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)
June 25, 1999
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in it's charter)
33-95932, 333-8733, 333-33493
333-48327, 333-63549 51-0368240
333-72661
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
<PAGE>
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the June, 1999 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
1995-QS1 RALI
1996-QS1 RALI
1996-QS2 RALI
1996-QS3 RALI
1996-QS4 RALI
1996-QS5 RALI
1996-QS6 RALI
1996-QS7 RALI
1996-QS8 RALI
1997-QPCR1 RALI
1997-QPCR2 RALI
1997-QPCR3 RALI
1997-QS1 RALI
1997-QS10 RALI
1997-QS11 RALI
1997-QS12 RALI
1997-QS13 RALI
1997-QS2 RALI
1997-QS3 RALI
1997-QS4 RALI
1997-QS5 RALI
1997-QS6 RALI
1997-QS7 RALI
1997-QS8 RALI
1997-QS9 RALI
1998-QS1 RALI
1998-QS10 RALI
1998-QS11 RALI
1998-QS12 RALI
1998-QS13 RALI
1998-QS14 RALI
1998-QS15 RALI
1998-QS16 RALI
1998-QS17 RALI
1998-QS2 RALI
1998-QS3 RALI
1998-QS4 RALI
1998-QS5 RALI
1998-QS6 RALI
1998-QS7 RALI
1998-QS8 RALI
1998-QS9 RALI
1999-QS1 RALI
1999-QS2 RALI
1999-QS3 RALI
<PAGE>
1999-QS4 RALI
1999-QS5 RALI
1999-QS6 RALI
Item 7. Financial Statements and Exhibits
(a) Not applicable (b) Not applicable (c) See Item 5.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: June 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: June 25, 1999
<PAGE>
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-QS1(POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4180
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FAA1 54,500,000.00 0.00 6.600000 % 0.00
A-2 76110FAB9 82,500,000.00 0.00 6.900000 % 0.00
A-3 76110FAC7 22,250,000.00 0.00 7.300000 % 0.00
A-4 76110FAD5 46,000,000.00 38,212,432.11 7.500000 % 3,611,261.26
A-5 76110FAE3 22,100,000.00 22,100,000.00 7.500000 % 0.00
A-6 76110FAF0 31,109,000.00 31,109,000.00 7.500000 % 0.00
R 514.42 1,742,652.48 0.000000 % 0.00
- -------------------------------------------------------------------------------
258,459,514.42 93,164,084.59 3,611,261.26
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 238,827.70 3,850,088.96 0.00 0.00 34,601,170.85
A-5 138,125.00 138,125.00 0.00 0.00 22,100,000.00
A-6 194,431.25 194,431.25 0.00 0.00 31,109,000.00
R 0.00 0.00 0.00 0.00 1,657,222.29
- -------------------------------------------------------------------------------
571,383.95 4,182,645.21 0.00 0.00 89,467,393.14
===============================================================================
_______________________________________________________________________________
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-4 830.705046 78.505680 5.191907 83.697587 0.000000 752.199366
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
R ****.****** 0.000000 0.000000 0.000000 0.000000 ****.******
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:00:05 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4180
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 18,719.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 610.33
SUBSERVICER ADVANCES THIS MONTH 70,064.82
MASTER SERVICER ADVANCES THIS MONTH 12,260.84
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 56 4,503,129.78
(B) TWO MONTHLY PAYMENTS: 12 1,275,263.86
(C) THREE OR MORE MONTHLY PAYMENTS: 3 239,706.12
FORECLOSURES
NUMBER OF LOANS 16
AGGREGATE PRINCIPAL BALANCE 1,885,847.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 89,467,393.14
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,124
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 10
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,480,348.73
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,148,812.62
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.12948040 % 1.87051960 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.14768010 % 1.85231990 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33029773
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 279.07
POOL TRADING FACTOR: 34.61563152
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS1(POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4194
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FAG8 52,015,000.00 0.00 6.000000 % 0.00
A-I-2 76110FAH6 67,186,000.00 0.00 6.250000 % 0.00
A-I-3 76110FAJ2 22,562,000.00 0.00 6.750000 % 0.00
A-I-4 76110FAK9 31,852,000.00 25,935,221.43 6.900000 % 2,328,658.53
A-I-5 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I-6 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I-7 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 8,449,263.18 5.277500 % 252,264.49
R 0.53 1,596,860.18 0.000000 % 40,827.52
- -------------------------------------------------------------------------------
255,942,104.53 88,933,480.79 2,621,750.54
===============================================================================
_______________________________________________________________________________
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-4 149,127.52 2,477,786.05 0.00 0.00 23,606,562.90
A-I-5 85,393.13 85,393.13 0.00 0.00 14,535,000.00
A-I-6 111,270.20 111,270.20 0.00 0.00 18,417,136.00
A-I-7 111,666.67 111,666.67 0.00 0.00 20,000,000.00
A-II 38,397.79 290,662.28 0.00 0.00 8,196,998.69
R 58,865.16 99,692.68 0.00 0.00 1,556,032.66
- -------------------------------------------------------------------------------
554,720.47 3,176,471.01 0.00 0.00 86,311,730.25
===============================================================================
_______________________________________________________________________________
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-4 814.241537 73.108707 4.681889 77.790596 0.000000 741.132830
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 287.634805 8.587737 1.307160 9.894897 0.000000 279.047068
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4194
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 19,004.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 67,274.30
MASTER SERVICER ADVANCES THIS MONTH 865.85
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 37 5,080,918.20
(B) TWO MONTHLY PAYMENTS: 11 997,343.13
(C) THREE OR MORE MONTHLY PAYMENTS: 4 430,303.01
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,912,214.99
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 86,311,730.25
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 888
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 106,910.86
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,512,951.85
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.20443310 % 1.79556690 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.19719450 % 1.80280550 %
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 8.95662400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 291.35
POOL TRADING FACTOR: 33.72314626
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS2(POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4201
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FAS2 40,000,000.00 0.00 6.400000 % 0.00
A-2 76110FAT0 16,000,000.00 0.00 7.000000 % 0.00
A-3 76110FAU7 28,500,000.00 0.00 7.050000 % 0.00
A-4 76110FAV5 15,000,000.00 0.00 7.050000 % 0.00
A-5 76110FAW3 14,000,000.00 13,957,381.20 7.350000 % 2,521,557.65
A-6 76110FAX1 10,000,000.00 10,000,000.00 7.450000 % 0.00
A-7 76110FAY9 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-8 76110FAZ6 14,043,411.00 14,043,411.00 7.500000 % 0.00
A-9 76110FBA0 18,190,000.00 18,190,000.00 7.500000 % 0.00
A-10 76110FBB8 178,007.00 104,161.61 0.000000 % 1,860.27
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 84,114,067.99 2,523,417.92
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00
A-5 85,488.96 2,607,046.61 0.00 0.00 11,435,823.55
A-6 62,083.33 62,083.33 0.00 0.00 10,000,000.00
A-7 157,083.33 157,083.33 0.00 0.00 26,000,000.00
A-8 87,771.32 87,771.32 0.00 0.00 14,043,411.00
A-9 113,687.50 113,687.50 0.00 0.00 18,190,000.00
A-10 0.00 1,860.27 0.00 0.00 102,301.34
R 79,822.06 79,822.06 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
585,936.50 3,109,354.42 0.00 0.00 81,590,650.07
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-5 996.955800 180.111261 6.106354 186.217615 0.000000 816.844539
A-6 1000.000000 0.000000 6.208333 6.208333 0.000000 1000.000000
A-7 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-8 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-9 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-10 585.154573 10.450544 0.000000 10.450544 0.000000 574.704029
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS2 (POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4201
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 17,262.69
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 56,678.96
MASTER SERVICER ADVANCES THIS MONTH 2,068.26
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 3,616,310.30
(B) TWO MONTHLY PAYMENTS: 6 638,683.14
(C) THREE OR MORE MONTHLY PAYMENTS: 5 953,826.86
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,839,518.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 81,590,650.07
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 887
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 260,590.83
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,426,585.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.83732470 % 2.16267530 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.77043790 % 2.22956210 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.82068661
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 296.25
POOL TRADING FACTOR: 44.85185755
................................................................................
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3(POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FBC6 42,855,000.00 0.00 6.780000 % 0.00
A-I-2 76110FBD4 26,000,000.00 0.00 7.150000 % 0.00
A-I-3 76110FBE2 10,596,000.00 0.00 7.290000 % 0.00
A-I-4 76110FBF9 25,000,000.00 0.00 7.250000 % 0.00
A-I-5 76110FBG7 18,587,000.00 0.00 7.460000 % 0.00
A-I-6 76110FBH5 21,696,000.00 7,307,618.39 7.750000 % 3,763,238.45
A-I-7 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I-8 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I-9 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I-10 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I-11 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 9,184,104.80 7.750000 % 191,688.51
A-P 76110FBQ5 1,166,695.86 785,664.91 0.000000 % 21,157.73
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 12,077,596.12 7.750000 % 13,492.07
M-2 76110FBU6 5,568,000.00 5,367,606.25 7.750000 % 5,996.24
M-3 76110FBV4 4,176,000.00 4,025,704.69 7.750000 % 4,497.18
B-1 1,809,600.00 1,744,472.01 7.750000 % 1,948.78
B-2 696,000.00 670,950.77 7.750000 % 749.53
B-3 1,670,738.96 1,443,724.81 7.750000 % 1,612.79
A-V 76110FHY2 0.00 0.00 0.690619 % 0.00
STRIP 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 128,111,004.75 4,004,381.28
===============================================================================
_______________________________________________________________________________
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 0.00 0.00 0.00 0.00 0.00
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 0.00 0.00 0.00 0.00 0.00
A-I-6 47,175.06 3,810,413.51 0.00 0.00 3,544,379.94
A-I-7 51,948.21 51,948.21 0.00 0.00 8,047,000.00
A-I-8 112,559.83 112,559.83 0.00 0.00 17,436,000.00
A-I-9 162,326.04 162,326.04 0.00 0.00 25,145,000.00
A-I-10 122,656.38 122,656.38 0.00 0.00 19,000,000.00
A-I-11 102,486.26 102,486.26 0.00 0.00 15,875,562.00
A-II 59,288.90 250,977.41 0.00 0.00 8,992,416.29
A-P 0.00 21,157.73 0.00 0.00 764,507.18
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 77,968.12 91,460.19 0.00 0.00 12,064,104.05
M-2 34,651.11 40,647.35 0.00 0.00 5,361,610.01
M-3 25,988.33 30,485.51 0.00 0.00 4,021,207.51
B-1 11,261.61 13,210.39 0.00 0.00 1,742,523.23
B-2 4,331.39 5,080.92 0.00 0.00 670,201.24
B-3 9,320.11 10,932.90 0.00 0.00 1,442,112.02
A-V 73,698.74 73,698.74 0.00 0.00 0.00
STRIP 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
895,660.09 4,900,041.37 0.00 0.00 124,106,623.47
===============================================================================
Run: 06/28/99 11:49:33
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3(POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4211
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-6 336.818694 173.453100 2.174367 175.627467 0.000000 163.365595
A-I-7 1000.000000 0.000000 6.455600 6.455600 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.455599 6.455599 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.455599 6.455599 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.455599 6.455599 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.455599 6.455599 0.000000 1000.000000
A-II 446.883804 9.327255 2.884903 12.212158 0.000000 437.556549
A-P 673.410215 18.134741 0.000000 18.134741 0.000000 655.275474
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-1 964.009747 1.076910 6.223261 7.300171 0.000000 962.932837
M-2 964.009743 1.076911 6.223260 7.300171 0.000000 962.932832
M-3 964.009744 1.076911 6.223259 7.300170 0.000000 962.932833
B-1 964.009731 1.076912 6.223259 7.300171 0.000000 962.932819
B-2 964.009727 1.076911 6.223261 7.300172 0.000000 962.932816
B-3 864.123507 0.965315 5.578436 6.543751 0.000000 863.158190
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:49:34 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4211
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 26,358.91
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 417.28
SUBSERVICER ADVANCES THIS MONTH 48,316.80
MASTER SERVICER ADVANCES THIS MONTH 4,085.66
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 3,644,470.95
(B) TWO MONTHLY PAYMENTS: 3 439,988.02
(C) THREE OR MORE MONTHLY PAYMENTS: 2 535,297.03
FORECLOSURES
NUMBER OF LOANS 14
AGGREGATE PRINCIPAL BALANCE 1,336,164.81
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 124,106,623.47
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,316
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 6
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 504,607.25
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,855,693.29
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 80.10603810 % 16.75961200 % 3.01234670 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 79.48652190 % 17.28104510 % 3.12532050 %
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 8.72066100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 296.40
POOL TRADING FACTOR: 44.57777040
................................................................................
Run: 06/28/99 11:43:54 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4(POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FBW2 45,914,000.00 0.00 6.850000 % 0.00
A-I-2 76110FBX0 26,945,000.00 0.00 11.000000 % 0.00
A-I-3 76110FBY8 15,646,000.00 0.00 7.300000 % 0.00
A-I-4 76110FBZ5 32,740,000.00 0.00 7.500000 % 0.00
A-I-5 76110FCA9 10,023,000.00 0.00 7.700000 % 0.00
A-I-6 76110FCB7 26,811,000.00 18,725,181.55 8.000000 % 3,593,715.80
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 2,768,753.02 7.250000 % 561,204.37
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 1,855,628.23 0.000000 % 11,022.50
A-V-1 0.00 0.00 0.942092 % 0.00
A-V-2 0.00 0.00 0.351409 % 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 12,743,643.81 8.000000 % 15,289.68
M-2 76110FCN1 5,570,800.00 5,365,805.58 8.000000 % 6,437.83
M-3 76110FCP6 4,456,600.00 4,292,605.95 8.000000 % 5,150.22
B-1 76110FCR2 2,228,400.00 2,146,399.31 8.000000 % 2,575.23
B-2 76110FCS0 696,400.00 672,106.20 8.000000 % 806.39
B-3 76110FCT8 1,671,255.97 852,220.55 8.000000 % 1,022.48
STRIP 0.00 0.00 0.201440 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 122,964,344.20 4,197,224.50
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 0.00 0.00 0.00 0.00 0.00
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 0.00 0.00 0.00 0.00 0.00
A-I-6 124,416.00 3,718,131.80 0.00 0.00 15,131,465.75
A-I-7 119,903.31 119,903.31 0.00 0.00 18,046,000.00
A-I-8 60,423.40 60,423.40 0.00 0.00 9,094,000.00
A-I-9 68,330.13 68,330.13 0.00 0.00 10,284,000.00
A-I-10 180,684.00 180,684.00 0.00 0.00 27,538,000.00
A-II-1 16,671.79 577,876.16 0.00 0.00 2,207,548.65
A-II-2 54,514.11 54,514.11 0.00 0.00 8,580,000.00
A-P 0.00 11,022.50 0.00 0.00 1,844,605.73
A-V-1 65,786.20 65,786.20 0.00 0.00 0.00
A-V-2 11,349.39 11,349.39 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 84,672.78 99,962.46 0.00 0.00 12,728,354.13
M-2 35,652.10 42,089.93 0.00 0.00 5,359,367.75
M-3 28,521.42 33,671.64 0.00 0.00 4,287,455.73
B-1 14,261.35 16,836.58 0.00 0.00 2,143,824.08
B-2 4,465.69 5,272.08 0.00 0.00 671,299.81
B-3 5,662.42 6,684.90 0.00 0.00 851,198.06
STRIP 6,505.91 6,505.91 0.00 0.00 0.00
- -------------------------------------------------------------------------------
881,820.00 5,079,044.50 0.00 0.00 118,767,119.69
===============================================================================
Run: 06/28/99 11:43:54
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4(POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4216
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-6 698.414142 134.038857 4.640483 138.679340 0.000000 564.375284
A-I-7 1000.000000 0.000000 6.644315 6.644315 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.644315 6.644315 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.644314 6.644314 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.561261 6.561261 0.000000 1000.000000
A-II-1 172.820237 35.029297 1.040621 36.069918 0.000000 137.790940
A-II-2 1000.000000 0.000000 6.353626 6.353626 0.000000 1000.000000
A-P 610.476720 3.626255 0.000000 3.626255 0.000000 606.850465
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-1 963.201981 1.155639 6.399817 7.555456 0.000000 962.046342
M-2 963.201978 1.155638 6.399817 7.555455 0.000000 962.046340
M-3 963.201981 1.155639 6.399816 7.555455 0.000000 962.046343
B-1 963.201988 1.155641 6.399816 7.555457 0.000000 962.046347
B-2 965.115164 1.157941 6.412536 7.570477 0.000000 963.957223
B-3 509.928201 0.611803 3.388123 3.999926 0.000000 509.316393
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:43:54 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4216
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 25,141.76
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 43,094.31
MASTER SERVICER ADVANCES THIS MONTH 5,806.63
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 3,502,588.39
(B) TWO MONTHLY PAYMENTS: 3 393,730.17
(C) THREE OR MORE MONTHLY PAYMENTS: 6 339,699.01
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 770,611.94
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 118,767,119.69
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,378
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 709,703.19
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,040,334.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 78.47158960 % 18.21833400 % 2.98519550 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 77.72755760 % 18.83953881 % 3.13568520 %
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 8.95849800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 288.07
POOL TRADING FACTOR: 42.63980510
................................................................................
Run: 06/28/99 09:01:02 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS6(POOL # 4220)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4220
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 76110FCQ4 138,145,180.00 52,018,623.03 5.282500 % 1,480,554.30
R 973,833.13 2,716,266.64 0.000000 % 88,991.94
- -------------------------------------------------------------------------------
139,119,013.13 54,734,889.67 1,569,546.24
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 236,492.28 1,717,046.58 0.00 0.00 50,538,068.73
R 75,767.85 164,759.79 0.00 0.00 2,627,274.70
- -------------------------------------------------------------------------------
312,260.13 1,881,806.37 0.00 0.00 53,165,343.43
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 376.550402 10.717379 1.711911 12.429290 0.000000 365.833022
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:02 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS6 (POOL # 4220)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4220
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 16,599.53
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 16,167.21
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 15 1,316,774.20
(B) TWO MONTHLY PAYMENTS: 1 201,326.63
(C) THREE OR MORE MONTHLY PAYMENTS: 3 429,004.42
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 254,269.14
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 53,165,343.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 664
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,449,815.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.03741280 % 4.96258720 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.05829450 % 4.94170550 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 714,117.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,337,073.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.37168820
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 251.38
POOL TRADING FACTOR: 38.21572784
................................................................................
Run: 06/28/99 11:49:48 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS5(POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4222
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FCU5 23,848,000.00 0.00 9.500000 % 0.00
A-I-2 76110FCV3 25,000,000.00 0.00 7.600000 % 0.00
A-I-3 76110FCW1 12,373,000.00 0.00 6.650000 % 0.00
A-I-4 76110FCX9 7,100,000.00 0.00 7.450000 % 0.00
A-I-5 76110FCY7 10,137,000.00 0.00 7.600000 % 0.00
A-I-6 76110FCZ4 5,558,000.00 0.00 7.800000 % 0.00
A-I-7 76110FDA8 16,926,000.00 11,118,302.73 8.000000 % 2,105,713.85
A-I-8 76110FDB6 6,884,000.00 6,884,000.00 8.000000 % 0.00
A-I-9 76110FDC4 11,229,000.00 11,229,000.00 8.000000 % 0.00
A-I-10 76110FDD2 22,501,000.00 22,501,000.00 8.000000 % 0.00
A-II-1 76110FDE0 11,162,000.00 2,316,234.28 8.000000 % 142,391.80
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 751,680.32 0.000000 % 23,612.99
A-V-1 796QS5AV1 0.00 0.00 1.024685 % 0.00
A-V-2 796QS5AV2 0.00 0.00 0.393916 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,504,090.94 8.000000 % 51,831.88
M-2 76110FDK6 3,958,800.00 3,756,007.10 8.000000 % 25,943.31
M-3 76110FDL4 2,815,100.00 2,674,144.74 8.000000 % 18,470.72
B-1 76110FDM2 1,407,600.00 1,350,043.47 8.000000 % 9,324.95
B-2 76110FDN0 439,800.00 425,907.20 8.000000 % 2,482.20
B-3 76110FDP5 1,055,748.52 799,326.56 8.000000 % 0.00
- -------------------------------------------------------------------------------
175,944,527.21 75,834,737.34 2,379,771.70
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 0.00 0.00 0.00 0.00 0.00
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 0.00 0.00 0.00 0.00 0.00
A-I-6 0.00 0.00 0.00 0.00 0.00
A-I-7 74,028.74 2,179,742.59 0.00 0.00 9,012,588.88
A-I-8 45,835.57 45,835.57 0.00 0.00 6,884,000.00
A-I-9 74,765.79 74,765.79 0.00 0.00 11,229,000.00
A-I-10 149,817.89 149,817.89 0.00 0.00 22,501,000.00
A-II-1 15,422.13 157,813.93 0.00 0.00 2,173,842.48
A-II-2 30,128.71 30,128.71 0.00 0.00 4,525,000.00
A-P 0.00 23,612.99 0.00 0.00 728,067.33
A-V-1 46,612.22 46,612.22 0.00 0.00 0.00
A-V-2 6,943.47 6,943.47 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 49,964.31 101,796.19 0.00 0.00 7,452,259.06
M-2 25,008.54 50,951.85 0.00 0.00 3,730,063.79
M-3 17,805.19 36,275.91 0.00 0.00 2,655,674.02
B-1 8,988.96 18,313.91 0.00 0.00 1,340,718.52
B-2 14,138.66 16,620.86 0.00 0.00 423,425.00
B-3 0.00 0.00 0.00 0.00 688,286.32
- -------------------------------------------------------------------------------
559,460.18 2,939,231.88 0.00 0.00 73,343,925.40
===============================================================================
Run: 06/28/99 11:49:48
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS5(POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4222
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 656.877155 124.407057 4.373670 128.780727 0.000000 532.470098
A-I-8 1000.000000 0.000000 6.658276 6.658276 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.658277 6.658277 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.658277 6.658277 0.000000 1000.000000
A-II-1 207.510686 12.756836 1.381664 14.138500 0.000000 194.753851
A-II-2 1000.000000 0.000000 6.658278 6.658278 0.000000 1000.000000
A-P 679.713179 21.352245 0.000000 21.352245 0.000000 658.360934
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-1 947.665712 6.545669 6.309820 12.855489 0.000000 941.120043
M-2 948.774149 6.553327 6.317202 12.870529 0.000000 942.220822
M-3 949.928862 6.561302 6.324887 12.886189 0.000000 943.367561
B-1 959.110166 6.624716 6.386019 13.010735 0.000000 952.485450
B-2 968.411096 5.643929 32.147931 37.791860 0.000000 962.767167
B-3 757.118333 0.000000 0.000000 0.000000 0.000000 651.941547
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:49:48 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS5 (POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4222
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 15,528.83
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 481.08
SUBSERVICER ADVANCES THIS MONTH 28,701.76
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 24 2,112,160.79
(B) TWO MONTHLY PAYMENTS: 2 165,221.64
(C) THREE OR MORE MONTHLY PAYMENTS: 9 521,820.58
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 641,243.44
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 73,343,925.40
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 850
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 2,198,708.02
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 78.01165710 % 18.37448500 % 3.39590710 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 77.56629590 % 18.86727059 % 3.37726480 %
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 9.10142200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 292.88
POOL TRADING FACTOR: 41.68582369
................................................................................
Run: 06/28/99 11:50:01 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7(POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FDQ3 20,106,154.00 0.00 7.050000 % 0.00
A-I-2 76110FDR1 43,322,483.00 0.00 0.000000 % 0.00
A-I-3 76110FDS9 0.00 0.00 0.000000 % 0.00
A-I-4 76110FDT7 13,330,948.00 0.00 7.125000 % 0.00
A-I-5 76110FDU4 24,973,716.00 0.00 7.600000 % 0.00
A-I-6 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I-7 76110FDW0 1,000,000.00 0.00 7.700000 % 0.00
A-I-8 76110FDX8 9,539,699.00 0.00 7.700000 % 0.00
A-I-9 76110FDY6 22,526,000.00 19,883,931.20 8.000000 % 3,013,820.41
A-I-10 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I-11 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I-12 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 9,948,025.96 8.000000 % 414,420.40
A-P 76110FED1 601,147.92 334,038.28 0.000000 % 3,935.35
A-V-1 796QS7AV1 0.00 0.00 0.895792 % 0.00
A-V-2 796QS7AV2 0.00 0.00 0.502645 % 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 8,748,356.92 8.000000 % 38,680.79
M-2 76110FEH2 5,126,400.00 4,920,410.87 8.000000 % 21,755.56
M-3 76110FEJ8 3,645,500.00 3,499,016.42 8.000000 % 15,470.87
B-1 1,822,700.00 1,749,460.23 8.000000 % 7,735.22
B-2 569,600.00 546,712.34 8.000000 % 2,417.28
B-3 1,366,716.75 1,082,046.72 8.000000 % 4,784.20
- -------------------------------------------------------------------------------
227,839,864.67 101,401,998.94 3,523,020.08
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 0.00 0.00 0.00 0.00 0.00
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 0.00 0.00 0.00 0.00 0.00
A-I-6 0.00 0.00 0.00 0.00 0.00
A-I-7 0.00 0.00 0.00 0.00 0.00
A-I-8 0.00 0.00 0.00 0.00 0.00
A-I-9 131,911.84 3,145,732.25 0.00 0.00 16,870,110.79
A-I-10 77,287.18 77,287.18 0.00 0.00 11,650,000.00
A-I-11 201,815.74 201,815.74 0.00 0.00 30,421,000.00
A-I-12 57,179.25 57,179.25 0.00 0.00 8,619,000.00
A-II 65,996.12 480,416.52 0.00 0.00 9,533,605.56
A-P 0.00 3,935.35 0.00 0.00 330,102.93
A-V-1 58,295.26 58,295.26 0.00 0.00 0.00
A-V-2 9,556.31 9,556.31 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 58,037.41 96,718.20 0.00 0.00 8,709,676.13
M-2 32,642.46 54,398.02 0.00 0.00 4,898,655.31
M-3 23,212.80 38,683.67 0.00 0.00 3,483,545.55
B-1 11,606.08 19,341.30 0.00 0.00 1,741,725.01
B-2 3,626.94 6,044.22 0.00 0.00 544,295.06
B-3 7,178.39 11,962.59 0.00 0.00 1,070,148.45
- -------------------------------------------------------------------------------
738,345.78 4,261,365.86 0.00 0.00 97,871,864.79
===============================================================================
Run: 06/28/99 11:50:01
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7(POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-9 882.710255 133.792969 5.855982 139.648951 0.000000 748.917286
A-I-10 1000.000000 0.000000 6.634093 6.634093 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.634093 6.634093 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.634093 6.634093 0.000000 1000.000000
A-II 494.828191 20.613828 3.282736 23.896564 0.000000 474.214363
A-P 555.667364 6.546393 0.000000 6.546393 0.000000 549.120971
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-1 959.817976 4.243827 6.367521 10.611348 0.000000 955.574148
M-2 959.817976 4.243828 6.367521 10.611349 0.000000 955.574148
M-3 959.817973 4.243827 6.367522 10.611349 0.000000 955.574146
B-1 959.817979 4.243825 6.367521 10.611346 0.000000 955.574154
B-2 959.818013 4.243820 6.367521 10.611341 0.000000 955.574192
B-3 791.712489 3.500506 5.252288 8.752794 0.000000 783.006757
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:50:02 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4228
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 20,664.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 58,710.70
MASTER SERVICER ADVANCES THIS MONTH 1,716.55
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 4,817,937.56
(B) TWO MONTHLY PAYMENTS: 4 373,433.74
(C) THREE OR MORE MONTHLY PAYMENTS: 4 862,776.83
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 879,989.70
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 97,871,864.79
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,091
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 209,121.58
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,334,690.01
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 79.67110110 % 16.93042000 % 3.33151150 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 79.03662480 % 17.46352440 % 3.44075040 %
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 9.10796600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 295.23
POOL TRADING FACTOR: 42.95642684
................................................................................
Run: 06/28/99 09:01:08 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 4,000,000.00 523,373.92 7.400000 % 126,838.04
A-2 76110FEL3 4,074,824.00 0.00 7.300000 % 0.00
A-3 76110FEM1 13,128,206.00 1,149,705.90 7.050000 % 1,074,115.78
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 0.00 7.400000 % 0.00
A-6 76110FEQ2 2,600,500.00 2,137,262.96 7.400000 % 517,958.97
A-7 76110FER0 31,579,563.00 6,247,284.94 5.421250 % 1,010,950.83
A-8 76110FES8 0.00 0.00 3.578750 % 0.00
A-9 76110FET6 32,965,000.00 0.00 0.000000 % 0.00
A-10 76110FEU3 20,953,719.00 12,510,776.07 7.400000 % 817,510.84
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 68,697.43 0.000000 % 813.07
A-15-1 96QS8A151 0.00 0.00 1.002144 % 0.00
A-15-2 96QS8A152 0.00 0.00 0.561849 % 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 6,391,386.91 7.750000 % 5,148.86
M-2 76110FFC2 4,440,700.00 4,260,956.61 7.750000 % 3,432.60
M-3 76110FFD0 3,108,500.00 2,982,679.23 7.750000 % 2,402.83
B-1 1,509,500.00 1,448,400.92 7.750000 % 1,166.82
B-2 444,000.00 426,028.50 7.750000 % 343.21
B-3 1,154,562.90 963,684.20 7.750000 % 776.25
- -------------------------------------------------------------------------------
177,623,205.60 79,497,343.59 3,561,458.10
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 3,197.80 130,035.84 0.00 0.00 396,535.88
A-2 0.00 0.00 0.00 0.00 0.00
A-3 6,692.44 1,080,808.22 0.00 0.00 75,590.12
A-4 22,694.12 22,694.12 0.00 0.00 3,765,148.00
A-5 0.00 0.00 0.00 0.00 0.00
A-6 13,058.65 531,017.62 0.00 0.00 1,619,303.99
A-7 27,963.99 1,038,914.82 0.00 0.00 5,236,334.11
A-8 18,459.98 18,459.98 0.00 0.00 0.00
A-9 0.00 0.00 0.00 0.00 0.00
A-10 76,440.66 893,951.50 0.00 0.00 11,693,265.23
A-11 89,425.62 89,425.62 0.00 0.00 13,975,000.00
A-12 12,797.94 12,797.94 0.00 0.00 2,000,000.00
A-13 132,119.28 132,119.28 0.00 0.00 20,646,958.00
A-14 0.00 813.07 0.00 0.00 67,884.36
A-15-1 52,393.67 52,393.67 0.00 0.00 0.00
A-15-2 7,504.78 7,504.78 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 40,898.30 46,047.16 0.00 0.00 6,386,238.05
M-2 27,265.74 30,698.34 0.00 0.00 4,257,524.01
M-3 19,086.08 21,488.91 0.00 0.00 2,980,276.40
B-1 9,268.28 10,435.10 0.00 0.00 1,447,234.10
B-2 2,726.14 3,069.35 0.00 0.00 425,685.29
B-3 6,166.58 6,942.83 0.00 0.00 930,997.71
- -------------------------------------------------------------------------------
568,160.05 4,129,618.15 0.00 0.00 75,903,975.25
===============================================================================
Run: 06/28/99 09:01:08
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-1 130.843480 31.709509 0.799450 32.508959 0.000000 99.133971
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 87.575248 81.817407 0.509776 82.327183 0.000000 5.757841
A-4 1000.000000 0.000000 6.027418 6.027418 0.000000 1000.000000
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 821.866164 199.176686 5.021592 204.198278 0.000000 622.689478
A-7 197.826833 32.012819 0.885509 32.898328 0.000000 165.814014
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-10 597.067092 39.015071 3.648071 42.663142 0.000000 558.052021
A-11 1000.000000 0.000000 6.398971 6.398971 0.000000 1000.000000
A-12 1000.000000 0.000000 6.398970 6.398970 0.000000 1000.000000
A-13 1000.000000 0.000000 6.398971 6.398971 0.000000 1000.000000
A-14 593.115544 7.019833 0.000000 7.019833 0.000000 586.095712
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-1 959.523632 0.772986 6.139964 6.912950 0.000000 958.750646
M-2 959.523636 0.772986 6.139964 6.912950 0.000000 958.750650
M-3 959.523638 0.772987 6.139965 6.912952 0.000000 958.750651
B-1 959.523630 0.772984 6.139967 6.912951 0.000000 958.750646
B-2 959.523649 0.772995 6.139955 6.912950 0.000000 958.750653
B-3 834.674490 0.672332 5.341052 6.013384 0.000000 806.363785
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:09 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8 (POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4231
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 16,144.19
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 37,909.73
MASTER SERVICER ADVANCES THIS MONTH 922.39
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 2,873,741.83
(B) TWO MONTHLY PAYMENTS: 6 574,650.90
(C) THREE OR MORE MONTHLY PAYMENTS: 1 230,800.28
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 981,502.50
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 75,903,975.25
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 845
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 117,665.87
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,466,624.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 79.26045930 % 17.16637900 % 3.57316130 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 78.33754960 % 17.94904472 % 3.69733870 %
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 8.99243971
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 316.45
POOL TRADING FACTOR: 42.73314120
................................................................................
Run: 06/28/99 09:01:15 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1(POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4237
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FFE8 33,258,000.00 0.00 6.750000 % 0.00
A-2 76110FFF5 10,146,000.00 0.00 6.750000 % 0.00
A-3 76110FFG3 24,816,000.00 0.00 6.750000 % 0.00
A-4 76110FFH1 15,938,000.00 0.00 6.750000 % 0.00
A-5 76110FFJ7 10,253,000.00 1,860,262.15 6.750000 % 778,804.16
A-6 76110FFK4 31,511,646.00 10,655,567.11 11.000000 % 876,154.63
A-7 76110FFL2 17,652,000.00 12,874,366.46 6.750000 % 3,309,917.58
A-8 76110FFM0 5,655,589.00 5,655,589.00 6.750000 % 0.00
A-9 76110FFN8 19,068,000.00 19,068,000.00 6.750000 % 0.00
A-10 76110FFP3 10,267,765.00 10,267,765.00 6.750000 % 0.00
A-11 76110FFQ1 47,506,000.00 47,506,000.00 7.500000 % 0.00
A-12 76110FFR9 212,947.62 129,441.81 0.000000 % 152.04
A-13-1 0.00 0.00 1.015246 % 0.00
A-13-2 0.00 0.00 0.653597 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,173,298.24 7.500000 % 7,175.09
M-2 76110FFW8 6,251,000.00 6,115,206.07 7.500000 % 4,783.14
M-3 76110FFW8 4,375,700.00 4,280,644.25 7.500000 % 3,348.20
B-1 1,624,900.00 1,589,601.39 7.500000 % 1,243.34
B-2 624,800.00 611,227.13 7.500000 % 478.08
B-3 1,500,282.64 1,366,222.43 7.500000 % 1,068.61
- -------------------------------------------------------------------------------
250,038,730.26 131,153,191.04 4,983,124.87
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00
A-5 10,397.02 789,201.18 0.00 0.00 1,081,457.99
A-6 97,051.09 973,205.72 0.00 0.00 9,779,412.48
A-7 71,954.97 3,381,872.55 0.00 0.00 9,564,448.88
A-8 31,609.15 31,609.15 0.00 0.00 5,655,589.00
A-9 106,571.25 106,571.25 0.00 0.00 19,068,000.00
A-10 57,386.65 57,386.65 0.00 0.00 10,267,765.00
A-11 295,012.82 295,012.82 0.00 0.00 47,506,000.00
A-12 0.00 152.04 0.00 0.00 129,289.77
A-13-1 87,826.06 87,826.06 0.00 0.00 0.00
A-13-2 14,436.58 14,436.58 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 56,966.29 64,141.38 0.00 0.00 9,166,123.15
M-2 37,975.50 42,758.64 0.00 0.00 6,110,422.93
M-3 26,582.85 29,931.05 0.00 0.00 4,277,296.05
B-1 9,871.44 11,114.78 0.00 0.00 1,588,358.05
B-2 3,795.73 4,273.81 0.00 0.00 610,749.05
B-3 8,484.26 9,552.87 0.00 0.00 1,358,904.79
- -------------------------------------------------------------------------------
915,921.66 5,899,046.53 0.00 0.00 126,163,817.14
===============================================================================
Run: 06/28/99 09:01:15
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1(POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4237
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-5 181.435887 75.958662 1.014047 76.972709 0.000000 105.477225
A-6 338.146954 27.804153 3.079848 30.884001 0.000000 310.342801
A-7 729.343217 187.509494 4.076307 191.585801 0.000000 541.833723
A-8 1000.000000 0.000000 5.589011 5.589011 0.000000 1000.000000
A-9 1000.000000 0.000000 5.589010 5.589010 0.000000 1000.000000
A-10 1000.000000 0.000000 5.589011 5.589011 0.000000 1000.000000
A-11 1000.000000 0.000000 6.210012 6.210012 0.000000 1000.000000
A-12 607.857510 0.713978 0.000000 0.713978 0.000000 607.143531
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-1 978.276447 0.765180 6.075108 6.840288 0.000000 977.511267
M-2 978.276447 0.765180 6.075108 6.840288 0.000000 977.511267
M-3 978.276447 0.765180 6.075108 6.840288 0.000000 977.511267
B-1 978.276442 0.765179 6.075106 6.840285 0.000000 977.511262
B-2 978.276456 0.765173 6.075112 6.840285 0.000000 977.511284
B-3 910.643364 0.712272 5.655108 6.367380 0.000000 905.765856
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:15 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS1 (POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4237
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 27,013.40
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 33,501.57
MASTER SERVICER ADVANCES THIS MONTH 1,492.32
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 1,865,737.57
(B) TWO MONTHLY PAYMENTS: 8 1,004,462.50
(C) THREE OR MORE MONTHLY PAYMENTS: 3 286,143.88
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,103,693.99
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 126,163,817.14
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,327
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 181,632.22
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,886,746.66
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 82.34198030 % 14.93557400 % 2.72244610 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 81.66228370 % 15.49877181 % 2.82304540 %
BANKRUPTCY AMOUNT AVAILABLE 182,005.00
FRAUD AMOUNT AVAILABLE 1,451,267.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,451,267.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.76878496
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 321.42
POOL TRADING FACTOR: 50.45770990
................................................................................
Run: 06/28/99 09:01:18 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 7,947,871.11 9.000000 % 576,876.40
A-2 76110FFZ1 37,000,000.00 0.00 7.250000 % 0.00
A-3 76110FGA5 5,200,000.00 0.00 7.250000 % 0.00
A-4 76110FGB3 18,200,000.00 10,460,268.72 7.250000 % 1,243,876.64
A-5 76110FGC1 10,000,000.00 2,037,980.37 7.250000 % 198,314.45
A-6 76110FGD9 7,371,430.00 7,371,430.00 7.250000 % 0.00
A-7 76110FGE7 10,400,783.00 10,400,783.00 7.750000 % 0.00
A-8 76110FGF4 31,000,000.00 31,000,000.00 7.750000 % 0.00
A-9 76110FGG2 130,561.76 90,886.65 0.000000 % 95.88
A-10-1 97QS2A101 0.00 0.00 0.800746 % 0.00
A-10-2 97QS2A102 0.00 0.00 0.453362 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,808,639.66 7.750000 % 3,818.80
M-2 76110FGL1 4,109,600.00 4,007,134.72 7.750000 % 3,182.28
M-3 76110FGM9 2,630,200.00 2,564,620.82 7.750000 % 2,036.70
B-1 1,068,500.00 1,041,858.92 7.750000 % 827.40
B-2 410,900.00 400,654.98 7.750000 % 318.18
B-3 821,738.81 774,037.69 7.750000 % 614.71
- -------------------------------------------------------------------------------
164,383,983.57 82,906,166.64 2,029,961.44
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 59,537.86 636,414.26 0.00 0.00 7,370,994.71
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 63,122.01 1,306,998.65 0.00 0.00 9,216,392.08
A-5 12,298.10 210,612.55 0.00 0.00 1,839,665.92
A-6 44,482.55 44,482.55 0.00 0.00 7,371,430.00
A-7 67,091.52 67,091.52 0.00 0.00 10,400,783.00
A-8 199,969.30 199,969.30 0.00 0.00 31,000,000.00
A-9 0.00 95.88 0.00 0.00 90,790.77
A-10-1 44,119.36 44,119.36 0.00 0.00 0.00
A-10-2 6,305.42 6,305.42 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,018.72 34,837.52 0.00 0.00 4,804,820.86
M-2 25,848.51 29,030.79 0.00 0.00 4,003,952.44
M-3 16,543.41 18,580.11 0.00 0.00 2,562,584.12
B-1 6,720.64 7,548.04 0.00 0.00 1,041,031.52
B-2 2,584.47 2,902.65 0.00 0.00 400,336.80
B-3 4,993.02 5,607.73 0.00 0.00 773,422.98
- -------------------------------------------------------------------------------
584,634.89 2,614,596.33 0.00 0.00 80,876,205.20
===============================================================================
Run: 06/28/99 09:01:18
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-1 255.488154 18.543970 1.913873 20.457843 0.000000 236.944183
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-4 574.740040 68.344870 3.468242 71.813112 0.000000 506.395169
A-5 203.798037 19.831445 1.229810 21.061255 0.000000 183.966592
A-6 1000.000000 0.000000 6.034453 6.034453 0.000000 1000.000000
A-7 1000.000000 0.000000 6.450622 6.450622 0.000000 1000.000000
A-8 1000.000000 0.000000 6.450623 6.450623 0.000000 1000.000000
A-9 696.119982 0.734365 0.000000 0.734365 0.000000 695.385617
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-1 975.066846 0.774353 6.289788 7.064141 0.000000 974.292493
M-2 975.066848 0.774353 6.289787 7.064140 0.000000 974.292496
M-3 975.066847 0.774352 6.289792 7.064144 0.000000 974.292495
B-1 975.066841 0.774357 6.289789 7.064146 0.000000 974.292485
B-2 975.066878 0.774349 6.289779 7.064128 0.000000 974.292529
B-3 941.950995 0.748048 6.076164 6.824212 0.000000 941.202935
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:19 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1997-QS2 (POOL # 4240)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4240
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 16,997.05
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 26,555.10
MASTER SERVICER ADVANCES THIS MONTH 3,142.55
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 17 1,986,443.74
(B) TWO MONTHLY PAYMENTS: 7 932,588.87
(C) THREE OR MORE MONTHLY PAYMENTS: 2 254,023.52
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 172,214.26
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 80,876,205.20
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 914
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 374,284.21
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,964,114.44
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.58159650 % 13.74190300 % 2.67650070 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.18242370 % 14.06020150 % 2.74157320 %
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 8.80034765
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 321.69
POOL TRADING FACTOR: 49.19956522
................................................................................
Run: 06/28/99 09:01:20 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS3(POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FGS6 32,109,000.00 0.00 7.250000 % 0.00
A-2 76110FGT4 26,579,000.00 0.00 7.500000 % 0.00
A-3 76110FGU1 16,821,000.00 10,612,479.81 7.500000 % 2,459,720.33
A-4 76110FGV9 23,490,000.00 23,490,000.00 7.750000 % 0.00
A-5 76110FGW7 7,138,000.00 7,138,000.00 7.750000 % 0.00
A-6 76110FGX5 1,000,000.00 1,000,000.00 7.750000 % 0.00
A-7 76110FGY3 15,374,000.00 1,516,068.55 9.500000 % 351,388.62
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 72,199.51 0.000000 % 95.84
A-10-1 97QS3A101 0.00 0.00 0.802669 % 0.00
A-10-2 97QS3A102 0.00 0.00 0.518488 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,234,643.67 7.750000 % 20,730.02
M-2 76110FHE6 4,112,900.00 4,026,701.71 7.750000 % 15,946.38
M-3 76110FHF3 2,632,200.00 2,577,034.24 7.750000 % 10,205.47
B-1 1,069,400.00 1,046,987.48 7.750000 % 4,146.24
B-2 411,200.00 402,582.07 7.750000 % 1,594.29
B-3 823,585.68 573,089.40 7.750000 % 2,269.53
- -------------------------------------------------------------------------------
164,514,437.18 85,189,786.44 2,866,096.72
===============================================================================
_______________________________________________________________________________
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 66,294.11 2,526,014.44 0.00 0.00 8,152,759.48
A-4 151,628.74 151,628.74 0.00 0.00 23,490,000.00
A-5 46,076.03 46,076.03 0.00 0.00 7,138,000.00
A-6 6,455.03 6,455.03 0.00 0.00 1,000,000.00
A-7 11,996.08 363,384.70 0.00 0.00 1,164,679.93
A-8 177,513.43 177,513.43 0.00 0.00 27,500,000.00
A-9 0.00 95.84 0.00 0.00 72,103.67
A-10-1 43,226.73 43,226.73 0.00 0.00 0.00
A-10-2 8,866.90 8,866.90 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 33,789.80 54,519.82 0.00 0.00 5,213,913.65
M-2 25,992.49 41,938.87 0.00 0.00 4,010,755.33
M-3 16,634.85 26,840.32 0.00 0.00 2,566,828.77
B-1 6,758.34 10,904.58 0.00 0.00 1,042,841.24
B-2 2,598.68 4,192.97 0.00 0.00 400,987.78
B-3 3,699.31 5,968.84 0.00 0.00 540,474.14
- -------------------------------------------------------------------------------
601,530.52 3,467,627.24 0.00 0.00 82,293,343.99
===============================================================================
Run: 06/28/99 09:01:20
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS3(POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 630.906594 146.229138 3.941152 150.170290 0.000000 484.677456
A-4 1000.000000 0.000000 6.455034 6.455034 0.000000 1000.000000
A-5 1000.000000 0.000000 6.455034 6.455034 0.000000 1000.000000
A-6 1000.000000 0.000000 6.455030 6.455030 0.000000 1000.000000
A-7 98.612498 22.856031 0.780284 23.636315 0.000000 75.756468
A-8 1000.000000 0.000000 6.455034 6.455034 0.000000 1000.000000
A-9 672.552410 0.892768 0.000000 0.892768 0.000000 671.659642
A-10-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-10-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 979.041964 3.877162 6.319749 10.196911 0.000000 975.164803
M-2 979.041968 3.877162 6.319748 10.196910 0.000000 975.164806
M-3 979.041957 3.877164 6.319752 10.196916 0.000000 975.164794
B-1 979.041967 3.877165 6.319749 10.196914 0.000000 975.164803
B-2 979.041999 3.877164 6.319747 10.196911 0.000000 975.164835
B-3 695.846727 2.755670 4.491712 7.247382 0.000000 656.245187
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:20 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 17,391.84
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 35,397.56
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,657,985.38
(B) TWO MONTHLY PAYMENTS: 6 817,430.42
(C) THREE OR MORE MONTHLY PAYMENTS: 3 309,989.45
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 699,743.30
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 82,293,343.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 857
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 2,399,926.80
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 274,553.86
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.71542350 % 13.90826500 % 2.37631140 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.24544750 % 14.32861660 % 2.41337050 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 850,914.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,609,783.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.79915394
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 326.09
POOL TRADING FACTOR: 50.02195880
................................................................................
Run: 06/28/99 09:01:22 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS4(POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FHK2 43,231,010.00 0.00 7.250000 % 0.00
A-2 76110FHL0 35,775,000.00 0.00 7.250000 % 0.00
A-3 76110FHM8 22,398,546.00 15,821,244.23 7.250000 % 4,157,930.48
A-4 76110FHN6 24,498,244.00 5,479,731.57 10.000000 % 923,984.43
A-5 76110FHP1 17,675,100.00 17,675,100.00 7.500000 % 0.00
A-6 76110FHQ9 7,150,100.00 7,150,100.00 7.750000 % 0.00
A-7 76110FHR7 52,000,000.00 52,000,000.00 7.750000 % 0.00
A-8 76110FHS5 155,284.33 120,721.55 0.000000 % 132.92
A-9-1 797QS4A91 0.00 0.00 0.807699 % 0.00
A-9-2 797QS4A92 0.00 0.00 0.515847 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,058,263.73 7.750000 % 16,934.59
M-2 76110FHW6 4,975,300.00 4,886,452.49 7.750000 % 11,723.86
M-3 76110FHX4 3,316,900.00 3,257,667.74 7.750000 % 7,815.98
B-1 1,216,200.00 1,194,481.45 7.750000 % 2,865.87
B-2 552,900.00 543,026.47 7.750000 % 1,302.86
B-3 995,114.30 947,701.18 7.750000 % 2,273.78
- -------------------------------------------------------------------------------
221,126,398.63 116,134,490.41 5,124,964.77
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 94,728.83 4,252,659.31 0.00 0.00 11,663,313.75
A-4 45,254.61 969,239.04 0.00 0.00 4,555,747.14
A-5 109,477.96 109,477.96 0.00 0.00 17,675,100.00
A-6 45,763.30 45,763.30 0.00 0.00 7,150,100.00
A-7 332,819.37 332,819.37 0.00 0.00 52,000,000.00
A-8 0.00 132.92 0.00 0.00 120,588.63
A-9-1 61,580.11 61,580.11 0.00 0.00 0.00
A-9-2 10,146.10 10,146.10 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,175.52 62,110.11 0.00 0.00 7,041,329.14
M-2 31,275.12 42,998.98 0.00 0.00 4,874,728.63
M-3 20,850.28 28,666.26 0.00 0.00 3,249,851.76
B-1 7,645.13 10,511.00 0.00 0.00 1,191,615.58
B-2 3,475.58 4,778.44 0.00 0.00 541,723.61
B-3 6,065.64 8,339.42 0.00 0.00 943,716.40
- -------------------------------------------------------------------------------
814,257.55 5,939,222.32 0.00 0.00 111,007,814.64
===============================================================================
Run: 06/28/99 09:01:22
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS4(POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4247
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 706.351396 185.633946 4.229240 189.863186 0.000000 520.717450
A-4 223.678545 37.716353 1.847259 39.563612 0.000000 185.962192
A-5 1000.000000 0.000000 6.193909 6.193909 0.000000 1000.000000
A-6 1000.000000 0.000000 6.400372 6.400372 0.000000 1000.000000
A-7 1000.000000 0.000000 6.400373 6.400373 0.000000 1000.000000
A-8 777.422616 0.855978 0.000000 0.855978 0.000000 776.566638
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 982.142283 2.356412 6.286077 8.642489 0.000000 979.785871
M-2 982.142281 2.356413 6.286077 8.642490 0.000000 979.785868
M-3 982.142283 2.356411 6.286074 8.642485 0.000000 979.785872
B-1 982.142287 2.356413 6.286080 8.642493 0.000000 979.785874
B-2 982.142286 2.356412 6.286092 8.642504 0.000000 979.785875
B-3 952.354096 2.284944 6.095420 8.380364 0.000000 948.349750
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:23 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4247
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 23,585.86
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 22,855.79
MASTER SERVICER ADVANCES THIS MONTH 1,381.02
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 2,105,384.24
(B) TWO MONTHLY PAYMENTS: 4 236,920.76
(C) THREE OR MORE MONTHLY PAYMENTS: 2 201,001.37
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 338,904.95
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 111,007,814.64
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,166
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 175,702.99
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,837,124.04
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.58149130 % 13.10394800 % 2.31456070 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.90890840 % 13.66201972 % 2.41421460 %
BANKRUPTCY AMOUNT AVAILABLE 123,032.00
FRAUD AMOUNT AVAILABLE 112,437.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,380,465.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81210266
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 325.83
POOL TRADING FACTOR: 50.20106841
................................................................................
Run: 06/28/99 09:01:23 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 6,409,964.20 10.000000 % 685,624.31
A-4 76110FJC8 24,000,000.00 5,308,146.97 7.250000 % 1,828,331.51
A-5 76110FJD6 11,785,091.00 11,785,091.00 7.250000 % 0.00
A-6 76110FJE4 18,143,000.00 18,143,000.00 8.000000 % 0.00
A-7 76110FJF1 4,767,000.00 4,767,000.00 8.000000 % 0.00
A-8 76110FJG9 0.00 0.00 0.750000 % 0.00
A-9 76110FJH7 42,917,000.00 42,917,000.00 7.250000 % 0.00
A-10 76110FJJ3 340,158.57 227,667.29 0.000000 % 1,070.37
A-11-1 0.00 0.00 0.709433 % 0.00
A-11-2 0.00 0.00 0.341001 % 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 6,600,220.61 8.000000 % 8,693.00
M-2 76110FJP9 4,330,000.00 4,246,501.52 8.000000 % 5,592.97
M-3 76110FJQ7 2,886,000.00 2,830,347.22 8.000000 % 3,727.79
B-1 1,058,000.00 1,037,597.81 8.000000 % 1,366.60
B-2 481,000.00 471,724.54 8.000000 % 621.30
B-3 866,066.26 762,174.83 8.000000 % 1,003.84
- -------------------------------------------------------------------------------
192,360,424.83 105,506,435.99 2,536,031.69
===============================================================================
_______________________________________________________________________________
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 53,400.12 739,024.43 0.00 0.00 5,724,339.89
A-4 32,060.29 1,860,391.80 0.00 0.00 3,479,815.46
A-5 71,179.93 71,179.93 0.00 0.00 11,785,091.00
A-6 120,916.53 120,916.53 0.00 0.00 18,143,000.00
A-7 31,770.33 31,770.33 0.00 0.00 4,767,000.00
A-8 26,814.97 26,814.97 0.00 0.00 0.00
A-9 259,211.32 259,211.32 0.00 0.00 42,917,000.00
A-10 0.00 1,070.37 0.00 0.00 226,596.92
A-11-1 47,553.92 47,553.92 0.00 0.00 0.00
A-11-2 7,114.76 7,114.76 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 43,988.08 52,681.08 0.00 0.00 6,591,527.61
M-2 28,301.40 33,894.37 0.00 0.00 4,240,908.55
M-3 18,863.24 22,591.03 0.00 0.00 2,826,619.43
B-1 6,915.22 8,281.82 0.00 0.00 1,036,231.21
B-2 3,143.87 3,765.17 0.00 0.00 471,103.24
B-3 5,079.62 6,083.46 0.00 0.00 761,170.99
- -------------------------------------------------------------------------------
756,313.60 3,292,345.29 0.00 0.00 102,970,404.30
===============================================================================
Run: 06/28/99 09:01:23
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-3 213.972817 22.887018 1.782564 24.669582 0.000000 191.085799
A-4 221.172790 76.180480 1.335845 77.516325 0.000000 144.992311
A-5 1000.000000 0.000000 6.039829 6.039829 0.000000 1000.000000
A-6 1000.000000 0.000000 6.664638 6.664638 0.000000 1000.000000
A-7 1000.000000 0.000000 6.664638 6.664638 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 6.039829 6.039829 0.000000 1000.000000
A-10 669.297528 3.146680 0.000000 3.146680 0.000000 666.150848
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-1 980.716287 1.291679 6.536119 7.827798 0.000000 979.424608
M-2 980.716286 1.291679 6.536120 7.827799 0.000000 979.424607
M-3 980.716292 1.291681 6.536119 7.827800 0.000000 979.424612
B-1 980.716267 1.291682 6.536125 7.827807 0.000000 979.424584
B-2 980.716299 1.291684 6.536112 7.827796 0.000000 979.424615
B-3 880.042169 1.159080 5.865163 7.024243 0.000000 878.883093
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:23 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS5 (POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4248
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 21,623.91
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 34,904.03
MASTER SERVICER ADVANCES THIS MONTH 2,735.49
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 25 2,339,666.38
(B) TWO MONTHLY PAYMENTS: 3 400,603.81
(C) THREE OR MORE MONTHLY PAYMENTS: 5 622,677.43
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 996,813.05
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 102,970,404.30
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,057
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 337,861.40
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,397,126.41
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 61,612.13
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.85110840 % 12.99128900 % 2.15760230 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.49778980 % 13.26503055 % 2.20792430 %
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 8.92913826
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 327.72
POOL TRADING FACTOR: 53.52993184
................................................................................
Run: 06/28/99 09:01:24 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 3,406,101.53 7.500000 % 1,998,161.68
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 19,704,310.90 7.500000 % 74,681.68
A-6 76110FJW4 164,986.80 92,558.82 0.000000 % 2,266.91
A-7-1 0.00 0.00 0.844159 % 0.00
A-7-2 0.00 0.00 0.353825 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,458,199.07 7.500000 % 9,316.87
M-2 76110FKA0 1,061,700.00 983,224.06 7.500000 % 3,726.54
M-3 76110FKB8 690,100.00 639,091.01 7.500000 % 2,422.23
B-1 371,600.00 344,133.04 7.500000 % 1,304.31
B-2 159,300.00 147,525.27 7.500000 % 559.14
B-3 372,446.48 344,916.99 7.500000 % 1,307.26
- -------------------------------------------------------------------------------
106,172,633.28 64,595,060.69 2,093,746.62
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 21,270.35 2,019,432.03 0.00 0.00 1,407,939.85
A-2 97,936.90 97,936.90 0.00 0.00 15,683,000.00
A-3 117,064.67 117,064.67 0.00 0.00 18,746,000.00
A-4 12,776.82 12,776.82 0.00 0.00 2,046,000.00
A-5 123,049.11 197,730.79 0.00 0.00 19,629,629.22
A-6 0.00 2,266.91 0.00 0.00 90,291.91
A-7-1 37,692.89 37,692.89 0.00 0.00 0.00
A-7-2 3,231.44 3,231.44 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,350.91 24,667.78 0.00 0.00 2,448,882.20
M-2 6,140.02 9,866.56 0.00 0.00 979,497.52
M-3 3,990.98 6,413.21 0.00 0.00 636,668.78
B-1 2,149.03 3,453.34 0.00 0.00 342,828.73
B-2 921.26 1,480.40 0.00 0.00 146,966.13
B-3 2,153.93 3,461.19 0.00 0.00 343,609.73
- -------------------------------------------------------------------------------
443,728.31 2,537,474.93 0.00 0.00 62,501,314.07
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 79.311264 46.527306 0.495281 47.022587 0.000000 32.783958
A-2 1000.000000 0.000000 6.244781 6.244781 0.000000 1000.000000
A-3 1000.000000 0.000000 6.244781 6.244781 0.000000 1000.000000
A-4 1000.000000 0.000000 6.244780 6.244780 0.000000 1000.000000
A-5 926.085017 3.509972 5.783198 9.293170 0.000000 922.575044
A-6 561.007426 13.739948 0.000000 13.739948 0.000000 547.267478
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-1 926.084641 3.509972 5.783194 9.293166 0.000000 922.574669
M-2 926.084638 3.509975 5.783197 9.293172 0.000000 922.574663
M-3 926.084640 3.509970 5.783191 9.293161 0.000000 922.574670
B-1 926.084607 3.509984 5.783181 9.293165 0.000000 922.574623
B-2 926.084557 3.509981 5.783176 9.293157 0.000000 922.574576
B-3 926.084709 3.509981 5.783193 9.293174 0.000000 922.574782
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:24 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4249
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 13,288.32
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 18,836.81
MASTER SERVICER ADVANCES THIS MONTH 1,560.65
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 1,593,850.84
(B) TWO MONTHLY PAYMENTS: 1 34,278.33
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 155,413.56
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 62,501,314.07
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 935
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 153,081.39
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,848,895.78
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.37690120 % 6.32613300 % 1.29696570 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.15130130 % 6.50394085 % 1.33534840 %
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 8.57550517
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 147.73
POOL TRADING FACTOR: 58.86763108
................................................................................
Run: 06/28/99 11:43:05 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR1(POOL # 3328)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 3328
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 24,934,336.17 6,745,897.05 7.672760 % 919,842.67
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
24,934,336.17 6,745,897.05 919,842.67
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 40,410.68 960,253.35 0.00 0.00 5,826,054.38
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
40,410.68 960,253.35 0.00 0.00 5,826,054.38
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 270.546487 36.890602 1.620684 38.511286 0.000000 233.655885
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:43:05 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR1 (POOL # 3328)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 3328
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 1,981.51
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 274.85
SUBSERVICER ADVANCES THIS MONTH 2,736.13
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 0 0.00
(B) TWO MONTHLY PAYMENTS: 2 379,670.20
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 5,826,054.35
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 40
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 915,065.14
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 100.00000040 % 0.00000000 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 100.00000050 % 0.00000000 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.89061400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.93
POOL TRADING FACTOR: 23.36558836
................................................................................
Run: 06/28/99 11:42:42 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR2(POOL # 3333)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 3333
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 30,798,565.76 5,825,048.86 7.993522 % 341,291.23
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
30,798,565.76 5,825,048.86 341,291.23
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 37,571.88 378,863.11 0.00 0.00 5,483,757.63
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
37,571.88 378,863.11 0.00 0.00 5,483,757.63
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 189.133770 11.081400 1.219923 12.301323 0.000000 178.052370
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:42:42 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR2 (POOL # 3333)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 3333
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 1,747.75
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 239.63
SUBSERVICER ADVANCES THIS MONTH 1,488.51
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 0 0.00
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 1 205,250.90
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 5,483,757.59
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 37
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 336,996.61
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 100.00000070 % 0.00000000 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 100.00000070 % 0.00000000 %
CLASS R - STRIP PASS-THROUGH FOR NEXT DISTRIBUTION 0.7940 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.38958400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.76
POOL TRADING FACTOR: 17.80523688
................................................................................
Run: 06/28/99 09:01:27 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 26,036,890.16 7.500000 % 3,087,758.91
A-2 76110FKD4 20,984,000.00 0.00 7.500000 % 0.00
A-3 76110FKE2 11,000,000.00 11,000,000.00 7.500000 % 0.00
A-4 76110FKF9 4,000,000.00 4,000,000.00 7.500000 % 0.00
A-5 76110FKG7 17,500,000.00 17,500,000.00 7.750000 % 0.00
A-6 76110FKH5 17,500,000.00 17,500,000.00 7.250000 % 0.00
A-7 76110FKJ1 21,925,000.00 10,862,412.84 9.500000 % 441,108.42
A-8 76110FKP7 156,262.27 46,214.02 0.000000 % 928.20
A-9-1 0.00 0.00 0.844124 % 0.00
A-9-2 0.00 0.00 0.577173 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,583,588.24 7.750000 % 4,777.60
M-2 76110FKM4 3,827,000.00 3,762,190.85 7.750000 % 2,730.16
M-3 76110FKN2 2,870,200.00 2,821,594.00 7.750000 % 2,047.58
B-1 1,052,400.00 1,034,577.93 7.750000 % 750.78
B-2 478,400.00 470,298.42 7.750000 % 341.29
B-3 861,188.35 846,604.34 7.750000 % 614.37
- -------------------------------------------------------------------------------
191,342,550.62 102,464,370.80 3,541,057.31
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 162,025.50 3,249,784.41 0.00 0.00 22,949,131.25
A-2 0.00 0.00 0.00 0.00 0.00
A-3 68,452.13 68,452.13 0.00 0.00 11,000,000.00
A-4 24,891.68 24,891.68 0.00 0.00 4,000,000.00
A-5 112,531.14 112,531.14 0.00 0.00 17,500,000.00
A-6 105,271.08 105,271.08 0.00 0.00 17,500,000.00
A-7 85,621.51 526,729.93 0.00 0.00 10,421,304.42
A-8 0.00 928.20 0.00 0.00 45,285.82
A-9-1 57,662.55 57,662.55 0.00 0.00 0.00
A-9-2 9,642.56 9,642.56 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,334.79 47,112.39 0.00 0.00 6,578,810.64
M-2 24,192.21 26,922.37 0.00 0.00 3,759,460.69
M-3 18,143.84 20,191.42 0.00 0.00 2,819,546.42
B-1 6,652.70 7,403.48 0.00 0.00 1,033,827.15
B-2 3,024.18 3,365.47 0.00 0.00 469,957.13
B-3 5,443.96 6,058.33 0.00 0.00 806,985.12
- -------------------------------------------------------------------------------
725,889.83 4,266,947.14 0.00 0.00 98,884,308.64
===============================================================================
Run: 06/28/99 09:01:27
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-1 315.633101 37.431464 1.964160 39.395624 0.000000 278.201637
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 1000.000000 0.000000 6.222921 6.222921 0.000000 1000.000000
A-4 1000.000000 0.000000 6.222920 6.222920 0.000000 1000.000000
A-5 1000.000000 0.000000 6.430351 6.430351 0.000000 1000.000000
A-6 1000.000000 0.000000 6.015490 6.015490 0.000000 1000.000000
A-7 495.435021 20.118970 3.905200 24.024170 0.000000 475.316051
A-8 295.746504 5.940014 0.000000 5.940014 0.000000 289.806490
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 983.065289 0.713394 6.321456 7.034850 0.000000 982.351895
M-2 983.065286 0.713394 6.321455 7.034849 0.000000 982.351892
M-3 983.065292 0.713393 6.321455 7.034848 0.000000 982.351899
B-1 983.065308 0.713398 6.321456 7.034854 0.000000 982.351910
B-2 983.065259 0.713399 6.321446 7.034845 0.000000 982.351860
B-3 983.065249 0.713398 6.321451 7.034849 0.000000 937.059959
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:27 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS7 (POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4255
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 20,803.63
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 42,223.92
MASTER SERVICER ADVANCES THIS MONTH 5,917.76
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 3,180,545.47
(B) TWO MONTHLY PAYMENTS: 6 970,394.15
(C) THREE OR MORE MONTHLY PAYMENTS: 2 280,875.80
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 939,217.30
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 98,884,308.64
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,032
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 741,391.77
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,415,669.55
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.84755610 % 12.85648300 % 2.29596080 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.34971660 % 13.30627471 % 2.33791200 %
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 8.86493024
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 327.47
POOL TRADING FACTOR: 51.67920482
................................................................................
Run: 06/28/99 09:01:28 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS8(POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FKU6 13,399,900.00 0.00 7.000000 % 0.00
A-2 76110FKV4 20,850,000.00 0.00 7.000000 % 0.00
A-3 76110FKW2 16,320,750.00 4,172,876.36 10.000000 % 273,385.91
A-4 76110FKX0 19,700,543.00 0.00 7.000000 % 0.00
A-5 76110FKY8 21,419,142.00 11,720,817.07 7.150000 % 1,952,756.51
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 9,595,847.74 7.500000 % 481,730.56
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 10,323.52 0.000000 % 10.19
A-12-1 0.00 0.00 0.953516 % 0.00
A-12-2 0.00 0.00 0.671867 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,509,693.42 7.500000 % 5,596.09
M-2 76110FLJ0 4,361,000.00 4,291,675.12 7.500000 % 3,198.08
M-3 76110FLK7 3,270,500.00 3,218,510.34 7.500000 % 2,398.37
B-1 1,199,000.00 1,179,940.03 7.500000 % 879.27
B-2 545,000.00 536,336.41 7.500000 % 399.67
B-3 981,461.72 827,543.85 7.500000 % 616.67
- -------------------------------------------------------------------------------
218,029,470.88 125,390,192.86 2,720,971.32
===============================================================================
_______________________________________________________________________________
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 34,764.51 308,150.42 0.00 0.00 3,899,490.45
A-4 0.00 0.00 0.00 0.00 0.00
A-5 69,817.54 2,022,574.05 0.00 0.00 9,768,060.56
A-6 38,193.00 38,193.00 0.00 0.00 6,323,320.00
A-7 99,638.08 99,638.08 0.00 0.00 16,496,308.00
A-8 59,957.74 541,688.30 0.00 0.00 9,114,117.18
A-9 30,720.81 30,720.81 0.00 0.00 5,000,001.00
A-10 340,576.08 340,576.08 0.00 0.00 54,507,000.00
A-11 0.00 10.19 0.00 0.00 10,313.33
A-12-1 77,239.82 77,239.82 0.00 0.00 0.00
A-12-2 15,760.75 15,760.75 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,922.81 52,518.90 0.00 0.00 7,504,097.33
M-2 26,815.67 30,013.75 0.00 0.00 4,288,477.04
M-3 20,110.22 22,508.59 0.00 0.00 3,216,111.97
B-1 7,372.62 8,251.89 0.00 0.00 1,179,060.76
B-2 3,351.19 3,750.86 0.00 0.00 535,936.74
B-3 5,170.74 5,787.41 0.00 0.00 826,927.18
- -------------------------------------------------------------------------------
876,411.58 3,597,382.90 0.00 0.00 122,669,221.54
===============================================================================
Run: 06/28/99 09:01:28
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-3 255.679203 16.750818 2.130080 18.880898 0.000000 238.928386
A-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-5 547.212259 91.168755 3.259586 94.428341 0.000000 456.043504
A-6 1000.000000 0.000000 6.040023 6.040023 0.000000 1000.000000
A-7 1000.000000 0.000000 6.040023 6.040023 0.000000 1000.000000
A-8 369.098948 18.529498 2.306241 20.835739 0.000000 350.569450
A-9 1000.000000 0.000000 6.144161 6.144161 0.000000 1000.000000
A-10 1000.000000 0.000000 6.248300 6.248300 0.000000 1000.000000
A-11 390.906791 0.385851 0.000000 0.385851 0.000000 390.520941
A-12-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-12-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 984.103449 0.733336 6.148973 6.882309 0.000000 983.370113
M-2 984.103444 0.733336 6.148973 6.882309 0.000000 983.370108
M-3 984.103452 0.733334 6.148974 6.882308 0.000000 983.370118
B-1 984.103445 0.733336 6.148974 6.882310 0.000000 983.370108
B-2 984.103505 0.733339 6.148972 6.882311 0.000000 983.370165
B-3 843.174862 0.628318 5.268407 5.896725 0.000000 842.546546
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:28 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 25,805.31
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 30,286.05
MASTER SERVICER ADVANCES THIS MONTH 1,141.93
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 2,930,918.72
(B) TWO MONTHLY PAYMENTS: 5 418,062.41
(C) THREE OR MORE MONTHLY PAYMENTS: 2 327,594.43
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 208,289.07
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 122,669,221.54
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,226
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 135,404.50
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,627,531.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.99161150 % 11.97949800 % 2.02889050 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.69153170 % 12.23508730 % 2.07235230 %
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 8.72013978
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.56
POOL TRADING FACTOR: 56.26267910
................................................................................
Run: 06/28/99 09:01:31 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS9(POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4263
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FLL5 53,750,000.00 0.00 6.750000 % 0.00
A-2 76110FLM3 17,420,000.00 0.00 6.750000 % 0.00
A-3 76110FLN1 22,971,538.00 7,087,309.67 10.000000 % 953,528.32
A-4 76110FLP6 38,010,000.00 21,816,742.09 6.750000 % 5,244,405.88
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 1.040377 % 0.00
A-9-2 0.00 0.00 0.756644 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,015,818.57 7.250000 % 8,441.08
M-2 76110FLX9 5,420,000.00 5,343,879.03 7.250000 % 5,627.39
M-3 76110FLY2 4,065,000.00 4,007,909.26 7.250000 % 4,220.54
B-1 1,490,500.00 1,469,566.70 7.250000 % 1,547.53
B-2 677,500.00 667,984.88 7.250000 % 703.42
B-3 1,219,925.82 1,191,038.39 7.250000 % 1,254.24
- -------------------------------------------------------------------------------
271,005,025.82 167,450,710.59 6,219,728.40
===============================================================================
_______________________________________________________________________________
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 58,690.72 1,012,219.04 0.00 0.00 6,133,781.35
A-4 121,949.97 5,366,355.85 0.00 0.00 16,572,336.21
A-5 95,939.33 95,939.33 0.00 0.00 17,163,462.00
A-6 179,975.85 179,975.85 0.00 0.00 29,977,000.00
A-7 96,451.02 96,451.02 0.00 0.00 16,065,000.00
A-8 328,077.54 328,077.54 0.00 0.00 54,645,000.00
A-9-1 121,603.98 121,603.98 0.00 0.00 0.00
A-9-2 16,482.03 16,482.03 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,125.35 56,566.43 0.00 0.00 8,007,377.49
M-2 32,083.57 37,710.96 0.00 0.00 5,338,251.64
M-3 24,062.68 28,283.22 0.00 0.00 4,003,688.72
B-1 8,822.98 10,370.51 0.00 0.00 1,468,019.17
B-2 4,010.44 4,713.86 0.00 0.00 667,281.46
B-3 7,150.76 8,405.00 0.00 0.00 1,189,784.15
- -------------------------------------------------------------------------------
1,143,426.22 7,363,154.62 0.00 0.00 161,230,982.19
===============================================================================
Run: 06/28/99 09:01:31
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS9(POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4263
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 308.525693 41.509120 2.554932 44.064052 0.000000 267.016573
A-4 573.973746 137.974372 3.208365 141.182737 0.000000 435.999374
A-5 1000.000000 0.000000 5.589742 5.589742 0.000000 1000.000000
A-6 1000.000000 0.000000 6.003798 6.003798 0.000000 1000.000000
A-7 1000.000000 0.000000 6.003798 6.003798 0.000000 1000.000000
A-8 1000.000000 0.000000 6.003798 6.003798 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-1 985.955544 1.038263 5.919477 6.957740 0.000000 984.917280
M-2 985.955541 1.038264 5.919478 6.957742 0.000000 984.917277
M-3 985.955538 1.038263 5.919478 6.957741 0.000000 984.917274
B-1 985.955518 1.038262 5.919477 6.957739 0.000000 984.917256
B-2 985.955542 1.038258 5.919469 6.957727 0.000000 984.917284
B-3 976.320339 1.028120 5.861635 6.889755 0.000000 975.292210
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:32 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4263
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 37,687.29
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 49,952.56
MASTER SERVICER ADVANCES THIS MONTH 1,355.29
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 44 4,739,355.83
(B) TWO MONTHLY PAYMENTS: 7 784,679.59
(C) THREE OR MORE MONTHLY PAYMENTS: 6 513,605.67
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 540,504.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 161,230,982.19
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,677
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 186,090.41
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,043,393.87
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 53,736.08
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.64042460 % 10.37177300 % 1.98780280 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.17715270 % 10.76053598 % 2.06231130 %
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 8.60401966
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.17
POOL TRADING FACTOR: 59.49372404
................................................................................
Run: 06/28/99 09:01:32 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 83,055,446.66 7.250000 % 4,809,692.05
A-2 76110FMP5 10,000,000.00 10,000,000.00 7.250000 % 0.00
A-3 7611OFMQ3 25,143,000.00 25,143,000.00 7.250000 % 0.00
A-4 7611OFMR1 64,916,508.00 63,757,440.61 7.250000 % 47,413.97
A-5 7611OFMS9 76,250.57 64,993.14 0.000000 % 64.95
A-6-1 0.00 0.00 1.010017 % 0.00
A-6-2 0.00 0.00 0.690405 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,422,761.52 7.250000 % 7,751.01
M-2 7611OFMW0 6,524,000.00 6,413,704.61 7.250000 % 4,769.63
M-3 7611OFMX8 4,893,000.00 4,810,278.42 7.250000 % 3,577.22
B-1 7611OFMY6 1,794,000.00 1,763,670.45 7.250000 % 1,311.57
B-2 7611OFMZ3 816,000.00 802,204.62 7.250000 % 596.57
B-3 7611OFNA7 1,468,094.11 1,391,419.09 7.250000 % 1,034.75
- -------------------------------------------------------------------------------
326,202,444.68 207,624,919.12 4,876,211.72
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 501,644.17 5,311,336.22 0.00 0.00 78,245,754.61
A-2 60,398.71 60,398.71 0.00 0.00 10,000,000.00
A-3 151,860.48 151,860.48 0.00 0.00 25,143,000.00
A-4 385,086.70 432,500.67 0.00 0.00 63,710,026.64
A-5 0.00 64.95 0.00 0.00 64,928.19
A-6-1 138,796.98 138,796.98 0.00 0.00 0.00
A-6-2 24,543.11 24,543.11 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,952.13 70,703.14 0.00 0.00 10,415,010.51
M-2 38,737.95 43,507.58 0.00 0.00 6,408,934.98
M-3 29,053.46 32,630.68 0.00 0.00 4,806,701.20
B-1 10,652.34 11,963.91 0.00 0.00 1,762,358.88
B-2 4,845.21 5,441.78 0.00 0.00 801,608.05
B-3 8,403.99 9,438.74 0.00 0.00 1,390,384.34
- -------------------------------------------------------------------------------
1,416,975.23 6,293,186.95 0.00 0.00 202,748,707.40
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 415.340589 24.052129 2.508604 26.560733 0.000000 391.288460
A-2 1000.000000 0.000000 6.039871 6.039871 0.000000 1000.000000
A-3 1000.000000 0.000000 6.039871 6.039871 0.000000 1000.000000
A-4 982.145260 0.730384 5.932030 6.662414 0.000000 981.414876
A-5 852.362677 0.851797 0.000000 0.851797 0.000000 851.510881
A-6-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 983.093899 0.731089 5.937760 6.668849 0.000000 982.362810
M-2 983.093901 0.731090 5.937761 6.668851 0.000000 982.362811
M-3 983.093893 0.731089 5.937760 6.668849 0.000000 982.362804
B-1 983.093896 0.731087 5.937759 6.668846 0.000000 982.362809
B-2 983.093897 0.731091 5.937757 6.668848 0.000000 982.362806
B-3 947.772408 0.704825 5.724422 6.429247 0.000000 947.067583
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:32 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS10 (POOL # 4264)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4264
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 42,712.57
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 58,941.98
MASTER SERVICER ADVANCES THIS MONTH 5,358.78
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 46 5,128,340.44
(B) TWO MONTHLY PAYMENTS: 8 694,304.69
(C) THREE OR MORE MONTHLY PAYMENTS: 6 530,961.09
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,249,040.76
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 202,748,707.40
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,970
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 687,725.92
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,721,797.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.66426680 % 10.42915400 % 1.90657910 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.37688920 % 10.66869770 % 1.95099540 %
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 8.52144628
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.37
POOL TRADING FACTOR: 62.15425749
................................................................................
Run: 06/28/99 09:01:33 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS11(POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4265
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 7611OFLZ4 99,650,000.00 66,321,963.13 7.000000 % 1,589,003.20
A-2 7611OFMD2 43,142.76 34,700.57 0.000000 % 243.22
A-3-1 0.00 0.00 1.085884 % 0.00
A-3-2 0.00 0.00 0.647791 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,852,999.67 7.000000 % 10,751.57
M-2 7611OFMH3 892,000.00 836,304.85 7.000000 % 3,151.63
M-3 7611OFMJ9 419,700.00 393,494.57 7.000000 % 1,482.89
B-1 7611OFMK6 367,000.00 344,085.07 7.000000 % 1,296.69
B-2 7611OFML4 262,400.00 246,016.11 7.000000 % 927.12
B-3 7611OFMM2 263,388.53 246,942.94 7.000000 % 930.59
- -------------------------------------------------------------------------------
104,940,731.29 71,276,506.91 1,607,786.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 386,625.09 1,975,628.29 0.00 0.00 64,732,959.93
A-2 0.00 243.22 0.00 0.00 34,457.35
A-3-1 50,866.38 50,866.38 0.00 0.00 0.00
A-3-2 8,107.08 8,107.08 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,631.62 27,383.19 0.00 0.00 2,842,248.10
M-2 4,875.25 8,026.88 0.00 0.00 833,153.22
M-3 2,293.88 3,776.77 0.00 0.00 392,011.68
B-1 2,005.85 3,302.54 0.00 0.00 342,788.38
B-2 1,434.15 2,361.27 0.00 0.00 245,088.99
B-3 1,439.56 2,370.15 0.00 0.00 246,012.35
- -------------------------------------------------------------------------------
474,278.86 2,082,065.77 0.00 0.00 69,668,720.00
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 665.549053 15.945842 3.879830 19.825672 0.000000 649.603211
A-2 804.319659 5.637562 0.000000 5.637562 0.000000 798.682096
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-1 937.561508 3.533214 5.465534 8.998748 0.000000 934.028294
M-2 937.561491 3.533217 5.465527 8.998744 0.000000 934.028274
M-3 937.561520 3.533214 5.465523 8.998737 0.000000 934.028306
B-1 937.561499 3.533215 5.465531 8.998746 0.000000 934.028283
B-2 937.561395 3.533232 5.465511 8.998743 0.000000 934.028163
B-3 937.561480 3.533221 5.465538 8.998759 0.000000 934.028334
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:33 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS11 (POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4265
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 14,707.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 13,981.53
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 13 1,049,926.05
(B) TWO MONTHLY PAYMENTS: 2 99,327.98
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 191,454.98
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 69,668,720.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 846
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 1,339,094.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.09416270 % 5.73090300 % 1.17493390 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.96136340 % 5.83821979 % 1.19752790 %
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 8.31702187
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 152.04
POOL TRADING FACTOR: 66.38863589
................................................................................
Run: 06/28/99 09:01:39 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 9,733,639.76 9.000000 % 748,546.12
A-3 76110FND1 62,824,125.00 31,694,304.41 7.000000 % 5,239,822.86
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 58,472,054.40 7.250000 % 43,654.29
A-8-1 0.00 0.00 0.935512 % 0.00
A-8-2 0.00 0.00 0.764259 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,293,916.12 7.250000 % 7,685.27
M-2 76110FNL3 4,471,600.00 4,411,734.72 7.250000 % 3,293.73
M-3 76110FNM1 4,471,500.00 4,411,636.05 7.250000 % 3,293.66
B-1 76110FNN9 1,639,600.00 1,618,818.28 7.250000 % 1,208.58
B-2 76110FNP4 745,200.00 736,293.78 7.250000 % 549.71
B-3 76110FNQ2 1,341,561.05 1,267,577.21 7.250000 % 5.56
- -------------------------------------------------------------------------------
298,104,002.05 195,517,133.73 6,048,059.78
===============================================================================
_______________________________________________________________________________
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 72,972.80 821,518.92 0.00 0.00 8,985,093.64
A-3 184,808.73 5,424,631.59 0.00 0.00 26,454,481.55
A-4 139,128.80 139,128.80 0.00 0.00 24,294,118.00
A-5 157,019.85 157,019.85 0.00 0.00 26,000,000.00
A-6 136,384.07 136,384.07 0.00 0.00 22,583,041.00
A-7 353,125.90 396,780.19 0.00 0.00 58,428,400.11
A-8-1 123,288.85 123,288.85 0.00 0.00 0.00
A-8-2 23,751.28 23,751.28 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,167.28 69,852.55 0.00 0.00 10,286,230.85
M-2 26,643.46 29,937.19 0.00 0.00 4,408,440.99
M-3 26,642.86 29,936.52 0.00 0.00 4,408,342.39
B-1 9,776.41 10,984.99 0.00 0.00 1,617,609.70
B-2 5,451.13 6,000.84 0.00 0.00 735,744.07
B-3 7,655.19 7,660.75 0.00 0.00 1,266,630.86
- -------------------------------------------------------------------------------
1,328,816.61 7,376,876.39 0.00 0.00 189,468,133.16
===============================================================================
Run: 06/28/99 09:01:39
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-2 434.425838 33.408651 3.256877 36.665528 0.000000 401.017187
A-3 504.492572 83.404629 2.941684 86.346313 0.000000 421.087943
A-4 1000.000000 0.000000 5.726851 5.726851 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039225 6.039225 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039225 6.039225 0.000000 1000.000000
A-7 985.725510 0.735927 5.953018 6.688945 0.000000 984.989584
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-1 986.612111 0.736589 5.958373 6.694962 0.000000 985.875522
M-2 986.612112 0.736589 5.958373 6.694962 0.000000 985.875523
M-3 986.612110 0.736590 5.958372 6.694962 0.000000 985.875521
B-1 987.325128 0.737119 5.962680 6.699799 0.000000 986.588009
B-2 988.048551 0.737668 7.314989 8.052657 0.000000 987.310883
B-3 944.852424 0.004144 5.706181 5.710325 0.000000 944.147017
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:39 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS12 (POOL # 4270)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4270
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 40,133.81
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 57,360.41
MASTER SERVICER ADVANCES THIS MONTH 799.19
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 4,133,415.77
(B) TWO MONTHLY PAYMENTS: 5 455,672.56
(C) THREE OR MORE MONTHLY PAYMENTS: 8 1,449,667.29
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,598,651.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 189,468,133.16
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,880
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 102,748.27
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,903,030.64
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.36931800 % 9.77780600 % 1.85287560 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.00695480 % 10.08244179 % 1.91060340 %
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 8.48083412
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.72
POOL TRADING FACTOR: 63.55772880
................................................................................
Run: 06/28/99 08:57:08 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR3(POOL # 3359)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 3359
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 25,117,531.34 7,091,969.35 8.012667 % 394,974.57
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
25,117,531.34 7,091,969.35 394,974.57
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 46,176.00 441,150.57 0.00 0.00 6,696,994.78
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
46,176.00 441,150.57 0.00 0.00 6,696,994.78
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 282.351369 15.725055 1.838397 17.563452 0.000000 266.626313
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 08:57:08 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR3 (POOL # 3359)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 3359
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 2,148.53
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 312.21
SUBSERVICER ADVANCES THIS MONTH 472.28
MASTER SERVICER ADVANCES THIS MONTH 314.59
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 62,045.21
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 6,696,994.78
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 54
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 44,226.05
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 388,862.79
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 100.00000000 % 0.00000000 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 100.00000000 % 0.00000000 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.41484395
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.93
POOL TRADING FACTOR: 26.66263133
................................................................................
Run: 06/28/99 09:01:43 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 17,947,170.24 7.250000 % 1,046,698.95
A-2 76110FNT6 30,750,000.00 0.00 7.250000 % 0.00
A-3 76110FNU3 40,799,000.00 36,042,330.52 7.250000 % 2,742,418.87
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 62,142,146.08 7.250000 % 46,156.69
A-8 76110FNZ2 15,495,000.00 0.00 7.250000 % 0.00
A-9 76110FPA5 68,339,000.00 47,766,058.28 7.000000 % 2,785,769.70
A-10 76110fPB3 0.00 0.00 7.250000 % 0.00
A-11 76110FPC1 100,038,312.00 67,257,554.70 0.000000 % 2,525,195.90
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 2.190000 % 0.00
A-14 76110FPF4 0.00 0.00 12.310000 % 0.00
A-15 76110FPG2 26,249,000.00 14,955,880.22 7.000000 % 872,243.59
A-16 76110FPH0 2,386,273.00 1,359,625.64 10.000000 % 79,294.88
A-17 76110FPJ6 139,012.74 130,709.13 0.000000 % 141.11
A-18-1 0.00 0.00 0.913188 % 0.00
A-18-2 0.00 0.00 0.631780 % 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 16,045,751.37 7.250000 % 11,918.14
M-2 76110FPP2 5,422,000.00 5,348,254.98 7.250000 % 3,972.47
M-3 76110FPQ0 6,507,000.00 6,418,497.83 7.250000 % 4,767.40
B-1 76110FPR8 2,386,000.00 2,353,547.84 7.250000 % 1,748.12
B-2 76110FPS6 1,085,000.00 1,070,242.84 7.250000 % 794.93
B-3 76110FPT4 1,952,210.06 1,925,657.98 7.250000 % 1,430.27
- -------------------------------------------------------------------------------
433,792,422.80 302,242,842.65 10,122,551.02
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 108,221.84 1,154,920.79 0.00 0.00 16,900,471.29
A-2 0.00 0.00 0.00 0.00 0.00
A-3 217,336.07 2,959,754.94 0.00 0.00 33,299,911.65
A-4 40,672.50 40,672.50 0.00 0.00 6,745,000.00
A-5 25,539.65 25,539.65 0.00 0.00 4,235,415.00
A-6 63,309.21 63,309.21 0.00 0.00 10,499,000.00
A-7 374,718.54 420,875.23 0.00 0.00 62,095,989.39
A-8 0.00 0.00 0.00 0.00 0.00
A-9 278,098.32 3,063,868.02 0.00 0.00 44,980,288.58
A-10 9,932.08 9,932.08 0.00 0.00 0.00
A-11 0.00 2,525,195.90 0.00 0.00 64,732,358.80
A-12 202,782.28 202,782.28 0.00 0.00 0.00
A-13 30,627.12 30,627.12 0.00 0.00 0.00
A-14 172,155.16 172,155.16 0.00 0.00 0.00
A-15 87,074.49 959,318.08 0.00 0.00 14,083,636.63
A-16 11,308.37 90,603.25 0.00 0.00 1,280,330.76
A-17 0.00 141.11 0.00 0.00 130,568.02
A-18-1 175,254.09 175,254.09 0.00 0.00 0.00
A-18-2 37,571.36 37,571.36 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 96,756.24 108,674.38 0.00 0.00 16,033,833.23
M-2 32,250.09 36,222.56 0.00 0.00 5,344,282.51
M-3 38,703.68 43,471.08 0.00 0.00 6,413,730.43
B-1 14,191.94 15,940.06 0.00 0.00 2,351,799.72
B-2 6,453.59 7,248.52 0.00 0.00 1,069,447.91
B-3 11,611.76 13,042.03 0.00 0.00 1,924,227.71
- -------------------------------------------------------------------------------
2,034,568.38 12,157,119.40 0.00 0.00 292,120,291.63
===============================================================================
Run: 06/28/99 09:01:43
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-1 569.769524 33.229593 3.435723 36.665316 0.000000 536.539931
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 883.412106 67.217796 5.326995 72.544791 0.000000 816.194310
A-4 1000.000000 0.000000 6.030022 6.030022 0.000000 1000.000000
A-5 1000.000000 0.000000 6.030023 6.030023 0.000000 1000.000000
A-6 1000.000000 0.000000 6.030023 6.030023 0.000000 1000.000000
A-7 986.398928 0.732658 5.948008 6.680666 0.000000 985.666271
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 698.957525 40.763981 4.069394 44.833375 0.000000 658.193544
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 672.317969 25.242288 0.000000 25.242288 0.000000 647.075680
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-15 569.769523 33.229593 3.317250 36.546843 0.000000 536.539930
A-16 569.769528 33.229593 4.738926 37.968519 0.000000 536.539935
A-17 940.267273 1.015087 0.000000 1.015087 0.000000 939.252187
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-1 986.398929 0.732658 5.948008 6.680666 0.000000 985.666271
M-2 986.398927 0.732658 5.948006 6.680664 0.000000 985.666269
M-3 986.398929 0.732657 5.948007 6.680664 0.000000 985.666272
B-1 986.398927 0.732657 5.948005 6.680662 0.000000 985.666270
B-2 986.398931 0.732654 5.948009 6.680663 0.000000 985.666277
B-3 986.398964 0.732657 5.948007 6.680664 0.000000 985.666321
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:43 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS13 (POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4277
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 61,813.30
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 61,498.85
MASTER SERVICER ADVANCES THIS MONTH 3,137.14
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 57 6,657,484.65
(B) TWO MONTHLY PAYMENTS: 6 766,487.69
(C) THREE OR MORE MONTHLY PAYMENTS: 8 566,147.24
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 188,510.99
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 292,120,291.63
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,709
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 403,938.51
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 9,898,035.23
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.02329660 % 9.20602000 % 1.77068320 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.65120280 % 9.51383624 % 1.83070670 %
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 8.37272959
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.98
POOL TRADING FACTOR: 67.34103140
................................................................................
Run: 06/28/99 09:01:48 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 20,381,494.62 7.000000 % 3,816,722.18
A-2 76110FPV9 117,395,000.00 69,320,139.47 7.000000 % 4,175,456.86
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 1.127618 % 0.00
A-6-2 0.00 0.00 0.941034 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,223,946.40 7.000000 % 18,526.05
M-2 76110FQD8 4,054,000.00 4,008,446.37 7.000000 % 6,616.27
M-3 76110FQE6 4,865,000.00 4,810,333.36 7.000000 % 7,939.85
B-1 76110FQF3 1,783,800.00 1,763,755.94 7.000000 % 2,911.22
B-2 76110FQG1 810,800.00 801,689.27 7.000000 % 1,323.25
B-3 76110FQH9 1,459,579.11 1,443,203.13 7.000000 % 2,382.15
- -------------------------------------------------------------------------------
324,327,779.11 232,035,008.56 8,031,877.83
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 118,836.94 3,935,559.12 0.00 0.00 16,564,772.44
A-2 404,180.04 4,579,636.90 0.00 0.00 65,144,682.61
A-3 299,577.74 299,577.74 0.00 0.00 51,380,000.00
A-4 10,856.64 10,856.64 0.00 0.00 1,862,000.00
A-5 379,224.14 379,224.14 0.00 0.00 65,040,000.00
A-6-1 164,357.05 164,357.05 0.00 0.00 0.00
A-6-2 44,715.03 44,715.03 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,442.67 83,968.72 0.00 0.00 11,205,420.35
M-2 23,371.76 29,988.03 0.00 0.00 4,001,830.10
M-3 28,047.27 35,987.12 0.00 0.00 4,802,393.51
B-1 10,283.81 13,195.03 0.00 0.00 1,760,844.72
B-2 4,674.35 5,997.60 0.00 0.00 800,366.02
B-3 8,414.78 10,796.93 0.00 0.00 1,440,820.98
- -------------------------------------------------------------------------------
1,561,982.22 9,593,860.05 0.00 0.00 224,003,130.73
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 316.846914 59.334051 1.847417 61.181468 0.000000 257.512863
A-2 590.486302 35.567587 3.442907 39.010494 0.000000 554.918716
A-3 1000.000000 0.000000 5.830629 5.830629 0.000000 1000.000000
A-4 1000.000000 0.000000 5.830634 5.830634 0.000000 1000.000000
A-5 1000.000000 0.000000 5.830629 5.830629 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-1 988.763282 1.632035 5.765112 7.397147 0.000000 987.131247
M-2 988.763288 1.632035 5.765111 7.397146 0.000000 987.131253
M-3 988.763281 1.632035 5.765112 7.397147 0.000000 987.131246
B-1 988.763281 1.632033 5.765114 7.397147 0.000000 987.131248
B-2 988.763283 1.632030 5.765109 7.397139 0.000000 987.131253
B-3 988.780341 1.632066 5.765210 7.397276 0.000000 987.148261
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:48 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS1 (POOL # 4281)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4281
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 47,654.55
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 46,023.11
MASTER SERVICER ADVANCES THIS MONTH 1,104.97
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 4,413,038.81
(B) TWO MONTHLY PAYMENTS: 8 768,914.16
(C) THREE OR MORE MONTHLY PAYMENTS: 3 199,917.69
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 724,814.10
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 224,003,130.73
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,046
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 143,088.19
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,648,884.75
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.63459240 % 8.63780300 % 1.72760500 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.28065170 % 8.93275192 % 1.78659630 %
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 8.36339694
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 335.25
POOL TRADING FACTOR: 69.06689626
................................................................................
Run: 06/28/99 09:01:51 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 10,503,215.53 6.750000 % 881,546.63
A-2 76110FQK2 158,282,400.00 83,123,708.04 6.500000 % 6,976,665.81
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 24,099,222.64 5.522500 % 1,372,859.01
A-5 76110FQN6 0.00 0.00 3.503275 % 0.00
A-6 76110FQP1 13,504,750.00 8,317,606.32 5.422500 % 481,500.77
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 134,651.87 0.000000 % 165.58
A-9-1 0.00 0.00 1.054384 % 0.00
A-9-2 0.00 0.00 0.765886 % 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 17,155,529.80 7.000000 % 12,776.78
M-2 76110FQW6 5,422,000.00 5,360,979.47 7.000000 % 3,992.65
M-3 76110FQX4 5,422,000.00 5,360,979.47 7.000000 % 3,992.65
B-1 76110FQY2 2,385,700.00 2,358,850.75 7.000000 % 1,756.78
B-2 76110FQZ9 1,084,400.00 1,072,195.92 7.000000 % 798.53
B-3 76110FRA3 1,952,351.82 1,930,379.53 7.000000 % 1,437.69
- -------------------------------------------------------------------------------
433,770,084.51 328,755,219.34 9,737,492.88
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 58,948.78 940,495.41 0.00 0.00 9,621,668.90
A-2 449,248.87 7,425,914.68 0.00 0.00 76,147,042.23
A-3 463,498.59 463,498.59 0.00 0.00 82,584,000.00
A-4 110,659.19 1,483,518.20 0.00 0.00 22,726,363.63
A-5 94,426.42 94,426.42 0.00 0.00 0.00
A-6 37,501.32 519,002.09 0.00 0.00 7,836,105.55
A-7 504,935.35 504,935.35 0.00 0.00 86,753,900.00
A-8 0.00 165.58 0.00 0.00 134,486.29
A-9-1 209,604.05 209,604.05 0.00 0.00 0.00
A-9-2 57,103.29 57,103.29 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 99,850.65 112,627.43 0.00 0.00 17,142,753.02
M-2 31,202.61 35,195.26 0.00 0.00 5,356,986.82
M-3 31,202.61 35,195.26 0.00 0.00 5,356,986.82
B-1 13,729.26 15,486.04 0.00 0.00 2,357,093.97
B-2 6,240.53 7,039.06 0.00 0.00 1,071,397.39
B-3 11,235.43 12,673.12 0.00 0.00 1,928,941.84
- -------------------------------------------------------------------------------
2,179,386.95 11,916,879.83 0.00 0.00 319,017,726.46
===============================================================================
Run: 06/28/99 09:01:51
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-1 525.160777 44.077331 2.947439 47.024770 0.000000 481.083445
A-2 525.160776 44.077331 2.838274 46.915605 0.000000 481.083445
A-3 1000.000000 0.000000 5.612450 5.612450 0.000000 1000.000000
A-4 619.694916 35.302124 2.845525 38.147649 0.000000 584.392792
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 615.902280 35.654179 2.776898 38.431077 0.000000 580.248102
A-7 1000.000000 0.000000 5.820319 5.820319 0.000000 1000.000000
A-8 970.585015 1.193518 0.000000 1.193518 0.000000 969.391497
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-1 988.745752 0.736380 5.754815 6.491195 0.000000 988.009373
M-2 988.745752 0.736380 5.754816 6.491196 0.000000 988.009373
M-3 988.745752 0.736380 5.754816 6.491196 0.000000 988.009373
B-1 988.745756 0.736379 5.754814 6.491193 0.000000 988.009377
B-2 988.745776 0.736380 5.754823 6.491203 0.000000 988.009397
B-3 988.745732 0.736379 5.754818 6.491197 0.000000 988.009344
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:51 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS2 (POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4284
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 67,270.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 80,443.11
MASTER SERVICER ADVANCES THIS MONTH 1,214.62
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 56 6,297,397.46
(B) TWO MONTHLY PAYMENTS: 10 1,428,371.09
(C) THREE OR MORE MONTHLY PAYMENTS: 9 1,047,205.72
FORECLOSURES
NUMBER OF LOANS 17
AGGREGATE PRINCIPAL BALANCE 2,006,950.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 319,017,726.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,836
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 161,828.40
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 9,492,599.56
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.88532120 % 8.48318400 % 1.63149440 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.58422530 % 8.73203097 % 1.68006110 %
BANKRUPTCY AMOUNT AVAILABLE 2,037,626.00
FRAUD AMOUNT AVAILABLE 3,609,315.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,609,315.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.24964213
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.75
POOL TRADING FACTOR: 73.54534991
................................................................................
Run: 06/28/99 11:44:43 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 92,382,779.26 6.500000 % 1,390,827.21
A-2 76110FRC9 34,880,737.00 22,013,452.96 6.500000 % 1,181,646.04
A-3-1 0.00 0.00 1.248572 % 0.00
A-3-2 0.00 0.00 0.996718 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,738,811.92 6.500000 % 13,409.77
M-2 76110FRG0 785,100.00 747,476.79 6.500000 % 2,680.93
M-3 76110FRH8 707,000.00 673,119.46 6.500000 % 2,414.24
B-1 76110FRJ4 471,200.00 448,619.34 6.500000 % 1,609.04
B-2 76110FRK1 314,000.00 298,952.63 6.500000 % 1,072.23
B-3 76110FRL9 471,435.62 413,757.03 6.500000 % 1,483.98
- -------------------------------------------------------------------------------
157,074,535.62 120,716,969.39 2,595,143.44
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 500,100.24 1,890,927.45 0.00 0.00 90,991,952.05
A-2 119,166.51 1,300,812.55 0.00 0.00 20,831,806.92
A-3-1 98,763.65 98,763.65 0.00 0.00 0.00
A-3-2 21,364.22 21,364.22 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,239.50 33,649.27 0.00 0.00 3,725,402.15
M-2 4,046.35 6,727.28 0.00 0.00 744,795.86
M-3 3,643.83 6,058.07 0.00 0.00 670,705.22
B-1 2,428.53 4,037.57 0.00 0.00 447,010.30
B-2 1,618.34 2,690.57 0.00 0.00 297,880.40
B-3 2,239.81 3,723.79 0.00 0.00 412,173.04
- -------------------------------------------------------------------------------
773,610.98 3,368,754.42 0.00 0.00 118,121,725.94
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 799.726526 12.039922 4.329199 16.369121 0.000000 787.686605
A-2 631.106303 33.876751 3.416399 37.293150 0.000000 597.229552
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-1 952.078411 3.414762 5.153934 8.568696 0.000000 948.663649
M-2 952.078449 3.414762 5.153929 8.568691 0.000000 948.663686
M-3 952.078444 3.414767 5.153932 8.568699 0.000000 948.663678
B-1 952.078396 3.414771 5.153926 8.568697 0.000000 948.663625
B-2 952.078439 3.414745 5.153949 8.568694 0.000000 948.663694
B-3 877.653305 3.147789 4.751041 7.898830 0.000000 874.293376
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:44:44 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS3 (POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4285
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 24,976.96
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 11,410.40
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 10 799,914.60
(B) TWO MONTHLY PAYMENTS: 2 248,813.57
(C) THREE OR MORE MONTHLY PAYMENTS: 2 52,045.13
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 118,121,725.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,335
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 2,162,275.33
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.76400280 % 4.27397100 % 0.96202630 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.66824000 % 4.35220802 % 0.97955200 %
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 7.97779300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 157.42
POOL TRADING FACTOR: 75.20106647
................................................................................
Run: 06/28/99 11:50:59 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS4(POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4290
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FRM7 135,006,400.00 80,043,026.22 6.500000 % 5,844,120.32
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 27,477,311.54 5.422500 % 1,461,030.08
A-I-4 76110FRQ8 0.00 0.00 3.577500 % 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 60,667,581.75 7.000000 % 1,317,374.58
A-V-1 0.00 0.00 0.894621 % 0.00
A-V-2 0.00 0.00 0.646596 % 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 14,031,101.63 7.000000 % 10,654.77
M-2 76110FRY1 5,067,800.00 5,011,051.22 7.000000 % 3,805.23
M-3 76110FRZ8 5,067,800.00 5,011,051.22 7.000000 % 3,805.23
B-1 76110FSA2 2,230,000.00 2,205,028.64 7.000000 % 1,674.43
B-2 76110FSB0 1,216,400.00 1,202,778.86 7.000000 % 913.35
B-3 76110FSC8 1,621,792.30 1,603,631.65 7.000000 % 1,217.75
- -------------------------------------------------------------------------------
405,421,992.30 321,853,007.73 8,644,595.74
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 432,669.53 6,276,789.85 0.00 0.00 74,198,905.90
A-I-2 335,299.97 335,299.97 0.00 0.00 59,732,445.00
A-I-3 123,906.26 1,584,936.34 0.00 0.00 26,016,281.46
A-I-4 81,747.29 81,747.29 0.00 0.00 0.00
A-I-5 377,613.93 377,613.93 0.00 0.00 64,868,000.00
A-II 352,945.94 1,670,320.52 0.00 0.00 59,350,207.17
A-V-1 190,073.77 190,073.77 0.00 0.00 0.00
A-V-2 35,698.34 35,698.34 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 81,645.97 92,300.74 0.00 0.00 14,020,446.86
M-2 29,158.94 32,964.17 0.00 0.00 5,007,245.99
M-3 29,158.94 32,964.17 0.00 0.00 5,007,245.99
B-1 12,830.91 14,505.34 0.00 0.00 2,203,354.21
B-2 6,998.88 7,912.23 0.00 0.00 1,201,865.51
B-3 9,331.42 10,549.17 0.00 0.00 1,602,413.90
- -------------------------------------------------------------------------------
2,099,080.09 10,743,675.83 0.00 0.00 313,208,411.99
===============================================================================
Run: 06/28/99 11:50:59
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS4(POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4290
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 592.883198 43.287728 3.204808 46.492536 0.000000 549.595470
A-I-2 1000.000000 0.000000 5.613364 5.613364 0.000000 1000.000000
A-I-3 666.631283 35.446276 3.006109 38.452385 0.000000 631.185007
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.821267 5.821267 0.000000 1000.000000
A-II 806.717574 17.517580 4.693243 22.210823 0.000000 789.199994
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-1 988.802088 0.750865 5.753768 6.504633 0.000000 988.051223
M-2 988.802088 0.750864 5.753768 6.504632 0.000000 988.051223
M-3 988.802088 0.750864 5.753768 6.504632 0.000000 988.051223
B-1 988.802081 0.750865 5.753769 6.504634 0.000000 988.051215
B-2 988.802088 0.750863 5.753768 6.504631 0.000000 988.051225
B-3 988.802111 0.750867 5.753769 6.504636 0.000000 988.051244
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:50:59 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS4 (POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4290
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 65,833.10
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 62,198.92
MASTER SERVICER ADVANCES THIS MONTH 753.10
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 5,393,811.86
(B) TWO MONTHLY PAYMENTS: 7 612,148.68
(C) THREE OR MORE MONTHLY PAYMENTS: 5 494,408.40
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,683,425.95
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 313,208,411.99
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,779
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 99,664.98
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,400,240.47
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.96959090 % 7.47335100 % 1.55705840 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.72739700 % 7.67378459 % 1.59881840 %
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 8.17022600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.57
POOL TRADING FACTOR: 77.25491412
................................................................................
Run: 06/28/99 09:01:56 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 91,749,571.64 6.750000 % 5,409,382.71
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 1.063606 % 0.00
A-6-2 0.00 0.00 0.863586 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,516,460.79 6.750000 % 9,463.92
M-2 76110FSM6 4,216,900.00 4,172,153.59 6.750000 % 3,154.64
M-3 76110FSN4 4,392,600.00 4,345,989.20 6.750000 % 3,286.08
B-1 76110FSP9 1,757,100.00 1,738,455.05 6.750000 % 1,314.48
B-2 76110FSQ7 1,054,300.00 1,043,112.61 6.750000 % 788.72
B-3 76110FSR5 1,405,623.28 1,390,707.90 6.750000 % 1,051.53
- -------------------------------------------------------------------------------
351,405,323.28 291,333,450.78 5,428,442.08
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 515,985.07 5,925,367.78 0.00 0.00 86,340,188.93
A-2 427,054.85 427,054.85 0.00 0.00 75,936,500.00
A-3 98,337.38 98,337.38 0.00 0.00 17,485,800.00
A-4 74,036.19 74,036.19 0.00 0.00 13,164,700.00
A-5 381,240.23 381,240.23 0.00 0.00 67,790,000.00
A-6-1 197,587.17 197,587.17 0.00 0.00 0.00
A-6-2 49,187.13 49,187.13 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 70,390.59 79,854.51 0.00 0.00 12,506,996.87
M-2 23,463.53 26,618.17 0.00 0.00 4,168,998.95
M-3 24,441.16 27,727.24 0.00 0.00 4,342,703.12
B-1 9,776.80 11,091.28 0.00 0.00 1,737,140.57
B-2 5,866.30 6,655.02 0.00 0.00 1,042,323.89
B-3 7,821.12 8,872.65 0.00 0.00 1,389,656.37
- -------------------------------------------------------------------------------
1,885,187.52 7,313,629.60 0.00 0.00 285,905,008.70
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 605.403934 35.693481 3.404696 39.098177 0.000000 569.710453
A-2 1000.000000 0.000000 5.623842 5.623842 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623842 5.623842 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623842 5.623842 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623842 5.623842 0.000000 1000.000000
A-6-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 989.388792 0.748095 5.564166 6.312261 0.000000 988.640697
M-2 989.388790 0.748095 5.564166 6.312261 0.000000 988.640696
M-3 989.388790 0.748095 5.564167 6.312262 0.000000 988.640696
B-1 989.388794 0.748096 5.564168 6.312264 0.000000 988.640698
B-2 989.388798 0.748098 5.564166 6.312264 0.000000 988.640700
B-3 989.388778 0.748088 5.564165 6.312253 0.000000 988.640690
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:01:57 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS5 (POOL # 4299)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4299
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 60,152.85
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,513.81
SUBSERVICER ADVANCES THIS MONTH 72,772.72
MASTER SERVICER ADVANCES THIS MONTH 1,197.32
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 52 7,238,081.63
(B) TWO MONTHLY PAYMENTS: 9 1,041,576.57
(C) THREE OR MORE MONTHLY PAYMENTS: 11 974,244.54
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 712,187.70
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 285,905,008.70
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,386
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 157,134.19
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,208,159.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.34775660 % 7.22011300 % 1.43213060 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.19014390 % 7.35163719 % 1.45821890 %
BANKRUPTCY AMOUNT AVAILABLE 184,749.00
FRAUD AMOUNT AVAILABLE 2,914,047.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,914,047.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.09594391
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.80
POOL TRADING FACTOR: 81.36046604
................................................................................
Run: 06/28/99 11:51:35 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6(POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4301
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FSS3 20,174,375.00 16,819,174.98 6.750000 % 412,020.15
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 9,858,015.93 6.750000 % 791,078.68
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 109,069,058.83 6.750000 % 3,368,532.50
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 55,894,076.24 6.750000 % 1,575,593.20
NB-2 76110FTA1 4,494,000.00 0.00 6.750000 % 0.00
NB-3 76110FTB9 9,662,500.00 9,662,500.00 6.750000 % 0.00
NB-4 76110FTC7 10,000,000.00 7,279,453.71 6.750000 % 174,955.11
A-P 76110FTE3 57,464.36 54,829.93 0.000000 % 67.61
A-V-1 0.00 0.00 1.015611 % 0.00
A-V-2 0.00 0.00 0.770179 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 12,935,819.16 6.750000 % 9,754.62
M-2 76110FTH6 5,029,000.00 4,975,277.02 6.750000 % 3,751.75
M-3 76110FTJ2 4,224,500.00 4,179,371.20 6.750000 % 3,151.57
B-1 76110FTK9 2,011,600.00 1,990,110.81 6.750000 % 1,500.70
B-2 76110FTL7 1,207,000.00 1,194,106.06 6.750000 % 900.45
B-3 76110FTM5 1,609,449.28 1,592,256.04 6.750000 % 1,200.69
- -------------------------------------------------------------------------------
402,311,611.64 337,569,672.91 6,342,507.03
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 94,547.72 506,567.87 0.00 0.00 16,407,154.83
CB-2 220,995.56 220,995.56 0.00 0.00 39,313,092.00
CB-3 77,653.82 77,653.82 0.00 0.00 13,813,906.00
CB-4 55,416.09 846,494.77 0.00 0.00 9,066,937.25
CB-5 115,239.19 115,239.19 0.00 0.00 20,500,000.00
CB-6 613,123.44 3,981,655.94 0.00 0.00 105,700,526.33
CB-7 159,865.58 159,865.58 0.00 0.00 28,438,625.00
NB-1 314,365.61 1,889,958.81 0.00 0.00 54,318,483.04
NB-2 0.00 0.00 0.00 0.00 0.00
NB-3 54,344.89 54,344.89 0.00 0.00 9,662,500.00
NB-4 40,941.91 215,897.02 0.00 0.00 7,104,498.60
A-P 0.00 67.61 0.00 0.00 54,762.32
A-V-1 220,445.10 220,445.10 0.00 0.00 0.00
A-V-2 49,353.42 49,353.42 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 72,721.00 82,475.62 0.00 0.00 12,926,064.54
M-2 27,969.40 31,721.15 0.00 0.00 4,971,525.27
M-3 23,495.07 26,646.64 0.00 0.00 4,176,219.63
B-1 11,187.76 12,688.46 0.00 0.00 1,988,610.11
B-2 6,712.88 7,613.33 0.00 0.00 1,193,205.61
B-3 8,951.15 10,151.84 0.00 0.00 1,591,055.36
- -------------------------------------------------------------------------------
2,167,329.59 8,509,836.62 0.00 0.00 331,227,165.89
===============================================================================
Run: 06/28/99 11:51:35
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-1 833.690014 20.422945 4.686525 25.109470 0.000000 813.267070
CB-2 1000.000000 0.000000 5.621424 5.621424 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.621424 5.621424 0.000000 1000.000000
CB-4 604.786253 48.532434 3.399760 51.932194 0.000000 556.253819
CB-5 1000.000000 0.000000 5.621424 5.621424 0.000000 1000.000000
CB-6 799.040724 24.677894 4.491747 29.169641 0.000000 774.362830
CB-7 1000.000000 0.000000 5.621424 5.621424 0.000000 1000.000000
NB-1 736.412491 20.758667 4.141812 24.900479 0.000000 715.653824
NB-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-3 1000.000000 0.000000 5.624309 5.624309 0.000000 1000.000000
NB-4 727.945371 17.495511 4.094191 21.589702 0.000000 710.449860
A-P 954.155410 1.176585 0.000000 1.176585 0.000000 952.978826
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-1 989.317361 0.746023 5.561623 6.307646 0.000000 988.571339
M-2 989.317363 0.746023 5.561623 6.307646 0.000000 988.571340
M-3 989.317363 0.746022 5.561621 6.307643 0.000000 988.571341
B-1 989.317364 0.746023 5.561623 6.307646 0.000000 988.571341
B-2 989.317365 0.746023 5.561624 6.307647 0.000000 988.571342
B-3 989.317315 0.746025 5.561623 6.307648 0.000000 988.571297
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:51:36 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6 (POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4301
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 69,625.08
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,429.55
SUBSERVICER ADVANCES THIS MONTH 63,321.72
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 52 7,255,036.74
(B) TWO MONTHLY PAYMENTS: 5 395,577.08
(C) THREE OR MORE MONTHLY PAYMENTS: 3 269,327.05
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 740,512.31
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 331,227,165.89
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,684
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,087,959.10
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.03977520 % 6.54397300 % 1.41495910 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.89344270 % 6.66425092 % 1.44120430 %
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 8.03382100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.70
POOL TRADING FACTOR: 82.33099824
................................................................................
Run: 06/28/99 11:45:52 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 172,668,000.00 137,198,643.12 6.750000 % 3,321,137.62
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 30,484,858.62 6.750000 % 1,635,828.78
NB-2 76110FUD3 77,840,000.00 50,746,722.75 6.750000 % 781,333.77
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 72,616.77 0.000000 % 68.19
A-V 76110FUG6 0.00 0.00 0.943659 % 0.00
R 76110FUH4 100.00 0.00 6.750000 % 0.00
M-1 76110FUJ0 13,245,900.00 13,143,209.03 6.750000 % 16,160.25
M-2 76110FUK5 5,094,600.00 5,055,103.29 6.750000 % 6,215.51
M-3 76110FUM3 4,279,400.00 4,246,223.26 6.750000 % 5,220.95
B-1 76110FUN1 2,037,800.00 2,022,001.63 6.750000 % 2,486.15
B-2 76110FUP6 1,222,600.00 1,213,121.60 6.750000 % 1,491.60
B-3 76110FUQ4 1,631,527.35 1,618,878.68 6.750000 % 1,990.49
- -------------------------------------------------------------------------------
407,565,332.24 339,251,378.75 5,771,933.31
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 771,563.13 4,092,700.75 0.00 0.00 133,877,505.50
CB-2 199,927.93 199,927.93 0.00 0.00 35,551,000.00
CB-3 248,651.61 248,651.61 0.00 0.00 44,215,000.00
NB-1 171,457.60 1,807,286.38 0.00 0.00 28,849,029.84
NB-2 285,417.47 1,066,751.24 0.00 0.00 49,965,388.98
NB-3 0.00 0.00 0.00 0.00 0.00
NB-4 76,963.64 76,963.64 0.00 0.00 13,684,000.00
A-P 0.00 68.19 0.00 0.00 72,548.58
A-V 266,728.98 266,728.98 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,914.12 90,074.37 0.00 0.00 13,127,048.78
M-2 28,428.64 34,644.15 0.00 0.00 5,048,887.78
M-3 23,879.70 29,100.65 0.00 0.00 4,241,002.31
B-1 11,371.23 13,857.38 0.00 0.00 2,019,515.48
B-2 6,822.29 8,313.89 0.00 0.00 1,211,630.00
B-3 9,104.17 11,094.66 0.00 0.00 1,616,888.19
- -------------------------------------------------------------------------------
2,174,230.51 7,946,163.82 0.00 0.00 333,479,445.44
===============================================================================
Run: 06/28/99 11:45:52
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-1 794.580600 19.234239 4.468478 23.702717 0.000000 775.346361
CB-2 1000.000000 0.000000 5.623694 5.623694 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.623694 5.623694 0.000000 1000.000000
NB-1 945.501477 50.735959 5.317834 56.053793 0.000000 894.765518
NB-2 651.936315 10.037690 3.666720 13.704410 0.000000 641.898625
NB-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-4 1000.000000 0.000000 5.624353 5.624353 0.000000 1000.000000
A-P 989.263386 0.928996 0.000000 0.928996 0.000000 988.334390
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.247339 1.220019 5.580151 6.800170 0.000000 991.027320
M-2 992.247338 1.220019 5.580152 6.800171 0.000000 991.027319
M-3 992.247338 1.220019 5.580151 6.800170 0.000000 991.027319
B-1 992.247340 1.220017 5.580150 6.800167 0.000000 991.027324
B-2 992.247342 1.220023 5.580149 6.800172 0.000000 991.027319
B-3 992.247344 1.220016 5.580152 6.800168 0.000000 991.027329
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:45:52 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS7 (POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4311
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 69,925.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,059.93
SUBSERVICER ADVANCES THIS MONTH 55,799.79
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 42 5,540,880.40
(B) TWO MONTHLY PAYMENTS: 9 1,126,864.23
(C) THREE OR MORE MONTHLY PAYMENTS: 2 480,610.25
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 533,283.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 333,479,445.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,525
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 5,347,799.48
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 169,707.33
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.95157820 % 6.61590100 % 1.43079800 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.82231300 % 6.72213511 % 1.45408920 %
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 8.02162900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.03
POOL TRADING FACTOR: 81.82232861
................................................................................
Run: 06/28/99 11:51:51 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 124,454,000.00 108,316,011.50 6.500000 % 1,905,903.12
NB 76110FTP8 41,430,000.00 32,100,459.00 6.500000 % 752,069.72
A-P 76110FTQ6 63,383.01 60,762.12 0.000000 % 246.17
A-V 76110FTV5 0.00 0.00 0.938263 % 0.00
R 76110FTR4 100.00 0.00 6.500000 % 0.00
M-1 76110FTS2 4,507,000.00 4,349,297.90 6.500000 % 15,006.73
M-2 76110FTT0 780,000.00 752,707.43 6.500000 % 2,597.13
M-3 76110FTU7 693,500.00 669,234.09 6.500000 % 2,309.11
B-1 76110FTW3 520,000.00 501,804.96 6.500000 % 1,731.42
B-2 76110FTX1 433,500.00 418,331.62 6.500000 % 1,443.40
B-3 76110FTY9 433,464.63 418,297.50 6.500000 % 1,443.26
- -------------------------------------------------------------------------------
173,314,947.64 147,586,906.12 2,682,750.06
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 586,338.59 2,492,241.71 0.00 0.00 106,410,108.38
NB 173,766.91 925,836.63 0.00 0.00 31,348,389.28
A-P 0.00 246.17 0.00 0.00 60,515.95
A-V 115,322.76 115,322.76 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 23,543.72 38,550.45 0.00 0.00 4,334,291.17
M-2 4,074.58 6,671.71 0.00 0.00 750,110.30
M-3 3,622.71 5,931.82 0.00 0.00 666,924.98
B-1 2,716.38 4,447.80 0.00 0.00 500,073.54
B-2 2,264.52 3,707.92 0.00 0.00 416,888.22
B-3 2,264.34 3,707.60 0.00 0.00 416,854.22
- -------------------------------------------------------------------------------
913,914.51 3,596,664.57 0.00 0.00 144,904,156.04
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 870.329692 15.314117 4.711288 20.025405 0.000000 855.015575
NB 774.811948 18.152781 4.194229 22.347010 0.000000 756.659167
A-P 958.649960 3.883861 0.000000 3.883861 0.000000 954.766099
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-1 965.009519 3.329649 5.223812 8.553461 0.000000 961.679869
M-2 965.009526 3.329654 5.223821 8.553475 0.000000 961.679872
M-3 965.009503 3.329647 5.223807 8.553454 0.000000 961.679856
B-1 965.009538 3.329654 5.223808 8.553462 0.000000 961.679885
B-2 965.009504 3.329642 5.223806 8.553448 0.000000 961.679862
B-3 965.009533 3.329591 5.223817 8.553408 0.000000 961.679897
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:51:52 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS8 (POOL # 4306)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4306
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 30,470.84
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,970.32
SUBSERVICER ADVANCES THIS MONTH 29,298.04
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,589,281.12
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 1 468,926.25
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 144,904,156.04
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,553
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 2,173,499.21
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.18073660 % 3.91040100 % 0.90687860 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.10842010 % 3.96905555 % 0.92086610 %
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 7.76329300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 162.24
POOL TRADING FACTOR: 83.60741991
................................................................................
Run: 06/28/99 09:02:01 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS10(POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4313
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FUR2 25,000,000.00 19,596,332.93 6.750000 % 687,948.60
A-2 76110FUS0 29,011,000.00 9,890,232.06 6.750000 % 2,434,292.39
A-3 76110FUT8 12,434,000.00 12,434,000.00 6.750000 % 0.00
A-4 76110FUU5 17,404,000.00 17,404,000.00 6.750000 % 0.00
A-5 76110FUV3 7,831,000.00 7,831,000.00 6.750000 % 0.00
A-6 76110FUW1 13,853,000.00 13,853,000.00 6.750000 % 0.00
A-7 76110FUX9 14,886,000.00 14,886,000.00 6.750000 % 0.00
A-8 76110FUY7 8,409,000.00 8,409,000.00 6.750000 % 0.00
A-9 76110FUZ4 5,000,000.00 5,000,000.00 6.750000 % 0.00
A-10 76110FVA8 16,186,000.00 16,063,404.84 6.750000 % 11,718.62
A-11 76110FVB6 10,998.00 10,751.34 0.000000 % 10.71
A-12 76110FVC4 0.00 0.00 1.014453 % 0.00
R 76110FVD2 100.00 0.00 6.750000 % 0.00
M-1 76110FVE0 4,827,000.00 4,790,439.60 6.750000 % 3,494.74
M-2 76110FVF7 2,011,300.00 1,996,066.11 6.750000 % 1,456.18
M-3 76110FVG5 2,011,300.00 1,996,066.11 6.750000 % 1,456.18
B-1 76110FVH3 884,900.00 878,197.65 6.750000 % 640.67
B-2 76110FVJ9 482,700.00 479,043.95 6.750000 % 349.47
B-3 76110FVK6 643,577.01 638,702.41 6.750000 % 465.94
- -------------------------------------------------------------------------------
160,885,875.01 136,156,237.00 3,141,833.50
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 110,201.47 798,150.07 0.00 0.00 18,908,384.33
A-2 55,618.48 2,489,910.87 0.00 0.00 7,455,939.67
A-3 69,923.54 69,923.54 0.00 0.00 12,434,000.00
A-4 97,872.72 97,872.72 0.00 0.00 17,404,000.00
A-5 44,038.23 44,038.23 0.00 0.00 7,831,000.00
A-6 77,903.40 77,903.40 0.00 0.00 13,853,000.00
A-7 83,712.55 83,712.55 0.00 0.00 14,886,000.00
A-8 47,288.66 47,288.66 0.00 0.00 8,409,000.00
A-9 28,117.88 28,117.88 0.00 0.00 5,000,000.00
A-10 90,333.78 102,052.40 0.00 0.00 16,051,686.22
A-11 0.00 10.71 0.00 0.00 10,740.63
A-12 115,074.31 115,074.31 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 26,939.40 30,434.14 0.00 0.00 4,786,944.86
M-2 11,225.03 12,681.21 0.00 0.00 1,994,609.93
M-3 11,225.03 12,681.21 0.00 0.00 1,994,609.93
B-1 4,938.61 5,579.28 0.00 0.00 877,556.98
B-2 2,693.94 3,043.41 0.00 0.00 478,694.48
B-3 3,591.79 4,057.73 0.00 0.00 638,236.47
- -------------------------------------------------------------------------------
880,698.82 4,022,532.32 0.00 0.00 133,014,403.50
===============================================================================
Run: 06/28/99 09:02:01
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS10(POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4313
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 783.853317 27.517944 4.408059 31.926003 0.000000 756.335373
A-2 340.913173 83.909289 1.917151 85.826440 0.000000 257.003884
A-3 1000.000000 0.000000 5.623576 5.623576 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623576 5.623576 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623577 5.623577 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623576 5.623576 0.000000 1000.000000
A-7 1000.000000 0.000000 5.623576 5.623576 0.000000 1000.000000
A-8 1000.000000 0.000000 5.623577 5.623577 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623576 5.623576 0.000000 1000.000000
A-10 992.425852 0.723997 5.580982 6.304979 0.000000 991.701855
A-11 977.572286 0.973813 0.000000 0.973813 0.000000 976.598472
A-12 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 992.425855 0.723998 5.580982 6.304980 0.000000 991.701856
M-2 992.425849 0.723999 5.580982 6.304981 0.000000 991.701850
M-3 992.425849 0.723999 5.580982 6.304981 0.000000 991.701850
B-1 992.425867 0.724003 5.580981 6.304984 0.000000 991.701865
B-2 992.425834 0.723990 5.580982 6.304972 0.000000 991.701844
B-3 992.425770 0.724000 5.580979 6.304979 0.000000 991.701786
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:02:01 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS10 (POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4313
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 28,043.66
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 18,055.11
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 14 1,786,017.57
(B) TWO MONTHLY PAYMENTS: 1 142,709.29
(C) THREE OR MORE MONTHLY PAYMENTS: 2 386,530.17
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 199,551.92
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 133,014,403.50
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,024
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 3,042,501.54
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.08308980 % 6.45087300 % 1.46603760 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.90198790 % 6.59790556 % 1.49957370 %
BANKRUPTCY AMOUNT AVAILABLE 132,896.00
FRAUD AMOUNT AVAILABLE 3,217,718.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,608,859.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.09468718
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 344.03
POOL TRADING FACTOR: 82.67624706
................................................................................
Run: 06/28/99 09:02:02 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 46,534,223.59 6.750000 % 8,332,773.09
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 5.722500 % 0.00
A-9 76110FVU4 3,469,000.00 3,469,000.00 9.831910 % 0.00
A-10 76110FVU2 7,590,000.00 7,259,431.35 6.750000 % 31,865.73
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 77,152.44 0.000000 % 69.59
A-14 76110FVZ3 0.00 0.00 0.940924 % 0.00
R 76110FWA7 100.00 0.00 6.750000 % 0.00
M-1 76110FWB5 11,770,000.00 11,679,968.70 6.750000 % 8,678.72
M-2 76110FWC3 5,349,900.00 5,308,977.46 6.750000 % 3,944.80
M-3 76110FWD1 5,349,900.00 5,308,977.46 6.750000 % 3,944.80
B-1 76110FWE9 2,354,000.00 2,335,993.75 6.750000 % 1,735.74
B-2 76110FWF6 1,284,000.00 1,274,178.39 6.750000 % 946.77
B-3 76110FWG4 1,712,259.01 1,699,161.53 6.750000 % 1,262.56
- -------------------------------------------------------------------------------
427,987,988.79 374,978,064.67 8,385,221.80
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 261,685.72 8,594,458.81 0.00 0.00 38,201,450.50
A-2 241,810.97 241,810.97 0.00 0.00 43,000,000.00
A-3 337,410.66 337,410.66 0.00 0.00 60,000,000.00
A-4 151,834.80 151,834.80 0.00 0.00 27,000,000.00
A-5 295,234.33 295,234.33 0.00 0.00 52,500,000.00
A-6 205,258.15 205,258.15 0.00 0.00 36,500,000.00
A-7 140,587.78 140,587.78 0.00 0.00 25,000,000.00
A-8 49,605.71 49,605.71 0.00 0.00 10,405,000.00
A-9 28,414.89 28,414.89 0.00 0.00 3,469,000.00
A-10 40,823.49 72,689.22 0.00 0.00 7,227,565.62
A-11 42,176.33 42,176.33 0.00 0.00 7,500,000.00
A-12 158,166.87 158,166.87 0.00 0.00 28,126,000.00
A-13 0.00 69.59 0.00 0.00 77,082.85
A-14 293,943.82 293,943.82 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,682.43 74,361.15 0.00 0.00 11,671,289.98
M-2 29,855.10 33,799.90 0.00 0.00 5,305,032.66
M-3 29,855.10 33,799.90 0.00 0.00 5,305,032.66
B-1 13,136.48 14,872.22 0.00 0.00 2,334,258.01
B-2 7,165.35 8,112.12 0.00 0.00 1,273,231.62
B-3 9,555.25 10,817.81 0.00 0.00 1,697,898.97
- -------------------------------------------------------------------------------
2,402,203.23 10,787,425.03 0.00 0.00 366,592,842.87
===============================================================================
Run: 06/28/99 09:02:02
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-1 470.042663 84.169425 2.643290 86.812715 0.000000 385.873237
A-2 1000.000000 0.000000 5.623511 5.623511 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623511 5.623511 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623511 5.623511 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623511 5.623511 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623511 5.623511 0.000000 1000.000000
A-7 1000.000000 0.000000 5.623511 5.623511 0.000000 1000.000000
A-8 1000.000000 0.000000 4.767488 4.767488 0.000000 1000.000000
A-9 1000.000000 0.000000 8.191090 8.191090 0.000000 1000.000000
A-10 956.446818 4.198383 5.378589 9.576972 0.000000 952.248435
A-11 1000.000000 0.000000 5.623511 5.623511 0.000000 1000.000000
A-12 1000.000000 0.000000 5.623511 5.623511 0.000000 1000.000000
A-13 991.297162 0.894131 0.000000 0.894131 0.000000 990.403031
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-1 992.350782 0.737359 5.580495 6.317854 0.000000 991.613422
M-2 992.350784 0.737360 5.580497 6.317857 0.000000 991.613425
M-3 992.350784 0.737360 5.580497 6.317857 0.000000 991.613425
B-1 992.350786 0.737358 5.580493 6.317851 0.000000 991.613428
B-2 992.350771 0.737360 5.580491 6.317851 0.000000 991.613411
B-3 992.350760 0.737359 5.580493 6.317852 0.000000 991.613395
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:02:02 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS9 (POOL # 4314)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4314
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 77,180.96
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 63,471.61
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 6,342,619.60
(B) TWO MONTHLY PAYMENTS: 5 825,337.72
(C) THREE OR MORE MONTHLY PAYMENTS: 3 195,495.23
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 1,274,611.84
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 366,592,842.87
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,829
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 8,106,584.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.63611890 % 5.94768500 % 1.41619650 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.47324480 % 6.07795699 % 1.44751990 %
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 8.01732791
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 344.20
POOL TRADING FACTOR: 85.65493716
................................................................................
Run: 06/28/99 09:02:07 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 59,137,698.51 6.750000 % 6,812,250.59
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 5.701250 % 0.00
A-8 76110FWQ2 5,046,000.00 5,046,000.00 10.121402 % 0.00
A-9 76110FWR0 96,429,000.00 96,429,000.00 6.750000 % 0.00
A-10 76110FWS8 62,872.89 62,210.98 0.000000 % 78.27
A-11 76110FWT6 0.00 0.00 0.890808 % 0.00
R 76110FWU3 100.00 0.00 6.750000 % 0.00
M-1 76110FWV1 13,198,800.00 13,106,735.30 6.750000 % 9,804.60
M-2 76110FWW9 6,000,000.00 5,958,148.60 6.750000 % 4,457.04
M-3 76110FWX7 4,799,500.00 4,766,022.37 6.750000 % 3,565.26
B-1 76110FWY5 2,639,600.00 2,621,188.18 6.750000 % 1,960.80
B-2 76110FWZ2 1,439,500.00 1,429,459.15 6.750000 % 1,069.32
B-3 76110FXA6 1,919,815.88 1,906,424.74 6.750000 % 1,426.12
- -------------------------------------------------------------------------------
479,943,188.77 426,753,887.83 6,834,612.00
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 332,546.09 7,144,796.68 0.00 0.00 52,325,447.92
A-2 269,730.46 269,730.46 0.00 0.00 47,967,000.00
A-3 379,687.50 379,687.50 0.00 0.00 67,521,000.00
A-4 170,643.16 170,643.16 0.00 0.00 30,346,000.00
A-5 256,476.46 256,476.46 0.00 0.00 45,610,000.00
A-6 160,982.42 160,982.42 0.00 0.00 28,628,000.00
A-7 77,033.17 77,033.17 0.00 0.00 16,219,000.00
A-8 42,547.26 42,547.26 0.00 0.00 5,046,000.00
A-9 542,244.43 542,244.43 0.00 0.00 96,429,000.00
A-10 0.00 78.27 0.00 0.00 62,132.71
A-11 316,698.05 316,698.05 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,702.46 83,507.06 0.00 0.00 13,096,930.70
M-2 33,504.17 37,961.21 0.00 0.00 5,953,691.56
M-3 26,800.54 30,365.80 0.00 0.00 4,762,457.11
B-1 14,739.59 16,700.39 0.00 0.00 2,619,227.38
B-2 8,038.21 9,107.53 0.00 0.00 1,428,389.83
B-3 10,720.30 12,146.42 0.00 0.00 1,904,998.62
- -------------------------------------------------------------------------------
2,716,094.27 9,550,706.27 0.00 0.00 419,919,275.83
===============================================================================
Run: 06/28/99 09:02:07
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-1 527.464154 60.760193 2.966063 63.726256 0.000000 466.703960
A-2 1000.000000 0.000000 5.623251 5.623251 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623251 5.623251 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623251 5.623251 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623251 5.623251 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623251 5.623251 0.000000 1000.000000
A-7 1000.000000 0.000000 4.749563 4.749563 0.000000 1000.000000
A-8 1000.000000 0.000000 8.431879 8.431879 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623251 5.623251 0.000000 1000.000000
A-10 989.472251 1.244893 0.000000 1.244893 0.000000 988.227358
A-11 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.024767 0.742840 5.584027 6.326867 0.000000 992.281927
M-2 993.024767 0.742840 5.584028 6.326868 0.000000 992.281927
M-3 993.024767 0.742840 5.584028 6.326868 0.000000 992.281927
B-1 993.024769 0.742840 5.584024 6.326864 0.000000 992.281929
B-2 993.024766 0.742841 5.584029 6.326870 0.000000 992.281924
B-3 993.024779 0.742842 5.584025 6.326867 0.000000 992.281937
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:02:07 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS11 (POOL # 4319)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4319
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 88,175.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,696.46
SUBSERVICER ADVANCES THIS MONTH 64,335.62
MASTER SERVICER ADVANCES THIS MONTH 1,118.17
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 47 6,209,503.25
(B) TWO MONTHLY PAYMENTS: 6 650,446.44
(C) THREE OR MORE MONTHLY PAYMENTS: 7 1,346,838.41
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 595,035.58
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 419,919,275.83
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,222
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 146,283.32
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,515,365.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.01885180 % 5.58504100 % 1.39610690 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.91051830 % 5.67087075 % 1.41777170 %
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 7.96687904
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.16
POOL TRADING FACTOR: 87.49353791
................................................................................
Run: 06/28/99 11:52:07 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-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 188,037,444.00 173,222,112.54 7.000000 % 1,676,008.59
CB-2 76110FXP8 6,964,350.00 6,415,633.99 0.000000 % 62,074.39
NB-1 76110FXQ1 25,499,800.00 18,679,972.00 6.750000 % 279,952.88
NB-2 76110FXR9 7,423,000.00 7,423,000.00 6.750000 % 0.00
NB-3 76110FXS7 21,430,159.00 21,430,159.00 6.750000 % 0.00
NB-4 76110FXT5 4,020,000.00 4,020,000.00 6.750000 % 0.00
NB-5 76110FXU2 10,500,000.00 10,500,000.00 6.750000 % 0.00
NB-6 76110FXV0 0.00 0.00 0.350000 % 0.00
NB-7 76110FXW8 15,249,000.00 11,688,143.04 6.400000 % 146,168.34
NB-8 76110FXX6 20,899,000.00 16,987,245.92 6.100000 % 160,572.19
NB-9 76110FXY4 0.00 0.00 0.650000 % 0.00
A-P 76110FXZ1 58,061.92 57,085.19 0.000000 % 57.36
A-V 76110FYA5 0.00 0.00 0.843319 % 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 8,752,524.60 6.750000 % 6,541.46
M-2 76110FYE7 4,001,000.00 3,978,284.68 6.750000 % 2,973.29
M-3 76110FYF4 3,201,000.00 3,182,826.60 6.750000 % 2,378.78
B-1 76110FYG2 1,760,300.00 1,750,306.05 6.750000 % 1,308.14
B-2 76110FYH0 960,000.00 954,549.68 6.750000 % 713.41
B-3 76110FYJ6 1,280,602.22 1,273,331.76 6.750000 % 951.66
- -------------------------------------------------------------------------------
320,086,417.14 290,315,175.05 2,339,700.49
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,010,241.68 2,686,250.27 0.00 0.00 171,546,103.95
CB-2 0.00 62,074.39 0.00 0.00 6,353,559.60
NB-1 105,070.83 385,023.71 0.00 0.00 18,400,019.12
NB-2 41,752.79 41,752.79 0.00 0.00 7,423,000.00
NB-3 120,540.04 120,540.04 0.00 0.00 21,430,159.00
NB-4 22,611.64 22,611.64 0.00 0.00 4,020,000.00
NB-5 59,060.25 59,060.25 0.00 0.00 10,500,000.00
NB-6 3,408.91 3,408.91 0.00 0.00 0.00
NB-7 62,334.38 208,502.72 0.00 0.00 11,541,974.70
NB-8 86,348.54 246,920.73 0.00 0.00 16,826,673.73
NB-9 9,201.07 9,201.07 0.00 0.00 0.00
A-P 0.00 57.36 0.00 0.00 57,027.83
A-V 203,991.42 203,991.42 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 49,224.28 55,765.74 0.00 0.00 8,745,983.14
M-2 22,373.91 25,347.20 0.00 0.00 3,975,311.39
M-3 17,900.25 20,279.03 0.00 0.00 3,180,447.82
B-1 9,843.74 11,151.88 0.00 0.00 1,748,997.91
B-2 5,368.39 6,081.80 0.00 0.00 953,836.27
B-3 7,161.23 8,112.89 0.00 0.00 1,272,380.10
- -------------------------------------------------------------------------------
1,836,433.35 4,176,133.84 0.00 0.00 287,975,474.56
===============================================================================
Run: 06/28/99 11:52:07
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-1 921.210738 8.913164 5.372556 14.285720 0.000000 912.297574
CB-2 921.210736 8.913163 0.000000 8.913163 0.000000 912.297573
NB-1 732.553667 10.978630 4.120457 15.099087 0.000000 721.575037
NB-2 1000.000000 0.000000 5.624786 5.624786 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624785 5.624785 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.624786 5.624786 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.624786 5.624786 0.000000 1000.000000
NB-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-7 766.485871 9.585438 4.087768 13.673206 0.000000 756.900433
NB-8 812.825777 7.683248 4.131707 11.814955 0.000000 805.142530
NB-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-P 983.177787 0.987987 0.000000 0.987987 0.000000 982.189799
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-1 994.322590 0.743137 5.592080 6.335217 0.000000 993.579454
M-2 994.322589 0.743137 5.592079 6.335216 0.000000 993.579453
M-3 994.322587 0.743137 5.592081 6.335218 0.000000 993.579450
B-1 994.322587 0.743135 5.592081 6.335216 0.000000 993.579452
B-2 994.322583 0.743135 5.592073 6.335208 0.000000 993.579448
B-3 994.322624 0.743135 5.592080 6.335215 0.000000 993.579490
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:52:07 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS12 (POOL # 4321)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4321
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 60,229.55
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 12,485.00
SUBSERVICER ADVANCES THIS MONTH 56,982.38
MASTER SERVICER ADVANCES THIS MONTH 974.95
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 46 5,870,387.71
(B) TWO MONTHLY PAYMENTS: 5 917,306.26
(C) THREE OR MORE MONTHLY PAYMENTS: 1 62,806.43
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 1,026,085.75
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 287,975,474.56
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,040
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 126,164.47
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,122,777.83
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.12853400 % 5.48150300 % 1.37029950 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.09632400 % 5.52190855 % 1.38067370 %
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 7.91929100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.09
POOL TRADING FACTOR: 89.96803961
................................................................................
Run: 06/28/99 11:46:04 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 112,514,000.00 104,633,290.80 6.500000 % 1,001,116.98
NB 37,758,000.00 32,779,563.37 6.500000 % 1,019,189.11
A-P 53,454.22 51,873.00 0.000000 % 204.73
A-V 0.00 0.00 0.847850 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 4,083,000.00 3,978,747.14 6.500000 % 13,521.69
M-2 706,500.00 688,460.66 6.500000 % 2,339.72
M-3 628,000.00 611,965.03 6.500000 % 2,079.75
B-1 471,000.00 458,973.78 6.500000 % 1,559.81
B-2 314,000.00 305,982.52 6.500000 % 1,039.88
B-3 471,221.05 459,189.17 6.500000 % 1,560.52
- -------------------------------------------------------------------------------
156,999,275.27 143,968,045.47 2,042,612.19
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 566,211.30 1,567,328.28 0.00 0.00 103,632,173.82
NB 177,382.93 1,196,572.04 0.00 0.00 31,760,374.26
A-P 0.00 204.73 0.00 0.00 51,668.27
A-V 101,620.34 101,620.34 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 21,530.55 35,052.24 0.00 0.00 3,965,225.45
M-2 3,725.53 6,065.25 0.00 0.00 686,120.94
M-3 3,311.58 5,391.33 0.00 0.00 609,885.28
B-1 2,483.69 4,043.50 0.00 0.00 457,413.97
B-2 1,655.79 2,695.67 0.00 0.00 304,942.64
B-3 2,484.85 4,045.37 0.00 0.00 457,628.62
- -------------------------------------------------------------------------------
880,406.56 2,923,018.75 0.00 0.00 141,925,433.25
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 929.957968 8.897710 5.032363 13.930073 0.000000 921.060258
NB 868.148826 26.992667 4.697890 31.690557 0.000000 841.156159
A-P 970.419174 3.830093 0.000000 3.830093 0.000000 966.589081
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 974.466603 3.311705 5.273218 8.584923 0.000000 971.154898
M-2 974.466610 3.311706 5.273220 8.584926 0.000000 971.154905
M-3 974.466608 3.311704 5.273217 8.584921 0.000000 971.154905
B-1 974.466624 3.311699 5.273227 8.584926 0.000000 971.154926
B-2 974.466624 3.311720 5.273217 8.584937 0.000000 971.154905
B-3 974.466591 3.311652 5.273215 8.584867 0.000000 971.154885
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:46:04 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS13 (POOL # 4322)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4322
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 29,804.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,460.36
SUBSERVICER ADVANCES THIS MONTH 7,418.87
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 6 578,095.94
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 1 164,449.80
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 51,014.13
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 141,925,433.25
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,347
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 1,553,288.74
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.48117620 % 3.66690600 % 0.85028970 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.43170160 % 3.70703936 % 0.85990900 %
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 7.67284300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 165.45
POOL TRADING FACTOR: 90.39878242
................................................................................
Run: 06/28/99 09:02:14 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS14(POOL # 4335)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4335
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FYK3 104,208,000.00 104,208,000.00 6.750000 % 0.00
A-2 76110FYL1 97,975,000.00 79,662,514.39 6.500000 % 3,540,422.65
A-3 76110FYM9 46,000,000.00 37,402,149.72 6.250000 % 1,662,255.17
A-4 76110FYN7 37,995,000.00 30,893,362.55 8.000000 % 1,372,986.64
A-5 76110FYP2 25,759,000.00 25,759,000.00 6.750000 % 0.00
A-6 76110FYQ0 88,071,000.00 88,071,000.00 6.750000 % 0.00
A-P 76110FYR8 95,321.30 91,004.94 0.000000 % 205.34
A-V 76110FYS6 0.00 0.00 0.825235 % 0.00
R 76110FYT4 100.00 0.00 6.750000 % 0.00
M-1 76110FYU1 12,410,000.00 12,332,346.37 6.750000 % 9,112.63
M-2 76110FYV9 5,563,000.00 5,528,190.41 6.750000 % 4,084.90
M-3 76110FYW7 4,279,000.00 4,252,224.83 6.750000 % 3,142.06
B-1 76110FYX5 2,567,500.00 2,551,434.28 6.750000 % 1,885.31
B-2 76110FYY3 1,283,800.00 1,275,766.83 6.750000 % 942.69
B-3 76110FYZ0 1,711,695.86 1,700,985.15 6.750000 % 1,256.90
- -------------------------------------------------------------------------------
427,918,417.16 393,727,979.47 6,596,294.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 585,983.06 585,983.06 0.00 0.00 104,208,000.00
A-2 431,367.67 3,971,790.32 0.00 0.00 76,122,091.74
A-3 194,740.73 1,856,995.90 0.00 0.00 35,739,894.55
A-4 205,890.07 1,578,876.71 0.00 0.00 29,520,375.91
A-5 144,848.17 144,848.17 0.00 0.00 25,759,000.00
A-6 495,241.38 495,241.38 0.00 0.00 88,071,000.00
A-P 0.00 205.34 0.00 0.00 90,799.60
A-V 270,678.64 270,678.64 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 69,347.33 78,459.96 0.00 0.00 12,323,233.74
M-2 31,086.15 35,171.05 0.00 0.00 5,524,105.51
M-3 23,911.13 27,053.19 0.00 0.00 4,249,082.77
B-1 14,347.24 16,232.55 0.00 0.00 2,549,548.97
B-2 7,173.90 8,116.59 0.00 0.00 1,274,824.14
B-3 9,564.99 10,821.89 0.00 0.00 1,699,728.25
- -------------------------------------------------------------------------------
2,484,180.46 9,080,474.75 0.00 0.00 387,131,685.18
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 0.000000 5.623206 5.623206 0.000000 1000.000000
A-2 813.090221 36.135980 4.402834 40.538814 0.000000 776.954241
A-3 813.090211 36.135982 4.233494 40.369476 0.000000 776.954229
A-4 813.090211 36.135982 5.418873 41.554855 0.000000 776.954228
A-5 1000.000000 0.000000 5.623206 5.623206 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623206 5.623206 0.000000 1000.000000
A-P 954.717781 2.154188 0.000000 2.154188 0.000000 952.563593
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.742657 0.734297 5.588020 6.322317 0.000000 993.008359
M-2 993.742659 0.734298 5.588019 6.322317 0.000000 993.008361
M-3 993.742657 0.734298 5.588018 6.322316 0.000000 993.008359
B-1 993.742660 0.734298 5.588019 6.322317 0.000000 993.008362
B-2 993.742662 0.734297 5.588020 6.322317 0.000000 993.008366
B-3 993.742633 0.734295 5.588020 6.322315 0.000000 993.008332
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:02:15 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS14 (POOL # 4335)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4335
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 81,305.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,705.70
SUBSERVICER ADVANCES THIS MONTH 46,897.43
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 44 4,997,205.88
(B) TWO MONTHLY PAYMENTS: 8 1,153,794.96
(C) THREE OR MORE MONTHLY PAYMENTS: 2 286,928.41
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 151,110.73
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 387,131,685.18
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,984
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 6,305,344.33
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.97806110 % 5.61755200 % 1.40438690 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.86366780 % 5.70772759 % 1.42726560 %
BANKRUPTCY AMOUNT AVAILABLE 190,375.00
FRAUD AMOUNT AVAILABLE 8,558,368.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,279,184.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.89887850
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.75
POOL TRADING FACTOR: 90.46857290
................................................................................
Run: 06/28/99 11:46:17 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS15(POOL # 4336)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4336
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB 250,018,000.00 236,037,955.81 6.500000 % 2,739,023.55
NB 150,029,000.00 138,647,049.83 6.500000 % 2,407,621.63
A-V 0.00 0.00 1.019983 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 14,626,000.00 14,562,181.49 6.500000 % 10,971.12
M-2 5,377,000.00 5,353,538.21 6.500000 % 4,033.35
M-3 4,517,000.00 4,497,290.70 6.500000 % 3,388.25
B-1 2,581,000.00 2,569,738.16 6.500000 % 1,936.04
B-2 1,290,500.00 1,284,869.08 6.500000 % 968.02
B-3 1,720,903.67 1,713,394.74 6.500000 % 1,290.87
- -------------------------------------------------------------------------------
430,159,503.67 404,666,018.02 5,169,232.83
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 1,278,114.72 4,017,138.27 0.00 0.00 233,298,932.26
NB 750,958.22 3,158,579.85 0.00 0.00 136,239,428.20
A-V 343,880.74 343,880.74 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 78,857.20 89,828.32 0.00 0.00 14,551,210.37
M-2 28,990.51 33,023.86 0.00 0.00 5,349,504.86
M-3 24,353.75 27,742.00 0.00 0.00 4,493,902.45
B-1 13,915.67 15,851.71 0.00 0.00 2,567,802.12
B-2 6,957.83 7,925.85 0.00 0.00 1,283,901.06
B-3 9,278.39 10,569.26 0.00 0.00 1,712,103.89
- -------------------------------------------------------------------------------
2,535,307.03 7,704,539.86 0.00 0.00 399,496,785.21
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 944.083849 10.955305 5.112091 16.067396 0.000000 933.128544
NB 924.134999 16.047708 5.005420 21.053128 0.000000 908.087291
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-1 995.636640 0.750111 5.391577 6.141688 0.000000 994.886529
M-2 995.636639 0.750112 5.391577 6.141689 0.000000 994.886528
M-3 995.636639 0.750111 5.391576 6.141687 0.000000 994.886529
B-1 995.636637 0.750112 5.391581 6.141693 0.000000 994.886525
B-2 995.636637 0.750112 5.391577 6.141689 0.000000 994.886525
B-3 995.636635 0.750112 5.391580 6.141692 0.000000 994.886535
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 11:46:17 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS15 (POOL # 4336)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4336
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 84,012.79
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,950.99
SUBSERVICER ADVANCES THIS MONTH 64,212.84
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 42 6,928,313.10
(B) TWO MONTHLY PAYMENTS: 5 511,293.31
(C) THREE OR MORE MONTHLY PAYMENTS: 5 865,771.07
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 452,160.14
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 399,496,785.21
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,871
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 4,864,418.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.59117120 % 6.03287900 % 1.37595000 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.50095970 % 6.10633642 % 1.39270380 %
BANKRUPTCY AMOUNT AVAILABLE 164,263.00
FRAUD AMOUNT AVAILABLE 8,603,190.04
SPECIAL HAZARD AMOUNT AVAILABLE 301,595.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.81975200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.59
POOL TRADING FACTOR: 92.87177938
................................................................................
Run: 06/28/99 09:02:15 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS16(POOL # 4337)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4337
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FZA4 109,739,000.00 103,598,787.90 6.500000 % 931,072.33
A-P 76110FZB2 32,286.88 31,624.80 0.000000 % 431.63
A-V 76110FZC0 0.00 0.00 0.755790 % 0.00
R 76110FZD8 100.00 0.00 6.500000 % 0.00
M-1 76110FZE6 3,276,000.00 3,213,724.62 6.500000 % 10,684.77
M-2 76110FZF3 517,300.00 507,466.34 6.500000 % 1,687.19
M-3 76110FZG1 459,700.00 450,961.30 6.500000 % 1,499.33
B-1 76110FZH9 344,800.00 338,245.49 6.500000 % 1,124.58
B-2 76110FZJ5 229,800.00 225,431.59 6.500000 % 749.50
B-3 76110FZK2 344,884.43 338,328.34 6.500000 % 1,124.85
- -------------------------------------------------------------------------------
114,943,871.31 108,704,570.38 948,374.18
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 560,790.32 1,491,862.65 0.00 0.00 102,667,715.57
A-P 0.00 431.63 0.00 0.00 31,193.17
A-V 68,419.71 68,419.71 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,396.21 28,080.98 0.00 0.00 3,203,039.85
M-2 2,746.97 4,434.16 0.00 0.00 505,779.15
M-3 2,441.10 3,940.43 0.00 0.00 449,461.97
B-1 1,830.95 2,955.53 0.00 0.00 337,120.91
B-2 1,220.29 1,969.79 0.00 0.00 224,682.09
B-3 1,831.40 2,956.25 0.00 0.00 337,203.49
- -------------------------------------------------------------------------------
656,676.95 1,605,051.13 0.00 0.00 107,756,196.20
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 944.047129 8.484425 5.110219 13.594644 0.000000 935.562704
A-P 979.493838 13.368588 0.000000 13.368588 0.000000 966.125250
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-1 980.990421 3.261529 5.310198 8.571727 0.000000 977.728892
M-2 980.990412 3.261531 5.310207 8.571738 0.000000 977.728881
M-3 980.990429 3.261540 5.310202 8.571742 0.000000 977.728888
B-1 980.990400 3.261543 5.310180 8.571723 0.000000 977.728857
B-2 980.990383 3.261532 5.310226 8.571758 0.000000 977.728851
B-3 980.990473 3.261527 5.310185 8.571712 0.000000 977.728945
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:02:15 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS16 (POOL # 4337)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4337
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 22,579.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,018.88
SUBSERVICER ADVANCES THIS MONTH 8,636.70
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 9 938,934.88
(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 107,756,196.20
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,160
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 586,956.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.33079950 % 3.83918200 % 0.83001840 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.30537260 % 3.85897156 % 0.83453840 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,298,877.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,296,326.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.58264838
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 168.25
POOL TRADING FACTOR: 93.74679569
................................................................................
Run: 06/28/99 09:02:25 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 36,906,310.06 6.500000 % 3,477,039.48
A-2 76110FC92 25,000,000.00 25,000,000.00 6.500000 % 0.00
A-3 76110FD26 25,001,570.00 24,930,622.60 6.500000 % 51,655.72
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 16,315.68 0.000000 % 22.09
A-V 76110FD75 0.00 0.00 1.076019 % 0.00
R 76110FD83 100.00 0.00 6.500000 % 0.00
M-1 76110FD91 9,141,000.00 9,115,060.43 6.500000 % 18,886.21
M-2 76110FE25 3,360,700.00 3,351,163.28 6.500000 % 6,943.54
M-3 76110FE33 2,823,000.00 2,814,989.13 6.500000 % 5,832.60
B-1 76110FE41 1,613,200.00 1,608,622.19 6.500000 % 3,333.03
B-2 76110FE58 806,600.00 804,311.10 6.500000 % 1,666.52
B-3 76110FE66 1,075,021.18 1,071,970.54 6.500000 % 2,221.10
- -------------------------------------------------------------------------------
268,851,631.00 256,110,395.01 3,567,600.29
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 199,872.81 3,676,912.29 0.00 0.00 33,429,270.58
A-2 135,392.03 135,392.03 0.00 0.00 25,000,000.00
A-3 135,016.30 186,672.02 0.00 0.00 24,878,966.88
A-4 13,405.67 13,405.67 0.00 0.00 2,475,344.00
A-5 75,955.09 75,955.09 0.00 0.00 14,025,030.00
A-6 725,650.66 725,650.66 0.00 0.00 133,990,656.00
A-P 0.00 22.09 0.00 0.00 16,293.59
A-V 229,607.82 229,607.82 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 49,364.26 68,250.47 0.00 0.00 9,096,174.22
M-2 18,148.83 25,092.37 0.00 0.00 3,344,219.74
M-3 15,245.09 21,077.69 0.00 0.00 2,809,156.53
B-1 8,711.78 12,044.81 0.00 0.00 1,605,289.16
B-2 4,355.90 6,022.42 0.00 0.00 802,644.58
B-3 5,805.45 8,026.55 0.00 0.00 1,069,749.44
- -------------------------------------------------------------------------------
1,616,531.69 5,184,131.98 0.00 0.00 252,542,794.72
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 745.235750 70.210599 4.035959 74.246558 0.000000 675.025152
A-2 1000.000000 0.000000 5.415681 5.415681 0.000000 1000.000000
A-3 997.162282 2.066099 5.400313 7.466412 0.000000 995.096183
A-4 1000.000000 0.000000 5.415680 5.415680 0.000000 1000.000000
A-5 1000.000000 0.000000 5.415681 5.415681 0.000000 1000.000000
A-6 1000.000000 0.000000 5.415681 5.415681 0.000000 1000.000000
A-P 994.263191 1.346145 0.000000 1.346145 0.000000 992.917046
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.162283 2.066099 5.400313 7.466412 0.000000 995.096184
M-2 997.162282 2.066099 5.400312 7.466411 0.000000 995.096182
M-3 997.162285 2.066100 5.400315 7.466415 0.000000 995.096185
B-1 997.162280 2.066098 5.400310 7.466408 0.000000 995.096182
B-2 997.162286 2.066105 5.400322 7.466427 0.000000 995.096182
B-3 997.162251 2.066099 5.400312 7.466411 0.000000 995.096152
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:02:26 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-QS1 (POOL # 4355)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4355
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 52,874.50
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,758.08
SUBSERVICER ADVANCES THIS MONTH 33,764.65
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 3,878,623.35
(B) TWO MONTHLY PAYMENTS: 2 603,184.48
(C) THREE OR MORE MONTHLY PAYMENTS: 2 268,844.92
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 252,542,794.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,854
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 3,036,963.70
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 342,953.26
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.67217860 % 5.96703100 % 1.36079050 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.58405210 % 6.03840252 % 1.37715570 %
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 7.90232679
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.78
POOL TRADING FACTOR: 93.93388977
................................................................................
Run: 06/28/99 09:02:30 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS2(POOL # 4362)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4362
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FG80 18,049,000.00 13,987,911.04 6.500000 % 2,269,681.16
A-2 76110FE74 95,030,000.00 95,030,000.00 6.500000 % 0.00
A-3 76110FE82 135,727,000.00 130,852,536.82 6.500000 % 2,724,263.70
A-4 76110FE90 3,798,000.00 3,798,000.00 6.500000 % 0.00
A-5 76110FF24 5,219,000.00 5,219,000.00 6.500000 % 0.00
A-6 76110FF32 1,000,000.00 1,000,000.00 6.000000 % 0.00
A-7 76110FF40 1,000,000.00 1,000,000.00 7.000000 % 0.00
A-8 76110FF57 8,003,000.00 8,003,000.00 6.500000 % 0.00
A-9 76110FF65 32,176,000.00 32,176,000.00 6.500000 % 0.00
A-P 76110FF73 35,672.56 35,574.21 0.000000 % 34.07
A-V 76110FF81 0.00 0.00 1.050462 % 0.00
R 76110FF99 100.00 0.00 6.500000 % 0.00
M-1 76110FG23 10,297,000.00 10,269,760.24 6.500000 % 7,409.06
M-2 76110FG31 3,861,100.00 3,850,885.82 6.500000 % 2,778.20
M-3 76110FG49 3,378,500.00 3,369,562.49 6.500000 % 2,430.95
B-1 76110FG56 1,930,600.00 1,925,492.78 6.500000 % 1,389.14
B-2 76110FG64 965,300.00 962,746.39 6.500000 % 694.57
B-3 76110FG72 1,287,113.52 1,283,708.60 6.500000 % 926.10
- -------------------------------------------------------------------------------
321,757,386.08 312,764,178.39 5,009,606.95
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 75,686.53 2,345,367.69 0.00 0.00 11,718,229.88
A-2 514,193.35 514,193.35 0.00 0.00 95,030,000.00
A-3 708,023.82 3,432,287.52 0.00 0.00 128,128,273.12
A-4 20,550.42 20,550.42 0.00 0.00 3,798,000.00
A-5 28,239.24 28,239.24 0.00 0.00 5,219,000.00
A-6 4,994.63 4,994.63 0.00 0.00 1,000,000.00
A-7 5,827.07 5,827.07 0.00 0.00 1,000,000.00
A-8 43,303.05 43,303.05 0.00 0.00 8,003,000.00
A-9 174,099.61 174,099.61 0.00 0.00 32,176,000.00
A-P 0.00 34.07 0.00 0.00 35,540.14
A-V 273,495.17 273,495.17 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 55,568.16 62,977.22 0.00 0.00 10,262,351.18
M-2 20,836.57 23,614.77 0.00 0.00 3,848,107.62
M-3 18,232.21 20,663.16 0.00 0.00 3,367,131.54
B-1 10,418.56 11,807.70 0.00 0.00 1,924,103.64
B-2 5,209.28 5,903.85 0.00 0.00 962,051.82
B-3 6,945.96 7,872.06 0.00 0.00 1,282,782.50
- -------------------------------------------------------------------------------
1,965,623.63 6,975,230.58 0.00 0.00 307,754,571.44
===============================================================================
Run: 06/28/99 09:02:30
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS2(POOL # 4362)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4362
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 774.996456 125.751075 4.193392 129.944467 0.000000 649.245381
A-2 1000.000000 0.000000 5.410853 5.410853 0.000000 1000.000000
A-3 964.086267 20.071642 5.216529 25.288171 0.000000 944.014626
A-4 1000.000000 0.000000 5.410853 5.410853 0.000000 1000.000000
A-5 1000.000000 0.000000 5.410853 5.410853 0.000000 1000.000000
A-6 1000.000000 0.000000 4.994630 4.994630 0.000000 1000.000000
A-7 1000.000000 0.000000 5.827070 5.827070 0.000000 1000.000000
A-8 1000.000000 0.000000 5.410852 5.410852 0.000000 1000.000000
A-9 1000.000000 0.000000 5.410853 5.410853 0.000000 1000.000000
A-P 997.242979 0.955076 0.000000 0.955076 0.000000 996.287903
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.354593 0.719536 5.396539 6.116075 0.000000 996.635057
M-2 997.354593 0.719536 5.396537 6.116073 0.000000 996.635057
M-3 997.354592 0.719535 5.396540 6.116075 0.000000 996.635057
B-1 997.354594 0.719538 5.396540 6.116078 0.000000 996.635057
B-2 997.354594 0.719538 5.396540 6.116078 0.000000 996.635057
B-3 997.354608 0.719532 5.396540 6.116072 0.000000 996.635090
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:02:31 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS2 (POOL # 4362)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4362
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 64,564.14
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,197.11
SUBSERVICER ADVANCES THIS MONTH 33,554.66
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 32 4,153,543.05
(B) TWO MONTHLY PAYMENTS: 6 538,593.57
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 71,900.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 307,754,571.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,274
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 4,783,957.82
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.07317720 % 5.59277500 % 1.33404740 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.96548930 % 5.67906766 % 1.35478720 %
BANKRUPTCY AMOUNT AVAILABLE 115,826.00
FRAUD AMOUNT AVAILABLE 6,435,148.00
SPECIAL HAZARD AMOUNT AVAILABLE 32,175,740.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.87504000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.98
POOL TRADING FACTOR: 95.64802076
................................................................................
Run: 06/28/99 09:02:32 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS3(POOL # 4363)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4363
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FJ38 167,033,000.00 164,331,558.85 6.500000 % 2,296,516.61
A-2 76110FJ46 9,013,000.00 9,013,000.00 6.500000 % 0.00
A-3 76110FJ53 25,854,000.00 25,854,000.00 6.500000 % 0.00
A-4 76110FJ61 45,000,000.00 44,391,471.00 6.500000 % 517,315.34
A-5 76110FJ79 60,600,000.00 57,679,138.42 6.500000 % 2,483,047.66
A-6 76110FJ87 100,000,000.00 100,000,000.00 6.500000 % 0.00
A-7 76110FJ95 20,000,000.00 20,000,000.00 6.500000 % 0.00
A-8 76110FK28 47,527,000.00 47,458,631.61 6.500000 % 34,468.03
A-P 76110FK36 12,443.31 12,275.71 0.000000 % 132.32
A-V 76110FK44 0.00 0.00 1.024083 % 0.00
R 76110FK51 100.00 0.00 6.500000 % 0.00
M-1 76110FK69 16,301,800.00 16,278,349.58 6.500000 % 11,822.56
M-2 76110FK77 6,113,300.00 6,104,505.92 6.500000 % 4,433.55
M-3 76110FK85 5,349,000.00 5,341,305.38 6.500000 % 3,879.26
B-1 76110FK93 3,056,500.00 3,052,103.18 6.500000 % 2,216.67
B-2 76110FL27 1,528,300.00 1,526,101.52 6.500000 % 1,108.37
B-3 76110FL35 2,037,744.61 2,034,813.28 6.500000 % 1,477.84
- -------------------------------------------------------------------------------
509,426,187.92 503,077,254.45 5,356,418.21
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 889,938.97 3,186,455.58 0.00 0.00 162,035,042.24
A-2 48,809.98 48,809.98 0.00 0.00 9,013,000.00
A-3 140,012.56 140,012.56 0.00 0.00 25,854,000.00
A-4 240,402.39 757,717.73 0.00 0.00 43,874,155.66
A-5 312,361.87 2,795,409.53 0.00 0.00 55,196,090.76
A-6 541,550.86 541,550.86 0.00 0.00 100,000,000.00
A-7 108,310.17 108,310.17 0.00 0.00 20,000,000.00
A-8 257,012.63 291,480.66 0.00 0.00 47,424,163.58
A-P 0.00 132.32 0.00 0.00 12,143.39
A-V 429,235.77 429,235.77 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 88,155.54 99,978.10 0.00 0.00 16,266,527.02
M-2 33,059.00 37,492.55 0.00 0.00 6,100,072.37
M-3 28,925.88 32,805.14 0.00 0.00 5,337,426.12
B-1 16,528.70 18,745.37 0.00 0.00 3,049,886.51
B-2 8,264.61 9,372.98 0.00 0.00 1,524,993.15
B-3 11,019.55 12,497.39 0.00 0.00 2,033,335.44
- -------------------------------------------------------------------------------
3,153,588.48 8,510,006.69 0.00 0.00 497,720,836.24
===============================================================================
Run: 06/28/99 09:02:32
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS3(POOL # 4363)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4363
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 983.826902 13.748880 5.327923 19.076803 0.000000 970.078022
A-2 1000.000000 0.000000 5.415509 5.415509 0.000000 1000.000000
A-3 1000.000000 0.000000 5.415509 5.415509 0.000000 1000.000000
A-4 986.477133 11.495897 5.342275 16.838172 0.000000 974.981237
A-5 951.800964 40.974384 5.154486 46.128870 0.000000 910.826580
A-6 1000.000000 0.000000 5.415509 5.415509 0.000000 1000.000000
A-7 1000.000000 0.000000 5.415509 5.415509 0.000000 1000.000000
A-8 998.561483 0.725231 5.407718 6.132949 0.000000 997.836253
A-P 986.530915 10.633827 0.000000 10.633827 0.000000 975.897089
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 998.561483 0.725230 5.407718 6.132948 0.000000 997.836252
M-2 998.561484 0.725230 5.407718 6.132948 0.000000 997.836254
M-3 998.561484 0.725231 5.407717 6.132948 0.000000 997.836254
B-1 998.561485 0.725231 5.407721 6.132952 0.000000 997.836254
B-2 998.561487 0.725231 5.407714 6.132945 0.000000 997.836256
B-3 998.561483 0.725228 5.407719 6.132947 0.000000 997.836252
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:02:32 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS3 (POOL # 4363)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4363
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 104,246.42
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 17,052.03
SUBSERVICER ADVANCES THIS MONTH 56,638.82
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 53 6,884,718.85
(B) TWO MONTHLY PAYMENTS: 9 941,717.07
(C) THREE OR MORE MONTHLY PAYMENTS: 2 237,843.23
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 497,720,836.24
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,228
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 4,991,041.45
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.17440480 % 5.51105000 % 1.31454550 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.10595910 % 5.56617756 % 1.32772750 %
BANKRUPTCY AMOUNT AVAILABLE 181,971.00
FRAUD AMOUNT AVAILABLE 10,188,524.00
SPECIAL HAZARD AMOUNT AVAILABLE 5,094,262.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.85060857
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 352.39
POOL TRADING FACTOR: 97.70224775
................................................................................
Run: 06/28/99 09:02:33 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS4(POOL # 4364)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4364
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FG98 200,000,000.00 197,802,244.94 6.250000 % 2,308,511.31
A-P 76110FH22 33,549.74 33,077.72 0.000000 % 206.30
A-V 76110FH30 0.00 0.00 0.901741 % 0.00
R 76110FH48 100.00 0.00 6.250000 % 0.00
M-1 76110FH55 5,865,400.00 5,827,813.91 6.250000 % 18,996.14
M-2 76110FH63 942,600.00 936,559.72 6.250000 % 3,052.78
M-3 76110FH71 942,600.00 936,559.72 6.250000 % 3,052.78
B-1 76110FH89 628,400.00 624,373.14 6.250000 % 2,035.19
B-2 76110FH97 523,700.00 520,344.07 6.250000 % 1,696.10
B-3 76110FJ20 523,708.79 520,352.83 6.250000 % 1,696.11
- -------------------------------------------------------------------------------
209,460,058.53 207,201,326.05 2,339,246.71
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,028,803.38 3,337,314.69 0.00 0.00 195,493,733.63
A-P 0.00 206.30 0.00 0.00 32,871.42
A-V 155,487.59 155,487.59 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 30,311.46 49,307.60 0.00 0.00 5,808,817.77
M-2 4,871.21 7,923.99 0.00 0.00 933,506.94
M-3 4,871.21 7,923.99 0.00 0.00 933,506.94
B-1 3,247.47 5,282.66 0.00 0.00 622,337.95
B-2 2,706.40 4,402.50 0.00 0.00 518,647.97
B-3 2,706.44 4,402.55 0.00 0.00 518,656.72
- -------------------------------------------------------------------------------
1,233,005.16 3,572,251.87 0.00 0.00 204,862,079.34
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 989.011225 11.542557 5.144017 16.686574 0.000000 977.468668
A-P 985.930740 6.149079 0.000000 6.149079 0.000000 979.781662
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 993.591897 3.238678 5.167842 8.406520 0.000000 990.353219
M-2 993.591895 3.238680 5.167844 8.406524 0.000000 990.353215
M-3 993.591895 3.238680 5.167844 8.406524 0.000000 990.353215
B-1 993.591884 3.238686 5.167839 8.406525 0.000000 990.353199
B-2 993.591885 3.238686 5.167844 8.406530 0.000000 990.353198
B-3 993.591935 3.238670 5.167834 8.406504 0.000000 990.353284
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:02:33 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS4 (POOL # 4364)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4364
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 42,955.60
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,995.27
SUBSERVICER ADVANCES THIS MONTH 17,663.10
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 19 1,506,140.88
(B) TWO MONTHLY PAYMENTS: 4 304,699.28
(C) THREE OR MORE MONTHLY PAYMENTS: 1 94,850.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 204,862,079.34
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,033
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 1,663,849.47
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.47903530 % 3.71723600 % 0.80372840 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.44231290 % 3.74682893 % 0.81025680 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 4,189,201.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,094,601.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.48027885
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 171.43
POOL TRADING FACTOR: 97.80484202
................................................................................
Run: 06/28/99 09:02:49 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS5(POOL # 4372)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4372
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FL50 166,515,517.00 165,831,124.50 7.250000 % 1,394,613.59
CB-P 76110FL68 12,334,483.00 12,283,787.26 0.000000 % 103,304.71
NB-1 76110FL76 36,987,960.00 36,948,672.22 6.750000 % 1,167,298.87
NB-2 76110FL84 3,534,000.00 3,534,000.00 6.750000 % 0.00
NB-3 76110FL92 9,618,710.00 9,618,710.00 6.750000 % 0.00
NB-4 76110FM26 21,500,000.00 21,453,510.48 6.750000 % 1,377,766.39
NB-5 76110FM34 24,546,330.00 24,546,330.00 6.750000 % 0.00
A-P 76110FM42 248,854.76 248,502.79 0.000000 % 284.41
A-V 76110FM59 0.00 0.00 0.813946 % 0.00
R 76110FM67 100.00 0.00 6.750000 % 0.00
M-1 76110FM75 9,620,300.00 9,613,573.11 6.750000 % 6,755.90
M-2 76110FM83 3,848,100.00 3,845,409.26 6.750000 % 2,702.35
M-3 76110FM91 3,256,100.00 3,253,823.21 6.750000 % 2,286.61
B-1 76110FN25 1,924,100.00 1,922,754.59 6.750000 % 1,351.21
B-2 76110FN33 888,100.00 887,479.01 6.750000 % 623.67
B-3 76110FN41 1,183,701.20 1,182,873.30 6.750000 % 831.26
- -------------------------------------------------------------------------------
296,006,355.96 295,170,549.73 4,057,818.97
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,001,684.24 2,396,297.83 0.00 0.00 164,436,510.91
CB-P 0.00 103,304.71 0.00 0.00 12,180,482.55
NB-1 207,816.98 1,375,115.85 0.00 0.00 35,781,373.35
NB-2 19,876.90 19,876.90 0.00 0.00 3,534,000.00
NB-3 54,100.22 54,100.22 0.00 0.00 9,618,710.00
NB-4 120,664.80 1,498,431.19 0.00 0.00 20,075,744.09
NB-5 138,060.29 138,060.29 0.00 0.00 24,546,330.00
A-P 0.00 284.41 0.00 0.00 248,218.38
A-V 200,176.75 200,176.75 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 54,065.96 60,821.86 0.00 0.00 9,606,817.21
M-2 21,626.27 24,328.62 0.00 0.00 3,842,706.91
M-3 18,299.24 20,585.85 0.00 0.00 3,251,536.60
B-1 10,813.41 12,164.62 0.00 0.00 1,921,403.38
B-2 4,991.11 5,614.78 0.00 0.00 886,855.34
B-3 6,652.38 7,483.64 0.00 0.00 1,182,042.21
- -------------------------------------------------------------------------------
1,858,828.55 5,916,647.52 0.00 0.00 291,112,730.93
===============================================================================
Run: 06/28/99 09:02:49
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS5(POOL # 4372)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4372
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 995.889918 8.375277 6.015561 14.390838 0.000000 987.514641
CB-P 995.889918 8.375277 0.000000 8.375277 0.000000 987.514641
NB-1 998.937822 31.558888 5.618503 37.177391 0.000000 967.378935
NB-2 1000.000000 0.000000 5.624477 5.624477 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624478 5.624478 0.000000 1000.000000
NB-4 997.837697 64.082158 5.612316 69.694474 0.000000 933.755539
NB-5 1000.000000 0.000000 5.624478 5.624478 0.000000 1000.000000
A-P 998.585641 1.142883 0.000000 1.142883 0.000000 997.442758
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 999.300761 0.702255 5.619987 6.322242 0.000000 998.598506
M-2 999.300761 0.702256 5.619986 6.322242 0.000000 998.598506
M-3 999.300762 0.702254 5.619987 6.322241 0.000000 998.598507
B-1 999.300759 0.702256 5.619983 6.322239 0.000000 998.598503
B-2 999.300766 0.702252 5.619986 6.322238 0.000000 998.598514
B-3 999.300584 0.702255 5.619982 6.322237 0.000000 998.598474
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:02:49 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS5 (POOL # 4372)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4372
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 61,105.35
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,288.41
SUBSERVICER ADVANCES THIS MONTH 60,658.02
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 61 7,802,549.20
(B) TWO MONTHLY PAYMENTS: 2 762,508.87
(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 291,112,730.93
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,089
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 3,850,327.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.97919140 % 5.66208400 % 1.35281350 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.88625430 % 5.73697367 % 1.37187620 %
BANKRUPTCY AMOUNT AVAILABLE 150,000.00
FRAUD AMOUNT AVAILABLE 5,920,127.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,960,064.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.88039400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.18
POOL TRADING FACTOR: 98.34678380
................................................................................
Run: 06/28/99 09:02:49 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS6(POOL # 4376)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4376
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FN58 226,382,557.00 226,382,557.00 7.000000 % 975,146.55
CB-P 76110FN66 17,414,043.00 17,414,043.00 0.000000 % 75,011.27
NB-1 76110FN74 114,280,000.00 114,280,000.00 6.500000 % 1,975,533.55
NB-2 76110FN82 3,836,000.00 3,836,000.00 6.500000 % 0.00
NB-3 76110FN90 13,124,100.00 13,124,100.00 6.500000 % 0.00
A-P 76110FP23 47,335.68 47,335.68 0.000000 % 45.14
A-V 76110FP31 0.00 0.00 1.019399 % 0.00
R 76110FP49 100.00 100.00 6.500000 % 100.00
M-1 76110FP56 12,871,500.00 12,871,500.00 6.500000 % 9,096.49
M-2 76110FP64 4,826,800.00 4,826,800.00 6.500000 % 3,411.18
M-3 76110FP72 4,223,400.00 4,223,400.00 6.500000 % 2,984.74
B-1 76110FP80 2,413,400.00 2,413,400.00 6.500000 % 1,705.59
B-2 76110FP98 1,206,800.00 1,206,800.00 6.500000 % 852.86
B-3 76110FQ22 1,608,966.42 1,608,966.42 6.500000 % 1,137.34
- -------------------------------------------------------------------------------
402,235,002.10 402,235,002.10 3,045,024.71
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,320,095.75 2,295,242.30 0.00 0.00 225,407,410.45
CB-P 0.00 75,011.27 0.00 0.00 17,339,031.73
NB-1 618,997.07 2,594,530.62 0.00 0.00 112,304,466.45
NB-2 20,777.67 20,777.67 0.00 0.00 3,836,000.00
NB-3 71,086.63 71,086.63 0.00 0.00 13,124,100.00
A-P 0.00 45.14 0.00 0.00 47,290.54
A-V 341,615.49 341,615.49 0.00 0.00 0.00
R 0.54 100.54 0.00 0.00 0.00
M-1 69,700.94 78,797.43 0.00 0.00 12,862,403.51
M-2 26,137.78 29,548.96 0.00 0.00 4,823,388.82
M-3 22,870.29 25,855.03 0.00 0.00 4,220,415.26
B-1 13,068.89 14,774.48 0.00 0.00 2,411,694.41
B-2 6,534.98 7,387.84 0.00 0.00 1,205,947.14
B-3 8,712.77 9,850.11 0.00 0.00 1,607,829.08
- -------------------------------------------------------------------------------
2,519,598.80 5,564,623.51 0.00 0.00 399,189,977.39
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 1000.000000 4.307516 5.831261 10.138777 0.000000 995.692484
CB-P 1000.000000 4.307516 0.000000 4.307516 0.000000 995.692484
NB-1 1000.000000 17.286783 5.416495 22.703278 0.000000 982.713217
NB-2 1000.000000 0.000000 5.416494 5.416494 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.416496 5.416496 0.000000 1000.000000
A-P 1000.000000 0.953550 0.000000 0.953550 0.000000 999.046450
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 0.706716 5.415137 6.121853 0.000000 999.293284
M-2 1000.000000 0.706717 5.415136 6.121853 0.000000 999.293283
M-3 1000.000000 0.706715 5.415137 6.121852 0.000000 999.293285
B-1 1000.000000 0.706717 5.415136 6.121853 0.000000 999.293283
B-2 1000.000000 0.706712 5.415131 6.121843 0.000000 999.293288
B-3 1000.000000 0.706715 5.415135 6.121850 0.000000 999.293122
_______________________________________________________________________________
DETERMINATION DATE 21-June-99
DISTRIBUTION DATE 25-June-99
Run: 06/28/99 09:02:50 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS6 (POOL # 4376)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4376
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 83,542.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 19,779.71
SUBSERVICER ADVANCES THIS MONTH 29,390.08
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 3,996,065.97
(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 399,189,977.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,756
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 2,760,750.18
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.24920460 % 5.45061500 % 1.30018070 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.20251150 % 5.48766473 % 1.30917360 %
BANKRUPTCY AMOUNT AVAILABLE 150,055.00
FRAUD AMOUNT AVAILABLE 8,044,700.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,022,350.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.84618600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 356.48
POOL TRADING FACTOR: 99.24297371
................................................................................
