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)
August 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 August, 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 1999-QS6 RALI 1999-QS7 RALI 1999-QS8 RALI 1999-QS9
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: July 26, 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: August 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 32,299,831.42 7.500000 % 2,916,366.09
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 1,583,784.69 0.000000 % 0.00
- -------------------------------------------------------------------------------
258,459,514.42 87,092,616.11 2,916,366.09
===============================================================================
_______________________________________________________________________________
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-4 201,873.95 3,118,240.04 0.00 0.00 29,383,465.33
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 0.00 0.00 0.00 0.00 1,279,535.11
- -------------------------------------------------------------------------------
534,430.20 3,450,796.29 0.00 0.00 83,872,000.44
===============================================================================
_______________________________________________________________________________
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-4 702.170248 63.399263 4.388564 67.787827 0.000000 638.770985
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 0.000000 0.000000 0.000000 ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:22:57 rept2.frg
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 17,609.31
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 442.05
SUBSERVICER ADVANCES THIS MONTH 58,536.48
MASTER SERVICER ADVANCES THIS MONTH 6,105.14
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 55 4,252,951.59
(B) TWO MONTHLY PAYMENTS: 5 604,453.15
(C) THREE OR MORE MONTHLY PAYMENTS: 5 459,913.68
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,298,613.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 83,872,000.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,064
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 731,973.45
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,415,423.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.18149370 % 1.81850630 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.47441920 % 1.52558080 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33164064
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 276.79
POOL TRADING FACTOR: 32.45073049
................................................................................
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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 21,120,573.11 6.900000 % 2,315,294.64
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 7,981,381.09 5.524812 % 7,643.63
R 0.53 1,528,137.57 0.000000 % 35,269.93
- -------------------------------------------------------------------------------
255,942,104.53 83,582,227.77 2,358,208.20
===============================================================================
_______________________________________________________________________________
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-4 121,443.30 2,436,737.94 0.00 0.00 18,805,278.47
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 37,971.24 45,614.87 0.00 0.00 7,973,737.46
R 86,822.81 122,092.74 0.00 0.00 1,492,867.64
- -------------------------------------------------------------------------------
554,567.35 2,912,775.55 0.00 0.00 81,224,019.57
===============================================================================
_______________________________________________________________________________
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-4 663.084676 72.689145 3.812737 76.501882 0.000000 590.395532
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 271.706886 0.260209 1.292639 1.552848 0.000000 271.446677
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-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 17,877.25
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 61,386.27
MASTER SERVICER ADVANCES THIS MONTH 4,323.04
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 4,422,279.65
(B) TWO MONTHLY PAYMENTS: 5 523,494.26
(C) THREE OR MORE MONTHLY PAYMENTS: 9 1,001,148.62
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,520,706.67
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 81,224,019.57
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 846
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 530,535.12
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,254,717.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.17169560 % 1.82830440 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.16203670 % 1.83796330 %
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 8.92903400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 289.08
POOL TRADING FACTOR: 31.73530972
................................................................................
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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 0.00 7.050000 % 0.00
A-5 76110FAW3 14,000,000.00 9,358,822.82 7.350000 % 1,643,682.36
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 93,530.21 0.000000 % 118.09
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 79,504,878.21 1,643,800.45
===============================================================================
_______________________________________________________________________________
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 57,322.79 1,701,005.15 0.00 0.00 7,715,140.46
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 0.00 118.09 0.00 0.00 93,412.12
R 60,561.45 60,561.45 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
538,509.72 2,182,310.17 0.00 0.00 77,861,077.76
===============================================================================
_______________________________________________________________________________
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-5 668.487344 117.405883 4.094485 121.500368 0.000000 551.081461
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-10 525.429955 0.663401 0.000000 0.663401 0.000000 524.766554
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-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 16,349.65
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 54,253.16
MASTER SERVICER ADVANCES THIS MONTH 2,536.65
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 3,674,056.75
(B) TWO MONTHLY PAYMENTS: 7 1,148,596.12
(C) THREE OR MORE MONTHLY PAYMENTS: 9 769,075.69
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 1,194,979.19
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 77,861,077.76
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 846
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 318,649.48
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,418,985.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 83,363.08
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.71194650 % 2.28805350 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.66364120 % 2.33635880 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81479547
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 293.47
POOL TRADING FACTOR: 42.80164413
................................................................................
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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 21,696,000.00 702,244.89 7.750000 % 702,244.89
A-I-7 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 1,563,891.26
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 8,630,519.12 7.750000 % 354,625.41
A-P 76110FBQ5 1,166,695.86 760,372.40 0.000000 % 25,757.34
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 12,050,439.42 7.750000 % 56,501.19
M-2 76110FBU6 5,568,000.00 5,355,537.08 7.750000 % 25,110.64
M-3 76110FBV4 4,176,000.00 4,016,652.82 7.750000 % 18,832.98
B-1 1,809,600.00 1,740,549.53 7.750000 % 8,160.96
B-2 696,000.00 669,442.12 7.750000 % 3,138.83
B-3 1,670,738.96 1,440,478.58 7.750000 % 6,753.99
A-V 76110FHY2 0.00 0.00 0.687875 % 0.00
STRIP 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 120,869,797.96 2,765,017.49
===============================================================================
_______________________________________________________________________________
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 4,533.09 706,777.98 0.00 0.00 0.00
A-I-7 51,944.57 1,615,835.83 0.00 0.00 6,483,108.74
A-I-8 112,551.94 112,551.94 0.00 0.00 17,436,000.00
A-I-9 162,314.67 162,314.67 0.00 0.00 25,145,000.00
A-I-10 122,647.79 122,647.79 0.00 0.00 19,000,000.00
A-I-11 102,479.09 102,479.09 0.00 0.00 15,875,562.00
A-II 55,711.27 410,336.68 0.00 0.00 8,275,893.71
A-P 0.00 25,757.34 0.00 0.00 734,615.06
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 77,787.35 134,288.54 0.00 0.00 11,993,938.23
M-2 34,570.78 59,681.42 0.00 0.00 5,330,426.44
M-3 25,928.08 44,761.06 0.00 0.00 3,997,819.84
B-1 11,235.50 19,396.46 0.00 0.00 1,732,388.57
B-2 4,321.35 7,460.18 0.00 0.00 666,303.29
B-3 9,298.50 16,052.49 0.00 0.00 1,415,881.04
A-V 69,251.96 69,251.96 0.00 0.00 0.00
STRIP 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
844,575.94 3,609,593.43 0.00 0.00 118,086,936.92
===============================================================================
Run: 08/27/99 08:24:57
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 32.367482 32.367482 0.208937 32.576419 0.000000 0.000000
A-I-7 1000.000000 194.344633 6.455147 200.799780 0.000000 805.655367
A-I-8 1000.000000 0.000000 6.455147 6.455147 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.455147 6.455147 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.455147 6.455147 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.455147 6.455147 0.000000 1000.000000
A-II 419.947213 17.255503 2.710821 19.966324 0.000000 402.691710
A-P 651.731463 22.077171 0.000000 22.077171 0.000000 629.654292
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-1 961.842153 4.509813 6.208832 10.718645 0.000000 957.332341
M-2 961.842148 4.509813 6.208833 10.718646 0.000000 957.332335
M-3 961.842150 4.509813 6.208831 10.718644 0.000000 957.332337
B-1 961.842136 4.509814 6.208831 10.718645 0.000000 957.332322
B-2 961.842126 4.509813 6.208836 10.718649 0.000000 957.332313
B-3 862.180517 4.042517 5.565501 9.608018 0.000000 847.457968
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-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:57 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 24,902.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 46,704.97
MASTER SERVICER ADVANCES THIS MONTH 5,507.76
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 4,219,768.52
(B) TWO MONTHLY PAYMENTS: 6 326,541.78
(C) THREE OR MORE MONTHLY PAYMENTS: 2 204,604.44
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 998,290.08
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 118,086,936.92
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,266
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 8
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 680,087.39
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,531,037.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 78.95827120 % 17.72372400 % 3.18563470 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 78.58009370 % 18.05634481 % 3.25053040 %
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 8.71969900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 294.42
POOL TRADING FACTOR: 42.41556344
................................................................................
Run: 08/27/99 08:24:58 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 10,688,560.17 8.000000 % 3,264,462.35
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 1,966,613.91 7.250000 % 269,338.38
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 1,821,338.86 0.000000 % 114,069.85
A-V-1 0.00 0.00 0.928407 % 0.00
A-V-2 0.00 0.00 0.352978 % 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 12,685,506.59 8.000000 % 15,621.56
M-2 76110FCN1 5,570,800.00 5,341,326.48 8.000000 % 6,577.57
M-3 76110FCP6 4,456,600.00 4,273,022.84 8.000000 % 5,262.01
B-1 76110FCR2 2,228,400.00 2,136,607.31 8.000000 % 2,631.12
B-2 76110FCS0 696,400.00 669,040.01 8.000000 % 823.89
B-3 76110FCT8 1,671,255.97 827,765.26 8.000000 % 1,019.31
STRIP 0.00 0.00 0.189886 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 113,951,781.43 3,679,806.04
===============================================================================
_______________________________________________________________________________
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 70,944.76 3,335,407.11 0.00 0.00 7,424,097.82
A-I-7 119,779.39 119,779.39 0.00 0.00 18,046,000.00
A-I-8 60,360.96 60,360.96 0.00 0.00 9,094,000.00
A-I-9 68,259.52 68,259.52 0.00 0.00 10,284,000.00
A-I-10 180,497.26 180,497.26 0.00 0.00 27,538,000.00
A-II-1 11,829.56 281,167.94 0.00 0.00 1,697,275.53
A-II-2 54,457.77 54,457.77 0.00 0.00 8,580,000.00
A-P 0.00 114,069.85 0.00 0.00 1,707,269.01
A-V-1 59,804.92 59,804.92 0.00 0.00 0.00
A-V-2 10,634.23 10,634.23 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 84,199.39 99,820.95 0.00 0.00 12,669,885.03
M-2 35,452.77 42,030.34 0.00 0.00 5,334,748.91
M-3 28,361.97 33,623.98 0.00 0.00 4,267,760.83
B-1 14,181.62 16,812.74 0.00 0.00 2,133,976.19
B-2 4,440.72 5,264.61 0.00 0.00 668,216.12
B-3 5,494.25 6,513.56 0.00 0.00 826,745.89
STRIP 6,000.05 6,000.05 0.00 0.00 0.00
- -------------------------------------------------------------------------------
814,699.14 4,494,505.18 0.00 0.00 110,271,975.33
===============================================================================
Run: 08/27/99 08:24:58
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-6 398.663242 121.758321 2.646106 124.404427 0.000000 276.904920
A-I-7 1000.000000 0.000000 6.637448 6.637448 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.637449 6.637449 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.637448 6.637448 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.554480 6.554480 0.000000 1000.000000
A-II-1 122.752257 16.811584 0.738378 17.549962 0.000000 105.940674
A-II-2 1000.000000 0.000000 6.347059 6.347059 0.000000 1000.000000
A-P 599.195979 37.527446 0.000000 37.527446 0.000000 561.668532
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-1 958.807799 1.180723 6.364037 7.544760 0.000000 957.627076
M-2 958.807798 1.180723 6.364036 7.544759 0.000000 957.627075
M-3 958.807800 1.180723 6.364038 7.544761 0.000000 957.627077
B-1 958.807804 1.180722 6.364037 7.544759 0.000000 957.627082
B-2 960.712249 1.183070 6.376680 7.559750 0.000000 959.529179
B-3 495.295320 0.609907 3.287498 3.897405 0.000000 494.685378
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:58 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 23,268.61
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 389.33
SUBSERVICER ADVANCES THIS MONTH 34,361.04
MASTER SERVICER ADVANCES THIS MONTH 5,270.14
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 2,324,998.24
(B) TWO MONTHLY PAYMENTS: 5 564,734.34
(C) THREE OR MORE MONTHLY PAYMENTS: 5 537,547.91
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 620,786.10
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 110,271,975.33
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,301
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 642,122.38
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,529,793.95
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 76.87223210 % 19.56955400 % 3.18855270 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 76.14203190 % 20.19769275 % 3.34265000 %
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 8.95066500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 285.75
POOL TRADING FACTOR: 39.58987596
................................................................................
Run: 08/27/99 08:23:31 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 49,446,880.67 5.523750 % 1,928,275.03
R 973,833.13 2,551,936.48 0.000000 % 55,993.26
- -------------------------------------------------------------------------------
139,119,013.13 51,998,817.15 1,984,268.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 225,876.38 2,154,151.41 0.00 0.00 47,518,605.64
R 66,510.92 122,504.18 0.00 0.00 2,495,943.22
- -------------------------------------------------------------------------------
292,387.30 2,276,655.59 0.00 0.00 50,014,548.86
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 357.934172 13.958323 1.635065 15.593388 0.000000 343.975850
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:31 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 15,682.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 14,655.97
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 11 1,159,594.50
(B) TWO MONTHLY PAYMENTS: 1 89,330.51
(C) THREE OR MORE MONTHLY PAYMENTS: 5 529,514.36
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 87,033.55
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 50,014,548.86
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 639
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 1,866,781.46
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.09231820 % 4.90768180 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.00956570 % 4.99043430 %
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 7.34875888
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 248.23
POOL TRADING FACTOR: 35.95090832
................................................................................
Run: 08/27/99 08:24:58 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 7,578,391.75 8.000000 % 2,441,208.95
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 2,011,001.79 8.000000 % 74,059.55
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 726,793.35 0.000000 % 49,361.67
A-V-1 796QS5AV1 0.00 0.00 1.021051 % 0.00
A-V-2 796QS5AV2 0.00 0.00 0.400370 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,443,437.96 8.000000 % 8,909.32
M-2 76110FDK6 3,958,800.00 3,725,648.58 8.000000 % 4,459.36
M-3 76110FDL4 2,815,100.00 2,652,530.55 8.000000 % 3,174.91
B-1 76110FDM2 1,407,600.00 1,339,131.54 8.000000 % 1,602.85
B-2 76110FDN0 439,800.00 422,923.80 8.000000 % 506.21
B-3 76110FDP5 1,055,748.52 687,471.59 8.000000 % 0.00
- -------------------------------------------------------------------------------
175,944,527.21 71,726,330.91 2,583,282.82
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 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 50,200.12 2,491,409.07 0.00 0.00 5,137,182.80
A-I-8 45,600.39 45,600.39 0.00 0.00 6,884,000.00
A-I-9 74,382.17 74,382.17 0.00 0.00 11,229,000.00
A-I-10 149,049.18 149,049.18 0.00 0.00 22,501,000.00
A-II-1 13,321.11 87,380.66 0.00 0.00 1,936,942.24
A-II-2 29,974.12 29,974.12 0.00 0.00 4,525,000.00
A-P 0.00 49,361.67 0.00 0.00 677,431.68
A-V-1 43,490.86 43,490.86 0.00 0.00 0.00
A-V-2 6,724.73 6,724.73 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 49,306.18 58,215.50 0.00 0.00 7,434,528.64
M-2 24,679.12 29,138.48 0.00 0.00 3,721,189.22
M-3 17,570.67 20,745.58 0.00 0.00 2,649,355.64
B-1 8,870.56 10,473.41 0.00 0.00 1,337,528.69
B-2 2,801.49 3,307.70 0.00 0.00 422,417.59
B-3 1,354.97 1,354.97 0.00 0.00 686,648.73
- -------------------------------------------------------------------------------
517,325.67 3,100,608.49 0.00 0.00 69,142,225.23
===============================================================================
Run: 08/27/99 08:24:58
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-7 447.736722 144.228344 2.965858 147.194202 0.000000 303.508378
A-I-8 1000.000000 0.000000 6.624112 6.624112 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.624113 6.624113 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.624114 6.624114 0.000000 1000.000000
A-II-1 180.165005 6.634971 1.193434 7.828405 0.000000 173.530034
A-II-2 1000.000000 0.000000 6.624115 6.624115 0.000000 1000.000000
A-P 657.208929 44.635699 0.000000 44.635699 0.000000 612.573230
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-1 940.006057 1.125127 6.226707 7.351834 0.000000 938.880930
M-2 941.105532 1.126442 6.233990 7.360432 0.000000 939.979090
M-3 942.250915 1.127814 6.241579 7.369393 0.000000 941.123100
B-1 951.358014 1.138711 6.301904 7.440615 0.000000 950.219302
B-2 961.627558 1.151000 6.369918 7.520918 0.000000 960.476558
B-3 651.169835 0.000000 1.283421 1.283421 0.000000 650.390425
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:59 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 14,629.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 529.79
SUBSERVICER ADVANCES THIS MONTH 35,831.63
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 16 2,518,677.80
(B) TWO MONTHLY PAYMENTS: 5 474,488.74
(C) THREE OR MORE MONTHLY PAYMENTS: 4 369,209.50
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 755,072.84
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 69,142,225.23
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 805
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 2,493,559.15
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 77.08274650 % 19.26993500 % 3.41510140 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 76.26273640 % 19.96619787 % 3.57350820 %
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 9.09921200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 290.19
POOL TRADING FACTOR: 39.29774135
................................................................................
Run: 08/27/99 08:24:59 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 14,082,170.13 8.000000 % 1,414,957.09
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 9,376,382.30 8.000000 % 126,682.37
A-P 76110FED1 601,147.92 319,348.59 0.000000 % 1,807.46
A-V-1 796QS7AV1 0.00 0.00 0.890225 % 0.00
A-V-2 796QS7AV2 0.00 0.00 0.505003 % 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 8,698,289.88 8.000000 % 10,037.71
M-2 76110FEH2 5,126,400.00 4,892,251.25 8.000000 % 5,645.59
M-3 76110FEJ8 3,645,500.00 3,478,991.47 8.000000 % 4,014.71
B-1 1,822,700.00 1,739,448.03 8.000000 % 2,007.30
B-2 569,600.00 543,583.50 8.000000 % 627.29
B-3 1,366,716.75 1,021,010.05 8.000000 % 1,178.23
- -------------------------------------------------------------------------------
227,839,864.67 94,841,475.20 1,566,957.75
===============================================================================
_______________________________________________________________________________
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 93,844.86 1,508,801.95 0.00 0.00 12,667,213.04
A-I-10 77,636.67 77,636.67 0.00 0.00 11,650,000.00
A-I-11 202,728.32 202,728.32 0.00 0.00 30,421,000.00
A-I-12 57,437.80 57,437.80 0.00 0.00 8,619,000.00
A-II 62,485.07 189,167.44 0.00 0.00 9,249,699.93
A-P 0.00 1,807.46 0.00 0.00 317,541.13
A-V-1 54,486.32 54,486.32 0.00 0.00 0.00
A-V-2 8,988.49 8,988.49 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 57,966.20 68,003.91 0.00 0.00 8,688,252.17
M-2 32,602.41 38,248.00 0.00 0.00 4,886,605.66
M-3 23,184.32 27,199.03 0.00 0.00 3,474,976.76
B-1 11,591.84 13,599.14 0.00 0.00 1,737,440.73
B-2 3,622.49 4,249.78 0.00 0.00 542,956.21
B-3 6,804.10 7,982.33 0.00 0.00 1,019,831.81
- -------------------------------------------------------------------------------
693,378.89 2,260,336.64 0.00 0.00 93,274,517.44
===============================================================================
Run: 08/27/99 08:24:59
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-9 625.151830 62.814396 4.166069 66.980465 0.000000 562.337434
A-I-10 1000.000000 0.000000 6.664092 6.664092 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.664091 6.664091 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.664091 6.664091 0.000000 1000.000000
A-II 466.393867 6.301351 3.108091 9.409442 0.000000 460.092515
A-P 531.231298 3.006689 0.000000 3.006689 0.000000 528.224609
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-1 954.324916 1.101278 6.359709 7.460987 0.000000 953.223638
M-2 954.324916 1.101278 6.359709 7.460987 0.000000 953.223638
M-3 954.324913 1.101278 6.359709 7.460987 0.000000 953.223635
B-1 954.324919 1.101278 6.359708 7.460986 0.000000 953.223641
B-2 954.324965 1.101282 6.359709 7.460991 0.000000 953.223683
B-3 747.053148 0.862088 4.978427 5.840515 0.000000 746.191056
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:59 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 19,475.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 426.55
SUBSERVICER ADVANCES THIS MONTH 39,854.73
MASTER SERVICER ADVANCES THIS MONTH 3,062.72
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 2,827,171.64
(B) TWO MONTHLY PAYMENTS: 7 553,670.90
(C) THREE OR MORE MONTHLY PAYMENTS: 3 724,281.16
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 496,475.04
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 93,274,517.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,046
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 370,672.59
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,448,509.84
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 78.44570910 % 17.99796200 % 3.48375180 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 78.10808380 % 18.27919893 % 3.55027550 %
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 9.10438100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 292.52
POOL TRADING FACTOR: 40.93862923
................................................................................
Run: 08/27/99 08:23:36 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 4,000,000.00 299,416.23 7.400000 % 110,901.45
A-2 76110FEL3 4,074,824.00 0.00 7.300000 % 0.00
A-3 76110FEM1 13,128,206.00 0.00 7.050000 % 0.00
A-4 76110FEN9 3,765,148.00 2,908,457.40 7.300000 % 1,077,270.00
A-5 76110FEP4 10,500,000.00 0.00 7.400000 % 0.00
A-6 76110FEQ2 2,600,500.00 1,222,703.75 7.400000 % 452,879.94
A-7 76110FER0 31,579,563.00 4,572,083.11 5.676250 % 745,818.12
A-8 76110FES8 0.00 0.00 3.323750 % 0.00
A-9 76110FET6 32,965,000.00 0.00 0.000000 % 0.00
A-10 76110FEU3 20,953,719.00 11,067,298.67 7.400000 % 714,794.57
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 67,773.15 0.000000 % 105.01
A-15-1 96QS8A151 0.00 0.00 1.006495 % 0.00
A-15-2 96QS8A152 0.00 0.00 0.510769 % 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 6,371,236.38 7.750000 % 22,737.56
M-2 76110FFC2 4,440,700.00 4,247,522.82 7.750000 % 15,158.48
M-3 76110FFD0 3,108,500.00 2,973,275.54 7.750000 % 10,610.97
B-1 1,509,500.00 1,443,834.46 7.750000 % 5,152.73
B-2 444,000.00 424,685.33 7.750000 % 1,515.61
B-3 1,154,562.90 928,810.73 7.750000 % 3,314.74
- -------------------------------------------------------------------------------
177,623,205.60 73,149,055.57 3,160,259.18
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,829.33 112,730.78 0.00 0.00 188,514.78
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 17,529.50 1,094,799.50 0.00 0.00 1,831,187.40
A-5 0.00 0.00 0.00 0.00 0.00
A-6 7,470.28 460,350.22 0.00 0.00 769,823.81
A-7 21,426.91 767,245.03 0.00 0.00 3,826,264.99
A-8 12,546.61 12,546.61 0.00 0.00 0.00
A-9 0.00 0.00 0.00 0.00 0.00
A-10 67,617.21 782,411.78 0.00 0.00 10,352,504.10
A-11 89,420.56 89,420.56 0.00 0.00 13,975,000.00
A-12 12,797.22 12,797.22 0.00 0.00 2,000,000.00
A-13 132,111.82 132,111.82 0.00 0.00 20,646,958.00
A-14 0.00 105.01 0.00 0.00 67,668.14
A-15-1 49,494.31 49,494.31 0.00 0.00 0.00
A-15-2 5,730.28 5,730.28 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 40,767.05 63,504.61 0.00 0.00 6,348,498.82
M-2 27,178.24 42,336.72 0.00 0.00 4,232,364.34
M-3 19,024.82 29,635.79 0.00 0.00 2,962,664.57
B-1 9,238.53 14,391.26 0.00 0.00 1,438,681.73
B-2 2,717.40 4,233.01 0.00 0.00 423,169.72
B-3 5,943.10 9,257.84 0.00 0.00 925,495.99
- -------------------------------------------------------------------------------
522,843.17 3,683,102.35 0.00 0.00 69,988,796.39
===============================================================================
Run: 08/27/99 08:23:36
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 74.854058 27.725363 0.457333 28.182696 0.000000 47.128695
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-4 772.468280 286.116243 4.655727 290.771970 0.000000 486.352037
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 470.180254 174.151102 2.872632 177.023734 0.000000 296.029152
A-7 144.779809 23.617113 0.678506 24.295619 0.000000 121.162696
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-10 528.178252 34.113017 3.226979 37.339996 0.000000 494.065235
A-11 1000.000000 0.000000 6.398609 6.398609 0.000000 1000.000000
A-12 1000.000000 0.000000 6.398610 6.398610 0.000000 1000.000000
A-13 1000.000000 0.000000 6.398609 6.398609 0.000000 1000.000000
A-14 585.135554 0.906629 0.000000 0.906629 0.000000 584.228925
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-1 956.498481 3.413536 6.120260 9.533796 0.000000 953.084945
M-2 956.498484 3.413534 6.120260 9.533794 0.000000 953.084951
M-3 956.498485 3.413534 6.120257 9.533791 0.000000 953.084951
B-1 956.498483 3.413534 6.120258 9.533792 0.000000 953.084949
B-2 956.498491 3.413536 6.120270 9.533806 0.000000 953.084955
B-3 804.469579 2.870974 5.147489 8.018463 0.000000 801.598588
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:36 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8 (POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4231
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 14,849.00
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 27,420.07
MASTER SERVICER ADVANCES THIS MONTH 443.36
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 2,015,269.17
(B) TWO MONTHLY PAYMENTS: 4 230,287.29
(C) THREE OR MORE MONTHLY PAYMENTS: 3 338,047.28
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 799,024.37
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 69,988,796.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 794
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 51,827.54
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,899,343.35
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 200,458.17
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 77.57378530 % 18.59851700 % 3.82769760 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 76.64386210 % 19.35099391 % 3.98641660 %
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 8.98146030
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 313.89
POOL TRADING FACTOR: 39.40295760
................................................................................
Run: 08/27/99 08:23:40 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 10,253,000.00 302,251.33 6.750000 % 302,251.33
A-6 76110FFK4 31,511,646.00 8,902,805.04 11.000000 % 713,738.42
A-7 76110FFL2 17,652,000.00 6,252,820.67 6.750000 % 2,696,345.18
A-8 76110FFM0 5,655,589.00 5,655,589.00 6.750000 % 332,182.85
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 212,947.62 129,133.04 0.000000 % 153.94
A-13-1 0.00 0.00 1.014345 % 0.00
A-13-2 0.00 0.00 0.644773 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,158,880.70 7.500000 % 7,416.63
M-2 76110FFW8 6,251,000.00 6,105,594.89 7.500000 % 4,944.16
M-3 76110FFW8 4,375,700.00 4,273,916.42 7.500000 % 3,460.91
B-1 1,624,900.00 1,587,103.04 7.500000 % 1,285.20
B-2 624,800.00 610,266.48 7.500000 % 494.18
B-3 1,500,282.64 1,357,831.05 7.500000 % 1,099.53
- -------------------------------------------------------------------------------
250,038,730.26 121,177,956.66 4,063,372.33
===============================================================================
_______________________________________________________________________________
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 1,696.30 303,947.63 0.00 0.00 0.00
A-6 81,423.85 795,162.27 0.00 0.00 8,189,066.62
A-7 35,092.30 2,731,437.48 0.00 0.00 3,556,475.49
A-8 31,740.50 363,923.35 0.00 0.00 5,323,406.15
A-9 107,014.10 107,014.10 0.00 0.00 19,068,000.00
A-10 57,625.11 57,625.11 0.00 0.00 10,267,765.00
A-11 296,238.72 296,238.72 0.00 0.00 47,506,000.00
A-12 0.00 153.94 0.00 0.00 128,979.10
A-13-1 81,420.30 81,420.30 0.00 0.00 0.00
A-13-2 13,207.26 13,207.26 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,113.10 64,529.73 0.00 0.00 9,151,464.07
M-2 38,073.37 43,017.53 0.00 0.00 6,100,650.73
M-3 26,651.36 30,112.27 0.00 0.00 4,270,455.51
B-1 9,896.88 11,182.08 0.00 0.00 1,585,817.84
B-2 3,805.51 4,299.69 0.00 0.00 609,772.30
B-3 8,467.18 9,566.71 0.00 0.00 1,356,731.52
- -------------------------------------------------------------------------------
849,465.84 4,912,838.17 0.00 0.00 117,114,584.33
===============================================================================
Run: 08/27/99 08:23:40
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 29.479307 29.479307 0.165444 29.644751 0.000000 0.000000
A-6 282.524278 22.649989 2.583929 25.233918 0.000000 259.874290
A-7 354.227321 152.750123 1.988007 154.738130 0.000000 201.477198
A-8 1000.000000 58.735324 5.612236 64.347560 0.000000 941.264676
A-9 1000.000000 0.000000 5.612235 5.612235 0.000000 1000.000000
A-10 1000.000000 0.000000 5.612235 5.612235 0.000000 1000.000000
A-11 1000.000000 0.000000 6.235817 6.235817 0.000000 1000.000000
A-12 606.407529 0.722901 0.000000 0.722901 0.000000 605.684628
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-1 976.738904 0.790938 6.090765 6.881703 0.000000 975.947965
M-2 976.738904 0.790939 6.090765 6.881704 0.000000 975.947965
M-3 976.738903 0.790939 6.090765 6.881704 0.000000 975.947965
B-1 976.738901 0.790941 6.090763 6.881704 0.000000 975.947960
B-2 976.738924 0.790941 6.090765 6.881706 0.000000 975.947983
B-3 905.050164 0.732889 5.643723 6.376612 0.000000 904.317283
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:40 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 25,067.59
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 30,861.28
MASTER SERVICER ADVANCES THIS MONTH 1,898.32
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 19 2,231,602.21
(B) TWO MONTHLY PAYMENTS: 1 97,657.88
(C) THREE OR MORE MONTHLY PAYMENTS: 5 559,395.04
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,057,416.49
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 117,114,584.33
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,248
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 232,548.51
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,965,203.94
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 80.92208430 % 16.14091900 % 2.93699720 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 80.27544340 % 16.66963207 % 3.03654600 %
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 8.76679874
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 318.78
POOL TRADING FACTOR: 46.83857745
................................................................................
Run: 08/27/99 08:23:43 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 6,544,850.76 9.000000 % 655,024.21
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 7,435,037.94 7.250000 % 1,412,381.09
A-5 76110FGC1 10,000,000.00 1,555,660.05 7.250000 % 225,179.54
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 90,682.60 0.000000 % 100.53
A-10-1 97QS2A101 0.00 0.00 0.796779 % 0.00
A-10-2 97QS2A102 0.00 0.00 0.440422 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,800,993.16 7.750000 % 3,923.90
M-2 76110FGL1 4,109,600.00 4,000,762.75 7.750000 % 3,269.87
M-3 76110FGM9 2,630,200.00 2,560,542.67 7.750000 % 2,092.76
B-1 1,068,500.00 1,040,202.20 7.750000 % 850.17
B-2 410,900.00 400,017.88 7.750000 % 326.94
B-3 821,738.81 772,806.85 7.750000 % 631.62
- -------------------------------------------------------------------------------
164,383,983.57 77,973,769.86 2,303,780.63
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 48,904.52 703,928.73 0.00 0.00 5,889,826.55
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 44,753.59 1,457,134.68 0.00 0.00 6,022,656.85
A-5 9,363.96 234,543.50 0.00 0.00 1,330,480.51
A-6 44,370.72 44,370.72 0.00 0.00 7,371,430.00
A-7 66,922.85 66,922.85 0.00 0.00 10,400,783.00
A-8 199,466.56 199,466.56 0.00 0.00 31,000,000.00
A-9 0.00 100.53 0.00 0.00 90,582.07
A-10-1 41,206.72 41,206.72 0.00 0.00 0.00
A-10-2 5,734.64 5,734.64 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 30,891.53 34,815.43 0.00 0.00 4,797,069.26
M-2 25,742.53 29,012.40 0.00 0.00 3,997,492.88
M-3 16,475.57 18,568.33 0.00 0.00 2,558,449.91
B-1 6,693.08 7,543.25 0.00 0.00 1,039,352.03
B-2 2,573.88 2,900.82 0.00 0.00 399,690.94
B-3 4,972.55 5,604.17 0.00 0.00 705,640.48
- -------------------------------------------------------------------------------
548,072.70 2,851,853.33 0.00 0.00 75,603,454.48
===============================================================================
Run: 08/27/99 08:23:43
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-1 210.387387 21.056069 1.572059 22.628128 0.000000 189.331318
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-4 408.518568 77.603357 2.458988 80.062345 0.000000 330.915212
A-5 155.566005 22.517954 0.936396 23.454350 0.000000 133.048051
A-6 1000.000000 0.000000 6.019283 6.019283 0.000000 1000.000000
A-7 1000.000000 0.000000 6.434405 6.434405 0.000000 1000.000000
A-8 1000.000000 0.000000 6.434405 6.434405 0.000000 1000.000000
A-9 694.557120 0.769980 0.000000 0.769980 0.000000 693.787140
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-1 973.516335 0.795665 6.263997 7.059662 0.000000 972.720671
M-2 973.516340 0.795666 6.263999 7.059665 0.000000 972.720674
M-3 973.516337 0.795666 6.263999 7.059665 0.000000 972.720671
B-1 973.516331 0.795667 6.263996 7.059663 0.000000 972.720665
B-2 973.516379 0.795668 6.264006 7.059674 0.000000 972.720711
B-3 940.453147 0.768638 6.051254 6.819892 0.000000 858.716263
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:43 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 15,945.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 22,039.45
MASTER SERVICER ADVANCES THIS MONTH 2,450.41
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 1,964,325.62
(B) TWO MONTHLY PAYMENTS: 2 268,436.15
(C) THREE OR MORE MONTHLY PAYMENTS: 3 154,774.63
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 353,336.24
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 75,603,454.48
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 866
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 290,027.26
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,222,722.41
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 82.56961040 % 14.58891700 % 2.84147300 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.12530520 % 15.01652554 % 2.84015610 %
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 8.78807556
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 319.17
POOL TRADING FACTOR: 45.99198343
................................................................................
Run: 08/27/99 08:23:44 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 5,712,212.46 7.500000 % 1,861,450.26
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 15,374,000.00 816,030.36 9.500000 % 265,921.47
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 71,240.08 0.000000 % 845.46
A-10-1 97QS3A101 0.00 0.00 0.797187 % 0.00
A-10-2 97QS3A102 0.00 0.00 0.507334 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,210,043.08 7.750000 % 3,958.27
M-2 76110FHE6 4,112,900.00 4,007,777.93 7.750000 % 3,044.86
M-3 76110FHF3 2,632,200.00 2,564,923.27 7.750000 % 1,948.67
B-1 1,069,400.00 1,042,067.08 7.750000 % 791.70
B-2 411,200.00 400,690.10 7.750000 % 304.42
B-3 823,585.68 540,072.92 7.750000 % 410.30
- -------------------------------------------------------------------------------
164,514,437.18 79,493,057.28 2,138,675.41
===============================================================================
_______________________________________________________________________________
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 35,682.03 1,897,132.29 0.00 0.00 3,850,762.20
A-4 151,624.26 151,624.26 0.00 0.00 23,490,000.00
A-5 46,074.66 46,074.66 0.00 0.00 7,138,000.00
A-6 6,454.84 6,454.84 0.00 0.00 1,000,000.00
A-7 6,456.75 272,378.22 0.00 0.00 550,108.89
A-8 177,508.18 177,508.18 0.00 0.00 27,500,000.00
A-9 0.00 845.46 0.00 0.00 70,394.62
A-10-1 40,332.70 40,332.70 0.00 0.00 0.00
A-10-2 7,921.84 7,921.84 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 33,630.00 37,588.27 0.00 0.00 5,206,084.81
M-2 25,869.58 28,914.44 0.00 0.00 4,004,733.07
M-3 16,556.18 18,504.85 0.00 0.00 2,562,974.60
B-1 6,726.38 7,518.08 0.00 0.00 1,041,275.38
B-2 2,586.39 2,890.81 0.00 0.00 400,385.68
B-3 3,486.08 3,896.38 0.00 0.00 539,662.62
- -------------------------------------------------------------------------------
560,909.87 2,699,585.28 0.00 0.00 77,354,381.87
===============================================================================
Run: 08/27/99 08:23:44
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-3 339.588161 110.662283 2.121279 112.783562 0.000000 228.925878
A-4 1000.000000 0.000000 6.454843 6.454843 0.000000 1000.000000
A-5 1000.000000 0.000000 6.454842 6.454842 0.000000 1000.000000
A-6 1000.000000 0.000000 6.454840 6.454840 0.000000 1000.000000
A-7 53.078598 17.296830 0.419979 17.716809 0.000000 35.781768
A-8 1000.000000 0.000000 6.454843 6.454843 0.000000 1000.000000
A-9 663.615133 7.875624 0.000000 7.875624 0.000000 655.739510
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-1 974.440885 0.740320 6.289861 7.030181 0.000000 973.700565
M-2 974.440888 0.740319 6.289864 7.030183 0.000000 973.700569
M-3 974.440875 0.740320 6.289864 7.030184 0.000000 973.700555
B-1 974.440883 0.740322 6.289863 7.030185 0.000000 973.700561
B-2 974.440905 0.740321 6.289859 7.030180 0.000000 973.700584
B-3 655.758026 0.498200 4.232808 4.731008 0.000000 655.259834
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:44 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 16,304.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 33,342.50
MASTER SERVICER ADVANCES THIS MONTH 479.38
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 2,022,786.11
(B) TWO MONTHLY PAYMENTS: 2 518,762.21
(C) THREE OR MORE MONTHLY PAYMENTS: 4 380,313.45
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,313,648.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 77,354,381.87
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 817
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 60,563.61
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,078,261.27
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 82.66776700 % 14.83565200 % 2.49658110 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.20185490 % 15.22058893 % 2.56369240 %
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 8.80007119
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 323.32
POOL TRADING FACTOR: 47.01981370
................................................................................
Run: 08/27/99 08:23:46 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS4(POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FHK2 43,231,010.00 0.00 7.250000 % 0.00
A-2 76110FHL0 35,775,000.00 0.00 7.250000 % 0.00
A-3 76110FHM8 22,398,546.00 8,220,073.52 7.250000 % 2,062,902.68
A-4 76110FHN6 24,498,244.00 3,790,582.75 10.000000 % 458,422.76
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 155,284.33 120,469.76 0.000000 % 116.91
A-9-1 797QS4A91 0.00 0.00 0.805433 % 0.00
A-9-2 797QS4A92 0.00 0.00 0.485533 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,035,874.15 7.750000 % 5,628.64
M-2 76110FHW6 4,975,300.00 4,870,952.13 7.750000 % 3,896.72
M-3 76110FHX4 3,316,900.00 3,247,334.07 7.750000 % 2,597.84
B-1 1,216,200.00 1,190,692.42 7.750000 % 952.54
B-2 552,900.00 541,303.93 7.750000 % 433.04
B-3 995,114.30 844,141.20 7.750000 % 675.30
- -------------------------------------------------------------------------------
221,126,398.63 106,686,623.93 2,535,626.43
===============================================================================
_______________________________________________________________________________
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 49,640.08 2,112,542.76 0.00 0.00 6,157,170.84
A-4 31,573.65 489,996.41 0.00 0.00 3,332,159.99
A-5 110,418.54 110,418.54 0.00 0.00 17,675,100.00
A-6 46,156.48 46,156.48 0.00 0.00 7,150,100.00
A-7 335,678.76 335,678.76 0.00 0.00 52,000,000.00
A-8 0.00 116.91 0.00 0.00 120,352.85
A-9-1 57,304.41 57,304.41 0.00 0.00 0.00
A-9-2 8,602.32 8,602.32 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,419.11 51,047.75 0.00 0.00 7,030,245.51
M-2 31,443.75 35,340.47 0.00 0.00 4,867,055.41
M-3 20,962.72 23,560.56 0.00 0.00 3,244,736.23
B-1 7,686.35 8,638.89 0.00 0.00 1,189,739.88
B-2 3,494.31 3,927.35 0.00 0.00 540,870.89
B-3 5,449.24 6,124.54 0.00 0.00 843,465.90
- -------------------------------------------------------------------------------
753,829.72 3,289,456.15 0.00 0.00 104,150,997.50
===============================================================================
Run: 08/27/99 08:23:46
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS4(POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 366.991390 92.099848 2.216219 94.316067 0.000000 274.891542
A-4 154.728753 18.712474 1.288813 20.001287 0.000000 136.016279
A-5 1000.000000 0.000000 6.247124 6.247124 0.000000 1000.000000
A-6 1000.000000 0.000000 6.455361 6.455361 0.000000 1000.000000
A-7 1000.000000 0.000000 6.455361 6.455361 0.000000 1000.000000
A-8 775.801138 0.752877 0.000000 0.752877 0.000000 775.048262
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-1 979.026821 0.783213 6.319972 7.103185 0.000000 978.243608
M-2 979.026818 0.783213 6.319971 7.103184 0.000000 978.243605
M-3 979.026823 0.783213 6.319973 7.103186 0.000000 978.243610
B-1 979.026821 0.783210 6.319972 7.103182 0.000000 978.243611
B-2 979.026822 0.783216 6.319967 7.103183 0.000000 978.243606
B-3 848.285669 0.678626 5.475994 6.154620 0.000000 847.607050
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:46 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 21,926.70
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 28,237.14
MASTER SERVICER ADVANCES THIS MONTH 1,012.27
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,466,379.33
(B) TWO MONTHLY PAYMENTS: 6 797,068.52
(C) THREE OR MORE MONTHLY PAYMENTS: 2 107,337.18
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 251,923.26
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 104,150,997.50
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,114
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 124,036.94
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,450,265.14
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.36216780 % 14.22042500 % 2.41740690 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.97029310 % 14.53854261 % 2.47434460 %
BANKRUPTCY AMOUNT AVAILABLE 123,032.00
FRAUD AMOUNT AVAILABLE 112,437.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,380,465.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.80853932
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 323.08
POOL TRADING FACTOR: 47.10020972
................................................................................
Run: 08/27/99 08:23:47 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS5(POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4248
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FHZ9 33,300,000.00 0.00 7.250000 % 0.00
A-2 76110FJA2 10,800,000.00 0.00 7.250000 % 0.00
A-3 76110FJB0 29,956,909.00 4,589,286.31 10.000000 % 1,195,484.75
A-4 76110FJC8 24,000,000.00 453,005.90 7.250000 % 453,005.90
A-5 76110FJD6 11,785,091.00 11,785,091.00 7.250000 % 1,253,646.56
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 340,158.57 222,733.62 0.000000 % 7,564.25
A-11-1 0.00 0.00 0.706279 % 0.00
A-11-2 0.00 0.00 0.347552 % 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 6,586,734.57 8.000000 % 4,914.18
M-2 76110FJP9 4,330,000.00 4,237,824.77 8.000000 % 3,161.72
M-3 76110FJQ7 2,886,000.00 2,824,564.05 8.000000 % 2,107.33
B-1 1,058,000.00 1,035,477.71 8.000000 % 772.54
B-2 481,000.00 470,760.68 8.000000 % 351.22
B-3 866,066.26 731,984.31 8.000000 % 546.09
- -------------------------------------------------------------------------------
192,360,424.83 98,764,462.92 2,921,554.54
===============================================================================
_______________________________________________________________________________
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 38,222.16 1,233,706.91 0.00 0.00 3,393,801.56
A-4 2,735.34 455,741.24 0.00 0.00 0.00
A-5 71,160.83 1,324,807.39 0.00 0.00 10,531,444.44
A-6 120,884.08 120,884.08 0.00 0.00 18,143,000.00
A-7 31,761.81 31,761.81 0.00 0.00 4,767,000.00
A-8 26,807.77 26,807.77 0.00 0.00 0.00
A-9 259,141.77 259,141.77 0.00 0.00 42,917,000.00
A-10 0.00 7,564.25 0.00 0.00 215,169.37
A-11-1 43,913.20 43,913.20 0.00 0.00 0.00
A-11-2 6,979.27 6,979.27 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 43,886.42 48,800.60 0.00 0.00 6,581,820.39
M-2 28,236.00 31,397.72 0.00 0.00 4,234,663.05
M-3 18,819.65 20,926.98 0.00 0.00 2,822,456.72
B-1 6,899.23 7,671.77 0.00 0.00 1,034,705.17
B-2 3,136.60 3,487.82 0.00 0.00 470,409.46
B-3 4,877.11 5,423.20 0.00 0.00 598,780.35
- -------------------------------------------------------------------------------
707,461.24 3,629,015.78 0.00 0.00 95,710,250.51
===============================================================================
Run: 08/27/99 08:23:47
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS5(POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4248
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 153.196256 39.906812 1.275905 41.182717 0.000000 113.289444
A-4 18.875246 18.875246 0.113973 18.989219 0.000000 0.000000
A-5 1000.000000 106.375637 6.038208 112.413845 0.000000 893.624363
A-6 1000.000000 0.000000 6.662850 6.662850 0.000000 1000.000000
A-7 1000.000000 0.000000 6.662851 6.662851 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 6.038208 6.038208 0.000000 1000.000000
A-10 654.793498 22.237423 0.000000 22.237423 0.000000 632.556075
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-1 978.712418 0.730190 6.521013 7.251203 0.000000 977.982227
M-2 978.712418 0.730189 6.521016 7.251205 0.000000 977.982229
M-3 978.712422 0.730191 6.521015 7.251206 0.000000 977.982232
B-1 978.712391 0.730189 6.521011 7.251200 0.000000 977.982202
B-2 978.712432 0.730187 6.520998 7.251185 0.000000 977.982245
B-3 845.182804 0.630541 5.631336 6.261877 0.000000 691.379376
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:47 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 20,191.78
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,304.63
MASTER SERVICER ADVANCES THIS MONTH 373.70
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 2,437,413.53
(B) TWO MONTHLY PAYMENTS: 5 581,465.02
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,525,180.93
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 95,710,250.51
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 995
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 44,136.26
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,664,050.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.87754490 % 13.85111000 % 2.27134510 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.51450680 % 14.25023975 % 2.20314490 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 995,474.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,391,187.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.93321839
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 325.41
POOL TRADING FACTOR: 49.75568680
................................................................................
Run: 08/27/99 08:23:47 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 0.00 7.500000 % 0.00
A-2 76110FJS3 15,683,000.00 15,623,931.74 7.500000 % 1,423,623.66
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 19,518,931.46 7.500000 % 76,684.81
A-6 76110FJW4 164,986.80 89,748.00 0.000000 % 9,046.08
A-7-1 0.00 0.00 0.845471 % 0.00
A-7-2 0.00 0.00 0.308980 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,438,295.90 7.500000 % 9,579.43
M-2 76110FKA0 1,061,700.00 975,263.24 7.500000 % 3,831.56
M-3 76110FKB8 690,100.00 633,916.52 7.500000 % 2,490.49
B-1 371,600.00 341,346.71 7.500000 % 1,341.06
B-2 159,300.00 146,330.81 7.500000 % 574.90
B-3 372,446.48 335,126.74 7.500000 % 1,316.63
- -------------------------------------------------------------------------------
106,172,633.28 60,894,891.12 1,528,488.62
===============================================================================
_______________________________________________________________________________
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 97,573.27 1,521,196.93 0.00 0.00 14,200,308.08
A-3 117,070.95 117,070.95 0.00 0.00 18,746,000.00
A-4 12,777.51 12,777.51 0.00 0.00 2,046,000.00
A-5 121,898.00 198,582.81 0.00 0.00 19,442,246.65
A-6 0.00 9,046.08 0.00 0.00 80,701.92
A-7-1 35,872.33 35,872.33 0.00 0.00 0.00
A-7-2 2,557.52 2,557.52 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,227.44 24,806.87 0.00 0.00 2,428,716.47
M-2 6,090.64 9,922.20 0.00 0.00 971,431.68
M-3 3,958.88 6,449.37 0.00 0.00 631,426.03
B-1 2,131.75 3,472.81 0.00 0.00 340,005.65
B-2 913.86 1,488.76 0.00 0.00 145,755.91
B-3 2,092.90 3,409.53 0.00 0.00 333,810.11
- -------------------------------------------------------------------------------
418,165.05 1,946,653.67 0.00 0.00 59,366,402.50
===============================================================================
_______________________________________________________________________________
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-2 996.233612 90.774958 6.221595 96.996553 0.000000 905.458655
A-3 1000.000000 0.000000 6.245116 6.245116 0.000000 1000.000000
A-4 1000.000000 0.000000 6.245117 6.245117 0.000000 1000.000000
A-5 917.372349 3.604118 5.729097 9.333215 0.000000 913.768231
A-6 543.970790 54.829114 0.000000 54.829114 0.000000 489.141677
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-1 918.586460 3.608887 5.736679 9.345566 0.000000 914.977573
M-2 918.586456 3.608891 5.736686 9.345577 0.000000 914.977564
M-3 918.586466 3.608883 5.736676 9.345559 0.000000 914.977583
B-1 918.586410 3.608881 5.736679 9.345560 0.000000 914.977530
B-2 918.586378 3.608914 5.736723 9.345637 0.000000 914.977464
B-3 899.798382 3.535085 5.619331 9.154416 0.000000 896.263297
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:47 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 12,576.45
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 55.45
SUBSERVICER ADVANCES THIS MONTH 14,453.59
MASTER SERVICER ADVANCES THIS MONTH 380.96
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 10 1,147,735.26
(B) TWO MONTHLY PAYMENTS: 3 163,087.63
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 34,381.18
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 59,366,402.50
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 905
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 35,570.55
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,289,251.92
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.99034870 % 6.65646900 % 1.35318200 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.81734250 % 6.79100301 % 1.38241040 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 613,151.00
SPECIAL HAZARD AMOUNT AVAILABLE 733,321.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.57925694
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 145.46
POOL TRADING FACTOR: 55.91497608
................................................................................
Run: 08/27/99 08:25:03 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 5,749,418.07 7.477694 % 537,423.89
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
24,934,336.17 5,749,418.07 537,423.89
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 34,059.70 571,483.59 0.00 0.00 5,211,994.18
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
34,059.70 571,483.59 0.00 0.00 5,211,994.18
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 230.582360 21.553567 1.365976 22.919543 0.000000 209.028792
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:03 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 1,708.36
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 236.95
SUBSERVICER ADVANCES THIS MONTH 4,171.56
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 207,996.58
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 2 379,379.76
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 5,211,994.15
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 36
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 532,984.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 100.00000050 % 0.00000000 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 100.00000060 % 0.00000000 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.91549100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.86
POOL TRADING FACTOR: 20.90287912
................................................................................
Run: 08/27/99 08:25:04 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 5,478,124.46 7.757948 % 271,665.25
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
30,798,565.76 5,478,124.46 271,665.25
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 33,871.75 305,537.00 0.00 0.00 5,206,459.21
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
33,871.75 305,537.00 0.00 0.00 5,206,459.21
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 177.869466 8.820711 1.099783 9.920494 0.000000 169.048755
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:04 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 1,622.45
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 227.91
SUBSERVICER ADVANCES THIS MONTH 2,152.65
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 299,222.42
(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 5,206,459.16
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 35
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 267,324.60
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 100.00000070 % 0.00000000 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 100.00000100 % 0.00000000 %
CLASS R - STRIP PASS-THROUGH FOR NEXT DISTRIBUTION 0.6231 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.21858300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.61
POOL TRADING FACTOR: 16.90487538
................................................................................
Run: 08/27/99 08:23:50 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 17,983,119.16 7.500000 % 1,652,368.55
A-2 76110FKD4 20,984,000.00 0.00 7.500000 % 0.00
A-3 76110FKE2 11,000,000.00 11,000,000.00 7.500000 % 0.00
A-4 76110FKF9 4,000,000.00 4,000,000.00 7.500000 % 0.00
A-5 76110FKG7 17,500,000.00 17,500,000.00 7.750000 % 0.00
A-6 76110FKH5 17,500,000.00 17,500,000.00 7.250000 % 0.00
A-7 76110FKJ1 21,925,000.00 9,711,874.12 9.500000 % 236,052.65
A-8 76110FKP7 156,262.27 43,982.18 0.000000 % 39.84
A-9-1 0.00 0.00 0.847106 % 0.00
A-9-2 0.00 0.00 0.562810 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,574,082.28 7.750000 % 4,890.39
M-2 76110FKM4 3,827,000.00 3,756,758.67 7.750000 % 2,794.61
M-3 76110FKN2 2,870,200.00 2,817,519.94 7.750000 % 2,095.92
B-1 1,052,400.00 1,033,084.11 7.750000 % 768.50
B-2 478,400.00 469,619.36 7.750000 % 349.34
B-3 861,188.35 769,684.59 7.750000 % 572.56
- -------------------------------------------------------------------------------
191,342,550.62 93,159,724.41 1,899,932.36
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 112,273.38 1,764,641.93 0.00 0.00 16,330,750.61
A-2 0.00 0.00 0.00 0.00 0.00
A-3 68,675.92 68,675.92 0.00 0.00 11,000,000.00
A-4 24,973.06 24,973.06 0.00 0.00 4,000,000.00
A-5 112,899.05 112,899.05 0.00 0.00 17,500,000.00
A-6 105,615.24 105,615.24 0.00 0.00 17,500,000.00
A-7 76,802.82 312,855.47 0.00 0.00 9,475,821.47
A-8 0.00 39.84 0.00 0.00 43,942.34
A-9-1 53,785.36 53,785.36 0.00 0.00 0.00
A-9-2 7,911.07 7,911.07 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,411.86 47,302.25 0.00 0.00 6,569,191.89
M-2 24,236.26 27,030.87 0.00 0.00 3,753,964.06
M-3 18,176.87 20,272.79 0.00 0.00 2,815,424.02
B-1 6,664.81 7,433.31 0.00 0.00 1,032,315.61
B-2 3,029.69 3,379.03 0.00 0.00 469,270.02
B-3 4,965.52 5,538.08 0.00 0.00 769,112.03
- -------------------------------------------------------------------------------
662,420.91 2,562,353.27 0.00 0.00 91,259,792.05
===============================================================================
Run: 08/27/99 08:23:50
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-1 218.000984 20.030895 1.361038 21.391933 0.000000 197.970089
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 1000.000000 0.000000 6.243265 6.243265 0.000000 1000.000000
A-4 1000.000000 0.000000 6.243265 6.243265 0.000000 1000.000000
A-5 1000.000000 0.000000 6.451374 6.451374 0.000000 1000.000000
A-6 1000.000000 0.000000 6.035157 6.035157 0.000000 1000.000000
A-7 442.958911 10.766369 3.502979 14.269348 0.000000 432.192541
A-8 281.463849 0.254956 0.000000 0.254956 0.000000 281.208893
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-1 981.645853 0.730236 6.332964 7.063200 0.000000 980.915617
M-2 981.645851 0.730235 6.332966 7.063201 0.000000 980.915615
M-3 981.645857 0.730235 6.332963 7.063198 0.000000 980.915623
B-1 981.645867 0.730236 6.332963 7.063199 0.000000 980.915631
B-2 981.645819 0.730226 6.332964 7.063190 0.000000 980.915594
B-3 893.747100 0.664849 5.765893 6.430742 0.000000 893.082251
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:50 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 19,096.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 32,496.35
MASTER SERVICER ADVANCES THIS MONTH 4,594.40
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 2,140,930.57
(B) TWO MONTHLY PAYMENTS: 7 851,557.36
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,113,637.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 91,259,792.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 975
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 568,919.75
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,830,626.56
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.43916010 % 14.12044900 % 2.44039090 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.10679810 % 14.39689887 % 2.48936740 %
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 8.86895056
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 324.72
POOL TRADING FACTOR: 47.69445780
................................................................................
Run: 08/27/99 08:23:51 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 3,538,290.98 10.000000 % 257,321.59
A-4 76110FKX0 19,700,543.00 0.00 7.000000 % 0.00
A-5 76110FKY8 21,419,142.00 7,188,064.30 7.150000 % 1,838,011.35
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 8,477,651.22 7.500000 % 453,423.78
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 10,304.15 0.000000 % 10.52
A-12-1 0.00 0.00 0.953389 % 0.00
A-12-2 0.00 0.00 0.662292 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,490,985.30 7.500000 % 5,746.07
M-2 76110FLJ0 4,361,000.00 4,280,983.72 7.500000 % 3,283.79
M-3 76110FLK7 3,270,500.00 3,210,492.41 7.500000 % 2,462.66
B-1 1,199,000.00 1,177,000.57 7.500000 % 902.84
B-2 545,000.00 535,000.29 7.500000 % 410.38
B-3 981,461.72 825,482.27 7.500000 % 633.21
- -------------------------------------------------------------------------------
218,029,470.88 119,060,884.21 2,562,206.19
===============================================================================
_______________________________________________________________________________
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 29,476.82 286,798.41 0.00 0.00 3,280,969.39
A-4 0.00 0.00 0.00 0.00 0.00
A-5 42,815.90 1,880,827.25 0.00 0.00 5,350,052.95
A-6 38,191.81 38,191.81 0.00 0.00 6,323,320.00
A-7 99,634.98 99,634.98 0.00 0.00 16,496,308.00
A-8 52,969.26 506,393.04 0.00 0.00 8,024,227.44
A-9 30,719.86 30,719.86 0.00 0.00 5,000,001.00
A-10 340,565.49 340,565.49 0.00 0.00 54,507,000.00
A-11 0.00 10.52 0.00 0.00 10,293.63
A-12-1 73,439.67 73,439.67 0.00 0.00 0.00
A-12-2 14,674.52 14,674.52 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,804.47 52,550.54 0.00 0.00 7,485,239.23
M-2 26,748.04 30,031.83 0.00 0.00 4,277,699.93
M-3 20,059.50 22,522.16 0.00 0.00 3,208,029.75
B-1 7,354.02 8,256.86 0.00 0.00 1,176,097.73
B-2 3,342.74 3,753.12 0.00 0.00 534,589.91
B-3 5,157.70 5,790.91 0.00 0.00 824,849.06
- -------------------------------------------------------------------------------
831,954.78 3,394,160.97 0.00 0.00 116,498,678.02
===============================================================================
Run: 08/27/99 08:23:51
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-3 216.797082 15.766530 1.806095 17.572625 0.000000 201.030553
A-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-5 335.590674 85.811624 1.998955 87.810579 0.000000 249.779050
A-6 1000.000000 0.000000 6.039835 6.039835 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039835 6.039835 0.000000 1000.000000
A-8 326.088141 17.440694 2.037433 19.478127 0.000000 308.647447
A-9 1000.000000 0.000000 6.143971 6.143971 0.000000 1000.000000
A-10 1000.000000 0.000000 6.248106 6.248106 0.000000 1000.000000
A-11 390.173334 0.398347 0.000000 0.398347 0.000000 389.774987
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-1 981.651854 0.752990 6.133465 6.886455 0.000000 980.898864
M-2 981.651850 0.752990 6.133465 6.886455 0.000000 980.898860
M-3 981.651861 0.752992 6.133466 6.886458 0.000000 980.898869
B-1 981.651852 0.752994 6.133461 6.886455 0.000000 980.898857
B-2 981.651908 0.752991 6.133468 6.886459 0.000000 980.898917
B-3 841.074342 0.645160 5.255121 5.900281 0.000000 840.429171
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:51 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 24,407.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 24,619.65
MASTER SERVICER ADVANCES THIS MONTH 1,828.79
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 17 2,139,738.53
(B) TWO MONTHLY PAYMENTS: 4 211,985.21
(C) THREE OR MORE MONTHLY PAYMENTS: 5 725,655.09
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 80,631.01
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 116,498,678.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,165
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 220,573.70
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,470,877.45
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.28361260 % 12.58495500 % 2.13143280 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.97145810 % 12.85076291 % 2.17664340 %
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 8.71480132
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 327.00
POOL TRADING FACTOR: 53.43253715
................................................................................
Run: 08/27/99 08:23:56 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 5,214,508.00 10.000000 % 661,561.04
A-4 76110FLP6 38,010,000.00 11,516,332.69 6.750000 % 3,638,585.78
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 1.044342 % 0.00
A-9-2 0.00 0.00 0.755745 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,001,448.00 7.250000 % 8,709.79
M-2 76110FLX9 5,420,000.00 5,334,298.64 7.250000 % 5,806.53
M-3 76110FLY2 4,065,000.00 4,000,723.97 7.250000 % 4,354.89
B-1 1,490,500.00 1,466,932.10 7.250000 % 1,596.79
B-2 677,500.00 666,787.34 7.250000 % 725.82
B-3 1,219,925.82 1,188,903.12 7.250000 % 210.39
- -------------------------------------------------------------------------------
271,005,025.82 155,240,395.86 4,321,551.03
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 43,435.56 704,996.60 0.00 0.00 4,552,946.96
A-4 64,751.53 3,703,337.31 0.00 0.00 7,877,746.91
A-5 96,502.98 96,502.98 0.00 0.00 17,163,462.00
A-6 181,033.22 181,033.22 0.00 0.00 29,977,000.00
A-7 97,017.67 97,017.67 0.00 0.00 16,065,000.00
A-8 330,005.01 330,005.01 0.00 0.00 54,645,000.00
A-9-1 115,159.42 115,159.42 0.00 0.00 0.00
A-9-2 14,390.58 14,390.58 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,321.31 57,031.10 0.00 0.00 7,992,738.21
M-2 32,214.20 38,020.73 0.00 0.00 5,328,492.11
M-3 24,160.65 28,515.54 0.00 0.00 3,996,369.08
B-1 8,858.90 10,455.69 0.00 0.00 1,465,335.31
B-2 4,026.78 4,752.60 0.00 0.00 666,061.52
B-3 7,179.87 7,390.26 0.00 0.00 1,175,092.56
- -------------------------------------------------------------------------------
1,067,057.68 5,388,608.71 0.00 0.00 150,905,244.66
===============================================================================
Run: 08/27/99 08:23:56
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-3 226.998645 28.799162 1.890842 30.690004 0.000000 198.199483
A-4 302.981655 95.727066 1.703539 97.430605 0.000000 207.254589
A-5 1000.000000 0.000000 5.622582 5.622582 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039071 6.039071 0.000000 1000.000000
A-7 1000.000000 0.000000 6.039071 6.039071 0.000000 1000.000000
A-8 1000.000000 0.000000 6.039071 6.039071 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-1 984.187946 1.071315 5.943581 7.014896 0.000000 983.116631
M-2 984.187941 1.071315 5.943579 7.014894 0.000000 983.116626
M-3 984.187938 1.071314 5.943579 7.014893 0.000000 983.116625
B-1 984.187924 1.071312 5.943576 7.014888 0.000000 983.116612
B-2 984.187956 1.071321 5.943587 7.014908 0.000000 983.116635
B-3 974.570011 0.172461 5.885497 6.057958 0.000000 963.249188
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:56 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 35,166.47
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 38,705.87
MASTER SERVICER ADVANCES THIS MONTH 1,276.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 3,401,951.67
(B) TWO MONTHLY PAYMENTS: 7 584,972.99
(C) THREE OR MORE MONTHLY PAYMENTS: 6 598,191.03
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 488,671.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 150,905,244.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,601
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 262,496.22
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,090,939.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 52,355.60
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.69219240 % 11.16750000 % 2.14030800 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.33308680 % 11.47581016 % 2.19110300 %
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 8.60721809
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 328.18
POOL TRADING FACTOR: 55.68355945
................................................................................
Run: 08/27/99 08:23:57 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 73,133,128.49 7.250000 % 4,790,956.35
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 63,541,114.13 7.250000 % 96,166.56
A-5 7611OFMS9 76,250.57 64,866.92 0.000000 % 5,919.48
A-6-1 0.00 0.00 1.007787 % 0.00
A-6-2 0.00 0.00 0.677805 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,407,151.43 7.250000 % 14,699.35
M-2 7611OFMW0 6,524,000.00 6,404,098.85 7.250000 % 9,045.33
M-3 7611OFMX8 4,893,000.00 4,803,074.10 7.250000 % 6,784.00
B-1 7611OFMY6 1,794,000.00 1,761,029.02 7.250000 % 2,487.33
B-2 7611OFMZ3 816,000.00 801,003.16 7.250000 % 1,131.36
B-3 7611OFNA7 1,468,094.11 1,335,764.54 7.250000 % 1,886.67
- -------------------------------------------------------------------------------
326,202,444.68 197,394,230.64 4,929,076.43
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 441,458.51 5,232,414.86 0.00 0.00 68,342,172.14
A-2 60,363.69 60,363.69 0.00 0.00 10,000,000.00
A-3 151,772.42 151,772.42 0.00 0.00 25,143,000.00
A-4 383,557.58 479,724.14 0.00 0.00 63,444,947.57
A-5 0.00 5,919.48 0.00 0.00 58,947.44
A-6-1 131,719.80 131,719.80 0.00 0.00 0.00
A-6-2 22,807.43 22,807.43 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,821.40 77,520.75 0.00 0.00 10,392,452.08
M-2 38,657.50 47,702.83 0.00 0.00 6,395,053.52
M-3 28,993.12 35,777.12 0.00 0.00 4,796,290.10
B-1 10,630.22 13,117.55 0.00 0.00 1,758,541.69
B-2 4,835.15 5,966.51 0.00 0.00 799,871.80
B-3 8,063.16 9,949.83 0.00 0.00 1,331,300.49
- -------------------------------------------------------------------------------
1,345,679.98 6,274,756.41 0.00 0.00 192,462,576.83
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 365.721430 23.958436 2.207629 26.166065 0.000000 341.762993
A-2 1000.000000 0.000000 6.036369 6.036369 0.000000 1000.000000
A-3 1000.000000 0.000000 6.036369 6.036369 0.000000 1000.000000
A-4 978.812880 1.481388 5.908475 7.389863 0.000000 977.331491
A-5 850.707346 77.631944 0.000000 77.631944 0.000000 773.075401
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-1 981.621527 1.386470 5.925429 7.311899 0.000000 980.235058
M-2 981.621528 1.386470 5.925429 7.311899 0.000000 980.235058
M-3 981.621521 1.386470 5.925428 7.311898 0.000000 980.235050
B-1 981.621527 1.386472 5.925429 7.311901 0.000000 980.235056
B-2 981.621520 1.386471 5.925429 7.311900 0.000000 980.235049
B-3 909.863020 1.285115 5.492264 6.777379 0.000000 906.822309
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:57 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 40,589.99
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 37,533.28
MASTER SERVICER ADVANCES THIS MONTH 4,387.21
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 2,950,892.27
(B) TWO MONTHLY PAYMENTS: 5 545,868.51
(C) THREE OR MORE MONTHLY PAYMENTS: 9 812,634.89
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 566,023.16
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 192,462,576.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,896
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 571,406.90
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,632,949.97
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.07130020 % 10.95342500 % 1.97527460 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.76037990 % 11.21454158 % 2.02164270 %
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 8.51775762
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.71
POOL TRADING FACTOR: 59.00096090
................................................................................
Run: 08/27/99 08:23:58 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 62,564,208.37 7.000000 % 1,015,024.88
A-2 7611OFMD2 43,142.76 24,733.02 0.000000 % 201.49
A-3-1 0.00 0.00 1.085840 % 0.00
A-3-2 0.00 0.00 0.642216 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,831,491.85 7.000000 % 11,083.79
M-2 7611OFMH3 892,000.00 830,000.22 7.000000 % 3,249.01
M-3 7611OFMJ9 419,700.00 390,528.14 7.000000 % 1,528.71
B-1 7611OFMK6 367,000.00 341,491.13 7.000000 % 1,336.76
B-2 7611OFML4 262,400.00 244,161.47 7.000000 % 955.76
B-3 7611OFMM2 263,388.53 245,081.33 7.000000 % 959.37
- -------------------------------------------------------------------------------
104,940,731.29 67,471,695.53 1,034,339.77
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 364,308.82 1,379,333.70 0.00 0.00 61,549,183.49
A-2 0.00 201.49 0.00 0.00 24,531.53
A-3-1 48,169.75 48,169.75 0.00 0.00 0.00
A-3-2 7,555.47 7,555.47 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,487.67 27,571.46 0.00 0.00 2,820,408.06
M-2 4,833.06 8,082.07 0.00 0.00 826,751.21
M-3 2,274.03 3,802.74 0.00 0.00 388,999.43
B-1 1,988.49 3,325.25 0.00 0.00 340,154.37
B-2 1,421.75 2,377.51 0.00 0.00 243,205.71
B-3 1,427.10 2,386.47 0.00 0.00 244,121.96
- -------------------------------------------------------------------------------
448,466.14 1,482,805.91 0.00 0.00 66,437,355.76
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 627.839522 10.185899 3.655884 13.841783 0.000000 617.653623
A-2 573.283211 4.670309 0.000000 4.670309 0.000000 568.612903
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-1 930.493543 3.642389 5.418229 9.060618 0.000000 926.851154
M-2 930.493520 3.642388 5.418229 9.060617 0.000000 926.851132
M-3 930.493543 3.642387 5.418227 9.060614 0.000000 926.851156
B-1 930.493542 3.642398 5.418229 9.060627 0.000000 926.851144
B-2 930.493407 3.642378 5.418255 9.060633 0.000000 926.851029
B-3 930.493556 3.642376 5.418231 9.060607 0.000000 926.851143
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:23:58 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 13,989.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,097.52
SUBSERVICER ADVANCES THIS MONTH 17,976.25
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 10 909,841.78
(B) TWO MONTHLY PAYMENTS: 2 505,714.13
(C) THREE OR MORE MONTHLY PAYMENTS: 1 47,237.35
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 191,454.98
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 66,437,355.76
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 822
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 770,167.51
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.76060190 % 6.00771300 % 1.23168470 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.67665430 % 6.07513447 % 1.24596730 %
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 8.31635448
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 149.80
POOL TRADING FACTOR: 63.30940803
................................................................................
Run: 08/27/99 08:24:01 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 8,141,672.51 9.000000 % 570,814.18
A-3 76110FND1 62,824,125.00 20,550,533.67 7.000000 % 3,995,699.27
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 58,384,423.05 7.250000 % 45,023.67
A-8-1 0.00 0.00 0.933356 % 0.00
A-8-2 0.00 0.00 0.740124 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,278,488.75 7.250000 % 7,926.35
M-2 76110FNL3 4,471,600.00 4,405,122.91 7.250000 % 3,397.05
M-3 76110FNM1 4,471,500.00 4,405,024.38 7.250000 % 3,396.97
B-1 76110FNN9 1,639,600.00 1,616,392.18 7.250000 % 1,246.50
B-2 76110FNP4 745,200.00 735,190.30 7.250000 % 566.95
B-3 76110FNQ2 1,341,561.05 1,265,677.52 7.250000 % 976.04
- -------------------------------------------------------------------------------
298,104,002.05 182,659,684.27 4,629,046.98
===============================================================================
_______________________________________________________________________________
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 61,027.88 631,842.06 0.00 0.00 7,570,858.33
A-3 119,810.06 4,115,509.33 0.00 0.00 16,554,834.40
A-4 139,106.04 139,106.04 0.00 0.00 24,294,118.00
A-5 156,994.16 156,994.16 0.00 0.00 26,000,000.00
A-6 136,361.76 136,361.76 0.00 0.00 22,583,041.00
A-7 352,538.98 397,562.65 0.00 0.00 58,339,399.38
A-8-1 116,434.57 116,434.57 0.00 0.00 0.00
A-8-2 20,265.86 20,265.86 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,063.95 69,990.30 0.00 0.00 10,270,562.40
M-2 26,599.17 29,996.22 0.00 0.00 4,401,725.86
M-3 26,598.58 29,995.55 0.00 0.00 4,401,627.41
B-1 9,760.16 11,006.66 0.00 0.00 1,615,145.68
B-2 4,439.25 5,006.20 0.00 0.00 734,623.35
B-3 7,642.46 8,618.50 0.00 0.00 1,264,701.48
- -------------------------------------------------------------------------------
1,239,642.88 5,868,689.86 0.00 0.00 178,030,637.29
===============================================================================
Run: 08/27/99 08:24:01
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-2 363.374132 25.476228 2.723759 28.199987 0.000000 337.897904
A-3 327.112135 63.601352 1.907071 65.508423 0.000000 263.510784
A-4 1000.000000 0.000000 5.725914 5.725914 0.000000 1000.000000
A-5 1000.000000 0.000000 6.038237 6.038237 0.000000 1000.000000
A-6 1000.000000 0.000000 6.038237 6.038237 0.000000 1000.000000
A-7 984.248216 0.759012 5.943124 6.702136 0.000000 983.489204
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-1 985.133487 0.759695 5.948469 6.708164 0.000000 984.373792
M-2 985.133489 0.759695 5.948468 6.708163 0.000000 984.373795
M-3 985.133485 0.759694 5.948469 6.708163 0.000000 984.373792
B-1 985.845438 0.760246 5.952769 6.713015 0.000000 985.085192
B-2 986.567767 0.760802 5.957126 6.717928 0.000000 985.806965
B-3 943.436394 0.727541 5.696692 6.424233 0.000000 942.708855
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:01 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 37,500.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 38,575.54
MASTER SERVICER ADVANCES THIS MONTH 799.23
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 16 1,515,809.18
(B) TWO MONTHLY PAYMENTS: 6 429,342.40
(C) THREE OR MORE MONTHLY PAYMENTS: 8 1,645,384.38
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,574,045.47
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 178,030,637.29
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,799
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 102,612.65
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,488,187.32
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.56928980 % 10.45038300 % 1.98032750 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.25590910 % 10.71383890 % 2.03025200 %
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 8.47648361
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.07
POOL TRADING FACTOR: 59.72098196
................................................................................
Run: 08/27/99 08:21:28 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 6,379,891.82 7.878368 % 198,138.46
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
25,117,531.34 6,379,891.82 198,138.46
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 41,458.36 239,596.82 0.00 0.00 6,181,753.36
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
41,458.36 239,596.82 0.00 0.00 6,181,753.36
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 254.001547 7.888453 1.650575 9.539028 0.000000 246.113094
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:21:28 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 1,959.86
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 243.33
SUBSERVICER ADVANCES THIS MONTH 472.32
MASTER SERVICER ADVANCES THIS MONTH 314.61
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 61,939.00
(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 6,181,753.36
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 50
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 44,154.97
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 187,722.17
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 8.21738708
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.89
POOL TRADING FACTOR: 24.61130943
................................................................................
Run: 08/27/99 08:24:03 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 16,189,818.61 7.250000 % 584,150.68
A-2 76110FNT6 30,750,000.00 0.00 7.250000 % 0.00
A-3 76110FNU3 40,799,000.00 31,437,955.72 7.250000 % 1,530,512.52
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 61,936,825.55 7.250000 % 47,626.29
A-8 76110FNZ2 15,495,000.00 0.00 7.250000 % 0.00
A-9 76110FPA5 68,339,000.00 43,088,899.75 7.000000 % 1,554,706.12
A-10 76110fPB3 0.00 0.00 7.250000 % 0.00
A-11 76110FPC1 100,038,312.00 62,975,260.11 0.000000 % 1,416,574.69
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 3.155000 % 0.00
A-14 76110FPF4 0.00 0.00 11.345000 % 0.00
A-15 76110FPG2 26,249,000.00 13,491,429.82 7.000000 % 486,789.14
A-16 76110FPH0 2,386,273.00 1,226,493.77 10.000000 % 44,253.56
A-17 76110FPJ6 139,012.74 130,426.87 0.000000 % 143.71
A-18-1 0.00 0.00 0.911957 % 0.00
A-18-2 0.00 0.00 0.626857 % 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 16,008,273.77 7.250000 % 12,309.55
M-2 76110FPP2 5,422,000.00 5,335,763.21 7.250000 % 4,102.93
M-3 76110FPQ0 6,507,000.00 6,403,506.33 7.250000 % 4,923.97
B-1 76110FPR8 2,386,000.00 2,348,050.73 7.250000 % 1,805.53
B-2 76110FPS6 1,085,000.00 1,067,743.11 7.250000 % 821.04
B-3 76110FPT4 1,952,210.06 1,844,666.39 7.250000 % 1,418.47
- -------------------------------------------------------------------------------
433,792,422.80 284,964,528.74 5,690,138.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 97,792.52 681,943.20 0.00 0.00 15,605,667.93
A-2 0.00 0.00 0.00 0.00 0.00
A-3 189,896.92 1,720,409.44 0.00 0.00 29,907,443.20
A-4 40,742.30 40,742.30 0.00 0.00 6,745,000.00
A-5 25,583.48 25,583.48 0.00 0.00 4,235,415.00
A-6 63,417.86 63,417.86 0.00 0.00 10,499,000.00
A-7 374,121.42 421,747.71 0.00 0.00 61,889,199.26
A-8 0.00 0.00 0.00 0.00 0.00
A-9 251,298.03 1,806,004.15 0.00 0.00 41,534,193.63
A-10 8,974.93 8,974.93 0.00 0.00 0.00
A-11 0.00 1,416,574.69 0.00 0.00 61,558,685.42
A-12 190,196.97 190,196.97 0.00 0.00 0.00
A-13 41,384.23 41,384.23 0.00 0.00 0.00
A-14 148,812.74 148,812.74 0.00 0.00 0.00
A-15 78,683.14 565,472.28 0.00 0.00 13,004,640.68
A-16 10,218.59 54,472.15 0.00 0.00 1,182,240.21
A-17 0.00 143.71 0.00 0.00 130,283.16
A-18-1 166,154.58 166,154.58 0.00 0.00 0.00
A-18-2 34,617.52 34,617.52 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 96,695.91 109,005.46 0.00 0.00 15,995,964.22
M-2 32,229.99 36,332.92 0.00 0.00 5,331,660.28
M-3 38,679.55 43,603.52 0.00 0.00 6,398,582.36
B-1 14,183.10 15,988.63 0.00 0.00 2,346,245.20
B-2 6,449.57 7,270.61 0.00 0.00 1,066,922.07
B-3 11,142.47 12,560.94 0.00 0.00 1,843,247.92
- -------------------------------------------------------------------------------
1,921,275.82 7,611,414.02 0.00 0.00 279,274,390.54
===============================================================================
Run: 08/27/99 08:24:03
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-1 513.978812 18.545055 3.104623 21.649678 0.000000 495.433758
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 770.557017 37.513481 4.654450 42.167931 0.000000 733.043535
A-4 1000.000000 0.000000 6.040371 6.040371 0.000000 1000.000000
A-5 1000.000000 0.000000 6.040371 6.040371 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040371 6.040371 0.000000 1000.000000
A-7 983.139820 0.755985 5.938530 6.694515 0.000000 982.383836
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 630.516978 22.749910 3.677227 26.427137 0.000000 607.767068
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 629.511423 14.160322 0.000000 14.160322 0.000000 615.351101
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-15 513.978811 18.545055 2.997567 21.542622 0.000000 495.433757
A-16 513.978816 18.545055 4.282238 22.827293 0.000000 495.433761
A-17 938.236812 1.033790 0.000000 1.033790 0.000000 937.203022
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-1 984.095025 0.756719 5.944299 6.701018 0.000000 983.338306
M-2 984.095022 0.756719 5.944299 6.701018 0.000000 983.338303
M-3 984.095025 0.756719 5.944298 6.701017 0.000000 983.338306
B-1 984.095025 0.756718 5.944300 6.701018 0.000000 983.338307
B-2 984.095032 0.756719 5.944304 6.701023 0.000000 983.338313
B-3 944.911835 0.726592 5.707618 6.434210 0.000000 944.185236
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:04 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 58,783.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,939.48
MASTER SERVICER ADVANCES THIS MONTH 340.03
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 3,504,500.62
(B) TWO MONTHLY PAYMENTS: 9 703,912.22
(C) THREE OR MORE MONTHLY PAYMENTS: 9 695,917.23
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 357,109.71
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 279,274,390.53
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,605
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 44,417.27
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,470,994.40
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.41149870 % 9.74165100 % 1.84685060 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.18437460 % 9.92794463 % 1.88304720 %
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 8.37383770
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.49
POOL TRADING FACTOR: 64.37972999
................................................................................
Run: 08/27/99 08:24:06 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 12,950,752.62 7.000000 % 1,805,807.93
A-2 76110FPV9 117,395,000.00 61,190,980.15 7.000000 % 1,975,536.27
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 1.124236 % 0.00
A-6-2 0.00 0.00 0.939162 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,190,915.42 7.000000 % 0.00
M-2 76110FQD8 4,054,000.00 3,996,649.91 7.000000 % 0.00
M-3 76110FQE6 4,865,000.00 4,796,177.02 7.000000 % 0.00
B-1 76110FQF3 1,783,800.00 1,758,565.38 7.000000 % 0.00
B-2 76110FQG1 810,800.00 799,329.98 7.000000 % 0.00
B-3 76110FQH9 1,459,579.11 1,438,955.90 7.000000 % 0.00
- -------------------------------------------------------------------------------
324,327,779.11 216,404,326.38 3,781,344.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 75,522.00 1,881,329.93 0.00 0.00 11,144,944.69
A-2 356,833.71 2,332,369.98 0.00 0.00 59,215,443.88
A-3 299,621.22 299,621.22 0.00 0.00 51,380,000.00
A-4 10,858.21 10,858.21 0.00 0.00 1,862,000.00
A-5 379,279.18 379,279.18 0.00 0.00 65,040,000.00
A-6-1 156,575.16 156,575.16 0.00 0.00 0.00
A-6-2 38,512.19 38,512.19 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,032.08 16,032.08 0.00 0.00 11,190,915.42
M-2 0.00 0.00 0.00 0.00 3,996,649.91
M-3 0.00 0.00 0.00 0.00 4,796,177.02
B-1 0.00 0.00 0.00 0.00 1,758,565.38
B-2 0.00 0.00 0.00 0.00 799,329.98
B-3 0.00 0.00 0.00 0.00 1,420,058.92
- -------------------------------------------------------------------------------
1,333,233.75 5,114,577.95 0.00 0.00 212,604,085.20
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 201.329985 28.072753 1.174051 29.246804 0.000000 173.257232
A-2 521.240088 16.828113 3.039599 19.867712 0.000000 504.411976
A-3 1000.000000 0.000000 5.831476 5.831476 0.000000 1000.000000
A-4 1000.000000 0.000000 5.831477 5.831477 0.000000 1000.000000
A-5 1000.000000 0.000000 5.831476 5.831476 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-1 985.853448 0.000000 1.412331 1.412331 0.000000 985.853448
M-2 985.853456 0.000000 0.000000 0.000000 0.000000 985.853456
M-3 985.853447 0.000000 0.000000 0.000000 0.000000 985.853447
B-1 985.853448 0.000000 0.000000 0.000000 0.000000 985.853448
B-2 985.853453 0.000000 0.000000 0.000000 0.000000 985.853453
B-3 985.870440 0.000000 0.000000 0.000000 0.000000 972.923571
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:06 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 44,733.23
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 45,286.94
MASTER SERVICER ADVANCES THIS MONTH 2,096.78
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 3,175,977.31
(B) TWO MONTHLY PAYMENTS: 9 1,457,378.79
(C) THREE OR MORE MONTHLY PAYMENTS: 7 876,624.76
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 458,800.71
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 212,604,085.20
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,969
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 287,170.69
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,629,712.16
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.91861640 % 9.23444700 % 1.84693690 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.72942790 % 9.39951005 % 1.87106200 %
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 8.36055111
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.72
POOL TRADING FACTOR: 65.55222799
................................................................................
Run: 08/27/99 08:24:08 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 9,120,299.04 6.750000 % 581,504.22
A-2 76110FQK2 158,282,400.00 72,179,141.00 6.500000 % 4,602,094.17
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 21,945,565.31 5.763750 % 905,593.97
A-5 76110FQN6 0.00 0.00 3.262025 % 0.00
A-6 76110FQP1 13,504,750.00 7,562,257.33 5.663750 % 317,617.60
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 131,132.54 0.000000 % 249.59
A-9-1 0.00 0.00 1.055510 % 0.00
A-9-2 0.00 0.00 0.745057 % 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 17,129,726.64 7.000000 % 13,111.16
M-2 76110FQW6 5,422,000.00 5,352,916.17 7.000000 % 4,097.14
M-3 76110FQX4 5,422,000.00 5,352,916.17 7.000000 % 4,097.14
B-1 76110FQY2 2,385,700.00 2,355,302.87 7.000000 % 1,802.76
B-2 76110FQZ9 1,084,400.00 1,070,583.26 7.000000 % 819.43
B-3 76110FRA3 1,952,351.82 1,927,476.08 7.000000 % 1,475.29
- -------------------------------------------------------------------------------
433,770,084.51 313,465,216.41 6,432,462.47
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 51,287.29 632,791.51 0.00 0.00 8,538,794.82
A-2 390,860.70 4,992,954.87 0.00 0.00 67,577,046.83
A-3 464,404.72 464,404.72 0.00 0.00 82,584,000.00
A-4 105,377.73 1,010,971.70 0.00 0.00 21,039,971.34
A-5 80,190.21 80,190.21 0.00 0.00 0.00
A-6 35,682.27 353,299.87 0.00 0.00 7,244,639.73
A-7 505,922.49 505,922.49 0.00 0.00 86,753,900.00
A-8 0.00 249.59 0.00 0.00 130,882.95
A-9-1 201,973.78 201,973.78 0.00 0.00 0.00
A-9-2 52,001.97 52,001.97 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 99,895.39 113,006.55 0.00 0.00 17,116,615.48
M-2 31,216.58 35,313.72 0.00 0.00 5,348,819.03
M-3 31,216.58 35,313.72 0.00 0.00 5,348,819.03
B-1 13,735.42 15,538.18 0.00 0.00 2,353,500.11
B-2 6,243.32 7,062.75 0.00 0.00 1,069,763.83
B-3 11,240.46 12,715.75 0.00 0.00 1,871,355.51
- -------------------------------------------------------------------------------
2,081,248.91 8,513,711.38 0.00 0.00 306,978,108.66
===============================================================================
Run: 08/27/99 08:24:08
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-1 456.014952 29.075211 2.564365 31.639576 0.000000 426.939741
A-2 456.014952 29.075211 2.469388 31.544599 0.000000 426.939741
A-3 1000.000000 0.000000 5.623422 5.623422 0.000000 1000.000000
A-4 564.315101 23.286725 2.709716 25.996441 0.000000 541.028376
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 559.970183 23.518955 2.642201 26.161156 0.000000 536.451228
A-7 1000.000000 0.000000 5.831697 5.831697 0.000000 1000.000000
A-8 945.217310 1.799071 0.000000 1.799071 0.000000 943.418238
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-1 987.258607 0.755652 5.757394 6.513046 0.000000 986.502956
M-2 987.258608 0.755651 5.757392 6.513043 0.000000 986.502957
M-3 987.258608 0.755651 5.757392 6.513043 0.000000 986.502957
B-1 987.258612 0.755652 5.757396 6.513048 0.000000 986.502959
B-2 987.258632 0.755653 5.757396 6.513049 0.000000 986.502979
B-3 987.258577 0.755648 5.757395 6.513043 0.000000 958.513466
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:08 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 64,577.47
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 75,714.75
MASTER SERVICER ADVANCES THIS MONTH 2,332.06
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 4,794,774.21
(B) TWO MONTHLY PAYMENTS: 10 1,254,379.09
(C) THREE OR MORE MONTHLY PAYMENTS: 14 1,679,399.85
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 2,344,433.06
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 306,978,108.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,750
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 303,786.22
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,168,001.49
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.40781650 % 8.88366800 % 1.70851580 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.20998130 % 9.06066353 % 1.72549040 %
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 8.24679163
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.44
POOL TRADING FACTOR: 70.76977404
................................................................................
Run: 08/27/99 08:25:06 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 89,361,754.15 6.500000 % 1,464,884.15
A-2 76110FRC9 34,880,737.00 20,429,355.53 6.500000 % 415,794.38
A-3-1 0.00 0.00 1.245283 % 0.00
A-3-2 0.00 0.00 1.003040 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,711,804.20 6.500000 % 13,756.20
M-2 76110FRG0 785,100.00 742,077.31 6.500000 % 2,750.19
M-3 76110FRH8 707,000.00 668,257.10 6.500000 % 2,476.61
B-1 76110FRJ4 471,200.00 445,378.68 6.500000 % 1,650.60
B-2 76110FRK1 314,000.00 296,793.12 6.500000 % 1,099.94
B-3 76110FRL9 471,435.62 410,668.59 6.500000 % 1,521.95
- -------------------------------------------------------------------------------
157,074,535.62 116,066,088.68 1,903,934.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 482,973.61 1,947,857.76 0.00 0.00 87,896,870.00
A-2 110,414.57 526,208.95 0.00 0.00 20,013,561.15
A-3-1 95,419.87 95,419.87 0.00 0.00 0.00
A-3-2 19,943.50 19,943.50 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,061.20 33,817.40 0.00 0.00 3,698,048.00
M-2 4,010.71 6,760.90 0.00 0.00 739,327.12
M-3 3,611.73 6,088.34 0.00 0.00 665,780.49
B-1 2,407.14 4,057.74 0.00 0.00 443,728.08
B-2 1,604.08 2,704.02 0.00 0.00 295,693.18
B-3 2,219.54 3,741.49 0.00 0.00 409,046.63
- -------------------------------------------------------------------------------
742,665.95 2,646,599.97 0.00 0.00 114,162,054.65
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 773.574532 12.681007 4.180939 16.861946 0.000000 760.893524
A-2 585.691625 11.920459 3.165488 15.085947 0.000000 573.771166
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-1 945.200968 3.502979 5.108531 8.611510 0.000000 941.697988
M-2 945.201006 3.502981 5.108534 8.611515 0.000000 941.698026
M-3 945.200990 3.502984 5.108529 8.611513 0.000000 941.698006
B-1 945.200934 3.502971 5.108531 8.611502 0.000000 941.697963
B-2 945.201019 3.502994 5.108535 8.611529 0.000000 941.698026
B-3 871.102167 3.228331 4.708045 7.936376 0.000000 867.661697
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:06 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 24,081.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 514.10
SUBSERVICER ADVANCES THIS MONTH 10,446.29
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 12 857,506.79
(B) TWO MONTHLY PAYMENTS: 1 83,894.47
(C) THREE OR MORE MONTHLY PAYMENTS: 1 48,755.20
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 26,169.97
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 114,162,054.65
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,302
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 1,473,885.27
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.59361550 % 4.41312200 % 0.99326200 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.52390420 % 4.47009790 % 1.00599790 %
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 7.97393200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 154.92
POOL TRADING FACTOR: 72.68017964
................................................................................
Run: 08/27/99 08:25:06 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 70,537,948.72 6.500000 % 2,446,196.64
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 25,101,042.16 5.663750 % 611,549.16
A-I-4 76110FRQ8 0.00 0.00 3.336250 % 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 58,296,010.62 7.000000 % 1,169,987.93
A-V-1 0.00 0.00 0.892022 % 0.00
A-V-2 0.00 0.00 0.633700 % 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 14,009,623.46 7.000000 % 10,930.03
M-2 76110FRY1 5,067,800.00 5,003,380.53 7.000000 % 3,903.54
M-3 76110FRZ8 5,067,800.00 5,003,380.53 7.000000 % 3,903.54
B-1 76110FSA2 2,230,000.00 2,201,653.28 7.000000 % 1,717.69
B-2 76110FSB0 1,216,400.00 1,200,937.70 7.000000 % 936.95
B-3 76110FSC8 1,621,792.30 1,601,176.90 7.000000 % 1,249.21
- -------------------------------------------------------------------------------
405,421,992.30 307,555,598.90 4,250,374.69
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 381,957.51 2,828,154.15 0.00 0.00 68,091,752.08
A-I-2 335,886.80 335,886.80 0.00 0.00 59,732,445.00
A-I-3 118,433.54 729,982.70 0.00 0.00 24,489,493.00
A-I-4 69,763.66 69,763.66 0.00 0.00 0.00
A-I-5 378,274.81 378,274.81 0.00 0.00 64,868,000.00
A-II 339,991.62 1,509,979.55 0.00 0.00 57,126,022.69
A-V-1 182,811.31 182,811.31 0.00 0.00 0.00
A-V-2 32,493.85 32,493.85 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 81,694.98 92,625.01 0.00 0.00 13,998,693.43
M-2 29,176.45 33,079.99 0.00 0.00 4,999,476.99
M-3 29,176.45 33,079.99 0.00 0.00 4,999,476.99
B-1 12,838.61 14,556.30 0.00 0.00 2,199,935.59
B-2 7,003.08 7,940.03 0.00 0.00 1,200,000.75
B-3 9,337.02 10,586.23 0.00 0.00 1,590,424.46
- -------------------------------------------------------------------------------
2,008,839.69 6,259,214.38 0.00 0.00 303,295,720.98
===============================================================================
Run: 08/27/99 08:25:06
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-1 522.478554 18.119116 2.829181 20.948297 0.000000 504.359438
A-I-2 1000.000000 0.000000 5.623188 5.623188 0.000000 1000.000000
A-I-3 608.980246 14.836888 2.873334 17.710222 0.000000 594.143358
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.831455 5.831455 0.000000 1000.000000
A-II 775.181982 15.557729 4.520985 20.078714 0.000000 759.624253
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-1 987.288475 0.770263 5.757222 6.527485 0.000000 986.518212
M-2 987.288474 0.770263 5.757223 6.527486 0.000000 986.518211
M-3 987.288474 0.770263 5.757223 6.527486 0.000000 986.518211
B-1 987.288466 0.770265 5.757223 6.527488 0.000000 986.518202
B-2 987.288474 0.770265 5.757222 6.527487 0.000000 986.518210
B-3 987.288508 0.770265 5.757223 6.527488 0.000000 980.658534
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:07 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 63,391.78
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,803.88
SUBSERVICER ADVANCES THIS MONTH 59,648.88
MASTER SERVICER ADVANCES THIS MONTH 7,348.16
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 5,714,902.32
(B) TWO MONTHLY PAYMENTS: 7 1,033,131.72
(C) THREE OR MORE MONTHLY PAYMENTS: 6 567,216.25
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 767,707.66
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 303,295,720.98
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,705
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 951,068.95
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,923,315.15
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.56425810 % 7.80879400 % 1.62694740 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.44232870 % 7.91229343 % 1.64537790 %
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 8.16796400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.19
POOL TRADING FACTOR: 74.80988371
................................................................................
Run: 08/27/99 08:24:12 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 82,147,469.94 6.750000 % 3,825,504.33
A-2 76110FSE4 75,936,500.00 75,936,500.00 6.750000 % 1,009,849.29
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 1.059219 % 0.00
A-6-2 0.00 0.00 0.862156 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,497,405.29 6.750000 % 9,621.97
M-2 76110FSM6 4,216,900.00 4,165,801.76 6.750000 % 3,207.32
M-3 76110FSN4 4,392,600.00 4,339,372.71 6.750000 % 3,340.96
B-1 76110FSP9 1,757,100.00 1,735,808.36 6.750000 % 1,336.43
B-2 76110FSQ7 1,054,300.00 1,041,524.54 6.750000 % 801.89
B-3 76110FSR5 1,405,623.28 1,388,590.65 6.750000 % 1,069.09
- -------------------------------------------------------------------------------
351,405,323.28 281,692,973.25 4,854,731.28
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 461,952.79 4,287,457.12 0.00 0.00 78,321,965.61
A-2 427,025.66 1,436,874.95 0.00 0.00 74,926,650.71
A-3 98,330.66 98,330.66 0.00 0.00 17,485,800.00
A-4 74,031.13 74,031.13 0.00 0.00 13,164,700.00
A-5 381,214.17 381,214.17 0.00 0.00 67,790,000.00
A-6-1 189,954.63 189,954.63 0.00 0.00 0.00
A-6-2 47,716.12 47,716.12 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 70,278.62 79,900.59 0.00 0.00 12,487,783.32
M-2 23,426.20 26,633.52 0.00 0.00 4,162,594.44
M-3 24,402.28 27,743.24 0.00 0.00 4,336,031.75
B-1 9,761.24 11,097.67 0.00 0.00 1,734,471.93
B-2 5,856.97 6,658.86 0.00 0.00 1,040,722.65
B-3 7,808.68 8,877.77 0.00 0.00 1,387,521.56
- -------------------------------------------------------------------------------
1,821,759.15 6,676,490.43 0.00 0.00 276,838,241.97
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 542.045054 25.242356 3.048167 28.290523 0.000000 516.802698
A-2 1000.000000 13.298602 5.623457 18.922059 0.000000 986.701398
A-3 1000.000000 0.000000 5.623458 5.623458 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623457 5.623457 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623457 5.623457 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-1 987.882512 0.760588 5.555315 6.315903 0.000000 987.121924
M-2 987.882511 0.760587 5.555313 6.315900 0.000000 987.121924
M-3 987.882509 0.760588 5.555316 6.315904 0.000000 987.121921
B-1 987.882511 0.760588 5.555313 6.315901 0.000000 987.121923
B-2 987.882519 0.760590 5.555316 6.315906 0.000000 987.121929
B-3 987.882507 0.760588 5.555315 6.315903 0.000000 987.121924
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:12 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 58,237.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,931.94
SUBSERVICER ADVANCES THIS MONTH 58,922.21
MASTER SERVICER ADVANCES THIS MONTH 684.39
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 42 5,017,460.62
(B) TWO MONTHLY PAYMENTS: 10 1,389,428.61
(C) THREE OR MORE MONTHLY PAYMENTS: 4 395,777.97
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 1,241,679.27
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 276,838,241.97
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,316
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 86,420.89
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,637,850.93
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.06527120 % 7.45584100 % 1.47888800 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.91558830 % 7.58074801 % 1.50366370 %
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 8.09437087
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.29
POOL TRADING FACTOR: 78.78032108
................................................................................
Run: 08/27/99 08:25:07 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 16,055,287.63 6.750000 % 335,513.84
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 8,391,352.23 6.750000 % 644,186.57
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 102,823,783.27 6.750000 % 2,743,043.71
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 52,712,420.98 6.750000 % 1,424,739.88
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 6,926,160.21 6.750000 % 158,204.24
A-P 76110FTE3 57,464.36 53,001.21 0.000000 % 78.00
A-V-1 0.00 0.00 1.010625 % 0.00
A-V-2 0.00 0.00 0.758513 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 12,916,242.77 6.750000 % 10,011.78
M-2 76110FTH6 5,029,000.00 4,967,747.70 6.750000 % 3,850.66
M-3 76110FTJ2 4,224,500.00 4,173,046.36 6.750000 % 3,234.66
B-1 76110FTK9 2,011,600.00 1,987,099.08 6.750000 % 1,540.26
B-2 76110FTL7 1,207,000.00 1,192,298.96 6.750000 % 924.19
B-3 76110FTM5 1,609,449.28 1,589,846.43 6.750000 % 1,232.34
- -------------------------------------------------------------------------------
402,311,611.64 325,516,409.83 5,326,560.13
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 90,246.22 425,760.06 0.00 0.00 15,719,773.79
CB-2 220,977.55 220,977.55 0.00 0.00 39,313,092.00
CB-3 77,647.50 77,647.50 0.00 0.00 13,813,906.00
CB-4 47,167.51 691,354.08 0.00 0.00 7,747,165.66
CB-5 115,229.80 115,229.80 0.00 0.00 20,500,000.00
CB-6 577,968.99 3,321,012.70 0.00 0.00 100,080,739.56
CB-7 159,852.55 159,852.55 0.00 0.00 28,438,625.00
NB-1 296,448.51 1,721,188.39 0.00 0.00 51,287,681.10
NB-2 0.00 0.00 0.00 0.00 0.00
NB-3 54,340.77 54,340.77 0.00 0.00 9,662,500.00
NB-4 38,951.92 197,156.16 0.00 0.00 6,767,955.97
A-P 0.00 78.00 0.00 0.00 52,923.21
A-V-1 212,077.14 212,077.14 0.00 0.00 0.00
A-V-2 46,442.96 46,442.96 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 72,502.87 82,514.65 0.00 0.00 12,906,230.99
M-2 27,885.50 31,736.16 0.00 0.00 4,963,897.04
M-3 23,424.60 26,659.26 0.00 0.00 4,169,811.70
B-1 11,154.20 12,694.46 0.00 0.00 1,985,558.82
B-2 6,692.74 7,616.93 0.00 0.00 1,191,374.77
B-3 8,924.30 10,156.64 0.00 0.00 1,588,614.12
- -------------------------------------------------------------------------------
2,087,935.63 7,414,495.76 0.00 0.00 320,189,849.73
===============================================================================
Run: 08/27/99 08:25:07
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-1 795.825776 16.630693 4.473309 21.104002 0.000000 779.195083
CB-2 1000.000000 0.000000 5.620966 5.620966 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.620966 5.620966 0.000000 1000.000000
CB-4 514.806885 39.520648 2.893712 42.414360 0.000000 475.286237
CB-5 1000.000000 0.000000 5.620966 5.620966 0.000000 1000.000000
CB-6 753.287790 20.095558 4.234205 24.329763 0.000000 733.192231
CB-7 1000.000000 0.000000 5.620966 5.620966 0.000000 1000.000000
NB-1 694.493725 18.771153 3.905752 22.676905 0.000000 675.722572
NB-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-3 1000.000000 0.000000 5.623883 5.623883 0.000000 1000.000000
NB-4 692.616021 15.820424 3.895192 19.715616 0.000000 676.795597
A-P 922.331859 1.357301 0.000000 1.357301 0.000000 920.974558
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-1 987.820180 0.765690 5.544941 6.310631 0.000000 987.054491
M-2 987.820183 0.765691 5.544939 6.310630 0.000000 987.054492
M-3 987.820182 0.765691 5.544940 6.310631 0.000000 987.054492
B-1 987.820183 0.765689 5.544939 6.310628 0.000000 987.054494
B-2 987.820182 0.765692 5.544938 6.310630 0.000000 987.054491
B-3 987.820151 0.765690 5.544940 6.310630 0.000000 987.054477
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:07 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 67,284.63
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,669.50
SUBSERVICER ADVANCES THIS MONTH 42,559.22
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 4,057,468.44
(B) TWO MONTHLY PAYMENTS: 2 325,517.20
(C) THREE OR MORE MONTHLY PAYMENTS: 7 1,345,413.97
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 87,432.75
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 320,189,849.73
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,612
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 5,074,181.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.75751230 % 6.77601400 % 1.46513180 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.62686800 % 6.88339738 % 1.48859670 %
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 8.02921400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 339.09
POOL TRADING FACTOR: 79.58752382
................................................................................
Run: 08/27/99 08:25:08 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 172,668,000.00 129,620,891.50 6.750000 % 2,783,481.16
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 26,674,890.42 6.750000 % 1,050,340.73
NB-2 76110FUD3 77,840,000.00 48,926,937.67 6.750000 % 501,682.50
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 69,564.61 0.000000 % 74.23
A-V 76110FUG6 0.00 0.00 0.941293 % 0.00
R 76110FUH4 100.00 0.00 6.750000 % 0.00
M-1 76110FUJ0 13,245,900.00 13,117,159.96 6.750000 % 10,040.49
M-2 76110FUK5 5,094,600.00 5,045,084.37 6.750000 % 3,861.74
M-3 76110FUM3 4,279,400.00 4,237,807.49 6.750000 % 3,243.82
B-1 76110FUN1 2,037,800.00 2,017,994.15 6.750000 % 1,544.67
B-2 76110FUP6 1,222,600.00 1,210,717.26 6.750000 % 926.74
B-3 76110FUQ4 1,631,527.35 1,615,670.17 6.750000 % 1,236.71
- -------------------------------------------------------------------------------
407,565,332.24 325,986,717.60 4,356,432.79
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 728,928.16 3,512,409.32 0.00 0.00 126,837,410.34
CB-2 199,922.45 199,922.45 0.00 0.00 35,551,000.00
CB-3 248,644.79 248,644.79 0.00 0.00 44,215,000.00
NB-1 150,019.74 1,200,360.47 0.00 0.00 25,624,549.69
NB-2 275,165.37 776,847.87 0.00 0.00 48,425,255.17
NB-3 0.00 0.00 0.00 0.00 0.00
NB-4 76,958.89 76,958.89 0.00 0.00 13,684,000.00
A-P 0.00 74.23 0.00 0.00 69,490.38
A-V 255,647.42 255,647.42 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,764.31 83,804.80 0.00 0.00 13,107,119.47
M-2 28,371.02 32,232.76 0.00 0.00 5,041,222.63
M-3 23,831.30 27,075.12 0.00 0.00 4,234,563.67
B-1 11,348.19 12,892.86 0.00 0.00 2,016,449.48
B-2 6,808.46 7,735.20 0.00 0.00 1,209,790.52
B-3 9,085.71 10,322.42 0.00 0.00 1,614,433.46
- -------------------------------------------------------------------------------
2,088,495.81 6,444,928.60 0.00 0.00 321,630,284.81
===============================================================================
Run: 08/27/99 08:25:08
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-1 750.694347 16.120423 4.221559 20.341982 0.000000 734.573924
CB-2 1000.000000 0.000000 5.623539 5.623539 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.623539 5.623539 0.000000 1000.000000
NB-1 827.333615 32.576786 4.652929 37.229715 0.000000 794.756829
NB-2 628.557781 6.445048 3.535012 9.980060 0.000000 622.112733
NB-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-4 1000.000000 0.000000 5.624005 5.624005 0.000000 1000.000000
A-P 947.683594 1.011190 0.000000 1.011190 0.000000 946.672405
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 990.280763 0.758007 5.568841 6.326848 0.000000 989.522756
M-2 990.280762 0.758007 5.568842 6.326849 0.000000 989.522756
M-3 990.280761 0.758008 5.568841 6.326849 0.000000 989.522753
B-1 990.280768 0.758009 5.568844 6.326853 0.000000 989.522760
B-2 990.280762 0.758008 5.568837 6.326845 0.000000 989.522755
B-3 990.280776 0.758008 5.568837 6.326845 0.000000 989.522771
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:08 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 67,450.26
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,350.18
SUBSERVICER ADVANCES THIS MONTH 50,236.69
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 5,055,524.33
(B) TWO MONTHLY PAYMENTS: 7 612,390.06
(C) THREE OR MORE MONTHLY PAYMENTS: 1 82,639.39
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 1,086,314.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 321,630,284.81
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,450
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 4,107,006.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.64068750 % 6.87146200 % 1.48606720 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.53392460 % 6.95920342 % 1.50536800 %
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 8.01991900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.52
POOL TRADING FACTOR: 78.91502524
................................................................................
Run: 08/27/99 08:25:08 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 124,454,000.00 105,171,743.37 6.500000 % 956,901.20
NB 76110FTP8 41,430,000.00 30,945,584.22 6.500000 % 645,778.59
A-P 76110FTQ6 63,383.01 60,282.73 0.000000 % 258.33
A-V 76110FTV5 0.00 0.00 0.932793 % 0.00
R 76110FTR4 100.00 0.00 6.500000 % 0.00
M-1 76110FTS2 4,507,000.00 4,319,050.89 6.500000 % 15,397.16
M-2 76110FTT0 780,000.00 747,472.75 6.500000 % 2,664.70
M-3 76110FTU7 693,500.00 664,579.93 6.500000 % 2,369.19
B-1 76110FTW3 520,000.00 498,315.18 6.500000 % 1,776.46
B-2 76110FTX1 433,500.00 415,422.35 6.500000 % 1,480.96
B-3 76110FTY9 433,464.63 415,388.48 6.500000 % 1,480.83
- -------------------------------------------------------------------------------
173,314,947.64 143,237,839.90 1,628,107.42
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 569,170.89 1,526,072.09 0.00 0.00 104,214,842.17
NB 167,472.03 813,250.62 0.00 0.00 30,299,805.63
A-P 0.00 258.33 0.00 0.00 60,024.40
A-V 111,243.13 111,243.13 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 23,373.94 38,771.10 0.00 0.00 4,303,653.73
M-2 4,045.19 6,709.89 0.00 0.00 744,808.05
M-3 3,596.59 5,965.78 0.00 0.00 662,210.74
B-1 2,696.80 4,473.26 0.00 0.00 496,538.72
B-2 2,248.19 3,729.15 0.00 0.00 413,941.39
B-3 2,248.01 3,728.84 0.00 0.00 413,907.65
- -------------------------------------------------------------------------------
886,094.77 2,514,202.19 0.00 0.00 141,609,732.48
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 845.065192 7.688794 4.573343 12.262137 0.000000 837.376397
NB 746.936621 15.587222 4.042289 19.629511 0.000000 731.349400
A-P 951.086577 4.075642 0.000000 4.075642 0.000000 947.010935
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-1 958.298400 3.416277 5.186142 8.602419 0.000000 954.882123
M-2 958.298397 3.416282 5.186141 8.602423 0.000000 954.882115
M-3 958.298385 3.416280 5.186143 8.602423 0.000000 954.882105
B-1 958.298423 3.416269 5.186154 8.602423 0.000000 954.882154
B-2 958.298385 3.416286 5.186136 8.602422 0.000000 954.882099
B-3 958.298443 3.416265 5.186144 8.602409 0.000000 954.882170
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:09 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 29,651.63
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,481.17
SUBSERVICER ADVANCES THIS MONTH 13,792.62
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 13 966,163.23
(B) TWO MONTHLY PAYMENTS: 1 461,271.56
(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 141,609,732.48
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,531
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 1,117,455.47
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.06889930 % 4.00111000 % 0.92791540 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.02997190 % 4.03268364 % 0.93563440 %
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 7.76011600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 159.86
POOL TRADING FACTOR: 81.70658931
................................................................................
Run: 08/27/99 08:24:15 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 18,228,159.70 6.750000 % 313,893.04
A-2 76110FUS0 29,011,000.00 5,048,978.40 6.750000 % 1,110,704.24
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 16,039,861.27 6.750000 % 12,092.65
A-11 76110FVB6 10,998.00 10,670.25 0.000000 % 11.18
A-12 76110FVC4 0.00 0.00 1.020244 % 0.00
R 76110FVD2 100.00 0.00 6.750000 % 0.00
M-1 76110FVE0 4,827,000.00 4,783,418.42 6.750000 % 3,606.28
M-2 76110FVF7 2,011,300.00 1,993,140.54 6.750000 % 1,502.65
M-3 76110FVG5 2,011,300.00 1,993,140.54 6.750000 % 1,502.65
B-1 76110FVH3 884,900.00 876,910.50 6.750000 % 661.11
B-2 76110FVJ9 482,700.00 478,341.84 6.750000 % 360.63
B-3 76110FVK6 643,577.01 637,766.29 6.750000 % 480.83
- -------------------------------------------------------------------------------
160,885,875.01 129,907,387.75 1,444,815.26
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 102,506.16 416,399.20 0.00 0.00 17,914,266.66
A-2 28,392.95 1,139,097.19 0.00 0.00 3,938,274.16
A-3 69,922.67 69,922.67 0.00 0.00 12,434,000.00
A-4 97,871.49 97,871.49 0.00 0.00 17,404,000.00
A-5 44,037.68 44,037.68 0.00 0.00 7,831,000.00
A-6 77,902.43 77,902.43 0.00 0.00 13,853,000.00
A-7 83,711.50 83,711.50 0.00 0.00 14,886,000.00
A-8 47,288.06 47,288.06 0.00 0.00 8,409,000.00
A-9 28,117.53 28,117.53 0.00 0.00 5,000,000.00
A-10 90,200.25 102,292.90 0.00 0.00 16,027,768.62
A-11 0.00 11.18 0.00 0.00 10,659.07
A-12 110,418.41 110,418.41 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 26,899.58 30,505.86 0.00 0.00 4,779,812.14
M-2 11,208.44 12,711.09 0.00 0.00 1,991,637.89
M-3 11,208.44 12,711.09 0.00 0.00 1,991,637.89
B-1 4,931.31 5,592.42 0.00 0.00 876,249.39
B-2 2,689.96 3,050.59 0.00 0.00 477,981.21
B-3 3,586.49 4,067.32 0.00 0.00 637,285.46
- -------------------------------------------------------------------------------
840,893.35 2,285,708.61 0.00 0.00 128,462,572.49
===============================================================================
Run: 08/27/99 08:24:15
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-1 729.126388 12.555722 4.100246 16.655968 0.000000 716.570666
A-2 174.036690 38.285624 0.978696 39.264320 0.000000 135.751066
A-3 1000.000000 0.000000 5.623506 5.623506 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623506 5.623506 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623507 5.623507 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623506 5.623506 0.000000 1000.000000
A-7 1000.000000 0.000000 5.623505 5.623505 0.000000 1000.000000
A-8 1000.000000 0.000000 5.623506 5.623506 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623506 5.623506 0.000000 1000.000000
A-10 990.971288 0.747106 5.572733 6.319839 0.000000 990.224183
A-11 970.199127 1.016548 0.000000 1.016548 0.000000 969.182579
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-1 990.971291 0.747106 5.572733 6.319839 0.000000 990.224185
M-2 990.971282 0.747104 5.572734 6.319838 0.000000 990.224178
M-3 990.971282 0.747104 5.572734 6.319838 0.000000 990.224178
B-1 990.971296 0.747101 5.572731 6.319832 0.000000 990.224195
B-2 990.971287 0.747110 5.572737 6.319847 0.000000 990.224177
B-3 990.971213 0.747106 5.572744 6.319850 0.000000 990.224091
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:15 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 26,915.39
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,355.05
SUBSERVICER ADVANCES THIS MONTH 22,522.16
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 15 2,349,523.76
(B) TWO MONTHLY PAYMENTS: 3 573,118.36
(C) THREE OR MORE MONTHLY PAYMENTS: 1 212,339.85
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 128,462,572.49
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 996
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 1,346,873.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.71440330 % 6.75128600 % 1.53431020 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.62752530 % 6.82151054 % 1.55039810 %
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 8.09738926
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.46
POOL TRADING FACTOR: 79.84701732
................................................................................
Run: 08/27/99 08:24:16 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 30,734,957.46 6.750000 % 3,032,145.90
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 5.963750 % 0.00
A-9 76110FVU4 3,469,000.00 3,469,000.00 9.108300 % 0.00
A-10 76110FVU2 7,590,000.00 7,195,284.20 6.750000 % 66,101.10
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 77,012.80 0.000000 % 70.90
A-14 76110FVZ3 0.00 0.00 0.936513 % 0.00
R 76110FWA7 100.00 0.00 6.750000 % 0.00
M-1 76110FWB5 11,770,000.00 11,662,498.04 6.750000 % 18,002.82
M-2 76110FWC3 5,349,900.00 5,301,036.40 6.750000 % 8,182.95
M-3 76110FWD1 5,349,900.00 5,301,036.40 6.750000 % 8,182.95
B-1 76110FWE9 2,354,000.00 2,332,499.62 6.750000 % 3,600.56
B-2 76110FWF6 1,284,000.00 1,272,272.50 6.750000 % 1,963.94
B-3 76110FWG4 1,712,259.01 1,696,619.95 6.750000 % 2,619.00
- -------------------------------------------------------------------------------
427,987,988.79 359,073,217.37 3,140,870.12
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 172,843.08 3,204,988.98 0.00 0.00 27,702,811.56
A-2 241,817.56 241,817.56 0.00 0.00 43,000,000.00
A-3 337,419.85 337,419.85 0.00 0.00 60,000,000.00
A-4 151,838.93 151,838.93 0.00 0.00 27,000,000.00
A-5 295,242.37 295,242.37 0.00 0.00 52,500,000.00
A-6 205,263.74 205,263.74 0.00 0.00 36,500,000.00
A-7 140,591.60 140,591.60 0.00 0.00 25,000,000.00
A-8 51,698.40 51,698.40 0.00 0.00 10,405,000.00
A-9 26,324.33 26,324.33 0.00 0.00 3,469,000.00
A-10 40,463.86 106,564.96 0.00 0.00 7,129,183.10
A-11 42,177.48 42,177.48 0.00 0.00 7,500,000.00
A-12 158,171.18 158,171.18 0.00 0.00 28,126,000.00
A-13 0.00 70.90 0.00 0.00 76,941.90
A-14 280,164.20 280,164.20 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,585.97 83,588.79 0.00 0.00 11,644,495.22
M-2 29,811.25 37,994.20 0.00 0.00 5,292,853.45
M-3 29,811.25 37,994.20 0.00 0.00 5,292,853.45
B-1 13,117.19 16,717.75 0.00 0.00 2,328,899.06
B-2 7,154.83 9,118.77 0.00 0.00 1,270,308.56
B-3 9,541.22 12,160.22 0.00 0.00 1,694,000.95
- -------------------------------------------------------------------------------
2,299,038.29 5,439,908.41 0.00 0.00 355,932,347.25
===============================================================================
Run: 08/27/99 08:24:16
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-1 310.454116 30.627736 1.745890 32.373626 0.000000 279.826379
A-2 1000.000000 0.000000 5.623664 5.623664 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623664 5.623664 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623664 5.623664 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623664 5.623664 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623664 5.623664 0.000000 1000.000000
A-7 1000.000000 0.000000 5.623664 5.623664 0.000000 1000.000000
A-8 1000.000000 0.000000 4.968611 4.968611 0.000000 1000.000000
A-9 1000.000000 0.000000 7.588449 7.588449 0.000000 1000.000000
A-10 947.995283 8.708972 5.331207 14.040179 0.000000 939.286311
A-11 1000.000000 0.000000 5.623664 5.623664 0.000000 1000.000000
A-12 1000.000000 0.000000 5.623664 5.623664 0.000000 1000.000000
A-13 989.502990 0.910962 0.000000 0.910962 0.000000 988.592027
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-1 990.866444 1.529551 5.572300 7.101851 0.000000 989.336892
M-2 990.866446 1.529552 5.572300 7.101852 0.000000 989.336894
M-3 990.866446 1.529552 5.572300 7.101852 0.000000 989.336894
B-1 990.866449 1.529550 5.572298 7.101848 0.000000 989.336899
B-2 990.866433 1.529548 5.572298 7.101846 0.000000 989.336885
B-3 990.866417 1.529552 5.572299 7.101851 0.000000 989.336859
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:16 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 74,372.30
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,992.74
SUBSERVICER ADVANCES THIS MONTH 55,841.94
MASTER SERVICER ADVANCES THIS MONTH 1,106.44
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 5,636,817.58
(B) TWO MONTHLY PAYMENTS: 8 1,067,207.08
(C) THREE OR MORE MONTHLY PAYMENTS: 6 755,368.53
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 202,794.58
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 355,932,347.25
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,754
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 142,813.81
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,586,635.32
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 277,987.70
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.32137760 % 6.20189600 % 1.47672650 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.26556340 % 6.24562569 % 1.48746050 %
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 8.01247650
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.87
POOL TRADING FACTOR: 83.16409726
................................................................................
Run: 08/27/99 08:24:19 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 46,396,961.07 6.750000 % 3,987,644.67
A-2 76110FWJ8 47,967,000.00 47,967,000.00 6.750000 % 0.00
A-3 76110FWK5 67,521,000.00 67,521,000.00 6.750000 % 0.00
A-4 76110FWL3 30,346,000.00 30,346,000.00 6.750000 % 0.00
A-5 76110FWM1 45,610,000.00 45,610,000.00 6.750000 % 0.00
A-6 76110FWN9 28,628,000.00 28,628,000.00 6.750000 % 0.00
A-7 76110FWP4 16,219,000.00 16,219,000.00 6.020000 % 0.00
A-8 76110FWQ2 5,046,000.00 5,046,000.00 9.096876 % 0.00
A-9 76110FWR0 96,429,000.00 96,429,000.00 6.750000 % 0.00
A-10 76110FWS8 62,872.89 62,032.94 0.000000 % 95.26
A-11 76110FWT6 0.00 0.00 0.885441 % 0.00
R 76110FWU3 100.00 0.00 6.750000 % 0.00
M-1 76110FWV1 13,198,800.00 13,087,000.04 6.750000 % 10,075.96
M-2 76110FWW9 6,000,000.00 5,949,177.21 6.750000 % 4,580.40
M-3 76110FWX7 4,799,500.00 4,758,846.01 6.750000 % 3,663.94
B-1 76110FWY5 2,639,600.00 2,617,241.37 6.750000 % 2,015.07
B-2 76110FWZ2 1,439,500.00 1,427,306.76 6.750000 % 1,098.91
B-3 76110FXA6 1,919,815.88 1,903,554.17 6.750000 % 1,465.59
- -------------------------------------------------------------------------------
479,943,188.77 413,968,119.57 4,010,639.80
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 260,920.55 4,248,565.22 0.00 0.00 42,409,316.40
A-2 269,749.91 269,749.91 0.00 0.00 47,967,000.00
A-3 379,714.88 379,714.88 0.00 0.00 67,521,000.00
A-4 170,655.46 170,655.46 0.00 0.00 30,346,000.00
A-5 256,494.95 256,494.95 0.00 0.00 45,610,000.00
A-6 160,994.02 160,994.02 0.00 0.00 28,628,000.00
A-7 81,345.88 81,345.88 0.00 0.00 16,219,000.00
A-8 38,243.22 38,243.22 0.00 0.00 5,046,000.00
A-9 542,283.53 542,283.53 0.00 0.00 96,429,000.00
A-10 0.00 95.26 0.00 0.00 61,937.68
A-11 305,380.64 305,380.64 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,596.79 83,672.75 0.00 0.00 13,076,924.08
M-2 33,456.12 38,036.52 0.00 0.00 5,944,596.81
M-3 26,762.11 30,426.05 0.00 0.00 4,755,182.07
B-1 14,718.46 16,733.53 0.00 0.00 2,615,226.30
B-2 8,026.68 9,125.59 0.00 0.00 1,426,207.85
B-3 10,704.93 12,170.52 0.00 0.00 1,902,088.58
- -------------------------------------------------------------------------------
2,633,048.13 6,643,687.93 0.00 0.00 409,957,479.77
===============================================================================
Run: 08/27/99 08:24:19
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-1 413.826280 35.566816 2.327217 37.894033 0.000000 378.259465
A-2 1000.000000 0.000000 5.623656 5.623656 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623656 5.623656 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623656 5.623656 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623656 5.623656 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623656 5.623656 0.000000 1000.000000
A-7 1000.000000 0.000000 5.015468 5.015468 0.000000 1000.000000
A-8 1000.000000 0.000000 7.578918 7.578918 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623656 5.623656 0.000000 1000.000000
A-10 986.640506 1.515120 0.000000 1.515120 0.000000 985.125386
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-1 991.529536 0.763400 5.576021 6.339421 0.000000 990.766136
M-2 991.529535 0.763400 5.576020 6.339420 0.000000 990.766135
M-3 991.529536 0.763400 5.576020 6.339420 0.000000 990.766136
B-1 991.529539 0.763400 5.576019 6.339419 0.000000 990.766139
B-2 991.529531 0.763397 5.576019 6.339416 0.000000 990.766134
B-3 991.529547 0.763401 5.576019 6.339420 0.000000 990.766146
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:20 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 85,831.05
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 16,983.32
SUBSERVICER ADVANCES THIS MONTH 46,825.94
MASTER SERVICER ADVANCES THIS MONTH 1,800.55
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 4,492,286.76
(B) TWO MONTHLY PAYMENTS: 12 1,378,206.24
(C) THREE OR MORE MONTHLY PAYMENTS: 4 461,283.63
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 213,044.49
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 409,957,479.77
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,147
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 237,220.20
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,691,907.00
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.81404010 % 5.74889400 % 1.43706570 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.74931720 % 5.79979733 % 1.45000910 %
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 7.96220019
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.64
POOL TRADING FACTOR: 85.41791807
................................................................................
Run: 08/27/99 08:25:10 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 188,037,444.00 168,458,260.72 7.000000 % 2,619,003.65
CB-2 76110FXP8 6,964,350.00 6,239,195.03 0.000000 % 97,000.14
NB-1 76110FXQ1 25,499,800.00 17,610,341.49 6.750000 % 467,472.43
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 11,129,670.08 6.400000 % 244,075.60
NB-8 76110FXX6 20,899,000.00 16,373,739.42 6.100000 % 268,127.52
NB-9 76110FXY4 0.00 0.00 0.650000 % 0.00
A-P 76110FXZ1 58,061.92 56,974.06 0.000000 % 55.53
A-V 76110FYA5 0.00 0.00 0.838859 % 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 8,739,444.94 6.750000 % 6,625.91
M-2 76110FYE7 4,001,000.00 3,972,339.58 6.750000 % 3,011.68
M-3 76110FYF4 3,201,000.00 3,178,070.22 6.750000 % 2,409.49
B-1 76110FYG2 1,760,300.00 1,747,690.42 6.750000 % 1,325.03
B-2 76110FYH0 960,000.00 953,123.21 6.750000 % 722.62
B-3 76110FYJ6 1,280,602.22 1,271,428.92 6.750000 % 963.94
- -------------------------------------------------------------------------------
320,086,417.14 283,103,437.09 3,710,793.54
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 982,368.95 3,601,372.60 0.00 0.00 165,839,257.07
CB-2 0.00 97,000.14 0.00 0.00 6,142,194.89
NB-1 99,041.00 566,513.43 0.00 0.00 17,142,869.06
NB-2 41,747.14 41,747.14 0.00 0.00 7,423,000.00
NB-3 120,523.75 120,523.75 0.00 0.00 21,430,159.00
NB-4 22,608.58 22,608.58 0.00 0.00 4,020,000.00
NB-5 59,052.27 59,052.27 0.00 0.00 10,500,000.00
NB-6 3,245.59 3,245.59 0.00 0.00 0.00
NB-7 59,347.95 303,423.55 0.00 0.00 10,885,594.48
NB-8 83,218.76 351,346.28 0.00 0.00 16,105,611.90
NB-9 8,867.57 8,867.57 0.00 0.00 0.00
A-P 0.00 55.53 0.00 0.00 56,918.53
A-V 197,851.14 197,851.14 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 49,144.79 55,770.70 0.00 0.00 8,732,819.03
M-2 22,337.78 25,349.46 0.00 0.00 3,969,327.90
M-3 17,871.33 20,280.82 0.00 0.00 3,175,660.73
B-1 9,827.84 11,152.87 0.00 0.00 1,746,365.39
B-2 5,359.73 6,082.35 0.00 0.00 952,400.59
B-3 7,149.67 8,113.61 0.00 0.00 1,270,464.96
- -------------------------------------------------------------------------------
1,789,563.84 5,500,357.38 0.00 0.00 279,392,643.53
===============================================================================
Run: 08/27/99 08:25:10
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-1 895.876146 13.928096 5.224326 19.152422 0.000000 881.948050
CB-2 895.876145 13.928097 0.000000 13.928097 0.000000 881.948048
NB-1 690.607044 18.332396 3.883991 22.216387 0.000000 672.274648
NB-2 1000.000000 0.000000 5.624025 5.624025 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624025 5.624025 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.624025 5.624025 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.624026 5.624026 0.000000 1000.000000
NB-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-7 729.862291 16.006007 3.891924 19.897931 0.000000 713.856284
NB-8 783.469995 12.829682 3.981949 16.811631 0.000000 770.640313
NB-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-P 981.263796 0.956477 0.000000 0.956477 0.000000 980.307318
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-1 992.836687 0.752730 5.583049 6.335779 0.000000 992.083957
M-2 992.836686 0.752732 5.583049 6.335781 0.000000 992.083954
M-3 992.836682 0.752730 5.583046 6.335776 0.000000 992.083952
B-1 992.836687 0.752730 5.583048 6.335778 0.000000 992.083957
B-2 992.836677 0.752729 5.583052 6.335781 0.000000 992.083948
B-3 992.836730 0.752724 5.583053 6.335777 0.000000 992.083992
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:10 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 58,585.92
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,964.67
SUBSERVICER ADVANCES THIS MONTH 52,957.90
MASTER SERVICER ADVANCES THIS MONTH 974.99
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 4,153,521.15
(B) TWO MONTHLY PAYMENTS: 6 872,464.35
(C) THREE OR MORE MONTHLY PAYMENTS: 8 1,182,037.68
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,088,892.18
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 279,392,643.53
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,986
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 126,010.75
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,496,200.15
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.96403050 % 5.61273800 % 1.40310640 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.89491570 % 5.68297270 % 1.42095360 %
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 7.91296800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 344.63
POOL TRADING FACTOR: 87.28662904
................................................................................
Run: 08/27/99 08:25:11 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-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 112,514,000.00 102,891,502.85 6.500000 % 743,073.91
NB 37,758,000.00 31,428,727.46 6.500000 % 146,341.44
A-P 53,454.22 51,462.39 0.000000 % 205.16
A-V 0.00 0.00 0.845774 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 4,083,000.00 3,951,546.46 6.500000 % 13,829.39
M-2 706,500.00 683,754.00 6.500000 % 2,392.96
M-3 628,000.00 607,781.34 6.500000 % 2,127.08
B-1 471,000.00 455,836.01 6.500000 % 1,595.31
B-2 314,000.00 303,890.67 6.500000 % 1,063.54
B-3 471,221.05 456,049.92 6.500000 % 1,596.05
- -------------------------------------------------------------------------------
156,999,275.27 140,830,551.10 912,224.84
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 556,615.20 1,299,689.11 0.00 0.00 102,148,428.94
NB 170,020.92 316,362.36 0.00 0.00 31,282,386.02
A-P 0.00 205.16 0.00 0.00 51,257.23
A-V 99,131.90 99,131.90 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 21,376.80 35,206.19 0.00 0.00 3,937,717.07
M-2 3,698.93 6,091.89 0.00 0.00 681,361.04
M-3 3,287.93 5,415.01 0.00 0.00 605,654.26
B-1 2,465.95 4,061.26 0.00 0.00 454,240.70
B-2 1,643.96 2,707.50 0.00 0.00 302,827.13
B-3 2,467.11 4,063.16 0.00 0.00 454,453.87
- -------------------------------------------------------------------------------
860,708.70 1,772,933.54 0.00 0.00 139,918,326.26
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 914.477335 6.604280 4.947075 11.551355 0.000000 907.873055
NB 832.372675 3.875773 4.502911 8.378684 0.000000 828.496902
A-P 962.737647 3.838100 0.000000 3.838100 0.000000 958.899548
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-1 967.804668 3.387066 5.235562 8.622628 0.000000 964.417602
M-2 967.804671 3.387063 5.235570 8.622633 0.000000 964.417608
M-3 967.804682 3.387070 5.235557 8.622627 0.000000 964.417612
B-1 967.804692 3.387070 5.235563 8.622633 0.000000 964.417622
B-2 967.804682 3.387070 5.235541 8.622611 0.000000 964.417612
B-3 967.804643 3.387052 5.235568 8.622620 0.000000 964.417597
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:11 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS13 (POOL # 4322)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4322
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 29,262.39
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,159.79
SUBSERVICER ADVANCES THIS MONTH 21,433.66
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 18 1,914,865.59
(B) TWO MONTHLY PAYMENTS: 1 70,221.87
(C) THREE OR MORE MONTHLY PAYMENTS: 1 81,658.86
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 214,982.27
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 139,918,326.26
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,340
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 419,341.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.41206120 % 3.72297200 % 0.86329040 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.39830630 % 3.73413012 % 0.86619510 %
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 7.67210500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 163.23
POOL TRADING FACTOR: 89.12036442
................................................................................
Run: 08/27/99 08:24:26 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 72,615,186.36 6.500000 % 1,920,787.29
A-3 76110FYM9 46,000,000.00 34,093,375.99 6.250000 % 901,824.14
A-4 76110FYN7 37,995,000.00 28,160,387.37 8.000000 % 744,887.14
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 90,701.52 0.000000 % 103.71
A-V 76110FYS6 0.00 0.00 0.819806 % 0.00
R 76110FYT4 100.00 0.00 6.750000 % 0.00
M-1 76110FYU1 12,410,000.00 12,313,963.86 6.750000 % 9,423.58
M-2 76110FYV9 5,563,000.00 5,519,950.13 6.750000 % 4,224.29
M-3 76110FYW7 4,279,000.00 4,245,886.49 6.750000 % 3,249.28
B-1 76110FYX5 2,567,500.00 2,547,631.13 6.750000 % 1,949.64
B-2 76110FYY3 1,283,800.00 1,273,865.18 6.750000 % 974.86
B-3 76110FYZ0 1,711,695.86 1,698,449.66 6.750000 % 1,299.77
- -------------------------------------------------------------------------------
427,918,417.16 380,597,397.69 3,588,723.70
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 586,071.52 586,071.52 0.00 0.00 104,208,000.00
A-2 393,266.18 2,314,053.47 0.00 0.00 70,694,399.07
A-3 177,539.84 1,079,363.98 0.00 0.00 33,191,551.85
A-4 187,704.38 932,591.52 0.00 0.00 27,415,500.23
A-5 144,870.04 144,870.04 0.00 0.00 25,759,000.00
A-6 495,316.15 495,316.15 0.00 0.00 88,071,000.00
A-P 0.00 103.71 0.00 0.00 90,597.81
A-V 259,969.51 259,969.51 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 69,254.41 78,677.99 0.00 0.00 12,304,540.28
M-2 31,044.50 35,268.79 0.00 0.00 5,515,725.84
M-3 23,879.10 27,128.38 0.00 0.00 4,242,637.21
B-1 14,328.02 16,277.66 0.00 0.00 2,545,681.49
B-2 7,164.29 8,139.15 0.00 0.00 1,272,890.32
B-3 9,552.17 10,851.94 0.00 0.00 1,697,149.89
- -------------------------------------------------------------------------------
2,399,960.11 5,988,683.81 0.00 0.00 377,008,673.99
===============================================================================
_______________________________________________________________________________
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 5.624055 5.624055 0.000000 1000.000000
A-2 741.160361 19.604872 4.013944 23.618816 0.000000 721.555489
A-3 741.160348 19.604873 3.859562 23.464435 0.000000 721.555475
A-4 741.160347 19.604873 4.940239 24.545112 0.000000 721.555474
A-5 1000.000000 0.000000 5.624055 5.624055 0.000000 1000.000000
A-6 1000.000000 0.000000 5.624055 5.624055 0.000000 1000.000000
A-P 951.534652 1.088004 0.000000 1.088004 0.000000 950.446647
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-1 992.261391 0.759354 5.580533 6.339887 0.000000 991.502037
M-2 992.261393 0.759355 5.580532 6.339887 0.000000 991.502039
M-3 992.261391 0.759355 5.580533 6.339888 0.000000 991.502036
B-1 992.261394 0.759353 5.580534 6.339887 0.000000 991.502041
B-2 992.261396 0.759355 5.580534 6.339889 0.000000 991.502041
B-3 992.261359 0.759352 5.580530 6.339882 0.000000 991.502015
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:26 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 78,926.14
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 14,545.13
SUBSERVICER ADVANCES THIS MONTH 36,427.39
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 3,156,407.06
(B) TWO MONTHLY PAYMENTS: 5 808,645.11
(C) THREE OR MORE MONTHLY PAYMENTS: 6 1,020,226.22
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 151,110.73
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 377,008,674.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,920
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 3,297,446.67
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.74658060 % 5.80273600 % 1.45068300 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.68312490 % 5.85209436 % 1.46337420 %
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 7.89667697
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.15
POOL TRADING FACTOR: 88.10293245
................................................................................
Run: 08/27/99 08:25:11 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-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 250,018,000.00 230,670,275.58 6.500000 % 2,866,370.96
NB 150,029,000.00 133,455,090.58 6.500000 % 3,397,438.37
A-V 0.00 0.00 1.017452 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 14,626,000.00 14,540,146.37 6.500000 % 11,181.72
M-2 5,377,000.00 5,345,437.37 6.500000 % 4,110.77
M-3 4,517,000.00 4,490,485.52 6.500000 % 3,453.29
B-1 2,581,000.00 2,565,849.69 6.500000 % 1,973.20
B-2 1,290,500.00 1,282,924.85 6.500000 % 986.60
B-3 1,720,903.67 1,710,802.09 6.500000 % 1,315.65
- -------------------------------------------------------------------------------
430,159,503.67 394,061,012.05 6,286,830.56
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 1,248,578.91 4,114,949.87 0.00 0.00 227,803,904.62
NB 722,762.13 4,120,200.50 0.00 0.00 130,057,652.21
A-V 333,945.19 333,945.19 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 78,712.64 89,894.36 0.00 0.00 14,528,964.65
M-2 28,937.36 33,048.13 0.00 0.00 5,341,326.60
M-3 24,309.10 27,762.39 0.00 0.00 4,487,032.23
B-1 13,890.15 15,863.35 0.00 0.00 2,563,876.49
B-2 6,945.08 7,931.68 0.00 0.00 1,281,938.25
B-3 9,261.37 10,577.02 0.00 0.00 1,709,486.45
- -------------------------------------------------------------------------------
2,467,341.93 8,754,172.49 0.00 0.00 387,774,181.50
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 922.614674 11.464658 4.993956 16.458614 0.000000 911.150016
NB 889.528628 22.645211 4.817483 27.462694 0.000000 866.883417
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-1 994.130068 0.764510 5.381693 6.146203 0.000000 993.365558
M-2 994.130067 0.764510 5.381692 6.146202 0.000000 993.365557
M-3 994.130069 0.764510 5.381691 6.146201 0.000000 993.365559
B-1 994.130062 0.764510 5.381693 6.146203 0.000000 993.365552
B-2 994.130066 0.764510 5.381697 6.146207 0.000000 993.365556
B-3 994.130072 0.764511 5.381690 6.146201 0.000000 993.365567
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:11 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS15 (POOL # 4336)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4336
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 81,578.83
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,802.25
SUBSERVICER ADVANCES THIS MONTH 35,620.90
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 2,811,227.35
(B) TWO MONTHLY PAYMENTS: 2 544,367.13
(C) THREE OR MORE MONTHLY PAYMENTS: 5 683,717.41
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 918,776.82
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 387,774,181.50
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,814
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,983,867.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.40329670 % 6.18586200 % 1.41084160 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.28607110 % 6.28131646 % 1.43261240 %
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 7.81207800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.17
POOL TRADING FACTOR: 90.14660334
................................................................................
Run: 08/27/99 08:24:26 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 109,739,000.00 101,530,517.45 6.500000 % 1,024,504.12
A-P 76110FZB2 32,286.88 31,080.15 0.000000 % 116.53
A-V 76110FZC0 0.00 0.00 0.754090 % 0.00
R 76110FZD8 100.00 0.00 6.500000 % 0.00
M-1 76110FZE6 3,276,000.00 3,192,278.58 6.500000 % 10,853.67
M-2 76110FZF3 517,300.00 504,079.88 6.500000 % 1,713.86
M-3 76110FZG1 459,700.00 447,951.91 6.500000 % 1,523.03
B-1 76110FZH9 344,800.00 335,988.28 6.500000 % 1,142.35
B-2 76110FZJ5 229,800.00 223,927.22 6.500000 % 761.35
B-3 76110FZK2 344,884.43 336,070.60 6.500000 % 1,142.62
- -------------------------------------------------------------------------------
114,943,871.31 106,601,894.07 1,041,757.53
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 549,507.74 1,574,011.86 0.00 0.00 100,506,013.33
A-P 0.00 116.53 0.00 0.00 30,963.62
A-V 66,934.79 66,934.79 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,277.39 28,131.06 0.00 0.00 3,181,424.91
M-2 2,728.20 4,442.06 0.00 0.00 502,366.02
M-3 2,424.43 3,947.46 0.00 0.00 446,428.88
B-1 1,818.45 2,960.80 0.00 0.00 334,845.93
B-2 1,211.95 1,973.30 0.00 0.00 223,165.87
B-3 1,818.89 2,961.51 0.00 0.00 334,927.98
- -------------------------------------------------------------------------------
643,721.84 1,685,479.37 0.00 0.00 105,560,136.54
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 925.199951 9.335825 5.007406 14.343231 0.000000 915.864126
A-P 962.624757 3.609206 0.000000 3.609206 0.000000 959.015551
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-1 974.444011 3.313086 5.273929 8.587015 0.000000 971.130925
M-2 974.443998 3.313087 5.273922 8.587009 0.000000 971.130911
M-3 974.444007 3.313095 5.273940 8.587035 0.000000 971.130912
B-1 974.443968 3.313080 5.273927 8.587007 0.000000 971.130888
B-2 974.443951 3.313098 5.273934 8.587032 0.000000 971.130853
B-3 974.444106 3.313081 5.273912 8.586993 0.000000 971.131054
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:26 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 22,161.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,650.00
SUBSERVICER ADVANCES THIS MONTH 13,797.02
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 12 1,197,281.40
(B) TWO MONTHLY PAYMENTS: 1 292,591.14
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 105,560,136.54
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,143
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 679,308.54
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.27047200 % 3.88878600 % 0.84074250 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.24002750 % 3.91267001 % 0.84615440 %
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 7.58087138
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 165.93
POOL TRADING FACTOR: 91.83624611
................................................................................
Run: 08/27/99 08:25:12 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 7,947,050.38 6.500000 % 290,973.02
A-2 76110FZY2 100,000,000.00 87,420,702.47 6.500000 % 879,241.05
A-3 76110FZZ9 33,937,000.00 30,202,746.28 6.500000 % 261,008.94
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 200,070,000.00 185,841,236.76 6.500000 % 1,829,670.54
NB-1 76110FA78 73,215,000.00 67,175,236.32 6.500000 % 1,202,835.23
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 59,798.50 0.000000 % 65.25
A-V 76110FB77 0.00 0.00 0.965515 % 0.00
R 76110FB85 100.00 0.00 6.500000 % 0.00
M-1 76110FB93 19,207,000.00 19,098,965.75 6.500000 % 14,739.69
M-2 76110FC27 7,062,000.00 7,022,278.12 6.500000 % 5,419.47
M-3 76110FC35 5,932,000.00 5,898,634.10 6.500000 % 4,552.29
B-1 76110FC43 3,389,000.00 3,369,937.77 6.500000 % 2,600.76
B-2 76110FC50 1,694,000.00 1,684,471.70 6.500000 % 1,300.00
B-3 76110FC68 2,259,938.31 2,247,349.21 6.500000 % 1,734.40
- -------------------------------------------------------------------------------
564,904,279.15 523,936,407.36 4,494,140.64
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 43,036.31 334,009.33 0.00 0.00 7,656,077.36
A-2 473,416.51 1,352,657.56 0.00 0.00 86,541,461.42
A-3 163,559.41 424,568.35 0.00 0.00 29,941,737.34
A-4 135,384.56 135,384.56 0.00 0.00 25,000,000.00
A-5 77,553.68 77,553.68 0.00 0.00 14,321,000.00
A-6 3,915.32 3,915.32 0.00 0.00 723,000.00
A-7 81,230.73 81,230.73 0.00 0.00 15,000,000.00
A-8 129,969.17 129,969.17 0.00 0.00 24,000,000.00
CB 1,006,357.65 2,836,028.19 0.00 0.00 184,011,566.22
NB-1 363,813.86 1,566,649.09 0.00 0.00 65,972,401.09
NB-2 10,831.78 10,831.78 0.00 0.00 2,000,000.00
NB-3 25,590.09 25,590.09 0.00 0.00 4,725,000.00
NB-4 25,644.25 25,644.25 0.00 0.00 4,735,000.00
NB-5 15,164.50 15,164.50 0.00 0.00 2,800,000.00
NB-6 14,427.94 14,427.94 0.00 0.00 2,664,000.00
NB-7 54,158.93 54,158.93 0.00 0.00 10,000,000.00
A-P 0.00 65.25 0.00 0.00 59,733.25
A-V 421,457.84 421,457.84 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 103,381.38 118,121.07 0.00 0.00 19,084,226.06
M-2 38,011.11 43,430.58 0.00 0.00 7,016,858.65
M-3 31,928.89 36,481.18 0.00 0.00 5,894,081.81
B-1 18,241.24 20,842.00 0.00 0.00 3,367,337.01
B-2 9,117.93 10,417.93 0.00 0.00 1,683,171.70
B-3 12,164.74 13,899.14 0.00 0.00 2,245,614.82
- -------------------------------------------------------------------------------
3,258,357.82 7,752,498.46 0.00 0.00 519,442,266.73
===============================================================================
Run: 08/27/99 08:25:12
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-1 656.238677 24.027500 3.553783 27.581283 0.000000 632.211178
A-2 874.207025 8.792411 4.734165 13.526576 0.000000 865.414614
A-3 889.965120 7.690984 4.819501 12.510485 0.000000 882.274136
A-4 1000.000000 0.000000 5.415382 5.415382 0.000000 1000.000000
A-5 1000.000000 0.000000 5.415382 5.415382 0.000000 1000.000000
A-6 1000.000000 0.000000 5.415382 5.415382 0.000000 1000.000000
A-7 1000.000000 0.000000 5.415382 5.415382 0.000000 1000.000000
A-8 1000.000000 0.000000 5.415382 5.415382 0.000000 1000.000000
CB 928.881075 9.145152 5.030028 14.175180 0.000000 919.735924
NB-1 917.506472 16.428809 4.969116 21.397925 0.000000 901.077663
NB-2 1000.000000 0.000000 5.415891 5.415891 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.415893 5.415893 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.415893 5.415893 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.415894 5.415894 0.000000 1000.000000
NB-6 1000.000000 0.000000 5.415893 5.415893 0.000000 1000.000000
NB-7 1000.000000 0.000000 5.415893 5.415893 0.000000 1000.000000
A-P 992.657141 1.083133 0.000000 1.083133 0.000000 991.574008
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-1 994.375267 0.767412 5.382484 6.149896 0.000000 993.607854
M-2 994.375265 0.767413 5.382485 6.149898 0.000000 993.607852
M-3 994.375270 0.767412 5.382484 6.149896 0.000000 993.607857
B-1 994.375264 0.767412 5.382485 6.149897 0.000000 993.607852
B-2 994.375266 0.767414 5.382483 6.149897 0.000000 993.607851
B-3 994.429450 0.767455 5.382777 6.150232 0.000000 993.661999
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:12 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 108,905.27
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 20,504.79
SUBSERVICER ADVANCES THIS MONTH 39,967.06
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 4,051,985.21
(B) TWO MONTHLY PAYMENTS: 5 596,595.02
(C) THREE OR MORE MONTHLY PAYMENTS: 6 888,651.47
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 58,871.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 519,442,266.73
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,888
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 4,090,421.35
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.48354670 % 6.11140500 % 1.39363450 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.42437020 % 6.15952312 % 1.40460720 %
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 7.79319000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.89
POOL TRADING FACTOR: 91.95226269
................................................................................
Run: 08/27/99 08:24:34 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 29,957,324.94 6.500000 % 1,289,337.99
A-2 76110FC92 25,000,000.00 25,000,000.00 6.500000 % 0.00
A-3 76110FD26 25,001,570.00 24,860,401.89 6.500000 % 18,829.21
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 15,934.81 0.000000 % 21.43
A-V 76110FD75 0.00 0.00 1.068946 % 0.00
R 76110FD83 100.00 0.00 6.500000 % 0.00
M-1 76110FD91 9,141,000.00 9,089,386.54 6.500000 % 6,884.28
M-2 76110FE25 3,360,700.00 3,341,724.24 6.500000 % 2,531.01
M-3 76110FE33 2,823,000.00 2,807,060.30 6.500000 % 2,126.06
B-1 76110FE41 1,613,200.00 1,604,091.27 6.500000 % 1,214.93
B-2 76110FE58 806,600.00 802,045.64 6.500000 % 607.47
B-3 76110FE66 1,075,021.18 1,068,951.19 6.500000 % 809.62
- -------------------------------------------------------------------------------
268,851,631.00 249,037,950.82 1,322,362.00
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 162,223.69 1,451,561.68 0.00 0.00 28,667,986.95
A-2 135,378.99 135,378.99 0.00 0.00 25,000,000.00
A-3 134,623.04 153,452.25 0.00 0.00 24,841,572.68
A-4 13,404.38 13,404.38 0.00 0.00 2,475,344.00
A-5 75,947.77 75,947.77 0.00 0.00 14,025,030.00
A-6 725,580.77 725,580.77 0.00 0.00 133,990,656.00
A-P 0.00 21.43 0.00 0.00 15,913.38
A-V 221,778.35 221,778.35 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 49,220.48 56,104.76 0.00 0.00 9,082,502.26
M-2 18,095.97 20,626.98 0.00 0.00 3,339,193.23
M-3 15,200.68 17,326.74 0.00 0.00 2,804,934.24
B-1 8,686.41 9,901.34 0.00 0.00 1,602,876.34
B-2 4,343.20 4,950.67 0.00 0.00 801,438.17
B-3 5,788.54 6,598.16 0.00 0.00 1,068,141.57
- -------------------------------------------------------------------------------
1,570,272.27 2,892,634.27 0.00 0.00 247,715,588.82
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 604.917411 26.035135 3.275724 29.310859 0.000000 578.882276
A-2 1000.000000 0.000000 5.415160 5.415160 0.000000 1000.000000
A-3 994.353630 0.753121 5.384583 6.137704 0.000000 993.600509
A-4 1000.000000 0.000000 5.415158 5.415158 0.000000 1000.000000
A-5 1000.000000 0.000000 5.415159 5.415159 0.000000 1000.000000
A-6 1000.000000 0.000000 5.415159 5.415159 0.000000 1000.000000
A-P 971.053308 1.305925 0.000000 1.305925 0.000000 969.747383
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-1 994.353631 0.753121 5.384584 6.137705 0.000000 993.600510
M-2 994.353629 0.753120 5.384584 6.137704 0.000000 993.600509
M-3 994.353631 0.753121 5.384584 6.137705 0.000000 993.600510
B-1 994.353626 0.753118 5.384583 6.137701 0.000000 993.600508
B-2 994.353633 0.753124 5.384577 6.137701 0.000000 993.600508
B-3 994.353609 0.753120 5.384582 6.137702 0.000000 993.600489
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:34 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 51,650.72
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 12,870.93
SUBSERVICER ADVANCES THIS MONTH 24,450.32
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 2,908,067.10
(B) TWO MONTHLY PAYMENTS: 3 290,170.63
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 226,700.74
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 247,715,588.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,822
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 1,133,738.30
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.48529930 % 6.11920600 % 1.39549430 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.45090420 % 6.14681934 % 1.40188160 %
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 7.89934472
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.34
POOL TRADING FACTOR: 92.13839912
................................................................................
Run: 08/27/99 08:24:37 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 10,160,196.42 6.500000 % 1,043,715.24
A-2 76110FE74 95,030,000.00 95,030,000.00 6.500000 % 0.00
A-3 76110FE82 135,727,000.00 126,258,189.31 6.500000 % 1,252,755.49
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 35,505.89 0.000000 % 34.44
A-V 76110FF81 0.00 0.00 1.044834 % 0.00
R 76110FF99 100.00 0.00 6.500000 % 0.00
M-1 76110FG23 10,297,000.00 10,254,847.33 6.500000 % 7,579.35
M-2 76110FG31 3,861,100.00 3,845,293.88 6.500000 % 2,842.05
M-3 76110FG49 3,378,500.00 3,364,669.49 6.500000 % 2,486.82
B-1 76110FG56 1,930,600.00 1,922,696.73 6.500000 % 1,421.06
B-2 76110FG64 965,300.00 961,348.37 6.500000 % 710.53
B-3 76110FG72 1,287,113.52 1,281,844.50 6.500000 % 947.42
- -------------------------------------------------------------------------------
321,757,386.08 304,310,591.92 2,312,492.40
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 55,015.84 1,098,731.08 0.00 0.00 9,116,481.18
A-2 514,572.27 514,572.27 0.00 0.00 95,030,000.00
A-3 683,667.93 1,936,423.42 0.00 0.00 125,005,433.82
A-4 20,565.56 20,565.56 0.00 0.00 3,798,000.00
A-5 28,260.05 28,260.05 0.00 0.00 5,219,000.00
A-6 4,998.31 4,998.31 0.00 0.00 1,000,000.00
A-7 5,831.36 5,831.36 0.00 0.00 1,000,000.00
A-8 43,334.96 43,334.96 0.00 0.00 8,003,000.00
A-9 174,227.90 174,227.90 0.00 0.00 32,176,000.00
A-P 0.00 34.44 0.00 0.00 35,471.45
A-V 264,872.42 264,872.42 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 55,528.36 63,107.71 0.00 0.00 10,247,267.98
M-2 20,821.66 23,663.71 0.00 0.00 3,842,451.83
M-3 18,219.14 20,705.96 0.00 0.00 3,362,182.67
B-1 10,411.10 11,832.16 0.00 0.00 1,921,275.67
B-2 5,205.54 5,916.07 0.00 0.00 960,637.84
B-3 6,940.98 7,888.40 0.00 0.00 1,280,897.08
- -------------------------------------------------------------------------------
1,912,473.38 4,224,965.78 0.00 0.00 301,998,099.52
===============================================================================
Run: 08/27/99 08:24:37
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-1 562.922955 57.826763 3.048138 60.874901 0.000000 505.096193
A-2 1000.000000 0.000000 5.414840 5.414840 0.000000 1000.000000
A-3 930.236352 9.229965 5.037081 14.267046 0.000000 921.006387
A-4 1000.000000 0.000000 5.414839 5.414839 0.000000 1000.000000
A-5 1000.000000 0.000000 5.414840 5.414840 0.000000 1000.000000
A-6 1000.000000 0.000000 4.998310 4.998310 0.000000 1000.000000
A-7 1000.000000 0.000000 5.831360 5.831360 0.000000 1000.000000
A-8 1000.000000 0.000000 5.414839 5.414839 0.000000 1000.000000
A-9 1000.000000 0.000000 5.414840 5.414840 0.000000 1000.000000
A-P 995.327781 0.965448 0.000000 0.965448 0.000000 994.362333
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-1 995.906315 0.736074 5.392674 6.128748 0.000000 995.170242
M-2 995.906317 0.736073 5.392676 6.128749 0.000000 995.170244
M-3 995.906316 0.736072 5.392671 6.128743 0.000000 995.170244
B-1 995.906314 0.736072 5.392676 6.128748 0.000000 995.170242
B-2 995.906319 0.736072 5.392665 6.128737 0.000000 995.170248
B-3 995.906328 0.736073 5.392671 6.128744 0.000000 995.170250
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:37 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 63,150.27
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,563.17
SUBSERVICER ADVANCES THIS MONTH 42,738.67
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 5,038,225.80
(B) TWO MONTHLY PAYMENTS: 4 794,193.72
(C) THREE OR MORE MONTHLY PAYMENTS: 2 145,631.24
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 301,998,099.52
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,240
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 2,087,569.59
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.89107080 % 5.73981000 % 1.36911950 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.84192440 % 5.77881202 % 1.37858470 %
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 7.87216206
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.91
POOL TRADING FACTOR: 93.85894857
................................................................................
Run: 08/27/99 08:24:37 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 167,033,000.00 159,193,038.44 6.500000 % 1,898,919.34
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 43,233,963.39 6.500000 % 427,752.24
A-5 76110FJ79 60,600,000.00 52,123,249.55 6.500000 % 2,053,156.16
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 47,389,473.86 6.500000 % 35,166.53
A-P 76110FK36 12,443.31 12,130.23 0.000000 % 13.27
A-V 76110FK44 0.00 0.00 1.019597 % 0.00
R 76110FK51 100.00 0.00 6.500000 % 0.00
M-1 76110FK69 16,301,800.00 16,254,628.42 6.500000 % 12,062.15
M-2 76110FK77 6,113,300.00 6,095,610.30 6.500000 % 4,523.40
M-3 76110FK85 5,349,000.00 5,333,521.91 6.500000 % 3,957.87
B-1 76110FK93 3,056,500.00 3,047,655.59 6.500000 % 2,261.59
B-2 76110FL27 1,528,300.00 1,523,877.65 6.500000 % 1,130.83
B-3 76110FL35 2,037,744.61 2,031,848.11 6.500000 % 1,507.78
- -------------------------------------------------------------------------------
509,426,187.92 491,105,997.45 4,440,451.16
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 862,062.88 2,760,982.22 0.00 0.00 157,294,119.10
A-2 48,807.24 48,807.24 0.00 0.00 9,013,000.00
A-3 140,004.70 140,004.70 0.00 0.00 25,854,000.00
A-4 234,120.76 661,873.00 0.00 0.00 42,806,211.15
A-5 282,258.06 2,335,414.22 0.00 0.00 50,070,093.39
A-6 541,520.47 541,520.47 0.00 0.00 100,000,000.00
A-7 108,304.09 108,304.09 0.00 0.00 20,000,000.00
A-8 256,623.70 291,790.23 0.00 0.00 47,354,307.33
A-P 0.00 13.27 0.00 0.00 12,116.96
A-V 417,162.71 417,162.71 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 88,022.14 100,084.29 0.00 0.00 16,242,566.27
M-2 33,008.98 37,532.38 0.00 0.00 6,091,086.90
M-3 28,882.11 32,839.98 0.00 0.00 5,329,564.04
B-1 16,503.67 18,765.26 0.00 0.00 3,045,394.00
B-2 8,252.11 9,382.94 0.00 0.00 1,522,746.82
B-3 11,002.87 12,510.65 0.00 0.00 2,030,340.33
- -------------------------------------------------------------------------------
3,076,536.49 7,516,987.65 0.00 0.00 486,665,546.29
===============================================================================
Run: 08/27/99 08:24:37
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-1 953.063397 11.368528 5.161033 16.529561 0.000000 941.694869
A-2 1000.000000 0.000000 5.415205 5.415205 0.000000 1000.000000
A-3 1000.000000 0.000000 5.415205 5.415205 0.000000 1000.000000
A-4 960.754742 9.505605 5.202684 14.708289 0.000000 951.249137
A-5 860.119630 33.880465 4.657724 38.538189 0.000000 826.239165
A-6 1000.000000 0.000000 5.415205 5.415205 0.000000 1000.000000
A-7 1000.000000 0.000000 5.415205 5.415205 0.000000 1000.000000
A-8 997.106358 0.739927 5.399535 6.139462 0.000000 996.366430
A-P 974.839492 1.066437 0.000000 1.066437 0.000000 973.773056
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-1 997.106358 0.739927 5.399535 6.139462 0.000000 996.366430
M-2 997.106358 0.739928 5.399535 6.139463 0.000000 996.366431
M-3 997.106358 0.739927 5.399534 6.139461 0.000000 996.366431
B-1 997.106360 0.739928 5.399532 6.139460 0.000000 996.366432
B-2 997.106360 0.739927 5.399535 6.139462 0.000000 996.366433
B-3 997.106360 0.739926 5.399533 6.139459 0.000000 996.366431
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:38 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 101,865.29
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 20,479.41
SUBSERVICER ADVANCES THIS MONTH 47,267.93
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 5,562,665.45
(B) TWO MONTHLY PAYMENTS: 6 604,589.77
(C) THREE OR MORE MONTHLY PAYMENTS: 4 569,339.83
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 486,665,546.29
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,154
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 4,076,009.60
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.01821010 % 5.63716300 % 1.34462710 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.95973350 % 5.68423580 % 1.35588920 %
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 7.84836868
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.92
POOL TRADING FACTOR: 95.53210216
................................................................................
Run: 08/27/99 08:24:38 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 200,000,000.00 193,703,102.24 6.250000 % 1,972,013.97
A-P 76110FH22 33,549.74 32,662.88 0.000000 % 210.87
A-V 76110FH30 0.00 0.00 0.902701 % 0.00
R 76110FH48 100.00 0.00 6.250000 % 0.00
M-1 76110FH55 5,865,400.00 5,789,676.03 6.250000 % 19,289.59
M-2 76110FH63 942,600.00 930,430.76 6.250000 % 3,099.94
M-3 76110FH71 942,600.00 930,430.76 6.250000 % 3,099.94
B-1 76110FH89 628,400.00 620,287.17 6.250000 % 2,066.62
B-2 76110FH97 523,700.00 516,938.87 6.250000 % 1,722.30
B-3 76110FJ20 523,708.79 516,947.59 6.250000 % 1,722.33
- -------------------------------------------------------------------------------
209,460,058.53 203,040,476.30 2,003,225.56
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,008,225.98 2,980,239.95 0.00 0.00 191,731,088.27
A-P 0.00 210.87 0.00 0.00 32,452.01
A-V 152,639.77 152,639.77 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 30,135.30 49,424.89 0.00 0.00 5,770,386.44
M-2 4,842.89 7,942.83 0.00 0.00 927,330.82
M-3 4,842.89 7,942.83 0.00 0.00 927,330.82
B-1 3,228.60 5,295.22 0.00 0.00 618,220.55
B-2 2,690.67 4,412.97 0.00 0.00 515,216.57
B-3 2,690.72 4,413.05 0.00 0.00 515,225.26
- -------------------------------------------------------------------------------
1,209,296.82 3,212,522.38 0.00 0.00 201,037,250.74
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 968.515511 9.860070 5.041130 14.901200 0.000000 958.655441
A-P 973.565816 6.285295 0.000000 6.285295 0.000000 967.280521
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-1 987.089718 3.288708 5.137808 8.426516 0.000000 983.801009
M-2 987.089709 3.288712 5.137800 8.426512 0.000000 983.800997
M-3 987.089709 3.288712 5.137800 8.426512 0.000000 983.800997
B-1 987.089704 3.288701 5.137810 8.426511 0.000000 983.801003
B-2 987.089689 3.288715 5.137808 8.426523 0.000000 983.800974
B-3 987.089772 3.288717 5.137817 8.426534 0.000000 983.801055
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:38 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 42,112.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,353.87
SUBSERVICER ADVANCES THIS MONTH 23,674.97
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 1,852,648.78
(B) TWO MONTHLY PAYMENTS: 4 698,709.03
(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 201,037,250.74
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,012
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 1,326,739.00
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.41657480 % 3.76859300 % 0.81483250 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.38632380 % 3.79285334 % 0.82021050 %
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 7.47933916
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 169.19
POOL TRADING FACTOR: 95.97880004
................................................................................
Run: 08/27/99 08:25:15 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 166,515,517.00 162,650,818.06 7.250000 % 1,440,185.62
CB-P 76110FL68 12,334,483.00 12,048,209.00 0.000000 % 106,680.42
NB-1 76110FL76 36,987,960.00 34,756,569.68 6.750000 % 362,843.47
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 18,866,165.21 6.750000 % 428,265.25
NB-5 76110FM34 24,546,330.00 24,546,330.00 6.750000 % 0.00
A-P 76110FM42 248,854.76 247,914.07 0.000000 % 288.33
A-V 76110FM59 0.00 0.00 0.805687 % 0.00
R 76110FM67 100.00 0.00 6.750000 % 0.00
M-1 76110FM75 9,620,300.00 9,600,009.78 6.750000 % 6,903.65
M-2 76110FM83 3,848,100.00 3,839,983.95 6.750000 % 2,761.45
M-3 76110FM91 3,256,100.00 3,249,232.55 6.750000 % 2,336.62
B-1 76110FN25 1,924,100.00 1,920,041.87 6.750000 % 1,380.76
B-2 76110FN33 888,100.00 886,226.91 6.750000 % 637.31
B-3 76110FN41 1,183,701.20 1,181,203.10 6.750000 % 852.87
- -------------------------------------------------------------------------------
296,006,355.96 286,945,414.18 2,353,135.75
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 982,398.64 2,422,584.26 0.00 0.00 161,210,632.44
CB-P 0.00 106,680.42 0.00 0.00 11,941,528.58
NB-1 195,485.34 558,328.81 0.00 0.00 34,393,726.21
NB-2 19,876.68 19,876.68 0.00 0.00 3,534,000.00
NB-3 54,099.61 54,099.61 0.00 0.00 9,618,710.00
NB-4 106,111.13 534,376.38 0.00 0.00 18,437,899.96
NB-5 138,058.73 138,058.73 0.00 0.00 24,546,330.00
A-P 0.00 288.33 0.00 0.00 247,625.74
A-V 192,613.41 192,613.41 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 53,986.41 60,890.06 0.00 0.00 9,593,106.13
M-2 21,594.45 24,355.90 0.00 0.00 3,837,222.50
M-3 18,272.31 20,608.93 0.00 0.00 3,246,895.93
B-1 10,797.51 12,178.27 0.00 0.00 1,918,661.11
B-2 4,983.77 5,621.08 0.00 0.00 885,589.60
B-3 6,642.59 7,495.46 0.00 0.00 1,180,350.23
- -------------------------------------------------------------------------------
1,804,920.58 4,158,056.33 0.00 0.00 284,592,278.43
===============================================================================
Run: 08/27/99 08:25:15
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-1 976.790758 8.648957 5.899742 14.548699 0.000000 968.141801
CB-P 976.790758 8.648958 0.000000 8.648958 0.000000 968.141801
NB-1 939.672523 9.809772 5.285107 15.094879 0.000000 929.862750
NB-2 1000.000000 0.000000 5.624414 5.624414 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624414 5.624414 0.000000 1000.000000
NB-4 877.496056 19.919314 4.935401 24.854715 0.000000 857.576742
NB-5 1000.000000 0.000000 5.624414 5.624414 0.000000 1000.000000
A-P 996.219924 1.158616 0.000000 1.158616 0.000000 995.061308
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-1 997.890895 0.717613 5.611718 6.329331 0.000000 997.173283
M-2 997.890894 0.717614 5.611717 6.329331 0.000000 997.173280
M-3 997.890897 0.717613 5.611716 6.329329 0.000000 997.173284
B-1 997.890894 0.717613 5.611720 6.329333 0.000000 997.173281
B-2 997.890902 0.717611 5.611722 6.329333 0.000000 997.173291
B-3 997.889586 0.717614 5.611712 6.329326 0.000000 997.169072
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:16 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 59,611.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 14,191.22
SUBSERVICER ADVANCES THIS MONTH 41,183.39
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 4,353,521.29
(B) TWO MONTHLY PAYMENTS: 4 665,311.13
(C) THREE OR MORE MONTHLY PAYMENTS: 3 734,682.60
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 284,592,278.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,050
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 2,146,723.66
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.78797400 % 5.81616800 % 1.38962730 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.73352770 % 5.86004113 % 1.40132790 %
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 7.87718400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.82
POOL TRADING FACTOR: 96.14397553
................................................................................
Run: 08/27/99 08:25:16 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS6(POOL # 4376)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4376
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FN58 226,382,557.00 223,276,794.93 7.000000 % 1,577,737.76
CB-P 76110FN66 17,414,043.00 17,175,138.23 0.000000 % 121,364.44
NB-1 76110FN74 114,280,000.00 110,459,949.78 6.500000 % 1,708,128.19
NB-2 76110FN82 3,836,000.00 3,836,000.00 6.500000 % 0.00
NB-3 76110FN90 13,124,100.00 13,124,100.00 6.500000 % 0.00
A-P 76110FP23 47,335.68 47,245.27 0.000000 % 47.75
A-V 76110FP31 0.00 0.00 1.013844 % 0.00
R 76110FP49 100.00 0.00 6.500000 % 0.00
M-1 76110FP56 12,871,500.00 12,853,242.00 6.500000 % 9,262.41
M-2 76110FP64 4,826,800.00 4,819,953.26 6.500000 % 3,473.40
M-3 76110FP72 4,223,400.00 4,217,409.18 6.500000 % 3,039.19
B-1 76110FP80 2,413,400.00 2,409,976.63 6.500000 % 1,736.70
B-2 76110FP98 1,206,800.00 1,205,088.18 6.500000 % 868.42
B-3 76110FQ22 1,608,966.42 1,606,682.62 6.500000 % 1,159.27
- -------------------------------------------------------------------------------
402,235,002.10 395,031,580.08 3,426,817.53
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,302,095.33 2,879,833.09 0.00 0.00 221,699,057.17
CB-P 0.00 121,364.44 0.00 0.00 17,053,773.79
NB-1 598,265.24 2,306,393.43 0.00 0.00 108,751,821.59
NB-2 20,776.26 20,776.26 0.00 0.00 3,836,000.00
NB-3 71,081.81 71,081.81 0.00 0.00 13,124,100.00
A-P 0.00 47.75 0.00 0.00 47,197.52
A-V 333,679.74 333,679.74 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 69,604.61 78,867.02 0.00 0.00 12,843,979.59
M-2 26,101.66 29,575.06 0.00 0.00 4,816,479.86
M-3 22,838.68 25,877.87 0.00 0.00 4,214,369.99
B-1 13,050.83 14,787.53 0.00 0.00 2,408,239.93
B-2 6,525.95 7,394.37 0.00 0.00 1,204,219.76
B-3 8,700.72 9,859.99 0.00 0.00 1,605,523.35
- -------------------------------------------------------------------------------
2,472,720.83 5,899,538.36 0.00 0.00 391,604,762.55
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 986.280913 6.969343 5.751748 12.721091 0.000000 979.311569
CB-P 986.280913 6.969343 0.000000 6.969343 0.000000 979.311570
NB-1 966.572889 14.946869 5.235083 20.181952 0.000000 951.626020
NB-2 1000.000000 0.000000 5.416126 5.416126 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.416128 5.416128 0.000000 1000.000000
A-P 998.090024 1.008837 0.000000 1.008837 0.000000 997.081187
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-1 998.581517 0.719606 5.407653 6.127259 0.000000 997.861911
M-2 998.581516 0.719607 5.407653 6.127260 0.000000 997.861909
M-3 998.581517 0.719607 5.407653 6.127260 0.000000 997.861910
B-1 998.581516 0.719607 5.407653 6.127260 0.000000 997.861909
B-2 998.581521 0.719606 5.407648 6.127254 0.000000 997.861916
B-3 998.580579 0.719605 5.407645 6.127250 0.000000 997.860076
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:25:16 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS6 (POOL # 4376)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4376
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 81,954.68
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 16,221.30
SUBSERVICER ADVANCES THIS MONTH 49,768.50
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 5,510,596.96
(B) TWO MONTHLY PAYMENTS: 6 794,291.39
(C) THREE OR MORE MONTHLY PAYMENTS: 3 615,200.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 391,604,762.55
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,714
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 3,142,137.89
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.13584120 % 5.54148200 % 1.32185570 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.08075880 % 5.58594571 % 1.33262220 %
BANKRUPTCY AMOUNT AVAILABLE 150,055.00
FRAUD AMOUNT AVAILABLE 8,044,700.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,022,350.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.83968500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.98
POOL TRADING FACTOR: 97.35720673
................................................................................
Run: 08/27/99 08:24:44 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS7(POOL # 4380)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4380
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FQ30 260,286,000.00 258,005,285.12 6.750000 % 3,411,746.03
A-2 76110FQ48 15,420,000.00 15,339,881.53 6.750000 % 80,583.89
A-3 76110FQ55 35,050,000.00 35,050,000.00 6.750000 % 0.00
A-4 76110FQ63 14,250,000.00 14,330,118.47 6.750000 % 0.00
A-P 76110FQ89 91,079.98 90,998.81 0.000000 % 319.14
A-V 76110FQ97 0.00 0.00 0.878373 % 0.00
R 76110FQ71 100.00 0.00 6.750000 % 0.00
M-1 76110FR21 12,969,000.00 12,959,990.20 6.750000 % 9,090.63
M-2 76110FR39 4,206,600.00 4,203,677.60 6.750000 % 2,948.62
M-3 76110FR47 3,680,500.00 3,677,943.09 6.750000 % 2,579.85
B-1 76110FR54 2,103,100.00 2,101,638.94 6.750000 % 1,474.17
B-2 76110FR62 1,051,600.00 1,050,869.43 6.750000 % 737.12
B-3 76110FR70 1,402,095.46 1,401,121.40 6.750000 % 982.81
- -------------------------------------------------------------------------------
350,510,075.44 348,211,524.59 3,510,462.26
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,450,865.14 4,862,611.17 0.00 0.00 254,593,539.09
A-2 86,262.18 166,846.07 0.00 0.00 15,259,297.64
A-3 197,099.93 197,099.93 0.00 0.00 35,050,000.00
A-4 0.00 0.00 80,583.89 0.00 14,410,702.36
A-P 0.00 319.14 0.00 0.00 90,679.67
A-V 254,810.11 254,810.11 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 72,879.11 81,969.74 0.00 0.00 12,950,899.57
M-2 23,638.94 26,587.56 0.00 0.00 4,200,728.98
M-3 20,682.52 23,262.37 0.00 0.00 3,675,363.24
B-1 11,818.34 13,292.51 0.00 0.00 2,100,164.77
B-2 5,909.45 6,646.57 0.00 0.00 1,050,132.31
B-3 7,879.06 8,861.87 0.00 0.00 1,400,138.59
- -------------------------------------------------------------------------------
2,131,844.78 5,642,307.04 80,583.89 0.00 344,781,646.22
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 991.237658 13.107682 5.574119 18.681801 0.000000 978.129977
A-2 994.804250 5.225933 5.594175 10.820108 0.000000 989.578317
A-3 1000.000000 0.000000 5.623393 5.623393 0.000000 1000.000000
A-4 1005.622349 0.000000 0.000000 0.000000 5.655010 1011.277359
A-P 999.108805 3.503953 0.000000 3.503953 0.000000 995.604852
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-1 999.305282 0.700951 5.619486 6.320437 0.000000 998.604331
M-2 999.305282 0.700951 5.619488 6.320439 0.000000 998.604331
M-3 999.305282 0.700951 5.619486 6.320437 0.000000 998.604331
B-1 999.305283 0.700951 5.619486 6.320437 0.000000 998.604332
B-2 999.305278 0.700951 5.619485 6.320436 0.000000 998.604327
B-3 999.305283 0.700951 5.619489 6.320440 0.000000 998.604325
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:45 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS7 (POOL # 4380)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4380
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 72,427.40
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 17,375.67
SUBSERVICER ADVANCES THIS MONTH 59,165.26
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 52 7,754,723.08
(B) TWO MONTHLY PAYMENTS: 7 605,249.40
(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 344,781,646.22
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,607
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 3,185,609.37
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.70504360 % 5.98689500 % 1.30806130 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.63762910 % 6.04063239 % 1.32014940 %
BANKRUPTCY AMOUNT AVAILABLE 134,666.00
FRAUD AMOUNT AVAILABLE 7,010,202.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,505,101.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.95275114
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.67
POOL TRADING FACTOR: 98.36568772
................................................................................
Run: 08/27/99 08:24:45 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS8(POOL # 4381)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4381
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FR88 100,048,000.00 99,438,918.66 6.500000 % 527,992.50
A-P 76110FR96 122,858.97 122,395.04 0.000000 % 470.90
A-V 76110FS20 0.00 0.00 0.692726 % 0.00
R 76110FS38 100.00 0.00 6.500000 % 0.00
M-1 76110FS46 2,563,600.00 2,555,502.80 6.500000 % 8,154.15
M-2 76110FS53 575,400.00 573,582.58 6.500000 % 1,830.20
M-3 76110FS61 470,800.00 469,312.97 6.500000 % 1,497.49
B-1 76110FS79 313,900.00 312,908.54 6.500000 % 998.44
B-2 76110FS87 261,600.00 260,773.73 6.500000 % 832.08
B-3 76110FS95 261,601.59 260,775.31 6.500000 % 832.08
- -------------------------------------------------------------------------------
104,617,860.56 103,994,169.63 542,607.84
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 538,357.57 1,066,350.07 0.00 0.00 98,910,926.16
A-P 0.00 470.90 0.00 0.00 121,924.14
A-V 60,002.79 60,002.79 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 13,835.37 21,989.52 0.00 0.00 2,547,348.65
M-2 3,105.35 4,935.55 0.00 0.00 571,752.38
M-3 2,540.84 4,038.33 0.00 0.00 467,815.48
B-1 1,694.07 2,692.51 0.00 0.00 311,910.10
B-2 1,411.81 2,243.89 0.00 0.00 259,941.65
B-3 1,411.82 2,243.90 0.00 0.00 259,943.23
- -------------------------------------------------------------------------------
622,359.62 1,164,967.46 0.00 0.00 103,451,561.79
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 993.912109 5.277392 5.380993 10.658385 0.000000 988.634717
A-P 996.223882 3.832850 0.000000 3.832850 0.000000 992.391032
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-1 996.841473 3.180742 5.396852 8.577594 0.000000 993.660731
M-2 996.841467 3.180744 5.396854 8.577598 0.000000 993.660723
M-3 996.841483 3.180735 5.396856 8.577591 0.000000 993.660748
B-1 996.841478 3.180758 5.396846 8.577604 0.000000 993.660720
B-2 996.841476 3.180734 5.396827 8.577561 0.000000 993.660742
B-3 996.841457 3.180753 5.396833 8.577586 0.000000 993.660742
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:45 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS8 (POOL # 4381)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4381
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 21,652.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,972.41
SUBSERVICER ADVANCES THIS MONTH 10,307.36
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 10 1,017,098.93
(B) TWO MONTHLY PAYMENTS: 1 43,000.00
(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 103,451,561.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,016
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 210,748.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.73237680 % 3.46427000 % 0.80335350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.72367460 % 3.46724249 % 0.80499170 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,046,179.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,387,236.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.51355886
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 173.67
POOL TRADING FACTOR: 98.88518197
................................................................................
Run: 08/27/99 08:24:47 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS9(POOL # 4389)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4389
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FT29 165,986,000.00 165,986,000.00 7.000000 % 669,156.65
A-2 76110FT37 10,215,000.00 10,215,000.00 7.000000 % 56,862.26
A-3 76110FT45 27,081,000.00 27,081,000.00 7.000000 % 0.00
A-4 76110FT52 9,750,000.00 9,750,000.00 7.000000 % 0.00
A-5 76110FT60 37,000,000.00 37,000,000.00 7.000000 % 154,463.25
A-P 76110FT78 469,164.61 469,164.61 0.000000 % 516.21
A-V 76110FT86 0.00 0.00 0.774068 % 0.00
R 76110FT94 100.00 100.00 7.000000 % 100.00
M-1 76110FU27 10,698,000.00 10,698,000.00 7.000000 % 7,202.20
M-2 76110FU35 3,250,000.00 3,250,000.00 7.000000 % 2,187.99
M-3 76110FU43 2,843,700.00 2,843,700.00 7.000000 % 1,914.46
B-1 76110FU50 1,624,500.00 1,624,500.00 7.000000 % 1,093.66
B-2 76110FU68 812,400.00 812,400.00 7.000000 % 546.93
B-3 76110FU76 1,083,312.85 1,083,312.85 7.000000 % 729.32
- -------------------------------------------------------------------------------
270,813,177.46 270,813,177.46 894,772.93
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 968,034.78 1,637,191.43 0.00 0.00 165,316,843.35
A-2 59,574.15 116,436.41 0.00 0.00 10,158,137.74
A-3 157,937.11 157,937.11 0.00 0.00 27,081,000.00
A-4 0.00 0.00 56,862.26 0.00 9,806,862.26
A-5 215,784.98 370,248.23 0.00 0.00 36,845,536.75
A-P 0.00 516.21 0.00 0.00 468,648.40
A-V 174,650.80 174,650.80 0.00 0.00 0.00
R 0.58 100.58 0.00 0.00 0.00
M-1 62,391.02 69,593.22 0.00 0.00 10,690,797.80
M-2 18,954.08 21,142.07 0.00 0.00 3,247,812.01
M-3 16,584.53 18,498.99 0.00 0.00 2,841,785.54
B-1 9,474.13 10,567.79 0.00 0.00 1,623,406.34
B-2 4,737.94 5,284.87 0.00 0.00 811,853.07
B-3 6,317.90 7,047.22 0.00 0.00 1,082,583.53
- -------------------------------------------------------------------------------
1,694,442.00 2,589,214.93 56,862.26 0.00 269,975,266.79
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 4.031404 5.832027 9.863431 0.000000 995.968596
A-2 1000.000000 5.566545 5.832026 11.398571 0.000000 994.433455
A-3 1000.000000 0.000000 5.832027 5.832027 0.000000 1000.000000
A-4 1000.000000 0.000000 0.000000 0.000000 5.832027 1005.832027
A-5 1000.000000 4.174682 5.832026 10.006708 0.000000 995.825318
A-P 1000.000000 1.100275 0.000000 1.100275 0.000000 998.899725
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.800000 1005.800000 0.000000 0.000000
M-1 1000.000000 0.673229 5.832027 6.505256 0.000000 999.326771
M-2 1000.000000 0.673228 5.832025 6.505253 0.000000 999.326772
M-3 1000.000000 0.673229 5.832025 6.505254 0.000000 999.326772
B-1 1000.000000 0.673229 5.832028 6.505257 0.000000 999.326771
B-2 1000.000000 0.673227 5.832029 6.505256 0.000000 999.326773
B-3 1000.000000 0.673231 5.832018 6.505249 0.000000 999.326769
_______________________________________________________________________________
DETERMINATION DATE 20-August-99
DISTRIBUTION DATE 25-August-99
Run: 08/27/99 08:24:47 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS9 (POOL # 4389)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4389
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 56,384.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 17,059.29
SUBSERVICER ADVANCES THIS MONTH 11,000.03
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 9 1,509,338.68
(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 269,975,266.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,946
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 655,510.20
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.48664220 % 6.21123400 % 1.30212350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.46837110 % 6.21553061 % 1.30529000 %
BANKRUPTCY AMOUNT AVAILABLE 150,000.00
FRAUD AMOUNT AVAILABLE 5,416,264.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,708,132.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.08823697
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.71
POOL TRADING FACTOR: 99.69059457
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