RESIDENTIAL ACCREDIT LOANS INC - 10-K Annual Report

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 10-K

Annual Report Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
For the fiscal year ended December 31, 1998

Commission File Numbers 33-95932; 33-38733;
333-33493; 333-48327; and 333-63549

RESIDENTIAL ACCREDIT LOANS, INC.

State of Incorporation: Delaware
I.R.S. Employer Identification Number: 51-0362653

8400 Normandale Lake Blvd, Suite 600
Minneapolis, Minnesota 55437
Telephone (612) 832-7000

Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None.

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the Registrant
was required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days. Yes X No ______.

RESIDENTIAL ACCREDIT LOANS, INC.

TABLE OF CONTENTS

Page #
PART I
Item 1. Business 2
Item 2. Properties 2
Item 3. Legal Proceedings 2
Item 4. Submission of Matters to a Vote of Security Holders2

PART II
Item 5. Market for the Registrant's Common Equity and
Related Stockholder Matters 2
Item 6. Selected Financial Data 2
Item 7. Management's Discussion & Analysis of Financial
Condition and Results of Operations 2
Item 8. Financial Statements & Supplementary Financial
Data 3
Item 9. Changes in and Disagreements with Accountants
on Accounting & Financial Disclosure 3

PART III
Item 10. Directors and Executive Officers of the
Registrant 3
Item 11. Executive Compensation 3
Item 12. Security Ownership of Certain Beneficial
Owners and Management 3
Item 13. Certain Relationships and Related Transactions 3

PART IV
Item 14. Exhibits, Financial Statement Schedules and
Reports on Form 8-K 4
SIGNATURES 5
EXHIBITS 6

PART I

Item 1. Business

Information not provided pursuant to Exemptive Order.

Item 2. Properties

Pursuant to the Exemptive Order the Master Servicer's Annual Statement as
to Compliance, dated March 31, 1999 are filed as Exhibit 1 under Item
14(a) hereof.

Item 3. Legal Proceedings

There are no material pending legal proceedings related to any series of
Certificates that involve the Trustee, Custodian, the Master Servicer or
the Registrant with respect to any such series.

Item 4. Submission of Matters to a Vote of Security Holders

Information not provided pursuant to Exemptive Order.

PART II

Item 5. Market for the Registrant's Common Equity and Related Matters

(a) There is no established public trading market for the
Certificates.

(b) At December 31, 1998, the number of holders of record of
each outstanding series of Certificates is listed in Exhibit 3
under Item 14(a) hereof.

(c)Not applicable.

Item 6. Selected Financial Data

Information not provided pursuant to Exemptive Order.

Item 7. Management's Discussion & Analysis of Financial Condition and
Results of Operations

Information not provided pursuant to Exemptive Order.

Item 8. Financial Statements & Supplementary Financial Data

See the Master Servicer's Annual Statement of Compliance that is filed as
Exhibit 1 under Item 14(a) hereof; see also report dated March 22, 1999
prepared by the Master Servicer's independent accountant, concerning the
Master Servicer's servicing activities that is filed as Exhibit 2 under
Item 14(a) hereof.

Item 9. Disagreements on Accounting and Financial Disclosure

Not Applicable.

PART III
Item 10. Directors and Executive Officers of the Registrant

Information not provided pursuant to Exemptive Order.

Item 11. Executive Compensation

Information not provided pursuant to Exemptive Order.

Item 12. Security Ownership of Certain Beneficial Owners and Management

(a) Each holder of record of more than five percent (5%) of
the fractional undivided interest in a Mortgage Pool
evidenced by a series of Certificates, outstanding at
December 31, 1998 is listed in Exhibit 4 under Item 14(a) hereof.

(b) Not applicable

(c) Not applicable.

Item 13. Certain Relationships and Related Transactions

Information not provided pursuant to Exemptive Order.

PART IV

Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K

(a) EXHIBIT #

Officers' Annual Compliance Statements: 1
Residential Funding Corporation

Residential Funding Corporation Independent Auditors' Report on the
Uniform Single Audit Program for Mortgage Bankers 2

Part II, Item 5(b) 3

Part III, Item 12(a) 4

Audited financial statements for the year ended December 31, 1998 for
Ambac Financial Group, Inc.*

Audited financial statements for the year ended December 31, 1998 for
Municipal Bond Investors Assurance Corporation **

(b) See Item 2.

(c) Not applicable.

(d) Not applicable. No annual report or proxy material has been sent
to security holders.

- --------------------------

* Incorporated by reference to the audited financial statements of Ambac
Financial Group, Inc. Filed with the Securities and Exchange Commission on March
30, 1999 as part of its Annual Report on Form 10-K (Commission File #1-10777)
for the twelve-month period ended December 31, 1998.

** Incorporated by reference to the audited financial statements of Municipal
Bond Investors Assurance Corporation, Inc. Filed with the Securities and
Exchange Commission on March 30, 1999 as part of its Annual Report on Form 10-K
(Commission File #1-9583) for the twelve-month period ended December 31, 1998.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereto duly authorized, on this 31st day
of March, 1999.

RESIDENTIAL ACCREDIT LOANS, INC.

By: / s/ Christopher J. Nordeen
Christopher J. Nordeen
President
March 31, 1999

Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been executed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.

/s/Dennis W. Sheehan
Dennis W Sheehan
Assistant Treasurer
March 31, 1999

/s/Davee L. Olson
Davee L. Olson
Chief Financial Officer
March 31, 1999

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereto duly authorized, on this 31st day
of March, 1999.

By:
Christopher J. Nordeen
President
March 31, 1999

RESIDENTIAL ACCREDIT LOANS, INC.

Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been executed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.

By:
Christopher J. Nordeen
President
March 31, 1999

By:
Dennis W Sheehan
Assistant Treasurer
March 31, 1999

By:
Davee L. Olson
Chief Financial Officer
March 31, 1999

ITEM 14 EXHIBIT #1

OFFICERS' ANNUAL COMPLIANCE CERTIFICATE

The undersigned, Managing Director and Director, respectively, of
Residential Funding Corporation (the "Master Servicer"), pursuant to the various
Pooling and Servicing Agreements (the "Agreements") under which RFC acts as
Master Servicer or Manager, which agreements require an annual statement of
compliance to be made to the Certificate holders by officers of the Master
Servicer, hereby certify that:

(i) a review of the activities of the Master Servicer during the preceding
calendar year and of performance under the Agreements has been made
under the undersigned officers' supervision;

(ii) to the best of the undersigned officers' knowledge, based on such
review, the Master Servicer has fulfilled its obligations in all
material respects throughout such year;

(iii) to the best of each undersigned officers' knowledge, based on such
review, each Subservicer and Servicer has fulfilled its obligations
under its servicing agreement in all material respects; and

(iv) the Company has fully complied with the provisions of Article II of
the Pooling and Servicing Agreement.

Dated: March 31, 1999

/s/ Linda C. Simmons /s/Karen B. Gill
Linda C. Simmons Karen B.Gill
Managing Director Director

ITEM 14 EXHIBIT #2

Report of Independent Accountants

March 22, 1999

To the Board of Directors and Stockholder
of Residential Funding Corporation

We have examined management's assertion about Residential Funding Corporation's
(the "Company") compliance with their minimum servicing standards in their role
as Master Servicer as of and for the year ended December 31, 1998 included in
the accompanying management assertion. Such assertions were examined relating to
those mortgage loans included in the listing of mortgage loans and series of
certificates included in the attached Exhibit 1. Our testing procedures were
applied only to the series of certificates serviced on or before September 30,
1998. Direct servicing functions are performed by various subservicers.
Management is responsible for the Company's compliance with their minimum
servicing standards. Our responsibility is to express an opinion on management's
assertion about the entity's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with their
minimum servicing standards and performing such other procedures as we
considered necessary in the circumstances. Loans and series of certificates
subject to such procedures were selected using sampling methods, and
accordingly, we make no representation that our examination procedures were
performed on a specific loan or series of certificates as listed in the attached
Exhibit 1. We believe that our examination provides a reasonable basis for our
opinion. Our examination does not provide a legal determination on the Company's
compliance with their minimum servicing standards.

In our opinion, management's assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the year ended December
31, 1998 is fairly stated, in all material respects.

PricewaterhouseCoopers LLP
March 22, 1999
Page 1

March 22, 1999

PricewaterhouseCoopers LLP
650 South Third Street
Suite 1300
Minneapolis, MN 55402

As of and for the year ended December 31, 1998, Residential Funding Corporation
("RFC") has complied in all material respects with our minimum servicing
standards set forth below for those loans serviced for others under master
servicing arrangements. Direct servicing functions are performed by various
subservicers.

Our minimum standards are:

I. CUSTODIAL BANK ACCOUNTS

A. Reconciliations shall be prepared on a monthly basis for all custodial
bank accounts and related bank clearing accounts. These reconciliations
shall:

1) Be mathematically accurate.

2) Be prepared within thirty (30) calendar days after the cutoff date.

3) Be reviewed and approved by someone other than the person who
prepared the reconciliation, and document explanation for reconciling
items.

These reconciling items shall be resolved within ninety (90) calendar
days of their original identification.

B. Each custodial and escrow account as maintained by the master servicer
and subservicer shall be maintained in an eligible account in trust for
the applicable certificateholders as prescribed by applicable pooling
and servicing agreements.

C. Funds shall be advanced by the master servicer or the subservicer, as
required by applicable pooling and servicing agreements in accordance
with the amortization schedules of each mortgage loan, or for overdrafts
in the mortgagers escrow accounts.

II. SUBSERVICER REMITTANCES

PricewaterhouseCoopers LLP
March 22, 1999
Page 2

A. Remittances for mortgage payments and payoffs received from subservicers
shall be deposited into the applicable investor custodial bank account
within one business day of receipt.

B. Remittances from subservicers shall be reconciled to applicable
mortgagor records during the appropriate accounting cycle.

C. Reconciliations shall be performed monthly for each subservicer
remittance. These reconciliations shall:

1) Be mathematically accurate.

2) Be prepared within thirty (30) days after the cutoff date.

III. DISBURSEMENTS

A. Disbursements to investors shall be made in accordance with the
applicable pooling and servicing agreements and/or the prospectus
indicating how cash flows are to be allocated.

B. Amounts remitted to investors per our investor reports shall agree with
the custodial bank statements.

C. Only permitted withdrawals per the applicable pooling and servicing
agreements shall be made from the custodial accounts for
certificateholders.

D. Disbursements of investor funds from custodial accounts via wire
transfer shall be made only by authorized personnel.

IV. INVESTOR ACCOUNTING AND REPORTING

Statements to the certificateholders shall be made with each monthly
distribution in accordance with applicable pooling and servicing agreements
detailing the applicable distribution activity and effect on the unpaid
principal balance of the mortgage loans.

V. MORTGAGOR LOAN ACCOUNTTNG

Uniform Single Attestation Program reports from external subservicers will
be obtained and reviewed to provide a basis in meeting our minimum
servicing standards.

B. Mortgage loan records shall agree with, or reconcile to, the mortgage
loan records maintained by the subservicer with respect to unpaid
principal balance on a monthly basis.

VI. DELINQUENCIES

PricewaterhouseCoopers LLP
March 22, 1999
Page 3

Reports from subservicers identifying delinquent loans shall be received
and reviewed monthly. Reports shall be made with each distribution to
certificateholders as to the number and aggregate principal balances of
delinquent mortgage loans, based on the most recent reports furnished by
the subservicers.

VII. INSURANCE POLICIES

As of and for this same period, RFC had in effect a fidelity bond in the
amount of $150,000,000, and an errors and omissions policy in the amount of
$60,000,000 for the first eight months of 1998 which was increased to
$100,000,000 as of September 1, 1998.

/s/ Bruce Paradis
Bruce Paradis
Managing Director/President

/s/ Davee Olson
Davee Olson
Managing Director/Chief Financial Officer

/s/ Linda Simmons
Linda Simmons
Managing Director

Residential Funding Corporation
Serviced Series with Initial Cutoff Date Prior to September 30, 1998
December 31, 1998 Exhibit I

1986 Series
1986 NY Series A 1986-12 1986-15 1986-PC-10R 1986-PC-7R 1986-PC-8R 1986-PC-9R(A)
1986-PC-9R(C) 1986-U2 1986-U5

1987 Series
1987-1 1987-3 1987-4 1987-6 1987-PC-1 1987-PC-2 1987-PC-3 1987-PC-4
1987-S1 1987-S5 1987-SA1 1987-U10 1987-U11-A 1987-U12-B 1987-U13-A 1987-U13-B
1987-U15 1987-U16 1987-U17 1987-U18 1987-U19 1987-U4 1987-U5 1987-U7 1987-U9
1987-WH1-A 1987-WH1-B 1987-WHI-C

1988 Series
1988 NY Series A 1988-3A 1988-3B 1988-3C 1988-4B 1988-SW1 1988-U1 1988-U10
1988-U2 1988-U3 1988-U4 1988-U5 1988-U8 1988-U9

1989 Series
1989-2 1989-3A 1989-3C 1989-4A 1989-4B 1989-4C 1989-4D 1989-4E
1989-5A 1989-5B 1989-7 1989-S1 1989-S4 1989-SW1A 1989-SW1A 1989-SW1B 1989-SW1B
1989-SW2 1989-U1 1989-WH1

1990 Series
1990-2 1990-3A 1990-3B 1990-3C 1990-8 1990-MS1A 1990-MS1B 1990-MS1C 1990-MS1D
1990-MS1E 1990-NY A 1990-PC1 1990-PC2 1990-PC3 1990-PC4 1990-PC5 1990-PC6
1990-PC7 1990-R16 1990-S14 1990-SW1A 1990-SW1B 1990-SW1C 1990-SW2A 1990-SW2B
1990-SW3 1990-WH1 1990-WH-21990-C-1A 1990-C-1B 1990-C-1C 1990-C-1D 1990-C-1E
1990-C-1G 1990-C-1H 1990-C-1I 1990-C-1J 1990-C-1K

1991 Series
1991-21A 1991-21B 1991-21C 1991-25A 1991-25B 1991-4 1991-MS1A 1991-MS1B
1991-MS1C 1991-MS2 1991-MS3A 1991-MS3B 1991-MS3C 1991-R13
1991-R14 1991-R9 1991-S11 1991-SW-1A 1991-SW-1B 1991-SW-1C 1991-SW5A 1991-SW5B
1991-WH4A 1991-WH4B

1992 Series
1992-13 1992-17A 1992-17B 1992-17C 1992-S10 1992-S11 1992-S12
1992-S14 1992-S16 1992-S18 1992-S19 1992-S2 1992-S20 1992-S21 1992-S22 1992-S23
1992-S24 1992-S25

1992-S26 1992-S27 1992-S28 1992-S29 1992-S30 1992-S31 1992-S32 1992-S33 1992-S34
1992-S35 1992-S36 1992-S37 1992-S38 1992-S39 1992-S40 1992-S41 1992-S42
1992-S43 1992-S44 1992-S5 1992-S6 1992-S7 1992-S8 1992-S9 1992-SW12 1992-SW1A
1992-SW1B 1992-SW1C 1992-SW3 1992-SW4 1992-SW5 1992-SW7 1992-U10 1992-U11
1992-U2 1992-WH8 1992-J1 1992-J9 1992-J10

1993 Series
1993-1 1993-19 1993-PC11A 1993-PC11B 1993-PC11C
1993-PC12 1993-PC12A 1993-PC3 1993-PC6 1993-PC7 1993-PC9A 1993-PC9B 1993-PC9C
1993-PC9D 1993-PC9F 1993-PC9G 1993-PC9H 1993-PC9I 1993-PC9J 1993-S1 1993-S10
1993-S11 1993-S12 1993-S13 1993-S14 1993-S15 1993-S16 1993-S17 1993-S18 1993-S2
1993-S20 1993-S21 1993-S22 1993-S23 1993-S24 1993-S25 1993-S26 1993-S27 1993-S28
1993-S29 1993-S3 1993-S30 1993-S31 1993-S32 1993-S33 1993-S34 1993 Series
(cont.) 1993-S35 1993-S36 1993-S37 1993-S38 1993-S39 1993-S4 1993-S40 1993-S41
1993-S42 1993-S43 1993-S44 1993-S45 1993-S46 1993-S47 1993-S48 1993-S49 1993-S5
1993-S6 1993-S7 1993-S8 1993-S9 1993-WH1 1993-WH10 1993-WH13 1993-WH13A
1993-WH14 1993-WH14A-94 1993-WH15A 1993-WH15B 1993-WH15C 1993-WH15D
1993-WH15E-94 1993-WH15F-94 1993-WH15G-94 1993-WH15H-94 1993-WH15I-94
1993-WH15J-94 1993-WH15K-94 1993-WH2 1993-WH4A 1993-WH4B 1993-WH4C 1993-WH8
1993-J1 1993-J2 1993-J3 1993-J4 1993-J5 1993-J6 1993-MZ1 1993-MZ2 1993-MZ3

1994 Series
1994-S1 1994-S10 1994-S11 1994-S12 1994-S13 1994-S14 1994-S15
1994-S16 group I 1994-S16 group II 1994-S16 group III 1994-S17 1994-S18 1994-S19
1994-S2 1994-S20 1994-S3 1994-S5 1994-S6 1994-S7 1994-S8 1994-S9 1994-WH1
1994-WH10 1994-WH11A 1994-WH11B 1994-WH12 1994-WH14 1994-WH15 1994-WH16A
1994-WH16B 1994-WH16C 1994-WH16D 1994-WH17 1994-WH18
1994-WH2 1994-WH20 1994-WH21A 1994-WH21B 1994-WH22 1994-WH23 1994-WH3 1994-WH4A
1994-WH4B 1994-WH4C 1994-WH4D 1994-WH4E 1994-WH4F 1994-WH5 1994-WH8 1994-WH9
1994-MZ1 1994-RS4

1995 Series
1995-1 1995-HWH1 1995-HWH2 1995-HWH3 1995-HWH4 1995-HWH5 1995-K1
1995-KS1 1995-KS2 1995-KS3 group I 1995-KS3 group II 1995-KS4 1995-Q1 1995-QS1
1995-S1 1995-S10 1995-S11 1995-S12 1995-S13 1995-S14
1995-S15 1995-S16 1995-S17 1995-S18 1995-S19 1995-S2 1995-S21 1995-S3 1995-S4
1995-S6 1995-S7 1995-S8 1995-S9 1995-WH1 1995-WH10 1995-WH11 1995-WH12 1995-WH13
1995-WH14 1995-WH15 1995-WH16 1995-WH17 1995-WH18 1995-WH19 1995-WH2 1995-WH20
1995-WH21 1995-WH22A 1995-WH22B 1995-WH23 1995-WH3 1995-WH4 1995-WH5 1995-WH7
1995-WH8 1995-WH9 1995-J1 1995-J2 1995-J4

1996 Series
1996-HS1 1996-HS2 1996-HS3 1996-KS1 1996-KS2 1996-KS3 1996-KS4group I
1996-KS4group II 1996-KS5 1996-QS1 group I 1996-QS1 group II 1996-QS2
1996-QS3 group I 1996-QS3 group II 1996-QS4 group I 1996-QS4 group II
1996-QS5group I 1996-QS5group II 1996-QS6 1996-QS7 group I 1996-QS7-group II
1996-QS8 1996-RHS4 1996-S1 1996-S10 1996-S11 1996-S12 1996-S13 1996-S14
1996-S15 1996-S16 1996-S17 1996-S18 1996-S19 1996-S2 1996-S20 1996-S21
1996-S22 1996-S23 1996-S24 1996-S25 1996-S3 1996-S4 1996-S5 1996-S6
1996-S7 1996-S8 1996-S9 1996-SW1 1996-SWC-E 1996-WH10 1996-WH11 1996-WH12
1996-WH14 1996-WH15A 1996-WH15B 1996-WH15C 1996-WH16 1996-WH17 1996-WH18
1996-WH18 1996-WH19 1996-WH1A 1996-WH1B 1996-WH2 1996-WH3 1996-WH4 1996-WH4B
1996-WH4C 1996-WH4D 1996-WH4E 1996-WH4F 1996-WH4G group I 1996-WH4Ggroup II
1996-WH4H group I 1996-WH4H group II 1996-WH4I group I 1996-WH4I group II
1996-WH4J group I 1996-WH4J group II 1996-WH5 1996-WH6 1996-WH7 1996-WH9

1997 Series
1997-GMACM4 1997-HI1 1997-HI3
1997-HS2 1997-HS5 1997-HWH1 1997-KS1 group I 1997-KS1 group II 1997-KS2 group I
1997-KS2 group II 1997-KS3 group I 1997-KS3 group IIa 1997-KS3 group IIb
1997-KS4 group I 1997-KS4 group II 1997-NPC1 1997-NWH1 1997-NWH2 1997-NWH3
1997-NWH4 1997-NWH5 1997-NWH6 1997-NWH7 1997-NWH8 1997-QPCR1 group I 1997-QPCR1
group II 1997-QPCR2 group I 1997-QPCR2 group II 1997-QPCR2 group III 1997-QPCR3
1997-QS1 1997-QS10 1997-QS11 1997-QS12 1997-QS13 1997-QS2 1997-QS3 1997-QS4
1997-QS5 1997-QS6 1997-QS7 1997-QS8 1997-QS9 1997-QWH1
1997-S1 1997-S10 1997-S11 1997-S12 1997-S13 1997-S14 1997-S15 1997-S16
1997-S17 1997-S18 1997-S2 1997-S3 1997-S4 1997-S5
1997-S6 1997-S7 1997-S8 1997-S9 1997-S19 1997-S20 1997-S21 1997-WH10 1997-WH11
1997-WH12gr1 1997-WH12gr2 1997-WH13 1997-WH15 1997-WH1A
1997-WH1B group I 1997-WH1B group II 1997-WH1C group I 1997-WH1D group I
1997-WH1D group II 1997-WH1E group I 1997-WH1E group II 1997-WH1F group I
1997-WH1F group III 1997-WH1G group I 1997-WH1G group III 1997-WH1I group I
1997-WH1I group II 1997-WH1I group III 1997-WH1J group I
1997-WH1J group II 1997-WH1J group III
1997-WH1K group 1997-WH1K group II 1997-WH3 1997-WH4 1997-WH5 1997-WH6 1997-WH7
1997-WH8 group I 1997-WH8 group II 1997-WH9 1997-WH1F group II 1997-WH1G group
II 1997-WH1H group I 1997-WH1H group II 1997-WH1H group III

1998 Series
1998-HI2 1998-HS1 1998-HS3 1998-KS1 1998-KS2 1998-KS3 1998-NS1
1998-QS1 1998-QS2 1998-QS3 1998-QS4 1998-QS5 1998-QS6 1998-QS7 1998-QS8 1998-QS9
1998-QS10 1998-QS11 1998-QS12 1998-QS13
1998-S1 1998-S2 1998-S3 1998-S4 1998-S5 1998-S6 1998-S7 1998-S8 1998-S9
1998-S10 1998-S12 1998-S13 1998-S14 1998-S15 1998-S16 1998-S17 1998-S18
1998-S19 1998-S20 1998-S21 1998-S22

Loans Serviced for Others:

Citizens Thrift & Loan Association
Pool 5001

Liberty Lending Services, Inc.
Pool 5900

Metropolitan Bank
Pool 5901

Owensboro National Bank
Pool 5002

U.S. Mortgage
Pool 5005

Argo Federal Savings Bank
Pools 5000 and 5004

ITEM 14 EXHIBIT #3

RESIDENTIAL ACCREDIT LOANS, INC. Page 1

PART IV, Item 5(b)
EXHIBIT #4 Properties. 03/11/99

Mortgage Pool Number of Holders of Record

1995-QS1 6

1996-QS1 8

1996-QS2 10

1996-QS3 22

1996-QS4 24

1996-QS5 20

1996-QS6 3

1996-QS7 25

1996-QS8 26

1997-QS1 22

1997-QS10 15

1997-QS11 12

1997-QS12 17

1997-QS13 31

1997-QS2 19

1997-QS3 18

1997-QS4 19

1997-QS5 20

1997-QS6 16

1997-QS7 19

1997-QS8 20

1997-QS9 17

1998-QS1 15

1998-QS11 19

1998-QS12 23

1998-QS13 12

1998-QS14 16

1998-QS16 11

1998-QS2 20

1998-QS4 18

1998-QS5 15

1998-QS6 22

1998-QS7 16

1998-QS8 12

1998-QS9 23

ITEM 14 EXHIBIT #4

RESIDENTIAL ACCREDIT LOANS, INC. Page 1
03/11/99
Series
Class Holder Name and Address Face Amount Percent
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
1995-QS1 CEDE & CO 22,250,000.00 18.3189
A-3 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1995-QS1 CEDE & CO 46,000,000.00 37.8727
A-4 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1995-QS1 CEDE & CO 22,100,000.00 18.1954
A-5 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1995-QS1 CEDE & CO 31,109,000.00 25.6127
A-6 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS1 CEDE & CO 22,562,000.00 15.3754
A-I-3 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS1 CEDE & CO 31,852,000.00 21.7063
A-I-4 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS1 CEDE & CO 14,535,000.00 9.9052
A-I-5 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS1 CEDE & CO 18,417,136.00 12.5508
A-I-6 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS1 CEDE & CO 20,000,000.00 13.6294
A-I-7 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS1 CEDE & CO 29,374,968.00 20.0182
A-II C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS1 AUER & CO 9,999,000.00 6.8140
R C/O BANKERS TRUST COMPANY
ATTN: PRIVATE PLACEMENT UNIT
PO BOX 998
BOWLING GREEN STATION
NEW YORK, NY 10274

1996-QS2 CEDE & CO 28,500,000.00 20.9695
A-3 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS2 CEDE & CO 15,000,000.00 11.0366
A-4 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS2 CEDE & CO 14,000,000.00 10.3008
A-5 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS2 CEDE & CO 10,000,000.00 7.3577
A-6 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS2 CEDE & CO 26,000,000.00 19.1301
A-7 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS2 CEDE & CO 14,043,411.00 10.3328
A-8 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS2 CEDE & CO 18,190,000.00 13.3837
A-9 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS2 AUER & CO 9,999,000.00 7.3570
R C/O BANKERS TRUST COMPANY
ATTN: PRIVATE PLACEMENT UNIT
PO BOX 998
BOWLING GREEN STATION
NEW YORK, NY 10274

1996-QS3 CEDE & CO 19,000,000.00 10.9224
A-I-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS3 CEDE & CO 15,875,562.00 9.1263
A-I-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS3 CEDE & CO 18,587,000.00 10.6850
A-I-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS3 CEDE & CO 21,696,000.00 12.4723
A-I-6 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS3 CEDE & CO 17,436,000.00 10.0233
A-I-8 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS3 CEDE & CO 25,145,000.00 14.4550
A-I-9 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS3 CEDE & CO 20,551,438.00 11.8143
A-II C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS4 CEDE & CO 27,538,000.00 12.6917
A-I-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS4 CEDE & CO 26,945,000.00 12.4184
A-I-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS4 CEDE & CO 32,740,000.00 15.0892
A-I-4 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS4 CEDE & CO 26,811,000.00 12.3567
A-I-6 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS4 CEDE & CO 18,046,000.00 8.3170
A-I-7 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS4 CEDE & CO 16,021,000.00 7.3838
A-II-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1996-QS5 CEDE & CO 23,848,000.00 14.3374
A-I-1 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS5 CEDE & CO 22,501,000.00 13.5276
A-I-10 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS5 CEDE & CO 25,000,000.00 15.0300
A-I-2 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS5 CEDE & CO 16,926,000.00 10.1759
A-I-7 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS5 CEDE & CO 11,229,000.00 6.7509
A-I-9 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS5 CEDE & CO 11,162,000.00 6.7106
A-II-1 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS5 BANK OF NEW YORK, ACTING THROUGH IT 10,000,000.00 6.0120
A-V-1 LONDON BRANCH AS TRUSTEE FOR NOTEHO
UNDER INDENTURE DEED OF CHARGE AND
CUSTODY AGREEMENT EACH DATED AUG 28
101 BARCLAY STREET, FLOOR 12 EAST
NEW YORK, NY 10286

1996-QS5 AUER & CO. 10,000,000.00 6.0120
A-V-2 C/O BANKERS TRUST CO.
PO BOX 998
BOWLING GREEN STATION
NEW YORK, NY 10274

1996-QS6 CEDE & CO 138,145,180.00 99.3000
A C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS7 CEDE & CO 30,421,000.00 12.9781
A-I-11 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS7 CEDE & CO 43,322,483.00 18.4821
A-I-2 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS7 CEDE & CO 24,973,716.00 10.6542
A-I-5 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS7 CEDE & CO 22,526,000.00 9.6100
A-I-9 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS7 CEDE & CO 20,104,000.00 8.5767
A-II C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS8 CEDE & CO 20,953,719.00 12.2836
A-10 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS8 CEDE & CO 13,975,000.00 8.1925
A-11 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS8 CEDE & CO 20,646,958.00 12.1037
A-13 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS8 BANK OF NEW YORK, ACTING THROUGH IT 10,000,000.00 5.8622
A-15-1 LONDON BRANCH AS TRUSTEE FOR NOTEHO
UNDER INDENTURE DEED OF CHARGE AND
CUSTODY AGREEMENT EACH DATED AUG 28
101 BARCLAY STREET, FLOOR 12 EAST
NEW YORK, NY 10286

1996-QS8 AUER & CO. 10,000,000.00 5.8622
A-15-2 C/O BANKERS TRUST CO.
PO BOX 998
BOWLING GREEN STATION
NEW YORK, NY 10274

1996-QS8 CEDE & CO 13,128,206.00 7.6961
A-3 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS8 CEDE & CO 10,500,000.00 6.1553
A-5 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS8 CEDE & CO 31,579,563.00 18.5127
A-7 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1996-QS8 CEDE & CO 10,000,000.00 5.8622
A-8 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS1 CEDE & CO 10,267,765.00 5.6472
A-10 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS1 CEDE & CO 47,506,000.00 26.1282
A-11 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS1 CEDE & CO 15,938,000.00 8.7659
A-4 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS1 CEDE & CO 10,253,000.00 5.6391
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS1 CEDE & CO 31,511,646.00 17.3313
A-6 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS1 CEDE & CO 17,652,000.00 9.7086
A-7 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS1 CEDE & CO 19,068,000.00 10.4874
A-9 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS10 CEDE & CO 199,969,492.00 61.3022
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS10 CEDE & CO 25,143,000.00 7.7078
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS10 CEDE & CO 64,916,508.00 19.9007
A-4 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS11 CEDE & CO 99,650,000.00 94.9582
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS12 CEDE & CO 57,575,000.00 19.3137
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS12 CEDE & CO 22,405,757.00 7.5161
A-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS12 CEDE & CO 62,824,125.00 21.0746
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS12 CEDE & CO 24,294,118.00 8.1495
A-4 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS12 CEDE & CO 26,000,000.00 8.7218
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS12 CEDE & CO 22,583,041.00 7.5756
A-6 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS12 CEDE & CO 59,318,800.00 19.8987
A-7 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS13 CEDE & CO 31,499,000.00 7.5303
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS13 CEDE & CO 100,038,312.00 23.9156
A-11 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS13 CEDE & CO 26,249,000.00 6.2752
A-15 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS13 CEDE & CO 30,750,000.00 7.3512
A-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS13 CEDE & CO 40,799,000.00 9.7536
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS13 CEDE & CO 62,999,000.00 15.0608
A-7 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS13 CEDE & CO 68,339,000.00 16.3374
A-9 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS2 CEDE & CO 31,108,570.00 21.1072
A-1 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS2 BANK OF NEW YORK, ACTING THROUGH IT 10,000,000.00 6.7850
A-10-1 LONDON BRANCH AS TRUSTEE FOR NOTEHO
UNDER INDENTURE DEED OF CHARGE AND
CUSTODY AGREEMENT EACH DATED AUG 28
101 BARCLAY STREET, FLOOR 12 EAST
NEW YORK, NY 10286

1997-QS2 AUER & CO. 10,000,000.00 6.7850
A-10-2 C/O BANKERS TRUST CO.
PO BOX 998
BOWLING GREEN STATION
NEW YORK, NY 10274

1997-QS2 CEDE & CO 18,200,000.00 12.3487
A-4 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS2 CEDE & CO 10,000,000.00 6.7850
A-5 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS2 CEDE & CO 7,371,430.00 5.0015
A-6 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS2 CEDE & CO 10,400,783.00 7.0569
A-7 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS2 CEDE & CO 31,000,000.00 21.0335
A-8 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS3 BANK OF NEW YORK, ACTING THROUGH IT 10,000,000.00 6.5614
A-10-1 LONDON BRANCH AS TRUSTEE FOR NOTEHO
UNDER INDENTURE DEED OF CHARGE AND
CUSTODY AGREEMENT EACH DATED AUG 28
101 BARCLAY STREET, FLOOR 12 EAST
NEW YORK, NY 10286

1997-QS3 AUER & CO. 10,000,000.00 6.5614
A-10-2 C/O BANKERS TRUST CO.
PO BOX 998
BOWLING GREEN STATION
NEW YORK, NY 10274

1997-QS3 CEDE & CO 26,579,000.00 17.4397
A-2 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS3 CEDE & CO 16,821,000.00 11.0370
A-3 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS3 CEDE & CO 23,490,000.00 15.4128
A-4 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS3 CEDE & CO 15,374,000.00 10.0876
A-7 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS3 CEDE & CO 27,500,000.00 18.0440
A-8 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS4 CEDE & CO 35,775,000.00 18.0777
A-2 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS4 CEDE & CO 22,398,546.00 11.3184
A-3 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS4 CEDE & CO 24,498,244.00 12.3794
A-4 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS4 CEDE & CO 17,675,100.00 8.9315
A-5 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS4 CEDE & CO 52,000,000.00 26.2765
A-7 C/O THE DEPOSITORY TRUST COMPANY
55 WATER STREET
NEW YORK, NY 10041

1997-QS4 BANK OF NEW YORK, ACTING THROUGH IT 10,000,000.00 5.0532
A-9-1 LONDON BRANCH AS TRUSTEE FOR NOTEHO
UNDER INDENTURE DEED OF CHARGE AND
CUSTODY AGREEMENT EACH DATED AUG 28
101 BARCLAY STREET, FLOOR 12 EAST
NEW YORK, NY 10286

1997-QS4 AUER & CO. 10,000,000.00 5.0532
A-9-2 C/O BANKERS TRUST CO.
PO BOX 998
BOWLING GREEN STATION
NEW YORK, NY 10274

1997-QS5 CEDE & CO 29,956,909.00 15.6697
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS5 CEDE & CO 24,000,000.00 12.5538
A-4 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS5 CEDE & CO 11,785,091.00 6.1645
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS5 CEDE & CO 18,143,000.00 9.4901
A-6 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS5 CEDE & CO 42,917,000.00 22.4488
A-8 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS5 CEDE & CO 42,917,000.00 22.4488
A-9 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS6 CEDE & CO 42,946,000.00 40.4491
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS6 CEDE & CO 15,683,000.00 14.7712
A-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS6 CEDE & CO 18,746,000.00 17.6561
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS6 CEDE & CO 21,277,000.00 20.0400
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS7 CEDE & CO 82,491,000.00 43.1116
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS7 CEDE & CO 20,984,000.00 10.9667
A-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS7 CEDE & CO 11,000,000.00 5.7488
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS7 CEDE & CO 17,500,000.00 9.1459
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS7 CEDE & CO 17,500,000.00 9.1459
A-6 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS7 CEDE & CO 21,925,000.00 11.4585
A-7 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS8 CEDE & CO 54,507,000.00 29.6589
A-10 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS8 CEDE & CO 16,320,750.00 8.8806
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS8 CEDE & CO 19,700,543.00 10.7196
A-4 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS8 CEDE & CO 21,419,142.00 11.6548
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS8 CEDE & CO 16,496,308.00 8.9761
A-7 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS8 CEDE & CO 25,998,036.00 14.1463
A-8 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS9 CEDE & CO 17,420,000.00 8.0182
A-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS9 CEDE & CO 22,971,538.00 10.5735
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS9 CEDE & CO 38,010,000.00 17.4956
A-4 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS9 CEDE & CO 17,163,462.00 7.9001
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS9 CEDE & CO 29,977,000.00 13.7981
A-6 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS9 CEDE & CO 16,065,000.00 7.3945
A-7 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1997-QS9 CEDE & CO 54,645,000.00 25.1524
A-8 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS1 CEDE & CO 64,326,000.00 19.8336
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS1 CEDE & CO 117,395,000.00 36.1964
A-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS1 CEDE & CO 51,380,000.00 15.8420
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS1 CEDE & CO 65,040,000.00 20.0538
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS11 CEDE & CO 112,117,000.00 23.3605
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS11 CEDE & CO 47,967,000.00 9.9943
A-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS11 CEDE & CO 67,521,000.00 14.0685
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS11 CEDE & CO 30,346,000.00 6.3228
A-4 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS11 CEDE & CO 45,610,000.00 9.5032
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS11 CEDE & CO 28,628,000.00 5.9649
A-6 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS11 CEDE & CO 96,429,000.00 20.0917
A-9 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS12 CEDE & CO 188,037,444.00 58.7458
CB1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS12 CEDE & CO 25,499,800.00 7.9665
NB1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS12 CEDE & CO 21,430,159.00 6.6951
NB3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS12 CEDE & CO 20,899,000.00 6.5292
NB8 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS13 CEDE & CO 112,514,000.00 71.6653
CB C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS13 CEDE & CO 37,758,000.00 24.0498
NB C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS14 CEDE & CO 104,208,000.00 24.3523
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS14 CEDE & CO 97,975,000.00 22.8957
A-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS14 CEDE & CO 46,000,000.00 10.7497
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS14 CEDE & CO 37,995,000.00 8.8790
A-4 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS14 CEDE & CO 25,759,000.00 6.0196
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS14 CEDE & CO 88,071,000.00 20.5813
A-6 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS16 CEDE & CO 109,739,000.00 95.4717
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS2 CEDE & CO 158,282,400.00 36.4899
A-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS2 CEDE & CO 82,584,000.00 19.0386
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS2 CEDE & CO 38,888,850.00 8.9653
A-4 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS2 CEDE & CO 86,753,900.00 20.0000
A-7 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS4 CEDE & CO 135,006,400.00 33.3002
A-I1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS4 CEDE & CO 59,732,445.00 14.7334
A-I2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS4 CEDE & CO 41,218,155.00 10.1667
A-I3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS4 CEDE & CO 64,868,000.00 16.0001
A-I5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS4 CEDE & CO 75,203,000.00 18.5493
A-II C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS5 CEDE & CO 151,551,000.00 43.1271
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS5 CEDE & CO 75,936,500.00 21.6094
A-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS5 CEDE & CO 67,790,000.00 19.2911
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS6 CEDE & CO 20,174,375.00 5.0713
CB1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS6 CEDE & CO 39,313,092.00 9.8822
CB2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS6 CEDE & CO 20,500,000.00 5.1531
CB5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS6 CEDE & CO 136,500,000.00 34.3122
CB6 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS6 CEDE & CO 28,438,625.00 7.1487
CB7 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS6 CEDE & CO 75,900,500.00 19.0792
NB1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS7 CEDE & CO 172,668,000.00 42.7623
CB1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS7 CEDE & CO 35,551,000.00 8.8044
CB2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS7 CEDE & CO 44,215,000.00 10.9501
CB3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS7 CEDE & CO 32,242,000.00 7.9849
NB1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS7 CEDE & CO 77,840,000.00 19.2776
NB2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS8 CEDE & CO 124,454,000.00 71.8080
CB C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS8 CEDE & CO 41,430,000.00 23.9044
NB C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS9 CEDE & CO 99,000,000.00 23.1315
A-1 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS9 CEDE & CO 28,126,000.00 6.5717
A-12 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS9 CEDE & CO 43,000,000.00 10.0470
A-2 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS9 CEDE & CO 60,000,000.00 14.0191
A-3 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS9 CEDE & CO 27,000,000.00 6.3086
A-4 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS9 CEDE & CO 52,500,000.00 12.2667
A-5 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS9 CEDE & CO 36,500,000.00 8.5283
A-6 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274

1998-QS9 CEDE & CO 25,000,000.00 5.8413
A-7 C/O THE DEPOSITORY TRUST COMPANY
P. O. BOX 20
BOWLING GREEN STATION
NEW YORK NY 10274