Statement to Certificateholder

Distribution Information

Deal Information

1. Distribution Summary

Deal Name:

Residential Funding Mtg Sec I, 2006-S3

2. Factor Summary

Asset Type:

Mortgage 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:

04/28/2006

8. Collateral Summary

Definitive:

04/28/2006

9. Repurchase Information

Trustee:

Us Bank, Inc.

Main Telephone:

651-495-7000

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) :

40314

14. Credit Enhancement Report

(Not Applicable)

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

5:59:27PM

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

Page 1 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

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)

A-1				76111XN74	76,950,000.00				76,730,453.34					5.50000000				255,539.90		351,681.24			607,221.14				0.00	0.00				0.00			76,474,913.44


A-2				76111XN82	13,664,000.00				13,664,000.00					5.50000000				0.00		62,626.67			62,626.67				0.00	0.00				0.00			13,664,000.00


A-3				76111XN90	7,500,000.00				7,534,375.00					5.50000000				0.00		0.00			0.00				0.00	0.00				34,532.55			7,568,907.55


A-4				76111XP23	26,600,000.00				26,600,000.00					5.50000000				0.00		121,916.67			121,916.67				0.00	0.00				0.00			26,600,000.00


A-5				76111XP31	41,136,000.00				41,103,816.67					5.50000000				32,330.39		188,392.49			220,722.88				0.00	0.00				0.00			41,071,486.28


A-6				76111XP49	7,000,000.00				6,819,108.47					5.50000000				764,175.49		0.00			764,175.49				0.00	0.00				31,254.25			6,086,187.23


A-7				76111XP56	117,000,000.00				116,601,889.63					5.50000000				985,921.79		534,425.33			1,520,347.12				0.00	0.00				0.00			115,615,967.84


A-8				76111XP64	18,750,000.00				18,702,104.17					5.50000000				48,115.36		85,717.98			133,833.34				0.00	0.00				0.00			18,653,988.81


A-9				76111XP72	10,450,000.00				10,497,895.83					5.50000000				0.00		0.00			0.00				0.00	0.00				48,115.36			10,546,011.19


A-10				76111XP80	5,895,000.00				5,895,000.00					5.50000000				0.00		27,018.75			27,018.75				0.00	0.00				0.00			5,895,000.00


A-P				76111XP98	163,797.14				163,617.08					0.00000000				321.17		0.00			321.17				0.00	0.00				0.00			163,295.91

								1				1																										1
A-V				76111XQ22	337,775,843.62				336,970,350.01					0.54446465				0.00		152,890.37			152,890.37				0.00	0.00				0.00			334,988,935.46



R				76111XQ30	100.00				0.00					5.50000000				0.00		0.00			0.00				0.00	0.00				0.00			0.00


M-1				76111XQ48	7,262,200.00				7,257,122.31					5.50000000				5,109.77		33,261.81			38,371.58				0.00	0.00				0.00			7,252,012.54


M-2				76111XQ55	2,026,700.00				2,025,282.94					5.50000000				1,426.01		9,282.55			10,708.56				0.00	0.00				0.00			2,023,856.93


M-3				76111XQ63	1,351,200.00				1,350,255.25					5.50000000				950.72		6,188.67			7,139.39				0.00	0.00				0.00			1,349,304.53


B-1				76111XQ71	675,600.00				675,127.62					5.50000000				475.36		3,094.33			3,569.69				0.00	0.00				0.00			674,652.26


B-2				76111XQ89	675,600.00				675,127.62					5.50000000				475.36		3,094.33			3,569.69				0.00	0.00				0.00			674,652.26


B-3				76111XQ97	675,646.48				675,174.07					5.50000000				475.39		3,094.55			3,569.94				0.00	0.00				0.00			674,698.68


			Deal Totals			337,775,843.62			336,970,350.00							2,095,316.71				1,582,685.74			3,678,002.45			0.00			0.00			113,902.16			334,988,935.45

		1.Notional Balance

05/24/2006

5:59:27PM

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

Page 2 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

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




	A-1	76111XN74	997.14689201		3.32085640	4.57025653	7.89111293	0.00000000	0.00000000	993.82603561

	A-2	76111XN82	1,000.00000000		0.00000000	4.58333358	4.58333358	0.00000000	0.00000000	1,000.00000000

	A-3	76111XN90	1,004.58333333		0.00000000	0.00000000	0.00000000	4.60434000	0.00000000	1,009.18767333

	A-4	76111XP23	1,000.00000000		0.00000000	4.58333346	4.58333346	0.00000000	0.00000000	1,000.00000000

	A-5	76111XP31	999.21763589		0.78593908	4.57974742	5.36568650	0.00000000	0.00000000	998.43169681

	A-6	76111XP49	974.15835286		109.16792714	0.00000000	109.16792714	4.46489286	0.00000000	869.45531857

	A-7	76111XP56	996.59734726		8.42668197	4.56773786	12.99441983	0.00000000	0.00000000	988.17066530

	A-8	76111XP64	997.44555573		2.56615253	4.57162560	7.13777813	0.00000000	0.00000000	994.87940320

	A-9	76111XP72	1,004.58333301		0.00000000	0.00000000	0.00000000	4.60434067	0.00000000	1,009.18767368

	A-10	76111XP80	1,000.00000000		0.00000000	4.58333333	4.58333333	0.00000000	0.00000000	1,000.00000000

	A-P	76111XP98	998.90071341		1.96077905	0.00000000	1.96077905	0.00000000	0.00000000	996.93993436

	A-V	76111XQ22	997.61530132		0.00000000	0.45263856	0.45263856	0.00000000	0.00000000	991.74923781

	R	76111XQ30	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000

	M-1	76111XQ48	999.30080554		0.70361185	4.58012861	5.28374046	0.00000000	0.00000000	998.59719369

	M-2	76111XQ55	999.30080426		0.70361178	4.58013026	5.28374204	0.00000000	0.00000000	998.59719248

	M-3	76111XQ63	999.30080669		0.70361160	4.58012877	5.28374038	0.00000000	0.00000000	998.59719509

	B-1	76111XQ71	999.30079929		0.70361160	4.58012137	5.28373298	0.00000000	0.00000000	998.59718769

	B-2	76111XQ89	999.30079929		0.70361160	4.58012137	5.28373298	0.00000000	0.00000000	998.59718769

	B-3	76111XQ97	999.30080299		0.70360760	4.58013191	5.28373951	0.00000000	0.00000000	998.59719539



	Deal Factor :		99.17492378%
	Deal Factor :

05/24/2006

5:59:27PM

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

Page 3 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

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)
A-1	04/01/2006		04/30/2006		30/360		76,730,453.34		5.50000000	351,681.24		0.00		0.00			0.00		0.00		351,681.24		0.00	0.00

A-2	04/01/2006		04/30/2006		30/360		13,664,000.00		5.50000000	62,626.67		0.00		0.00			0.00		0.00		62,626.67		0.00	0.00

A-3	04/01/2006		04/30/2006		30/360		7,534,375.00		5.50000000	34,532.55		0.00		34,532.55			0.00		0.00		0.00		0.00	0.00

A-4	04/01/2006		04/30/2006		30/360		26,600,000.00		5.50000000	121,916.67		0.00		0.00			0.00		0.00		121,916.67		0.00	0.00

A-5	04/01/2006		04/30/2006		30/360		41,103,816.67		5.50000000	188,392.49		0.00		0.00			0.00		0.00		188,392.49		0.00	0.00

A-6	04/01/2006		04/30/2006		30/360		6,819,108.47		5.50000000	31,254.25		0.00		31,254.25			0.00		0.00		0.00		0.00	0.00

A-7	04/01/2006		04/30/2006		30/360		116,601,889.63		5.50000000	534,425.33		0.00		0.00			0.00		0.00		534,425.33		0.00	0.00

A-8	04/01/2006		04/30/2006		30/360		18,702,104.17		5.50000000	85,717.98		0.00		0.00			0.00		0.00		85,717.98		0.00	0.00

A-9	04/01/2006		04/30/2006		30/360		10,497,895.83		5.50000000	48,115.36		0.00		48,115.36			0.00		0.00		0.00		0.00	0.00

A-10	04/01/2006		04/30/2006		30/360		5,895,000.00		5.50000000	27,018.75		0.00		0.00			0.00		0.00		27,018.75		0.00	0.00

A-V	04/01/2006		04/30/2006		30/360		336,970,350.01	1	0.54446465	152,890.37		0.00		0.00			0.00		0.00		152,890.37		0.00	1.00


M-1	04/01/2006		04/30/2006		30/360		7,257,122.31		5.50000000	33,261.81		0.00		0.00			0.00		0.00		33,261.81		0.00	0.00

M-2	04/01/2006		04/30/2006		30/360		2,025,282.94		5.50000000	9,282.55		0.00		0.00			0.00		0.00		9,282.55		0.00	0.00

M-3	04/01/2006		04/30/2006		30/360		1,350,255.25		5.50000000	6,188.67		0.00		0.00			0.00		0.00		6,188.67		0.00	0.00

B-1	04/01/2006		04/30/2006		30/360		675,127.62		5.50000000	3,094.33		0.00		0.00			0.00		0.00		3,094.33		0.00	0.00

B-2	04/01/2006		04/30/2006		30/360		675,127.62		5.50000000	3,094.33		0.00		0.00			0.00		0.00		3,094.33		0.00	0.00

B-3	04/01/2006		04/30/2006		30/360		675,174.07		5.50000000	3,094.55		0.00		0.00			0.00		0.00		3,094.55		0.00	0.00

Deal Totals						336,806,732.92				1,696,587.90		0.00		113,902.16			0.00		0.00		1,582,685.74		0.00



1.Notional Balance

05/24/2006

5:59:27PM

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

Page 4 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

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

Compensation

Advances

Allowable
Expenses per

Non-Recoverable

(1)

(2)

(3)

Subservicer

Master

Subservicer

Master

Deal Totals

1,320.84

0.00

70,166.50

21,139.14

19,012.15

0.00

05/24/2006

5:59:27PM

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

Page 5 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

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

Deal Totals

717

337,775,843.62

716

336,970,350.01

122

49,014.36

1,695,080.82

0.00

713

334,988,935.46

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

Deal Totals

6.37094101

6.36956991

356.72

356.68

6.04179412

6.04042674

6.04179412

N/A

C. Constant Prepayment Rate

1 Month CPR

3 Month CPR

6 Month CPR

12 Month CPR

Life CPR

Deal Totals

6.04%

4.04%



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
	Deal Totals


		Scheduled Balance		0.00		0.00			0.00		0.00		0.00

05/24/2006

5:59:27PM

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

Page 6 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

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						706				331,514,929.71				0			0.00								0			0.00				0				0.00						0.00						706		331,514,929.71

	30 days					6					2,960,751.36				0			0.00								0			0.00				0				0.00						0.00						6		2,960,751.36

	60 days					1					513,254.39				0			0.00								0			0.00				0				0.00						0.00						1		513,254.39

	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							713			334,988,935.46				0		0.00								0			0.00			0					0.00				0.00						713				334,988,935.46


	Current			99.02%								98.96%			0.00%						0.00%				0.00%				0.00%				0.00%		0.00%						0.00%								99.02%		98.96%

	30 days					0.84%					0.88%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%						0.00%							0.84%			0.88%

	60 days					0.14%					0.15%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%						0.00%							0.14%			0.15%

	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

5:59:27PM

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

Page 7 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

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

			6	2,960,751.36			0		0.00			0		0.00			0		0.00			0		0.00
	1 Month				13 Months					25 Months					37 Months					49 Months


			0.84%	0.88%			0.00%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			1	513,254.39			0		0.00			0		0.00			0		0.00			0		0.00
	2 Months				14 Months					26 Months					38 Months					50 Months


			0.14%	0.15%			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

5:59:27PM

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

Page 8 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

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

Capitalizations

0.00

Deal
Totals

Other

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

Deal
Totals

Capitalizations

0.00

Other
Modifications

0.00

05/24/2006

5:59:27PM

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

Page 9 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

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

Beginning Aggregate Scheduled Balance

0.00

Deal
Totals

Principal Portion of Loss

0.00

Interest Portion of Loss

0.00

Total Realized Loss

0.00

B. Cumulative Realized Losses

Cumulative Realized Losses

Liquidations

Charge-Offs

Servicing Modifications

Bankruptcy Losses

Total

Deal
Totals

Loss Count

Total Realized Loss

0.00

C. Subsequent Recoveries

Subsequent Recoveries

Current Period

Cumulative

Subsequent Recoveries Count

Subsequent Recoveries

0.00

Deal
Totals

Net Loss 1

0.00

Net Loss % 2

0.00%

1 Total Realized Loss less Subsequent Recoveries

2 Net Loss % of Original Balance

05/24/2006

5:59:27PM

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

Page 10 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

May 25, 2006

D. Default Percentages

Default Loss Percentage

1 Month

3 Months

6 Months

12 Months

Life of Deal

Monthly Default Rate

0.00%

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

E. Special Hazard, Fraud Loss, and Bankruptcy

Special Hazard Amount

Fraud Loss Amount

Bankruptcy Amount

Deal Totals

3,916,369.00

3,377,758.00

100,000.00

05/24/2006

5:59:27PM

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

Page 11 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

May 25, 2006



15. Distribution Percentages


		Beginning Current Super		Beginning Current	Beginning Current		Beginning Current Senior

		0.00000000%		0.00000000%	96.24173492%	100.00000000%


		Ending Percentage

	M-1		2.16590717%

	M-2		0.60445100%

	M-3		0.40298722%

	Class M Total:		3.17334539%


	B-1		0.20149361%

	B-2		0.20149361%

	B-3		0.20150747%

	Class B Total:		0.60449469%

05/24/2006

5:59:27PM

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

Page 12 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

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	False

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

		Dlq Average Loan Balance Test	False

	Sub Balance Test OR 2% Delinquency Test

		Dlq Balance Test	False

	Aggregate Realized Loss Pct < Scheduled Loss Pct

		Aggregate Realized Loss Test	False

	Sr. Accel. % Trigger - 1st Trigger Event

		1st Senior Accelerated Stepdown Trigger	False

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

		2nd 60+ Delinquent Average Loan Balance Test	False

	Aggregate Realized Loss Pct < Scheduled Loss Pct

		Aggregate Realized Loss Percentage > 2nd Scheduled Loss Percentage	False

	Sr. Accel. % Trigger - 2nd Trigger Event

		2nd Senior Accelerated Stepdown Trigger	False

	60+ Delinq Balance OR Aggregate Loss Test

		Senior Accelerated Stepdown Trigger in effect?	False

	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

5:59:27PM

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

Page 13 of 14

Statement to Certificateholder

Residential Funding Mtg Sec I, 2006-S3

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

5:59:27PM

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

Page 14 of 14



	Statement To Certificateholder




	Residential Funding Mtg. Securities I, 2006-S3

	May 25, 2006



	Cash Flow Received and Uses of Funds


	Cash Flow Received		Amount

	Principal and Interest Payments		3,697,820.75
	Prepayment Premium		0.00
	Liquidation and Insurance Proceeds		0.00
	Subsequent Recoveries		0.00
	Repurchase Proceeds		0.00
	Other Deposits/Adjustments (including Derivative Payment)		1,320.84
	Total Deposits		3,699,141.59

	Uses of Funds		Amount

	Transfer to Certificate Account		3,678,002.45
	Reimbursed Advances and Expenses		0.00
	Master Servicing Compensation		21,139.14
	Derivative Payment		N/A
	Total Withdrawals		3,699,141.59

	Ending Balance		0.00



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

RFMSI Series 2006-S3 Trust 10-D