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)
February 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 51-0368240
333-63549
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the February, 1999 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
<PAGE>
Master Serviced by Residential Funding Corporation
1995-QS1 RALI 1996-QS1 RALI 1996-QS2 RALI 1996-QS3 RALI 1996-QS4 RALI 1996-QS5
RALI 1996-QS7 RALI 1996-QS8 RALI 1997-QS1 RALI 1997-QS2 RALI 1997-QS3 RALI
1997-QS4 RALI 1997-QS5 RALI 1997-QS6 RALI 1997-QS7 RALI 1997-QS8 RALI 1997-QS9
RALI 1997-QS10 RALI 1997-QS11 RALI 1997-QS12 RALI 1997-QS13 RALI 1998-QS1 RALI
1998-QS2 RALI 1998-QS3GR1 RALI 1998-QS4 RALI 1998-QS5 RALI 1998-QS6 RALI
1998-QS8 RALI 1998-QS7 RALI 1998-QS10 RALI 1998-QS11 RALI 1998-QS9 RALI
1998-QS12 RALI 1998-QS13 RALI 1998-QS14 RALI 1998 QS15 RALI 1998-QS16 RALI
1998-QS17 RALI 1999-QS1 RALI
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) See Item 5.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: February 25, 1999
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities ExchangeAct of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By: /s/ Davee Olson
Name: Davee Olson
Title: Chief Financial Officer
Dated: February 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 5,198,461.77 7.300000 % 3,855,225.05
A-4 76110FAD5 46,000,000.00 46,000,000.00 7.500000 % 0.00
A-5 76110FAE3 22,100,000.00 22,100,000.00 7.500000 % 0.00
A-6 76110FAF0 31,109,000.00 31,109,000.00 7.500000 % 0.00
R 514.42 2,018,952.92 0.000000 % 103,277.46
- -------------------------------------------------------------------------------
258,459,514.42 106,426,414.69 3,958,502.51
===============================================================================
_______________________________________________________________________________
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 31,623.98 3,886,849.03 0.00 0.00 1,343,236.72
A-4 287,500.00 287,500.00 0.00 0.00 46,000,000.00
A-5 138,125.00 138,125.00 0.00 0.00 22,100,000.00
A-6 194,431.25 194,431.25 0.00 0.00 31,109,000.00
R 134,959.03 238,236.49 0.00 0.00 1,915,675.46
- -------------------------------------------------------------------------------
786,639.26 4,745,141.77 0.00 0.00 102,467,912.18
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 233.638731 173.268542 1.421302 174.689844 0.000000 60.370190
A-4 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
R ****.****** ****.****** *****.****** *****.****** 0.000000 ****.******
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4180
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 21,459.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 479.60
SUBSERVICER ADVANCES THIS MONTH 72,679.62
MASTER SERVICER ADVANCES THIS MONTH 12,658.28
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 3,931,188.10
(B) TWO MONTHLY PAYMENTS: 10 1,698,991.47
(C) THREE OR MORE MONTHLY PAYMENTS: 11 856,484.19
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 2,002,635.97
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 102,467,912.18
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,253
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 12
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,511,335.36
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,825,322.76
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.10295880 % 1.89704120 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.13046310 % 1.86953690 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.34094268
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 284.81
POOL TRADING FACTOR: 39.64563363
................................................................................
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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 10,469,737.24 6.750000 % 4,489,832.80
A-I-4 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I-5 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I-6 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I-7 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 10,020,904.28 5.340000 % 427,750.55
R 0.53 1,582,969.25 0.000000 % 21,072.42
- -------------------------------------------------------------------------------
255,942,104.53 106,877,746.77 4,938,655.77
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 0.00 0.00 0.00 0.00 0.00
A-I-3 58,892.27 4,548,725.07 0.00 0.00 5,979,904.44
A-I-4 183,149.00 183,149.00 0.00 0.00 31,852,000.00
A-I-5 85,393.13 85,393.13 0.00 0.00 14,535,000.00
A-I-6 111,270.20 111,270.20 0.00 0.00 18,417,136.00
A-I-7 111,666.67 111,666.67 0.00 0.00 20,000,000.00
A-II 48,436.49 476,187.04 0.00 0.00 9,593,153.73
R 0.00 21,072.42 0.00 0.00 1,546,533.64
- -------------------------------------------------------------------------------
598,807.76 5,537,463.53 0.00 0.00 101,923,727.81
===============================================================================
_______________________________________________________________________________
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-3 464.042959 198.999770 2.610242 201.610012 0.000000 265.043189
A-I-4 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I-7 1000.000000 0.000000 5.583334 5.583334 0.000000 1000.000000
A-II 341.137539 14.561737 1.648904 16.210641 0.000000 326.575802
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4194
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 22,243.74
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 59,968.77
MASTER SERVICER ADVANCES THIS MONTH 11,249.31
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 4,427,562.50
(B) TWO MONTHLY PAYMENTS: 4 859,533.23
(C) THREE OR MORE MONTHLY PAYMENTS: 4 466,235.02
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,605,608.45
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 101,923,727.81
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 999
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 6
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,461,493.84
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,329,017.79
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.51889730 % 1.48110280 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.48265590 % 1.51734410 %
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 8.96431000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 294.65
POOL TRADING FACTOR: 39.82296231
................................................................................
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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 10,525,522.05 7.050000 % 3,179,642.36
A-5 76110FAW3 14,000,000.00 14,000,000.00 7.350000 % 0.00
A-6 76110FAX1 10,000,000.00 10,000,000.00 7.450000 % 0.00
A-7 76110FAY9 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-8 76110FAZ6 14,043,411.00 14,043,411.00 7.500000 % 0.00
A-9 76110FBA0 18,190,000.00 18,190,000.00 7.500000 % 0.00
A-10 76110FBB8 178,007.00 108,263.89 0.000000 % 3,699.36
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 94,686,311.12 3,183,341.72
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 61,837.44 3,241,479.80 0.00 0.00 7,345,879.69
A-5 85,750.00 85,750.00 0.00 0.00 14,000,000.00
A-6 62,083.33 62,083.33 0.00 0.00 10,000,000.00
A-7 157,083.33 157,083.33 0.00 0.00 26,000,000.00
A-8 87,771.32 87,771.32 0.00 0.00 14,043,411.00
A-9 113,687.50 113,687.50 0.00 0.00 18,190,000.00
A-10 0.00 3,699.36 0.00 0.00 104,564.53
R 50,192.65 50,192.65 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
618,405.57 3,801,747.29 0.00 0.00 91,502,969.40
===============================================================================
_______________________________________________________________________________
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-4 701.701470 211.976157 4.122496 216.098653 0.000000 489.725313
A-5 1000.000000 0.000000 6.125000 6.125000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.208333 6.208333 0.000000 1000.000000
A-7 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-8 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-9 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-10 608.200183 20.782104 0.000000 20.782104 0.000000 587.418079
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS2 (POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4201
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 19,481.19
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,152.79
SUBSERVICER ADVANCES THIS MONTH 51,188.52
MASTER SERVICER ADVANCES THIS MONTH 4,507.15
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 2,848,027.56
(B) TWO MONTHLY PAYMENTS: 7 785,872.98
(C) THREE OR MORE MONTHLY PAYMENTS: 8 965,416.91
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,670,294.49
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 91,502,969.40
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 977
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 581,298.61
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,901,430.17
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.07879920 % 1.92120080 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.01196160 % 1.98803840 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81227787
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 301.24
POOL TRADING FACTOR: 50.30083895
................................................................................
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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 5,869,927.30 7.460000 % 5,754,365.39
A-I-6 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I-7 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I-8 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I-9 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I-10 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I-11 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 11,702,333.07 7.750000 % 1,162,134.06
A-P 76110FBQ5 1,166,695.86 888,663.53 0.000000 % 32,334.92
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 12,143,428.57 7.750000 % 12,656.43
M-2 76110FBU6 5,568,000.00 5,396,863.96 7.750000 % 5,624.86
M-3 76110FBV4 4,176,000.00 4,047,647.96 7.750000 % 4,218.64
B-1 1,809,600.00 1,753,980.77 7.750000 % 1,828.08
B-2 696,000.00 674,607.99 7.750000 % 703.11
B-3 1,670,738.96 1,479,999.50 7.750000 % 1,542.50
A-V 76110FHY2 0.00 0.00 0.688287 % 0.00
STRIP 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 151,157,014.65 6,975,407.99
===============================================================================
_______________________________________________________________________________
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 36,360.40 5,790,725.79 0.00 0.00 115,561.91
A-I-6 139,617.04 139,617.04 0.00 0.00 21,696,000.00
A-I-7 51,783.66 51,783.66 0.00 0.00 8,047,000.00
A-I-8 112,203.30 112,203.30 0.00 0.00 17,436,000.00
A-I-9 161,811.88 161,811.88 0.00 0.00 25,145,000.00
A-I-10 122,267.87 122,267.87 0.00 0.00 19,000,000.00
A-I-11 102,161.64 102,161.64 0.00 0.00 15,875,562.00
A-II 75,306.29 1,237,440.35 0.00 0.00 10,540,199.01
A-P 0.00 32,334.92 0.00 0.00 856,328.61
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 78,144.80 90,801.23 0.00 0.00 12,130,772.14
M-2 34,729.64 40,354.50 0.00 0.00 5,391,239.10
M-3 26,047.23 30,265.87 0.00 0.00 4,043,429.32
B-1 11,287.13 13,115.21 0.00 0.00 1,752,152.69
B-2 4,341.20 5,044.31 0.00 0.00 673,904.88
B-3 9,524.02 11,066.52 0.00 0.00 1,450,081.34
A-V 86,388.35 86,388.35 0.00 0.00 0.00
STRIP 1,413.48 1,413.48 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,053,387.93 8,028,795.92 0.00 0.00 144,153,231.00
===============================================================================
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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-5 315.808215 309.590864 1.956227 311.547091 0.000000 6.217351
A-I-6 1000.000000 0.000000 6.435151 6.435151 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.435151 6.435151 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.435151 6.435151 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.435151 6.435151 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.435151 6.435151 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.435151 6.435151 0.000000 1000.000000
A-II 569.416752 56.547579 3.664283 60.211862 0.000000 512.869173
A-P 761.692537 27.714952 0.000000 27.714952 0.000000 733.977586
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-1 969.264363 1.010211 6.237363 7.247574 0.000000 968.254152
M-2 969.264361 1.010212 6.237364 7.247576 0.000000 968.254149
M-3 969.264358 1.010211 6.237364 7.247575 0.000000 968.254148
B-1 969.264351 1.010212 6.237362 7.247574 0.000000 968.254139
B-2 969.264353 1.010216 6.237356 7.247572 0.000000 968.254138
B-3 885.835271 0.923244 5.700484 6.623728 0.000000 867.928129
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 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:53:01 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4211
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 31,109.11
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 56,971.96
MASTER SERVICER ADVANCES THIS MONTH 1,647.97
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 4,298,046.87
(B) TWO MONTHLY PAYMENTS: 11 1,553,590.79
(C) THREE OR MORE MONTHLY PAYMENTS: 6 232,189.32
FORECLOSURES
NUMBER OF LOANS 13
AGGREGATE PRINCIPAL BALANCE 1,049,897.69
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 144,153,231.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,484
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 206,610.45
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,815,948.03
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 82.54451350 % 14.28179900 % 2.58578030 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 82.24554820 % 14.96008130 % 2.70497050 %
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 8.72637800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 301.20
POOL TRADING FACTOR: 51.77829719
................................................................................
Run: 02/26/99 10:53:03 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 26,945,000.00 828,860.92 11.000000 % 513,113.37
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 8,291,090.77 7.700000 % 5,132,669.94
A-I-6 76110FCB7 26,811,000.00 26,811,000.00 8.000000 % 0.00
A-I-7 76110FCC5 18,046,000.00 18,046,000.00 8.000000 % 0.00
A-I-8 76110FCD3 9,094,000.00 9,094,000.00 8.000000 % 0.00
A-I-9 76110FCE1 10,284,000.00 10,284,000.00 8.000000 % 0.00
A-I-10 76110FCF8 27,538,000.00 27,538,000.00 7.900000 % 0.00
A-II-1 76110FCG6 16,021,000.00 4,541,121.61 7.250000 % 262,342.08
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,040,413.66 0.000000 % 83,996.91
A-V-1 0.00 0.00 0.942118 % 0.00
A-V-2 0.00 0.00 0.372936 % 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 12,828,357.75 8.000000 % 14,607.04
M-2 76110FCN1 5,570,800.00 5,401,475.01 8.000000 % 6,150.40
M-3 76110FCP6 4,456,600.00 4,321,141.24 8.000000 % 4,920.28
B-1 76110FCR2 2,228,400.00 2,160,667.59 8.000000 % 2,460.25
B-2 76110FCS0 696,400.00 676,574.06 8.000000 % 770.38
B-3 76110FCT8 1,671,255.97 1,091,032.42 8.000000 % 1,242.31
STRIP 0.00 0.00 0.184081 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 142,533,735.03 6,022,272.96
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 7,564.06 520,677.43 0.00 0.00 315,747.55
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 52,964.31 5,185,634.25 0.00 0.00 3,158,420.83
A-I-6 177,944.24 177,944.24 0.00 0.00 26,811,000.00
A-I-7 119,771.06 119,771.06 0.00 0.00 18,046,000.00
A-I-8 60,356.76 60,356.76 0.00 0.00 9,094,000.00
A-I-9 68,254.77 68,254.77 0.00 0.00 10,284,000.00
A-I-10 180,484.71 180,484.71 0.00 0.00 27,538,000.00
A-II-1 27,313.79 289,655.87 0.00 0.00 4,278,779.53
A-II-2 54,453.98 54,453.98 0.00 0.00 8,580,000.00
A-P 0.00 83,996.91 0.00 0.00 1,956,416.75
A-V-1 75,001.99 75,001.99 0.00 0.00 0.00
A-V-2 14,409.97 14,409.97 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 85,141.64 99,748.68 0.00 0.00 12,813,750.71
M-2 35,849.51 41,999.91 0.00 0.00 5,395,324.61
M-3 28,679.36 33,599.64 0.00 0.00 4,316,220.96
B-1 14,340.32 16,800.57 0.00 0.00 2,158,207.34
B-2 4,490.41 5,260.79 0.00 0.00 675,803.68
B-3 7,241.17 8,483.48 0.00 0.00 1,054,025.17
STRIP 7,602.15 7,602.15 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,021,864.20 7,044,137.16 0.00 0.00 136,475,697.13
===============================================================================
Run: 02/26/99 10:53:03
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 30.761214 19.042990 0.280722 19.323712 0.000000 11.718224
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-5 827.206502 512.089189 5.284277 517.373466 0.000000 315.117313
A-I-6 1000.000000 0.000000 6.636986 6.636986 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.636987 6.636987 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.636987 6.636987 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.636987 6.636987 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.554024 6.554024 0.000000 1000.000000
A-II-1 283.448075 16.374888 1.704874 18.079762 0.000000 267.073187
A-II-2 1000.000000 0.000000 6.346618 6.346618 0.000000 1000.000000
A-P 671.268640 27.633854 0.000000 27.633854 0.000000 643.634786
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-1 969.604909 1.104043 6.435255 7.539298 0.000000 968.500866
M-2 969.604906 1.104043 6.435253 7.539296 0.000000 968.500863
M-3 969.604910 1.104043 6.435256 7.539299 0.000000 968.500866
B-1 969.604914 1.104043 6.435254 7.539297 0.000000 968.500871
B-2 971.530816 1.106232 6.448033 7.554265 0.000000 970.424584
B-3 652.821853 0.743339 4.332771 5.076110 0.000000 630.678479
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:53:04 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4216
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 29,004.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 75,013.70
MASTER SERVICER ADVANCES THIS MONTH 9,471.19
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 50 5,849,031.73
(B) TWO MONTHLY PAYMENTS: 8 858,966.05
(C) THREE OR MORE MONTHLY PAYMENTS: 11 1,391,067.99
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 949,712.45
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 136,475,697.13
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,535
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 8
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,114,509.77
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,793,107.49
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 79.99093920 % 15.82149900 % 2.75603110 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 80.36464930 % 16.50498715 % 2.89031890 %
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 8.96967000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 293.08
POOL TRADING FACTOR: 48.99754362
................................................................................
Run: 02/26/99 10:53:06 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 23,848,000.00 749,581.48 9.500000 % 399,421.29
A-I-2 76110FCV3 25,000,000.00 1,813,014.62 7.600000 % 966,082.29
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 1,998,164.93 7.800000 % 1,064,740.31
A-I-7 76110FDA8 16,926,000.00 16,926,000.00 8.000000 % 0.00
A-I-8 76110FDB6 6,884,000.00 6,884,000.00 8.000000 % 0.00
A-I-9 76110FDC4 11,229,000.00 11,229,000.00 8.000000 % 0.00
A-I-10 76110FDD2 22,501,000.00 22,501,000.00 8.000000 % 0.00
A-II-1 76110FDE0 11,162,000.00 3,435,494.49 8.000000 % 194,809.11
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 800,092.66 0.000000 % 1,297.17
A-V-1 0.00 0.00 1.024036 % 0.00
A-V-2 0.00 0.00 0.482183 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,668,363.22 8.000000 % 0.00
M-2 76110FDK6 3,958,800.00 3,833,745.85 8.000000 % 0.00
M-3 76110FDL4 2,815,100.00 2,726,174.09 8.000000 % 0.00
B-1 76110FDM2 1,407,600.00 1,363,135.45 8.000000 % 0.00
B-2 76110FDN0 439,800.00 425,907.20 8.000000 % 0.00
B-3 76110FDP5 1,055,748.52 957,704.73 8.000000 % 0.00
- -------------------------------------------------------------------------------
175,944,527.21 87,836,378.72 2,626,350.17
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 5,931.85 405,353.14 0.00 0.00 350,160.19
A-I-2 11,477.90 977,560.19 0.00 0.00 846,932.33
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 0.00 0.00 0.00 0.00 0.00
A-I-6 12,982.95 1,077,723.26 0.00 0.00 933,424.62
A-I-7 112,795.51 112,795.51 0.00 0.00 16,926,000.00
A-I-8 45,875.23 45,875.23 0.00 0.00 6,884,000.00
A-I-9 74,830.48 74,830.48 0.00 0.00 11,229,000.00
A-I-10 149,947.52 149,947.52 0.00 0.00 22,501,000.00
A-II-1 22,894.27 217,703.38 0.00 0.00 3,240,685.38
A-II-2 30,154.77 30,154.77 0.00 0.00 4,525,000.00
A-P 0.00 1,297.17 0.00 0.00 798,795.49
A-V-1 52,302.14 52,302.14 0.00 0.00 0.00
A-V-2 10,653.16 10,653.16 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 23,626.67 23,626.67 0.00 0.00 7,668,363.22
M-2 0.00 0.00 0.00 0.00 3,833,745.85
M-3 0.00 0.00 0.00 0.00 2,726,174.09
B-1 0.00 0.00 0.00 0.00 1,363,135.45
B-2 0.00 0.00 0.00 0.00 425,907.20
B-3 0.00 0.00 0.00 0.00 871,878.64
- -------------------------------------------------------------------------------
553,472.45 3,179,822.62 0.00 0.00 85,124,202.46
===============================================================================
Run: 02/26/99 10:53:06
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 31.431629 16.748628 0.248736 16.997364 0.000000 14.683000
A-I-2 72.520585 38.643292 0.459116 39.102408 0.000000 33.877293
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-6 359.511502 191.568965 2.335903 193.904868 0.000000 167.942537
A-I-7 1000.000000 0.000000 6.664038 6.664038 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.664037 6.664037 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.664038 6.664038 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.664038 6.664038 0.000000 1000.000000
A-II-1 307.784849 17.452886 2.051090 19.503976 0.000000 290.331964
A-II-2 1000.000000 0.000000 6.664038 6.664038 0.000000 1000.000000
A-P 723.490440 1.172976 0.000000 1.172976 0.000000 722.317464
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-1 968.411090 0.000000 2.983730 2.983730 0.000000 968.411091
M-2 968.411097 0.000000 0.000000 0.000000 0.000000 968.411097
M-3 968.411101 0.000000 0.000000 0.000000 0.000000 968.411101
B-1 968.411090 0.000000 0.000000 0.000000 0.000000 968.411090
B-2 968.411096 0.000000 0.000000 0.000000 0.000000 968.411096
B-3 907.133386 0.000000 0.000000 0.000000 0.000000 825.839320
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:53:07 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS5 (POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4222
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 17,986.84
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 29,589.67
MASTER SERVICER ADVANCES THIS MONTH 1,608.64
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 1,964,055.50
(B) TWO MONTHLY PAYMENTS: 2 166,852.30
(C) THREE OR MORE MONTHLY PAYMENTS: 6 473,815.64
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 984,568.85
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 85,124,202.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 951
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 200,414.85
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,372,060.38
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 79.76336970 % 16.19862200 % 3.12711820 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 79.97139290 % 16.71473300 % 3.15553920 %
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 9.10986400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 297.85
POOL TRADING FACTOR: 48.38127324
................................................................................
Run: 02/26/99 10:53:09 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 2,744,095.76 5.339690 % 744,840.54
A-I-3 76110FDS9 0.00 0.00 3.660310 % 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 1,000,000.00 554,931.94 7.700000 % 150,627.33
A-I-8 76110FDX8 9,539,699.00 8,592,054.07 7.700000 % 2,332,174.53
A-I-9 76110FDY6 22,526,000.00 22,526,000.00 8.000000 % 0.00
A-I-10 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I-11 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I-12 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 11,694,389.51 8.000000 % 136,698.57
A-P 76110FED1 601,147.92 401,009.54 0.000000 % 5,415.32
A-V-1 0.00 0.00 0.893176 % 0.00
A-V-2 0.00 0.00 0.537524 % 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 8,861,929.74 8.000000 % 9,690.05
M-2 76110FEH2 5,126,400.00 4,984,288.58 8.000000 % 5,450.06
M-3 76110FEJ8 3,645,500.00 3,544,441.31 8.000000 % 3,875.66
B-1 1,822,700.00 1,772,172.05 8.000000 % 1,937.78
B-2 569,600.00 553,809.87 8.000000 % 605.56
B-3 1,366,716.75 1,154,051.19 8.000000 % 1,261.88
- -------------------------------------------------------------------------------
227,839,864.67 118,073,173.56 3,392,577.28
===============================================================================
_______________________________________________________________________________
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 12,173.91 757,014.45 0.00 0.00 1,999,255.22
A-I-3 8,345.11 8,345.11 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 3,550.13 154,177.46 0.00 0.00 404,304.61
A-I-8 54,967.06 2,387,141.59 0.00 0.00 6,259,879.54
A-I-9 149,723.10 149,723.10 0.00 0.00 22,526,000.00
A-I-10 77,433.82 77,433.82 0.00 0.00 11,650,000.00
A-I-11 202,198.65 202,198.65 0.00 0.00 30,421,000.00
A-I-12 57,287.73 57,287.73 0.00 0.00 8,619,000.00
A-II 77,728.86 214,427.43 0.00 0.00 11,557,690.94
A-P 0.00 5,415.32 0.00 0.00 395,594.22
A-V-1 67,376.35 67,376.35 0.00 0.00 0.00
A-V-2 12,182.84 12,182.84 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 58,902.41 68,592.46 0.00 0.00 8,852,239.69
M-2 33,128.97 38,579.03 0.00 0.00 4,978,838.52
M-3 23,558.77 27,434.43 0.00 0.00 3,540,565.65
B-1 11,779.06 13,716.84 0.00 0.00 1,770,234.27
B-2 3,681.00 4,286.56 0.00 0.00 553,204.31
B-3 7,670.60 8,932.48 0.00 0.00 1,152,408.40
- -------------------------------------------------------------------------------
861,688.37 4,254,265.65 0.00 0.00 114,680,215.37
===============================================================================
Run: 02/26/99 10:53:09
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 63.341147 17.192933 0.281007 17.473940 0.000000 46.148214
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-7 554.931940 150.627329 3.550130 154.177459 0.000000 404.304611
A-I-8 900.663016 244.470452 5.761928 250.232380 0.000000 656.192563
A-I-9 1000.000000 0.000000 6.646679 6.646679 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.646680 6.646680 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.646680 6.646680 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.646679 6.646679 0.000000 1000.000000
A-II 581.694663 6.799571 3.866338 10.665909 0.000000 574.895093
A-P 667.072989 9.008292 0.000000 9.008292 0.000000 658.064698
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-1 972.278514 1.063135 6.462424 7.525559 0.000000 971.215379
M-2 972.278515 1.063136 6.462424 7.525560 0.000000 971.215379
M-3 972.278510 1.063135 6.462425 7.525560 0.000000 971.215375
B-1 972.278515 1.063137 6.462424 7.525561 0.000000 971.215378
B-2 972.278564 1.063132 6.462430 7.525562 0.000000 971.215432
B-3 844.396756 0.923293 5.612428 6.535721 0.000000 843.194756
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:53:10 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4228
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 24,103.67
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 60,966.43
MASTER SERVICER ADVANCES THIS MONTH 3,342.16
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 5,198,578.18
(B) TWO MONTHLY PAYMENTS: 11 1,229,085.59
(C) THREE OR MORE MONTHLY PAYMENTS: 2 183,053.67
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 851,814.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 114,680,215.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,255
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 406,130.59
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,254,078.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 81.98430550 % 14.72871400 % 2.94735290 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 81.75827100 % 15.14789958 % 3.04139520 %
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 9.10683900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 299.48
POOL TRADING FACTOR: 50.33369184
................................................................................
Run: 02/26/99 10:50:19 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8(POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FEK5 4,000,000.00 1,061,129.42 7.400000 % 164,232.91
A-2 76110FEL3 4,074,824.00 0.00 7.300000 % 0.00
A-3 76110FEM1 13,128,206.00 5,703,636.92 7.050000 % 1,390,790.71
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 1,732,754.73 7.400000 % 670,665.62
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 10,533,415.38 5.439690 % 1,309,003.23
A-8 76110FES8 0.00 0.00 3.560310 % 0.00
A-9 76110FET6 32,965,000.00 0.00 0.000000 % 0.00
A-10 76110FEU3 20,953,719.00 15,976,778.53 7.400000 % 1,058,532.51
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 79,284.70 0.000000 % 159.79
A-15-1 0.00 0.00 0.986011 % 0.00
A-15-2 0.00 0.00 0.570542 % 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 6,411,328.09 7.750000 % 5,018.09
M-2 76110FFC2 4,440,700.00 4,274,250.83 7.750000 % 3,345.42
M-3 76110FFD0 3,108,500.00 2,991,985.21 7.750000 % 2,341.80
B-1 1,509,500.00 1,452,919.94 7.750000 % 1,137.19
B-2 444,000.00 427,357.72 7.750000 % 334.49
B-3 1,154,562.90 1,011,671.35 7.750000 % 791.82
- -------------------------------------------------------------------------------
177,623,205.60 94,644,118.82 4,606,353.58
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 6,476.14 170,709.05 0.00 0.00 896,896.51
A-2 0.00 0.00 0.00 0.00 0.00
A-3 33,163.28 1,423,953.99 0.00 0.00 4,312,846.21
A-4 22,668.43 22,668.43 0.00 0.00 3,765,148.00
A-5 10,575.12 681,240.74 0.00 0.00 1,062,089.11
A-6 15,871.03 15,871.03 0.00 0.00 2,600,500.00
A-7 47,256.32 1,356,259.55 0.00 0.00 9,224,412.15
A-8 30,929.54 30,929.54 0.00 0.00 0.00
A-9 0.00 0.00 0.00 0.00 0.00
A-10 97,507.37 1,156,039.88 0.00 0.00 14,918,246.02
A-11 89,324.39 89,324.39 0.00 0.00 13,975,000.00
A-12 12,783.46 12,783.46 0.00 0.00 2,000,000.00
A-13 131,969.72 131,969.72 0.00 0.00 20,646,958.00
A-14 0.00 159.79 0.00 0.00 79,124.91
A-15-1 61,646.73 61,646.73 0.00 0.00 0.00
A-15-2 8,863.58 8,863.58 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 40,979.45 45,997.54 0.00 0.00 6,406,310.00
M-2 27,319.85 30,665.27 0.00 0.00 4,270,905.41
M-3 19,123.95 21,465.75 0.00 0.00 2,989,643.41
B-1 9,286.67 10,423.86 0.00 0.00 1,451,782.75
B-2 2,731.56 3,066.05 0.00 0.00 427,023.23
B-3 6,466.33 7,258.15 0.00 0.00 1,010,879.53
- -------------------------------------------------------------------------------
674,942.92 5,281,296.50 0.00 0.00 90,037,765.24
===============================================================================
Run: 02/26/99 10:50:19
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-1 265.282355 41.058228 1.619035 42.677263 0.000000 224.224127
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 434.456690 105.939129 2.526109 108.465238 0.000000 328.517561
A-4 1000.000000 0.000000 6.020595 6.020595 0.000000 1000.000000
A-5 165.024260 63.872916 1.007154 64.880070 0.000000 101.151344
A-6 1000.000000 0.000000 6.103069 6.103069 0.000000 1000.000000
A-7 333.551651 41.450961 1.496421 42.947382 0.000000 292.100690
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-10 762.479373 50.517644 4.653464 55.171108 0.000000 711.961730
A-11 1000.000000 0.000000 6.391727 6.391727 0.000000 1000.000000
A-12 1000.000000 0.000000 6.391730 6.391730 0.000000 1000.000000
A-13 1000.000000 0.000000 6.391727 6.391727 0.000000 1000.000000
A-14 684.523249 1.379585 0.000000 1.379585 0.000000 683.143665
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-1 962.517353 0.753354 6.152147 6.905501 0.000000 961.763999
M-2 962.517358 0.753354 6.152149 6.905503 0.000000 961.764003
M-3 962.517359 0.753354 6.152147 6.905501 0.000000 961.764005
B-1 962.517350 0.753355 6.152150 6.905505 0.000000 961.763995
B-2 962.517387 0.753356 6.152162 6.905518 0.000000 961.764032
B-3 876.237535 0.685809 5.600674 6.286483 0.000000 875.551717
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:50:20 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS8 (POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4231
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 19,217.34
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,915.76
MASTER SERVICER ADVANCES THIS MONTH 1,315.17
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 3,398,649.29
(B) TWO MONTHLY PAYMENTS: 6 714,588.99
(C) THREE OR MORE MONTHLY PAYMENTS: 6 338,873.69
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 536,077.83
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 90,037,765.24
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 979
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 161,304.46
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,532,223.73
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 82.47814500 % 14.46369000 % 3.05816540 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 81.59538180 % 15.17902936 % 3.21223790 %
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 8.97570688
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 320.84
POOL TRADING FACTOR: 50.69031658
................................................................................
Run: 02/26/99 10:50:28 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 7,151,308.90 6.750000 % 2,500,454.82
A-5 76110FFJ7 10,253,000.00 4,667,072.22 6.750000 % 588,342.33
A-6 76110FFK4 31,511,646.00 13,813,228.25 11.000000 % 661,885.08
A-7 76110FFL2 17,652,000.00 17,652,000.00 6.750000 % 0.00
A-8 76110FFM0 5,655,589.00 5,655,589.00 6.750000 % 0.00
A-9 76110FFN8 19,068,000.00 19,068,000.00 6.750000 % 0.00
A-10 76110FFP3 10,267,765.00 10,267,765.00 6.750000 % 0.00
A-11 76110FFQ1 47,506,000.00 47,506,000.00 7.500000 % 0.00
A-12 76110FFR9 212,947.62 139,875.98 0.000000 % 159.92
A-13-1 0.00 0.00 1.022028 % 0.00
A-13-2 0.00 0.00 0.656772 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,208,627.54 7.500000 % 6,962.47
M-2 76110FFW8 6,251,000.00 6,138,757.69 7.500000 % 4,641.40
M-3 76110FFW8 4,375,700.00 4,297,130.37 7.500000 % 3,248.98
B-1 1,624,900.00 1,595,723.46 7.500000 % 1,206.50
B-2 624,800.00 613,581.16 7.500000 % 463.92
B-3 1,500,282.64 1,399,546.43 7.500000 % 1,058.15
- -------------------------------------------------------------------------------
250,038,730.26 149,174,206.00 3,768,423.57
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 40,211.05 2,540,665.87 0.00 0.00 4,650,854.08
A-5 26,242.45 614,584.78 0.00 0.00 4,078,729.89
A-6 126,573.85 788,458.93 0.00 0.00 13,151,343.17
A-7 99,255.33 99,255.33 0.00 0.00 17,652,000.00
A-8 31,800.78 31,800.78 0.00 0.00 5,655,589.00
A-9 107,217.34 107,217.34 0.00 0.00 19,068,000.00
A-10 57,734.56 57,734.56 0.00 0.00 10,267,765.00
A-11 296,801.34 296,801.34 0.00 0.00 47,506,000.00
A-12 0.00 159.92 0.00 0.00 139,716.06
A-13-1 100,211.93 100,211.93 0.00 0.00 0.00
A-13-2 17,216.12 17,216.12 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,532.37 64,494.84 0.00 0.00 9,201,665.07
M-2 38,352.88 42,994.28 0.00 0.00 6,134,116.29
M-3 26,847.00 30,095.98 0.00 0.00 4,293,881.39
B-1 9,969.54 11,176.04 0.00 0.00 1,594,516.96
B-2 3,833.44 4,297.36 0.00 0.00 613,117.24
B-3 8,743.90 9,802.05 0.00 0.00 1,398,488.28
- -------------------------------------------------------------------------------
1,048,543.88 4,816,967.45 0.00 0.00 145,405,782.43
===============================================================================
Run: 02/26/99 10:50:28
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-4 448.695501 156.886361 2.522967 159.409328 0.000000 291.809140
A-5 455.190892 57.382457 2.559490 59.941947 0.000000 397.808436
A-6 438.353117 21.004459 4.016732 25.021191 0.000000 417.348658
A-7 1000.000000 0.000000 5.622894 5.622894 0.000000 1000.000000
A-8 1000.000000 0.000000 5.622894 5.622894 0.000000 1000.000000
A-9 1000.000000 0.000000 5.622894 5.622894 0.000000 1000.000000
A-10 1000.000000 0.000000 5.622895 5.622895 0.000000 1000.000000
A-11 1000.000000 0.000000 6.247660 6.247660 0.000000 1000.000000
A-12 656.856273 0.750983 0.000000 0.750983 0.000000 656.105290
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-1 982.044102 0.742505 6.135477 6.877982 0.000000 981.301597
M-2 982.044103 0.742505 6.135479 6.877984 0.000000 981.301598
M-3 982.044100 0.742505 6.135475 6.877980 0.000000 981.301595
B-1 982.044101 0.742507 6.135479 6.877986 0.000000 981.301594
B-2 982.044110 0.742510 6.135467 6.877977 0.000000 981.301601
B-3 932.855179 0.705300 5.828168 6.533468 0.000000 932.149878
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:50:29 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS1 (POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4237
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 30,969.04
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 51,751.17
MASTER SERVICER ADVANCES THIS MONTH 2,991.63
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 44 4,378,918.08
(B) TWO MONTHLY PAYMENTS: 4 804,940.91
(C) THREE OR MORE MONTHLY PAYMENTS: 6 715,102.71
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 691,353.05
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 145,405,782.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,489
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 379,677.54
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,655,589.51
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.39730860 % 13.18120200 % 2.42148980 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.00467100 % 13.49991893 % 2.48242590 %
BANKRUPTCY AMOUNT AVAILABLE 182,005.00
FRAUD AMOUNT AVAILABLE 2,143,653.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,143,653.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.76825376
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 326.27
POOL TRADING FACTOR: 58.15330380
................................................................................
Run: 02/26/99 10:50:33 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 11,941,471.49 9.000000 % 929,163.94
A-2 76110FFZ1 37,000,000.00 0.00 7.250000 % 0.00
A-3 76110FGA5 5,200,000.00 871,378.90 7.250000 % 871,378.90
A-4 76110FGB3 18,200,000.00 18,200,000.00 7.250000 % 1,132,109.76
A-5 76110FGC1 10,000,000.00 3,410,871.78 7.250000 % 319,421.34
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 130,561.76 111,163.13 0.000000 % 112.88
A-10-1 0.00 0.00 0.795162 % 0.00
A-10-2 0.00 0.00 0.456843 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,826,064.69 7.750000 % 3,685.01
M-2 76110FGL1 4,109,600.00 4,021,655.33 7.750000 % 3,070.79
M-3 76110FGM9 2,630,200.00 2,573,914.22 7.750000 % 1,965.35
B-1 1,068,500.00 1,045,634.29 7.750000 % 798.41
B-2 410,900.00 402,106.83 7.750000 % 307.03
B-3 821,738.81 798,482.28 7.750000 % 609.70
- -------------------------------------------------------------------------------
164,383,983.57 96,974,955.94 3,262,623.11
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 89,453.65 1,018,617.59 0.00 0.00 11,012,307.55
A-2 0.00 0.00 0.00 0.00 0.00
A-3 5,258.27 876,637.17 0.00 0.00 0.00
A-4 109,826.48 1,241,936.24 0.00 0.00 17,067,890.24
A-5 20,582.64 340,003.98 0.00 0.00 3,091,450.44
A-6 44,482.32 44,482.32 0.00 0.00 7,371,430.00
A-7 67,091.17 67,091.17 0.00 0.00 10,400,783.00
A-8 199,968.26 199,968.26 0.00 0.00 31,000,000.00
A-9 0.00 112.88 0.00 0.00 111,050.25
A-10-1 50,211.14 50,211.14 0.00 0.00 0.00
A-10-2 8,026.63 8,026.63 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,130.96 34,815.97 0.00 0.00 4,822,379.68
M-2 25,942.05 29,012.84 0.00 0.00 4,018,584.54
M-3 16,603.27 18,568.62 0.00 0.00 2,571,948.87
B-1 6,744.95 7,543.36 0.00 0.00 1,044,835.88
B-2 2,593.83 2,900.86 0.00 0.00 401,799.80
B-3 5,150.68 5,760.38 0.00 0.00 797,872.58
- -------------------------------------------------------------------------------
683,066.30 3,945,689.41 0.00 0.00 93,712,332.83
===============================================================================
Run: 02/26/99 10:50:33
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-1 383.864366 29.868423 2.875531 32.743954 0.000000 353.995942
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 167.572865 167.572865 1.011206 168.584071 0.000000 0.000000
A-4 1000.000000 62.203833 6.034422 68.238255 0.000000 937.796167
A-5 341.087178 31.942134 2.058264 34.000398 0.000000 309.145044
A-6 1000.000000 0.000000 6.034422 6.034422 0.000000 1000.000000
A-7 1000.000000 0.000000 6.450588 6.450588 0.000000 1000.000000
A-8 1000.000000 0.000000 6.450589 6.450589 0.000000 1000.000000
A-9 851.421810 0.864572 0.000000 0.864572 0.000000 850.557238
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-1 978.600189 0.747224 6.312548 7.059772 0.000000 977.852965
M-2 978.600187 0.747224 6.312549 7.059773 0.000000 977.852964
M-3 978.600190 0.747225 6.312550 7.059775 0.000000 977.852966
B-1 978.600178 0.747225 6.312541 7.059766 0.000000 977.852953
B-2 978.600219 0.747213 6.312558 7.059771 0.000000 977.853006
B-3 971.698392 0.741951 6.268026 7.009977 0.000000 970.956428
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:50:33 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS2 (POOL # 4240)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4240
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 19,937.41
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 38,910.91
MASTER SERVICER ADVANCES THIS MONTH 954.07
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 3,746,453.89
(B) TWO MONTHLY PAYMENTS: 4 275,750.26
(C) THREE OR MORE MONTHLY PAYMENTS: 2 152,888.15
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 684,721.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 93,712,332.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,012
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 3
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 116,946.31
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,188,562.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.88961130 % 11.79143800 % 2.31895050 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.40893780 % 12.17866715 % 2.39794610 %
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 8.78984166
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 326.62
POOL TRADING FACTOR: 57.00818948
................................................................................
Run: 02/26/99 10:50:36 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 7,381,469.71 7.500000 % 2,811,556.32
A-3 76110FGU1 16,821,000.00 16,821,000.00 7.500000 % 0.00
A-4 76110FGV9 23,490,000.00 23,490,000.00 7.750000 % 0.00
A-5 76110FGW7 7,138,000.00 7,138,000.00 7.750000 % 0.00
A-6 76110FGX5 1,000,000.00 1,000,000.00 7.750000 % 0.00
A-7 76110FGY3 15,374,000.00 3,457,495.67 9.500000 % 401,650.90
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 92,057.35 0.000000 % 3,103.42
A-10-1 0.00 0.00 0.809387 % 0.00
A-10-2 0.00 0.00 0.482940 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,256,141.21 7.750000 % 3,749.13
M-2 76110FHE6 4,112,900.00 4,043,238.49 7.750000 % 2,883.98
M-3 76110FHF3 2,632,200.00 2,587,617.55 7.750000 % 1,845.71
B-1 1,069,400.00 1,051,287.23 7.750000 % 749.87
B-2 411,200.00 404,235.39 7.750000 % 288.34
B-3 823,585.68 809,636.33 7.750000 % 577.50
- -------------------------------------------------------------------------------
164,514,437.18 101,032,178.93 3,226,405.17
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 46,125.76 2,857,682.08 0.00 0.00 4,569,913.39
A-3 105,112.05 105,112.05 0.00 0.00 16,821,000.00
A-4 151,678.54 151,678.54 0.00 0.00 23,490,000.00
A-5 46,091.16 46,091.16 0.00 0.00 7,138,000.00
A-6 6,457.15 6,457.15 0.00 0.00 1,000,000.00
A-7 27,366.84 429,017.74 0.00 0.00 3,055,844.77
A-8 177,571.73 177,571.73 0.00 0.00 27,500,000.00
A-9 0.00 3,103.42 0.00 0.00 88,953.93
A-10-1 51,207.14 51,207.14 0.00 0.00 0.00
A-10-2 10,099.01 10,099.01 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 33,939.71 37,688.84 0.00 0.00 5,252,392.08
M-2 26,107.81 28,991.79 0.00 0.00 4,040,354.51
M-3 16,708.65 18,554.36 0.00 0.00 2,585,771.84
B-1 6,788.32 7,538.19 0.00 0.00 1,050,537.36
B-2 2,610.21 2,898.55 0.00 0.00 403,947.05
B-3 5,227.94 5,805.44 0.00 0.00 575,032.50
- -------------------------------------------------------------------------------
713,092.02 3,939,497.19 0.00 0.00 97,571,747.43
===============================================================================
Run: 02/26/99 10:50:36
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-2 277.718112 105.781117 1.735421 107.516538 0.000000 171.936995
A-3 1000.000000 0.000000 6.248859 6.248859 0.000000 1000.000000
A-4 1000.000000 0.000000 6.457154 6.457154 0.000000 1000.000000
A-5 1000.000000 0.000000 6.457153 6.457153 0.000000 1000.000000
A-6 1000.000000 0.000000 6.457150 6.457150 0.000000 1000.000000
A-7 224.892394 26.125335 1.780073 27.905408 0.000000 198.767059
A-8 1000.000000 0.000000 6.457154 6.457154 0.000000 1000.000000
A-9 857.532033 28.908958 0.000000 28.908958 0.000000 828.623075
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-1 983.062676 0.701204 6.347786 7.048990 0.000000 982.361472
M-2 983.062678 0.701204 6.347786 7.048990 0.000000 982.361475
M-3 983.062666 0.701204 6.347789 7.048993 0.000000 982.361462
B-1 983.062680 0.701206 6.347784 7.048990 0.000000 982.361474
B-2 983.062719 0.701216 6.347787 7.049003 0.000000 982.361503
B-3 983.062661 0.701202 6.347779 7.048981 0.000000 698.206048
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:50:37 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 20,657.55
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 25,238.79
MASTER SERVICER ADVANCES THIS MONTH 1,328.80
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 26 1,795,618.45
(B) TWO MONTHLY PAYMENTS: 4 315,465.62
(C) THREE OR MORE MONTHLY PAYMENTS: 2 239,266.27
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 862,965.97
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 97,571,747.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 979
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 159,646.65
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,914,147.94
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.97965210 % 11.77628600 % 2.24406200 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.73283050 % 12.17413723 % 2.08192320 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,785,164.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,623,566.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.79479816
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.85
POOL TRADING FACTOR: 59.30892699
................................................................................
Run: 02/26/99 10:50:41 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 9,791,224.24 7.250000 % 3,148,988.91
A-3 76110FHM8 22,398,546.00 22,398,546.00 7.250000 % 0.00
A-4 76110FHN6 24,498,244.00 9,117,181.59 10.000000 % 699,775.31
A-5 76110FHP1 17,675,100.00 17,675,100.00 7.500000 % 0.00
A-6 76110FHQ9 7,150,100.00 7,150,100.00 7.750000 % 0.00
A-7 76110FHR7 52,000,000.00 52,000,000.00 7.750000 % 0.00
A-8 76110FHS5 155,284.33 123,964.03 0.000000 % 300.95
A-9-1 0.00 0.00 0.804178 % 0.00
A-9-2 0.00 0.00 0.518924 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,082,005.14 7.750000 % 5,214.88
M-2 76110FHW6 4,975,300.00 4,902,888.72 7.750000 % 3,610.27
M-3 76110FHX4 3,316,900.00 3,268,625.34 7.750000 % 2,406.87
B-1 1,216,200.00 1,198,499.25 7.750000 % 882.52
B-2 552,900.00 544,853.02 7.750000 % 401.21
B-3 995,114.30 953,401.03 7.750000 % 702.04
- -------------------------------------------------------------------------------
221,126,398.63 136,206,388.36 3,862,282.96
===============================================================================
_______________________________________________________________________________
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 59,097.40 3,208,086.31 0.00 0.00 6,642,235.33
A-3 135,192.07 135,192.07 0.00 0.00 22,398,546.00
A-4 75,902.13 775,677.44 0.00 0.00 8,417,406.28
A-5 110,361.23 110,361.23 0.00 0.00 17,675,100.00
A-6 46,132.52 46,132.52 0.00 0.00 7,150,100.00
A-7 335,504.55 335,504.55 0.00 0.00 52,000,000.00
A-8 0.00 300.95 0.00 0.00 123,663.08
A-9-1 71,658.13 71,658.13 0.00 0.00 0.00
A-9-2 12,603.04 12,603.04 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,693.17 50,908.05 0.00 0.00 7,076,790.26
M-2 31,633.49 35,243.76 0.00 0.00 4,899,278.45
M-3 21,089.20 23,496.07 0.00 0.00 3,266,218.47
B-1 7,732.73 8,615.25 0.00 0.00 1,197,616.73
B-2 3,515.40 3,916.61 0.00 0.00 544,451.81
B-3 6,151.35 6,853.39 0.00 0.00 952,598.99
- -------------------------------------------------------------------------------
962,266.41 4,824,549.37 0.00 0.00 132,344,005.40
===============================================================================
Run: 02/26/99 10:50:41
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-2 273.689007 88.022052 1.651919 89.673971 0.000000 185.666955
A-3 1000.000000 0.000000 6.035752 6.035752 0.000000 1000.000000
A-4 372.156535 28.564305 3.098268 31.662573 0.000000 343.592230
A-5 1000.000000 0.000000 6.243882 6.243882 0.000000 1000.000000
A-6 1000.000000 0.000000 6.452010 6.452010 0.000000 1000.000000
A-7 1000.000000 0.000000 6.452011 6.452011 0.000000 1000.000000
A-8 798.303538 1.938058 0.000000 1.938058 0.000000 796.365480
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-1 985.445849 0.725639 6.358107 7.083746 0.000000 984.720210
M-2 985.445846 0.725639 6.358107 7.083746 0.000000 984.720208
M-3 985.445850 0.725638 6.358105 7.083743 0.000000 984.720212
B-1 985.445856 0.725637 6.358107 7.083744 0.000000 984.720219
B-2 985.445867 0.725647 6.358112 7.083759 0.000000 984.720221
B-3 958.081931 0.705487 6.181551 6.887038 0.000000 957.275956
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:50:42 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4247
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 27,977.64
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,905.01
MASTER SERVICER ADVANCES THIS MONTH 1,518.46
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 3,687,523.68
(B) TWO MONTHLY PAYMENTS: 4 487,226.51
(C) THREE OR MORE MONTHLY PAYMENTS: 2 159,619.86
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 747,527.83
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 132,344,005.40
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,344
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 201,758.92
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,762,071.06
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.80926460 % 11.20903000 % 1.98170580 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.43404310 % 11.51717234 % 2.03801280 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 1,743,213.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,497,768.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81718061
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.75
POOL TRADING FACTOR: 59.84993480
................................................................................
Run: 02/26/99 10:50:43 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 11,084,313.05 10.000000 % 1,316,125.66
A-4 76110FJC8 24,000,000.00 17,773,077.27 7.250000 % 3,509,668.43
A-5 76110FJD6 11,785,091.00 11,785,091.00 7.250000 % 0.00
A-6 76110FJE4 18,143,000.00 18,143,000.00 8.000000 % 0.00
A-7 76110FJF1 4,767,000.00 4,767,000.00 8.000000 % 0.00
A-8 76110FJG9 0.00 0.00 0.750000 % 0.00
A-9 76110FJH7 42,917,000.00 42,917,000.00 7.250000 % 0.00
A-10 76110FJJ3 340,158.57 255,371.64 0.000000 % 11,844.73
A-11-1 0.00 0.00 0.705328 % 0.00
A-11-2 0.00 0.00 0.350908 % 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 6,627,029.55 8.000000 % 4,537.97
M-2 76110FJP9 4,330,000.00 4,263,750.07 8.000000 % 2,919.67
M-3 76110FJQ7 2,886,000.00 2,841,843.59 8.000000 % 1,946.00
B-1 1,058,000.00 1,041,812.36 8.000000 % 713.40
B-2 481,000.00 473,640.59 8.000000 % 324.33
B-3 866,066.26 834,160.77 8.000000 % 571.20
- -------------------------------------------------------------------------------
192,360,424.83 122,807,089.89 4,848,651.39
===============================================================================
_______________________________________________________________________________
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 91,767.25 1,407,892.91 0.00 0.00 9,768,187.39
A-4 106,679.15 3,616,347.58 0.00 0.00 14,263,408.84
A-5 70,737.52 70,737.52 0.00 0.00 11,785,091.00
A-6 120,165.00 120,165.00 0.00 0.00 18,143,000.00
A-7 31,572.87 31,572.87 0.00 0.00 4,767,000.00
A-8 26,648.31 26,648.31 0.00 0.00 0.00
A-9 257,600.25 257,600.25 0.00 0.00 42,917,000.00
A-10 0.00 11,844.73 0.00 0.00 243,526.91
A-11-1 54,393.23 54,393.23 0.00 0.00 0.00
A-11-2 8,616.40 8,616.40 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 43,892.25 48,430.22 0.00 0.00 6,622,491.58
M-2 28,239.74 31,159.41 0.00 0.00 4,260,830.40
M-3 18,822.14 20,768.14 0.00 0.00 2,839,897.59
B-1 6,900.15 7,613.55 0.00 0.00 1,041,098.96
B-2 3,137.02 3,461.35 0.00 0.00 473,316.26
B-3 5,524.82 6,096.02 0.00 0.00 833,589.57
- -------------------------------------------------------------------------------
874,696.10 5,723,347.49 0.00 0.00 117,958,438.50
===============================================================================
Run: 02/26/99 10:50:43
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-3 370.008570 43.933960 3.063308 46.997268 0.000000 326.074609
A-4 740.544886 146.236185 4.444965 150.681150 0.000000 594.308702
A-5 1000.000000 0.000000 6.002289 6.002289 0.000000 1000.000000
A-6 1000.000000 0.000000 6.623216 6.623216 0.000000 1000.000000
A-7 1000.000000 0.000000 6.623216 6.623216 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 6.002289 6.002289 0.000000 1000.000000
A-10 750.742926 34.821201 0.000000 34.821201 0.000000 715.921724
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-1 984.699785 0.674290 6.521880 7.196170 0.000000 984.025495
M-2 984.699785 0.674289 6.521880 7.196169 0.000000 984.025497
M-3 984.699789 0.674290 6.521878 7.196168 0.000000 984.025499
B-1 984.699773 0.674291 6.521881 7.196172 0.000000 984.025482
B-2 984.699771 0.674283 6.521871 7.196154 0.000000 984.025489
B-3 963.160451 0.659545 6.379212 7.038757 0.000000 962.500913
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:50:44 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS5 (POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4248
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 24,986.03
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 49,101.54
MASTER SERVICER ADVANCES THIS MONTH 2,663.41
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 4,098,954.76
(B) TWO MONTHLY PAYMENTS: 5 483,037.38
(C) THREE OR MORE MONTHLY PAYMENTS: 7 662,985.96
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 994,377.95
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 117,958,438.50
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,199
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 342,942.94
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,764,484.20
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.87718360 % 11.20557400 % 1.91724260 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.34733340 % 11.63394476 % 1.99465370 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 1,490,509.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,490,509.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.93195446
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.61
POOL TRADING FACTOR: 61.32157309
................................................................................
Run: 02/26/99 10:50:45 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 11,970,279.88 7.500000 % 1,830,335.00
A-2 76110FJS3 15,683,000.00 15,683,000.00 7.500000 % 0.00
A-3 76110FJT1 18,746,000.00 18,746,000.00 7.500000 % 0.00
A-4 76110FJU8 2,046,000.00 2,046,000.00 7.500000 % 0.00
A-5 76110FJV6 21,277,000.00 19,997,151.08 7.500000 % 72,787.13
A-6 76110FJW4 164,986.80 100,984.56 0.000000 % 410.37
A-7-1 0.00 0.00 0.856743 % 0.00
A-7-2 0.00 0.00 0.356013 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,494,732.16 7.500000 % 9,080.51
M-2 76110FKA0 1,061,700.00 997,836.48 7.500000 % 3,632.00
M-3 76110FKB8 690,100.00 648,589.00 7.500000 % 2,360.78
B-1 371,600.00 349,247.46 7.500000 % 1,271.22
B-2 159,300.00 149,717.75 7.500000 % 544.95
B-3 372,446.48 350,043.05 7.500000 % 1,274.12
- -------------------------------------------------------------------------------
106,172,633.28 73,533,581.42 1,921,696.08
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 74,772.08 1,905,107.08 0.00 0.00 10,139,944.88
A-2 97,963.50 97,963.50 0.00 0.00 15,683,000.00
A-3 117,096.45 117,096.45 0.00 0.00 18,746,000.00
A-4 12,780.29 12,780.29 0.00 0.00 2,046,000.00
A-5 124,911.74 197,698.87 0.00 0.00 19,924,363.95
A-6 0.00 410.37 0.00 0.00 100,574.19
A-7-1 42,492.65 42,492.65 0.00 0.00 0.00
A-7-2 4,145.95 4,145.95 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,583.29 24,663.80 0.00 0.00 2,485,651.65
M-2 6,232.96 9,864.96 0.00 0.00 994,204.48
M-3 4,051.39 6,412.17 0.00 0.00 646,228.22
B-1 2,181.57 3,452.79 0.00 0.00 347,976.24
B-2 935.21 1,480.16 0.00 0.00 149,172.80
B-3 2,186.54 3,460.66 0.00 0.00 348,768.93
- -------------------------------------------------------------------------------
505,333.62 2,427,029.70 0.00 0.00 71,611,885.34
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 278.728633 42.619452 1.741072 44.360524 0.000000 236.109181
A-2 1000.000000 0.000000 6.246477 6.246477 0.000000 1000.000000
A-3 1000.000000 0.000000 6.246477 6.246477 0.000000 1000.000000
A-4 1000.000000 0.000000 6.246476 6.246476 0.000000 1000.000000
A-5 939.848244 3.420930 5.870740 9.291670 0.000000 936.427314
A-6 612.076602 2.487290 0.000000 2.487290 0.000000 609.589313
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-1 939.847860 3.420928 5.870739 9.291667 0.000000 936.426933
M-2 939.847867 3.420929 5.870736 9.291665 0.000000 936.426938
M-3 939.847848 3.420925 5.870729 9.291654 0.000000 936.426924
B-1 939.847847 3.420936 5.870748 9.291684 0.000000 936.426911
B-2 939.847772 3.420904 5.870747 9.291651 0.000000 936.426868
B-3 939.847921 3.420921 5.870750 9.291671 0.000000 936.426973
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:50:45 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4249
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 15,157.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 10,990.91
MASTER SERVICER ADVANCES THIS MONTH 1,179.28
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 14 770,703.72
(B) TWO MONTHLY PAYMENTS: 1 34,381.18
(C) THREE OR MORE MONTHLY PAYMENTS: 3 212,174.65
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 37,664.47
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 71,611,885.34
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,018
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 118,992.84
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,654,005.04
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.20442680 % 5.63940000 % 1.15617350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.04725050 % 5.76173121 % 1.18291490 %
BANKRUPTCY AMOUNT AVAILABLE 154,147.00
FRAUD AMOUNT AVAILABLE 8,574,020.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,813,254.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.57405840
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 151.97
POOL TRADING FACTOR: 67.44853464
................................................................................
Run: 02/26/99 10:50:54 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 34,334,478.06 7.500000 % 1,426,080.22
A-2 76110FKD4 20,984,000.00 7,478,478.06 7.500000 % 1,426,080.22
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 13,116,136.55 9.500000 % 407,451.49
A-8 76110FKP7 156,262.27 107,561.71 0.000000 % 875.10
A-9-1 0.00 0.00 0.842256 % 0.00
A-9-2 0.00 0.00 0.530330 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,602,003.91 7.750000 % 4,615.51
M-2 76110FKM4 3,827,000.00 3,772,714.49 7.750000 % 2,637.54
M-3 76110FKN2 2,870,200.00 2,829,486.59 7.750000 % 1,978.12
B-1 1,052,400.00 1,037,471.86 7.750000 % 725.30
B-2 478,400.00 471,613.94 7.750000 % 329.71
B-3 861,188.35 848,972.47 7.750000 % 593.53
- -------------------------------------------------------------------------------
191,342,550.62 120,598,917.64 3,271,366.74
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 214,543.85 1,640,624.07 0.00 0.00 32,908,397.84
A-2 46,730.33 1,472,810.55 0.00 0.00 6,052,397.84
A-3 68,735.06 68,735.06 0.00 0.00 11,000,000.00
A-4 24,994.57 24,994.57 0.00 0.00 4,000,000.00
A-5 112,996.27 112,996.27 0.00 0.00 17,500,000.00
A-6 105,706.19 105,706.19 0.00 0.00 17,500,000.00
A-7 103,813.51 511,265.00 0.00 0.00 12,708,685.06
A-8 0.00 875.10 0.00 0.00 106,686.61
A-9-1 66,630.91 66,630.91 0.00 0.00 0.00
A-9-2 11,331.69 11,331.69 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,628.67 47,244.18 0.00 0.00 6,597,388.40
M-2 24,360.15 26,997.69 0.00 0.00 3,770,076.95
M-3 18,269.80 20,247.92 0.00 0.00 2,827,508.47
B-1 6,698.88 7,424.18 0.00 0.00 1,036,746.56
B-2 3,045.18 3,374.89 0.00 0.00 471,284.23
B-3 5,481.76 6,075.29 0.00 0.00 848,378.94
- -------------------------------------------------------------------------------
855,966.82 4,127,333.56 0.00 0.00 117,327,550.90
===============================================================================
Run: 02/26/99 10:50:54
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-1 416.220898 17.287707 2.600815 19.888522 0.000000 398.933191
A-2 356.389538 67.960361 2.226951 70.187312 0.000000 288.429177
A-3 1000.000000 0.000000 6.248642 6.248642 0.000000 1000.000000
A-4 1000.000000 0.000000 6.248643 6.248643 0.000000 1000.000000
A-5 1000.000000 0.000000 6.456930 6.456930 0.000000 1000.000000
A-6 1000.000000 0.000000 6.040354 6.040354 0.000000 1000.000000
A-7 598.227437 18.583876 4.734938 23.318814 0.000000 579.643560
A-8 688.340890 5.600200 0.000000 5.600200 0.000000 682.740690
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-1 985.815128 0.689191 6.365338 7.054529 0.000000 985.125937
M-2 985.815127 0.689193 6.365338 7.054531 0.000000 985.125934
M-3 985.815131 0.689192 6.365340 7.054532 0.000000 985.125939
B-1 985.815146 0.689187 6.365336 7.054523 0.000000 985.125960
B-2 985.815092 0.689193 6.365343 7.054536 0.000000 985.125899
B-3 985.815089 0.689187 6.365344 7.054531 0.000000 985.125890
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:50:54 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS7 (POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4255
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 24,671.27
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 34,998.91
MASTER SERVICER ADVANCES THIS MONTH 5,267.05
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 25 2,044,454.21
(B) TWO MONTHLY PAYMENTS: 5 704,327.51
(C) THREE OR MORE MONTHLY PAYMENTS: 3 842,674.57
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 829,394.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 117,327,550.90
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,182
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 661,283.32
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,187,040.67
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.08433220 % 10.95863300 % 1.95703520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.73326320 % 11.24627056 % 2.01023060 %
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 8.84801236
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.97
POOL TRADING FACTOR: 61.31806570
................................................................................
Run: 02/26/99 10:50:56 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 6,768,461.44 10.000000 % 741,027.66
A-4 76110FKX0 19,700,543.00 6,189,099.05 7.000000 % 3,705,138.92
A-5 76110FKY8 21,419,142.00 21,419,142.00 7.150000 % 0.00
A-6 76110FKZ5 6,323,320.00 6,323,320.00 7.250000 % 0.00
A-7 76110FLA9 16,496,308.00 16,496,308.00 7.250000 % 0.00
A-8 76110FLB7 25,998,036.00 13,595,515.64 7.500000 % 962,137.15
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 10,362.61 0.000000 % 9.94
A-12-1 0.00 0.00 0.951851 % 0.00
A-12-2 0.00 0.00 0.661138 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,531,071.42 7.500000 % 5,257.27
M-2 76110FLJ0 4,361,000.00 4,303,892.32 7.500000 % 3,004.45
M-3 76110FLK7 3,270,500.00 3,227,672.53 7.500000 % 2,253.17
B-1 1,199,000.00 1,183,298.98 7.500000 % 826.03
B-2 545,000.00 537,863.21 7.500000 % 375.47
B-3 981,461.72 829,899.67 7.500000 % 579.34
- -------------------------------------------------------------------------------
218,029,470.88 147,922,907.87 5,420,609.40
===============================================================================
_______________________________________________________________________________
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 56,144.78 797,172.44 0.00 0.00 6,027,433.78
A-4 35,937.25 3,741,076.17 0.00 0.00 2,483,960.13
A-5 127,036.20 127,036.20 0.00 0.00 21,419,142.00
A-6 38,027.92 38,027.92 0.00 0.00 6,323,320.00
A-7 99,207.41 99,207.41 0.00 0.00 16,496,308.00
A-8 84,581.68 1,046,718.83 0.00 0.00 12,633,378.49
A-9 30,588.03 30,588.03 0.00 0.00 5,000,001.00
A-10 339,104.01 339,104.01 0.00 0.00 54,507,000.00
A-11 0.00 9.94 0.00 0.00 10,352.67
A-12-1 88,891.85 88,891.85 0.00 0.00 0.00
A-12-2 19,380.91 19,380.91 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,853.00 52,110.27 0.00 0.00 7,525,814.15
M-2 26,775.78 29,780.23 0.00 0.00 4,300,887.87
M-3 20,080.29 22,333.46 0.00 0.00 3,225,419.36
B-1 7,361.65 8,187.68 0.00 0.00 1,182,472.95
B-2 3,346.21 3,721.68 0.00 0.00 537,487.74
B-3 5,163.05 5,742.39 0.00 0.00 829,320.33
- -------------------------------------------------------------------------------
1,028,480.02 6,449,089.42 0.00 0.00 142,502,298.47
===============================================================================
Run: 02/26/99 10:50:56
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-3 414.715098 45.404020 3.440086 48.844106 0.000000 369.311078
A-4 314.158805 188.072934 1.824176 189.897110 0.000000 126.085871
A-5 1000.000000 0.000000 5.930966 5.930966 0.000000 1000.000000
A-6 1000.000000 0.000000 6.013917 6.013917 0.000000 1000.000000
A-7 1000.000000 0.000000 6.013916 6.013916 0.000000 1000.000000
A-8 522.943950 37.008071 3.253387 40.261458 0.000000 485.935879
A-9 1000.000000 0.000000 6.117605 6.117605 0.000000 1000.000000
A-10 1000.000000 0.000000 6.221293 6.221293 0.000000 1000.000000
A-11 392.386960 0.376385 0.000000 0.376385 0.000000 392.010575
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-1 986.904917 0.688936 6.139824 6.828760 0.000000 986.215981
M-2 986.904912 0.688936 6.139826 6.828762 0.000000 986.215976
M-3 986.904917 0.688937 6.139823 6.828760 0.000000 986.215979
B-1 986.904904 0.688932 6.139825 6.828757 0.000000 986.215972
B-2 986.904972 0.688936 6.139835 6.828771 0.000000 986.216037
B-3 845.575179 0.590273 5.260572 5.850845 0.000000 844.984892
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:50:57 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 30,205.32
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 37,406.26
MASTER SERVICER ADVANCES THIS MONTH 1,141.84
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 3,934,979.11
(B) TWO MONTHLY PAYMENTS: 7 765,396.06
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 122,905.63
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 142,502,298.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,379
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 135,714.29
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,317,346.20
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.09181590 % 10.18347400 % 1.72470960 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.64744050 % 10.56272182 % 1.78907030 %
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 8.71266325
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.12
POOL TRADING FACTOR: 65.35919107
................................................................................
Run: 02/26/99 10:51:06 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 5,512,554.28 6.750000 % 3,936,545.90
A-3 76110FLN1 22,971,538.00 11,033,820.88 10.000000 % 715,735.60
A-4 76110FLP6 38,010,000.00 38,010,000.00 6.750000 % 0.00
A-5 76110FLQ4 17,163,462.00 17,163,462.00 6.750000 % 0.00
A-6 76110FLR2 29,977,000.00 29,977,000.00 7.250000 % 0.00
A-7 76110FLS0 16,065,000.00 16,065,000.00 7.250000 % 0.00
A-8 76110FLT8 54,645,000.00 54,645,000.00 7.250000 % 0.00
A-9-1 0.00 0.00 1.044425 % 0.00
A-9-2 0.00 0.00 0.762781 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,038,804.38 7.250000 % 5,762.51
M-2 76110FLX9 5,420,000.00 5,359,202.90 7.250000 % 3,841.67
M-3 76110FLY2 4,065,000.00 4,019,402.17 7.250000 % 2,881.26
B-1 1,490,500.00 1,473,780.77 7.250000 % 1,056.46
B-2 677,500.00 669,900.36 7.250000 % 480.21
B-3 1,219,925.82 1,206,241.72 7.250000 % 864.67
- -------------------------------------------------------------------------------
271,005,025.82 193,174,169.46 4,667,168.28
===============================================================================
_______________________________________________________________________________
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 30,989.05 3,967,534.95 0.00 0.00 1,576,008.38
A-3 91,891.96 807,627.56 0.00 0.00 10,318,085.28
A-4 213,674.77 213,674.77 0.00 0.00 38,010,000.00
A-5 96,485.10 96,485.10 0.00 0.00 17,163,462.00
A-6 180,999.66 180,999.66 0.00 0.00 29,977,000.00
A-7 96,999.69 96,999.69 0.00 0.00 16,065,000.00
A-8 329,943.85 329,943.85 0.00 0.00 54,645,000.00
A-9-1 138,247.61 138,247.61 0.00 0.00 0.00
A-9-2 21,748.63 21,748.63 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,537.91 54,300.42 0.00 0.00 8,033,041.87
M-2 32,358.61 36,200.28 0.00 0.00 5,355,361.23
M-3 24,268.96 27,150.22 0.00 0.00 4,016,520.91
B-1 8,898.61 9,955.07 0.00 0.00 1,472,724.31
B-2 4,044.82 4,525.03 0.00 0.00 669,420.15
B-3 7,283.23 8,147.90 0.00 0.00 1,193,597.52
- -------------------------------------------------------------------------------
1,326,372.46 5,993,540.74 0.00 0.00 188,495,221.65
===============================================================================
Run: 02/26/99 10:51:06
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-2 316.449729 225.978525 1.778935 227.757460 0.000000 90.471204
A-3 480.325735 31.157496 4.000253 35.157749 0.000000 449.168239
A-4 1000.000000 0.000000 5.621541 5.621541 0.000000 1000.000000
A-5 1000.000000 0.000000 5.621541 5.621541 0.000000 1000.000000
A-6 1000.000000 0.000000 6.037951 6.037951 0.000000 1000.000000
A-7 1000.000000 0.000000 6.037951 6.037951 0.000000 1000.000000
A-8 1000.000000 0.000000 6.037951 6.037951 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-1 988.782827 0.708796 5.970223 6.679019 0.000000 988.074031
M-2 988.782823 0.708795 5.970223 6.679018 0.000000 988.074028
M-3 988.782822 0.708797 5.970224 6.679021 0.000000 988.074025
B-1 988.782804 0.708796 5.970218 6.679014 0.000000 988.074009
B-2 988.782819 0.708797 5.970214 6.679011 0.000000 988.074022
B-3 988.782843 0.708789 5.970224 6.679013 0.000000 978.418115
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:51:07 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4263
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 43,687.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,985.32
SUBSERVICER ADVANCES THIS MONTH 51,011.54
MASTER SERVICER ADVANCES THIS MONTH 540.54
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 48 5,041,830.14
(B) TWO MONTHLY PAYMENTS: 9 646,281.22
(C) THREE OR MORE MONTHLY PAYMENTS: 7 631,643.22
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 396,589.39
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 188,495,221.65
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,887
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 75,521.81
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,430,902.35
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.24942590 % 9.01642800 % 1.73414640 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.99671520 % 9.23361550 % 1.76966930 %
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 8.60129064
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.28
POOL TRADING FACTOR: 69.55414243
................................................................................
Run: 02/26/99 10:51:08 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 199,969,492.00 112,260,993.65 7.250000 % 8,323,076.57
A-2 76110FMP5 10,000,000.00 10,000,000.00 7.250000 % 0.00
A-3 7611OFMQ3 25,143,000.00 25,143,000.00 7.250000 % 0.00
A-4 7611OFMR1 64,916,508.00 64,016,757.04 7.250000 % 45,181.65
A-5 7611OFMS9 76,250.57 74,227.97 0.000000 % 9,050.98
A-6-1 0.00 0.00 1.013588 % 0.00
A-6-2 0.00 0.00 0.706636 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,462,017.74 7.250000 % 7,393.76
M-2 7611OFMW0 6,524,000.00 6,437,861.15 7.250000 % 4,549.79
M-3 7611OFMX8 4,893,000.00 4,828,395.83 7.250000 % 3,412.35
B-1 7611OFMY6 1,794,000.00 1,770,313.12 7.250000 % 1,251.12
B-2 7611OFMZ3 816,000.00 805,226.03 7.250000 % 569.07
B-3 7611OFNA7 1,468,094.11 1,431,599.54 7.250000 % 1,011.76
- -------------------------------------------------------------------------------
326,202,444.68 237,230,392.07 8,395,497.05
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 677,848.51 9,000,925.08 0.00 0.00 103,937,917.08
A-2 60,381.49 60,381.49 0.00 0.00 10,000,000.00
A-3 151,817.16 151,817.16 0.00 0.00 25,143,000.00
A-4 386,542.67 431,724.32 0.00 0.00 63,971,575.39
A-5 0.00 9,050.98 0.00 0.00 65,176.99
A-6-1 155,672.03 155,672.03 0.00 0.00 0.00
A-6-2 31,086.16 31,086.16 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 63,171.21 70,564.97 0.00 0.00 10,454,623.98
M-2 38,872.76 43,422.55 0.00 0.00 6,433,311.36
M-3 29,154.57 32,566.92 0.00 0.00 4,824,983.48
B-1 10,689.41 11,940.53 0.00 0.00 1,769,062.00
B-2 4,862.08 5,431.15 0.00 0.00 804,656.96
B-3 8,644.21 9,655.97 0.00 0.00 1,430,587.78
- -------------------------------------------------------------------------------
1,618,742.26 10,014,239.31 0.00 0.00 228,834,895.02
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 561.390603 41.621732 3.389760 45.011492 0.000000 519.768871
A-2 1000.000000 0.000000 6.038149 6.038149 0.000000 1000.000000
A-3 1000.000000 0.000000 6.038148 6.038148 0.000000 1000.000000
A-4 986.139874 0.695996 5.954459 6.650455 0.000000 985.443878
A-5 973.474297 118.700490 0.000000 118.700490 0.000000 854.773807
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-1 986.796618 0.697393 5.958424 6.655817 0.000000 986.099225
M-2 986.796620 0.697393 5.958424 6.655817 0.000000 986.099228
M-3 986.796614 0.697394 5.958424 6.655818 0.000000 986.099219
B-1 986.796611 0.697391 5.958423 6.655814 0.000000 986.099220
B-2 986.796605 0.697390 5.958431 6.655821 0.000000 986.099216
B-3 975.141532 0.689159 5.888049 6.577208 0.000000 974.452367
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:51:09 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS10 (POOL # 4264)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4264
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 48,709.97
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 55,548.02
MASTER SERVICER ADVANCES THIS MONTH 4,289.87
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 4,371,524.73
(B) TWO MONTHLY PAYMENTS: 12 1,119,107.95
(C) THREE OR MORE MONTHLY PAYMENTS: 6 890,601.43
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 785,366.92
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 228,834,895.02
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,183
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 562,695.06
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,227,834.98
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.14832620 % 9.16201100 % 1.68966250 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.75846600 % 9.48846496 % 1.75036570 %
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 8.52534210
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.40
POOL TRADING FACTOR: 70.15118947
................................................................................
Run: 02/26/99 10:51:11 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 74,133,981.60 7.000000 % 1,909,429.61
A-2 7611OFMD2 43,142.76 35,649.59 0.000000 % 237.81
A-3-1 0.00 0.00 1.078875 % 0.00
A-3-2 0.00 0.00 0.658574 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,894,766.09 7.000000 % 10,318.56
M-2 7611OFMH3 892,000.00 848,547.92 7.000000 % 3,024.70
M-3 7611OFMJ9 419,700.00 399,255.13 7.000000 % 1,423.17
B-1 7611OFMK6 367,000.00 349,122.31 7.000000 % 1,244.47
B-2 7611OFML4 262,400.00 249,617.66 7.000000 % 889.78
B-3 7611OFMM2 263,388.53 250,558.02 7.000000 % 893.12
- -------------------------------------------------------------------------------
104,940,731.29 79,161,498.32 1,927,461.22
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 431,974.52 2,341,404.13 0.00 0.00 72,224,551.99
A-2 0.00 237.81 0.00 0.00 35,411.78
A-3-1 56,664.61 56,664.61 0.00 0.00 0.00
A-3-2 8,807.56 8,807.56 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,867.64 27,186.20 0.00 0.00 2,884,447.53
M-2 4,944.44 7,969.14 0.00 0.00 845,523.22
M-3 2,326.44 3,749.61 0.00 0.00 397,831.96
B-1 2,034.32 3,278.79 0.00 0.00 347,877.84
B-2 1,454.50 2,344.28 0.00 0.00 248,727.88
B-3 1,459.99 2,353.11 0.00 0.00 249,664.90
- -------------------------------------------------------------------------------
526,534.02 2,453,995.24 0.00 0.00 77,234,037.10
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 743.943619 19.161361 4.334917 23.496278 0.000000 724.782258
A-2 826.316861 5.512165 0.000000 5.512165 0.000000 820.804696
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-1 951.286918 3.390917 5.543096 8.934013 0.000000 947.896001
M-2 951.286906 3.390919 5.543094 8.934013 0.000000 947.895987
M-3 951.286943 3.390922 5.543102 8.934024 0.000000 947.896021
B-1 951.286948 3.390926 5.543106 8.934032 0.000000 947.896022
B-2 951.286814 3.390930 5.543064 8.933994 0.000000 947.895884
B-3 951.286755 3.390922 5.543104 8.934026 0.000000 947.895871
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:51:11 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS11 (POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4265
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 16,351.11
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,099.14
SUBSERVICER ADVANCES THIS MONTH 20,571.60
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 1,712,620.25
(B) TWO MONTHLY PAYMENTS: 2 219,959.64
(C) THREE OR MORE MONTHLY PAYMENTS: 2 77,006.97
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 77,234,037.10
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 921
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,645,201.44
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.69123090 % 5.23541800 % 1.07335090 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.55678510 % 5.34453832 % 1.09622500 %
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 8.31959501
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 156.85
POOL TRADING FACTOR: 73.59776909
................................................................................
Run: 02/26/99 10:51:21 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 13,389,165.78 9.000000 % 693,329.32
A-3 76110FND1 62,824,125.00 57,282,986.49 7.000000 % 4,853,305.21
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 58,724,019.84 7.250000 % 101,258.37
A-8-1 0.00 0.00 0.930570 % 0.00
A-8-2 0.00 0.00 0.766015 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,328,983.96 7.250000 % 7,419.74
M-2 76110FNL3 4,471,600.00 4,426,763.98 7.250000 % 3,179.93
M-3 76110FNM1 4,471,500.00 4,426,664.98 7.250000 % 3,179.86
B-1 76110FNN9 1,639,600.00 1,623,160.00 7.250000 % 1,165.98
B-2 76110FNP4 745,200.00 737,727.99 7.250000 % 529.94
B-3 76110FNQ2 1,341,561.05 1,328,109.43 7.250000 % 954.04
- -------------------------------------------------------------------------------
298,104,002.05 225,144,741.45 5,664,322.39
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 100,361.60 793,690.92 0.00 0.00 12,695,836.46
A-3 333,960.62 5,187,265.83 0.00 0.00 52,429,681.28
A-4 139,105.85 139,105.85 0.00 0.00 24,294,118.00
A-5 156,993.95 156,993.95 0.00 0.00 26,000,000.00
A-6 136,361.58 136,361.58 0.00 0.00 22,583,041.00
A-7 354,589.07 455,847.44 0.00 0.00 58,622,761.47
A-8-1 138,671.00 138,671.00 0.00 0.00 0.00
A-8-2 29,488.96 29,488.96 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,368.77 69,788.51 0.00 0.00 10,321,564.22
M-2 26,729.81 29,909.74 0.00 0.00 4,423,584.05
M-3 26,729.21 29,909.07 0.00 0.00 4,423,485.12
B-1 9,801.01 10,966.99 0.00 0.00 1,621,994.02
B-2 4,454.57 4,984.51 0.00 0.00 737,198.05
B-3 8,019.42 8,973.46 0.00 0.00 1,273,227.27
- -------------------------------------------------------------------------------
1,527,635.42 7,191,957.81 0.00 0.00 219,426,490.94
===============================================================================
Run: 02/26/99 10:51:21
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-2 597.577033 30.944249 4.479277 35.423526 0.000000 566.632784
A-3 911.799193 77.252253 5.315802 82.568055 0.000000 834.546940
A-4 1000.000000 0.000000 5.725907 5.725907 0.000000 1000.000000
A-5 1000.000000 0.000000 6.038229 6.038229 0.000000 1000.000000
A-6 1000.000000 0.000000 6.038229 6.038229 0.000000 1000.000000
A-7 989.973159 1.707020 5.977684 7.684704 0.000000 988.266139
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-1 989.973160 0.711139 5.977685 6.688824 0.000000 989.262021
M-2 989.973159 0.711139 5.977684 6.688823 0.000000 989.262020
M-3 989.973159 0.711139 5.977683 6.688822 0.000000 989.262020
B-1 989.973164 0.711137 5.977684 6.688821 0.000000 989.262027
B-2 989.973148 0.711138 5.977684 6.688822 0.000000 989.262010
B-3 989.973159 0.711142 5.977678 6.688820 0.000000 949.063977
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:51:22 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS12 (POOL # 4270)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4270
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 46,323.77
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 56,022.95
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 5,040,421.07
(B) TWO MONTHLY PAYMENTS: 8 815,779.62
(C) THREE OR MORE MONTHLY PAYMENTS: 4 631,393.46
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 964,674.31
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 219,426,490.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,096
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 5,299,111.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.84146370 % 8.52003600 % 1.63850040 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.60879670 % 8.73578815 % 1.65541510 %
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 8.48071848
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.58
POOL TRADING FACTOR: 73.60736167
................................................................................
Run: 02/26/99 10:51:28 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 21,777,049.70 7.250000 % 985,742.51
A-2 76110FNT6 30,750,000.00 5,277,862.13 7.250000 % 2,582,709.06
A-3 76110FNU3 40,799,000.00 40,799,000.00 7.250000 % 0.00
A-4 76110FNV1 6,745,000.00 6,745,000.00 7.250000 % 0.00
A-5 76110FNW9 4,235,415.00 4,235,415.00 7.250000 % 0.00
A-6 76110FNX7 10,499,000.00 10,499,000.00 7.250000 % 0.00
A-7 76110fNY5 62,999,000.00 62,370,234.18 7.250000 % 45,314.61
A-8 76110FNZ2 15,495,000.00 0.00 7.250000 % 0.00
A-9 76110FPA5 68,339,000.00 57,959,210.90 7.000000 % 2,623,535.27
A-10 76110fPB3 0.00 0.00 7.250000 % 0.00
A-11 76110FPC1 100,038,312.00 76,517,007.10 0.000000 % 2,378,752.03
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 2.258760 % 0.00
A-14 76110FPF4 0.00 0.00 12.241240 % 0.00
A-15 76110FPG2 26,249,000.00 18,147,426.18 7.000000 % 821,446.88
A-16 76110FPH0 2,386,273.00 1,649,766.21 10.000000 % 74,677.00
A-17 76110FPJ6 139,012.74 131,240.42 0.000000 % 137.44
A-18-1 0.00 0.00 0.912178 % 0.00
A-18-2 0.00 0.00 0.655747 % 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 16,104,646.10 7.250000 % 11,700.71
M-2 76110FPP2 5,422,000.00 5,367,885.35 7.250000 % 3,900.00
M-3 76110FPQ0 6,507,000.00 6,442,056.45 7.250000 % 4,680.43
B-1 76110FPR8 2,386,000.00 2,362,186.36 7.250000 % 1,716.23
B-2 76110FPS6 1,085,000.00 1,074,171.09 7.250000 % 780.43
B-3 76110FPT4 1,952,210.06 1,932,725.86 7.250000 % 1,404.18
- -------------------------------------------------------------------------------
433,792,422.80 339,391,883.03 9,536,496.78
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 131,424.59 1,117,167.10 0.00 0.00 20,791,307.19
A-2 31,851.92 2,614,560.98 0.00 0.00 2,695,153.07
A-3 246,222.14 246,222.14 0.00 0.00 40,799,000.00
A-4 40,706.10 40,706.10 0.00 0.00 6,745,000.00
A-5 25,560.75 25,560.75 0.00 0.00 4,235,415.00
A-6 63,361.51 63,361.51 0.00 0.00 10,499,000.00
A-7 376,404.62 421,719.23 0.00 0.00 62,324,919.57
A-8 0.00 0.00 0.00 0.00 0.00
A-9 337,722.57 2,961,257.84 0.00 0.00 55,335,675.63
A-10 12,061.52 12,061.52 0.00 0.00 0.00
A-11 0.00 2,378,752.03 0.00 0.00 74,138,255.07
A-12 230,890.24 230,890.24 0.00 0.00 0.00
A-13 35,967.28 35,967.28 0.00 0.00 0.00
A-14 194,922.94 194,922.94 0.00 0.00 0.00
A-15 105,743.25 927,190.13 0.00 0.00 17,325,979.30
A-16 13,732.89 88,409.89 0.00 0.00 1,575,089.21
A-17 0.00 137.44 0.00 0.00 131,102.98
A-18-1 195,247.52 195,247.52 0.00 0.00 0.00
A-18-2 44,898.52 44,898.52 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 97,191.60 108,892.31 0.00 0.00 16,092,945.39
M-2 32,395.21 36,295.21 0.00 0.00 5,363,985.35
M-3 38,877.84 43,558.27 0.00 0.00 6,437,376.02
B-1 14,255.80 15,972.03 0.00 0.00 2,360,470.13
B-2 6,482.62 7,263.05 0.00 0.00 1,073,390.66
B-3 11,664.01 13,068.19 0.00 0.00 1,931,321.68
- -------------------------------------------------------------------------------
2,287,585.44 11,824,082.22 0.00 0.00 329,855,386.25
===============================================================================
Run: 02/26/99 10:51:28
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-1 691.356859 31.294406 4.172342 35.466748 0.000000 660.062453
A-2 171.637793 83.990539 1.035835 85.026374 0.000000 87.647254
A-3 1000.000000 0.000000 6.035004 6.035004 0.000000 1000.000000
A-4 1000.000000 0.000000 6.035004 6.035004 0.000000 1000.000000
A-5 1000.000000 0.000000 6.035005 6.035005 0.000000 1000.000000
A-6 1000.000000 0.000000 6.035004 6.035004 0.000000 1000.000000
A-7 990.019432 0.719291 5.974771 6.694062 0.000000 989.300141
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 848.113243 38.390016 4.941872 43.331888 0.000000 809.723227
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 764.877031 23.778410 0.000000 23.778410 0.000000 741.098621
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-15 691.356859 31.294406 4.028468 35.322874 0.000000 660.062452
A-16 691.356861 31.294406 5.754953 37.049359 0.000000 660.062454
A-17 944.089153 0.988686 0.000000 0.988686 0.000000 943.100467
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-1 990.019432 0.719291 5.974771 6.694062 0.000000 989.300141
M-2 990.019430 0.719292 5.974771 6.694063 0.000000 989.300138
M-3 990.019433 0.719292 5.974772 6.694064 0.000000 989.300141
B-1 990.019430 0.719292 5.974769 6.694061 0.000000 989.300138
B-2 990.019438 0.719290 5.974765 6.694055 0.000000 989.300148
B-3 990.019414 0.719292 5.974772 6.694064 0.000000 989.300139
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:51:29 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS13 (POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4277
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 69,736.48
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 68,722.78
MASTER SERVICER ADVANCES THIS MONTH 1,800.36
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 65 7,313,881.98
(B) TWO MONTHLY PAYMENTS: 5 536,212.24
(C) THREE OR MORE MONTHLY PAYMENTS: 3 731,630.44
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 561,472.09
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 329,855,386.26
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,993
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 231,461.77
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 9,289,893.76
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.18935090 % 8.22806600 % 1.58258360 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.91293910 % 8.45652608 % 1.62717240 %
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 8.37592882
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 339.49
POOL TRADING FACTOR: 76.03991424
................................................................................
Run: 02/26/99 10:51:35 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 34,162,175.39 7.000000 % 3,470,359.54
A-2 76110FPV9 117,395,000.00 84,396,069.90 7.000000 % 3,796,539.51
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 1.129397 % 0.00
A-6-2 0.00 0.00 0.935019 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,257,122.36 7.000000 % 8,204.53
M-2 76110FQD8 4,054,000.00 4,020,294.61 7.000000 % 2,930.11
M-3 76110FQE6 4,865,000.00 4,824,551.84 7.000000 % 3,516.28
B-1 76110FQF3 1,783,800.00 1,768,969.29 7.000000 % 1,289.28
B-2 76110FQG1 810,800.00 804,058.92 7.000000 % 586.02
B-3 76110FQH9 1,459,579.11 1,447,443.99 7.000000 % 1,054.93
- -------------------------------------------------------------------------------
324,327,779.11 260,962,686.30 7,284,480.20
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 199,041.96 3,669,401.50 0.00 0.00 30,691,815.85
A-2 491,723.92 4,288,263.43 0.00 0.00 80,599,530.39
A-3 299,359.62 299,359.62 0.00 0.00 51,380,000.00
A-4 10,848.73 10,848.73 0.00 0.00 1,862,000.00
A-5 378,948.02 378,948.02 0.00 0.00 65,040,000.00
A-6-1 182,660.51 182,660.51 0.00 0.00 0.00
A-6-2 51,872.04 51,872.04 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,588.32 73,792.85 0.00 0.00 11,248,917.83
M-2 23,423.78 26,353.89 0.00 0.00 4,017,364.50
M-3 28,109.69 31,625.97 0.00 0.00 4,821,035.56
B-1 10,306.70 11,595.98 0.00 0.00 1,767,680.01
B-2 4,684.75 5,270.77 0.00 0.00 803,472.90
B-3 8,433.36 9,488.29 0.00 0.00 1,446,389.06
- -------------------------------------------------------------------------------
1,755,001.40 9,039,481.60 0.00 0.00 253,678,206.10
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 531.078808 53.949562 3.094269 57.043831 0.000000 477.129246
A-2 718.906852 32.339874 4.188627 36.528501 0.000000 686.566978
A-3 1000.000000 0.000000 5.826384 5.826384 0.000000 1000.000000
A-4 1000.000000 0.000000 5.826386 5.826386 0.000000 1000.000000
A-5 1000.000000 0.000000 5.826384 5.826384 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-1 991.685888 0.722771 5.777943 6.500714 0.000000 990.963118
M-2 991.685893 0.722770 5.777943 6.500713 0.000000 990.963123
M-3 991.685887 0.722771 5.777942 6.500713 0.000000 990.963116
B-1 991.685890 0.722772 5.777946 6.500718 0.000000 990.963118
B-2 991.685890 0.722768 5.777935 6.500703 0.000000 990.963123
B-3 991.685877 0.722756 5.777940 6.500696 0.000000 990.963114
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:51:35 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS1 (POOL # 4281)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4281
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 53,724.68
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 50,889.89
MASTER SERVICER ADVANCES THIS MONTH 913.98
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 4,208,324.05
(B) TWO MONTHLY PAYMENTS: 7 1,275,802.80
(C) THREE OR MORE MONTHLY PAYMENTS: 7 543,528.59
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 722,735.33
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 253,678,206.10
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,239
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 118,688.63
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,094,282.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.75636390 % 7.70300500 % 1.54063110 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.49785940 % 7.91842476 % 1.58371590 %
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 8.36173152
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.28
POOL TRADING FACTOR: 78.21661370
................................................................................
Run: 02/26/99 10:51:39 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 14,240,439.28 6.750000 % 750,356.47
A-2 76110FQK2 158,282,400.00 112,700,545.28 6.500000 % 5,938,411.12
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 29,919,313.31 5.539690 % 1,168,552.64
A-5 76110FQN6 0.00 0.00 3.486085 % 0.00
A-6 76110FQP1 13,504,750.00 10,358,877.92 5.439690 % 409,844.70
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 136,128.04 0.000000 % 155.86
A-9-1 0.00 0.00 1.059451 % 0.00
A-9-2 0.00 0.00 0.770691 % 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 17,218,921.56 7.000000 % 12,349.74
M-2 76110FQW6 5,422,000.00 5,380,788.94 7.000000 % 3,859.21
M-3 76110FQX4 5,422,000.00 5,380,788.94 7.000000 % 3,859.21
B-1 76110FQY2 2,385,700.00 2,367,566.98 7.000000 % 1,698.06
B-2 76110FQZ9 1,084,400.00 1,076,157.81 7.000000 % 771.84
B-3 76110FRA3 1,952,351.82 1,937,512.51 7.000000 % 1,389.62
- -------------------------------------------------------------------------------
433,770,084.51 370,054,940.57 8,291,248.47
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 80,086.61 830,443.08 0.00 0.00 13,490,082.81
A-2 610,340.45 6,548,751.57 0.00 0.00 106,762,134.16
A-3 464,443.04 464,443.04 0.00 0.00 82,584,000.00
A-4 138,092.43 1,306,645.07 0.00 0.00 28,750,760.67
A-5 116,987.84 116,987.84 0.00 0.00 0.00
A-6 46,948.27 456,792.97 0.00 0.00 9,949,033.22
A-7 505,964.24 505,964.24 0.00 0.00 86,753,900.00
A-8 0.00 155.86 0.00 0.00 135,972.18
A-9-1 230,749.90 230,749.90 0.00 0.00 0.00
A-9-2 69,760.47 69,760.47 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 100,423.83 112,773.57 0.00 0.00 17,206,571.82
M-2 31,381.73 35,240.94 0.00 0.00 5,376,929.73
M-3 31,381.73 35,240.94 0.00 0.00 5,376,929.73
B-1 13,808.08 15,506.14 0.00 0.00 2,365,868.92
B-2 6,276.35 7,048.19 0.00 0.00 1,075,385.97
B-3 11,299.92 12,689.54 0.00 0.00 1,936,122.89
- -------------------------------------------------------------------------------
2,457,944.89 10,749,193.36 0.00 0.00 361,763,692.10
===============================================================================
Run: 02/26/99 10:51:39
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-1 712.021964 37.517823 4.004331 41.522154 0.000000 674.504141
A-2 712.021964 37.517823 3.856022 41.373845 0.000000 674.504141
A-3 1000.000000 0.000000 5.623886 5.623886 0.000000 1000.000000
A-4 769.354540 30.048526 3.550952 33.599478 0.000000 739.306014
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 767.054401 30.348189 3.476426 33.824615 0.000000 736.706212
A-7 1000.000000 0.000000 5.832179 5.832179 0.000000 1000.000000
A-8 981.225405 1.123455 0.000000 1.123455 0.000000 980.101950
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-1 992.399288 0.711768 5.787850 6.499618 0.000000 991.687520
M-2 992.399288 0.711769 5.787851 6.499620 0.000000 991.687519
M-3 992.399288 0.711769 5.787851 6.499620 0.000000 991.687519
B-1 992.399287 0.711766 5.787853 6.499619 0.000000 991.687522
B-2 992.399308 0.711767 5.787855 6.499622 0.000000 991.687542
B-3 992.399264 0.711767 5.787850 6.499617 0.000000 991.687497
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:51:39 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS2 (POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4284
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 76,306.71
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 93,346.30
MASTER SERVICER ADVANCES THIS MONTH 419.40
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 59 8,367,739.77
(B) TWO MONTHLY PAYMENTS: 7 1,090,542.38
(C) THREE OR MORE MONTHLY PAYMENTS: 16 2,038,129.01
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,002,270.40
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 361,763,692.11
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,088
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 57,079.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,025,781.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.98133550 % 7.56395700 % 1.45470770 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.78117990 % 7.72892136 % 1.48699270 %
BANKRUPTCY AMOUNT AVAILABLE 234,815.00
FRAUD AMOUNT AVAILABLE 8,675,402.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,337,701.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.25062362
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.76
POOL TRADING FACTOR: 83.39987127
................................................................................
Run: 02/26/99 10:53:32 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 99,228,849.41 6.500000 % 1,689,787.25
A-2 76110FRC9 34,880,737.00 26,317,631.19 6.500000 % 658,125.19
A-3-1 0.00 0.00 1.251581 % 0.00
A-3-2 0.00 0.00 1.029647 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,791,346.18 6.500000 % 12,991.05
M-2 76110FRG0 785,100.00 757,979.62 6.500000 % 2,597.22
M-3 76110FRH8 707,000.00 682,577.49 6.500000 % 2,338.85
B-1 76110FRJ4 471,200.00 454,922.91 6.500000 % 1,558.79
B-2 76110FRK1 314,000.00 303,153.22 6.500000 % 1,038.75
B-3 76110FRL9 471,435.62 455,150.42 6.500000 % 1,559.57
- -------------------------------------------------------------------------------
157,074,535.62 131,991,610.44 2,369,996.67
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 537,066.58 2,226,853.83 0.00 0.00 97,539,062.16
A-2 142,441.65 800,566.84 0.00 0.00 25,659,506.00
A-3-1 106,417.65 106,417.65 0.00 0.00 0.00
A-3-2 25,617.49 25,617.49 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,520.30 33,511.35 0.00 0.00 3,778,355.13
M-2 4,102.49 6,699.71 0.00 0.00 755,382.40
M-3 3,694.38 6,033.23 0.00 0.00 680,238.64
B-1 2,462.23 4,021.02 0.00 0.00 453,364.12
B-2 1,640.79 2,679.54 0.00 0.00 302,114.47
B-3 2,463.46 4,023.03 0.00 0.00 453,590.83
- -------------------------------------------------------------------------------
846,427.02 3,216,423.69 0.00 0.00 129,621,613.75
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 858.990644 14.627918 4.649204 19.277122 0.000000 844.362726
A-2 754.503300 18.867869 4.083677 22.951546 0.000000 735.635431
A-3-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 965.456119 3.308136 5.225439 8.533575 0.000000 962.147983
M-2 965.456146 3.308139 5.225436 8.533575 0.000000 962.148007
M-3 965.456139 3.308133 5.225431 8.533564 0.000000 962.148006
B-1 965.456091 3.308128 5.225446 8.533574 0.000000 962.147963
B-2 965.456115 3.308121 5.225446 8.533567 0.000000 962.147994
B-3 965.456153 3.308129 5.225443 8.533572 0.000000 962.147981
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:53:33 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS3 (POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4285
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 27,456.80
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 444.18
SUBSERVICER ADVANCES THIS MONTH 25,765.28
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 16 2,068,275.39
(B) TWO MONTHLY PAYMENTS: 2 150,486.37
(C) THREE OR MORE MONTHLY PAYMENTS: 1 96,799.39
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 360,926.42
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 129,621,613.75
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,409
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 1,917,727.23
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.11701550 % 3.96381500 % 0.91916940 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.04477270 % 4.02245892 % 0.93276840 %
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 7.98024400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 161.95
POOL TRADING FACTOR: 82.52236000
................................................................................
Run: 02/26/99 10:53:34 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 99,605,468.28 6.500000 % 3,770,544.25
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 32,367,922.05 5.439690 % 942,636.06
A-I-4 76110FRQ8 0.00 0.00 3.560310 % 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 66,139,265.10 7.000000 % 1,329,623.75
A-V-1 0.00 0.00 0.896453 % 0.00
A-V-2 0.00 0.00 0.665405 % 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 14,072,761.81 7.000000 % 10,311.03
M-2 76110FRY1 5,067,800.00 5,025,929.69 7.000000 % 3,682.47
M-3 76110FRZ8 5,067,800.00 5,025,929.69 7.000000 % 3,682.47
B-1 76110FSA2 2,230,000.00 2,211,575.67 7.000000 % 1,620.41
B-2 76110FSB0 1,216,400.00 1,206,350.07 7.000000 % 883.89
B-3 76110FSC8 1,621,792.30 1,608,393.03 7.000000 % 1,178.46
- -------------------------------------------------------------------------------
405,421,992.30 351,864,040.39 6,064,162.79
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 539,436.63 4,309,980.88 0.00 0.00 95,834,924.03
A-I-2 335,937.09 335,937.09 0.00 0.00 59,732,445.00
A-I-3 146,700.93 1,089,336.99 0.00 0.00 31,425,285.99
A-I-4 96,016.65 96,016.65 0.00 0.00 0.00
A-I-5 378,331.46 378,331.46 0.00 0.00 64,868,000.00
A-II 385,749.12 1,715,372.87 0.00 0.00 64,809,641.35
A-V-1 206,443.60 206,443.60 0.00 0.00 0.00
A-V-2 41,841.84 41,841.84 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 82,075.23 92,386.26 0.00 0.00 14,062,450.78
M-2 29,312.25 32,994.72 0.00 0.00 5,022,247.22
M-3 29,312.25 32,994.72 0.00 0.00 5,022,247.22
B-1 12,898.36 14,518.77 0.00 0.00 2,209,955.26
B-2 7,035.68 7,919.57 0.00 0.00 1,205,466.18
B-3 9,380.47 10,558.93 0.00 0.00 1,607,214.58
- -------------------------------------------------------------------------------
2,300,471.56 8,364,634.35 0.00 0.00 345,799,877.61
===============================================================================
Run: 02/26/99 10:53:34
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-1 737.783307 27.928633 3.995638 31.924271 0.000000 709.854674
A-I-2 1000.000000 0.000000 5.624031 5.624031 0.000000 1000.000000
A-I-3 785.283137 22.869438 3.559134 26.428572 0.000000 762.413698
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.832328 5.832328 0.000000 1000.000000
A-II 879.476418 17.680462 5.129438 22.809900 0.000000 861.795957
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-1 991.737971 0.726641 5.784019 6.510660 0.000000 991.011331
M-2 991.737971 0.726641 5.784018 6.510659 0.000000 991.011330
M-3 991.737971 0.726641 5.784018 6.510659 0.000000 991.011330
B-1 991.737969 0.726641 5.784020 6.510661 0.000000 991.011327
B-2 991.737973 0.726644 5.784017 6.510661 0.000000 991.011329
B-3 991.737986 0.726641 5.784017 6.510658 0.000000 991.011352
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:53:35 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS4 (POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4290
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 72,795.55
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,777.03
SUBSERVICER ADVANCES THIS MONTH 71,699.24
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 60 7,343,138.39
(B) TWO MONTHLY PAYMENTS: 6 1,116,691.30
(C) THREE OR MORE MONTHLY PAYMENTS: 7 697,643.16
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 433,788.36
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 345,799,877.61
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,991
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,806,375.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.71528300 % 6.85623400 % 1.42848320 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.57617360 % 6.97135736 % 1.45246900 %
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 8.17490800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.60
POOL TRADING FACTOR: 85.29381340
................................................................................
Run: 02/26/99 10:51:48 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 151,551,000.00 118,950,707.08 6.750000 % 4,701,615.79
A-2 76110FSE4 75,936,500.00 75,936,500.00 6.750000 % 0.00
A-3 76110FSF1 17,485,800.00 17,485,800.00 6.750000 % 0.00
A-4 76110FSG9 13,164,700.00 13,164,700.00 6.750000 % 0.00
A-5 76110FSH7 67,790,000.00 67,790,000.00 6.750000 % 0.00
A-6-1 0.00 0.00 1.073344 % 0.00
A-6-2 0.00 0.00 0.867063 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,572,179.35 6.750000 % 14,390.56
M-2 76110FSM6 4,216,900.00 4,190,726.44 6.750000 % 4,796.85
M-3 76110FSN4 4,392,600.00 4,365,335.91 6.750000 % 4,996.72
B-1 76110FSP9 1,757,100.00 1,746,193.99 6.750000 % 1,998.75
B-2 76110FSQ7 1,054,300.00 1,047,756.15 6.750000 % 1,199.30
B-3 76110FSR5 1,405,623.28 1,396,898.81 6.750000 % 1,598.94
- -------------------------------------------------------------------------------
351,405,323.28 318,646,797.73 4,730,596.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 668,962.38 5,370,578.17 0.00 0.00 114,249,091.29
A-2 427,056.40 427,056.40 0.00 0.00 75,936,500.00
A-3 98,337.73 98,337.73 0.00 0.00 17,485,800.00
A-4 74,036.46 74,036.46 0.00 0.00 13,164,700.00
A-5 381,241.61 381,241.61 0.00 0.00 67,790,000.00
A-6-1 213,689.35 213,689.35 0.00 0.00 0.00
A-6-2 57,571.09 57,571.09 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 70,704.20 85,094.76 0.00 0.00 12,557,788.79
M-2 23,568.07 28,364.92 0.00 0.00 4,185,929.59
M-3 24,550.04 29,546.76 0.00 0.00 4,360,339.19
B-1 9,820.35 11,819.10 0.00 0.00 1,744,195.24
B-2 5,892.44 7,091.74 0.00 0.00 1,046,556.85
B-3 7,855.97 9,454.91 0.00 0.00 1,395,299.87
- -------------------------------------------------------------------------------
2,063,286.09 6,793,883.00 0.00 0.00 313,916,200.82
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 784.888962 31.023324 4.414107 35.437431 0.000000 753.865638
A-2 1000.000000 0.000000 5.623862 5.623862 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623862 5.623862 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623862 5.623862 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623862 5.623862 0.000000 1000.000000
A-6-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.793177 1.137531 5.588956 6.726487 0.000000 992.655647
M-2 993.793175 1.137530 5.588956 6.726486 0.000000 992.655645
M-3 993.793177 1.137531 5.588954 6.726485 0.000000 992.655646
B-1 993.793176 1.137528 5.588953 6.726481 0.000000 992.655649
B-2 993.793180 1.137532 5.588959 6.726491 0.000000 992.655648
B-3 993.793166 1.137531 5.588958 6.726489 0.000000 992.655635
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:51:48 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS5 (POOL # 4299)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4299
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 66,024.01
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 10,050.77
SUBSERVICER ADVANCES THIS MONTH 80,857.14
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 71 9,486,074.09
(B) TWO MONTHLY PAYMENTS: 4 413,038.38
(C) THREE OR MORE MONTHLY PAYMENTS: 6 494,151.46
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 710,639.55
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 313,916,200.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,559
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 4,365,862.63
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 129,199.51
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.05418320 % 6.63061500 % 1.31520200 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.94367490 % 6.72283161 % 1.33349340 %
BANKRUPTCY AMOUNT AVAILABLE 249,990.00
FRAUD AMOUNT AVAILABLE 7,028,106.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,514,053.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.10223356
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.42
POOL TRADING FACTOR: 89.33165778
................................................................................
Run: 02/26/99 10:53:36 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6(POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4301
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FSS3 20,174,375.00 18,143,600.99 6.750000 % 335,143.39
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 12,400,913.88 6.750000 % 643,475.31
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 119,897,102.38 6.750000 % 2,740,015.06
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 65,899,075.99 6.750000 % 2,278,030.46
NB-2 76110FTA1 4,494,000.00 0.00 6.750000 % 0.00
NB-3 76110FTB9 9,662,500.00 9,662,500.00 6.750000 % 0.00
NB-4 76110FTC7 10,000,000.00 8,390,416.74 6.750000 % 252,954.29
A-P 76110FTE3 57,464.36 55,162.20 0.000000 % 70.54
A-V-1 0.00 0.00 1.017951 % 0.00
A-V-2 0.00 0.00 0.781587 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 12,999,495.24 6.750000 % 9,403.11
M-2 76110FTH6 5,029,000.00 4,999,767.63 6.750000 % 3,616.55
M-3 76110FTJ2 4,224,500.00 4,199,944.00 6.750000 % 3,038.01
B-1 76110FTK9 2,011,600.00 1,999,907.06 6.750000 % 1,446.62
B-2 76110FTL7 1,207,000.00 1,199,984.00 6.750000 % 868.00
B-3 76110FTM5 1,609,449.28 1,600,093.83 6.750000 % 1,157.42
- -------------------------------------------------------------------------------
402,311,611.64 363,513,586.94 6,269,218.76
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 102,033.41 437,176.80 0.00 0.00 17,808,457.60
CB-2 221,083.37 221,083.37 0.00 0.00 39,313,092.00
CB-3 77,684.68 77,684.68 0.00 0.00 13,813,906.00
CB-4 69,738.49 713,213.80 0.00 0.00 11,757,438.57
CB-5 115,284.98 115,284.98 0.00 0.00 20,500,000.00
CB-6 674,260.27 3,414,275.33 0.00 0.00 117,157,087.32
CB-7 159,929.10 159,929.10 0.00 0.00 28,438,625.00
NB-1 370,650.26 2,648,680.72 0.00 0.00 63,621,045.53
NB-2 0.00 0.00 0.00 0.00 0.00
NB-3 54,346.86 54,346.86 0.00 0.00 9,662,500.00
NB-4 47,192.01 300,146.30 0.00 0.00 8,137,462.45
A-P 0.00 70.54 0.00 0.00 55,091.66
A-V-1 233,763.82 233,763.82 0.00 0.00 0.00
A-V-2 57,225.51 57,225.51 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,105.14 82,508.25 0.00 0.00 12,990,092.13
M-2 28,117.14 31,733.69 0.00 0.00 4,996,151.08
M-3 23,619.19 26,657.20 0.00 0.00 4,196,905.99
B-1 11,246.86 12,693.48 0.00 0.00 1,998,460.44
B-2 6,748.34 7,616.34 0.00 0.00 1,199,116.00
B-3 8,998.43 10,155.85 0.00 0.00 1,598,936.42
- -------------------------------------------------------------------------------
2,335,027.86 8,604,246.62 0.00 0.00 357,244,368.19
===============================================================================
Run: 02/26/99 10:53:36
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6(POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4301
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 899.338938 16.612331 5.057575 21.669906 0.000000 882.726607
CB-2 1000.000000 0.000000 5.623658 5.623658 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.623658 5.623658 0.000000 1000.000000
CB-4 760.792263 39.477013 4.278435 43.755448 0.000000 721.315250
CB-5 1000.000000 0.000000 5.623658 5.623658 0.000000 1000.000000
CB-6 878.367050 20.073370 4.939636 25.013006 0.000000 858.293680
CB-7 1000.000000 0.000000 5.623658 5.623658 0.000000 1000.000000
NB-1 868.229801 30.013379 4.883370 34.896749 0.000000 838.216422
NB-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-3 1000.000000 0.000000 5.624513 5.624513 0.000000 1000.000000
NB-4 839.041674 25.295429 4.719201 30.014630 0.000000 813.746245
A-P 959.937603 1.227523 0.000000 1.227523 0.000000 958.710080
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-1 994.187239 0.719140 5.591001 6.310141 0.000000 993.468099
M-2 994.187240 0.719139 5.591000 6.310139 0.000000 993.468101
M-3 994.187241 0.719141 5.591002 6.310143 0.000000 993.468100
B-1 994.187244 0.719139 5.591002 6.310141 0.000000 993.468105
B-2 994.187241 0.719138 5.591002 6.310140 0.000000 993.468103
B-3 994.187173 0.719140 5.590999 6.310139 0.000000 993.468039
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:53:37 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS6 (POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4301
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 75,238.96
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,882.87
SUBSERVICER ADVANCES THIS MONTH 67,781.09
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 57 6,083,904.00
(B) TWO MONTHLY PAYMENTS: 11 1,580,874.19
(C) THREE OR MORE MONTHLY PAYMENTS: 4 613,810.86
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 945,505.25
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 357,244,368.19
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,849
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,006,263.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.55753980 % 6.10684400 % 1.32044170 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.44667640 % 6.20951684 % 1.34284910 %
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 8.03891900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.83
POOL TRADING FACTOR: 88.79792625
................................................................................
Run: 02/26/99 10:53:38 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 172,668,000.00 153,533,372.63 6.750000 % 3,604,201.28
CB-2 76110FUA9 35,551,000.00 35,551,000.00 6.750000 % 0.00
CB-3 76110FUB7 44,215,000.00 44,215,000.00 6.750000 % 0.00
NB-1 76110FUC5 32,242,000.00 32,242,000.00 6.750000 % 0.00
NB-2 76110FUD3 77,840,000.00 62,908,017.32 6.750000 % 4,694,026.63
NB-3 76110FUE1 3,780,000.00 0.00 6.750000 % 0.00
NB-4 76110FUF1 13,684,000.00 13,684,000.00 6.750000 % 0.00
A-P 76110FUF8 73,404.89 72,897.56 0.000000 % 75.43
A-V 76110FUG6 0.00 0.00 0.957865 % 0.00
R 76110FUH4 100.00 0.00 6.750000 % 0.00
M-1 76110FUJ0 13,245,900.00 13,181,563.58 6.750000 % 9,444.10
M-2 76110FUK5 5,094,600.00 5,069,855.11 6.750000 % 3,632.36
M-3 76110FUM3 4,279,400.00 4,258,614.60 6.750000 % 3,051.14
B-1 76110FUN1 2,037,800.00 2,027,902.24 6.750000 % 1,452.92
B-2 76110FUP6 1,222,600.00 1,216,661.74 6.750000 % 871.69
B-3 76110FUQ4 1,631,527.35 1,623,602.87 6.750000 % 1,163.25
- -------------------------------------------------------------------------------
407,565,332.24 369,584,487.65 8,317,918.80
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 863,496.71 4,467,697.99 0.00 0.00 149,929,171.35
CB-2 199,944.62 199,944.62 0.00 0.00 35,551,000.00
CB-3 248,672.37 248,672.37 0.00 0.00 44,215,000.00
NB-1 181,348.88 181,348.88 0.00 0.00 32,242,000.00
NB-2 353,833.47 5,047,860.10 0.00 0.00 58,213,990.69
NB-3 0.00 0.00 0.00 0.00 0.00
NB-4 76,967.25 76,967.25 0.00 0.00 13,684,000.00
A-P 0.00 75.43 0.00 0.00 72,822.13
A-V 294,973.63 294,973.63 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 74,135.89 83,579.99 0.00 0.00 13,172,119.48
M-2 28,513.93 32,146.29 0.00 0.00 5,066,222.75
M-3 23,951.35 27,002.49 0.00 0.00 4,255,563.46
B-1 11,405.35 12,858.27 0.00 0.00 2,026,449.32
B-2 6,842.76 7,714.45 0.00 0.00 1,215,790.05
B-3 9,131.49 10,294.74 0.00 0.00 1,622,439.63
- -------------------------------------------------------------------------------
2,373,217.70 10,691,136.50 0.00 0.00 361,266,568.86
===============================================================================
Run: 02/26/99 10:53:38
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-1 889.182551 20.873591 5.000908 25.874499 0.000000 868.308959
CB-2 1000.000000 0.000000 5.624163 5.624163 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.624163 5.624163 0.000000 1000.000000
NB-1 1000.000000 0.000000 5.624616 5.624616 0.000000 1000.000000
NB-2 808.170829 60.303528 4.545651 64.849179 0.000000 747.867301
NB-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-4 1000.000000 0.000000 5.624616 5.624616 0.000000 1000.000000
A-P 993.088608 1.027646 0.000000 1.027646 0.000000 992.060961
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-1 995.142918 0.712983 5.596893 6.309876 0.000000 994.429935
M-2 995.142918 0.712982 5.596893 6.309875 0.000000 994.429936
M-3 995.142917 0.712983 5.596894 6.309877 0.000000 994.429934
B-1 995.142919 0.712985 5.596894 6.309879 0.000000 994.429934
B-2 995.142925 0.712981 5.596892 6.309873 0.000000 994.429944
B-3 995.142907 0.712982 5.596897 6.309879 0.000000 994.429929
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:53:38 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS7 (POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4311
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 76,227.98
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 480.08
SUBSERVICER ADVANCES THIS MONTH 69,145.96
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 63 7,952,382.43
(B) TWO MONTHLY PAYMENTS: 8 868,376.58
(C) THREE OR MORE MONTHLY PAYMENTS: 4 742,727.62
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 361,266,568.86
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,691
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,053,080.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.57244320 % 6.09063300 % 1.31720000 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.42550990 % 6.22640112 % 1.34683370 %
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 8.03179600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.01
POOL TRADING FACTOR: 88.64016154
................................................................................
Run: 02/26/99 10:53:40 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 124,454,000.00 114,399,380.91 6.500000 % 1,170,755.15
NB 76110FTP8 41,430,000.00 37,247,284.29 6.500000 % 1,398,372.25
A-P 76110FTQ6 63,383.01 61,725.12 0.000000 % 238.88
A-V 76110FTV5 0.00 0.00 0.944468 % 0.00
R 76110FTR4 100.00 0.00 6.500000 % 0.00
M-1 76110FTS2 4,507,000.00 4,408,080.04 6.500000 % 14,540.82
M-2 76110FTT0 780,000.00 762,880.50 6.500000 % 2,516.49
M-3 76110FTU7 693,500.00 678,279.00 6.500000 % 2,237.42
B-1 76110FTW3 520,000.00 508,587.00 6.500000 % 1,677.66
B-2 76110FTX1 433,500.00 423,985.51 6.500000 % 1,398.59
B-3 76110FTY9 433,464.63 423,950.91 6.500000 % 1,398.48
- -------------------------------------------------------------------------------
173,314,947.64 158,914,153.28 2,593,135.74
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 619,314.36 1,790,069.51 0.00 0.00 113,228,625.76
NB 201,642.51 1,600,014.76 0.00 0.00 35,848,912.04
A-P 0.00 238.88 0.00 0.00 61,486.24
A-V 125,004.02 125,004.02 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 23,863.65 38,404.47 0.00 0.00 4,393,539.22
M-2 4,129.94 6,646.43 0.00 0.00 760,364.01
M-3 3,671.94 5,909.36 0.00 0.00 676,041.58
B-1 2,753.30 4,430.96 0.00 0.00 506,909.34
B-2 2,295.30 3,693.89 0.00 0.00 422,586.92
B-3 2,295.11 3,693.59 0.00 0.00 422,552.43
- -------------------------------------------------------------------------------
984,970.13 3,578,105.87 0.00 0.00 156,321,017.54
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 919.210157 9.407132 4.976251 14.383383 0.000000 909.803026
NB 899.041378 33.752649 4.867065 38.619714 0.000000 865.288729
A-P 973.843306 3.768794 0.000000 3.768794 0.000000 970.074512
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-1 978.051928 3.226275 5.294797 8.521072 0.000000 974.825653
M-2 978.051923 3.226269 5.294795 8.521064 0.000000 974.825654
M-3 978.051911 3.226273 5.294795 8.521068 0.000000 974.825638
B-1 978.051923 3.226269 5.294808 8.521077 0.000000 974.825654
B-2 978.051926 3.226275 5.294810 8.521085 0.000000 974.825652
B-3 978.051912 3.226284 5.294803 8.521087 0.000000 974.825622
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:53:40 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS8 (POOL # 4306)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4306
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 32,875.61
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,504.18
SUBSERVICER ADVANCES THIS MONTH 30,756.37
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,996,293.35
(B) TWO MONTHLY PAYMENTS: 3 239,907.50
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 156,321,017.54
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,624
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 2,068,908.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.42678360 % 3.68075400 % 0.85362030 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.40380450 % 3.72946959 % 0.86525840 %
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 7.76961700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 166.77
POOL TRADING FACTOR: 90.19476950
................................................................................
Run: 02/26/99 10:52:00 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 67,739,390.62 6.750000 % 3,389,484.37
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 5.739690 % 0.00
A-9 76110FVU4 3,469,000.00 3,469,000.00 9.780350 % 0.00
A-10 76110FVU2 7,590,000.00 7,409,811.09 6.750000 % 31,151.38
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 77,426.24 0.000000 % 67.71
A-14 76110FVZ3 0.00 0.00 0.948731 % 0.00
R 76110FWA7 100.00 0.00 6.750000 % 0.00
M-1 76110FWB5 11,770,000.00 11,720,925.05 6.750000 % 8,484.17
M-2 76110FWC3 5,349,900.00 5,327,593.63 6.750000 % 3,856.37
M-3 76110FWD1 5,349,900.00 5,327,593.63 6.750000 % 3,856.37
B-1 76110FWE9 2,354,000.00 2,344,185.02 6.750000 % 1,696.83
B-2 76110FWF6 1,284,000.00 1,278,646.37 6.750000 % 925.55
B-3 76110FWG4 1,712,259.01 1,705,119.71 6.750000 % 1,234.24
- -------------------------------------------------------------------------------
427,987,988.79 396,430,691.36 3,440,756.99
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 380,966.48 3,770,450.85 0.00 0.00 64,349,906.25
A-2 241,832.09 241,832.09 0.00 0.00 43,000,000.00
A-3 337,440.13 337,440.13 0.00 0.00 60,000,000.00
A-4 151,848.06 151,848.06 0.00 0.00 27,000,000.00
A-5 295,260.11 295,260.11 0.00 0.00 52,500,000.00
A-6 205,276.08 205,276.08 0.00 0.00 36,500,000.00
A-7 140,600.05 140,600.05 0.00 0.00 25,000,000.00
A-8 49,759.07 49,759.07 0.00 0.00 10,405,000.00
A-9 28,268.34 28,268.34 0.00 0.00 3,469,000.00
A-10 41,672.80 72,824.18 0.00 0.00 7,378,659.71
A-11 42,180.02 42,180.02 0.00 0.00 7,500,000.00
A-12 158,180.69 158,180.69 0.00 0.00 28,126,000.00
A-13 0.00 67.71 0.00 0.00 77,358.53
A-14 313,366.25 313,366.25 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,918.50 74,402.67 0.00 0.00 11,712,440.88
M-2 29,962.39 33,818.76 0.00 0.00 5,323,737.26
M-3 29,962.39 33,818.76 0.00 0.00 5,323,737.26
B-1 13,183.70 14,880.53 0.00 0.00 2,342,488.19
B-2 7,191.11 8,116.66 0.00 0.00 1,277,720.82
B-3 9,589.60 10,823.84 0.00 0.00 1,703,885.47
- -------------------------------------------------------------------------------
2,542,457.86 5,983,214.85 0.00 0.00 392,989,934.37
===============================================================================
Run: 02/26/99 10:52:00
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-1 684.236269 34.237216 3.848146 38.085362 0.000000 649.999053
A-2 1000.000000 0.000000 5.624002 5.624002 0.000000 1000.000000
A-3 1000.000000 0.000000 5.624002 5.624002 0.000000 1000.000000
A-4 1000.000000 0.000000 5.624002 5.624002 0.000000 1000.000000
A-5 1000.000000 0.000000 5.624002 5.624002 0.000000 1000.000000
A-6 1000.000000 0.000000 5.624002 5.624002 0.000000 1000.000000
A-7 1000.000000 0.000000 5.624002 5.624002 0.000000 1000.000000
A-8 1000.000000 0.000000 4.782227 4.782227 0.000000 1000.000000
A-9 1000.000000 0.000000 8.148844 8.148844 0.000000 1000.000000
A-10 976.259696 4.104266 5.490487 9.594753 0.000000 972.155430
A-11 1000.000000 0.000000 5.624003 5.624003 0.000000 1000.000000
A-12 1000.000000 0.000000 5.624002 5.624002 0.000000 1000.000000
A-13 994.815095 0.869975 0.000000 0.869975 0.000000 993.945120
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-1 995.830506 0.720830 5.600552 6.321382 0.000000 995.109675
M-2 995.830507 0.720830 5.600551 6.321381 0.000000 995.109677
M-3 995.830507 0.720830 5.600551 6.321381 0.000000 995.109677
B-1 995.830510 0.720828 5.600552 6.321380 0.000000 995.109681
B-2 995.830506 0.720833 5.600553 6.321386 0.000000 995.109673
B-3 995.830479 0.720831 5.600555 6.321386 0.000000 995.109653
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:52:00 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS9 (POOL # 4314)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4314
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 82,322.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 18,924.34
SUBSERVICER ADVANCES THIS MONTH 89,234.17
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 70 9,915,494.24
(B) TWO MONTHLY PAYMENTS: 7 781,046.61
(C) THREE OR MORE MONTHLY PAYMENTS: 4 1,046,946.42
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 586,027.02
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 392,989,934.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,979
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 3,153,789.84
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.01025980 % 5.64549700 % 1.34424300 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.95415530 % 5.68969163 % 1.35503290 %
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 8.02613705
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.10
POOL TRADING FACTOR: 91.82265500
................................................................................
Run: 02/26/99 10:52:10 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 86,279,137.30 6.750000 % 5,479,938.15
A-2 76110FWJ8 47,967,000.00 47,967,000.00 6.750000 % 0.00
A-3 76110FWK5 67,521,000.00 67,521,000.00 6.750000 % 0.00
A-4 76110FWL3 30,346,000.00 30,346,000.00 6.750000 % 0.00
A-5 76110FWM1 45,610,000.00 45,610,000.00 6.750000 % 0.00
A-6 76110FWN9 28,628,000.00 28,628,000.00 6.750000 % 0.00
A-7 76110FWP4 16,219,000.00 16,219,000.00 5.877340 % 0.00
A-8 76110FWQ2 5,046,000.00 5,046,000.00 9.555414 % 0.00
A-9 76110FWR0 96,429,000.00 96,429,000.00 6.750000 % 0.00
A-10 76110FWS8 62,872.89 62,528.56 0.000000 % 67.66
A-11 76110FWT6 0.00 0.00 0.900754 % 0.00
R 76110FWU3 100.00 0.00 6.750000 % 0.00
M-1 76110FWV1 13,198,800.00 13,152,627.93 6.750000 % 17,063.20
M-2 76110FWW9 6,000,000.00 5,979,010.78 6.750000 % 7,756.70
M-3 76110FWX7 4,799,500.00 4,782,710.38 6.750000 % 6,204.72
B-1 76110FWY5 2,639,600.00 2,630,366.15 6.750000 % 3,412.43
B-2 76110FWZ2 1,439,500.00 1,434,464.34 6.750000 % 1,860.96
B-3 76110FXA6 1,919,815.88 1,913,099.99 6.750000 % 2,481.91
- -------------------------------------------------------------------------------
479,943,188.77 453,999,945.43 5,518,785.73
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 485,216.47 5,965,154.62 0.00 0.00 80,799,199.15
A-2 269,756.74 269,756.74 0.00 0.00 47,967,000.00
A-3 379,724.49 379,724.49 0.00 0.00 67,521,000.00
A-4 170,659.78 170,659.78 0.00 0.00 30,346,000.00
A-5 256,501.44 256,501.44 0.00 0.00 45,610,000.00
A-6 160,998.10 160,998.10 0.00 0.00 28,628,000.00
A-7 79,420.18 79,420.18 0.00 0.00 16,219,000.00
A-8 40,171.93 40,171.93 0.00 0.00 5,046,000.00
A-9 542,297.26 542,297.26 0.00 0.00 96,429,000.00
A-10 0.00 67.66 0.00 0.00 62,460.90
A-11 340,712.26 340,712.26 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,967.73 91,030.93 0.00 0.00 13,135,564.73
M-2 33,624.76 41,381.46 0.00 0.00 5,971,254.08
M-3 26,897.00 33,101.72 0.00 0.00 4,776,505.66
B-1 14,792.65 18,205.08 0.00 0.00 2,626,953.72
B-2 8,067.14 9,928.10 0.00 0.00 1,432,603.38
B-3 10,758.89 13,240.80 0.00 0.00 1,910,618.08
- -------------------------------------------------------------------------------
2,893,566.82 8,412,352.55 0.00 0.00 448,481,159.70
===============================================================================
Run: 02/26/99 10:52:10
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-1 769.545540 48.876960 4.327769 53.204729 0.000000 720.668580
A-2 1000.000000 0.000000 5.623798 5.623798 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623798 5.623798 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623798 5.623798 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623798 5.623798 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623798 5.623798 0.000000 1000.000000
A-7 1000.000000 0.000000 4.896737 4.896737 0.000000 1000.000000
A-8 1000.000000 0.000000 7.961143 7.961143 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623798 5.623798 0.000000 1000.000000
A-10 994.523395 1.076139 0.000000 1.076139 0.000000 993.447255
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-1 996.501798 1.292784 5.604125 6.896909 0.000000 995.209014
M-2 996.501797 1.292783 5.604127 6.896910 0.000000 995.209013
M-3 996.501798 1.292785 5.604125 6.896910 0.000000 995.209013
B-1 996.501800 1.292783 5.604126 6.896909 0.000000 995.209017
B-2 996.501799 1.292782 5.604126 6.896908 0.000000 995.209017
B-3 996.501805 1.292785 5.604126 6.896911 0.000000 995.209020
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:52:10 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS11 (POOL # 4319)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4319
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 94,058.98
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 16,385.98
SUBSERVICER ADVANCES THIS MONTH 104,450.27
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 87 11,559,865.48
(B) TWO MONTHLY PAYMENTS: 11 2,046,365.15
(C) THREE OR MORE MONTHLY PAYMENTS: 6 649,896.13
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 147,165.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 448,481,159.70
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,381
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 4,929,827.97
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 262,226.14
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.41488970 % 5.26820400 % 1.31690630 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.34249450 % 5.32537966 % 1.33138410 %
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 7.97877563
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.11
POOL TRADING FACTOR: 93.44463474
................................................................................
Run: 02/26/99 10:53:43 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 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 188,037,444.00 181,755,623.91 7.000000 % 2,080,554.04
CB-2 76110FXP8 6,964,350.00 6,731,689.98 0.000000 % 77,057.56
NB-1 76110FXQ1 25,499,800.00 22,663,285.05 6.750000 % 521,355.27
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 13,767,901.08 6.400000 % 272,208.79
NB-8 76110FXX6 20,899,000.00 19,271,949.30 6.100000 % 299,033.02
NB-9 76110FXY4 0.00 0.00 0.650000 % 0.00
A-P 76110FXZ1 58,061.92 57,302.85 0.000000 % 53.97
A-V 76110FYA5 0.00 0.00 0.851631 % 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 8,777,933.53 6.750000 % 6,273.94
M-2 76110FYE7 4,001,000.00 3,989,833.80 6.750000 % 2,851.70
M-3 76110FYF4 3,201,000.00 3,192,066.48 6.750000 % 2,281.50
B-1 76110FYG2 1,760,300.00 1,755,387.26 6.750000 % 1,254.65
B-2 76110FYH0 960,000.00 957,320.78 6.750000 % 684.24
B-3 76110FYJ6 1,280,602.22 1,277,028.28 6.750000 % 912.74
- -------------------------------------------------------------------------------
320,086,417.14 307,570,481.30 3,264,521.42
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,060,146.11 3,140,700.15 0.00 0.00 179,675,069.87
CB-2 0.00 77,057.56 0.00 0.00 6,654,632.42
NB-1 127,471.49 648,826.76 0.00 0.00 22,141,929.78
NB-2 41,751.27 41,751.27 0.00 0.00 7,423,000.00
NB-3 120,535.66 120,535.66 0.00 0.00 21,430,159.00
NB-4 22,610.82 22,610.82 0.00 0.00 4,020,000.00
NB-5 59,058.10 59,058.10 0.00 0.00 10,500,000.00
NB-6 4,015.34 4,015.34 0.00 0.00 0.00
NB-7 73,423.34 345,632.13 0.00 0.00 13,495,692.29
NB-8 97,958.44 396,991.46 0.00 0.00 18,972,916.28
NB-9 10,438.19 10,438.19 0.00 0.00 0.00
A-P 0.00 53.97 0.00 0.00 57,248.88
A-V 218,262.08 218,262.08 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 49,371.15 55,645.09 0.00 0.00 8,771,659.59
M-2 22,440.67 25,292.37 0.00 0.00 3,986,982.10
M-3 17,953.65 20,235.15 0.00 0.00 3,189,784.98
B-1 9,873.11 11,127.76 0.00 0.00 1,754,132.61
B-2 5,384.41 6,068.65 0.00 0.00 956,636.54
B-3 7,182.59 8,095.33 0.00 0.00 1,276,115.54
- -------------------------------------------------------------------------------
1,947,876.42 5,212,397.84 0.00 0.00 304,305,959.88
===============================================================================
Run: 02/26/99 10:53:43
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-1 966.592717 11.064573 5.637952 16.702525 0.000000 955.528144
CB-2 966.592716 11.064573 0.000000 11.064573 0.000000 955.528143
NB-1 888.763247 20.445465 4.998921 25.444386 0.000000 868.317782
NB-2 1000.000000 0.000000 5.624582 5.624582 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624581 5.624581 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.624582 5.624582 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.624581 5.624581 0.000000 1000.000000
NB-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-7 902.872390 17.850927 4.814961 22.665888 0.000000 885.021463
NB-8 922.146959 14.308485 4.687231 18.995716 0.000000 907.838475
NB-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-P 986.926543 0.929461 0.000000 0.929461 0.000000 985.997082
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-1 997.209149 0.712745 5.608765 6.321510 0.000000 996.496403
M-2 997.209148 0.712747 5.608765 6.321512 0.000000 996.496401
M-3 997.209147 0.712746 5.608763 6.321509 0.000000 996.496401
B-1 997.209146 0.712748 5.608766 6.321514 0.000000 996.496398
B-2 997.209146 0.712750 5.608760 6.321510 0.000000 996.496396
B-3 997.209172 0.712743 5.608760 6.321503 0.000000 996.496432
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:53:44 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS12 (POOL # 4321)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4321
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 63,788.48
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 11,345.97
SUBSERVICER ADVANCES THIS MONTH 78,612.82
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 59 8,182,105.02
(B) TWO MONTHLY PAYMENTS: 11 1,555,587.75
(C) THREE OR MORE MONTHLY PAYMENTS: 6 844,916.05
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 327,338.26
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 304,305,959.89
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,126
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 3,044,709.88
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.49519080 % 5.18900000 % 1.29717790 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.44769240 % 5.24091828 % 1.31040310 %
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 7.92802500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.00
POOL TRADING FACTOR: 95.06993849
................................................................................
Run: 02/26/99 10:53:45 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 112,514,000.00 108,963,152.90 6.500000 % 957,736.82
NB 37,758,000.00 36,643,487.06 6.500000 % 129,063.37
A-P 53,454.22 52,670.81 0.000000 % 196.98
A-V 0.00 0.00 0.851259 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 4,083,000.00 4,031,602.20 6.500000 % 13,139.55
M-2 706,500.00 697,606.41 6.500000 % 2,273.60
M-3 628,000.00 620,094.58 6.500000 % 2,020.97
B-1 471,000.00 465,070.94 6.500000 % 1,515.73
B-2 314,000.00 310,047.30 6.500000 % 1,010.49
B-3 471,221.05 465,289.21 6.500000 % 1,516.43
- -------------------------------------------------------------------------------
156,999,275.27 152,249,021.41 1,108,473.94
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 589,906.19 1,547,643.01 0.00 0.00 108,005,416.08
NB 198,381.00 327,444.37 0.00 0.00 36,514,423.69
A-P 0.00 196.98 0.00 0.00 52,473.83
A-V 107,945.89 107,945.89 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 21,826.35 34,965.90 0.00 0.00 4,018,462.65
M-2 3,776.71 6,050.31 0.00 0.00 695,332.81
M-3 3,357.08 5,378.05 0.00 0.00 618,073.61
B-1 2,517.80 4,033.53 0.00 0.00 463,555.21
B-2 1,678.54 2,689.03 0.00 0.00 309,036.81
B-3 2,518.99 4,035.42 0.00 0.00 463,772.77
- -------------------------------------------------------------------------------
931,908.55 2,040,382.49 0.00 0.00 151,140,547.46
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 968.440842 8.512157 5.242958 13.755115 0.000000 959.928685
NB 970.482734 3.418173 5.254012 8.672185 0.000000 967.064561
A-P 985.344282 3.684951 0.000000 3.684951 0.000000 981.659330
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-1 987.411756 3.218112 5.345665 8.563777 0.000000 984.193644
M-2 987.411762 3.218117 5.345662 8.563779 0.000000 984.193645
M-3 987.411752 3.218105 5.345669 8.563774 0.000000 984.193647
B-1 987.411762 3.218110 5.345648 8.563758 0.000000 984.193652
B-2 987.411783 3.218121 5.345669 8.563790 0.000000 984.193662
B-3 987.411768 3.218086 5.345665 8.563751 0.000000 984.193652
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:53:45 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS13 (POOL # 4322)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4322
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 31,665.33
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,411.18
SUBSERVICER ADVANCES THIS MONTH 34,165.86
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 3,011,013.09
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 3 666,809.55
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 151,140,547.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,385
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 612,261.63
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.63715980 % 3.51352200 % 0.81472280 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.65271190 % 3.52775556 % 0.81830730 %
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 7.67742500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 170.17
POOL TRADING FACTOR: 96.26830901
................................................................................
Run: 02/26/99 10:52:41 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 49,523,000.00 6.500000 % 1,786,341.65
A-2 76110FC92 25,000,000.00 25,000,000.00 6.500000 % 0.00
A-3 76110FD26 25,001,570.00 25,001,570.00 6.500000 % 17,394.35
A-4 76110FD34 2,475,344.00 2,475,344.00 6.500000 % 0.00
A-5 76110FD42 14,025,030.00 14,025,030.00 6.500000 % 0.00
A-6 76110FD59 133,990,656.00 133,990,656.00 6.500000 % 0.00
A-P 76110FD67 16,409.82 16,409.82 0.000000 % 25.37
A-V 76110FD75 0.00 0.00 1.090181 % 0.00
R 76110FD83 100.00 100.00 6.500000 % 100.00
M-1 76110FD91 9,141,000.00 9,141,000.00 6.500000 % 6,359.67
M-2 76110FE25 3,360,700.00 3,360,700.00 6.500000 % 2,338.14
M-3 76110FE33 2,823,000.00 2,823,000.00 6.500000 % 1,964.05
B-1 76110FE41 1,613,200.00 1,613,200.00 6.500000 % 1,122.35
B-2 76110FE58 806,600.00 806,600.00 6.500000 % 561.18
B-3 76110FE66 1,075,021.18 1,075,021.18 6.500000 % 747.93
- -------------------------------------------------------------------------------
268,851,631.00 268,851,631.00 1,816,954.69
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 268,216.99 2,054,558.64 0.00 0.00 47,736,658.35
A-2 135,400.22 135,400.22 0.00 0.00 25,000,000.00
A-3 135,408.72 152,803.07 0.00 0.00 24,984,175.65
A-4 13,406.48 13,406.48 0.00 0.00 2,475,344.00
A-5 75,959.68 75,959.68 0.00 0.00 14,025,030.00
A-6 725,694.54 725,694.54 0.00 0.00 133,990,656.00
A-P 0.00 25.37 0.00 0.00 16,384.45
A-V 244,217.73 244,217.73 0.00 0.00 0.00
R 0.54 100.54 0.00 0.00 0.00
M-1 49,507.73 55,867.40 0.00 0.00 9,134,640.33
M-2 18,201.58 20,539.72 0.00 0.00 3,358,361.86
M-3 15,289.39 17,253.44 0.00 0.00 2,821,035.95
B-1 8,737.11 9,859.46 0.00 0.00 1,612,077.65
B-2 4,368.55 4,929.73 0.00 0.00 806,038.82
B-3 5,822.32 6,570.25 0.00 0.00 1,074,273.25
- -------------------------------------------------------------------------------
1,700,231.58 3,517,186.27 0.00 0.00 267,034,676.31
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 36.070950 5.416009 41.486959 0.000000 963.929050
A-2 1000.000000 0.000000 5.416009 5.416009 0.000000 1000.000000
A-3 1000.000000 0.695730 5.416009 6.111739 0.000000 999.304270
A-4 1000.000000 0.000000 5.416007 5.416007 0.000000 1000.000000
A-5 1000.000000 0.000000 5.416008 5.416008 0.000000 1000.000000
A-6 1000.000000 0.000000 5.416009 5.416009 0.000000 1000.000000
A-P 1000.000000 1.546025 0.000000 1.546025 0.000000 998.453975
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.400000 1005.400000 0.000000 0.000000
M-1 1000.000000 0.695730 5.416008 6.111738 0.000000 999.304270
M-2 1000.000000 0.695730 5.416009 6.111739 0.000000 999.304270
M-3 1000.000000 0.695731 5.416008 6.111739 0.000000 999.304269
B-1 1000.000000 0.695729 5.416012 6.111741 0.000000 999.304271
B-2 1000.000000 0.695735 5.416005 6.111740 0.000000 999.304265
B-3 1000.000000 0.695726 5.416005 6.111731 0.000000 999.304265
_______________________________________________________________________________
DETERMINATION DATE 22-February-99
DISTRIBUTION DATE 25-February-99
Run: 02/26/99 10:52:41 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1999-QS1 (POOL # 4355)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4355
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 55,923.49
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 15,489.00
SUBSERVICER ADVANCES THIS MONTH 24,095.89
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 3,432,447.78
(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 267,034,676.31
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,938
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 1,629,903.22
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.99960730 % 5.70040600 % 1.29998640 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.95687660 % 5.73485000 % 1.30792150 %
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 7.91702126
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.90
POOL TRADING FACTOR: 99.32417941
................................................................................
