-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RjRY/TtoESqm/iHJQjZc7Kj27QQgsKak95V5kw6lIsiGLFoc01duS+p6mEYwMOkn nWNx4HKmluIO+mIPm6TtyQ== 0000932858-97-000012.txt : 19970401 0000932858-97-000012.hdr.sgml : 19970401 ACCESSION NUMBER: 0000932858-97-000012 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970331 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: RESIDENTIAL ASSET SECURITIES CORP CENTRAL INDEX KEY: 0000932858 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 510362653 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-56893 FILM NUMBER: 97570475 BUSINESS ADDRESS: STREET 1: 8400 NORMANDALE LAKE BLVD STE 600 CITY: MINNEAPOLIS STATE: MN ZIP: 55437 BUSINESS PHONE: 6128327400 MAIL ADDRESS: STREET 1: 8400 NORMANDALE BLVD STE 6 STREET 2: 8400 NORMANDALE BLVD STE 6 CITY: MINNEAPOLIS STATE: MN ZIP: 55437 10-K 1 1996 FORM TYPE 10-K WITH EXHIBITS 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, 1996 Commission File Number 33-56893 RESIDENTIAL ASSET SECURITIES CORPORATION 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 ASSET SECURITIES CORPORTATION 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 Holders . . . . . . . . . . . . . . . . . . . . . . .2 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, 1997 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, 1996, the number of holders of record of each outstanding series of Certificates is listed in Exhibit 4 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 January 24, 1997 prepared by the Master Servicer's independent accountant, concerning the Master Servicer's servicing activities that are 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, 1997 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 (b) See Item 2. (c) Not applicable. (d) Not applicable. No annual report or proxy material has been sent to security holders. 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, 1997. RESIDENTIAL ASSET SECURITIES CORPORATION BY: s/Keenen W. Dammen Keenen W. Dammen President 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/Keenen W. Dammen Keenen W. Dammen President March 31, 1997 s/Dennis W. Sheehan Dennis W Sheehan Assistant Treasurer March 31, 1997 s/Davee Olson Davee L. Olson Executive Vice President, Chief Financial Officer March 31, 1997 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, 1997. RESIDENTIAL ASSET SECURITIES CORPORATION BY: Keenen W. Dammen President 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. Keenen W. Dammen President March 31, 1997 Dennis W Sheehan Assistant Treasurer, March 31, 1997 Davee L. Olson Executive Vice President, Chief Financial Officer March 31, 1997 EX-99.1 2 OFFICER'S ANNUAL COMPLIANCE STATEMENTS 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, 1997 s/ Magdalena M. Matthes s/ Karen Gill Magdalena M. Matthes Karen Gill Managing Director Director EX-99.2 3 RFC-AUDITORS' REPORT ON USAP FOR MORTGAGE BANKERS RESIDENTIAL FUNDING CORPORATION Letter Regarding Uniform Single Attestation Program for Mortgage Bankers December 31, 1996 INDEPENDENT AUDITORS' REPORT Board of Directors Residential Funding Corporation Minneapolis, Minnesota 55437 We have examined management's assertion about Residential Funding Corporation's (RFC) compliance with their minimum servicing standards in their role as Master Servicer as of and for the year ended December 31, 1996 included in the accompanying management assertion. Such assertions were examined related to those mortgage loans included in the Series of Certificates listed in the attached Exhibit 1. Our testing procedures were applied only to the Series of Certificates serviced on or before September 30, 1996. Direct servicing functions are performed by various subservicers. Management is responsible for RFC'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 RFC'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 2 were selected from RFC's portfolio using sampling methods. Accordingly, we make no representation that our examination procedures were performed on specific Series of Certificates 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 RFC's compliance with their minimum servicing standards. In our opinion, management's assertion that RFC complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 1996 is fairly stated in all material respects except for noncompliance with item VI of RFC's minimum servicing standards. This report is intended solely for the information of the Board of Directors and management of RFC and others for whom RFC services mortgage loans for the Series of Certificates included in the attached Exhibit 1 and should not be used for any other purpose. January 24, 1997 1 EXHIBIT I RESIDENTIAL FUNDING CORPORATION SERVICED SERIES WITH INITIAL CUTOFF DATE PRIOR TO SEPTEMBER 30, 1996 1986 Series 1986-12 1986-15 1986-PC-7R 1986-U1 1986-U5 1986-U7 1986 NY Series A 1987 Series 1987-1 1987-2 1987-3 1987-4 1987-6 1987-S1 1987-S2 1987-S4 1987-S5 1987-S7 1987-S8 1987-S9 1987-SA1 1987-U3 1987-U4 1987-U5 1987-U6 1987-U7 1987-U9 1987-U10 1987-U11-A 1987-U13-A 1987-U14 1987-U15 1987-U16 1987-U17 1987-U18 1987-U19 1987-WH1-A 1987-WH1-B 1987-WH1-C 1987-NY Series A 1988 Series 1988-3A 1988-3B 1988-3C 1988-4B 1988-4C 1988-4D 1988-S1 1988-SW1 1988-U1 1988-U2 1988-U3 1988-U4 1988-U5 1988-U8 1988-U9 1988-U10 1988-NY Series A 1989 Series 1989-2 1989-3A 1989-3B 1989-3C 1989-4A 1989-4B 1989-4C 1989-4D 1989-4E 1989-5A 1989-5B 1989-7 1989-3/PBSFC 1989-4/PBSFC 1989-S1 1989-S2 1989-S3 1989-S4 1989-S5 1989-S6 1989-SW1A 1989-SW1B 1989-SW2 1989-U1 1989-WH1 1990 Series 1990-2 1990-3A 1990-3B 1990-3C 1990-5 1990-6 1990-8 1990-PC1 1990-PC2 1990-PC3 1990-PC4 1990-PC5 1990-PC6 1990-S1 1990-S14 1990-MS1A 1990-MS1B 1990-MS1C 1990-MS1D 1990-MS1E 1990-SW1A 1990-SW1B 1990-SW1C 1990-SW2A 1990-SW2B 1990-SW3 1990-R16 1990-WH1 1990-WH2 1990C-1A 1990C-1B 1990C-1C 1990C-1D 1990C-1E 1990C-1F 1990C-1G 1990C-1H 1990C-1I 1990C-1J 1990C-1K 1990-NY Series A 1991 Series 1991-3 1991-4 1991-20 1991-21A 1991-21B 1991-21C 1991-23 1991-25A 1991-25B 1991-R9 1991-R13 1991-R14 1991-S8 1991-S11 1991-S24 1991-S29 1991-S30 1991-S31 1991-MS1A 1991-MS1B 1991-MS1C 1991-MS2 1991-MS3A 1991-MS3B 1991-MS3C 1991-SW1A 1991-SW1B 1991-SW1C 1991-SW5A 1991-SW5B 1991-WH4A 1991-WH4B 1991-J2 1991-J3 1992 Series 1992-S1 1992-S2 1992-S3 1992-S4 1992-S5 1992-S6 1992-S7 1992-S8 1992-S9 1992-S10 1992-S11 1992-S12 1992-13 1992-S14 1992-S15 1992-S16 1992-17A 1992-17B 1992-17C 1992-S18 1992-S19 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-SW1A 1992-SW1B 1992-SW1C 1992-SW3 1992-SW4 1992-SW5 1992-SW6 1992-SW7 1992-SW12 1992-U2 1992-U10 1992-U11 1992-WH8 1992-A 1992-D 1992-2 1992-4 1992-5 1992-J1 1992-J9 1992-J10 1993 Series 1993-1 1993-6 1993-19 1993-J1 1993-J2 1993-J3 1993-J4 1993-J6 1993-MZ1 1993-MZ2 1993-MZ3 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-PC11A 1993-PC11B 1993-PC11C 1993-PC12 1993-PC12A 1993-S1 1993-S2 1993-S3 1993-S4 1993-S5 1993-S6 1993-S7 1993-S8 1993-S9 1993-S10 1993-S11 1993-S12 1993-S13 1993-S14 1993-S15 1993-S16 1993-S17 1993-S18 1993-S20 1993-S21 1993-S22 1993-S23 1993-S24 1993-S25 1993-S26 1993-S27 1993-S28 1993-S29 1993-S30 1993-S31 1993-S32 1993-S33 1993-S34 1993-S35 1993-S36 1993-S37 1993-S38 1993-S39 1993-S40 1993-S41 1993-S42 1993-S43 1993-S44 1993-S45 1993-S46 1993-S47 1993-S48 1993-S49 1993-WH2 1993-WH4A 1993-WH4B 1993-WH4C 1993-WH8 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 1994 Series 1994-MZ1 1994-RS4 1994-S1 1994-S2 1994-S3 1994-S5 1994-S6 1994-S7 1994-S8 1994-S9 1994-S10 1994-S11 1994-S12 1994-S13 1994-S14 1994-S15 3 1994-S16I 1994-S16II 1994-S16III 1994-S17 1994-S18 1994-S19 1994-S20 1994-WH1 1994-WH2 1994-WH3 1994-WH4A 1994-WH4B 1994-WH4C 1994-WH4D 1994-WH4E 1994-WH4F 1994-WH5 1994-WH8 1994-WH9 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-WH20 1994-WH21A 1994-WH21B 1994-WH22 1994-WH23 1995 Series 1995-HWH1 1995-HWH2 1995-HWH3 1995-HWH4 1995-HWH5 1995-1 1995-J1 1995-J2 1995-J3 1995-J4 1995-K1 1995-KS1 1995-KS2 1995-KS3-I 1995-KS3-II 1995-KS4 1995-Q1 1995-QS1 1995-S1 1995-S2 1995-S3 1995-S4 1995-S6 1995-S7 1995-S8 1995-S9 1995-S10 1995-S11 1995-S12 1995-S13 1995-S14 1995-S15 1995-S16 1995-S17 1995-S18 1995-S19 1995-S21 1995-WH1 1995-WH2 1995-WH3 1995-WH4 1995-WH5 1995-WH7 1995-WH8 1995-WH9 1995-WH10 1995-WH11 1995-WH12 1995-WH13 1995-WH14 1995-WH15 1995-WH16 1995-WH17 1995-WH18 1995-WH19 1995-WH20 1995-WH21 1995-WH22A 1995-WH22B 1995-WH23 1996 Series 1996-HS1 1996-HS2 1996-KS1 1996-KS2 1996-KS3 1996-KS4-I 1996-KS4-II 1996-QS1-I 1996-QS1-II 1996-QS2 1996-QS3-I 1996-QS3-II 1996-QS4-I 1996-QS4-II 1996-QS5-I 1996-QS5-II 1996-QS6 1996-S1 1996-S2 1996-S3 1996-S4 1996-S5 1996-S6 1996-S7 1996-S8 1996-S9 1996-S10 1996-S11 1996-S12 1996-S13 1996-S14 1996-S15 1996-S16 1996-S17 1996-S18 1996-S19 1996-S20 1996-WH1A 1996-WH1B 1996-WH2 1996-WH3 1996-WH4 1996-WH4B 1996-WH4C 1996-WH4D 1996-WH4E 1996-WH4F 1996-WH4G-I 1996-WH4G-II 1996-WH5 1996-WH6 1996-WH7 1996-WH9 1996-WH10 1996-WH11 1996-WH12 1996-WH14 1996-WH15A 1996-WH15B 1996-WH15C 5 EXHIBIT II RESIDENTIAL FUNDING CORPORATION SERVICED SERIES AS OF SEPTEMBER 30, 1996 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 Salomon Brothers Realty Pool 5005 Argo Federal Savings Bank Pools 5000 & 5004 6 Deloitte & Touche LLP 400 One Financial Plaza 120 South Sixth Street Minneapolis, Minnesota 55402 As of and for the year ended December 31, 1996, 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 except as stated in Section VI Delinquencies. Direct servicing functions are performed by various subservicers. Our minimum standards are: I. CUSTODIAL BANK ACCOUNTS 1. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall: a. be mathematically accurate; b. be prepared within thirty (30) calendar days after the cutoff date; c. be reviewed and approved by someone other than the person who prepared the reconciliation, and document explanation for reconciling items. d. these reconciling items shall be resolved within ninety (90) calendar days of their original identification. 2. 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. 3. 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 1. 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. 2. Remittances from subservicers shall be reconciled to applicable mortgagor records during the appropriate accounting cycle. 3. Reconciliations shall be performed monthly for each subservicer remittance. These reconciliations shall: a. be mathematically accurate; b. be prepared within thirty (30) days after the cutoff date. III. DISBURSEMENTS 1. 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. 2. Amounts remitted to investors per our investor reports shall agree with the custodial bank statements. 3. Only permitted withdrawals per the applicable pooling and servicing agreements shall be made from the custodial accounts for certificateholders. 4. 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 ACCOUNTING 1. Uniform Single Attestation Program reports from subservicers will be obtained to provide a basis in meeting our minimum servicing standards. 2. 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 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. Modifications to investor reporting resulted in delinquency amounts not being accurately reported for certain loans. These discrepancies were corrected in the immediate subsequent accounting period. VII. INSURANCE POLICIES As of and for this same period, RFC had in effect a fidelity bond and errors and omissions policy in the amount of $150,000,000 and $60,000,000, respectively. /s/Bruce Paradis - -------------------------------- Bruce Paradis Managing Director/President /s/Davee Olson - -------------------------------- Davee Olson Managing Director/Chief Financial Officer /s/Christopher Nordeen - -------------------------------- Christopher Nordeen Managing Director/Distribution EXHIBIT I RESIDENTIAL FUNDING CORPORATION SERVICED SERIES WITH INITIAL CUTOFF DATE PRIOR TO SEPTEMBER 30, 1996 DECEMBER 31, 1996 - ------------------------------------------------------------------------------- 1986 Series 1986-12 1986-15 1986-PC-7R 1986-U1 1986-U5 1986-U7 1986 NY Series A 1987 Series 1987-1 1987-2 1987-3 1987-4 1987-6 1987-S1 1987-S2 1987-S4 1987-S5 1987-S7 1987-S8 1987-S9 1987-SA1 1987-U3 1987-U4 1987-U5 1987-U6 1987-U7 1987-U9 1987-U10 1987-U11-A 1987-U13-A 1987-U14 1987-U15 1987-U16 1987-U17 1987-U18 1987-U19 1987-WH1-A 1987-WH1-B 1987-WH1-C 1987-NY Series A 1988 Series 1988-3A 1988-3B 1988-3C 1988-4B 1988-4C 1988-4D 1988-S1 1988-SW1 1988-U1 1988-U2 1988-U3 1988-U4 1988-U5 1988-U8 1988-U9 1988-U10 1988-NY Series A 1989 Series 1989-2 1989-3A 1989-3B 1989-3C 1989-4A 1989-4B 1989-4C 1989-4D 1989-4E 1989-5A 1989-5B 1989-7 1989-3/PBSFC 1989-4/PBSFC 1989-S1 1989-S2 1989-S3 1989-S4 1989-S5 1989-S6 1989-SW1A 1989-SW1B 1989-SW2 1989-U1 1989-WH1 1990 Series 1990-2 1990-3A 1990-3B 1990-3C 1990-5 1990-6 1990-8 1990-PC1 1990-PC2 1990-PC3 1990-PC4 1990-PC5 1990-PC6 1990-S1 1990-S14 1990-MS1A 1990-MS1B 1990-MS1C 1990-MS1D 1990-MS1E 1990-SW1A 1990-SW1B 1990-SW1C 1990-SW2A 1990-SW2B 1990-SW3 1990-R16 1990-WH1 1990-WH2 1990C-1A 1990C-1B 1990C-1C 1990C-1D 1990C-1E 1990C-1F 1990C-1G 1990C-1H 1990C-1I 1990C-1J 1990C-1K 1990-NY Series A 1991 Series 1991-3 1991-4 1991-20 1991-21A 1991-21B 1991-21C 1991-23 1991-25A 1991-25B 1991-R9 1991-R13 1991-R14 1991-S8 1991-S11 1991-S24 1991-S29 1991-S30 1991-S31 1991-MS1A 1991-MS1B 1991-MS1C 1991-MS2 1991-MS3A 1991-MS3B 1991-MS3C 1991-SW1A 1991-SW1B 1991-SW1C 1991-SW5A 1991-SW5B 1991-WH4A 1991-WH4B 1991-J2 1991-J3 1992 Series 1992-S1 1992-S2 1992-S3 1992-S4 1992-S5 1992-S6 1992-S7 1992-S8 1992-S9 1992-S10 1992-S11 1992-S12 1992-13 1992-S14 1992-S15 1992-S16 1992-17A 1992-17B 1992-17C 1992-S18 1992-S19 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-SW1A 1992-SW1B 1992-SW1C 1992-SW3 1992-SW4 1992-SW5 1992-SW6 1992-SW7 1992-SW12 1992-U2 1992-U10 1992-U11 1992-WH8 1992-A 1992-D 1992-2 1992-4 1992-5 1992-J1 1992-J9 1992-J10 1993 Series 1993-1 1993-6 1993-19 1993-J1 1993-J2 1993-J3 1993-J4 1993-J6 1993-MZ1 1993-MZ2 1993-MZ3 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-PC11A 1993-PC11B 1993-PC11C 1993-PC12 1993-PC12A 1993-S1 1993-S2 1993-S3 1993-S4 1993-S5 1993-S6 1993-S7 1993-S8 1993-S9 1993-S10 1993-S11 1993-S12 1993-S13 1993-S14 1993-S15 1993-S16 1993-S17 1993-S18 1993-S20 1993-S21 1993-S22 1993-S23 1993-S24 1993-S25 1993-S26 1993-S27 1993-S28 1993-S29 1993-S30 1993-S31 1993-S32 1993-S33 1993-S34 1993-S35 1993-S36 1993-S37 1993-S38 1993-S39 1993-S40 1993-S41 1993-S42 1993-S43 1993-S44 1993-S45 1993-S46 1993-S47 1993-S48 1993-S49 1993-WH2 1993-WH4A 1993-WH4B 1993-WH4C 1993-WH8 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 1994 Series 1994-MZ1 1994-RS4 1994-S1 1994-S2 1994-S3 1994-S5 1994-S6 1994-S7 1994-S8 1994-S9 1994-S10 1994-S11 1994-S12 1994-S13 1994-S14 1994-S15 1994-S16I 1994-S16II 1994-S16III 1994-S17 1994-S18 1994-S19 1994-S20 1994-WH1 1994-WH2 1994-WH3 1994-WH4A 1994-WH4B 1994-WH4C 1994-WH4D 1994-WH4E 1994-WH4F 1994-WH5 1994-WH8 1994-WH9 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-WH20 1994-WH21A 1994-WH21B 1994-WH22 1994-WH23 1995 Series 1995-HWH1 1995-HWH2 1995-HWH3 1995-HWH4 1995-HWH5 1995-1 1995-J1 1995-J2 1995-J3 1995-J4 1995-K1 1995-KS1 1995-KS2 1995-KS3-I 1995-KS3-II 1995-KS4 1995-Q1 1995-QS1 1995-S1 1995-S2 1995-S3 1995-S4 1995-S6 1995-S7 1995-S8 1995-S9 1995-S10 1995-S11 1995-S12 1995-S13 1995-S14 1995-S15 1995-S16 1995-S17 1995-S18 1995-S19 1995-S21 1995-WH1 1995-WH2 1995-WH3 1995-WH4 1995-WH5 1995-WH7 1995-WH8 1995-WH9 1995-WH10 1995-WH11 1995-WH12 1995-WH13 1995-WH14 1995-WH15 1995-WH16 1995-WH17 1995-WH18 1995-WH19 1995-WH20 1995-WH21 1995-WH22A 1995-WH22B 1995-WH23 1996 Series 1996-HS1 1996-HS2 1996-KS1 1996-KS2 1996-KS3 1996-KS4-I 1996-KS4-II 1996-QS1-I 1996-QS1-II 1996-QS2 1996-QS3-I 1996-QS3-II 1996-QS4-I 1996-QS4-II 1996-QS5-I 1996-QS5-II 1996-QS6 1996-S1 1996-S2 1996-S3 1996-S4 1996-S5 1996-S6 1996-S7 1996-S8 1996-S9 1996-S10 1996-S11 1996-S12 1996-S13 1996-S14 1996-S15 1996-S16 1996-S17 1996-S18 1996-S19 1996-S20 1996-WH1A 1996-WH1B 1996-WH2 1996-WH3 1996-WH4 1996-WH4B 1996-WH4C 1996-WH4D 1996-WH4E 1996-WH4F 1996-WH4G-I 1996-WH4G-II 1996-WH5 1996-WH6 1996-WH7 1996-WH9 1996-WH10 1996-WH11 1996-WH12 1996-WH14 1996-WH15A 1996-WH15B 1996-WH15C EXHIBIT II RESIDENTIAL FUNDING CORPORATION SERVICED SERIES WITH INITIAL CUTOFF DATE PRIOR TO SEPTEMBER 30, 1996 DECEMBER 31, 1996 - ------------------------------------------------------------------------------- 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 Salomon Brothers Realty Pool 5005 Argo Federal Savings Bank Pools 5000 & 5004 EX-99.3 4 # OF HOLDERS OF RECORD OF OUTSTANDING SERIES RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. FORM 10-K PART IV, Item 5(b) EXHIBIT #4 Properties. 03/21/97 Mortgage Pool Number of Holders of Record 1995-KS1 3 1995-KS2 3 1995-KS3 13 1995-KS4 3 1996-KS1 3 1996-KS2 10 1996-KS3 3 1996-KS4 8 1996-KS5 3 EX-99.4 5 HOLDERS OF RECORD GREATER THAN 5% OF MORTGAGE RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. 03/21/97 Series Class Holder Name and Address Face Amount Percent 1995-KS1 CEDE & CO 94,350,062.00 90.4169 A C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1995-KS1 OLEN & CO 9,999,000.00 9.5822 R 14 WALL STREET 8TH FLOOR NEW YORK, NY 10005 1995-KS2 CEDE & CO 105,461,520.00 91.3391 A C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1995-KS2 OLEN & CO 9,999,000.00 8.6600 R 14 WALL STREET 8TH FLOOR NEW YORK, NY 10005 1995-KS3 CEDE & CO 36,305,000.00 23.1246 A-1I C/O THE DEPOSITORY TRUST COMPANY P. O. BOX 20 BOWLING GREEN STATION NEW YORK NY 10274 1995-KS3 CEDE & CO 26,280,000.00 16.7391 A-2I C/O THE DEPOSITORY TRUST COMPANY P. O. BOX 20 BOWLING GREEN STATION NEW YORK NY 10274 1995-KS3 CEDE & CO 19,819,000.00 12.6238 A-3I C/O THE DEPOSITORY TRUST COMPANY P. O. BOX 20 BOWLING GREEN STATION NEW YORK NY 10274 1995-KS3 CEDE & CO 16,482,000.00 10.4983 A-4I C/O THE DEPOSITORY TRUST COMPANY P. O. BOX 20 BOWLING GREEN STATION NEW YORK NY 10274 1995-KS3 CEDE & CO 11,122,743.00 7.0847 A-5I C/O THE DEPOSITORY TRUST COMPANY P. O. BOX 20 BOWLING GREEN STATION NEW YORK NY 10274 1995-KS3 CEDE & CO 41,561,444.00 26.4727 A-II C/O THE DEPOSITORY TRUST COMPANY P. O. BOX 20 BOWLING GREEN STATION NEW YORK NY 10274 1995-KS4 CEDE & CO 98,996,689.00 95.5000 A C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1996-KS1 CEDE & CO 77,178,720.00 88.5293 A C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1996-KS1 OLEN & CO 9,999,000.00 11.4695 R 14 WALL STREET 8TH FLOOR NEW YORK, NY 10005 1996-KS2 CEDE & CO 41,000,000.00 40.8112 A-1 C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1996-KS2 CEDE & CO 28,000,000.00 27.8710 A-2 C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1996-KS2 CEDE & CO 12,000,000.00 11.9447 A-3 C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1996-KS2 CEDE & CO 14,086,733.00 14.0219 A-4 C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1996-KS3 CEDE & CO 143,731,008.00 99.9993 A C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1996-KS4 CEDE & CO 33,524,000.00 10.5441 A-I-1 C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1996-KS4 CEDE & CO 35,203,000.00 11.0721 A-I-2 C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1996-KS4 CEDE & CO 223,019,000.00 70.1445 A-II C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 1996-KS5 CEDE & CO 200,011,758.00 99.5025 A C/O THE DEPOSITORY TRUST COMPANY 55 WATER STREET NEW YORK, NY 10041 -----END PRIVACY-ENHANCED MESSAGE-----