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)
July 25, 1999
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in it's charter)
33-95932, 333-8733, 333-33493
333-48327, 333-63549 51-0368240
333-72661
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the July, 1999 distribution to holders of the following series of Conduit
Mortgage Pass-Through Certificates.
Master Serviced by Residential Funding Corporation
<PAGE>
1995-QS1 RALI
1996-QS1 RALI
1996-QS2 RALI
1996-QS3 RALI
1996-QS4 RALI
1996-QS5 RALI
1996-QS6 RALI
1996-QS7 RALI
1996-QS8 RALI
1997-QPCR1 RALI
1997-QPCR2 RALI
1997-QPCR3 RALI
1997-QS1 RALI
1997-QS10 RALI
1997-QS11 RALI
1997-QS12 RALI
1997-QS13 RALI
1997-QS2 RALI
1997-QS3 RALI
1997-QS4 RALI
1997-QS5 RALI
1997-QS6 RALI
1997-QS7 RALI
1997-QS8 RALI
1997-QS9 RALI
1998-QS1 RALI
1998-QS10 RALI
1998-QS11 RALI
1998-QS12 RALI
1998-QS13 RALI
1998-QS14 RALI
1998-QS15 RALI
1998-QS16 RALI
1998-QS17 RALI
1998-QS2 RALI
1998-QS3 RALI
1998-QS4 RALI
1998-QS5 RALI
1998-QS6 RALI
1998-QS7 RALI
1998-QS8 RALI
1998-QS9 RALI
1999-QS1 RALI
1999-QS2 RALI
1999-QS3 RALI
<PAGE>
1999-QS4 RALI
1999-QS5 RALI
1999-QS6 RALI
1999-QS7 RALI
1999-QS8 RALI
Item 7. Financial Statements and Exhibits
(a) Not applicable (b) Not applicable (c) See Item 5.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: July 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: July 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 34,601,170.85 7.500000 % 2,301,339.43
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 1,657,222.29 0.000000 % 0.00
- -------------------------------------------------------------------------------
258,459,514.42 89,467,393.14 2,301,339.43
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 216,257.32 2,517,596.75 0.00 0.00 32,299,831.42
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 1,583,784.69
- -------------------------------------------------------------------------------
548,813.57 2,850,153.00 0.00 0.00 87,092,616.11
===============================================================================
_______________________________________________________________________________
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-4 752.199366 50.029118 4.701246 54.730364 0.000000 702.170248
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
R ****.****** 0.000000 0.000000 0.000000 0.000000 ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:29:26 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 18,077.77
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 528.25
SUBSERVICER ADVANCES THIS MONTH 57,115.05
MASTER SERVICER ADVANCES THIS MONTH 10,633.29
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 46 3,658,917.19
(B) TWO MONTHLY PAYMENTS: 7 572,588.65
(C) THREE OR MORE MONTHLY PAYMENTS: 6 579,154.70
FORECLOSURES
NUMBER OF LOANS 12
AGGREGATE PRINCIPAL BALANCE 1,628,655.98
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 87,092,616.11
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,095
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 1,281,270.80
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,957,017.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.14768010 % 1.85231990 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.18149370 % 1.81850630 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.33292591
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 278.02
POOL TRADING FACTOR: 33.69681178
................................................................................
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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 23,606,562.90 6.900000 % 2,485,989.79
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 8,196,998.69 5.465000 % 215,617.60
R 0.53 1,556,032.66 0.000000 % 27,895.09
- -------------------------------------------------------------------------------
255,942,104.53 86,311,730.25 2,729,502.48
===============================================================================
_______________________________________________________________________________
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-4 135,737.74 2,621,727.53 0.00 0.00 21,120,573.11
A-I-5 85,393.13 85,393.13 0.00 0.00 14,535,000.00
A-I-6 111,270.20 111,270.20 0.00 0.00 18,417,136.00
A-I-7 111,666.67 111,666.67 0.00 0.00 20,000,000.00
A-II 37,330.50 252,948.10 0.00 0.00 7,981,381.09
R 94,595.08 122,490.17 0.00 0.00 1,528,137.57
- -------------------------------------------------------------------------------
575,993.32 3,305,495.80 0.00 0.00 83,582,227.77
===============================================================================
_______________________________________________________________________________
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-4 741.132830 78.048154 4.261514 82.309668 0.000000 663.084676
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 279.047068 7.340182 1.270827 8.611009 0.000000 271.706886
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
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Page: 2 of 2
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 18,392.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 57,463.08
MASTER SERVICER ADVANCES THIS MONTH 2,461.31
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 3,291,760.32
(B) TWO MONTHLY PAYMENTS: 9 1,384,096.45
(C) THREE OR MORE MONTHLY PAYMENTS: 7 602,281.14
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 1,753,088.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 83,582,227.77
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 867
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 301,223.99
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,424,804.11
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 199,677.82
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.19719450 % 1.80280560 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.17169560 % 1.82830440 %
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 8.93334100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 289.88
POOL TRADING FACTOR: 32.65669317
................................................................................
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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 11,435,823.55 7.350000 % 2,077,000.73
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 178,007.00 102,301.34 0.000000 % 8,771.13
R 0.00 1,819,114.18 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 81,590,650.07 2,085,771.86
===============================================================================
_______________________________________________________________________________
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 70,044.42 2,147,045.15 0.00 0.00 9,358,822.82
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 8,771.13 0.00 0.00 93,530.21
R 37,552.32 37,552.32 0.00 0.00 1,819,114.18
- -------------------------------------------------------------------------------
528,222.22 2,613,994.08 0.00 0.00 79,504,878.21
===============================================================================
_______________________________________________________________________________
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-5 816.844539 148.357195 5.003173 153.360368 0.000000 668.487344
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-10 574.704028 49.274073 0.000000 49.274073 0.000000 525.429955
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
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RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1996-QS2 (POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4201
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 16,739.75
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 56,612.92
MASTER SERVICER ADVANCES THIS MONTH 2,930.17
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 3,681,530.31
(B) TWO MONTHLY PAYMENTS: 13 1,183,311.98
(C) THREE OR MORE MONTHLY PAYMENTS: 4 585,876.76
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,635,208.94
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 79,504,878.21
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 864
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 365,487.52
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,958,314.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 97.77043790 % 2.22956210 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 97.71194650 % 2.28805350 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81955315
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 294.57
POOL TRADING FACTOR: 43.70527100
................................................................................
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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 3,544,379.94 7.750000 % 2,842,135.05
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 8,992,416.29 7.750000 % 361,897.17
A-P 76110FBQ5 1,166,695.86 764,507.18 0.000000 % 4,134.78
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 12,064,104.05 7.750000 % 13,664.63
M-2 76110FBU6 5,568,000.00 5,361,610.01 7.750000 % 6,072.93
M-3 76110FBV4 4,176,000.00 4,021,207.51 7.750000 % 4,554.69
B-1 1,809,600.00 1,742,523.23 7.750000 % 1,973.70
B-2 696,000.00 670,201.24 7.750000 % 759.12
B-3 1,670,738.96 1,442,112.02 7.750000 % 1,633.43
A-V 76110FHY2 0.00 0.00 0.687614 % 0.00
STRIP 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 124,106,623.47 3,236,825.50
===============================================================================
_______________________________________________________________________________
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 22,842.42 2,864,977.47 0.00 0.00 702,244.89
A-I-7 51,860.39 51,860.39 0.00 0.00 8,047,000.00
A-I-8 112,369.55 112,369.55 0.00 0.00 17,436,000.00
A-I-9 162,051.63 162,051.63 0.00 0.00 25,145,000.00
A-I-10 122,449.03 122,449.03 0.00 0.00 19,000,000.00
A-I-11 102,313.01 102,313.01 0.00 0.00 15,875,562.00
A-II 57,953.30 419,850.47 0.00 0.00 8,630,519.12
A-P 0.00 4,134.78 0.00 0.00 760,372.40
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 77,749.37 91,414.00 0.00 0.00 12,050,439.42
M-2 34,553.89 40,626.82 0.00 0.00 5,355,537.08
M-3 25,915.42 30,470.11 0.00 0.00 4,016,652.82
B-1 11,230.02 13,203.72 0.00 0.00 1,740,549.53
B-2 4,319.23 5,078.35 0.00 0.00 669,442.12
B-3 9,293.96 10,927.39 0.00 0.00 1,440,478.58
A-V 70,964.27 70,964.27 0.00 0.00 0.00
STRIP 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
865,865.49 4,102,690.99 0.00 0.00 120,869,797.96
===============================================================================
Run: 07/28/99 12:41:34
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-6 163.365595 130.998113 1.052840 132.050953 0.000000 32.367482
A-I-7 1000.000000 0.000000 6.444686 6.444686 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.444686 6.444686 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.444686 6.444686 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.444686 6.444686 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.444686 6.444686 0.000000 1000.000000
A-II 437.556549 17.609336 2.819915 20.429251 0.000000 419.947213
A-P 655.275472 3.544011 0.000000 3.544011 0.000000 651.731461
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 962.932837 1.090684 6.205800 7.296484 0.000000 961.842154
M-2 962.932832 1.090684 6.205799 7.296483 0.000000 961.842148
M-3 962.932833 1.090682 6.205800 7.296482 0.000000 961.842150
B-1 962.932819 1.090683 6.205802 7.296485 0.000000 961.842136
B-2 962.932816 1.090690 6.205790 7.296480 0.000000 961.842126
B-3 863.158192 0.977669 5.562784 6.540453 0.000000 862.180519
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:34 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 25,435.58
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 43,108.23
MASTER SERVICER ADVANCES THIS MONTH 6,097.46
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 3,477,012.73
(B) TWO MONTHLY PAYMENTS: 6 687,462.39
(C) THREE OR MORE MONTHLY PAYMENTS: 2 253,871.41
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 911,131.62
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 120,869,797.96
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,293
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 8
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 754,355.34
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,090,213.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 79.48652190 % 17.28104500 % 3.10606830 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 78.95827120 % 17.72372394 % 3.20580190 %
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 8.71970000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 295.36
POOL TRADING FACTOR: 43.41513733
................................................................................
Run: 07/28/99 12:41:34 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 15,131,465.75 8.000000 % 4,442,905.58
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 2,207,548.65 7.250000 % 240,934.74
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 1,844,605.73 0.000000 % 23,266.87
A-V-1 0.00 0.00 0.939257 % 0.00
A-V-2 0.00 0.00 0.357467 % 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 12,728,354.13 8.000000 % 42,847.54
M-2 76110FCN1 5,570,800.00 5,359,367.75 8.000000 % 18,041.27
M-3 76110FCP6 4,456,600.00 4,287,455.73 8.000000 % 14,432.89
B-1 76110FCR2 2,228,400.00 2,143,824.08 8.000000 % 7,216.77
B-2 76110FCS0 696,400.00 671,299.81 8.000000 % 2,259.80
B-3 76110FCT8 1,671,255.97 851,198.06 8.000000 % 2,865.39
STRIP 0.00 0.00 0.193408 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 118,767,119.69 4,794,770.85
===============================================================================
_______________________________________________________________________________
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-6 100,678.33 4,543,583.91 0.00 0.00 10,688,560.17
A-I-7 120,070.40 120,070.40 0.00 0.00 18,046,000.00
A-I-8 60,507.61 60,507.61 0.00 0.00 9,094,000.00
A-I-9 68,425.35 68,425.35 0.00 0.00 10,284,000.00
A-I-10 180,935.79 180,935.79 0.00 0.00 27,538,000.00
A-II-1 13,311.08 254,245.82 0.00 0.00 1,966,613.91
A-II-2 54,590.08 54,590.08 0.00 0.00 8,580,000.00
A-P 0.00 23,266.87 0.00 0.00 1,821,338.86
A-V-1 63,340.99 63,340.99 0.00 0.00 0.00
A-V-2 11,203.33 11,203.33 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 84,689.04 127,536.58 0.00 0.00 12,685,506.59
M-2 35,658.95 53,700.22 0.00 0.00 5,341,326.48
M-3 28,526.91 42,959.80 0.00 0.00 4,273,022.84
B-1 14,264.09 21,480.86 0.00 0.00 2,136,607.31
B-2 4,466.54 6,726.34 0.00 0.00 669,040.01
B-3 5,663.51 8,528.90 0.00 0.00 827,765.26
STRIP 6,164.92 6,164.92 0.00 0.00 0.00
- -------------------------------------------------------------------------------
852,496.92 5,647,267.77 0.00 0.00 113,951,781.43
===============================================================================
Run: 07/28/99 12:41:34
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-6 564.375284 165.712043 3.755113 169.467156 0.000000 398.663242
A-I-7 1000.000000 0.000000 6.653574 6.653574 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.653575 6.653575 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.653574 6.653574 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.570404 6.570404 0.000000 1000.000000
A-II-1 137.790940 15.038683 0.830852 15.869535 0.000000 122.752257
A-II-2 1000.000000 0.000000 6.362480 6.362480 0.000000 1000.000000
A-P 606.850466 7.654489 0.000000 7.654489 0.000000 599.195977
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-1 962.046342 3.238543 6.401046 9.639589 0.000000 958.807799
M-2 962.046340 3.238542 6.401047 9.639589 0.000000 958.807798
M-3 962.046343 3.238543 6.401048 9.639591 0.000000 958.807800
B-1 962.046347 3.238543 6.401046 9.639589 0.000000 958.807804
B-2 963.957223 3.244974 6.413756 9.658730 0.000000 960.712249
B-3 509.316392 1.714513 3.388775 5.103288 0.000000 495.295322
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:34 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4216
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 24,316.46
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 52,828.21
MASTER SERVICER ADVANCES THIS MONTH 3,160.40
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 4,421,515.96
(B) TWO MONTHLY PAYMENTS: 6 505,616.30
(C) THREE OR MORE MONTHLY PAYMENTS: 5 400,864.45
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 984,667.86
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 113,951,781.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,330
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 388,658.27
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,339,963.63
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 77.72755760 % 18.83953900 % 3.08698400 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 76.87223210 % 19.56955445 % 3.24034450 %
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 8.94522600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 286.34
POOL TRADING FACTOR: 40.91100099
................................................................................
Run: 07/28/99 12:29:47 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 50,538,068.73 5.452500 % 1,091,188.06
R 973,833.13 2,627,274.70 0.000000 % 75,338.22
- -------------------------------------------------------------------------------
139,119,013.13 53,165,343.43 1,166,526.28
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 237,159.02 1,328,347.08 0.00 0.00 49,446,880.67
R 64,713.78 140,052.00 0.00 0.00 2,551,936.48
- -------------------------------------------------------------------------------
301,872.80 1,468,399.08 0.00 0.00 51,998,817.15
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 365.833022 7.898850 1.716738 9.615588 0.000000 357.934172
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:29:47 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 16,214.63
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 173.24
SUBSERVICER ADVANCES THIS MONTH 14,720.38
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 10 899,214.09
(B) TWO MONTHLY PAYMENTS: 6 632,548.11
(C) THREE OR MORE MONTHLY PAYMENTS: 2 354,666.67
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 87,033.55
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 51,998,817.15
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 652
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 1,048,084.01
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 95.05829450 % 4.94170550 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 95.09231820 % 4.90768180 %
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 7.35139430
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 250.45
POOL TRADING FACTOR: 37.37721824
................................................................................
Run: 07/28/99 12:41:35 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-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 9,012,588.88 8.000000 % 1,434,197.13
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 2,173,842.48 8.000000 % 162,840.69
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 728,067.33 0.000000 % 1,273.98
A-V-1 796QS5AV1 0.00 0.00 1.023980 % 0.00
A-V-2 796QS5AV2 0.00 0.00 0.400107 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,452,259.06 8.000000 % 8,821.10
M-2 76110FDK6 3,958,800.00 3,730,063.79 8.000000 % 4,415.21
M-3 76110FDL4 2,815,100.00 2,655,674.02 8.000000 % 3,143.47
B-1 76110FDM2 1,407,600.00 1,340,718.52 8.000000 % 1,586.98
B-2 76110FDN0 439,800.00 423,425.00 8.000000 % 501.20
B-3 76110FDP5 1,055,748.52 688,286.32 8.000000 % 814.71
- -------------------------------------------------------------------------------
175,944,527.21 73,343,925.40 1,617,594.47
===============================================================================
_______________________________________________________________________________
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 60,069.15 1,494,266.28 0.00 0.00 7,578,391.75
A-I-8 45,882.04 45,882.04 0.00 0.00 6,884,000.00
A-I-9 74,841.58 74,841.58 0.00 0.00 11,229,000.00
A-I-10 149,969.77 149,969.77 0.00 0.00 22,501,000.00
A-II-1 14,488.71 177,329.40 0.00 0.00 2,011,001.79
A-II-2 30,159.25 30,159.25 0.00 0.00 4,525,000.00
A-P 0.00 1,273.98 0.00 0.00 726,793.35
A-V-1 45,233.46 45,233.46 0.00 0.00 0.00
A-V-2 6,774.11 6,774.11 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 49,669.51 58,490.61 0.00 0.00 7,443,437.96
M-2 24,860.97 29,276.18 0.00 0.00 3,725,648.58
M-3 17,700.13 20,843.60 0.00 0.00 2,652,530.55
B-1 8,935.92 10,522.90 0.00 0.00 1,339,131.54
B-2 2,822.14 3,323.34 0.00 0.00 422,923.80
B-3 4,587.45 5,402.16 0.00 0.00 687,471.59
- -------------------------------------------------------------------------------
535,994.19 2,153,588.66 0.00 0.00 71,726,330.91
===============================================================================
Run: 07/28/99 12:41:35
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-7 532.470098 84.733376 3.548928 88.282304 0.000000 447.736722
A-I-8 1000.000000 0.000000 6.665026 6.665026 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.665026 6.665026 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.665027 6.665027 0.000000 1000.000000
A-II-1 194.753851 14.588845 1.298039 15.886884 0.000000 180.165005
A-II-2 1000.000000 0.000000 6.665028 6.665028 0.000000 1000.000000
A-P 658.360936 1.152011 0.000000 1.152011 0.000000 657.208925
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-1 941.120043 1.113986 6.272591 7.386577 0.000000 940.006057
M-2 942.220822 1.115290 6.279926 7.395216 0.000000 941.105532
M-3 943.367561 1.116646 6.287567 7.404213 0.000000 942.250915
B-1 952.485450 1.127437 6.348338 7.475775 0.000000 951.358014
B-2 962.767167 1.139609 6.416871 7.556480 0.000000 961.627558
B-3 651.941544 0.771689 4.345211 5.116900 0.000000 651.169840
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:35 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 15,101.14
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 45,550.17
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 3,709,999.44
(B) TWO MONTHLY PAYMENTS: 2 185,912.48
(C) THREE OR MORE MONTHLY PAYMENTS: 6 535,078.18
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 802,043.37
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 71,726,330.91
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 830
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 1,526,306.69
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 77.56629590 % 18.86727100 % 3.34373960 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 77.08274650 % 19.26993465 % 3.45006040 %
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 9.09416500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 291.61
POOL TRADING FACTOR: 40.76644613
................................................................................
Run: 07/28/99 12:41:35 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-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 16,870,110.79 8.000000 % 2,787,940.66
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 9,533,605.56 8.000000 % 157,223.26
A-P 76110FED1 601,147.92 330,102.93 0.000000 % 10,754.34
A-V-1 796QS7AV1 0.00 0.00 0.894790 % 0.00
A-V-2 796QS7AV2 0.00 0.00 0.500073 % 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 8,709,676.13 8.000000 % 11,386.25
M-2 76110FEH2 5,126,400.00 4,898,655.31 8.000000 % 6,404.06
M-3 76110FEJ8 3,645,500.00 3,483,545.55 8.000000 % 4,554.08
B-1 1,822,700.00 1,741,725.01 8.000000 % 2,276.98
B-2 569,600.00 544,295.06 8.000000 % 711.56
B-3 1,366,716.75 1,070,148.45 8.000000 % 1,398.90
- -------------------------------------------------------------------------------
227,839,864.67 97,871,864.79 2,982,650.09
===============================================================================
_______________________________________________________________________________
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-9 112,115.63 2,900,056.29 0.00 0.00 14,082,170.13
A-I-10 77,423.74 77,423.74 0.00 0.00 11,650,000.00
A-I-11 202,172.33 202,172.33 0.00 0.00 30,421,000.00
A-I-12 57,280.28 57,280.28 0.00 0.00 8,619,000.00
A-II 63,358.57 220,581.83 0.00 0.00 9,376,382.30
A-P 0.00 10,754.34 0.00 0.00 319,348.59
A-V-1 56,339.20 56,339.20 0.00 0.00 0.00
A-V-2 9,171.92 9,171.92 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 57,882.90 69,269.15 0.00 0.00 8,698,289.88
M-2 32,555.55 38,959.61 0.00 0.00 4,892,251.25
M-3 23,151.00 27,705.08 0.00 0.00 3,478,991.47
B-1 11,575.18 13,852.16 0.00 0.00 1,739,448.03
B-2 3,617.28 4,328.84 0.00 0.00 543,583.50
B-3 7,112.01 8,510.91 0.00 0.00 1,021,010.05
- -------------------------------------------------------------------------------
713,755.59 3,696,405.68 0.00 0.00 94,841,475.20
===============================================================================
Run: 07/28/99 12:41:35
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-9 748.917286 123.765456 4.977165 128.742621 0.000000 625.151830
A-I-10 1000.000000 0.000000 6.645815 6.645815 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.645815 6.645815 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.645815 6.645815 0.000000 1000.000000
A-II 474.214363 7.820496 3.151540 10.972036 0.000000 466.393867
A-P 549.120972 17.889674 0.000000 17.889674 0.000000 531.231298
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-1 955.574148 1.249232 6.350569 7.599801 0.000000 954.324916
M-2 955.574148 1.249231 6.350568 7.599799 0.000000 954.324916
M-3 955.574146 1.249233 6.350569 7.599802 0.000000 954.324913
B-1 955.574154 1.249235 6.350568 7.599803 0.000000 954.324919
B-2 955.574192 1.249228 6.350562 7.599790 0.000000 954.324965
B-3 783.006757 1.023548 5.203719 6.227267 0.000000 747.053148
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:36 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4228
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 19,971.18
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,040.65
SUBSERVICER ADVANCES THIS MONTH 57,671.64
MASTER SERVICER ADVANCES THIS MONTH 2,104.05
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 3,532,870.41
(B) TWO MONTHLY PAYMENTS: 5 1,668,623.98
(C) THREE OR MORE MONTHLY PAYMENTS: 4 779,786.71
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 778,103.06
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 94,841,475.20
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,064
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 257,795.31
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,860,299.73
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 79.03662480 % 17.46352400 % 3.42914540 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 78.44570910 % 17.99796193 % 3.49552180 %
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 9.10568000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 293.86
POOL TRADING FACTOR: 41.62637444
................................................................................
Run: 07/28/99 12:29:49 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 4,000,000.00 396,535.88 7.400000 % 97,119.65
A-2 76110FEL3 4,074,824.00 0.00 7.300000 % 0.00
A-3 76110FEM1 13,128,206.00 75,590.12 7.050000 % 75,590.12
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 856,690.60
A-5 76110FEP4 10,500,000.00 0.00 7.400000 % 0.00
A-6 76110FEQ2 2,600,500.00 1,619,303.99 7.400000 % 396,600.24
A-7 76110FER0 31,579,563.00 5,236,334.11 5.640000 % 664,251.00
A-8 76110FES8 0.00 0.00 3.360000 % 0.00
A-9 76110FET6 32,965,000.00 0.00 0.000000 % 0.00
A-10 76110FEU3 20,953,719.00 11,693,265.23 7.400000 % 625,966.56
A-11 76110FEV1 13,975,000.00 13,975,000.00 7.750000 % 0.00
A-12 76110FEW9 2,000,000.00 2,000,000.00 7.750000 % 0.00
A-13 76110FEX7 20,646,958.00 20,646,958.00 7.750000 % 0.00
A-14 76110FEY5 115,824.70 67,884.36 0.000000 % 111.21
A-15-1 96QS8A151 0.00 0.00 1.006294 % 0.00
A-15-2 96QS8A152 0.00 0.00 0.558402 % 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 6,386,238.05 7.750000 % 15,001.67
M-2 76110FFC2 4,440,700.00 4,257,524.01 7.750000 % 10,001.19
M-3 76110FFD0 3,108,500.00 2,980,276.40 7.750000 % 7,000.86
B-1 1,509,500.00 1,447,234.10 7.750000 % 3,399.64
B-2 444,000.00 425,685.29 7.750000 % 999.96
B-3 1,154,562.90 930,997.71 7.750000 % 2,186.98
- -------------------------------------------------------------------------------
177,623,205.60 75,903,975.25 2,754,919.68
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 2,430.38 99,550.03 0.00 0.00 299,416.23
A-2 0.00 0.00 0.00 0.00 0.00
A-3 441.38 76,031.50 0.00 0.00 0.00
A-4 22,764.86 879,455.46 0.00 0.00 2,908,457.40
A-5 0.00 0.00 0.00 0.00 0.00
A-6 9,924.77 406,525.01 0.00 0.00 1,222,703.75
A-7 24,460.57 688,711.57 0.00 0.00 4,572,083.11
A-8 14,572.26 14,572.26 0.00 0.00 0.00
A-9 0.00 0.00 0.00 0.00 0.00
A-10 71,668.38 697,634.94 0.00 0.00 11,067,298.67
A-11 89,704.36 89,704.36 0.00 0.00 13,975,000.00
A-12 12,837.84 12,837.84 0.00 0.00 2,000,000.00
A-13 132,531.11 132,531.11 0.00 0.00 20,646,958.00
A-14 0.00 111.21 0.00 0.00 67,773.15
A-15-1 51,006.74 51,006.74 0.00 0.00 0.00
A-15-2 6,801.09 6,801.09 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 40,992.73 55,994.40 0.00 0.00 6,371,236.38
M-2 27,328.69 37,329.88 0.00 0.00 4,247,522.82
M-3 19,130.15 26,131.01 0.00 0.00 2,973,275.54
B-1 9,289.68 12,689.32 0.00 0.00 1,443,834.46
B-2 2,732.44 3,732.40 0.00 0.00 424,685.33
B-3 5,975.99 8,162.97 0.00 0.00 928,810.73
- -------------------------------------------------------------------------------
544,593.42 3,299,513.10 0.00 0.00 73,149,055.57
===============================================================================
Run: 07/28/99 12:29:49
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 99.133970 24.279913 0.607595 24.887508 0.000000 74.854057
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 5.757841 5.757841 0.033621 5.791462 0.000000 0.000000
A-4 1000.000000 227.531720 6.046206 233.577926 0.000000 772.468280
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 622.689479 152.509227 3.816485 156.325712 0.000000 470.180252
A-7 165.814014 21.034205 0.774570 21.808775 0.000000 144.779809
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-10 558.052021 29.873769 3.420318 33.294087 0.000000 528.178252
A-11 1000.000000 0.000000 6.418917 6.418917 0.000000 1000.000000
A-12 1000.000000 0.000000 6.418920 6.418920 0.000000 1000.000000
A-13 1000.000000 0.000000 6.418917 6.418917 0.000000 1000.000000
A-14 586.095712 0.960158 0.000000 0.960158 0.000000 585.135554
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-1 958.750646 2.252165 6.154141 8.406306 0.000000 956.498481
M-2 958.750650 2.252165 6.154140 8.406305 0.000000 956.498485
M-3 958.750651 2.252167 6.154142 8.406309 0.000000 956.498485
B-1 958.750646 2.252163 6.154144 8.406307 0.000000 956.498483
B-2 958.750653 2.252162 6.154144 8.406306 0.000000 956.498491
B-3 806.363785 1.894197 5.175976 7.070173 0.000000 804.469579
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:29:49 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 15,492.16
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,796.76
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 2,892,256.16
(B) TWO MONTHLY PAYMENTS: 4 387,759.91
(C) THREE OR MORE MONTHLY PAYMENTS: 3 204,444.60
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,053,143.12
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 73,149,055.56
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 823
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 2,576,672.04
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 78.33754960 % 17.96511200 % 3.69733870 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 77.57378540 % 18.58128534 % 3.82769760 %
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 8.98707100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 315.24
POOL TRADING FACTOR: 41.18215033
................................................................................
Run: 07/28/99 12:29:53 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 1,081,457.99 6.750000 % 779,206.66
A-6 76110FFK4 31,511,646.00 9,779,412.48 11.000000 % 876,607.44
A-7 76110FFL2 17,652,000.00 9,564,448.88 6.750000 % 3,311,628.21
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 212,947.62 129,289.77 0.000000 % 156.73
A-13-1 0.00 0.00 1.016982 % 0.00
A-13-2 0.00 0.00 0.650804 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,166,123.15 7.500000 % 7,242.45
M-2 76110FFW8 6,251,000.00 6,110,422.93 7.500000 % 4,828.04
M-3 76110FFW8 4,375,700.00 4,277,296.05 7.500000 % 3,379.63
B-1 1,624,900.00 1,588,358.05 7.500000 % 1,255.01
B-2 624,800.00 610,749.05 7.500000 % 482.57
B-3 1,500,282.64 1,358,904.79 7.500000 % 1,073.74
- -------------------------------------------------------------------------------
250,038,730.26 126,163,817.14 4,985,860.48
===============================================================================
_______________________________________________________________________________
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 6,064.91 785,271.57 0.00 0.00 302,251.33
A-6 89,375.13 965,982.57 0.00 0.00 8,902,805.04
A-7 53,638.29 3,365,266.50 0.00 0.00 6,252,820.67
A-8 31,717.06 31,717.06 0.00 0.00 5,655,589.00
A-9 106,935.08 106,935.08 0.00 0.00 19,068,000.00
A-10 57,582.56 57,582.56 0.00 0.00 10,267,765.00
A-11 296,019.96 296,019.96 0.00 0.00 47,506,000.00
A-12 0.00 156.73 0.00 0.00 129,133.04
A-13-1 85,317.52 85,317.52 0.00 0.00 0.00
A-13-2 13,619.74 13,619.74 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 57,116.06 64,358.51 0.00 0.00 9,158,880.70
M-2 38,075.34 42,903.38 0.00 0.00 6,105,594.89
M-3 26,652.74 30,032.37 0.00 0.00 4,273,916.42
B-1 9,897.40 11,152.41 0.00 0.00 1,587,103.04
B-2 3,805.71 4,288.28 0.00 0.00 610,266.48
B-3 8,467.62 9,541.36 0.00 0.00 1,357,831.05
- -------------------------------------------------------------------------------
884,285.12 5,870,145.60 0.00 0.00 121,177,956.66
===============================================================================
Run: 07/28/99 12:29:53
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-5 105.477225 75.997919 0.591525 76.589444 0.000000 29.479307
A-6 310.342801 27.818523 2.836257 30.654780 0.000000 282.524278
A-7 541.833723 187.606402 3.038652 190.645054 0.000000 354.227321
A-8 1000.000000 0.000000 5.608091 5.608091 0.000000 1000.000000
A-9 1000.000000 0.000000 5.608091 5.608091 0.000000 1000.000000
A-10 1000.000000 0.000000 5.608091 5.608091 0.000000 1000.000000
A-11 1000.000000 0.000000 6.231212 6.231212 0.000000 1000.000000
A-12 607.143531 0.736003 0.000000 0.736003 0.000000 606.407529
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-1 977.511267 0.772363 6.091080 6.863443 0.000000 976.738904
M-2 977.511267 0.772363 6.091080 6.863443 0.000000 976.738904
M-3 977.511267 0.772363 6.091080 6.863443 0.000000 976.738904
B-1 977.511262 0.772361 6.091083 6.863444 0.000000 976.738901
B-2 977.511284 0.772359 6.091085 6.863444 0.000000 976.738925
B-3 905.765856 0.715672 5.644017 6.359689 0.000000 905.050164
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:29:53 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 26,088.20
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 42,490.78
MASTER SERVICER ADVANCES THIS MONTH 1,492.36
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 25 3,118,844.21
(B) TWO MONTHLY PAYMENTS: 3 308,988.15
(C) THREE OR MORE MONTHLY PAYMENTS: 7 990,487.87
FORECLOSURES
NUMBER OF LOANS 11
AGGREGATE PRINCIPAL BALANCE 954,130.53
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 121,177,956.66
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,283
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 181,515.02
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,886,131.45
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 81.66228370 % 15.51467100 % 2.82304540 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 80.92208430 % 16.12371800 % 2.93699720 %
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 8.76391834
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 320.12
POOL TRADING FACTOR: 48.46367462
................................................................................
Run: 07/28/99 12:29:55 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 7,370,994.71 9.000000 % 826,143.95
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 9,216,392.08 7.250000 % 1,781,354.14
A-5 76110FGC1 10,000,000.00 1,839,665.92 7.250000 % 284,005.87
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 90,790.77 0.000000 % 108.17
A-10-1 97QS2A101 0.00 0.00 0.799754 % 0.00
A-10-2 97QS2A102 0.00 0.00 0.450918 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,804,820.86 7.750000 % 3,827.70
M-2 76110FGL1 4,109,600.00 4,003,952.44 7.750000 % 3,189.69
M-3 76110FGM9 2,630,200.00 2,562,584.12 7.750000 % 2,041.45
B-1 1,068,500.00 1,041,031.52 7.750000 % 829.32
B-2 410,900.00 400,336.80 7.750000 % 318.92
B-3 821,738.81 773,422.98 7.750000 % 616.13
- -------------------------------------------------------------------------------
164,383,983.57 80,876,205.20 2,902,435.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 55,233.87 881,377.82 0.00 0.00 6,544,850.76
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 55,633.43 1,836,987.57 0.00 0.00 7,435,037.94
A-5 11,104.88 295,110.75 0.00 0.00 1,555,660.05
A-6 44,496.57 44,496.57 0.00 0.00 7,371,430.00
A-7 67,112.68 67,112.68 0.00 0.00 10,400,783.00
A-8 200,032.35 200,032.35 0.00 0.00 31,000,000.00
A-9 0.00 108.17 0.00 0.00 90,682.60
A-10-1 43,079.92 43,079.92 0.00 0.00 0.00
A-10-2 6,074.37 6,074.37 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 31,003.85 34,831.55 0.00 0.00 4,800,993.16
M-2 25,836.13 29,025.82 0.00 0.00 4,000,762.75
M-3 16,535.47 18,576.92 0.00 0.00 2,560,542.67
B-1 6,717.42 7,546.74 0.00 0.00 1,040,202.20
B-2 2,583.24 2,902.16 0.00 0.00 400,017.88
B-3 4,990.63 5,606.76 0.00 0.00 772,806.85
- -------------------------------------------------------------------------------
570,434.81 3,472,870.15 0.00 0.00 77,973,769.86
===============================================================================
Run: 07/28/99 12:29:55
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-1 236.944183 26.556796 1.775519 28.332315 0.000000 210.387387
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-4 506.395169 97.876601 3.056782 100.933383 0.000000 408.518568
A-5 183.966592 28.400587 1.110488 29.511075 0.000000 155.566005
A-6 1000.000000 0.000000 6.036355 6.036355 0.000000 1000.000000
A-7 1000.000000 0.000000 6.452656 6.452656 0.000000 1000.000000
A-8 1000.000000 0.000000 6.452656 6.452656 0.000000 1000.000000
A-9 695.385617 0.828497 0.000000 0.828497 0.000000 694.557120
A-10-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-10-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 974.292493 0.776158 6.286773 7.062931 0.000000 973.516336
M-2 974.292496 0.776156 6.286775 7.062931 0.000000 973.516340
M-3 974.292495 0.776158 6.286773 7.062931 0.000000 973.516337
B-1 974.292485 0.776153 6.286776 7.062929 0.000000 973.516331
B-2 974.292529 0.776150 6.286785 7.062935 0.000000 973.516379
B-3 941.202935 0.749800 6.073256 6.823056 0.000000 940.453147
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:29:55 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 16,632.21
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 21,591.22
MASTER SERVICER ADVANCES THIS MONTH 3,142.62
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 17 1,833,965.87
(B) TWO MONTHLY PAYMENTS: 5 451,562.74
(C) THREE OR MORE MONTHLY PAYMENTS: 1 72,561.12
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 353,336.24
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 77,973,769.86
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 887
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 374,057.54
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,837,999.02
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.18242370 % 14.07600300 % 2.74157320 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.56961040 % 14.57194977 % 2.84147300 %
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 8.79513811
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 320.50
POOL TRADING FACTOR: 47.43392158
................................................................................
Run: 07/28/99 12:29:56 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS3(POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FGS6 32,109,000.00 0.00 7.250000 % 0.00
A-2 76110FGT4 26,579,000.00 0.00 7.500000 % 0.00
A-3 76110FGU1 16,821,000.00 8,152,759.48 7.500000 % 2,440,547.02
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 1,164,679.93 9.500000 % 348,649.57
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 72,103.67 0.000000 % 863.59
A-10-1 97QS3A101 0.00 0.00 0.795467 % 0.00
A-10-2 97QS3A102 0.00 0.00 0.514195 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,213,913.65 7.750000 % 3,870.57
M-2 76110FHE6 4,112,900.00 4,010,755.33 7.750000 % 2,977.40
M-3 76110FHF3 2,632,200.00 2,566,828.77 7.750000 % 1,905.50
B-1 1,069,400.00 1,042,841.24 7.750000 % 774.16
B-2 411,200.00 400,987.78 7.750000 % 297.68
B-3 823,585.68 540,474.14 7.750000 % 401.22
- -------------------------------------------------------------------------------
164,514,437.18 82,293,343.99 2,800,286.71
===============================================================================
_______________________________________________________________________________
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 50,929.65 2,491,476.67 0.00 0.00 5,712,212.46
A-4 151,631.51 151,631.51 0.00 0.00 23,490,000.00
A-5 46,076.87 46,076.87 0.00 0.00 7,138,000.00
A-6 6,455.15 6,455.15 0.00 0.00 1,000,000.00
A-7 9,215.84 357,865.41 0.00 0.00 816,030.36
A-8 177,516.67 177,516.67 0.00 0.00 27,500,000.00
A-9 0.00 863.59 0.00 0.00 71,240.08
A-10-1 41,288.47 41,288.47 0.00 0.00 0.00
A-10-2 8,555.87 8,555.87 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 33,656.60 37,527.17 0.00 0.00 5,210,043.08
M-2 25,890.03 28,867.43 0.00 0.00 4,007,777.93
M-3 16,569.27 18,474.77 0.00 0.00 2,564,923.27
B-1 6,731.70 7,505.86 0.00 0.00 1,042,067.08
B-2 2,588.43 2,886.11 0.00 0.00 400,690.10
B-3 3,488.84 3,890.06 0.00 0.00 540,072.92
- -------------------------------------------------------------------------------
580,594.90 3,380,881.61 0.00 0.00 79,493,057.28
===============================================================================
Run: 07/28/99 12:29:56
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS3(POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4244
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 484.677456 145.089294 3.027742 148.117036 0.000000 339.588161
A-4 1000.000000 0.000000 6.455152 6.455152 0.000000 1000.000000
A-5 1000.000000 0.000000 6.455151 6.455151 0.000000 1000.000000
A-6 1000.000000 0.000000 6.455150 6.455150 0.000000 1000.000000
A-7 75.756467 22.677870 0.599443 23.277313 0.000000 53.078597
A-8 1000.000000 0.000000 6.455152 6.455152 0.000000 1000.000000
A-9 671.659641 8.044508 0.000000 8.044508 0.000000 663.615134
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-1 975.164803 0.723918 6.294836 7.018754 0.000000 974.440885
M-2 975.164806 0.723917 6.294836 7.018753 0.000000 974.440888
M-3 975.164794 0.723919 6.294837 7.018756 0.000000 974.440875
B-1 975.164803 0.723920 6.294838 7.018758 0.000000 974.440883
B-2 975.164835 0.723930 6.294820 7.018750 0.000000 974.440905
B-3 656.245189 0.487162 4.236159 4.723321 0.000000 655.758031
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:29:56 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 16,915.32
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 31,021.68
MASTER SERVICER ADVANCES THIS MONTH 479.37
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 19 2,172,950.72
(B) TWO MONTHLY PAYMENTS: 1 34,574.71
(C) THREE OR MORE MONTHLY PAYMENTS: 6 878,904.34
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 835,666.48
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 79,493,057.28
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 839
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 60,605.12
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,739,178.78
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.24544750 % 14.34118200 % 2.41337050 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.66776700 % 14.82235642 % 2.49658110 %
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 8.80059965
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 324.77
POOL TRADING FACTOR: 48.31980624
................................................................................
Run: 07/28/99 12:29:57 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 11,663,313.75 7.250000 % 3,443,240.23
A-4 76110FHN6 24,498,244.00 4,555,747.14 10.000000 % 765,164.39
A-5 76110FHP1 17,675,100.00 17,675,100.00 7.500000 % 0.00
A-6 76110FHQ9 7,150,100.00 7,150,100.00 7.750000 % 0.00
A-7 76110FHR7 52,000,000.00 52,000,000.00 7.750000 % 0.00
A-8 76110FHS5 155,284.33 120,588.63 0.000000 % 118.87
A-9-1 797QS4A91 0.00 0.00 0.805194 % 0.00
A-9-2 797QS4A92 0.00 0.00 0.493736 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,041,329.14 7.750000 % 5,454.99
M-2 76110FHW6 4,975,300.00 4,874,728.63 7.750000 % 3,776.50
M-3 76110FHX4 3,316,900.00 3,249,851.76 7.750000 % 2,517.69
B-1 1,216,200.00 1,191,615.58 7.750000 % 923.16
B-2 552,900.00 541,723.61 7.750000 % 419.68
B-3 995,114.30 943,716.40 7.750000 % 731.11
- -------------------------------------------------------------------------------
221,126,398.63 111,007,814.64 4,222,346.62
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 69,851.85 3,513,092.08 0.00 0.00 8,220,073.52
A-4 37,633.76 802,798.15 0.00 0.00 3,790,582.75
A-5 109,506.81 109,506.81 0.00 0.00 17,675,100.00
A-6 45,775.36 45,775.36 0.00 0.00 7,150,100.00
A-7 332,907.05 332,907.05 0.00 0.00 52,000,000.00
A-8 0.00 118.87 0.00 0.00 120,469.76
A-9-1 58,821.79 58,821.79 0.00 0.00 0.00
A-9-2 9,206.93 9,206.93 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,079.00 50,533.99 0.00 0.00 7,035,874.15
M-2 31,208.30 34,984.80 0.00 0.00 4,870,952.13
M-3 20,805.75 23,323.44 0.00 0.00 3,247,334.07
B-1 7,628.79 8,551.95 0.00 0.00 1,190,692.42
B-2 3,468.14 3,887.82 0.00 0.00 541,303.93
B-3 6,041.73 6,772.84 0.00 0.00 844,141.20
- -------------------------------------------------------------------------------
777,935.26 5,000,281.88 0.00 0.00 106,686,623.93
===============================================================================
Run: 07/28/99 12:29:57
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-3 520.717450 153.726060 3.118589 156.844649 0.000000 366.991390
A-4 185.962191 31.233438 1.536182 32.769620 0.000000 154.728753
A-5 1000.000000 0.000000 6.195541 6.195541 0.000000 1000.000000
A-6 1000.000000 0.000000 6.402059 6.402059 0.000000 1000.000000
A-7 1000.000000 0.000000 6.402059 6.402059 0.000000 1000.000000
A-8 776.566637 0.765499 0.000000 0.765499 0.000000 775.801139
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 979.785871 0.759050 6.272646 7.031696 0.000000 979.026821
M-2 979.785868 0.759050 6.272647 7.031697 0.000000 979.026819
M-3 979.785872 0.759049 6.272649 7.031698 0.000000 979.026823
B-1 979.785874 0.759053 6.272644 7.031697 0.000000 979.026821
B-2 979.785874 0.759052 6.272635 7.031687 0.000000 979.026822
B-3 948.349752 0.734700 6.071393 6.806093 0.000000 848.285672
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:29:58 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 22,566.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 29,434.47
MASTER SERVICER ADVANCES THIS MONTH 1,012.24
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 2,790,967.19
(B) TWO MONTHLY PAYMENTS: 5 379,866.69
(C) THREE OR MORE MONTHLY PAYMENTS: 3 265,471.97
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 285,283.51
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 106,686,623.93
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,136
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 124,115.53
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,130,448.86
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.90890840 % 13.67687700 % 2.41421460 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.36216780 % 14.20436770 % 2.41740690 %
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 8.81151379
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 324.41
POOL TRADING FACTOR: 48.24689616
................................................................................
Run: 07/28/99 12:29:58 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 5,724,339.89 10.000000 % 1,135,053.58
A-4 76110FJC8 24,000,000.00 3,479,815.46 7.250000 % 3,026,809.56
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 340,158.57 226,596.92 0.000000 % 3,863.30
A-11-1 0.00 0.00 0.706667 % 0.00
A-11-2 0.00 0.00 0.342095 % 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 6,591,527.61 8.000000 % 4,793.04
M-2 76110FJP9 4,330,000.00 4,240,908.55 8.000000 % 3,083.78
M-3 76110FJQ7 2,886,000.00 2,826,619.43 8.000000 % 2,055.38
B-1 1,058,000.00 1,036,231.21 8.000000 % 753.50
B-2 481,000.00 471,103.24 8.000000 % 342.56
B-3 866,066.26 761,170.99 8.000000 % 553.49
- -------------------------------------------------------------------------------
192,360,424.83 102,970,404.30 4,177,308.19
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 47,369.88 1,182,423.46 0.00 0.00 4,589,286.31
A-4 20,877.15 3,047,686.71 0.00 0.00 453,005.90
A-5 70,704.63 70,704.63 0.00 0.00 11,785,091.00
A-6 120,109.12 120,109.12 0.00 0.00 18,143,000.00
A-7 31,558.19 31,558.19 0.00 0.00 4,767,000.00
A-8 26,635.91 26,635.91 0.00 0.00 0.00
A-9 257,480.45 257,480.45 0.00 0.00 42,917,000.00
A-10 0.00 3,863.30 0.00 0.00 222,733.62
A-11-1 45,626.57 45,626.57 0.00 0.00 0.00
A-11-2 7,062.16 7,062.16 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 43,636.81 48,429.85 0.00 0.00 6,586,734.57
M-2 28,075.39 31,159.17 0.00 0.00 4,237,824.77
M-3 18,712.60 20,767.98 0.00 0.00 2,824,564.05
B-1 6,859.99 7,613.49 0.00 0.00 1,035,477.71
B-2 3,118.77 3,461.33 0.00 0.00 470,760.68
B-3 5,039.05 5,592.54 0.00 0.00 731,984.31
- -------------------------------------------------------------------------------
732,866.67 4,910,174.86 0.00 0.00 98,764,462.92
===============================================================================
Run: 07/28/99 12:29:58
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-3 191.085799 37.889543 1.581267 39.470810 0.000000 153.196256
A-4 144.992311 126.117065 0.869881 126.986946 0.000000 18.875246
A-5 1000.000000 0.000000 5.999498 5.999498 0.000000 1000.000000
A-6 1000.000000 0.000000 6.620136 6.620136 0.000000 1000.000000
A-7 1000.000000 0.000000 6.620136 6.620136 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 5.999498 5.999498 0.000000 1000.000000
A-10 666.150848 11.357350 0.000000 11.357350 0.000000 654.793498
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-1 979.424608 0.712190 6.483924 7.196114 0.000000 978.712418
M-2 979.424607 0.712189 6.483924 7.196113 0.000000 978.712418
M-3 979.424612 0.712190 6.483922 7.196112 0.000000 978.712422
B-1 979.424584 0.712193 6.483922 7.196115 0.000000 978.712391
B-2 979.424615 0.712183 6.483929 7.196112 0.000000 978.712432
B-3 878.883089 0.639085 5.818319 6.457404 0.000000 845.182804
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:29:58 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS5 (POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4248
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 20,911.00
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 32,505.48
MASTER SERVICER ADVANCES THIS MONTH 2,945.28
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 17 2,094,068.71
(B) TWO MONTHLY PAYMENTS: 3 276,464.25
(C) THREE OR MORE MONTHLY PAYMENTS: 3 374,985.18
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,334,313.75
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 98,764,462.92
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,018
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 360,570.19
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,055,548.62
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.49778980 % 13.29428600 % 2.20792430 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.87754490 % 13.81987305 % 2.27134510 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 995,474.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,391,187.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.92904754
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 326.62
POOL TRADING FACTOR: 51.34344188
................................................................................
Run: 07/28/99 12:29:59 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 1,407,939.85 7.500000 % 1,407,939.85
A-2 76110FJS3 15,683,000.00 15,683,000.00 7.500000 % 59,068.26
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 19,629,629.22 7.500000 % 110,697.76
A-6 76110FJW4 164,986.80 90,291.91 0.000000 % 543.91
A-7-1 0.00 0.00 0.841750 % 0.00
A-7-2 0.00 0.00 0.321181 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,448,882.20 7.500000 % 10,586.30
M-2 76110FKA0 1,061,700.00 979,497.52 7.500000 % 4,234.28
M-3 76110FKB8 690,100.00 636,668.78 7.500000 % 2,752.26
B-1 371,600.00 342,828.73 7.500000 % 1,482.02
B-2 159,300.00 146,966.13 7.500000 % 635.32
B-3 372,446.48 343,609.73 7.500000 % 1,485.39
- -------------------------------------------------------------------------------
106,172,633.28 62,501,314.07 1,599,425.35
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 8,791.47 1,416,731.32 0.00 0.00 0.00
A-2 97,927.96 156,996.22 0.00 0.00 15,623,931.74
A-3 117,053.98 117,053.98 0.00 0.00 18,746,000.00
A-4 12,775.66 12,775.66 0.00 0.00 2,046,000.00
A-5 122,571.54 233,269.30 0.00 0.00 19,518,931.46
A-6 0.00 543.91 0.00 0.00 89,748.00
A-7-1 36,660.49 36,660.49 0.00 0.00 0.00
A-7-2 2,724.74 2,724.74 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,291.33 25,877.63 0.00 0.00 2,438,295.90
M-2 6,116.19 10,350.47 0.00 0.00 975,263.24
M-3 3,975.49 6,727.75 0.00 0.00 633,916.52
B-1 2,140.70 3,622.72 0.00 0.00 341,346.71
B-2 917.69 1,553.01 0.00 0.00 146,330.81
B-3 2,145.57 3,630.96 0.00 0.00 335,126.74
- -------------------------------------------------------------------------------
429,092.81 2,028,518.16 0.00 0.00 60,894,891.12
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 32.783958 32.783958 0.204710 32.988668 0.000000 0.000000
A-2 1000.000000 3.766388 6.244211 10.010599 0.000000 996.233612
A-3 1000.000000 0.000000 6.244211 6.244211 0.000000 1000.000000
A-4 1000.000000 0.000000 6.244213 6.244213 0.000000 1000.000000
A-5 922.575044 5.202696 5.760753 10.963449 0.000000 917.372349
A-6 547.267478 3.296688 0.000000 3.296688 0.000000 543.970790
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-1 922.574668 3.988208 5.760748 9.748956 0.000000 918.586460
M-2 922.574663 3.988208 5.760752 9.748960 0.000000 918.586456
M-3 922.574670 3.988205 5.760745 9.748950 0.000000 918.586466
B-1 922.574623 3.988213 5.760764 9.748977 0.000000 918.586410
B-2 922.574576 3.988198 5.760766 9.748964 0.000000 918.586378
B-3 922.574782 3.988197 5.760747 9.748944 0.000000 899.798382
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:29:59 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4249
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 12,915.46
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,069.56
SUBSERVICER ADVANCES THIS MONTH 12,435.18
MASTER SERVICER ADVANCES THIS MONTH 380.93
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 6 791,130.09
(B) TWO MONTHLY PAYMENTS: 5 239,277.08
(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 60,894,891.12
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 919
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 35,701.01
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 1,247,088.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.15130130 % 6.51335000 % 1.33534840 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.99034870 % 6.64665883 % 1.35318200 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 613,151.00
SPECIAL HAZARD AMOUNT AVAILABLE 733,321.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.57628875
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 146.56
POOL TRADING FACTOR: 57.35460188
................................................................................
Run: 07/28/99 13:39:20 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR1(POOL # 3328)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 3328
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 24,934,336.17 5,826,054.38 7.465614 % 76,636.31
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
24,934,336.17 5,826,054.38 76,636.31
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 36,133.82 112,770.13 0.00 0.00 5,749,418.07
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
36,133.82 112,770.13 0.00 0.00 5,749,418.07
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 233.655885 3.073525 1.449159 4.522684 0.000000 230.582360
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 13:39:20 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 1,814.84
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 251.25
SUBSERVICER ADVANCES THIS MONTH 3,563.25
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 111,468.97
(B) TWO MONTHLY PAYMENTS: 2 379,379.76
(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 5,749,418.04
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 39
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 71,788.60
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 100.00000050 % 0.00000000 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 100.00000050 % 0.00000000 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.90269400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.99
POOL TRADING FACTOR: 23.05823584
................................................................................
Run: 07/28/99 13:39:20 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 5,483,757.63 7.967171 % 5,633.17
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
30,798,565.76 5,483,757.63 5,633.17
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 36,398.88 42,032.05 0.00 0.00 5,478,124.46
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
36,398.88 42,032.05 0.00 0.00 5,478,124.46
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 178.052370 0.182904 1.181837 1.364741 0.000000 177.869467
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 13:39:20 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 1,701.47
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 237.96
SUBSERVICER ADVANCES THIS MONTH 3,770.85
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 299,427.36
(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 5,478,124.42
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 1,276.00
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 0.5848 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.18036000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.76
POOL TRADING FACTOR: 17.78694652
................................................................................
Run: 07/28/99 12:30:01 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 22,949,131.25 7.500000 % 4,966,012.09
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 10,421,304.42 9.500000 % 709,430.30
A-8 76110FKP7 156,262.27 45,285.82 0.000000 % 1,303.64
A-9-1 0.00 0.00 0.840361 % 0.00
A-9-2 0.00 0.00 0.579583 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,578,810.64 7.750000 % 4,728.36
M-2 76110FKM4 3,827,000.00 3,759,460.69 7.750000 % 2,702.02
M-3 76110FKN2 2,870,200.00 2,819,546.42 7.750000 % 2,026.48
B-1 1,052,400.00 1,033,827.15 7.750000 % 743.04
B-2 478,400.00 469,957.13 7.750000 % 337.77
B-3 861,188.35 806,985.12 7.750000 % 580.00
- -------------------------------------------------------------------------------
191,342,550.62 98,884,308.64 5,687,863.70
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 141,215.58 5,107,227.67 0.00 0.00 17,983,119.16
A-2 0.00 0.00 0.00 0.00 0.00
A-3 67,687.59 67,687.59 0.00 0.00 11,000,000.00
A-4 24,613.67 24,613.67 0.00 0.00 4,000,000.00
A-5 111,274.29 111,274.29 0.00 0.00 17,500,000.00
A-6 104,095.31 104,095.31 0.00 0.00 17,500,000.00
A-7 81,227.07 790,657.37 0.00 0.00 9,711,874.12
A-8 0.00 1,303.64 0.00 0.00 43,982.18
A-9-1 54,876.95 54,876.95 0.00 0.00 0.00
A-9-2 9,173.96 9,173.96 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 41,831.57 46,559.93 0.00 0.00 6,574,082.28
M-2 23,904.65 26,606.67 0.00 0.00 3,756,758.67
M-3 17,928.17 19,954.65 0.00 0.00 2,817,519.94
B-1 6,573.62 7,316.66 0.00 0.00 1,033,084.11
B-2 2,988.24 3,326.01 0.00 0.00 469,619.36
B-3 5,131.24 5,711.24 0.00 0.00 769,684.59
- -------------------------------------------------------------------------------
692,521.91 6,380,385.61 0.00 0.00 93,159,724.41
===============================================================================
Run: 07/28/99 12:30:01
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-1 278.201637 60.200653 1.711891 61.912544 0.000000 218.000984
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 1000.000000 0.000000 6.153417 6.153417 0.000000 1000.000000
A-4 1000.000000 0.000000 6.153418 6.153418 0.000000 1000.000000
A-5 1000.000000 0.000000 6.358531 6.358531 0.000000 1000.000000
A-6 1000.000000 0.000000 5.948303 5.948303 0.000000 1000.000000
A-7 475.316051 32.357140 3.704769 36.061909 0.000000 442.958911
A-8 289.806490 8.342641 0.000000 8.342641 0.000000 281.463849
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-1 982.351895 0.706042 6.246315 6.952357 0.000000 981.645853
M-2 982.351892 0.706041 6.246316 6.952357 0.000000 981.645851
M-3 982.351899 0.706041 6.246314 6.952355 0.000000 981.645857
B-1 982.351910 0.706043 6.246313 6.952356 0.000000 981.645867
B-2 982.351860 0.706041 6.246321 6.952362 0.000000 981.645819
B-3 937.059959 0.673488 5.958325 6.631813 0.000000 893.747100
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:01 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS7 (POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4255
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 19,855.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 29,854.53
MASTER SERVICER ADVANCES THIS MONTH 4,594.30
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 1,856,510.93
(B) TWO MONTHLY PAYMENTS: 6 611,353.18
(C) THREE OR MORE MONTHLY PAYMENTS: 1 102,901.43
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,220,093.10
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 93,159,724.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 994
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 569,282.48
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,481,759.04
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 84.34971660 % 13.31237100 % 2.33791200 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 83.43916010 % 14.11378251 % 2.44039090 %
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 8.87102713
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 326.06
POOL TRADING FACTOR: 48.68740597
................................................................................
Run: 07/28/99 12:30:01 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS8(POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4256
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FKU6 13,399,900.00 0.00 7.000000 % 0.00
A-2 76110FKV4 20,850,000.00 0.00 7.000000 % 0.00
A-3 76110FKW2 16,320,750.00 3,899,490.45 10.000000 % 361,199.47
A-4 76110FKX0 19,700,543.00 0.00 7.000000 % 0.00
A-5 76110FKY8 21,419,142.00 9,768,060.56 7.150000 % 2,579,996.26
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 9,114,117.18 7.500000 % 636,465.96
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 10,313.33 0.000000 % 9.18
A-12-1 0.00 0.00 0.955081 % 0.00
A-12-2 0.00 0.00 0.670646 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,504,097.33 7.500000 % 13,112.03
M-2 76110FLJ0 4,361,000.00 4,288,477.04 7.500000 % 7,493.32
M-3 76110FLK7 3,270,500.00 3,216,111.97 7.500000 % 5,619.56
B-1 1,199,000.00 1,179,060.76 7.500000 % 2,060.19
B-2 545,000.00 535,936.74 7.500000 % 936.45
B-3 981,461.72 826,927.18 7.500000 % 1,444.91
- -------------------------------------------------------------------------------
218,029,470.88 122,669,221.54 3,608,337.33
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 32,472.40 393,671.87 0.00 0.00 3,538,290.98
A-4 0.00 0.00 0.00 0.00 0.00
A-5 58,159.54 2,638,155.80 0.00 0.00 7,188,064.30
A-6 38,175.94 38,175.94 0.00 0.00 6,323,320.00
A-7 99,593.58 99,593.58 0.00 0.00 16,496,308.00
A-8 56,922.30 693,388.26 0.00 0.00 8,477,651.22
A-9 30,707.09 30,707.09 0.00 0.00 5,000,001.00
A-10 340,423.96 340,423.96 0.00 0.00 54,507,000.00
A-11 0.00 9.18 0.00 0.00 10,304.15
A-12-1 75,560.98 75,560.98 0.00 0.00 0.00
A-12-2 15,449.13 15,449.13 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,866.91 59,978.94 0.00 0.00 7,490,985.30
M-2 26,783.72 34,277.04 0.00 0.00 4,280,983.72
M-3 20,086.26 25,705.82 0.00 0.00 3,210,492.41
B-1 7,363.83 9,424.02 0.00 0.00 1,177,000.57
B-2 3,347.19 4,283.64 0.00 0.00 535,000.29
B-3 5,164.58 6,609.49 0.00 0.00 825,482.27
- -------------------------------------------------------------------------------
857,077.41 4,465,414.74 0.00 0.00 119,060,884.21
===============================================================================
Run: 07/28/99 12:30:01
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-3 238.928386 22.131304 1.989639 24.120943 0.000000 216.797082
A-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-5 456.043504 120.452830 2.715307 123.168137 0.000000 335.590674
A-6 1000.000000 0.000000 6.037325 6.037325 0.000000 1000.000000
A-7 1000.000000 0.000000 6.037325 6.037325 0.000000 1000.000000
A-8 350.569450 24.481309 2.189485 26.670794 0.000000 326.088141
A-9 1000.000000 0.000000 6.141417 6.141417 0.000000 1000.000000
A-10 1000.000000 0.000000 6.245509 6.245509 0.000000 1000.000000
A-11 390.520940 0.347607 0.000000 0.347607 0.000000 390.173334
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-1 983.370113 1.718258 6.141647 7.859905 0.000000 981.651854
M-2 983.370108 1.718257 6.141646 7.859903 0.000000 981.651851
M-3 983.370118 1.718257 6.141648 7.859905 0.000000 981.651861
B-1 983.370108 1.718257 6.141643 7.859900 0.000000 981.651852
B-2 983.370165 1.718257 6.141633 7.859890 0.000000 981.651908
B-3 842.546544 1.472192 5.262131 6.734323 0.000000 841.074337
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:01 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 25,167.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 29,478.40
MASTER SERVICER ADVANCES THIS MONTH 1,828.76
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,755,630.65
(B) TWO MONTHLY PAYMENTS: 6 834,767.44
(C) THREE OR MORE MONTHLY PAYMENTS: 3 187,259.17
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 119,060,884.20
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,192
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 220,714.36
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,394,004.35
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 121,895.41
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.69153170 % 12.23611600 % 2.07235230 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.28361260 % 12.58386542 % 2.13143280 %
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 8.71753981
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 328.09
POOL TRADING FACTOR: 54.60770222
................................................................................
Run: 07/28/99 12:30:03 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 6,133,781.35 10.000000 % 919,273.35
A-4 76110FLP6 38,010,000.00 16,572,336.21 6.750000 % 5,056,003.52
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 1.040703 % 0.00
A-9-2 0.00 0.00 0.756450 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,007,377.49 7.250000 % 5,929.49
M-2 76110FLX9 5,420,000.00 5,338,251.64 7.250000 % 3,953.00
M-3 76110FLY2 4,065,000.00 4,003,688.72 7.250000 % 2,964.75
B-1 1,490,500.00 1,468,019.17 7.250000 % 1,087.07
B-2 677,500.00 667,281.46 7.250000 % 494.12
B-3 1,219,925.82 1,189,784.15 7.250000 % 881.03
- -------------------------------------------------------------------------------
271,005,025.82 161,230,982.19 5,990,586.33
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 50,982.09 970,255.44 0.00 0.00 5,214,508.00
A-4 92,977.30 5,148,980.82 0.00 0.00 11,516,332.69
A-5 96,293.74 96,293.74 0.00 0.00 17,163,462.00
A-6 180,640.69 180,640.69 0.00 0.00 29,977,000.00
A-7 96,807.31 96,807.31 0.00 0.00 16,065,000.00
A-8 329,289.47 329,289.47 0.00 0.00 54,645,000.00
A-9-1 118,340.98 118,340.98 0.00 0.00 0.00
A-9-2 15,354.16 15,354.16 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,252.27 54,181.76 0.00 0.00 8,001,448.00
M-2 32,168.18 36,121.18 0.00 0.00 5,334,298.64
M-3 24,126.13 27,090.88 0.00 0.00 4,000,723.97
B-1 8,846.25 9,933.32 0.00 0.00 1,466,932.10
B-2 4,021.02 4,515.14 0.00 0.00 666,787.34
B-3 7,169.61 8,050.64 0.00 0.00 1,188,903.12
- -------------------------------------------------------------------------------
1,105,269.20 7,095,855.53 0.00 0.00 155,240,395.86
===============================================================================
Run: 07/28/99 12:30:03
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-3 267.016573 40.017928 2.219359 42.237287 0.000000 226.998645
A-4 435.999374 133.017720 2.446127 135.463847 0.000000 302.981655
A-5 1000.000000 0.000000 5.610391 5.610391 0.000000 1000.000000
A-6 1000.000000 0.000000 6.025976 6.025976 0.000000 1000.000000
A-7 1000.000000 0.000000 6.025976 6.025976 0.000000 1000.000000
A-8 1000.000000 0.000000 6.025976 6.025976 0.000000 1000.000000
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 984.917280 0.729335 5.935089 6.664424 0.000000 984.187946
M-2 984.917277 0.729336 5.935089 6.664425 0.000000 984.187941
M-3 984.917274 0.729336 5.935087 6.664423 0.000000 984.187939
B-1 984.917256 0.729332 5.935089 6.664421 0.000000 984.187924
B-2 984.917284 0.729328 5.935085 6.664413 0.000000 984.187956
B-3 975.292211 0.722208 5.877087 6.599295 0.000000 974.570007
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:04 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 36,348.02
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 43,248.99
MASTER SERVICER ADVANCES THIS MONTH 2,490.27
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 3,926,147.93
(B) TWO MONTHLY PAYMENTS: 8 822,774.72
(C) THREE OR MORE MONTHLY PAYMENTS: 7 504,026.19
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 388,630.31
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 155,240,395.86
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,633
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 336,749.35
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,871,194.17
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.17715270 % 10.76053600 % 2.06231130 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.69219240 % 11.16749962 % 2.14030800 %
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 8.60813497
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 329.96
POOL TRADING FACTOR: 57.28321657
................................................................................
Run: 07/28/99 12:30:04 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 78,245,754.61 7.250000 % 5,112,626.12
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 63,710,026.64 7.250000 % 168,912.51
A-5 7611OFMS9 76,250.57 64,928.19 0.000000 % 61.27
A-6-1 0.00 0.00 1.008904 % 0.00
A-6-2 0.00 0.00 0.686469 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,415,010.51 7.250000 % 7,859.08
M-2 7611OFMW0 6,524,000.00 6,408,934.98 7.250000 % 4,836.13
M-3 7611OFMX8 4,893,000.00 4,806,701.20 7.250000 % 3,627.10
B-1 7611OFMY6 1,794,000.00 1,762,358.88 7.250000 % 1,329.86
B-2 7611OFMZ3 816,000.00 801,608.05 7.250000 % 604.89
B-3 7611OFNA7 1,468,094.11 1,390,384.34 7.250000 % 1,049.17
- -------------------------------------------------------------------------------
326,202,444.68 202,748,707.40 5,300,906.13
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 471,888.53 5,584,514.65 0.00 0.00 73,133,128.49
A-2 60,308.52 60,308.52 0.00 0.00 10,000,000.00
A-3 151,633.70 151,633.70 0.00 0.00 25,143,000.00
A-4 384,225.71 553,138.22 0.00 0.00 63,541,114.13
A-5 0.00 61.27 0.00 0.00 64,866.92
A-6-1 135,480.42 135,480.42 0.00 0.00 0.00
A-6-2 23,593.95 23,593.95 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,811.38 70,670.46 0.00 0.00 10,407,151.43
M-2 38,651.34 43,487.47 0.00 0.00 6,404,098.85
M-3 28,988.50 32,615.60 0.00 0.00 4,803,074.10
B-1 10,628.52 11,958.38 0.00 0.00 1,761,029.02
B-2 4,834.38 5,439.27 0.00 0.00 801,003.16
B-3 8,385.20 9,434.37 0.00 0.00 1,335,764.54
- -------------------------------------------------------------------------------
1,381,430.15 6,682,336.28 0.00 0.00 197,394,230.64
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 391.288460 25.567031 2.359803 27.926834 0.000000 365.721430
A-2 1000.000000 0.000000 6.030852 6.030852 0.000000 1000.000000
A-3 1000.000000 0.000000 6.030852 6.030852 0.000000 1000.000000
A-4 981.414876 2.601996 5.918767 8.520763 0.000000 978.812880
A-5 851.510881 0.803535 0.000000 0.803535 0.000000 850.707346
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-1 982.362810 0.741283 5.924484 6.665767 0.000000 981.621527
M-2 982.362811 0.741283 5.924485 6.665768 0.000000 981.621528
M-3 982.362804 0.741283 5.924484 6.665767 0.000000 981.621521
B-1 982.362809 0.741282 5.924482 6.665764 0.000000 981.621527
B-2 982.362806 0.741287 5.924485 6.665772 0.000000 981.621520
B-3 947.067583 0.714648 5.711623 6.426271 0.000000 909.863020
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:04 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 41,476.35
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 48,154.48
MASTER SERVICER ADVANCES THIS MONTH 5,013.12
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 3,812,085.29
(B) TWO MONTHLY PAYMENTS: 7 1,034,109.84
(C) THREE OR MORE MONTHLY PAYMENTS: 11 990,618.01
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 435,325.15
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 197,394,230.64
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,929
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 646,126.40
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,812,003.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.37688920 % 10.67211500 % 1.95099540 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.07130020 % 10.94982579 % 1.97527460 %
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 8.51843281
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 330.93
POOL TRADING FACTOR: 60.51279929
................................................................................
Run: 07/28/99 12:30:04 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 64,732,959.93 7.000000 % 2,168,751.56
A-2 7611OFMD2 43,142.76 34,457.35 0.000000 % 9,724.33
A-3-1 0.00 0.00 1.083999 % 0.00
A-3-2 0.00 0.00 0.647922 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,842,248.10 7.000000 % 10,756.25
M-2 7611OFMH3 892,000.00 833,153.22 7.000000 % 3,153.00
M-3 7611OFMJ9 419,700.00 392,011.68 7.000000 % 1,483.54
B-1 7611OFMK6 367,000.00 342,788.38 7.000000 % 1,297.25
B-2 7611OFML4 262,400.00 245,088.99 7.000000 % 927.52
B-3 7611OFMM2 263,388.53 246,012.35 7.000000 % 931.02
- -------------------------------------------------------------------------------
104,940,731.29 69,668,720.00 2,197,024.47
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 377,177.45 2,545,929.01 0.00 0.00 62,564,208.37
A-2 0.00 9,724.33 0.00 0.00 24,733.02
A-3-1 49,362.73 49,362.73 0.00 0.00 0.00
A-3-2 8,068.79 8,068.79 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,560.83 27,317.08 0.00 0.00 2,831,491.85
M-2 4,854.51 8,007.51 0.00 0.00 830,000.22
M-3 2,284.12 3,767.66 0.00 0.00 390,528.14
B-1 1,997.32 3,294.57 0.00 0.00 341,491.13
B-2 1,428.06 2,355.58 0.00 0.00 244,161.47
B-3 1,433.43 2,364.45 0.00 0.00 245,081.33
- -------------------------------------------------------------------------------
463,167.24 2,660,191.71 0.00 0.00 67,471,695.53
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 649.603211 21.763689 3.785022 25.548711 0.000000 627.839522
A-2 798.682096 225.398885 0.000000 225.398885 0.000000 573.283211
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-1 934.028294 3.534752 5.442271 8.977023 0.000000 930.493543
M-2 934.028274 3.534753 5.442276 8.977029 0.000000 930.493520
M-3 934.028306 3.534763 5.442268 8.977031 0.000000 930.493543
B-1 934.028283 3.534741 5.442289 8.977030 0.000000 930.493542
B-2 934.028163 3.534756 5.442302 8.977058 0.000000 930.493407
B-3 934.028334 3.534740 5.442264 8.977004 0.000000 930.493556
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:04 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 14,369.74
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 376.98
SUBSERVICER ADVANCES THIS MONTH 13,921.63
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 10 1,009,631.20
(B) TWO MONTHLY PAYMENTS: 1 88,445.71
(C) THREE OR MORE MONTHLY PAYMENTS: 1 47,237.35
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 191,454.98
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 67,471,695.53
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 830
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 1,933,347.26
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.96136340 % 5.84110900 % 1.19752790 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.76060190 % 6.00551117 % 1.23168470 %
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 8.32042030
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 150.96
POOL TRADING FACTOR: 64.29504988
................................................................................
Run: 07/28/99 12:30:07 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS12(POOL # 4270)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4270
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FNB5 57,575,000.00 0.00 7.000000 % 0.00
A-2 76110FNC3 22,405,757.00 8,985,093.64 9.000000 % 843,421.13
A-3 76110FND1 62,824,125.00 26,454,481.55 7.000000 % 5,903,947.88
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 58,428,400.11 7.250000 % 43,977.06
A-8-1 0.00 0.00 0.934548 % 0.00
A-8-2 0.00 0.00 0.756553 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,286,230.85 7.250000 % 7,742.10
M-2 76110FNL3 4,471,600.00 4,408,440.99 7.250000 % 3,318.08
M-3 76110FNM1 4,471,500.00 4,408,342.39 7.250000 % 3,318.01
B-1 76110FNN9 1,639,600.00 1,617,609.70 7.250000 % 1,217.52
B-2 76110FNP4 745,200.00 735,744.07 7.250000 % 553.77
B-3 76110FNQ2 1,341,561.05 1,266,630.86 7.250000 % 953.34
- -------------------------------------------------------------------------------
298,104,002.05 189,468,133.16 6,808,448.89
===============================================================================
_______________________________________________________________________________
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 67,284.35 910,705.48 0.00 0.00 8,141,672.51
A-3 154,079.98 6,058,027.86 0.00 0.00 20,550,533.67
A-4 138,970.55 138,970.55 0.00 0.00 24,294,118.00
A-5 156,841.24 156,841.24 0.00 0.00 26,000,000.00
A-6 136,228.94 136,228.94 0.00 0.00 22,583,041.00
A-7 352,460.89 396,437.95 0.00 0.00 58,384,423.05
A-8-1 119,896.62 119,896.62 0.00 0.00 0.00
A-8-2 22,207.19 22,207.19 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,050.20 69,792.30 0.00 0.00 10,278,488.75
M-2 26,593.28 29,911.36 0.00 0.00 4,405,122.91
M-3 26,592.69 29,910.70 0.00 0.00 4,405,024.38
B-1 9,758.00 10,975.52 0.00 0.00 1,616,392.18
B-2 4,438.27 4,992.04 0.00 0.00 735,190.30
B-3 7,640.77 8,594.11 0.00 0.00 1,265,677.52
- -------------------------------------------------------------------------------
1,285,042.97 8,093,491.86 0.00 0.00 182,659,684.27
===============================================================================
Run: 07/28/99 12:30:07
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-2 401.017187 37.643054 3.002994 40.646048 0.000000 363.374133
A-3 421.087943 93.975808 2.452561 96.428369 0.000000 327.112135
A-4 1000.000000 0.000000 5.720337 5.720337 0.000000 1000.000000
A-5 1000.000000 0.000000 6.032355 6.032355 0.000000 1000.000000
A-6 1000.000000 0.000000 6.032356 6.032356 0.000000 1000.000000
A-7 984.989584 0.741368 5.941807 6.683175 0.000000 984.248216
A-8-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-8-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 985.875522 0.742035 5.947152 6.689187 0.000000 985.133487
M-2 985.875523 0.742034 5.947151 6.689185 0.000000 985.133489
M-3 985.875521 0.742035 5.947152 6.689187 0.000000 985.133485
B-1 986.588009 0.742571 5.951452 6.694023 0.000000 985.845438
B-2 987.310883 0.743116 5.955811 6.698927 0.000000 986.567767
B-3 944.147014 0.710627 5.695432 6.406059 0.000000 943.436391
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:07 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 38,826.36
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 51,447.78
MASTER SERVICER ADVANCES THIS MONTH 799.21
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 2,593,463.90
(B) TWO MONTHLY PAYMENTS: 7 1,227,593.34
(C) THREE OR MORE MONTHLY PAYMENTS: 9 1,489,646.79
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,504,426.07
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 182,659,684.27
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,836
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 102,680.71
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,665,842.69
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.00695480 % 10.08244200 % 1.91060340 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.56928980 % 10.45038270 % 1.98032750 %
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 8.47798199
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.44
POOL TRADING FACTOR: 61.27381149
................................................................................
Run: 07/28/99 12:27:59 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QPCR3(POOL # 3359)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 3359
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A 25,117,531.34 6,696,994.78 7.989844 % 317,102.96
R 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
25,117,531.34 6,696,994.78 317,102.96
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A 43,975.01 361,077.97 0.00 0.00 6,379,891.82
R 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------
43,975.01 361,077.97 0.00 0.00 6,379,891.82
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A 266.626313 12.624766 1.750770 14.375536 0.000000 254.001547
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:27:59 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 2,050.86
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 298.13
SUBSERVICER ADVANCES THIS MONTH 854.56
MASTER SERVICER ADVANCES THIS MONTH 314.60
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 1 112,194.80
(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 6,379,891.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 52
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 44,190.63
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 311,122.52
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 8.30336757
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.88
POOL TRADING FACTOR: 25.40015471
................................................................................
Run: 07/28/99 12:30:09 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-QS13(POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4277
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FNS8 31,499,000.00 16,900,471.29 7.250000 % 710,652.68
A-2 76110FNT6 30,750,000.00 0.00 7.250000 % 0.00
A-3 76110FNU3 40,799,000.00 33,299,911.65 7.250000 % 1,861,955.93
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 62,095,989.39 7.250000 % 159,163.84
A-8 76110FNZ2 15,495,000.00 0.00 7.250000 % 0.00
A-9 76110FPA5 68,339,000.00 44,980,288.58 7.000000 % 1,891,388.83
A-10 76110fPB3 0.00 0.00 7.250000 % 0.00
A-11 76110FPC1 100,038,312.00 64,732,358.80 0.000000 % 1,757,098.69
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 2.870000 % 0.00
A-14 76110FPF4 0.00 0.00 11.630000 % 0.00
A-15 76110FPG2 26,249,000.00 14,083,636.63 7.000000 % 592,206.81
A-16 76110FPH0 2,386,273.00 1,280,330.76 10.000000 % 53,836.99
A-17 76110FPJ6 139,012.74 130,568.02 0.000000 % 141.15
A-18-1 0.00 0.00 0.911088 % 0.00
A-18-2 0.00 0.00 0.629764 % 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 16,033,833.23 7.250000 % 25,559.46
M-2 76110FPP2 5,422,000.00 5,344,282.51 7.250000 % 8,519.30
M-3 76110FPQ0 6,507,000.00 6,413,730.43 7.250000 % 10,224.10
B-1 76110FPR8 2,386,000.00 2,351,799.72 7.250000 % 3,748.99
B-2 76110FPS6 1,085,000.00 1,069,447.91 7.250000 % 1,704.80
B-3 76110FPT4 1,952,210.06 1,924,227.71 7.250000 % 3,067.40
- -------------------------------------------------------------------------------
433,792,422.80 292,120,291.63 7,079,268.97
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 102,078.76 812,731.44 0.00 0.00 16,189,818.61
A-2 0.00 0.00 0.00 0.00 0.00
A-3 201,131.30 2,063,087.23 0.00 0.00 31,437,955.72
A-4 40,739.76 40,739.76 0.00 0.00 6,745,000.00
A-5 25,581.89 25,581.89 0.00 0.00 4,235,415.00
A-6 63,413.91 63,413.91 0.00 0.00 10,499,000.00
A-7 375,059.46 534,223.30 0.00 0.00 61,936,825.55
A-8 0.00 0.00 0.00 0.00 0.00
A-9 262,312.42 2,153,701.25 0.00 0.00 43,088,899.75
A-10 9,368.30 9,368.30 0.00 0.00 0.00
A-11 0.00 1,757,098.69 0.00 0.00 62,975,260.11
A-12 195,491.56 195,491.56 0.00 0.00 0.00
A-13 38,693.85 38,693.85 0.00 0.00 0.00
A-14 156,797.71 156,797.71 0.00 0.00 0.00
A-15 82,131.82 674,338.63 0.00 0.00 13,491,429.82
A-16 10,666.47 64,503.46 0.00 0.00 1,226,493.77
A-17 0.00 141.15 0.00 0.00 130,426.87
A-18-1 170,277.96 170,277.96 0.00 0.00 0.00
A-18-2 35,563.44 35,563.44 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 96,844.28 122,403.74 0.00 0.00 16,008,273.77
M-2 32,279.44 40,798.74 0.00 0.00 5,335,763.21
M-3 38,738.90 48,963.00 0.00 0.00 6,403,506.33
B-1 14,204.86 17,953.85 0.00 0.00 2,348,050.73
B-2 6,459.46 8,164.26 0.00 0.00 1,067,743.11
B-3 11,622.32 14,689.72 0.00 0.00 1,844,666.39
- -------------------------------------------------------------------------------
1,969,457.87 9,048,726.84 0.00 0.00 284,964,528.74
===============================================================================
Run: 07/28/99 12:30:09
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-1 536.539931 22.561119 3.240698 25.801817 0.000000 513.978812
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 816.194310 45.637293 4.929810 50.567103 0.000000 770.557017
A-4 1000.000000 0.000000 6.039994 6.039994 0.000000 1000.000000
A-5 1000.000000 0.000000 6.039996 6.039996 0.000000 1000.000000
A-6 1000.000000 0.000000 6.039995 6.039995 0.000000 1000.000000
A-7 985.666271 2.526450 5.953419 8.479869 0.000000 983.139821
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 658.193544 27.676566 3.838400 31.514966 0.000000 630.516978
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 647.075680 17.564258 0.000000 17.564258 0.000000 629.511423
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-15 536.539930 22.561119 3.128950 25.690069 0.000000 513.978812
A-16 536.539935 22.561119 4.469929 27.031048 0.000000 513.978816
A-17 939.252187 1.015375 0.000000 1.015375 0.000000 938.236812
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-1 985.666271 1.571246 5.953420 7.524666 0.000000 984.095025
M-2 985.666269 1.571247 5.953419 7.524666 0.000000 984.095022
M-3 985.666272 1.571246 5.953419 7.524665 0.000000 984.095025
B-1 985.666270 1.571245 5.953420 7.524665 0.000000 984.095025
B-2 985.666276 1.571244 5.953419 7.524663 0.000000 984.095032
B-3 985.666322 1.571245 5.953417 7.524662 0.000000 944.911832
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:09 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 59,911.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 47,987.56
MASTER SERVICER ADVANCES THIS MONTH 340.03
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 4,094,119.36
(B) TWO MONTHLY PAYMENTS: 13 1,636,766.56
(C) THREE OR MORE MONTHLY PAYMENTS: 6 388,424.78
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 210,746.95
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 284,964,528.74
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,647
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 44,448.20
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,330,723.85
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 244,172.92
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.65120280 % 9.51809100 % 1.83070670 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.41149870 % 9.73719201 % 1.84685060 %
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 8.37248917
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 333.75
POOL TRADING FACTOR: 65.69144913
................................................................................
Run: 07/28/99 12:30:11 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 16,564,772.44 7.000000 % 3,614,019.82
A-2 76110FPV9 117,395,000.00 65,144,682.61 7.000000 % 3,953,702.46
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 1.127043 % 0.00
A-6-2 0.00 0.00 0.941233 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,205,420.35 7.000000 % 14,504.93
M-2 76110FQD8 4,054,000.00 4,001,830.10 7.000000 % 5,180.19
M-3 76110FQE6 4,865,000.00 4,802,393.51 7.000000 % 6,216.49
B-1 76110FQF3 1,783,800.00 1,760,844.72 7.000000 % 2,279.34
B-2 76110FQG1 810,800.00 800,366.02 7.000000 % 1,036.04
B-3 76110FQH9 1,459,579.11 1,440,820.98 7.000000 % 1,865.08
- -------------------------------------------------------------------------------
324,327,779.11 224,003,130.73 7,598,804.35
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 96,600.40 3,710,620.22 0.00 0.00 12,950,752.62
A-2 379,902.74 4,333,605.20 0.00 0.00 61,190,980.15
A-3 299,631.56 299,631.56 0.00 0.00 51,380,000.00
A-4 10,858.59 10,858.59 0.00 0.00 1,862,000.00
A-5 379,292.26 379,292.26 0.00 0.00 65,040,000.00
A-6-1 160,273.89 160,273.89 0.00 0.00 0.00
A-6-2 41,799.12 41,799.12 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,346.39 79,851.32 0.00 0.00 11,190,915.42
M-2 23,337.38 28,517.57 0.00 0.00 3,996,649.91
M-3 28,006.00 34,222.49 0.00 0.00 4,796,177.02
B-1 10,268.67 12,548.01 0.00 0.00 1,758,565.38
B-2 4,667.47 5,703.51 0.00 0.00 799,329.98
B-3 8,402.40 10,267.48 0.00 0.00 1,438,955.90
- -------------------------------------------------------------------------------
1,508,386.87 9,107,191.22 0.00 0.00 216,404,326.38
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 257.512863 56.182878 1.501732 57.684610 0.000000 201.329985
A-2 554.918716 33.678627 3.236107 36.914734 0.000000 521.240088
A-3 1000.000000 0.000000 5.831677 5.831677 0.000000 1000.000000
A-4 1000.000000 0.000000 5.831681 5.831681 0.000000 1000.000000
A-5 1000.000000 0.000000 5.831677 5.831677 0.000000 1000.000000
A-6-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 987.131247 1.277799 5.756630 7.034429 0.000000 985.853448
M-2 987.131253 1.277797 5.756630 7.034427 0.000000 985.853456
M-3 987.131246 1.277799 5.756629 7.034428 0.000000 985.853447
B-1 987.131248 1.277800 5.756626 7.034426 0.000000 985.853448
B-2 987.131253 1.277800 5.756623 7.034423 0.000000 985.853453
B-3 987.148261 1.277820 5.756728 7.034548 0.000000 985.870440
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:11 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 46,031.23
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 52,613.62
MASTER SERVICER ADVANCES THIS MONTH 1,707.35
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 4,387,547.68
(B) TWO MONTHLY PAYMENTS: 14 1,596,838.82
(C) THREE OR MORE MONTHLY PAYMENTS: 4 496,495.85
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 508,908.20
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 216,404,326.38
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,996
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 237,596.11
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,308,842.07
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 118,380.27
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.28065170 % 8.93275200 % 1.78659630 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.91861640 % 9.23444678 % 1.84693690 %
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 8.36272820
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.03
POOL TRADING FACTOR: 66.72395654
................................................................................
Run: 07/28/99 12:30:12 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS2(POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4284
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FQJ5 20,000,000.00 9,621,668.90 6.750000 % 501,369.86
A-2 76110FQK2 158,282,400.00 76,147,042.23 6.500000 % 3,967,901.23
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 22,726,363.63 5.692500 % 780,798.32
A-5 76110FQN6 0.00 0.00 3.333275 % 0.00
A-6 76110FQP1 13,504,750.00 7,836,105.55 5.592500 % 273,848.22
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 134,486.29 0.000000 % 3,353.75
A-9-1 0.00 0.00 1.055698 % 0.00
A-9-2 0.00 0.00 0.746273 % 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 17,142,753.02 7.000000 % 13,026.38
M-2 76110FQW6 5,422,000.00 5,356,986.82 7.000000 % 4,070.65
M-3 76110FQX4 5,422,000.00 5,356,986.82 7.000000 % 4,070.65
B-1 76110FQY2 2,385,700.00 2,357,093.97 7.000000 % 1,791.10
B-2 76110FQZ9 1,084,400.00 1,071,397.39 7.000000 % 814.13
B-3 76110FRA3 1,952,351.82 1,928,941.84 7.000000 % 1,465.76
- -------------------------------------------------------------------------------
433,770,084.51 319,017,726.46 5,552,510.05
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 54,107.18 555,477.04 0.00 0.00 9,120,299.04
A-2 412,351.03 4,380,252.26 0.00 0.00 72,179,141.00
A-3 464,408.72 464,408.72 0.00 0.00 82,584,000.00
A-4 107,778.88 888,577.20 0.00 0.00 21,945,565.31
A-5 84,871.18 84,871.18 0.00 0.00 0.00
A-6 36,509.59 310,357.81 0.00 0.00 7,562,257.33
A-7 505,926.85 505,926.85 0.00 0.00 86,753,900.00
A-8 0.00 3,353.75 0.00 0.00 131,132.54
A-9-1 205,147.72 205,147.72 0.00 0.00 0.00
A-9-2 53,322.40 53,322.40 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 99,972.21 112,998.59 0.00 0.00 17,129,726.64
M-2 31,240.60 35,311.25 0.00 0.00 5,352,916.17
M-3 31,240.60 35,311.25 0.00 0.00 5,352,916.17
B-1 13,745.97 15,537.07 0.00 0.00 2,355,302.87
B-2 6,248.12 7,062.25 0.00 0.00 1,070,583.26
B-3 11,249.10 12,714.86 0.00 0.00 1,927,476.08
- -------------------------------------------------------------------------------
2,118,120.15 7,670,630.20 0.00 0.00 313,465,216.41
===============================================================================
Run: 07/28/99 12:30:12
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-1 481.083445 25.068493 2.705359 27.773852 0.000000 456.014952
A-2 481.083445 25.068493 2.605160 27.673653 0.000000 456.014952
A-3 1000.000000 0.000000 5.623471 5.623471 0.000000 1000.000000
A-4 584.392792 20.077691 2.771460 22.849151 0.000000 564.315101
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 580.248102 20.277918 2.703463 22.981381 0.000000 559.970183
A-7 1000.000000 0.000000 5.831748 5.831748 0.000000 1000.000000
A-8 969.391497 24.174187 0.000000 24.174187 0.000000 945.217310
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-1 988.009372 0.750765 5.761821 6.512586 0.000000 987.258607
M-2 988.009373 0.750765 5.761822 6.512587 0.000000 987.258608
M-3 988.009373 0.750765 5.761822 6.512587 0.000000 987.258608
B-1 988.009377 0.750765 5.761818 6.512583 0.000000 987.258612
B-2 988.009397 0.750765 5.761822 6.512587 0.000000 987.258632
B-3 988.009344 0.750766 5.761820 6.512586 0.000000 987.258577
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:12 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 65,746.47
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 78,004.87
MASTER SERVICER ADVANCES THIS MONTH 1,214.63
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 49 5,537,100.39
(B) TWO MONTHLY PAYMENTS: 11 1,601,809.38
(C) THREE OR MORE MONTHLY PAYMENTS: 9 1,250,939.10
FORECLOSURES
NUMBER OF LOANS 17
AGGREGATE PRINCIPAL BALANCE 2,006,001.05
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 313,465,216.41
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,792
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 161,715.79
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,310,042.04
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.58422530 % 8.73571400 % 1.68006110 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.40781650 % 8.87995143 % 1.70851580 %
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 8.24969101
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.75
POOL TRADING FACTOR: 72.26529159
................................................................................
Run: 07/28/99 12:41:40 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 90,991,952.05 6.500000 % 1,630,197.90
A-2 76110FRC9 34,880,737.00 20,831,806.92 6.500000 % 402,451.39
A-3-1 0.00 0.00 1.247903 % 0.00
A-3-2 0.00 0.00 1.002342 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,725,402.15 6.500000 % 13,597.95
M-2 76110FRG0 785,100.00 744,795.86 6.500000 % 2,718.55
M-3 76110FRH8 707,000.00 670,705.22 6.500000 % 2,448.12
B-1 76110FRJ4 471,200.00 447,010.30 6.500000 % 1,631.62
B-2 76110FRK1 314,000.00 297,880.40 6.500000 % 1,087.28
B-3 76110FRL9 471,435.62 412,173.04 6.500000 % 1,504.45
- -------------------------------------------------------------------------------
157,074,535.62 118,121,725.94 2,055,637.26
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 492,433.42 2,122,631.32 0.00 0.00 89,361,754.15
A-2 112,738.30 515,189.69 0.00 0.00 20,429,355.53
A-3-1 97,229.79 97,229.79 0.00 0.00 0.00
A-3-2 20,480.24 20,480.24 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,161.26 33,759.21 0.00 0.00 3,711,804.20
M-2 4,030.71 6,749.26 0.00 0.00 742,077.31
M-3 3,629.75 6,077.87 0.00 0.00 668,257.10
B-1 2,419.15 4,050.77 0.00 0.00 445,378.68
B-2 1,612.08 2,699.36 0.00 0.00 296,793.12
B-3 2,230.61 3,735.06 0.00 0.00 410,668.59
- -------------------------------------------------------------------------------
756,965.31 2,812,602.57 0.00 0.00 116,066,088.68
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 787.686605 14.112073 4.262830 18.374903 0.000000 773.574532
A-2 597.229552 11.537927 3.232108 14.770035 0.000000 585.691625
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-1 948.663649 3.462681 5.134011 8.596692 0.000000 945.200968
M-2 948.663686 3.462680 5.134008 8.596688 0.000000 945.201006
M-3 948.663678 3.462687 5.134017 8.596704 0.000000 945.200990
B-1 948.663625 3.462691 5.134020 8.596711 0.000000 945.200934
B-2 948.663694 3.462675 5.134013 8.596688 0.000000 945.201019
B-3 874.293376 3.191210 4.731526 7.922736 0.000000 871.102167
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:40 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 24,522.60
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 17,092.22
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 17 1,602,405.37
(B) TWO MONTHLY PAYMENTS: 1 48,755.20
(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 116,066,088.68
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,318
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 1,624,485.60
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 94.66824000 % 4.35220800 % 0.97955200 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 94.59361550 % 4.41312244 % 0.99326200 %
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 7.97629500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 156.23
POOL TRADING FACTOR: 73.89236468
................................................................................
Run: 07/28/99 12:41:41 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 74,198,905.90 6.500000 % 3,660,957.18
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 26,016,281.46 5.592500 % 915,239.30
A-I-4 76110FRQ8 0.00 0.00 3.407500 % 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 59,350,207.17 7.000000 % 1,054,196.55
A-V-1 0.00 0.00 0.892511 % 0.00
A-V-2 0.00 0.00 0.635745 % 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 14,020,446.86 7.000000 % 10,823.40
M-2 76110FRY1 5,067,800.00 5,007,245.99 7.000000 % 3,865.46
M-3 76110FRZ8 5,067,800.00 5,007,245.99 7.000000 % 3,865.46
B-1 76110FSA2 2,230,000.00 2,203,354.21 7.000000 % 1,700.93
B-2 76110FSB0 1,216,400.00 1,201,865.51 7.000000 % 927.81
B-3 76110FSC8 1,621,792.30 1,602,413.90 7.000000 % 1,237.02
- -------------------------------------------------------------------------------
405,421,992.30 313,208,411.99 5,652,813.11
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 401,782.03 4,062,739.21 0.00 0.00 70,537,948.72
A-I-2 335,887.40 335,887.40 0.00 0.00 59,732,445.00
A-I-3 121,207.88 1,036,447.18 0.00 0.00 25,101,042.16
A-I-4 73,851.74 73,851.74 0.00 0.00 0.00
A-I-5 378,275.49 378,275.49 0.00 0.00 64,868,000.00
A-II 346,209.54 1,400,406.09 0.00 0.00 58,296,010.62
A-V-1 185,501.17 185,501.17 0.00 0.00 0.00
A-V-2 33,748.50 33,748.50 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 81,909.24 92,732.64 0.00 0.00 14,009,623.46
M-2 29,252.97 33,118.43 0.00 0.00 5,003,380.53
M-3 29,252.97 33,118.43 0.00 0.00 5,003,380.53
B-1 12,872.28 14,573.21 0.00 0.00 2,201,653.28
B-2 7,021.45 7,949.26 0.00 0.00 1,200,937.70
B-3 9,361.50 10,598.52 0.00 0.00 1,601,176.90
- -------------------------------------------------------------------------------
2,046,134.16 7,698,947.27 0.00 0.00 307,555,598.90
===============================================================================
Run: 07/28/99 12:41:41
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-1 549.595470 27.116916 2.976022 30.092938 0.000000 522.478555
A-I-2 1000.000000 0.000000 5.623199 5.623199 0.000000 1000.000000
A-I-3 631.185007 22.204761 2.940643 25.145404 0.000000 608.980246
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.831465 5.831465 0.000000 1000.000000
A-II 789.199994 14.018012 4.603667 18.621679 0.000000 775.181982
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-1 988.051223 0.762748 5.772322 6.535070 0.000000 987.288475
M-2 988.051223 0.762749 5.772321 6.535070 0.000000 987.288474
M-3 988.051223 0.762749 5.772321 6.535070 0.000000 987.288474
B-1 988.051215 0.762749 5.772322 6.535071 0.000000 987.288466
B-2 988.051225 0.762751 5.772320 6.535071 0.000000 987.288474
B-3 988.051244 0.762749 5.772319 6.535068 0.000000 987.288508
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:41 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 64,544.96
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,493.91
SUBSERVICER ADVANCES THIS MONTH 70,990.29
MASTER SERVICER ADVANCES THIS MONTH 4,170.83
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 55 7,089,647.18
(B) TWO MONTHLY PAYMENTS: 6 617,207.50
(C) THREE OR MORE MONTHLY PAYMENTS: 7 639,891.49
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,334,581.94
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 307,555,598.90
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,741
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 542,507.15
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,411,101.08
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.72739700 % 7.67378500 % 1.59881840 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.56425810 % 7.80879444 % 1.62694740 %
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 8.17076600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.44
POOL TRADING FACTOR: 75.86061061
................................................................................
Run: 07/28/99 12:30:15 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 86,340,188.93 6.750000 % 4,192,718.99
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 1.062068 % 0.00
A-6-2 0.00 0.00 0.865662 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,506,996.87 6.750000 % 9,591.58
M-2 76110FSM6 4,216,900.00 4,168,998.95 6.750000 % 3,197.19
M-3 76110FSN4 4,392,600.00 4,342,703.12 6.750000 % 3,330.41
B-1 76110FSP9 1,757,100.00 1,737,140.57 6.750000 % 1,332.21
B-2 76110FSQ7 1,054,300.00 1,042,323.89 6.750000 % 799.35
B-3 76110FSR5 1,405,623.28 1,389,656.37 6.750000 % 1,065.72
- -------------------------------------------------------------------------------
351,405,323.28 285,905,008.70 4,212,035.45
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 485,558.55 4,678,277.54 0.00 0.00 82,147,469.94
A-2 427,050.45 427,050.45 0.00 0.00 75,936,500.00
A-3 98,336.36 98,336.36 0.00 0.00 17,485,800.00
A-4 74,035.43 74,035.43 0.00 0.00 13,164,700.00
A-5 381,236.30 381,236.30 0.00 0.00 67,790,000.00
A-6-1 193,332.87 193,332.87 0.00 0.00 0.00
A-6-2 48,622.77 48,622.77 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 70,336.65 79,928.23 0.00 0.00 12,497,405.29
M-2 23,445.55 26,642.74 0.00 0.00 4,165,801.76
M-3 24,422.43 27,752.84 0.00 0.00 4,339,372.71
B-1 9,769.31 11,101.52 0.00 0.00 1,735,808.36
B-2 5,861.80 6,661.15 0.00 0.00 1,041,524.54
B-3 7,815.13 8,880.85 0.00 0.00 1,388,590.65
- -------------------------------------------------------------------------------
1,849,823.60 6,061,859.05 0.00 0.00 281,692,973.25
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 569.710453 27.665400 3.203928 30.869328 0.000000 542.045054
A-2 1000.000000 0.000000 5.623784 5.623784 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623784 5.623784 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623784 5.623784 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623784 5.623784 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-1 988.640697 0.758186 5.559902 6.318088 0.000000 987.882512
M-2 988.640696 0.758185 5.559902 6.318087 0.000000 987.882511
M-3 988.640696 0.758186 5.559903 6.318089 0.000000 987.882509
B-1 988.640698 0.758187 5.559906 6.318093 0.000000 987.882511
B-2 988.640700 0.758181 5.559898 6.318079 0.000000 987.882519
B-3 988.640690 0.758169 5.559904 6.318073 0.000000 987.882507
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:15 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 59,022.78
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,031.65
SUBSERVICER ADVANCES THIS MONTH 62,195.62
MASTER SERVICER ADVANCES THIS MONTH 1,197.36
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 50 6,207,395.84
(B) TWO MONTHLY PAYMENTS: 4 410,521.28
(C) THREE OR MORE MONTHLY PAYMENTS: 9 907,112.35
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 897,435.12
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 281,692,973.25
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,351
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 157,023.02
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,992,775.78
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.19014390 % 7.35163700 % 1.45821890 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.06527120 % 7.45584085 % 1.47888800 %
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 8.09293617
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 339.59
POOL TRADING FACTOR: 80.16184007
................................................................................
Run: 07/28/99 12:41:42 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 16,407,154.83 6.750000 % 351,867.20
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 9,066,937.25 6.750000 % 675,585.02
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 105,700,526.33 6.750000 % 2,876,743.06
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 54,318,483.04 6.750000 % 1,606,062.06
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 7,104,498.60 6.750000 % 178,338.39
A-P 76110FTE3 57,464.36 54,762.32 0.000000 % 1,761.11
A-V-1 0.00 0.00 1.011664 % 0.00
A-V-2 0.00 0.00 0.762258 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 12,926,064.54 6.750000 % 9,821.77
M-2 76110FTH6 5,029,000.00 4,971,525.27 6.750000 % 3,777.57
M-3 76110FTJ2 4,224,500.00 4,176,219.63 6.750000 % 3,173.27
B-1 76110FTK9 2,011,600.00 1,988,610.11 6.750000 % 1,511.03
B-2 76110FTL7 1,207,000.00 1,193,205.61 6.750000 % 906.65
B-3 76110FTM5 1,609,449.28 1,591,055.36 6.750000 % 1,208.95
- -------------------------------------------------------------------------------
402,311,611.64 331,227,165.89 5,710,756.08
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 92,235.66 444,102.86 0.00 0.00 16,055,287.63
CB-2 221,005.33 221,005.33 0.00 0.00 39,313,092.00
CB-3 77,657.26 77,657.26 0.00 0.00 13,813,906.00
CB-4 50,971.35 726,556.37 0.00 0.00 8,391,352.23
CB-5 115,244.29 115,244.29 0.00 0.00 20,500,000.00
CB-6 594,213.75 3,470,956.81 0.00 0.00 102,823,783.27
CB-7 159,872.64 159,872.64 0.00 0.00 28,438,625.00
NB-1 305,503.05 1,911,565.11 0.00 0.00 52,712,420.98
NB-2 0.00 0.00 0.00 0.00 0.00
NB-3 54,344.72 54,344.72 0.00 0.00 9,662,500.00
NB-4 39,957.77 218,296.16 0.00 0.00 6,926,160.21
A-P 0.00 1,761.11 0.00 0.00 53,001.21
A-V-1 215,507.80 215,507.80 0.00 0.00 0.00
A-V-2 47,902.72 47,902.72 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 72,668.94 82,490.71 0.00 0.00 12,916,242.77
M-2 27,949.38 31,726.95 0.00 0.00 4,967,747.70
M-3 23,478.26 26,651.53 0.00 0.00 4,173,046.36
B-1 11,179.75 12,690.78 0.00 0.00 1,987,099.08
B-2 6,708.07 7,614.72 0.00 0.00 1,192,298.96
B-3 8,944.75 10,153.70 0.00 0.00 1,589,846.43
- -------------------------------------------------------------------------------
2,125,345.49 7,836,101.57 0.00 0.00 325,516,409.83
===============================================================================
Run: 07/28/99 12:41:42
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-1 813.267069 17.441294 4.571922 22.013216 0.000000 795.825776
CB-2 1000.000000 0.000000 5.621673 5.621673 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.621673 5.621673 0.000000 1000.000000
CB-4 556.253819 41.446934 3.127077 44.574011 0.000000 514.806885
CB-5 1000.000000 0.000000 5.621673 5.621673 0.000000 1000.000000
CB-6 774.362830 21.075041 4.353214 25.428255 0.000000 753.287790
CB-7 1000.000000 0.000000 5.621673 5.621673 0.000000 1000.000000
NB-1 715.653824 21.160099 4.025047 25.185146 0.000000 694.493725
NB-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-3 1000.000000 0.000000 5.624292 5.624292 0.000000 1000.000000
NB-4 710.449860 17.833839 3.995777 21.829616 0.000000 692.616021
A-P 952.978855 30.646982 0.000000 30.646982 0.000000 922.331873
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-1 988.571339 0.751158 5.557641 6.308799 0.000000 987.820181
M-2 988.571340 0.751157 5.557642 6.308799 0.000000 987.820183
M-3 988.571341 0.751159 5.557642 6.308801 0.000000 987.820182
B-1 988.571341 0.751158 5.557641 6.308799 0.000000 987.820183
B-2 988.571342 0.751160 5.557639 6.308799 0.000000 987.820182
B-3 988.571296 0.751158 5.557646 6.308804 0.000000 987.820152
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:42 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 68,457.44
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,269.12
SUBSERVICER ADVANCES THIS MONTH 53,424.71
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 4,556,026.83
(B) TWO MONTHLY PAYMENTS: 7 1,532,768.89
(C) THREE OR MORE MONTHLY PAYMENTS: 4 431,848.25
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 740,098.54
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 325,516,409.84
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,646
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 5,457,425.45
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.89344270 % 6.66425100 % 1.44096610 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.75751230 % 6.77601379 % 1.46537040 %
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 8.03267100
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.37
POOL TRADING FACTOR: 80.91151247
................................................................................
Run: 07/28/99 12:41:42 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 172,668,000.00 133,877,505.50 6.750000 % 4,256,614.00
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 28,849,029.84 6.750000 % 2,174,139.42
NB-2 76110FUD3 77,840,000.00 49,965,388.98 6.750000 % 1,038,451.31
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 72,548.58 0.000000 % 2,983.97
A-V 76110FUG6 0.00 0.00 0.943098 % 0.00
R 76110FUH4 100.00 0.00 6.750000 % 0.00
M-1 76110FUJ0 13,245,900.00 13,127,048.78 6.750000 % 9,888.82
M-2 76110FUK5 5,094,600.00 5,048,887.78 6.750000 % 3,803.41
M-3 76110FUM3 4,279,400.00 4,241,002.31 6.750000 % 3,194.82
B-1 76110FUN1 2,037,800.00 2,019,515.48 6.750000 % 1,521.33
B-2 76110FUP6 1,222,600.00 1,211,630.00 6.750000 % 912.74
B-3 76110FUQ4 1,631,527.35 1,616,888.19 6.750000 % 1,218.03
- -------------------------------------------------------------------------------
407,565,332.24 333,479,445.44 7,492,727.85
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 752,843.04 5,009,457.04 0.00 0.00 129,620,891.50
CB-2 199,916.51 199,916.51 0.00 0.00 35,551,000.00
CB-3 248,637.41 248,637.41 0.00 0.00 44,215,000.00
NB-1 162,252.26 2,336,391.68 0.00 0.00 26,674,890.42
NB-2 281,014.56 1,319,465.87 0.00 0.00 48,926,937.67
NB-3 0.00 0.00 0.00 0.00 0.00
NB-4 76,961.34 76,961.34 0.00 0.00 13,684,000.00
A-P 0.00 2,983.97 0.00 0.00 69,564.61
A-V 262,022.09 262,022.09 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,819.16 83,707.98 0.00 0.00 13,117,159.96
M-2 28,392.11 32,195.52 0.00 0.00 5,045,084.37
M-3 23,849.02 27,043.84 0.00 0.00 4,237,807.49
B-1 11,356.62 12,877.95 0.00 0.00 2,017,994.15
B-2 6,813.53 7,726.27 0.00 0.00 1,210,717.26
B-3 9,092.48 10,310.51 0.00 0.00 1,615,670.17
- -------------------------------------------------------------------------------
2,136,970.13 9,629,697.98 0.00 0.00 325,986,717.60
===============================================================================
Run: 07/28/99 12:41:42
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-1 775.346361 24.652014 4.360061 29.012075 0.000000 750.694347
CB-2 1000.000000 0.000000 5.623372 5.623372 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.623372 5.623372 0.000000 1000.000000
NB-1 894.765518 67.431903 5.032326 72.464229 0.000000 827.333615
NB-2 641.898625 13.340844 3.610156 16.951000 0.000000 628.557781
NB-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-4 1000.000000 0.000000 5.624184 5.624184 0.000000 1000.000000
A-P 988.334428 40.650806 0.000000 40.650806 0.000000 947.683622
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-1 991.027320 0.746557 5.572982 6.319539 0.000000 990.280763
M-2 991.027319 0.746557 5.572981 6.319538 0.000000 990.280762
M-3 991.027319 0.746558 5.572982 6.319540 0.000000 990.280761
B-1 991.027324 0.746555 5.572981 6.319536 0.000000 990.280769
B-2 991.027319 0.746557 5.572984 6.319541 0.000000 990.280762
B-3 991.027328 0.746558 5.572987 6.319545 0.000000 990.280775
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:42 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 68,761.43
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,757.83
SUBSERVICER ADVANCES THIS MONTH 41,803.03
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 3,741,447.15
(B) TWO MONTHLY PAYMENTS: 3 691,019.47
(C) THREE OR MORE MONTHLY PAYMENTS: 3 406,450.77
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 911,442.97
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 325,986,717.60
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,477
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,241,495.00
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.82231300 % 6.72213500 % 1.45377290 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.64068750 % 6.87146151 % 1.48638440 %
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 8.01985200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.79
POOL TRADING FACTOR: 79.98391713
................................................................................
Run: 07/28/99 12:41:43 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 124,454,000.00 106,410,108.38 6.500000 % 1,238,365.01
NB 76110FTP8 41,430,000.00 31,348,389.28 6.500000 % 402,805.06
A-P 76110FTQ6 63,383.01 60,515.95 0.000000 % 233.22
A-V 76110FTV5 0.00 0.00 0.936007 % 0.00
R 76110FTR4 100.00 0.00 6.500000 % 0.00
M-1 76110FTS2 4,507,000.00 4,334,291.17 6.500000 % 15,240.28
M-2 76110FTT0 780,000.00 750,110.30 6.500000 % 2,637.55
M-3 76110FTU7 693,500.00 666,924.98 6.500000 % 2,345.05
B-1 76110FTW3 520,000.00 500,073.54 6.500000 % 1,758.36
B-2 76110FTX1 433,500.00 416,888.22 6.500000 % 1,465.87
B-3 76110FTY9 433,464.63 416,854.22 6.500000 % 1,465.73
- -------------------------------------------------------------------------------
173,314,947.64 144,904,156.04 1,666,316.13
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 575,851.58 1,814,216.59 0.00 0.00 105,171,743.37
NB 169,645.72 572,450.78 0.00 0.00 30,945,584.22
A-P 0.00 233.22 0.00 0.00 60,282.73
A-V 112,920.90 112,920.90 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 23,455.56 38,695.84 0.00 0.00 4,319,050.89
M-2 4,059.32 6,696.87 0.00 0.00 747,472.75
M-3 3,609.15 5,954.20 0.00 0.00 664,579.93
B-1 2,706.21 4,464.57 0.00 0.00 498,315.18
B-2 2,256.04 3,721.91 0.00 0.00 415,422.35
B-3 2,255.86 3,721.59 0.00 0.00 415,388.48
- -------------------------------------------------------------------------------
896,760.34 2,563,076.47 0.00 0.00 143,237,839.90
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 855.015575 9.950383 4.627023 14.577406 0.000000 845.065192
NB 756.659167 9.722546 4.094755 13.817301 0.000000 746.936621
A-P 954.766112 3.679538 0.000000 3.679538 0.000000 951.086574
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-1 961.679869 3.381469 5.204251 8.585720 0.000000 958.298400
M-2 961.679872 3.381474 5.204256 8.585730 0.000000 958.298397
M-3 961.679856 3.381471 5.204254 8.585725 0.000000 958.298385
B-1 961.679885 3.381462 5.204250 8.585712 0.000000 958.298423
B-2 961.679862 3.381476 5.204245 8.585721 0.000000 958.298385
B-3 961.679895 3.381429 5.204254 8.585683 0.000000 958.298443
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:43 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 30,057.57
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,170.47
SUBSERVICER ADVANCES THIS MONTH 11,530.79
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 9 1,109,359.99
(B) TWO MONTHLY PAYMENTS: 1 88,597.85
(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 143,237,839.90
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,540
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 1,156,784.39
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.10842010 % 3.96905600 % 0.92048150 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.06889930 % 4.00111002 % 0.92830610 %
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 7.76005700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 161.08
POOL TRADING FACTOR: 82.64598169
................................................................................
Run: 07/28/99 12:30:18 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS10(POOL # 4313)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4313
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FUR2 25,000,000.00 18,908,384.33 6.750000 % 680,224.63
A-2 76110FUS0 29,011,000.00 7,455,939.67 6.750000 % 2,406,961.27
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 16,051,686.22 6.750000 % 11,824.95
A-11 76110FVB6 10,998.00 10,740.63 0.000000 % 70.38
A-12 76110FVC4 0.00 0.00 1.015232 % 0.00
R 76110FVD2 100.00 0.00 6.750000 % 0.00
M-1 76110FVE0 4,827,000.00 4,786,944.86 6.750000 % 3,526.44
M-2 76110FVF7 2,011,300.00 1,994,609.93 6.750000 % 1,469.39
M-3 76110FVG5 2,011,300.00 1,994,609.93 6.750000 % 1,469.39
B-1 76110FVH3 884,900.00 877,556.98 6.750000 % 646.48
B-2 76110FVJ9 482,700.00 478,694.48 6.750000 % 352.64
B-3 76110FVK6 643,577.01 638,236.47 6.750000 % 470.18
- -------------------------------------------------------------------------------
160,885,875.01 133,014,403.50 3,107,015.75
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 106,331.80 786,556.43 0.00 0.00 18,228,159.70
A-2 41,928.67 2,448,889.94 0.00 0.00 5,048,978.40
A-3 69,922.93 69,922.93 0.00 0.00 12,434,000.00
A-4 97,871.85 97,871.85 0.00 0.00 17,404,000.00
A-5 44,037.84 44,037.84 0.00 0.00 7,831,000.00
A-6 77,902.72 77,902.72 0.00 0.00 13,853,000.00
A-7 83,711.81 83,711.81 0.00 0.00 14,886,000.00
A-8 47,288.24 47,288.24 0.00 0.00 8,409,000.00
A-9 28,117.63 28,117.63 0.00 0.00 5,000,000.00
A-10 90,267.08 102,092.03 0.00 0.00 16,039,861.27
A-11 0.00 70.38 0.00 0.00 10,670.25
A-12 112,504.28 112,504.28 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 26,919.51 30,445.95 0.00 0.00 4,783,418.42
M-2 11,216.74 12,686.13 0.00 0.00 1,993,140.54
M-3 11,216.74 12,686.13 0.00 0.00 1,993,140.54
B-1 4,934.97 5,581.45 0.00 0.00 876,910.50
B-2 2,691.95 3,044.59 0.00 0.00 478,341.84
B-3 3,589.14 4,059.32 0.00 0.00 637,766.29
- -------------------------------------------------------------------------------
860,453.90 3,967,469.65 0.00 0.00 129,907,387.75
===============================================================================
Run: 07/28/99 12:30:18
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-1 756.335373 27.208985 4.253272 31.462257 0.000000 729.126388
A-2 257.003884 82.967194 1.445268 84.412462 0.000000 174.036690
A-3 1000.000000 0.000000 5.623527 5.623527 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623526 5.623526 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623527 5.623527 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623527 5.623527 0.000000 1000.000000
A-7 1000.000000 0.000000 5.623526 5.623526 0.000000 1000.000000
A-8 1000.000000 0.000000 5.623527 5.623527 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623526 5.623526 0.000000 1000.000000
A-10 991.701855 0.730567 5.576861 6.307428 0.000000 990.971288
A-11 976.598472 6.399345 0.000000 6.399345 0.000000 970.199127
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-1 991.701856 0.730566 5.576861 6.307427 0.000000 990.971291
M-2 991.701850 0.730567 5.576861 6.307428 0.000000 990.971282
M-3 991.701850 0.730567 5.576861 6.307428 0.000000 990.971282
B-1 991.701865 0.730568 5.576867 6.307435 0.000000 990.971296
B-2 991.701844 0.730557 5.576859 6.307416 0.000000 990.971287
B-3 991.701786 0.730573 5.576862 6.307435 0.000000 990.971213
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:18 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 27,344.85
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 27,483.44
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 19 3,398,480.54
(B) TWO MONTHLY PAYMENTS: 1 194,407.63
(C) THREE OR MORE MONTHLY PAYMENTS: 1 212,483.73
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 129,907,387.75
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,008
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 3,009,023.58
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.90198790 % 6.59843800 % 1.49957370 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.71440330 % 6.75073193 % 1.53431020 %
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 8.09969005
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 342.72
POOL TRADING FACTOR: 80.74505468
................................................................................
Run: 07/28/99 12:30:18 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 38,201,450.50 6.750000 % 7,466,493.04
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 5.892500 % 0.00
A-9 76110FVU4 3,469,000.00 3,469,000.00 9.322008 % 0.00
A-10 76110FVU2 7,590,000.00 7,227,565.62 6.750000 % 32,281.42
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 77,082.85 0.000000 % 70.05
A-14 76110FVZ3 0.00 0.00 0.939070 % 0.00
R 76110FWA7 100.00 0.00 6.750000 % 0.00
M-1 76110FWB5 11,770,000.00 11,671,289.98 6.750000 % 8,791.94
M-2 76110FWC3 5,349,900.00 5,305,032.66 6.750000 % 3,996.26
M-3 76110FWD1 5,349,900.00 5,305,032.66 6.750000 % 3,996.26
B-1 76110FWE9 2,354,000.00 2,334,258.01 6.750000 % 1,758.39
B-2 76110FWF6 1,284,000.00 1,273,231.62 6.750000 % 959.12
B-3 76110FWG4 1,712,259.01 1,697,898.97 6.750000 % 1,279.02
- -------------------------------------------------------------------------------
427,987,988.79 366,592,842.87 7,519,625.50
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 214,785.15 7,681,278.19 0.00 0.00 30,734,957.46
A-2 241,764.68 241,764.68 0.00 0.00 43,000,000.00
A-3 337,346.07 337,346.07 0.00 0.00 60,000,000.00
A-4 151,805.73 151,805.73 0.00 0.00 27,000,000.00
A-5 295,177.81 295,177.81 0.00 0.00 52,500,000.00
A-6 205,218.86 205,218.86 0.00 0.00 36,500,000.00
A-7 140,560.86 140,560.86 0.00 0.00 25,000,000.00
A-8 51,069.59 51,069.59 0.00 0.00 10,405,000.00
A-9 26,936.08 26,936.08 0.00 0.00 3,469,000.00
A-10 40,636.52 72,917.94 0.00 0.00 7,195,284.20
A-11 42,168.26 42,168.26 0.00 0.00 7,500,000.00
A-12 158,136.59 158,136.59 0.00 0.00 28,126,000.00
A-13 0.00 70.05 0.00 0.00 77,012.80
A-14 286,749.39 286,749.39 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,621.07 74,413.01 0.00 0.00 11,662,498.04
M-2 29,827.20 33,823.46 0.00 0.00 5,301,036.40
M-3 29,827.20 33,823.46 0.00 0.00 5,301,036.40
B-1 13,124.21 14,882.60 0.00 0.00 2,332,499.62
B-2 7,158.66 8,117.78 0.00 0.00 1,272,272.50
B-3 9,546.32 10,825.34 0.00 0.00 1,696,619.95
- -------------------------------------------------------------------------------
2,347,460.25 9,867,085.75 0.00 0.00 359,073,217.37
===============================================================================
Run: 07/28/99 12:30:18
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-1 385.873237 75.419122 2.169547 77.588669 0.000000 310.454116
A-2 1000.000000 0.000000 5.622434 5.622434 0.000000 1000.000000
A-3 1000.000000 0.000000 5.622435 5.622435 0.000000 1000.000000
A-4 1000.000000 0.000000 5.622434 5.622434 0.000000 1000.000000
A-5 1000.000000 0.000000 5.622434 5.622434 0.000000 1000.000000
A-6 1000.000000 0.000000 5.622435 5.622435 0.000000 1000.000000
A-7 1000.000000 0.000000 5.622434 5.622434 0.000000 1000.000000
A-8 1000.000000 0.000000 4.908178 4.908178 0.000000 1000.000000
A-9 1000.000000 0.000000 7.764797 7.764797 0.000000 1000.000000
A-10 952.248435 4.253152 5.353955 9.607107 0.000000 947.995283
A-11 1000.000000 0.000000 5.622435 5.622435 0.000000 1000.000000
A-12 1000.000000 0.000000 5.622434 5.622434 0.000000 1000.000000
A-13 990.403031 0.900041 0.000000 0.900041 0.000000 989.502990
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-1 991.613422 0.746979 5.575282 6.322261 0.000000 990.866444
M-2 991.613425 0.746978 5.575282 6.322260 0.000000 990.866446
M-3 991.613425 0.746978 5.575282 6.322260 0.000000 990.866446
B-1 991.613428 0.746980 5.575280 6.322260 0.000000 990.866449
B-2 991.613411 0.746978 5.575280 6.322258 0.000000 990.866433
B-3 991.613395 0.746978 5.575278 6.322256 0.000000 990.866417
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:18 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 75,594.36
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,644.04
SUBSERVICER ADVANCES THIS MONTH 61,662.21
MASTER SERVICER ADVANCES THIS MONTH 3,282.05
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 39 5,987,598.29
(B) TWO MONTHLY PAYMENTS: 8 1,391,365.86
(C) THREE OR MORE MONTHLY PAYMENTS: 3 328,556.53
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 850,590.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 359,073,217.37
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,773
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 420,890.36
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,243,460.94
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.47324480 % 6.07923500 % 1.44751990 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.32137760 % 6.20056572 % 1.47672650 %
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 8.01473660
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.09
POOL TRADING FACTOR: 83.89796601
................................................................................
Run: 07/28/99 12:30:21 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 52,325,447.92 6.750000 % 5,928,486.85
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 5.729900 % 0.00
A-8 76110FWQ2 5,046,000.00 5,046,000.00 10.029315 % 0.00
A-9 76110FWR0 96,429,000.00 96,429,000.00 6.750000 % 0.00
A-10 76110FWS8 62,872.89 62,132.71 0.000000 % 99.77
A-11 76110FWT6 0.00 0.00 0.887937 % 0.00
R 76110FWU3 100.00 0.00 6.750000 % 0.00
M-1 76110FWV1 13,198,800.00 13,096,930.70 6.750000 % 9,930.66
M-2 76110FWW9 6,000,000.00 5,953,691.56 6.750000 % 4,514.35
M-3 76110FWX7 4,799,500.00 4,762,457.11 6.750000 % 3,611.10
B-1 76110FWY5 2,639,600.00 2,619,227.38 6.750000 % 1,986.01
B-2 76110FWZ2 1,439,500.00 1,428,389.83 6.750000 % 1,083.07
B-3 76110FXA6 1,919,815.88 1,904,998.62 6.750000 % 1,444.45
- -------------------------------------------------------------------------------
479,943,188.77 419,919,275.83 5,951,156.26
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 294,245.64 6,222,732.49 0.00 0.00 46,396,961.07
A-2 269,736.46 269,736.46 0.00 0.00 47,967,000.00
A-3 379,695.95 379,695.95 0.00 0.00 67,521,000.00
A-4 170,646.96 170,646.96 0.00 0.00 30,346,000.00
A-5 256,482.16 256,482.16 0.00 0.00 45,610,000.00
A-6 160,986.00 160,986.00 0.00 0.00 28,628,000.00
A-7 77,422.01 77,422.01 0.00 0.00 16,219,000.00
A-8 42,161.09 42,161.09 0.00 0.00 5,046,000.00
A-9 542,256.49 542,256.49 0.00 0.00 96,429,000.00
A-10 0.00 99.77 0.00 0.00 62,032.94
A-11 310,628.47 310,628.47 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,648.97 83,579.63 0.00 0.00 13,087,000.04
M-2 33,479.85 37,994.20 0.00 0.00 5,949,177.21
M-3 26,781.08 30,392.18 0.00 0.00 4,758,846.01
B-1 14,728.90 16,714.91 0.00 0.00 2,617,241.37
B-2 8,032.37 9,115.44 0.00 0.00 1,427,306.76
B-3 10,712.53 12,156.98 0.00 0.00 1,903,554.17
- -------------------------------------------------------------------------------
2,671,644.93 8,622,801.19 0.00 0.00 413,968,119.57
===============================================================================
Run: 07/28/99 12:30:21
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-1 466.703960 52.877680 2.624452 55.502132 0.000000 413.826280
A-2 1000.000000 0.000000 5.623376 5.623376 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623376 5.623376 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623376 5.623376 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623376 5.623376 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623376 5.623376 0.000000 1000.000000
A-7 1000.000000 0.000000 4.773538 4.773538 0.000000 1000.000000
A-8 1000.000000 0.000000 8.355349 8.355349 0.000000 1000.000000
A-9 1000.000000 0.000000 5.623376 5.623376 0.000000 1000.000000
A-10 988.227358 1.586852 0.000000 1.586852 0.000000 986.640506
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-1 992.281927 0.752391 5.579975 6.332366 0.000000 991.529536
M-2 992.281927 0.752392 5.579975 6.332367 0.000000 991.529535
M-3 992.281927 0.752391 5.579973 6.332364 0.000000 991.529536
B-1 992.281929 0.752391 5.579974 6.332365 0.000000 991.529539
B-2 992.281924 0.752393 5.579972 6.332365 0.000000 991.529531
B-3 992.281937 0.752390 5.579978 6.332368 0.000000 991.529547
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:21 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 86,828.64
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,476.47
SUBSERVICER ADVANCES THIS MONTH 64,684.75
MASTER SERVICER ADVANCES THIS MONTH 1,118.19
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 54 6,535,412.33
(B) TWO MONTHLY PAYMENTS: 4 470,127.14
(C) THREE OR MORE MONTHLY PAYMENTS: 6 1,321,584.13
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 613,867.36
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 413,968,119.57
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,181
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 146,191.55
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,632,745.32
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.91051830 % 5.67171000 % 1.41777170 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.81404010 % 5.74803279 % 1.43706570 %
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 7.96436973
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.93
POOL TRADING FACTOR: 86.25356693
................................................................................
Run: 07/28/99 12:41:44 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 188,037,444.00 171,546,103.95 7.000000 % 3,087,843.23
CB-2 76110FXP8 6,964,350.00 6,353,559.60 0.000000 % 114,364.57
NB-1 76110FXQ1 25,499,800.00 18,400,019.12 6.750000 % 789,677.63
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 11,541,974.70 6.400000 % 412,304.62
NB-8 76110FXX6 20,899,000.00 16,826,673.73 6.100000 % 452,934.31
NB-9 76110FXY4 0.00 0.00 0.650000 % 0.00
A-P 76110FXZ1 58,061.92 57,027.83 0.000000 % 53.77
A-V 76110FYA5 0.00 0.00 0.841679 % 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 8,745,983.14 6.750000 % 6,538.20
M-2 76110FYE7 4,001,000.00 3,975,311.39 6.750000 % 2,971.81
M-3 76110FYF4 3,201,000.00 3,180,447.82 6.750000 % 2,377.60
B-1 76110FYG2 1,760,300.00 1,748,997.91 6.750000 % 1,307.49
B-2 76110FYH0 960,000.00 953,836.27 6.750000 % 713.06
B-3 76110FYJ6 1,280,602.22 1,272,380.10 6.750000 % 951.18
- -------------------------------------------------------------------------------
320,086,417.14 287,975,474.56 4,872,037.47
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,000,415.40 4,088,258.63 0.00 0.00 168,458,260.72
CB-2 0.00 114,364.57 0.00 0.00 6,239,195.03
NB-1 103,496.03 893,173.66 0.00 0.00 17,610,341.49
NB-2 41,752.74 41,752.74 0.00 0.00 7,423,000.00
NB-3 120,539.89 120,539.89 0.00 0.00 21,430,159.00
NB-4 22,611.61 22,611.61 0.00 0.00 4,020,000.00
NB-5 59,060.17 59,060.17 0.00 0.00 10,500,000.00
NB-6 3,366.28 3,366.28 0.00 0.00 0.00
NB-7 61,554.78 473,859.40 0.00 0.00 11,129,670.08
NB-8 85,532.22 538,466.53 0.00 0.00 16,373,739.42
NB-9 9,114.09 9,114.09 0.00 0.00 0.00
A-P 0.00 53.77 0.00 0.00 56,974.06
A-V 201,946.92 201,946.92 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 49,185.60 55,723.80 0.00 0.00 8,739,444.94
M-2 22,356.33 25,328.14 0.00 0.00 3,972,339.58
M-3 17,886.18 20,263.78 0.00 0.00 3,178,070.22
B-1 9,836.00 11,143.49 0.00 0.00 1,747,690.42
B-2 5,364.18 6,077.24 0.00 0.00 953,123.21
B-3 7,155.60 8,106.78 0.00 0.00 1,271,428.92
- -------------------------------------------------------------------------------
1,821,174.02 6,693,211.49 0.00 0.00 283,103,437.09
===============================================================================
Run: 07/28/99 12:41:44
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-1 912.297574 16.421427 5.320299 21.741726 0.000000 895.876147
CB-2 912.297573 16.421428 0.000000 16.421428 0.000000 895.876145
NB-1 721.575037 30.967993 4.058700 35.026693 0.000000 690.607044
NB-2 1000.000000 0.000000 5.624780 5.624780 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624778 5.624778 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.624779 5.624779 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.624778 5.624778 0.000000 1000.000000
NB-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-7 756.900433 27.038142 4.036644 31.074786 0.000000 729.862291
NB-8 805.142530 21.672535 4.092647 25.765182 0.000000 783.469995
NB-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-P 982.189876 0.926060 0.000000 0.926060 0.000000 981.263816
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-1 993.579454 0.742766 5.587685 6.330451 0.000000 992.836687
M-2 993.579453 0.742767 5.587686 6.330453 0.000000 992.836686
M-3 993.579450 0.742768 5.587685 6.330453 0.000000 992.836682
B-1 993.579452 0.742765 5.587684 6.330449 0.000000 992.836687
B-2 993.579448 0.742771 5.587688 6.330459 0.000000 992.836677
B-3 993.579489 0.742760 5.587684 6.330444 0.000000 992.836726
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:44 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 59,330.90
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 1,517.84
SUBSERVICER ADVANCES THIS MONTH 50,200.73
MASTER SERVICER ADVANCES THIS MONTH 974.98
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 34 4,589,780.90
(B) TWO MONTHLY PAYMENTS: 6 923,594.99
(C) THREE OR MORE MONTHLY PAYMENTS: 2 252,122.85
FORECLOSURES
NUMBER OF LOANS 7
AGGREGATE PRINCIPAL BALANCE 1,088,892.18
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 283,103,437.09
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,009
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 126,087.89
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,656,794.79
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.07788810 % 5.52190900 % 1.38040030 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.98274320 % 5.61273819 % 1.40338890 %
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 7.91643300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 345.87
POOL TRADING FACTOR: 88.44593895
................................................................................
Run: 07/28/99 12:41:45 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS13(POOL # 4322)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4322
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB 112,514,000.00 103,632,173.82 6.500000 % 740,670.97
NB 37,758,000.00 31,760,374.26 6.500000 % 331,646.80
A-P 53,454.22 51,668.27 0.000000 % 205.88
A-V 0.00 0.00 0.846386 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 4,083,000.00 3,965,225.45 6.500000 % 13,678.99
M-2 706,500.00 686,120.94 6.500000 % 2,366.94
M-3 628,000.00 609,885.28 6.500000 % 2,103.94
B-1 471,000.00 457,413.97 6.500000 % 1,577.96
B-2 314,000.00 304,942.64 6.500000 % 1,051.97
B-3 471,221.05 457,628.62 6.500000 % 1,578.70
- -------------------------------------------------------------------------------
156,999,275.27 141,925,433.25 1,094,882.15
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 560,974.56 1,301,645.53 0.00 0.00 102,891,502.85
NB 171,923.07 503,569.87 0.00 0.00 31,428,727.46
A-P 0.00 205.88 0.00 0.00 51,462.39
A-V 100,037.73 100,037.73 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 21,464.28 35,143.27 0.00 0.00 3,951,546.46
M-2 3,714.06 6,081.00 0.00 0.00 683,754.00
M-3 3,301.39 5,405.33 0.00 0.00 607,781.34
B-1 2,476.04 4,054.00 0.00 0.00 455,836.01
B-2 1,650.69 2,702.66 0.00 0.00 303,890.67
B-3 2,477.20 4,055.90 0.00 0.00 456,049.92
- -------------------------------------------------------------------------------
868,019.02 1,962,901.17 0.00 0.00 140,830,551.10
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 921.060258 6.582923 4.985820 11.568743 0.000000 914.477335
NB 841.156159 8.783484 4.553289 13.336773 0.000000 832.372675
A-P 966.589167 3.851554 0.000000 3.851554 0.000000 962.737614
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-1 971.154898 3.350230 5.256988 8.607218 0.000000 967.804668
M-2 971.154904 3.350234 5.256985 8.607219 0.000000 967.804671
M-3 971.154904 3.350223 5.256990 8.607213 0.000000 967.804682
B-1 971.154926 3.350234 5.256985 8.607219 0.000000 967.804692
B-2 971.154904 3.350223 5.256975 8.607198 0.000000 967.804682
B-3 971.154875 3.350232 5.256981 8.607213 0.000000 967.804647
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:45 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 29,465.84
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,372.59
SUBSERVICER ADVANCES THIS MONTH 12,290.68
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 10 1,009,272.69
(B) TWO MONTHLY PAYMENTS: 1 81,658.86
(C) THREE OR MORE MONTHLY PAYMENTS: 1 164,449.80
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 50,694.06
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 140,830,551.10
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,342
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 605,231.82
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.43170160 % 3.70703900 % 0.85959590 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.41206120 % 3.72297187 % 0.86360600 %
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 7.67221800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 164.46
POOL TRADING FACTOR: 89.70140203
................................................................................
Run: 07/28/99 12:30:25 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 76,122,091.74 6.500000 % 3,506,905.38
A-3 76110FYM9 46,000,000.00 35,739,894.55 6.250000 % 1,646,518.56
A-4 76110FYN7 37,995,000.00 29,520,375.91 8.000000 % 1,359,988.54
A-5 76110FYP2 25,759,000.00 25,759,000.00 6.750000 % 0.00
A-6 76110FYQ0 88,071,000.00 88,071,000.00 6.750000 % 0.00
A-P 76110FYR8 95,321.30 90,799.60 0.000000 % 98.08
A-V 76110FYS6 0.00 0.00 0.821465 % 0.00
R 76110FYT4 100.00 0.00 6.750000 % 0.00
M-1 76110FYU1 12,410,000.00 12,323,233.74 6.750000 % 9,269.88
M-2 76110FYV9 5,563,000.00 5,524,105.51 6.750000 % 4,155.38
M-3 76110FYW7 4,279,000.00 4,249,082.77 6.750000 % 3,196.28
B-1 76110FYX5 2,567,500.00 2,549,548.97 6.750000 % 1,917.84
B-2 76110FYY3 1,283,800.00 1,274,824.14 6.750000 % 958.96
B-3 76110FYZ0 1,711,695.86 1,699,728.25 6.750000 % 1,278.59
- -------------------------------------------------------------------------------
427,918,417.16 387,131,685.18 6,534,287.49
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 585,618.10 585,618.10 0.00 0.00 104,208,000.00
A-2 411,939.78 3,918,845.16 0.00 0.00 72,615,186.36
A-3 185,970.02 1,832,488.58 0.00 0.00 34,093,375.99
A-4 196,617.21 1,556,605.75 0.00 0.00 28,160,387.37
A-5 144,757.96 144,757.96 0.00 0.00 25,759,000.00
A-6 494,932.94 494,932.94 0.00 0.00 88,071,000.00
A-P 0.00 98.08 0.00 0.00 90,701.52
A-V 264,762.94 264,762.94 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 69,252.92 78,522.80 0.00 0.00 12,313,963.86
M-2 31,043.83 35,199.21 0.00 0.00 5,519,950.13
M-3 23,878.59 27,074.87 0.00 0.00 4,245,886.49
B-1 14,327.71 16,245.55 0.00 0.00 2,547,631.13
B-2 7,164.14 8,123.10 0.00 0.00 1,273,865.18
B-3 9,551.97 10,830.56 0.00 0.00 1,698,449.66
- -------------------------------------------------------------------------------
2,439,818.11 8,974,105.60 0.00 0.00 380,597,397.69
===============================================================================
_______________________________________________________________________________
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 5.619704 5.619704 0.000000 1000.000000
A-2 776.954241 35.793880 4.204540 39.998420 0.000000 741.160361
A-3 776.954229 35.793882 4.042827 39.836709 0.000000 741.160348
A-4 776.954228 35.793882 5.174818 40.968700 0.000000 741.160347
A-5 1000.000000 0.000000 5.619704 5.619704 0.000000 1000.000000
A-6 1000.000000 0.000000 5.619704 5.619704 0.000000 1000.000000
A-P 952.563593 1.028941 0.000000 1.028941 0.000000 951.534652
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-1 993.008359 0.746969 5.580413 6.327382 0.000000 992.261391
M-2 993.008361 0.746967 5.580412 6.327379 0.000000 992.261393
M-3 993.008359 0.746969 5.580414 6.327383 0.000000 992.261391
B-1 993.008362 0.746968 5.580413 6.327381 0.000000 992.261394
B-2 993.008366 0.746970 5.580418 6.327388 0.000000 992.261396
B-3 993.008332 0.746967 5.580413 6.327380 0.000000 992.261359
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:25 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 79,826.13
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 4,598.25
SUBSERVICER ADVANCES THIS MONTH 48,004.36
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 5,498,120.94
(B) TWO MONTHLY PAYMENTS: 8 873,936.34
(C) THREE OR MORE MONTHLY PAYMENTS: 3 242,343.92
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 151,110.73
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 380,597,397.69
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,945
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 6,243,060.94
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.86366780 % 5.70906700 % 1.42726560 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.74658060 % 5.80135351 % 1.45068300 %
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 7.89722255
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.36
POOL TRADING FACTOR: 88.94157915
................................................................................
Run: 07/28/99 12:41:45 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-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 250,018,000.00 233,298,932.26 6.500000 % 2,628,656.68
NB 150,029,000.00 136,239,428.20 6.500000 % 2,784,337.62
A-V 0.00 0.00 1.019117 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 14,626,000.00 14,551,210.37 6.500000 % 11,064.00
M-2 5,377,000.00 5,349,504.86 6.500000 % 4,067.49
M-3 4,517,000.00 4,493,902.45 6.500000 % 3,416.93
B-1 2,581,000.00 2,567,802.12 6.500000 % 1,952.43
B-2 1,290,500.00 1,283,901.06 6.500000 % 976.21
B-3 1,720,903.67 1,712,103.89 6.500000 % 1,301.80
- -------------------------------------------------------------------------------
430,159,503.67 399,496,785.21 5,435,773.16
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 1,263,405.62 3,892,062.30 0.00 0.00 230,670,275.58
NB 737,771.46 3,522,109.08 0.00 0.00 133,455,090.58
A-V 339,195.53 339,195.53 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 78,796.52 89,860.52 0.00 0.00 14,540,146.37
M-2 28,968.20 33,035.69 0.00 0.00 5,345,437.37
M-3 24,335.01 27,751.94 0.00 0.00 4,490,485.52
B-1 13,904.95 15,857.38 0.00 0.00 2,565,849.69
B-2 6,952.47 7,928.68 0.00 0.00 1,282,924.85
B-3 9,271.25 10,573.05 0.00 0.00 1,710,802.09
- -------------------------------------------------------------------------------
2,502,601.01 7,938,374.17 0.00 0.00 394,061,012.05
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 933.128544 10.513870 5.053259 15.567129 0.000000 922.614674
NB 908.087291 18.558663 4.917526 23.476189 0.000000 889.528628
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.886529 0.756461 5.387428 6.143889 0.000000 994.130068
M-2 994.886528 0.756461 5.387428 6.143889 0.000000 994.130067
M-3 994.886529 0.756460 5.387427 6.143887 0.000000 994.130069
B-1 994.886525 0.756463 5.387427 6.143890 0.000000 994.130062
B-2 994.886525 0.756459 5.387423 6.143882 0.000000 994.130066
B-3 994.886535 0.756463 5.387431 6.143894 0.000000 994.130072
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:45 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 82,773.06
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 2,501.94
SUBSERVICER ADVANCES THIS MONTH 56,925.80
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 6,286,413.66
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 6 1,001,625.72
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 676,677.16
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 394,061,012.05
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,842
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 5,132,086.88
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.50095970 % 6.10633600 % 1.39270380 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.40329670 % 6.18586171 % 1.41084160 %
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 7.81782500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.40
POOL TRADING FACTOR: 91.60811482
................................................................................
Run: 07/28/99 12:30:25 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 109,739,000.00 102,667,715.57 6.500000 % 1,137,198.12
A-P 76110FZB2 32,286.88 31,193.17 0.000000 % 113.02
A-V 76110FZC0 0.00 0.00 0.755763 % 0.00
R 76110FZD8 100.00 0.00 6.500000 % 0.00
M-1 76110FZE6 3,276,000.00 3,203,039.85 6.500000 % 10,761.27
M-2 76110FZF3 517,300.00 505,779.15 6.500000 % 1,699.27
M-3 76110FZG1 459,700.00 449,461.97 6.500000 % 1,510.06
B-1 76110FZH9 344,800.00 337,120.91 6.500000 % 1,132.63
B-2 76110FZJ5 229,800.00 224,682.09 6.500000 % 754.87
B-3 76110FZK2 344,884.43 337,203.49 6.500000 % 1,132.89
- -------------------------------------------------------------------------------
114,943,871.31 107,756,196.20 1,154,302.13
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 555,537.59 1,692,735.71 0.00 0.00 101,530,517.45
A-P 0.00 113.02 0.00 0.00 31,080.15
A-V 67,794.47 67,794.47 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 17,331.73 28,093.00 0.00 0.00 3,192,278.58
M-2 2,736.79 4,436.06 0.00 0.00 504,079.88
M-3 2,432.05 3,942.11 0.00 0.00 447,951.91
B-1 1,824.17 2,956.80 0.00 0.00 335,988.28
B-2 1,215.76 1,970.63 0.00 0.00 223,927.22
B-3 1,824.62 2,957.51 0.00 0.00 336,070.60
- -------------------------------------------------------------------------------
650,697.18 1,804,999.31 0.00 0.00 106,601,894.07
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 935.562704 10.362753 5.062353 15.425106 0.000000 925.199951
A-P 966.125250 3.500493 0.000000 3.500493 0.000000 962.624757
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 977.728892 3.284881 5.290516 8.575397 0.000000 974.444011
M-2 977.728881 3.284883 5.290528 8.575411 0.000000 974.443998
M-3 977.728888 3.284881 5.290516 8.575397 0.000000 974.444007
B-1 977.728857 3.284890 5.290516 8.575406 0.000000 974.443968
B-2 977.728851 3.284900 5.290513 8.575413 0.000000 974.443951
B-3 977.728945 3.284868 5.290526 8.575394 0.000000 974.444106
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:26 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS16 (POOL # 4337)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4337
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 22,364.12
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,900.13
SUBSERVICER ADVANCES THIS MONTH 8,142.63
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 9 876,170.43
(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 106,601,894.07
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,151
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 792,267.69
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.30537260 % 3.86008900 % 0.83453840 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.27047200 % 3.88765172 % 0.84074250 %
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 7.58095270
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 167.02
POOL TRADING FACTOR: 92.74256457
................................................................................
Run: 07/28/99 12:41:46 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS17(POOL # 4347)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4347
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FZX4 12,110,000.00 8,685,359.71 6.500000 % 738,309.33
A-2 76110FZY2 100,000,000.00 89,651,671.75 6.500000 % 2,230,969.28
A-3 76110FZZ9 33,937,000.00 30,865,025.34 6.500000 % 662,279.06
A-4 76110FA29 25,000,000.00 25,000,000.00 6.500000 % 0.00
A-5 76110FA37 14,321,000.00 14,321,000.00 6.500000 % 0.00
A-6 76110FA45 723,000.00 723,000.00 6.500000 % 0.00
A-7 76110FA52 15,000,000.00 15,000,000.00 6.500000 % 0.00
A-8 76110FC76 24,000,000.00 24,000,000.00 6.500000 % 0.00
CB 76110FA60 200,070,000.00 187,756,321.00 6.500000 % 1,915,084.24
NB-1 76110FA78 73,215,000.00 68,068,505.21 6.500000 % 893,268.89
NB-2 76110FA86 2,000,000.00 2,000,000.00 6.500000 % 0.00
NB-3 76110FA94 4,725,000.00 4,725,000.00 6.500000 % 0.00
NB-4 76110FB28 4,735,000.00 4,735,000.00 6.500000 % 0.00
NB-5 76110FB36 2,800,000.00 2,800,000.00 6.500000 % 0.00
NB-6 76110FB44 2,664,000.00 2,664,000.00 6.500000 % 0.00
NB-7 76110FB51 10,000,000.00 10,000,000.00 6.500000 % 0.00
A-P 76110FB69 60,240.84 59,862.99 0.000000 % 64.49
A-V 76110FB77 0.00 0.00 0.967160 % 0.00
R 76110FB85 100.00 0.00 6.500000 % 0.00
M-1 76110FB93 19,207,000.00 19,113,529.50 6.500000 % 14,563.75
M-2 76110FC27 7,062,000.00 7,027,632.90 6.500000 % 5,354.78
M-3 76110FC35 5,932,000.00 5,903,132.05 6.500000 % 4,497.95
B-1 76110FC43 3,389,000.00 3,372,507.49 6.500000 % 2,569.72
B-2 76110FC50 1,694,000.00 1,685,756.18 6.500000 % 1,284.48
B-3 76110FC68 2,259,938.31 2,249,062.91 6.500000 % 1,713.70
- -------------------------------------------------------------------------------
564,904,279.15 530,406,367.03 6,469,959.67
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 46,970.39 785,279.72 0.00 0.00 7,947,050.38
A-2 484,835.83 2,715,805.11 0.00 0.00 87,420,702.47
A-3 166,917.91 829,196.97 0.00 0.00 30,202,746.28
A-4 135,199.89 135,199.89 0.00 0.00 25,000,000.00
A-5 77,447.90 77,447.90 0.00 0.00 14,321,000.00
A-6 3,909.98 3,909.98 0.00 0.00 723,000.00
A-7 81,119.93 81,119.93 0.00 0.00 15,000,000.00
A-8 129,791.89 129,791.89 0.00 0.00 24,000,000.00
CB 1,015,862.67 2,930,946.91 0.00 0.00 185,841,236.76
NB-1 368,645.89 1,261,914.78 0.00 0.00 67,175,236.32
NB-2 10,831.61 10,831.61 0.00 0.00 2,000,000.00
NB-3 25,589.69 25,589.69 0.00 0.00 4,725,000.00
NB-4 25,643.85 25,643.85 0.00 0.00 4,735,000.00
NB-5 15,164.26 15,164.26 0.00 0.00 2,800,000.00
NB-6 14,427.71 14,427.71 0.00 0.00 2,664,000.00
NB-7 54,158.07 54,158.07 0.00 0.00 10,000,000.00
A-P 0.00 64.49 0.00 0.00 59,798.50
A-V 427,001.44 427,001.44 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 103,393.63 117,957.38 0.00 0.00 19,098,965.75
M-2 38,015.61 43,370.39 0.00 0.00 7,022,278.12
M-3 31,932.68 36,430.63 0.00 0.00 5,898,634.10
B-1 18,243.40 20,813.12 0.00 0.00 3,369,937.77
B-2 9,119.01 10,403.49 0.00 0.00 1,684,471.70
B-3 12,166.18 13,879.88 0.00 0.00 2,247,349.21
- -------------------------------------------------------------------------------
3,296,389.42 9,766,349.09 0.00 0.00 523,936,407.36
===============================================================================
Run: 07/28/99 12:41:46
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS17(POOL # 4347)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4347
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 717.205591 60.966914 3.878645 64.845559 0.000000 656.238677
A-2 896.516718 22.309693 4.848358 27.158051 0.000000 874.207025
A-3 909.480076 19.514956 4.918464 24.433420 0.000000 889.965120
A-4 1000.000000 0.000000 5.407996 5.407996 0.000000 1000.000000
A-5 1000.000000 0.000000 5.407995 5.407995 0.000000 1000.000000
A-6 1000.000000 0.000000 5.407995 5.407995 0.000000 1000.000000
A-7 1000.000000 0.000000 5.407995 5.407995 0.000000 1000.000000
A-8 1000.000000 0.000000 5.407995 5.407995 0.000000 1000.000000
CB 938.453146 9.572071 5.077536 14.649607 0.000000 928.881075
NB-1 929.707098 12.200627 5.035114 17.235741 0.000000 917.506472
NB-2 1000.000000 0.000000 5.415805 5.415805 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.415807 5.415807 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.415808 5.415808 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.415808 5.415808 0.000000 1000.000000
NB-6 1000.000000 0.000000 5.415807 5.415807 0.000000 1000.000000
NB-7 1000.000000 0.000000 5.415807 5.415807 0.000000 1000.000000
A-P 993.727677 1.070482 0.000000 1.070482 0.000000 992.657195
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-1 995.133519 0.758252 5.383122 6.141374 0.000000 994.375267
M-2 995.133517 0.758253 5.383122 6.141375 0.000000 994.375265
M-3 995.133522 0.758252 5.383123 6.141375 0.000000 994.375270
B-1 995.133517 0.758253 5.383123 6.141376 0.000000 994.375264
B-2 995.133518 0.758253 5.383123 6.141376 0.000000 994.375266
B-3 995.187745 0.758295 5.383414 6.141709 0.000000 994.429448
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:41:46 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-QS17 (POOL # 4347)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4347
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 109,939.35
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 17,444.21
SUBSERVICER ADVANCES THIS MONTH 55,688.69
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 49 6,721,647.87
(B) TWO MONTHLY PAYMENTS: 4 284,399.31
(C) THREE OR MORE MONTHLY PAYMENTS: 4 731,848.63
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 58,871.52
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 523,936,407.36
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,922
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 6,066,413.55
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.56956810 % 6.04146100 % 1.37768460 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.48354670 % 6.11140541 % 1.39363450 %
BANKRUPTCY AMOUNT AVAILABLE 212,158.00
FRAUD AMOUNT AVAILABLE 11,298,086.00
SPECIAL HAZARD AMOUNT AVAILABLE 5,649,043.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.79492600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 348.10
POOL TRADING FACTOR: 92.74782060
................................................................................
Run: 07/28/99 12:30:31 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-QS1(POOL # 4355)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4355
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FC84 49,523,000.00 33,429,270.58 6.500000 % 3,471,945.64
A-2 76110FC92 25,000,000.00 25,000,000.00 6.500000 % 0.00
A-3 76110FD26 25,001,570.00 24,878,966.88 6.500000 % 18,564.99
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 16,293.59 0.000000 % 358.78
A-V 76110FD75 0.00 0.00 1.073154 % 0.00
R 76110FD83 100.00 0.00 6.500000 % 0.00
M-1 76110FD91 9,141,000.00 9,096,174.22 6.500000 % 6,787.68
M-2 76110FE25 3,360,700.00 3,344,219.74 6.500000 % 2,495.50
M-3 76110FE33 2,823,000.00 2,809,156.53 6.500000 % 2,096.23
B-1 76110FE41 1,613,200.00 1,605,289.16 6.500000 % 1,197.89
B-2 76110FE58 806,600.00 802,644.58 6.500000 % 598.94
B-3 76110FE66 1,075,021.18 1,069,749.44 6.500000 % 798.25
- -------------------------------------------------------------------------------
268,851,631.00 252,542,794.72 3,504,843.90
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 180,936.06 3,652,881.70 0.00 0.00 29,957,324.94
A-2 135,312.60 135,312.60 0.00 0.00 25,000,000.00
A-3 134,657.50 153,222.49 0.00 0.00 24,860,401.89
A-4 13,397.81 13,397.81 0.00 0.00 2,475,344.00
A-5 75,910.53 75,910.53 0.00 0.00 14,025,030.00
A-6 725,224.94 725,224.94 0.00 0.00 133,990,656.00
A-P 0.00 358.78 0.00 0.00 15,934.81
A-V 225,674.14 225,674.14 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 49,233.07 56,020.75 0.00 0.00 9,089,386.54
M-2 18,100.60 20,596.10 0.00 0.00 3,341,724.24
M-3 15,204.57 17,300.80 0.00 0.00 2,807,060.30
B-1 8,688.64 9,886.53 0.00 0.00 1,604,091.27
B-2 4,344.32 4,943.26 0.00 0.00 802,045.64
B-3 5,790.03 6,588.28 0.00 0.00 1,068,951.19
- -------------------------------------------------------------------------------
1,592,474.81 5,097,318.71 0.00 0.00 249,037,950.82
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 675.025152 70.107741 3.653576 73.761317 0.000000 604.917411
A-2 1000.000000 0.000000 5.412504 5.412504 0.000000 1000.000000
A-3 995.096183 0.742553 5.385962 6.128515 0.000000 994.353630
A-4 1000.000000 0.000000 5.412504 5.412504 0.000000 1000.000000
A-5 1000.000000 0.000000 5.412504 5.412504 0.000000 1000.000000
A-6 1000.000000 0.000000 5.412504 5.412504 0.000000 1000.000000
A-P 992.917046 21.863738 0.000000 21.863738 0.000000 971.053308
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-1 995.096184 0.742553 5.385961 6.128514 0.000000 994.353631
M-2 995.096182 0.742554 5.385961 6.128515 0.000000 994.353629
M-3 995.096185 0.742554 5.385962 6.128516 0.000000 994.353631
B-1 995.096182 0.742555 5.385966 6.128521 0.000000 994.353626
B-2 995.096182 0.742549 5.385966 6.128515 0.000000 994.353633
B-3 995.096152 0.742553 5.385968 6.128521 0.000000 994.353609
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:31 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 52,249.96
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,754.44
SUBSERVICER ADVANCES THIS MONTH 21,551.96
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 2,593,928.89
(B) TWO MONTHLY PAYMENTS: 3 259,666.89
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 194,337.97
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 249,037,950.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,832
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 3,316,390.61
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.58405210 % 6.03879200 % 1.37715570 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.48529930 % 6.11881484 % 1.39549430 %
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 7.89984363
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.49
POOL TRADING FACTOR: 92.63025480
................................................................................
Run: 07/28/99 12:30:33 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 11,718,229.88 6.500000 % 1,558,033.46
A-2 76110FE74 95,030,000.00 95,030,000.00 6.500000 % 0.00
A-3 76110FE82 135,727,000.00 128,128,273.12 6.500000 % 1,870,083.81
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 35,540.14 0.000000 % 34.25
A-V 76110FF81 0.00 0.00 1.046148 % 0.00
R 76110FF99 100.00 0.00 6.500000 % 0.00
M-1 76110FG23 10,297,000.00 10,262,351.18 6.500000 % 7,503.85
M-2 76110FG31 3,861,100.00 3,848,107.62 6.500000 % 2,813.74
M-3 76110FG49 3,378,500.00 3,367,131.54 6.500000 % 2,462.05
B-1 76110FG56 1,930,600.00 1,924,103.64 6.500000 % 1,406.91
B-2 76110FG64 965,300.00 962,051.82 6.500000 % 703.45
B-3 76110FG72 1,287,113.52 1,282,782.50 6.500000 % 938.00
- -------------------------------------------------------------------------------
321,757,386.08 307,754,571.44 3,443,979.52
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 63,456.82 1,621,490.28 0.00 0.00 10,160,196.42
A-2 514,608.56 514,608.56 0.00 0.00 95,030,000.00
A-3 693,843.06 2,563,926.87 0.00 0.00 126,258,189.31
A-4 20,567.01 20,567.01 0.00 0.00 3,798,000.00
A-5 28,262.04 28,262.04 0.00 0.00 5,219,000.00
A-6 4,998.67 4,998.67 0.00 0.00 1,000,000.00
A-7 5,831.77 5,831.77 0.00 0.00 1,000,000.00
A-8 43,338.02 43,338.02 0.00 0.00 8,003,000.00
A-9 174,240.19 174,240.19 0.00 0.00 32,176,000.00
A-P 0.00 34.25 0.00 0.00 35,505.89
A-V 268,225.80 268,225.80 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 55,572.92 63,076.77 0.00 0.00 10,254,847.33
M-2 20,838.36 23,652.10 0.00 0.00 3,845,293.88
M-3 18,233.77 20,695.82 0.00 0.00 3,364,669.49
B-1 10,419.45 11,826.36 0.00 0.00 1,922,696.73
B-2 5,209.72 5,913.17 0.00 0.00 961,348.37
B-3 6,946.56 7,884.56 0.00 0.00 1,281,844.50
- -------------------------------------------------------------------------------
1,934,592.72 5,378,572.24 0.00 0.00 304,310,591.92
===============================================================================
Run: 07/28/99 12:30:33
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-1 649.245381 86.322426 3.515808 89.838234 0.000000 562.922955
A-2 1000.000000 0.000000 5.415222 5.415222 0.000000 1000.000000
A-3 944.014626 13.778274 5.112049 18.890323 0.000000 930.236352
A-4 1000.000000 0.000000 5.415221 5.415221 0.000000 1000.000000
A-5 1000.000000 0.000000 5.415221 5.415221 0.000000 1000.000000
A-6 1000.000000 0.000000 4.998670 4.998670 0.000000 1000.000000
A-7 1000.000000 0.000000 5.831770 5.831770 0.000000 1000.000000
A-8 1000.000000 0.000000 5.415222 5.415222 0.000000 1000.000000
A-9 1000.000000 0.000000 5.415222 5.415222 0.000000 1000.000000
A-P 996.287903 0.960122 0.000000 0.960122 0.000000 995.327781
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 996.635057 0.728741 5.397001 6.125742 0.000000 995.906315
M-2 996.635057 0.728741 5.397001 6.125742 0.000000 995.906317
M-3 996.635057 0.728741 5.397002 6.125743 0.000000 995.906316
B-1 996.635056 0.728742 5.397001 6.125743 0.000000 995.906314
B-2 996.635056 0.728737 5.396996 6.125733 0.000000 995.906319
B-3 996.635091 0.728739 5.397006 6.125745 0.000000 995.906330
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:34 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS2 (POOL # 4362)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4362
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 63,807.84
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 11,759.25
SUBSERVICER ADVANCES THIS MONTH 30,058.55
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 23 3,517,862.04
(B) TWO MONTHLY PAYMENTS: 2 220,861.92
(C) THREE OR MORE MONTHLY PAYMENTS: 4 411,665.22
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 71,900.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 304,310,591.92
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,253
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 3,218,941.57
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.96548930 % 5.67972400 % 1.35478720 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.89107080 % 5.73913993 % 1.36911950 %
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 7.87336252
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.10
POOL TRADING FACTOR: 94.57765543
................................................................................
Run: 07/28/99 12:30:34 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 167,033,000.00 162,035,042.24 6.500000 % 2,842,003.80
A-2 76110FJ46 9,013,000.00 9,013,000.00 6.500000 % 0.00
A-3 76110FJ53 25,854,000.00 25,854,000.00 6.500000 % 0.00
A-4 76110FJ61 45,000,000.00 43,874,155.66 6.500000 % 640,192.27
A-5 76110FJ79 60,600,000.00 55,196,090.76 6.500000 % 3,072,841.21
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 47,424,163.58 6.500000 % 34,689.72
A-P 76110FK36 12,443.31 12,143.39 0.000000 % 13.16
A-V 76110FK44 0.00 0.00 1.020901 % 0.00
R 76110FK51 100.00 0.00 6.500000 % 0.00
M-1 76110FK69 16,301,800.00 16,266,527.02 6.500000 % 11,898.60
M-2 76110FK77 6,113,300.00 6,100,072.37 6.500000 % 4,462.07
M-3 76110FK85 5,349,000.00 5,337,426.12 6.500000 % 3,904.21
B-1 76110FK93 3,056,500.00 3,049,886.51 6.500000 % 2,230.92
B-2 76110FL27 1,528,300.00 1,524,993.15 6.500000 % 1,115.50
B-3 76110FL35 2,037,744.61 2,033,335.44 6.500000 % 1,487.33
- -------------------------------------------------------------------------------
509,426,187.92 497,720,836.24 6,614,838.79
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 877,495.58 3,719,499.38 0.00 0.00 159,193,038.44
A-2 48,809.62 48,809.62 0.00 0.00 9,013,000.00
A-3 140,011.51 140,011.51 0.00 0.00 25,854,000.00
A-4 237,599.09 877,791.36 0.00 0.00 43,233,963.39
A-5 298,912.66 3,371,753.87 0.00 0.00 52,123,249.55
A-6 541,546.80 541,546.80 0.00 0.00 100,000,000.00
A-7 108,309.36 108,309.36 0.00 0.00 20,000,000.00
A-8 256,824.04 291,513.76 0.00 0.00 47,389,473.86
A-P 0.00 13.16 0.00 0.00 12,130.23
A-V 423,342.85 423,342.85 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 88,090.85 99,989.45 0.00 0.00 16,254,628.42
M-2 33,034.75 37,496.82 0.00 0.00 6,095,610.30
M-3 28,904.66 32,808.87 0.00 0.00 5,333,521.91
B-1 16,516.56 18,747.48 0.00 0.00 3,047,655.59
B-2 8,258.55 9,374.05 0.00 0.00 1,523,877.65
B-3 11,011.46 12,498.79 0.00 0.00 2,031,848.11
- -------------------------------------------------------------------------------
3,118,668.34 9,733,507.13 0.00 0.00 491,105,997.45
===============================================================================
Run: 07/28/99 12:30:34
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-1 970.078022 17.014625 5.253426 22.268051 0.000000 953.063397
A-2 1000.000000 0.000000 5.415469 5.415469 0.000000 1000.000000
A-3 1000.000000 0.000000 5.415468 5.415468 0.000000 1000.000000
A-4 974.981237 14.226495 5.279980 19.506475 0.000000 960.754742
A-5 910.826580 50.706951 4.932552 55.639503 0.000000 860.119630
A-6 1000.000000 0.000000 5.415468 5.415468 0.000000 1000.000000
A-7 1000.000000 0.000000 5.415468 5.415468 0.000000 1000.000000
A-8 997.836253 0.729895 5.403750 6.133645 0.000000 997.106358
A-P 975.897088 1.057596 0.000000 1.057596 0.000000 974.839492
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-1 997.836252 0.729895 5.403750 6.133645 0.000000 997.106358
M-2 997.836254 0.729895 5.403751 6.133646 0.000000 997.106358
M-3 997.836254 0.729895 5.403750 6.133645 0.000000 997.106358
B-1 997.836254 0.729894 5.403749 6.133643 0.000000 997.106360
B-2 997.836256 0.729896 5.403749 6.133645 0.000000 997.106360
B-3 997.836250 0.729895 5.403749 6.133644 0.000000 997.106358
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:34 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 103,022.67
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,920.10
SUBSERVICER ADVANCES THIS MONTH 66,306.23
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 57 7,991,123.91
(B) TWO MONTHLY PAYMENTS: 9 1,091,026.11
(C) THREE OR MORE MONTHLY PAYMENTS: 2 217,359.46
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 491,105,997.45
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 4,189
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 6,250,762.78
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.10595910 % 5.56631300 % 1.32772750 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.01821010 % 5.63702353 % 1.34462710 %
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 7.84930103
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.15
POOL TRADING FACTOR: 96.40375958
................................................................................
Run: 07/28/99 12:30:34 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 200,000,000.00 195,493,733.63 6.250000 % 1,790,631.39
A-P 76110FH22 33,549.74 32,871.42 0.000000 % 208.54
A-V 76110FH30 0.00 0.00 0.901569 % 0.00
R 76110FH48 100.00 0.00 6.250000 % 0.00
M-1 76110FH55 5,865,400.00 5,808,817.77 6.250000 % 19,141.74
M-2 76110FH63 942,600.00 933,506.94 6.250000 % 3,076.18
M-3 76110FH71 942,600.00 933,506.94 6.250000 % 3,076.18
B-1 76110FH89 628,400.00 622,337.95 6.250000 % 2,050.78
B-2 76110FH97 523,700.00 518,647.97 6.250000 % 1,709.10
B-3 76110FJ20 523,708.79 518,656.72 6.250000 % 1,709.13
- -------------------------------------------------------------------------------
209,460,058.53 204,862,079.34 1,821,603.04
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,017,532.70 2,808,164.09 0.00 0.00 193,703,102.24
A-P 0.00 208.54 0.00 0.00 32,662.88
A-V 153,814.05 153,814.05 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 30,234.54 49,376.28 0.00 0.00 5,789,676.03
M-2 4,858.85 7,935.03 0.00 0.00 930,430.76
M-3 4,858.85 7,935.03 0.00 0.00 930,430.76
B-1 3,239.23 5,290.01 0.00 0.00 620,287.17
B-2 2,699.53 4,408.63 0.00 0.00 516,938.87
B-3 2,699.58 4,408.71 0.00 0.00 516,947.59
- -------------------------------------------------------------------------------
1,219,937.33 3,041,540.37 0.00 0.00 203,040,476.30
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 977.468668 8.953157 5.087664 14.040821 0.000000 968.515511
A-P 979.781661 6.215845 0.000000 6.215845 0.000000 973.565816
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 990.353219 3.263501 5.154728 8.418229 0.000000 987.089718
M-2 990.353215 3.263505 5.154732 8.418237 0.000000 987.089709
M-3 990.353215 3.263505 5.154732 8.418237 0.000000 987.089709
B-1 990.353199 3.263495 5.154726 8.418221 0.000000 987.089704
B-2 990.353198 3.263510 5.154726 8.418236 0.000000 987.089689
B-3 990.353284 3.263493 5.154735 8.418228 0.000000 987.089772
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:34 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 42,571.15
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 11,099.79
SUBSERVICER ADVANCES THIS MONTH 27,526.20
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 22 2,727,007.99
(B) TWO MONTHLY PAYMENTS: 2 257,971.24
(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 203,040,476.30
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,025
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 1,146,511.36
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.44231290 % 3.74743000 % 0.81025680 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.41657480 % 3.76798641 % 0.81483250 %
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 7.48140738
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 170.36
POOL TRADING FACTOR: 96.93517596
................................................................................
Run: 07/28/99 12:30:47 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 166,515,517.00 164,436,510.91 7.250000 % 1,785,692.85
CB-P 76110FL68 12,334,483.00 12,180,482.55 0.000000 % 132,273.55
NB-1 76110FL76 36,987,960.00 35,781,373.35 6.750000 % 1,024,803.67
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 20,075,744.09 6.750000 % 1,209,578.88
NB-5 76110FM34 24,546,330.00 24,546,330.00 6.750000 % 0.00
A-P 76110FM42 248,854.76 248,218.38 0.000000 % 304.31
A-V 76110FM59 0.00 0.00 0.808219 % 0.00
R 76110FM67 100.00 0.00 6.750000 % 0.00
M-1 76110FM75 9,620,300.00 9,606,817.21 6.750000 % 6,807.43
M-2 76110FM83 3,848,100.00 3,842,706.91 6.750000 % 2,722.96
M-3 76110FM91 3,256,100.00 3,251,536.60 6.750000 % 2,304.05
B-1 76110FN25 1,924,100.00 1,921,403.38 6.750000 % 1,361.51
B-2 76110FN33 888,100.00 886,855.34 6.750000 % 628.43
B-3 76110FN41 1,183,701.20 1,182,042.21 6.750000 % 839.11
- -------------------------------------------------------------------------------
296,006,355.96 291,112,730.93 4,167,316.75
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 993,315.01 2,779,007.86 0.00 0.00 162,650,818.06
CB-P 0.00 132,273.55 0.00 0.00 12,048,209.00
NB-1 201,251.55 1,226,055.22 0.00 0.00 34,756,569.68
NB-2 19,876.91 19,876.91 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-4 112,915.58 1,322,494.46 0.00 0.00 18,866,165.21
NB-5 138,060.30 138,060.30 0.00 0.00 24,546,330.00
A-P 0.00 304.31 0.00 0.00 247,914.07
A-V 196,042.77 196,042.77 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 54,030.16 60,837.59 0.00 0.00 9,600,009.78
M-2 21,611.95 24,334.91 0.00 0.00 3,839,983.95
M-3 18,287.12 20,591.17 0.00 0.00 3,249,232.55
B-1 10,806.25 12,167.76 0.00 0.00 1,920,041.87
B-2 4,987.80 5,616.23 0.00 0.00 886,226.91
B-3 6,647.98 7,487.09 0.00 0.00 1,181,203.10
- -------------------------------------------------------------------------------
1,831,933.60 5,999,250.35 0.00 0.00 286,945,414.18
===============================================================================
Run: 07/28/99 12:30:47
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-1 987.514641 10.723883 5.965300 16.689183 0.000000 976.790758
CB-P 987.514641 10.723883 0.000000 10.723883 0.000000 976.790758
NB-1 967.378935 27.706412 5.441002 33.147414 0.000000 939.672523
NB-2 1000.000000 0.000000 5.624479 5.624479 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624478 5.624478 0.000000 1000.000000
NB-4 933.755539 56.259483 5.251887 61.511370 0.000000 877.496056
NB-5 1000.000000 0.000000 5.624478 5.624478 0.000000 1000.000000
A-P 997.442765 1.222850 0.000000 1.222850 0.000000 996.219915
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-1 998.598506 0.707611 5.616266 6.323877 0.000000 997.890895
M-2 998.598506 0.707612 5.616265 6.323877 0.000000 997.890894
M-3 998.598507 0.707610 5.616265 6.323875 0.000000 997.890897
B-1 998.598503 0.707609 5.616262 6.323871 0.000000 997.890894
B-2 998.598514 0.707612 5.616259 6.323871 0.000000 997.890902
B-3 998.598472 0.707611 5.616265 6.323876 0.000000 997.889587
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:47 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 60,265.97
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,312.94
SUBSERVICER ADVANCES THIS MONTH 45,936.39
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 33 5,524,180.46
(B) TWO MONTHLY PAYMENTS: 5 358,709.45
(C) THREE OR MORE MONTHLY PAYMENTS: 1 598,618.91
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 286,945,414.18
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,066
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 3,960,971.38
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.88625430 % 5.73697400 % 1.37070640 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.78797400 % 5.81616762 % 1.39082900 %
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 7.87775800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 354.01
POOL TRADING FACTOR: 96.93893675
................................................................................
Run: 07/28/99 12:30:47 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-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 226,382,557.00 225,407,410.45 7.000000 % 2,130,615.52
CB-P 76110FN66 17,414,043.00 17,339,031.73 0.000000 % 163,893.50
NB-1 76110FN74 114,280,000.00 112,304,466.45 6.500000 % 1,844,516.67
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 47,290.54 0.000000 % 45.27
A-V 76110FP31 0.00 0.00 1.017374 % 0.00
R 76110FP49 100.00 0.00 6.500000 % 0.00
M-1 76110FP56 12,871,500.00 12,862,403.51 6.500000 % 9,161.51
M-2 76110FP64 4,826,800.00 4,823,388.82 6.500000 % 3,435.56
M-3 76110FP72 4,223,400.00 4,220,415.26 6.500000 % 3,006.08
B-1 76110FP80 2,413,400.00 2,411,694.41 6.500000 % 1,717.78
B-2 76110FP98 1,206,800.00 1,205,947.14 6.500000 % 858.96
B-3 76110FQ22 1,608,966.42 1,607,829.08 6.500000 % 1,146.46
- -------------------------------------------------------------------------------
402,235,002.10 399,189,977.39 4,158,397.31
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,314,567.06 3,445,182.58 0.00 0.00 223,276,794.93
CB-P 0.00 163,893.50 0.00 0.00 17,175,138.23
NB-1 608,268.27 2,452,784.94 0.00 0.00 110,459,949.78
NB-2 20,776.70 20,776.70 0.00 0.00 3,836,000.00
NB-3 71,083.32 71,083.32 0.00 0.00 13,124,100.00
A-P 0.00 45.27 0.00 0.00 47,245.27
A-V 338,376.82 338,376.82 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 69,656.68 78,818.19 0.00 0.00 12,853,242.00
M-2 26,121.19 29,556.75 0.00 0.00 4,819,953.26
M-3 22,855.77 25,861.85 0.00 0.00 4,217,409.18
B-1 13,060.59 14,778.37 0.00 0.00 2,409,976.63
B-2 6,530.83 7,389.79 0.00 0.00 1,205,088.18
B-3 8,707.24 9,853.70 0.00 0.00 1,606,682.62
- -------------------------------------------------------------------------------
2,500,004.47 6,658,401.78 0.00 0.00 395,031,580.08
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB-1 995.692484 9.411571 5.806839 15.218410 0.000000 986.280913
CB-P 995.692484 9.411571 0.000000 9.411571 0.000000 986.280913
NB-1 982.713217 16.140328 5.322613 21.462941 0.000000 966.572889
NB-2 1000.000000 0.000000 5.416241 5.416241 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.416243 5.416243 0.000000 1000.000000
A-P 999.046385 0.956410 0.000000 0.956410 0.000000 998.089975
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-1 999.293284 0.711767 5.411699 6.123466 0.000000 998.581517
M-2 999.293283 0.711768 5.411699 6.123467 0.000000 998.581516
M-3 999.293285 0.711768 5.411699 6.123467 0.000000 998.581517
B-1 999.293283 0.711768 5.411697 6.123465 0.000000 998.581516
B-2 999.293288 0.711767 5.411692 6.123459 0.000000 998.581521
B-3 999.293124 0.711767 5.411698 6.123465 0.000000 998.580581
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:47 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS6 (POOL # 4376)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4376
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 82,591.37
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 9,243.87
SUBSERVICER ADVANCES THIS MONTH 89,167.56
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 79 11,917,628.29
(B) TWO MONTHLY PAYMENTS: 3 615,200.00
(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 395,031,580.08
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,736
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 3,874,057.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.20251150 % 5.48766500 % 1.30901850 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.13584120 % 5.54148214 % 1.32201380 %
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 7.84264500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.23
POOL TRADING FACTOR: 98.20915087
................................................................................
Run: 07/28/99 12:30:39 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS7(POOL # 4380)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4380
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FQ30 260,286,000.00 260,286,000.00 6.750000 % 2,280,714.88
A-2 76110FQ48 15,420,000.00 15,420,000.00 6.750000 % 80,118.47
A-3 76110FQ55 35,050,000.00 35,050,000.00 6.750000 % 0.00
A-4 76110FQ63 14,250,000.00 14,250,000.00 6.750000 % 0.00
A-P 76110FQ89 91,079.98 91,079.98 0.000000 % 81.17
A-V 76110FQ97 0.00 0.00 0.879910 % 0.00
R 76110FQ71 100.00 100.00 6.750000 % 100.00
M-1 76110FR21 12,969,000.00 12,969,000.00 6.750000 % 9,009.80
M-2 76110FR39 4,206,600.00 4,206,600.00 6.750000 % 2,922.40
M-3 76110FR47 3,680,500.00 3,680,500.00 6.750000 % 2,556.91
B-1 76110FR54 2,103,100.00 2,103,100.00 6.750000 % 1,461.06
B-2 76110FR62 1,051,600.00 1,051,600.00 6.750000 % 730.57
B-3 76110FR70 1,402,095.46 1,402,095.46 6.750000 % 974.06
- -------------------------------------------------------------------------------
350,510,075.44 350,510,075.44 2,378,669.32
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 1,463,418.69 3,744,133.57 0.00 0.00 258,005,285.12
A-2 86,696.62 166,815.09 0.00 0.00 15,339,881.53
A-3 197,063.33 197,063.33 0.00 0.00 35,050,000.00
A-4 0.00 0.00 80,118.47 0.00 14,330,118.47
A-P 0.00 81.17 0.00 0.00 90,998.81
A-V 256,893.43 256,893.43 0.00 0.00 0.00
R 0.56 100.56 0.00 0.00 0.00
M-1 72,916.25 81,926.05 0.00 0.00 12,959,990.20
M-2 23,650.98 26,573.38 0.00 0.00 4,203,677.60
M-3 20,693.05 23,249.96 0.00 0.00 3,677,943.09
B-1 11,824.36 13,285.42 0.00 0.00 2,101,638.94
B-2 5,912.46 6,643.03 0.00 0.00 1,050,869.43
B-3 7,883.07 8,857.13 0.00 0.00 1,401,121.40
- -------------------------------------------------------------------------------
2,146,952.80 4,525,622.12 80,118.47 0.00 348,211,524.59
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 8.762342 5.622349 14.384691 0.000000 991.237658
A-2 1000.000000 5.195750 5.622349 10.818099 0.000000 994.804250
A-3 1000.000000 0.000000 5.622349 5.622349 0.000000 1000.000000
A-4 1000.000000 0.000000 0.000000 0.000000 5.622349 1005.622349
A-P 1000.000000 0.891195 0.000000 0.891195 0.000000 999.108805
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.600000 1005.600000 0.000000 0.000000
M-1 1000.000000 0.694718 5.622349 6.317067 0.000000 999.305282
M-2 1000.000000 0.694718 5.622351 6.317069 0.000000 999.305282
M-3 1000.000000 0.694718 5.622348 6.317066 0.000000 999.305282
B-1 1000.000000 0.694717 5.622348 6.317065 0.000000 999.305283
B-2 1000.000000 0.694722 5.622347 6.317069 0.000000 999.305278
B-3 1000.000000 0.694717 5.622349 6.317066 0.000000 999.305283
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:39 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS7 (POOL # 4380)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4380
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 72,770.24
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 19,761.26
SUBSERVICER ADVANCES THIS MONTH 24,816.04
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 27 3,519,436.40
(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 348,211,524.59
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,628
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 2,055,033.81
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.74785450 % 5.95176100 % 1.30038480 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.70504360 % 5.98533059 % 1.30806130 %
BANKRUPTCY AMOUNT AVAILABLE 134,666.00
FRAUD AMOUNT AVAILABLE 7,010,202.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,505,101.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.95584542
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 355.92
POOL TRADING FACTOR: 99.34422688
................................................................................
Run: 07/28/99 12:30:40 REPT1B.FRG
Page: 1 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS8(POOL # 4381)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4381
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FR88 100,048,000.00 100,048,000.00 6.500000 % 609,081.34
A-P 76110FR96 122,858.97 122,858.97 0.000000 % 463.93
A-V 76110FS20 0.00 0.00 0.692743 % 0.00
R 76110FS38 100.00 100.00 6.500000 % 100.00
M-1 76110FS46 2,563,600.00 2,563,600.00 6.500000 % 8,097.20
M-2 76110FS53 575,400.00 575,400.00 6.500000 % 1,817.42
M-3 76110FS61 470,800.00 470,800.00 6.500000 % 1,487.03
B-1 76110FS79 313,900.00 313,900.00 6.500000 % 991.46
B-2 76110FS87 261,600.00 261,600.00 6.500000 % 826.27
B-3 76110FS95 261,601.59 261,601.59 6.500000 % 826.28
- -------------------------------------------------------------------------------
104,617,860.56 104,617,860.56 623,690.93
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 541,105.97 1,150,187.31 0.00 0.00 99,438,918.66
A-P 0.00 463.93 0.00 0.00 122,395.04
A-V 60,302.91 60,302.91 0.00 0.00 0.00
R 0.54 100.54 0.00 0.00 0.00
M-1 13,865.14 21,962.34 0.00 0.00 2,555,502.80
M-2 3,112.03 4,929.45 0.00 0.00 573,582.58
M-3 2,546.31 4,033.34 0.00 0.00 469,312.97
B-1 1,697.72 2,689.18 0.00 0.00 312,908.54
B-2 1,414.85 2,241.12 0.00 0.00 260,773.73
B-3 1,414.86 2,241.14 0.00 0.00 260,775.31
- -------------------------------------------------------------------------------
625,460.33 1,249,151.26 0.00 0.00 103,994,169.63
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 1000.000000 6.087891 5.408464 11.496355 0.000000 993.912109
A-P 1000.000000 3.776118 0.000000 3.776118 0.000000 996.223882
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 1000.000000 1000.000000 5.400000 1005.400000 0.000000 0.000000
M-1 1000.000000 3.158527 5.408465 8.566992 0.000000 996.841473
M-2 1000.000000 3.158533 5.408464 8.566997 0.000000 996.841467
M-3 1000.000000 3.158517 5.408475 8.566992 0.000000 996.841483
B-1 1000.000000 3.158522 5.408474 8.566996 0.000000 996.841478
B-2 1000.000000 3.158524 5.408448 8.566972 0.000000 996.841476
B-3 1000.000000 3.158543 5.408453 8.566996 0.000000 996.841457
_______________________________________________________________________________
DETERMINATION DATE 20-July-99
DISTRIBUTION DATE 26-July-99
Run: 07/28/99 12:30:40 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1999-QS8 (POOL # 4381)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4381
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 21,733.89
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,547.13
SUBSERVICER ADVANCES THIS MONTH 9,423.14
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 17 1,021,223.00
(B) TWO MONTHLY PAYMENTS: 0 0.00
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 103,994,169.63
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,017
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 293,219.67
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.74438820 % 3.45451900 % 0.80109250 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.73237680 % 3.46019240 % 0.80335350 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,046,179.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,387,236.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 7.51274802
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 174.80
POOL TRADING FACTOR: 99.40383896
................................................................................
