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)
May 25, 1999
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in it's charter)
33-95932, 333-8733, 333-33493
333-48327, 333-63549 51-0368240
333-72661
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 May, 1999 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
<PAGE>
1995-QS1 RALI
1996-QS1 RALI
1996-QS2 RALI
1996-QS3 RALI
1996-QS4 RALI
1996-QS5 RALI
1996-QS6 RALI
1996-QS7 RALI
1996-QS8 RALI
1997-QPCR1 RALI
1997-QPCR2 RALI
1997-QPCR3 RALI
1997-QS1 RALI
1997-QS10 RALI
1997-QS11 RALI
1997-QS12 RALI
1997-QS13 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
1998-QS1 RALI
1998-QS10 RALI
1998-QS11 RALI
1998-QS12 RALI
1998-QS13 RALI
1998-QS14 RALI
1998-QS15 RALI
1998-QS16 RALI
1998-QS17 RALI
1998-QS2 RALI
1998-QS3 RALI
1998-QS4 RALI
1998-QS5 RALI
1998-QS6 RALI
1998-QS7 RALI
1998-QS8 RALI
1998-QS9 RALI
1999-QS1 RALI
1999-QS2 RALI
1999-QS3 RALI
<PAGE>
1999-QS4 RALI
1999-QS5 RALI
Item 7. Financial Statements and Exhibits
(a) Not applicable (b) Not applicable (c) See Item 5.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: May 25, 1999
<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: May 25, 1999
<PAGE>
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-QS1(POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4180
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FAA1 54,500,000.00 0.00 6.600000 % 0.00
A-2 76110FAB9 82,500,000.00 0.00 6.900000 % 0.00
A-3 76110FAC7 22,250,000.00 0.00 7.300000 % 0.00
A-4 76110FAD5 46,000,000.00 41,796,649.48 7.500000 % 3,584,217.37
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 1,808,377.28 0.000000 % 65,724.80
- -------------------------------------------------------------------------------
258,459,514.42 96,814,026.76 3,649,942.17
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-4 261,229.06 3,845,446.43 0.00 0.00 38,212,432.11
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 89,563.26 155,288.06 0.00 0.00 1,742,652.48
- -------------------------------------------------------------------------------
683,348.57 4,333,290.74 0.00 0.00 93,164,084.59
===============================================================================
_______________________________________________________________________________
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-4 908.622815 77.917769 5.678893 83.596662 0.000000 830.705046
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
R ****.****** ****.****** *****.****** *****.****** 0.000000 ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
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Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4180
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 19,362.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 508.97
SUBSERVICER ADVANCES THIS MONTH 65,759.04
MASTER SERVICER ADVANCES THIS MONTH 16,042.96
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 55 3,844,445.13
(B) TWO MONTHLY PAYMENTS: 6 1,319,100.16
(C) THREE OR MORE MONTHLY PAYMENTS: 6 545,909.18
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 1,684,071.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 93,164,084.59
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,156
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 14
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,904,891.17
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,092,993.58
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.13211230 % 1.86788770 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.12948040 % 1.87051960 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33898266
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 281.19
POOL TRADING FACTOR: 36.04591025
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS1(POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4194
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FAG8 52,015,000.00 0.00 6.000000 % 0.00
A-I-2 76110FAH6 67,186,000.00 0.00 6.250000 % 0.00
A-I-3 76110FAJ2 22,562,000.00 0.00 6.750000 % 0.00
A-I-4 76110FAK9 31,852,000.00 29,898,048.78 6.900000 % 3,962,827.35
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 8,663,358.16 5.277500 % 214,094.98
R 0.53 1,478,421.06 0.000000 % 0.00
- -------------------------------------------------------------------------------
255,942,104.53 92,991,964.00 4,176,922.33
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 0.00 0.00 0.00 0.00 0.00
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 171,913.78 4,134,741.13 0.00 0.00 25,935,221.43
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 38,100.73 252,195.71 0.00 0.00 8,449,263.18
R 6,160.48 6,160.48 118,439.12 0.00 1,596,860.18
- -------------------------------------------------------------------------------
524,504.99 4,701,427.32 118,439.12 0.00 88,933,480.79
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 938.655305 124.413768 5.397268 129.811036 0.000000 814.241537
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 294.923152 7.288348 1.297047 8.585395 0.000000 287.634805
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
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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
ADDITIONAL RELATED INFORMATION FOR POOL 4194
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 19,652.47
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 54,448.04
MASTER SERVICER ADVANCES THIS MONTH 865.83
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,857,645.03
(B) TWO MONTHLY PAYMENTS: 7 705,729.55
(C) THREE OR MORE MONTHLY PAYMENTS: 5 464,179.04
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,794,383.87
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 88,933,480.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 913
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 106,989.45
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,849,824.20
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.41016260 % 1.58983740 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.20443310 % 1.79556690 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,056,881.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,229,822.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.96672600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 292.48
POOL TRADING FACTOR: 34.74749923
................................................................................
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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 0.00 7.050000 % 0.00
A-4 76110FAV5 15,000,000.00 1,978,401.77 7.050000 % 1,978,401.77
A-5 76110FAW3 14,000,000.00 14,000,000.00 7.350000 % 42,618.80
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 178,007.00 104,293.72 0.000000 % 132.11
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 86,135,220.67 2,021,152.68
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 11,623.11 1,990,024.88 0.00 0.00 0.00
A-5 85,750.00 128,368.80 0.00 0.00 13,957,381.20
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 0.00 132.11 0.00 0.00 104,161.61
R 76,713.59 76,713.59 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
594,712.18 2,615,864.86 0.00 0.00 84,114,067.99
===============================================================================
_______________________________________________________________________________
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-4 131.893451 131.893451 0.774874 132.668325 0.000000 0.000000
A-5 1000.000000 3.044200 6.125000 9.169200 0.000000 996.955800
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-10 585.896734 0.742162 0.000000 0.742162 0.000000 585.154573
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
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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
ADDITIONAL RELATED INFORMATION FOR POOL 4201
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 17,778.11
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 841.65
SUBSERVICER ADVANCES THIS MONTH 54,017.84
MASTER SERVICER ADVANCES THIS MONTH 1,429.87
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 3,449,033.81
(B) TWO MONTHLY PAYMENTS: 6 545,622.75
(C) THREE OR MORE MONTHLY PAYMENTS: 7 1,181,210.72
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,652,838.23
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 84,114,067.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 911
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 183,007.29
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,784,473.32
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.88807160 % 2.11192840 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.83732470 % 2.16267530 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81566543
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 297.30
POOL TRADING FACTOR: 46.23902607
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3(POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FBC6 42,855,000.00 0.00 6.780000 % 0.00
A-I-2 76110FBD4 26,000,000.00 0.00 7.150000 % 0.00
A-I-3 76110FBE2 10,596,000.00 0.00 7.290000 % 0.00
A-I-4 76110FBF9 25,000,000.00 0.00 7.250000 % 0.00
A-I-5 76110FBG7 18,587,000.00 0.00 7.460000 % 0.00
A-I-6 76110FBH5 21,696,000.00 12,911,544.88 7.750000 % 5,603,926.49
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 9,240,430.94 7.750000 % 56,326.14
A-P 76110FBQ5 1,166,695.86 796,612.96 0.000000 % 10,948.05
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 12,090,854.48 7.750000 % 13,258.36
M-2 76110FBU6 5,568,000.00 5,373,498.62 7.750000 % 5,892.37
M-3 76110FBV4 4,176,000.00 4,030,123.97 7.750000 % 4,419.28
B-1 1,809,600.00 1,746,387.03 7.750000 % 1,915.02
B-2 696,000.00 671,687.32 7.750000 % 736.55
B-3 1,670,738.96 1,445,309.68 7.750000 % 1,584.87
A-V 76110FHY2 0.00 0.00 0.693113 % 0.00
STRIP 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 133,810,011.88 5,699,007.13
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 0.00 0.00 0.00 0.00 0.00
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 0.00 0.00 0.00 0.00 0.00
A-I-6 82,727.67 5,686,654.16 0.00 0.00 7,307,618.39
A-I-7 51,559.25 51,559.25 0.00 0.00 8,047,000.00
A-I-8 111,717.05 111,717.05 0.00 0.00 17,436,000.00
A-I-9 161,110.64 161,110.64 0.00 0.00 25,145,000.00
A-I-10 121,738.00 121,738.00 0.00 0.00 19,000,000.00
A-I-11 101,718.91 101,718.91 0.00 0.00 15,875,562.00
A-II 59,205.87 115,532.01 0.00 0.00 9,184,104.80
A-P 0.00 10,948.05 0.00 0.00 785,664.91
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 77,469.29 90,727.65 0.00 0.00 12,077,596.12
M-2 34,429.43 40,321.80 0.00 0.00 5,367,606.25
M-3 25,822.06 30,241.34 0.00 0.00 4,025,704.69
B-1 11,189.56 13,104.58 0.00 0.00 1,744,472.01
B-2 4,303.68 5,040.23 0.00 0.00 670,950.77
B-3 9,260.48 10,845.35 0.00 0.00 1,443,724.81
A-V 76,676.74 76,676.74 0.00 0.00 0.00
STRIP 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
928,928.63 6,627,935.76 0.00 0.00 128,111,004.75
===============================================================================
Run: 05/26/99 13:57:26
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3(POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-6 595.111766 258.293072 3.813038 262.106110 0.000000 336.818694
A-I-7 1000.000000 0.000000 6.407264 6.407264 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.407264 6.407264 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.407263 6.407263 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.407263 6.407263 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.407264 6.407264 0.000000 1000.000000
A-II 449.624544 2.740740 2.880863 5.621603 0.000000 446.883804
A-P 682.794023 9.383809 0.000000 9.383809 0.000000 673.410214
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-1 965.068003 1.058256 6.183445 7.241701 0.000000 964.009747
M-2 965.067999 1.058256 6.183446 7.241702 0.000000 964.009743
M-3 965.068000 1.058257 6.183443 7.241700 0.000000 964.009744
B-1 965.067987 1.058256 6.183444 7.241700 0.000000 964.009731
B-2 965.067989 1.058261 6.183448 7.241709 0.000000 964.009727
B-3 865.072112 0.948604 5.542745 6.491349 0.000000 864.123508
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-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:57:27 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4211
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 27,325.59
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 765.81
SUBSERVICER ADVANCES THIS MONTH 43,607.55
MASTER SERVICER ADVANCES THIS MONTH 4,085.54
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 3,050,646.41
(B) TWO MONTHLY PAYMENTS: 4 524,384.22
(C) THREE OR MORE MONTHLY PAYMENTS: 5 1,054,094.93
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 813,141.81
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 128,111,004.75
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,355
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 504,982.02
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,548,094.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 80.93585960 % 16.06343000 % 2.88721600 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 80.10603810 % 16.75961179 % 3.03093450 %
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 8.72380100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 297.77
POOL TRADING FACTOR: 46.01610128
................................................................................
Run: 05/26/99 13:57:28 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4(POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FBW2 45,914,000.00 0.00 6.850000 % 0.00
A-I-2 76110FBX0 26,945,000.00 0.00 11.000000 % 0.00
A-I-3 76110FBY8 15,646,000.00 0.00 7.300000 % 0.00
A-I-4 76110FBZ5 32,740,000.00 0.00 7.500000 % 0.00
A-I-5 76110FCA9 10,023,000.00 0.00 7.700000 % 0.00
A-I-6 76110FCB7 26,811,000.00 22,819,810.83 8.000000 % 4,094,629.28
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 3,190,120.42 7.250000 % 421,367.40
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 1,869,344.74 0.000000 % 13,716.51
A-V-1 0.00 0.00 0.941480 % 0.00
A-V-2 0.00 0.00 0.377740 % 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 12,777,026.63 8.000000 % 33,382.82
M-2 76110FCN1 5,570,800.00 5,379,861.66 8.000000 % 14,056.08
M-3 76110FCP6 4,456,600.00 4,303,850.71 8.000000 % 11,244.76
B-1 76110FCR2 2,228,400.00 2,152,021.94 8.000000 % 5,622.63
B-2 76110FCS0 696,400.00 673,866.83 8.000000 % 1,760.63
B-3 76110FCT8 1,671,255.97 1,035,375.69 8.000000 % 2,705.15
STRIP 0.00 0.00 0.207321 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 127,743,279.45 4,598,485.26
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 0.00 0.00 0.00 0.00 0.00
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 0.00 0.00 0.00 0.00 0.00
A-I-6 151,871.32 4,246,500.60 0.00 0.00 18,725,181.55
A-I-7 120,100.47 120,100.47 0.00 0.00 18,046,000.00
A-I-8 60,522.76 60,522.76 0.00 0.00 9,094,000.00
A-I-9 68,442.49 68,442.49 0.00 0.00 10,284,000.00
A-I-10 180,981.10 180,981.10 0.00 0.00 27,538,000.00
A-II-1 19,240.61 440,608.01 0.00 0.00 2,768,753.02
A-II-2 54,603.75 54,603.75 0.00 0.00 8,580,000.00
A-P 0.00 13,716.51 0.00 0.00 1,855,628.23
A-V-1 67,948.70 67,948.70 0.00 0.00 0.00
A-V-2 12,880.22 12,880.22 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 85,034.18 118,417.00 0.00 0.00 12,743,643.81
M-2 35,804.27 49,860.35 0.00 0.00 5,365,805.58
M-3 28,643.16 39,887.92 0.00 0.00 4,292,605.95
B-1 14,322.22 19,944.85 0.00 0.00 2,146,399.31
B-2 4,484.75 6,245.38 0.00 0.00 672,106.20
B-3 6,890.67 9,595.82 0.00 0.00 852,220.55
STRIP 6,779.52 6,779.52 0.00 0.00 0.00
- -------------------------------------------------------------------------------
918,550.19 5,517,035.45 0.00 0.00 122,964,344.20
===============================================================================
Run: 05/26/99 13:57:28
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-6 851.136132 152.721990 5.664515 158.386505 0.000000 698.414142
A-I-7 1000.000000 0.000000 6.655240 6.655240 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.655241 6.655241 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.655240 6.655240 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.572050 6.572050 0.000000 1000.000000
A-II-1 199.121180 26.300943 1.200962 27.501905 0.000000 172.820237
A-II-2 1000.000000 0.000000 6.364073 6.364073 0.000000 1000.000000
A-P 614.989267 4.512548 0.000000 4.512548 0.000000 610.476719
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-1 965.725152 2.523171 6.427133 8.950304 0.000000 963.201981
M-2 965.725149 2.523171 6.427133 8.950304 0.000000 963.201978
M-3 965.725151 2.523170 6.427133 8.950303 0.000000 963.201981
B-1 965.725157 2.523169 6.427132 8.950301 0.000000 963.201988
B-2 967.643352 2.528188 6.439905 8.968093 0.000000 965.115164
B-3 619.519516 1.618633 4.123049 5.741682 0.000000 509.928202
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:57:29 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4216
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 25,976.10
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 46,026.72
MASTER SERVICER ADVANCES THIS MONTH 5,806.50
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,325,597.21
(B) TWO MONTHLY PAYMENTS: 9 870,968.09
(C) THREE OR MORE MONTHLY PAYMENTS: 4 421,126.94
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 770,722.95
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 122,964,344.20
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,416
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 710,192.77
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,737,205.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 79.08859880 % 17.58271700 % 3.02267520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 78.47158960 % 18.21833434 % 3.03093470 %
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 8.96269400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 289.23
POOL TRADING FACTOR: 44.14669384
................................................................................
Run: 05/26/99 13:53:13 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS6(POOL # 4220)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4220
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110FCQ4 138,145,180.00 53,794,028.75 5.272500 % 1,775,405.72
R 973,833.13 2,794,859.53 0.000000 % 78,592.89
- -------------------------------------------------------------------------------
139,119,013.13 56,588,888.28 1,853,998.61
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 228,342.52 2,003,748.24 0.00 0.00 52,018,623.03
R 96,776.57 175,369.46 0.00 0.00 2,716,266.64
- -------------------------------------------------------------------------------
325,119.09 2,179,117.70 0.00 0.00 54,734,889.67
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 389.402140 12.851738 1.652917 14.504655 0.000000 376.550402
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:53:13 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS6 (POOL # 4220)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4220
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 17,194.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 15,733.16
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 10 1,285,859.94
(B) TWO MONTHLY PAYMENTS: 2 275,842.89
(C) THREE OR MORE MONTHLY PAYMENTS: 2 354,874.51
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 254,269.14
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 54,734,889.67
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 680
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,733,006.96
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.06111600 % 4.93888400 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.03741280 % 4.96258720 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 714,117.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,337,073.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.40427212
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 252.80
POOL TRADING FACTOR: 39.34393182
................................................................................
Run: 05/26/99 13:57:31 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-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 0.00 9.500000 % 0.00
A-I-2 76110FCV3 25,000,000.00 0.00 7.600000 % 0.00
A-I-3 76110FCW1 12,373,000.00 0.00 6.650000 % 0.00
A-I-4 76110FCX9 7,100,000.00 0.00 7.450000 % 0.00
A-I-5 76110FCY7 10,137,000.00 0.00 7.600000 % 0.00
A-I-6 76110FCZ4 5,558,000.00 0.00 7.800000 % 0.00
A-I-7 76110FDA8 16,926,000.00 13,003,102.54 8.000000 % 1,884,799.81
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 2,388,679.93 8.000000 % 72,445.65
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 757,164.36 0.000000 % 5,484.04
A-V-1 796QS5AV1 0.00 0.00 1.019832 % 0.00
A-V-2 796QS5AV2 0.00 0.00 0.392782 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,650,093.87 8.000000 % 146,002.93
M-2 76110FDK6 3,958,800.00 3,829,085.64 8.000000 % 73,078.54
M-3 76110FDL4 2,815,100.00 2,726,174.09 8.000000 % 52,029.35
B-1 76110FDM2 1,407,600.00 1,363,135.45 8.000000 % 13,091.98
B-2 76110FDN0 439,800.00 425,907.20 8.000000 % 0.00
B-3 76110FDP5 1,055,748.52 854,570.82 8.000000 % 0.00
- -------------------------------------------------------------------------------
175,944,527.21 78,136,913.90 2,246,932.30
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 0.00 0.00 0.00 0.00 0.00
A-I-6 0.00 0.00 0.00 0.00 0.00
A-I-7 86,655.41 1,971,455.22 0.00 0.00 11,118,302.73
A-I-8 45,876.42 45,876.42 0.00 0.00 6,884,000.00
A-I-9 74,832.42 74,832.42 0.00 0.00 11,229,000.00
A-I-10 149,951.40 149,951.40 0.00 0.00 22,501,000.00
A-II-1 15,918.66 88,364.31 0.00 0.00 2,316,234.28
A-II-2 30,155.56 30,155.56 0.00 0.00 4,525,000.00
A-P 0.00 5,484.04 0.00 0.00 751,680.32
A-V-1 47,933.15 47,933.15 0.00 0.00 0.00
A-V-2 7,102.60 7,102.60 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 50,981.84 196,984.77 0.00 0.00 7,504,090.94
M-2 25,517.83 98,596.37 0.00 0.00 3,756,007.10
M-3 36,971.66 89,001.01 0.00 0.00 2,674,144.74
B-1 36,175.32 49,267.30 0.00 0.00 1,350,043.47
B-2 0.00 0.00 0.00 0.00 425,907.20
B-3 0.00 0.00 0.00 0.00 799,326.56
- -------------------------------------------------------------------------------
608,072.27 2,855,004.57 0.00 0.00 75,834,737.34
===============================================================================
Run: 05/26/99 13:57:31
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 768.232455 111.355300 5.119663 116.474963 0.000000 656.877155
A-I-8 1000.000000 0.000000 6.664210 6.664210 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.664211 6.664211 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.664210 6.664210 0.000000 1000.000000
A-II-1 214.001069 6.490383 1.426148 7.916531 0.000000 207.510686
A-II-2 1000.000000 0.000000 6.664212 6.664212 0.000000 1000.000000
A-P 684.672168 4.958984 0.000000 4.958984 0.000000 679.713184
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-1 966.103917 18.438205 6.438320 24.876525 0.000000 947.665712
M-2 967.233919 18.459771 6.445850 24.905621 0.000000 948.774149
M-3 968.411101 18.482239 13.133338 31.615577 0.000000 949.928862
B-1 968.411090 9.300924 25.700000 35.000924 0.000000 959.110166
B-2 968.411096 0.000000 0.000000 0.000000 0.000000 968.411096
B-3 809.445435 0.000000 0.000000 0.000000 0.000000 757.118329
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:57:32 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4222
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 15,997.26
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 360.10
SUBSERVICER ADVANCES THIS MONTH 26,586.16
MASTER SERVICER ADVANCES THIS MONTH 1,608.76
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 1,963,160.22
(B) TWO MONTHLY PAYMENTS: 3 179,601.37
(C) THREE OR MORE MONTHLY PAYMENTS: 9 590,763.71
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 563,164.36
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 75,834,737.34
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 874
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 199,995.43
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,883,050.69
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 78.22561180 % 18.18008000 % 3.38330930 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 78.01165710 % 18.37448545 % 3.42990460 %
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 9.09895400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 294.47
POOL TRADING FACTOR: 43.10150395
................................................................................
Run: 05/26/99 13:57:33 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 0.00 0.000000 % 0.00
A-I-3 76110FDS9 0.00 0.00 0.000000 % 0.00
A-I-4 76110FDT7 13,330,948.00 0.00 7.125000 % 0.00
A-I-5 76110FDU4 24,973,716.00 0.00 7.600000 % 0.00
A-I-6 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I-7 76110FDW0 1,000,000.00 0.00 7.700000 % 0.00
A-I-8 76110FDX8 9,539,699.00 0.00 7.700000 % 0.00
A-I-9 76110FDY6 22,526,000.00 22,128,748.00 8.000000 % 2,244,816.80
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 10,424,517.05 8.000000 % 476,491.09
A-P 76110FED1 601,147.92 334,761.56 0.000000 % 723.28
A-V-1 796QS7AV1 0.00 0.00 0.893815 % 0.00
A-V-2 796QS7AV2 0.00 0.00 0.502360 % 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 8,808,773.43 8.000000 % 60,416.51
M-2 76110FEH2 5,126,400.00 4,954,391.43 8.000000 % 33,980.56
M-3 76110FEJ8 3,645,500.00 3,523,180.77 8.000000 % 24,164.35
B-1 1,822,700.00 1,761,542.07 8.000000 % 12,081.84
B-2 569,600.00 550,487.96 8.000000 % 3,775.62
B-3 1,366,716.75 1,111,512.29 8.000000 % 7,623.41
- -------------------------------------------------------------------------------
227,839,864.67 104,287,914.56 2,864,073.46
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 0.00 0.00 0.00 0.00 0.00
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 0.00 0.00 0.00 0.00 0.00
A-I-6 0.00 0.00 0.00 0.00 0.00
A-I-7 0.00 0.00 0.00 0.00 0.00
A-I-8 0.00 0.00 0.00 0.00 0.00
A-I-9 147,490.36 2,392,307.16 0.00 0.00 19,883,931.20
A-I-10 77,648.44 77,648.44 0.00 0.00 11,650,000.00
A-I-11 202,759.06 202,759.06 0.00 0.00 30,421,000.00
A-I-12 57,446.51 57,446.51 0.00 0.00 8,619,000.00
A-II 69,480.47 545,971.56 0.00 0.00 9,948,025.96
A-P 0.00 723.28 0.00 0.00 334,038.28
A-V-1 60,560.77 60,560.77 0.00 0.00 0.00
A-V-2 9,610.56 9,610.56 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 58,711.38 119,127.89 0.00 0.00 8,748,356.92
M-2 33,021.53 67,002.09 0.00 0.00 4,920,410.87
M-3 23,482.36 47,646.71 0.00 0.00 3,499,016.42
B-1 11,740.85 23,822.69 0.00 0.00 1,749,460.23
B-2 3,669.06 7,444.68 0.00 0.00 546,712.34
B-3 7,408.34 15,031.75 0.00 0.00 1,082,046.72
- -------------------------------------------------------------------------------
763,029.69 3,627,103.15 0.00 0.00 101,401,998.94
===============================================================================
Run: 05/26/99 13:57:33
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-9 982.364734 99.654479 6.547561 106.202040 0.000000 882.710255
A-I-10 1000.000000 0.000000 6.665102 6.665102 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.665102 6.665102 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.665102 6.665102 0.000000 1000.000000
A-II 518.529499 23.701308 3.456052 27.157360 0.000000 494.828191
A-P 556.870529 1.203169 0.000000 1.203169 0.000000 555.667360
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-1 966.446518 6.628542 6.441465 13.070007 0.000000 959.817976
M-2 966.446518 6.628542 6.441466 13.070008 0.000000 959.817976
M-3 966.446515 6.628542 6.441465 13.070007 0.000000 959.817973
B-1 966.446519 6.628540 6.441460 13.070000 0.000000 959.817979
B-2 966.446559 6.628546 6.441468 13.070014 0.000000 959.818013
B-3 813.271872 5.577900 5.420538 10.998438 0.000000 791.712491
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:57:36 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4228
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 21,351.24
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 51,408.39
MASTER SERVICER ADVANCES THIS MONTH 2,353.05
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,804,474.45
(B) TWO MONTHLY PAYMENTS: 11 1,835,891.66
(C) THREE OR MORE MONTHLY PAYMENTS: 1 137,900.89
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 1,258,304.11
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 101,401,998.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,127
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 284,552.52
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,621,766.19
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 80.07767220 % 16.57559800 % 3.28277950 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 79.67110110 % 16.93041990 % 3.34252250 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,279,136.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,637,912.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.10977500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 296.50
POOL TRADING FACTOR: 44.50581951
................................................................................
Run: 05/26/99 13:53:23 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-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 4,000,000.00 662,459.73 7.400000 % 139,085.81
A-2 76110FEL3 4,074,824.00 0.00 7.300000 % 0.00
A-3 76110FEM1 13,128,206.00 2,327,540.80 7.050000 % 1,177,834.90
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 104,737.25 7.400000 % 104,737.25
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 463,237.04
A-7 76110FER0 31,579,563.00 7,355,855.53 5.406250 % 1,108,570.59
A-8 76110FES8 0.00 0.00 3.593750 % 0.00
A-9 76110FET6 32,965,000.00 0.00 0.000000 % 0.00
A-10 76110FEU3 20,953,719.00 13,407,227.65 7.400000 % 896,451.58
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 78,818.05 0.000000 % 10,120.62
A-15-1 96QS8A151 0.00 0.00 1.000539 % 0.00
A-15-2 96QS8A152 0.00 0.00 0.559401 % 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 6,396,092.03 7.750000 % 4,705.12
M-2 76110FFC2 4,440,700.00 4,264,093.38 7.750000 % 3,136.77
M-3 76110FFD0 3,108,500.00 2,984,874.97 7.750000 % 2,195.74
B-1 1,509,500.00 1,449,467.18 7.750000 % 1,066.26
B-2 444,000.00 426,342.13 7.750000 % 313.63
B-3 1,154,562.90 1,009,267.22 7.750000 % 742.44
- -------------------------------------------------------------------------------
177,623,205.60 83,454,381.92 3,912,197.75
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 4,068.68 143,154.49 0.00 0.00 523,373.92
A-2 0.00 0.00 0.00 0.00 0.00
A-3 13,619.10 1,191,454.00 0.00 0.00 1,149,705.90
A-4 22,812.19 22,812.19 0.00 0.00 3,765,148.00
A-5 643.27 105,380.52 0.00 0.00 0.00
A-6 15,971.69 479,208.73 0.00 0.00 2,137,262.96
A-7 33,005.88 1,141,576.47 0.00 0.00 6,247,284.94
A-8 21,940.32 21,940.32 0.00 0.00 0.00
A-9 0.00 0.00 0.00 0.00 0.00
A-10 82,344.15 978,795.73 0.00 0.00 12,510,776.07
A-11 89,890.88 89,890.88 0.00 0.00 13,975,000.00
A-12 12,864.53 12,864.53 0.00 0.00 2,000,000.00
A-13 132,806.67 132,806.67 0.00 0.00 20,646,958.00
A-14 0.00 10,120.62 0.00 0.00 68,697.43
A-15-1 54,787.81 54,787.81 0.00 0.00 0.00
A-15-2 8,114.84 8,114.84 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 41,141.34 45,846.46 0.00 0.00 6,391,386.91
M-2 27,427.77 30,564.54 0.00 0.00 4,260,956.61
M-3 19,199.50 21,395.24 0.00 0.00 2,982,679.23
B-1 9,323.35 10,389.61 0.00 0.00 1,448,400.92
B-2 2,742.35 3,055.98 0.00 0.00 426,028.50
B-3 6,491.87 7,234.31 0.00 0.00 963,684.20
- -------------------------------------------------------------------------------
599,196.19 4,511,393.94 0.00 0.00 79,497,343.59
===============================================================================
Run: 05/26/99 13:53:23
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-1 165.614933 34.771453 1.017170 35.788623 0.000000 130.843480
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 177.293135 89.717887 1.037392 90.755279 0.000000 87.575248
A-4 1000.000000 0.000000 6.058776 6.058776 0.000000 1000.000000
A-5 9.974976 9.974976 0.061264 10.036240 0.000000 0.000000
A-6 1000.000000 178.133837 6.141777 184.275614 0.000000 821.866164
A-7 232.930884 35.104051 1.045166 36.149217 0.000000 197.826833
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-10 639.849549 42.782457 3.929811 46.712268 0.000000 597.067092
A-11 1000.000000 0.000000 6.432263 6.432263 0.000000 1000.000000
A-12 1000.000000 0.000000 6.432265 6.432265 0.000000 1000.000000
A-13 1000.000000 0.000000 6.432263 6.432263 0.000000 1000.000000
A-14 680.494316 87.378772 0.000000 87.378772 0.000000 593.115544
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-1 960.230000 0.706368 6.176451 6.882819 0.000000 959.523632
M-2 960.230004 0.706368 6.176452 6.882820 0.000000 959.523636
M-3 960.230005 0.706366 6.176452 6.882818 0.000000 959.523638
B-1 960.229997 0.706366 6.176449 6.882815 0.000000 959.523630
B-2 960.230023 0.706374 6.176464 6.882838 0.000000 959.523649
B-3 874.155250 0.643049 5.622795 6.265844 0.000000 834.674490
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:53:24 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4231
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 17,019.55
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,888.70
MASTER SERVICER ADVANCES THIS MONTH 1,423.83
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 2,918,647.70
(B) TWO MONTHLY PAYMENTS: 4 352,704.81
(C) THREE OR MORE MONTHLY PAYMENTS: 6 670,839.68
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 505,715.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 79,497,343.59
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 875
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 180,403.40
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,797,198.60
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 80.17388290 % 16.36577900 % 3.46033830 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 79.26045930 % 17.15154511 % 3.57316130 %
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 8.98558877
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 317.60
POOL TRADING FACTOR: 44.75616985
................................................................................
Run: 05/26/99 13:53:36 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 0.00 6.750000 % 0.00
A-4 76110FFH1 15,938,000.00 0.00 6.750000 % 0.00
A-5 76110FFJ7 10,253,000.00 2,584,022.71 6.750000 % 723,760.56
A-6 76110FFK4 31,511,646.00 11,469,797.69 11.000000 % 814,230.58
A-7 76110FFL2 17,652,000.00 15,950,348.75 6.750000 % 3,075,982.29
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 212,947.62 129,592.91 0.000000 % 151.10
A-13-1 0.00 0.00 1.018931 % 0.00
A-13-2 0.00 0.00 0.658077 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,187,559.01 7.500000 % 14,260.77
M-2 76110FFW8 6,251,000.00 6,124,712.75 7.500000 % 9,506.68
M-3 76110FFW8 4,375,700.00 4,287,298.92 7.500000 % 6,654.67
B-1 1,624,900.00 1,592,072.58 7.500000 % 2,471.19
B-2 624,800.00 612,177.34 7.500000 % 950.21
B-3 1,500,282.64 1,396,344.43 7.500000 % 2,167.38
- -------------------------------------------------------------------------------
250,038,730.26 135,831,281.09 4,650,135.43
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00
A-5 14,495.63 738,256.19 0.00 0.00 1,860,262.15
A-6 104,854.10 919,084.68 0.00 0.00 10,655,567.11
A-7 89,476.90 3,165,459.19 0.00 0.00 12,874,366.46
A-8 31,726.24 31,726.24 0.00 0.00 5,655,589.00
A-9 106,966.04 106,966.04 0.00 0.00 19,068,000.00
A-10 57,599.23 57,599.23 0.00 0.00 10,267,765.00
A-11 296,105.67 296,105.67 0.00 0.00 47,506,000.00
A-12 0.00 151.10 0.00 0.00 129,441.81
A-13-1 90,937.71 90,937.71 0.00 0.00 0.00
A-13-2 15,554.96 15,554.96 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,266.20 71,526.97 0.00 0.00 9,173,298.24
M-2 38,175.43 47,682.11 0.00 0.00 6,115,206.07
M-3 26,722.81 33,377.48 0.00 0.00 4,280,644.25
B-1 9,923.41 12,394.60 0.00 0.00 1,589,601.39
B-2 3,815.71 4,765.92 0.00 0.00 611,227.13
B-3 8,703.43 10,870.81 0.00 0.00 1,366,222.43
- -------------------------------------------------------------------------------
952,323.47 5,602,458.90 0.00 0.00 131,153,191.04
===============================================================================
Run: 05/26/99 13:53:36
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-5 252.026013 70.590126 1.413794 72.003920 0.000000 181.435887
A-6 363.985991 25.839037 3.327471 29.166508 0.000000 338.146954
A-7 903.600088 174.256871 5.068938 179.325809 0.000000 729.343217
A-8 1000.000000 0.000000 5.609715 5.609715 0.000000 1000.000000
A-9 1000.000000 0.000000 5.609715 5.609715 0.000000 1000.000000
A-10 1000.000000 0.000000 5.609714 5.609714 0.000000 1000.000000
A-11 1000.000000 0.000000 6.233016 6.233016 0.000000 1000.000000
A-12 608.567074 0.709564 0.000000 0.709564 0.000000 607.857510
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-1 979.797271 1.520824 6.107092 7.627916 0.000000 978.276447
M-2 979.797272 1.520825 6.107092 7.627917 0.000000 978.276447
M-3 979.797271 1.520824 6.107094 7.627918 0.000000 978.276447
B-1 979.797268 1.520826 6.107090 7.627916 0.000000 978.276442
B-2 979.797279 1.520823 6.107090 7.627913 0.000000 978.276457
B-3 930.720914 1.444648 5.801194 7.245842 0.000000 910.643364
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:53:37 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4237
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 28,038.93
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 34,735.45
MASTER SERVICER ADVANCES THIS MONTH 1,492.29
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 2,480,081.49
(B) TWO MONTHLY PAYMENTS: 7 525,397.03
(C) THREE OR MORE MONTHLY PAYMENTS: 3 197,738.66
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,182,860.31
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 131,153,191.04
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,368
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 181,748.50
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,303,801.53
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 82.90355460 % 14.44313000 % 2.65331580 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.34198030 % 14.92083296 % 2.72244610 %
BANKRUPTCY AMOUNT AVAILABLE 182,005.00
FRAUD AMOUNT AVAILABLE 1,451,267.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,451,267.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.76696149
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 322.56
POOL TRADING FACTOR: 52.45315032
................................................................................
Run: 05/26/99 13:53:43 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 8,746,901.19 9.000000 % 799,030.08
A-2 76110FFZ1 37,000,000.00 0.00 7.250000 % 0.00
A-3 76110FGA5 5,200,000.00 0.00 7.250000 % 0.00
A-4 76110FGB3 18,200,000.00 12,183,159.19 7.250000 % 1,722,890.47
A-5 76110FGC1 10,000,000.00 2,312,665.22 7.250000 % 274,684.85
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 130,561.76 106,811.61 0.000000 % 15,924.96
A-10-1 97QS2A101 0.00 0.00 0.803918 % 0.00
A-10-2 97QS2A102 0.00 0.00 0.452188 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,814,949.64 7.750000 % 6,309.98
M-2 76110FGL1 4,109,600.00 4,012,392.95 7.750000 % 5,258.23
M-3 76110FGM9 2,630,200.00 2,567,986.16 7.750000 % 3,365.34
B-1 1,068,500.00 1,043,226.06 7.750000 % 1,367.14
B-2 410,900.00 401,180.73 7.750000 % 525.75
B-3 821,738.81 796,643.26 7.750000 % 1,044.00
- -------------------------------------------------------------------------------
164,383,983.57 85,758,129.01 2,830,400.80
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 65,578.30 864,608.38 0.00 0.00 7,947,871.11
A-2 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 73,580.27 1,796,470.74 0.00 0.00 10,460,268.72
A-5 13,967.35 288,652.20 0.00 0.00 2,037,980.37
A-6 44,519.80 44,519.80 0.00 0.00 7,371,430.00
A-7 67,147.70 67,147.70 0.00 0.00 10,400,783.00
A-8 200,136.74 200,136.74 0.00 0.00 31,000,000.00
A-9 0.00 15,924.96 0.00 0.00 90,886.65
A-10-1 45,543.64 45,543.64 0.00 0.00 0.00
A-10-2 6,686.70 6,686.70 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,085.43 37,395.41 0.00 0.00 4,808,639.66
M-2 25,904.10 31,162.33 0.00 0.00 4,007,134.72
M-3 16,578.98 19,944.32 0.00 0.00 2,564,620.82
B-1 6,735.09 8,102.23 0.00 0.00 1,041,858.92
B-2 2,590.03 3,115.78 0.00 0.00 400,654.98
B-3 5,143.15 6,187.15 0.00 0.00 774,037.69
- -------------------------------------------------------------------------------
605,197.28 3,435,598.08 0.00 0.00 82,906,166.64
===============================================================================
Run: 05/26/99 13:53:43
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-1 281.173361 25.685208 2.108046 27.793254 0.000000 255.488154
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-4 669.404351 94.664312 4.042872 98.707184 0.000000 574.740040
A-5 231.266522 27.468485 1.396735 28.865220 0.000000 203.798037
A-6 1000.000000 0.000000 6.039507 6.039507 0.000000 1000.000000
A-7 1000.000000 0.000000 6.456024 6.456024 0.000000 1000.000000
A-8 1000.000000 0.000000 6.456024 6.456024 0.000000 1000.000000
A-9 818.092602 121.972620 0.000000 121.972620 0.000000 696.119982
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-1 976.346346 1.279500 6.303315 7.582815 0.000000 975.066847
M-2 976.346348 1.279499 6.303314 7.582813 0.000000 975.066848
M-3 976.346346 1.279500 6.303315 7.582815 0.000000 975.066847
B-1 976.346336 1.279495 6.303313 7.582808 0.000000 975.066841
B-2 976.346386 1.279508 6.303310 7.582818 0.000000 975.066878
B-3 969.460430 1.270477 6.258862 7.529339 0.000000 941.950995
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:53:43 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4240
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 17,688.76
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 30,570.38
MASTER SERVICER ADVANCES THIS MONTH 692.23
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 2,431,282.71
(B) TWO MONTHLY PAYMENTS: 6 801,523.28
(C) THREE OR MORE MONTHLY PAYMENTS: 3 197,278.19
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 392,971.41
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 82,906,166.64
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 930
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 83,968.94
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,696,864.09
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.07919550 % 13.30432400 % 2.61648050 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.58159650 % 13.72683802 % 2.67650070 %
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 8.80133560
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 322.80
POOL TRADING FACTOR: 50.43445526
................................................................................
Run: 05/26/99 13:53:47 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 0.00 7.500000 % 0.00
A-3 76110FGU1 16,821,000.00 12,900,837.10 7.500000 % 2,288,357.29
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 1,842,976.73 9.500000 % 326,908.18
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 72,524.84 0.000000 % 325.33
A-10-1 97QS3A101 0.00 0.00 0.805491 % 0.00
A-10-2 97QS3A102 0.00 0.00 0.518300 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,238,509.93 7.750000 % 3,866.26
M-2 76110FHE6 4,112,900.00 4,029,675.79 7.750000 % 2,974.08
M-3 76110FHF3 2,632,200.00 2,578,937.61 7.750000 % 1,903.37
B-1 1,069,400.00 1,047,760.77 7.750000 % 773.29
B-2 411,200.00 402,879.41 7.750000 % 297.34
B-3 823,585.68 573,512.69 7.750000 % 423.29
- -------------------------------------------------------------------------------
164,514,437.18 87,815,614.87 2,625,828.43
===============================================================================
_______________________________________________________________________________
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 80,167.47 2,368,524.76 0.00 0.00 10,612,479.81
A-4 150,835.56 150,835.56 0.00 0.00 23,490,000.00
A-5 45,835.00 45,835.00 0.00 0.00 7,138,000.00
A-6 6,421.26 6,421.26 0.00 0.00 1,000,000.00
A-7 14,506.49 341,414.67 0.00 0.00 1,516,068.55
A-8 176,584.85 176,584.85 0.00 0.00 27,500,000.00
A-9 0.00 325.33 0.00 0.00 72,199.51
A-10-1 44,888.70 44,888.70 0.00 0.00 0.00
A-10-2 8,827.32 8,827.32 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 33,637.87 37,504.13 0.00 0.00 5,234,643.67
M-2 25,875.62 28,849.70 0.00 0.00 4,026,701.71
M-3 16,560.05 18,463.42 0.00 0.00 2,577,034.24
B-1 6,727.95 7,501.24 0.00 0.00 1,046,987.48
B-2 2,587.00 2,884.34 0.00 0.00 402,582.07
B-3 3,682.68 4,105.97 0.00 0.00 573,089.40
- -------------------------------------------------------------------------------
617,137.82 3,242,966.25 0.00 0.00 85,189,786.44
===============================================================================
Run: 05/26/99 13:53:47
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 766.948285 136.041691 4.765916 140.807607 0.000000 630.906594
A-4 1000.000000 0.000000 6.421267 6.421267 0.000000 1000.000000
A-5 1000.000000 0.000000 6.421266 6.421266 0.000000 1000.000000
A-6 1000.000000 0.000000 6.421260 6.421260 0.000000 1000.000000
A-7 119.876202 21.263704 0.943573 22.207277 0.000000 98.612498
A-8 1000.000000 0.000000 6.421267 6.421267 0.000000 1000.000000
A-9 675.582922 3.030512 0.000000 3.030512 0.000000 672.552410
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-1 979.765076 0.723111 6.291333 7.014444 0.000000 979.041964
M-2 979.765078 0.723110 6.291332 7.014442 0.000000 979.041968
M-3 979.765067 0.723110 6.291334 7.014444 0.000000 979.041957
B-1 979.765074 0.723106 6.291332 7.014438 0.000000 979.041968
B-2 979.765102 0.723103 6.291342 7.014445 0.000000 979.041999
B-3 696.360687 0.513948 4.471520 4.985468 0.000000 695.846732
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:53:48 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 17,893.76
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 31,980.17
MASTER SERVICER ADVANCES THIS MONTH 1,328.89
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,444,291.26
(B) TWO MONTHLY PAYMENTS: 7 705,201.04
(C) THREE OR MORE MONTHLY PAYMENTS: 3 257,117.51
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 665,689.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 85,189,786.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 881
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 159,367.73
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,561,003.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.19103290 % 13.50205800 % 2.30690860 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.71542350 % 13.89647764 % 2.37631140 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 850,914.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,609,783.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.80640507
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 327.09
POOL TRADING FACTOR: 51.78255957
................................................................................
Run: 05/26/99 13:53:54 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 0.00 7.250000 % 0.00
A-3 76110FHM8 22,398,546.00 20,235,845.57 7.250000 % 4,414,601.34
A-4 76110FHN6 24,498,244.00 6,460,753.96 10.000000 % 981,022.39
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 155,284.33 120,831.93 0.000000 % 110.38
A-9-1 797QS4A91 0.00 0.00 0.809170 % 0.00
A-9-2 797QS4A92 0.00 0.00 0.517605 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,063,553.74 7.750000 % 5,290.01
M-2 76110FHW6 4,975,300.00 4,890,114.77 7.750000 % 3,662.28
M-3 76110FHX4 3,316,900.00 3,260,109.29 7.750000 % 2,441.55
B-1 1,216,200.00 1,195,376.69 7.750000 % 895.24
B-2 552,900.00 543,433.46 7.750000 % 406.99
B-3 995,114.30 948,561.57 7.750000 % 710.39
- -------------------------------------------------------------------------------
221,126,398.63 121,543,780.98 5,409,140.57
===============================================================================
_______________________________________________________________________________
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-3 121,262.92 4,535,864.26 0.00 0.00 15,821,244.23
A-4 53,401.31 1,034,423.70 0.00 0.00 5,479,731.57
A-5 109,570.05 109,570.05 0.00 0.00 17,675,100.00
A-6 45,801.80 45,801.80 0.00 0.00 7,150,100.00
A-7 333,099.30 333,099.30 0.00 0.00 52,000,000.00
A-8 0.00 110.38 0.00 0.00 120,721.55
A-9-1 64,048.51 64,048.51 0.00 0.00 0.00
A-9-2 11,029.42 11,029.42 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,247.40 50,537.41 0.00 0.00 7,058,263.73
M-2 31,324.88 34,987.16 0.00 0.00 4,886,452.49
M-3 20,883.46 23,325.01 0.00 0.00 3,257,667.74
B-1 7,657.29 8,552.53 0.00 0.00 1,194,481.45
B-2 3,481.10 3,888.09 0.00 0.00 543,026.47
B-3 6,076.26 6,786.65 0.00 0.00 947,701.18
- -------------------------------------------------------------------------------
852,883.70 6,262,024.27 0.00 0.00 116,134,490.41
===============================================================================
Run: 05/26/99 13:53:54
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 903.444606 197.093210 5.413875 202.507085 0.000000 706.351396
A-4 263.723145 40.044600 2.179802 42.224402 0.000000 223.678545
A-5 1000.000000 0.000000 6.199119 6.199119 0.000000 1000.000000
A-6 1000.000000 0.000000 6.405757 6.405757 0.000000 1000.000000
A-7 1000.000000 0.000000 6.405756 6.405756 0.000000 1000.000000
A-8 778.133441 0.710825 0.000000 0.710825 0.000000 777.422616
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-1 982.878376 0.736094 6.296079 7.032173 0.000000 982.142283
M-2 982.878373 0.736092 6.296079 7.032171 0.000000 982.142281
M-3 982.878377 0.736094 6.296078 7.032172 0.000000 982.142284
B-1 982.878383 0.736096 6.296078 7.032174 0.000000 982.142288
B-2 982.878387 0.736101 6.296075 7.032176 0.000000 982.142286
B-3 953.218711 0.713878 6.106093 6.819971 0.000000 952.354095
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:53:54 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4247
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 24,730.85
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 28,221.58
MASTER SERVICER ADVANCES THIS MONTH 2,091.35
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 2,446,158.19
(B) TWO MONTHLY PAYMENTS: 5 387,135.03
(C) THREE OR MORE MONTHLY PAYMENTS: 3 267,844.10
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 499,243.40
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 116,134,490.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,211
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 272,341.29
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,318,248.03
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.25719420 % 12.52957400 % 2.21323210 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.58149130 % 13.09032649 % 2.31456070 %
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 8.81851022
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 326.86
POOL TRADING FACTOR: 52.51950519
................................................................................
Run: 05/26/99 13:53:56 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS5(POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4248
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FHZ9 33,300,000.00 0.00 7.250000 % 0.00
A-2 76110FJA2 10,800,000.00 0.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 7,069,901.92 10.000000 % 659,937.72
A-4 76110FJC8 24,000,000.00 7,067,980.90 7.250000 % 1,759,833.93
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 340,158.57 227,989.62 0.000000 % 322.33
A-11-1 0.00 0.00 0.712777 % 0.00
A-11-2 0.00 0.00 0.340899 % 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 6,605,005.40 8.000000 % 4,784.79
M-2 76110FJP9 4,330,000.00 4,249,580.00 8.000000 % 3,078.48
M-3 76110FJQ7 2,886,000.00 2,832,399.06 8.000000 % 2,051.84
B-1 1,058,000.00 1,038,350.01 8.000000 % 752.20
B-2 481,000.00 472,066.51 8.000000 % 341.97
B-3 866,066.26 762,727.38 8.000000 % 0.00
- -------------------------------------------------------------------------------
192,360,424.83 107,938,091.80 2,431,103.26
===============================================================================
_______________________________________________________________________________
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 58,895.63 718,833.35 0.00 0.00 6,409,964.20
A-4 42,687.73 1,802,521.66 0.00 0.00 5,308,146.97
A-5 71,177.16 71,177.16 0.00 0.00 11,785,091.00
A-6 120,911.83 120,911.83 0.00 0.00 18,143,000.00
A-7 31,769.10 31,769.10 0.00 0.00 4,767,000.00
A-8 26,813.93 26,813.93 0.00 0.00 0.00
A-9 259,201.24 259,201.24 0.00 0.00 42,917,000.00
A-10 0.00 322.33 0.00 0.00 227,667.29
A-11-1 49,204.33 49,204.33 0.00 0.00 0.00
A-11-2 7,119.89 7,119.89 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 44,018.26 48,803.05 0.00 0.00 6,600,220.61
M-2 28,320.81 31,399.29 0.00 0.00 4,246,501.52
M-3 18,876.18 20,928.02 0.00 0.00 2,830,347.22
B-1 6,919.95 7,672.15 0.00 0.00 1,037,597.81
B-2 3,146.03 3,488.00 0.00 0.00 471,724.54
B-3 410.69 410.69 0.00 0.00 762,174.83
- -------------------------------------------------------------------------------
769,472.76 3,200,576.02 0.00 0.00 105,506,435.99
===============================================================================
Run: 05/26/99 13:53:56
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS5(POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4248
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 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-3 236.002383 22.029567 1.966012 23.995579 0.000000 213.972817
A-4 294.499204 73.326414 1.778655 75.105069 0.000000 221.172790
A-5 1000.000000 0.000000 6.039594 6.039594 0.000000 1000.000000
A-6 1000.000000 0.000000 6.664379 6.664379 0.000000 1000.000000
A-7 1000.000000 0.000000 6.664380 6.664380 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 6.039594 6.039594 0.000000 1000.000000
A-10 670.245115 0.947587 0.000000 0.947587 0.000000 669.297528
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-1 981.427251 0.710964 6.540603 7.251567 0.000000 980.716287
M-2 981.427252 0.710965 6.540603 7.251568 0.000000 980.716286
M-3 981.427256 0.710963 6.540603 7.251566 0.000000 980.716292
B-1 981.427231 0.710964 6.540595 7.251559 0.000000 980.716267
B-2 981.427256 0.710956 6.540603 7.251559 0.000000 980.716299
B-3 880.680169 0.000000 0.474202 0.474202 0.000000 880.042170
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:53:57 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS5 (POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4248
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 22,164.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,794.39
MASTER SERVICER ADVANCES THIS MONTH 2,361.74
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 2,516,697.06
(B) TWO MONTHLY PAYMENTS: 4 444,875.06
(C) THREE OR MORE MONTHLY PAYMENTS: 6 648,653.69
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 899,704.59
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 105,506,435.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,086
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 293,856.63
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,353,390.41
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.18232920 % 12.70724300 % 2.11042780 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.85110840 % 12.96325596 % 2.15760230 %
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 8.93315037
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 328.82
POOL TRADING FACTOR: 54.84830681
................................................................................
Run: 05/26/99 13:53:58 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 5,253,587.35 7.500000 % 1,847,485.82
A-2 76110FJS3 15,683,000.00 15,683,000.00 7.500000 % 0.00
A-3 76110FJT1 18,746,000.00 18,746,000.00 7.500000 % 0.00
A-4 76110FJU8 2,046,000.00 2,046,000.00 7.500000 % 0.00
A-5 76110FJV6 21,277,000.00 19,778,638.72 7.500000 % 74,327.82
A-6 76110FJW4 164,986.80 92,965.90 0.000000 % 407.08
A-7-1 0.00 0.00 0.849352 % 0.00
A-7-2 0.00 0.00 0.362116 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,467,471.79 7.500000 % 9,272.72
M-2 76110FKA0 1,061,700.00 986,932.94 7.500000 % 3,708.88
M-3 76110FKB8 690,100.00 641,501.76 7.500000 % 2,410.75
B-1 371,600.00 345,431.17 7.500000 % 1,298.13
B-2 159,300.00 148,081.76 7.500000 % 556.49
B-3 372,446.48 346,218.07 7.500000 % 1,301.08
- -------------------------------------------------------------------------------
106,172,633.28 66,535,829.46 1,940,768.77
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 32,756.82 1,880,242.64 0.00 0.00 3,406,101.53
A-2 97,785.62 97,785.62 0.00 0.00 15,683,000.00
A-3 116,883.83 116,883.83 0.00 0.00 18,746,000.00
A-4 12,757.09 12,757.09 0.00 0.00 2,046,000.00
A-5 123,322.47 197,650.29 0.00 0.00 19,704,310.90
A-6 0.00 407.08 0.00 0.00 92,558.82
A-7-1 38,851.26 38,851.26 0.00 0.00 0.00
A-7-2 3,466.33 3,466.33 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,385.02 24,657.74 0.00 0.00 2,458,199.07
M-2 6,153.66 9,862.54 0.00 0.00 983,224.06
M-3 3,999.85 6,410.60 0.00 0.00 639,091.01
B-1 2,153.81 3,451.94 0.00 0.00 344,133.04
B-2 923.31 1,479.80 0.00 0.00 147,525.27
B-3 2,158.71 3,459.79 0.00 0.00 344,916.99
- -------------------------------------------------------------------------------
456,597.78 2,397,366.55 0.00 0.00 64,595,060.69
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 122.330074 43.018810 0.762744 43.781554 0.000000 79.311264
A-2 1000.000000 0.000000 6.235135 6.235135 0.000000 1000.000000
A-3 1000.000000 0.000000 6.235134 6.235134 0.000000 1000.000000
A-4 1000.000000 0.000000 6.235137 6.235137 0.000000 1000.000000
A-5 929.578358 3.493341 5.796046 9.289387 0.000000 926.085017
A-6 563.474775 2.467349 0.000000 2.467349 0.000000 561.007426
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-1 929.577980 3.493339 5.796044 9.289383 0.000000 926.084641
M-2 929.577979 3.493341 5.796044 9.289385 0.000000 926.084638
M-3 929.577974 3.493334 5.796044 9.289378 0.000000 926.084640
B-1 929.577960 3.493353 5.796044 9.289397 0.000000 926.084607
B-2 929.577903 3.493346 5.796045 9.289391 0.000000 926.084557
B-3 929.578043 3.493334 5.796027 9.289361 0.000000 926.084709
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:53:59 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4249
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 13,638.29
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 12,570.41
MASTER SERVICER ADVANCES THIS MONTH 1,179.64
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 12 977,285.31
(B) TWO MONTHLY PAYMENTS: 1 29,637.36
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 193,078.03
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 64,595,060.69
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 957
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 117,690.64
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,690,693.94
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.57160630 % 6.16455400 % 1.26383930 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.37690120 % 6.31706836 % 1.29696570 %
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 8.57955398
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 148.74
POOL TRADING FACTOR: 60.83965208
................................................................................
Run: 05/26/99 13:57:48 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR1(POOL # 3328)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 3328
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 24,934,336.17 7,586,442.33 7.944546 % 840,545.28
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
24,934,336.17 7,586,442.33 840,545.28
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 47,985.00 888,530.28 0.00 0.00 6,745,897.05
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
47,985.00 888,530.28 0.00 0.00 6,745,897.05
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 304.256840 33.710353 1.924455 35.634808 0.000000 270.546487
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:57:48 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR1 (POOL # 3328)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 3328
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 2,266.72
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 309.76
SUBSERVICER ADVANCES THIS MONTH 2,782.02
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 273,729.97
(B) TWO MONTHLY PAYMENTS: 1 106,012.22
(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 6,745,897.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 44
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 835,363.35
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 100.00000040 % 0.00000000 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 100.00000040 % 0.00000000 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.09776000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.16
POOL TRADING FACTOR: 27.05464855
................................................................................
Run: 05/26/99 13:57:50 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR2(POOL # 3333)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 3333
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 30,798,565.76 6,701,774.82 7.955235 % 876,725.96
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
30,798,565.76 6,701,774.82 876,725.96
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 40,430.59 917,156.55 0.00 0.00 5,825,048.86
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
40,430.59 917,156.55 0.00 0.00 5,825,048.86
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 217.600224 28.466454 1.312743 29.779197 0.000000 189.133770
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:57:50 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR2 (POOL # 3333)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 3333
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 1,875.31
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 258.37
SUBSERVICER ADVANCES THIS MONTH 1,488.45
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 0 0.00
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 1 205,250.90
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 5,825,048.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 39
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 872,199.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 100.00000040 % 0.00000000 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 100.00000070 % 0.00000000 %
CLASS R - STRIP PASS-THROUGH FOR NEXT DISTRIBUTION 0.8203 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.41608400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.91
POOL TRADING FACTOR: 18.91337689
................................................................................
Run: 05/26/99 13:54:08 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 28,141,851.46 7.500000 % 2,104,961.30
A-2 76110FKD4 20,984,000.00 1,285,851.46 7.500000 % 1,285,851.46
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 11,346,814.66 9.500000 % 484,401.82
A-8 76110FKP7 156,262.27 71,283.09 0.000000 % 25,069.07
A-9-1 0.00 0.00 0.842058 % 0.00
A-9-2 0.00 0.00 0.549370 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,588,265.56 7.750000 % 4,677.32
M-2 76110FKM4 3,827,000.00 3,764,863.71 7.750000 % 2,672.86
M-3 76110FKN2 2,870,200.00 2,823,598.61 7.750000 % 2,004.61
B-1 1,052,400.00 1,035,312.95 7.750000 % 735.02
B-2 478,400.00 470,632.54 7.750000 % 334.12
B-3 861,188.35 847,205.81 7.750000 % 601.47
- -------------------------------------------------------------------------------
191,342,550.62 106,375,679.85 3,911,309.05
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 174,721.91 2,279,683.21 0.00 0.00 26,036,890.16
A-2 7,983.35 1,293,834.81 0.00 0.00 0.00
A-3 68,294.76 68,294.76 0.00 0.00 11,000,000.00
A-4 24,834.46 24,834.46 0.00 0.00 4,000,000.00
A-5 112,272.44 112,272.44 0.00 0.00 17,500,000.00
A-6 105,029.07 105,029.07 0.00 0.00 17,500,000.00
A-7 89,234.13 573,635.95 0.00 0.00 10,862,412.84
A-8 0.00 25,069.07 0.00 0.00 46,214.02
A-9-1 59,106.45 59,106.45 0.00 0.00 0.00
A-9-2 9,815.34 9,815.34 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,267.47 46,944.79 0.00 0.00 6,583,588.24
M-2 24,153.74 26,826.60 0.00 0.00 3,762,190.85
M-3 18,114.99 20,119.60 0.00 0.00 2,821,594.00
B-1 6,642.12 7,377.14 0.00 0.00 1,034,577.93
B-2 3,019.37 3,353.49 0.00 0.00 470,298.42
B-3 5,435.31 6,036.78 0.00 0.00 846,604.34
- -------------------------------------------------------------------------------
750,924.91 4,662,233.96 0.00 0.00 102,464,370.80
===============================================================================
Run: 05/26/99 13:54:08
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-1 341.150567 25.517466 2.118072 27.635538 0.000000 315.633101
A-2 61.277710 61.277710 0.380449 61.658159 0.000000 0.000000
A-3 1000.000000 0.000000 6.208615 6.208615 0.000000 1000.000000
A-4 1000.000000 0.000000 6.208615 6.208615 0.000000 1000.000000
A-5 1000.000000 0.000000 6.415568 6.415568 0.000000 1000.000000
A-6 1000.000000 0.000000 6.001661 6.001661 0.000000 1000.000000
A-7 517.528605 22.093584 4.069972 26.163556 0.000000 495.435021
A-8 456.175953 160.429450 0.000000 160.429450 0.000000 295.746504
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-1 983.763709 0.698420 6.311404 7.009824 0.000000 983.065289
M-2 983.763708 0.698422 6.311403 7.009825 0.000000 983.065286
M-3 983.763713 0.698422 6.311403 7.009825 0.000000 983.065292
B-1 983.763731 0.698423 6.311403 7.009826 0.000000 983.065308
B-2 983.763671 0.698411 6.311392 7.009803 0.000000 983.065259
B-3 983.763668 0.698419 6.311407 7.009826 0.000000 983.065249
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:54:08 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS7 (POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4255
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 21,530.78
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,229.79
MASTER SERVICER ADVANCES THIS MONTH 6,590.92
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 3,033,498.96
(B) TWO MONTHLY PAYMENTS: 4 470,033.07
(C) THREE OR MORE MONTHLY PAYMENTS: 1 71,565.24
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,022,863.82
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 102,464,370.80
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,065
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 831,897.61
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,835,799.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.39112240 % 12.39528000 % 2.21359730 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.84755610 % 12.85068457 % 2.29596080 %
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 8.86717928
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.24
POOL TRADING FACTOR: 53.55022731
................................................................................
Run: 05/26/99 13:54:10 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS8(POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FKU6 13,399,900.00 0.00 7.000000 % 0.00
A-2 76110FKV4 20,850,000.00 0.00 7.000000 % 0.00
A-3 76110FKW2 16,320,750.00 4,613,368.30 10.000000 % 440,491.94
A-4 76110FKX0 19,700,543.00 0.00 7.000000 % 0.00
A-5 76110FKY8 21,419,142.00 14,867,188.11 7.150000 % 3,146,371.04
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 10,372,034.17 7.500000 % 776,186.43
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 10,332.55 0.000000 % 9.03
A-12-1 0.00 0.00 0.957302 % 0.00
A-12-2 0.00 0.00 0.668911 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,515,151.96 7.500000 % 5,458.54
M-2 76110FLJ0 4,361,000.00 4,294,794.59 7.500000 % 3,119.47
M-3 76110FLK7 3,270,500.00 3,220,849.76 7.500000 % 2,339.42
B-1 1,199,000.00 1,180,797.69 7.500000 % 857.66
B-2 545,000.00 536,726.25 7.500000 % 389.84
B-3 981,461.72 828,145.38 7.500000 % 601.53
- -------------------------------------------------------------------------------
218,029,470.88 129,766,017.76 4,375,824.90
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 38,428.76 478,920.70 0.00 0.00 4,172,876.36
A-4 0.00 0.00 0.00 0.00 0.00
A-5 88,546.85 3,234,917.89 0.00 0.00 11,720,817.07
A-6 38,187.51 38,187.51 0.00 0.00 6,323,320.00
A-7 99,623.77 99,623.77 0.00 0.00 16,496,308.00
A-8 64,798.27 840,984.70 0.00 0.00 9,595,847.74
A-9 30,716.40 30,716.40 0.00 0.00 5,000,001.00
A-10 340,527.17 340,527.17 0.00 0.00 54,507,000.00
A-11 0.00 9.03 0.00 0.00 10,323.52
A-12-1 80,256.26 80,256.26 0.00 0.00 0.00
A-12-2 16,226.13 16,226.13 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,950.18 52,408.72 0.00 0.00 7,509,693.42
M-2 26,831.31 29,950.78 0.00 0.00 4,291,675.12
M-3 20,121.94 22,461.36 0.00 0.00 3,218,510.34
B-1 7,376.92 8,234.58 0.00 0.00 1,179,940.03
B-2 3,353.15 3,742.99 0.00 0.00 536,336.41
B-3 5,173.76 5,775.29 0.00 0.00 827,543.85
- -------------------------------------------------------------------------------
907,118.38 5,282,943.28 0.00 0.00 125,390,192.86
===============================================================================
Run: 05/26/99 13:54:10
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS8(POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 282.668891 26.989687 2.354595 29.344282 0.000000 255.679203
A-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-5 694.107547 146.895288 4.134005 151.029293 0.000000 547.212259
A-6 1000.000000 0.000000 6.039155 6.039155 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039156 6.039156 0.000000 1000.000000
A-8 398.954528 29.855579 2.492429 32.348008 0.000000 369.098948
A-9 1000.000000 0.000000 6.143279 6.143279 0.000000 1000.000000
A-10 1000.000000 0.000000 6.247403 6.247403 0.000000 1000.000000
A-11 391.248718 0.341927 0.000000 0.341927 0.000000 390.906791
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-1 984.818760 0.715311 6.152559 6.867870 0.000000 984.103449
M-2 984.818755 0.715311 6.152559 6.867870 0.000000 984.103444
M-3 984.818762 0.715310 6.152558 6.867868 0.000000 984.103452
B-1 984.818757 0.715313 6.152560 6.867873 0.000000 984.103445
B-2 984.818807 0.715303 6.152569 6.867872 0.000000 984.103505
B-3 843.787754 0.612872 5.271484 5.884356 0.000000 843.174858
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:54:11 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 26,642.15
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 32,695.16
MASTER SERVICER ADVANCES THIS MONTH 1,141.91
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 3,139,332.99
(B) TWO MONTHLY PAYMENTS: 5 386,438.88
(C) THREE OR MORE MONTHLY PAYMENTS: 3 449,733.50
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 208,360.37
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 125,390,192.86
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,249
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 135,482.89
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,281,569.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.45418460 % 11.58392100 % 1.96189420 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.99161150 % 11.97851167 % 2.02889050 %
BANKRUPTCY AMOUNT AVAILABLE 220,247.00
FRAUD AMOUNT AVAILABLE 1,750,557.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,750,557.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.71948788
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.83
POOL TRADING FACTOR: 57.51066237
................................................................................
Run: 05/26/99 13:54:24 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 0.00 6.750000 % 0.00
A-2 76110FLM3 17,420,000.00 0.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 8,294,000.44 10.000000 % 1,206,690.77
A-4 76110FLP6 38,010,000.00 28,453,541.51 6.750000 % 6,636,799.42
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 1.041995 % 0.00
A-9-2 0.00 0.00 0.747888 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,021,592.19 7.250000 % 5,773.62
M-2 76110FLX9 5,420,000.00 5,347,728.11 7.250000 % 3,849.08
M-3 76110FLY2 4,065,000.00 4,010,796.07 7.250000 % 2,886.81
B-1 1,490,500.00 1,470,625.20 7.250000 % 1,058.50
B-2 677,500.00 668,466.01 7.250000 % 481.13
B-3 1,219,925.82 1,191,896.27 7.250000 % 857.88
- -------------------------------------------------------------------------------
271,005,025.82 175,309,107.80 7,858,397.21
===============================================================================
_______________________________________________________________________________
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 68,599.65 1,275,290.42 0.00 0.00 7,087,309.67
A-4 158,853.93 6,795,653.35 0.00 0.00 21,816,742.09
A-5 95,822.28 95,822.28 0.00 0.00 17,163,462.00
A-6 179,756.26 179,756.26 0.00 0.00 29,977,000.00
A-7 96,333.34 96,333.34 0.00 0.00 16,065,000.00
A-8 327,677.26 327,677.26 0.00 0.00 54,645,000.00
A-9-1 126,009.00 126,009.00 0.00 0.00 0.00
A-9-2 17,999.88 17,999.88 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,101.26 53,874.88 0.00 0.00 8,015,818.57
M-2 32,067.51 35,916.59 0.00 0.00 5,343,879.03
M-3 24,050.63 26,937.44 0.00 0.00 4,007,909.26
B-1 8,818.57 9,877.07 0.00 0.00 1,469,566.70
B-2 4,008.44 4,489.57 0.00 0.00 667,984.88
B-3 7,147.17 8,005.05 0.00 0.00 1,191,038.39
- -------------------------------------------------------------------------------
1,195,245.18 9,053,642.39 0.00 0.00 167,450,710.59
===============================================================================
Run: 05/26/99 13:54:24
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 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-3 361.055513 52.529821 2.986289 55.516110 0.000000 308.525692
A-4 748.580413 174.606667 4.179267 178.785934 0.000000 573.973746
A-5 1000.000000 0.000000 5.582923 5.582923 0.000000 1000.000000
A-6 1000.000000 0.000000 5.996473 5.996473 0.000000 1000.000000
A-7 1000.000000 0.000000 5.996473 5.996473 0.000000 1000.000000
A-8 1000.000000 0.000000 5.996473 5.996473 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-1 986.665706 0.710162 5.916514 6.626676 0.000000 985.955544
M-2 986.665703 0.710162 5.916515 6.626677 0.000000 985.955541
M-3 986.665700 0.710162 5.916514 6.626676 0.000000 985.955538
B-1 986.665683 0.710164 5.916518 6.626682 0.000000 985.955518
B-2 986.665697 0.710155 5.916517 6.626672 0.000000 985.955542
B-3 977.023562 0.703215 5.858692 6.561907 0.000000 976.320343
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:54:25 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4263
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 39,410.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 49,434.06
MASTER SERVICER ADVANCES THIS MONTH 540.60
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 46 4,764,346.67
(B) TWO MONTHLY PAYMENTS: 6 574,642.45
(C) THREE OR MORE MONTHLY PAYMENTS: 7 497,980.65
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 652,186.04
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 167,450,710.59
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,722
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 75,347.09
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,732,216.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.18595100 % 9.91398400 % 1.90006530 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.64042460 % 10.37177256 % 1.98780280 %
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 8.60243990
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.45
POOL TRADING FACTOR: 61.78878421
................................................................................
Run: 05/26/99 13:54:26 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 89,461,969.30 7.250000 % 6,406,522.64
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 63,816,287.60 7.250000 % 58,846.99
A-5 7611OFMS9 76,250.57 65,053.63 0.000000 % 60.49
A-6-1 0.00 0.00 1.013919 % 0.00
A-6-2 0.00 0.00 0.696259 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,430,394.98 7.250000 % 7,633.46
M-2 7611OFMW0 6,524,000.00 6,418,401.90 7.250000 % 4,697.29
M-3 7611OFMX8 4,893,000.00 4,813,801.39 7.250000 % 3,522.97
B-1 7611OFMY6 1,794,000.00 1,764,962.13 7.250000 % 1,291.68
B-2 7611OFMZ3 816,000.00 802,792.14 7.250000 % 587.52
B-3 7611OFNA7 1,468,094.11 1,424,445.74 7.250000 % 1,042.48
- -------------------------------------------------------------------------------
326,202,444.68 214,141,108.81 6,484,205.52
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 539,945.56 6,946,468.20 0.00 0.00 83,055,446.66
A-2 60,354.76 60,354.76 0.00 0.00 10,000,000.00
A-3 151,749.97 151,749.97 0.00 0.00 25,143,000.00
A-4 385,161.66 444,008.65 0.00 0.00 63,757,440.61
A-5 0.00 60.49 0.00 0.00 64,993.14
A-6-1 143,203.44 143,203.44 0.00 0.00 0.00
A-6-2 25,782.78 25,782.78 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,952.40 70,585.86 0.00 0.00 10,422,761.52
M-2 38,738.10 43,435.39 0.00 0.00 6,413,704.61
M-3 29,053.58 32,576.55 0.00 0.00 4,810,278.42
B-1 10,652.38 11,944.06 0.00 0.00 1,763,670.45
B-2 4,845.23 5,432.75 0.00 0.00 802,204.62
B-3 8,597.21 9,639.69 0.00 0.00 1,391,419.09
- -------------------------------------------------------------------------------
1,461,037.07 7,945,242.59 0.00 0.00 207,624,919.12
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 447.378090 32.037500 2.700140 34.737640 0.000000 415.340589
A-2 1000.000000 0.000000 6.035476 6.035476 0.000000 1000.000000
A-3 1000.000000 0.000000 6.035476 6.035476 0.000000 1000.000000
A-4 983.051762 0.906503 5.933185 6.839688 0.000000 982.145260
A-5 853.155983 0.793306 0.000000 0.793306 0.000000 852.362677
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-1 983.813901 0.720002 5.937785 6.657787 0.000000 983.093899
M-2 983.813903 0.720002 5.937784 6.657786 0.000000 983.093901
M-3 983.813895 0.720002 5.937785 6.657787 0.000000 983.093893
B-1 983.813896 0.720000 5.937781 6.657781 0.000000 983.093896
B-2 983.813897 0.720000 5.937782 6.657782 0.000000 983.093897
B-3 970.268684 0.710091 5.856035 6.566126 0.000000 947.772408
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:54:27 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS10 (POOL # 4264)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4264
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 43,903.61
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 51,848.60
MASTER SERVICER ADVANCES THIS MONTH 5,358.65
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 3,925,277.65
(B) TWO MONTHLY PAYMENTS: 8 1,135,683.64
(C) THREE OR MORE MONTHLY PAYMENTS: 4 421,363.31
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,249,040.76
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 207,624,919.12
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,012
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 688,184.69
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,291,621.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.01603560 % 10.11911300 % 1.86485130 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.66426680 % 10.42588946 % 1.90657910 %
BANKRUPTCY AMOUNT AVAILABLE 203,326.00
FRAUD AMOUNT AVAILABLE 5,143,425.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,571,718.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.52262010
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.53
POOL TRADING FACTOR: 63.64909966
................................................................................
Run: 05/26/99 13:54:28 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 68,124,311.32 7.000000 % 1,802,348.19
A-2 7611OFMD2 43,142.76 34,931.86 0.000000 % 231.29
A-3-1 0.00 0.00 1.085575 % 0.00
A-3-2 0.00 0.00 0.657030 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,863,589.69 7.000000 % 10,590.02
M-2 7611OFMH3 892,000.00 839,409.12 7.000000 % 3,104.27
M-3 7611OFMJ9 419,700.00 394,955.18 7.000000 % 1,460.61
B-1 7611OFMK6 367,000.00 345,362.28 7.000000 % 1,277.21
B-2 7611OFML4 262,400.00 246,929.29 7.000000 % 913.18
B-3 7611OFMM2 263,388.53 247,859.56 7.000000 % 916.62
- -------------------------------------------------------------------------------
104,940,731.29 73,097,348.30 1,820,841.39
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 396,401.81 2,198,750.00 0.00 0.00 66,321,963.13
A-2 0.00 231.29 0.00 0.00 34,700.57
A-3-1 52,061.77 52,061.77 0.00 0.00 0.00
A-3-2 8,413.22 8,413.22 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,662.66 27,252.68 0.00 0.00 2,852,999.67
M-2 4,884.35 7,988.62 0.00 0.00 836,304.85
M-3 2,298.17 3,758.78 0.00 0.00 393,494.57
B-1 2,009.59 3,286.80 0.00 0.00 344,085.07
B-2 1,436.83 2,350.01 0.00 0.00 246,016.11
B-3 1,442.25 2,358.87 0.00 0.00 246,942.94
- -------------------------------------------------------------------------------
485,610.65 2,306,452.04 0.00 0.00 71,276,506.91
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 683.635839 18.086786 3.977941 22.064727 0.000000 665.549053
A-2 809.680697 5.361039 0.000000 5.361039 0.000000 804.319659
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-1 941.041633 3.480125 5.475734 8.955859 0.000000 937.561508
M-2 941.041614 3.480123 5.475729 8.955852 0.000000 937.561491
M-3 941.041649 3.480129 5.475745 8.955874 0.000000 937.561520
B-1 941.041635 3.480136 5.475722 8.955858 0.000000 937.561499
B-2 941.041502 3.480107 5.475724 8.955831 0.000000 937.561395
B-3 941.041586 3.480106 5.475751 8.955857 0.000000 937.561480
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:54:29 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS11 (POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4265
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 15,085.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,816.53
SUBSERVICER ADVANCES THIS MONTH 11,808.20
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 11 913,752.04
(B) TWO MONTHLY PAYMENTS: 1 36,327.93
(C) THREE OR MORE MONTHLY PAYMENTS: 1 80,366.27
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 111,088.71
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 71,276,506.91
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 866
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 1,550,429.59
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.24125130 % 5.60884000 % 1.14990880 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.09416270 % 5.72811333 % 1.17493390 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 845,878.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,663,826.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.32023760
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 153.14
POOL TRADING FACTOR: 67.92072633
................................................................................
Run: 05/26/99 13:54:40 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 0.00 7.000000 % 0.00
A-2 76110FNC3 22,405,757.00 10,659,263.64 9.000000 % 925,623.88
A-3 76110FND1 62,824,125.00 38,173,671.57 7.000000 % 6,479,367.16
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 58,514,898.11 7.250000 % 42,843.71
A-8-1 0.00 0.00 0.934705 % 0.00
A-8-2 0.00 0.00 0.765126 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,301,458.69 7.250000 % 7,542.57
M-2 76110FNL3 4,471,600.00 4,414,967.29 7.250000 % 3,232.57
M-3 76110FNM1 4,471,500.00 4,414,868.55 7.250000 % 3,232.50
B-1 76110FNN9 1,639,600.00 1,620,004.42 7.250000 % 1,186.14
B-2 76110FNP4 745,200.00 736,293.78 7.250000 % 0.00
B-3 76110FNQ2 1,341,561.05 1,269,045.49 7.250000 % 0.00
- -------------------------------------------------------------------------------
298,104,002.05 202,981,630.54 7,463,028.53
===============================================================================
_______________________________________________________________________________
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 79,740.23 1,005,364.11 0.00 0.00 9,733,639.76
A-3 222,110.82 6,701,477.98 0.00 0.00 31,694,304.41
A-4 138,829.44 138,829.44 0.00 0.00 24,294,118.00
A-5 156,681.99 156,681.99 0.00 0.00 26,000,000.00
A-6 136,090.62 136,090.62 0.00 0.00 22,583,041.00
A-7 352,624.27 395,467.98 0.00 0.00 58,472,054.40
A-8-1 126,595.37 126,595.37 0.00 0.00 0.00
A-8-2 25,463.68 25,463.68 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,078.97 69,621.54 0.00 0.00 10,293,916.12
M-2 26,605.61 29,838.18 0.00 0.00 4,411,734.72
M-3 26,605.01 29,837.51 0.00 0.00 4,411,636.05
B-1 15,455.79 16,641.93 0.00 0.00 1,618,818.28
B-2 7,859.63 7,859.63 0.00 0.00 736,293.78
B-3 0.00 0.00 0.00 0.00 1,267,577.21
- -------------------------------------------------------------------------------
1,376,741.43 8,839,769.96 0.00 0.00 195,517,133.73
===============================================================================
Run: 05/26/99 13:54:40
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 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 475.737715 41.311877 3.558917 44.870794 0.000000 434.425838
A-3 607.627588 103.135016 3.535438 106.670454 0.000000 504.492572
A-4 1000.000000 0.000000 5.714529 5.714529 0.000000 1000.000000
A-5 1000.000000 0.000000 6.026230 6.026230 0.000000 1000.000000
A-6 1000.000000 0.000000 6.026231 6.026231 0.000000 1000.000000
A-7 986.447772 0.722262 5.944562 6.666824 0.000000 985.725510
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-1 987.335022 0.722912 5.949909 6.672821 0.000000 986.612111
M-2 987.335023 0.722911 5.949908 6.672819 0.000000 986.612112
M-3 987.335022 0.722912 5.949907 6.672819 0.000000 986.612110
B-1 988.048561 0.723433 9.426561 10.149994 0.000000 987.325128
B-2 988.048551 0.000000 10.547008 10.547008 0.000000 988.048551
B-3 945.946880 0.000000 0.000000 0.000000 0.000000 944.852424
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:54:41 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS12 (POOL # 4270)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4270
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 41,558.48
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,278.74
MASTER SERVICER ADVANCES THIS MONTH 799.18
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 3,465,006.49
(B) TWO MONTHLY PAYMENTS: 8 1,118,783.88
(C) THREE OR MORE MONTHLY PAYMENTS: 5 669,774.39
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,455,328.21
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 195,517,133.73
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,929
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 102,815.33
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,315,876.77
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.78881890 % 9.42513600 % 1.78604520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.36931800 % 9.77780644 % 1.85287560 %
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 8.48301937
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.92
POOL TRADING FACTOR: 65.58688659
................................................................................
Run: 05/26/99 13:46:27 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR3(POOL # 3359)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 3359
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 25,117,531.34 7,551,196.20 8.025900 % 459,226.85
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
25,117,531.34 7,551,196.20 459,226.85
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 48,785.11 508,011.96 0.00 0.00 7,091,969.35
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
48,785.11 508,011.96 0.00 0.00 7,091,969.35
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 300.634489 18.283120 1.942273 20.225393 0.000000 282.351369
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-May-1999
DISTRIBUTION DATE 25-May-1999
Run: 05/26/99 13:46:27 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR3 (POOL # 3359)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 3359
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 2,267.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 325.30
SUBSERVICER ADVANCES THIS MONTH 1,723.97
MASTER SERVICER ADVANCES THIS MONTH 314.57
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 2 232,063.89
(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 7,091,969.35
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 58
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 44,261.24
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 452,926.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 100.00000000 % 0.00000000 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 100.00000000 % 0.00000000 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.43766712
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.97
POOL TRADING FACTOR: 28.23513686
................................................................................
Run: 05/26/99 13:54:49 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 18,823,036.49 7.250000 % 875,866.25
A-2 76110FNT6 30,750,000.00 0.00 7.250000 % 0.00
A-3 76110FNU3 40,799,000.00 38,337,156.68 7.250000 % 2,294,826.16
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 62,188,437.59 7.250000 % 46,291.51
A-8 76110FNZ2 15,495,000.00 0.00 7.250000 % 0.00
A-9 76110FPA5 68,339,000.00 50,097,159.94 7.000000 % 2,331,101.66
A-10 76110fPB3 0.00 0.00 7.250000 % 0.00
A-11 76110FPC1 100,038,312.00 69,373,168.09 0.000000 % 2,115,613.39
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 2.150000 % 0.00
A-14 76110FPF4 0.00 0.00 12.350000 % 0.00
A-15 76110FPG2 26,249,000.00 15,685,764.13 7.000000 % 729,883.91
A-16 76110FPH0 2,386,273.00 1,425,978.73 10.000000 % 66,353.09
A-17 76110FPJ6 139,012.74 130,846.77 0.000000 % 137.64
A-18-1 0.00 0.00 0.912697 % 0.00
A-18-2 0.00 0.00 0.633522 % 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 16,057,704.32 7.250000 % 11,952.95
M-2 76110FPP2 5,422,000.00 5,352,239.05 7.250000 % 3,984.07
M-3 76110FPQ0 6,507,000.00 6,423,279.16 7.250000 % 4,781.33
B-1 76110FPR8 2,386,000.00 2,355,301.07 7.250000 % 1,753.23
B-2 76110FPS6 1,085,000.00 1,071,040.10 7.250000 % 797.26
B-3 76110FPT4 1,952,210.06 1,927,092.44 7.250000 % 1,434.46
- -------------------------------------------------------------------------------
433,792,422.80 310,727,619.56 8,484,776.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 113,695.93 989,562.18 0.00 0.00 17,947,170.24
A-2 0.00 0.00 0.00 0.00 0.00
A-3 231,566.18 2,526,392.34 0.00 0.00 36,042,330.52
A-4 40,741.51 40,741.51 0.00 0.00 6,745,000.00
A-5 25,582.99 25,582.99 0.00 0.00 4,235,415.00
A-6 63,416.63 63,416.63 0.00 0.00 10,499,000.00
A-7 375,633.98 421,925.49 0.00 0.00 62,142,146.08
A-8 0.00 0.00 0.00 0.00 0.00
A-9 292,165.12 2,623,266.78 0.00 0.00 47,766,058.28
A-10 10,434.47 10,434.47 0.00 0.00 0.00
A-11 0.00 2,115,613.39 0.00 0.00 67,257,554.70
A-12 209,515.79 209,515.79 0.00 0.00 0.00
A-13 31,066.14 31,066.14 0.00 0.00 0.00
A-14 178,449.66 178,449.66 0.00 0.00 0.00
A-15 91,478.90 821,362.81 0.00 0.00 14,955,880.22
A-16 11,880.38 78,233.47 0.00 0.00 1,359,625.64
A-17 0.00 137.64 0.00 0.00 130,709.13
A-18-1 180,140.93 180,140.93 0.00 0.00 0.00
A-18-2 38,966.09 38,966.09 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 96,992.62 108,945.57 0.00 0.00 16,045,751.37
M-2 32,328.88 36,312.95 0.00 0.00 5,348,254.98
M-3 38,798.24 43,579.57 0.00 0.00 6,418,497.83
B-1 14,226.61 15,979.84 0.00 0.00 2,353,547.84
B-2 6,469.36 7,266.62 0.00 0.00 1,070,242.84
B-3 11,640.13 13,074.59 0.00 0.00 1,925,657.98
- -------------------------------------------------------------------------------
2,095,190.54 10,579,967.45 0.00 0.00 302,242,842.65
===============================================================================
Run: 05/26/99 13:54:49
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-1 597.575685 27.806161 3.609509 31.415670 0.000000 569.769524
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 939.659224 56.247118 5.675781 61.922899 0.000000 883.412106
A-4 1000.000000 0.000000 6.040254 6.040254 0.000000 1000.000000
A-5 1000.000000 0.000000 6.040256 6.040256 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040254 6.040254 0.000000 1000.000000
A-7 987.133726 0.734798 5.962539 6.697337 0.000000 986.398928
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 733.068379 34.110854 4.275233 38.386087 0.000000 698.957525
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 693.466000 21.148032 0.000000 21.148032 0.000000 672.317969
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-15 597.575684 27.806161 3.485043 31.291204 0.000000 569.769524
A-16 597.575688 27.806161 4.978634 32.784795 0.000000 569.769528
A-17 941.257398 0.990125 0.000000 0.990125 0.000000 940.267273
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-1 987.133726 0.734797 5.962539 6.697336 0.000000 986.398929
M-2 987.133724 0.734797 5.962538 6.697335 0.000000 986.398927
M-3 987.133727 0.734798 5.962539 6.697337 0.000000 986.398929
B-1 987.133726 0.734799 5.962536 6.697335 0.000000 986.398927
B-2 987.133733 0.734802 5.962544 6.697346 0.000000 986.398931
B-3 987.133751 0.734793 5.962540 6.697333 0.000000 986.398962
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:54:50 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS13 (POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4277
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 63,805.53
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 57,556.36
MASTER SERVICER ADVANCES THIS MONTH 3,137.04
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 52 5,673,514.67
(B) TWO MONTHLY PAYMENTS: 10 781,389.25
(C) THREE OR MORE MONTHLY PAYMENTS: 5 418,245.26
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 735,051.37
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 302,242,842.65
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,786
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 404,322.56
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,253,458.27
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.31519610 % 8.96120800 % 1.72359600 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.02329660 % 9.20203898 % 1.77068320 %
BANKRUPTCY AMOUNT AVAILABLE 262,848.00
FRAUD AMOUNT AVAILABLE 7,065,187.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,532,593.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.37363644
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.21
POOL TRADING FACTOR: 69.67453251
................................................................................
Run: 05/26/99 13:54:58 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 23,456,317.98 7.000000 % 3,074,823.36
A-2 76110FPV9 117,395,000.00 72,683,966.25 7.000000 % 3,363,826.78
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 1.125527 % 0.00
A-6-2 0.00 0.00 0.944570 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,232,379.51 7.000000 % 8,433.11
M-2 76110FQD8 4,054,000.00 4,011,458.12 7.000000 % 3,011.75
M-3 76110FQE6 4,865,000.00 4,813,947.60 7.000000 % 3,614.24
B-1 76110FQF3 1,783,800.00 1,765,081.14 7.000000 % 1,325.20
B-2 76110FQG1 810,800.00 802,291.62 7.000000 % 602.35
B-3 76110FQH9 1,459,579.11 1,444,287.49 7.000000 % 1,084.36
- -------------------------------------------------------------------------------
324,327,779.11 238,491,729.71 6,456,721.15
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 136,754.16 3,211,577.52 0.00 0.00 20,381,494.62
A-2 423,759.38 3,787,586.16 0.00 0.00 69,320,139.47
A-3 299,553.79 299,553.79 0.00 0.00 51,380,000.00
A-4 10,855.77 10,855.77 0.00 0.00 1,862,000.00
A-5 379,193.82 379,193.82 0.00 0.00 65,040,000.00
A-6-1 168,771.09 168,771.09 0.00 0.00 0.00
A-6-2 45,987.93 45,987.93 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,486.60 73,919.71 0.00 0.00 11,223,946.40
M-2 23,387.45 26,399.20 0.00 0.00 4,008,446.37
M-3 28,066.10 31,680.34 0.00 0.00 4,810,333.36
B-1 10,290.71 11,615.91 0.00 0.00 1,763,755.94
B-2 4,677.49 5,279.84 0.00 0.00 801,689.27
B-3 8,420.43 9,504.79 0.00 0.00 1,443,203.13
- -------------------------------------------------------------------------------
1,605,204.72 8,061,925.87 0.00 0.00 232,035,008.56
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 364.647545 47.800631 2.125955 49.926586 0.000000 316.846915
A-2 619.140221 28.653919 3.609688 32.263607 0.000000 590.486302
A-3 1000.000000 0.000000 5.830163 5.830163 0.000000 1000.000000
A-4 1000.000000 0.000000 5.830166 5.830166 0.000000 1000.000000
A-5 1000.000000 0.000000 5.830163 5.830163 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-1 989.506189 0.742907 5.768982 6.511889 0.000000 988.763282
M-2 989.506196 0.742908 5.768981 6.511889 0.000000 988.763288
M-3 989.506187 0.742906 5.768983 6.511889 0.000000 988.763281
B-1 989.506189 0.742908 5.768982 6.511890 0.000000 988.763281
B-2 989.506191 0.742908 5.768981 6.511889 0.000000 988.763283
B-3 989.523267 0.742920 5.769081 6.512001 0.000000 988.780341
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:54:59 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS1 (POOL # 4281)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4281
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 49,009.13
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 52,131.59
MASTER SERVICER ADVANCES THIS MONTH 2,680.09
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 5,325,055.17
(B) TWO MONTHLY PAYMENTS: 4 420,579.37
(C) THREE OR MORE MONTHLY PAYMENTS: 3 468,159.23
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 724,814.10
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 232,035,008.56
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,094
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 352,222.87
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,277,664.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.90763940 % 8.41026400 % 1.68209620 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.63459240 % 8.63780266 % 1.72760500 %
BANKRUPTCY AMOUNT AVAILABLE 217,609.00
FRAUD AMOUNT AVAILABLE 2,610,096.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,610,096.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.36229701
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.62
POOL TRADING FACTOR: 71.54336554
................................................................................
Run: 05/26/99 13:55:05 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 11,437,554.33 6.750000 % 934,338.80
A-2 76110FQK2 158,282,400.00 90,518,177.42 6.500000 % 7,394,469.38
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 25,554,296.48 5.512500 % 1,455,073.84
A-5 76110FQN6 0.00 0.00 3.513275 % 0.00
A-6 76110FQP1 13,504,750.00 8,827,942.17 5.412500 % 510,335.85
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 134,816.45 0.000000 % 164.58
A-9-1 0.00 0.00 1.053810 % 0.00
A-9-2 0.00 0.00 0.760873 % 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 17,168,166.81 7.000000 % 12,637.01
M-2 76110FQW6 5,422,000.00 5,364,928.44 7.000000 % 3,948.97
M-3 76110FQX4 5,422,000.00 5,364,928.44 7.000000 % 3,948.97
B-1 76110FQY2 2,385,700.00 2,360,588.31 7.000000 % 1,737.56
B-2 76110FQZ9 1,084,400.00 1,072,985.71 7.000000 % 789.79
B-3 76110FRA3 1,952,351.82 1,931,801.49 7.000000 % 1,421.96
- -------------------------------------------------------------------------------
433,770,084.51 339,074,086.05 10,318,866.71
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 64,320.48 998,659.28 0.00 0.00 10,503,215.53
A-2 490,186.65 7,884,656.03 0.00 0.00 83,123,708.04
A-3 464,421.17 464,421.17 0.00 0.00 82,584,000.00
A-4 117,361.29 1,572,435.13 0.00 0.00 24,099,222.64
A-5 100,637.21 100,637.21 0.00 0.00 0.00
A-6 39,807.94 550,143.79 0.00 0.00 8,317,606.32
A-7 505,940.42 505,940.42 0.00 0.00 86,753,900.00
A-8 0.00 164.58 0.00 0.00 134,651.87
A-9-1 214,711.54 214,711.54 0.00 0.00 0.00
A-9-2 59,914.71 59,914.71 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-1 100,123.10 112,760.11 0.00 0.00 17,155,529.80
M-2 31,287.75 35,236.72 0.00 0.00 5,360,979.47
M-3 31,287.75 35,236.72 0.00 0.00 5,360,979.47
B-1 13,766.73 15,504.29 0.00 0.00 2,358,850.75
B-2 6,257.55 7,047.34 0.00 0.00 1,072,195.92
B-3 11,266.08 12,688.04 0.00 0.00 1,930,379.53
- -------------------------------------------------------------------------------
2,251,290.37 12,570,157.08 0.00 0.00 328,755,219.34
===============================================================================
Run: 05/26/99 13:55:05
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-1 571.877717 46.716940 3.216024 49.932964 0.000000 525.160777
A-2 571.877716 46.716940 3.096912 49.813852 0.000000 525.160776
A-3 1000.000000 0.000000 5.623622 5.623622 0.000000 1000.000000
A-4 657.111138 37.416222 3.017865 40.434087 0.000000 619.694916
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 653.691640 37.789359 2.947699 40.737058 0.000000 615.902280
A-7 1000.000000 0.000000 5.831904 5.831904 0.000000 1000.000000
A-8 971.771325 1.186310 0.000000 1.186310 0.000000 970.585015
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-1 989.474077 0.728324 5.770518 6.498842 0.000000 988.745752
M-2 989.474076 0.728323 5.770518 6.498841 0.000000 988.745753
M-3 989.474076 0.728323 5.770518 6.498841 0.000000 988.745753
B-1 989.474079 0.728323 5.770520 6.498843 0.000000 988.745756
B-2 989.474096 0.728320 5.770518 6.498838 0.000000 988.745777
B-3 989.474064 0.728322 5.770517 6.498839 0.000000 988.745732
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:55:06 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS2 (POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4284
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 69,536.02
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 82,897.70
MASTER SERVICER ADVANCES THIS MONTH 1,016.06
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 49 7,379,952.33
(B) TWO MONTHLY PAYMENTS: 13 1,334,496.05
(C) THREE OR MORE MONTHLY PAYMENTS: 6 492,320.33
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 1,809,590.25
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 328,755,219.33
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,894
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 136,193.10
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 10,069,226.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.18602970 % 8.23098000 % 1.58299020 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.88532120 % 8.47970986 % 1.63149440 %
BANKRUPTCY AMOUNT AVAILABLE 2,037,626.00
FRAUD AMOUNT AVAILABLE 3,609,315.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,609,315.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.25290569
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.84
POOL TRADING FACTOR: 75.79020109
................................................................................
Run: 05/26/99 13:57:57 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 94,465,991.71 6.500000 % 2,083,212.45
A-2 76110FRC9 34,880,737.00 23,054,912.48 6.500000 % 1,041,459.52
A-3-1 0.00 0.00 1.249324 % 0.00
A-3-2 0.00 0.00 0.994775 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,752,122.57 6.500000 % 13,310.65
M-2 76110FRG0 785,100.00 750,137.90 6.500000 % 2,661.11
M-3 76110FRH8 707,000.00 675,515.85 6.500000 % 2,396.39
B-1 76110FRJ4 471,200.00 450,216.48 6.500000 % 1,597.14
B-2 76110FRK1 314,000.00 300,016.94 6.500000 % 1,064.31
B-3 76110FRL9 471,435.62 415,330.42 6.500000 % 1,473.38
- -------------------------------------------------------------------------------
157,074,535.62 123,864,244.35 3,147,174.95
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 510,492.62 2,593,705.07 0.00 0.00 92,382,779.26
A-2 124,588.36 1,166,047.88 0.00 0.00 22,013,452.96
A-3-1 100,815.55 100,815.55 0.00 0.00 0.00
A-3-2 22,166.03 22,166.03 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,276.41 33,587.06 0.00 0.00 3,738,811.92
M-2 4,053.74 6,714.85 0.00 0.00 747,476.79
M-3 3,650.47 6,046.86 0.00 0.00 673,119.46
B-1 2,432.96 4,030.10 0.00 0.00 448,619.34
B-2 1,621.28 2,685.59 0.00 0.00 298,952.63
B-3 2,244.44 3,717.82 0.00 0.00 413,757.03
- -------------------------------------------------------------------------------
792,341.86 3,939,516.81 0.00 0.00 120,716,969.39
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 817.760193 18.033667 4.419162 22.452829 0.000000 799.726526
A-2 660.964030 29.857727 3.571839 33.429566 0.000000 631.106303
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-1 955.467932 3.389521 5.163333 8.552854 0.000000 952.078411
M-2 955.467966 3.389517 5.163342 8.552859 0.000000 952.078449
M-3 955.467963 3.389519 5.163324 8.552843 0.000000 952.078444
B-1 955.467912 3.389516 5.163328 8.552844 0.000000 952.078396
B-2 955.467962 3.389522 5.163312 8.552834 0.000000 952.078440
B-3 880.990749 3.125305 4.760862 7.886167 0.000000 877.653305
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:57:58 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS3 (POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4285
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 25,616.75
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 173.35
SUBSERVICER ADVANCES THIS MONTH 10,479.39
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 11 935,966.61
(B) TWO MONTHLY PAYMENTS: 2 73,518.18
(C) THREE OR MORE MONTHLY PAYMENTS: 1 26,169.97
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 120,716,969.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,353
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 2,707,866.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.87879640 % 4.18020300 % 0.94100110 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.76400280 % 4.27397092 % 0.96202630 %
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 7.97576700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 158.43
POOL TRADING FACTOR: 76.85330338
................................................................................
Run: 05/26/99 13:57:59 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 84,536,510.06 6.500000 % 4,493,483.84
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 28,600,682.50 5.412500 % 1,123,370.96
A-I-4 76110FRQ8 0.00 0.00 3.587500 % 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 62,571,706.46 7.000000 % 1,904,124.71
A-V-1 0.00 0.00 0.894547 % 0.00
A-V-2 0.00 0.00 0.649948 % 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 14,041,652.23 7.000000 % 10,550.60
M-2 76110FRY1 5,067,800.00 5,014,819.25 7.000000 % 3,768.03
M-3 76110FRZ8 5,067,800.00 5,014,819.25 7.000000 % 3,768.03
B-1 76110FSA2 2,230,000.00 2,206,686.70 7.000000 % 1,658.06
B-2 76110FSB0 1,216,400.00 1,203,683.28 7.000000 % 904.42
B-3 76110FSC8 1,621,792.30 1,604,837.49 7.000000 % 1,205.84
- -------------------------------------------------------------------------------
405,421,992.30 329,395,842.22 7,542,834.49
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 457,740.05 4,951,223.89 0.00 0.00 80,043,026.22
A-I-2 335,873.16 335,873.16 0.00 0.00 59,732,445.00
A-I-3 128,954.22 1,252,325.18 0.00 0.00 27,477,311.54
A-I-4 85,473.11 85,473.11 0.00 0.00 0.00
A-I-5 378,259.45 378,259.45 0.00 0.00 64,868,000.00
A-II 364,917.93 2,269,042.64 0.00 0.00 60,667,581.75
A-V-1 194,552.12 194,552.12 0.00 0.00 0.00
A-V-2 36,991.05 36,991.05 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 81,878.21 92,428.81 0.00 0.00 14,031,101.63
M-2 29,241.89 33,009.92 0.00 0.00 5,011,051.22
M-3 29,241.89 33,009.92 0.00 0.00 5,011,051.22
B-1 12,867.40 14,525.46 0.00 0.00 2,205,028.64
B-2 7,018.80 7,923.22 0.00 0.00 1,202,778.86
B-3 9,357.96 10,563.80 0.00 0.00 1,603,631.65
- -------------------------------------------------------------------------------
2,152,367.24 9,695,201.73 0.00 0.00 321,853,007.73
===============================================================================
Run: 05/26/99 13:57:59
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-1 626.166686 33.283488 3.390506 36.673994 0.000000 592.883198
A-I-2 1000.000000 0.000000 5.622960 5.622960 0.000000 1000.000000
A-I-3 693.885558 27.254276 3.128578 30.382854 0.000000 666.631283
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.831218 5.831218 0.000000 1000.000000
A-II 832.037372 25.319797 4.852438 30.172235 0.000000 806.717574
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-1 989.545612 0.743524 5.770135 6.513659 0.000000 988.802088
M-2 989.545612 0.743524 5.770134 6.513658 0.000000 988.802088
M-3 989.545612 0.743524 5.770134 6.513658 0.000000 988.802088
B-1 989.545605 0.743525 5.770135 6.513660 0.000000 988.802081
B-2 989.545610 0.743522 5.770138 6.513660 0.000000 988.802088
B-3 989.545634 0.743523 5.770133 6.513656 0.000000 988.802111
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:58:00 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4290
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 67,814.15
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 762.75
SUBSERVICER ADVANCES THIS MONTH 66,690.82
MASTER SERVICER ADVANCES THIS MONTH 487.28
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 5,321,289.40
(B) TWO MONTHLY PAYMENTS: 8 1,192,867.96
(C) THREE OR MORE MONTHLY PAYMENTS: 8 946,626.93
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,387,622.50
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 321,853,007.73
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,838
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 65,072.38
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,295,413.20
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.16974340 % 7.30770900 % 1.52254730 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.96959090 % 7.47335072 % 1.55705840 %
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 8.17342800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 339.85
POOL TRADING FACTOR: 79.38716050
................................................................................
Run: 05/26/99 13:55:20 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 151,551,000.00 101,275,916.68 6.750000 % 9,526,345.04
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 1.069178 % 0.00
A-6-2 0.00 0.00 0.861467 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,531,406.07 6.750000 % 14,945.28
M-2 76110FSM6 4,216,900.00 4,177,135.35 6.750000 % 4,981.76
M-3 76110FSN4 4,392,600.00 4,351,178.53 6.750000 % 5,189.33
B-1 76110FSP9 1,757,100.00 1,740,530.85 6.750000 % 2,075.80
B-2 76110FSQ7 1,054,300.00 1,044,358.14 6.750000 % 1,245.53
B-3 76110FSR5 1,405,623.28 1,392,368.48 6.750000 % 1,660.58
- -------------------------------------------------------------------------------
351,405,323.28 300,889,894.10 9,556,443.32
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 569,170.34 10,095,515.38 0.00 0.00 91,749,571.64
A-2 426,762.90 426,762.90 0.00 0.00 75,936,500.00
A-3 98,270.15 98,270.15 0.00 0.00 17,485,800.00
A-4 73,985.58 73,985.58 0.00 0.00 13,164,700.00
A-5 380,979.59 380,979.59 0.00 0.00 67,790,000.00
A-6-1 202,801.98 202,801.98 0.00 0.00 0.00
A-6-2 52,410.19 52,410.19 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 70,426.46 85,371.74 0.00 0.00 12,516,460.79
M-2 23,475.49 28,457.25 0.00 0.00 4,172,153.59
M-3 24,453.61 29,642.94 0.00 0.00 4,345,989.20
B-1 9,781.78 11,857.58 0.00 0.00 1,738,455.05
B-2 5,869.29 7,114.82 0.00 0.00 1,043,112.61
B-3 7,825.10 9,485.68 0.00 0.00 1,390,707.90
- -------------------------------------------------------------------------------
1,946,212.46 11,502,655.78 0.00 0.00 291,333,450.78
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 668.262939 62.859005 3.755636 66.614641 0.000000 605.403934
A-2 1000.000000 0.000000 5.619997 5.619997 0.000000 1000.000000
A-3 1000.000000 0.000000 5.619997 5.619997 0.000000 1000.000000
A-4 1000.000000 0.000000 5.619997 5.619997 0.000000 1000.000000
A-5 1000.000000 0.000000 5.619997 5.619997 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-1 990.570172 1.181380 5.567001 6.748381 0.000000 989.388792
M-2 990.570170 1.181380 5.567002 6.748382 0.000000 989.388790
M-3 990.570170 1.181380 5.567001 6.748381 0.000000 989.388790
B-1 990.570172 1.181378 5.567002 6.748380 0.000000 989.388794
B-2 990.570179 1.181381 5.567002 6.748383 0.000000 989.388798
B-3 990.570162 1.181383 5.566997 6.748380 0.000000 989.388778
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:55:22 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS5 (POOL # 4299)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4299
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 61,622.32
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 73,971.42
MASTER SERVICER ADVANCES THIS MONTH 878.07
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 58 7,968,696.33
(B) TWO MONTHLY PAYMENTS: 9 856,850.48
(C) THREE OR MORE MONTHLY PAYMENTS: 8 681,355.98
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 534,066.64
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 291,333,450.78
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,426
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 116,062.30
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 9,197,594.16
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 136,407.95
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.61255400 % 6.99914500 % 1.38830100 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.34775660 % 7.22011273 % 1.43213060 %
BANKRUPTCY AMOUNT AVAILABLE 184,749.00
FRAUD AMOUNT AVAILABLE 2,914,047.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,914,047.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.09685569
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.86
POOL TRADING FACTOR: 82.90524687
................................................................................
Run: 05/26/99 13:58:01 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 17,155,499.35 6.750000 % 336,324.37
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 10,503,758.72 6.750000 % 645,742.79
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 111,818,729.16 6.750000 % 2,749,670.33
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 59,815,195.83 6.750000 % 3,921,119.59
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 7,714,857.91 6.750000 % 435,404.20
A-P 76110FTE3 57,464.36 54,906.10 0.000000 % 76.17
A-V-1 0.00 0.00 1.015790 % 0.00
A-V-2 0.00 0.00 0.777996 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 12,970,994.88 6.750000 % 35,175.72
M-2 76110FTH6 5,029,000.00 4,988,806.04 6.750000 % 13,529.02
M-3 76110FTJ2 4,224,500.00 4,190,735.95 6.750000 % 11,364.75
B-1 76110FTK9 2,011,600.00 1,995,522.42 6.750000 % 5,411.61
B-2 76110FTL7 1,207,000.00 1,197,353.13 6.750000 % 3,247.07
B-3 76110FTM5 1,609,449.28 1,596,585.81 6.750000 % 4,329.74
- -------------------------------------------------------------------------------
402,311,611.64 345,731,068.30 8,161,395.36
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 96,440.05 432,764.42 0.00 0.00 16,819,174.98
CB-2 220,999.49 220,999.49 0.00 0.00 39,313,092.00
CB-3 77,655.21 77,655.21 0.00 0.00 13,813,906.00
CB-4 59,047.13 704,789.92 0.00 0.00 9,858,015.93
CB-5 115,241.25 115,241.25 0.00 0.00 20,500,000.00
CB-6 628,591.69 3,378,262.02 0.00 0.00 109,069,058.83
CB-7 159,868.42 159,868.42 0.00 0.00 28,438,625.00
NB-1 336,382.96 4,257,502.55 0.00 0.00 55,894,076.24
NB-2 0.00 0.00 0.00 0.00 0.00
NB-3 54,339.04 54,339.04 0.00 0.00 9,662,500.00
NB-4 43,386.08 478,790.28 0.00 0.00 7,279,453.71
A-P 0.00 76.17 0.00 0.00 54,829.93
A-V-1 223,661.03 223,661.03 0.00 0.00 0.00
A-V-2 52,711.87 52,711.87 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 72,917.76 108,093.48 0.00 0.00 12,935,819.16
M-2 28,045.07 41,574.09 0.00 0.00 4,975,277.02
M-3 23,558.65 34,923.40 0.00 0.00 4,179,371.20
B-1 11,218.03 16,629.64 0.00 0.00 1,990,110.81
B-2 6,731.04 9,978.11 0.00 0.00 1,194,106.06
B-3 8,975.37 13,305.11 0.00 0.00 1,592,256.04
- -------------------------------------------------------------------------------
2,219,770.14 10,381,165.50 0.00 0.00 337,569,672.91
===============================================================================
Run: 05/26/99 13:58:01
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-1 850.360884 16.670869 4.780324 21.451193 0.000000 833.690014
CB-2 1000.000000 0.000000 5.621524 5.621524 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.621524 5.621524 0.000000 1000.000000
CB-4 644.402375 39.616122 3.622523 43.238645 0.000000 604.786253
CB-5 1000.000000 0.000000 5.621524 5.621524 0.000000 1000.000000
CB-6 819.184829 20.144105 4.605067 24.749172 0.000000 799.040724
CB-7 1000.000000 0.000000 5.621524 5.621524 0.000000 1000.000000
NB-1 788.073805 51.661314 4.431894 56.093208 0.000000 736.412491
NB-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-3 1000.000000 0.000000 5.623704 5.623704 0.000000 1000.000000
NB-4 771.485791 43.540420 4.338608 47.879028 0.000000 727.945371
A-P 955.480928 1.325536 0.000000 1.325536 0.000000 954.155392
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-1 992.007562 2.690201 5.576671 8.266872 0.000000 989.317362
M-2 992.007564 2.690201 5.576669 8.266870 0.000000 989.317363
M-3 992.007563 2.690200 5.576672 8.266872 0.000000 989.317363
B-1 992.007566 2.690202 5.576670 8.266872 0.000000 989.317364
B-2 992.007564 2.690199 5.576669 8.266868 0.000000 989.317365
B-3 992.007533 2.690200 5.576672 8.266872 0.000000 989.317317
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:58:02 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4301
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 71,180.31
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,474.58
SUBSERVICER ADVANCES THIS MONTH 48,453.95
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 4,969,434.30
(B) TWO MONTHLY PAYMENTS: 5 703,375.15
(C) THREE OR MORE MONTHLY PAYMENTS: 3 350,776.76
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 576,000.56
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 337,569,672.91
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,730
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,281,653.42
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 623,599.04
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.20657910 % 6.40686900 % 1.38531410 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.03977520 % 6.54397274 % 1.41518900 %
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 8.03866000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.99
POOL TRADING FACTOR: 83.90751426
................................................................................
Run: 05/26/99 13:58:04 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 172,668,000.00 141,761,694.67 6.750000 % 4,563,051.55
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 % 1,757,141.38
NB-2 76110FUD3 77,840,000.00 52,455,370.61 6.750000 % 1,708,647.86
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 72,685.53 0.000000 % 68.76
A-V 76110FUG6 0.00 0.00 0.945642 % 0.00
R 76110FUH4 100.00 0.00 6.750000 % 0.00
M-1 76110FUJ0 13,245,900.00 13,152,916.21 6.750000 % 9,707.18
M-2 76110FUK5 5,094,600.00 5,058,836.84 6.750000 % 3,733.55
M-3 76110FUM3 4,279,400.00 4,249,359.39 6.750000 % 3,136.13
B-1 76110FUN1 2,037,800.00 2,023,495.02 6.750000 % 1,493.39
B-2 76110FUP6 1,222,600.00 1,214,017.58 6.750000 % 895.98
B-3 76110FUQ4 1,631,527.35 1,620,074.33 6.750000 % 1,195.66
- -------------------------------------------------------------------------------
407,565,332.24 347,300,450.18 8,049,071.44
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 797,173.49 5,360,225.04 0.00 0.00 137,198,643.12
CB-2 199,915.19 199,915.19 0.00 0.00 35,551,000.00
CB-3 248,635.76 248,635.76 0.00 0.00 44,215,000.00
NB-1 181,344.11 1,938,485.49 0.00 0.00 30,484,858.62
NB-2 295,033.57 2,003,681.43 0.00 0.00 50,746,722.75
NB-3 0.00 0.00 0.00 0.00 0.00
NB-4 76,965.22 76,965.22 0.00 0.00 13,684,000.00
A-P 0.00 68.76 0.00 0.00 72,616.77
A-V 273,620.90 273,620.90 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,965.69 83,672.87 0.00 0.00 13,143,209.03
M-2 28,448.48 32,182.03 0.00 0.00 5,055,103.29
M-3 23,896.36 27,032.49 0.00 0.00 4,246,223.26
B-1 11,379.17 12,872.56 0.00 0.00 2,022,001.63
B-2 6,827.05 7,723.03 0.00 0.00 1,213,121.60
B-3 9,110.52 10,306.18 0.00 0.00 1,618,878.68
- -------------------------------------------------------------------------------
2,226,315.51 10,275,386.95 0.00 0.00 339,251,378.75
===============================================================================
Run: 05/26/99 13:58:04
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-1 821.007336 26.426735 4.616799 31.043534 0.000000 794.580601
CB-2 1000.000000 0.000000 5.623335 5.623335 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.623335 5.623335 0.000000 1000.000000
NB-1 1000.000000 54.498523 5.624468 60.122991 0.000000 945.501477
NB-2 673.887084 21.950769 3.790257 25.741026 0.000000 651.936315
NB-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-4 1000.000000 0.000000 5.624468 5.624468 0.000000 1000.000000
A-P 990.200108 0.936683 0.000000 0.936683 0.000000 989.263425
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-1 992.980183 0.732844 5.584044 6.316888 0.000000 992.247339
M-2 992.980183 0.732845 5.584046 6.316891 0.000000 992.247338
M-3 992.980182 0.732843 5.584044 6.316887 0.000000 992.247338
B-1 992.980185 0.732844 5.584047 6.316891 0.000000 992.247340
B-2 992.980190 0.732848 5.584042 6.316890 0.000000 992.247342
B-3 992.980185 0.732847 5.584044 6.316891 0.000000 992.247345
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:58:05 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4311
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 71,555.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,509.20
SUBSERVICER ADVANCES THIS MONTH 49,013.34
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 5,259,052.72
(B) TWO MONTHLY PAYMENTS: 3 283,560.37
(C) THREE OR MORE MONTHLY PAYMENTS: 3 507,676.87
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 644,212.61
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 339,251,378.75
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,558
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,792,758.99
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.13234020 % 6.46734300 % 1.39866990 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.95157820 % 6.61590107 % 1.43110430 %
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 8.02221400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 344.27
POOL TRADING FACTOR: 83.23852691
................................................................................
Run: 05/26/99 13:58:06 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 124,454,000.00 110,380,139.02 6.500000 % 2,064,127.52
NB 76110FTP8 41,430,000.00 33,405,872.62 6.500000 % 1,305,413.62
A-P 76110FTQ6 63,383.01 61,004.13 0.000000 % 242.01
A-V 76110FTV5 0.00 0.00 0.938245 % 0.00
R 76110FTR4 100.00 0.00 6.500000 % 0.00
M-1 76110FTS2 4,507,000.00 4,364,116.59 6.500000 % 14,818.69
M-2 76110FTT0 780,000.00 755,272.01 6.500000 % 2,564.58
M-3 76110FTU7 693,500.00 671,514.27 6.500000 % 2,280.18
B-1 76110FTW3 520,000.00 503,514.68 6.500000 % 1,709.72
B-2 76110FTX1 433,500.00 419,756.94 6.500000 % 1,425.32
B-3 76110FTY9 433,464.63 419,722.69 6.500000 % 1,425.19
- -------------------------------------------------------------------------------
173,314,947.64 150,980,912.95 3,394,006.83
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 597,549.42 2,661,676.94 0.00 0.00 108,316,011.50
NB 180,844.67 1,486,258.29 0.00 0.00 32,100,459.00
A-P 0.00 242.01 0.00 0.00 60,762.12
A-V 117,979.81 117,979.81 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 23,625.40 38,444.09 0.00 0.00 4,349,297.90
M-2 4,088.71 6,653.29 0.00 0.00 752,707.43
M-3 3,635.28 5,915.46 0.00 0.00 669,234.09
B-1 2,725.81 4,435.53 0.00 0.00 501,804.96
B-2 2,272.38 3,697.70 0.00 0.00 418,331.62
B-3 2,272.20 3,697.39 0.00 0.00 418,297.50
- -------------------------------------------------------------------------------
934,993.68 4,329,000.51 0.00 0.00 147,586,906.12
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 886.915158 16.585465 4.801368 21.386833 0.000000 870.329692
NB 806.320845 31.508898 4.365066 35.873964 0.000000 774.811948
A-P 962.468176 3.818184 0.000000 3.818184 0.000000 958.649991
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-1 968.297446 3.287928 5.241935 8.529863 0.000000 965.009519
M-2 968.297449 3.287923 5.241936 8.529859 0.000000 965.009526
M-3 968.297433 3.287931 5.241932 8.529863 0.000000 965.009503
B-1 968.297462 3.287923 5.241942 8.529865 0.000000 965.009539
B-2 968.297439 3.287935 5.241938 8.529873 0.000000 965.009504
B-3 968.297436 3.287904 5.241950 8.529854 0.000000 965.009528
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:58:07 rept2.frg
Page: 2 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
ADDITIONAL RELATED INFORMATION FOR POOL 4306
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 31,242.07
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,785.03
SUBSERVICER ADVANCES THIS MONTH 24,460.64
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 1,986,579.26
(B) TWO MONTHLY PAYMENTS: 1 97,181.38
(C) THREE OR MORE MONTHLY PAYMENTS: 1 468,926.25
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 147,586,906.12
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,574
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 2,881,318.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.27305760 % 3.83552000 % 0.88951260 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.18073660 % 3.91040071 % 0.90725210 %
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 7.76558700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 163.35
POOL TRADING FACTOR: 85.15532453
................................................................................
Run: 05/26/99 13:55:35 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS10(POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4313
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FUR2 25,000,000.00 20,125,372.26 6.750000 % 529,039.33
A-2 76110FUS0 29,011,000.00 11,762,227.15 6.750000 % 1,871,995.09
A-3 76110FUT8 12,434,000.00 12,434,000.00 6.750000 % 0.00
A-4 76110FUU5 17,404,000.00 17,404,000.00 6.750000 % 0.00
A-5 76110FUV3 7,831,000.00 7,831,000.00 6.750000 % 0.00
A-6 76110FUW1 13,853,000.00 13,853,000.00 6.750000 % 0.00
A-7 76110FUX9 14,886,000.00 14,886,000.00 6.750000 % 0.00
A-8 76110FUY7 8,409,000.00 8,409,000.00 6.750000 % 0.00
A-9 76110FUZ4 5,000,000.00 5,000,000.00 6.750000 % 0.00
A-10 76110FVA8 16,186,000.00 16,075,080.06 6.750000 % 11,675.22
A-11 76110FVB6 10,998.00 10,761.99 0.000000 % 10.65
A-12 76110FVC4 0.00 0.00 1.014110 % 0.00
R 76110FVD2 100.00 0.00 6.750000 % 0.00
M-1 76110FVE0 4,827,000.00 4,793,921.39 6.750000 % 3,481.79
M-2 76110FVF7 2,011,300.00 1,997,516.89 6.750000 % 1,450.78
M-3 76110FVG5 2,011,300.00 1,997,516.89 6.750000 % 1,450.78
B-1 76110FVH3 884,900.00 878,835.94 6.750000 % 638.29
B-2 76110FVJ9 482,700.00 479,392.13 6.750000 % 348.18
B-3 76110FVK6 643,577.01 639,166.64 6.750000 % 464.23
- -------------------------------------------------------------------------------
160,885,875.01 138,576,791.34 2,420,554.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 113,176.47 642,215.80 0.00 0.00 19,596,332.93
A-2 66,145.73 1,938,140.82 0.00 0.00 9,890,232.06
A-3 69,923.49 69,923.49 0.00 0.00 12,434,000.00
A-4 97,872.64 97,872.64 0.00 0.00 17,404,000.00
A-5 44,038.19 44,038.19 0.00 0.00 7,831,000.00
A-6 77,903.34 77,903.34 0.00 0.00 13,853,000.00
A-7 83,712.48 83,712.48 0.00 0.00 14,886,000.00
A-8 47,288.62 47,288.62 0.00 0.00 8,409,000.00
A-9 28,117.86 28,117.86 0.00 0.00 5,000,000.00
A-10 90,399.36 102,074.58 0.00 0.00 16,063,404.84
A-11 0.00 10.65 0.00 0.00 10,751.34
A-12 117,080.39 117,080.39 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 26,958.96 30,440.75 0.00 0.00 4,790,439.60
M-2 11,233.18 12,683.96 0.00 0.00 1,996,066.11
M-3 11,233.18 12,683.96 0.00 0.00 1,996,066.11
B-1 4,942.19 5,580.48 0.00 0.00 878,197.65
B-2 2,695.90 3,044.08 0.00 0.00 479,043.95
B-3 3,594.40 4,058.63 0.00 0.00 638,702.41
- -------------------------------------------------------------------------------
896,316.38 3,316,870.72 0.00 0.00 136,156,237.00
===============================================================================
Run: 05/26/99 13:55:35
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS10(POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4313
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 805.014890 21.161573 4.527059 25.688632 0.000000 783.853317
A-2 405.440252 64.527079 2.280022 66.807101 0.000000 340.913173
A-3 1000.000000 0.000000 5.623572 5.623572 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623572 5.623572 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623572 5.623572 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623572 5.623572 0.000000 1000.000000
A-7 1000.000000 0.000000 5.623571 5.623571 0.000000 1000.000000
A-8 1000.000000 0.000000 5.623572 5.623572 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623572 5.623572 0.000000 1000.000000
A-10 993.147168 0.721316 5.585034 6.306350 0.000000 992.425852
A-11 978.540644 0.968358 0.000000 0.968358 0.000000 977.572286
A-12 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-1 993.147170 0.721316 5.585034 6.306350 0.000000 992.425855
M-2 993.147164 0.721315 5.585035 6.306350 0.000000 992.425849
M-3 993.147164 0.721315 5.585035 6.306350 0.000000 992.425849
B-1 993.147180 0.721313 5.585027 6.306340 0.000000 992.425867
B-2 993.147151 0.721318 5.585042 6.306360 0.000000 992.425834
B-3 993.147098 0.721312 5.585035 6.306347 0.000000 992.425770
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:55:36 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS10 (POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4313
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 28,625.05
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,931.12
SUBSERVICER ADVANCES THIS MONTH 24,685.97
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 15 2,064,065.89
(B) TWO MONTHLY PAYMENTS: 4 471,139.33
(C) THREE OR MORE MONTHLY PAYMENTS: 2 419,681.63
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 478,550.99
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 136,156,237.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,041
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 2,319,904.14
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.21573290 % 6.34279200 % 1.44147500 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.08308980 % 6.45036321 % 1.46603760 %
BANKRUPTCY AMOUNT AVAILABLE 132,896.00
FRAUD AMOUNT AVAILABLE 3,217,718.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,608,859.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.09392025
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.22
POOL TRADING FACTOR: 84.62908070
................................................................................
Run: 05/26/99 13:55:37 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 53,030,563.23 6.750000 % 6,496,339.64
A-2 76110FVM2 43,000,000.00 43,000,000.00 6.750000 % 0.00
A-3 76110FVNO 60,000,000.00 60,000,000.00 6.750000 % 0.00
A-4 76110FVP5 27,000,000.00 27,000,000.00 6.750000 % 0.00
A-5 76110FVQ3 52,500,000.00 52,500,000.00 6.750000 % 0.00
A-6 76110FVR1 36,500,000.00 36,500,000.00 6.750000 % 0.00
A-7 76110FVS9 25,000,000.00 25,000,000.00 6.750000 % 0.00
A-8 76110FVT7 10,405,000.00 10,405,000.00 5.712500 % 0.00
A-9 76110FVU4 3,469,000.00 3,469,000.00 9.861905 % 0.00
A-10 76110FVU2 7,590,000.00 7,309,803.76 6.750000 % 50,372.41
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 77,221.63 0.000000 % 69.19
A-14 76110FVZ3 0.00 0.00 0.943513 % 0.00
R 76110FWA7 100.00 0.00 6.750000 % 0.00
M-1 76110FWB5 11,770,000.00 11,693,687.77 6.750000 % 13,719.07
M-2 76110FWC3 5,349,900.00 5,315,213.28 6.750000 % 6,235.82
M-3 76110FWD1 5,349,900.00 5,315,213.28 6.750000 % 6,235.82
B-1 76110FWE9 2,354,000.00 2,338,737.56 6.750000 % 2,743.81
B-2 76110FWF6 1,284,000.00 1,275,675.02 6.750000 % 1,496.63
B-3 76110FWG4 1,712,259.01 1,701,157.34 6.750000 % 1,995.81
- -------------------------------------------------------------------------------
427,987,988.79 381,557,272.87 6,579,208.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 298,155.60 6,794,495.24 0.00 0.00 46,534,223.59
A-2 241,760.41 241,760.41 0.00 0.00 43,000,000.00
A-3 337,340.11 337,340.11 0.00 0.00 60,000,000.00
A-4 151,803.05 151,803.05 0.00 0.00 27,000,000.00
A-5 295,172.59 295,172.59 0.00 0.00 52,500,000.00
A-6 205,215.23 205,215.23 0.00 0.00 36,500,000.00
A-7 140,558.38 140,558.38 0.00 0.00 25,000,000.00
A-8 49,508.67 49,508.67 0.00 0.00 10,405,000.00
A-9 28,495.61 28,495.61 0.00 0.00 3,469,000.00
A-10 41,098.17 91,470.58 0.00 0.00 7,259,431.35
A-11 42,167.51 42,167.51 0.00 0.00 7,500,000.00
A-12 158,133.80 158,133.80 0.00 0.00 28,126,000.00
A-13 0.00 69.19 0.00 0.00 77,152.44
A-14 299,861.40 299,861.40 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,745.83 79,464.90 0.00 0.00 11,679,968.70
M-2 29,883.91 36,119.73 0.00 0.00 5,308,977.46
M-3 29,883.91 36,119.73 0.00 0.00 5,308,977.46
B-1 13,149.17 15,892.98 0.00 0.00 2,335,993.75
B-2 7,172.27 8,668.90 0.00 0.00 1,274,178.39
B-3 9,564.48 11,560.29 0.00 0.00 1,699,161.53
- -------------------------------------------------------------------------------
2,444,670.10 9,023,878.30 0.00 0.00 374,978,064.67
===============================================================================
Run: 05/26/99 13:55:37
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-1 535.662255 65.619592 3.011673 68.631265 0.000000 470.042663
A-2 1000.000000 0.000000 5.622335 5.622335 0.000000 1000.000000
A-3 1000.000000 0.000000 5.622335 5.622335 0.000000 1000.000000
A-4 1000.000000 0.000000 5.622335 5.622335 0.000000 1000.000000
A-5 1000.000000 0.000000 5.622335 5.622335 0.000000 1000.000000
A-6 1000.000000 0.000000 5.622335 5.622335 0.000000 1000.000000
A-7 1000.000000 0.000000 5.622335 5.622335 0.000000 1000.000000
A-8 1000.000000 0.000000 4.758161 4.758161 0.000000 1000.000000
A-9 1000.000000 0.000000 8.214359 8.214359 0.000000 1000.000000
A-10 963.083499 6.636681 5.414779 12.051460 0.000000 956.446818
A-11 1000.000000 0.000000 5.622335 5.622335 0.000000 1000.000000
A-12 1000.000000 0.000000 5.622335 5.622335 0.000000 1000.000000
A-13 992.186153 0.888991 0.000000 0.888991 0.000000 991.297162
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-1 993.516378 1.165596 5.585882 6.751478 0.000000 992.350782
M-2 993.516380 1.165596 5.585882 6.751478 0.000000 992.350784
M-3 993.516380 1.165596 5.585882 6.751478 0.000000 992.350784
B-1 993.516381 1.165595 5.585884 6.751479 0.000000 992.350786
B-2 993.516371 1.165600 5.585880 6.751480 0.000000 992.350771
B-3 993.516361 1.165595 5.585884 6.751479 0.000000 992.350760
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:55:38 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS9 (POOL # 4314)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4314
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 78,861.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,732.35
SUBSERVICER ADVANCES THIS MONTH 65,028.83
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 5,647,375.21
(B) TWO MONTHLY PAYMENTS: 9 1,451,457.03
(C) THREE OR MORE MONTHLY PAYMENTS: 2 358,332.53
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 1,478,215.05
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 374,978,064.67
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,876
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,131,585.78
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 165,557.94
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.75461870 % 5.85197400 % 1.39340700 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.63611890 % 5.94646080 % 1.41619650 %
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 8.01921989
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.47
POOL TRADING FACTOR: 87.61415612
................................................................................
Run: 05/26/99 13:55:49 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 65,042,320.24 6.750000 % 5,904,621.73
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 5.738750 % 0.00
A-8 76110FWQ2 5,046,000.00 5,046,000.00 10.000870 % 0.00
A-9 76110FWR0 96,429,000.00 96,429,000.00 6.750000 % 0.00
A-10 76110FWS8 62,872.89 62,294.41 0.000000 % 83.43
A-11 76110FWT6 0.00 0.00 0.893162 % 0.00
R 76110FWU3 100.00 0.00 6.750000 % 0.00
M-1 76110FWV1 13,198,800.00 13,116,470.68 6.750000 % 9,735.38
M-2 76110FWW9 6,000,000.00 5,962,574.18 6.750000 % 4,425.58
M-3 76110FWX7 4,799,500.00 4,769,562.46 6.750000 % 3,540.09
B-1 76110FWY5 2,639,600.00 2,623,135.14 6.750000 % 1,946.96
B-2 76110FWZ2 1,439,500.00 1,430,520.92 6.750000 % 1,061.77
B-3 76110FXA6 1,919,815.88 1,907,840.79 6.750000 % 1,416.05
- -------------------------------------------------------------------------------
479,943,188.77 432,680,718.82 5,926,830.99
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 365,752.02 6,270,373.75 0.00 0.00 59,137,698.51
A-2 269,732.50 269,732.50 0.00 0.00 47,967,000.00
A-3 379,690.37 379,690.37 0.00 0.00 67,521,000.00
A-4 170,644.45 170,644.45 0.00 0.00 30,346,000.00
A-5 256,478.39 256,478.39 0.00 0.00 45,610,000.00
A-6 160,983.63 160,983.63 0.00 0.00 28,628,000.00
A-7 77,540.45 77,540.45 0.00 0.00 16,219,000.00
A-8 42,040.90 42,040.90 0.00 0.00 5,046,000.00
A-9 542,248.52 542,248.52 0.00 0.00 96,429,000.00
A-10 0.00 83.43 0.00 0.00 62,210.98
A-11 321,947.42 321,947.42 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,757.76 83,493.14 0.00 0.00 13,106,735.30
M-2 33,529.30 37,954.88 0.00 0.00 5,958,148.60
M-3 26,820.65 30,360.74 0.00 0.00 4,766,022.37
B-1 14,750.66 16,697.62 0.00 0.00 2,621,188.18
B-2 8,044.24 9,106.01 0.00 0.00 1,429,459.15
B-3 10,728.34 12,144.39 0.00 0.00 1,906,424.74
- -------------------------------------------------------------------------------
2,754,689.60 8,681,520.59 0.00 0.00 426,753,887.83
===============================================================================
Run: 05/26/99 13:55:49
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-1 580.128975 52.664821 3.262235 55.927056 0.000000 527.464154
A-2 1000.000000 0.000000 5.623293 5.623293 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623293 5.623293 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623293 5.623293 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623293 5.623293 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623293 5.623293 0.000000 1000.000000
A-7 1000.000000 0.000000 4.780840 4.780840 0.000000 1000.000000
A-8 1000.000000 0.000000 8.331530 8.331530 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623293 5.623293 0.000000 1000.000000
A-10 990.799214 1.326963 0.000000 1.326963 0.000000 989.472251
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-1 993.762363 0.737596 5.588217 6.325813 0.000000 993.024767
M-2 993.762363 0.737597 5.588217 6.325814 0.000000 993.024767
M-3 993.762363 0.737596 5.588218 6.325814 0.000000 993.024767
B-1 993.762366 0.737597 5.588218 6.325815 0.000000 993.024769
B-2 993.762362 0.737596 5.588218 6.325814 0.000000 993.024766
B-3 993.762376 0.737597 5.588213 6.325810 0.000000 993.024779
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:55:50 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS11 (POOL # 4319)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4319
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 89,419.75
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,290.61
SUBSERVICER ADVANCES THIS MONTH 62,575.51
MASTER SERVICER ADVANCES THIS MONTH 1,118.14
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 54 6,305,693.30
(B) TWO MONTHLY PAYMENTS: 6 1,325,067.85
(C) THREE OR MORE MONTHLY PAYMENTS: 4 315,881.48
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 595,035.58
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 426,753,887.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,269
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 146,374.43
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,605,674.48
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.10937710 % 5.51261900 % 1.37800350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.01885180 % 5.58422710 % 1.39610690 %
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 7.96982414
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.39
POOL TRADING FACTOR: 88.91758396
................................................................................
Run: 05/26/99 13:58:11 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 188,037,444.00 174,624,589.19 7.000000 % 1,402,476.65
CB-2 76110FXP8 6,964,350.00 6,467,577.57 0.000000 % 51,943.58
NB-1 76110FXQ1 25,499,800.00 20,261,831.13 6.750000 % 1,581,859.13
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 12,514,059.61 6.400000 % 825,916.57
NB-8 76110FXX6 20,899,000.00 17,894,550.69 6.100000 % 907,304.77
NB-9 76110FXY4 0.00 0.00 0.650000 % 0.00
A-P 76110FXZ1 58,061.92 57,137.04 0.000000 % 51.85
A-V 76110FYA5 0.00 0.00 0.844993 % 0.00
R-I 76110FYB3 100.00 0.00 6.750000 % 0.00
R-II 76110FYC1 100.00 0.00 6.750000 % 0.00
M-1 76110FYD9 8,802,500.00 8,758,965.63 6.750000 % 6,441.03
M-2 76110FYE7 4,001,000.00 3,981,212.32 6.750000 % 2,927.64
M-3 76110FYF4 3,201,000.00 3,185,168.86 6.750000 % 2,342.26
B-1 76110FYG2 1,760,300.00 1,751,594.11 6.750000 % 1,288.06
B-2 76110FYH0 960,000.00 955,252.14 6.750000 % 702.46
B-3 76110FYJ6 1,280,602.22 1,274,268.81 6.750000 % 937.02
- -------------------------------------------------------------------------------
320,086,417.14 295,099,366.10 4,784,191.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,018,078.47 2,420,555.12 0.00 0.00 173,222,112.54
CB-2 0.00 51,943.58 0.00 0.00 6,415,633.99
NB-1 113,968.28 1,695,827.41 0.00 0.00 18,679,972.00
NB-2 41,752.72 41,752.72 0.00 0.00 7,423,000.00
NB-3 120,539.85 120,539.85 0.00 0.00 21,430,159.00
NB-4 22,611.60 22,611.60 0.00 0.00 4,020,000.00
NB-5 59,060.16 59,060.16 0.00 0.00 10,500,000.00
NB-6 3,649.79 3,649.79 0.00 0.00 0.00
NB-7 66,739.00 892,655.57 0.00 0.00 11,688,143.04
NB-8 90,960.36 998,265.13 0.00 0.00 16,987,245.92
NB-9 9,692.50 9,692.50 0.00 0.00 0.00
A-P 0.00 51.85 0.00 0.00 57,085.19
A-V 207,718.85 207,718.85 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 49,248.26 55,689.29 0.00 0.00 8,752,524.60
M-2 22,384.81 25,312.45 0.00 0.00 3,978,284.68
M-3 17,908.96 20,251.22 0.00 0.00 3,182,826.60
B-1 9,848.54 11,136.60 0.00 0.00 1,750,306.05
B-2 5,371.01 6,073.47 0.00 0.00 954,549.68
B-3 7,164.72 8,101.74 0.00 0.00 1,273,331.76
- -------------------------------------------------------------------------------
1,866,697.88 6,650,888.90 0.00 0.00 290,315,175.05
===============================================================================
Run: 05/26/99 13:58:11
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-1 928.669235 7.458497 5.414233 12.872730 0.000000 921.210738
CB-2 928.669233 7.458496 0.000000 7.458496 0.000000 921.210736
NB-1 794.587845 62.034178 4.469379 66.503557 0.000000 732.553667
NB-2 1000.000000 0.000000 5.624777 5.624777 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624776 5.624776 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.624776 5.624776 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.624777 5.624777 0.000000 1000.000000
NB-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-7 820.647886 54.162015 4.376615 58.538630 0.000000 766.485871
NB-8 856.239566 43.413789 4.352379 47.766168 0.000000 812.825777
NB-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-P 984.070799 0.893017 0.000000 0.893017 0.000000 983.177782
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 995.054318 0.731727 5.594804 6.326531 0.000000 994.322590
M-2 995.054316 0.731727 5.594804 6.326531 0.000000 994.322589
M-3 995.054314 0.731728 5.594802 6.326530 0.000000 994.322587
B-1 995.054315 0.731728 5.594808 6.326536 0.000000 994.322587
B-2 995.054313 0.731729 5.594802 6.326531 0.000000 994.322583
B-3 995.054350 0.731703 5.594805 6.326508 0.000000 994.322625
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:58:12 rept2.frg
Page: 3 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
ADDITIONAL RELATED INFORMATION FOR POOL 4321
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 60,858.17
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,372.14
SUBSERVICER ADVANCES THIS MONTH 55,914.01
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 6,347,585.35
(B) TWO MONTHLY PAYMENTS: 1 68,776.98
(C) THREE OR MORE MONTHLY PAYMENTS: 4 487,018.38
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 860,070.97
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 290,315,175.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,055
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 4,567,163.62
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.23495700 % 5.39660500 % 1.34907610 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.14684960 % 5.48150329 % 1.37056900 %
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 7.92094800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.27
POOL TRADING FACTOR: 90.69899862
................................................................................
Run: 05/26/99 13:58:14 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 112,514,000.00 105,482,174.73 6.500000 % 848,883.93
NB 37,758,000.00 33,303,155.37 6.500000 % 523,592.00
A-P 53,454.22 52,075.81 0.000000 % 202.81
A-V 0.00 0.00 0.849035 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 4,083,000.00 3,992,221.58 6.500000 % 13,474.44
M-2 706,500.00 690,792.20 6.500000 % 2,331.54
M-3 628,000.00 614,037.51 6.500000 % 2,072.48
B-1 471,000.00 460,528.14 6.500000 % 1,554.36
B-2 314,000.00 307,018.76 6.500000 % 1,036.24
B-3 471,221.05 460,744.27 6.500000 % 1,555.09
- -------------------------------------------------------------------------------
156,999,275.27 145,362,748.37 1,394,702.89
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 570,378.67 1,419,262.60 0.00 0.00 104,633,290.80
NB 180,081.70 703,673.70 0.00 0.00 32,779,563.37
A-P 0.00 202.81 0.00 0.00 51,873.00
A-V 102,671.45 102,671.45 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 21,587.32 35,061.76 0.00 0.00 3,978,747.14
M-2 3,735.35 6,066.89 0.00 0.00 688,460.66
M-3 3,320.32 5,392.80 0.00 0.00 611,965.03
B-1 2,490.24 4,044.60 0.00 0.00 458,973.78
B-2 1,660.16 2,696.40 0.00 0.00 305,982.52
B-3 2,491.41 4,046.50 0.00 0.00 459,189.17
- -------------------------------------------------------------------------------
888,416.62 2,283,119.51 0.00 0.00 143,968,045.47
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 937.502664 7.544696 5.069402 12.614098 0.000000 929.957968
NB 882.015874 13.867048 4.769365 18.636413 0.000000 868.148826
A-P 974.213261 3.794154 0.000000 3.794154 0.000000 970.419107
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-1 977.766735 3.300132 5.287122 8.587254 0.000000 974.466603
M-2 977.766737 3.300127 5.287120 8.587247 0.000000 974.466610
M-3 977.766736 3.300127 5.287134 8.587261 0.000000 974.466608
B-1 977.766752 3.300127 5.287134 8.587261 0.000000 974.466624
B-2 977.766752 3.300127 5.287134 8.587261 0.000000 974.466624
B-3 977.766740 3.300128 5.287136 8.587264 0.000000 974.466598
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:58:15 rept2.frg
Page: 2 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
ADDITIONAL RELATED INFORMATION FOR POOL 4322
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 30,148.90
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,539.71
SUBSERVICER ADVANCES THIS MONTH 17,451.03
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 13 1,648,009.57
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 1 164,449.80
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 51,014.13
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 143,968,045.47
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,355
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 904,095.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.50938530 % 3.64402300 % 0.84498350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.48117620 % 3.66690595 % 0.85059620 %
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 7.67434400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 166.66
POOL TRADING FACTOR: 91.69981532
................................................................................
Run: 05/26/99 13:56:11 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS14(POOL # 4335)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4335
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FYK3 104,208,000.00 104,208,000.00 6.750000 % 0.00
A-2 76110FYL1 97,975,000.00 83,006,348.72 6.500000 % 3,343,834.33
A-3 76110FYM9 46,000,000.00 38,972,105.19 6.250000 % 1,569,955.47
A-4 76110FYN7 37,995,000.00 32,190,111.65 8.000000 % 1,296,749.10
A-5 76110FYP2 25,759,000.00 25,759,000.00 6.750000 % 0.00
A-6 76110FYQ0 88,071,000.00 88,071,000.00 6.750000 % 0.00
A-P 76110FYR8 95,321.30 91,097.20 0.000000 % 92.26
A-V 76110FYS6 0.00 0.00 0.828701 % 0.00
R 76110FYT4 100.00 0.00 6.750000 % 0.00
M-1 76110FYU1 12,410,000.00 12,341,389.43 6.750000 % 9,043.06
M-2 76110FYV9 5,563,000.00 5,532,244.12 6.750000 % 4,053.71
M-3 76110FYW7 4,279,000.00 4,255,342.90 6.750000 % 3,118.07
B-1 76110FYX5 2,567,500.00 2,553,305.20 6.750000 % 1,870.92
B-2 76110FYY3 1,283,800.00 1,276,702.32 6.750000 % 935.49
B-3 76110FYZ0 1,711,695.86 1,702,232.47 6.750000 % 1,247.32
- -------------------------------------------------------------------------------
427,918,417.16 399,958,879.20 6,230,899.73
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 586,032.15 586,032.15 0.00 0.00 104,208,000.00
A-2 449,511.98 3,793,346.31 0.00 0.00 79,662,514.39
A-3 202,931.97 1,772,887.44 0.00 0.00 37,402,149.72
A-4 214,550.27 1,511,299.37 0.00 0.00 30,893,362.55
A-5 144,860.30 144,860.30 0.00 0.00 25,759,000.00
A-6 495,282.88 495,282.88 0.00 0.00 88,071,000.00
A-P 0.00 92.26 0.00 0.00 91,004.94
A-V 276,140.38 276,140.38 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 69,403.99 78,447.05 0.00 0.00 12,332,346.37
M-2 31,111.55 35,165.26 0.00 0.00 5,528,190.41
M-3 23,930.67 27,048.74 0.00 0.00 4,252,224.83
B-1 14,358.96 16,229.88 0.00 0.00 2,551,434.28
B-2 7,179.76 8,115.25 0.00 0.00 1,275,766.83
B-3 9,572.81 10,820.13 0.00 0.00 1,700,985.15
- -------------------------------------------------------------------------------
2,524,867.67 8,755,767.40 0.00 0.00 393,727,979.47
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 0.000000 5.623677 5.623677 0.000000 1000.000000
A-2 847.219686 34.129465 4.588027 38.717492 0.000000 813.090221
A-3 847.219678 34.129467 4.411565 38.541032 0.000000 813.090211
A-4 847.219678 34.129467 5.646803 39.776270 0.000000 813.090211
A-5 1000.000000 0.000000 5.623677 5.623677 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623677 5.623677 0.000000 1000.000000
A-P 955.685665 0.967884 0.000000 0.967884 0.000000 954.717781
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-1 994.471348 0.728691 5.592586 6.321277 0.000000 993.742657
M-2 994.471350 0.728691 5.592585 6.321276 0.000000 993.742659
M-3 994.471348 0.728691 5.592585 6.321276 0.000000 993.742657
B-1 994.471353 0.728693 5.592584 6.321277 0.000000 993.742660
B-2 994.471351 0.728688 5.592585 6.321273 0.000000 993.742662
B-3 994.471337 0.728693 5.592588 6.321281 0.000000 993.742635
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:56:11 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS14 (POOL # 4335)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4335
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 82,597.04
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,469.06
SUBSERVICER ADVANCES THIS MONTH 47,037.57
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 5,612,176.95
(B) TWO MONTHLY PAYMENTS: 2 284,201.39
(C) THREE OR MORE MONTHLY PAYMENTS: 1 546,861.14
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 151,110.73
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 393,727,979.48
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,020
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 5,937,817.41
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.08240930 % 5.53407300 % 1.38351730 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.97806110 % 5.61625355 % 1.40438690 %
BANKRUPTCY AMOUNT AVAILABLE 190,375.00
FRAUD AMOUNT AVAILABLE 8,558,368.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,279,184.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.90268700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.92
POOL TRADING FACTOR: 92.01005699
................................................................................
Run: 05/26/99 13:58:16 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS15(POOL # 4336)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4336
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB 250,018,000.00 238,347,230.29 6.500000 % 2,309,274.48
NB 150,029,000.00 141,234,116.55 6.500000 % 2,587,066.72
A-V 0.00 0.00 1.021588 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 14,626,000.00 14,573,050.38 6.500000 % 10,868.89
M-2 5,377,000.00 5,357,533.97 6.500000 % 3,995.76
M-3 4,517,000.00 4,500,647.38 6.500000 % 3,356.68
B-1 2,581,000.00 2,571,656.16 6.500000 % 1,918.00
B-2 1,290,500.00 1,285,828.08 6.500000 % 959.00
B-3 1,720,903.67 1,714,673.59 6.500000 % 1,278.84
- -------------------------------------------------------------------------------
430,159,503.67 409,584,736.40 4,918,718.37
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 1,290,388.13 3,599,662.61 0.00 0.00 236,037,955.81
NB 764,916.76 3,351,983.48 0.00 0.00 138,647,049.83
A-V 348,560.12 348,560.12 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 78,903.30 89,772.19 0.00 0.00 14,562,181.49
M-2 29,007.46 33,003.22 0.00 0.00 5,353,538.21
M-3 24,367.99 27,724.67 0.00 0.00 4,497,290.70
B-1 13,923.79 15,841.79 0.00 0.00 2,569,738.16
B-2 6,961.90 7,920.90 0.00 0.00 1,284,869.08
B-3 9,283.81 10,562.65 0.00 0.00 1,713,394.74
- -------------------------------------------------------------------------------
2,566,313.26 7,485,031.63 0.00 0.00 404,666,018.02
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 953.320282 9.236433 5.161181 14.397614 0.000000 944.083849
NB 941.378777 17.243778 5.098459 22.342237 0.000000 924.134999
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.379761 0.743121 5.394729 6.137850 0.000000 995.636640
M-2 996.379760 0.743121 5.394729 6.137850 0.000000 995.636639
M-3 996.379761 0.743122 5.394729 6.137851 0.000000 995.636639
B-1 996.379760 0.743123 5.394727 6.137850 0.000000 995.636637
B-2 996.379760 0.743123 5.394731 6.137854 0.000000 995.636637
B-3 996.379763 0.743121 5.394730 6.137851 0.000000 995.636635
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:58:17 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS15 (POOL # 4336)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4336
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 85,074.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,328.46
SUBSERVICER ADVANCES THIS MONTH 57,598.44
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 5,894,874.45
(B) TWO MONTHLY PAYMENTS: 7 1,289,214.46
(C) THREE OR MORE MONTHLY PAYMENTS: 2 419,608.70
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 452,160.14
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 404,666,018.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,897
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 4,613,274.23
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.67468070 % 5.96487800 % 1.36044080 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.59117120 % 6.03287880 % 1.37595000 %
BANKRUPTCY AMOUNT AVAILABLE 164,263.00
FRAUD AMOUNT AVAILABLE 8,603,190.04
SPECIAL HAZARD AMOUNT AVAILABLE 301,595.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.82061100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.79
POOL TRADING FACTOR: 94.07348078
................................................................................
Run: 05/26/99 13:56:13 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS16(POOL # 4337)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4337
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FZA4 109,739,000.00 104,302,587.10 6.500000 % 703,799.20
A-P 76110FZB2 32,286.88 31,736.52 0.000000 % 111.72
A-V 76110FZC0 0.00 0.00 0.757010 % 0.00
R 76110FZD8 100.00 0.00 6.500000 % 0.00
M-1 76110FZE6 3,276,000.00 3,224,342.93 6.500000 % 10,618.31
M-2 76110FZF3 517,300.00 509,143.04 6.500000 % 1,676.70
M-3 76110FZG1 459,700.00 452,451.30 6.500000 % 1,490.00
B-1 76110FZH9 344,800.00 339,363.07 6.500000 % 1,117.58
B-2 76110FZJ5 229,800.00 226,176.43 6.500000 % 744.84
B-3 76110FZK2 344,884.43 339,446.19 6.500000 % 1,117.85
- -------------------------------------------------------------------------------
114,943,871.31 109,425,246.58 720,676.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 564,676.21 1,268,475.41 0.00 0.00 103,598,787.90
A-P 0.00 111.72 0.00 0.00 31,624.80
A-V 68,993.83 68,993.83 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,456.04 28,074.35 0.00 0.00 3,213,724.62
M-2 2,756.41 4,433.11 0.00 0.00 507,466.34
M-3 2,449.50 3,939.50 0.00 0.00 450,961.30
B-1 1,837.26 2,954.84 0.00 0.00 338,245.49
B-2 1,224.48 1,969.32 0.00 0.00 225,431.59
B-3 1,837.71 2,955.56 0.00 0.00 338,328.34
- -------------------------------------------------------------------------------
661,231.44 1,381,907.64 0.00 0.00 108,704,570.38
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 950.460521 6.413392 5.145629 11.559021 0.000000 944.047129
A-P 982.954067 3.460229 0.000000 3.460229 0.000000 979.493838
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 984.231664 3.241242 5.328462 8.569704 0.000000 980.990421
M-2 984.231664 3.241253 5.328455 8.569708 0.000000 980.990412
M-3 984.231673 3.241244 5.328475 8.569719 0.000000 980.990429
B-1 984.231642 3.241241 5.328480 8.569721 0.000000 980.990400
B-2 984.231636 3.241253 5.328460 8.569713 0.000000 980.990383
B-3 984.231703 3.241231 5.328481 8.569712 0.000000 980.990473
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:56:14 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS16 (POOL # 4337)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4337
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 22,760.23
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,730.44
SUBSERVICER ADVANCES THIS MONTH 10,170.51
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 11 754,069.62
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 2 314,637.55
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 108,704,570.38
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,166
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 360,314.94
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.34622940 % 3.82649500 % 0.82727550 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.33079950 % 3.83806518 % 0.83001840 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,298,877.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,296,326.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.58264355
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 169.39
POOL TRADING FACTOR: 94.57187159
................................................................................
Run: 05/26/99 13:58:18 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS17(POOL # 4347)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4347
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FZX4 12,110,000.00 9,747,961.97 6.500000 % 577,278.89
A-2 76110FZY2 100,000,000.00 92,862,565.76 6.500000 % 1,744,379.25
A-3 76110FZZ9 33,937,000.00 31,818,202.01 6.500000 % 517,831.36
A-4 76110FA29 25,000,000.00 25,000,000.00 6.500000 % 0.00
A-5 76110FA37 14,321,000.00 14,321,000.00 6.500000 % 0.00
A-6 76110FA45 723,000.00 723,000.00 6.500000 % 0.00
A-7 76110FA52 15,000,000.00 15,000,000.00 6.500000 % 0.00
A-8 76110FC76 24,000,000.00 24,000,000.00 6.500000 % 0.00
CB 76110FA60 200,070,000.00 192,991,425.83 6.500000 % 2,648,414.21
NB-1 76110FA78 73,215,000.00 70,508,708.80 6.500000 % 1,305,205.41
NB-2 76110FA86 2,000,000.00 2,000,000.00 6.500000 % 0.00
NB-3 76110FA94 4,725,000.00 4,725,000.00 6.500000 % 0.00
NB-4 76110FB28 4,735,000.00 4,735,000.00 6.500000 % 0.00
NB-5 76110FB36 2,800,000.00 2,800,000.00 6.500000 % 0.00
NB-6 76110FB44 2,664,000.00 2,664,000.00 6.500000 % 0.00
NB-7 76110FB51 10,000,000.00 10,000,000.00 6.500000 % 0.00
A-P 76110FB69 60,240.84 59,991.82 0.000000 % 64.94
A-V 76110FB77 0.00 0.00 0.972242 % 0.00
R 76110FB85 100.00 0.00 6.500000 % 0.00
M-1 76110FB93 19,207,000.00 19,150,830.16 6.500000 % 14,241.10
M-2 76110FC27 7,062,000.00 7,041,347.55 6.500000 % 5,236.15
M-3 76110FC35 5,932,000.00 5,914,652.20 6.500000 % 4,398.30
B-1 76110FC43 3,389,000.00 3,379,089.05 6.500000 % 2,512.79
B-2 76110FC50 1,694,000.00 1,689,045.98 6.500000 % 1,256.02
B-3 76110FC68 2,259,938.31 2,253,452.00 6.500000 % 1,675.73
- -------------------------------------------------------------------------------
564,904,279.15 543,385,273.13 6,822,494.15
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 52,794.34 630,073.23 0.00 0.00 9,170,683.08
A-2 502,937.74 2,247,316.99 0.00 0.00 91,118,186.51
A-3 172,325.35 690,156.71 0.00 0.00 31,300,370.65
A-4 135,398.41 135,398.41 0.00 0.00 25,000,000.00
A-5 77,561.62 77,561.62 0.00 0.00 14,321,000.00
A-6 3,915.72 3,915.72 0.00 0.00 723,000.00
A-7 81,239.05 81,239.05 0.00 0.00 15,000,000.00
A-8 129,982.47 129,982.47 0.00 0.00 24,000,000.00
CB 1,044,832.66 3,693,246.87 0.00 0.00 190,343,011.62
NB-1 381,870.50 1,687,075.91 0.00 0.00 69,203,503.39
NB-2 10,831.86 10,831.86 0.00 0.00 2,000,000.00
NB-3 25,590.29 25,590.29 0.00 0.00 4,725,000.00
NB-4 25,644.45 25,644.45 0.00 0.00 4,735,000.00
NB-5 15,164.62 15,164.62 0.00 0.00 2,800,000.00
NB-6 14,428.05 14,428.05 0.00 0.00 2,664,000.00
NB-7 54,159.34 54,159.34 0.00 0.00 10,000,000.00
A-P 0.00 64.94 0.00 0.00 59,926.88
A-V 440,128.46 440,128.46 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 103,699.96 117,941.06 0.00 0.00 19,136,589.06
M-2 38,128.24 43,364.39 0.00 0.00 7,036,111.40
M-3 32,027.29 36,425.59 0.00 0.00 5,910,253.90
B-1 18,297.45 20,810.24 0.00 0.00 3,376,576.26
B-2 9,146.03 10,402.05 0.00 0.00 1,687,789.96
B-3 12,202.23 13,877.96 0.00 0.00 2,251,776.30
- -------------------------------------------------------------------------------
3,382,306.13 10,204,800.28 0.00 0.00 536,562,779.01
===============================================================================
Run: 05/26/99 13:58:18
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS17(POOL # 4347)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4347
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 804.951443 47.669603 4.359566 52.029169 0.000000 757.281840
A-2 928.625658 17.443793 5.029377 22.473170 0.000000 911.181865
A-3 937.566727 15.258607 5.077802 20.336409 0.000000 922.308120
A-4 1000.000000 0.000000 5.415936 5.415936 0.000000 1000.000000
A-5 1000.000000 0.000000 5.415936 5.415936 0.000000 1000.000000
A-6 1000.000000 0.000000 5.415936 5.415936 0.000000 1000.000000
A-7 1000.000000 0.000000 5.415936 5.415936 0.000000 1000.000000
A-8 1000.000000 0.000000 5.415936 5.415936 0.000000 1000.000000
CB 964.619512 13.237438 5.222335 18.459773 0.000000 951.382074
NB-1 963.036383 17.827022 5.215741 23.042763 0.000000 945.209361
NB-2 1000.000000 0.000000 5.415932 5.415932 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.415934 5.415934 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.415935 5.415935 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.415935 5.415935 0.000000 1000.000000
NB-6 1000.000000 0.000000 5.415934 5.415934 0.000000 1000.000000
NB-7 1000.000000 0.000000 5.415934 5.415934 0.000000 1000.000000
A-P 995.866260 1.077940 0.000000 1.077940 0.000000 994.788319
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-1 997.075554 0.741454 5.399071 6.140525 0.000000 996.334100
M-2 997.075552 0.741454 5.399071 6.140525 0.000000 996.334098
M-3 997.075556 0.741453 5.399071 6.140524 0.000000 996.334103
B-1 997.075553 0.741455 5.399071 6.140526 0.000000 996.334099
B-2 997.075549 0.741452 5.399072 6.140524 0.000000 996.334097
B-3 997.129873 0.741494 5.399366 6.140860 0.000000 996.388391
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:58:19 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS17 (POOL # 4347)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4347
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 112,762.10
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 15,834.42
SUBSERVICER ADVANCES THIS MONTH 49,545.07
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 5,592,457.18
(B) TWO MONTHLY PAYMENTS: 7 939,321.83
(C) THREE OR MORE MONTHLY PAYMENTS: 3 337,612.21
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 58,871.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 536,562,779.01
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,001
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 6,419,042.48
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.73288940 % 5.90866800 % 1.34740260 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.64596330 % 5.97934773 % 1.36352030 %
BANKRUPTCY AMOUNT AVAILABLE 212,158.00
FRAUD AMOUNT AVAILABLE 11,298,086.00
SPECIAL HAZARD AMOUNT AVAILABLE 5,649,043.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.79855100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.63
POOL TRADING FACTOR: 94.98295531
................................................................................
Run: 05/26/99 13:56:31 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-QS1(POOL # 4355)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4355
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FC84 49,523,000.00 41,730,228.98 6.500000 % 4,823,918.92
A-2 76110FC92 25,000,000.00 25,000,000.00 6.500000 % 0.00
A-3 76110FD26 25,001,570.00 24,948,636.08 6.500000 % 18,013.48
A-4 76110FD34 2,475,344.00 2,475,344.00 6.500000 % 0.00
A-5 76110FD42 14,025,030.00 14,025,030.00 6.500000 % 0.00
A-6 76110FD59 133,990,656.00 133,990,656.00 6.500000 % 0.00
A-P 76110FD67 16,409.82 16,342.27 0.000000 % 26.59
A-V 76110FD75 0.00 0.00 1.081391 % 0.00
R 76110FD83 100.00 0.00 6.500000 % 0.00
M-1 76110FD91 9,141,000.00 9,121,646.46 6.500000 % 6,586.03
M-2 76110FE25 3,360,700.00 3,353,584.64 6.500000 % 2,421.36
M-3 76110FE33 2,823,000.00 2,817,023.08 6.500000 % 2,033.95
B-1 76110FE41 1,613,200.00 1,609,784.49 6.500000 % 1,162.30
B-2 76110FE58 806,600.00 804,892.25 6.500000 % 581.15
B-3 76110FE66 1,075,021.18 1,072,745.10 6.500000 % 774.56
- -------------------------------------------------------------------------------
268,851,631.00 260,965,913.35 4,855,518.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 225,922.43 5,049,841.35 0.00 0.00 36,906,310.06
A-2 135,346.99 135,346.99 0.00 0.00 25,000,000.00
A-3 135,068.91 153,082.39 0.00 0.00 24,930,622.60
A-4 13,401.21 13,401.21 0.00 0.00 2,475,344.00
A-5 75,929.82 75,929.82 0.00 0.00 14,025,030.00
A-6 725,409.27 725,409.27 0.00 0.00 133,990,656.00
A-P 0.00 26.59 0.00 0.00 16,315.68
A-V 235,050.91 235,050.91 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 49,383.50 55,969.53 0.00 0.00 9,115,060.43
M-2 18,155.90 20,577.26 0.00 0.00 3,351,163.28
M-3 15,251.03 17,284.98 0.00 0.00 2,814,989.13
B-1 8,715.18 9,877.48 0.00 0.00 1,608,622.19
B-2 4,357.59 4,938.74 0.00 0.00 804,311.10
B-3 5,807.71 6,582.27 0.00 0.00 1,071,970.54
- -------------------------------------------------------------------------------
1,647,800.45 6,503,318.79 0.00 0.00 256,110,395.01
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 842.643398 97.407647 4.561970 101.969617 0.000000 745.235750
A-2 1000.000000 0.000000 5.413880 5.413880 0.000000 1000.000000
A-3 997.882776 0.720494 5.402417 6.122911 0.000000 997.162282
A-4 1000.000000 0.000000 5.413878 5.413878 0.000000 1000.000000
A-5 1000.000000 0.000000 5.413879 5.413879 0.000000 1000.000000
A-6 1000.000000 0.000000 5.413880 5.413880 0.000000 1000.000000
A-P 995.883562 1.620371 0.000000 1.620371 0.000000 994.263191
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-1 997.882777 0.720493 5.402418 6.122911 0.000000 997.162283
M-2 997.882774 0.720493 5.402416 6.122909 0.000000 997.162282
M-3 997.882777 0.720492 5.402419 6.122911 0.000000 997.162285
B-1 997.882773 0.720493 5.402418 6.122911 0.000000 997.162280
B-2 997.882780 0.720493 5.402418 6.122911 0.000000 997.162286
B-3 997.882758 0.720497 5.402414 6.122911 0.000000 997.162251
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:56:32 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-QS1 (POOL # 4355)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4355
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 53,882.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,531.11
SUBSERVICER ADVANCES THIS MONTH 37,012.44
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 3,934,492.70
(B) TWO MONTHLY PAYMENTS: 5 720,639.64
(C) THREE OR MORE MONTHLY PAYMENTS: 4 531,938.81
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 256,110,395.01
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,878
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 4,667,091.90
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.80333130 % 5.86023300 % 1.33643520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.67217860 % 5.96665076 % 1.36079050 %
BANKRUPTCY AMOUNT AVAILABLE 150,000.00
FRAUD AMOUNT AVAILABLE 5,377,032.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,688,516.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.90520205
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.93
POOL TRADING FACTOR: 95.26086714
................................................................................
Run: 05/26/99 13:56:40 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS2(POOL # 4362)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4362
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FG80 18,049,000.00 15,520,603.22 6.500000 % 1,532,692.18
A-2 76110FE74 95,030,000.00 95,030,000.00 6.500000 % 0.00
A-3 76110FE82 135,727,000.00 132,692,203.88 6.500000 % 1,839,667.06
A-4 76110FE90 3,798,000.00 3,798,000.00 6.500000 % 0.00
A-5 76110FF24 5,219,000.00 5,219,000.00 6.500000 % 0.00
A-6 76110FF32 1,000,000.00 1,000,000.00 6.000000 % 0.00
A-7 76110FF40 1,000,000.00 1,000,000.00 7.000000 % 0.00
A-8 76110FF57 8,003,000.00 8,003,000.00 6.500000 % 0.00
A-9 76110FF65 32,176,000.00 32,176,000.00 6.500000 % 0.00
A-P 76110FF73 35,672.56 35,607.39 0.000000 % 33.18
A-V 76110FF81 0.00 0.00 1.054081 % 0.00
R 76110FF99 100.00 0.00 6.500000 % 0.00
M-1 76110FG23 10,297,000.00 10,277,106.85 6.500000 % 7,346.61
M-2 76110FG31 3,861,100.00 3,853,640.60 6.500000 % 2,754.78
M-3 76110FG49 3,378,500.00 3,371,972.95 6.500000 % 2,410.46
B-1 76110FG56 1,930,600.00 1,926,870.21 6.500000 % 1,377.43
B-2 76110FG64 965,300.00 963,435.10 6.500000 % 688.71
B-3 76110FG72 1,287,113.52 1,284,626.92 6.500000 % 918.32
- -------------------------------------------------------------------------------
321,757,386.08 316,152,067.12 3,387,888.73
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 84,050.89 1,616,743.07 0.00 0.00 13,987,911.04
A-2 514,629.25 514,629.25 0.00 0.00 95,030,000.00
A-3 718,586.66 2,558,253.72 0.00 0.00 130,852,536.82
A-4 20,567.84 20,567.84 0.00 0.00 3,798,000.00
A-5 28,263.18 28,263.18 0.00 0.00 5,219,000.00
A-6 4,998.87 4,998.87 0.00 0.00 1,000,000.00
A-7 5,832.01 5,832.01 0.00 0.00 1,000,000.00
A-8 43,339.76 43,339.76 0.00 0.00 8,003,000.00
A-9 174,247.20 174,247.20 0.00 0.00 32,176,000.00
A-P 0.00 33.18 0.00 0.00 35,574.21
A-V 277,645.27 277,645.27 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 55,655.05 63,001.66 0.00 0.00 10,269,760.24
M-2 20,869.16 23,623.94 0.00 0.00 3,850,885.82
M-3 18,260.71 20,671.17 0.00 0.00 3,369,562.49
B-1 10,434.85 11,812.28 0.00 0.00 1,925,492.78
B-2 5,217.43 5,906.14 0.00 0.00 962,746.39
B-3 6,956.82 7,875.14 0.00 0.00 1,283,708.60
- -------------------------------------------------------------------------------
1,989,554.95 5,377,443.68 0.00 0.00 312,764,178.39
===============================================================================
Run: 05/26/99 13:56:40
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS2(POOL # 4362)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4362
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 859.914855 84.918399 4.656817 89.575216 0.000000 774.996456
A-2 1000.000000 0.000000 5.415440 5.415440 0.000000 1000.000000
A-3 977.640439 13.554172 5.294353 18.848525 0.000000 964.086267
A-4 1000.000000 0.000000 5.415440 5.415440 0.000000 1000.000000
A-5 1000.000000 0.000000 5.415440 5.415440 0.000000 1000.000000
A-6 1000.000000 0.000000 4.998870 4.998870 0.000000 1000.000000
A-7 1000.000000 0.000000 5.832010 5.832010 0.000000 1000.000000
A-8 1000.000000 0.000000 5.415439 5.415439 0.000000 1000.000000
A-9 1000.000000 0.000000 5.415440 5.415440 0.000000 1000.000000
A-P 998.173106 0.930127 0.000000 0.930127 0.000000 997.242979
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.068064 0.713471 5.404977 6.118448 0.000000 997.354593
M-2 998.068064 0.713470 5.404978 6.118448 0.000000 997.354593
M-3 998.068063 0.713470 5.404976 6.118446 0.000000 997.354592
B-1 998.068067 0.713472 5.404978 6.118450 0.000000 997.354594
B-2 998.068062 0.713467 5.404983 6.118450 0.000000 997.354594
B-3 998.068080 0.713472 5.404978 6.118450 0.000000 997.354608
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:56:41 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS2 (POOL # 4362)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4362
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 65,534.69
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 11,340.08
SUBSERVICER ADVANCES THIS MONTH 50,907.15
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 6,031,493.28
(B) TWO MONTHLY PAYMENTS: 7 1,053,473.48
(C) THREE OR MORE MONTHLY PAYMENTS: 1 71,900.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 312,764,178.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,302
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 3,161,879.57
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.14251060 % 5.53679500 % 1.32069440 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.07317720 % 5.59213930 % 1.33404740 %
BANKRUPTCY AMOUNT AVAILABLE 115,826.00
FRAUD AMOUNT AVAILABLE 6,435,148.00
SPECIAL HAZARD AMOUNT AVAILABLE 32,175,740.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.87937055
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.40
POOL TRADING FACTOR: 97.20497242
................................................................................
Run: 05/26/99 13:56:43 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS3(POOL # 4363)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4363
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FJ38 167,033,000.00 166,285,835.85 6.500000 % 1,954,277.00
A-2 76110FJ46 9,013,000.00 9,013,000.00 6.500000 % 0.00
A-3 76110FJ53 25,854,000.00 25,854,000.00 6.500000 % 0.00
A-4 76110FJ61 45,000,000.00 44,831,693.15 6.500000 % 440,222.15
A-5 76110FJ79 60,600,000.00 59,792,148.58 6.500000 % 2,113,010.16
A-6 76110FJ87 100,000,000.00 100,000,000.00 6.500000 % 0.00
A-7 76110FJ95 20,000,000.00 20,000,000.00 6.500000 % 0.00
A-8 76110FK28 47,527,000.00 47,492,850.03 6.500000 % 34,218.42
A-P 76110FK36 12,443.31 12,311.92 0.000000 % 36.21
A-V 76110FK44 0.00 0.00 1.026431 % 0.00
R 76110FK51 100.00 0.00 6.500000 % 0.00
M-1 76110FK69 16,301,800.00 16,290,086.53 6.500000 % 11,736.95
M-2 76110FK77 6,113,300.00 6,108,907.36 6.500000 % 4,401.44
M-3 76110FK85 5,349,000.00 5,345,156.54 6.500000 % 3,851.16
B-1 76110FK93 3,056,500.00 3,054,303.79 6.500000 % 2,200.61
B-2 76110FL27 1,528,300.00 1,527,201.86 6.500000 % 1,100.34
B-3 76110FL35 2,037,744.61 2,036,280.41 6.500000 % 1,467.13
- -------------------------------------------------------------------------------
509,426,187.92 507,643,776.02 4,566,521.57
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 900,306.92 2,854,583.92 0.00 0.00 164,331,558.85
A-2 48,798.30 48,798.30 0.00 0.00 9,013,000.00
A-3 139,979.06 139,979.06 0.00 0.00 25,854,000.00
A-4 242,728.34 682,950.49 0.00 0.00 44,391,471.00
A-5 323,727.43 2,436,737.59 0.00 0.00 57,679,138.42
A-6 541,421.30 541,421.30 0.00 0.00 100,000,000.00
A-7 108,284.26 108,284.26 0.00 0.00 20,000,000.00
A-8 257,136.41 291,354.83 0.00 0.00 47,458,631.61
A-P 0.00 36.21 0.00 0.00 12,275.71
A-V 434,020.97 434,020.97 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 88,198.00 99,934.95 0.00 0.00 16,278,349.58
M-2 33,074.92 37,476.36 0.00 0.00 6,104,505.92
M-3 28,939.81 32,790.97 0.00 0.00 5,341,305.38
B-1 16,536.66 18,737.27 0.00 0.00 3,052,103.18
B-2 8,268.59 9,368.93 0.00 0.00 1,526,101.52
B-3 11,024.85 12,491.98 0.00 0.00 2,034,813.28
- -------------------------------------------------------------------------------
3,182,445.82 7,748,967.39 0.00 0.00 503,077,254.45
===============================================================================
Run: 05/26/99 13:56:43
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS3(POOL # 4363)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4363
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 995.526847 11.699946 5.389994 17.089940 0.000000 983.826902
A-2 1000.000000 0.000000 5.414213 5.414213 0.000000 1000.000000
A-3 1000.000000 0.000000 5.414213 5.414213 0.000000 1000.000000
A-4 996.259848 9.782714 5.393963 15.176677 0.000000 986.477133
A-5 986.669118 34.868154 5.342037 40.210191 0.000000 951.800964
A-6 1000.000000 0.000000 5.414213 5.414213 0.000000 1000.000000
A-7 1000.000000 0.000000 5.414213 5.414213 0.000000 1000.000000
A-8 999.281462 0.719979 5.410323 6.130302 0.000000 998.561483
A-P 989.440912 2.909997 0.000000 2.909997 0.000000 986.530915
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-1 999.281462 0.719979 5.410323 6.130302 0.000000 998.561483
M-2 999.281462 0.719978 5.410322 6.130300 0.000000 998.561484
M-3 999.281462 0.719978 5.410322 6.130300 0.000000 998.561484
B-1 999.281462 0.719977 5.410326 6.130303 0.000000 998.561485
B-2 999.281463 0.719976 5.410319 6.130295 0.000000 998.561487
B-3 999.281460 0.719977 5.410320 6.130297 0.000000 998.561483
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:56:43 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS3 (POOL # 4363)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4363
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 105,267.38
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 21,255.07
SUBSERVICER ADVANCES THIS MONTH 59,498.83
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 71 8,056,023.47
(B) TWO MONTHLY PAYMENTS: 4 395,237.92
(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 503,077,254.45
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,266
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 4,200,762.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.23092860 % 5.46541200 % 1.30365950 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.17440480 % 5.51091520 % 1.31454550 %
BANKRUPTCY AMOUNT AVAILABLE 181,971.00
FRAUD AMOUNT AVAILABLE 10,188,524.00
SPECIAL HAZARD AMOUNT AVAILABLE 5,094,262.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.85379136
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.62
POOL TRADING FACTOR: 98.75370886
................................................................................
Run: 05/26/99 13:56:45 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS4(POOL # 4364)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4364
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FG98 200,000,000.00 199,045,119.73 6.250000 % 1,242,874.79
A-P 76110FH22 33,549.74 33,366.96 0.000000 % 289.24
A-V 76110FH30 0.00 0.00 0.901710 % 0.00
R 76110FH48 100.00 0.00 6.250000 % 0.00
M-1 76110FH55 5,865,400.00 5,846,745.10 6.250000 % 18,931.19
M-2 76110FH63 942,600.00 939,602.06 6.250000 % 3,042.34
M-3 76110FH71 942,600.00 939,602.06 6.250000 % 3,042.34
B-1 76110FH89 628,400.00 626,401.37 6.250000 % 2,028.23
B-2 76110FH97 523,700.00 522,034.37 6.250000 % 1,690.30
B-3 76110FJ20 523,708.79 522,043.14 6.250000 % 1,690.31
- -------------------------------------------------------------------------------
209,460,058.53 208,474,914.79 1,273,588.74
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,034,862.70 2,277,737.49 0.00 0.00 197,802,244.94
A-P 0.00 289.24 0.00 0.00 33,077.72
A-V 156,376.73 156,376.73 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 30,398.03 49,329.22 0.00 0.00 5,827,813.91
M-2 4,885.12 7,927.46 0.00 0.00 936,559.72
M-3 4,885.12 7,927.46 0.00 0.00 936,559.72
B-1 3,256.75 5,284.98 0.00 0.00 624,373.14
B-2 2,714.13 4,404.43 0.00 0.00 520,344.07
B-3 2,714.17 4,404.48 0.00 0.00 520,352.83
- -------------------------------------------------------------------------------
1,240,092.75 2,513,681.49 0.00 0.00 207,201,326.05
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 995.225599 6.214374 5.174314 11.388688 0.000000 989.011225
A-P 994.551970 8.621229 0.000000 8.621229 0.000000 985.930740
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.819501 3.227604 5.182601 8.410205 0.000000 993.591897
M-2 996.819499 3.227604 5.182601 8.410205 0.000000 993.591895
M-3 996.819499 3.227604 5.182601 8.410205 0.000000 993.591895
B-1 996.819494 3.227610 5.182607 8.410217 0.000000 993.591884
B-2 996.819496 3.227611 5.182605 8.410216 0.000000 993.591885
B-3 996.819511 3.227595 5.182594 8.410189 0.000000 993.591935
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:56:45 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS4 (POOL # 4364)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4364
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 43,360.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 15,166.20
SUBSERVICER ADVANCES THIS MONTH 45,297.92
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 3,684,329.67
(B) TWO MONTHLY PAYMENTS: 7 1,296,837.28
(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 207,201,326.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,042
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 598,557.68
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.49205610 % 3.70653000 % 0.80141360 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.47903530 % 3.71664289 % 0.80372840 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,189,201.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,094,601.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.48046019
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 172.69
POOL TRADING FACTOR: 98.92164048
................................................................................
Run: 05/26/99 13:58:27 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS5(POOL # 4372)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4372
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FL50 166,515,517.00 166,515,517.00 7.250000 % 684,392.50
CB-P 76110FL68 12,334,483.00 12,334,483.00 0.000000 % 50,695.74
NB-1 76110FL76 36,987,960.00 36,987,960.00 6.750000 % 39,287.78
NB-2 76110FL84 3,534,000.00 3,534,000.00 6.750000 % 0.00
NB-3 76110FL92 9,618,710.00 9,618,710.00 6.750000 % 0.00
NB-4 76110FM26 21,500,000.00 21,500,000.00 6.750000 % 46,489.52
NB-5 76110FM34 24,546,330.00 24,546,330.00 6.750000 % 0.00
A-P 76110FM42 248,854.76 248,854.76 0.000000 % 351.97
A-V 76110FM59 0.00 0.00 0.813459 % 0.00
R 76110FM67 100.00 100.00 6.750000 % 100.00
M-1 76110FM75 9,620,300.00 9,620,300.00 6.750000 % 6,726.89
M-2 76110FM83 3,848,100.00 3,848,100.00 6.750000 % 2,690.74
M-3 76110FM91 3,256,100.00 3,256,100.00 6.750000 % 2,276.79
B-1 76110FN25 1,924,100.00 1,924,100.00 6.750000 % 1,345.41
B-2 76110FN33 888,100.00 888,100.00 6.750000 % 620.99
B-3 76110FN41 1,183,701.20 1,183,701.20 6.750000 % 827.90
- -------------------------------------------------------------------------------
296,006,355.96 296,006,355.96 835,806.23
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,005,609.63 1,690,002.13 0.00 0.00 165,831,124.50
CB-P 0.00 50,695.74 0.00 0.00 12,283,787.26
NB-1 208,026.57 247,314.35 0.00 0.00 36,948,672.22
NB-2 19,875.82 19,875.82 0.00 0.00 3,534,000.00
NB-3 54,097.25 54,097.25 0.00 0.00 9,618,710.00
NB-4 120,919.65 167,409.17 0.00 0.00 21,453,510.48
NB-5 138,052.73 138,052.73 0.00 0.00 24,546,330.00
A-P 0.00 351.97 0.00 0.00 248,502.79
A-V 200,592.43 200,592.43 0.00 0.00 0.00
R 0.56 100.56 0.00 0.00 0.00
M-1 54,094.38 60,821.27 0.00 0.00 9,613,573.11
M-2 21,637.64 24,328.38 0.00 0.00 3,845,409.26
M-3 18,308.85 20,585.64 0.00 0.00 3,253,823.21
B-1 10,819.10 12,164.51 0.00 0.00 1,922,754.59
B-2 4,993.73 5,614.72 0.00 0.00 887,479.01
B-3 6,655.88 7,483.78 0.00 0.00 1,182,873.30
- -------------------------------------------------------------------------------
1,863,684.22 2,699,490.45 0.00 0.00 295,170,549.73
===============================================================================
Run: 05/26/99 13:58:27
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS5(POOL # 4372)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4372
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 1000.000000 4.110082 6.039135 10.149217 0.000000 995.889918
CB-P 1000.000000 4.110082 0.000000 4.110082 0.000000 995.889918
NB-1 1000.000000 1.062178 5.624170 6.686348 0.000000 998.937823
NB-2 1000.000000 0.000000 5.624171 5.624171 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624169 5.624169 0.000000 1000.000000
NB-4 1000.000000 2.162303 5.624170 7.786473 0.000000 997.837697
NB-5 1000.000000 0.000000 5.624170 5.624170 0.000000 1000.000000
A-P 1000.000000 1.414375 0.000000 1.414375 0.000000 998.585625
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.600000 1005.600000 0.000000 0.000000
M-1 1000.000000 0.699239 5.622941 6.322180 0.000000 999.300761
M-2 1000.000000 0.699239 5.622941 6.322180 0.000000 999.300761
M-3 1000.000000 0.699238 5.622938 6.322176 0.000000 999.300762
B-1 1000.000000 0.699241 5.622941 6.322182 0.000000 999.300759
B-2 1000.000000 0.699234 5.622937 6.322171 0.000000 999.300766
B-3 1000.000000 0.699239 5.622939 6.322178 0.000000 999.300587
_______________________________________________________________________________
DETERMINATION DATE 20-May-99
DISTRIBUTION DATE 25-May-99
Run: 05/26/99 13:58:28 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS5 (POOL # 4372)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4372
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 61,603.08
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 18,569.43
SUBSERVICER ADVANCES THIS MONTH 13,106.26
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 17 1,831,589.35
(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 295,170,549.73
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,107
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 628,766.73
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.99412490 % 5.65480200 % 1.35107350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.97919140 % 5.66208438 % 1.35395330 %
BANKRUPTCY AMOUNT AVAILABLE 150,000.00
FRAUD AMOUNT AVAILABLE 5,920,127.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,960,064.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.88622000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.36
POOL TRADING FACTOR: 99.71763909
................................................................................
