Statement to Certificateholder

Distribution Information

Deal Information

1. Distribution Summary

Deal Name:

Residential Accredit Loans Inc, 2006-QO5

2. Factor Summary

Asset Type:

Mortgage Asset-Backed Pass-Through Certificates

3. Components Information

(Not Applicable)

Closing Date:

05/30/2006

4. Interest Summary

First Distribution Date:

06/25/2006

5. Other Income Detail

Determination Date:

06/22/2006

6. Interest Shortfalls, Compensation and Expenses

Distribution Date:

06/26/2006

Record Date:

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

Book-Entry:

06/23/2006

8. Collateral Summary

Definitive:

05/31/2006

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:

Rona Hsu

12. Loss Mitigation and Servicing Modifications

Telephone:

818-260-1508

13. Losses and Recoveries

Pool(s) :

40342,40343,40344

14. Credit Enhancement Report

15. Distribution Percentages

(Not Applicable)

16. Overcollateralization Summary

17. Excess Cash Flow, Overcollateralization
Provisions and Derivative Amounts

18. Performance Tests

19. Lender Paid Mortgage Insurance

(Not Applicable)

20. Comments

06/28/2006

7:14:49PM

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

Page 1 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 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			75114HAA5	179,443,000.00			179,443,000.00					4.94237667			80,155.11		692,629.17			772,784.28				0.00	0.00			0.00			179,362,844.89


I-A-2			75114HAB3	107,666,000.00			107,666,000.00					4.94237667			48,093.16		414,443.82			462,536.98				0.00	0.00			0.00			107,617,906.84


I-A-3			75114HAC1	71,777,000.00			71,777,000.00					4.94237667			32,061.96		278,109.72			310,171.68				0.00	0.00			0.00			71,744,938.04


II-A-1			75114HAD9	237,255,000.00			237,255,000.00					4.94237667			29,638.50		913,276.87			942,915.37				0.00	0.00			0.00			237,225,361.50


II-A-2			75114HAE7	118,628,000.00			118,628,000.00					4.94237667			14,819.31		458,640.30			473,459.61				0.00	0.00			0.00			118,613,180.69


II-A-3			75114HAF4	39,542,000.00			39,542,000.00					4.94237667			4,939.69		153,710.82			158,650.51				0.00	0.00			0.00			39,537,060.31


III-A-1			75114HAG2	57,217,000.00			57,217,000.00					4.94237667			48,332.04		217,354.25			265,686.29				0.00	0.00			0.00			57,168,667.96


III-A-2			75114HAH0	81,717,000.00			81,717,000.00					4.94237667			0.00		312,835.03			312,835.03				0.00	0.00			0.00			81,717,000.00


III-A-3			75114HAJ6	32,687,000.00			32,687,000.00					4.94237667			0.00		125,823.61			125,823.61				0.00	0.00			0.00			32,687,000.00


III-A-4			75114HAK3	36,385,000.00			36,385,000.00					4.94237667			0.00		141,285.32			141,285.32				0.00	0.00			0.00			36,385,000.00


III-A-5			75114HAL1	23,112,000.00			23,112,000.00					4.94237667			5,370.23		89,842.81			95,213.04				0.00	0.00			0.00			23,106,629.77

						1				1																								1
XC			75114HAW7	358,886,000.00			358,886,000.00					0.00000000			0.00		0.00			0.00				0.00	0.00			0.00			358,725,689.77


						1				1																								1
XN			75114HAX5	395,425,000.00			395,425,000.00					0.00000000			0.00		0.00			0.00				0.00	0.00			0.00			395,375,602.50



M-1			75114HAP2	26,463,000.00			26,463,000.00					4.94237667			0.00		102,901.02			102,901.02				0.00	0.00			0.00			26,463,000.00


M-2			75114HAQ0	17,155,000.00			17,155,000.00					4.94237667			0.00		66,894.67			66,894.67				0.00	0.00			0.00			17,155,000.00


M-3			75114HAR8	5,462,000.00			5,462,000.00					4.94237667			0.00		21,378.35			21,378.35				0.00	0.00			0.00			5,462,000.00


M-4			75114HAS6	12,962,000.00			12,962,000.00					4.94237667			0.00		51,206.15			51,206.15				0.00	0.00			0.00			12,962,000.00


M-5			75114HAT4	10,269,000.00			10,269,000.00					4.94237667			0.00		40,867.10			40,867.10				0.00	0.00			0.00			10,269,000.00


M-6			75114HAU1	7,508,000.00			7,508,000.00					4.94237667			0.00		31,658.99			31,658.99				0.00	0.00			0.00			7,508,000.00


M-7			75114HAV9	6,339,000.00			6,339,000.00					4.94237667			0.00		28,810.21			28,810.21				0.00	0.00			0.00			6,339,000.00


SB			75114HAY3	5,384,460.54			5,384,460.54					0.00000000			0.00		0.00			0.00				0.00	0.00			396.76			5,384,857.30


R-I			75114HAZ0	0.00			0.00					0.00000000			0.00		0.00			0.00				0.00	0.00			0.00			0.00


R-II			75114HBA4	0.00			0.00					0.00000000			0.00		0.00			0.00				0.00	0.00			0.00			0.00

06/28/2006

7:14:49PM

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

Page 2 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 2006



R-III			75114HBB2	0.00		0.00	0.00000000		0.00	0.00	0.00		0.00	0.00		0.00	0.00


R-X			75114HBD8	0.00		0.00	0.00000000		0.00	0.00	0.00		0.00	0.00		0.00	0.00


P			75114HBC0	0.00		0.00	0.00000000		0.00	30,481.62	30,481.62		0.00	0.00		0.00	0.00


		Deal Totals			1,076,971,460.54	1,076,971,460.54		263,410.00		4,172,149.83	4,435,559.83	0.00			0.00	396.76	1,076,708,447.30

	1.Notional Balance

06/28/2006

7:14:49PM

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

Page 3 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 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			75114HAA5	1,000.00000000		0.44668842	3.85988403	4.30657245	0.00000000	0.00000000	999.55331158

	I-A-2			75114HAB3	1,000.00000000		0.44668846	3.84934724	4.29603570	0.00000000	0.00000000	999.55331154

	I-A-3			75114HAC1	1,000.00000000		0.44668849	3.87463561	4.32132410	0.00000000	0.00000000	999.55331151

	II-A-1			75114HAD9	1,000.00000000		0.12492255	3.84934720	3.97426975	0.00000000	0.00000000	999.87507745

	II-A-2			75114HAE7	1,000.00000000		0.12492253	3.86620612	3.99112865	0.00000000	0.00000000	999.87507747

	II-A-3			75114HAF4	1,000.00000000		0.12492261	3.88727985	4.01220247	0.00000000	0.00000000	999.87507739

	III-A-1			75114HAG2	1,000.00000000		0.84471468	3.79877047	4.64348515	0.00000000	0.00000000	999.15528532

	III-A-2			75114HAH0	1,000.00000000		0.00000000	3.82827355	3.82827355	0.00000000	0.00000000	1,000.00000000

	III-A-3			75114HAJ6	1,000.00000000		0.00000000	3.84934714	3.84934714	0.00000000	0.00000000	1,000.00000000

	III-A-4			75114HAK3	1,000.00000000		0.00000000	3.88306500	3.88306500	0.00000000	0.00000000	1,000.00000000

	III-A-5			75114HAL1	1,000.00000000		0.23235678	3.88727977	4.11963655	0.00000000	0.00000000	999.76764322

	XC			75114HAW7	1,000.00000000		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	999.55331155

	XN			75114HAX5	1,000.00000000		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	999.87507745

	M-1			75114HAP2	1,000.00000000		0.00000000	3.88848657	3.88848657	0.00000000	0.00000000	1,000.00000000

	M-2			75114HAQ0	1,000.00000000		0.00000000	3.89942699	3.89942699	0.00000000	0.00000000	1,000.00000000

	M-3			75114HAR8	1,000.00000000		0.00000000	3.91401501	3.91401501	0.00000000	0.00000000	1,000.00000000

	M-4			75114HAS6	1,000.00000000		0.00000000	3.95048218	3.95048218	0.00000000	0.00000000	1,000.00000000

	M-5			75114HAT4	1,000.00000000		0.00000000	3.97965722	3.97965722	0.00000000	0.00000000	1,000.00000000

	M-6			75114HAU1	1,000.00000000		0.00000000	4.21670085	4.21670085	0.00000000	0.00000000	1,000.00000000

	M-7			75114HAV9	1,000.00000000		0.00000000	4.54491402	4.54491402	0.00000000	0.00000000	1,000.00000000

	SB		1	75114HAY3

	R-I			75114HAZ0	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000

	R-II			75114HBA4	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000

	R-III			75114HBB2	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000

	R-X			75114HBD8	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000

	P			75114HBC0	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000

	1	Factors not reported for OC Classes

06/28/2006

7:14:49PM

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

Page 4 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 2006



	Deal Factor :			99.97557844%


	Group I Factor :			99.85365938%


	Group II Factor :			100.07596459%


	Group III Factor :			99.99314480%



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	05/30/2006		06/25/2006		Actual/360		179,443,000.00	4.94237667	714,043.62		0.00		0.00			0.00		0.00		692,629.17		0.00	0.00

I-A-2	05/30/2006		06/25/2006		Actual/360		107,666,000.00	4.94237667	426,408.23		0.00		0.00			0.00		0.00		414,443.82		0.00	0.00

I-A-3	05/30/2006		06/25/2006		Actual/360		71,777,000.00	4.94237667	287,500.80		0.00		0.00			0.00		0.00		278,109.72		0.00	0.00

II-A-1	05/30/2006		06/25/2006		Actual/360		237,255,000.00	4.94237667	939,641.90		0.00		0.00			0.00		0.00		913,276.87		0.00	0.00

II-A-2	05/30/2006		06/25/2006		Actual/360		118,628,000.00	4.94237667	473,381.77		0.00		0.00			0.00		0.00		458,640.30		0.00	0.00

II-A-3	05/30/2006		06/25/2006		Actual/360		39,542,000.00	4.94237667	159,274.09		0.00		0.00			0.00		0.00		153,710.82		0.00	0.00

III-A-1	05/30/2006		06/25/2006		Actual/360		57,217,000.00	4.94237667	221,456.83		0.00		0.00			0.00		0.00		217,354.25		0.00	0.00

III-A-2	05/30/2006		06/25/2006		Actual/360		81,717,000.00	4.94237667	320,573.54		0.00		0.00			0.00		0.00		312,835.03		0.00	0.00

III-A-3	05/30/2006		06/25/2006		Actual/360		32,687,000.00	4.94237667	129,455.96		0.00		0.00			0.00		0.00		125,823.61		0.00	0.00

III-A-4	05/30/2006		06/25/2006		Actual/360		36,385,000.00	4.94237667	146,284.89		0.00		0.00			0.00		0.00		141,285.32		0.00	0.00

III-A-5	05/30/2006		06/25/2006		Actual/360		23,112,000.00	4.94237667	93,094.50		0.00		0.00			0.00		0.00		89,842.81		0.00	0.00

M-1	05/30/2006		06/25/2006		Actual/360		26,463,000.00	4.94237667	107,981.54		0.00		0.00			0.00		0.00		102,901.02		0.00	0.00

M-2	05/30/2006		06/25/2006		Actual/360		17,155,000.00	4.94237667	70,386.49		0.00		0.00			0.00		0.00		66,894.67		0.00	0.00

M-3	05/30/2006		06/25/2006		Actual/360		5,462,000.00	4.94237667	22,574.30		0.00		0.00			0.00		0.00		21,378.35		0.00	0.00

M-4	05/30/2006		06/25/2006		Actual/360		12,962,000.00	4.94237667	54,543.74		0.00		0.00			0.00		0.00		51,206.15		0.00	0.00

M-5	05/30/2006		06/25/2006		Actual/360		10,269,000.00	4.94237667	43,827.81		0.00		0.00			0.00		0.00		40,867.10		0.00	0.00

M-6	05/30/2006		06/25/2006		Actual/360		7,508,000.00	4.94237667	35,704.09		0.00		0.00			0.00		0.00		31,658.99		0.00	0.00

M-7	05/30/2006		06/25/2006		Actual/360		6,339,000.00	4.94237667	34,423.77		0.00		0.00			0.00		0.00		28,810.21		0.00	0.00

SB	05/01/2006		05/31/2006		N/A		5,384,460.54	0.00000000	0.00		0.00		396.76			0.00		0.00		0.00		0.00	0.00

P	05/01/2006		05/31/2006		N/A		0.00	0.00000000	0.00		0.00		0.00			0.00		30,481.62		30,481.62		0.00	0.00

Deal Totals						1,076,971,460.54			4,280,557.87		0.00		396.76			0.00		30,481.62		4,172,149.83		0.00

06/28/2006

7:14:49PM

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

Page 5 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 2006



	Current Index Rates

Index Type		Rate		Classes


BTLIB TEL 25 -2BD		5.08125000	I-A-1, I-A-2, I-A-3, II-A-2, III-A-1, III-A-3, III-A-5, M-2, M-4, M-7, M-6, M-5, M-3, M-1, III-A-4, III-A-2, II-A-3, II-A-1



Net deferred interest = $328,287.47 Initial LIBOR =5.09063%

5. Other Income Detail

Class

Prepayment Charges

Remaining Excess Cash Flow
and OC Release Amount

Other Income Distributiion

(1)

(2)

(1) + (2) = (3)

30,481.62

0.00

30,481.62

Deal Totals

30,481.62

0.00

30,481.62


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	986.48		986.48			0.00			0	0.00		122,565.42		15,765.28		14,957.13	0.00	0.00	0.00

	Group II	406.48		406.48			0.00			0	0.00		135,044.48		17,945.06		13,451.35	0.00	0.00	0.00

	Group III	174.77		174.77			0.00			0	0.00		78,930.81		10,508.48		4,597.21	0.00	0.00	0.00

	Deal Totals	1,567.73		1,567.73			0.00			0	0.00		336,540.71		44,218.82		33,005.69	0.00	0.00	0.00

06/28/2006

7:14:49PM

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

Page 6 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 2006



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

(A) Prepayment Interest Shortfall Amounts														(B) Basis Risk/Net WAC Shortfall Amounts

Class			Current		Prior Unpaid		Prior Unpaid Accrued Interest		Total Paid		Remaining Unpaid (1)+(2)+(3)-(4)=(5)		Current Period Uncompensated			Prior Unpaid		Prior Unpaid Accrued Interest		Total Paid		Remaining Unpaid (1)+(2)+(3)-(4)=(5)




			(1)		(2)		(3)		(4)		(5)		(1)			(2)		(3)		(4)		(5)

	I-A-1		0.00		0.00		0.00		0.00		0.00		48,887.45			0.00		0.00		27,473.00		21,414.45

	I-A-2		0.00		0.00		0.00		0.00		0.00		27,313.79			0.00		0.00		15,349.37		11,964.42

	I-A-3		0.00		0.00		0.00		0.00		0.00		21,439.07			0.00		0.00		12,047.99		9,391.08

	II-A-1		0.00		0.00		0.00		0.00		0.00		60,189.22			0.00		0.00		33,824.19		26,365.03

	II-A-2		0.00		0.00		0.00		0.00		0.00		33,653.58			0.00		0.00		18,912.11		14,741.47

	II-A-3		0.00		0.00		0.00		0.00		0.00		12,700.49			0.00		0.00		7,137.22		5,563.27

	III-A-1		0.00		0.00		0.00		0.00		0.00		9,365.85			0.00		0.00		5,263.27		4,102.58

	III-A-2		0.00		0.00		0.00		0.00		0.00		17,666.40			0.00		0.00		9,927.88		7,738.51

	III-A-3		0.00		0.00		0.00		0.00		0.00		8,292.36			0.00		0.00		4,660.01		3,632.35

	III-A-4		0.00		0.00		0.00		0.00		0.00		11,413.61			0.00		0.00		6,414.04		4,999.57

	III-A-5		0.00		0.00		0.00		0.00		0.00		7,423.34			0.00		0.00		4,171.65		3,251.69

	XC		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	XN		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	M-1		0.00		0.00		0.00		0.00		0.00		9,888.96			0.00		0.00		4,808.43		5,080.52

	M-2		0.00		0.00		0.00		0.00		0.00		6,796.64			0.00		0.00		3,304.82		3,491.82

	M-3		0.00		0.00		0.00		0.00		0.00		2,327.85			0.00		0.00		1,131.90		1,195.95

	M-4		0.00		0.00		0.00		0.00		0.00		6,496.42			0.00		0.00		3,158.84		3,337.59

	M-5		0.00		0.00		0.00		0.00		0.00		5,762.86			0.00		0.00		2,802.15		2,960.71

	M-6		0.00		0.00		0.00		0.00		0.00		7,873.56			0.00		0.00		3,828.46		4,045.10

	M-7		0.00		0.00		0.00		0.00		0.00		10,926.47			0.00		0.00		5,312.92		5,613.55

	SB		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	R-I		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	R-II		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	R-III		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	R-X		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	P		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00


	Deal Totals	0.00		0.00		0.00		0.00		0.00		308,417.92			0.00		0.00		169,528.25		138,889.66

06/28/2006

7:14:49PM

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

Page 7 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 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
					1,463		392,225,563.92				1,463		392,225,563.92			259					77,592.73			3		874,791.74			0	0.00		0			0.00		1,460		391,651,578.60

Group II
					880		432,158,533.61				880		432,158,533.61			147					17,058.29			0		0.00			0	0.00		0			0.00		880		432,486,821.08

Group III
					632		252,587,363.01				632		252,587,363.01			108					31,418.28			1		166,311.48			0	0.00		0			0.00		631		252,570,047.63


	Deal Totals			2,975		1,076,971,460.54						2,975	1,076,971,460.54					514				126,069.30	4			1,041,103.22			0	0.00	0				0.00			2,971	1,076,708,447.31



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
			5.10224368						7.38917355		379.97				371.56		4.67724368			6.96417355			4.67724368				N/A		N/A

		Group II
			4.76778736						7.30461839		385.06				375.78		4.34278736			6.87961839			4.34278736				N/A		N/A

		Group III
			4.69762704						7.30574963		383.30				375.19		4.27262704			6.88074963			4.27262704				N/A		N/A

		Deal Totals
			4.87313900						7.33564060		382.79				374.11		4.44813900			6.91064060			4.44813900				N/A		N/A



C. Constant Prepayment Rate

			1 Month CPR							3 Month CPR					6 Month CPR				12 Month CPR						Life CPR


	Group-I		2.87%																						2.87%

	Group-II		0.05%																						0.05%

	Group-III		0.93%																						0.93%

	Deal Totals		1.29%																						1.29%

06/28/2006

7:14:49PM

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

Page 8 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 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


	Group III
		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

06/28/2006

7:14:49PM

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

Page 9 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 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						2,939				1,065,557,853.87				0			0.00								0			0.00				0				0.00							0.00						2,939		1,065,557,853.87

	30 days					32					11,150,593.44				0			0.00								0			0.00				0				0.00							0.00						32		11,150,593.44

	60 days					0					0.00				0			0.00								0			0.00				0				0.00							0.00						0		0.00

	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							2,971			1,076,708,447.31				0		0.00								0			0.00			0					0.00					0.00						2,971				1,076,708,447.31


	Current			98.92%								98.96%			0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%								98.92%		98.96%

	30 days					1.08%					1.04%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%							1.08%			1.04%

	60 days					0.00%					0.00%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%							0.00%			0.00%

	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%

06/28/2006

7:14:49PM

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

Page 10 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 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						1,441						386,458,711.90		0		0.00					0			0.00				0		0.00			0.00					1,441			386,458,711.90

30 days					19					5,192,866.70			0			0.00					0			0.00				0		0.00			0.00					19			5,192,866.70

60 days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

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					1,460					391,651,578.60			0			0.00				0				0.00				0		0.00				0.00				1,460			391,651,578.60


Current				98.70%				98.67%						0.00%		0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				98.70%			98.67%

30 days				1.30%							1.33%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				1.30%				1.33%

60 days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

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%

06/28/2006

7:14:49PM

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

Page 11 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 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						871						428,017,078.51		0		0.00					0			0.00				0		0.00			0.00					871			428,017,078.51

30 days					9					4,469,742.57			0			0.00					0			0.00				0		0.00			0.00					9			4,469,742.57

60 days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

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					880					432,486,821.08			0			0.00				0				0.00				0		0.00				0.00				880			432,486,821.08


Current				98.98%				98.97%						0.00%		0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				98.98%			98.97%

30 days				1.02%							1.03%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				1.02%				1.03%

60 days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

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%

06/28/2006

7:14:49PM

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

Page 12 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 2006



			Current / Delinquent											Bankruptcy						Foreclosure					REO											Total
Group III

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


Current						627						251,082,063.46		0		0.00					0			0.00				0		0.00			0.00					627			251,082,063.46

30 days					4					1,487,984.17			0			0.00					0			0.00				0		0.00			0.00					4			1,487,984.17

60 days					0					0.00			0			0.00					0			0.00				0		0.00			0.00					0			0.00

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					631					252,570,047.63			0			0.00				0				0.00				0		0.00				0.00				631			252,570,047.63


Current				99.37%				99.41%						0.00%		0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				99.37%			99.41%

30 days				0.63%							0.59%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.63%				0.59%

60 days				0.00%							0.00%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.00%		0.00%

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%

06/28/2006

7:14:49PM

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

Page 13 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 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

			32	11,150,593.44			0		0.00			0		0.00			0		0.00			0		0.00
	1 Month				13 Months					25 Months					37 Months					49 Months


			1.08%	1.04%			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
	2 Months				14 Months					26 Months					38 Months					50 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
	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%

06/28/2006

7:14:49PM

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

Page 14 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 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



Group III		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



Group III	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

06/28/2006

7:14:49PM

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

Page 15 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 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


	Group III	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

06/28/2006

7:14:49PM

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

Page 16 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 2006



		Group II	Loss Count		0								0							0		0		0


			Total Realized Loss				0.00							0.00							0.00	0.00			0.00



		Group III	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



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
		Group III
			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

06/28/2006

7:14:49PM

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

Page 17 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 2006

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%

Group

Monthly Default Rate

0.00%

III

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

14. Credit Enhancement Report

Reserve Accounts

DEPOSITS

WITHDRAWALS

Ending
Balance

Description

Source

Beginning
Balance

Investment
Earnings

Other
Deposits

Draws

Releases

Carryover Shortfall Reserve Fund

149,966.00

0.00

149,966.00

0.00

Hedge Agreements

Description

Provider

Termination
Date

Amount Received From Provider

Amount Paid to Provider

Yield Maintenance Agreement

Bank Of New York

0.00

06/28/2006

7:14:49PM

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

Page 18 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 2006



16. Overcollateralization Summary

		Prior Required Overcollateralization Amount	Beginning Overcollateralization Amount	Overcollateralization Increase/(Reduction) Amount		Ending Overcollateralization Amount		Current Required Overcollateralization Amount
	Deal Total
		0.00	5,384,460.54		396.76		5,384,857.30	5,384,857.30

06/28/2006

7:14:49PM

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

Page 19 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 2006



17. Excess Cashflow, Overcollateralization and Derivative Amounts

	Excess Cashflow and Derivative Summary

	(1)	Scheduled Unmodified Net Interest	3,992,098.96


	(2)	Interest Losses	0.00


	(3)	Subsequent Recoveries	0.00


	(4)	Interest Adjustment Amount	0.00


	(5)	Certificate Interest Amount	3,972,139.94


	(6)	OC Reduction Amount	0.00


	(7)	Excess Cashflow Prior to OC Provisions	19,959.02


	Overcollateralization and Derivative Amounts

		Excess Cashflow Prior to OC Provisions	19,959.02


	(1)	Realized Loss covered by Yield Maintenance Agreement	0.00


	(2)	Unreimbursed Loss covered by Yield Maintenance Agreement	0.00


	(3)	Basis Risk Shortfall covered by Yield Maintenance Agreement	0.00


	(4)	Unreimbursed Principal Portion of Realized Losses	0.00


	(5)	Principal Portion of Realized Losses	0.00


	(6)	Overcollateralization Increase	396.76


	(7)	Prepayment Interest Shortfall	0.00


	(8)	Unpaid PPIS With Accrued Interest	0.00


	(9)	Relief Act Shortfall	0.00


	(10)	Unreimbursed Realized Losses	0.00


	(11)	Basis Risk Shortfall Carry-Forward Amount	19,562.26


	(12)	To Class SB Certificates	0.00

06/28/2006

7:14:49PM

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

Page 20 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 2006


18. Performance Tests


	Senior Balance Test

		Senior Certificate Beginning Balance = 0.00	False

	Current Distribution Date >= Target Distribution

		Current Distribution Date >= Target Distribution Date	False

	Stepdown Date - Senior Enhancement Test

		Senior Enhance Pct >= Specified Senior Enhance Pct (Actual End Balance <= Target End Balance)	False

	StepDown Date and Senior Enhancement pass

		After StepDown Date and Senior Enh Percent >= Target Percent	False

	StepDown Date has occured

		Stepdown Date has occurred	False

	Sixty-Plus Delinquency Percentage >= Target %

		Sixty-Plus Delinquency Percentage >= Senior Enhancement Delinquency Percentage Target	False

	Aggregate Realized Loss % >= Scheduled Loss %

		Aggregate Realized Loss Percentage >= Scheduled Loss Percent	False

	Trigger Event is in effect?

		Trigger Event is in effect	False

	Stepdown Date and Trigger Event in effect

		Trigger Event is in effect on or after StepDown Date	False

06/28/2006

7:14:49PM

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

Page 21 of 22

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

June 26, 2006



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.

06/28/2006

7:14:49PM

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

Page 22 of 22



	Statement To Certificateholder



	Residential Asset Securities Corp., 2006-QO5

	June 26, 2006



	Cash Flow Received and Uses of Funds


	Cash Flow Received		Amount

	Principal and Interest Payments		4,299,331.01
	Prepayment Premium		30,481.62
	Liquidation and Insurance Proceeds		0.00
	Subsequent Recoveries		0.00
	Repurchase Proceeds		0.00
	Other Deposits/Adjustments (including Derivatives Payment)		149,966.00
	Total Deposits		4,479,778.63

	Uses of Funds		Amount

	Transfer to Certificate Account		4,435,559.81
	Reimbursed Advances and Expenses		0.00
	Master Servicing Compensation		44,218.82
	Derivatives Payment		0.00
	Total Withdrawals		4,479,778.63

	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-QO5 Trust 10-D