Statement to Certificateholder

Distribution Information

Deal Information

1. Distribution Summary

Deal Name:

Residential Accredit Loans Inc, 2006-QO7

2. Factor Summary

Asset Type:

Mortgage Asset-Backed Pass-Through Certificates

3. Components Information

(Not Applicable)

Closing Date:

09/29/2006

4. Interest Summary

First Distribution Date:

10/25/2006

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) :

40408,40409,40410

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

4:09:14PM

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-QO7

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			751150AA1	461,703,000.00			460,841,732.97				5.46400000		1,135,088.86		2,098,366.02			3,233,454.88				0.00	0.00			0.00			459,706,644.11


I-A-2			751150AB9	57,713,000.00			57,605,341.39				5.46400000		141,886.42		262,296.32			404,182.74				0.00	0.00			0.00			57,463,454.97


I-A-3			751150AC7	57,713,000.00			57,605,341.39				5.46400000		141,886.42		262,296.32			404,182.74				0.00	0.00			0.00			57,463,454.97


II-A-1			751150AD5	335,962,000.00			335,422,962.18				5.51400000		479,626.09		1,541,268.51			2,020,894.60				0.00	0.00			0.00			334,943,336.09


II-A-2			751150AE3	41,995,000.00			41,927,620.67				5.51400000		59,952.90		192,657.42			252,610.32				0.00	0.00			0.00			41,867,667.77


II-A-3			751150AF0	41,995,000.00			41,927,620.67				5.51400000		59,952.90		192,657.42			252,610.32				0.00	0.00			0.00			41,867,667.77


III-A-1			751150AG8	156,605,000.00			156,071,973.30				5.42000000		1,786,697.32		775,417.59			2,562,114.91				0.00	0.00			0.00			154,285,275.98


III-A-2			751150AH6	179,768,000.00			179,768,000.00				5.52500000		0.00		910,450.02			910,450.02				0.00	0.00			0.00			179,768,000.00


III-A-3			751150AJ2	37,954,000.00			37,954,000.00				5.62500000		0.00		195,700.31			195,700.31				0.00	0.00			0.00			37,954,000.00


III-A-4			751150AK9	41,591,000.00			41,531,776.08				5.62500000		198,517.68		214,148.22			412,665.90				0.00	0.00			0.00			41,333,258.40

						1			1																							1
X1			751150AP8	577,129,000.00			576,052,415.74				0.90000000		0.00		432,039.31			432,039.31				0.00	0.00			0.00			574,633,554.06


						1			1																							1
X2			751150AQ6	419,952,000.00			419,168,615.85				1.27000000		0.00		443,620.12			443,620.12				0.00	0.00			0.00			418,136,171.11


						1			1																							1
X3			751150AR4	450,000,000.00			449,210,022.73				1.50000000		0.00		561,512.53			561,512.53				0.00	0.00			0.00			448,299,086.59



M-1			751150AS2	30,229,000.00			30,229,000.00				5.73000000		0.00		158,777.82			158,777.82				0.00	0.00			0.00			30,229,000.00


M-2			751150AT0	27,904,000.00			27,904,000.00				5.75000000		0.00		147,077.33			147,077.33				0.00	0.00			0.00			27,904,000.00


M-3			751150AU7	9,300,000.00			9,300,000.00				5.77000000		0.00		49,189.25			49,189.25				0.00	0.00			0.00			9,300,000.00


M-4			751150AV5	22,478,000.00			22,478,000.00				5.78513035		0.00		123,010.86			123,010.86				0.00	0.00			0.00			22,478,000.00


M-5			751150AW3	16,277,000.00			16,277,000.00				5.78513035		0.00		98,028.23			98,028.23				0.00	0.00			0.00			16,277,000.00


M-6			751150AX1	10,077,000.00			10,077,000.00				5.78513035		0.00		67,616.67			67,616.67				0.00	0.00			0.00			10,077,000.00


M-7			751150AY9	13,176,000.00			13,176,000.00				5.78513035		0.00		88,410.96			88,410.96				0.00	0.00			0.00			13,176,000.00


SB			751150AZ6	7,751,403.86			7,750,957.02				0.00000000		0.00		830,926.36			830,926.36				0.00	0.00			0.00			7,750,957.02


R-I			751150BA0	0.00			0.00				0.00000000		0.00		0.00			0.00				0.00	0.00			0.00			0.00


R-II			751150BB8	0.00			0.00				0.00000000		0.00		0.00			0.00				0.00	0.00			0.00			0.00

11/28/2006

4:09:14PM

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-QO7

November 27, 2006



R-III			751150BC6	0.00		0.00	0.00000000		0.00		0.00		0.00		0.00	0.00		0.00	0.00


R-X			751150BD4	0.00		0.00	0.00000000		0.00		0.00		0.00		0.00	0.00		0.00	0.00


P			751150BE2	0.00		0.00	0.00000000		0.00		128,532.23		128,532.23		0.00	0.00		0.00	0.00


		Deal Totals			1,550,191,403.86	1,547,848,325.67		4,003,608.59		9,773,999.82		13,777,608.41		0.00			0.00	0.00	1,543,844,717.08

	1.Notional Balance

11/28/2006

4:09:14PM

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-QO7

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			751150AA1	998.13458645		2.45848275	4.54483947		7.00332222	0.00000000	0.00000000	995.67610371

	I-A-2			751150AB9	998.13458649		2.45848284	4.54483946		7.00332230	0.00000000	0.00000000	995.67610365

	I-A-3			751150AC7	998.13458649		2.45848284	4.54483946		7.00332230	0.00000000	0.00000000	995.67610365

	II-A-1			751150AD5	998.39553932		1.42762006	4.58762750		6.01524756	0.00000000	0.00000000	996.96791926

	II-A-2			751150AE3	998.39553923		1.42761995	4.58762757		6.01524753	0.00000000	0.00000000	996.96791928

	II-A-3			751150AF0	998.39553923		1.42761995	4.58762757		6.01524753	0.00000000	0.00000000	996.96791928

	III-A-1			751150AG8	996.59636219		11.40894173	4.95142294		16.36036468	0.00000000	0.00000000	985.18742045

	III-A-2			751150AH6	1,000.00000000		0.00000000	5.06458335		5.06458335	0.00000000	0.00000000	1,000.00000000

	III-A-3			751150AJ2	1,000.00000000		0.00000000	5.15624993		5.15624993	0.00000000	0.00000000	1,000.00000000

	III-A-4			751150AK9	998.57604001		4.77309226	5.14890770		9.92199995	0.00000000	0.00000000	993.80294775

	X1			751150AP8	998.13458644		0.00000000	0.74860094		0.74860094	0.00000000	0.00000000	995.67610371

	X2			751150AQ6	998.13458645		0.00000000	1.05635911		1.05635911	0.00000000	0.00000000	995.67610372

	X3			751150AR4	998.24449496		0.00000000	1.24780562		1.24780562	0.00000000	0.00000000	996.22019242

	M-1			751150AS2	1,000.00000000		0.00000000	5.25249992		5.25249992	0.00000000	0.00000000	1,000.00000000

	M-2			751150AT0	1,000.00000000		0.00000000	5.27083321		5.27083321	0.00000000	0.00000000	1,000.00000000

	M-3			751150AU7	1,000.00000000		0.00000000	5.28916667		5.28916667	0.00000000	0.00000000	1,000.00000000

	M-4			751150AV5	1,000.00000000		0.00000000	5.47250022		5.47250022	0.00000000	0.00000000	1,000.00000000

	M-5			751150AW3	1,000.00000000		0.00000000	6.02249985		6.02249985	0.00000000	0.00000000	1,000.00000000

	M-6			751150AX1	1,000.00000000		0.00000000	6.71000000		6.71000000	0.00000000	0.00000000	1,000.00000000

	M-7			751150AY9	1,000.00000000		0.00000000	6.71000000		6.71000000	0.00000000	0.00000000	1,000.00000000

	SB		1	751150AZ6

	R-I			751150BA0	0.00000000		0.00000000	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000

	R-II			751150BB8	0.00000000		0.00000000	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000

	R-III			751150BC6	0.00000000		0.00000000	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000

	R-X			751150BD4	0.00000000		0.00000000	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000

	P			751150BE2	0.00000000		0.00000000	0.00000000		0.00000000	0.00000000	0.00000000	0.00000000

	1	Factors not reported for OC Classes

11/28/2006

4:09:14PM

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-QO7

November 27, 2006



	Deal Factor :			99.59058689%


	Group 1 Factor :			99.60470801%


	Group 2 Factor :			99.90404856%


	Group 3 Factor :			99.25449120%



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	10/01/2006		10/31/2006		30/360		460,841,732.97		5.46400000	2,098,366.02		0.00		0.00			0.00		0.00		2,098,366.02		0.00

I-A-2	10/01/2006		10/31/2006		30/360		57,605,341.39		5.46400000	262,296.32		0.00		0.00			0.00		0.00		262,296.32		0.00

I-A-3	10/01/2006		10/31/2006		30/360		57,605,341.39		5.46400000	262,296.32		0.00		0.00			0.00		0.00		262,296.32		0.00

II-A-1	10/01/2006		10/31/2006		30/360		335,422,962.18		5.51400000	1,541,268.51		0.00		0.00			0.00		0.00		1,541,268.51		0.00

II-A-2	10/01/2006		10/31/2006		30/360		41,927,620.67		5.51400000	192,657.42		0.00		0.00			0.00		0.00		192,657.42		0.00

II-A-3	10/01/2006		10/31/2006		30/360		41,927,620.67		5.51400000	192,657.42		0.00		0.00			0.00		0.00		192,657.42		0.00

III-A-1	10/25/2006		11/26/2006		Actual/360		156,071,973.30		5.42000000	775,417.59		0.00		0.00			0.00		0.00		775,417.59		0.00

III-A-2	10/25/2006		11/26/2006		Actual/360		179,768,000.00		5.52500000	910,450.02		0.00		0.00			0.00		0.00		910,450.02		0.00

III-A-3	10/25/2006		11/26/2006		Actual/360		37,954,000.00		5.62500000	195,700.31		0.00		0.00			0.00		0.00		195,700.31		0.00

III-A-4	10/25/2006		11/26/2006		Actual/360		41,531,776.08		5.62500000	214,148.22		0.00		0.00			0.00		0.00		214,148.22		0.00

X1	10/01/2006		10/31/2006		30/360		576,052,415.74	1	0.90000000	432,039.31		0.00		0.00			0.00		0.00		432,039.31		0.00


X2	10/01/2006		10/31/2006		30/360		419,168,615.85	1	1.27000000	443,620.12		0.00		0.00			0.00		0.00		443,620.12		0.00


X3	10/01/2006		10/31/2006		30/360		449,210,022.73	1	1.50000000	561,512.53		0.00		0.00			0.00		0.00		561,512.53		0.00


M-1	10/25/2006		11/26/2006		Actual/360		30,229,000.00		5.73000000	158,777.82		0.00		0.00			0.00		0.00		158,777.82		0.00

M-2	10/25/2006		11/26/2006		Actual/360		27,904,000.00		5.75000000	147,077.33		0.00		0.00			0.00		0.00		147,077.33		0.00

M-3	10/25/2006		11/26/2006		Actual/360		9,300,000.00		5.77000000	49,189.25		0.00		0.00			0.00		0.00		49,189.25		0.00

M-4	10/25/2006		11/26/2006		Actual/360		22,478,000.00		5.78513035	123,010.86		0.00		0.00			0.00		0.00		123,010.86		0.00

M-5	10/25/2006		11/26/2006		Actual/360		16,277,000.00		5.78513035	98,028.23		0.00		0.00			0.00		0.00		98,028.23		0.00

M-6	10/25/2006		11/26/2006		Actual/360		10,077,000.00		5.78513035	67,616.67		0.00		0.00			0.00		0.00		67,616.67		0.00

M-7	10/25/2006		11/26/2006		Actual/360		13,176,000.00		5.78513035	88,410.96		0.00		0.00			0.00		0.00		88,410.96		0.00

SB	10/01/2006		10/31/2006		Actual/360		7,750,957.02		0.00000000	0.00		0.00		0.00			0.00		830,926.36		830,926.36		0.00

P	10/01/2006		10/31/2006		N/A		0.00		0.00000000	0.00		0.00		0.00			0.00		128,532.23		128,532.23		0.00

Deal Totals						1,547,848,325.67				8,814,541.23		0.00		0.00			0.00		959,458.59		9,773,999.82		0.00



1.Notional Balance

11/28/2006

4:09:14PM

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-QO7

November 27, 2006



	Current Index Rates

Index Type		Rate		Classes


DB 12MTA 15 DAY LB		4.66400000	I-A-1, II-A-2, II-A-3, II-A-1, I-A-2, I-A-3


BTLIB TEL 25 -2BD		5.32000000	III-A-1, III-A-2, III-A-3, M-1, M-3, M-5, M-7, M-6, M-4, M-2, III-A-4


Net Deferred Interest Amount: Group 1: $0.00 Group 2: $187,925.14 Group 3: $0.00



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		830,926.36		830,926.36

	P
					128,532.23		0.00		128,532.23


	Deal Totals			128,532.23		830,926.36			959,458.59


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 1	4,242.48		4,242.48			0.00			0	0.00		197,391.26		24,326.81		63,925.94	0.00	0.00	0.00

	Group 2	820.73		820.73			0.00			0	0.00		143,853.54		19,185.76		50,594.31	0.00	0.00	0.00

	Group 3	6,521.40		6,521.40			0.00			0	0.00		142,208.78		13,034.72		33,498.86	0.00	0.00	0.00

	Deal Totals	11,584.61		11,584.61			0.00			0	0.00		483,453.58		56,547.29		148,019.11	0.00	0.00	0.00

11/28/2006

4:09:14PM

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-QO7

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

	X1		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	X2		0.00		0.00		0.00		0.00		0.00		0.00			0.00		0.00		0.00		0.00

	X3		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		3,809.21			0.00		0.00		3,809.21		0.00

	M-5		0.00		0.00		0.00		0.00		0.00		11,710.71			0.00		0.00		11,710.71		0.00

	M-6		0.00		0.00		0.00		0.00		0.00		14,177.97			0.00		0.00		14,177.97		0.00

	M-7		0.00		0.00		0.00		0.00		0.00		18,538.16			0.00		0.00		18,538.16		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		48,236.05			0.00		0.00		48,236.05		0.00

11/28/2006

4:09:14PM

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-QO7

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								2,417					2,410			N/A						587						9				0			1				0				2,400
		Group 1


			Balance/Amount				633,164,144.05							631,833,454.01					-2,044,176.30							361,378.29				2,525,773.35				N/A			329,181.74		0.00						630,661,296.93



			Count								797					795			N/A						169						2				0			0				0				793
		Group 2


			Balance/Amount				460,725,945.83							460,095,947.49					-1,547,016.98							132,929.73				1,226,162.11				N/A			0.00		0.00						460,283,872.63



			Count								1,227					1,224			N/A						238						14				0			0				0				1,210
		Group 3


			Balance/Amount				456,301,313.98							455,918,924.17					-1,479,532.17							96,019.87				4,402,888.95				N/A			0.00		0.00						452,899,547.52



		Deal Totals	Count							4,441							4,429				N/A				994				25					0		1					0						4,403


			Balance/Amount			1,550,191,403.86							1,547,848,325.67							-5,070,725.45					590,327.89				8,154,824.41					N/A		329,181.74				0.00			1,543,844,717.08




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 1
			7.93134232	8.04440154					382.59			382.56						7.50607889					7.61913701		7.50614401			N/A					N/A

		Group 2
			7.89064612	8.00132143					390.03			390.03						7.46564612					7.57632143		7.46564612			N/A					N/A

		Group 3
			7.87591837	7.92397103					379.60			379.57						7.45091837					7.49897103		7.45091837			N/A					N/A

		Deal Totals
			7.90292029	7.99622830					383.93			383.91						7.47781276					7.57112024		7.47783934			N/A					N/A



C. Constant Prepayment Rate

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


	1		5.92%																								4.77%

	2		3.48%																								3.28%

	3		11.19%																								7.04%

11/28/2006

4:09:14PM

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-QO7

November 27, 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		1		1
				0


	Group 1
		Scheduled Balance		0.00		0.00			0.00		329,181.74			329,181.74


		Count				0			0		0		0
				0


	Group 2
		Scheduled Balance		0.00		0.00			0.00		0.00			0.00


		Count				0			0		0		0
				0


	Group 3
		Scheduled Balance		0.00		0.00			0.00		0.00			0.00



		Count		0		0			0		1		1
	Deal Totals


		Scheduled Balance		0.00		0.00			0.00		329,181.74		329,181.74

11/28/2006

4:09:14PM

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-QO7

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						4,265				1,492,898,833.93				2			1,150,344.24								0			0.00				0				0.00							0.00						4,267		1,494,049,178.17

	30 days					124					45,028,385.82				1			389,749.82								0			0.00				0				0.00							0.00						125		45,418,135.64

	60 days					11					4,377,403.27				0			0.00								0			0.00				0				0.00							0.00						11		4,377,403.27

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

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

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

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

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

	Total							4,400			1,542,304,623.02				3		1,540,094.06								0			0.00			0					0.00					0.00						4,403				1,543,844,717.08


	Current			96.87%								96.70%			0.05%						0.07%				0.00%				0.00%				0.00%		0.00%							0.00%								96.91%		96.77%

	30 days					2.82%					2.92%				0.02%						0.03%				0.00%				0.00%				0.00%		0.00%							0.00%							2.84%			2.94%

	60 days					0.25%					0.28%				0.00%						0.00%				0.00%				0.00%				0.00%		0.00%							0.00%							0.25%			0.28%

	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		99.93%						99.90%					0.07%		0.10%								0.00%				0.00%			0.00%			0.00%						0.00%						100.00%					100.00%

11/28/2006

4:09:14PM

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-QO7

November 27, 2006



			Current / Delinquent											Bankruptcy						Foreclosure					REO											Total
Group 1

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


Current						2,322						609,324,217.08		1		174,440.01					0			0.00				0		0.00			0.00					2,323			609,498,657.09

30 days					70					19,103,069.32			1			389,749.82					0			0.00				0		0.00			0.00					71			19,492,819.14

60 days					6					1,669,820.70			0			0.00					0			0.00				0		0.00			0.00					6			1,669,820.70

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					2,398					630,097,107.10			2			564,189.83				0				0.00				0		0.00				0.00				2,400			630,661,296.93


Current				96.75%				96.62%						0.04%		0.03%				0.00%				0.00%				0.00%		0.00%				0.00%				96.79%			96.64%

30 days				2.92%							3.03%		0.04%			0.06%				0.00%				0.00%				0.00%		0.00%				0.00%				2.96%				3.09%

60 days				0.25%							0.26%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.25%		0.26%

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		99.92%							99.91%				0.08%		0.09%				0.00%				0.00%			0.00%			0.00%			0.00%					100.00%		100.00%

11/28/2006

4:09:14PM

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-QO7

November 27, 2006



			Current / Delinquent											Bankruptcy						Foreclosure					REO											Total
Group 2

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


Current						762						443,183,142.89		0		0.00					0			0.00				0		0.00			0.00					762			443,183,142.89

30 days					29					15,794,615.32			0			0.00					0			0.00				0		0.00			0.00					29			15,794,615.32

60 days					2					1,306,114.42			0			0.00					0			0.00				0		0.00			0.00					2			1,306,114.42

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					793					460,283,872.63			0			0.00				0				0.00				0		0.00				0.00				793			460,283,872.63


Current				96.09%				96.28%						0.00%		0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				96.09%			96.28%

30 days				3.66%							3.43%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				3.66%				3.43%

60 days				0.25%							0.28%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.25%		0.28%

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%

11/28/2006

4:09:14PM

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-QO7

November 27, 2006



			Current / Delinquent											Bankruptcy						Foreclosure					REO											Total
Group 3

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


Current						1,181						440,391,473.96		1		975,904.23					0			0.00				0		0.00			0.00					1,182			441,367,378.19

30 days					25					10,130,701.18			0			0.00					0			0.00				0		0.00			0.00					25			10,130,701.18

60 days					3					1,401,468.15			0			0.00					0			0.00				0		0.00			0.00					3			1,401,468.15

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					1,209					451,923,643.29			1			975,904.23				0				0.00				0		0.00				0.00				1,210			452,899,547.52


Current				97.60%				97.24%						0.08%		0.22%				0.00%				0.00%				0.00%		0.00%				0.00%				97.69%			97.45%

30 days				2.07%							2.24%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				2.07%				2.24%

60 days				0.25%							0.31%		0.00%			0.00%				0.00%				0.00%				0.00%		0.00%				0.00%				0.25%		0.31%

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		99.92%							99.78%				0.08%		0.22%				0.00%				0.00%			0.00%			0.00%			0.00%					100.00%		100.00%

11/28/2006

4:09:14PM

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-QO7

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

			125	45,418,135.64			0		0.00			0		0.00			0		0.00			0		0.00
	1 Month				13 Months					25 Months					37 Months					49 Months


			2.84%	2.94%			0.00%	0.00%				0.00%		0.00%			0.00%		0.00%			0.00%		0.00%


			11	4,377,403.27			0		0.00			0		0.00			0		0.00			0		0.00
	2 Months				14 Months					26 Months					38 Months					50 Months


			0.25%	0.28%			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%

11/28/2006

4:09:14PM

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-QO7

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 1		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 2		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 3		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 1	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 2	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 3	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

4:09:14PM

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-QO7

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 1		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 2		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 3		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 1	Loss Count			0								0					0			0			0


		Total Realized Loss				0.00								0.00						0.00	0.00				0.00

11/28/2006

4:09:14PM

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-QO7

November 27, 2006



		Group 2	Loss Count		0								0							0		0		0


			Total Realized Loss				0.00							0.00							0.00	0.00			0.00



		Group 3	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 1
			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 2
			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 3
			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

4:09:14PM

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-QO7

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%

Constant Default Rate

0.00%

Group

Monthly Default Rate

0.00%

Constant Default Rate

0.00%

Group

Monthly Default Rate

0.00%

Constant Default Rate

0.00%

Monthly Default Rate

0.00%

Deal Totals

Constant Default Rate

0.00%

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



14. Credit Enhancement Report

	Reserve Accounts
								DEPOSITS						WITHDRAWALS

																				Ending Balance

		Description	Source		Beginning Balance			Investment Earnings				Other Deposits	Draws					Releases



	RESERVE				0.00			0.00			0.00		0.00				0.00		0.00


	Basis Risk Shortfall Reserve				0.00			0.00			0.00		0.00				0.00		0.00


	RESERVE For YMA-Floor				0.00			0.00			0.00		0.00				0.00		0.00


	Hedge Agreements


	Description			Provider		Termination Date			Amount Received From Provider						Amount Paid to Provider


	Yield Maintenance Agreement						08/25/2019			0.00						0.00


	Yield Maintenance Floor Agreement						02/25/2009			0.00						0.00

11/28/2006

4:09:14PM

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-QO7

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
		7,750,957.02	7,750,957.02		0.00		7,750,957.02	7,750,957.02

11/28/2006

4:09:14PM

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-QO7

November 27, 2006



17. Excess Cashflow, Overcollateralization and Derivative Amounts

	Excess Cashflow and Derivative Summary

	(1)	Scheduled Unmodified Net Interest	9,645,467.59


	(2)	Interest Losses	0.00


	(3)	Subsequent Recoveries	0.00


	(4)	Interest Adjustment Amount	0.00


	(5)	Certificate Interest Amount	8,766,305.18


	(6)	Yield Maintenance/Swap Payment Amount - IN	0.00


	(7)	OC Reduction Amount	0.00


	(8)	Net Deferred Interest Amount	187,925.14


	(9)	Excess Cashflow Prior to OC Provisions	879,162.41


	Overcollateralization and Derivative Amounts

		Excess Cashflow Prior to OC Provisions	879,162.41


	(1)	Unreimbursed Principal Portion of Realized Losses	0.00


	(2)	Principal Portion of Realized Losses	0.00


	(3)	Overcollateralization Increase	0.00


	(4)	Prepayment Interest Shortfall	0.00


	(5)	Unpaid PPIS With Accrued Interest	0.00


	(6)	Relief Act Shortfall	0.00


	(7)	Unreimbursed Realized Losses	0.00


	(8)	Interest Carry Forward Amount	0.00


	(9)	Basis Risk Shortfall Carry-Forward Amount	48,236.05


	(10)	Realized Loss covered by Yield Maintenance Agreement	0.00


	(11)	Unreimbursed Loss covered by Yield Maintenance Agreement	0.00


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


	(13)	To Class SB Certificates	830,926.36

11/28/2006

4:09:14PM

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-QO7

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

11/28/2006

4:09:14PM

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-QO7

November 27, 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.

11/28/2006

4:09:14PM

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 Accredit Loans, Inc. 2006-QO7

	November 27, 2006



	Cash Flow Received and Uses of Funds


	Cash Flow Received		Amount

	Principal and Interest Payments		13,376,441.73
	Prepayment Premium		128,532.23
	Liquidation and Insurance Proceeds		0.00
	Subsequent Recoveries		0.00
	Repurchase Proceeds		329,181.74
	Other Deposits/Adjustments (including Derivatives Payment)		0.00
	Total Deposits		13,834,155.70

	Uses of Funds		Amount

	Transfer to Certificate Account		13,777,608.41
	Reimbursed Advances and Expenses		0.00
	Master Servicing Compensation		56,547.29
	Derivatives Payment		0.00
	Total Withdrawals		13,834,155.70

	Ending Balance		0.00



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

Deal Totals

RALI Series 2006-QO7 Trust 10-D