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)
January 25, 1999
RESIDENTIAL ACCREDIT LOANS, INC.
(Exact name of the registrant as specified in it's charter)
33-95932, 333-8733, 333-33493
333-48327 51-0368240
333-63549
Delaware (Commission File Number) (I.R.S. Employee
(State or other Identification No.)
jurisdiction of
incorporation)
8400 Normandale Lake Boulevard 55437
Minneapolis, Minnesota (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code
(612) 832-7000
Item 5. Other Events
See the respective monthly reports, each reflecting the required information for
the January, 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-QS7 RALI 1996-QS8 RALI 1997-QS1 RALI 1997-QS2 RALI 1997-QS3 RALI
1997-QS4 RALI 1997-QS5 RALI 1997-QS6 RALI 1997-QS7 RALI 1997-QS8 RALI 1997-QS9
RALI 1997-QS10 RALI 1997-QS11 RALI 1997-QS12 RALI 1997-QS13 RALI 1998-QS1 RALI
1998-QS2 RALI 1998-QS3GR1 RALI 1998-QS4 RALI 1998-QS5 RALI 1998-QS6 RALI
1998-QS8 RALI 1998-QS7 RALI 1998-QS10 RALI 1998-QS11 RALI 1998-QS9 RALI
1998-QS12 RALI 1998-QS13 RALI 1998-QS14 RALI 1998 QS15 RALI 1998-QS16 RALI
1998-QS17 RALI
Item 7. Financial Statements and Exhibits (a) Not applicable (b) Not applicable
(c) See Item 5.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name: Davee Olson
Title: Chief Financial Officer
Dated: January 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: January 25, 1999
<PAGE>
Run: 02/01/99 11:30:37 REPT1B.FRG
Page: 1 of 2
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 10,869,162.69 7.300000 % 5,670,700.92
A-4 76110FAD5 46,000,000.00 46,000,000.00 7.500000 % 0.00
A-5 76110FAE3 22,100,000.00 22,100,000.00 7.500000 % 0.00
A-6 76110FAF0 31,109,000.00 31,109,000.00 7.500000 % 0.00
R 514.42 2,085,888.31 0.000000 % 66,935.39
- -------------------------------------------------------------------------------
258,459,514.42 112,164,051.00 5,737,636.31
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 66,120.74 5,736,821.66 0.00 0.00 5,198,461.77
A-4 287,500.00 287,500.00 0.00 0.00 46,000,000.00
A-5 138,125.00 138,125.00 0.00 0.00 22,100,000.00
A-6 194,431.25 194,431.25 0.00 0.00 31,109,000.00
R 87,565.59 154,500.98 0.00 0.00 2,018,952.92
- -------------------------------------------------------------------------------
773,742.58 6,511,378.89 0.00 0.00 106,426,414.69
===============================================================================
_______________________________________________________________________________
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-3 488.501694 254.862963 2.971719 257.834682 0.000000 233.638731
A-4 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-5 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
R ****.****** ****.****** *****.****** *****.****** 0.000000 ****.******
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:30:38 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1995-QS1 (POOL # 4180)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4180
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 22,384.80
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 75,576.33
MASTER SERVICER ADVANCES THIS MONTH 11,150.46
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 5,151,263.92
(B) TWO MONTHLY PAYMENTS: 9 844,549.44
(C) THREE OR MORE MONTHLY PAYMENTS: 9 866,687.52
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 1,997,082.92
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 106,426,414.69
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,293
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 9
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,355,853.33
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,438,778.06
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.14032370 % 1.85967630 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.10295880 % 1.89704120 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 9.34139793
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 286.97
POOL TRADING FACTOR: 41.17720910
................................................................................
Run: 02/01/99 11:36:18 REPT1B.FRG
Page: 1 of 2
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 14,210,556.52 6.750000 % 3,740,819.28
A-I-4 76110FAK9 31,852,000.00 31,852,000.00 6.900000 % 0.00
A-I-5 76110FAL7 14,535,000.00 14,535,000.00 7.050000 % 0.00
A-I-6 76110FAM5 18,417,136.00 18,417,136.00 7.250000 % 0.00
A-I-7 76110FAN3 20,000,000.00 20,000,000.00 6.700000 % 0.00
A-II 76110FAQ6 29,374,968.00 10,506,200.15 5.829469 % 485,295.87
R 0.53 1,706,332.45 0.000000 % 20,231.46
- -------------------------------------------------------------------------------
255,942,104.53 111,227,225.12 4,246,346.61
===============================================================================
_______________________________________________________________________________
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 79,934.38 3,820,753.66 0.00 0.00 10,469,737.24
A-I-4 183,149.00 183,149.00 0.00 0.00 31,852,000.00
A-I-5 85,393.13 85,393.13 0.00 0.00 14,535,000.00
A-I-6 111,270.20 111,270.20 0.00 0.00 18,417,136.00
A-I-7 111,666.67 111,666.67 0.00 0.00 20,000,000.00
A-II 52,739.24 538,035.11 0.00 0.00 10,020,904.28
R 0.00 20,231.46 0.00 0.00 1,582,969.25
- -------------------------------------------------------------------------------
624,152.62 4,870,499.23 0.00 0.00 106,877,746.77
===============================================================================
_______________________________________________________________________________
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-3 629.844718 165.801759 3.542877 169.344636 0.000000 464.042959
A-I-4 1000.000000 0.000000 5.750000 5.750000 0.000000 1000.000000
A-I-5 1000.000000 0.000000 5.875000 5.875000 0.000000 1000.000000
A-I-6 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-I-7 1000.000000 0.000000 5.583334 5.583334 0.000000 1000.000000
A-II 357.658267 16.520728 1.795380 18.316108 0.000000 341.137539
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:36:19 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS1 (POOL # 4194)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4194
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 23,413.59
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 68,038.66
MASTER SERVICER ADVANCES THIS MONTH 10,383.81
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 4,732,931.52
(B) TWO MONTHLY PAYMENTS: 4 567,596.02
(C) THREE OR MORE MONTHLY PAYMENTS: 5 980,183.19
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 2,183,600.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 106,877,746.77
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,027
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 6
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,328,262.26
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 3,921,254.47
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.46590400 % 1.53409600 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.51889720 % 1.48110280 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 1,584,285.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,584,285.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.95739200
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 296.26
POOL TRADING FACTOR: 41.75856371
................................................................................
Run: 02/01/99 11:31:17 REPT1B.FRG
Page: 1 of 2
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 28,500,000.00 226,518.88 7.050000 % 226,518.88
A-4 76110FAV5 15,000,000.00 15,000,000.00 7.050000 % 4,474,477.95
A-5 76110FAW3 14,000,000.00 14,000,000.00 7.350000 % 0.00
A-6 76110FAX1 10,000,000.00 10,000,000.00 7.450000 % 0.00
A-7 76110FAY9 26,000,000.00 26,000,000.00 7.250000 % 0.00
A-8 76110FAZ6 14,043,411.00 14,043,411.00 7.500000 % 0.00
A-9 76110FBA0 18,190,000.00 18,190,000.00 7.500000 % 0.00
A-10 76110FBB8 178,007.00 128,411.52 0.000000 % 20,147.63
R 0.00 1,752,260.78 0.000000 % 0.00
- -------------------------------------------------------------------------------
181,911,418.00 99,340,602.18 4,721,144.46
===============================================================================
_______________________________________________________________________________
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 1,330.80 227,849.68 0.00 0.00 0.00
A-4 88,125.00 4,562,602.95 0.00 0.00 10,525,522.05
A-5 85,750.00 85,750.00 0.00 0.00 14,000,000.00
A-6 62,083.33 62,083.33 0.00 0.00 10,000,000.00
A-7 157,083.33 157,083.33 0.00 0.00 26,000,000.00
A-8 87,771.32 87,771.32 0.00 0.00 14,043,411.00
A-9 113,687.50 113,687.50 0.00 0.00 18,190,000.00
A-10 0.00 20,147.63 0.00 0.00 108,263.89
R 23,485.13 23,485.13 66,853.40 0.00 1,819,114.18
- -------------------------------------------------------------------------------
619,316.41 5,340,460.87 66,853.40 0.00 94,686,311.12
===============================================================================
_______________________________________________________________________________
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 7.948031 7.948031 0.046695 7.994726 0.000000 0.000000
A-4 1000.000000 298.298530 5.875000 304.173530 0.000000 701.701470
A-5 1000.000000 0.000000 6.125000 6.125000 0.000000 1000.000000
A-6 1000.000000 0.000000 6.208333 6.208333 0.000000 1000.000000
A-7 1000.000000 0.000000 6.041667 6.041667 0.000000 1000.000000
A-8 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-9 1000.000000 0.000000 6.250000 6.250000 0.000000 1000.000000
A-10 721.384665 113.184482 0.000000 113.184482 0.000000 608.200183
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:31:17 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1996-QS2 (POOL # 4201)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4201
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 20,237.40
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 49,185.80
MASTER SERVICER ADVANCES THIS MONTH 5,538.90
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 31 3,268,746.25
(B) TWO MONTHLY PAYMENTS: 8 682,719.22
(C) THREE OR MORE MONTHLY PAYMENTS: 4 661,017.48
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,702,848.28
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 94,686,311.12
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,000
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 5
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 727,109.85
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,547,346.77
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR SUBORDINATE
PERCENTAGE FOR CURRENT DISTRIBUTION 98.23610820 % 1.76389180 %
CURRENT PREPAYMENT PERCENTAGE 100.00000000 % 0.00000000 %
PERCENTAGE FOR NEXT DISTRIBUTION 98.07879920 % 1.92120080 %
BANKRUPTCY AMOUNT AVAILABLE 0.00
FRAUD AMOUNT AVAILABLE 0.00
SPECIAL HAZARD AMOUNT AVAILABLE 0.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.80785375
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 302.70
POOL TRADING FACTOR: 52.05077953
................................................................................
Run: 02/01/99 11:36:24 REPT1B.FRG
Page: 1 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
_______________________________________________________________________________
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 12,273,938.08 7.460000 % 6,404,010.78
A-I-6 76110FBH5 21,696,000.00 21,696,000.00 7.750000 % 0.00
A-I-7 76110FBJ1 8,047,000.00 8,047,000.00 7.750000 % 0.00
A-I-8 76110FBK8 17,436,000.00 17,436,000.00 7.750000 % 0.00
A-I-9 76110FBL6 25,145,000.00 25,145,000.00 7.750000 % 0.00
A-I-10 76110FBM4 19,000,000.00 19,000,000.00 7.750000 % 0.00
A-I-11 76110FBN2 15,875,562.00 15,875,562.00 7.750000 % 0.00
A-II 76110FBP7 20,551,438.00 12,294,590.08 7.750000 % 592,257.01
A-P 76110FBQ5 1,166,695.86 909,753.62 0.000000 % 21,090.09
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 12,156,100.32 7.750000 % 12,671.75
M-2 76110FBU6 5,568,000.00 5,402,495.62 7.750000 % 5,631.66
M-3 76110FBV4 4,176,000.00 4,051,871.71 7.750000 % 4,223.75
B-1 1,809,600.00 1,755,811.06 7.750000 % 1,830.29
B-2 696,000.00 675,311.95 7.750000 % 703.96
B-3 1,670,738.96 1,481,543.89 7.750000 % 1,544.39
A-V 76110FHY2 0.00 0.00 0.690581 % 0.00
STRIP 0.00 0.00 0.000000 % 0.00
- -------------------------------------------------------------------------------
278,404,734.82 158,200,978.33 7,043,963.68
===============================================================================
_______________________________________________________________________________
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 75,954.47 6,479,965.25 0.00 0.00 5,869,927.30
A-I-6 139,480.02 139,480.02 0.00 0.00 21,696,000.00
A-I-7 51,732.84 51,732.84 0.00 0.00 8,047,000.00
A-I-8 112,093.18 112,093.18 0.00 0.00 17,436,000.00
A-I-9 161,653.07 161,653.07 0.00 0.00 25,145,000.00
A-I-10 122,147.87 122,147.87 0.00 0.00 19,000,000.00
A-I-11 102,061.38 102,061.38 0.00 0.00 15,875,562.00
A-II 79,039.90 671,296.91 0.00 0.00 11,702,333.07
A-P 0.00 21,090.09 0.00 0.00 888,663.53
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 78,149.57 90,821.32 0.00 0.00 12,143,428.57
M-2 34,731.76 40,363.42 0.00 0.00 5,396,863.96
M-3 26,048.82 30,272.57 0.00 0.00 4,047,647.96
B-1 11,287.82 13,118.11 0.00 0.00 1,753,980.77
B-2 4,341.47 5,045.43 0.00 0.00 674,607.99
B-3 9,524.60 11,068.99 0.00 0.00 1,479,999.50
A-V 90,626.31 90,626.31 0.00 0.00 0.00
STRIP 2,952.65 2,952.65 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,101,825.73 8,145,789.41 0.00 0.00 151,157,014.65
===============================================================================
Run: 02/01/99 11:36:24
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-5 660.350680 344.542464 4.086430 348.628894 0.000000 315.808215
A-I-6 1000.000000 0.000000 6.428836 6.428836 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.428836 6.428836 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.428836 6.428836 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.428836 6.428836 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.428835 6.428835 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.428836 6.428836 0.000000 1000.000000
A-II 598.235028 28.818276 3.845955 32.664231 0.000000 569.416752
A-P 779.769305 18.076769 0.000000 18.076769 0.000000 761.692536
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-1 970.275797 1.011434 6.237744 7.249178 0.000000 969.264363
M-2 970.275794 1.011433 6.237744 7.249177 0.000000 969.264361
M-3 970.275793 1.011434 6.237744 7.249178 0.000000 969.264358
B-1 970.275785 1.011433 6.237743 7.249176 0.000000 969.264351
B-2 970.275790 1.011437 6.237744 7.249181 0.000000 969.264353
B-3 886.759647 0.924375 5.700831 6.625206 0.000000 885.835273
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-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:36:24 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS3 (POOL # 4211)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4211
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 32,532.17
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 65,899.39
MASTER SERVICER ADVANCES THIS MONTH 1,838.77
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 5,209,976.83
(B) TWO MONTHLY PAYMENTS: 9 1,131,238.17
(C) THREE OR MORE MONTHLY PAYMENTS: 3 701,286.65
FORECLOSURES
NUMBER OF LOANS 15
AGGREGATE PRINCIPAL BALANCE 1,220,003.44
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 151,157,014.65
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,539
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 229,758.69
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,871,355.02
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.29157730 % 13.66013500 % 2.47322550 %
PREPAYMENT PERCENT 89.51977360 % 0.00000000 % 10.48022640 %
NEXT DISTRIBUTION 83.03266880 % 14.28179866 % 2.60107220 %
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 8.72382900
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 301.74
POOL TRADING FACTOR: 54.29398130
................................................................................
Run: 02/01/99 11:36:26 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 1,597,158.59 11.000000 % 768,297.67
A-I-3 76110FBY8 15,646,000.00 0.00 7.300000 % 0.00
A-I-4 76110FBZ5 32,740,000.00 3,570,733.44 7.500000 % 3,570,733.44
A-I-5 76110FCA9 10,023,000.00 10,023,000.00 7.700000 % 1,731,909.23
A-I-6 76110FCB7 26,811,000.00 26,811,000.00 8.000000 % 0.00
A-I-7 76110FCC5 18,046,000.00 18,046,000.00 8.000000 % 0.00
A-I-8 76110FCD3 9,094,000.00 9,094,000.00 8.000000 % 0.00
A-I-9 76110FCE1 10,284,000.00 10,284,000.00 8.000000 % 0.00
A-I-10 76110FCF8 27,538,000.00 27,538,000.00 7.900000 % 0.00
A-II-1 76110FCG6 16,021,000.00 5,300,184.31 7.250000 % 759,062.70
A-II-2 76110FCH4 8,580,000.00 8,580,000.00 7.650000 % 0.00
A-P 76110FCJ0 3,039,637.99 2,082,191.79 0.000000 % 41,778.13
A-V-1 0.00 0.00 0.943644 % 0.00
A-V-2 0.00 0.00 0.377407 % 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 12,842,887.91 8.000000 % 14,530.16
M-2 76110FCN1 5,570,800.00 5,407,593.04 8.000000 % 6,118.03
M-3 76110FCP6 4,456,600.00 4,326,035.62 8.000000 % 4,894.38
B-1 76110FCR2 2,228,400.00 2,163,114.89 8.000000 % 2,447.30
B-2 76110FCS0 696,400.00 677,340.39 8.000000 % 766.33
B-3 76110FCT8 1,671,255.97 1,092,268.19 8.000000 % 1,235.77
STRIP 0.00 0.00 0.171929 % 0.00
- -------------------------------------------------------------------------------
278,535,793.96 149,435,508.17 6,901,773.14
===============================================================================
_______________________________________________________________________________
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 14,521.88 782,819.55 0.00 0.00 828,860.92
A-I-3 0.00 0.00 0.00 0.00 0.00
A-I-4 22,136.08 3,592,869.52 0.00 0.00 0.00
A-I-5 63,792.63 1,795,701.86 0.00 0.00 8,291,090.77
A-I-6 177,290.33 177,290.33 0.00 0.00 26,811,000.00
A-I-7 119,330.92 119,330.92 0.00 0.00 18,046,000.00
A-I-8 60,134.96 60,134.96 0.00 0.00 9,094,000.00
A-I-9 68,003.94 68,003.94 0.00 0.00 10,284,000.00
A-I-10 179,821.46 179,821.46 0.00 0.00 27,538,000.00
A-II-1 31,762.24 790,824.94 0.00 0.00 4,541,121.61
A-II-2 54,253.88 54,253.88 0.00 0.00 8,580,000.00
A-P 0.00 41,778.13 0.00 0.00 2,040,413.66
A-V-1 77,903.99 77,903.99 0.00 0.00 0.00
A-V-2 15,459.71 15,459.71 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 84,924.84 99,455.00 0.00 0.00 12,828,357.75
M-2 35,758.23 41,876.26 0.00 0.00 5,401,475.01
M-3 28,606.33 33,500.71 0.00 0.00 4,321,141.24
B-1 14,303.81 16,751.11 0.00 0.00 2,160,667.59
B-2 4,478.98 5,245.31 0.00 0.00 676,574.06
B-3 7,222.73 8,458.50 0.00 0.00 1,091,032.42
STRIP 8,044.83 8,044.83 0.00 0.00 0.00
- -------------------------------------------------------------------------------
1,067,751.77 7,969,524.91 0.00 0.00 142,533,735.03
===============================================================================
Run: 02/01/99 11:36:26
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 59.274767 28.513552 0.538945 29.052497 0.000000 30.761214
A-I-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-4 109.063330 109.063330 0.676117 109.739447 0.000000 0.000000
A-I-5 1000.000000 172.793498 6.364624 179.158122 0.000000 827.206502
A-I-6 1000.000000 0.000000 6.612597 6.612597 0.000000 1000.000000
A-I-7 1000.000000 0.000000 6.612597 6.612597 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.612597 6.612597 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.612596 6.612596 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.529939 6.529939 0.000000 1000.000000
A-II-1 330.827309 47.379234 1.982538 49.361772 0.000000 283.448075
A-II-2 1000.000000 0.000000 6.323296 6.323296 0.000000 1000.000000
A-P 685.013083 13.744444 0.000000 13.744444 0.000000 671.268639
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-1 970.703141 1.098232 6.418869 7.517101 0.000000 969.604909
M-2 970.703138 1.098232 6.418868 7.517100 0.000000 969.604906
M-3 970.703141 1.098232 6.418869 7.517101 0.000000 969.604910
B-1 970.703146 1.098232 6.418870 7.517102 0.000000 969.604914
B-2 972.631232 1.100416 6.431620 7.532036 0.000000 971.530816
B-3 653.561279 0.739426 4.321738 5.061164 0.000000 652.821856
STRIP 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:36:27 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS4 (POOL # 4216)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4216
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 30,327.96
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 59,380.37
MASTER SERVICER ADVANCES THIS MONTH 9,221.58
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 45 4,191,843.77
(B) TWO MONTHLY PAYMENTS: 9 1,023,943.96
(C) THREE OR MORE MONTHLY PAYMENTS: 6 758,485.23
FORECLOSURES
NUMBER OF LOANS 10
AGGREGATE PRINCIPAL BALANCE 1,018,335.40
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 142,533,735.03
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,589
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 7
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 1,091,067.70
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,724,063.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 80.86704280 % 15.10786600 % 2.63171950 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 81.15266420 % 15.82149938 % 2.79605750 %
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 8.96975800
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 294.27
POOL TRADING FACTOR: 51.17250211
................................................................................
Run: 02/01/99 11:36:30 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 1,443,906.72 9.500000 % 694,325.24
A-I-2 76110FCV3 25,000,000.00 3,492,382.58 7.600000 % 1,679,367.96
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 3,849,032.89 7.800000 % 1,850,867.96
A-I-7 76110FDA8 16,926,000.00 16,926,000.00 8.000000 % 0.00
A-I-8 76110FDB6 6,884,000.00 6,884,000.00 8.000000 % 0.00
A-I-9 76110FDC4 11,229,000.00 11,229,000.00 8.000000 % 0.00
A-I-10 76110FDD2 22,501,000.00 22,501,000.00 8.000000 % 0.00
A-II-1 76110FDE0 11,162,000.00 4,042,827.49 8.000000 % 607,333.00
A-II-2 76110FDF7 4,525,000.00 4,525,000.00 8.000000 % 0.00
A-P 76110FDG5 1,105,878.69 827,413.56 0.000000 % 27,320.90
A-V-1 0.00 0.00 1.021110 % 0.00
A-V-2 0.00 0.00 0.483863 % 0.00
R 76110FDH3 100.00 0.00 8.000000 % 0.00
M-1 76110FDJ9 7,918,500.00 7,677,006.10 8.000000 % 8,642.88
M-2 76110FDK6 3,958,800.00 3,838,066.80 8.000000 % 4,320.95
M-3 76110FDL4 2,815,100.00 2,729,246.71 8.000000 % 3,072.62
B-1 76110FDM2 1,407,600.00 1,364,671.82 8.000000 % 1,536.37
B-2 76110FDN0 439,800.00 426,387.23 8.000000 % 480.03
B-3 76110FDP5 1,055,748.52 958,784.13 8.000000 % 0.00
- -------------------------------------------------------------------------------
175,944,527.21 92,714,726.03 4,877,267.91
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 11,243.09 705,568.33 0.00 0.00 749,581.48
A-I-2 21,754.95 1,701,122.91 0.00 0.00 1,813,014.62
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 24,607.58 1,875,475.54 0.00 0.00 1,998,164.93
A-I-7 110,985.73 110,985.73 0.00 0.00 16,926,000.00
A-I-8 45,139.18 45,139.18 0.00 0.00 6,884,000.00
A-I-9 73,629.84 73,629.84 0.00 0.00 11,229,000.00
A-I-10 147,541.64 147,541.64 0.00 0.00 22,501,000.00
A-II-1 26,509.28 633,842.28 0.00 0.00 3,435,494.49
A-II-2 29,670.95 29,670.95 0.00 0.00 4,525,000.00
A-P 0.00 27,320.90 0.00 0.00 800,092.66
A-V-1 54,326.03 54,326.03 0.00 0.00 0.00
A-V-2 11,027.11 11,027.11 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 50,339.01 58,981.89 0.00 0.00 7,668,363.22
M-2 25,166.64 29,487.59 0.00 0.00 3,833,745.85
M-3 17,895.99 20,968.61 0.00 0.00 2,726,174.09
B-1 8,948.31 10,484.68 0.00 0.00 1,363,135.45
B-2 2,795.87 3,275.90 0.00 0.00 425,907.20
B-3 6,218.48 6,218.48 0.00 0.00 957,704.73
- -------------------------------------------------------------------------------
667,799.68 5,545,067.59 0.00 0.00 87,836,378.72
===============================================================================
Run: 02/01/99 11:36:30
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 60.546240 29.114611 0.471448 29.586059 0.000000 31.431629
A-I-2 139.695303 67.174718 0.870198 68.044916 0.000000 72.520585
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-6 692.521211 333.009709 4.427416 337.437125 0.000000 359.511502
A-I-7 1000.000000 0.000000 6.557115 6.557115 0.000000 1000.000000
A-I-8 1000.000000 0.000000 6.557115 6.557115 0.000000 1000.000000
A-I-9 1000.000000 0.000000 6.557115 6.557115 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.557115 6.557115 0.000000 1000.000000
A-II-1 362.195618 54.410769 2.374958 56.785727 0.000000 307.784850
A-II-2 1000.000000 0.000000 6.557116 6.557116 0.000000 1000.000000
A-P 748.195591 24.705150 0.000000 24.705150 0.000000 723.490441
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-1 969.502570 1.091479 6.357140 7.448619 0.000000 968.411091
M-2 969.502577 1.091480 6.357139 7.448619 0.000000 968.411097
M-3 969.502579 1.091478 6.357142 7.448620 0.000000 968.411101
B-1 969.502572 1.091482 6.357140 7.448622 0.000000 968.411090
B-2 969.502569 1.091473 6.357140 7.448613 0.000000 968.411096
B-3 908.155789 0.000000 5.890115 5.890115 0.000000 907.133386
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:36:31 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS5 (POOL # 4222)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4222
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 18,637.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,210.34
MASTER SERVICER ADVANCES THIS MONTH 3,529.12
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 2,538,969.28
(B) TWO MONTHLY PAYMENTS: 10 946,491.32
(C) THREE OR MORE MONTHLY PAYMENTS: 4 460,832.96
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 931,581.13
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 87,836,378.72
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 973
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 432,784.89
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,769,490.51
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 80.77805210 % 15.36360000 % 2.96591850 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 80.49660510 % 16.19862222 % 3.15586460 %
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 9.11730600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 299.28
POOL TRADING FACTOR: 49.92276834
................................................................................
Run: 02/01/99 11:36:33 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7(POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-I-1 76110FDQ3 20,106,154.00 0.00 7.050000 % 0.00
A-I-2 76110FDR1 43,322,483.00 3,837,229.86 6.028750 % 1,093,134.10
A-I-3 76110FDS9 0.00 0.00 2.971250 % 0.00
A-I-4 76110FDT7 13,330,948.00 0.00 7.125000 % 0.00
A-I-5 76110FDU4 24,973,716.00 2,475,073.57 7.600000 % 2,475,073.57
A-I-6 76110FDV2 0.00 0.00 8.000000 % 0.00
A-I-7 76110FDW0 1,000,000.00 775,993.85 7.700000 % 221,061.91
A-I-8 76110FDX8 9,539,699.00 9,539,699.00 7.700000 % 947,644.93
A-I-9 76110FDY6 22,526,000.00 22,526,000.00 8.000000 % 0.00
A-I-10 76110FDZ3 11,650,000.00 11,650,000.00 8.000000 % 0.00
A-I-11 76110FEA7 30,421,000.00 30,421,000.00 8.000000 % 0.00
A-I-12 76110FEB5 8,619,000.00 8,619,000.00 8.000000 % 0.00
A-II 76110FEC3 20,104,000.00 12,357,157.86 8.000000 % 662,768.35
A-P 76110FED1 601,147.92 406,621.65 0.000000 % 5,612.11
A-V-1 0.00 0.00 0.894439 % 0.00
A-V-2 0.00 0.00 0.530273 % 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 8,871,249.24 8.000000 % 9,319.50
M-2 76110FEH2 5,126,400.00 4,989,530.22 8.000000 % 5,241.64
M-3 76110FEJ8 3,645,500.00 3,548,168.76 8.000000 % 3,727.45
B-1 1,822,700.00 1,774,035.73 8.000000 % 1,863.68
B-2 569,600.00 554,392.27 8.000000 % 582.40
B-3 1,366,716.75 1,155,264.84 8.000000 % 1,213.64
- -------------------------------------------------------------------------------
227,839,864.67 123,500,416.85 5,427,243.28
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 0.00 0.00 0.00 0.00 0.00
A-I-2 19,118.51 1,112,252.61 0.00 0.00 2,744,095.76
A-I-3 9,422.50 9,422.50 0.00 0.00 0.00
A-I-4 0.00 0.00 0.00 0.00 0.00
A-I-5 15,545.72 2,490,619.29 0.00 0.00 0.00
A-I-6 204.55 204.55 0.00 0.00 0.00
A-I-7 4,938.07 225,999.98 0.00 0.00 554,931.94
A-I-8 60,706.39 1,008,351.32 0.00 0.00 8,592,054.07
A-I-9 148,930.30 148,930.30 0.00 0.00 22,526,000.00
A-I-10 77,023.80 77,023.80 0.00 0.00 11,650,000.00
A-I-11 201,127.98 201,127.98 0.00 0.00 30,421,000.00
A-I-12 56,984.39 56,984.39 0.00 0.00 8,619,000.00
A-II 81,699.16 744,467.51 0.00 0.00 11,694,389.51
A-P 0.00 5,612.11 0.00 0.00 401,009.54
A-V-1 69,809.22 69,809.22 0.00 0.00 0.00
A-V-2 12,735.59 12,735.59 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 58,652.13 67,971.63 0.00 0.00 8,861,929.74
M-2 32,988.20 38,229.84 0.00 0.00 4,984,288.58
M-3 23,458.66 27,186.11 0.00 0.00 3,544,441.31
B-1 11,729.01 13,592.69 0.00 0.00 1,772,172.05
B-2 3,665.36 4,247.76 0.00 0.00 553,809.87
B-3 7,638.02 8,851.66 0.00 0.00 1,154,051.19
- -------------------------------------------------------------------------------
896,377.56 6,323,620.84 0.00 0.00 118,073,173.56
===============================================================================
Run: 02/01/99 11:36:33
Page: 2 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS7(POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4228
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-I-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-2 88.573636 25.232490 0.441307 25.673797 0.000000 63.341147
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 99.107140 99.107140 0.622483 99.729623 0.000000 0.000000
A-I-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-7 775.993850 221.061905 4.938070 225.999975 0.000000 554.931945
A-I-8 1000.000000 99.336984 6.363554 105.700538 0.000000 900.663016
A-I-9 1000.000000 0.000000 6.611485 6.611485 0.000000 1000.000000
A-I-10 1000.000000 0.000000 6.611485 6.611485 0.000000 1000.000000
A-I-11 1000.000000 0.000000 6.611485 6.611485 0.000000 1000.000000
A-I-12 1000.000000 0.000000 6.611485 6.611485 0.000000 1000.000000
A-II 614.661652 32.966989 4.063826 37.030815 0.000000 581.694663
A-P 676.408645 9.335651 0.000000 9.335651 0.000000 667.072994
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-1 973.300994 1.022480 6.434965 7.457445 0.000000 972.278514
M-2 973.300995 1.022480 6.434964 7.457444 0.000000 972.278515
M-3 973.300990 1.022480 6.434964 7.457444 0.000000 972.278511
B-1 973.300999 1.022483 6.434965 7.457448 0.000000 972.278515
B-2 973.301036 1.022472 6.434972 7.457444 0.000000 972.278564
B-3 845.284760 0.887997 5.588590 6.476587 0.000000 844.396757
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:36:34 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS7 (POOL # 4228)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4228
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 25,076.33
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 56,797.63
MASTER SERVICER ADVANCES THIS MONTH 2,705.58
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 4,177,227.35
(B) TWO MONTHLY PAYMENTS: 8 1,785,916.50
(C) THREE OR MORE MONTHLY PAYMENTS: 4 202,231.73
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 760,761.79
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 118,073,173.57
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,283
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 330,946.49
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,287,928.89
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 82.75369160 % 14.09626700 % 2.82079440 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.26369600 % 14.72871365 % 2.95739710 %
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 9.11296600
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 300.98
POOL TRADING FACTOR: 51.82287733
................................................................................
Run: 02/01/99 11:31:54 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1996-QS8(POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4231
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
A-1 76110FEK5 4,000,000.00 1,241,478.74 7.400000 % 180,349.32
A-2 76110FEL3 4,074,824.00 0.00 7.300000 % 0.00
A-3 76110FEM1 13,128,206.00 7,230,907.87 7.050000 % 1,527,270.95
A-4 76110FEN9 3,765,148.00 3,765,148.00 7.300000 % 0.00
A-5 76110FEP4 10,500,000.00 2,469,233.71 7.400000 % 736,478.98
A-6 76110FEQ2 2,600,500.00 2,600,500.00 7.400000 % 0.00
A-7 76110FER0 31,579,563.00 11,970,872.93 6.128750 % 1,437,457.55
A-8 76110FES8 0.00 0.00 2.871250 % 0.00
A-9 76110FET6 32,965,000.00 0.00 0.000000 % 0.00
A-10 76110FEU3 20,953,719.00 17,139,186.32 7.400000 % 1,162,407.79
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 83,721.23 0.000000 % 4,436.53
A-15-1 0.00 0.00 0.986952 % 0.00
A-15-2 0.00 0.00 0.578526 % 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 6,416,266.79 7.750000 % 4,938.70
M-2 76110FFC2 4,440,700.00 4,277,543.32 7.750000 % 3,292.49
M-3 76110FFD0 3,108,500.00 2,994,289.96 7.750000 % 2,304.75
B-1 1,509,500.00 1,454,039.14 7.750000 % 1,119.20
B-2 444,000.00 427,686.92 7.750000 % 329.20
B-3 1,154,562.90 1,012,450.63 7.750000 % 779.23
- -------------------------------------------------------------------------------
177,623,205.60 99,705,283.56 5,061,164.69
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 7,617.94 187,967.26 0.00 0.00 1,061,129.42
A-2 0.00 0.00 0.00 0.00 0.00
A-3 42,271.55 1,569,542.50 0.00 0.00 5,703,636.92
A-4 22,791.41 22,791.41 0.00 0.00 3,765,148.00
A-5 15,151.66 751,630.64 0.00 0.00 1,732,754.73
A-6 15,957.14 15,957.14 0.00 0.00 2,600,500.00
A-7 60,836.47 1,498,294.02 0.00 0.00 10,533,415.38
A-8 28,501.20 28,501.20 0.00 0.00 0.00
A-9 0.00 0.00 0.00 0.00 0.00
A-10 105,169.11 1,267,576.90 0.00 0.00 15,976,778.53
A-11 89,808.99 89,808.99 0.00 0.00 13,975,000.00
A-12 12,852.81 12,852.81 0.00 0.00 2,000,000.00
A-13 132,685.68 132,685.68 0.00 0.00 20,646,958.00
A-14 0.00 4,436.53 0.00 0.00 79,284.70
A-15-1 64,671.98 64,671.98 0.00 0.00 0.00
A-15-2 9,921.72 9,921.72 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 41,233.52 46,172.22 0.00 0.00 6,411,328.09
M-2 27,489.22 30,781.71 0.00 0.00 4,274,250.83
M-3 19,242.51 21,547.26 0.00 0.00 2,991,985.21
B-1 9,344.24 10,463.44 0.00 0.00 1,452,919.94
B-2 2,748.48 3,077.68 0.00 0.00 427,357.72
B-3 6,506.41 7,285.64 0.00 0.00 1,011,671.35
- -------------------------------------------------------------------------------
714,802.04 5,775,966.73 0.00 0.00 94,644,118.82
===============================================================================
Run: 02/01/99 11:31:54
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-1 310.369685 45.087329 1.904485 46.991814 0.000000 265.282356
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 550.791774 116.335084 3.219903 119.554987 0.000000 434.456690
A-4 1000.000000 0.000000 6.053257 6.053257 0.000000 1000.000000
A-5 235.165115 70.140855 1.443015 71.583870 0.000000 165.024260
A-6 1000.000000 0.000000 6.136182 6.136182 0.000000 1000.000000
A-7 379.070253 45.518602 1.926451 47.445053 0.000000 333.551651
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-10 817.954384 55.475011 5.019114 60.494125 0.000000 762.479373
A-11 1000.000000 0.000000 6.426404 6.426404 0.000000 1000.000000
A-12 1000.000000 0.000000 6.426405 6.426405 0.000000 1000.000000
A-13 1000.000000 0.000000 6.426403 6.426403 0.000000 1000.000000
A-14 722.827083 38.303833 0.000000 38.303833 0.000000 684.523249
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-1 963.258788 0.741435 6.190290 6.931725 0.000000 962.517353
M-2 963.258793 0.741435 6.190290 6.931725 0.000000 962.517358
M-3 963.258794 0.741435 6.190288 6.931723 0.000000 962.517359
B-1 963.258788 0.741438 6.190288 6.931726 0.000000 962.517350
B-2 963.258829 0.741441 6.190270 6.931711 0.000000 962.517387
B-3 876.912492 0.674913 5.635388 6.310301 0.000000 876.237535
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:31:55 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1996-QS8 (POOL # 4231)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4231
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 20,353.95
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 36,075.84
MASTER SERVICER ADVANCES THIS MONTH 1,315.13
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,177,605.10
(B) TWO MONTHLY PAYMENTS: 7 519,662.04
(C) THREE OR MORE MONTHLY PAYMENTS: 3 284,428.64
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 536,319.20
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 94,644,118.82
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,016
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 161,405.85
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,984,370.82
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 83.35473130 % 13.74009800 % 2.90517100 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 82.47814500 % 14.45157322 % 3.05816540 %
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 8.97661014
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 322.19
POOL TRADING FACTOR: 53.28364529
................................................................................
Run: 02/01/99 11:32:07 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 13,466,544.28 6.750000 % 6,315,235.38
A-5 76110FFJ7 10,253,000.00 6,153,010.00 6.750000 % 1,485,937.78
A-6 76110FFK4 31,511,646.00 15,484,908.16 11.000000 % 1,671,679.91
A-7 76110FFL2 17,652,000.00 17,652,000.00 6.750000 % 0.00
A-8 76110FFM0 5,655,589.00 5,655,589.00 6.750000 % 0.00
A-9 76110FFN8 19,068,000.00 19,068,000.00 6.750000 % 0.00
A-10 76110FFP3 10,267,765.00 10,267,765.00 6.750000 % 0.00
A-11 76110FFQ1 47,506,000.00 47,506,000.00 7.500000 % 0.00
A-12 76110FFR9 212,947.62 148,746.39 0.000000 % 8,870.41
A-13-1 0.00 0.00 1.018476 % 0.00
A-13-2 0.00 0.00 0.651926 % 0.00
R 76110FFT5 100.00 0.00 7.500000 % 0.00
M-1 76110FFV0 9,377,000.00 9,215,276.79 7.500000 % 6,649.25
M-2 76110FFW8 6,251,000.00 6,143,190.29 7.500000 % 4,432.60
M-3 76110FFW8 4,375,700.00 4,300,233.19 7.500000 % 3,102.82
B-1 1,624,900.00 1,596,875.68 7.500000 % 1,152.22
B-2 624,800.00 614,024.21 7.500000 % 443.05
B-3 1,500,282.64 1,400,557.00 7.500000 % 1,010.57
- -------------------------------------------------------------------------------
250,038,730.26 158,672,719.99 9,498,513.99
===============================================================================
_______________________________________________________________________________
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 74,763.79 6,389,999.17 0.00 0.00 7,151,308.90
A-5 34,160.38 1,520,098.16 0.00 0.00 4,667,072.22
A-6 140,098.24 1,811,778.15 0.00 0.00 13,813,228.25
A-7 98,000.67 98,000.67 0.00 0.00 17,652,000.00
A-8 31,398.80 31,398.80 0.00 0.00 5,655,589.00
A-9 105,862.05 105,862.05 0.00 0.00 19,068,000.00
A-10 57,004.75 57,004.75 0.00 0.00 10,267,765.00
A-11 293,049.57 293,049.57 0.00 0.00 47,506,000.00
A-12 0.00 8,870.41 0.00 0.00 139,875.98
A-13-1 102,946.56 102,946.56 0.00 0.00 0.00
A-13-2 19,184.85 19,184.85 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 56,846.14 63,495.39 0.00 0.00 9,208,627.54
M-2 37,895.41 42,328.01 0.00 0.00 6,138,757.69
M-3 26,526.79 29,629.61 0.00 0.00 4,297,130.37
B-1 9,850.62 11,002.84 0.00 0.00 1,595,723.46
B-2 3,787.72 4,230.77 0.00 0.00 613,581.16
B-3 8,639.59 9,650.16 0.00 0.00 1,399,546.43
- -------------------------------------------------------------------------------
1,100,015.93 10,598,529.92 0.00 0.00 149,174,206.00
===============================================================================
Run: 02/01/99 11:32:07
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-4 844.933133 396.237632 4.690914 400.928546 0.000000 448.695501
A-5 600.118014 144.927122 3.331745 148.258867 0.000000 455.190892
A-6 491.402707 53.049590 4.445919 57.495509 0.000000 438.353117
A-7 1000.000000 0.000000 5.551817 5.551817 0.000000 1000.000000
A-8 1000.000000 0.000000 5.551818 5.551818 0.000000 1000.000000
A-9 1000.000000 0.000000 5.551817 5.551817 0.000000 1000.000000
A-10 1000.000000 0.000000 5.551817 5.551817 0.000000 1000.000000
A-11 1000.000000 0.000000 6.168685 6.168685 0.000000 1000.000000
A-12 698.511634 41.655361 0.000000 41.655361 0.000000 656.856273
A-13-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-13-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 982.753204 0.709102 6.062295 6.771397 0.000000 982.044102
M-2 982.753206 0.709103 6.062296 6.771399 0.000000 982.044103
M-3 982.753203 0.709103 6.062296 6.771399 0.000000 982.044100
B-1 982.753203 0.709102 6.062293 6.771395 0.000000 982.044101
B-2 982.753217 0.709107 6.062292 6.771399 0.000000 982.044110
B-3 933.528765 0.673586 5.758642 6.432228 0.000000 932.855179
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:32:09 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS1 (POOL # 4237)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4237
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 32,411.04
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 47,250.17
MASTER SERVICER ADVANCES THIS MONTH 1,300.66
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 3,916,301.31
(B) TWO MONTHLY PAYMENTS: 3 292,837.91
(C) THREE OR MORE MONTHLY PAYMENTS: 8 870,569.97
FORECLOSURES
NUMBER OF LOANS 8
AGGREGATE PRINCIPAL BALANCE 1,010,272.22
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 149,174,206.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,519
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 163,605.96
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 9,383,980.69
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 85.32073310 % 12.40109000 % 2.27817710 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 84.39730860 % 13.16884207 % 2.42148980 %
BANKRUPTCY AMOUNT AVAILABLE 182,005.00
FRAUD AMOUNT AVAILABLE 2,143,653.00
SPECIAL HAZARD AMOUNT AVAILABLE 2,143,653.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.77030458
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 327.16
POOL TRADING FACTOR: 59.66043974
................................................................................
Run: 02/01/99 11:32:16 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 13,387,587.63 9.000000 % 1,446,116.14
A-2 76110FFZ1 37,000,000.00 0.00 7.250000 % 0.00
A-3 76110FGA5 5,200,000.00 3,989,534.00 7.250000 % 3,118,155.10
A-4 76110FGB3 18,200,000.00 18,200,000.00 7.250000 % 0.00
A-5 76110FGC1 10,000,000.00 3,908,007.26 7.250000 % 497,135.48
A-6 76110FGD9 7,371,430.00 7,371,430.00 7.250000 % 0.00
A-7 76110FGE7 10,400,783.00 10,400,783.00 7.750000 % 0.00
A-8 76110FGF4 31,000,000.00 31,000,000.00 7.750000 % 0.00
A-9 76110FGG2 130,561.76 111,755.25 0.000000 % 592.12
A-10-1 0.00 0.00 0.791864 % 0.00
A-10-2 0.00 0.00 0.483830 % 0.00
R 76100FGJ6 100.00 0.00 7.750000 % 0.00
M-1 76110FGK3 4,931,600.00 4,840,685.67 7.750000 % 14,620.98
M-2 76110FGL1 4,109,600.00 4,033,839.28 7.750000 % 12,183.95
M-3 76110FGM9 2,630,200.00 2,581,712.11 7.750000 % 7,797.89
B-1 1,068,500.00 1,048,802.13 7.750000 % 3,167.84
B-2 410,900.00 403,325.05 7.750000 % 1,218.22
B-3 821,738.81 804,365.59 7.750000 % 2,429.53
- -------------------------------------------------------------------------------
164,383,983.57 102,081,826.97 5,103,417.25
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 99,017.41 1,545,133.55 0.00 0.00 11,941,471.49
A-2 0.00 0.00 0.00 0.00 0.00
A-3 23,769.87 3,141,924.97 0.00 0.00 871,378.90
A-4 108,436.66 108,436.66 0.00 0.00 18,200,000.00
A-5 23,284.14 520,419.62 0.00 0.00 3,410,871.78
A-6 43,919.41 43,919.41 0.00 0.00 7,371,430.00
A-7 66,242.15 66,242.15 0.00 0.00 10,400,783.00
A-8 197,437.72 197,437.72 0.00 0.00 31,000,000.00
A-9 0.00 592.12 0.00 0.00 111,163.13
A-10-1 51,520.48 51,520.48 0.00 0.00 0.00
A-10-2 9,109.89 9,109.89 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 30,830.13 45,451.11 0.00 0.00 4,826,064.69
M-2 25,691.36 37,875.31 0.00 0.00 4,021,655.33
M-3 16,442.82 24,240.71 0.00 0.00 2,573,914.22
B-1 6,679.77 9,847.61 0.00 0.00 1,045,634.29
B-2 2,568.76 3,786.98 0.00 0.00 402,106.83
B-3 5,122.97 7,552.50 0.00 0.00 798,482.28
- -------------------------------------------------------------------------------
710,073.54 5,813,490.79 0.00 0.00 96,974,955.94
===============================================================================
Run: 02/01/99 11:32:16
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-1 430.350467 46.486101 3.182962 49.669063 0.000000 383.864366
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3 767.218077 599.645212 4.571129 604.216341 0.000000 167.572865
A-4 1000.000000 0.000000 5.958058 5.958058 0.000000 1000.000000
A-5 390.800726 49.713548 2.328414 52.041962 0.000000 341.087178
A-6 1000.000000 0.000000 5.958058 5.958058 0.000000 1000.000000
A-7 1000.000000 0.000000 6.368958 6.368958 0.000000 1000.000000
A-8 1000.000000 0.000000 6.368959 6.368959 0.000000 1000.000000
A-9 855.956982 4.535172 0.000000 4.535172 0.000000 851.421810
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-1 981.564942 2.964754 6.251547 9.216301 0.000000 978.600189
M-2 981.564941 2.964753 6.251548 9.216301 0.000000 978.600187
M-3 981.564942 2.964752 6.251547 9.216299 0.000000 978.600190
B-1 981.564932 2.964754 6.251540 9.216294 0.000000 978.600178
B-2 981.564979 2.964760 6.251545 9.216305 0.000000 978.600219
B-3 978.857978 2.956572 6.234305 9.190877 0.000000 971.698392
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:32:17 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1997-QS2 (POOL # 4240)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4240
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 20,664.94
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 37,986.69
MASTER SERVICER ADVANCES THIS MONTH 693.25
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 35 3,392,057.72
(B) TWO MONTHLY PAYMENTS: 5 566,198.77
(C) THREE OR MORE MONTHLY PAYMENTS: 4 291,794.95
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 593,865.98
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 96,974,955.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,041
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 84,628.64
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,773,095.78
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.55220140 % 11.23490100 % 2.21289710 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.88961130 % 11.77792156 % 2.31895050 %
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 8.79175848
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 327.95
POOL TRADING FACTOR: 58.99294678
................................................................................
Run: 02/01/99 11:32:21 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 11,943,482.66 7.500000 % 4,562,012.95
A-3 76110FGU1 16,821,000.00 16,821,000.00 7.500000 % 0.00
A-4 76110FGV9 23,490,000.00 23,490,000.00 7.750000 % 0.00
A-5 76110FGW7 7,138,000.00 7,138,000.00 7.750000 % 0.00
A-6 76110FGX5 1,000,000.00 1,000,000.00 7.750000 % 0.00
A-7 76110FGY3 15,374,000.00 4,109,211.81 9.500000 % 651,716.14
A-8 76110FGZ0 27,500,000.00 27,500,000.00 7.750000 % 0.00
A-9 76110FHA4 107,351.50 92,148.32 0.000000 % 90.97
A-10-1 0.00 0.00 0.809128 % 0.00
A-10-2 0.00 0.00 0.480617 % 0.00
R 76110FHC0 100.00 0.00 7.750000 % 0.00
M-1 76110FHD8 5,346,700.00 5,259,781.04 7.750000 % 3,639.83
M-2 76110FHE6 4,112,900.00 4,046,038.39 7.750000 % 2,799.90
M-3 76110FHF3 2,632,200.00 2,589,409.45 7.750000 % 1,791.90
B-1 1,069,400.00 1,052,015.24 7.750000 % 728.01
B-2 411,200.00 404,515.32 7.750000 % 279.93
B-3 823,585.68 810,196.98 7.750000 % 560.65
- -------------------------------------------------------------------------------
164,514,437.18 106,255,799.21 5,223,620.28
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 73,782.43 4,635,795.38 0.00 0.00 7,381,469.71
A-3 103,913.93 103,913.93 0.00 0.00 16,821,000.00
A-4 149,949.63 149,949.63 0.00 0.00 23,490,000.00
A-5 45,565.79 45,565.79 0.00 0.00 7,138,000.00
A-6 6,383.55 6,383.55 0.00 0.00 1,000,000.00
A-7 32,154.58 683,870.72 0.00 0.00 3,457,495.67
A-8 175,547.68 175,547.68 0.00 0.00 27,500,000.00
A-9 0.00 90.97 0.00 0.00 92,057.35
A-10-1 53,437.65 53,437.65 0.00 0.00 0.00
A-10-2 10,322.52 10,322.52 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 33,576.09 37,215.92 0.00 0.00 5,256,141.21
M-2 25,828.09 28,627.99 0.00 0.00 4,043,238.49
M-3 16,529.63 18,321.53 0.00 0.00 2,587,617.55
B-1 6,715.60 7,443.61 0.00 0.00 1,051,287.23
B-2 2,582.24 2,862.17 0.00 0.00 404,235.39
B-3 5,171.93 5,732.58 0.00 0.00 809,636.33
- -------------------------------------------------------------------------------
741,461.34 5,965,081.62 0.00 0.00 101,032,178.93
===============================================================================
Run: 02/01/99 11:32:21
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-2 449.357864 171.639751 2.775967 174.415718 0.000000 277.718112
A-3 1000.000000 0.000000 6.177631 6.177631 0.000000 1000.000000
A-4 1000.000000 0.000000 6.383552 6.383552 0.000000 1000.000000
A-5 1000.000000 0.000000 6.383551 6.383551 0.000000 1000.000000
A-6 1000.000000 0.000000 6.383550 6.383550 0.000000 1000.000000
A-7 267.283193 42.390798 2.091491 44.482289 0.000000 224.892395
A-8 1000.000000 0.000000 6.383552 6.383552 0.000000 1000.000000
A-9 858.379436 0.847403 0.000000 0.847403 0.000000 857.532033
A-10-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-10-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 983.743438 0.680762 6.279778 6.960540 0.000000 983.062676
M-2 983.743439 0.680761 6.279776 6.960537 0.000000 983.062678
M-3 983.743428 0.680761 6.279777 6.960538 0.000000 983.062666
B-1 983.743445 0.680765 6.279783 6.960548 0.000000 983.062680
B-2 983.743482 0.680764 6.279767 6.960531 0.000000 983.062719
B-3 983.743404 0.680767 6.279772 6.960539 0.000000 983.062656
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:32:22 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS3 (POOL # 4244)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4244
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 21,419.52
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 25,036.63
MASTER SERVICER ADVANCES THIS MONTH 5,103.73
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 21 1,871,888.89
(B) TWO MONTHLY PAYMENTS: 2 220,994.65
(C) THREE OR MORE MONTHLY PAYMENTS: 4 417,456.12
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 719,504.87
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 101,032,178.93
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,009
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 633,945.66
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,150,075.05
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 86.66025870 % 11.20461500 % 2.13512580 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 85.97965210 % 11.76555566 % 2.24406200 %
BANKRUPTCY AMOUNT AVAILABLE 100,000.00
FRAUD AMOUNT AVAILABLE 2,785,164.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,623,566.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.79971622
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 332.02
POOL TRADING FACTOR: 61.41234816
................................................................................
Run: 02/01/99 11:32:28 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 16,252,719.07 7.250000 % 6,461,494.83
A-3 76110FHM8 22,398,546.00 22,398,546.00 7.250000 % 0.00
A-4 76110FHN6 24,498,244.00 10,553,069.33 10.000000 % 1,435,887.74
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 155,284.33 125,813.18 0.000000 % 1,849.15
A-9-1 0.00 0.00 0.800862 % 0.00
A-9-2 0.00 0.00 0.514250 % 0.00
R 76110FHU0 100.00 0.00 7.750000 % 0.00
M-1 76110FHV8 7,186,600.00 7,086,974.74 7.750000 % 4,969.60
M-2 76110FHW6 4,975,300.00 4,906,329.19 7.750000 % 3,440.47
M-3 76110FHX4 3,316,900.00 3,270,919.01 7.750000 % 2,293.67
B-1 1,216,200.00 1,199,340.26 7.750000 % 841.01
B-2 552,900.00 545,235.36 7.750000 % 382.34
B-3 995,114.30 954,070.04 7.750000 % 669.01
- -------------------------------------------------------------------------------
221,126,398.63 144,118,216.18 7,911,827.82
===============================================================================
_______________________________________________________________________________
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 96,917.13 6,558,411.96 0.00 0.00 9,791,224.24
A-3 133,565.52 133,565.52 0.00 0.00 22,398,546.00
A-4 86,799.11 1,522,686.85 0.00 0.00 9,117,181.59
A-5 109,033.43 109,033.43 0.00 0.00 17,675,100.00
A-6 45,577.48 45,577.48 0.00 0.00 7,150,100.00
A-7 331,467.96 331,467.96 0.00 0.00 52,000,000.00
A-8 0.00 1,849.15 0.00 0.00 123,964.03
A-9-1 74,635.44 74,635.44 0.00 0.00 0.00
A-9-2 13,032.87 13,032.87 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 45,175.10 50,144.70 0.00 0.00 7,082,005.14
M-2 31,274.83 34,715.30 0.00 0.00 4,902,888.72
M-3 20,850.10 23,143.77 0.00 0.00 3,268,625.34
B-1 7,645.06 8,486.07 0.00 0.00 1,198,499.25
B-2 3,475.54 3,857.88 0.00 0.00 544,853.02
B-3 6,081.61 6,750.62 0.00 0.00 953,401.03
- -------------------------------------------------------------------------------
1,005,531.18 8,917,359.00 0.00 0.00 136,206,388.36
===============================================================================
Run: 02/01/99 11:32:28
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-2 454.303817 180.614810 2.709074 183.323884 0.000000 273.689007
A-3 1000.000000 0.000000 5.963133 5.963133 0.000000 1000.000000
A-4 430.768398 58.611864 3.543075 62.154939 0.000000 372.156535
A-5 1000.000000 0.000000 6.168759 6.168759 0.000000 1000.000000
A-6 1000.000000 0.000000 6.374384 6.374384 0.000000 1000.000000
A-7 1000.000000 0.000000 6.374384 6.374384 0.000000 1000.000000
A-8 810.211694 11.908156 0.000000 11.908156 0.000000 798.303538
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 986.137358 0.691509 6.286018 6.977527 0.000000 985.445849
M-2 986.137357 0.691510 6.286019 6.977529 0.000000 985.445847
M-3 986.137360 0.691510 6.286020 6.977530 0.000000 985.445850
B-1 986.137362 0.691506 6.286022 6.977528 0.000000 985.445856
B-2 986.137385 0.691517 6.286019 6.977536 0.000000 985.445867
B-3 958.754226 0.672305 6.111469 6.783774 0.000000 958.081931
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:32:29 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS4 (POOL # 4247)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4247
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 29,266.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,569.68
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 30 3,475,310.94
(B) TWO MONTHLY PAYMENTS: 10 529,819.02
(C) THREE OR MORE MONTHLY PAYMENTS: 3 445,747.30
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 615,859.43
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 136,206,388.36
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,377
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 7,810,749.87
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.52512760 % 10.60071400 % 1.87415840 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.80926460 % 11.19882803 % 1.98170580 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 1,743,213.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,497,768.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.81527267
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 331.95
POOL TRADING FACTOR: 61.59662040
................................................................................
Run: 02/01/99 11:32:31 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 12,473,296.38 10.000000 % 1,388,983.33
A-4 76110FJC8 24,000,000.00 21,477,032.82 7.250000 % 3,703,955.55
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 340,158.57 262,171.71 0.000000 % 6,800.07
A-11-1 0.00 0.00 0.709806 % 0.00
A-11-2 0.00 0.00 0.366748 % 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 6,631,520.75 8.000000 % 4,491.20
M-2 76110FJP9 4,330,000.00 4,266,639.66 8.000000 % 2,889.59
M-3 76110FJQ7 2,886,000.00 2,843,769.54 8.000000 % 1,925.95
B-1 1,058,000.00 1,042,518.41 8.000000 % 706.05
B-2 481,000.00 473,961.58 8.000000 % 320.99
B-3 866,066.26 853,393.25 8.000000 % 577.96
- -------------------------------------------------------------------------------
192,360,424.83 127,936,395.10 5,110,650.69
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 0.00 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00 0.00
A-3 103,785.29 1,492,768.62 0.00 0.00 11,084,313.05
A-4 129,558.77 3,833,514.32 0.00 0.00 17,773,077.27
A-5 71,092.78 71,092.78 0.00 0.00 11,785,091.00
A-6 120,768.48 120,768.48 0.00 0.00 18,143,000.00
A-7 31,731.43 31,731.43 0.00 0.00 4,767,000.00
A-8 26,782.14 26,782.14 0.00 0.00 0.00
A-9 258,893.95 258,893.95 0.00 0.00 42,917,000.00
A-10 0.00 6,800.07 0.00 0.00 255,371.64
A-11-1 57,302.07 57,302.07 0.00 0.00 0.00
A-11-2 9,433.34 9,433.34 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 44,142.58 48,633.78 0.00 0.00 6,627,029.55
M-2 28,400.79 31,290.38 0.00 0.00 4,263,750.07
M-3 18,929.49 20,855.44 0.00 0.00 2,841,843.59
B-1 6,939.50 7,645.55 0.00 0.00 1,041,812.36
B-2 3,154.91 3,475.90 0.00 0.00 473,640.59
B-3 5,680.60 6,258.56 0.00 0.00 834,160.77
- -------------------------------------------------------------------------------
916,596.12 6,027,246.81 0.00 0.00 122,807,089.89
===============================================================================
Run: 02/01/99 11:32:31
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-3 416.374613 46.366043 3.464486 49.830529 0.000000 370.008570
A-4 894.876368 154.331481 5.398282 159.729763 0.000000 740.544886
A-5 1000.000000 0.000000 6.032434 6.032434 0.000000 1000.000000
A-6 1000.000000 0.000000 6.656478 6.656478 0.000000 1000.000000
A-7 1000.000000 0.000000 6.656478 6.656478 0.000000 1000.000000
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 1000.000000 0.000000 6.032434 6.032434 0.000000 1000.000000
A-10 770.733808 19.990882 0.000000 19.990882 0.000000 750.742926
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-1 985.367125 0.667340 6.559076 7.226416 0.000000 984.699785
M-2 985.367127 0.667342 6.559074 7.226416 0.000000 984.699785
M-3 985.367131 0.667342 6.559075 7.226417 0.000000 984.699789
B-1 985.367117 0.667344 6.559074 7.226418 0.000000 984.699773
B-2 985.367110 0.667339 6.559064 7.226403 0.000000 984.699771
B-3 985.367159 0.667339 6.559082 7.226421 0.000000 963.160446
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:32:32 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS5 (POOL # 4248)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4248
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 26,180.54
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 42,127.87
MASTER SERVICER ADVANCES THIS MONTH 2,061.72
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 29 3,209,135.01
(B) TWO MONTHLY PAYMENTS: 4 300,427.65
(C) THREE OR MORE MONTHLY PAYMENTS: 6 544,665.79
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 1,261,684.21
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 122,807,089.89
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,236
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 267,498.06
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,997,992.80
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.38053560 % 10.76327700 % 1.85618770 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 86.87718360 % 11.18227231 % 1.91724260 %
BANKRUPTCY AMOUNT AVAILABLE 146,943.00
FRAUD AMOUNT AVAILABLE 1,490,509.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,490,509.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.93155533
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.00
POOL TRADING FACTOR: 63.84218063
................................................................................
Run: 02/01/99 11:32:33 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 15,744,697.34 7.500000 % 3,774,417.46
A-2 76110FJS3 15,683,000.00 15,683,000.00 7.500000 % 0.00
A-3 76110FJT1 18,746,000.00 18,746,000.00 7.500000 % 0.00
A-4 76110FJU8 2,046,000.00 2,046,000.00 7.500000 % 0.00
A-5 76110FJV6 21,277,000.00 20,079,471.82 7.500000 % 82,320.74
A-6 76110FJW4 164,986.80 110,149.53 0.000000 % 9,164.97
A-7-1 0.00 0.00 0.854027 % 0.00
A-7-2 0.00 0.00 0.354591 % 0.00
R 76110FJY0 100.00 0.00 7.500000 % 0.00
M-1 2,654,400.00 2,505,002.03 7.500000 % 10,269.87
M-2 76110FKA0 1,061,700.00 1,001,944.20 7.500000 % 4,107.72
M-3 76110FKB8 690,100.00 651,259.00 7.500000 % 2,670.00
B-1 371,600.00 350,685.18 7.500000 % 1,437.72
B-2 159,300.00 150,334.08 7.500000 % 616.33
B-3 372,446.48 351,484.04 7.500000 % 1,440.99
- -------------------------------------------------------------------------------
106,172,633.28 77,420,027.22 3,886,445.80
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 97,792.77 3,872,210.23 0.00 0.00 11,970,279.88
A-2 97,409.55 97,409.55 0.00 0.00 15,683,000.00
A-3 116,434.32 116,434.32 0.00 0.00 18,746,000.00
A-4 12,708.02 12,708.02 0.00 0.00 2,046,000.00
A-5 124,716.72 207,037.46 0.00 0.00 19,997,151.08
A-6 0.00 9,164.97 0.00 0.00 100,984.56
A-7-1 43,637.82 43,637.82 0.00 0.00 0.00
A-7-2 4,616.49 4,616.49 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 15,558.95 25,828.82 0.00 0.00 2,494,732.16
M-2 6,223.23 10,330.95 0.00 0.00 997,836.48
M-3 4,045.07 6,715.07 0.00 0.00 648,589.00
B-1 2,178.16 3,615.88 0.00 0.00 349,247.46
B-2 933.75 1,550.08 0.00 0.00 149,717.75
B-3 2,183.13 3,624.12 0.00 0.00 350,043.05
- -------------------------------------------------------------------------------
528,437.98 4,414,883.78 0.00 0.00 73,533,581.42
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 366.616154 87.887521 2.277110 90.164631 0.000000 278.728633
A-2 1000.000000 0.000000 6.211155 6.211155 0.000000 1000.000000
A-3 1000.000000 0.000000 6.211155 6.211155 0.000000 1000.000000
A-4 1000.000000 0.000000 6.211153 6.211153 0.000000 1000.000000
A-5 943.717245 3.869001 5.861574 9.730575 0.000000 939.848244
A-6 667.626319 55.549717 0.000000 55.549717 0.000000 612.076603
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-1 943.716859 3.868999 5.861569 9.730568 0.000000 939.847860
M-2 943.716869 3.869003 5.861571 9.730574 0.000000 939.847867
M-3 943.716853 3.869004 5.861571 9.730575 0.000000 939.847848
B-1 943.716846 3.868999 5.861572 9.730571 0.000000 939.847847
B-2 943.716761 3.868989 5.861582 9.730571 0.000000 939.847772
B-3 943.716907 3.869012 5.861594 9.730606 0.000000 939.847921
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:32:34 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS6 (POOL # 4249)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4249
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 15,812.23
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 19,837.30
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 19 1,517,597.52
(B) TWO MONTHLY PAYMENTS: 3 182,409.00
(C) THREE OR MORE MONTHLY PAYMENTS: 1 59,810.45
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 181,052.62
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 73,533,581.42
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,036
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 3,569,092.12
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 46,443.89
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.51866970 % 5.37862100 % 1.10270940 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.20442680 % 5.63165503 % 1.15617350 %
BANKRUPTCY AMOUNT AVAILABLE 154,147.00
FRAUD AMOUNT AVAILABLE 8,574,020.00
SPECIAL HAZARD AMOUNT AVAILABLE 1,813,254.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.58069409
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 153.11
POOL TRADING FACTOR: 69.25850772
................................................................................
Run: 02/01/99 11:32:46 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 36,796,310.55 7.500000 % 2,461,832.49
A-2 76110FKD4 20,984,000.00 9,940,310.55 7.500000 % 2,461,832.49
A-3 76110FKE2 11,000,000.00 11,000,000.00 7.500000 % 0.00
A-4 76110FKF9 4,000,000.00 4,000,000.00 7.500000 % 0.00
A-5 76110FKG7 17,500,000.00 17,500,000.00 7.750000 % 0.00
A-6 76110FKH5 17,500,000.00 17,500,000.00 7.250000 % 0.00
A-7 76110FKJ1 21,925,000.00 13,819,517.26 9.500000 % 703,380.71
A-8 76110FKP7 156,262.27 107,651.66 0.000000 % 89.95
A-9-1 0.00 0.00 0.836975 % 0.00
A-9-2 0.00 0.00 0.529401 % 0.00
R 76110FKK8 100.00 0.00 7.750000 % 0.00
M-1 76110FKL6 6,697,000.00 6,606,479.25 7.750000 % 4,475.34
M-2 76110FKM4 3,827,000.00 3,775,271.92 7.750000 % 2,557.43
M-3 76110FKN2 2,870,200.00 2,831,404.63 7.750000 % 1,918.04
B-1 1,052,400.00 1,038,175.14 7.750000 % 703.28
B-2 478,400.00 471,933.64 7.750000 % 319.70
B-3 861,188.35 849,547.97 7.750000 % 575.50
- -------------------------------------------------------------------------------
191,342,550.62 126,236,602.57 5,637,684.93
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 227,794.21 2,689,626.70 0.00 0.00 34,334,478.06
A-2 61,537.29 2,523,369.78 0.00 0.00 7,478,478.06
A-3 68,097.49 68,097.49 0.00 0.00 11,000,000.00
A-4 24,762.72 24,762.72 0.00 0.00 4,000,000.00
A-5 111,948.14 111,948.14 0.00 0.00 17,500,000.00
A-6 104,725.69 104,725.69 0.00 0.00 17,500,000.00
A-7 108,366.14 811,746.85 0.00 0.00 13,116,136.55
A-8 0.00 89.95 0.00 0.00 107,561.71
A-9-1 69,323.98 69,323.98 0.00 0.00 0.00
A-9-2 11,314.30 11,314.30 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 42,261.90 46,737.24 0.00 0.00 6,602,003.91
M-2 24,150.55 26,707.98 0.00 0.00 3,772,714.49
M-3 18,112.59 20,030.63 0.00 0.00 2,829,486.59
B-1 6,641.24 7,344.52 0.00 0.00 1,037,471.86
B-2 3,018.97 3,338.67 0.00 0.00 471,613.94
B-3 5,434.59 6,010.09 0.00 0.00 848,972.47
- -------------------------------------------------------------------------------
887,489.80 6,525,174.73 0.00 0.00 120,598,917.64
===============================================================================
Run: 02/01/99 11:32:46
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-1 446.064547 29.843649 2.761443 32.605092 0.000000 416.220898
A-2 473.709043 117.319505 2.932581 120.252086 0.000000 356.389538
A-3 1000.000000 0.000000 6.190681 6.190681 0.000000 1000.000000
A-4 1000.000000 0.000000 6.190680 6.190680 0.000000 1000.000000
A-5 1000.000000 0.000000 6.397037 6.397037 0.000000 1000.000000
A-6 1000.000000 0.000000 5.984325 5.984325 0.000000 1000.000000
A-7 630.308655 32.081218 4.942583 37.023801 0.000000 598.227437
A-8 688.916525 0.575635 0.000000 0.575635 0.000000 688.340890
A-9-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 986.483388 0.668260 6.310572 6.978832 0.000000 985.815128
M-2 986.483386 0.668260 6.310570 6.978830 0.000000 985.815127
M-3 986.483391 0.668260 6.310567 6.978827 0.000000 985.815131
B-1 986.483409 0.668263 6.310566 6.978829 0.000000 985.815146
B-2 986.483361 0.668269 6.310556 6.978825 0.000000 985.815092
B-3 986.483352 0.668263 6.310571 6.978834 0.000000 985.815089
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:32:47 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS7 (POOL # 4255)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4255
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 25,555.22
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 39,092.34
MASTER SERVICER ADVANCES THIS MONTH 5,266.93
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 2,900,076.54
(B) TWO MONTHLY PAYMENTS: 5 768,473.10
(C) THREE OR MORE MONTHLY PAYMENTS: 2 533,851.57
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 771,335.17
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 120,598,917.64
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,207
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 661,694.60
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 5,552,153.50
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 87.65326090 % 10.47591000 % 1.87082880 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 87.08433220 % 10.94885862 % 1.95703520 %
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 8.84763848
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 334.34
POOL TRADING FACTOR: 63.02775689
................................................................................
Run: 02/01/99 11:32:50 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 7,738,973.77 10.000000 % 970,512.33
A-4 76110FKX0 19,700,543.00 11,041,661.22 7.000000 % 4,852,562.17
A-5 76110FKY8 21,419,142.00 21,419,142.00 7.150000 % 0.00
A-6 76110FKZ5 6,323,320.00 6,323,320.00 7.250000 % 0.00
A-7 76110FLA9 16,496,308.00 16,496,308.00 7.250000 % 0.00
A-8 76110FLB7 25,998,036.00 14,855,611.37 7.500000 % 1,260,095.73
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 14,395.03 0.000000 % 4,032.42
A-12-1 0.00 0.00 0.950854 % 0.00
A-12-2 0.00 0.00 0.648769 % 0.00
R 76110FLG6 100.00 0.00 7.500000 % 0.00
M-1 76110FLH4 7,631,000.00 7,536,217.27 7.500000 % 5,145.85
M-2 76110FLJ0 4,361,000.00 4,306,833.10 7.500000 % 2,940.78
M-3 76110FLK7 3,270,500.00 3,229,877.94 7.500000 % 2,205.41
B-1 1,199,000.00 1,184,107.51 7.500000 % 808.53
B-2 545,000.00 538,230.72 7.500000 % 367.51
B-3 981,461.72 830,466.73 7.500000 % 567.06
- -------------------------------------------------------------------------------
218,029,470.88 155,022,145.66 7,099,237.79
===============================================================================
_______________________________________________________________________________
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 63,972.99 1,034,485.32 0.00 0.00 6,768,461.44
A-4 63,891.89 4,916,454.06 0.00 0.00 6,189,099.05
A-5 126,596.41 126,596.41 0.00 0.00 21,419,142.00
A-6 37,896.26 37,896.26 0.00 0.00 6,323,320.00
A-7 98,863.96 98,863.96 0.00 0.00 16,496,308.00
A-8 92,101.15 1,352,196.88 0.00 0.00 13,595,515.64
A-9 30,482.13 30,482.13 0.00 0.00 5,000,001.00
A-10 337,930.04 337,930.04 0.00 0.00 54,507,000.00
A-11 0.00 4,032.42 0.00 0.00 10,362.61
A-12-1 91,526.51 91,526.51 0.00 0.00 0.00
A-12-2 20,688.88 20,688.88 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 46,722.70 51,868.55 0.00 0.00 7,531,071.42
M-2 26,701.31 29,642.09 0.00 0.00 4,303,892.32
M-3 20,024.45 22,229.86 0.00 0.00 3,227,672.53
B-1 7,341.17 8,149.70 0.00 0.00 1,183,298.98
B-2 3,336.90 3,704.41 0.00 0.00 537,863.21
B-3 5,148.69 5,715.75 0.00 0.00 829,899.67
- -------------------------------------------------------------------------------
1,073,225.44 8,172,463.23 0.00 0.00 147,922,907.87
===============================================================================
Run: 02/01/99 11:32:50
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-3 474.180033 59.464934 3.919733 63.384667 0.000000 414.715099
A-4 560.474969 246.316164 3.243154 249.559318 0.000000 314.158805
A-5 1000.000000 0.000000 5.910433 5.910433 0.000000 1000.000000
A-6 1000.000000 0.000000 5.993095 5.993095 0.000000 1000.000000
A-7 1000.000000 0.000000 5.993096 5.993096 0.000000 1000.000000
A-8 571.412832 48.468882 3.542620 52.011502 0.000000 522.943950
A-9 1000.000000 0.000000 6.096425 6.096425 0.000000 1000.000000
A-10 1000.000000 0.000000 6.199755 6.199755 0.000000 1000.000000
A-11 545.077163 152.690203 0.000000 152.690203 0.000000 392.386960
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-1 987.579252 0.674335 6.122749 6.797084 0.000000 986.904917
M-2 987.579248 0.674336 6.122749 6.797085 0.000000 986.904912
M-3 987.579251 0.674334 6.122749 6.797083 0.000000 986.904917
B-1 987.579241 0.674337 6.122744 6.797081 0.000000 986.904904
B-2 987.579303 0.674330 6.122752 6.797082 0.000000 986.904973
B-3 846.152950 0.577771 5.245941 5.823712 0.000000 845.575182
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:32:51 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS8 (POOL # 4256)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4256
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 31,547.68
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 23,335.72
MASTER SERVICER ADVANCES THIS MONTH 1,141.82
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 28 2,459,900.77
(B) TWO MONTHLY PAYMENTS: 2 462,603.43
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 122,905.63
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 147,922,907.87
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,421
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 135,790.18
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 6,993,387.22
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 88.62912780 % 9.72398400 % 1.64688860 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 88.09181590 % 10.18276107 % 1.72470960 %
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 8.71190003
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 336.30
POOL TRADING FACTOR: 67.84537305
................................................................................
Run: 02/01/99 11:33:05 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 11,921,638.18 6.750000 % 6,409,083.90
A-3 76110FLN1 22,971,538.00 12,199,108.83 10.000000 % 1,165,287.95
A-4 76110FLP6 38,010,000.00 38,010,000.00 6.750000 % 0.00
A-5 76110FLQ4 17,163,462.00 17,163,462.00 6.750000 % 0.00
A-6 76110FLR2 29,977,000.00 29,977,000.00 7.250000 % 0.00
A-7 76110FLS0 16,065,000.00 16,065,000.00 7.250000 % 0.00
A-8 76110FLT8 54,645,000.00 54,645,000.00 7.250000 % 0.00
A-9-1 0.00 0.00 1.041661 % 0.00
A-9-2 0.00 0.00 0.757671 % 0.00
R 76110FLV3 100.00 0.00 7.250000 % 0.00
M-1 76110FLW1 8,130,000.00 8,044,364.28 7.250000 % 5,559.90
M-2 76110FLX9 5,420,000.00 5,362,909.50 7.250000 % 3,706.60
M-3 76110FLY2 4,065,000.00 4,022,182.12 7.250000 % 2,779.95
B-1 1,490,500.00 1,474,800.09 7.250000 % 1,019.32
B-2 677,500.00 670,363.69 7.250000 % 463.33
B-3 1,219,925.82 1,207,076.00 7.250000 % 834.28
- -------------------------------------------------------------------------------
271,005,025.82 200,762,904.69 7,588,735.23
===============================================================================
_______________________________________________________________________________
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 66,878.96 6,475,962.86 0.00 0.00 5,512,554.28
A-3 101,385.99 1,266,673.94 0.00 0.00 11,033,820.88
A-4 213,231.56 213,231.56 0.00 0.00 38,010,000.00
A-5 96,284.97 96,284.97 0.00 0.00 17,163,462.00
A-6 180,624.24 180,624.24 0.00 0.00 29,977,000.00
A-7 96,798.50 96,798.50 0.00 0.00 16,065,000.00
A-8 329,259.49 329,259.49 0.00 0.00 54,645,000.00
A-9-1 142,532.15 142,532.15 0.00 0.00 0.00
A-9-2 22,746.17 22,746.17 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 48,470.74 54,030.64 0.00 0.00 8,038,804.38
M-2 32,313.82 36,020.42 0.00 0.00 5,359,202.90
M-3 24,235.36 27,015.31 0.00 0.00 4,019,402.17
B-1 8,886.30 9,905.62 0.00 0.00 1,473,780.77
B-2 4,039.22 4,502.55 0.00 0.00 669,900.36
B-3 7,273.15 8,107.43 0.00 0.00 1,206,241.72
- -------------------------------------------------------------------------------
1,374,960.62 8,963,695.85 0.00 0.00 193,174,169.46
===============================================================================
Run: 02/01/99 11:33:05
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-2 684.364993 367.915264 3.839206 371.754470 0.000000 316.449729
A-3 531.053203 50.727468 4.413548 55.141016 0.000000 480.325735
A-4 1000.000000 0.000000 5.609881 5.609881 0.000000 1000.000000
A-5 1000.000000 0.000000 5.609880 5.609880 0.000000 1000.000000
A-6 1000.000000 0.000000 6.025427 6.025427 0.000000 1000.000000
A-7 1000.000000 0.000000 6.025428 6.025428 0.000000 1000.000000
A-8 1000.000000 0.000000 6.025428 6.025428 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-1 989.466701 0.683875 5.961961 6.645836 0.000000 988.782827
M-2 989.466697 0.683875 5.961959 6.645834 0.000000 988.782823
M-3 989.466696 0.683875 5.961958 6.645833 0.000000 988.782822
B-1 989.466682 0.683878 5.961959 6.645837 0.000000 988.782804
B-2 989.466701 0.683882 5.961948 6.645830 0.000000 988.782819
B-3 989.466720 0.683869 5.961961 6.645830 0.000000 988.782846
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:33:07 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS9 (POOL # 4263)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4263
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 44,916.50
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 38,890.74
MASTER SERVICER ADVANCES THIS MONTH 1,371.22
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 38 3,434,029.39
(B) TWO MONTHLY PAYMENTS: 9 841,097.38
(C) THREE OR MORE MONTHLY PAYMENTS: 7 707,209.03
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 127,561.57
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 193,174,169.46
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,923
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 2
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 186,433.94
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 7,449,976.92
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.64863770 % 8.68161200 % 1.66975060 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.24942590 % 9.01642777 % 1.73414640 %
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 8.59861400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 337.61
POOL TRADING FACTOR: 71.28065942
................................................................................
Run: 02/01/99 11:33:10 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 199,969,492.00 123,327,923.15 7.250000 % 11,066,929.50
A-2 76110FMP5 10,000,000.00 10,000,000.00 7.250000 % 0.00
A-3 7611OFMQ3 25,143,000.00 25,143,000.00 7.250000 % 0.00
A-4 7611OFMR1 64,916,508.00 64,146,493.78 7.250000 % 129,736.74
A-5 7611OFMS9 76,250.57 74,298.93 0.000000 % 70.96
A-6-1 0.00 0.00 1.008862 % 0.00
A-6-2 0.00 0.00 0.711646 % 0.00
R 7611OFMU4 100.00 0.00 7.250000 % 0.00
M-1 7611OFMV2 10,602,000.00 10,476,334.16 7.250000 % 14,316.42
M-2 7611OFMW0 6,524,000.00 6,446,670.84 7.250000 % 8,809.69
M-3 7611OFMX8 4,893,000.00 4,835,003.10 7.250000 % 6,607.27
B-1 7611OFMY6 1,794,000.00 1,772,735.65 7.250000 % 2,422.53
B-2 7611OFMZ3 816,000.00 806,327.92 7.250000 % 1,101.89
B-3 7611OFNA7 1,468,094.11 1,450,497.28 7.250000 % 1,982.18
- -------------------------------------------------------------------------------
326,202,444.68 248,479,284.81 11,231,977.18
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 740,242.80 11,807,172.30 0.00 0.00 112,260,993.65
A-2 60,022.32 60,022.32 0.00 0.00 10,000,000.00
A-3 150,914.12 150,914.12 0.00 0.00 25,143,000.00
A-4 385,022.13 514,758.87 0.00 0.00 64,016,757.04
A-5 0.00 70.96 0.00 0.00 74,227.97
A-6-1 159,341.73 159,341.73 0.00 0.00 0.00
A-6-2 33,997.03 33,997.03 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 62,881.39 77,197.81 0.00 0.00 10,462,017.74
M-2 38,694.42 47,504.11 0.00 0.00 6,437,861.15
M-3 29,020.81 35,628.08 0.00 0.00 4,828,395.83
B-1 10,640.37 13,062.90 0.00 0.00 1,770,313.12
B-2 4,839.76 5,941.65 0.00 0.00 805,226.03
B-3 8,706.22 10,688.40 0.00 0.00 1,431,599.54
- -------------------------------------------------------------------------------
1,684,323.10 12,916,300.28 0.00 0.00 237,230,392.07
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 616.733692 55.343090 3.701779 59.044869 0.000000 561.390603
A-2 1000.000000 0.000000 6.002232 6.002232 0.000000 1000.000000
A-3 1000.000000 0.000000 6.002232 6.002232 0.000000 1000.000000
A-4 988.138391 1.998517 5.931036 7.929553 0.000000 986.139874
A-5 974.404913 0.930616 0.000000 0.930616 0.000000 973.474297
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-1 988.146968 1.350351 5.931088 7.281439 0.000000 986.796618
M-2 988.146971 1.350351 5.931088 7.281439 0.000000 986.796620
M-3 988.146965 1.350352 5.931087 7.281439 0.000000 986.796614
B-1 988.146962 1.350351 5.931087 7.281438 0.000000 986.796611
B-2 988.146961 1.350355 5.931078 7.281433 0.000000 986.796605
B-3 988.013827 1.350172 5.930287 7.280459 0.000000 975.141532
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:33:11 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS10 (POOL # 4264)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4264
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 50,654.14
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 55,338.90
MASTER SERVICER ADVANCES THIS MONTH 3,756.49
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 43 4,502,169.72
(B) TWO MONTHLY PAYMENTS: 10 1,133,075.09
(C) THREE OR MORE MONTHLY PAYMENTS: 5 754,370.83
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 773,822.34
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 237,230,392.07
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,236
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 495,105.42
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 10,746,426.55
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 110,059.70
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 89.61873940 % 8.75908700 % 1.62217390 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.14832620 % 9.15914463 % 1.68966250 %
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 8.52364394
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 338.83
POOL TRADING FACTOR: 72.72489705
................................................................................
Run: 02/01/99 11:33:14 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 76,523,507.29 7.000000 % 2,389,525.69
A-2 7611OFMD2 43,142.76 37,657.60 0.000000 % 2,008.01
A-3-1 0.00 0.00 1.079518 % 0.00
A-3-2 0.00 0.00 0.652135 % 0.00
R 7611OFMF7 100.00 0.00 7.000000 % 0.00
M-1 7611OFMG5 3,043,000.00 2,907,092.39 7.000000 % 12,326.30
M-2 7611OFMH3 892,000.00 852,161.15 7.000000 % 3,613.23
M-3 7611OFMJ9 419,700.00 400,955.21 7.000000 % 1,700.08
B-1 7611OFMK6 367,000.00 350,608.92 7.000000 % 1,486.61
B-2 7611OFML4 262,400.00 250,680.57 7.000000 % 1,062.91
B-3 7611OFMM2 263,388.53 251,624.92 7.000000 % 1,066.90
- -------------------------------------------------------------------------------
104,940,731.29 81,574,288.05 2,412,789.73
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 446,028.70 2,835,554.39 0.00 0.00 74,133,981.60
A-2 0.00 2,008.01 0.00 0.00 35,649.59
A-3-1 58,678.95 58,678.95 0.00 0.00 0.00
A-3-2 8,847.77 8,847.77 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 16,944.42 29,270.72 0.00 0.00 2,894,766.09
M-2 4,966.95 8,580.18 0.00 0.00 848,547.92
M-3 2,337.03 4,037.11 0.00 0.00 399,255.13
B-1 2,043.58 3,530.19 0.00 0.00 349,122.31
B-2 1,461.13 2,524.04 0.00 0.00 249,617.66
B-3 1,466.63 2,533.53 0.00 0.00 250,558.02
- -------------------------------------------------------------------------------
542,775.16 2,955,564.89 0.00 0.00 79,161,498.32
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 767.922803 23.979184 4.475953 28.455137 0.000000 743.943619
A-2 872.860244 46.543383 0.000000 46.543383 0.000000 826.316861
A-3-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-3-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 955.337624 4.050707 5.568327 9.619034 0.000000 951.286918
M-2 955.337612 4.050706 5.568330 9.619036 0.000000 951.286906
M-3 955.337646 4.050703 5.568335 9.619038 0.000000 951.286943
B-1 955.337657 4.050708 5.568338 9.619046 0.000000 951.286948
B-2 955.337538 4.050724 5.568331 9.619055 0.000000 951.286814
B-3 955.337425 4.050708 5.568314 9.619022 0.000000 951.286755
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:33:14 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS11 (POOL # 4265)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4265
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 16,778.93
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 17,550.97
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 16 1,477,550.11
(B) TWO MONTHLY PAYMENTS: 2 239,782.02
(C) THREE OR MORE MONTHLY PAYMENTS: 1 37,980.96
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 79,161,498.32
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 938
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 2,066,858.31
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 60,448.57
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.85169200 % 5.10225700 % 1.04605060 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.69123090 % 5.23306055 % 1.07335090 %
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 8.32053732
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 157.95
POOL TRADING FACTOR: 75.43448320
................................................................................
Run: 02/01/99 11:33:34 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 3,615,191.55 7.000000 % 3,615,191.55
A-2 76110FNC3 22,405,757.00 14,697,212.93 9.000000 % 1,308,047.15
A-3 76110FND1 62,824,125.00 62,824,125.00 7.000000 % 5,541,138.51
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 58,764,984.54 7.250000 % 40,964.70
A-8-1 0.00 0.00 0.930023 % 0.00
A-8-2 0.00 0.00 0.752834 % 0.00
R 76110FNJ8 100.00 0.00 7.250000 % 0.00
M-1 76110FNK5 10,433,600.00 10,336,189.25 7.250000 % 7,205.29
M-2 76110FNL3 4,471,600.00 4,429,852.00 7.250000 % 3,088.02
M-3 76110FNM1 4,471,500.00 4,429,752.93 7.250000 % 3,087.95
B-1 76110FNN9 1,639,600.00 1,624,292.28 7.250000 % 1,132.28
B-2 76110FNP4 745,200.00 738,242.61 7.250000 % 514.62
B-3 76110FNQ2 1,341,561.05 1,329,035.91 7.250000 % 926.48
- -------------------------------------------------------------------------------
298,104,002.05 235,666,038.00 10,521,296.55
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 20,918.17 3,636,109.72 0.00 0.00 0.00
A-2 109,338.17 1,417,385.32 0.00 0.00 13,389,165.78
A-3 363,512.03 5,904,650.54 0.00 0.00 57,282,986.49
A-4 138,060.09 138,060.09 0.00 0.00 24,294,118.00
A-5 155,813.70 155,813.70 0.00 0.00 26,000,000.00
A-6 135,336.44 135,336.44 0.00 0.00 22,583,041.00
A-7 352,168.85 393,133.55 0.00 0.00 58,724,019.84
A-8-1 142,722.44 142,722.44 0.00 0.00 0.00
A-8-2 31,122.03 31,122.03 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 61,943.07 69,148.36 0.00 0.00 10,328,983.96
M-2 26,547.37 29,635.39 0.00 0.00 4,426,763.98
M-3 26,546.78 29,634.73 0.00 0.00 4,426,664.98
B-1 9,734.11 10,866.39 0.00 0.00 1,623,160.00
B-2 4,424.17 4,938.79 0.00 0.00 737,727.99
B-3 7,964.69 8,891.17 0.00 0.00 1,328,109.43
- -------------------------------------------------------------------------------
1,586,152.11 12,107,448.66 0.00 0.00 225,144,741.45
===============================================================================
Run: 02/01/99 11:33:34
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 62.790995 62.790995 0.363320 63.154315 0.000000 0.000000
A-2 655.956990 58.379958 4.879914 63.259872 0.000000 597.577033
A-3 1000.000000 88.200807 5.786185 93.986992 0.000000 911.799193
A-4 1000.000000 0.000000 5.682861 5.682861 0.000000 1000.000000
A-5 1000.000000 0.000000 5.992835 5.992835 0.000000 1000.000000
A-6 1000.000000 0.000000 5.992835 5.992835 0.000000 1000.000000
A-7 990.663745 0.690585 5.936884 6.627469 0.000000 989.973159
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-1 990.663745 0.690585 5.936884 6.627469 0.000000 989.973160
M-2 990.663745 0.690585 5.936884 6.627469 0.000000 989.973160
M-3 990.663744 0.690585 5.936885 6.627470 0.000000 989.973159
B-1 990.663747 0.690583 5.936881 6.627464 0.000000 989.973164
B-2 990.663728 0.690580 5.936889 6.627469 0.000000 989.973148
B-3 990.663757 0.690584 5.936882 6.627466 0.000000 989.973160
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:33:35 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS12 (POOL # 4270)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4270
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 47,937.03
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 49,059.22
MASTER SERVICER ADVANCES THIS MONTH 1,730.86
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 36 4,172,111.41
(B) TWO MONTHLY PAYMENTS: 8 1,035,983.12
(C) THREE OR MORE MONTHLY PAYMENTS: 4 611,948.84
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 716,593.88
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 225,144,741.45
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,139
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 257,408.46
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 10,357,015.24
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.28822090 % 8.14533800 % 1.56644160 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 89.84146370 % 8.52003595 % 1.63850040 %
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 8.47814881
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 339.73
POOL TRADING FACTOR: 75.52556823
................................................................................
Run: 02/01/99 11:33:50 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 23,283,110.07 7.250000 % 1,506,060.37
A-2 76110FNT6 30,750,000.00 9,223,837.60 7.250000 % 3,945,975.47
A-3 76110FNU3 40,799,000.00 40,799,000.00 7.250000 % 0.00
A-4 76110FNV1 6,745,000.00 6,745,000.00 7.250000 % 0.00
A-5 76110FNW9 4,235,415.00 4,235,415.00 7.250000 % 0.00
A-6 76110FNX7 10,499,000.00 10,499,000.00 7.250000 % 0.00
A-7 76110fNY5 62,999,000.00 62,436,164.16 7.250000 % 65,929.98
A-8 76110FNZ2 15,495,000.00 0.00 7.250000 % 0.00
A-9 76110FPA5 68,339,000.00 61,967,562.44 7.000000 % 4,008,351.54
A-10 76110fPB3 0.00 0.00 7.250000 % 0.00
A-11 76110FPC1 100,038,312.00 80,150,266.47 0.000000 % 3,633,259.37
A-12 76110FPD9 0.00 0.00 7.250000 % 0.00
A-13 76110FPE7 0.00 0.00 4.997520 % 0.00
A-14 76110FPF4 0.00 0.00 9.502480 % 0.00
A-15 76110FPG2 26,249,000.00 19,402,468.52 7.000000 % 1,255,042.34
A-16 76110FPH0 2,386,273.00 1,763,860.98 10.000000 % 114,094.77
A-17 76110FPJ6 139,012.74 135,239.88 0.000000 % 3,999.46
A-18-1 0.00 0.00 0.912432 % 0.00
A-18-2 0.00 0.00 0.662763 % 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 16,121,669.91 7.250000 % 17,023.81
M-2 76110FPP2 5,422,000.00 5,373,559.60 7.250000 % 5,674.25
M-3 76110FPQ0 6,507,000.00 6,448,866.18 7.250000 % 6,809.73
B-1 76110FPR8 2,386,000.00 2,364,683.37 7.250000 % 2,497.01
B-2 76110FPS6 1,085,000.00 1,075,306.57 7.250000 % 1,135.48
B-3 76110FPT4 1,952,210.06 1,934,768.87 7.250000 % 2,043.01
- -------------------------------------------------------------------------------
433,792,422.80 353,959,779.62 14,567,896.59
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 139,682.98 1,645,743.35 0.00 0.00 21,777,049.70
A-2 55,336.81 4,001,312.28 0.00 0.00 5,277,862.13
A-3 244,766.52 244,766.52 0.00 0.00 40,799,000.00
A-4 40,465.46 40,465.46 0.00 0.00 6,745,000.00
A-5 25,409.64 25,409.64 0.00 0.00 4,235,415.00
A-6 62,986.93 62,986.93 0.00 0.00 10,499,000.00
A-7 374,574.93 440,504.91 0.00 0.00 62,370,234.18
A-8 0.00 0.00 0.00 0.00 0.00
A-9 358,944.21 4,367,295.75 0.00 0.00 57,959,210.90
A-10 12,819.44 12,819.44 0.00 0.00 0.00
A-11 0.00 3,633,259.37 0.00 0.00 76,517,007.10
A-12 240,423.81 240,423.81 0.00 0.00 0.00
A-13 82,863.64 82,863.64 0.00 0.00 0.00
A-14 157,560.17 157,560.17 0.00 0.00 0.00
A-15 112,387.89 1,367,430.23 0.00 0.00 18,147,426.18
A-16 14,595.83 128,690.60 0.00 0.00 1,649,766.21
A-17 0.00 3,999.46 0.00 0.00 131,240.42
A-18-1 200,659.74 200,659.74 0.00 0.00 0.00
A-18-2 48,369.71 48,369.71 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 96,719.17 113,742.98 0.00 0.00 16,104,646.10
M-2 32,237.74 37,911.99 0.00 0.00 5,367,885.35
M-3 38,688.85 45,498.58 0.00 0.00 6,442,056.45
B-1 14,186.51 16,683.52 0.00 0.00 2,362,186.36
B-2 6,451.11 7,586.59 0.00 0.00 1,074,171.09
B-3 11,607.31 13,650.32 0.00 0.00 1,932,725.86
- -------------------------------------------------------------------------------
2,371,738.40 16,939,634.99 0.00 0.00 339,391,883.03
===============================================================================
Run: 02/01/99 11:33:50
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-1 739.169817 47.812958 4.434521 52.247479 0.000000 691.356859
A-2 299.962198 128.324406 1.799571 130.123977 0.000000 171.637793
A-3 1000.000000 0.000000 5.999326 5.999326 0.000000 1000.000000
A-4 1000.000000 0.000000 5.999327 5.999327 0.000000 1000.000000
A-5 1000.000000 0.000000 5.999327 5.999327 0.000000 1000.000000
A-6 1000.000000 0.000000 5.999327 5.999327 0.000000 1000.000000
A-7 991.065956 1.046524 5.945728 6.992252 0.000000 990.019432
A-8 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-9 906.767182 58.653939 5.252407 63.906346 0.000000 848.113243
A-10 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-11 801.195711 36.318679 0.000000 36.318679 0.000000 764.877031
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-15 739.169817 47.812958 4.281607 52.094565 0.000000 691.356859
A-16 739.169818 47.812958 6.116580 53.929538 0.000000 691.356860
A-17 972.859610 28.770457 0.000000 28.770457 0.000000 944.089153
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-1 991.065956 1.046524 5.945729 6.992253 0.000000 990.019432
M-2 991.065954 1.046523 5.945729 6.992252 0.000000 990.019430
M-3 991.065957 1.046524 5.945728 6.992252 0.000000 990.019433
B-1 991.065956 1.046526 5.945729 6.992255 0.000000 990.019430
B-2 991.065963 1.046525 5.945724 6.992249 0.000000 990.019438
B-3 991.065926 1.046522 5.945728 6.992250 0.000000 990.019415
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:33:52 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1997-QS13 (POOL # 4277)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4277
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 72,056.13
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 56,615.31
MASTER SERVICER ADVANCES THIS MONTH 1,800.31
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 53 5,843,639.71
(B) TWO MONTHLY PAYMENTS: 6 947,963.17
(C) THREE OR MORE MONTHLY PAYMENTS: 6 455,929.15
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 262,029.63
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 339,391,883.03
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,062
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 231,723.11
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 14,194,157.71
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 125,310.91
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 90.58322680 % 7.89772700 % 1.51904640 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.18935090 % 8.22488377 % 1.58258360 %
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 8.37761116
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 340.78
POOL TRADING FACTOR: 78.23831519
................................................................................
Run: 02/01/99 11:34:07 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 40,240,466.89 7.000000 % 6,078,291.50
A-2 76110FPV9 117,395,000.00 91,045,661.55 7.000000 % 6,649,591.65
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 1.127871 % 0.00
A-6-2 0.00 0.00 0.938844 % 0.00
R 76110FQB2 100.00 0.00 7.000000 % 0.00
M-1 76110FQC0 11,351,500.00 11,267,662.43 7.000000 % 10,540.07
M-2 76110FQD8 4,054,000.00 4,024,058.82 7.000000 % 3,764.21
M-3 76110FQE6 4,865,000.00 4,829,069.08 7.000000 % 4,517.24
B-1 76110FQF3 1,783,800.00 1,770,625.58 7.000000 % 1,656.29
B-2 76110FQG1 810,800.00 804,811.76 7.000000 % 752.84
B-3 76110FQH9 1,459,579.11 1,448,799.23 7.000000 % 1,355.24
- -------------------------------------------------------------------------------
324,327,779.11 273,713,155.34 12,750,469.04
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 233,036.68 6,311,328.18 0.00 0.00 34,162,175.39
A-2 527,254.78 7,176,846.43 0.00 0.00 84,396,069.90
A-3 297,546.86 297,546.86 0.00 0.00 51,380,000.00
A-4 10,783.04 10,783.04 0.00 0.00 1,862,000.00
A-5 376,653.32 376,653.32 0.00 0.00 65,040,000.00
A-6-1 189,430.75 189,430.75 0.00 0.00 0.00
A-6-2 54,911.84 54,911.84 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,252.19 75,792.26 0.00 0.00 11,257,122.36
M-2 23,303.74 27,067.95 0.00 0.00 4,020,294.61
M-3 27,965.64 32,482.88 0.00 0.00 4,824,551.84
B-1 10,253.88 11,910.17 0.00 0.00 1,768,969.29
B-2 4,660.75 5,413.59 0.00 0.00 804,058.92
B-3 8,390.15 9,745.39 0.00 0.00 1,447,443.99
- -------------------------------------------------------------------------------
1,829,443.62 14,579,912.66 0.00 0.00 260,962,686.30
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 625.570794 94.491986 3.622745 98.114731 0.000000 531.078808
A-2 775.549738 56.642886 4.491288 61.134174 0.000000 718.906852
A-3 1000.000000 0.000000 5.791103 5.791103 0.000000 1000.000000
A-4 1000.000000 0.000000 5.791106 5.791106 0.000000 1000.000000
A-5 1000.000000 0.000000 5.791103 5.791103 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-1 992.614406 0.928518 5.748332 6.676850 0.000000 991.685888
M-2 992.614410 0.928518 5.748333 6.676851 0.000000 991.685893
M-3 992.614405 0.928518 5.748333 6.676851 0.000000 991.685887
B-1 992.614407 0.928518 5.748335 6.676853 0.000000 991.685890
B-2 992.614406 0.928515 5.748335 6.676850 0.000000 991.685891
B-3 992.614391 0.928501 5.748335 6.676836 0.000000 991.685877
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:34:08 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS1 (POOL # 4281)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4281
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 55,815.87
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 47,595.68
MASTER SERVICER ADVANCES THIS MONTH 913.96
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 41 4,471,544.24
(B) TWO MONTHLY PAYMENTS: 7 968,395.07
(C) THREE OR MORE MONTHLY PAYMENTS: 4 363,438.15
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 507,756.16
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 260,962,686.30
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,290
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 1
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 118,764.33
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 12,494,430.55
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 62,535.56
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.17871160 % 7.35105000 % 1.47023860 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.75636390 % 7.70300501 % 1.54063110 %
BANKRUPTCY AMOUNT AVAILABLE 218,111.00
FRAUD AMOUNT AVAILABLE 6,486,556.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,243,278.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.36027675
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 341.35
POOL TRADING FACTOR: 80.46263783
................................................................................
Run: 02/01/99 11:34:16 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 15,322,948.87 6.750000 % 1,082,509.59
A-2 76110FQK2 158,282,400.00 121,267,656.08 6.500000 % 8,567,110.80
A-3 76110FQLO 82,584,000.00 82,584,000.00 6.750000 % 0.00
A-4 76110FQM8 38,888,850.00 31,605,137.97 6.224380 % 1,685,824.66
A-5 76110FQN6 0.00 0.00 2.801395 % 0.00
A-6 76110FQP1 13,504,750.00 10,950,144.66 6.124380 % 591,266.74
A-7 76110FQQ9 86,753,900.00 86,753,900.00 7.000000 % 0.00
A-8 76110FQR7 138,732.69 136,292.29 0.000000 % 164.25
A-9-1 0.00 0.00 1.058967 % 0.00
A-9-2 0.00 0.00 0.775109 % 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 17,234,099.73 7.000000 % 15,178.17
M-2 76110FQW6 5,422,000.00 5,385,532.01 7.000000 % 4,743.07
M-3 76110FQX4 5,422,000.00 5,385,532.01 7.000000 % 4,743.07
B-1 76110FQY2 2,385,700.00 2,369,653.95 7.000000 % 2,086.97
B-2 76110FQZ9 1,084,400.00 1,077,106.42 7.000000 % 948.61
B-3 76110FRA3 1,952,351.82 1,939,220.39 7.000000 % 1,707.88
- -------------------------------------------------------------------------------
433,770,084.51 382,011,224.38 11,956,283.81
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 86,142.92 1,168,652.51 0.00 0.00 14,240,439.28
A-2 656,495.52 9,223,606.32 0.00 0.00 112,700,545.28
A-3 464,272.66 464,272.66 0.00 0.00 82,584,000.00
A-4 163,842.74 1,849,667.40 0.00 0.00 29,919,313.31
A-5 99,289.03 99,289.03 0.00 0.00 0.00
A-6 55,854.15 647,120.89 0.00 0.00 10,358,877.92
A-7 505,778.63 505,778.63 0.00 0.00 86,753,900.00
A-8 0.00 164.25 0.00 0.00 136,128.04
A-9-1 237,489.72 237,489.72 0.00 0.00 0.00
A-9-2 72,780.77 72,780.77 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 100,475.48 115,653.65 0.00 0.00 17,218,921.56
M-2 31,397.86 36,140.93 0.00 0.00 5,380,788.94
M-3 31,397.86 36,140.93 0.00 0.00 5,380,788.94
B-1 13,815.17 15,902.14 0.00 0.00 2,367,566.98
B-2 6,279.57 7,228.18 0.00 0.00 1,076,157.81
B-3 11,305.73 13,013.61 0.00 0.00 1,937,512.51
- -------------------------------------------------------------------------------
2,536,617.81 14,492,901.62 0.00 0.00 370,054,940.57
===============================================================================
Run: 02/01/99 11:34:16
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-1 766.147444 54.125480 4.307146 58.432626 0.000000 712.021964
A-2 766.147443 54.125480 4.147622 58.273102 0.000000 712.021964
A-3 1000.000000 0.000000 5.621823 5.621823 0.000000 1000.000000
A-4 812.704361 43.349820 4.213103 47.562923 0.000000 769.354540
A-5 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-6 810.836532 43.782131 4.135889 47.918020 0.000000 767.054401
A-7 1000.000000 0.000000 5.830039 5.830039 0.000000 1000.000000
A-8 982.409337 1.183931 0.000000 1.183931 0.000000 981.225406
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-1 993.274070 0.874782 5.790827 6.665609 0.000000 992.399288
M-2 993.274070 0.874782 5.790826 6.665608 0.000000 992.399288
M-3 993.274070 0.874782 5.790826 6.665608 0.000000 992.399288
B-1 993.274071 0.874783 5.790824 6.665607 0.000000 992.399287
B-2 993.274087 0.874779 5.790824 6.665603 0.000000 992.399308
B-3 993.274045 0.874781 5.790826 6.665607 0.000000 992.399264
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:34:17 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS2 (POOL # 4284)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4284
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 78,430.91
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 81,127.33
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 50 6,706,006.10
(B) TWO MONTHLY PAYMENTS: 12 1,694,662.98
(C) THREE OR MORE MONTHLY PAYMENTS: 15 1,692,984.37
FORECLOSURES
NUMBER OF LOANS 9
AGGREGATE PRINCIPAL BALANCE 788,111.15
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 370,054,940.57
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,147
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 11,619,812.39
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 68,237.46
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.25599990 % 7.33359600 % 1.41040440 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 90.98133550 % 7.56117440 % 1.45470770 %
BANKRUPTCY AMOUNT AVAILABLE 234,815.00
FRAUD AMOUNT AVAILABLE 8,675,402.00
SPECIAL HAZARD AMOUNT AVAILABLE 4,337,701.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.25224932
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 343.98
POOL TRADING FACTOR: 85.31130979
................................................................................
Run: 02/01/99 11:37:08 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 115,517,963.00 102,593,282.06 6.500000 % 3,364,432.65
A-2 76110FRC9 34,880,737.00 27,639,807.63 6.500000 % 1,322,176.44
A-3-1 0.00 0.00 1.255724 % 0.00
A-3-2 0.00 0.00 1.030345 % 0.00
R 76110FRE5 100.00 0.00 6.500000 % 0.00
M-1 76110FRF2 3,927,000.00 3,804,004.51 6.500000 % 12,658.33
M-2 76110FRG0 785,100.00 760,510.32 6.500000 % 2,530.70
M-3 76110FRH8 707,000.00 684,856.44 6.500000 % 2,278.95
B-1 76110FRJ4 471,200.00 456,441.78 6.500000 % 1,518.87
B-2 76110FRK1 314,000.00 304,165.37 6.500000 % 1,012.15
B-3 76110FRL9 471,435.62 456,670.05 6.500000 % 1,519.63
- -------------------------------------------------------------------------------
157,074,535.62 136,699,738.16 4,708,127.72
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 555,149.85 3,919,582.50 0.00 0.00 99,228,849.41
A-2 149,563.74 1,471,740.18 0.00 0.00 26,317,631.19
A-3-1 110,055.20 110,055.20 0.00 0.00 0.00
A-3-2 26,951.84 26,951.84 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 20,584.12 33,242.45 0.00 0.00 3,791,346.18
M-2 4,115.25 6,645.95 0.00 0.00 757,979.62
M-3 3,705.88 5,984.83 0.00 0.00 682,577.49
B-1 2,469.88 3,988.75 0.00 0.00 454,922.91
B-2 1,645.89 2,658.04 0.00 0.00 303,153.22
B-3 2,471.12 3,990.75 0.00 0.00 455,150.42
- -------------------------------------------------------------------------------
876,712.77 5,584,840.49 0.00 0.00 131,991,610.44
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 888.115401 29.124757 4.805745 33.930502 0.000000 858.990644
A-2 792.408934 37.905634 4.287861 42.193495 0.000000 754.503301
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-1 968.679529 3.223410 5.241691 8.465101 0.000000 965.456119
M-2 968.679557 3.223411 5.241689 8.465100 0.000000 965.456146
M-3 968.679547 3.223409 5.241697 8.465106 0.000000 965.456139
B-1 968.679499 3.223408 5.241681 8.465089 0.000000 965.456091
B-2 968.679522 3.223408 5.241688 8.465096 0.000000 965.456115
B-3 968.679562 3.223409 5.241691 8.465100 0.000000 965.456153
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:37:09 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS3 (POOL # 4285)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4285
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 28,117.80
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 23,519.82
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 20 1,805,336.19
(B) TWO MONTHLY PAYMENTS: 2 204,538.25
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 2
AGGREGATE PRINCIPAL BALANCE 407,724.11
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 131,991,610.44
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,425
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,253,241.19
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.26945070 % 3.84007400 % 0.89047520 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.11701550 % 3.96381503 % 0.91916940 %
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 7.98216700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 163.09
POOL TRADING FACTOR: 84.03119571
................................................................................
Run: 02/01/99 11:37:11 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-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 135,006,400.00 104,083,770.59 6.500000 % 4,478,302.31
A-I-2 76110FRN5 59,732,445.00 59,732,445.00 6.750000 % 0.00
A-I-3 76110FRP0 41,218,155.00 33,487,497.63 6.124380 % 1,119,575.58
A-I-4 76110FRQ8 0.00 0.00 2.875620 % 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 67,078,149.72 7.000000 % 938,884.62
A-V-1 0.00 0.00 0.896401 % 0.00
A-V-2 0.00 0.00 0.669760 % 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 14,082,967.23 7.000000 % 10,205.42
M-2 76110FRY1 5,067,800.00 5,029,574.44 7.000000 % 3,644.75
M-3 76110FRZ8 5,067,800.00 5,029,574.44 7.000000 % 3,644.75
B-1 76110FSA2 2,230,000.00 2,213,179.48 7.000000 % 1,603.81
B-2 76110FSB0 1,216,400.00 1,207,224.90 7.000000 % 874.83
B-3 76110FSC8 1,621,792.30 1,609,559.42 7.000000 % 1,166.39
- -------------------------------------------------------------------------------
405,421,992.30 358,421,942.85 6,557,902.46
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-I-1 563,450.18 5,041,752.49 0.00 0.00 99,605,468.28
A-I-2 335,794.21 335,794.21 0.00 0.00 59,732,445.00
A-I-3 170,806.34 1,290,381.92 0.00 0.00 32,367,922.05
A-I-4 80,199.80 80,199.80 0.00 0.00 0.00
A-I-5 378,170.54 378,170.54 0.00 0.00 64,868,000.00
A-II 391,194.78 1,330,079.40 0.00 0.00 66,139,265.10
A-V-1 209,853.00 209,853.00 0.00 0.00 0.00
A-V-2 43,137.46 43,137.46 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M-1 82,101.05 92,306.47 0.00 0.00 14,072,761.81
M-2 29,321.47 32,966.22 0.00 0.00 5,025,929.69
M-3 29,321.47 32,966.22 0.00 0.00 5,025,929.69
B-1 12,902.42 14,506.23 0.00 0.00 2,211,575.67
B-2 7,037.90 7,912.73 0.00 0.00 1,206,350.07
B-3 9,383.43 10,549.82 0.00 0.00 1,608,393.03
- -------------------------------------------------------------------------------
2,342,674.05 8,900,576.51 0.00 0.00 351,864,040.39
===============================================================================
Run: 02/01/99 11:37:11
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-1 770.954344 33.171037 4.173507 37.344544 0.000000 737.783307
A-I-2 1000.000000 0.000000 5.621639 5.621639 0.000000 1000.000000
A-I-3 812.445332 27.162195 4.143959 31.306154 0.000000 785.283137
A-I-4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-I-5 1000.000000 0.000000 5.829847 5.829847 0.000000 1000.000000
A-II 891.961088 12.484670 5.201851 17.686521 0.000000 879.476419
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-1 992.457169 0.719198 5.785838 6.505036 0.000000 991.737971
M-2 992.457169 0.719198 5.785838 6.505036 0.000000 991.737971
M-3 992.457169 0.719198 5.785838 6.505036 0.000000 991.737971
B-1 992.457166 0.719197 5.785837 6.505034 0.000000 991.737969
B-2 992.457169 0.719196 5.785842 6.505038 0.000000 991.737973
B-3 992.457185 0.719198 5.785841 6.505039 0.000000 991.737986
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:37:12 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS4 (POOL # 4290)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4290
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 73,961.35
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,837.34
SUBSERVICER ADVANCES THIS MONTH 63,486.79
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 63 7,235,904.69
(B) TWO MONTHLY PAYMENTS: 7 656,726.40
(C) THREE OR MORE MONTHLY PAYMENTS: 2 205,655.38
FORECLOSURES
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 433,788.36
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 351,864,040.39
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,030
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 6,298,176.45
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 91.86096710 % 6.73566900 % 1.40336380 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 91.71528300 % 6.85623378 % 1.42848320 %
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 8.17689700
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 344.76
POOL TRADING FACTOR: 86.78957902
................................................................................
Run: 02/01/99 11:34:32 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 151,551,000.00 126,032,231.69 6.750000 % 7,081,524.61
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 1.073861 % 0.00
A-6-2 0.00 0.00 0.866455 % 0.00
R 76110FSK0 100.00 0.00 6.750000 % 0.00
M-1 76110FSL8 12,650,700.00 12,581,229.24 6.750000 % 9,049.89
M-2 76110FSM6 4,216,900.00 4,193,743.07 6.750000 % 3,016.63
M-3 76110FSN4 4,392,600.00 4,368,478.23 6.750000 % 3,142.32
B-1 76110FSP9 1,757,100.00 1,747,450.96 6.750000 % 1,256.97
B-2 76110FSQ7 1,054,300.00 1,048,510.36 6.750000 % 754.21
B-3 76110FSR5 1,405,623.28 1,397,904.36 6.750000 % 1,005.55
- -------------------------------------------------------------------------------
351,405,323.28 325,746,547.91 7,099,750.18
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 708,453.86 7,789,978.47 0.00 0.00 118,950,707.08
A-2 426,855.15 426,855.15 0.00 0.00 75,936,500.00
A-3 98,291.39 98,291.39 0.00 0.00 17,485,800.00
A-4 74,001.57 74,001.57 0.00 0.00 13,164,700.00
A-5 381,061.95 381,061.95 0.00 0.00 67,790,000.00
A-6-1 216,580.39 216,580.39 0.00 0.00 0.00
A-6-2 60,295.64 60,295.64 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 70,721.75 79,771.64 0.00 0.00 12,572,179.35
M-2 23,573.91 26,590.54 0.00 0.00 4,190,726.44
M-3 24,556.14 27,698.46 0.00 0.00 4,365,335.91
B-1 9,822.79 11,079.76 0.00 0.00 1,746,193.99
B-2 5,893.90 6,648.11 0.00 0.00 1,047,756.15
B-3 7,857.91 8,863.46 0.00 0.00 1,396,898.81
- -------------------------------------------------------------------------------
2,107,966.35 9,207,716.53 0.00 0.00 318,646,797.73
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
A-1 831.615969 46.727007 4.674689 51.401696 0.000000 784.888962
A-2 1000.000000 0.000000 5.621212 5.621212 0.000000 1000.000000
A-3 1000.000000 0.000000 5.621212 5.621212 0.000000 1000.000000
A-4 1000.000000 0.000000 5.621212 5.621212 0.000000 1000.000000
A-5 1000.000000 0.000000 5.621212 5.621212 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-1 994.508544 0.715367 5.590343 6.305710 0.000000 993.793178
M-2 994.508542 0.715367 5.590341 6.305708 0.000000 993.793175
M-3 994.508544 0.715367 5.590343 6.305710 0.000000 993.793177
B-1 994.508542 0.715366 5.590342 6.305708 0.000000 993.793176
B-2 994.508546 0.715366 5.590344 6.305710 0.000000 993.793180
B-3 994.508543 0.715369 5.590339 6.305708 0.000000 993.793166
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:34:33 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS5 (POOL # 4299)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4299
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 67,304.81
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 5,650.24
SUBSERVICER ADVANCES THIS MONTH 50,572.56
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 40 5,154,027.46
(B) TWO MONTHLY PAYMENTS: 3 401,288.52
(C) THREE OR MORE MONTHLY PAYMENTS: 8 531,853.96
FORECLOSURES
NUMBER OF LOANS 6
AGGREGATE PRINCIPAL BALANCE 815,390.79
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 318,646,797.73
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,589
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 6,865,435.09
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.22176980 % 6.49076700 % 1.28746280 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.05418320 % 6.63061479 % 1.31520200 %
BANKRUPTCY AMOUNT AVAILABLE 249,990.00
FRAUD AMOUNT AVAILABLE 7,028,106.00
SPECIAL HAZARD AMOUNT AVAILABLE 3,514,053.00
ENDING GROSS WEIGHTED AVERAGE INTEREST RATE 8.10192291
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 346.59
POOL TRADING FACTOR: 90.67785165
................................................................................
Run: 02/01/99 11:37:14 REPT1B.FRG
Page: 1 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 1998-QS6(POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY FOR POOL# 4301
_______________________________________________________________________________
PRINCIPAL CURRENT
ORIGINAL BALANCE BEFORE PASS-THROUGH PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION RATE DISTRIBUTION
_______________________________________________________________________________
CB-1 76110FSS3 20,174,375.00 18,495,620.26 6.750000 % 352,019.27
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 13,076,790.88 6.750000 % 675,877.00
CB-5 76110FSW4 20,500,000.00 20,500,000.00 6.750000 % 0.00
CB-6 76110FSX2 136,500,000.00 122,775,088.73 6.750000 % 2,877,986.35
CB-7 76110FSY0 28,438,625.00 28,438,625.00 6.750000 % 0.00
NB-1 76110FSZ7 75,900,500.00 66,913,085.48 6.750000 % 1,014,009.49
NB-2 76110FTA1 4,494,000.00 0.00 6.750000 % 0.00
NB-3 76110FTB9 9,662,500.00 9,662,500.00 6.750000 % 0.00
NB-4 76110FTC7 10,000,000.00 8,503,013.15 6.750000 % 112,596.41
A-P 76110FTE3 57,464.36 55,213.94 0.000000 % 51.74
A-V-1 0.00 0.00 1.018805 % 0.00
A-V-2 0.00 0.00 0.782421 % 0.00
R 100.00 0.00 6.750000 % 0.00
M-1 76110FTG8 13,075,500.00 13,008,861.85 6.750000 % 9,366.61
M-2 76110FTH6 5,029,000.00 5,003,370.14 6.750000 % 3,602.51
M-3 76110FTJ2 4,224,500.00 4,202,970.21 6.750000 % 3,026.21
B-1 76110FTK9 2,011,600.00 2,001,348.07 6.750000 % 1,441.01
B-2 76110FTL7 1,207,000.00 1,200,848.63 6.750000 % 864.63
B-3 76110FTM5 1,609,449.28 1,601,246.78 6.750000 % 1,152.93
- -------------------------------------------------------------------------------
402,311,611.64 368,565,581.12 5,051,994.16
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 104,010.63 456,029.90 0.00 0.00 18,143,600.99
CB-2 221,078.27 221,078.27 0.00 0.00 39,313,092.00
CB-3 77,682.88 77,682.88 0.00 0.00 13,813,906.00
CB-4 73,537.70 749,414.70 0.00 0.00 12,400,913.88
CB-5 115,282.32 115,282.32 0.00 0.00 20,500,000.00
CB-6 690,429.13 3,568,415.48 0.00 0.00 119,897,102.38
CB-7 159,925.41 159,925.41 0.00 0.00 28,438,625.00
NB-1 376,343.07 1,390,352.56 0.00 0.00 65,899,075.99
NB-2 0.00 0.00 0.00 0.00 0.00
NB-3 54,345.34 54,345.34 0.00 0.00 9,662,500.00
NB-4 47,823.98 160,420.39 0.00 0.00 8,390,416.74
A-P 0.00 51.74 0.00 0.00 55,162.20
A-V-1 237,284.72 237,284.72 0.00 0.00 0.00
A-V-2 58,020.78 58,020.78 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 73,155.77 82,522.38 0.00 0.00 12,999,495.24
M-2 28,136.62 31,739.13 0.00 0.00 4,999,767.63
M-3 23,635.55 26,661.76 0.00 0.00 4,199,944.00
B-1 11,254.65 12,695.66 0.00 0.00 1,999,907.06
B-2 6,753.01 7,617.64 0.00 0.00 1,199,984.00
B-3 9,004.66 10,157.59 0.00 0.00 1,600,093.83
- -------------------------------------------------------------------------------
2,367,704.49 7,419,698.65 0.00 0.00 363,513,586.94
===============================================================================
Run: 02/01/99 11:37:14
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-1 916.787770 17.448832 5.155581 22.604413 0.000000 899.338938
CB-2 1000.000000 0.000000 5.623528 5.623528 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.623527 5.623527 0.000000 1000.000000
CB-4 802.257109 41.464847 4.511515 45.976362 0.000000 760.792263
CB-5 1000.000000 0.000000 5.623528 5.623528 0.000000 1000.000000
CB-6 899.451199 21.084149 5.058089 26.142238 0.000000 878.367050
CB-7 1000.000000 0.000000 5.623528 5.623528 0.000000 1000.000000
NB-1 881.589522 13.359721 4.958374 18.318095 0.000000 868.229801
NB-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-3 1000.000000 0.000000 5.624356 5.624356 0.000000 1000.000000
NB-4 850.301315 11.259641 4.782398 16.042039 0.000000 839.041674
A-P 960.837987 0.900353 0.000000 0.900353 0.000000 959.937634
A-V-1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-V-2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 994.903587 0.716348 5.594874 6.311222 0.000000 994.187239
M-2 994.903587 0.716347 5.594874 6.311221 0.000000 994.187240
M-3 994.903589 0.716347 5.594875 6.311222 0.000000 994.187241
B-1 994.903594 0.716350 5.594875 6.311225 0.000000 994.187244
B-2 994.903587 0.716346 5.594872 6.311218 0.000000 994.187241
B-3 994.903536 0.716351 5.594870 6.311221 0.000000 994.187173
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:37:15 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS6 (POOL # 4301)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4301
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 76,251.73
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 8,240.17
SUBSERVICER ADVANCES THIS MONTH 68,895.30
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 51 7,063,671.29
(B) TWO MONTHLY PAYMENTS: 11 1,381,090.91
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 5
AGGREGATE PRINCIPAL BALANCE 1,084,844.10
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 363,513,586.94
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,886
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,786,728.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.65426260 % 6.02747600 % 1.30328050 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.57158730 % 6.10684378 % 1.32064210 %
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 8.03986300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 347.87
POOL TRADING FACTOR: 90.35622548
................................................................................
Run: 02/01/99 11:37:17 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 172,668,000.00 157,904,511.13 6.750000 % 4,371,138.50
CB-2 76110FUA9 35,551,000.00 35,551,000.00 6.750000 % 0.00
CB-3 76110FUB7 44,215,000.00 44,215,000.00 6.750000 % 0.00
NB-1 76110FUC5 32,242,000.00 32,242,000.00 6.750000 % 0.00
NB-2 76110FUD3 77,840,000.00 66,916,368.84 6.750000 % 4,008,351.52
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 72,941.71 0.000000 % 44.15
A-V 76110FUG6 0.00 0.00 0.958799 % 0.00
R 76110FUH4 100.00 0.00 6.750000 % 0.00
M-1 76110FUJ0 13,245,900.00 13,190,908.27 6.750000 % 9,344.69
M-2 76110FUK5 5,094,600.00 5,073,449.24 6.750000 % 3,594.13
M-3 76110FUM3 4,279,400.00 4,261,633.62 6.750000 % 3,019.02
B-1 76110FUN1 2,037,800.00 2,029,339.86 6.750000 % 1,437.62
B-2 76110FUP6 1,222,600.00 1,217,524.26 6.750000 % 862.52
B-3 76110FUQ4 1,631,527.35 1,624,753.88 6.750000 % 1,151.01
- -------------------------------------------------------------------------------
407,565,332.24 377,983,430.81 8,398,943.16
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 888,036.01 5,259,174.51 0.00 0.00 153,533,372.63
CB-2 199,934.56 199,934.56 0.00 0.00 35,551,000.00
CB-3 248,659.85 248,659.85 0.00 0.00 44,215,000.00
NB-1 181,330.66 181,330.66 0.00 0.00 32,242,000.00
NB-2 376,341.08 4,384,692.60 0.00 0.00 62,908,017.32
NB-3 0.00 0.00 0.00 0.00 0.00
NB-4 76,959.52 76,959.52 0.00 0.00 13,684,000.00
A-P 0.00 44.15 0.00 0.00 72,897.56
A-V 301,951.16 301,951.16 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 74,182.70 83,527.39 0.00 0.00 13,181,563.58
M-2 28,531.93 32,126.06 0.00 0.00 5,069,855.11
M-3 23,966.47 26,985.49 0.00 0.00 4,258,614.60
B-1 11,412.55 12,850.17 0.00 0.00 2,027,902.24
B-2 6,847.08 7,709.60 0.00 0.00 1,216,661.74
B-3 9,137.25 10,288.26 0.00 0.00 1,623,602.87
- -------------------------------------------------------------------------------
2,427,290.82 10,826,233.98 0.00 0.00 369,584,487.65
===============================================================================
Run: 02/01/99 11:37:17
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-1 914.497829 25.315278 5.143026 30.458304 0.000000 889.182551
CB-2 1000.000000 0.000000 5.623880 5.623880 0.000000 1000.000000
CB-3 1000.000000 0.000000 5.623880 5.623880 0.000000 1000.000000
NB-1 1000.000000 0.000000 5.624051 5.624051 0.000000 1000.000000
NB-2 859.665581 51.494752 4.834803 56.329555 0.000000 808.170829
NB-3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-4 1000.000000 0.000000 5.624051 5.624051 0.000000 1000.000000
A-P 993.690066 0.601488 0.000000 0.601488 0.000000 993.088578
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-1 995.848396 0.705478 5.600427 6.305905 0.000000 995.142918
M-2 995.848396 0.705478 5.600426 6.305904 0.000000 995.142918
M-3 995.848395 0.705477 5.600428 6.305905 0.000000 995.142917
B-1 995.848395 0.705476 5.600427 6.305903 0.000000 995.142919
B-2 995.848405 0.705480 5.600425 6.305905 0.000000 995.142925
B-3 995.848387 0.705480 5.600427 6.305907 0.000000 995.142910
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:37:17 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS7 (POOL # 4311)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4311
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 77,902.67
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 72,695.58
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 65 8,802,678.35
(B) TWO MONTHLY PAYMENTS: 3 503,040.16
(C) THREE OR MORE MONTHLY PAYMENTS: 4 768,042.66
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 369,584,487.65
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,726
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 8,131,168.28
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 92.73233990 % 5.95951800 % 1.28884430 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 92.59070600 % 6.09063260 % 1.31745990 %
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 8.03653400
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 349.19
POOL TRADING FACTOR: 90.68104140
................................................................................
Run: 02/01/99 11:37:20 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 124,454,000.00 116,762,989.90 6.500000 % 2,363,608.99
NB 76110FTP8 41,430,000.00 37,901,954.39 6.500000 % 654,670.10
A-P 76110FTQ6 63,383.01 61,976.10 0.000000 % 250.98
A-V 76110FTV5 0.00 0.00 0.947389 % 0.00
R 76110FTR4 100.00 0.00 6.500000 % 0.00
M-1 76110FTS2 4,507,000.00 4,422,463.17 6.500000 % 14,383.13
M-2 76110FTT0 780,000.00 765,369.70 6.500000 % 2,489.20
M-3 76110FTU7 693,500.00 680,492.16 6.500000 % 2,213.16
B-1 76110FTW3 520,000.00 510,246.47 6.500000 % 1,659.47
B-2 76110FTX1 433,500.00 425,368.93 6.500000 % 1,383.42
B-3 76110FTY9 433,464.63 425,334.22 6.500000 % 1,383.31
- -------------------------------------------------------------------------------
173,314,947.64 161,956,195.04 3,042,041.76
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 632,054.77 2,995,663.76 0.00 0.00 114,399,380.91
NB 205,168.70 859,838.80 0.00 0.00 37,247,284.29
A-P 0.00 250.98 0.00 0.00 61,725.12
A-V 127,779.70 127,779.70 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 23,939.43 38,322.56 0.00 0.00 4,408,080.04
M-2 4,143.05 6,632.25 0.00 0.00 762,880.50
M-3 3,683.60 5,896.76 0.00 0.00 678,279.00
B-1 2,762.04 4,421.51 0.00 0.00 508,587.00
B-2 2,302.58 3,686.00 0.00 0.00 423,985.51
B-3 2,302.39 3,685.70 0.00 0.00 423,950.91
- -------------------------------------------------------------------------------
1,004,136.26 4,046,178.02 0.00 0.00 158,914,153.28
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 938.201985 18.991828 5.078622 24.070450 0.000000 919.210157
NB 914.843215 15.801837 4.952177 20.754014 0.000000 899.041378
A-P 977.803042 3.959670 0.000000 3.959670 0.000000 973.843372
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-1 981.243215 3.191287 5.311611 8.502898 0.000000 978.051928
M-2 981.243205 3.191282 5.311603 8.502885 0.000000 978.051923
M-3 981.243201 3.191291 5.311608 8.502899 0.000000 978.051911
B-1 981.243212 3.191288 5.311615 8.502903 0.000000 978.051923
B-2 981.243206 3.191280 5.311603 8.502883 0.000000 978.051926
B-3 981.243199 3.191287 5.311598 8.502885 0.000000 978.051902
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:37:21 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS8 (POOL # 4306)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4306
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 33,472.54
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 3,831.17
SUBSERVICER ADVANCES THIS MONTH 15,663.62
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 15 1,138,906.68
(B) TWO MONTHLY PAYMENTS: 1 53,763.84
(C) THREE OR MORE MONTHLY PAYMENTS: 0 0.00
FORECLOSURES
NUMBER OF LOANS 1
AGGREGATE PRINCIPAL BALANCE 476,346.16
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 158,914,153.28
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,637
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 2,515,291.91
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.49801060 % 3.62340300 % 0.84031960 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.46386350 % 3.68075431 % 0.85395200 %
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 7.77194300
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 167.89
POOL TRADING FACTOR: 91.69096806
................................................................................
Run: 02/01/99 11:34:49 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 74,095,267.61 6.750000 % 6,355,876.99
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 6.424380 % 0.00
A-9 76110FVU4 3,469,000.00 3,469,000.00 7.726675 % 0.00
A-10 76110FVU2 7,590,000.00 7,440,465.82 6.750000 % 30,654.73
A-11 76110FVW0 7,500,000.00 7,500,000.00 6.750000 % 0.00
A-12 76110FVX8 28,126,000.00 28,126,000.00 6.750000 % 0.00
A-13 76110FVY6 77,829.78 77,493.57 0.000000 % 67.33
A-14 76110FVZ3 0.00 0.00 0.951407 % 0.00
R 76110FWA7 100.00 0.00 6.750000 % 0.00
M-1 76110FWB5 11,770,000.00 11,729,273.95 6.750000 % 8,348.90
M-2 76110FWC3 5,349,900.00 5,331,388.51 6.750000 % 3,794.88
M-3 76110FWD1 5,349,900.00 5,331,388.51 6.750000 % 3,794.88
B-1 76110FWE9 2,354,000.00 2,345,854.80 6.750000 % 1,669.78
B-2 76110FWF6 1,284,000.00 1,279,557.16 6.750000 % 910.79
B-3 76110FWG4 1,712,259.01 1,706,334.29 6.750000 % 1,214.58
- -------------------------------------------------------------------------------
427,987,988.79 402,837,024.22 6,406,332.86
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 416,670.77 6,772,547.76 0.00 0.00 67,739,390.62
A-2 241,808.20 241,808.20 0.00 0.00 43,000,000.00
A-3 337,406.79 337,406.79 0.00 0.00 60,000,000.00
A-4 151,833.05 151,833.05 0.00 0.00 27,000,000.00
A-5 295,230.94 295,230.94 0.00 0.00 52,500,000.00
A-6 205,255.80 205,255.80 0.00 0.00 36,500,000.00
A-7 140,586.16 140,586.16 0.00 0.00 25,000,000.00
A-8 55,689.35 55,689.35 0.00 0.00 10,405,000.00
A-9 22,330.36 22,330.36 0.00 0.00 3,469,000.00
A-10 41,841.06 72,495.79 0.00 0.00 7,409,811.09
A-11 42,175.85 42,175.85 0.00 0.00 7,500,000.00
A-12 158,165.06 158,165.06 0.00 0.00 28,126,000.00
A-13 0.00 67.33 0.00 0.00 77,426.24
A-14 319,296.83 319,296.83 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 65,958.95 74,307.85 0.00 0.00 11,720,925.05
M-2 29,980.78 33,775.66 0.00 0.00 5,327,593.63
M-3 29,980.78 33,775.66 0.00 0.00 5,327,593.63
B-1 13,191.79 14,861.57 0.00 0.00 2,344,185.02
B-2 7,195.52 8,106.31 0.00 0.00 1,278,646.37
B-3 9,595.48 10,810.06 0.00 0.00 1,705,119.71
- -------------------------------------------------------------------------------
2,584,193.52 8,990,526.38 0.00 0.00 396,430,691.36
===============================================================================
Run: 02/01/99 11:34:49
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-1 748.437047 64.200778 4.208796 68.409574 0.000000 684.236269
A-2 1000.000000 0.000000 5.623447 5.623447 0.000000 1000.000000
A-3 1000.000000 0.000000 5.623447 5.623447 0.000000 1000.000000
A-4 1000.000000 0.000000 5.623446 5.623446 0.000000 1000.000000
A-5 1000.000000 0.000000 5.623446 5.623446 0.000000 1000.000000
A-6 1000.000000 0.000000 5.623447 5.623447 0.000000 1000.000000
A-7 1000.000000 0.000000 5.623446 5.623446 0.000000 1000.000000
A-8 1000.000000 0.000000 5.352172 5.352172 0.000000 1000.000000
A-9 1000.000000 0.000000 6.437117 6.437117 0.000000 1000.000000
A-10 980.298527 4.038831 5.512656 9.551487 0.000000 976.259696
A-11 1000.000000 0.000000 5.623447 5.623447 0.000000 1000.000000
A-12 1000.000000 0.000000 5.623447 5.623447 0.000000 1000.000000
A-13 995.680188 0.865093 0.000000 0.865093 0.000000 994.815095
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-1 996.539843 0.709337 5.603989 6.313326 0.000000 995.830506
M-2 996.539844 0.709337 5.603989 6.313326 0.000000 995.830507
M-3 996.539844 0.709337 5.603989 6.313326 0.000000 995.830507
B-1 996.539847 0.709337 5.603989 6.313326 0.000000 995.830510
B-2 996.539844 0.709338 5.603988 6.313326 0.000000 995.830506
B-3 996.539823 0.709338 5.603989 6.313327 0.000000 995.830479
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:34:50 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS9 (POOL # 4314)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4314
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 83,264.35
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 7,332.18
SUBSERVICER ADVANCES THIS MONTH 76,771.09
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 60 7,664,683.94
(B) TWO MONTHLY PAYMENTS: 9 2,033,602.56
(C) THREE OR MORE MONTHLY PAYMENTS: 2 197,340.60
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 683,239.60
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 396,430,691.36
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,999
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 6,119,581.13
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.11653850 % 5.55965800 % 1.32380390 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.01025980 % 5.64439454 % 1.34424300 %
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 8.02714775
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 350.26
POOL TRADING FACTOR: 92.62659274
................................................................................
Run: 02/01/99 11:35:04 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 92,483,576.64 6.750000 % 6,204,439.34
A-2 76110FWJ8 47,967,000.00 47,967,000.00 6.750000 % 0.00
A-3 76110FWK5 67,521,000.00 67,521,000.00 6.750000 % 0.00
A-4 76110FWL3 30,346,000.00 30,346,000.00 6.750000 % 0.00
A-5 76110FWM1 45,610,000.00 45,610,000.00 6.750000 % 0.00
A-6 76110FWN9 28,628,000.00 28,628,000.00 6.750000 % 0.00
A-7 76110FWP4 16,219,000.00 16,219,000.00 6.346560 % 0.00
A-8 76110FWQ2 5,046,000.00 5,046,000.00 8.047247 % 0.00
A-9 76110FWR0 96,429,000.00 96,429,000.00 6.750000 % 0.00
A-10 76110FWS8 62,872.89 62,593.44 0.000000 % 64.88
A-11 76110FWT6 0.00 0.00 0.901449 % 0.00
R 76110FWU3 100.00 0.00 6.750000 % 0.00
M-1 76110FWV1 13,198,800.00 13,162,001.31 6.750000 % 9,373.38
M-2 76110FWW9 6,000,000.00 5,983,271.80 6.750000 % 4,261.02
M-3 76110FWX7 4,799,500.00 4,786,118.84 6.750000 % 3,408.46
B-1 76110FWY5 2,639,600.00 2,632,240.71 6.750000 % 1,874.56
B-2 76110FWZ2 1,439,500.00 1,435,486.63 6.750000 % 1,022.29
B-3 76110FXA6 1,919,815.88 1,914,463.38 6.750000 % 1,363.39
- -------------------------------------------------------------------------------
479,943,188.77 460,225,752.75 6,225,807.32
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
A-1 520,015.96 6,724,455.30 0.00 0.00 86,279,137.30
A-2 269,708.49 269,708.49 0.00 0.00 47,967,000.00
A-3 379,656.57 379,656.57 0.00 0.00 67,521,000.00
A-4 170,629.26 170,629.26 0.00 0.00 30,346,000.00
A-5 256,455.56 256,455.56 0.00 0.00 45,610,000.00
A-6 160,969.30 160,969.30 0.00 0.00 28,628,000.00
A-7 85,745.39 85,745.39 0.00 0.00 16,219,000.00
A-8 33,825.39 33,825.39 0.00 0.00 5,046,000.00
A-9 542,200.26 542,200.26 0.00 0.00 96,429,000.00
A-10 0.00 64.88 0.00 0.00 62,528.56
A-11 345,589.45 345,589.45 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 74,007.20 83,380.58 0.00 0.00 13,152,627.93
M-2 33,642.69 37,903.71 0.00 0.00 5,979,010.78
M-3 26,911.35 30,319.81 0.00 0.00 4,782,710.38
B-1 14,800.54 16,675.10 0.00 0.00 2,630,366.15
B-2 8,071.44 9,093.73 0.00 0.00 1,434,464.34
B-3 10,764.63 12,128.02 0.00 0.00 1,913,099.99
- -------------------------------------------------------------------------------
2,932,993.48 9,158,800.80 0.00 0.00 453,999,945.43
===============================================================================
Run: 02/01/99 11:35:04
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-1 824.884510 55.338970 4.638154 59.977124 0.000000 769.545540
A-2 1000.000000 0.000000 5.622793 5.622793 0.000000 1000.000000
A-3 1000.000000 0.000000 5.622792 5.622792 0.000000 1000.000000
A-4 1000.000000 0.000000 5.622792 5.622792 0.000000 1000.000000
A-5 1000.000000 0.000000 5.622792 5.622792 0.000000 1000.000000
A-6 1000.000000 0.000000 5.622792 5.622792 0.000000 1000.000000
A-7 1000.000000 0.000000 5.286725 5.286725 0.000000 1000.000000
A-8 1000.000000 0.000000 6.703407 6.703407 0.000000 1000.000000
A-9 1000.000000 0.000000 5.622793 5.622793 0.000000 1000.000000
A-10 995.555318 1.031923 0.000000 1.031923 0.000000 994.523395
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-1 997.211967 0.710169 5.607116 6.317285 0.000000 996.501798
M-2 997.211967 0.710170 5.607115 6.317285 0.000000 996.501797
M-3 997.211968 0.710170 5.607115 6.317285 0.000000 996.501798
B-1 997.211968 0.710168 5.607115 6.317283 0.000000 996.501800
B-2 997.211969 0.710170 5.607114 6.317284 0.000000 996.501799
B-3 997.211972 0.710167 5.607116 6.317283 0.000000 996.501805
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:35:05 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE PASS-THROUGH CERTIFICATES 1998-QS11 (POOL # 4319)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4319
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 95,255.88
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 13,274.97
SUBSERVICER ADVANCES THIS MONTH 102,226.20
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 82 12,354,350.83
(B) TWO MONTHLY PAYMENTS: 5 954,531.90
(C) THREE OR MORE MONTHLY PAYMENTS: 4 403,857.73
FORECLOSURES
NUMBER OF LOANS 4
AGGREGATE PRINCIPAL BALANCE 450,031.24
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 453,999,945.43
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 3,407
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 5,898,045.73
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.49935300 % 5.20063200 % 1.30001510 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.41488970 % 5.26747841 % 1.31690630 %
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 7.97982422
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 351.31
POOL TRADING FACTOR: 94.59451786
................................................................................
Run: 02/01/99 11:37:30 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 188,037,444.00 183,716,476.08 7.000000 % 1,960,852.17
CB-2 76110FXP8 6,964,350.00 6,804,314.14 0.000000 % 72,624.16
NB-1 76110FXQ1 25,499,800.00 23,939,030.89 6.750000 % 1,275,745.84
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 14,433,990.49 6.400000 % 666,089.41
NB-8 76110FXX6 20,899,000.00 20,003,677.09 6.100000 % 731,727.79
NB-9 76110FXY4 0.00 0.00 0.650000 % 0.00
A-P 76110FXZ1 58,061.92 57,901.21 0.000000 % 598.36
A-V 76110FYA5 0.00 0.00 0.855089 % 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 8,784,127.37 6.750000 % 6,193.84
M-2 76110FYE7 4,001,000.00 3,992,649.08 6.750000 % 2,815.28
M-3 76110FYF4 3,201,000.00 3,194,318.85 6.750000 % 2,252.37
B-1 76110FYG2 1,760,300.00 1,756,625.89 6.750000 % 1,238.63
B-2 76110FYH0 960,000.00 957,996.28 6.750000 % 675.50
B-3 76110FYJ6 1,280,602.22 1,277,929.36 6.750000 % 901.08
- -------------------------------------------------------------------------------
320,086,417.14 312,292,195.73 4,721,714.43
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB-1 1,071,429.98 3,032,282.15 0.00 0.00 181,755,623.91
CB-2 0.00 72,624.16 0.00 0.00 6,731,689.98
NB-1 134,646.59 1,410,392.43 0.00 0.00 22,663,285.05
NB-2 41,751.14 41,751.14 0.00 0.00 7,423,000.00
NB-3 120,535.28 120,535.28 0.00 0.00 21,430,159.00
NB-4 22,610.74 22,610.74 0.00 0.00 4,020,000.00
NB-5 59,057.91 59,057.91 0.00 0.00 10,500,000.00
NB-6 4,209.58 4,209.58 0.00 0.00 0.00
NB-7 76,975.30 743,064.71 0.00 0.00 13,767,901.08
NB-8 101,677.46 833,405.25 0.00 0.00 19,271,949.30
NB-9 10,834.49 10,834.49 0.00 0.00 0.00
A-P 0.00 598.36 0.00 0.00 57,302.85
A-V 222,491.70 222,491.70 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 49,400.71 55,594.55 0.00 0.00 8,777,933.53
M-2 22,454.10 25,269.38 0.00 0.00 3,989,833.80
M-3 17,964.40 20,216.77 0.00 0.00 3,192,066.48
B-1 9,879.02 11,117.65 0.00 0.00 1,755,387.26
B-2 5,387.64 6,063.14 0.00 0.00 957,320.78
B-3 7,186.89 8,087.97 0.00 0.00 1,277,028.28
- -------------------------------------------------------------------------------
1,978,492.93 6,700,207.36 0.00 0.00 307,570,481.30
===============================================================================
Run: 02/01/99 11:37:30
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-1 977.020705 10.427988 5.697961 16.125949 0.000000 966.592717
CB-2 977.020704 10.427988 0.000000 10.427988 0.000000 966.592716
NB-1 938.792888 50.029641 5.280300 55.309941 0.000000 888.763247
NB-2 1000.000000 0.000000 5.624564 5.624564 0.000000 1000.000000
NB-3 1000.000000 0.000000 5.624563 5.624563 0.000000 1000.000000
NB-4 1000.000000 0.000000 5.624562 5.624562 0.000000 1000.000000
NB-5 1000.000000 0.000000 5.624563 5.624563 0.000000 1000.000000
NB-6 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
NB-7 946.553249 43.680858 5.047892 48.728750 0.000000 902.872390
NB-8 957.159533 35.012574 4.865183 39.877757 0.000000 922.146959
NB-9 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
A-P 997.232093 10.305594 0.000000 10.305594 0.000000 986.926499
A-V 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
M-1 997.912794 0.703646 5.612123 6.315769 0.000000 997.209149
M-2 997.912792 0.703644 5.612122 6.315766 0.000000 997.209148
M-3 997.912793 0.703646 5.612121 6.315767 0.000000 997.209147
B-1 997.912793 0.703647 5.612123 6.315770 0.000000 997.209146
B-2 997.912792 0.703646 5.612125 6.315771 0.000000 997.209146
B-3 997.912810 0.703638 5.612117 6.315755 0.000000 997.209172
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:37:31 rept2.frg
Page: 3 of 3
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS12 (POOL # 4321)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4321
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 64,584.24
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 6,247.35
SUBSERVICER ADVANCES THIS MONTH 72,531.66
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 56 7,061,801.69
(B) TWO MONTHLY PAYMENTS: 14 2,067,336.05
(C) THREE OR MORE MONTHLY PAYMENTS: 6 924,062.51
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 307,570,481.30
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 2,145
NUMBER OF REO LOANS ACQUIRED
INCLUDING ANY PENDING CASH LIQUIDATIONS 0
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH
FORECLOSURE OR GRANT OF A DEED IN LIEU OF
FORECLOSURE, INCLUDING ANY PENDING CASH LIQUIDATIONS 0.00
REMAINING SUBCLASS INTEREST SHORTFALL 0.00
CLASS A SHORTFALL (PRINCIPAL) 0.00
CLASS A SHORTFALL (INTEREST) 0.00
TOTAL PREPAYMENTS INCLUDED IN THIS DISTRIBUTION 4,501,508.43
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 93.58884140 % 5.11415100 % 1.27846660 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 93.51261290 % 5.18900050 % 1.29741960 %
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 7.92938500
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 353.11
POOL TRADING FACTOR: 96.08982601
................................................................................
Run: 02/01/99 11:37:34 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 112,514,000.00 110,033,672.79 6.500000 % 1,070,519.89
NB 37,758,000.00 36,792,298.20 6.500000 % 148,811.14
A-P 53,454.22 52,871.42 0.000000 % 200.61
A-V 0.00 0.00 0.852639 % 0.00
R 100.00 0.00 6.500000 % 0.00
M-1 4,083,000.00 4,044,615.06 6.500000 % 13,012.86
M-2 706,500.00 699,858.08 6.500000 % 2,251.67
M-3 628,000.00 622,096.07 6.500000 % 2,001.49
B-1 471,000.00 466,572.06 6.500000 % 1,501.12
B-2 314,000.00 311,048.04 6.500000 % 1,000.74
B-3 471,221.05 466,791.03 6.500000 % 1,501.82
- -------------------------------------------------------------------------------
156,999,275.27 153,489,822.75 1,240,801.34
===============================================================================
_______________________________________________________________________________
REMAINING
INTEREST TOTAL DEFERRED REALIZED PRINCIPAL
DISTRIBUTION DISTRIBUTION INTEREST LOSSES BALANCE
_______________________________________________________________________________
CB 595,259.70 1,665,779.59 0.00 0.00 108,963,152.90
NB 199,038.82 347,849.96 0.00 0.00 36,643,487.06
A-P 0.00 200.61 0.00 0.00 52,670.81
A-V 108,921.11 108,921.11 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
M-1 21,880.54 34,893.40 0.00 0.00 4,031,602.20
M-2 3,786.09 6,037.76 0.00 0.00 697,606.41
M-3 3,365.42 5,366.91 0.00 0.00 620,094.58
B-1 2,524.06 4,025.18 0.00 0.00 465,070.94
B-2 1,682.70 2,683.44 0.00 0.00 310,047.30
B-3 2,525.24 4,027.06 0.00 0.00 465,289.21
- -------------------------------------------------------------------------------
938,983.68 2,179,785.02 0.00 0.00 152,249,021.41
===============================================================================
_______________________________________________________________________________
AMOUNTS PER $1,000 UNIT
_______________________________________________________________________________
BEGINNING ENDING
BALANCE PRINCIPAL INTEREST TOTAL DEFERRED BALANCE
CLASS FACTOR FACTOR FACTOR DISTRIBUTION INTEREST FACTOR
_______________________________________________________________________________
CB 977.955390 9.514548 5.290539 14.805087 0.000000 968.440842
NB 974.423915 3.941182 5.271434 9.212616 0.000000 970.482734
A-P 989.097213 3.752915 0.000000 3.752915 0.000000 985.344298
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-1 990.598839 3.187083 5.358937 8.546020 0.000000 987.411756
M-2 990.598839 3.187077 5.358938 8.546015 0.000000 987.411762
M-3 990.598838 3.187086 5.358949 8.546035 0.000000 987.411752
B-1 990.598854 3.187091 5.358938 8.546029 0.000000 987.411762
B-2 990.598854 3.187070 5.358917 8.545987 0.000000 987.411783
B-3 990.598850 3.187082 5.358929 8.546011 0.000000 987.411766
_______________________________________________________________________________
DETERMINATION DATE 20-January-99
DISTRIBUTION DATE 25-January-99
Run: 02/01/99 11:37:35 rept2.frg
Page: 2 of 2
RESIDENTIAL FUNDING CORPORATION (MASTER SERVICER)
RESIDENTIAL ACCREDIT LOANS, INC. (COMPANY)
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES 1998-QS13 (POOL # 4322)
STATEMENT TO CERTIFICATEHOLDERS
ADDITIONAL RELATED INFORMATION FOR POOL 4322
_______________________________________________________________________________
SERVICING COMPENSATION RECEIVED BY SUB-SERVICER 0.00
SERVICING COMPENSATION RECEIVED BY MASTER SERVICER 0.00
SUBSERVICER ADVANCES THIS MONTH 22,836.08
MASTER SERVICER ADVANCES THIS MONTH 0.00
NUMBER OF PRINCIPAL
DELINQUENCIES: LOANS BALANCE
(A) ONE MONTHLY PAYMENT: 15 1,693,026.32
(B) TWO MONTHLY PAYMENTS: 2 270,275.75
(C) THREE OR MORE MONTHLY PAYMENTS: 2 501,330.11
FORECLOSURES
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
SCHEDULED PRINCIPAL BALANCE OF MORTGAGE LOANS AFTER
DISTRIBUTION 0.00
AGGREGATE NUMBER OF LOANS IN THE POOL AS OF THE
DETERMINATION DATE 1,392
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 187,861.05
TOTAL REPURCHASES INCLUDED IN THIS DISTRIBUTION 0.00
DISTRIBUTION PERCENTAGES:
SENIOR CLASS M CLASS B
CURRENT DISTRIBUTION 95.65844060 % 3.49636800 % 0.81074500 %
PREPAYMENT PERCENT 100.00000000 % 0.00000000 % 0.00000000 %
NEXT DISTRIBUTION 95.67025710 % ***.******** % 0.81500470 %
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 0.00000000
ENDING WEIGHTED AVERAGE MATURITY, IN MONTHS 0.00
POOL TRADING FACTOR: 0.00000000
................................................................................
