.000000
A-II-1 341.007114 10.179806 2.051579 12.231385 0.000000 330.827309
A-II-2 1000.000000 0.000000 6.348163 6.348163 0.000000 1000.000000
A-P 693.908316 8.895232 0.000000 8.895232 0.000000 685.013084
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-1 971.805189 1.102048 6.451428 7.553476 0.000000 970.703141
M-2 971.805186 1.102048 6.451429 7.553477 0.000000 970.703138
M-3 971.805190 1.102049 6.451427 7.553476 0.000000 970.703141
B-1 971.805192 1.102046 6.451427 7.553473 0.000000 970.703146
B-2 973.735468 1.104236 11.622013 12.726249 0.000000 972.631232
B-3 654.303278 0.000000 2.936343 2.936343 0.000000 653.561277
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:22 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 31,714.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 57,995.17
MASTER SERVICER ADVANCES THIS MONTH 7,835.95
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 46 4,744,003.45
(B) TWO MONTHLY PAYMENTS: 8 760,336.52
(C) THREE OR MORE MONTHLY PAYMENTS: 5 475,047.93
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 981,749.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 149,435,508.17
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,645
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 6
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 928,101.47
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,788,856.06
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 81.56558620 % 14.54374200 % 2.53345170 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.00974320 % 15.10786616 % 2.66890730 %
BANKRUPTCY AMOUNT AVAILABLE 205,069.00
FRAUD AMOUNT AVAILABLE 2,211,823.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,211,823.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.97256300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 295.33
POOL TRADING FACTOR: 53.65037866
................................................................................
Run: 12/29/98 16:49:22 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 1,853,243.49 9.500000 % 409,336.77
A-I-2 76110FCV3 25,000,000.00 4,482,447.48 7.600000 % 990,064.90
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 0.00 7.600000 % 0.00
A-I-6 76110FCZ4 5,558,000.00 4,940,204.95 7.800000 % 1,091,172.06
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 4,169,480.06 8.000000 % 126,652.57
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 828,707.07 0.000000 % 1,293.51
A-V-1 0.00 0.00 1.021882 % 0.00
A-V-2 0.00 0.00 0.486823 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,688,571.86 8.000000 % 11,565.76
M-2 76110FDK6 3,958,800.00 3,843,849.02 8.000000 % 5,782.22
M-3 76110FDL4 2,815,100.00 2,733,358.44 8.000000 % 4,111.73
B-1 76110FDM2 1,407,600.00 1,366,727.76 8.000000 % 2,055.94
B-2 76110FDN0 439,800.00 427,029.60 8.000000 % 642.37
B-3 76110FDP5 1,055,748.52 974,612.08 8.000000 % 1,466.09
- -------------------------------------------------------------------------------
175,944,527.21 95,373,231.81 2,644,143.92
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 14,667.34 424,004.11 0.00 0.00 1,443,906.72
A-I-2 28,380.76 1,018,445.66 0.00 0.00 3,492,382.58
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 0.00 0.00 0.00 0.00 0.00
A-I-6 32,102.20 1,123,274.26 0.00 0.00 3,849,032.89
A-I-7 112,807.91 112,807.91 0.00 0.00 16,926,000.00
A-I-8 45,880.28 45,880.28 0.00 0.00 6,884,000.00
A-I-9 74,838.71 74,838.71 0.00 0.00 11,229,000.00
A-I-10 149,964.02 149,964.02 0.00 0.00 22,501,000.00
A-II-1 27,788.63 154,441.20 0.00 0.00 4,042,827.49
A-II-2 30,158.09 30,158.09 0.00 0.00 4,525,000.00
A-P 0.00 1,293.51 0.00 0.00 827,413.56
A-V-1 57,213.99 57,213.99 0.00 0.00 0.00
A-V-2 11,423.90 11,423.90 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 51,242.57 62,808.33 0.00 0.00 7,677,006.10
M-2 25,618.37 31,400.59 0.00 0.00 3,838,066.80
M-3 18,217.21 22,328.94 0.00 0.00 2,729,246.71
B-1 9,108.93 11,164.87 0.00 0.00 1,364,671.82
B-2 2,846.05 3,488.42 0.00 0.00 426,387.23
B-3 6,495.56 7,961.65 0.00 0.00 958,784.13
- -------------------------------------------------------------------------------
698,754.52 3,342,898.44 0.00 0.00 92,714,726.03
===============================================================================
Run: 12/29/98 16:49:22
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 77.710646 17.164407 0.615034 17.779441 0.000000 60.546240
A-I-2 179.297899 39.602596 1.135230 40.737826 0.000000 139.695303
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-6 888.845799 196.324588 5.775855 202.100443 0.000000 692.521211
A-I-7 1000.000000 0.000000 6.664771 6.664771 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.664770 6.664770 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.664771 6.664771 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.664771 6.664771 0.000000 1000.000000
A-II-1 373.542381 11.346763 2.489574 13.836337 0.000000 362.195618
A-II-2 1000.000000 0.000000 6.664771 6.664771 0.000000 1000.000000
A-P 749.365258 1.169667 0.000000 1.169667 0.000000 748.195591
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-1 970.963170 1.460600 6.471247 7.931847 0.000000 969.502570
M-2 970.963176 1.460599 6.471246 7.931845 0.000000 969.502577
M-3 970.963177 1.460598 6.471248 7.931846 0.000000 969.502579
B-1 970.963171 1.460600 6.471249 7.931849 0.000000 969.502572
B-2 970.963165 1.460596 6.471237 7.931833 0.000000 969.502569
B-3 923.147948 1.388674 6.152564 7.541238 0.000000 908.155788
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:23 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 19,554.23
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 54,733.87
MASTER SERVICER ADVANCES THIS MONTH 2,780.67
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 3,897,574.37
(B) TWO MONTHLY PAYMENTS: 2 433,427.95
(C) THREE OR MORE MONTHLY PAYMENTS: 6 1,169,226.56
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 1,024,070.51
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 92,714,726.03
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,015
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 341,634.28
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,457,289.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 34,320.84
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 81.27057720 % 14.95784400 % 2.90266920 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 81.50543060 % 15.36359996 % 2.99262550 %
BANKRUPTCY AMOUNT AVAILABLE 125,000.00
FRAUD AMOUNT AVAILABLE 1,003,426.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,900,000.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.11815100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 300.78
POOL TRADING FACTOR: 52.69543049
................................................................................
Run: 12/29/98 16:49:23 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 4,953,892.09 5.439840 % 1,116,662.23
A-I-3 76110FDS9 0.00 0.00 3.560160 % 0.00
A-I-4 76110FDT7 13,330,948.00 0.00 7.125000 % 0.00
A-I-5 76110FDU4 24,973,716.00 5,965,800.70 7.600000 % 3,490,727.13
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 % 224,006.15
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 12,806,654.52 8.000000 % 449,496.66
A-P 76110FED1 601,147.92 407,522.43 0.000000 % 900.78
A-V-1 0.00 0.00 0.891890 % 0.00
A-V-2 0.00 0.00 0.533540 % 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 8,880,566.66 8.000000 % 9,317.42
M-2 76110FEH2 5,126,400.00 4,994,770.69 8.000000 % 5,240.47
M-3 76110FEJ8 3,645,500.00 3,551,895.38 8.000000 % 3,726.62
B-1 1,822,700.00 1,775,898.99 8.000000 % 1,863.26
B-2 569,600.00 554,974.54 8.000000 % 582.27
B-3 1,366,716.75 1,250,454.33 8.000000 % 1,311.95
- -------------------------------------------------------------------------------
227,839,864.67 128,898,129.33 5,303,834.94
===============================================================================
_______________________________________________________________________________
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 22,292.09 1,138,954.32 0.00 0.00 3,837,229.86
A-I-3 14,589.29 14,589.29 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 37,505.97 3,528,233.10 0.00 0.00 2,475,073.57
A-I-6 491.64 491.64 0.00 0.00 0.00
A-I-7 6,369.55 230,375.70 0.00 0.00 775,993.85
A-I-8 60,763.60 60,763.60 0.00 0.00 9,539,699.00
A-I-9 149,070.66 149,070.66 0.00 0.00 22,526,000.00
A-I-10 77,096.39 77,096.39 0.00 0.00 11,650,000.00
A-I-11 201,317.53 201,317.53 0.00 0.00 30,421,000.00
A-I-12 57,038.09 57,038.09 0.00 0.00 8,619,000.00
A-II 84,750.80 534,247.46 0.00 0.00 12,357,157.86
A-P 0.00 900.78 0.00 0.00 406,621.65
A-V-1 72,678.96 72,678.96 0.00 0.00 0.00
A-V-2 13,411.99 13,411.99 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 58,769.07 68,086.49 0.00 0.00 8,871,249.24
M-2 33,053.97 38,294.44 0.00 0.00 4,989,530.22
M-3 23,505.43 27,232.05 0.00 0.00 3,548,168.76
B-1 11,752.40 13,615.66 0.00 0.00 1,774,035.73
B-2 3,672.66 4,254.93 0.00 0.00 554,392.27
B-3 8,275.15 9,587.10 0.00 0.00 1,155,264.84
- -------------------------------------------------------------------------------
936,405.24 6,240,240.18 0.00 0.00 123,500,416.85
===============================================================================
Run: 12/29/98 16:49:23
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-2 114.349219 25.775582 0.514562 26.290144 0.000000 88.573636
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-5 238.883180 139.776040 1.501818 141.277858 0.000000 99.107140
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 1000.000000 224.006147 6.369550 230.375697 0.000000 775.993853
A-I-8 1000.000000 0.000000 6.369551 6.369551 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.617716 6.617716 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.617716 6.617716 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.617716 6.617716 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.617716 6.617716 0.000000 1000.000000
A-II 637.020221 22.358568 4.215619 26.574187 0.000000 614.661652
A-P 677.907078 1.498437 0.000000 1.498437 0.000000 676.408641
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-1 974.323246 1.022252 6.447795 7.470047 0.000000 973.300994
M-2 974.323246 1.022251 6.447794 7.470045 0.000000 973.300995
M-3 974.323242 1.022252 6.447793 7.470045 0.000000 973.300990
B-1 974.323251 1.022253 6.447797 7.470050 0.000000 973.300999
B-2 974.323279 1.022244 6.447788 7.470032 0.000000 973.301036
B-3 914.933054 0.959928 6.054766 7.014694 0.000000 845.284761
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:24 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 26,177.52
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 51,895.81
MASTER SERVICER ADVANCES THIS MONTH 1,566.36
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 4,524,872.42
(B) TWO MONTHLY PAYMENTS: 5 482,674.37
(C) THREE OR MORE MONTHLY PAYMENTS: 6 314,196.71
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 931,732.37
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 123,500,416.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,334
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 189,524.81
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,995,388.02
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.38526470 % 13.52016000 % 2.77841730 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.02705590 % 14.09626677 % 2.83011250 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,279,136.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,637,912.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.11144700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 301.86
POOL TRADING FACTOR: 54.20492021
................................................................................
Run: 12/29/98 16:47:31 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-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 1,409,379.56 7.400000 % 167,900.82
A-2 76110FEL3 4,074,824.00 0.00 7.300000 % 0.00
A-3 76110FEM1 13,128,206.00 8,652,759.88 7.050000 % 1,421,852.01
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 3,154,877.68 7.400000 % 685,643.97
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 13,309,110.86 5.539840 % 1,338,237.93
A-8 76110FES8 0.00 0.00 3.460160 % 0.00
A-9 76110FET6 32,965,000.00 0.00 0.000000 % 0.00
A-10 76110FEU3 20,953,719.00 18,221,359.63 7.400000 % 1,082,173.31
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 85,424.44 0.000000 % 1,703.21
A-15-1 0.00 0.00 0.987979 % 0.00
A-15-2 0.00 0.00 0.555485 % 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 6,421,108.64 7.750000 % 4,841.85
M-2 76110FFC2 4,440,700.00 4,280,771.24 7.750000 % 3,227.92
M-3 76110FFD0 3,108,500.00 2,996,549.51 7.750000 % 2,259.55
B-1 1,509,500.00 1,455,136.39 7.750000 % 1,097.25
B-2 444,000.00 428,009.66 7.750000 % 322.74
B-3 1,154,562.90 1,048,293.29 7.750000 % 790.39
- -------------------------------------------------------------------------------
177,623,205.60 104,450,386.78 4,710,050.95
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 8,619.22 176,520.04 0.00 0.00 1,241,478.74
A-2 0.00 0.00 0.00 0.00 0.00
A-3 50,414.11 1,472,266.12 0.00 0.00 7,230,907.87
A-4 22,715.03 22,715.03 0.00 0.00 3,765,148.00
A-5 19,294.02 704,937.99 0.00 0.00 2,469,233.71
A-6 15,903.66 15,903.66 0.00 0.00 2,600,500.00
A-7 60,933.29 1,399,171.22 0.00 0.00 11,970,872.93
A-8 38,058.67 38,058.67 0.00 0.00 0.00
A-9 0.00 0.00 0.00 0.00 0.00
A-10 111,434.81 1,193,608.12 0.00 0.00 17,139,186.32
A-11 89,508.01 89,508.01 0.00 0.00 13,975,000.00
A-12 12,809.74 12,809.74 0.00 0.00 2,000,000.00
A-13 132,241.01 132,241.01 0.00 0.00 20,646,958.00
A-14 0.00 1,703.21 0.00 0.00 83,721.23
A-15-1 67,027.09 67,027.09 0.00 0.00 0.00
A-15-2 10,264.68 10,264.68 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 41,126.34 45,968.19 0.00 0.00 6,416,266.79
M-2 27,417.77 30,645.69 0.00 0.00 4,277,543.32
M-3 19,192.50 21,452.05 0.00 0.00 2,994,289.96
B-1 9,319.96 10,417.21 0.00 0.00 1,454,039.14
B-2 2,741.35 3,064.09 0.00 0.00 427,686.92
B-3 6,714.18 7,504.57 0.00 0.00 1,012,450.63
- -------------------------------------------------------------------------------
745,735.44 5,455,786.39 0.00 0.00 99,705,283.56
===============================================================================
Run: 12/29/98 16:47:31
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-1 352.344890 41.975204 2.154805 44.130009 0.000000 310.369686
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 659.096900 108.305126 3.840137 112.145263 0.000000 550.791774
A-4 1000.000000 0.000000 6.032971 6.032971 0.000000 1000.000000
A-5 300.464541 65.299425 1.837526 67.136951 0.000000 235.165116
A-6 1000.000000 0.000000 6.115616 6.115616 0.000000 1000.000000
A-7 421.446961 42.376708 1.929517 44.306225 0.000000 379.070253
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-10 869.600267 51.645883 5.318140 56.964023 0.000000 817.954384
A-11 1000.000000 0.000000 6.404867 6.404867 0.000000 1000.000000
A-12 1000.000000 0.000000 6.404870 6.404870 0.000000 1000.000000
A-13 1000.000000 0.000000 6.404867 6.404867 0.000000 1000.000000
A-14 737.532150 14.705067 0.000000 14.705067 0.000000 722.827083
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-1 963.985684 0.726895 6.174199 6.901094 0.000000 963.258789
M-2 963.985687 0.726894 6.174200 6.901094 0.000000 963.258793
M-3 963.985688 0.726894 6.174200 6.901094 0.000000 963.258794
B-1 963.985684 0.726896 6.174203 6.901099 0.000000 963.258788
B-2 963.985721 0.726892 6.174212 6.901104 0.000000 963.258829
B-3 907.956847 0.684579 5.815344 6.499923 0.000000 876.912492
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:47:32 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 21,234.15
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,386.53
MASTER SERVICER ADVANCES THIS MONTH 1,315.10
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,273,203.33
(B) TWO MONTHLY PAYMENTS: 8 564,964.82
(C) THREE OR MORE MONTHLY PAYMENTS: 4 526,041.97
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 536,511.82
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 99,705,283.57
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,055
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 161,506.45
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,613,078.00
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.06565920 % 13.12550600 % 2.80883480 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.35473130 % 13.72856039 % 2.90517100 %
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 8.97551513
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 324.08
POOL TRADING FACTOR: 56.13302791
................................................................................
Run: 12/29/98 16:47:37 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 26,363.91 6.750000 % 26,363.91
A-4 76110FFH1 15,938,000.00 15,938,000.00 6.750000 % 2,471,455.72
A-5 76110FFJ7 10,253,000.00 6,740,732.28 6.750000 % 587,722.28
A-6 76110FFK4 31,511,646.00 16,146,095.69 11.000000 % 661,187.53
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 212,947.62 156,695.79 0.000000 % 7,949.40
A-13-1 0.00 0.00 1.020954 % 0.00
A-13-2 0.00 0.00 0.649507 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,229,880.45 7.500000 % 14,603.66
M-2 76110FFW8 6,251,000.00 6,152,925.54 7.500000 % 9,735.25
M-3 76110FFW8 4,375,700.00 4,307,047.87 7.500000 % 6,814.68
B-1 1,624,900.00 1,599,406.28 7.500000 % 2,530.60
B-2 624,800.00 614,997.27 7.500000 % 973.06
B-3 1,500,282.64 1,402,776.49 7.500000 % 2,219.49
- -------------------------------------------------------------------------------
250,038,730.26 162,464,275.57 3,791,555.58
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-3 148.26 26,512.17 0.00 0.00 0.00
A-4 89,625.43 2,561,081.15 0.00 0.00 13,466,544.28
A-5 37,905.70 625,627.98 0.00 0.00 6,153,010.00
A-6 147,963.26 809,150.79 0.00 0.00 15,484,908.16
A-7 99,263.90 99,263.90 0.00 0.00 17,652,000.00
A-8 31,803.53 31,803.53 0.00 0.00 5,655,589.00
A-9 107,226.61 107,226.61 0.00 0.00 19,068,000.00
A-10 57,739.55 57,739.55 0.00 0.00 10,267,765.00
A-11 296,826.99 296,826.99 0.00 0.00 47,506,000.00
A-12 0.00 7,949.40 0.00 0.00 148,746.39
A-13-1 107,072.66 107,072.66 0.00 0.00 0.00
A-13-2 19,792.27 19,792.27 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,670.14 72,273.80 0.00 0.00 9,215,276.79
M-2 38,444.71 48,179.96 0.00 0.00 6,143,190.29
M-3 26,911.30 33,725.98 0.00 0.00 4,300,233.19
B-1 9,993.41 12,524.01 0.00 0.00 1,596,875.68
B-2 3,842.62 4,815.68 0.00 0.00 614,024.21
B-3 8,764.83 10,984.32 0.00 0.00 1,400,557.00
- -------------------------------------------------------------------------------
1,140,995.17 4,932,550.75 0.00 0.00 158,672,719.99
===============================================================================
Run: 12/29/98 16:47:37
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 1.062375 1.062375 0.005974 1.068349 0.000000 0.000000
A-4 1000.000000 155.066867 5.623380 160.690247 0.000000 844.933133
A-5 657.439996 57.321982 3.697035 61.019017 0.000000 600.118014
A-6 512.385030 20.982323 4.695510 25.677833 0.000000 491.402707
A-7 1000.000000 0.000000 5.623380 5.623380 0.000000 1000.000000
A-8 1000.000000 0.000000 5.623381 5.623381 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623380 5.623380 0.000000 1000.000000
A-10 1000.000000 0.000000 5.623381 5.623381 0.000000 1000.000000
A-11 1000.000000 0.000000 6.248200 6.248200 0.000000 1000.000000
A-12 735.841941 37.330307 0.000000 37.330307 0.000000 698.511634
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-1 984.310595 1.557391 6.150170 7.707561 0.000000 982.753204
M-2 984.310597 1.557391 6.150170 7.707561 0.000000 982.753206
M-3 984.310595 1.557392 6.150170 7.707562 0.000000 982.753203
B-1 984.310591 1.557388 6.150169 7.707557 0.000000 982.753203
B-2 984.310611 1.557394 6.150160 7.707554 0.000000 982.753217
B-3 935.008146 1.479368 5.842119 7.321487 0.000000 933.528765
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:47:38 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 33,750.83
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,364.49
MASTER SERVICER ADVANCES THIS MONTH 1,300.62
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 3,983,277.63
(B) TWO MONTHLY PAYMENTS: 8 965,142.58
(C) THREE OR MORE MONTHLY PAYMENTS: 5 547,700.38
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 939,651.91
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 158,672,719.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,584
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 163,712.16
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,534,589.95
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 136,577.57
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.64020610 % 12.13119800 % 2.22859590 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.32073310 % 12.38946447 % 2.27817710 %
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 8.76101061
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 328.70
POOL TRADING FACTOR: 63.45925682
................................................................................
Run: 12/29/98 16:47:41 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-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 14,507,717.49 9.000000 % 1,120,129.86
A-2 76110FFZ1 37,000,000.00 1,204,788.59 7.250000 % 1,204,788.59
A-3 76110FGA5 5,200,000.00 5,200,000.00 7.250000 % 1,210,466.00
A-4 76110FGB3 18,200,000.00 18,200,000.00 7.250000 % 0.00
A-5 76110FGC1 10,000,000.00 4,293,077.50 7.250000 % 385,070.24
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 130,561.76 113,340.46 0.000000 % 1,585.21
A-10-1 0.00 0.00 0.792140 % 0.00
A-10-2 0.00 0.00 0.484888 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,844,257.38 7.750000 % 3,571.71
M-2 76110FGL1 4,109,600.00 4,036,815.66 7.750000 % 2,976.38
M-3 76110FGM9 2,630,200.00 2,583,617.03 7.750000 % 1,904.92
B-1 1,068,500.00 1,049,575.99 7.750000 % 773.86
B-2 410,900.00 403,622.64 7.750000 % 297.59
B-3 821,738.81 804,959.10 7.750000 % 593.51
- -------------------------------------------------------------------------------
164,383,983.57 106,013,984.84 3,932,157.87
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 108,173.89 1,228,303.75 0.00 0.00 13,387,587.63
A-2 7,236.52 1,212,025.11 0.00 0.00 0.00
A-3 31,233.62 1,241,699.62 0.00 0.00 3,989,534.00
A-4 109,317.64 109,317.64 0.00 0.00 18,200,000.00
A-5 25,786.21 410,856.45 0.00 0.00 3,908,007.26
A-6 44,276.23 44,276.23 0.00 0.00 7,371,430.00
A-7 66,780.33 66,780.33 0.00 0.00 10,400,783.00
A-8 199,041.78 199,041.78 0.00 0.00 31,000,000.00
A-9 0.00 1,585.21 0.00 0.00 111,755.25
A-10-1 54,146.56 54,146.56 0.00 0.00 0.00
A-10-2 9,443.39 9,443.39 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,103.54 34,675.25 0.00 0.00 4,840,685.67
M-2 25,919.19 28,895.57 0.00 0.00 4,033,839.28
M-3 16,588.64 18,493.56 0.00 0.00 2,581,712.11
B-1 6,739.01 7,512.87 0.00 0.00 1,048,802.13
B-2 2,591.54 2,889.13 0.00 0.00 403,325.05
B-3 5,168.40 5,761.91 0.00 0.00 804,365.59
- -------------------------------------------------------------------------------
743,546.49 4,675,704.36 0.00 0.00 102,081,826.97
===============================================================================
Run: 12/29/98 16:47:41
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-1 466.357582 36.007115 3.477302 39.484417 0.000000 430.350467
A-2 32.561854 32.561854 0.195582 32.757436 0.000000 0.000000
A-3 1000.000000 232.781923 6.006465 238.788388 0.000000 767.218077
A-4 1000.000000 0.000000 6.006464 6.006464 0.000000 1000.000000
A-5 429.307750 38.507024 2.578621 41.085645 0.000000 390.800726
A-6 1000.000000 0.000000 6.006464 6.006464 0.000000 1000.000000
A-7 1000.000000 0.000000 6.420702 6.420702 0.000000 1000.000000
A-8 1000.000000 0.000000 6.420703 6.420703 0.000000 1000.000000
A-9 868.098439 12.141457 0.000000 12.141457 0.000000 855.956982
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-1 982.289192 0.724250 6.306988 7.031238 0.000000 981.564942
M-2 982.289191 0.724251 6.306986 7.031237 0.000000 981.564941
M-3 982.289191 0.724249 6.306988 7.031237 0.000000 981.564942
B-1 982.289181 0.724249 6.306982 7.031231 0.000000 981.564932
B-2 982.289219 0.724239 6.306985 7.031224 0.000000 981.564979
B-3 979.580239 0.722249 6.289590 7.011839 0.000000 978.857978
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:47:41 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 21,648.53
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 31,125.36
MASTER SERVICER ADVANCES THIS MONTH 2,853.04
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 2,563,102.49
(B) TWO MONTHLY PAYMENTS: 1 33,856.38
(C) THREE OR MORE MONTHLY PAYMENTS: 8 766,537.87
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 395,607.08
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 102,081,826.97
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,079
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 344,315.71
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,853,978.49
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.04177120 % 10.82589300 % 2.13233620 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.55220140 % 11.22260191 % 2.21289710 %
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 8.79335256
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.59
POOL TRADING FACTOR: 62.09961868
................................................................................
Run: 12/29/98 16:47:43 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 0.00 7.250000 % 0.00
A-2 76110FGT4 26,579,000.00 15,064,112.29 7.500000 % 3,120,629.63
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 4,555,016.04 9.500000 % 445,804.23
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 92,263.87 0.000000 % 115.55
A-10-1 0.00 0.00 0.810106 % 0.00
A-10-2 0.00 0.00 0.488611 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,278,796.31 7.750000 % 19,015.27
M-2 76110FHE6 4,112,900.00 4,060,665.71 7.750000 % 14,627.32
M-3 76110FHF3 2,632,200.00 2,598,770.74 7.750000 % 9,361.29
B-1 1,069,400.00 1,055,818.51 7.750000 % 3,803.27
B-2 411,200.00 405,977.73 7.750000 % 1,462.41
B-3 823,585.68 813,126.02 7.750000 % 2,929.04
- -------------------------------------------------------------------------------
164,514,437.18 109,873,547.22 3,617,748.01
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 93,822.19 3,214,451.82 0.00 0.00 11,943,482.66
A-3 104,764.42 104,764.42 0.00 0.00 16,821,000.00
A-4 151,176.91 151,176.91 0.00 0.00 23,490,000.00
A-5 45,938.73 45,938.73 0.00 0.00 7,138,000.00
A-6 6,435.80 6,435.80 0.00 0.00 1,000,000.00
A-7 35,934.72 481,738.95 0.00 0.00 4,109,211.81
A-8 176,984.47 176,984.47 0.00 0.00 27,500,000.00
A-9 0.00 115.55 0.00 0.00 92,148.32
A-10-1 55,576.95 55,576.95 0.00 0.00 0.00
A-10-2 11,060.82 11,060.82 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 33,973.27 52,988.54 0.00 0.00 5,259,781.04
M-2 26,133.62 40,760.94 0.00 0.00 4,046,038.39
M-3 16,725.17 26,086.46 0.00 0.00 2,589,409.45
B-1 6,795.04 10,598.31 0.00 0.00 1,052,015.24
B-2 2,612.79 4,075.20 0.00 0.00 404,515.32
B-3 5,233.12 8,162.16 0.00 0.00 810,196.98
- -------------------------------------------------------------------------------
773,168.02 4,390,916.03 0.00 0.00 106,255,799.21
===============================================================================
Run: 12/29/98 16:47:43
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 566.767459 117.409595 3.529937 120.939532 0.000000 449.357864
A-3 1000.000000 0.000000 6.228192 6.228192 0.000000 1000.000000
A-4 1000.000000 0.000000 6.435799 6.435799 0.000000 1000.000000
A-5 1000.000000 0.000000 6.435799 6.435799 0.000000 1000.000000
A-6 1000.000000 0.000000 6.435800 6.435800 0.000000 1000.000000
A-7 296.280476 28.997283 2.337370 31.334653 0.000000 267.283193
A-8 1000.000000 0.000000 6.435799 6.435799 0.000000 1000.000000
A-9 859.455806 1.076371 0.000000 1.076371 0.000000 858.379436
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-1 987.299888 3.556450 6.354063 9.910513 0.000000 983.743438
M-2 987.299888 3.556449 6.354062 9.910511 0.000000 983.743439
M-3 987.299878 3.556451 6.354065 9.910516 0.000000 983.743428
B-1 987.299897 3.556452 6.354068 9.910520 0.000000 983.743445
B-2 987.299927 3.556445 6.354061 9.910506 0.000000 983.743483
B-3 987.299852 3.556448 6.354069 9.910517 0.000000 983.743407
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:47:43 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 22,275.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 22,733.40
MASTER SERVICER ADVANCES THIS MONTH 5,103.62
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 15 1,491,395.69
(B) TWO MONTHLY PAYMENTS: 5 323,792.18
(C) THREE OR MORE MONTHLY PAYMENTS: 3 425,812.95
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 719,504.87
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 106,255,799.21
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,053
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 634,333.66
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,222,215.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 319,102.98
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.05320740 % 10.87456100 % 2.07223140 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.66025870 % 11.19489851 % 2.13512580 %
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 8.80034947
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.35
POOL TRADING FACTOR: 64.58752255
................................................................................
Run: 12/29/98 16:47:46 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 20,486,113.45 7.250000 % 4,233,394.38
A-3 76110FHM8 22,398,546.00 22,398,546.00 7.250000 % 0.00
A-4 76110FHN6 24,498,244.00 11,493,823.64 10.000000 % 940,754.31
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 155,284.33 144,064.00 0.000000 % 18,250.82
A-9-1 0.00 0.00 0.799540 % 0.00
A-9-2 0.00 0.00 0.510657 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,091,973.16 7.750000 % 4,998.42
M-2 76110FHW6 4,975,300.00 4,909,789.61 7.750000 % 3,460.42
M-3 76110FHX4 3,316,900.00 3,273,225.98 7.750000 % 2,306.97
B-1 1,216,200.00 1,200,186.15 7.750000 % 845.89
B-2 552,900.00 545,619.91 7.750000 % 384.55
B-3 995,114.30 954,742.96 7.750000 % 672.92
- -------------------------------------------------------------------------------
221,126,398.63 149,323,284.86 5,205,068.68
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 122,903.48 4,356,297.86 0.00 0.00 16,252,719.07
A-3 134,376.84 134,376.84 0.00 0.00 22,398,546.00
A-4 95,111.08 1,035,865.39 0.00 0.00 10,553,069.33
A-5 109,695.74 109,695.74 0.00 0.00 17,675,100.00
A-6 45,854.34 45,854.34 0.00 0.00 7,150,100.00
A-7 333,481.41 333,481.41 0.00 0.00 52,000,000.00
A-8 0.00 18,250.82 0.00 0.00 125,813.18
A-9-1 77,073.33 77,073.33 0.00 0.00 0.00
A-9-2 13,873.27 13,873.27 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,481.57 50,479.99 0.00 0.00 7,086,974.74
M-2 31,486.99 34,947.41 0.00 0.00 4,906,329.19
M-3 20,991.53 23,298.50 0.00 0.00 3,270,919.01
B-1 7,696.92 8,542.81 0.00 0.00 1,199,340.26
B-2 3,499.12 3,883.67 0.00 0.00 545,235.36
B-3 6,122.87 6,795.79 0.00 0.00 954,070.04
- -------------------------------------------------------------------------------
1,047,648.49 6,252,717.17 0.00 0.00 144,118,216.18
===============================================================================
Run: 12/29/98 16:47:46
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-2 572.637693 118.333875 3.435457 121.769332 0.000000 454.303818
A-3 1000.000000 0.000000 5.999355 5.999355 0.000000 1000.000000
A-4 469.169286 38.400887 3.882363 42.283250 0.000000 430.768399
A-5 1000.000000 0.000000 6.206230 6.206230 0.000000 1000.000000
A-6 1000.000000 0.000000 6.413105 6.413105 0.000000 1000.000000
A-7 1000.000000 0.000000 6.413104 6.413104 0.000000 1000.000000
A-8 927.743321 117.531627 0.000000 117.531627 0.000000 810.211694
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-1 986.832878 0.695519 6.328663 7.024182 0.000000 986.137358
M-2 986.832876 0.695520 6.328662 7.024182 0.000000 986.137357
M-3 986.832880 0.695520 6.328659 7.024179 0.000000 986.137360
B-1 986.832881 0.695519 6.328663 7.024182 0.000000 986.137362
B-2 986.832899 0.695515 6.328667 7.024182 0.000000 986.137385
B-3 959.430449 0.676204 6.152931 6.829135 0.000000 958.754222
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:47:46 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 30,498.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 28,988.08
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 2,142,923.84
(B) TWO MONTHLY PAYMENTS: 7 789,885.75
(C) THREE OR MORE MONTHLY PAYMENTS: 2 282,401.68
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 487,365.71
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 144,118,216.18
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,445
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 5,099,820.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.95037430 % 10.23935400 % 1.81027160 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.52512760 % 10.59145981 % 1.87415840 %
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 8.81210198
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.45
POOL TRADING FACTOR: 65.17458660
................................................................................
Run: 12/29/98 16:47:47 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS5(POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4248
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FHZ9 33,300,000.00 0.00 7.250000 % 0.00
A-2 76110FJA2 10,800,000.00 0.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 13,330,678.64 10.000000 % 857,382.26
A-4 76110FJC8 24,000,000.00 23,763,385.51 7.250000 % 2,286,352.69
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 340,158.57 262,483.85 0.000000 % 312.14
A-11-1 0.00 0.00 0.711464 % 0.00
A-11-2 0.00 0.00 0.364674 % 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 6,642,823.38 8.000000 % 11,302.63
M-2 76110FJP9 4,330,000.00 4,273,911.64 8.000000 % 7,271.98
M-3 76110FJQ7 2,886,000.00 2,848,616.40 8.000000 % 4,846.86
B-1 1,058,000.00 1,044,295.26 8.000000 % 1,776.85
B-2 481,000.00 474,769.39 8.000000 % 807.81
B-3 866,066.26 854,847.75 8.000000 % 1,454.50
- -------------------------------------------------------------------------------
192,360,424.83 131,107,902.82 3,171,507.72
===============================================================================
_______________________________________________________________________________
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-3 111,046.30 968,428.56 0.00 0.00 12,473,296.38
A-4 143,515.27 2,429,867.96 0.00 0.00 21,477,032.82
A-5 71,174.23 71,174.23 0.00 0.00 11,785,091.00
A-6 120,906.85 120,906.85 0.00 0.00 18,143,000.00
A-7 31,767.79 31,767.79 0.00 0.00 4,767,000.00
A-8 26,812.82 26,812.82 0.00 0.00 0.00
A-9 259,190.56 259,190.56 0.00 0.00 42,917,000.00
A-10 0.00 312.14 0.00 0.00 262,171.71
A-11-1 59,004.42 59,004.42 0.00 0.00 0.00
A-11-2 9,583.91 9,583.91 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 44,268.47 55,571.10 0.00 0.00 6,631,520.75
M-2 28,481.79 35,753.77 0.00 0.00 4,266,639.66
M-3 18,983.48 23,830.34 0.00 0.00 2,843,769.54
B-1 6,959.29 8,736.14 0.00 0.00 1,042,518.41
B-2 3,163.91 3,971.72 0.00 0.00 473,961.58
B-3 5,696.80 7,151.30 0.00 0.00 853,393.25
- -------------------------------------------------------------------------------
940,555.89 4,112,063.61 0.00 0.00 127,936,395.10
===============================================================================
Run: 12/29/98 16:47:47
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS5(POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4248
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 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-3 444.995131 28.620518 3.706868 32.327386 0.000000 416.374613
A-4 990.141063 95.264695 5.979803 101.244498 0.000000 894.876368
A-5 1000.000000 0.000000 6.039345 6.039345 0.000000 1000.000000
A-6 1000.000000 0.000000 6.664105 6.664105 0.000000 1000.000000
A-7 1000.000000 0.000000 6.664105 6.664105 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 6.039345 6.039345 0.000000 1000.000000
A-10 771.651439 0.917631 0.000000 0.917631 0.000000 770.733808
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-1 987.046565 1.679440 6.577782 8.257222 0.000000 985.367125
M-2 987.046568 1.679441 6.577781 8.257222 0.000000 985.367127
M-3 987.046570 1.679439 6.577782 8.257221 0.000000 985.367131
B-1 987.046560 1.679442 6.577779 8.257221 0.000000 985.367117
B-2 987.046549 1.679439 6.577775 8.257214 0.000000 985.367110
B-3 987.046592 1.679444 6.577788 8.257232 0.000000 985.367153
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:47:47 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 26,960.45
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 44,583.58
MASTER SERVICER ADVANCES THIS MONTH 382.64
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 3,616,962.58
(B) TWO MONTHLY PAYMENTS: 5 302,858.23
(C) THREE OR MORE MONTHLY PAYMENTS: 6 865,319.06
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 813,875.39
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 127,936,395.10
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,283
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 44,591.96
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,948,621.15
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 134,644.21
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.66539640 % 10.52031600 % 1.81428770 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.38053560 % 10.74122023 % 1.85618770 %
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 8.93903800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.22
POOL TRADING FACTOR: 66.50868816
................................................................................
Run: 12/29/98 16:47:48 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 18,039,075.62 7.500000 % 2,294,378.28
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 20,150,545.50 7.500000 % 71,073.68
A-6 76110FJW4 164,986.80 110,589.17 0.000000 % 439.64
A-7-1 0.00 0.00 0.855235 % 0.00
A-7-2 0.00 0.00 0.343120 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,513,868.78 7.500000 % 8,866.75
M-2 76110FKA0 1,061,700.00 1,005,490.70 7.500000 % 3,546.50
M-3 76110FKB8 690,100.00 653,564.21 7.500000 % 2,305.21
B-1 371,600.00 351,926.47 7.500000 % 1,241.29
B-2 159,300.00 150,866.21 7.500000 % 532.13
B-3 372,446.48 352,728.16 7.500000 % 1,244.12
- -------------------------------------------------------------------------------
106,172,633.28 79,803,654.82 2,383,627.60
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 112,645.68 2,407,023.96 0.00 0.00 15,744,697.34
A-2 97,933.08 97,933.08 0.00 0.00 15,683,000.00
A-3 117,060.10 117,060.10 0.00 0.00 18,746,000.00
A-4 12,776.32 12,776.32 0.00 0.00 2,046,000.00
A-5 125,830.83 196,904.51 0.00 0.00 20,079,471.82
A-6 0.00 439.64 0.00 0.00 110,149.53
A-7-1 44,756.41 44,756.41 0.00 0.00 0.00
A-7-2 4,842.32 4,842.32 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,697.95 24,564.70 0.00 0.00 2,505,002.03
M-2 6,278.83 9,825.33 0.00 0.00 1,001,944.20
M-3 4,081.21 6,386.42 0.00 0.00 651,259.00
B-1 2,197.62 3,438.91 0.00 0.00 350,685.18
B-2 942.09 1,474.22 0.00 0.00 150,334.08
B-3 2,202.62 3,446.74 0.00 0.00 351,484.04
- -------------------------------------------------------------------------------
547,245.06 2,930,872.66 0.00 0.00 77,420,027.22
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 420.040880 53.424726 2.622961 56.047687 0.000000 366.616154
A-2 1000.000000 0.000000 6.244537 6.244537 0.000000 1000.000000
A-3 1000.000000 0.000000 6.244538 6.244538 0.000000 1000.000000
A-4 1000.000000 0.000000 6.244536 6.244536 0.000000 1000.000000
A-5 947.057644 3.340399 5.913937 9.254336 0.000000 943.717245
A-6 670.291017 2.664698 0.000000 2.664698 0.000000 667.626319
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-1 947.057256 3.340397 5.913935 9.254332 0.000000 943.716859
M-2 947.057267 3.340397 5.913940 9.254337 0.000000 943.716869
M-3 947.057253 3.340400 5.913940 9.254340 0.000000 943.716853
B-1 947.057239 3.340393 5.913940 9.254333 0.000000 943.716846
B-2 947.057188 3.340427 5.913936 9.254363 0.000000 943.716761
B-3 947.057306 3.340399 5.913924 9.254323 0.000000 943.716907
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:47:48 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 16,522.35
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,423.94
SUBSERVICER ADVANCES THIS MONTH 12,022.05
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 15 863,722.24
(B) TWO MONTHLY PAYMENTS: 3 116,335.49
(C) THREE OR MORE MONTHLY PAYMENTS: 1 19,038.62
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 162,014.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 77,420,027.22
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,069
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 2,102,107.06
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.69023580 % 5.23624400 % 1.07351980 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.51866970 % 5.37096844 % 1.10270940 %
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 8.57143217
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 154.24
POOL TRADING FACTOR: 72.91900448
................................................................................
Run: 12/29/98 16:47:52 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 39,276,276.10 7.500000 % 2,479,965.56
A-2 76110FKD4 20,984,000.00 12,420,276.10 7.500000 % 2,479,965.56
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 14,528,078.85 9.500000 % 708,561.59
A-8 76110FKP7 156,262.27 108,549.68 0.000000 % 898.02
A-9-1 0.00 0.00 0.838723 % 0.00
A-9-2 0.00 0.00 0.533181 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,610,920.65 7.750000 % 4,441.40
M-2 76110FKM4 3,827,000.00 3,777,809.96 7.750000 % 2,538.04
M-3 76110FKN2 2,870,200.00 2,833,308.13 7.750000 % 1,903.50
B-1 1,052,400.00 1,038,873.08 7.750000 % 697.94
B-2 478,400.00 472,250.91 7.750000 % 317.27
B-3 861,188.35 850,119.11 7.750000 % 571.14
- -------------------------------------------------------------------------------
191,342,550.62 131,916,462.57 5,679,860.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 242,575.61 2,722,541.17 0.00 0.00 36,796,310.55
A-2 76,709.31 2,556,674.87 0.00 0.00 9,940,310.55
A-3 67,937.49 67,937.49 0.00 0.00 11,000,000.00
A-4 24,704.54 24,704.54 0.00 0.00 4,000,000.00
A-5 111,685.12 111,685.12 0.00 0.00 17,500,000.00
A-6 104,479.63 104,479.63 0.00 0.00 17,500,000.00
A-7 113,654.69 822,216.28 0.00 0.00 13,819,517.26
A-8 0.00 898.02 0.00 0.00 107,651.66
A-9-1 71,370.98 71,370.98 0.00 0.00 0.00
A-9-2 12,549.15 12,549.15 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,190.94 46,632.34 0.00 0.00 6,606,479.25
M-2 24,110.01 26,648.05 0.00 0.00 3,775,271.92
M-3 18,082.19 19,985.69 0.00 0.00 2,831,404.63
B-1 6,630.10 7,328.04 0.00 0.00 1,038,175.14
B-2 3,013.90 3,331.17 0.00 0.00 471,933.64
B-3 5,425.46 5,996.60 0.00 0.00 849,547.97
- -------------------------------------------------------------------------------
925,119.12 6,604,979.14 0.00 0.00 126,236,602.57
===============================================================================
Run: 12/29/98 16:47:52
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-1 476.128015 30.063468 2.940631 33.004099 0.000000 446.064547
A-2 591.892685 118.183643 3.655610 121.839253 0.000000 473.709042
A-3 1000.000000 0.000000 6.176135 6.176135 0.000000 1000.000000
A-4 1000.000000 0.000000 6.176135 6.176135 0.000000 1000.000000
A-5 1000.000000 0.000000 6.382007 6.382007 0.000000 1000.000000
A-6 1000.000000 0.000000 5.970265 5.970265 0.000000 1000.000000
A-7 662.626173 32.317518 5.183794 37.501312 0.000000 630.308655
A-8 694.663401 5.746877 0.000000 5.746877 0.000000 688.916525
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-1 987.146581 0.663192 6.299976 6.963168 0.000000 986.483388
M-2 987.146580 0.663193 6.299976 6.963169 0.000000 986.483387
M-3 987.146586 0.663194 6.299976 6.963170 0.000000 986.483391
B-1 987.146598 0.663189 6.299981 6.963170 0.000000 986.483409
B-2 987.146551 0.663190 6.299958 6.963148 0.000000 986.483361
B-3 987.146552 0.663188 6.299969 6.963157 0.000000 986.483352
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:47:53 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 26,648.63
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 37,905.86
MASTER SERVICER ADVANCES THIS MONTH 5,266.81
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,435,562.98
(B) TWO MONTHLY PAYMENTS: 7 984,330.35
(C) THREE OR MORE MONTHLY PAYMENTS: 4 655,222.59
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 771,379.61
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 126,236,602.56
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,263
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 662,102.78
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,591,218.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.17727900 % 10.03129400 % 1.79142740 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.65326090 % 10.46697672 % 1.87082880 %
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 8.84596814
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.74
POOL TRADING FACTOR: 65.97414017
................................................................................
Run: 12/29/98 16:47:53 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 0.00 7.000000 % 0.00
A-2 76110FKV4 20,850,000.00 0.00 7.000000 % 0.00
A-3 76110FKW2 16,320,750.00 8,459,913.93 10.000000 % 720,940.16
A-4 76110FKX0 19,700,543.00 14,646,362.34 7.000000 % 3,604,701.12
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 15,791,667.03 7.500000 % 936,055.66
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 14,409.45 0.000000 % 14.42
A-12-1 0.00 0.00 0.949415 % 0.00
A-12-2 0.00 0.00 0.657915 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,541,458.78 7.500000 % 5,241.51
M-2 76110FLJ0 4,361,000.00 4,309,828.54 7.500000 % 2,995.44
M-3 76110FLK7 3,270,500.00 3,232,124.35 7.500000 % 2,246.41
B-1 1,199,000.00 1,184,931.07 7.500000 % 823.56
B-2 545,000.00 538,605.06 7.500000 % 374.34
B-3 981,461.72 831,044.31 7.500000 % 577.58
- -------------------------------------------------------------------------------
218,029,470.88 160,296,115.86 5,273,970.20
===============================================================================
_______________________________________________________________________________
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 70,479.55 791,419.71 0.00 0.00 7,738,973.77
A-4 85,413.20 3,690,114.32 0.00 0.00 11,041,661.22
A-5 127,586.67 127,586.67 0.00 0.00 21,419,142.00
A-6 38,192.70 38,192.70 0.00 0.00 6,323,320.00
A-7 99,637.30 99,637.30 0.00 0.00 16,496,308.00
A-8 98,670.30 1,034,725.96 0.00 0.00 14,855,611.37
A-9 30,720.57 30,720.57 0.00 0.00 5,000,001.00
A-10 340,573.41 340,573.41 0.00 0.00 54,507,000.00
A-11 0.00 14.42 0.00 0.00 14,395.03
A-12-1 94,820.79 94,820.79 0.00 0.00 0.00
A-12-2 22,151.90 22,151.90 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,120.93 52,362.44 0.00 0.00 7,536,217.27
M-2 26,928.89 29,924.33 0.00 0.00 4,306,833.10
M-3 20,195.13 22,441.54 0.00 0.00 3,229,877.94
B-1 7,403.75 8,227.31 0.00 0.00 1,184,107.51
B-2 3,365.34 3,739.68 0.00 0.00 538,230.72
B-3 5,192.58 5,770.16 0.00 0.00 830,466.73
- -------------------------------------------------------------------------------
1,118,453.01 6,392,423.21 0.00 0.00 155,022,145.66
===============================================================================
Run: 12/29/98 16:47:53
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 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-3 518.353258 44.173225 4.318401 48.491626 0.000000 474.180033
A-4 743.449678 182.974709 4.335576 187.310285 0.000000 560.474968
A-5 1000.000000 0.000000 5.956666 5.956666 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039976 6.039976 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039976 6.039976 0.000000 1000.000000
A-8 607.417692 36.004861 3.795298 39.800159 0.000000 571.412832
A-9 1000.000000 0.000000 6.144113 6.144113 0.000000 1000.000000
A-10 1000.000000 0.000000 6.248251 6.248251 0.000000 1000.000000
A-11 545.623185 0.546023 0.000000 0.546023 0.000000 545.077163
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-1 988.266122 0.686871 6.174935 6.861806 0.000000 987.579252
M-2 988.266118 0.686870 6.174935 6.861805 0.000000 987.579248
M-3 988.266121 0.686871 6.174937 6.861808 0.000000 987.579251
B-1 988.266113 0.686872 6.174937 6.861809 0.000000 987.579241
B-2 988.266165 0.686862 6.174936 6.861798 0.000000 987.579303
B-3 846.741440 0.588510 5.290660 5.879170 0.000000 846.152955
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:47:54 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 32,892.72
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 34,795.73
MASTER SERVICER ADVANCES THIS MONTH 1,141.81
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 3,969,323.89
(B) TWO MONTHLY PAYMENTS: 4 364,906.99
(C) THREE OR MORE MONTHLY PAYMENTS: 1 59,763.47
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 122,905.63
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 155,022,145.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,468
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 135,865.46
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,162,558.30
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.99562990 % 9.41056300 % 1.59380660 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.62912780 % 9.72308069 % 1.64688860 %
BANKRUPTCY AMOUNT AVAILABLE 220,247.00
FRAUD AMOUNT AVAILABLE **,***,***.**
SPECIAL HAZARD AMOUNT AVAILABLE **,***,***.**
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.70500983
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.31
POOL TRADING FACTOR: 71.10146396
................................................................................
Run: 12/29/98 16:47:58 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 77,437.80 6.750000 % 77,437.80
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 5,498,361.82
A-3 76110FLN1 22,971,538.00 13,212,890.56 10.000000 % 1,013,781.73
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 1.039993 % 0.00
A-9-2 0.00 0.00 0.759384 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,054,346.89 7.250000 % 9,982.61
M-2 76110FLX9 5,420,000.00 5,369,564.57 7.250000 % 6,655.07
M-3 76110FLY2 4,065,000.00 4,027,173.43 7.250000 % 4,991.31
B-1 1,490,500.00 1,476,630.24 7.250000 % 1,830.15
B-2 677,500.00 671,195.57 7.250000 % 831.88
B-3 1,219,925.82 1,208,573.90 7.250000 % 1,497.90
- -------------------------------------------------------------------------------
271,005,025.82 207,378,274.96 6,615,370.27
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 435.44 77,873.24 0.00 0.00 0.00
A-2 97,952.68 5,596,314.50 0.00 0.00 11,921,638.18
A-3 110,068.29 1,123,850.02 0.00 0.00 12,199,108.83
A-4 213,730.26 213,730.26 0.00 0.00 38,010,000.00
A-5 96,510.16 96,510.16 0.00 0.00 17,163,462.00
A-6 181,046.67 181,046.67 0.00 0.00 29,977,000.00
A-7 97,024.89 97,024.89 0.00 0.00 16,065,000.00
A-8 330,029.55 330,029.55 0.00 0.00 54,645,000.00
A-9-1 147,048.97 147,048.97 0.00 0.00 0.00
A-9-2 23,813.99 23,813.99 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,644.39 58,627.00 0.00 0.00 8,044,364.28
M-2 32,429.59 39,084.66 0.00 0.00 5,362,909.50
M-3 24,322.19 29,313.50 0.00 0.00 4,022,182.12
B-1 8,918.14 10,748.29 0.00 0.00 1,474,800.09
B-2 4,053.70 4,885.58 0.00 0.00 670,363.69
B-3 7,299.20 8,797.10 0.00 0.00 1,207,076.00
- -------------------------------------------------------------------------------
1,423,328.11 8,038,698.38 0.00 0.00 200,762,904.69
===============================================================================
Run: 12/29/98 16:47:58
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 1.440703 1.440703 0.008101 1.448804 0.000000 0.000000
A-2 1000.000000 315.635007 5.623001 321.258008 0.000000 684.364993
A-3 575.185282 44.132079 4.791507 48.923586 0.000000 531.053203
A-4 1000.000000 0.000000 5.623001 5.623001 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623001 5.623001 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039519 6.039519 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039520 6.039520 0.000000 1000.000000
A-8 1000.000000 0.000000 6.039520 6.039520 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-1 990.694574 1.227873 5.983320 7.211193 0.000000 989.466701
M-2 990.694570 1.227873 5.983319 7.211192 0.000000 989.466697
M-3 990.694571 1.227875 5.983319 7.211194 0.000000 989.466696
B-1 990.694559 1.227877 5.983321 7.211198 0.000000 989.466682
B-2 990.694568 1.227867 5.983321 7.211188 0.000000 989.466701
B-3 990.694582 1.227862 5.983315 7.211177 0.000000 989.466716
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:47:58 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 46,441.76
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 44,946.75
MASTER SERVICER ADVANCES THIS MONTH 1,371.17
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 48 4,647,109.97
(B) TWO MONTHLY PAYMENTS: 8 758,701.12
(C) THREE OR MORE MONTHLY PAYMENTS: 3 374,608.91
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 146,399.48
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 200,762,904.69
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,987
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 186,566.47
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,358,344.27
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 114,548.59
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.96641060 % 8.41509800 % 1.61849150 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.64863770 % 8.68161174 % 1.66975060 %
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 8.59411488
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.81
POOL TRADING FACTOR: 74.08087879
................................................................................
Run: 12/29/98 16:47:59 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 199,969,492.00 131,948,941.14 7.250000 % 8,621,017.99
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 64,234,095.32 7.250000 % 87,601.54
A-5 7611OFMS9 76,250.57 75,395.80 0.000000 % 1,096.87
A-6-1 0.00 0.00 1.010892 % 0.00
A-6-2 0.00 0.00 0.709435 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,490,561.61 7.250000 % 14,227.45
M-2 7611OFMW0 6,524,000.00 6,455,425.78 7.250000 % 8,754.94
M-3 7611OFMX8 4,893,000.00 4,841,569.31 7.250000 % 6,566.21
B-1 7611OFMY6 1,794,000.00 1,775,143.13 7.250000 % 2,407.48
B-2 7611OFMZ3 816,000.00 807,422.96 7.250000 % 1,095.04
B-3 7611OFNA7 1,468,094.11 1,452,662.89 7.250000 % 1,970.12
- -------------------------------------------------------------------------------
326,202,444.68 257,224,217.94 8,744,737.64
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 795,046.30 9,416,064.29 0.00 0.00 123,327,923.15
A-2 60,254.09 60,254.09 0.00 0.00 10,000,000.00
A-3 151,496.86 151,496.86 0.00 0.00 25,143,000.00
A-4 387,036.67 474,638.21 0.00 0.00 64,146,493.78
A-5 0.00 1,096.87 0.00 0.00 74,298.93
A-6-1 165,925.40 165,925.40 0.00 0.00 0.00
A-6-2 35,215.71 35,215.71 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,209.92 77,437.37 0.00 0.00 10,476,334.16
M-2 38,896.58 47,651.52 0.00 0.00 6,446,670.84
M-3 29,172.44 35,738.65 0.00 0.00 4,835,003.10
B-1 10,695.96 13,103.44 0.00 0.00 1,772,735.65
B-2 4,865.05 5,960.09 0.00 0.00 806,327.92
B-3 8,752.88 10,723.00 0.00 0.00 1,450,497.28
- -------------------------------------------------------------------------------
1,750,567.86 10,495,305.50 0.00 0.00 248,479,284.81
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 659.845359 43.111666 3.975838 47.087504 0.000000 616.733692
A-2 1000.000000 0.000000 6.025409 6.025409 0.000000 1000.000000
A-3 1000.000000 0.000000 6.025409 6.025409 0.000000 1000.000000
A-4 989.487841 1.349449 5.962069 7.311518 0.000000 988.138391
A-5 988.789985 14.385073 0.000000 14.385073 0.000000 974.404913
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-1 989.488928 1.341959 5.962075 7.304034 0.000000 988.146969
M-2 989.488930 1.341959 5.962075 7.304034 0.000000 988.146971
M-3 989.488925 1.341960 5.962076 7.304036 0.000000 988.146965
B-1 989.488924 1.341962 5.962074 7.304036 0.000000 988.146962
B-2 989.488922 1.341961 5.962071 7.304032 0.000000 988.146961
B-3 989.488944 1.341958 5.962070 7.304028 0.000000 988.013827
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:47:59 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 52,687.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 66,775.82
MASTER SERVICER ADVANCES THIS MONTH 3,756.41
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 60 6,527,332.61
(B) TWO MONTHLY PAYMENTS: 7 574,721.67
(C) THREE OR MORE MONTHLY PAYMENTS: 6 733,555.52
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 870,140.17
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 248,479,284.81
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,313
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 495,436.54
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,394,172.32
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 114,548.59
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.95803850 % 8.47274200 % 1.56921930 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.61873940 % 8.75646761 % 1.62217390 %
BANKRUPTCY AMOUNT AVAILABLE 203,326.00
FRAUD AMOUNT AVAILABLE 5,143,425.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,571,718.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.51940375
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.08
POOL TRADING FACTOR: 76.17333618
................................................................................
Run: 12/29/98 16:48:00 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 79,289,247.09 7.000000 % 2,765,739.80
A-2 7611OFMD2 43,142.76 37,898.61 0.000000 % 241.01
A-3-1 0.00 0.00 1.078585 % 0.00
A-3-2 0.00 0.00 0.652985 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,917,167.18 7.000000 % 10,074.79
M-2 7611OFMH3 892,000.00 855,114.39 7.000000 % 2,953.24
M-3 7611OFMJ9 419,700.00 402,344.76 7.000000 % 1,389.55
B-1 7611OFMK6 367,000.00 351,823.99 7.000000 % 1,215.07
B-2 7611OFML4 262,400.00 251,549.33 7.000000 % 868.76
B-3 7611OFMM2 263,388.53 252,496.94 7.000000 % 872.02
- -------------------------------------------------------------------------------
104,940,731.29 84,357,642.29 2,783,354.24
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 461,237.00 3,226,976.80 0.00 0.00 76,523,507.29
A-2 0.00 241.01 0.00 0.00 37,657.60
A-3-1 60,133.87 60,133.87 0.00 0.00 0.00
A-3-2 9,370.58 9,370.58 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,969.58 27,044.37 0.00 0.00 2,907,092.39
M-2 4,974.33 7,927.57 0.00 0.00 852,161.15
M-3 2,340.50 3,730.05 0.00 0.00 400,955.21
B-1 2,046.61 3,261.68 0.00 0.00 350,608.92
B-2 1,463.30 2,332.06 0.00 0.00 250,680.57
B-3 1,468.81 2,340.83 0.00 0.00 251,624.92
- -------------------------------------------------------------------------------
560,004.58 3,343,358.82 0.00 0.00 81,574,288.05
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 795.677342 27.754539 4.628570 32.383109 0.000000 767.922803
A-2 878.446581 5.586337 0.000000 5.586337 0.000000 872.860244
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-1 958.648432 3.310808 5.576595 8.887403 0.000000 955.337624
M-2 958.648419 3.310807 5.576603 8.887410 0.000000 955.337612
M-3 958.648463 3.310817 5.576602 8.887419 0.000000 955.337646
B-1 958.648474 3.310817 5.576594 8.887411 0.000000 955.337657
B-2 958.648361 3.310823 5.576601 8.887424 0.000000 955.337538
B-3 958.648199 3.310812 5.576591 8.887403 0.000000 955.337425
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:48:00 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 17,273.19
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 11,259.67
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 9 890,012.11
(B) TWO MONTHLY PAYMENTS: 2 185,673.28
(C) THREE OR MORE MONTHLY PAYMENTS: 1 37,980.96
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 81,574,288.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 962
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 2,491,931.16
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.03402290 % 4.95094800 % 1.01502950 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.85169200 % 5.09990200 % 1.04605060 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 845,878.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,663,826.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.32103291
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 159.08
POOL TRADING FACTOR: 77.73367600
................................................................................
Run: 12/29/98 16:48:06 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 10,793,603.08 7.000000 % 7,178,411.53
A-2 76110FNC3 22,405,757.00 15,722,700.29 9.000000 % 1,025,487.36
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 58,805,885.38 7.250000 % 40,900.84
A-8-1 0.00 0.00 0.929414 % 0.00
A-8-2 0.00 0.00 0.758431 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,343,383.31 7.250000 % 7,194.06
M-2 76110FNL3 4,471,600.00 4,432,935.21 7.250000 % 3,083.21
M-3 76110FNM1 4,471,500.00 4,432,836.07 7.250000 % 3,083.14
B-1 76110FNN9 1,639,600.00 1,625,422.80 7.250000 % 1,130.52
B-2 76110FNP4 745,200.00 738,756.43 7.250000 % 513.82
B-3 76110FNQ2 1,341,561.05 1,329,960.93 7.250000 % 925.02
- -------------------------------------------------------------------------------
298,104,002.05 243,926,767.50 8,260,729.50
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 62,817.61 7,241,229.14 0.00 0.00 3,615,191.55
A-2 117,648.56 1,143,135.92 0.00 0.00 14,697,212.93
A-3 365,629.70 365,629.70 0.00 0.00 62,824,125.00
A-4 138,864.36 138,864.36 0.00 0.00 24,294,118.00
A-5 156,721.41 156,721.41 0.00 0.00 26,000,000.00
A-6 136,124.85 136,124.85 0.00 0.00 22,583,041.00
A-7 354,466.97 395,367.81 0.00 0.00 58,764,984.54
A-8-1 148,395.01 148,395.01 0.00 0.00 0.00
A-8-2 32,717.86 32,717.86 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,347.29 69,541.35 0.00 0.00 10,336,189.25
M-2 26,720.61 29,803.82 0.00 0.00 4,429,852.00
M-3 26,720.01 29,803.15 0.00 0.00 4,429,752.93
B-1 9,797.63 10,928.15 0.00 0.00 1,624,292.28
B-2 4,453.04 4,966.86 0.00 0.00 738,242.61
B-3 8,016.67 8,941.69 0.00 0.00 1,329,035.91
- -------------------------------------------------------------------------------
1,651,441.58 9,912,171.08 0.00 0.00 235,666,038.00
===============================================================================
Run: 12/29/98 16:48:06
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-1 187.470310 124.679314 1.091057 125.770371 0.000000 62.790995
A-2 701.725913 45.768923 5.250818 51.019741 0.000000 655.956990
A-3 1000.000000 0.000000 5.819893 5.819893 0.000000 1000.000000
A-4 1000.000000 0.000000 5.715966 5.715966 0.000000 1000.000000
A-5 1000.000000 0.000000 6.027747 6.027747 0.000000 1000.000000
A-6 1000.000000 0.000000 6.027747 6.027747 0.000000 1000.000000
A-7 991.353254 0.689509 5.975626 6.665135 0.000000 990.663745
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-1 991.353254 0.689509 5.975626 6.665135 0.000000 990.663745
M-2 991.353254 0.689509 5.975626 6.665135 0.000000 990.663745
M-3 991.353253 0.689509 5.975626 6.665135 0.000000 990.663744
B-1 991.353257 0.689510 5.975622 6.665132 0.000000 990.663747
B-2 991.353234 0.689506 5.975631 6.665137 0.000000 990.663728
B-3 991.353267 0.689510 5.975628 6.665138 0.000000 990.663758
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:48:06 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 49,924.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 54,958.73
MASTER SERVICER ADVANCES THIS MONTH 1,928.29
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 5,167,498.19
(B) TWO MONTHLY PAYMENTS: 9 947,053.06
(C) THREE OR MORE MONTHLY PAYMENTS: 3 663,599.28
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 518,936.20
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 235,666,038.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,215
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 257,583.09
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,091,072.85
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.61058570 % 7.87496800 % 1.51444640 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.28822090 % 8.14533751 % 1.56644160 %
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 8.47372263
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.09
POOL TRADING FACTOR: 79.05497289
................................................................................
Run: 12/29/98 16:48:10 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 24,377,658.47 7.250000 % 1,094,548.40
A-2 76110FNT6 30,750,000.00 12,091,625.12 7.250000 % 2,867,787.52
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 62,515,649.25 7.250000 % 79,485.09
A-8 76110FNZ2 15,495,000.00 0.00 7.250000 % 0.00
A-9 76110FPA5 68,339,000.00 64,880,682.56 7.000000 % 2,913,120.12
A-10 76110fPB3 0.00 0.00 7.250000 % 0.00
A-11 76110FPC1 100,038,312.00 82,801,311.02 0.000000 % 2,651,044.55
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 2.669360 % 0.00
A-14 76110FPF4 0.00 0.00 11.830640 % 0.00
A-15 76110FPG2 26,249,000.00 20,314,586.40 7.000000 % 912,117.88
A-16 76110FPH0 2,386,273.00 1,846,780.80 10.000000 % 82,919.82
A-17 76110FPJ6 139,012.74 135,369.15 0.000000 % 129.27
A-18-1 0.00 0.00 0.913336 % 0.00
A-18-2 0.00 0.00 0.668313 % 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 16,142,193.79 7.250000 % 20,523.88
M-2 76110FPP2 5,422,000.00 5,380,400.47 7.250000 % 6,840.87
M-3 76110FPQ0 6,507,000.00 6,457,075.98 7.250000 % 8,209.80
B-1 76110FPR8 2,386,000.00 2,367,693.76 7.250000 % 3,010.39
B-2 76110FPS6 1,085,000.00 1,076,675.50 7.250000 % 1,368.93
B-3 76110FPT4 1,952,210.06 1,937,231.99 7.250000 % 2,463.12
- -------------------------------------------------------------------------------
433,792,422.80 364,603,349.26 10,643,569.64
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 147,246.62 1,241,795.02 0.00 0.00 23,283,110.07
A-2 73,036.18 2,940,823.70 0.00 0.00 9,223,837.60
A-3 246,435.27 246,435.27 0.00 0.00 40,799,000.00
A-4 40,741.34 40,741.34 0.00 0.00 6,745,000.00
A-5 25,582.88 25,582.88 0.00 0.00 4,235,415.00
A-6 63,416.36 63,416.36 0.00 0.00 10,499,000.00
A-7 377,608.79 457,093.88 0.00 0.00 62,436,164.16
A-8 0.00 0.00 0.00 0.00 0.00
A-9 378,380.54 3,291,500.66 0.00 0.00 61,967,562.44
A-10 13,513.59 13,513.59 0.00 0.00 0.00
A-11 0.00 2,651,044.55 0.00 0.00 80,150,266.47
A-12 250,069.41 250,069.41 0.00 0.00 0.00
A-13 46,036.23 46,036.23 0.00 0.00 0.00
A-14 204,033.18 204,033.18 0.00 0.00 0.00
A-15 118,473.54 1,030,591.42 0.00 0.00 19,402,468.52
A-16 15,386.18 98,306.00 0.00 0.00 1,763,860.98
A-17 0.00 129.27 0.00 0.00 135,239.88
A-18-1 207,328.89 207,328.89 0.00 0.00 0.00
A-18-2 51,301.04 51,301.04 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 97,502.53 118,026.41 0.00 0.00 16,121,669.91
M-2 32,498.85 39,339.72 0.00 0.00 5,373,559.60
M-3 39,002.21 47,212.01 0.00 0.00 6,448,866.18
B-1 14,301.41 17,311.80 0.00 0.00 2,364,683.37
B-2 6,503.36 7,872.29 0.00 0.00 1,075,306.57
B-3 11,701.32 14,164.44 0.00 0.00 1,934,768.87
- -------------------------------------------------------------------------------
2,460,099.72 13,103,669.36 0.00 0.00 353,959,779.62
===============================================================================
Run: 12/29/98 16:48:10
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-1 773.918489 34.748671 4.674644 39.423315 0.000000 739.169817
A-2 393.223581 93.261383 2.375160 95.636543 0.000000 299.962198
A-3 1000.000000 0.000000 6.040228 6.040228 0.000000 1000.000000
A-4 1000.000000 0.000000 6.040228 6.040228 0.000000 1000.000000
A-5 1000.000000 0.000000 6.040230 6.040230 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040229 6.040229 0.000000 1000.000000
A-7 992.327644 1.261688 5.993885 7.255573 0.000000 991.065956
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 949.394673 42.627491 5.536817 48.164308 0.000000 906.767182
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 827.696003 26.500293 0.000000 26.500293 0.000000 801.195711
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-15 773.918488 34.748671 4.513450 39.262121 0.000000 739.169817
A-16 773.918491 34.748671 6.447787 41.196458 0.000000 739.169820
A-17 973.789525 0.929915 0.000000 0.929915 0.000000 972.859610
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-1 992.327644 1.261688 5.993885 7.255573 0.000000 991.065956
M-2 992.327641 1.261688 5.993886 7.255574 0.000000 991.065954
M-3 992.327644 1.261687 5.993885 7.255572 0.000000 991.065957
B-1 992.327645 1.261689 5.993885 7.255574 0.000000 991.065956
B-2 992.327650 1.261687 5.993880 7.255567 0.000000 991.065963
B-3 992.327634 1.261688 5.993884 7.255572 0.000000 991.065926
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:48:11 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 74,802.92
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 59,276.45
MASTER SERVICER ADVANCES THIS MONTH 1,800.25
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 52 6,276,043.46
(B) TWO MONTHLY PAYMENTS: 6 1,065,942.82
(C) THREE OR MORE MONTHLY PAYMENTS: 3 229,550.39
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 306,888.38
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 353,959,779.63
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,156
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 231,982.67
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 10,180,051.83
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 207,447.99
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.84658370 % 7.67685300 % 1.47656350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.58322680 % 7.89470931 % 1.51904640 %
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 8.37782066
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.09
POOL TRADING FACTOR: 81.59657961
................................................................................
Run: 12/29/98 16:48:15 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 42,738,686.27 7.000000 % 2,498,219.38
A-2 76110FPV9 117,395,000.00 93,778,689.20 7.000000 % 2,733,027.65
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 1.129429 % 0.00
A-6-2 0.00 0.00 0.938709 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,275,730.27 7.000000 % 8,067.84
M-2 76110FQD8 4,054,000.00 4,026,940.11 7.000000 % 2,881.29
M-3 76110FQE6 4,865,000.00 4,832,526.78 7.000000 % 3,457.70
B-1 76110FQF3 1,783,800.00 1,771,893.38 7.000000 % 1,267.80
B-2 76110FQG1 810,800.00 805,388.02 7.000000 % 576.26
B-3 76110FQH9 1,459,579.11 1,449,836.60 7.000000 % 1,037.37
- -------------------------------------------------------------------------------
324,327,779.11 278,961,690.63 5,248,535.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 249,186.86 2,747,406.24 0.00 0.00 40,240,466.89
A-2 546,774.34 3,279,801.99 0.00 0.00 91,045,661.55
A-3 299,569.83 299,569.83 0.00 0.00 51,380,000.00
A-4 10,856.35 10,856.35 0.00 0.00 1,862,000.00
A-5 379,214.12 379,214.12 0.00 0.00 65,040,000.00
A-6-1 194,788.65 194,788.65 0.00 0.00 0.00
A-6-2 56,217.34 56,217.34 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,742.87 73,810.71 0.00 0.00 11,267,662.43
M-2 23,478.97 26,360.26 0.00 0.00 4,024,058.82
M-3 28,175.93 31,633.63 0.00 0.00 4,829,069.08
B-1 10,330.98 11,598.78 0.00 0.00 1,770,625.58
B-2 4,695.80 5,272.06 0.00 0.00 804,811.76
B-3 8,453.24 9,490.61 0.00 0.00 1,448,799.23
- -------------------------------------------------------------------------------
1,877,485.28 7,126,020.57 0.00 0.00 273,713,155.34
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 664.407647 38.836853 3.873812 42.710665 0.000000 625.570794
A-2 798.830352 23.280614 4.657561 27.938175 0.000000 775.549739
A-3 1000.000000 0.000000 5.830475 5.830475 0.000000 1000.000000
A-4 1000.000000 0.000000 5.830478 5.830478 0.000000 1000.000000
A-5 1000.000000 0.000000 5.830475 5.830475 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-1 993.325135 0.710729 5.791558 6.502287 0.000000 992.614406
M-2 993.325138 0.710728 5.791556 6.502284 0.000000 992.614411
M-3 993.325135 0.710730 5.791558 6.502288 0.000000 992.614405
B-1 993.325137 0.710730 5.791557 6.502287 0.000000 992.614407
B-2 993.325136 0.710730 5.791564 6.502294 0.000000 992.614406
B-3 993.325124 0.710725 5.791560 6.502285 0.000000 992.614391
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:48:15 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 57,586.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 56,044.75
MASTER SERVICER ADVANCES THIS MONTH 913.95
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 5,049,855.39
(B) TWO MONTHLY PAYMENTS: 12 1,379,699.74
(C) THREE OR MORE MONTHLY PAYMENTS: 2 360,240.05
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 644,937.90
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 273,713,155.34
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,373
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 118,839.48
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,048,936.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.33848270 % 7.21790800 % 1.44360970 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.17871160 % 7.35104979 % 1.47023860 %
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 8.35966667
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.85
POOL TRADING FACTOR: 84.39399058
................................................................................
Run: 12/29/98 16:48:18 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 16,068,621.32 6.750000 % 745,672.45
A-2 76110FQK2 158,282,400.00 127,168,997.35 6.500000 % 5,901,341.27
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 32,766,396.05 5.642340 % 1,161,258.08
A-5 76110FQN6 0.00 0.00 3.383435 % 0.00
A-6 76110FQP1 13,504,750.00 11,357,430.95 5.542340 % 407,286.29
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 136,528.83 0.000000 % 236.54
A-9-1 0.00 0.00 1.058868 % 0.00
A-9-2 0.00 0.00 0.776155 % 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 17,246,235.27 7.000000 % 12,135.54
M-2 76110FQW6 5,422,000.00 5,389,324.28 7.000000 % 3,792.27
M-3 76110FQX4 5,422,000.00 5,389,324.28 7.000000 % 3,792.27
B-1 76110FQY2 2,385,700.00 2,371,322.56 7.000000 % 1,668.61
B-2 76110FQZ9 1,084,400.00 1,077,864.87 7.000000 % 758.45
B-3 76110FRA3 1,952,351.82 1,940,585.92 7.000000 % 1,365.53
- -------------------------------------------------------------------------------
433,770,084.51 390,250,531.68 8,239,307.30
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 90,361.79 836,034.24 0.00 0.00 15,322,948.87
A-2 688,647.64 6,589,988.91 0.00 0.00 121,267,656.08
A-3 464,410.62 464,410.62 0.00 0.00 82,584,000.00
A-4 154,024.71 1,315,282.79 0.00 0.00 31,605,137.97
A-5 124,375.11 124,375.11 0.00 0.00 0.00
A-6 52,441.58 459,727.87 0.00 0.00 10,950,144.66
A-7 505,928.92 505,928.92 0.00 0.00 86,753,900.00
A-8 0.00 236.54 0.00 0.00 136,292.29
A-9-1 242,278.73 242,278.73 0.00 0.00 0.00
A-9-2 74,753.55 74,753.55 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-1 100,576.10 112,711.64 0.00 0.00 17,234,099.73
M-2 31,429.30 35,221.57 0.00 0.00 5,385,532.01
M-3 31,429.30 35,221.57 0.00 0.00 5,385,532.01
B-1 13,829.01 15,497.62 0.00 0.00 2,369,653.95
B-2 6,285.87 7,044.32 0.00 0.00 1,077,106.42
B-3 11,317.05 12,682.58 0.00 0.00 1,939,220.39
- -------------------------------------------------------------------------------
2,592,089.28 10,831,396.58 0.00 0.00 382,011,224.38
===============================================================================
Run: 12/29/98 16:48:18
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-1 803.431066 37.283623 4.518090 41.801713 0.000000 766.147443
A-2 803.431066 37.283623 4.350753 41.634376 0.000000 766.147443
A-3 1000.000000 0.000000 5.623494 5.623494 0.000000 1000.000000
A-4 842.565312 29.860952 3.960639 33.821591 0.000000 812.704361
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 840.995276 30.158744 3.883195 34.041939 0.000000 810.836532
A-7 1000.000000 0.000000 5.831771 5.831771 0.000000 1000.000000
A-8 984.114342 1.705006 0.000000 1.705006 0.000000 982.409337
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-1 993.973492 0.699423 5.796626 6.496049 0.000000 993.274070
M-2 993.973493 0.699423 5.796625 6.496048 0.000000 993.274071
M-3 993.973493 0.699423 5.796625 6.496048 0.000000 993.274071
B-1 993.973492 0.699422 5.796626 6.496048 0.000000 993.274071
B-2 993.973506 0.699419 5.796634 6.496053 0.000000 993.274087
B-3 993.973473 0.699423 5.796624 6.496047 0.000000 993.274045
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:48:19 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 80,526.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 88,304.08
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 63 8,303,439.57
(B) TWO MONTHLY PAYMENTS: 9 1,338,650.39
(C) THREE OR MORE MONTHLY PAYMENTS: 16 1,652,011.90
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 504,852.88
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 382,011,224.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,230
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 7,964,647.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.43464300 % 7.18376800 % 1.38158930 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.25599990 % 7.33097929 % 1.41040440 %
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 8.25283964
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.16
POOL TRADING FACTOR: 88.06767410
................................................................................
Run: 12/29/98 16:49:34 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 115,517,963.00 104,805,101.31 6.500000 % 2,211,819.25
A-2 76110FRC9 34,880,737.00 28,104,839.88 6.500000 % 465,032.25
A-3-1 0.00 0.00 1.254463 % 0.00
A-3-2 0.00 0.00 1.023022 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,816,783.84 6.500000 % 12,779.33
M-2 76110FRG0 785,100.00 763,065.21 6.500000 % 2,554.89
M-3 76110FRH8 707,000.00 687,157.17 6.500000 % 2,300.73
B-1 76110FRJ4 471,200.00 457,975.17 6.500000 % 1,533.39
B-2 76110FRK1 314,000.00 305,187.20 6.500000 % 1,021.83
B-3 76110FRL9 471,435.62 458,204.20 6.500000 % 1,534.13
- -------------------------------------------------------------------------------
157,074,535.62 139,398,313.98 2,698,575.80
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 567,339.76 2,779,159.01 0.00 0.00 102,593,282.06
A-2 152,139.48 617,171.73 0.00 0.00 27,639,807.63
A-3-1 112,308.04 112,308.04 0.00 0.00 0.00
A-3-2 27,177.57 27,177.57 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,661.34 33,440.67 0.00 0.00 3,804,004.51
M-2 4,130.69 6,685.58 0.00 0.00 760,510.32
M-3 3,719.78 6,020.51 0.00 0.00 684,856.44
B-1 2,479.15 4,012.54 0.00 0.00 456,441.78
B-2 1,652.07 2,673.90 0.00 0.00 304,165.37
B-3 2,480.39 4,014.52 0.00 0.00 456,670.05
- -------------------------------------------------------------------------------
894,088.27 3,592,664.07 0.00 0.00 136,699,738.16
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 907.262374 19.146972 4.911269 24.058241 0.000000 888.115401
A-2 805.740999 13.332065 4.361705 17.693770 0.000000 792.408934
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-1 971.933751 3.254222 5.261355 8.515577 0.000000 968.679529
M-2 971.933779 3.254222 5.261355 8.515577 0.000000 968.679557
M-3 971.933762 3.254215 5.261358 8.515573 0.000000 968.679547
B-1 971.933722 3.254223 5.261354 8.515577 0.000000 968.679499
B-2 971.933758 3.254236 5.261369 8.515605 0.000000 968.679522
B-3 971.933771 3.254166 5.261355 8.515521 0.000000 968.679562
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:34 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 28,862.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 18,084.15
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 17 1,229,806.46
(B) TWO MONTHLY PAYMENTS: 1 227,053.65
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 408,133.64
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 136,699,738.16
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,461
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 2,231,843.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.34544390 % 3.77838600 % 0.87617030 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.26945070 % 3.84007412 % 0.89047520 %
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 7.98471900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 164.21
POOL TRADING FACTOR: 87.02858017
................................................................................
Run: 12/29/98 16:49:35 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 135,006,400.00 108,340,799.81 6.500000 % 4,257,029.22
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 34,551,754.94 5.542340 % 1,064,257.31
A-I-4 76110FRQ8 0.00 0.00 3.457660 % 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 68,727,184.87 7.000000 % 1,649,035.15
A-V-1 0.00 0.00 0.896761 % 0.00
A-V-2 0.00 0.00 0.681054 % 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 14,093,051.51 7.000000 % 10,084.28
M-2 76110FRY1 5,067,800.00 5,033,175.93 7.000000 % 3,601.49
M-3 76110FRZ8 5,067,800.00 5,033,175.93 7.000000 % 3,601.49
B-1 76110FSA2 2,230,000.00 2,214,764.25 7.000000 % 1,584.77
B-2 76110FSB0 1,216,400.00 1,208,089.35 7.000000 % 864.45
B-3 76110FSC8 1,621,792.30 1,610,711.96 7.000000 % 1,152.54
- -------------------------------------------------------------------------------
405,421,992.30 365,413,153.55 6,991,210.70
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 586,596.16 4,843,625.38 0.00 0.00 104,083,770.59
A-I-2 335,851.96 335,851.96 0.00 0.00 59,732,445.00
A-I-3 159,513.37 1,223,770.68 0.00 0.00 33,487,497.63
A-I-4 99,514.47 99,514.47 0.00 0.00 0.00
A-I-5 378,235.58 378,235.58 0.00 0.00 64,868,000.00
A-II 400,323.15 2,049,358.30 0.00 0.00 67,078,149.72
A-V-1 213,750.71 213,750.71 0.00 0.00 0.00
A-V-2 44,965.83 44,965.83 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 82,152.41 92,236.69 0.00 0.00 14,082,967.23
M-2 29,339.81 32,941.30 0.00 0.00 5,029,574.44
M-3 29,339.81 32,941.30 0.00 0.00 5,029,574.44
B-1 12,910.49 14,495.26 0.00 0.00 2,213,179.48
B-2 7,042.30 7,906.75 0.00 0.00 1,207,224.90
B-3 9,389.30 10,541.84 0.00 0.00 1,609,559.42
- -------------------------------------------------------------------------------
2,388,925.35 9,380,136.05 0.00 0.00 358,421,942.85
===============================================================================
Run: 12/29/98 16:49:35
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-1 802.486399 31.532055 4.344951 35.877006 0.000000 770.954344
A-I-2 1000.000000 0.000000 5.622605 5.622605 0.000000 1000.000000
A-I-3 838.265442 25.820110 3.869978 29.690088 0.000000 812.445332
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.830850 5.830850 0.000000 1000.000000
A-II 913.888872 21.927784 5.323234 27.251018 0.000000 891.961088
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-1 993.167830 0.710661 5.789458 6.500119 0.000000 992.457169
M-2 993.167830 0.710661 5.789457 6.500118 0.000000 992.457169
M-3 993.167830 0.710661 5.789457 6.500118 0.000000 992.457169
B-1 993.167825 0.710659 5.789459 6.500118 0.000000 992.457166
B-2 993.167831 0.710663 5.789460 6.500123 0.000000 992.457169
B-3 993.167843 0.710658 5.789458 6.500116 0.000000 992.457185
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:35 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 75,355.17
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,433.94
SUBSERVICER ADVANCES THIS MONTH 56,396.71
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 55 6,177,200.33
(B) TWO MONTHLY PAYMENTS: 5 429,272.95
(C) THREE OR MORE MONTHLY PAYMENTS: 5 650,627.73
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 353,835.59
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 358,421,942.85
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,080
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,729,758.87
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.01096930 % 6.61153100 % 1.37749980 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.86096710 % 6.73566912 % 1.40336380 %
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 8.17750500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.09
POOL TRADING FACTOR: 88.40712878
................................................................................
Run: 12/29/98 16:48:25 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 151,551,000.00 131,035,570.56 6.750000 % 5,003,338.87
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 1.076682 % 0.00
A-6-2 0.00 0.00 0.865572 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,590,176.03 6.750000 % 8,946.79
M-2 76110FSM6 4,216,900.00 4,196,725.33 6.750000 % 2,982.26
M-3 76110FSN4 4,392,600.00 4,371,584.75 6.750000 % 3,106.52
B-1 76110FSP9 1,757,100.00 1,748,693.61 6.750000 % 1,242.65
B-2 76110FSQ7 1,054,300.00 1,049,255.98 6.750000 % 745.62
B-3 76110FSR5 1,405,623.28 1,398,898.45 6.750000 % 994.09
- -------------------------------------------------------------------------------
351,405,323.28 330,767,904.71 5,021,356.80
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 736,546.58 5,739,885.45 0.00 0.00 126,032,231.69
A-2 426,836.54 426,836.54 0.00 0.00 75,936,500.00
A-3 98,287.11 98,287.11 0.00 0.00 17,485,800.00
A-4 73,998.34 73,998.34 0.00 0.00 13,164,700.00
A-5 381,045.34 381,045.34 0.00 0.00 67,790,000.00
A-6-1 219,815.89 219,815.89 0.00 0.00 0.00
A-6-2 61,699.62 61,699.62 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 70,768.96 79,715.75 0.00 0.00 12,581,229.24
M-2 23,589.65 26,571.91 0.00 0.00 4,193,743.07
M-3 24,572.53 27,679.05 0.00 0.00 4,368,478.23
B-1 9,829.35 11,072.00 0.00 0.00 1,747,450.96
B-2 5,897.83 6,643.45 0.00 0.00 1,048,510.36
B-3 7,863.16 8,857.25 0.00 0.00 1,397,904.36
- -------------------------------------------------------------------------------
2,140,750.90 7,162,107.70 0.00 0.00 325,746,547.91
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 864.630194 33.014225 4.860058 37.874283 0.000000 831.615969
A-2 1000.000000 0.000000 5.620967 5.620967 0.000000 1000.000000
A-3 1000.000000 0.000000 5.620967 5.620967 0.000000 1000.000000
A-4 1000.000000 0.000000 5.620967 5.620967 0.000000 1000.000000
A-5 1000.000000 0.000000 5.620967 5.620967 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-1 995.215761 0.707217 5.594075 6.301292 0.000000 994.508544
M-2 995.215758 0.707216 5.594074 6.301290 0.000000 994.508542
M-3 995.215761 0.707217 5.594074 6.301291 0.000000 994.508544
B-1 995.215759 0.707216 5.594075 6.301291 0.000000 994.508543
B-2 995.215764 0.707218 5.594072 6.301290 0.000000 994.508546
B-3 995.215766 0.707217 5.594074 6.301291 0.000000 994.508543
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:48:25 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 68,436.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,507.43
SUBSERVICER ADVANCES THIS MONTH 74,092.27
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 60 7,939,774.37
(B) TWO MONTHLY PAYMENTS: 9 870,906.57
(C) THREE OR MORE MONTHLY PAYMENTS: 4 564,754.13
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 815,390.79
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 325,746,547.91
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,628
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 4,786,307.58
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.33440310 % 6.39677700 % 1.26881960 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.22176980 % 6.49076734 % 1.28746280 %
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 8.10082203
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.00
POOL TRADING FACTOR: 92.69823942
................................................................................
Run: 12/29/98 16:49:36 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-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 18,871,172.81 6.750000 % 375,552.55
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 13,797,851.78 6.750000 % 721,060.90
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 125,845,474.95 6.750000 % 3,070,386.22
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 68,847,217.69 6.750000 % 1,934,132.21
NB-2 76110FTA1 4,494,000.00 0.00 6.750000 % 0.00
NB-3 76110FTB9 9,662,500.00 9,662,500.00 6.750000 % 0.00
NB-4 76110FTC7 10,000,000.00 8,717,780.71 6.750000 % 214,767.56
A-P 76110FTE3 57,464.36 57,135.06 0.000000 % 1,921.12
A-V-1 0.00 0.00 1.021320 % 0.00
A-V-2 0.00 0.00 0.789470 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 13,021,241.29 6.750000 % 12,379.44
M-2 76110FTH6 5,029,000.00 5,008,131.43 6.750000 % 4,761.29
M-3 76110FTJ2 4,224,500.00 4,206,969.82 6.750000 % 3,999.61
B-1 76110FTK9 2,011,600.00 2,003,252.58 6.750000 % 1,904.51
B-2 76110FTL7 1,207,000.00 1,201,991.38 6.750000 % 1,142.75
B-3 76110FTM5 1,609,449.28 1,602,770.53 6.750000 % 1,523.77
- -------------------------------------------------------------------------------
402,311,611.64 374,909,113.03 6,343,531.93
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 106,129.70 481,682.25 0.00 0.00 18,495,620.26
CB-2 221,093.12 221,093.12 0.00 0.00 39,313,092.00
CB-3 77,688.11 77,688.11 0.00 0.00 13,813,906.00
CB-4 77,597.82 798,658.72 0.00 0.00 13,076,790.88
CB-5 115,290.07 115,290.07 0.00 0.00 20,500,000.00
CB-6 707,743.10 3,778,129.32 0.00 0.00 122,775,088.73
CB-7 159,936.15 159,936.15 0.00 0.00 28,438,625.00
NB-1 387,234.84 2,321,367.05 0.00 0.00 66,913,085.48
NB-2 0.00 0.00 0.00 0.00 0.00
NB-3 54,347.24 54,347.24 0.00 0.00 9,662,500.00
NB-4 49,033.63 263,801.19 0.00 0.00 8,503,013.15
A-P 0.00 1,921.12 0.00 0.00 55,213.94
A-V-1 241,319.42 241,319.42 0.00 0.00 0.00
A-V-2 60,065.85 60,065.85 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,230.39 85,609.83 0.00 0.00 13,008,861.85
M-2 28,165.32 32,926.61 0.00 0.00 5,003,370.14
M-3 23,659.66 27,659.27 0.00 0.00 4,202,970.21
B-1 11,266.13 13,170.64 0.00 0.00 2,001,348.07
B-2 6,759.90 7,902.65 0.00 0.00 1,200,848.63
B-3 9,013.85 10,537.62 0.00 0.00 1,601,246.78
- -------------------------------------------------------------------------------
2,409,574.30 8,753,106.23 0.00 0.00 368,565,581.12
===============================================================================
Run: 12/29/98 16:49:36
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-1 935.403095 18.615325 5.260619 23.875944 0.000000 916.787770
CB-2 1000.000000 0.000000 5.623906 5.623906 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.623906 5.623906 0.000000 1000.000000
CB-4 846.493974 44.236865 4.760602 48.997467 0.000000 802.257109
CB-5 1000.000000 0.000000 5.623906 5.623906 0.000000 1000.000000
CB-6 921.944871 22.493672 5.184931 27.678603 0.000000 899.451200
CB-7 1000.000000 0.000000 5.623906 5.623906 0.000000 1000.000000
NB-1 907.071991 25.482470 5.101875 30.584345 0.000000 881.589522
NB-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-3 1000.000000 0.000000 5.624553 5.624553 0.000000 1000.000000
NB-4 871.778071 21.476756 4.903363 26.380119 0.000000 850.301315
A-P 994.269492 33.431531 0.000000 33.431531 0.000000 960.837960
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-1 995.850353 0.946766 5.600580 6.547346 0.000000 994.903587
M-2 995.850354 0.946767 5.600581 6.547348 0.000000 994.903587
M-3 995.850354 0.946765 5.600582 6.547347 0.000000 994.903589
B-1 995.850358 0.946764 5.600582 6.547346 0.000000 994.903594
B-2 995.850356 0.946769 5.600580 6.547349 0.000000 994.903587
B-3 995.850289 0.946765 5.600580 6.547345 0.000000 994.903539
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:36 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 77,396.26
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,787.92
SUBSERVICER ADVANCES THIS MONTH 60,457.61
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 53 6,416,913.45
(B) TWO MONTHLY PAYMENTS: 5 462,974.39
(C) THREE OR MORE MONTHLY PAYMENTS: 4 1,104,078.53
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 219,737.02
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 368,565,581.12
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,921
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 5,983,523.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 93,459.21
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.77118340 % 5.93112900 % 1.28244800 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.66814500 % 6.02747607 % 1.30347580 %
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 8.04083100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.12
POOL TRADING FACTOR: 91.61196706
................................................................................
Run: 12/29/98 16:49:37 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 172,668,000.00 160,582,298.03 6.750000 % 2,677,786.90
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 69,161,013.39 6.750000 % 2,244,644.55
NB-3 76110FUE1 3,780,000.00 0.00 6.750000 % 0.00
NB-4 76110FUF1 13,684,000.00 13,684,000.00 6.750000 % 0.00
A-P 76110FUF8 73,404.89 73,009.45 0.000000 % 67.74
A-V 76110FUG6 0.00 0.00 0.959526 % 0.00
R 76110FUH4 100.00 0.00 6.750000 % 0.00
M-1 76110FUJ0 13,245,900.00 13,200,273.05 6.750000 % 9,364.78
M-2 76110FUK5 5,094,600.00 5,077,051.10 6.750000 % 3,601.86
M-3 76110FUM3 4,279,400.00 4,264,659.13 6.750000 % 3,025.51
B-1 76110FUN1 2,037,800.00 2,030,780.57 6.750000 % 1,440.71
B-2 76110FUP6 1,222,600.00 1,218,388.63 6.750000 % 864.37
B-3 76110FUQ4 1,631,527.35 1,625,907.37 6.750000 % 1,153.48
- -------------------------------------------------------------------------------
407,565,332.24 382,925,380.72 4,941,949.90
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 903,138.01 3,580,924.91 0.00 0.00 157,904,511.13
CB-2 199,943.96 199,943.96 0.00 0.00 35,551,000.00
CB-3 248,671.54 248,671.54 0.00 0.00 44,215,000.00
NB-1 181,342.34 181,342.34 0.00 0.00 32,242,000.00
NB-2 388,990.13 2,633,634.68 0.00 0.00 66,916,368.84
NB-3 0.00 0.00 0.00 0.00 0.00
NB-4 76,964.47 76,964.47 0.00 0.00 13,684,000.00
A-P 0.00 67.74 0.00 0.00 72,941.71
A-V 306,147.11 306,147.11 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 74,239.89 83,604.67 0.00 0.00 13,190,908.27
M-2 28,553.93 32,155.79 0.00 0.00 5,073,449.24
M-3 23,984.95 27,010.46 0.00 0.00 4,261,633.62
B-1 11,421.35 12,862.06 0.00 0.00 2,029,339.86
B-2 6,852.36 7,716.73 0.00 0.00 1,217,524.26
B-3 9,144.30 10,297.78 0.00 0.00 1,624,753.88
- -------------------------------------------------------------------------------
2,459,394.34 7,401,344.24 0.00 0.00 377,983,430.81
===============================================================================
Run: 12/29/98 16:49:37
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-1 930.006128 15.508299 5.230489 20.738788 0.000000 914.497829
CB-2 1000.000000 0.000000 5.624144 5.624144 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.624144 5.624144 0.000000 1000.000000
NB-1 1000.000000 0.000000 5.624413 5.624413 0.000000 1000.000000
NB-2 888.502228 28.836646 4.997304 33.833950 0.000000 859.665581
NB-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-4 1000.000000 0.000000 5.624413 5.624413 0.000000 1000.000000
A-P 994.612893 0.922799 0.000000 0.922799 0.000000 993.690094
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-1 996.555391 0.706995 5.604745 6.311740 0.000000 995.848396
M-2 996.555392 0.706996 5.604744 6.311740 0.000000 995.848396
M-3 996.555389 0.706994 5.604746 6.311740 0.000000 995.848395
B-1 996.555388 0.706993 5.604745 6.311738 0.000000 995.848395
B-2 996.555398 0.706993 5.604744 6.311737 0.000000 995.848405
B-3 996.555387 0.706994 5.604748 6.311742 0.000000 995.848390
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:37 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 79,151.98
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,653.28
SUBSERVICER ADVANCES THIS MONTH 75,328.47
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 60 8,796,990.10
(B) TWO MONTHLY PAYMENTS: 8 1,099,523.59
(C) THREE OR MORE MONTHLY PAYMENTS: 2 264,866.07
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 238,000.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 377,983,430.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,772
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 4,670,306.94
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.82103760 % 5.88678200 % 1.27311400 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.75023850 % 5.95951814 % 1.28909310 %
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 8.03749600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.36
POOL TRADING FACTOR: 92.74180136
................................................................................
Run: 12/29/98 16:49:38 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 124,454,000.00 118,237,947.63 6.500000 % 1,474,957.73
NB 76110FTP8 41,430,000.00 38,975,666.85 6.500000 % 1,073,712.46
A-P 76110FTQ6 63,383.01 62,205.52 0.000000 % 229.42
A-V 76110FTV5 0.00 0.00 0.946250 % 0.00
R 76110FTR4 100.00 0.00 6.500000 % 0.00
M-1 76110FTS2 4,507,000.00 4,436,777.95 6.500000 % 14,314.78
M-2 76110FTT0 780,000.00 767,847.08 6.500000 % 2,477.38
M-3 76110FTU7 693,500.00 682,694.80 6.500000 % 2,202.64
B-1 76110FTW3 520,000.00 511,898.05 6.500000 % 1,651.58
B-2 76110FTX1 433,500.00 426,745.78 6.500000 % 1,376.85
B-3 76110FTY9 433,464.63 426,710.96 6.500000 % 1,376.74
- -------------------------------------------------------------------------------
173,314,947.64 164,528,494.62 2,572,299.58
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 640,044.20 2,115,001.93 0.00 0.00 116,762,989.90
NB 210,982.60 1,284,695.06 0.00 0.00 37,901,954.39
A-P 0.00 229.42 0.00 0.00 61,976.10
A-V 129,654.27 129,654.27 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 24,017.11 38,331.89 0.00 0.00 4,422,463.17
M-2 4,156.50 6,633.88 0.00 0.00 765,369.70
M-3 3,695.55 5,898.19 0.00 0.00 680,492.16
B-1 2,771.00 4,422.58 0.00 0.00 510,246.47
B-2 2,310.06 3,686.91 0.00 0.00 425,368.93
B-3 2,309.87 3,686.61 0.00 0.00 425,334.22
- -------------------------------------------------------------------------------
1,019,941.16 3,592,240.74 0.00 0.00 161,956,195.04
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 950.053414 11.851429 5.142817 16.994246 0.000000 938.201986
NB 940.759518 25.916304 5.092508 31.008812 0.000000 914.843215
A-P 981.422624 3.619643 0.000000 3.619643 0.000000 977.802981
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-1 984.419337 3.176122 5.328846 8.504968 0.000000 981.243215
M-2 984.419333 3.176128 5.328846 8.504974 0.000000 981.243205
M-3 984.419322 3.176121 5.328839 8.504960 0.000000 981.243201
B-1 984.419327 3.176115 5.328846 8.504961 0.000000 981.243212
B-2 984.419331 3.176125 5.328858 8.504983 0.000000 981.243207
B-3 984.419329 3.176130 5.328855 8.504985 0.000000 981.243208
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:38 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 34,069.03
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,096.71
SUBSERVICER ADVANCES THIS MONTH 24,502.48
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,144,485.71
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 1 476,346.16
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 161,956,195.04
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,658
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 2,041,445.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.55403450 % 3.57829800 % 0.82985920 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.53456900 % 3.62340263 % 0.84064130 %
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 7.77490100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 169.03
POOL TRADING FACTOR: 93.44617833
................................................................................
Run: 12/29/98 16:48:32 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 80,446,883.74 6.750000 % 6,351,616.13
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 5.842340 % 0.00
A-9 76110FVU4 3,469,000.00 3,469,000.00 9.472459 % 0.00
A-10 76110FVU2 7,590,000.00 7,470,712.11 6.750000 % 30,246.29
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 77,560.51 0.000000 % 66.94
A-14 76110FVZ3 0.00 0.00 0.952760 % 0.00
R 76110FWA7 100.00 0.00 6.750000 % 0.00
M-1 76110FWB5 11,770,000.00 11,737,511.61 6.750000 % 8,237.66
M-2 76110FWC3 5,349,900.00 5,335,132.83 6.750000 % 3,744.32
M-3 76110FWD1 5,349,900.00 5,335,132.83 6.750000 % 3,744.32
B-1 76110FWE9 2,354,000.00 2,347,502.33 6.750000 % 1,647.53
B-2 76110FWF6 1,284,000.00 1,280,455.81 6.750000 % 898.65
B-3 76110FWG4 1,712,259.01 1,707,532.69 6.750000 % 1,198.40
- -------------------------------------------------------------------------------
427,987,988.79 409,238,424.46 6,401,400.24
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 452,384.69 6,804,000.82 0.00 0.00 74,095,267.61
A-2 241,806.03 241,806.03 0.00 0.00 43,000,000.00
A-3 337,403.77 337,403.77 0.00 0.00 60,000,000.00
A-4 151,831.69 151,831.69 0.00 0.00 27,000,000.00
A-5 295,228.30 295,228.30 0.00 0.00 52,500,000.00
A-6 205,253.96 205,253.96 0.00 0.00 36,500,000.00
A-7 140,584.90 140,584.90 0.00 0.00 25,000,000.00
A-8 50,643.52 50,643.52 0.00 0.00 10,405,000.00
A-9 27,375.49 27,375.49 0.00 0.00 3,469,000.00
A-10 42,010.78 72,257.07 0.00 0.00 7,440,465.82
A-11 42,175.47 42,175.47 0.00 0.00 7,500,000.00
A-12 158,163.64 158,163.64 0.00 0.00 28,126,000.00
A-13 0.00 66.94 0.00 0.00 77,493.57
A-14 324,829.05 324,829.05 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 66,004.67 74,242.33 0.00 0.00 11,729,273.95
M-2 30,001.56 33,745.88 0.00 0.00 5,331,388.51
M-3 30,001.56 33,745.88 0.00 0.00 5,331,388.51
B-1 13,200.93 14,848.46 0.00 0.00 2,345,854.80
B-2 7,200.51 8,099.16 0.00 0.00 1,279,557.16
B-3 9,602.13 10,800.53 0.00 0.00 1,706,334.29
- -------------------------------------------------------------------------------
2,625,702.65 9,027,102.89 0.00 0.00 402,837,024.22
===============================================================================
Run: 12/29/98 16:48:32
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-1 812.594785 64.157739 4.569542 68.727281 0.000000 748.437047
A-2 1000.000000 0.000000 5.623396 5.623396 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623396 5.623396 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623396 5.623396 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623396 5.623396 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623396 5.623396 0.000000 1000.000000
A-7 1000.000000 0.000000 5.623396 5.623396 0.000000 1000.000000
A-8 1000.000000 0.000000 4.867229 4.867229 0.000000 1000.000000
A-9 1000.000000 0.000000 7.891464 7.891464 0.000000 1000.000000
A-10 984.283545 3.985018 5.535017 9.520035 0.000000 980.298527
A-11 1000.000000 0.000000 5.623396 5.623396 0.000000 1000.000000
A-12 1000.000000 0.000000 5.623396 5.623396 0.000000 1000.000000
A-13 996.540270 0.860082 0.000000 0.860082 0.000000 995.680188
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-1 997.239729 0.699886 5.607873 6.307759 0.000000 996.539843
M-2 997.239730 0.699886 5.607873 6.307759 0.000000 996.539844
M-3 997.239730 0.699886 5.607873 6.307759 0.000000 996.539844
B-1 997.239732 0.699885 5.607872 6.307757 0.000000 996.539847
B-2 997.239727 0.699883 5.607874 6.307757 0.000000 996.539844
B-3 997.239717 0.699888 5.607872 6.307760 0.000000 996.539823
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:48:32 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 84,481.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,383.92
SUBSERVICER ADVANCES THIS MONTH 101,223.34
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 79 12,334,653.12
(B) TWO MONTHLY PAYMENTS: 5 650,887.38
(C) THREE OR MORE MONTHLY PAYMENTS: 4 285,461.37
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 683,239.60
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 402,837,024.22
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,040
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 6,114,174.56
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.21947170 % 5.47652000 % 1.30400810 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.11653850 % 5.55858812 % 1.32380390 %
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 8.02984752
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.54
POOL TRADING FACTOR: 94.12344149
................................................................................
Run: 12/29/98 16:48:37 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 98,060,741.06 6.750000 % 5,577,164.42
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 6.019530 % 0.00
A-8 76110FWQ2 5,046,000.00 5,046,000.00 9.098387 % 0.00
A-9 76110FWR0 96,429,000.00 96,429,000.00 6.750000 % 0.00
A-10 76110FWS8 62,872.89 62,660.70 0.000000 % 67.26
A-11 76110FWT6 0.00 0.00 0.903867 % 0.00
R 76110FWU3 100.00 0.00 6.750000 % 0.00
M-1 76110FWV1 13,198,800.00 13,171,306.62 6.750000 % 9,305.31
M-2 76110FWW9 6,000,000.00 5,987,501.87 6.750000 % 4,230.07
M-3 76110FWX7 4,799,500.00 4,789,502.54 6.750000 % 3,383.70
B-1 76110FWY5 2,639,600.00 2,634,101.66 6.750000 % 1,860.95
B-2 76110FWZ2 1,439,500.00 1,436,501.49 6.750000 % 1,014.86
B-3 76110FXA6 1,919,815.88 1,915,816.88 6.750000 % 1,353.50
- -------------------------------------------------------------------------------
479,943,188.77 465,824,132.82 5,598,380.07
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 551,468.74 6,128,633.16 0.00 0.00 92,483,576.64
A-2 269,754.25 269,754.25 0.00 0.00 47,967,000.00
A-3 379,720.98 379,720.98 0.00 0.00 67,521,000.00
A-4 170,658.21 170,658.21 0.00 0.00 30,346,000.00
A-5 256,499.07 256,499.07 0.00 0.00 45,610,000.00
A-6 160,996.61 160,996.61 0.00 0.00 28,628,000.00
A-7 81,340.83 81,340.83 0.00 0.00 16,219,000.00
A-8 38,250.19 38,250.19 0.00 0.00 5,046,000.00
A-9 542,292.24 542,292.24 0.00 0.00 96,429,000.00
A-10 0.00 67.26 0.00 0.00 62,593.44
A-11 350,790.99 350,790.99 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 74,072.09 83,377.40 0.00 0.00 13,162,001.31
M-2 33,672.19 37,902.26 0.00 0.00 5,983,271.80
M-3 26,934.95 30,318.65 0.00 0.00 4,786,118.84
B-1 14,813.52 16,674.47 0.00 0.00 2,632,240.71
B-2 8,078.52 9,093.38 0.00 0.00 1,435,486.63
B-3 10,774.07 12,127.57 0.00 0.00 1,914,463.38
- -------------------------------------------------------------------------------
2,970,117.45 8,568,497.52 0.00 0.00 460,225,752.75
===============================================================================
Run: 12/29/98 16:48:37
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-1 874.628656 49.744146 4.918690 54.662836 0.000000 824.884510
A-2 1000.000000 0.000000 5.623747 5.623747 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623746 5.623746 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623746 5.623746 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623746 5.623746 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623746 5.623746 0.000000 1000.000000
A-7 1000.000000 0.000000 5.015157 5.015157 0.000000 1000.000000
A-8 1000.000000 0.000000 7.580299 7.580299 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623746 5.623746 0.000000 1000.000000
A-10 996.625095 1.069777 0.000000 1.069777 0.000000 995.555318
A-11 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-1 997.916979 0.705012 5.612032 6.317044 0.000000 997.211967
M-2 997.916978 0.705012 5.612032 6.317044 0.000000 997.211967
M-3 997.916979 0.705011 5.612033 6.317044 0.000000 997.211968
B-1 997.916980 0.705012 5.612032 6.317044 0.000000 997.211968
B-2 997.916978 0.705009 5.612032 6.317041 0.000000 997.211969
B-3 997.916988 0.705010 5.612033 6.317043 0.000000 997.211972
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:48:38 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 96,366.05
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 10,533.84
SUBSERVICER ADVANCES THIS MONTH 114,573.73
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 94 13,490,236.45
(B) TWO MONTHLY PAYMENTS: 16 1,827,047.85
(C) THREE OR MORE MONTHLY PAYMENTS: 6 627,804.88
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 460,225,752.75
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,447
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 5,269,273.60
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.57294820 % 5.14175400 % 1.28529740 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.49935300 % 5.19992456 % 1.30001510 %
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 7.98053119
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.54
POOL TRADING FACTOR: 95.89171459
................................................................................
Run: 12/29/98 16:49:40 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS12(POOL # 4321)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4321
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FXN8 188,037,444.00 185,679,306.27 7.000000 % 1,962,830.19
CB-2 76110FXP8 6,964,350.00 6,877,011.56 0.000000 % 72,697.42
NB-1 76110FXQ1 25,499,800.00 24,680,884.47 6.750000 % 741,853.58
NB-2 76110FXR9 7,423,000.00 7,423,000.00 6.750000 % 0.00
NB-3 76110FXS7 21,430,159.00 21,430,159.00 6.750000 % 0.00
NB-4 76110FXT5 4,020,000.00 4,020,000.00 6.750000 % 0.00
NB-5 76110FXU2 10,500,000.00 10,500,000.00 6.750000 % 0.00
NB-6 76110FXV0 0.00 0.00 0.350000 % 0.00
NB-7 76110FXW8 15,249,000.00 14,821,325.33 6.400000 % 387,334.84
NB-8 76110FXX6 20,899,000.00 20,429,181.03 6.100000 % 425,503.94
NB-9 76110FXY4 0.00 0.00 0.650000 % 0.00
A-P 76110FXZ1 58,061.92 57,954.59 0.000000 % 53.38
A-V 76110FYA5 0.00 0.00 0.859283 % 0.00
R-I 76110FYB3 100.00 0.00 6.750000 % 0.00
R-II 76110FYC1 100.00 0.00 6.750000 % 0.00
M-1 76110FYD9 8,802,500.00 8,790,266.28 6.750000 % 6,138.91
M-2 76110FYE7 4,001,000.00 3,995,439.40 6.750000 % 2,790.32
M-3 76110FYF4 3,201,000.00 3,196,551.24 6.750000 % 2,232.39
B-1 76110FYG2 1,760,300.00 1,757,853.53 6.750000 % 1,227.64
B-2 76110FYH0 960,000.00 958,665.79 6.750000 % 669.51
B-3 76110FYJ6 1,280,602.22 1,278,822.46 6.750000 % 893.10
- -------------------------------------------------------------------------------
320,086,417.14 315,896,420.95 3,604,225.22
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,082,898.35 3,045,728.54 0.00 0.00 183,716,476.08
CB-2 0.00 72,697.42 0.00 0.00 6,804,314.14
NB-1 138,819.74 880,673.32 0.00 0.00 23,939,030.89
NB-2 41,751.30 41,751.30 0.00 0.00 7,423,000.00
NB-3 120,535.75 120,535.75 0.00 0.00 21,430,159.00
NB-4 22,610.83 22,610.83 0.00 0.00 4,020,000.00
NB-5 59,058.14 59,058.14 0.00 0.00 10,500,000.00
NB-6 4,322.57 4,322.57 0.00 0.00 0.00
NB-7 79,041.24 466,376.08 0.00 0.00 14,433,990.49
NB-8 103,840.68 529,344.62 0.00 0.00 20,003,677.09
NB-9 11,064.99 11,064.99 0.00 0.00 0.00
A-P 0.00 53.38 0.00 0.00 57,901.21
A-V 226,166.45 226,166.45 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 49,436.02 55,574.93 0.00 0.00 8,784,127.37
M-2 22,470.15 25,260.47 0.00 0.00 3,992,649.08
M-3 17,977.24 20,209.63 0.00 0.00 3,194,318.85
B-1 9,886.08 11,113.72 0.00 0.00 1,756,625.89
B-2 5,391.49 6,061.00 0.00 0.00 957,996.28
B-3 7,192.04 8,085.14 0.00 0.00 1,277,929.36
- -------------------------------------------------------------------------------
2,002,463.06 5,606,688.28 0.00 0.00 312,292,195.73
===============================================================================
Run: 12/29/98 16:49:40
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS12(POOL # 4321)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4321
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 987.459212 10.438507 5.758951 16.197458 0.000000 977.020705
CB-2 987.459212 10.438508 0.000000 10.438508 0.000000 977.020704
NB-1 967.885414 29.092525 5.443954 34.536479 0.000000 938.792888
NB-2 1000.000000 0.000000 5.624586 5.624586 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624585 5.624585 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.624585 5.624585 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.624585 5.624585 0.000000 1000.000000
NB-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-7 971.953920 25.400672 5.183372 30.584044 0.000000 946.553249
NB-8 977.519548 20.360014 4.968691 25.328705 0.000000 957.159534
NB-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-P 998.151456 0.919350 0.000000 0.919350 0.000000 997.232106
A-V 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-1 998.610199 0.697405 5.616134 6.313539 0.000000 997.912794
M-2 998.610197 0.697406 5.616133 6.313539 0.000000 997.912792
M-3 998.610197 0.697404 5.616132 6.313536 0.000000 997.912793
B-1 998.610197 0.697404 5.616134 6.313538 0.000000 997.912793
B-2 998.610198 0.697406 5.616135 6.313541 0.000000 997.912792
B-3 998.610216 0.697406 5.616139 6.313545 0.000000 997.912808
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:41 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS12 (POOL # 4321)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4321
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 65,407.29
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,335.66
SUBSERVICER ADVANCES THIS MONTH 122,602.00
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 101 14,284,397.14
(B) TWO MONTHLY PAYMENTS: 16 2,357,407.83
(C) THREE OR MORE MONTHLY PAYMENTS: 3 454,368.38
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 312,292,195.73
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,167
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 3,383,606.45
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.65755610 % 5.05933500 % 1.26476320 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.60619660 % 5.11415127 % 1.27870370 %
BANKRUPTCY AMOUNT AVAILABLE 171,854.00
FRAUD AMOUNT AVAILABLE 6,401,728.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,200,864.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.93284300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.32
POOL TRADING FACTOR: 97.56496340
................................................................................
Run: 12/29/98 16:49:41 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS13(POOL # 4322)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4322
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB 112,514,000.00 110,741,360.41 6.500000 % 707,687.62
NB 37,758,000.00 37,238,481.71 6.500000 % 446,183.51
A-P 53,454.22 53,069.56 0.000000 % 198.14
A-V 0.00 0.00 0.852939 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 4,083,000.00 4,057,515.19 6.500000 % 12,900.13
M-2 706,500.00 702,090.25 6.500000 % 2,232.17
M-3 628,000.00 624,080.22 6.500000 % 1,984.15
B-1 471,000.00 468,060.17 6.500000 % 1,488.11
B-2 314,000.00 312,040.11 6.500000 % 992.07
B-3 471,221.05 468,279.85 6.500000 % 1,488.80
- -------------------------------------------------------------------------------
156,999,275.27 154,664,977.47 1,175,154.70
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 599,407.35 1,307,094.97 0.00 0.00 110,033,672.79
NB 201,559.92 647,743.43 0.00 0.00 36,792,298.20
A-P 0.00 198.14 0.00 0.00 52,871.42
A-V 109,852.22 109,852.22 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 21,962.03 34,862.16 0.00 0.00 4,044,615.06
M-2 3,800.19 6,032.36 0.00 0.00 699,858.08
M-3 3,377.94 5,362.09 0.00 0.00 622,096.07
B-1 2,533.46 4,021.57 0.00 0.00 466,572.06
B-2 1,688.98 2,681.05 0.00 0.00 311,048.04
B-3 2,534.65 4,023.45 0.00 0.00 466,791.03
- -------------------------------------------------------------------------------
946,716.74 2,121,871.44 0.00 0.00 153,489,822.75
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 984.245164 6.289774 5.327402 11.617176 0.000000 977.955390
NB 986.240842 11.816926 5.338204 17.155130 0.000000 974.423916
A-P 992.803936 3.706719 0.000000 3.706719 0.000000 989.097217
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-1 993.758313 3.159473 5.378895 8.538368 0.000000 990.598839
M-2 993.758316 3.159476 5.378896 8.538372 0.000000 990.598839
M-3 993.758312 3.159475 5.378885 8.538360 0.000000 990.598838
B-1 993.758323 3.159469 5.378896 8.538365 0.000000 990.598854
B-2 993.758312 3.159459 5.378917 8.538376 0.000000 990.598854
B-3 993.758343 3.159451 5.378898 8.538349 0.000000 990.598849
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:42 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS13 (POOL # 4322)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4322
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 32,148.67
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,392.21
SUBSERVICER ADVANCES THIS MONTH 43,825.69
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 4,270,657.57
(B) TWO MONTHLY PAYMENTS: 1 51,330.11
(C) THREE OR MORE MONTHLY PAYMENTS: 1 450,000.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 153,489,822.75
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,398
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 683,413.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.67766700 % 3.48086900 % 0.80715110 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.69140270 % 3.49636811 % 0.81102440 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,569,993.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,620,356.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.67928700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 172.49
POOL TRADING FACTOR: 97.76466961
................................................................................
Run: 12/29/98 16:48:48 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS14(POOL # 4335)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4335
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FYK3 104,208,000.00 104,208,000.00 6.750000 % 0.00
A-2 76110FYL1 97,975,000.00 96,250,788.26 6.500000 % 2,005,086.47
A-3 76110FYM9 46,000,000.00 45,190,469.57 6.250000 % 941,403.24
A-4 76110FYN7 37,995,000.00 37,326,345.46 8.000000 % 777,578.61
A-5 76110FYP2 25,759,000.00 25,759,000.00 6.750000 % 0.00
A-6 76110FYQ0 88,071,000.00 88,071,000.00 6.750000 % 0.00
A-P 76110FYR8 95,321.30 95,219.91 0.000000 % 95.61
A-V 76110FYS6 0.00 0.00 0.841353 % 0.00
R 76110FYT4 100.00 0.00 6.750000 % 0.00
M-1 76110FYU1 12,410,000.00 12,385,394.44 6.750000 % 8,679.37
M-2 76110FYV9 5,563,000.00 5,551,970.13 6.750000 % 3,890.68
M-3 76110FYW7 4,279,000.00 4,270,515.94 6.750000 % 2,992.67
B-1 76110FYX5 2,567,500.00 2,562,409.37 6.750000 % 1,795.67
B-2 76110FYY3 1,283,800.00 1,281,254.58 6.750000 % 897.87
B-3 76110FYZ0 1,711,695.86 1,708,302.04 6.750000 % 1,197.15
- -------------------------------------------------------------------------------
427,918,417.16 424,660,669.70 3,743,617.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 586,061.66 586,061.66 0.00 0.00 104,208,000.00
A-2 521,262.08 2,526,348.55 0.00 0.00 94,245,701.79
A-3 235,323.53 1,176,726.77 0.00 0.00 44,249,066.33
A-4 248,796.31 1,026,374.92 0.00 0.00 36,548,766.85
A-5 144,867.60 144,867.60 0.00 0.00 25,759,000.00
A-6 495,307.82 495,307.82 0.00 0.00 88,071,000.00
A-P 0.00 95.61 0.00 0.00 95,124.30
A-V 297,686.33 297,686.33 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 69,654.96 78,334.33 0.00 0.00 12,376,715.07
M-2 31,224.06 35,114.74 0.00 0.00 5,548,079.45
M-3 24,017.21 27,009.88 0.00 0.00 4,267,523.27
B-1 14,410.89 16,206.56 0.00 0.00 2,560,613.70
B-2 7,205.73 8,103.60 0.00 0.00 1,280,356.71
B-3 9,607.42 10,804.57 0.00 0.00 1,707,104.89
- -------------------------------------------------------------------------------
2,685,425.60 6,429,042.94 0.00 0.00 420,917,052.36
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 0.000000 5.623960 5.623960 0.000000 1000.000000
A-2 982.401513 20.465287 5.320358 25.785645 0.000000 961.936227
A-3 982.401512 20.465288 5.115729 25.581017 0.000000 961.936225
A-4 982.401512 20.465288 6.548133 27.013421 0.000000 961.936224
A-5 1000.000000 0.000000 5.623961 5.623961 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623960 5.623960 0.000000 1000.000000
A-P 998.936334 1.003029 0.000000 1.003029 0.000000 997.933306
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-1 998.017280 0.699385 5.612809 6.312194 0.000000 997.317894
M-2 998.017280 0.699385 5.612810 6.312195 0.000000 997.317895
M-3 998.017280 0.699385 5.612809 6.312194 0.000000 997.317894
B-1 998.017281 0.699385 5.612810 6.312195 0.000000 997.317897
B-2 998.017277 0.699385 5.612814 6.312199 0.000000 997.317892
B-3 998.017276 0.699382 5.612808 6.312190 0.000000 997.317884
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:48:49 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS14 (POOL # 4335)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4335
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 88,080.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 16,530.70
SUBSERVICER ADVANCES THIS MONTH 152,670.98
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 174 19,159,390.18
(B) TWO MONTHLY PAYMENTS: 18 2,266,942.93
(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 420,917,052.36
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,174
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 3,446,009.72
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.46158610 % 5.23073200 % 1.30768200 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.40804480 % 5.27237318 % 1.31839030 %
BANKRUPTCY AMOUNT AVAILABLE 190,375.00
FRAUD AMOUNT AVAILABLE 8,558,368.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,279,184.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.91617488
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.20
POOL TRADING FACTOR: 98.36385523
................................................................................
Run: 12/29/98 16:49:42 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS15(POOL # 4336)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4336
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB 250,018,000.00 250,018,000.00 6.500000 % 815,771.51
NB 150,029,000.00 150,029,000.00 6.500000 % 693,749.65
A-V 0.00 0.00 1.029344 % 0.00
R 100.00 100.00 6.500000 % 100.00
M-1 14,626,000.00 14,626,000.00 6.500000 % 10,453.50
M-2 5,377,000.00 5,377,000.00 6.500000 % 3,843.05
M-3 4,517,000.00 4,517,000.00 6.500000 % 3,228.39
B-1 2,581,000.00 2,581,000.00 6.500000 % 1,844.69
B-2 1,290,500.00 1,290,500.00 6.500000 % 922.35
B-3 1,720,903.67 1,720,903.67 6.500000 % 1,229.96
- -------------------------------------------------------------------------------
430,159,503.67 430,159,503.67 1,531,143.10
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 1,353,793.25 2,169,564.76 0.00 0.00 249,202,228.49
NB 812,381.47 1,506,131.12 0.00 0.00 149,335,250.35
A-V 368,858.02 368,858.02 0.00 0.00 0.00
R 0.54 100.54 0.00 0.00 0.00
M-1 79,192.23 89,645.73 0.00 0.00 14,615,546.50
M-2 29,113.68 32,956.73 0.00 0.00 5,373,156.95
M-3 24,457.22 27,685.61 0.00 0.00 4,513,771.61
B-1 13,974.78 15,819.47 0.00 0.00 2,579,155.31
B-2 6,987.39 7,909.74 0.00 0.00 1,289,577.65
B-3 9,317.80 10,547.76 0.00 0.00 1,719,673.71
- -------------------------------------------------------------------------------
2,698,076.38 4,229,219.48 0.00 0.00 428,628,360.57
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 1000.000000 3.262851 5.414783 8.677634 0.000000 996.737149
NB 1000.000000 4.624104 5.414830 10.038934 0.000000 995.375896
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.400000 1005.400000 0.000000 0.000000
M-1 1000.000000 0.714720 5.414483 6.129203 0.000000 999.285280
M-2 1000.000000 0.714720 5.414484 6.129204 0.000000 999.285280
M-3 1000.000000 0.714720 5.414483 6.129203 0.000000 999.285280
B-1 1000.000000 0.714719 5.414483 6.129202 0.000000 999.285281
B-2 1000.000000 0.714723 5.414483 6.129206 0.000000 999.285277
B-3 1000.000000 0.714718 5.414481 6.129199 0.000000 999.285282
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:49:43 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS15 (POOL # 4336)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4336
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 89,768.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 17,970.85
SUBSERVICER ADVANCES THIS MONTH 43,700.37
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 53 6,168,582.27
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 428,628,360.57
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,026
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 1,223,699.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.99971210 % 5.70021100 % 1.30007670 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.97972680 % 5.71648480 % 1.30378840 %
BANKRUPTCY AMOUNT AVAILABLE 164,263.00
FRAUD AMOUNT AVAILABLE 8,603,190.04
SPECIAL HAZARD AMOUNT AVAILABLE 301,595.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.82934700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.90
POOL TRADING FACTOR: 99.64405224
................................................................................
Run: 12/29/98 16:48:50 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS16(POOL # 4337)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4337
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FZA4 109,739,000.00 109,739,000.00 6.500000 % 399,465.63
A-P 76110FZB2 32,286.88 32,286.88 0.000000 % 108.02
A-V 76110FZC0 0.00 0.00 0.761472 % 0.00
R 76110FZD8 100.00 100.00 6.500000 % 100.00
M-1 76110FZE6 3,276,000.00 3,276,000.00 6.500000 % 10,198.37
M-2 76110FZF3 517,300.00 517,300.00 6.500000 % 1,610.38
M-3 76110FZG1 459,700.00 459,700.00 6.500000 % 1,431.07
B-1 76110FZH9 344,800.00 344,800.00 6.500000 % 1,073.38
B-2 76110FZJ5 229,800.00 229,800.00 6.500000 % 715.38
B-3 76110FZK2 344,884.43 344,884.43 6.500000 % 1,073.66
- -------------------------------------------------------------------------------
114,943,871.31 114,943,871.31 415,775.89
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 594,114.15 993,579.78 0.00 0.00 109,339,534.37
A-P 0.00 108.02 0.00 0.00 32,178.86
A-V 72,901.30 72,901.30 0.00 0.00 0.00
R 0.54 100.54 0.00 0.00 0.00
M-1 17,735.88 27,934.25 0.00 0.00 3,265,801.63
M-2 2,800.60 4,410.98 0.00 0.00 515,689.62
M-3 2,488.76 3,919.83 0.00 0.00 458,268.93
B-1 1,866.71 2,940.09 0.00 0.00 343,726.62
B-2 1,244.11 1,959.49 0.00 0.00 229,084.62
B-3 1,867.15 2,940.81 0.00 0.00 343,810.77
- -------------------------------------------------------------------------------
695,019.20 1,110,795.09 0.00 0.00 114,528,095.42
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 3.640143 5.413883 9.054026 0.000000 996.359857
A-P 1000.000000 3.345631 0.000000 3.345631 0.000000 996.654369
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.400000 1005.400000 0.000000 0.000000
M-1 1000.000000 3.113056 5.413883 8.526939 0.000000 996.886944
M-2 1000.000000 3.113049 5.413880 8.526929 0.000000 996.886952
M-3 1000.000000 3.113052 5.413879 8.526931 0.000000 996.886948
B-1 1000.000000 3.113051 5.413892 8.526943 0.000000 996.886949
B-2 1000.000000 3.113055 5.413882 8.526937 0.000000 996.886945
B-3 1000.000000 3.113043 5.413872 8.526915 0.000000 996.886899
_______________________________________________________________________________
DETERMINATION DATE 21-December-98
DISTRIBUTION DATE 28-December-98
Run: 12/29/98 16:48:50 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS16 (POOL # 4337)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4337
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 23,933.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,902.36
SUBSERVICER ADVANCES THIS MONTH 20,442.32
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 19 2,234,032.64
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 114,528,095.42
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,200
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 57,942.99
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.49872670 % 3.70110600 % 0.80016690 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.49644880 % 3.70193896 % 0.80057180 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,298,877.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,296,326.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.58841982
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 175.08
POOL TRADING FACTOR: 99.63827920
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