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:

11/21/2006

6. Interest Shortfalls, Compensation and Expenses

Distribution Date:

11/27/2006

Record Date:

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

Book-Entry:

11/22/2006

8. Collateral Summary

Definitive:

10/31/2006

9. Repurchase Information

10. Loan Status Report (Delinquencies)

Trustee:

Deutsche Bank Trust Company Americas

11. Deal Delinquencies (30 Day Buckets)

Main Telephone:

714-247-6000

12. Loss Mitigation and Servicing Modifications

GMAC-RFC

13. Losses and Recoveries

Bond Administrator:

Nicholas Gisler

14. Credit Enhancement Report

Telephone:

818-260-1628

15. Distribution Percentages

(Not Applicable)

Pool(s) :

40342,40343,40344

16. Overcollateralization Summary

17. Excess Cash Flow, Overcollateralization
Provisions and Derivative Amounts

18. Performance Tests

19. Lender Paid Mortgage Insurance

(Not Applicable)

20. Comments

11/28/2006

4:06:43PM

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

Page 1 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 2006



	1. Distribution Summary

		Class	CUSIP		Original Face Value			Beginning Notional / Principal Balance		Pass - Through Rate				Principal Distribution			Interest Distribution		Total Distribution (3) + (4) = (5)		Principal Loss				Interest Loss		Deferred Interest			Ending Notional/ Principal Balance (1)-(3)-(6)+(8)=(9)





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

I-A-1			75114HAA5	179,443,000.00			175,673,621.00				5.53500000		3,479,565.38		891,324.03			4,370,889.41				0.00	0.00			0.00			172,194,055.62


I-A-2			75114HAB3	107,666,000.00			105,404,368.40				5.51000000		2,087,743.11		532,379.90			2,620,123.01				0.00	0.00			0.00			103,316,625.29


I-A-3			75114HAC1	71,777,000.00			70,269,252.60				5.57000000		1,391,822.27		358,783.09			1,750,605.36				0.00	0.00			0.00			68,877,430.33


II-A-1			75114HAD9	237,255,000.00			231,453,315.44				5.51000000		1,518,154.20		1,169,032.12			2,687,186.32				0.00	0.00			0.00			229,935,161.24


II-A-2			75114HAE7	118,628,000.00			115,727,145.49				5.55000000		759,080.30		588,761.85			1,347,842.15				0.00	0.00			0.00			114,968,065.19


II-A-3			75114HAF4	39,542,000.00			38,575,064.80				5.60000000		253,022.50		198,018.67			451,041.17				0.00	0.00			0.00			38,322,042.30


III-A-1			75114HAG2	57,217,000.00			55,519,157.22				5.39000000		331,200.04		274,310.90			605,510.94				0.00	0.00			0.00			55,187,957.18


III-A-2			75114HAH0	81,717,000.00			81,717,000.00				5.46000000		0.00		408,993.58			408,993.58				0.00	0.00			0.00			81,717,000.00


III-A-3			75114HAJ6	32,687,000.00			32,687,000.00				5.51000000		0.00		165,096.59			165,096.59				0.00	0.00			0.00			32,687,000.00


III-A-4			75114HAK3	36,385,000.00			36,385,000.00				5.59000000		0.00		186,442.80			186,442.80				0.00	0.00			0.00			36,385,000.00


III-A-5			75114HAL1	23,112,000.00			22,923,350.80				5.60000000		36,800.00		117,673.20			154,473.20				0.00	0.00			0.00			22,886,550.80

						1			1																							1
XC			75114HAW7	358,886,000.00			351,347,242.02				1.33362488		0.00		390,471.19			390,471.19				0.00	0.00			0.00			344,388,111.25


						1			1																							1
XN			75114HAX5	395,425,000.00			385,755,525.73				1.75251829		0.00		563,369.68			563,369.68				0.00	0.00			0.00			383,225,268.73



M-1			75114HAP2	26,463,000.00			26,463,000.00				5.67000000		0.00		137,541.44			137,541.44				0.00	0.00			0.00			26,463,000.00


M-2			75114HAQ0	17,155,000.00			17,155,000.00				5.70000000		0.00		89,634.88			89,634.88				0.00	0.00			0.00			17,155,000.00


M-3			75114HAR8	5,462,000.00			5,462,000.00				5.74000000		0.00		28,739.22			28,739.22				0.00	0.00			0.00			5,462,000.00


M-4			75114HAS6	12,962,000.00			12,962,000.00				5.80426692		0.00		69,389.91			69,389.91				0.00	0.00			0.00			12,962,000.00


M-5			75114HAT4	10,269,000.00			10,269,000.00				5.80426692		0.00		55,726.44			55,726.44				0.00	0.00			0.00			10,269,000.00


M-6			75114HAU1	7,508,000.00			7,508,000.00				5.80426692		0.00		45,216.93			45,216.93				0.00	0.00			0.00			7,508,000.00


M-7			75114HAV9	6,339,000.00			6,339,000.00				5.80426692		0.00		43,406.30			43,406.30				0.00	0.00			0.00			6,339,000.00


SB			75114HAY3	5,384,460.54			5,384,857.30				0.00000000		0.00		268,045.95			268,045.95				0.00	0.00			0.00			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

11/28/2006

4:06:43PM

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

Page 2 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 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		392,406.71		392,406.71		0.00	0.00		0.00	0.00


		Deal Totals			1,076,971,460.54	1,057,877,133.05		9,857,387.80		6,974,765.38		16,832,153.18		0.00			0.00	0.00	1,048,019,745.25

	1.Notional Balance

11/28/2006

4:06:43PM

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

Page 3 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 2006



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

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




	I-A-1			75114HAA5	978.99400367		19.39092291	4.96717080		24.35809371	0.00000000	0.00000000	959.60308076

	I-A-2			75114HAB3	978.99400368		19.39092295	4.94473557		24.33565852	0.00000000	0.00000000	959.60308073

	I-A-3			75114HAC1	978.99400365		19.39092286	4.99858019		24.38950304	0.00000000	0.00000000	959.60308079

	II-A-1			75114HAD9	975.54662890		6.39882911	4.92732343		11.32615254	0.00000000	0.00000000	969.14779979

	II-A-2			75114HAE7	975.54662887		6.39882911	4.96309345		11.36192256	0.00000000	0.00000000	969.14779976

	II-A-3			75114HAF4	975.54662890		6.39882909	5.00780613		11.40663522	0.00000000	0.00000000	969.14779981

	III-A-1			75114HAG2	970.32625304		5.78849013	4.79422025		10.58271038	0.00000000	0.00000000	964.53776290

	III-A-2			75114HAH0	1,000.00000000		0.00000000	5.00499994		5.00499994	0.00000000	0.00000000	1,000.00000000

	III-A-3			75114HAJ6	1,000.00000000		0.00000000	5.05083336		5.05083336	0.00000000	0.00000000	1,000.00000000

	III-A-4			75114HAK3	1,000.00000000		0.00000000	5.12416655		5.12416655	0.00000000	0.00000000	1,000.00000000

	III-A-5			75114HAL1	991.83760817		1.59224645	5.09143302		6.68367947	0.00000000	0.00000000	990.24536172

	XC			75114HAW7	978.99400372		0.00000000	1.08800898		1.08800898	0.00000000	0.00000000	959.60308078

	XN			75114HAX5	975.54662889		0.00000000	1.42471943		1.42471943	0.00000000	0.00000000	969.14779979

	M-1			75114HAP2	1,000.00000000		0.00000000	5.19749991		5.19749991	0.00000000	0.00000000	1,000.00000000

	M-2			75114HAQ0	1,000.00000000		0.00000000	5.22500029		5.22500029	0.00000000	0.00000000	1,000.00000000

	M-3			75114HAR8	1,000.00000000		0.00000000	5.26166606		5.26166606	0.00000000	0.00000000	1,000.00000000

	M-4			75114HAS6	1,000.00000000		0.00000000	5.35333359		5.35333359	0.00000000	0.00000000	1,000.00000000

	M-5			75114HAT4	1,000.00000000		0.00000000	5.42666667		5.42666667	0.00000000	0.00000000	1,000.00000000

	M-6			75114HAU1	1,000.00000000		0.00000000	6.02250000		6.02250000	0.00000000	0.00000000	1,000.00000000

	M-7			75114HAV9	1,000.00000000		0.00000000	6.84749961		6.84749961	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

11/28/2006

4:06:43PM

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

Page 4 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 2006



	Deal Factor :			97.31174722%


	Group I Factor :			95.53103759%


	Group II Factor :			97.15173751%


	Group III Factor :			100.35065379%



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	10/25/2006		11/26/2006		Actual/360		175,673,621.00		5.53500000	891,324.03		0.00		0.00			0.00		0.00		891,324.03		0.00

I-A-2	10/25/2006		11/26/2006		Actual/360		105,404,368.40		5.51000000	532,379.90		0.00		0.00			0.00		0.00		532,379.90		0.00

I-A-3	10/25/2006		11/26/2006		Actual/360		70,269,252.60		5.57000000	358,783.09		0.00		0.00			0.00		0.00		358,783.09		0.00

II-A-1	10/25/2006		11/26/2006		Actual/360		231,453,315.44		5.51000000	1,169,032.12		0.00		0.00			0.00		0.00		1,169,032.12		0.00

II-A-2	10/25/2006		11/26/2006		Actual/360		115,727,145.49		5.55000000	588,761.85		0.00		0.00			0.00		0.00		588,761.85		0.00

II-A-3	10/25/2006		11/26/2006		Actual/360		38,575,064.80		5.60000000	198,018.67		0.00		0.00			0.00		0.00		198,018.67		0.00

III-A-1	10/25/2006		11/26/2006		Actual/360		55,519,157.22		5.39000000	274,310.90		0.00		0.00			0.00		0.00		274,310.90		0.00

III-A-2	10/25/2006		11/26/2006		Actual/360		81,717,000.00		5.46000000	408,993.58		0.00		0.00			0.00		0.00		408,993.58		0.00

III-A-3	10/25/2006		11/26/2006		Actual/360		32,687,000.00		5.51000000	165,096.59		0.00		0.00			0.00		0.00		165,096.59		0.00

III-A-4	10/25/2006		11/26/2006		Actual/360		36,385,000.00		5.59000000	186,442.80		0.00		0.00			0.00		0.00		186,442.80		0.00

III-A-5	10/25/2006		11/26/2006		Actual/360		22,923,350.80		5.60000000	117,673.20		0.00		0.00			0.00		0.00		117,673.20		0.00

XC	10/01/2006		10/31/2006		30/360		351,347,242.02	1	1.33362488	390,471.19		0.00		0.00			0.00		0.00		390,471.19		0.00


XN	10/01/2006		10/31/2006		30/360		385,755,525.73	1	1.75251829	563,369.68		0.00		0.00			0.00		0.00		563,369.68		0.00


M-1	10/25/2006		11/26/2006		Actual/360		26,463,000.00		5.67000000	137,541.44		0.00		0.00			0.00		0.00		137,541.44		0.00

M-2	10/25/2006		11/26/2006		Actual/360		17,155,000.00		5.70000000	89,634.88		0.00		0.00			0.00		0.00		89,634.88		0.00

M-3	10/25/2006		11/26/2006		Actual/360		5,462,000.00		5.74000000	28,739.22		0.00		0.00			0.00		0.00		28,739.22		0.00

M-4	10/25/2006		11/26/2006		Actual/360		12,962,000.00		5.80426692	69,389.91		0.00		0.00			0.00		0.00		69,389.91		0.00

M-5	10/25/2006		11/26/2006		Actual/360		10,269,000.00		5.80426692	55,726.44		0.00		0.00			0.00		0.00		55,726.44		0.00

M-6	10/25/2006		11/26/2006		Actual/360		7,508,000.00		5.80426692	45,216.93		0.00		0.00			0.00		0.00		45,216.93		0.00

M-7	10/25/2006		11/26/2006		Actual/360		6,339,000.00		5.80426692	43,406.30		0.00		0.00			0.00		0.00		43,406.30		0.00

SB	10/01/2006		10/31/2006		N/A		5,384,857.30		0.00000000	0.00		0.00		0.00			0.00		268,045.95		268,045.95		0.00

P	10/01/2006		10/31/2006		N/A		0.00		0.00000000	0.00		0.00		0.00			0.00		392,406.71		392,406.71		0.00

Deal Totals						1,057,877,133.05				6,314,312.72		0.00		0.00			0.00		660,452.66		6,974,765.38		0.00



1.Notional Balance

11/28/2006

4:06:43PM

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

Page 5 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 2006



	Current Index Rates

Index Type		Rate		Classes


BTLIB TEL 25 -2BD		5.32000000	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



DB 12MTA 15 DAY LB		4.66400000	XC, XN


Net Deferred Interest Amount: Group 1: $0.00 Group 2: $0.00 Group 3: $369,646.13



5. Other Income Detail

	Class		Prepayment Charges			Remaining Excess Cash Flow and OC Release Amount		Other Income Distributiion


		(1)				(2)		(1) + (2) = (3)
	SB
					0.00		268,045.95		268,045.95

	P
					392,406.71		0.00		392,406.71


	Deal Totals			392,406.71		268,045.95			660,452.66


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 Advances





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



	Group I	9,044.60		9,044.60			0.00			0	0.00		119,438.80		7,651.30		28,140.23	0.00	0.00	0.00

	Group II	5,101.37		5,101.37			0.00			0	0.00		131,643.30		13,327.70		32,692.55	0.00	0.00	0.00

	Group III	1,176.76		1,176.76			0.00			0	0.00		79,064.30		9,823.21		12,228.91	0.00	0.00	0.00

	Deal Totals	15,322.73		15,322.73			0.00			0	0.00		330,146.40		30,802.21		73,061.69	0.00	0.00	0.00

11/28/2006

4:06:43PM

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

Page 6 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 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		0.00			0.00		0.00		0.00		0.00

	I-A-2		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	I-A-3		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	II-A-1		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	II-A-2		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	II-A-3		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	III-A-1		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	III-A-2		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	III-A-3		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	III-A-4		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	III-A-5		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	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		0.00			0.00		0.00		0.00		0.00

	M-2		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	M-3		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	M-4		0.00		0.00		0.00		0.00		0.00		424.57			0.00		0.00		424.57		0.00

	M-5		0.00		0.00		0.00		0.00		0.00		1,089.42			0.00		0.00		1,089.42		0.00

	M-6		0.00		0.00		0.00		0.00		0.00		5,270.03			0.00		0.00		5,270.03		0.00

	M-7		0.00		0.00		0.00		0.00		0.00		9,679.16			0.00		0.00		9,679.16		0.00

	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		16,463.18			0.00		0.00		16,463.18		0.00

11/28/2006

4:06:43PM

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

Page 7 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 2006



8. Collateral Summary

A. Loan Count and Balances

								Original Loan Count/ Scheduled Principal Balance							Beginning Loan Count/ Scheduled Principal Balance						Scheduled Principal			Curtailments					Payoffs					Matured Loans		Repurchases			Beginning Aggregate Scheduled Principal Balance of Liquidations/ Charge-offs					Ending Loan Count/Scheduled Principal Balance




			Count								1,463					1,412			N/A						340						36				0			0				0				1,376
		Group I


			Balance/Amount				392,225,563.92							382,904,575.86					-1,253,999.62							124,228.20				9,337,196.38				N/A			0.00		0.00						374,697,150.90



			Count								880					853			N/A						194						7				0			0				0				846
		Group II


			Balance/Amount				432,158,533.61							421,869,133.17					-1,420,452.24							142,653.66				3,297,407.56				N/A			0.00		0.00						419,849,524.19



			Count								632					627			N/A						140						2				0			0				0				625
		Group III


			Balance/Amount				252,587,363.01							253,103,424.04					-869,967.91							72,973.96				427,347.82				N/A			0.00		0.00						253,473,070.17



		Deal Totals	Count							2,975							2,892				N/A				674				45					0		0					0						2,847


			Balance/Amount			1,076,971,460.54							1,057,877,133.07							-3,544,419.77					339,855.82				13,061,951.76					N/A		0.00				0.00			1,048,019,745.26




B. Weighted Averages

			Beginning Weighted Average Gross Mortgage Rate	Ending Weighted Average Gross Mortgage Rate					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
			7.92262488	7.99877948					366.23			366.23						7.49762488					7.57377948		7.49762488			N/A					N/A

		Group II
			7.84151829	7.92243580					370.97			370.97						7.41651829					7.49743580		7.41651829			N/A					N/A

		Group III
			7.92847573	7.93456374					369.71			369.71						7.50347573					7.50956374		7.50347573			N/A					N/A

		Deal Totals
			7.89168036	7.95266411					368.97			368.97						7.46668036					7.52766411		7.46668036			N/A					N/A



C. Constant Prepayment Rate

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


	Group-I		25.86%		17.75%							11.68%															11.68%

	Group-II		9.33%		14.16%							8.67%															8.67%

	Group-III		2.34%		4.56%							2.58%															2.58%

11/28/2006

4:06:43PM

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

Page 8 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 2006



Deal Totals	14.14%	13.30%	8.37%	8.37%



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

11/28/2006

4:06:43PM

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

Page 9 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 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						2,783				1,023,319,543.30				1			363,291.70								0			0.00				0				0.00							0.00						2,784		1,023,682,835.00

	30 days					50					18,349,357.60				0			0.00								0			0.00				0				0.00							0.00						50		18,349,357.60

	60 days					8					3,820,216.59				0			0.00								0			0.00				0				0.00							0.00						8		3,820,216.59

	90 days					1					505,831.07				0			0.00								1			475,889.84				0				0.00							0.00						2		981,720.91

	120 days					2					852,353.82				0			0.00								0			0.00				0				0.00							0.00						2		852,353.82

	150 days					0					0.00				0			0.00								1			333,261.34				0				0.00							0.00						1		333,261.34

	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							2,844			1,046,847,302.38				1		363,291.70								2			809,151.18			0					0.00					0.00						2,847				1,048,019,745.26


	Current			97.75%								97.64%			0.04%						0.03%				0.00%				0.00%				0.00%		0.00%							0.00%								97.79%		97.68%

	30 days					1.76%					1.75%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%							1.76%			1.75%

	60 days					0.28%					0.36%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%							0.28%			0.36%

	90 days					0.04%					0.05%				0.00%						0.00%				0.04%				0.05%				0.00%		0.00%							0.00%							0.07%			0.09%

	120 days					0.07%					0.08%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%							0.07%			0.08%

	150 days					0.00%					0.00%				0.00%						0.00%				0.04%				0.03%				0.00%		0.00%							0.00%							0.04%			0.03%

	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		99.89%						99.89%					0.04%		0.03%								0.07%				0.08%			0.00%			0.00%						0.00%						100.00%					100.00%

11/28/2006

4:06:43PM

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

Page 10 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 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						1,344						365,822,709.86		0		0.00					0			0.00				0		0.00			0.00					1,344			365,822,709.86

30 days					27					7,291,501.70			0			0.00					0			0.00				0		0.00			0.00					27			7,291,501.70

60 days					2					546,313.52			0			0.00					0			0.00				0		0.00			0.00					2			546,313.52

90 days					0					0.00			0			0.00					1			475,889.84				0		0.00			0.00					1			475,889.84

120 days					1					227,474.64			0			0.00					0			0.00				0		0.00			0.00					1			227,474.64

150 days					0					0.00			0			0.00					1			333,261.34				0		0.00			0.00					1			333,261.34

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					1,374					373,887,999.72			0			0.00				2				809,151.18				0		0.00				0.00				1,376			374,697,150.90


Current				97.67%				97.63%						0.00%		0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				97.67%			97.63%

30 days				1.96%							1.95%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				1.96%				1.95%

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

90 days				0.00%							0.00%		0.00%			0.00%				0.07%				0.13%				0.00%		0.00%				0.00%				0.07%		0.13%

120 days				0.07%							0.06%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.07%		0.06%

150 days				0.00%							0.00%		0.00%			0.00%				0.07%				0.09%				0.00%		0.00%				0.00%				0.07%		0.09%

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		99.85%							99.78%				0.00%		0.00%				0.15%				0.22%			0.00%			0.00%			0.00%					100.00%		100.00%

11/28/2006

4:06:43PM

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

Page 11 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 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						824						408,165,487.44		1		363,291.70					0			0.00				0		0.00			0.00					825			408,528,779.14

30 days					17					8,704,046.99			0			0.00					0			0.00				0		0.00			0.00					17			8,704,046.99

60 days					3					1,991,818.88			0			0.00					0			0.00				0		0.00			0.00					3			1,991,818.88

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

120 days					1					624,879.18			0			0.00					0			0.00				0		0.00			0.00					1			624,879.18

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					845					419,486,232.49			1			363,291.70				0				0.00				0		0.00				0.00				846			419,849,524.19


Current				97.40%				97.22%						0.12%		0.09%				0.00%				0.00%				0.00%		0.00%				0.00%				97.52%			97.30%

30 days				2.01%							2.07%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				2.01%				2.07%

60 days				0.35%							0.47%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.35%		0.47%

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				0.12%							0.15%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.12%		0.15%

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		99.88%							99.91%				0.12%		0.09%				0.00%				0.00%			0.00%			0.00%			0.00%					100.00%		100.00%

11/28/2006

4:06:43PM

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

Page 12 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 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						615						249,331,346.00		0		0.00					0			0.00				0		0.00			0.00					615			249,331,346.00

30 days					6					2,353,808.91			0			0.00					0			0.00				0		0.00			0.00					6			2,353,808.91

60 days					3					1,282,084.19			0			0.00					0			0.00				0		0.00			0.00					3			1,282,084.19

90 days					1					505,831.07			0			0.00					0			0.00				0		0.00			0.00					1			505,831.07

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					625					253,473,070.17			0			0.00				0				0.00				0		0.00				0.00				625			253,473,070.17


Current				98.40%				98.37%						0.00%		0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				98.40%			98.37%

30 days				0.96%							0.93%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.96%				0.93%

60 days				0.48%							0.51%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.48%		0.51%

90 days				0.16%							0.20%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.16%		0.20%

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%

11/28/2006

4:06:43PM

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

Page 13 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 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

			50	18,349,357.60			0		0.00			0		0.00			0		0.00			0		0.00
	1 Month				13 Months					25 Months					37 Months					49 Months


			1.76%	1.75%			0.00%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			8	3,820,216.59			0		0.00			0		0.00			0		0.00			0		0.00
	2 Months				14 Months					26 Months					38 Months					50 Months


			0.28%	0.36%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			2	981,720.91			0		0.00			0		0.00			0		0.00			0		0.00
	3 Months				15 Months					27 Months					39 Months					51 Months


			0.07%	0.09%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			2	852,353.82			0		0.00			0		0.00			0		0.00			0		0.00
	4 Months				16 Months					28 Months					40 Months					52 Months


			0.07%	0.08%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			1	333,261.34			0		0.00			0		0.00			0		0.00			0		0.00
	5 Months				17 Months					29 Months					41 Months					53 Months


			0.04%	0.03%			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%

11/28/2006

4:06:43PM

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

Page 14 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 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

11/28/2006

4:06:43PM

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

Page 15 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 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

11/28/2006

4:06:43PM

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Page 16 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 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

11/28/2006

4:06:43PM

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

Page 17 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 2006



D. Default Percentages

	Default Loss Percentage		1 Month	3 Months		6 Months	12 Months		Life of Deal

	Group	Monthly Default Rate	0.00%	0.00%	0.00%			0.00%

	I	Constant Default Rate	0.00%	0.00%	0.00%			0.00%



	Group	Monthly Default Rate	0.00%	0.00%	0.00%			0.00%

	II	Constant Default Rate	0.00%	0.00%	0.00%			0.00%



	Group	Monthly Default Rate	0.00%	0.00%	0.00%			0.00%

	III	Constant Default Rate	0.00%	0.00%	0.00%			0.00%



		Monthly Default Rate	0.00%	0.00%	0.00%			0.00%

	Deal Totals	Constant Default Rate	0.00%	0.00%	0.00%			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

0.00

YMA RESERVE

0.00

Hedge Agreements

Description

Provider

Termination
Date

Amount Received From Provider

Amount Paid to Provider

Yield Maintenance Agreement

Bank Of New York

03/01/2017

0.00

11/28/2006

4:06:43PM

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Page 18 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 2006



16. Overcollateralization Summary

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

11/28/2006

4:06:43PM

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

Page 19 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 2006



17. Excess Cashflow, Overcollateralization and Derivative Amounts

	Excess Cashflow and Derivative Summary

	(1)	Scheduled Unmodified Net Interest	6,582,358.68


	(2)	Interest Losses	0.00


	(3)	Subsequent Recoveries	0.00


	(4)	Interest Adjustment Amount	0.00


	(5)	Certificate Interest Amount	6,297,849.54


	(6)	OC Reduction Amount	0.00


	(7)	Net Deferred Interest Amount	369,646.13


	(8)	Excess Cashflow Prior to OC Provisions	284,509.14


	Overcollateralization and Derivative Amounts

		Excess Cashflow Prior to OC Provisions	284,509.14


	(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	0.00


	(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)	Interest Carry Forward Amount	0.00


	(12)	Basis Risk Shortfall Carry-Forward Amount	16,463.19


	(13)	To Class SB Certificates	268,045.95

11/28/2006

4:06:43PM

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

Page 20 of 21

Statement to Certificateholder

Residential Accredit Loans Inc, 2006-QO5

November 27, 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



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.

11/28/2006

4:06:43PM

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Page 21 of 21



11/28/2006	4:06:43PM	GMAC-RFC, 2255 North Ontario Street, Suite 400, Burbank, CA 91504, 818.260.1400, www.gmacrfc.com/investors	Page 1 of 1



	Statement To Certificateholder



	Residential Accredit Loans, Inc. 2006-QO5

	November 27, 2006



	Cash Flow Received and Uses of Funds


	Cash Flow Received		Amount

	Principal and Interest Payments		16,470,548.70
	Prepayment Premium		392,406.71
	Liquidation and Insurance Proceeds		0.00
	Subsequent Recoveries		0.00
	Repurchase Proceeds		0.00
	Other Deposits/Adjustments (including Derivatives Payment)		0.00
	Total Deposits		16,862,955.41

	Uses of Funds		Amount

	Transfer to Certificate Account		16,832,153.20
	Reimbursed Advances and Expenses		0.00
	Master Servicing Compensation		30,802.21
	Derivatives Payment		0.00
	Total Withdrawals		16,862,955.41

	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