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)
October 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 October 1998 distribution to holders of the following series of Conduit
Mortgage Pass-Through
<PAGE>
Certificates.
Master Serviced by Residential Funding Corporation
1995-QS1 RALI 1996-QS1 RALI 1996-QS2 RALI 1996-QS3 RALI 1996-QS4 RALI 1996-QS5
RALI 1996-QS7 RALI 1996-QS8 RALI 1997-QS1 RALI 1997-QS2 RALI 1997-QS3 RALI
1997-QS4 RALI 1997-QS5 RALI 1997-QS6 RALI 1997-QS7 RALI 1997-QS8 RALI 1997-QS9
RALI 1997-QS10 RALI 1997-QS11 RALI 1997-QS12 RALI 1997-QS13 RALI 1998-QS1 RALI
1998-QS2 RALI 1998-QS3GR1 RALI 1998-QS4 RALI 1998-QS5 RALI 1998-QS6 RALI
1998-QS8 RALI 1998-QS7 RALI 1998-QS10 RALI 1998-QS11 RALI 1998-QS9 RALI
1998-QS12 RALI 30 YR FIXED RALI ->
Item 7. Financial Statements and Exhibits
(a)Not applicable
(b) Not applicable
(c) See Item 5.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities ExchangeAct of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: October 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: October 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 32,380.72 6.900000 % 32,380.72
A-3 76110FAC7 22,250,000.00 22,250,000.00 7.300000 % 4,423,547.40
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 2,303,786.52 0.000000 % 0.00
- -------------------------------------------------------------------------------
258,459,514.42 123,795,167.24 4,455,928.12
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 186.19 32,566.91 0.00 0.00 0.00
A-3 135,354.17 4,558,901.57 0.00 0.00 17,826,452.60
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 72,808.88 72,808.88 0.00 0.00 2,228,313.01
- -------------------------------------------------------------------------------
828,405.49 5,284,333.61 0.00 0.00 119,263,765.61
===============================================================================
_______________________________________________________________________________
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 0.392494 0.392494 0.002257 0.394751 0.000000 0.000000
A-3 1000.000000 198.811119 6.083333 204.894452 0.000000 801.188881
A-4 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4180
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 25,083.70
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 291.72
SUBSERVICER ADVANCES THIS MONTH 65,890.50
MASTER SERVICER ADVANCES THIS MONTH 5,591.39
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,938,920.64
(B) TWO MONTHLY PAYMENTS: 6 441,521.28
(C) THREE OR MORE MONTHLY PAYMENTS: 2 146,162.97
FORECLOSURES
NUMBER OF LOANS 23
AGGREGATE PRINCIPAL BALANCE 3,261,891.62
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 119,263,765.61
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,405
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 674,271.50
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,916,130.19
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.13903360 % 1.86096640 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.13160940 % 1.86839060 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33001000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 290.12
POOL TRADING FACTOR: 46.14408020
................................................................................
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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 5,067,164.43 6.250000 % 4,568,819.38
A-I-3 76110FAJ2 22,562,000.00 22,562,000.00 6.750000 % 0.00
A-I-4 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I-5 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I-6 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I-7 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 11,662,318.86 5.952721 % 798,441.78
R 0.53 1,920,840.08 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 126,016,459.37 5,367,261.16
===============================================================================
_______________________________________________________________________________
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 26,391.48 4,595,210.86 0.00 0.00 498,345.05
A-I-3 126,911.25 126,911.25 0.00 0.00 22,562,000.00
A-I-4 183,149.00 183,149.00 0.00 0.00 31,852,000.00
A-I-5 85,393.13 85,393.13 0.00 0.00 14,535,000.00
A-I-6 111,270.20 111,270.20 0.00 0.00 18,417,136.00
A-I-7 111,666.67 111,666.67 0.00 0.00 20,000,000.00
A-II 60,037.87 858,479.65 0.00 0.00 10,863,877.08
R 21,167.47 21,167.47 69,181.49 0.00 1,990,021.57
- -------------------------------------------------------------------------------
725,987.07 6,093,248.23 69,181.49 0.00 120,718,379.70
===============================================================================
_______________________________________________________________________________
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 75.419945 68.002551 0.392812 68.395363 0.000000 7.417394
A-I-3 1000.000000 0.000000 5.625000 5.625000 0.000000 1000.000000
A-I-4 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I-7 1000.000000 0.000000 5.583334 5.583334 0.000000 1000.000000
A-II 397.015543 27.181026 2.043845 29.224871 0.000000 369.834516
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-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 26,315.54
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 68,043.05
MASTER SERVICER ADVANCES THIS MONTH 15,337.35
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 4,770,370.00
(B) TWO MONTHLY PAYMENTS: 6 446,013.80
(C) THREE OR MORE MONTHLY PAYMENTS: 4 465,235.25
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 2,938,717.42
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 120,718,379.70
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,127
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 8
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,906,215.98
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,784,730.87
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 208,204.14
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.47572290 % 1.52427710 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.35151730 % 1.64848270 %
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 8.95954500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 299.67
POOL TRADING FACTOR: 47.16628392
................................................................................
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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 12,151,398.41 7.050000 % 3,501,669.45
A-4 76110FAV5 15,000,000.00 15,000,000.00 7.050000 % 0.00
A-5 76110FAW3 14,000,000.00 14,000,000.00 7.350000 % 0.00
A-6 76110FAX1 10,000,000.00 10,000,000.00 7.450000 % 0.00
A-7 76110FAY9 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-8 76110FAZ6 14,043,411.00 14,043,411.00 7.500000 % 0.00
A-9 76110FBA0 18,190,000.00 18,190,000.00 7.500000 % 0.00
A-10 76110FBB8 178,007.00 131,359.00 0.000000 % 159.22
R 0.00 1,786,266.97 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 111,302,435.38 3,501,828.67
===============================================================================
_______________________________________________________________________________
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 71,389.47 3,573,058.92 0.00 0.00 8,649,728.96
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 0.00 159.22 0.00 0.00 131,199.78
R 73,313.81 73,313.81 32,847.21 0.00 1,819,114.18
- -------------------------------------------------------------------------------
739,203.76 4,241,032.43 32,847.21 0.00 107,833,453.92
===============================================================================
_______________________________________________________________________________
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-3 426.364856 122.865595 2.504894 125.370489 0.000000 303.499262
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-10 737.942890 0.894459 0.000000 0.894459 0.000000 737.048431
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-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 22,927.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 58,504.49
MASTER SERVICER ADVANCES THIS MONTH 3,310.35
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 2,727,999.27
(B) TWO MONTHLY PAYMENTS: 5 465,728.80
(C) THREE OR MORE MONTHLY PAYMENTS: 6 1,157,120.93
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 3,021,861.82
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 107,833,453.92
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,116
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 420,203.03
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,350,549.01
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.39512320 % 1.60487680 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.31303360 % 1.68696640 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.78933413
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 305.52
POOL TRADING FACTOR: 59.27800196
................................................................................
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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 2,631,122.70 7.290000 % 1,044,201.97
A-I-4 76110FBF9 25,000,000.00 4,670,267.62 7.250000 % 1,853,468.35
A-I-5 76110FBG7 18,587,000.00 18,587,000.00 7.460000 % 0.00
A-I-6 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I-7 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I-8 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I-9 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I-10 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I-11 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 13,999,122.74 7.750000 % 1,054,248.97
A-P 76110FBQ5 1,166,695.86 934,418.26 0.000000 % 11,315.59
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 12,193,808.19 7.750000 % 12,385.80
M-2 76110FBU6 5,568,000.00 5,419,254.00 7.750000 % 5,504.58
M-3 76110FBV4 4,176,000.00 4,064,440.51 7.750000 % 4,128.44
B-1 1,809,600.00 1,761,257.54 7.750000 % 1,788.99
B-2 696,000.00 677,406.74 7.750000 % 688.07
B-3 1,670,738.96 1,486,139.58 7.750000 % 1,509.54
A-V 0.00 0.00 0.694439 % 0.00
STRIP 76110FHY2 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 173,623,799.88 3,989,240.30
===============================================================================
_______________________________________________________________________________
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 15,978.45 1,060,180.42 0.00 0.00 1,586,920.73
A-I-4 28,206.28 1,881,674.63 0.00 0.00 2,816,799.27
A-I-5 115,508.56 115,508.56 0.00 0.00 18,587,000.00
A-I-6 140,070.74 140,070.74 0.00 0.00 21,696,000.00
A-I-7 51,951.94 51,951.94 0.00 0.00 8,047,000.00
A-I-8 112,567.91 112,567.91 0.00 0.00 17,436,000.00
A-I-9 162,337.70 162,337.70 0.00 0.00 25,145,000.00
A-I-10 122,665.19 122,665.19 0.00 0.00 19,000,000.00
A-I-11 102,493.62 102,493.62 0.00 0.00 15,875,562.00
A-II 90,379.21 1,144,628.18 0.00 0.00 12,944,873.77
A-P 0.00 11,315.59 0.00 0.00 923,102.67
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 78,723.99 91,109.79 0.00 0.00 12,181,422.39
M-2 34,987.05 40,491.63 0.00 0.00 5,413,749.42
M-3 26,240.28 30,368.72 0.00 0.00 4,060,312.07
B-1 11,370.79 13,159.78 0.00 0.00 1,759,468.55
B-2 4,373.38 5,061.45 0.00 0.00 676,718.67
B-3 9,594.61 11,104.15 0.00 0.00 1,484,630.04
A-V 100,440.55 100,440.55 0.00 0.00 0.00
STRIP 7,443.78 7,443.78 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,215,334.03 5,204,574.33 0.00 0.00 169,634,559.58
===============================================================================
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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-3 248.312826 98.546807 1.507970 100.054777 0.000000 149.766018
A-I-4 186.810705 74.138734 1.128251 75.266985 0.000000 112.671971
A-I-5 1000.000000 0.000000 6.214481 6.214481 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.456063 6.456063 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.456063 6.456063 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.456063 6.456063 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.456063 6.456063 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.456063 6.456063 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.456062 6.456062 0.000000 1000.000000
A-II 681.174852 51.298063 4.397707 55.695770 0.000000 629.876789
A-P 800.909896 9.698838 0.000000 9.698838 0.000000 791.211058
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-1 973.285564 0.988610 6.283593 7.272203 0.000000 972.296954
M-2 973.285560 0.988610 6.283594 7.272204 0.000000 972.296950
M-3 973.285563 0.988611 6.283592 7.272203 0.000000 972.296952
B-1 973.285555 0.988611 6.283593 7.272204 0.000000 972.296944
B-2 973.285546 0.988606 6.283592 7.272198 0.000000 972.296940
B-3 889.510340 0.903516 5.742734 6.646250 0.000000 888.606826
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 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:10:47 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4211
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 36,051.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 49,598.75
MASTER SERVICER ADVANCES THIS MONTH 438.03
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 3,549,057.12
(B) TWO MONTHLY PAYMENTS: 5 252,014.11
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 21
AGGREGATE PRINCIPAL BALANCE 2,385,356.40
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 169,634,559.58
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,691
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 52,089.98
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,804,470.05
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.71596360 % 12.48532900 % 2.26052180 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 84.84021080 % 12.76596227 % 2.32397810 %
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 8.73508200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 305.95
POOL TRADING FACTOR: 60.93091760
................................................................................
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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 3,890,296.22 11.000000 % 758,637.23
A-I-3 76110FBY8 15,646,000.00 0.00 7.300000 % 0.00
A-I-4 76110FBZ5 32,740,000.00 17,328,718.78 7.500000 % 4,551,545.34
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 6,480,145.97 7.250000 % 239,562.30
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,228,000.19 0.000000 % 78,223.13
A-V-1 0.00 0.00 0.945301 % 0.00
A-V-2 0.00 0.00 0.373954 % 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 12,897,237.05 8.000000 % 14,229.78
M-2 76110FCN1 5,570,800.00 5,430,477.16 8.000000 % 5,991.56
M-3 76110FCP6 4,456,600.00 4,344,342.75 8.000000 % 4,793.20
B-1 76110FCR2 2,228,400.00 2,172,268.86 8.000000 % 2,396.71
B-2 76110FCS0 696,400.00 678,858.38 8.000000 % 749.00
B-3 76110FCT8 1,671,255.97 1,098,238.93 8.000000 % 1,211.71
STRIP 0.00 0.00 0.143787 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 166,924,584.29 5,657,339.96
===============================================================================
_______________________________________________________________________________
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 35,535.80 794,173.03 0.00 0.00 3,131,658.99
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 107,924.08 4,659,469.42 0.00 0.00 12,777,173.44
A-I-5 64,088.35 64,088.35 0.00 0.00 10,023,000.00
A-I-6 178,112.20 178,112.20 0.00 0.00 26,811,000.00
A-I-7 119,884.11 119,884.11 0.00 0.00 18,046,000.00
A-I-8 60,413.73 60,413.73 0.00 0.00 9,094,000.00
A-I-9 68,319.19 68,319.19 0.00 0.00 10,284,000.00
A-I-10 180,655.07 180,655.07 0.00 0.00 27,538,000.00
A-II-1 39,013.37 278,575.67 0.00 0.00 6,240,583.67
A-II-2 54,505.38 54,505.38 0.00 0.00 8,580,000.00
A-P 0.00 78,223.13 0.00 0.00 2,149,777.06
A-V-1 87,180.04 87,180.04 0.00 0.00 0.00
A-V-2 17,347.96 17,347.96 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 85,679.58 99,909.36 0.00 0.00 12,883,007.27
M-2 36,076.02 42,067.58 0.00 0.00 5,424,485.60
M-3 28,860.56 33,653.76 0.00 0.00 4,339,549.55
B-1 14,430.92 16,827.63 0.00 0.00 2,169,872.15
B-2 4,509.82 5,258.82 0.00 0.00 678,109.38
B-3 7,295.87 8,507.58 0.00 0.00 1,097,027.22
STRIP 8,816.65 8,816.65 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,198,648.70 6,855,988.66 0.00 0.00 161,267,244.33
===============================================================================
Run: 11/02/98 12:10:48
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-2 144.379151 28.155028 1.318827 29.473855 0.000000 116.224123
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 529.282797 139.020933 3.296398 142.317331 0.000000 390.261864
A-I-5 1000.000000 0.000000 6.394129 6.394129 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.643251 6.643251 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.643251 6.643251 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.643252 6.643252 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.643251 6.643251 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.560210 6.560210 0.000000 1000.000000
A-II-1 404.478245 14.953018 2.435140 17.388158 0.000000 389.525228
A-II-2 1000.000000 0.000000 6.352608 6.352608 0.000000 1000.000000
A-P 732.982084 25.734359 0.000000 25.734359 0.000000 707.247726
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-1 974.811009 1.075529 6.475914 7.551443 0.000000 973.735480
M-2 974.811007 1.075530 6.475914 7.551444 0.000000 973.735478
M-3 974.811011 1.075528 6.475914 7.551442 0.000000 973.735482
B-1 974.811012 1.075530 6.475911 7.551441 0.000000 973.735483
B-2 974.810999 1.075531 6.475905 7.551436 0.000000 973.735468
B-3 657.133886 0.725030 4.365501 5.090531 0.000000 656.408859
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:10:49 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 34,093.32
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 44,696.57
MASTER SERVICER ADVANCES THIS MONTH 7,264.70
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,388,323.59
(B) TWO MONTHLY PAYMENTS: 7 799,646.09
(C) THREE OR MORE MONTHLY PAYMENTS: 3 269,680.26
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 945,674.21
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 161,267,244.33
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,757
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 871,713.03
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,466,267.70
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 82.71709140 % 13.58221600 % 2.36595840 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.28778630 % 14.04317567 % 2.47930590 %
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 8.97618500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 298.44
POOL TRADING FACTOR: 57.89821195
................................................................................
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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 2,900,013.21 9.500000 % 442,204.61
A-I-2 76110FCV3 25,000,000.00 6,050,290.56 7.600000 % 546,530.23
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 2,049,563.12 7.600000 % 1,112,038.73
A-I-6 76110FCZ4 5,558,000.00 5,558,000.00 7.800000 % 0.00
A-I-7 76110FDA8 16,926,000.00 16,926,000.00 8.000000 % 0.00
A-I-8 76110FDB6 6,884,000.00 6,884,000.00 8.000000 % 0.00
A-I-9 76110FDC4 11,229,000.00 11,229,000.00 8.000000 % 0.00
A-I-10 76110FDD2 22,501,000.00 22,501,000.00 8.000000 % 0.00
A-II-1 76110FDE0 11,162,000.00 5,330,101.18 8.000000 % 448,142.06
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 864,602.35 0.000000 % 1,286.84
A-V-1 0.00 0.00 1.017868 % 0.00
A-V-2 0.00 0.00 0.494625 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,718,271.55 8.000000 % 8,438.07
M-2 76110FDK6 3,958,800.00 3,858,697.17 8.000000 % 4,218.55
M-3 76110FDL4 2,815,100.00 2,743,916.95 8.000000 % 2,999.81
B-1 76110FDM2 1,407,600.00 1,372,007.21 8.000000 % 1,499.96
B-2 76110FDN0 439,800.00 428,679.15 8.000000 % 468.66
B-3 76110FDP5 1,055,748.52 990,829.99 8.000000 % 1,083.23
- -------------------------------------------------------------------------------
175,944,527.21 101,929,972.44 2,568,910.75
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 22,950.78 465,155.39 0.00 0.00 2,457,808.60
A-I-2 38,305.72 584,835.95 0.00 0.00 5,503,760.33
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 12,976.24 1,125,014.97 0.00 0.00 937,524.39
A-I-6 36,114.94 36,114.94 0.00 0.00 5,558,000.00
A-I-7 112,802.33 112,802.33 0.00 0.00 16,926,000.00
A-I-8 45,878.01 45,878.01 0.00 0.00 6,884,000.00
A-I-9 74,835.01 74,835.01 0.00 0.00 11,229,000.00
A-I-10 149,956.59 149,956.59 0.00 0.00 22,501,000.00
A-II-1 35,522.15 483,664.21 0.00 0.00 4,881,959.12
A-II-2 30,156.60 30,156.60 0.00 0.00 4,525,000.00
A-P 0.00 1,286.84 0.00 0.00 863,315.51
A-V-1 60,698.07 60,698.07 0.00 0.00 0.00
A-V-2 12,504.49 12,504.49 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 51,437.96 59,876.03 0.00 0.00 7,709,833.48
M-2 25,716.06 29,934.61 0.00 0.00 3,854,478.62
M-3 18,286.67 21,286.48 0.00 0.00 2,740,917.14
B-1 9,143.66 10,643.62 0.00 0.00 1,370,507.25
B-2 2,856.91 3,325.57 0.00 0.00 428,210.49
B-3 6,603.32 7,686.55 0.00 0.00 989,746.76
- -------------------------------------------------------------------------------
746,745.51 3,315,656.26 0.00 0.00 99,361,061.69
===============================================================================
Run: 11/02/98 12:10:50
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-1 121.604043 18.542629 0.962378 19.505007 0.000000 103.061414
A-I-2 242.011622 21.861209 1.532229 23.393438 0.000000 220.150413
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-5 202.186359 109.700970 1.280087 110.981057 0.000000 92.485389
A-I-6 1000.000000 0.000000 6.497830 6.497830 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.664441 6.664441 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.664441 6.664441 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.664441 6.664441 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.664441 6.664441 0.000000 1000.000000
A-II-1 477.522055 40.148903 3.182418 43.331321 0.000000 437.373152
A-II-2 1000.000000 0.000000 6.664442 6.664442 0.000000 1000.000000
A-P 781.823864 1.163639 0.000000 1.163639 0.000000 780.660224
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-1 974.713841 1.065615 6.495922 7.561537 0.000000 973.648226
M-2 974.713845 1.065613 6.495923 7.561536 0.000000 973.648232
M-3 974.713847 1.065614 6.495922 7.561536 0.000000 973.648233
B-1 974.713846 1.065615 6.495922 7.561537 0.000000 973.648231
B-2 974.713847 1.065621 6.495930 7.561551 0.000000 973.648227
B-3 938.509476 1.026030 6.254633 7.280663 0.000000 937.483449
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:10:51 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS5 (POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4222
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 20,832.39
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 45,342.43
MASTER SERVICER ADVANCES THIS MONTH 4,922.95
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 2,731,204.97
(B) TWO MONTHLY PAYMENTS: 9 1,675,675.44
(C) THREE OR MORE MONTHLY PAYMENTS: 1 98,536.38
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,091,980.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 99,361,061.69
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,080
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 594,935.46
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,452,006.62
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 82.36337760 % 14.04973000 % 2.73866100 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.64559910 % 14.39721859 % 2.83099320 %
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 9.12514200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 303.19
POOL TRADING FACTOR: 56.47294819
................................................................................
Run: 11/02/98 12:10:52 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 7,159,603.73 5.927340 % 945,766.74
A-I-3 76110FDS9 0.00 0.00 3.072660 % 0.00
A-I-4 76110FDT7 13,330,948.00 0.00 7.125000 % 0.00
A-I-5 76110FDU4 24,973,716.00 11,480,080.17 7.600000 % 2,364,417.01
A-I-6 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I-7 76110FDW0 1,000,000.00 1,000,000.00 7.700000 % 0.00
A-I-8 76110FDX8 9,539,699.00 9,539,699.00 7.700000 % 0.00
A-I-9 76110FDY6 22,526,000.00 22,526,000.00 8.000000 % 0.00
A-I-10 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I-11 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I-12 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 13,863,157.01 8.000000 % 601,625.02
A-P 76110FED1 601,147.92 419,656.51 0.000000 % 2,653.38
A-V-1 0.00 0.00 0.887253 % 0.00
A-V-2 0.00 0.00 0.527830 % 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 8,899,062.53 8.000000 % 9,274.83
M-2 76110FEH2 5,126,400.00 5,005,173.48 8.000000 % 5,216.52
M-3 76110FEJ8 3,645,500.00 3,559,293.03 8.000000 % 3,709.58
B-1 1,822,700.00 1,779,597.72 8.000000 % 1,854.74
B-2 569,600.00 556,130.40 8.000000 % 579.61
B-3 1,366,716.75 1,270,622.63 8.000000 % 1,324.27
- -------------------------------------------------------------------------------
227,839,864.67 137,748,076.21 3,936,421.70
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 35,297.12 981,063.86 0.00 0.00 6,213,836.99
A-I-3 18,297.59 18,297.59 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 72,568.64 2,436,985.65 0.00 0.00 9,115,663.16
A-I-6 494.34 494.34 0.00 0.00 0.00
A-I-7 6,404.44 6,404.44 0.00 0.00 1,000,000.00
A-I-8 61,096.44 61,096.44 0.00 0.00 9,539,699.00
A-I-9 149,887.21 149,887.21 0.00 0.00 22,526,000.00
A-I-10 77,518.69 77,518.69 0.00 0.00 11,650,000.00
A-I-11 202,420.26 202,420.26 0.00 0.00 30,421,000.00
A-I-12 57,350.52 57,350.52 0.00 0.00 8,619,000.00
A-II 92,244.96 693,869.98 0.00 0.00 13,261,531.99
A-P 0.00 2,653.38 0.00 0.00 417,003.13
A-V-1 78,015.94 78,015.94 0.00 0.00 0.00
A-V-2 14,062.25 14,062.25 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 59,214.04 68,488.87 0.00 0.00 8,889,787.70
M-2 33,304.24 38,520.76 0.00 0.00 4,999,956.96
M-3 23,683.41 27,392.99 0.00 0.00 3,555,583.45
B-1 11,841.38 13,696.12 0.00 0.00 1,777,742.98
B-2 3,700.48 4,280.09 0.00 0.00 555,550.79
B-3 8,454.68 9,778.95 0.00 0.00 1,269,298.34
- -------------------------------------------------------------------------------
1,005,856.63 4,942,278.33 0.00 0.00 133,811,654.49
===============================================================================
Run: 11/02/98 12:10:52
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-2 165.263005 21.830853 0.814753 22.645606 0.000000 143.432153
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-5 459.686503 94.676219 2.905801 97.582020 0.000000 365.010284
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 1000.000000 0.000000 6.404440 6.404440 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.404441 6.404441 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.653965 6.653965 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.653965 6.653965 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.653965 6.653965 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.653964 6.653964 0.000000 1000.000000
A-II 689.572076 29.925638 4.588388 34.514026 0.000000 659.646438
A-P 698.091927 4.413862 0.000000 4.413862 0.000000 693.678065
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-1 976.352504 1.017579 6.496614 7.514193 0.000000 975.334924
M-2 976.352505 1.017580 6.496614 7.514194 0.000000 975.334925
M-3 976.352498 1.017578 6.496615 7.514193 0.000000 975.334920
B-1 976.352510 1.017578 6.496615 7.514193 0.000000 975.334932
B-2 976.352528 1.017574 6.496629 7.514203 0.000000 975.334954
B-3 929.689806 0.968943 6.186125 7.155068 0.000000 928.720852
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:10:53 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 28,159.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 44,222.02
MASTER SERVICER ADVANCES THIS MONTH 2,801.60
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 3,980,372.92
(B) TWO MONTHLY PAYMENTS: 3 182,125.46
(C) THREE OR MORE MONTHLY PAYMENTS: 2 243,074.21
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 983,211.07
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 133,811,654.49
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,424
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 353,986.54
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,783,148.27
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.39939280 % 12.67787500 % 2.61807700 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.22131620 % 13.03722622 % 2.70070210 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,556,797.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,278,399.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.10864900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 304.54
POOL TRADING FACTOR: 58.73057144
................................................................................
Run: 11/02/98 12:07:35 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 1,607,271.15 7.400000 % 102,794.87
A-2 76110FEL3 4,074,824.00 0.00 7.300000 % 0.00
A-3 76110FEM1 13,128,206.00 10,328,585.85 7.050000 % 870,508.52
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 3,962,992.69 7.400000 % 419,775.69
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 14,886,387.43 6.027340 % 819,316.99
A-8 76110FES8 0.00 0.00 2.972660 % 0.00
A-9 76110FET6 32,965,000.00 0.00 0.000000 % 0.00
A-10 76110FEU3 20,953,719.00 19,496,832.82 7.400000 % 662,545.10
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 85,703.67 0.000000 % 124.22
A-15-1 0.00 0.00 0.981113 % 0.00
A-15-2 0.00 0.00 0.561958 % 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 6,433,088.46 7.750000 % 4,888.49
M-2 76110FFC2 4,440,700.00 4,288,757.85 7.750000 % 3,259.02
M-3 76110FFD0 3,108,500.00 3,002,140.15 7.750000 % 2,281.32
B-1 1,509,500.00 1,457,851.23 7.750000 % 1,107.82
B-2 444,000.00 428,808.19 7.750000 % 325.85
B-3 1,154,562.90 1,057,658.21 7.750000 % 803.72
- -------------------------------------------------------------------------------
177,623,205.60 110,023,683.70 2,887,731.61
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 9,885.13 112,680.00 0.00 0.00 1,504,476.28
A-2 0.00 0.00 0.00 0.00 0.00
A-3 60,518.93 931,027.45 0.00 0.00 9,458,077.33
A-4 22,843.69 22,843.69 0.00 0.00 3,765,148.00
A-5 24,373.40 444,149.09 0.00 0.00 3,543,217.00
A-6 15,993.74 15,993.74 0.00 0.00 2,600,500.00
A-7 74,572.08 893,889.07 0.00 0.00 14,067,070.44
A-8 36,778.66 36,778.66 0.00 0.00 0.00
A-9 0.00 0.00 0.00 0.00 0.00
A-10 119,910.46 782,455.56 0.00 0.00 18,834,287.72
A-11 90,014.98 90,014.98 0.00 0.00 13,975,000.00
A-12 12,882.29 12,882.29 0.00 0.00 2,000,000.00
A-13 132,990.02 132,990.02 0.00 0.00 20,646,958.00
A-14 0.00 124.22 0.00 0.00 85,579.45
A-15-1 70,333.17 70,333.17 0.00 0.00 0.00
A-15-2 11,101.62 11,101.62 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 41,436.45 46,324.94 0.00 0.00 6,428,199.97
M-2 27,624.51 30,883.53 0.00 0.00 4,285,498.83
M-3 19,337.21 21,618.53 0.00 0.00 2,999,858.83
B-1 9,390.23 10,498.05 0.00 0.00 1,456,743.41
B-2 2,762.02 3,087.87 0.00 0.00 428,482.34
B-3 6,812.53 7,616.25 0.00 0.00 1,056,854.49
- -------------------------------------------------------------------------------
789,561.12 3,677,292.73 0.00 0.00 107,135,952.09
===============================================================================
Run: 11/02/98 12:07:35
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-1 401.817788 25.698717 2.471283 28.170000 0.000000 376.119071
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 786.747698 66.308262 4.609840 70.918102 0.000000 720.439436
A-4 1000.000000 0.000000 6.067143 6.067143 0.000000 1000.000000
A-5 377.427875 39.978637 2.321276 42.299913 0.000000 337.449238
A-6 1000.000000 0.000000 6.150256 6.150256 0.000000 1000.000000
A-7 471.393079 25.944532 2.361403 28.305935 0.000000 445.448547
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-10 930.471236 31.619451 5.722634 37.342085 0.000000 898.851785
A-11 1000.000000 0.000000 6.441143 6.441143 0.000000 1000.000000
A-12 1000.000000 0.000000 6.441145 6.441145 0.000000 1000.000000
A-13 1000.000000 0.000000 6.441144 6.441144 0.000000 1000.000000
A-14 739.942948 1.072483 0.000000 1.072483 0.000000 738.870466
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-1 965.784186 0.733897 6.220755 6.954652 0.000000 965.050288
M-2 965.784189 0.733898 6.220756 6.954654 0.000000 965.050292
M-3 965.784189 0.733897 6.220753 6.954650 0.000000 965.050291
B-1 965.784187 0.733899 6.220755 6.954654 0.000000 965.050288
B-2 965.784212 0.733896 6.220766 6.954662 0.000000 965.050315
B-3 916.068072 0.696116 5.900527 6.596643 0.000000 915.371947
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:07:36 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 22,483.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 46,435.74
MASTER SERVICER ADVANCES THIS MONTH 2,418.46
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 4,065,645.54
(B) TWO MONTHLY PAYMENTS: 10 939,999.73
(C) THREE OR MORE MONTHLY PAYMENTS: 3 202,349.25
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 591,175.17
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 107,135,952.09
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,119
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 299,281.57
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,804,073.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.83844790 % 12.48339000 % 2.67816240 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.44130790 % 12.80014539 % 2.74831390 %
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 8.96577489
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 326.06
POOL TRADING FACTOR: 60.31641627
................................................................................
Run: 11/02/98 12:07:46 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 7,728,585.67 6.750000 % 4,221,729.51
A-4 76110FFH1 15,938,000.00 15,938,000.00 6.750000 % 0.00
A-5 76110FFJ7 10,253,000.00 8,553,019.81 6.750000 % 993,348.15
A-6 76110FFK4 31,511,646.00 18,184,919.05 11.000000 % 1,117,516.61
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 212,947.62 157,105.58 0.000000 % 203.63
A-13-1 0.00 0.00 1.023126 % 0.00
A-13-2 0.00 0.00 0.662497 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,243,194.95 7.500000 % 6,599.03
M-2 76110FFW8 6,251,000.00 6,161,801.40 7.500000 % 4,399.12
M-3 76110FFW8 4,375,700.00 4,313,260.97 7.500000 % 3,079.38
B-1 1,624,900.00 1,601,713.50 7.500000 % 1,143.52
B-2 624,800.00 615,884.43 7.500000 % 439.70
B-3 1,500,282.64 1,404,800.06 7.500000 % 1,002.94
- -------------------------------------------------------------------------------
250,038,730.26 174,051,639.42 6,349,461.59
===============================================================================
_______________________________________________________________________________
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 43,039.98 4,264,769.49 0.00 0.00 3,506,856.16
A-4 88,757.66 88,757.66 0.00 0.00 15,938,000.00
A-5 47,631.20 1,040,979.35 0.00 0.00 7,559,671.66
A-6 165,033.58 1,282,550.19 0.00 0.00 17,067,402.44
A-7 98,302.81 98,302.81 0.00 0.00 17,652,000.00
A-8 31,495.60 31,495.60 0.00 0.00 5,655,589.00
A-9 106,188.42 106,188.42 0.00 0.00 19,068,000.00
A-10 57,180.50 57,180.50 0.00 0.00 10,267,765.00
A-11 293,953.06 293,953.06 0.00 0.00 47,506,000.00
A-12 0.00 203.63 0.00 0.00 156,901.95
A-13-1 114,069.35 114,069.35 0.00 0.00 0.00
A-13-2 21,270.36 21,270.36 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,194.15 63,793.18 0.00 0.00 9,236,595.92
M-2 38,127.40 42,526.52 0.00 0.00 6,157,402.28
M-3 26,689.18 29,768.56 0.00 0.00 4,310,181.59
B-1 9,910.93 11,054.45 0.00 0.00 1,600,569.98
B-2 3,810.91 4,250.61 0.00 0.00 615,444.73
B-3 8,692.49 9,695.43 0.00 0.00 1,403,797.12
- -------------------------------------------------------------------------------
1,211,347.58 7,560,809.17 0.00 0.00 167,702,177.83
===============================================================================
Run: 11/02/98 12:07:46
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-3 311.435593 170.121273 1.734364 171.855637 0.000000 141.314320
A-4 1000.000000 0.000000 5.568933 5.568933 0.000000 1000.000000
A-5 834.196802 96.883658 4.645587 101.529245 0.000000 737.313144
A-6 577.085661 35.463606 5.237225 40.700831 0.000000 541.622054
A-7 1000.000000 0.000000 5.568933 5.568933 0.000000 1000.000000
A-8 1000.000000 0.000000 5.568934 5.568934 0.000000 1000.000000
A-9 1000.000000 0.000000 5.568933 5.568933 0.000000 1000.000000
A-10 1000.000000 0.000000 5.568933 5.568933 0.000000 1000.000000
A-11 1000.000000 0.000000 6.187704 6.187704 0.000000 1000.000000
A-12 737.766311 0.956245 0.000000 0.956245 0.000000 736.810066
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-1 985.730505 0.703746 6.099408 6.803154 0.000000 985.026759
M-2 985.730507 0.703747 6.099408 6.803155 0.000000 985.026761
M-3 985.730505 0.703746 6.099408 6.803154 0.000000 985.026759
B-1 985.730506 0.703748 6.099409 6.803157 0.000000 985.026759
B-2 985.730522 0.703745 6.099408 6.803153 0.000000 985.026777
B-3 936.356939 0.668494 5.793902 6.462396 0.000000 935.688438
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:07:47 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 35,659.41
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 42,938.02
MASTER SERVICER ADVANCES THIS MONTH 1,300.58
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 3,582,485.38
(B) TWO MONTHLY PAYMENTS: 9 1,150,666.55
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 792,130.24
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 167,702,177.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,668
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 163,922.17
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,225,140.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.57769470 % 11.33920500 % 2.08310050 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.07899180 % 11.74950740 % 2.16049770 %
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 8.76476719
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.10
POOL TRADING FACTOR: 67.07048050
................................................................................
Run: 11/02/98 12:07:52 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 16,465,032.00 9.000000 % 1,050,004.89
A-2 76110FFZ1 37,000,000.00 5,425,203.58 7.250000 % 2,264,049.21
A-3 76110FGA5 5,200,000.00 5,200,000.00 7.250000 % 0.00
A-4 76110FGB3 18,200,000.00 18,200,000.00 7.250000 % 0.00
A-5 76110FGC1 10,000,000.00 4,965,949.10 7.250000 % 360,963.18
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 130,561.76 113,613.36 0.000000 % 103.05
A-10-1 0.00 0.00 0.795274 % 0.00
A-10-2 0.00 0.00 0.499055 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,868,227.86 7.750000 % 20,372.04
M-2 76110FGL1 4,109,600.00 4,056,790.74 7.750000 % 16,976.43
M-3 76110FGM9 2,630,200.00 2,596,401.35 7.750000 % 10,865.14
B-1 1,068,500.00 1,054,769.53 7.750000 % 4,413.89
B-2 410,900.00 405,619.85 7.750000 % 1,697.39
B-3 821,738.81 808,942.18 7.750000 % 3,385.16
- -------------------------------------------------------------------------------
164,383,983.57 112,932,762.55 3,732,830.38
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 123,181.83 1,173,186.72 0.00 0.00 15,415,027.11
A-2 32,696.07 2,296,745.28 0.00 0.00 3,161,154.37
A-3 31,338.84 31,338.84 0.00 0.00 5,200,000.00
A-4 109,685.94 109,685.94 0.00 0.00 18,200,000.00
A-5 29,928.29 390,891.47 0.00 0.00 4,604,985.92
A-6 44,425.39 44,425.39 0.00 0.00 7,371,430.00
A-7 67,005.32 67,005.32 0.00 0.00 10,400,783.00
A-8 199,712.36 199,712.36 0.00 0.00 31,000,000.00
A-9 0.00 103.05 0.00 0.00 113,510.31
A-10-1 57,318.90 57,318.90 0.00 0.00 0.00
A-10-2 10,880.94 10,880.94 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,362.75 51,734.79 0.00 0.00 4,847,855.82
M-2 26,135.21 43,111.64 0.00 0.00 4,039,814.31
M-3 16,726.89 27,592.03 0.00 0.00 2,585,536.21
B-1 6,795.17 11,209.06 0.00 0.00 1,050,355.64
B-2 2,613.14 4,310.53 0.00 0.00 403,922.46
B-3 5,211.48 8,596.64 0.00 0.00 805,557.02
- -------------------------------------------------------------------------------
795,018.52 4,527,848.90 0.00 0.00 109,199,932.17
===============================================================================
Run: 11/02/98 12:07:52
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-1 529.276402 33.752914 3.959739 37.712653 0.000000 495.523488
A-2 146.627124 61.190519 0.883678 62.074197 0.000000 85.436605
A-3 1000.000000 0.000000 6.026700 6.026700 0.000000 1000.000000
A-4 1000.000000 0.000000 6.026700 6.026700 0.000000 1000.000000
A-5 496.594910 36.096318 2.992829 39.089147 0.000000 460.498592
A-6 1000.000000 0.000000 6.026699 6.026699 0.000000 1000.000000
A-7 1000.000000 0.000000 6.442334 6.442334 0.000000 1000.000000
A-8 1000.000000 0.000000 6.442334 6.442334 0.000000 1000.000000
A-9 870.188637 0.789282 0.000000 0.789282 0.000000 869.399356
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-1 987.149781 4.130919 6.359549 10.490468 0.000000 983.018862
M-2 987.149781 4.130920 6.359551 10.490471 0.000000 983.018861
M-3 987.149779 4.130918 6.359551 10.490469 0.000000 983.018862
B-1 987.149771 4.130922 6.359541 10.490463 0.000000 983.018849
B-2 987.149793 4.130908 6.359552 10.490460 0.000000 983.018885
B-3 984.427375 4.119533 6.342015 10.461548 0.000000 980.307867
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:07:53 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS2 (POOL # 4240)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4240
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 23,117.57
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 38,954.53
MASTER SERVICER ADVANCES THIS MONTH 693.23
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,345,099.80
(B) TWO MONTHLY PAYMENTS: 7 850,514.94
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 710,586.13
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 109,199,932.17
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,137
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 84,780.57
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,260,618.99
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 391,821.80
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.77623160 % 10.21229100 % 2.01147730 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.41086080 % 10.50660574 % 2.07160070 %
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 8.79818775
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.38
POOL TRADING FACTOR: 66.42978823
................................................................................
Run: 11/02/98 12:07:56 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 22,358,691.00 7.500000 % 3,316,758.38
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 5,597,098.72 9.500000 % 473,822.63
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 93,759.09 0.000000 % 1,377.38
A-10-1 0.00 0.00 0.809635 % 0.00
A-10-2 0.00 0.00 0.498801 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,286,107.85 7.750000 % 3,654.76
M-2 76110FHE6 4,112,900.00 4,066,290.04 7.750000 % 2,811.39
M-3 76110FHF3 2,632,200.00 2,602,370.24 7.750000 % 1,799.25
B-1 1,069,400.00 1,057,280.90 7.750000 % 730.99
B-2 411,200.00 406,540.04 7.750000 % 281.08
B-3 823,585.68 814,252.25 7.750000 % 562.96
- -------------------------------------------------------------------------------
164,514,437.18 118,231,390.13 3,801,798.82
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 139,538.78 3,456,297.16 0.00 0.00 19,041,932.62
A-3 104,978.50 104,978.50 0.00 0.00 16,821,000.00
A-4 151,485.83 151,485.83 0.00 0.00 23,490,000.00
A-5 46,032.60 46,032.60 0.00 0.00 7,138,000.00
A-6 6,448.95 6,448.95 0.00 0.00 1,000,000.00
A-7 44,245.98 518,068.61 0.00 0.00 5,123,276.09
A-8 177,346.12 177,346.12 0.00 0.00 27,500,000.00
A-9 0.00 1,377.38 0.00 0.00 92,381.71
A-10-1 59,684.45 59,684.45 0.00 0.00 0.00
A-10-2 12,303.08 12,303.08 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 34,089.85 37,744.61 0.00 0.00 5,282,453.09
M-2 26,223.30 29,034.69 0.00 0.00 4,063,478.65
M-3 16,782.55 18,581.80 0.00 0.00 2,600,570.99
B-1 6,818.35 7,549.34 0.00 0.00 1,056,549.91
B-2 2,621.76 2,902.84 0.00 0.00 406,258.96
B-3 5,251.07 5,814.03 0.00 0.00 813,689.29
- -------------------------------------------------------------------------------
833,851.17 4,635,649.99 0.00 0.00 114,429,591.31
===============================================================================
Run: 11/02/98 12:07:56
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-2 841.216411 124.788682 5.249964 130.038646 0.000000 716.427729
A-3 1000.000000 0.000000 6.240919 6.240919 0.000000 1000.000000
A-4 1000.000000 0.000000 6.448950 6.448950 0.000000 1000.000000
A-5 1000.000000 0.000000 6.448949 6.448949 0.000000 1000.000000
A-6 1000.000000 0.000000 6.448950 6.448950 0.000000 1000.000000
A-7 364.062620 30.819736 2.877975 33.697711 0.000000 333.242884
A-8 1000.000000 0.000000 6.448950 6.448950 0.000000 1000.000000
A-9 873.384070 12.830561 0.000000 12.830561 0.000000 860.553509
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-1 988.667374 0.683554 6.375867 7.059421 0.000000 987.983820
M-2 988.667373 0.683554 6.375866 7.059420 0.000000 987.983819
M-3 988.667366 0.683554 6.375864 7.059418 0.000000 987.983812
B-1 988.667384 0.683552 6.375865 7.059417 0.000000 987.983832
B-2 988.667412 0.683560 6.375875 7.059435 0.000000 987.983852
B-3 988.667324 0.683548 6.375864 7.059412 0.000000 987.983771
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:07:57 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 24,107.62
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 42,374.74
MASTER SERVICER ADVANCES THIS MONTH 5,103.41
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,942,238.44
(B) TWO MONTHLY PAYMENTS: 4 187,431.68
(C) THREE OR MORE MONTHLY PAYMENTS: 4 540,142.10
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,758,350.49
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 114,429,591.31
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,117
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 635,100.78
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,720,043.05
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.95232210 % 10.11935700 % 1.92832140 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.56047930 % 10.44004666 % 1.99103880 %
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 8.80398488
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.29
POOL TRADING FACTOR: 69.55595708
................................................................................
Run: 11/02/98 12:08:03 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 27,488,627.53 7.250000 % 3,776,038.20
A-3 76110FHM8 22,398,546.00 22,398,546.00 7.250000 % 0.00
A-4 76110FHN6 24,498,244.00 13,049,937.88 10.000000 % 839,119.60
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 155,284.33 146,003.53 0.000000 % 886.88
A-9-1 0.00 0.00 0.802414 % 0.00
A-9-2 0.00 0.00 0.507828 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,102,098.11 7.750000 % 4,900.22
M-2 76110FHW6 4,975,300.00 4,916,799.13 7.750000 % 3,392.43
M-3 76110FHX4 3,316,900.00 3,277,899.04 7.750000 % 2,261.64
B-1 1,216,200.00 1,201,899.61 7.750000 % 829.27
B-2 552,900.00 546,398.87 7.750000 % 377.00
B-3 995,114.30 983,413.51 7.750000 % 678.53
- -------------------------------------------------------------------------------
221,126,398.63 157,936,823.21 4,628,483.77
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 166,033.51 3,942,071.71 0.00 0.00 23,712,589.33
A-3 135,289.01 135,289.01 0.00 0.00 22,398,546.00
A-4 108,720.92 947,840.52 0.00 0.00 12,210,818.28
A-5 110,440.37 110,440.37 0.00 0.00 17,675,100.00
A-6 46,165.60 46,165.60 0.00 0.00 7,150,100.00
A-7 335,745.14 335,745.14 0.00 0.00 52,000,000.00
A-8 0.00 886.88 0.00 0.00 145,116.65
A-9-1 81,747.96 81,747.96 0.00 0.00 0.00
A-9-2 15,083.48 15,083.48 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,855.67 50,755.89 0.00 0.00 7,097,197.89
M-2 31,745.99 35,138.42 0.00 0.00 4,913,406.70
M-3 21,164.20 23,425.84 0.00 0.00 3,275,637.40
B-1 7,760.23 8,589.50 0.00 0.00 1,201,070.34
B-2 3,527.90 3,904.90 0.00 0.00 546,021.87
B-3 6,349.54 7,028.07 0.00 0.00 982,734.98
- -------------------------------------------------------------------------------
1,115,629.52 5,744,113.29 0.00 0.00 153,308,339.44
===============================================================================
Run: 11/02/98 12:08:03
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-2 768.375333 105.549635 4.641048 110.190683 0.000000 662.825698
A-3 1000.000000 0.000000 6.040080 6.040080 0.000000 1000.000000
A-4 532.688705 34.252235 4.437907 38.690142 0.000000 498.436471
A-5 1000.000000 0.000000 6.248359 6.248359 0.000000 1000.000000
A-6 1000.000000 0.000000 6.456637 6.456637 0.000000 1000.000000
A-7 1000.000000 0.000000 6.456637 6.456637 0.000000 1000.000000
A-8 940.233506 5.711330 0.000000 5.711330 0.000000 934.522176
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 988.241743 0.681855 6.380718 7.062573 0.000000 987.559888
M-2 988.241740 0.681854 6.380719 7.062573 0.000000 987.559886
M-3 988.241744 0.681854 6.380717 7.062571 0.000000 987.559890
B-1 988.241745 0.681853 6.380719 7.062572 0.000000 987.559892
B-2 988.241762 0.681859 6.380720 7.062579 0.000000 987.559902
B-3 988.241763 0.681851 6.380714 7.062565 0.000000 987.559901
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:08:03 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 32,536.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,112.01
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 3,628,257.99
(B) TWO MONTHLY PAYMENTS: 4 493,785.93
(C) THREE OR MORE MONTHLY PAYMENTS: 1 71,491.62
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 451,593.37
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 153,308,339.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,511
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 4,519,492.53
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.57442510 % 9.69435100 % 1.73122370 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.23734000 % 9.97091355 % 1.78229940 %
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 8.80886862
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.81
POOL TRADING FACTOR: 69.33063641
................................................................................
Run: 11/02/98 12:08:05 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 6,583,401.43 7.250000 % 3,297,427.65
A-3 76110FJB0 29,956,909.00 15,888,184.60 10.000000 % 1,236,535.36
A-4 76110FJC8 24,000,000.00 24,000,000.00 7.250000 % 0.00
A-5 76110FJD6 11,785,091.00 11,785,091.00 7.250000 % 0.00
A-6 76110FJE4 18,143,000.00 18,143,000.00 8.000000 % 0.00
A-7 76110FJF1 4,767,000.00 4,767,000.00 8.000000 % 0.00
A-8 76110FJG9 0.00 0.00 0.750000 % 0.00
A-9 76110FJH7 42,917,000.00 42,917,000.00 7.250000 % 0.00
A-10 76110FJJ3 340,158.57 279,355.86 0.000000 % 13,889.79
A-11-1 0.00 0.00 0.711824 % 0.00
A-11-2 0.00 0.00 0.375794 % 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 6,651,598.15 8.000000 % 4,329.47
M-2 76110FJP9 4,330,000.00 4,279,557.22 8.000000 % 2,785.53
M-3 76110FJQ7 2,886,000.00 2,852,379.25 8.000000 % 1,856.59
B-1 1,058,000.00 1,045,674.71 8.000000 % 680.62
B-2 481,000.00 475,396.53 8.000000 % 309.43
B-3 866,066.26 855,976.96 8.000000 % 557.17
- -------------------------------------------------------------------------------
192,360,424.83 140,523,615.71 4,558,371.61
===============================================================================
_______________________________________________________________________________
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 39,764.04 3,337,191.69 0.00 0.00 3,285,973.78
A-3 132,365.99 1,368,901.35 0.00 0.00 14,651,649.24
A-4 144,961.07 144,961.07 0.00 0.00 24,000,000.00
A-5 71,182.47 71,182.47 0.00 0.00 11,785,091.00
A-6 120,920.86 120,920.86 0.00 0.00 18,143,000.00
A-7 31,771.47 31,771.47 0.00 0.00 4,767,000.00
A-8 26,815.93 26,815.93 0.00 0.00 0.00
A-9 259,220.60 259,220.60 0.00 0.00 42,917,000.00
A-10 0.00 13,889.79 0.00 0.00 265,466.07
A-11-1 61,947.40 61,947.40 0.00 0.00 0.00
A-11-2 11,290.85 11,290.85 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 44,332.08 48,661.55 0.00 0.00 6,647,268.68
M-2 28,522.72 31,308.25 0.00 0.00 4,276,771.69
M-3 19,010.75 20,867.34 0.00 0.00 2,850,522.66
B-1 6,969.29 7,649.91 0.00 0.00 1,044,994.09
B-2 3,168.46 3,477.89 0.00 0.00 475,087.10
B-3 5,704.98 6,262.15 0.00 0.00 855,419.79
- -------------------------------------------------------------------------------
1,007,948.96 5,566,320.57 0.00 0.00 135,965,244.10
===============================================================================
Run: 11/02/98 12:08:05
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-2 609.574206 305.317375 3.681856 308.999231 0.000000 304.256832
A-3 530.367956 41.277135 4.418546 45.695681 0.000000 489.090822
A-4 1000.000000 0.000000 6.040045 6.040045 0.000000 1000.000000
A-5 1000.000000 0.000000 6.040044 6.040044 0.000000 1000.000000
A-6 1000.000000 0.000000 6.664877 6.664877 0.000000 1000.000000
A-7 1000.000000 0.000000 6.664877 6.664877 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 6.040045 6.040045 0.000000 1000.000000
A-10 821.251865 40.833280 0.000000 40.833280 0.000000 780.418585
A-11-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 988.350394 0.643309 6.587233 7.230542 0.000000 987.707085
M-2 988.350397 0.643309 6.587233 7.230542 0.000000 987.707088
M-3 988.350398 0.643309 6.587231 7.230540 0.000000 987.707089
B-1 988.350388 0.643308 6.587231 7.230539 0.000000 987.707079
B-2 988.350374 0.643306 6.587235 7.230541 0.000000 987.707069
B-3 988.350429 0.643311 6.587233 7.230544 0.000000 987.707099
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:08:05 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 28,851.69
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 42,913.09
MASTER SERVICER ADVANCES THIS MONTH 382.63
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 3,319,389.30
(B) TWO MONTHLY PAYMENTS: 5 731,643.97
(C) THREE OR MORE MONTHLY PAYMENTS: 3 398,354.64
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 967,248.23
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 135,965,244.10
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,353
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 44,638.01
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,466,837.19
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.47683120 % 9.82823400 % 1.69493440 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.09868060 % 10.13094421 % 1.75055630 %
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 8.93848919
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.85
POOL TRADING FACTOR: 70.68254513
................................................................................
Run: 11/02/98 12:08:07 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 21,228,263.41 7.500000 % 1,213,168.18
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 20,292,054.60 7.500000 % 70,743.29
A-6 76110FJW4 164,986.80 131,932.74 0.000000 % 505.14
A-7-1 0.00 0.00 0.854588 % 0.00
A-7-2 0.00 0.00 0.325260 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,531,522.66 7.500000 % 8,825.54
M-2 76110FKA0 1,061,700.00 1,012,551.85 7.500000 % 3,530.01
M-3 76110FKB8 690,100.00 658,153.92 7.500000 % 2,294.49
B-1 371,600.00 354,397.91 7.500000 % 1,235.52
B-2 159,300.00 151,925.68 7.500000 % 529.65
B-3 372,446.48 355,205.23 7.500000 % 1,238.34
- -------------------------------------------------------------------------------
106,172,633.28 83,191,008.00 1,302,070.16
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 132,568.93 1,345,737.11 0.00 0.00 20,015,095.23
A-2 97,939.17 97,939.17 0.00 0.00 15,683,000.00
A-3 117,067.38 117,067.38 0.00 0.00 18,746,000.00
A-4 12,777.12 12,777.12 0.00 0.00 2,046,000.00
A-5 126,722.37 197,465.66 0.00 0.00 20,221,311.31
A-6 0.00 505.14 0.00 0.00 131,427.60
A-7-1 46,356.55 46,356.55 0.00 0.00 0.00
A-7-2 4,887.10 4,887.10 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,809.17 24,634.71 0.00 0.00 2,522,697.12
M-2 6,323.31 9,853.32 0.00 0.00 1,009,021.84
M-3 4,110.12 6,404.61 0.00 0.00 655,859.43
B-1 2,213.19 3,448.71 0.00 0.00 353,162.39
B-2 948.77 1,478.42 0.00 0.00 151,396.03
B-3 2,218.23 3,456.57 0.00 0.00 353,966.89
- -------------------------------------------------------------------------------
569,941.41 1,872,011.57 0.00 0.00 81,888,937.84
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 494.301295 28.248689 3.086875 31.335564 0.000000 466.052606
A-2 1000.000000 0.000000 6.244926 6.244926 0.000000 1000.000000
A-3 1000.000000 0.000000 6.244926 6.244926 0.000000 1000.000000
A-4 1000.000000 0.000000 6.244927 6.244927 0.000000 1000.000000
A-5 953.708446 3.324871 5.955838 9.280709 0.000000 950.383574
A-6 799.656336 3.061699 0.000000 3.061699 0.000000 796.594637
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-1 953.708055 3.324872 5.955836 9.280708 0.000000 950.383183
M-2 953.708063 3.324866 5.955835 9.280701 0.000000 950.383197
M-3 953.708042 3.324866 5.955832 9.280698 0.000000 950.383176
B-1 953.708046 3.324865 5.955840 9.280705 0.000000 950.383181
B-2 953.707972 3.324859 5.955869 9.280728 0.000000 950.383114
B-3 953.708114 3.324880 5.955836 9.280716 0.000000 950.383234
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:08:07 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4249
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 17,251.75
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,404.10
SUBSERVICER ADVANCES THIS MONTH 8,030.14
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 11 513,005.11
(B) TWO MONTHLY PAYMENTS: 2 115,711.26
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 162,014.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 81,888,937.84
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,103
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 1,012,003.90
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.90342690 % 5.05932500 % 1.03724830 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.82796310 % 5.11372903 % 1.05008740 %
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 8.55893996
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 156.56
POOL TRADING FACTOR: 77.12810289
................................................................................
Run: 11/02/98 12:08:16 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 43,787,556.55 7.500000 % 2,230,545.70
A-2 76110FKD4 20,984,000.00 16,931,556.55 7.500000 % 2,230,545.70
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 15,817,016.12 9.500000 % 637,298.77
A-8 76110FKP7 156,262.27 116,879.07 0.000000 % 3,270.49
A-9-1 0.00 0.00 0.840869 % 0.00
A-9-2 0.00 0.00 0.533544 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,620,186.38 7.750000 % 4,874.18
M-2 76110FKM4 3,827,000.00 3,783,104.86 7.750000 % 2,785.35
M-3 76110FKN2 2,870,200.00 2,837,279.24 7.750000 % 2,088.98
B-1 1,052,400.00 1,040,329.14 7.750000 % 765.95
B-2 478,400.00 472,912.81 7.750000 % 348.19
B-3 861,188.35 851,310.63 7.750000 % 626.79
- -------------------------------------------------------------------------------
191,342,550.62 142,258,131.35 5,113,150.10
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 272,136.42 2,502,682.12 0.00 0.00 41,557,010.86
A-2 105,228.37 2,335,774.07 0.00 0.00 14,701,010.86
A-3 68,364.18 68,364.18 0.00 0.00 11,000,000.00
A-4 24,859.70 24,859.70 0.00 0.00 4,000,000.00
A-5 112,386.57 112,386.57 0.00 0.00 17,500,000.00
A-6 105,135.83 105,135.83 0.00 0.00 17,500,000.00
A-7 124,515.33 761,814.10 0.00 0.00 15,179,717.35
A-8 0.00 3,270.49 0.00 0.00 113,608.58
A-9-1 76,130.13 76,130.13 0.00 0.00 0.00
A-9-2 14,585.17 14,585.17 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,515.43 47,389.61 0.00 0.00 6,615,312.20
M-2 24,295.44 27,080.79 0.00 0.00 3,780,319.51
M-3 18,221.27 20,310.25 0.00 0.00 2,835,190.26
B-1 6,681.09 7,447.04 0.00 0.00 1,039,563.19
B-2 3,037.09 3,385.28 0.00 0.00 472,564.62
B-3 5,467.20 6,093.99 0.00 0.00 850,683.84
- -------------------------------------------------------------------------------
1,003,559.22 6,116,709.32 0.00 0.00 137,144,981.27
===============================================================================
Run: 11/02/98 12:08:16
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-1 530.816168 27.039867 3.298983 30.338850 0.000000 503.776301
A-2 806.879363 106.297450 5.014695 111.312145 0.000000 700.581913
A-3 1000.000000 0.000000 6.214925 6.214925 0.000000 1000.000000
A-4 1000.000000 0.000000 6.214925 6.214925 0.000000 1000.000000
A-5 1000.000000 0.000000 6.422090 6.422090 0.000000 1000.000000
A-6 1000.000000 0.000000 6.007762 6.007762 0.000000 1000.000000
A-7 721.414646 29.067219 5.679148 34.746367 0.000000 692.347428
A-8 747.967312 20.929492 0.000000 20.929492 0.000000 727.037819
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 988.530145 0.727815 6.348429 7.076244 0.000000 987.802329
M-2 988.530144 0.727816 6.348430 7.076246 0.000000 987.802328
M-3 988.530151 0.727817 6.348432 7.076249 0.000000 987.802334
B-1 988.530160 0.727813 6.348432 7.076245 0.000000 987.802347
B-2 988.530121 0.727822 6.348432 7.076254 0.000000 987.802299
B-3 988.530128 0.727820 6.348437 7.076257 0.000000 987.802308
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:08:17 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 29,068.85
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,821.39
MASTER SERVICER ADVANCES THIS MONTH 673.16
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 2,755,885.87
(B) TWO MONTHLY PAYMENTS: 2 448,457.86
(C) THREE OR MORE MONTHLY PAYMENTS: 1 73,102.68
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 1,274,258.64
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 137,144,981.26
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,330
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 90,485.20
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,008,404.79
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.02139750 % 9.31507900 % 1.66352310 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.62039160 % 9.64732493 % 1.72428520 %
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 8.84226914
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.37
POOL TRADING FACTOR: 71.67510876
................................................................................
Run: 11/02/98 12:08:18 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 1,096,179.58 7.000000 % 1,096,179.58
A-3 76110FKW2 16,320,750.00 9,636,012.63 10.000000 % 495,346.39
A-4 76110FKX0 19,700,543.00 19,430,676.62 7.000000 % 1,380,552.43
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 17,318,692.39 7.500000 % 643,148.88
A-9 76110FLC5 5,000,001.00 5,000,001.00 7.375000 % 0.00
A-10 76110FLD3 54,507,000.00 54,507,000.00 7.500000 % 0.00
A-11 76110FLE1 26,409.16 25,168.25 0.000000 % 629.87
A-12-1 0.00 0.00 0.951517 % 0.00
A-12-2 0.00 0.00 0.657126 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,551,743.38 7.500000 % 5,139.71
M-2 76110FLJ0 4,361,000.00 4,315,706.04 7.500000 % 2,937.27
M-3 76110FLK7 3,270,500.00 3,236,532.13 7.500000 % 2,202.78
B-1 1,199,000.00 1,186,547.01 7.500000 % 807.56
B-2 545,000.00 539,339.57 7.500000 % 367.07
B-3 981,461.72 832,177.68 7.500000 % 566.39
- -------------------------------------------------------------------------------
218,029,470.88 168,914,546.28 3,627,877.93
===============================================================================
_______________________________________________________________________________
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 6,392.41 1,102,571.99 0.00 0.00 0.00
A-3 80,275.37 575,621.76 0.00 0.00 9,140,666.24
A-4 113,310.69 1,493,863.12 0.00 0.00 18,050,124.19
A-5 127,583.07 127,583.07 0.00 0.00 21,419,142.00
A-6 38,191.62 38,191.62 0.00 0.00 6,323,320.00
A-7 99,634.48 99,634.48 0.00 0.00 16,496,308.00
A-8 108,208.48 751,357.36 0.00 0.00 16,675,543.51
A-9 30,719.70 30,719.70 0.00 0.00 5,000,001.00
A-10 340,563.79 340,563.79 0.00 0.00 54,507,000.00
A-11 0.00 629.87 0.00 0.00 24,538.38
A-12-1 99,126.89 99,126.89 0.00 0.00 0.00
A-12-2 24,012.09 24,012.09 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 47,183.86 52,323.57 0.00 0.00 7,546,603.67
M-2 26,964.85 29,902.12 0.00 0.00 4,312,768.77
M-3 20,222.10 22,424.88 0.00 0.00 3,234,329.35
B-1 7,413.64 8,221.20 0.00 0.00 1,185,739.45
B-2 3,369.83 3,736.90 0.00 0.00 538,972.50
B-3 5,199.51 5,765.90 0.00 0.00 831,611.29
- -------------------------------------------------------------------------------
1,178,372.38 4,806,250.31 0.00 0.00 165,286,668.35
===============================================================================
Run: 11/02/98 12:08:18
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 52.574560 52.574560 0.306590 52.881150 0.000000 0.000000
A-3 590.414817 30.350713 4.918608 35.269321 0.000000 560.064105
A-4 986.301577 70.076872 5.751653 75.828525 0.000000 916.224705
A-5 1000.000000 0.000000 5.956498 5.956498 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039805 6.039805 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039805 6.039805 0.000000 1000.000000
A-8 666.153874 24.738364 4.162179 28.900543 0.000000 641.415510
A-9 1000.000000 0.000000 6.143939 6.143939 0.000000 1000.000000
A-10 1000.000000 0.000000 6.248074 6.248074 0.000000 1000.000000
A-11 953.012137 23.850437 0.000000 23.850437 0.000000 929.161700
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-1 989.613862 0.673530 6.183182 6.856712 0.000000 988.940332
M-2 989.613859 0.673531 6.183180 6.856711 0.000000 988.940328
M-3 989.613860 0.673530 6.183183 6.856713 0.000000 988.940330
B-1 989.613853 0.673528 6.183186 6.856714 0.000000 988.940325
B-2 989.613890 0.673523 6.183174 6.856697 0.000000 988.940367
B-3 847.896217 0.577078 5.297721 5.874799 0.000000 847.319128
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:08:19 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 34,860.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,767.96
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,728,251.26
(B) TWO MONTHLY PAYMENTS: 2 643,152.18
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 259,896.36
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 165,286,668.35
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,537
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 3,512,905.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.54224000 % 8.94312100 % 1.51463890 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.31998210 % 9.13183256 % 1.54682940 %
BANKRUPTCY AMOUNT AVAILABLE 220,247.00
FRAUD AMOUNT AVAILABLE **,***,***.**
SPECIAL HAZARD AMOUNT AVAILABLE **,***,***.**
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.70219677
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 339.97
POOL TRADING FACTOR: 75.80932416
................................................................................
Run: 11/02/98 12:08:28 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 10,213,969.13 6.750000 % 3,633,320.78
A-2 76110FLM3 17,420,000.00 17,420,000.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 15,055,896.21 10.000000 % 660,603.76
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 1.041824 % 0.00
A-9-2 0.00 0.00 0.764701 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,065,353.43 7.250000 % 5,546.26
M-2 76110FLX9 5,420,000.00 5,376,902.27 7.250000 % 3,697.51
M-3 76110FLY2 4,065,000.00 4,032,676.70 7.250000 % 2,773.13
B-1 1,490,500.00 1,478,648.10 7.250000 % 1,016.81
B-2 677,500.00 672,112.78 7.250000 % 462.19
B-3 1,219,925.82 1,210,225.46 7.250000 % 832.24
- -------------------------------------------------------------------------------
271,005,025.82 219,386,246.08 4,308,252.68
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 57,438.17 3,690,758.95 0.00 0.00 6,580,648.35
A-2 97,961.21 97,961.21 0.00 0.00 17,420,000.00
A-3 125,432.14 786,035.90 0.00 0.00 14,395,292.45
A-4 213,748.89 213,748.89 0.00 0.00 38,010,000.00
A-5 96,518.57 96,518.57 0.00 0.00 17,163,462.00
A-6 181,062.45 181,062.45 0.00 0.00 29,977,000.00
A-7 97,033.34 97,033.34 0.00 0.00 16,065,000.00
A-8 330,058.30 330,058.30 0.00 0.00 54,645,000.00
A-9-1 154,665.27 154,665.27 0.00 0.00 0.00
A-9-2 26,241.41 26,241.41 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,715.11 54,261.37 0.00 0.00 8,059,807.17
M-2 32,476.73 36,174.24 0.00 0.00 5,373,204.76
M-3 24,357.55 27,130.68 0.00 0.00 4,029,903.57
B-1 8,931.10 9,947.91 0.00 0.00 1,477,631.29
B-2 4,059.59 4,521.78 0.00 0.00 671,650.59
B-3 7,309.82 8,142.06 0.00 0.00 1,209,393.22
- -------------------------------------------------------------------------------
1,506,009.65 5,814,262.33 0.00 0.00 215,077,993.40
===============================================================================
Run: 11/02/98 12:08:28
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-1 190.027333 67.596666 1.068617 68.665283 0.000000 122.430667
A-2 1000.000000 0.000000 5.623491 5.623491 0.000000 1000.000000
A-3 655.415245 28.757489 5.460328 34.217817 0.000000 626.657756
A-4 1000.000000 0.000000 5.623491 5.623491 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623491 5.623491 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040046 6.040046 0.000000 1000.000000
A-7 1000.000000 0.000000 6.040046 6.040046 0.000000 1000.000000
A-8 1000.000000 0.000000 6.040046 6.040046 0.000000 1000.000000
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.048392 0.682197 5.992018 6.674215 0.000000 991.366196
M-2 992.048389 0.682197 5.992017 6.674214 0.000000 991.366192
M-3 992.048389 0.682197 5.992017 6.674214 0.000000 991.366192
B-1 992.048373 0.682194 5.992016 6.674210 0.000000 991.366179
B-2 992.048384 0.682199 5.992015 6.674214 0.000000 991.366185
B-3 992.048402 0.682197 5.992020 6.674217 0.000000 991.366198
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:08:29 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 49,185.38
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,275.80
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 3,963,718.42
(B) TWO MONTHLY PAYMENTS: 4 603,266.42
(C) THREE OR MORE MONTHLY PAYMENTS: 4 296,651.28
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 280,432.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 215,077,993.40
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,102
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 4,157,388.37
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.50263220 % 7.96537300 % 1.53199500 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.31905110 % 8.11934091 % 1.56160800 %
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 8.59238132
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.20
POOL TRADING FACTOR: 79.36310139
................................................................................
Run: 11/02/98 12:08:30 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 199,969,492.00 149,241,936.14 7.250000 % 9,809,383.46
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 64,350,746.09 7.250000 % 72,532.06
A-5 7611OFMS9 76,250.57 75,531.24 0.000000 % 67.66
A-6-1 0.00 0.00 1.011345 % 0.00
A-6-2 0.00 0.00 0.717195 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,509,612.74 7.250000 % 11,845.77
M-2 7611OFMW0 6,524,000.00 6,467,149.00 7.250000 % 7,289.36
M-3 7611OFMX8 4,893,000.00 4,850,361.73 7.250000 % 5,467.02
B-1 7611OFMY6 1,794,000.00 1,778,366.83 7.250000 % 2,004.46
B-2 7611OFMZ3 816,000.00 808,889.26 7.250000 % 911.73
B-3 7611OFNA7 1,468,094.11 1,455,300.96 7.250000 % 1,640.32
- -------------------------------------------------------------------------------
326,202,444.68 274,680,893.99 9,911,141.84
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 897,462.89 10,706,846.35 0.00 0.00 139,432,552.68
A-2 60,134.77 60,134.77 0.00 0.00 10,000,000.00
A-3 151,196.85 151,196.85 0.00 0.00 25,143,000.00
A-4 386,971.71 459,503.77 0.00 0.00 64,278,214.03
A-5 0.00 67.66 0.00 0.00 75,463.58
A-6-1 174,942.72 174,942.72 0.00 0.00 0.00
A-6-2 39,339.87 39,339.87 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,199.31 75,045.08 0.00 0.00 10,497,766.97
M-2 38,890.05 46,179.41 0.00 0.00 6,459,859.64
M-3 29,167.54 34,634.56 0.00 0.00 4,844,894.71
B-1 10,694.17 12,698.63 0.00 0.00 1,776,362.37
B-2 4,864.24 5,775.97 0.00 0.00 807,977.53
B-3 8,751.42 10,391.74 0.00 0.00 1,453,660.64
- -------------------------------------------------------------------------------
1,865,615.54 11,776,757.38 0.00 0.00 264,769,752.15
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 746.323525 49.054400 4.487999 53.542399 0.000000 697.269125
A-2 1000.000000 0.000000 6.013477 6.013477 0.000000 1000.000000
A-3 1000.000000 0.000000 6.013477 6.013477 0.000000 1000.000000
A-4 991.284776 1.117313 5.961068 7.078381 0.000000 990.167463
A-5 990.566234 0.887338 0.000000 0.887338 0.000000 989.678897
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-1 991.285865 1.117315 5.961074 7.078389 0.000000 990.168550
M-2 991.285868 1.117315 5.961074 7.078389 0.000000 990.168553
M-3 991.285863 1.117315 5.961075 7.078390 0.000000 990.168549
B-1 991.285858 1.117313 5.961076 7.078389 0.000000 990.168545
B-2 991.285858 1.117316 5.961078 7.078394 0.000000 990.168542
B-3 991.285879 1.117313 5.961076 7.078389 0.000000 990.168566
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:08:31 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 56,224.15
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 60,709.31
MASTER SERVICER ADVANCES THIS MONTH 1,576.77
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 5,587,531.50
(B) TWO MONTHLY PAYMENTS: 9 984,359.04
(C) THREE OR MORE MONTHLY PAYMENTS: 3 573,323.40
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 801,245.61
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 264,769,752.15
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,429
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 208,739.84
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 9,601,559.27
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 124,558.32
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.57932440 % 7.94854200 % 1.47213330 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.23759750 % 8.23452118 % 1.52553370 %
BANKRUPTCY AMOUNT AVAILABLE 206,726.00
FRAUD AMOUNT AVAILABLE 9,786,073.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,262,024.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.51783365
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.61
POOL TRADING FACTOR: 81.16731081
................................................................................
Run: 11/02/98 12:08:33 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 82,672,673.65 7.000000 % 1,881,260.99
A-2 7611OFMD2 43,142.76 38,376.38 0.000000 % 238.28
A-3-1 0.00 0.00 1.074767 % 0.00
A-3-2 0.00 0.00 0.652011 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,937,232.38 7.000000 % 9,942.52
M-2 7611OFMH3 892,000.00 860,996.14 7.000000 % 2,914.47
M-3 7611OFMJ9 419,700.00 405,112.21 7.000000 % 1,371.30
B-1 7611OFMK6 367,000.00 354,243.94 7.000000 % 1,199.11
B-2 7611OFML4 262,400.00 253,279.57 7.000000 % 857.35
B-3 7611OFMM2 263,388.53 254,233.72 7.000000 % 860.60
- -------------------------------------------------------------------------------
104,940,731.29 87,776,147.99 1,898,644.62
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 481,027.96 2,362,288.95 0.00 0.00 80,791,412.66
A-2 0.00 238.28 0.00 0.00 38,138.10
A-3-1 62,442.17 62,442.17 0.00 0.00 0.00
A-3-2 9,690.19 9,690.19 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,090.18 27,032.70 0.00 0.00 2,927,289.86
M-2 5,009.68 7,924.15 0.00 0.00 858,081.67
M-3 2,357.13 3,728.43 0.00 0.00 403,740.91
B-1 2,061.15 3,260.26 0.00 0.00 353,044.83
B-2 1,473.69 2,331.04 0.00 0.00 252,422.22
B-3 1,479.25 2,339.85 0.00 0.00 253,373.12
- -------------------------------------------------------------------------------
582,631.40 2,481,276.02 0.00 0.00 85,877,503.37
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 829.630443 18.878685 4.827175 23.705860 0.000000 810.751758
A-2 889.520745 5.523059 0.000000 5.523059 0.000000 883.997686
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-1 965.242320 3.267341 5.616227 8.883568 0.000000 961.974979
M-2 965.242309 3.267343 5.616233 8.883576 0.000000 961.974966
M-3 965.242340 3.267334 5.616226 8.883560 0.000000 961.975006
B-1 965.242343 3.267330 5.616213 8.883543 0.000000 961.975014
B-2 965.242264 3.267340 5.616197 8.883537 0.000000 961.974924
B-3 965.242184 3.267340 5.616228 8.883568 0.000000 961.974768
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:08:33 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS11 (POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4265
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 18,150.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,412.88
SUBSERVICER ADVANCES THIS MONTH 19,122.55
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 16 1,550,307.11
(B) TWO MONTHLY PAYMENTS: 2 307,640.77
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 61,783.99
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 85,877,503.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 991
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 1,601,440.57
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.22700410 % 4.79080000 % 0.98219640 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.11930340 % 4.87800911 % 1.00052020 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,098,815.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,961,157.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.31662446
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 161.36
POOL TRADING FACTOR: 81.83429095
................................................................................
Run: 11/02/98 12:08:44 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 24,383,006.82 7.000000 % 6,066,417.77
A-2 76110FNC3 22,405,757.00 17,664,043.68 9.000000 % 866,631.11
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 58,936,188.30 7.250000 % 49,196.02
A-8-1 0.00 0.00 0.930068 % 0.00
A-8-2 0.00 0.00 0.754352 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,366,302.32 7.250000 % 8,653.10
M-2 76110FNL3 4,471,600.00 4,442,757.77 7.250000 % 3,708.52
M-3 76110FNM1 4,471,500.00 4,442,658.41 7.250000 % 3,708.44
B-1 76110FNN9 1,639,600.00 1,629,024.43 7.250000 % 1,359.80
B-2 76110FNP4 745,200.00 740,393.38 7.250000 % 618.03
B-3 76110FNQ2 1,341,561.05 1,332,907.88 7.250000 % 1,112.62
- -------------------------------------------------------------------------------
298,104,002.05 259,638,566.99 7,001,405.41
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 142,150.66 6,208,568.43 0.00 0.00 18,316,589.05
A-2 132,402.51 999,033.62 0.00 0.00 16,797,412.57
A-3 366,258.79 366,258.79 0.00 0.00 62,824,125.00
A-4 139,103.29 139,103.29 0.00 0.00 24,294,118.00
A-5 156,991.06 156,991.06 0.00 0.00 26,000,000.00
A-6 136,359.06 136,359.06 0.00 0.00 22,583,041.00
A-7 355,863.64 405,059.66 0.00 0.00 58,886,992.28
A-8-1 156,564.39 156,564.39 0.00 0.00 0.00
A-8-2 36,134.83 36,134.83 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,592.95 71,246.05 0.00 0.00 10,357,649.22
M-2 26,825.89 30,534.41 0.00 0.00 4,439,049.25
M-3 26,825.29 30,533.73 0.00 0.00 4,438,949.97
B-1 9,836.24 11,196.04 0.00 0.00 1,627,664.63
B-2 4,470.58 5,088.61 0.00 0.00 739,775.35
B-3 8,048.26 9,160.88 0.00 0.00 1,331,795.26
- -------------------------------------------------------------------------------
1,760,427.44 8,761,832.85 0.00 0.00 252,637,161.58
===============================================================================
Run: 11/02/98 12:08:44
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-1 423.499901 105.365484 2.468965 107.834449 0.000000 318.134417
A-2 788.370760 38.678948 5.909308 44.588256 0.000000 749.691812
A-3 1000.000000 0.000000 5.829907 5.829907 0.000000 1000.000000
A-4 1000.000000 0.000000 5.725801 5.725801 0.000000 1000.000000
A-5 1000.000000 0.000000 6.038118 6.038118 0.000000 1000.000000
A-6 1000.000000 0.000000 6.038118 6.038118 0.000000 1000.000000
A-7 993.549908 0.829350 5.999171 6.828521 0.000000 992.720559
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-1 993.549908 0.829349 5.999171 6.828520 0.000000 992.720559
M-2 993.549908 0.829350 5.999170 6.828520 0.000000 992.720559
M-3 993.549907 0.829350 5.999170 6.828520 0.000000 992.720557
B-1 993.549909 0.829349 5.999171 6.828520 0.000000 992.720560
B-2 993.549893 0.829348 5.999168 6.828516 0.000000 992.720545
B-3 993.549925 0.829347 5.999175 6.828522 0.000000 992.720577
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:08:45 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 53,552.96
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 55,021.42
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 4,894,163.27
(B) TWO MONTHLY PAYMENTS: 9 1,386,672.73
(C) THREE OR MORE MONTHLY PAYMENTS: 1 103,521.32
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 890,448.58
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 252,637,161.58
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,337
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 6,784,676.34
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 40,193.82
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.15923170 % 7.41481500 % 1.42595370 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.92180920 % 7.61394259 % 1.46424830 %
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 8.47134648
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.63
POOL TRADING FACTOR: 84.74799394
................................................................................
Run: 11/02/98 12:08:53 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 26,285,724.02 7.250000 % 892,460.75
A-2 76110FNT6 30,750,000.00 17,090,880.13 7.250000 % 2,338,304.82
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 62,632,874.47 7.250000 % 43,342.80
A-8 76110FNZ2 15,495,000.00 1,619,963.37 7.250000 % 1,619,963.37
A-9 76110FPA5 68,339,000.00 68,339,000.00 7.000000 % 755,304.24
A-10 76110fPB3 0.00 0.00 7.250000 % 0.00
A-11 76110FPC1 100,038,312.00 87,415,614.94 0.000000 % 2,154,420.87
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 4.875000 % 0.00
A-14 76110FPF4 0.00 0.00 9.625000 % 0.00
A-15 76110FPG2 26,249,000.00 21,904,630.93 7.000000 % 743,712.57
A-16 76110FPH0 2,386,273.00 1,991,330.32 10.000000 % 67,610.24
A-17 76110FPJ6 139,012.74 135,645.70 0.000000 % 130.86
A-18-1 0.00 0.00 0.912391 % 0.00
A-18-2 0.00 0.00 0.675513 % 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 16,172,462.57 7.250000 % 11,191.57
M-2 76110FPP2 5,422,000.00 5,390,489.44 7.250000 % 3,730.29
M-3 76110FPQ0 6,507,000.00 6,469,183.86 7.250000 % 4,476.76
B-1 76110FPR8 2,386,000.00 2,372,133.50 7.250000 % 1,641.55
B-2 76110FPS6 1,085,000.00 1,078,694.41 7.250000 % 746.47
B-3 76110FPT4 1,952,210.06 1,940,864.56 7.250000 % 1,343.12
- -------------------------------------------------------------------------------
433,792,422.80 383,117,907.22 8,638,380.28
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 158,754.58 1,051,215.33 0.00 0.00 25,393,263.27
A-2 103,221.64 2,441,526.46 0.00 0.00 14,752,575.31
A-3 246,408.59 246,408.59 0.00 0.00 40,799,000.00
A-4 40,736.93 40,736.93 0.00 0.00 6,745,000.00
A-5 25,580.11 25,580.11 0.00 0.00 4,235,415.00
A-6 63,409.49 63,409.49 0.00 0.00 10,499,000.00
A-7 378,275.90 421,618.70 0.00 0.00 62,589,531.67
A-8 9,783.89 1,629,747.26 0.00 0.00 0.00
A-9 398,506.11 1,153,810.35 0.00 0.00 67,583,695.76
A-10 14,232.36 14,232.36 0.00 0.00 0.00
A-11 0.00 2,154,420.87 0.00 0.00 85,261,194.07
A-12 263,976.55 263,976.55 0.00 0.00 0.00
A-13 88,750.73 88,750.73 0.00 0.00 0.00
A-14 175,225.81 175,225.81 0.00 0.00 0.00
A-15 127,732.76 871,445.33 0.00 0.00 21,160,918.36
A-16 16,588.67 84,198.91 0.00 0.00 1,923,720.08
A-17 0.00 130.86 0.00 0.00 135,514.84
A-18-1 215,392.20 215,392.20 0.00 0.00 0.00
A-18-2 56,121.58 56,121.58 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 97,674.79 108,866.36 0.00 0.00 16,161,271.00
M-2 32,556.26 36,286.55 0.00 0.00 5,386,759.15
M-3 39,071.11 43,547.87 0.00 0.00 6,464,707.10
B-1 14,326.68 15,968.23 0.00 0.00 2,370,491.95
B-2 6,514.85 7,261.32 0.00 0.00 1,077,947.94
B-3 11,722.00 13,065.12 0.00 0.00 1,939,521.44
- -------------------------------------------------------------------------------
2,584,563.59 11,222,943.87 0.00 0.00 374,479,526.94
===============================================================================
Run: 11/02/98 12:08:53
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-1 834.493921 28.332987 5.039988 33.372975 0.000000 806.160934
A-2 555.800980 76.042433 3.356801 79.399234 0.000000 479.758547
A-3 1000.000000 0.000000 6.039574 6.039574 0.000000 1000.000000
A-4 1000.000000 0.000000 6.039574 6.039574 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039576 6.039576 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039574 6.039574 0.000000 1000.000000
A-7 994.188391 0.687992 6.004475 6.692467 0.000000 993.500400
A-8 104.547491 104.547491 0.631422 105.178913 0.000000 0.000000
A-9 1000.000000 11.052316 5.831313 16.883629 0.000000 988.947684
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 873.821371 21.535958 0.000000 21.535958 0.000000 852.285413
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-15 834.493921 28.332987 4.866195 33.199182 0.000000 806.160934
A-16 834.493924 28.332987 6.951707 35.284694 0.000000 806.160937
A-17 975.778911 0.941353 0.000000 0.941353 0.000000 974.837558
A-18-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-18-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.188392 0.687992 6.004475 6.692467 0.000000 993.500400
M-2 994.188388 0.687992 6.004474 6.692466 0.000000 993.500397
M-3 994.188391 0.687991 6.004474 6.692465 0.000000 993.500400
B-1 994.188391 0.687992 6.004476 6.692468 0.000000 993.500398
B-2 994.188396 0.687991 6.004470 6.692461 0.000000 993.500406
B-3 994.188382 0.687989 6.004477 6.692466 0.000000 993.500382
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:08:54 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 78,753.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 66,124.42
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 68 7,352,467.51
(B) TWO MONTHLY PAYMENTS: 3 240,907.76
(C) THREE OR MORE MONTHLY PAYMENTS: 3 495,491.42
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 724,383.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 374,479,526.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,280
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 8,373,235.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.27274770 % 7.31943500 % 1.40781780 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.07753900 % 7.48044559 % 1.43930750 %
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 8.37870203
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 344.56
POOL TRADING FACTOR: 86.32689444
................................................................................
Run: 11/02/98 12:09:02 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 48,445,797.94 7.000000 % 3,044,484.85
A-2 76110FPV9 117,395,000.00 100,022,213.74 7.000000 % 3,330,636.75
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 1.127822 % 0.00
A-6-2 0.00 0.00 0.937716 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,291,571.06 7.000000 % 7,864.68
M-2 76110FQD8 4,054,000.00 4,032,597.38 7.000000 % 2,808.74
M-3 76110FQE6 4,865,000.00 4,839,315.79 7.000000 % 3,370.63
B-1 76110FQF3 1,783,800.00 1,774,382.63 7.000000 % 1,235.87
B-2 76110FQG1 810,800.00 806,519.48 7.000000 % 561.75
B-3 76110FQH9 1,459,579.11 1,451,873.41 7.000000 % 1,011.24
- -------------------------------------------------------------------------------
324,327,779.11 290,946,271.43 6,391,974.51
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 282,494.07 3,326,978.92 0.00 0.00 45,401,313.09
A-2 583,243.18 3,913,879.93 0.00 0.00 96,691,576.99
A-3 299,603.80 299,603.80 0.00 0.00 51,380,000.00
A-4 10,857.58 10,857.58 0.00 0.00 1,862,000.00
A-5 379,257.12 379,257.12 0.00 0.00 65,040,000.00
A-6-1 201,058.62 201,058.62 0.00 0.00 0.00
A-6-2 60,100.36 60,100.36 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,842.69 73,707.37 0.00 0.00 11,283,706.38
M-2 23,514.62 26,323.36 0.00 0.00 4,029,788.64
M-3 28,218.71 31,589.34 0.00 0.00 4,835,945.16
B-1 10,346.67 11,582.54 0.00 0.00 1,773,146.76
B-2 4,702.93 5,264.68 0.00 0.00 805,957.73
B-3 8,466.07 9,477.31 0.00 0.00 1,450,862.17
- -------------------------------------------------------------------------------
1,957,706.42 8,349,680.93 0.00 0.00 284,554,296.92
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 753.129340 47.328994 4.391600 51.720594 0.000000 705.800347
A-2 852.014257 28.371198 4.968211 33.339409 0.000000 823.643060
A-3 1000.000000 0.000000 5.831137 5.831137 0.000000 1000.000000
A-4 1000.000000 0.000000 5.831139 5.831139 0.000000 1000.000000
A-5 1000.000000 0.000000 5.831137 5.831137 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-1 994.720615 0.692832 5.800351 6.493183 0.000000 994.027783
M-2 994.720617 0.692832 5.800350 6.493182 0.000000 994.027785
M-3 994.720615 0.692832 5.800351 6.493183 0.000000 994.027782
B-1 994.720613 0.692830 5.800353 6.493183 0.000000 994.027783
B-2 994.720622 0.692834 5.800358 6.493192 0.000000 994.027787
B-3 994.720601 0.692816 5.800350 6.493166 0.000000 994.027771
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:09:03 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 60,041.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 49,088.92
MASTER SERVICER ADVANCES THIS MONTH 913.91
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 4,600,513.91
(B) TWO MONTHLY PAYMENTS: 7 990,893.51
(C) THREE OR MORE MONTHLY PAYMENTS: 4 830,197.20
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 99,640.09
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 284,554,296.92
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,447
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 118,988.16
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,189,327.89
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.68359860 % 6.93031200 % 1.38608940 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.50270890 % 7.08105286 % 1.41623820 %
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 8.35851050
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.47
POOL TRADING FACTOR: 87.73664029
................................................................................
Run: 11/02/98 12:09:09 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS2(POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4284
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FQJ5 20,000,000.00 17,097,716.55 6.750000 % 429,057.39
A-2 76110FQK2 158,282,400.00 135,313,380.46 6.500000 % 3,395,611.64
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 34,369,036.92 6.193750 % 668,183.94
A-5 76110FQN6 0.00 0.00 2.832025 % 0.00
A-6 76110FQP1 13,504,750.00 11,919,522.76 6.093750 % 234,351.14
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 137,169.73 0.000000 % 276.96
A-9-1 0.00 0.00 1.061876 % 0.00
A-9-2 0.00 0.00 0.776870 % 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 17,270,247.53 7.000000 % 11,992.77
M-2 76110FQW6 5,422,000.00 5,396,827.94 7.000000 % 3,747.66
M-3 76110FQX4 5,422,000.00 5,396,827.94 7.000000 % 3,747.66
B-1 76110FQY2 2,385,700.00 2,374,624.20 7.000000 % 1,648.98
B-2 76110FQZ9 1,084,400.00 1,079,365.60 7.000000 % 749.53
B-3 76110FRA3 1,952,351.82 1,943,287.86 7.000000 % 1,349.46
- -------------------------------------------------------------------------------
433,770,084.51 401,635,907.49 4,750,717.13
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 96,158.15 525,215.54 0.00 0.00 16,668,659.16
A-2 732,821.64 4,128,433.28 0.00 0.00 131,917,768.82
A-3 464,455.24 464,455.24 0.00 0.00 82,584,000.00
A-4 177,363.89 845,547.83 0.00 0.00 33,700,852.98
A-5 109,223.21 109,223.21 0.00 0.00 0.00
A-6 60,518.44 294,869.58 0.00 0.00 11,685,171.62
A-7 505,977.53 505,977.53 0.00 0.00 86,753,900.00
A-8 0.00 276.96 0.00 0.00 136,892.77
A-9-1 249,266.54 249,266.54 0.00 0.00 0.00
A-9-2 77,607.31 77,607.31 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-1 100,725.81 112,718.58 0.00 0.00 17,258,254.76
M-2 31,476.09 35,223.75 0.00 0.00 5,393,080.28
M-3 31,476.09 35,223.75 0.00 0.00 5,393,080.28
B-1 13,849.59 15,498.57 0.00 0.00 2,372,975.22
B-2 6,295.22 7,044.75 0.00 0.00 1,078,616.07
B-3 11,333.90 12,683.36 0.00 0.00 1,941,938.40
- -------------------------------------------------------------------------------
2,668,548.65 7,419,265.78 0.00 0.00 396,885,190.36
===============================================================================
Run: 11/02/98 12:09:09
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-1 854.885828 21.452869 4.807908 26.260777 0.000000 833.432958
A-2 854.885827 21.452869 4.629837 26.082706 0.000000 833.432958
A-3 1000.000000 0.000000 5.624034 5.624034 0.000000 1000.000000
A-4 883.776119 17.181890 4.560790 21.742680 0.000000 866.594229
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 882.617061 17.353238 4.481271 21.834509 0.000000 865.263823
A-7 1000.000000 0.000000 5.832332 5.832332 0.000000 1000.000000
A-8 988.734018 1.996357 0.000000 1.996357 0.000000 986.737661
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-1 995.357420 0.691194 5.805255 6.496449 0.000000 994.666226
M-2 995.357422 0.691195 5.805255 6.496450 0.000000 994.666227
M-3 995.357422 0.691195 5.805255 6.496450 0.000000 994.666227
B-1 995.357421 0.691193 5.805252 6.496445 0.000000 994.666228
B-2 995.357433 0.691193 5.805256 6.496449 0.000000 994.666239
B-3 995.357415 0.691192 5.805255 6.496447 0.000000 994.666217
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:09:10 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 83,276.91
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 70,943.56
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 54 6,499,252.92
(B) TWO MONTHLY PAYMENTS: 15 2,181,252.37
(C) THREE OR MORE MONTHLY PAYMENTS: 3 215,758.63
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 648,312.30
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 396,885,190.36
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,331
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 4,471,760.66
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.66593120 % 6.98978600 % 1.34428260 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.57200040 % 7.06612794 % 1.35943360 %
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 8.25299096
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.70
POOL TRADING FACTOR: 91.49667175
................................................................................
Run: 11/02/98 12:11:10 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 115,517,963.00 107,793,226.64 6.500000 % 1,374,752.29
A-2 76110FRC9 34,880,737.00 28,702,578.73 6.500000 % 360,715.02
A-3-1 0.00 0.00 1.258527 % 0.00
A-3-2 0.00 0.00 1.025261 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,842,034.98 6.500000 % 12,565.12
M-2 76110FRG0 785,100.00 768,113.50 6.500000 % 2,512.06
M-3 76110FRH8 707,000.00 691,703.27 6.500000 % 2,262.17
B-1 76110FRJ4 471,200.00 461,005.05 6.500000 % 1,507.69
B-2 76110FRK1 314,000.00 307,206.26 6.500000 % 1,004.70
B-3 76110FRL9 471,435.62 461,235.59 6.500000 % 1,508.44
- -------------------------------------------------------------------------------
157,074,535.62 143,027,104.02 1,756,827.49
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 583,414.59 1,958,166.88 0.00 0.00 106,418,474.35
A-2 155,348.38 516,063.40 0.00 0.00 28,341,863.71
A-3-1 116,087.18 116,087.18 0.00 0.00 0.00
A-3-2 27,532.13 27,532.13 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,794.43 33,359.55 0.00 0.00 3,829,469.86
M-2 4,157.29 6,669.35 0.00 0.00 765,601.44
M-3 3,743.74 6,005.91 0.00 0.00 689,441.10
B-1 2,495.12 4,002.81 0.00 0.00 459,497.36
B-2 1,662.70 2,667.40 0.00 0.00 306,201.56
B-3 2,496.37 4,004.81 0.00 0.00 459,727.16
- -------------------------------------------------------------------------------
917,731.93 2,674,559.42 0.00 0.00 141,270,276.54
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 933.129566 11.900766 5.050423 16.951189 0.000000 921.228799
A-2 822.877645 10.341382 4.453701 14.795083 0.000000 812.536264
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-1 978.363886 3.199674 5.295246 8.494920 0.000000 975.164212
M-2 978.363903 3.199669 5.295236 8.494905 0.000000 975.164234
M-3 978.363890 3.199675 5.295248 8.494923 0.000000 975.164215
B-1 978.363858 3.199682 5.295246 8.494928 0.000000 975.164177
B-2 978.363885 3.199682 5.295223 8.494905 0.000000 975.164204
B-3 978.363896 3.199673 5.295251 8.494924 0.000000 975.164244
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:11:11 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 29,723.64
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 12,890.51
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 11 710,011.60
(B) TWO MONTHLY PAYMENTS: 1 210,657.47
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 408,401.75
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 141,270,276.54
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,496
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 1,289,066.94
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.43352380 % 3.70688600 % 0.85959020 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.39185550 % 3.74071074 % 0.86743380 %
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 7.98533800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 166.52
POOL TRADING FACTOR: 89.93836969
................................................................................
Run: 11/02/98 12:11:12 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 135,006,400.00 117,009,205.07 6.500000 % 4,270,485.82
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 36,718,856.26 6.093750 % 1,067,621.46
A-I-4 76110FRQ8 0.00 0.00 2.906250 % 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 70,670,362.58 7.000000 % 759,431.90
A-V-1 0.00 0.00 0.901257 % 0.00
A-V-2 0.00 0.00 0.694910 % 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 14,132,644.80 7.000000 % 9,896.19
M-2 76110FRY1 5,067,800.00 5,047,316.23 7.000000 % 3,534.31
M-3 76110FRZ8 5,067,800.00 5,047,316.23 7.000000 % 3,534.31
B-1 76110FSA2 2,230,000.00 2,220,986.46 7.000000 % 1,555.22
B-2 76110FSB0 1,216,400.00 1,211,483.38 7.000000 % 848.32
B-3 76110FSC8 1,621,792.30 1,615,237.12 7.000000 % 1,131.05
- -------------------------------------------------------------------------------
405,421,992.30 378,273,853.13 6,118,038.58
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 633,600.04 4,904,085.86 0.00 0.00 112,738,719.25
A-I-2 335,889.07 335,889.07 0.00 0.00 59,732,445.00
A-I-3 186,404.15 1,254,025.61 0.00 0.00 35,651,234.80
A-I-4 88,900.44 88,900.44 0.00 0.00 0.00
A-I-5 378,277.37 378,277.37 0.00 0.00 64,868,000.00
A-II 412,174.00 1,171,605.90 0.00 0.00 69,910,930.68
A-V-1 220,934.66 220,934.66 0.00 0.00 0.00
A-V-2 48,638.27 48,638.27 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 82,413.45 92,309.64 0.00 0.00 14,122,748.61
M-2 29,433.05 32,967.36 0.00 0.00 5,043,781.92
M-3 29,433.05 32,967.36 0.00 0.00 5,043,781.92
B-1 12,951.51 14,506.73 0.00 0.00 2,219,431.24
B-2 7,064.68 7,913.00 0.00 0.00 1,210,635.06
B-3 9,419.14 10,550.19 0.00 0.00 1,614,106.07
- -------------------------------------------------------------------------------
2,475,532.88 8,593,571.46 0.00 0.00 372,155,814.55
===============================================================================
Run: 11/02/98 12:11:12
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-1 866.693765 31.631729 4.693111 36.324840 0.000000 835.062036
A-I-2 1000.000000 0.000000 5.623227 5.623227 0.000000 1000.000000
A-I-3 890.841821 25.901728 4.522380 30.424108 0.000000 864.940093
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.831494 5.831494 0.000000 1000.000000
A-II 939.727971 10.098426 5.480819 15.579245 0.000000 929.629545
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-1 995.958055 0.697406 5.807854 6.505260 0.000000 995.260649
M-2 995.958055 0.697405 5.807855 6.505260 0.000000 995.260650
M-3 995.958055 0.697405 5.807855 6.505260 0.000000 995.260650
B-1 995.958054 0.697408 5.807852 6.505260 0.000000 995.260646
B-2 995.958057 0.697402 5.807857 6.505259 0.000000 995.260654
B-3 995.958064 0.697407 5.807856 6.505263 0.000000 995.260657
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:11:13 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 78,242.82
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,266.61
SUBSERVICER ADVANCES THIS MONTH 42,221.24
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 4,913,268.30
(B) TWO MONTHLY PAYMENTS: 4 363,613.39
(C) THREE OR MORE MONTHLY PAYMENTS: 2 398,911.45
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 372,155,814.55
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,165
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 5,853,167.83
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.26090200 % 6.40469300 % 1.33440550 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.13918370 % 6.50542367 % 1.35539260 %
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 8.18283200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.60
POOL TRADING FACTOR: 91.79467854
................................................................................
Run: 11/02/98 12:09:22 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 151,551,000.00 137,024,780.92 6.750000 % 2,388,701.11
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 1.078847 % 0.00
A-6-2 0.00 0.00 0.868828 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,607,871.38 6.750000 % 8,828.44
M-2 76110FSM6 4,216,900.00 4,202,623.78 6.750000 % 2,942.81
M-3 76110FSN4 4,392,600.00 4,377,728.96 6.750000 % 3,065.43
B-1 76110FSP9 1,757,100.00 1,751,151.38 6.750000 % 1,226.21
B-2 76110FSQ7 1,054,300.00 1,050,730.70 6.750000 % 735.76
B-3 76110FSR5 1,405,623.28 1,400,864.58 6.750000 % 980.93
- -------------------------------------------------------------------------------
351,405,323.28 336,792,751.70 2,406,480.69
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 770,627.80 3,159,328.91 0.00 0.00 134,636,079.81
A-2 427,067.11 427,067.11 0.00 0.00 75,936,500.00
A-3 98,340.20 98,340.20 0.00 0.00 17,485,800.00
A-4 74,038.32 74,038.32 0.00 0.00 13,164,700.00
A-5 381,251.18 381,251.18 0.00 0.00 67,790,000.00
A-6-1 225,037.11 225,037.11 0.00 0.00 0.00
A-6-2 62,573.45 62,573.45 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 70,906.71 79,735.15 0.00 0.00 12,599,042.94
M-2 23,635.57 26,578.38 0.00 0.00 4,199,680.97
M-3 24,620.37 27,685.80 0.00 0.00 4,374,663.53
B-1 9,848.48 11,074.69 0.00 0.00 1,749,925.17
B-2 5,909.31 6,645.07 0.00 0.00 1,049,994.94
B-3 7,878.46 8,859.39 0.00 0.00 1,399,883.65
- -------------------------------------------------------------------------------
2,181,734.07 4,588,214.76 0.00 0.00 334,386,271.01
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 904.149632 15.761698 5.084940 20.846638 0.000000 888.387934
A-2 1000.000000 0.000000 5.624003 5.624003 0.000000 1000.000000
A-3 1000.000000 0.000000 5.624003 5.624003 0.000000 1000.000000
A-4 1000.000000 0.000000 5.624004 5.624004 0.000000 1000.000000
A-5 1000.000000 0.000000 5.624003 5.624003 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-1 996.614526 0.697862 5.604963 6.302825 0.000000 995.916664
M-2 996.614523 0.697861 5.604963 6.302824 0.000000 995.916662
M-3 996.614524 0.697862 5.604965 6.302827 0.000000 995.916662
B-1 996.614524 0.697860 5.604963 6.302823 0.000000 995.916664
B-2 996.614531 0.697866 5.604961 6.302827 0.000000 995.916665
B-3 996.614527 0.697861 5.604958 6.302819 0.000000 995.916666
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:09:23 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 69,991.35
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 16,157.90
SUBSERVICER ADVANCES THIS MONTH 57,365.72
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 46 6,021,148.17
(B) TWO MONTHLY PAYMENTS: 3 330,986.74
(C) THREE OR MORE MONTHLY PAYMENTS: 3 811,897.11
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 710,639.55
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 334,386,271.01
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,691
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 2,170,647.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.46095090 % 6.29117600 % 1.24787330 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.41201170 % 6.33201458 % 1.25597370 %
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 8.10499210
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.64
POOL TRADING FACTOR: 95.15685986
................................................................................
Run: 11/02/98 12:11:14 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6(POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4301
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FSS3 20,174,375.00 19,431,245.11 6.750000 % 285,970.08
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 14,873,190.61 6.750000 % 549,062.56
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 130,424,430.11 6.750000 % 2,337,991.31
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 74,041,931.92 6.750000 % 3,036,681.54
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 9,294,605.86 6.750000 % 337,195.50
A-P 76110FTE3 57,464.36 57,239.36 0.000000 % 52.65
A-V-1 0.00 0.00 1.026114 % 0.00
A-V-2 0.00 0.00 0.790262 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 13,039,501.47 6.750000 % 9,065.38
M-2 76110FTH6 5,029,000.00 5,015,154.52 6.750000 % 3,486.66
M-3 76110FTJ2 4,224,500.00 4,212,869.41 6.750000 % 2,928.89
B-1 76110FTK9 2,011,600.00 2,006,061.81 6.750000 % 1,394.66
B-2 76110FTL7 1,207,000.00 1,203,676.98 6.750000 % 836.83
B-3 76110FTM5 1,609,449.28 1,605,018.21 6.750000 % 1,115.85
- -------------------------------------------------------------------------------
402,311,611.64 386,933,048.37 6,565,781.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 109,256.14 395,226.22 0.00 0.00 19,145,275.03
CB-2 221,045.88 221,045.88 0.00 0.00 39,313,092.00
CB-3 77,671.50 77,671.50 0.00 0.00 13,813,906.00
CB-4 83,627.55 632,690.11 0.00 0.00 14,324,128.05
CB-5 115,265.43 115,265.43 0.00 0.00 20,500,000.00
CB-6 733,337.98 3,071,329.29 0.00 0.00 128,086,438.80
CB-7 159,901.98 159,901.98 0.00 0.00 28,438,625.00
NB-1 416,443.83 3,453,125.37 0.00 0.00 71,005,250.38
NB-2 0.00 0.00 0.00 0.00 0.00
NB-3 54,346.07 54,346.07 0.00 0.00 9,662,500.00
NB-4 52,276.88 389,472.38 0.00 0.00 8,957,410.36
A-P 0.00 52.65 0.00 0.00 57,186.71
A-V-1 247,940.93 247,940.93 0.00 0.00 0.00
A-V-2 63,764.72 63,764.72 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,318.89 82,384.27 0.00 0.00 13,030,436.09
M-2 28,199.35 31,686.01 0.00 0.00 5,011,667.86
M-3 23,688.24 26,617.13 0.00 0.00 4,209,940.52
B-1 11,279.74 12,674.40 0.00 0.00 2,004,667.15
B-2 6,768.07 7,604.90 0.00 0.00 1,202,840.15
B-3 9,024.75 10,140.60 0.00 0.00 1,603,902.36
- -------------------------------------------------------------------------------
2,487,157.93 9,052,939.84 0.00 0.00 380,367,266.46
===============================================================================
Run: 11/02/98 12:11:14
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-1 963.164664 14.174917 5.415590 19.590507 0.000000 948.989747
CB-2 1000.000000 0.000000 5.622704 5.622704 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.622704 5.622704 0.000000 1000.000000
CB-4 912.465682 33.684820 5.130525 38.815345 0.000000 878.780862
CB-5 1000.000000 0.000000 5.622704 5.622704 0.000000 1000.000000
CB-6 955.490330 17.128141 5.372439 22.500580 0.000000 938.362189
CB-7 1000.000000 0.000000 5.622704 5.622704 0.000000 1000.000000
NB-1 975.513098 40.008716 5.486707 45.495423 0.000000 935.504382
NB-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-3 1000.000000 0.000000 5.624432 5.624432 0.000000 1000.000000
NB-4 929.460586 33.719550 5.227688 38.947238 0.000000 895.741036
A-P 996.084530 0.916282 0.000000 0.916282 0.000000 995.168248
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.246872 0.693310 5.607349 6.300659 0.000000 996.553561
M-2 997.246872 0.693311 5.607347 6.300658 0.000000 996.553561
M-3 997.246872 0.693310 5.607348 6.300658 0.000000 996.553561
B-1 997.246873 0.693309 5.607347 6.300656 0.000000 996.553564
B-2 997.246877 0.693314 5.607349 6.300663 0.000000 996.553563
B-3 997.246841 0.693312 5.607353 6.300665 0.000000 996.553528
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:11:14 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 79,862.77
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,774.97
SUBSERVICER ADVANCES THIS MONTH 60,464.01
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 6,027,625.38
(B) TWO MONTHLY PAYMENTS: 9 1,588,550.31
(C) THREE OR MORE MONTHLY PAYMENTS: 6 674,086.89
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 380,367,266.45
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,993
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 6,296,782.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.98599030 % 5.75487800 % 1.24433850 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.88384520 % 5.85014706 % 1.26512810 %
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 8.04484500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.67
POOL TRADING FACTOR: 94.54543579
................................................................................
Run: 11/02/98 12:11:16 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 172,668,000.00 165,623,424.56 6.750000 % 2,147,749.89
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 74,316,294.95 6.750000 % 2,654,637.81
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 73,169.19 0.000000 % 90.82
A-V 76110FUG6 0.00 0.00 0.965146 % 0.00
R 76110FUH4 100.00 0.00 6.750000 % 0.00
M-1 76110FUJ0 13,245,900.00 13,218,765.99 6.750000 % 9,194.23
M-2 76110FUK5 5,094,600.00 5,084,163.80 6.750000 % 3,536.26
M-3 76110FUM3 4,279,400.00 4,270,633.71 6.750000 % 2,970.41
B-1 76110FUN1 2,037,800.00 2,033,625.60 6.750000 % 1,414.48
B-2 76110FUP6 1,222,600.00 1,220,095.53 6.750000 % 848.63
B-3 76110FUQ4 1,631,527.35 1,628,185.20 6.750000 % 1,132.47
- -------------------------------------------------------------------------------
407,565,332.24 393,160,358.53 4,821,575.00
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 931,293.12 3,079,043.01 0.00 0.00 163,475,674.67
CB-2 199,901.69 199,901.69 0.00 0.00 35,551,000.00
CB-3 248,618.98 248,618.98 0.00 0.00 44,215,000.00
NB-1 181,338.27 181,338.27 0.00 0.00 32,242,000.00
NB-2 417,976.18 3,072,613.99 0.00 0.00 71,661,657.14
NB-3 0.00 0.00 0.00 0.00 0.00
NB-4 76,962.75 76,962.75 0.00 0.00 13,684,000.00
A-P 0.00 90.82 0.00 0.00 73,078.37
A-V 316,124.16 316,124.16 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 74,331.20 83,525.43 0.00 0.00 13,209,571.76
M-2 28,589.05 32,125.31 0.00 0.00 5,080,627.54
M-3 24,014.44 26,984.85 0.00 0.00 4,267,663.30
B-1 11,435.39 12,849.87 0.00 0.00 2,032,211.12
B-2 6,860.79 7,709.42 0.00 0.00 1,219,246.90
B-3 9,155.54 10,288.01 0.00 0.00 1,627,052.71
- -------------------------------------------------------------------------------
2,526,601.56 7,348,176.56 0.00 0.00 388,338,783.51
===============================================================================
Run: 11/02/98 12:11:16
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-1 959.201616 12.438610 5.393548 17.832158 0.000000 946.763006
CB-2 1000.000000 0.000000 5.622955 5.622955 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.622956 5.622956 0.000000 1000.000000
NB-1 1000.000000 0.000000 5.624287 5.624287 0.000000 1000.000000
NB-2 954.731436 34.103775 5.369684 39.473459 0.000000 920.627661
NB-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-4 1000.000000 0.000000 5.624287 5.624287 0.000000 1000.000000
A-P 996.789042 1.237197 0.000000 1.237197 0.000000 995.551846
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-1 997.951516 0.694119 5.611638 6.305757 0.000000 997.257397
M-2 997.951517 0.694119 5.611638 6.305757 0.000000 997.257398
M-3 997.951514 0.694118 5.611637 6.305755 0.000000 997.257396
B-1 997.951516 0.694121 5.611635 6.305756 0.000000 997.257395
B-2 997.951521 0.694119 5.611639 6.305758 0.000000 997.257402
B-3 997.951521 0.694116 5.611637 6.305753 0.000000 997.257392
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:11:16 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 81,390.11
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 11,083.80
SUBSERVICER ADVANCES THIS MONTH 71,570.51
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 61 8,570,733.99
(B) TWO MONTHLY PAYMENTS: 7 599,505.92
(C) THREE OR MORE MONTHLY PAYMENTS: 3 357,881.81
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 238,000.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 388,338,783.51
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,833
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 4,548,117.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.99811430 % 5.74156700 % 1.24170870 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.93360890 % 5.80881013 % 1.25648770 %
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 8.04162300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.65
POOL TRADING FACTOR: 95.28258485
................................................................................
Run: 11/02/98 12:11:18 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 124,454,000.00 120,790,872.75 6.500000 % 1,487,135.85
NB 76110FTP8 41,430,000.00 40,959,878.65 6.500000 % 473,795.08
A-P 76110FTQ6 63,383.01 62,674.31 0.000000 % 221.08
A-V 76110FTV5 0.00 0.00 0.943478 % 0.00
R 76110FTR4 100.00 0.00 6.500000 % 0.00
M-1 76110FTS2 4,507,000.00 4,465,087.70 6.500000 % 14,121.80
M-2 76110FTT0 780,000.00 772,746.49 6.500000 % 2,443.98
M-3 76110FTU7 693,500.00 687,050.88 6.500000 % 2,172.95
B-1 76110FTW3 520,000.00 515,164.32 6.500000 % 1,629.32
B-2 76110FTX1 433,500.00 429,468.72 6.500000 % 1,358.29
B-3 76110FTY9 433,464.63 429,433.68 6.500000 % 1,358.18
- -------------------------------------------------------------------------------
173,314,947.64 169,112,377.50 1,984,236.53
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 653,844.83 2,140,980.68 0.00 0.00 119,303,736.90
NB 221,717.13 695,512.21 0.00 0.00 40,486,083.57
A-P 0.00 221.08 0.00 0.00 62,453.23
A-V 132,872.33 132,872.33 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 24,169.66 38,291.46 0.00 0.00 4,450,965.90
M-2 4,182.90 6,626.88 0.00 0.00 770,302.51
M-3 3,719.03 5,891.98 0.00 0.00 684,877.93
B-1 2,788.60 4,417.92 0.00 0.00 513,535.00
B-2 2,324.73 3,683.02 0.00 0.00 428,110.43
B-3 2,324.54 3,682.72 0.00 0.00 428,075.50
- -------------------------------------------------------------------------------
1,047,943.75 3,032,180.28 0.00 0.00 167,128,140.97
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 970.566416 11.949281 5.253707 17.202988 0.000000 958.617135
NB 988.652635 11.436039 5.351608 16.787647 0.000000 977.216596
A-P 988.818770 3.487993 0.000000 3.487993 0.000000 985.330777
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-1 990.700621 3.133304 5.362694 8.495998 0.000000 987.567318
M-2 990.700628 3.133308 5.362692 8.496000 0.000000 987.567321
M-3 990.700620 3.133309 5.362696 8.496005 0.000000 987.567311
B-1 990.700615 3.133308 5.362692 8.496000 0.000000 987.567308
B-2 990.700623 3.133310 5.362699 8.496009 0.000000 987.567313
B-3 990.700625 3.133312 5.362698 8.496010 0.000000 987.567312
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:11:18 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS8 (POOL # 4306)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4306
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 35,085.76
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,314.52
SUBSERVICER ADVANCES THIS MONTH 21,899.03
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 12 1,687,928.23
(B) TWO MONTHLY PAYMENTS: 4 677,130.14
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 167,128,140.97
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,684
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 1,449,361.57
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.64690280 % 3.50351900 % 0.81251690 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.64490630 % 3.53390297 % 0.81986970 %
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 7.77238200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 171.39
POOL TRADING FACTOR: 96.43030982
................................................................................
Run: 11/02/98 12:09:35 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 92,024,152.04 6.750000 % 3,168,392.27
A-2 76110FVM2 43,000,000.00 43,000,000.00 6.750000 % 0.00
A-3 76110FVNO 60,000,000.00 60,000,000.00 6.750000 % 0.00
A-4 76110FVP5 27,000,000.00 27,000,000.00 6.750000 % 0.00
A-5 76110FVQ3 52,500,000.00 52,500,000.00 6.750000 % 0.00
A-6 76110FVR1 36,500,000.00 36,500,000.00 6.750000 % 0.00
A-7 76110FVS9 25,000,000.00 25,000,000.00 6.750000 % 0.00
A-8 76110FVT7 10,405,000.00 10,405,000.00 6.393750 % 0.00
A-9 76110FVU4 3,469,000.00 3,469,000.00 7.818548 % 0.00
A-10 76110FVU2 7,590,000.00 7,530,682.02 6.750000 % 30,039.05
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 77,696.86 0.000000 % 66.16
A-14 76110FVZ3 0.00 0.00 0.953826 % 0.00
R 76110FWA7 100.00 0.00 6.750000 % 0.00
M-1 76110FWB5 11,770,000.00 11,753,844.58 6.750000 % 8,181.22
M-2 76110FWC3 5,349,900.00 5,342,556.77 6.750000 % 3,718.67
M-3 76110FWD1 5,349,900.00 5,342,556.77 6.750000 % 3,718.67
B-1 76110FWE9 2,354,000.00 2,350,768.92 6.750000 % 1,636.24
B-2 76110FWF6 1,284,000.00 1,282,237.59 6.750000 % 892.50
B-3 76110FWG4 1,712,259.01 1,709,908.77 6.750000 % 1,190.17
- -------------------------------------------------------------------------------
427,987,988.79 420,914,404.32 3,217,834.95
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 517,599.66 3,685,991.93 0.00 0.00 88,855,759.77
A-2 241,858.08 241,858.08 0.00 0.00 43,000,000.00
A-3 337,476.40 337,476.40 0.00 0.00 60,000,000.00
A-4 151,864.38 151,864.38 0.00 0.00 27,000,000.00
A-5 295,291.85 295,291.85 0.00 0.00 52,500,000.00
A-6 205,298.14 205,298.14 0.00 0.00 36,500,000.00
A-7 140,615.17 140,615.17 0.00 0.00 25,000,000.00
A-8 55,435.26 55,435.26 0.00 0.00 10,405,000.00
A-9 22,600.54 22,600.54 0.00 0.00 3,469,000.00
A-10 42,357.13 72,396.18 0.00 0.00 7,500,642.97
A-11 42,184.55 42,184.55 0.00 0.00 7,500,000.00
A-12 158,197.69 158,197.69 0.00 0.00 28,126,000.00
A-13 0.00 66.16 0.00 0.00 77,630.70
A-14 334,542.44 334,542.44 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 66,110.76 74,291.98 0.00 0.00 11,745,663.36
M-2 30,049.78 33,768.45 0.00 0.00 5,338,838.10
M-3 30,049.78 33,768.45 0.00 0.00 5,338,838.10
B-1 13,222.16 14,858.40 0.00 0.00 2,349,132.68
B-2 7,212.09 8,104.59 0.00 0.00 1,281,345.09
B-3 9,617.57 10,807.74 0.00 0.00 1,708,718.60
- -------------------------------------------------------------------------------
2,701,583.43 5,919,418.38 0.00 0.00 417,696,569.37
===============================================================================
Run: 11/02/98 12:09:35
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-1 929.536889 32.003962 5.228279 37.232241 0.000000 897.532927
A-2 1000.000000 0.000000 5.624607 5.624607 0.000000 1000.000000
A-3 1000.000000 0.000000 5.624607 5.624607 0.000000 1000.000000
A-4 1000.000000 0.000000 5.624607 5.624607 0.000000 1000.000000
A-5 1000.000000 0.000000 5.624607 5.624607 0.000000 1000.000000
A-6 1000.000000 0.000000 5.624607 5.624607 0.000000 1000.000000
A-7 1000.000000 0.000000 5.624607 5.624607 0.000000 1000.000000
A-8 1000.000000 0.000000 5.327752 5.327752 0.000000 1000.000000
A-9 1000.000000 0.000000 6.515001 6.515001 0.000000 1000.000000
A-10 992.184719 3.957714 5.580650 9.538364 0.000000 988.227005
A-11 1000.000000 0.000000 5.624607 5.624607 0.000000 1000.000000
A-12 1000.000000 0.000000 5.624607 5.624607 0.000000 1000.000000
A-13 998.292170 0.850060 0.000000 0.850060 0.000000 997.442110
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-1 998.627407 0.695091 5.616887 6.311978 0.000000 997.932316
M-2 998.627408 0.695091 5.616886 6.311977 0.000000 997.932317
M-3 998.627408 0.695091 5.616886 6.311977 0.000000 997.932317
B-1 998.627409 0.695089 5.616890 6.311979 0.000000 997.932320
B-2 998.627407 0.695093 5.616893 6.311986 0.000000 997.932313
B-3 998.627404 0.695093 5.616890 6.311983 0.000000 997.932316
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:09:36 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 87,382.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 18,832.39
SUBSERVICER ADVANCES THIS MONTH 119,612.70
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 104 12,059,201.66
(B) TWO MONTHLY PAYMENTS: 22 3,806,443.28
(C) THREE OR MORE MONTHLY PAYMENTS: 7 698,857.48
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 417,696,569.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,108
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 2,924,846.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.39841960 % 5.33198700 % 1.26959350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.35218460 % 5.36833223 % 1.27848520 %
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 8.03152143
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.90
POOL TRADING FACTOR: 97.59539527
................................................................................
Run: 11/02/98 12:09:47 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 112,117,000.00 109,847,473.25 6.750000 % 4,742,111.95
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 6.444530 % 0.00
A-8 76110FWQ2 5,046,000.00 5,046,000.00 7.732352 % 0.00
A-9 76110FWR0 96,429,000.00 96,429,000.00 6.750000 % 0.00
A-10 76110FWS8 62,872.89 62,785.39 0.000000 % 63.62
A-11 76110FWT6 0.00 0.00 0.907786 % 0.00
R 76110FWU3 100.00 0.00 6.750000 % 0.00
M-1 76110FWV1 13,198,800.00 13,189,681.79 6.750000 % 9,159.87
M-2 76110FWW9 6,000,000.00 5,995,854.98 6.750000 % 4,163.96
M-3 76110FWX7 4,799,500.00 4,796,184.33 6.750000 % 3,330.82
B-1 76110FWY5 2,639,600.00 2,637,776.47 6.750000 % 1,831.86
B-2 76110FWZ2 1,439,500.00 1,438,505.54 6.750000 % 999.00
B-3 76110FXA6 1,919,815.88 1,918,489.62 6.750000 % 1,332.34
- -------------------------------------------------------------------------------
479,943,188.77 477,652,751.37 4,762,993.42
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 617,740.36 5,359,852.31 0.00 0.00 105,105,361.30
A-2 269,748.15 269,748.15 0.00 0.00 47,967,000.00
A-3 379,712.40 379,712.40 0.00 0.00 67,521,000.00
A-4 170,654.35 170,654.35 0.00 0.00 30,346,000.00
A-5 256,493.27 256,493.27 0.00 0.00 45,610,000.00
A-6 160,992.97 160,992.97 0.00 0.00 28,628,000.00
A-7 87,081.81 87,081.81 0.00 0.00 16,219,000.00
A-8 32,506.56 32,506.56 0.00 0.00 5,046,000.00
A-9 542,279.98 542,279.98 0.00 0.00 96,429,000.00
A-10 0.00 63.62 0.00 0.00 62,721.77
A-11 361,249.94 361,249.94 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 74,173.75 83,333.62 0.00 0.00 13,180,521.92
M-2 33,718.40 37,882.36 0.00 0.00 5,991,691.02
M-3 26,971.92 30,302.74 0.00 0.00 4,792,853.51
B-1 14,833.85 16,665.71 0.00 0.00 2,635,944.61
B-2 8,089.60 9,088.60 0.00 0.00 1,437,506.54
B-3 10,788.85 12,121.19 0.00 0.00 1,917,157.28
- -------------------------------------------------------------------------------
3,047,036.16 7,810,029.58 0.00 0.00 472,889,757.95
===============================================================================
Run: 11/02/98 12:09:47
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-1 979.757514 42.296101 5.509783 47.805884 0.000000 937.461414
A-2 1000.000000 0.000000 5.623619 5.623619 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623619 5.623619 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623619 5.623619 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623619 5.623619 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623619 5.623619 0.000000 1000.000000
A-7 1000.000000 0.000000 5.369123 5.369123 0.000000 1000.000000
A-8 1000.000000 0.000000 6.442045 6.442045 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623619 5.623619 0.000000 1000.000000
A-10 998.608303 1.011883 0.000000 1.011883 0.000000 997.596420
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-1 999.309164 0.693993 5.619734 6.313727 0.000000 998.615171
M-2 999.309163 0.693993 5.619733 6.313726 0.000000 998.615170
M-3 999.309163 0.693993 5.619735 6.313728 0.000000 998.615170
B-1 999.309164 0.693992 5.619734 6.313726 0.000000 998.615173
B-2 999.309163 0.693991 5.619729 6.313720 0.000000 998.615172
B-3 999.309173 0.693994 5.619732 6.313726 0.000000 998.615180
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:09:48 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS11 (POOL # 4319)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4319
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 99,024.37
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 17,571.15
SUBSERVICER ADVANCES THIS MONTH 230,519.13
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 224 28,975,629.10
(B) TWO MONTHLY PAYMENTS: 25 3,121,816.45
(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 472,889,757.95
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,513
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 4,431,267.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.72338310 % 5.02140400 % 1.25521310 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.66455960 % 5.06779139 % 1.26697670 %
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 7.98515303
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.84
POOL TRADING FACTOR: 98.53036130
................................................................................
Run: 11/02/98 12:11:21 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 188,037,444.00 188,037,444.00 7.000000 % 695,926.80
CB-2 76110FXP8 6,964,350.00 6,964,350.00 0.000000 % 25,775.07
NB-1 76110FXQ1 25,499,800.00 25,499,800.00 6.750000 % 154,938.96
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 15,249,000.00 6.400000 % 81,000.79
NB-8 76110FXX6 20,899,000.00 20,899,000.00 6.100000 % 88,982.84
NB-9 76110FXY4 0.00 0.00 0.650000 % 0.00
A-P 76110FXZ1 58,061.92 58,061.92 0.000000 % 54.17
A-V 76110FYA5 0.00 0.00 0.860341 % 0.00
R-I 76110FYB3 100.00 100.00 6.750000 % 100.00
R-II 76110FYC1 100.00 100.00 6.750000 % 100.00
M-1 76110FYD9 8,802,500.00 8,802,500.00 6.750000 % 6,107.29
M-2 76110FYE7 4,001,000.00 4,001,000.00 6.750000 % 2,775.95
M-3 76110FYF4 3,201,000.00 3,201,000.00 6.750000 % 2,220.90
B-1 76110FYG2 1,760,300.00 1,760,300.00 6.750000 % 1,221.32
B-2 76110FYH0 960,000.00 960,000.00 6.750000 % 666.06
B-3 76110FYJ6 1,280,602.22 1,280,602.22 6.750000 % 888.50
- -------------------------------------------------------------------------------
320,086,417.14 320,086,417.14 1,060,758.65
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,096,646.60 1,792,573.40 0.00 0.00 187,341,517.20
CB-2 0.00 25,775.07 0.00 0.00 6,938,574.93
NB-1 143,431.04 298,370.00 0.00 0.00 25,344,861.04
NB-2 41,752.83 41,752.83 0.00 0.00 7,423,000.00
NB-3 120,540.15 120,540.15 0.00 0.00 21,430,159.00
NB-4 22,611.66 22,611.66 0.00 0.00 4,020,000.00
NB-5 59,060.30 59,060.30 0.00 0.00 10,500,000.00
NB-6 4,447.46 4,447.46 0.00 0.00 0.00
NB-7 81,324.97 162,325.76 0.00 0.00 15,167,999.21
NB-8 106,232.63 195,215.47 0.00 0.00 20,810,017.16
NB-9 11,319.87 11,319.87 0.00 0.00 0.00
A-P 0.00 54.17 0.00 0.00 58,007.75
A-V 229,450.80 229,450.80 0.00 0.00 0.00
R-I 0.56 100.56 0.00 0.00 0.00
R-II 0.56 100.56 0.00 0.00 0.00
M-1 49,505.38 55,612.67 0.00 0.00 8,796,392.71
M-2 22,501.68 25,277.63 0.00 0.00 3,998,224.05
M-3 18,002.47 20,223.37 0.00 0.00 3,198,779.10
B-1 9,899.95 11,121.27 0.00 0.00 1,759,078.68
B-2 5,399.05 6,065.11 0.00 0.00 959,333.94
B-3 7,202.13 8,090.63 0.00 0.00 1,279,713.73
- -------------------------------------------------------------------------------
2,029,330.09 3,090,088.74 0.00 0.00 319,025,658.50
===============================================================================
Run: 11/02/98 12:11:21
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 1000.000000 3.701001 5.832065 9.533066 0.000000 996.298999
CB-2 1000.000000 3.701002 0.000000 3.701002 0.000000 996.298999
NB-1 1000.000000 6.076085 5.624791 11.700876 0.000000 993.923915
NB-2 1000.000000 0.000000 5.624792 5.624792 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624790 5.624790 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.624791 5.624791 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.624790 5.624790 0.000000 1000.000000
NB-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-7 1000.000000 5.311876 5.333135 10.645011 0.000000 994.688125
NB-8 1000.000000 4.257756 5.083144 9.340900 0.000000 995.742244
NB-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-P 1000.000000 0.932930 0.000000 0.932930 0.000000 999.067070
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 1000.000000 1000.000000 5.600000 1005.600000 0.000000 0.000000
R-II 1000.000000 1000.000000 5.600000 1005.600000 0.000000 0.000000
M-1 1000.000000 0.693813 5.624014 6.317827 0.000000 999.306187
M-2 1000.000000 0.693814 5.624014 6.317828 0.000000 999.306186
M-3 1000.000000 0.693814 5.624014 6.317828 0.000000 999.306186
B-1 1000.000000 0.693814 5.624013 6.317827 0.000000 999.306186
B-2 1000.000000 0.693813 5.624010 6.317823 0.000000 999.306188
B-3 1000.000000 0.693814 5.624018 6.317832 0.000000 999.306197
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:11:22 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 66,660.48
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 20,998.03
SUBSERVICER ADVANCES THIS MONTH 26,264.32
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 3,490,056.48
(B) TWO MONTHLY PAYMENTS: 1 224,950.00
(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 319,025,658.51
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,204
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 838,669.49
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.73186020 % 5.00005600 % 1.24994440 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.73242960 % 5.01320049 % 1.25345830 %
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 7.93789600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.76
POOL TRADING FACTOR: 99.66860242
................................................................................
Run: 11/02/98 12:11:23 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 112,514,000.00 112,514,000.00 6.500000 % 511,707.37
NB 37,758,000.00 37,758,000.00 6.500000 % 138,412.82
A-P 53,454.22 53,454.22 0.000000 % 201.79
A-V 0.00 0.00 0.853292 % 0.00
R 100.00 100.00 6.500000 % 100.00
M-1 4,083,000.00 4,083,000.00 6.500000 % 12,734.49
M-2 706,500.00 706,500.00 6.500000 % 2,203.51
M-3 628,000.00 628,000.00 6.500000 % 1,958.67
B-1 471,000.00 471,000.00 6.500000 % 1,469.00
B-2 314,000.00 314,000.00 6.500000 % 979.34
B-3 471,221.05 471,221.05 6.500000 % 1,469.68
- -------------------------------------------------------------------------------
156,999,275.27 156,999,275.27 671,236.67
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 609,131.89 1,120,839.26 0.00 0.00 112,002,292.63
NB 204,415.47 342,828.29 0.00 0.00 37,619,587.18
A-P 0.00 201.79 0.00 0.00 53,252.43
A-V 111,580.09 111,580.09 0.00 0.00 0.00
R 0.54 100.54 0.00 0.00 0.00
M-1 22,104.68 34,839.17 0.00 0.00 4,070,265.51
M-2 3,824.88 6,028.39 0.00 0.00 704,296.49
M-3 3,399.89 5,358.56 0.00 0.00 626,041.33
B-1 2,549.91 4,018.91 0.00 0.00 469,531.00
B-2 1,699.94 2,679.28 0.00 0.00 313,020.66
B-3 2,551.11 4,020.79 0.00 0.00 469,751.37
- -------------------------------------------------------------------------------
961,258.40 1,632,495.07 0.00 0.00 156,328,038.60
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 1000.000000 4.547944 5.413832 9.961776 0.000000 995.452056
NB 1000.000000 3.665788 5.413832 9.079620 0.000000 996.334212
A-P 1000.000000 3.775008 0.000000 3.775008 0.000000 996.224992
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 3.118905 5.413833 8.532738 0.000000 996.881095
M-2 1000.000000 3.118910 5.413843 8.532753 0.000000 996.881090
M-3 1000.000000 3.118901 5.413838 8.532739 0.000000 996.881099
B-1 1000.000000 3.118896 5.413822 8.532718 0.000000 996.881104
B-2 1000.000000 3.118917 5.413822 8.532739 0.000000 996.881083
B-3 1000.000000 3.118876 5.413829 8.532705 0.000000 996.881124
_______________________________________________________________________________
DETERMINATION DATE 20-October-98
DISTRIBUTION DATE 26-October-98
Run: 11/02/98 12:11:24 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 32,684.59
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 10,608.43
SUBSERVICER ADVANCES THIS MONTH 10,034.86
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 9 1,077,855.55
(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 156,328,038.60
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,410
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 181,558.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.71515520 % 3.45065300 % 0.80014450 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.74281530 % 3.45466071 % 0.80134680 %
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 7.67946600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 174.74
POOL TRADING FACTOR: 99.57245875
................................................................................
