Statement to Certificateholder

Distribution Information

Deal Information

1. Distribution Summary

Deal Name:

Residential Accredit Loans Inc, 2006-QS3

2. Factor Summary

Asset Type:

Mortgage Asset-Backed Pass-Through Certificates

3. Components Information

(Not Applicable)

Closing Date:

03/30/2006

4. Interest Summary

First Distribution Date:

04/25/2006

5. Other Income Detail

(Not Applicable)

Determination Date:

05/23/2006

6. Interest Shortfalls, Compensation and Expenses

Distribution Date:

05/25/2006

Record Date:

7. Prepayment Interest and Basis Risk/Net WAC Shortfall Amounts

(Not Applicable)

Book-Entry:

8. Collateral Summary

Definitive:

04/28/2006

9. Repurchase Information

Trustee:

Deutsche Bank Trust Company Americas

Main Telephone:

714-247-6000

10. Loan Status Report (Delinquencies)

11. Deal Delinquencies (30 Day Buckets)

GMAC-RFC

Bond Administrator:

Jocelyn Manilay

12. Loss Mitigation and Servicing Modifications

Telephone:

818-260-1504

13. Losses and Recoveries

Pool(s) :

40311,40312

14. Credit Enhancement Report

15. Distribution Percentages

16. Overcollateralization Summary

(Not Applicable)

17. Excess Cash Flow, Overcollateralization
Provisions and Derivative Amounts

(Not Applicable)

18. Performance Tests

19. Lender Paid Mortgage Insurance

(Not Applicable)

20. Comments

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 1 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



	1. Distribution Summary

									Beginning
					Original Face Value						Pass-Through					Principal			Interest		Total Distribution		Principal Loss				Interest		Deferred Interest			Ending Notional/ Principal Balance (1)-(3)-(6)+(8)=(9)
		Class	CUSIP




								(1)					(2)	(3)				(4)				(5)	(6)			(7)				(8)			(9)

I-A-1			761118XD5	55,000,000.00			54,387,762.05					5.65924665			0.00		256,494.80			256,494.80				0.00	0.00			0.00			54,387,762.05

						1				1																								1
I-A-2			761118XE3	55,000,000.00			54,387,762.05					0.00000000			0.00		0.00			0.00				0.00	0.00			0.00			54,387,762.05



I-A-3			761118XF0	30,477,000.00			30,111,276.00					5.50000000			365,724.00		138,010.02			503,734.02				0.00	0.00			0.00			29,745,552.00


I-A-4			761118XG8	15,968,000.00			16,041,186.67					5.50000000			2,177,398.23		0.00			2,177,398.23				0.00	0.00			73,522.11			13,937,310.55


I-A-5			761118XH6	145,000.00			145,664.58					5.50000000			0.00		0.00			0.00				0.00	0.00			667.63			146,332.21

						1				1																								1
I-A-6			761118XJ2	8,465,833.00			8,390,490.78					6.00000000			0.00		41,952.45			41,952.45				0.00	0.00			0.00			8,184,746.40



I-A-7			761118XK9	20,000,000.00			19,822,007.93					6.00000000			486,058.17		99,110.04			585,168.21				0.00	0.00			0.00			19,335,949.76


I-A-8			761118XL7	88,458,000.00			87,186,253.36					5.35938006			2,031,406.25		389,386.89			2,420,793.14				0.00	0.00			0.00			85,154,847.11

						1				1																								1
I-A-9			761118XM5	88,458,000.00			87,186,253.36					0.64061998			0.00		46,544.38			46,544.38				0.00	0.00			0.00			85,154,847.11



I-A-10			761118XN3	92,341,000.00			91,261,000.00					6.00000000			1,080,000.00		456,305.00			1,536,305.00				0.00	0.00			0.00			90,181,000.00


I-A-11			761118XP8	49,722,000.00			49,564,500.00					6.00000000			157,500.00		247,822.50			405,322.50				0.00	0.00			0.00			49,407,000.00


I-A-12			761118XQ6	12,460,000.00			12,460,000.00					6.00000000			0.00		62,300.00			62,300.00				0.00	0.00			0.00			12,460,000.00


I-A-13			761118XR4	6,250,000.00			6,281,250.00					6.00000000			3,529,377.57		0.00			3,529,377.57				0.00	0.00			31,406.25			2,783,278.68


I-A-14			761118XS2	23,938,860.00			23,938,860.00					6.00000000			0.00		119,694.30			119,694.30				0.00	0.00			0.00			23,938,860.00


I-A-15			761118XT0	5,269,140.00			5,269,140.00					6.00000000			0.00		26,345.70			26,345.70				0.00	0.00			0.00			5,269,140.00


II-A-1			761118XU7	499,971,000.00			493,377,777.18					6.50000000			5,821,543.71		2,672,462.96			8,494,006.67				0.00	0.00			0.00			487,556,233.47


I-A-P			761118XV5	1,060,890.90			1,058,721.38					0.00000000			6,837.21		0.00			6,837.21				0.00	0.00			0.00			1,051,884.17

						1				1																								1
I-A-V			76111XW3	427,830,020.49			424,253,843.09					0.56236938			0.00		198,822.81			198,822.81				0.00	0.00			0.00			414,511,216.37



II-A-P			761118XX1	8,153,955.30			8,124,936.13					0.00000000			22,631.30		0.00			22,631.30				0.00	0.00			0.00			8,102,304.83

						1				1																								1
II-A-V			761118YH5	542,001,169.71			535,362,215.33					0.38672610			0.00		172,532.12			172,532.12				0.00	0.00			0.00			529,501,233.89



R-I			761118XY9	100.00			0.00					6.00000000			0.00		0.00			0.00				0.00	0.00			0.00			0.00


R-II			761118XZ6	100.00			0.00					6.50000000			0.00		0.00			0.00				0.00	0.00			0.00			0.00


R-III			761118YA0	100.00			0.00					6.50000000			0.00		0.00			0.00				0.00	0.00			0.00			0.00

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 2 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



M-1			761118YB8	32,975,800.00		32,959,305.11	6.27943457		16,716.22	172,471.50	189,187.72		0.00	0.00		0.00	32,942,588.89


M-2			761118YC6	9,213,400.00		9,208,791.35	6.27943514		4,670.49	48,188.34	52,858.83		0.00	0.00		0.00	9,204,120.86


M-3			761118YD4	6,788,800.00		6,785,404.16	6.27943553		3,441.40	35,507.09	38,948.49		0.00	0.00		0.00	6,781,962.76


B-1			761118YE2	4,849,200.00		4,846,774.37	6.27943405		2,458.17	25,362.50	27,820.67		0.00	0.00		0.00	4,844,316.20


B-2			761118YF9	3,879,300.00		3,877,359.53	6.27943522		1,966.51	20,289.69	22,256.20		0.00	0.00		0.00	3,875,393.02


B-3			761118YG7	2,909,544.00		2,908,088.61	6.27943589		1,474.92	15,217.63	16,692.55		0.00	0.00		0.00	2,906,613.69


		Deal Totals			969,831,190.20	959,616,058.41		15,709,204.15		5,244,820.72	20,954,024.87	0.00			0.00	105,595.99	944,012,450.25

	1.Notional Balance

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 3 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



2. Factor Summary
Amount /Original Amount per $1000 unit)

	Class	CUSIP		Beginning Notional/ Principal Balance Factor	Principal Distribution Factor	Interest Distribution	Total Distribution	Deferred Interest Factor	Interest Shortfall	Ending Notional/ Principal Balance Factor




	I-A-1	761118XD5	988.86840091		0.00000000	4.66354182	4.66354182	0.00000000	0.00000000	988.86840091

	I-A-2	761118XE3	988.86840091		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	988.86840091

	I-A-3	761118XF0	988.00000000		12.00000000	4.52833350	16.52833350	0.00000000	0.00000000	976.00000000

	I-A-4	761118XG8	1,004.58333354		136.36010959	0.00000000	136.36010959	4.60434056	0.00000000	872.82756450

	I-A-5	761118XH6	1,004.58331034		0.00000000	0.00000000	0.00000000	4.60434483	0.00000000	1,009.18765517

	I-A-6	761118XJ2	991.10043631		0.00000000	4.95550172	4.95550172	0.00000000	0.00000000	966.79752601

	I-A-7	761118XK9	991.10039650		24.30290850	4.95550200	29.25841050	0.00000000	0.00000000	966.79748800

	I-A-8	761118XL7	985.62315856		22.96464141	4.40194092	27.36658233	0.00000000	0.00000000	962.65851715

	I-A-9	761118XM5	985.62315856		0.00000000	0.52617491	0.52617491	0.00000000	0.00000000	962.65851715

	I-A-10	761118XN3	988.30422023		11.69577977	4.94152110	16.63730087	0.00000000	0.00000000	976.60844045

	I-A-11	761118XP8	996.83238808		3.16761192	4.98416194	8.15177386	0.00000000	0.00000000	993.66477616

	I-A-12	761118XQ6	1,000.00000000		0.00000000	5.00000000	5.00000000	0.00000000	0.00000000	1,000.00000000

	I-A-13	761118XR4	1,005.00000000		564.70041120	0.00000000	564.70041120	5.02500000	0.00000000	445.32458880

	I-A-14	761118XS2	1,000.00000000		0.00000000	5.00000000	5.00000000	0.00000000	0.00000000	1,000.00000000

	I-A-15	761118XT0	1,000.00000000		0.00000000	5.00000000	5.00000000	0.00000000	0.00000000	1,000.00000000

	II-A-1	761118XU7	986.81278950		11.64376276	5.34523594	16.98899870	0.00000000	0.00000000	975.16902674

	I-A-P	761118XV5	997.95500178		6.44478146	0.00000000	6.44478146	0.00000000	0.00000000	991.51022033

	I-A-V	76111XW3	991.64112561		0.00000000	0.46472384	0.46472384	0.00000000	0.00000000	968.86893513

	II-A-P	761118XX1	996.44109283		2.77549964	0.00000000	2.77549964	0.00000000	0.00000000	993.66559319

	II-A-V	761118YH5	987.75103311		0.00000000	0.31832426	0.31832426	0.00000000	0.00000000	976.93743756

	R-I	761118XY9	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000

	R-II	761118XZ6	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000

	R-III	761118YA0	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000

	M-1	761118YB8	999.49978803		0.50692387	5.23024460	5.73716847	0.00000000	0.00000000	998.99286416

	M-2	761118YC6	999.49978835		0.50692361	5.23024508	5.73716869	0.00000000	0.00000000	998.99286474

	M-3	761118YD4	999.49978789		0.50692317	5.23024540	5.73716857	0.00000000	0.00000000	998.99286472

	B-1	761118YE2	999.49978759		0.50692279	5.23024416	5.73716696	0.00000000	0.00000000	998.99286480

	B-2	761118YF9	999.49978862		0.50692393	5.23024515	5.73716908	0.00000000	0.00000000	998.99286469

	B-3	761118YG7	999.49978760		0.50692480	5.23024570	5.73717050	0.00000000	0.00000000	998.99286280

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 4 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



	Deal Factor :			97.33781093%


	Group I Factor :			96.88689351%


	Group II Factor :			97.69374376%

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 5 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



4. Interest Summary
The following section only reports information for classes that have accrued interest for this distribution.

Class		Accrual Period			Accrual Methodology	Beginning Notional/Principal Balance			Pass- Through Rate	Optimal Interest		Interest Loss			Deferred Interest		Interest Shortfall Amount		Other Income		Interest Distribution (1)-(2)-(3)- (4)+(5)=(6)		Accrued Certificate Interest Remaining Unpaid






		Start		End							(1)		(2)			(3)		(4)		(5)		(6)
I-A-1	04/25/2006		05/24/2006		30/360		54,387,762.05		5.65924665	256,500.84		0.00		0.00			0.00		0.00		256,494.80		0.00	0.00

I-A-3	04/01/2006		04/30/2006		30/360		30,111,276.00		5.50000000	138,010.02		0.00		0.00			0.00		0.00		138,010.02		0.00	0.00

I-A-4	04/01/2006		04/30/2006		30/360		16,041,186.67		5.50000000	73,522.11		0.00		73,522.11			0.00		0.00		0.00		0.00	0.00

I-A-5	04/01/2006		04/30/2006		30/360		145,664.58		5.50000000	667.63		0.00		667.63			0.00		0.00		0.00		0.00	0.00

I-A-6	04/01/2006		04/30/2006		30/360		8,390,490.78	1	6.00000000	41,952.45		0.00		0.00			0.00		0.00		41,952.45		0.00	1.00


I-A-7	04/01/2006		04/30/2006		30/360		19,822,007.93		6.00000000	99,110.04		0.00		0.00			0.00		0.00		99,110.04		0.00	0.00

I-A-8	04/25/2006		05/24/2006		30/360		87,186,253.36		5.35938006	389,386.89		0.00		0.00			0.00		0.00		389,386.89		0.00	0.00

I-A-9	04/25/2006		05/24/2006		30/360		87,186,253.36	1	0.64061998	46,544.38		0.00		0.00			0.00		0.00		46,544.38		0.00	1.00


I-A-10	04/01/2006		04/30/2006		30/360		91,261,000.00		6.00000000	456,305.00		0.00		0.00			0.00		0.00		456,305.00		0.00	0.00

I-A-11	04/01/2006		04/30/2006		30/360		49,564,500.00		6.00000000	247,822.50		0.00		0.00			0.00		0.00		247,822.50		0.00	0.00

I-A-12	04/01/2006		04/30/2006		30/360		12,460,000.00		6.00000000	62,300.00		0.00		0.00			0.00		0.00		62,300.00		0.00	0.00

I-A-13	04/01/2006		04/30/2006		30/360		6,281,250.00		6.00000000	31,406.25		0.00		31,406.25			0.00		0.00		0.00		0.00	0.00

I-A-14	04/01/2006		04/30/2006		30/360		23,938,860.00		6.00000000	119,694.30		0.00		0.00			0.00		0.00		119,694.30		0.00	0.00

I-A-15	04/01/2006		04/30/2006		30/360		5,269,140.00		6.00000000	26,345.70		0.00		0.00			0.00		0.00		26,345.70		0.00	0.00

II-A-1	04/01/2006		04/30/2006		30/360		493,377,777.18		6.50000000	2,672,462.96		0.00		0.00			0.00		0.00		2,672,462.96		0.00	0.00

I-A-V	04/01/2006		04/30/2006		30/360		424,253,843.09	1	0.56236938	198,822.81		0.00		0.00			0.00		0.00		198,822.81		0.00	1.00


II-A-V	04/01/2006		04/30/2006		30/360		535,362,215.33	1	0.38672610	172,532.12		0.00		0.00			0.00		0.00		172,532.12		0.00	1.00


M-1	04/01/2006		04/30/2006		30/360		32,959,305.11		6.27943457	172,471.50		0.00		0.00			0.00		0.00		172,471.50		0.00	0.00

M-2	04/01/2006		04/30/2006		30/360		9,208,791.35		6.27943514	48,188.34		0.00		0.00			0.00		0.00		48,188.34		0.00	0.00

M-3	04/01/2006		04/30/2006		30/360		6,785,404.16		6.27943553	35,507.09		0.00		0.00			0.00		0.00		35,507.09		0.00	0.00

B-1	04/01/2006		04/30/2006		30/360		4,846,774.37		6.27943405	25,362.50		0.00		0.00			0.00		0.00		25,362.50		0.00	0.00

B-2	04/01/2006		04/30/2006		30/360		3,877,359.53		6.27943522	20,289.69		0.00		0.00			0.00		0.00		20,289.69		0.00	0.00

B-3	04/01/2006		04/30/2006		30/360		2,908,088.61		6.27943589	15,217.63		0.00		0.00			0.00		0.00		15,217.63		0.00	0.00

Deal Totals						950,432,400.90				5,350,422.75		0.00		105,595.99			0.00		0.00		5,244,820.72		0.00



1.Notional Balance



	Current Index Rates

Index Type		Rate		Classes


BTLIB TEL 25 -2BD		4.95938000	I-A-1, I-A-3, I-A-8, I-A-9

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 6 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006


6. Interest Shortfalls, Compensation and Expenses

			Current Prepayment Interest Shortfall Amount		Compensating Interest			Net Prepayment Interest Shortfall Amount (1) - (2)=(3)		Civil Relief Act	Civil Relief Act	Compensation				Advances			Allowable Expenses per	Non-Recoverable






			(1)			(2)			(3)			Subservicer		Master		Subservicer		Master



	Group I	10,907.44		10,907.44			0.00			0	0.00		91,195.22		16,131.25		73,394.16	0.00	0.00	0.00

	Group II	9,373.45		9,373.45			0.00			0	0.00		116,729.48		21,121.63		100,012.78	0.00	0.00	0.00

	Deal Totals	20,280.89		20,280.89			0.00			0	0.00		207,924.70		37,252.88		173,406.94	0.00	0.00	0.00

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 7 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006

8. Collateral Summary

A. Loan Count and Balances

Original Loan Count/
Scheduled Principal
Balance

Beginning Loan Count/
Scheduled Principal
Balance

Curtailments

Payoffs

Total Repurchases

Principal Portion
of Losses

Ending Loan Count/
Scheduled Principal
Balance

Count

Balance

Count

Balance

Count

Amount

Count

Amount

Count

Amount

Count

Amount

Count

Balance

Group I

1,990

427,830,020.49

1,973

424,253,843.09

289

102,260.21

9,419,224.93

0.00

1,939

414,511,216.37

Group II

2,516

542,001,169.71

2,486

535,362,215.33

318

454,776.93

5,140,182.88

0.00

2,466

529,501,233.89

Deal Totals

4,506

969,831,190.20

4,459

959,616,058.42

607

557,037.14

14,559,407.81

0.00

4,405

944,012,450.26

B. Weighted Averages

Beginning

Ending

Ending
Weighted
Average
Remaining
Amortization
Term

Ending
Weighted
Average
Months to
Maturity

Beginning
Weighted
Average
Net
Mortgage

Ending
Weighted
Average
Net
Mortgage

Beginning
Weighted
Average
Unmodified
Net
Mortgage

Net
Weighted
Average
Cap Rate

Weighted
Average
Net Rate

Group I

6.88098010

6.87673291

355.72

355.62

6.54739644

6.54376228

6.54739644

N/A

Group II

7.11314627

7.10643617

355.84

6.78807872

6.78138246

6.78807872

N/A

Deal Totals

7.01050377

7.00557460

355.79

355.75

6.68167119

6.67704461

6.68167119

N/A

C. Constant Prepayment Rate

1 Month CPR

3 Month CPR

6 Month CPR

12 Month CPR

Life CPR

Group-I

23.85%

16.77%

Group-II

11.85%

12.55%

Deal Totals

17.36%

14.43%

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 8 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



9. Repurchases

			Breaches Of Representations			ARM Conversions		Optional Repurchases of Defaulted Loans		Others		Total (1)+(2)+(3)+(4)=(5)
				(1)	(2)		(3)			(4)		(5)
		Count				0			0		0		0
				0


	Group I
		Scheduled Balance		0.00		0.00			0.00		0.00			0.00


		Count				0			0		0		0
				0


	Group II
		Scheduled Balance		0.00		0.00			0.00		0.00			0.00



		Count		0		0			0		0		0
	Deal Totals


		Scheduled Balance		0.00		0.00			0.00		0.00		0.00

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 9 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006


10. Loan Status Report
													Delinquency Calculation Method: Mortgage Bankers Association

					Current / Delinquent																	Bankruptcy								Foreclosure								REO																Total
	Deal Totals

		Count								Scheduled Balance					Count				Scheduled Balance				Count				Scheduled Balance					Count			Scheduled Balance				Actual Balance						Count								Scheduled Balance

	Current						4,276				916,517,432.05				0			0.00								0			0.00				0				0.00							0.00						4,276		916,517,432.05

	30 days					118					25,217,745.05				0			0.00								0			0.00				0				0.00							0.00						118		25,217,745.05

	60 days					11					2,277,273.16				0			0.00								0			0.00				0				0.00							0.00						11		2,277,273.16

	90 days					0					0.00				0			0.00								0			0.00				0				0.00							0.00						0		0.00

	120 days					0					0.00				0			0.00								0			0.00				0				0.00							0.00						0		0.00

	150 days					0					0.00				0			0.00								0			0.00				0				0.00							0.00						0		0.00

	180 days					0					0.00				0			0.00								0			0.00				0				0.00							0.00						0		0.00

	181+ days					0					0.00				0			0.00								0			0.00				0				0.00							0.00						0		0.00

	Total							4,405			944,012,450.26				0		0.00								0			0.00			0					0.00					0.00						4,405				944,012,450.26


	Current			97.07%								97.09%			0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%								97.07%		97.09%

	30 days					2.68%					2.67%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%							2.68%			2.67%

	60 days					0.25%					0.24%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%							0.25%			0.24%

	90 days					0.00%					0.00%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%							0.00%			0.00%

	120 days					0.00%					0.00%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%							0.00%			0.00%

	150 days					0.00%					0.00%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%							0.00%			0.00%

	180 days					0.00%					0.00%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%						0.00%				0.00%

	181+ days					0.00%					0.00%				0.00%					0.00%					0.00%				0.00%				0.00%		0.00%								0.00%						0.00%			0.00%

	Total		100.00%						100.00%					0.00%		0.00%								0.00%				0.00%			0.00%			0.00%						0.00%						100.00%					100.00%

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 10 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



			Current / Delinquent											Bankruptcy						Foreclosure					REO											Total
Group I

	Count						Scheduled Balance							Count			Scheduled Balance	Count				Scheduled Balance					Count			Scheduled Balance	Actual Balance				Count					Scheduled Balance


Current						1,886						402,501,417.15		0		0.00					0			0.00				0		0.00			0.00					1,886			402,501,417.15

30 days					50					11,542,613.98			0			0.00					0			0.00				0		0.00			0.00					50			11,542,613.98

60 days					3					467,185.24			0			0.00					0			0.00				0		0.00			0.00					3			467,185.24

90 days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

120 days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

150 days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

180 days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

181+ days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

Total					1,939					414,511,216.37			0			0.00				0				0.00				0		0.00				0.00				1,939			414,511,216.37


Current				97.27%				97.10%						0.00%		0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				97.27%			97.10%

30 days				2.58%							2.78%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				2.58%				2.78%

60 days				0.15%							0.11%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.15%		0.11%

90 days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

120 days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

150 days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

180 days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

181+ days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

Total		100.00%							100.00%				0.00%		0.00%				0.00%				0.00%			0.00%			0.00%			0.00%					100.00%		100.00%

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 11 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



			Current / Delinquent											Bankruptcy						Foreclosure					REO											Total
Group II

	Count						Scheduled Balance							Count			Scheduled Balance	Count				Scheduled Balance					Count			Scheduled Balance	Actual Balance				Count					Scheduled Balance


Current						2,390						514,016,014.90		0		0.00					0			0.00				0		0.00			0.00					2,390			514,016,014.90

30 days					68					13,675,131.07			0			0.00					0			0.00				0		0.00			0.00					68			13,675,131.07

60 days					8					1,810,087.92			0			0.00					0			0.00				0		0.00			0.00					8			1,810,087.92

90 days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

120 days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

150 days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

180 days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

181+ days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

Total					2,466					529,501,233.89			0			0.00				0				0.00				0		0.00				0.00				2,466			529,501,233.89


Current				96.92%				97.08%						0.00%		0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				96.92%			97.08%

30 days				2.76%							2.58%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				2.76%				2.58%

60 days				0.32%							0.34%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.32%		0.34%

90 days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

120 days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

150 days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

180 days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

181+ days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

Total		100.00%							100.00%				0.00%		0.00%				0.00%				0.00%			0.00%			0.00%			0.00%					100.00%		100.00%

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 12 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



11. Delinquency Data

			Totals				Totals					Totals					Totals					Totals
		Count % Count		Balance % Balance		Count % Count		Balance % Balance			Count % Count		Balance % Balance			Count % Count		Balance % Balance			Count % Count		Balance % Balance

			118	25,217,745.05			0		0.00			0		0.00			0		0.00			0		0.00
	1 Month				13 Months					25 Months					37 Months					49 Months


			2.68%	2.67%			0.00%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			11	2,277,273.16			0		0.00			0		0.00			0		0.00			0		0.00
	2 Months				14 Months					26 Months					38 Months					50 Months


			0.25%	0.24%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			0	0.00			0		0.00			0		0.00			0		0.00			0		0.00
	3 Months				15 Months					27 Months					39 Months					51 Months


			0.00%	0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			0	0.00			0		0.00			0		0.00			0		0.00			0		0.00
	4 Months				16 Months					28 Months					40 Months					52 Months


			0.00%	0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			0	0.00			0		0.00			0		0.00			0		0.00			0		0.00
	5 Months				17 Months					29 Months					41 Months					53 Months


			0.00%	0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			0	0.00			0		0.00			0		0.00			0		0.00			0		0.00
	6 Months				18 Months					30 Months					42 Months					54 Months


			0.00%	0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%

			0	0.00			0		0.00			0		0.00			0		0.00			0		0.00
	7 Months				19 Months					31 Months					43 Months					55 Months


			0.00%	0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%

																	0		0.00
			0	0.00			0		0.00			0		0.00								0		0.00

	8 Months				20 Months					32 Months					44 Months					56 Months


			0.00%	0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			0	0.00			0		0.00			0		0.00			0		0.00			0		0.00
	9 Months				21 Months					33 Months					45 Months					57 Months


			0.00%	0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			0	0.00			0		0.00			0		0.00			0		0.00			0		0.00
	10 Months				22 Months					34 Months					46 Months					58 Months


			0.00%	0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%

														0.00					0.00
			0	0.00			0		0.00			0					0					0		0.00

	11 Months				23 Months					35 Months					47 Months					59 Months


			0.00%	0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%

			0	0.00			0		0.00			0		0.00			0		0.00			0		0.00
	12 Months				24 Months					36 Months					48 Months					60+ Months


			0.00%	0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 13 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



12. Loss Mitigation and Servicing Modifications


			Current			1 Payment			2 Payments				3+ Payments				Foreclosure				REO		Total

		Modification Type	Count		Scheduled Balance	Count		Scheduled Balance	Count			Scheduled Balance	Count		Scheduled Balance		Count	Scheduled Balance			Count	Scheduled Balance	Count	Scheduled Balance


Group I		Capitalizations	0		0.00	0		0.00		0		0.00		0		0.00	0		0.00	0		0.00	0	0.00


		Other Modifications	0		0.00	0		0.00		0		0.00		0		0.00	0		0.00	0		0.00	0	0.00



Group II		Capitalizations	0		0.00	0		0.00		0		0.00		0		0.00	0		0.00	0		0.00	0	0.00


		Other Modifications	0		0.00	0		0.00		0		0.00		0		0.00	0		0.00	0		0.00	0	0.00



		Capitalizations		0	0.00		0	0.00			0	0.00		0		0.00	0		0.00	0		0.00	0	0.00

	Deal Totals
		Other
				0	0.00		0	0.00			0	0.00		0		0.00	0		0.00	0		0.00	0	0.00



				Payoffs										Repurchases					Liquidations													Total

		Current Month					Cumulative						Current Month			Cumulative			Current Month				Cumulative								Current Month						Cumulative
Modification Type

		Count			Scheduled Balance		Count		Scheduled Balance			Count			Scheduled Balance	Count	Scheduled Balance	Count		Scheduled Balance			Count		Scheduled Balance					Count					Scheduled Balance		Count		Scheduled Balance


Group I	Capitalizations		0		0.00		0			0.00			0		0.00	0	0.00	0		0.00			0				0.00			0					0.00		0				0.00


	Other Modifications		0		0.00		0			0.00			0		0.00	0	0.00	0		0.00			0				0.00			0					0.00		0		0.00



Group II	Capitalizations		0		0.00		0			0.00			0		0.00	0	0.00	0		0.00			0				0.00			0					0.00		0				0.00


	Other Modifications		0		0.00		0			0.00			0		0.00	0	0.00	0		0.00			0				0.00			0					0.00		0		0.00



Deal Totals	Capitalizations		0		0.00		0			0.00			0		0.00	0	0.00	0		0.00		0				0.00			0					0.00		0				0.00


	Other Modifications

		0		0.00		0		0.00			0			0.00	0	0.00	0		0.00		0			0.00				0					0.00		0			0.00

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 14 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



13. Losses and Recoveries
A. Current Cycle Realized Losses

			Current Period Realized Losses		Liquidations					Charge-Offs					Servicing Modifications						Bankruptcy Losses	Total

		Loss Count			0								0					0			0				0


	Group I	Beginning Aggregate Scheduled Balance			0.00								0.00						0.00		0.00				0


		Principal Portion of Loss					0.00							0.00						0.00	0.00					0.00



		Interest Portion of Loss						0.00						0.00						0.00	0.00					0.00


		Total Realized Loss		0.00								0.00					0.00				0.00	0.00


		Loss Count			0								0					0			0				0


	Group II	Beginning Aggregate Scheduled Balance			0.00								0.00						0.00		0.00				0


		Principal Portion of Loss					0.00							0.00						0.00	0.00					0.00



		Interest Portion of Loss						0.00						0.00						0.00	0.00					0.00


		Total Realized Loss		0.00								0.00					0.00				0.00	0.00


		Loss Count							0				0					0			0						0


		Beginning Aggregate Scheduled Balance							0.00				0.00					0.00			0.00						0.00
	Deal Totals



		Principal Portion of Loss							0.00				0.00					0.00			0.00						0.00


		Interest Portion of Loss						0.00					0.00					0.00			0.00						0.00


		Total Realized Loss					0.00				0.00					0.00					0.00			0.00


B. Cumulative Realized Losses

			Cumulative Realized Losses		Liquidations					Charge-Offs					Servicing Modifications						Bankruptcy Losses	Total


	Group I	Loss Count			0								0					0			0				0


		Total Realized Loss				0.00								0.00						0.00	0.00					0.00



	Group II	Loss Count			0								0					0			0				0


		Total Realized Loss				0.00								0.00						0.00	0.00					0.00



	Deal Totals	Loss Count					0						0					0			0		0


		Total Realized Loss				0.00							0.00					0.00			0.00		0.00

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 15 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



C. Subsequent Recoveries

				Subsequent Recoveries	Current Period								Cumulative


			Subsequent Recoveries Count				0			0
		Group I
			Subsequent Recoveries					0.00			0.00


			Net Loss 1					0.00				0.00


			Net Loss % 2						0.00%					0.00%


			Subsequent Recoveries Count				0			0
		Group II
			Subsequent Recoveries					0.00			0.00


			Net Loss 1					0.00				0.00


			Net Loss % 2						0.00%					0.00%


			Subsequent Recoveries Count					0		0


			Subsequent Recoveries					0.00		0.00
		Deal Totals


			Net Loss 1					0.00		0.00



			Net Loss % 2			0.00%				0.00%

	1 Total Realized Loss less Subsequent Recoveries
	2 Net Loss % of Original Balance

D. Default Percentages

Default Loss Percentage

1 Month

3 Months

6 Months

12 Months

Life of Deal

Group

Monthly Default Rate

0.00%

Constant Default Rate

0.00%

Group

Monthly Default Rate

0.00%

Constant Default Rate

0.00%

Monthly Default Rate

0.00%

Deal Totals

Constant Default Rate

0.00%

1-Month MDR (Current Month) = SUM(Beginning Scheduled balances of liquidating loans) / [SUM(Beginning Scheduled loan balances)- SUM(Scheduled Principal payments)]
m-Month = 3, 6, 12, months or the life of deal to date
m-Month MDR(over m months in period where n is current month)= 1-[(1-MDRn-m+1) * (1-MDRn-m+2) *.* (1-MDR n-1) * (1-MDRn)]^(1/m)
CDRm = 1- [(1- MDRm)^12],where m is number of months in period

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 16 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006

14. Credit Enhancement Report

Reserve Accounts

DEPOSITS

WITHDRAWALS

Ending
Balance

Description

Source

Beginning
Balance

Investment
Earnings

Other
Deposits

Draws

Releases

RESERVE

Residential Funding Corporation

0.00

Hedge Agreements

Description

Provider

Termination
Date

Amount Received From Provider

Amount Paid to Provider

CLASS I-A-1 Yield Maintenance Agreement

Barclays Bank Plc

04/25/2012

7,217.56

0.00

CLASS I-A-8 Yield Maintenance Agreement

Barclays Bank Plc

10/25/2009

0.00

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 17 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



15. Distribution Percentages


		Beginning Current Super		Beginning Current	Beginning Current		Beginning Current Senior

	I	0.00000000%		0.00000000%	93.68465756%	100.00000000%



	II	0.00000000%		0.00000000%	93.57793856%	100.00000000%



		Ending Percentage

	M-1		3.69969239%

	M-2		1.03368973%

	M-3		0.76166376%

	Class M Total:		5.49504588%


	B-1		0.54405195%

	B-2		0.43523483%

	B-3		0.32643386%

	Class B Total:		1.30572064%

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 18 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006


18. Performance Tests


	Current Distribution Date >= Target Distribution

		Current Distribution Date >= Target Distribution Date	False

	Current Senior Pct > Initial Senior Percent

		Current Senior Percentage > Original Senior Percentage	False

	60+ Dlq Avg Loan Balance / Subordinate Balance

		Dlq Average Loan Balance / Class M and B balance Test	True

	60+ Dlq Avg Loan Balance <= 2% of Pool Balance

		Dlq Average Loan Balance Test	True

	Sub Balance Test OR 2% Delinquency Test

		Dlq Balance Test	True

	Aggregate Realized Loss Pct < Scheduled Loss Pct

		Aggregate Realized Loss Test	True

	Sr. Accel. % Trigger - 1st Trigger Event

		1st Senior Accelerated Stepdown Trigger	True

	60+ Dlq Avg Loan Balance <= 4% of Avg Pool Balance

		2nd 60+ Delinquent Average Loan Balance Test	True

	Aggregate Realized Loss Pct < Scheduled Loss Pct

		Aggregate Realized Loss Percentage > 2nd Scheduled Loss Percentage	True

	Sr. Accel. % Trigger - 2nd Trigger Event

		2nd Senior Accelerated Stepdown Trigger	True

	60+ Delinq Balance OR Aggregate Loss Test

		Senior Accelerated Stepdown Trigger in effect?	True

	Senior Accelerated Stepdown Date and Trigger Event

		Senior Accelerated Stepdown Trigger in effect?	False

	M-2, M-3, B-1, B-2, B-3 BegBal/PoolBal

		Class M-2 Prepayment Distribution Trigger	False

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 19 of 20

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QS3

May 25, 2006



M-3, B-1, B-2, B-3 BegBal/PoolBal

	Class M-3 Prepayment Distribution Trigger	False

B-1, B-2, B-3 BegBal/PoolBal

	Class B-1 Prepayment Distribution Trigger	False

B-2, B-3 BegBal/PoolBal

	Class B-2 Prepayment Distribution Trigger	False

B-3 BegBal/PoolBal

	Class B-3 Prepayment Distribution Trigger	False



20. Comments

	ERISA Text:	Each beneficial owner of any Certificate (or any interest therein) which provides credit enhancement for any other Certificate and is available in book-entry form, including any such

		Class M Certificate, shall be deemed to have represented, by virtue of its acquisition or holding of such Certificate (or interest therein), that either: a) it is not an employee benefit
		or other plan subject to the prohibited transaction provision of the Employee Retirement Income Security Act of 1974, as amended('ERISA'), or Section 4975 of the Internal Revenue
		Code of 1986, as amended (a 'Plan'), or any other person (including an investment manager, a named fiduciary or a trustee of any Plan) acting, directly or indirectly, on behalf of
		purchasing any Certificate with 'plan assets' of any Plan; or b) (i) the transferee is an insurance company, (ii) the source of funds to be used by it to purchase the Certificates is an
		'insurance company general account' (within the meaning of Department of Labor Prohibited Transaction Class Exemption ('PTCE') 95-60), and (iii) the conditions set forth in
		Section I and III of PTCE 95-60 have been satisfied. Any purported beneficial owner of any such book-entry Certificate (or interest therein) to whom either (a) or (b) above does not
		apply shall indemnify and hold harmless the Company, the Trustee, the Master Servicer, any Subservicer, and the Trust Fund from and against any and all liabilities, claim, cost or
		expenses incurred by such parties as a result of its acquisition or holding of such Certificate.

05/24/2006

5:53:43PM

GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors

Page 20 of 20



	Statement To Certificateholder



	Residential Funding Mtg. Securities I, 2006-QS3

	May 25, 2006



	Cash Flow Received and Uses of Funds


	Cash Flow Received		Amount

	Principal and Interest Payments		20,963,779.30
	Prepayment Premium		NA
	Liquidation and Insurance Proceeds		0.00
	Subsequent Recoveries		0.00
	Repurchase Proceeds		0.00
	Other Deposits/Adjustments (including Derivative Payment)		27,498.45
	Total Deposits		20,991,277.75

	Uses of Funds		Amount

	Transfer to Certificate Account		20,954,024.86
	Reimbursed Advances and Expenses		0.00
	Master Servicing Compensation		37,252.88
	Derivative Payment		N/A
	Total Withdrawals		20,991,277.74

	Ending Balance		0.00



		GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors	Appendix A

RALI Series 2006-QS3 Trust 10-D