UNITED STATES

                             SECURITIES AND EXCHANGE COMMISSION

                                   Washington, D.C. 20549

                                          FORM 8-K

                                       CURRENT REPORT

                           Pursuant to Section 13 or 15(d) of the

                              Securities Exchange Act of 1934

             Date of Report (Date of earliest event reported) October 30, 2006

                         Commission File Number of issuing entity:
                                       333-131213-24

                                 RALI Series 2006-QO8 Trust

                               (Exact name of issuing entity)

                            Commission File Number of depositor:
                                         333-131213

                              Residential Accredit Loans, Inc.

                   (Exact name of depositor as specified in its charter)

                              Residential Funding Company, LLC

                    (Exact name of sponsor as specified in its charter)

             DELAWARE                                       None
      (State or other jurisdiction                    (I.R.S. employer
         of incorporation)                           identification no.)

             c/o 8400 Normandale Lake Blvd., Suite 250, Minneapolis, MN 55437
                    (Address of principal executive offices) (Zip code)

             Registrant's telephone number, including area code (952) 857-7000

             _________________________________________________________________

               (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions.

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12(b)  under the Exchange Act (17
CFR 240.14a-12(b))

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

Item 8.  Other Events.

On October 30, 2006,  Residential  Accredit Loans,  Inc. caused the issuance and
sale of the Mortgage Asset-Backed  Pass-Through  Certificates,  Series 2006-QO8,
pursuant to a Series Supplement,  dated as of October 30, 2006, and the Standard
Terms of Pooling and Servicing  Agreement,  dated as of October 30, 2006,  among
Residential Accredit Loans, Inc., as company,  Residential Funding Company, LLC,
as master servicer,  and Deutsche Bank Trust Company Americas,  as trustee.  The
mortgage  loans were sold to Residential  Accredit  Loans,  Inc.  pursuant to an
Assignment  and  Assumption  Agreement,  dated as of October 30,  2006,  between
Residential Funding Company, LLC and Residential Accredit Loans, Inc.

Item 9.  Financial Statements, Pro Forma Financial Information and Exhibits.

            (a)   Not applicable

            (b)   Not applicable

(c) Exhibits  (executed copies):  The following  execution copies of Exhibits to
the Form S-3 Registration Statement of the Registrant are hereby filed:

                                                                  Sequentially
Exhibit                                                            Numbered
Number                                                            Exhibit Page

     10.1 Series  Supplement,  dated as of October 30,  2006,  and the  Standard
          Terms of Pooling  and  Servicing  Agreement,  dated as of October  30,
          2006, among Residential Accredit Loans, Inc., as company,  Residential
          Funding  Company,  LLC, as master  servicer,  and Deutsche  Bank Trust
          Company Americas, as trustee.

     10.2 Assignment  and  Assumption  Agreement,  dated as of October 30, 2006,
          between  Residential  Funding  Company,  LLC and Residential  Accredit
          Loans, Inc.

     10.3 Corridor Confirmation,  dated as of October 30, 2006, between Deutsche
          Bank Trust Company Americas, as grantor trust trustee on behalf of the
          RALI Grantor Trust I-A2A, Series 2006-QO8, and Lehman Brothers Special
          Financing  Inc.  10.4 Deferred  Interest Cap  Agreement  Confirmation,
          dated as of October 30,  2006,  between  Deutsche  Bank Trust  Company
          Americas, as grantor trust trustee on behalf of the RALI Grantor Trust
          I-A1A, Series 2006-QO8, and Lehman Brothers Special Financing Inc.

     10.5 Deferred Interest Cap Agreement Confirmation,  dated as of October 30,
          2006,  between Deutsche Bank Trust Company Americas,  as grantor trust
          trustee on behalf of the RALI Grantor  Trust I-A2A,  Series  2006-QO8,
          and Lehman Brothers Special Financing Inc.

     10.6 Deferred Interest Cap Agreement Confirmation,  dated as of October 30,
          2006,  between Deutsche Bank Trust Company Americas,  as grantor trust
          trustee on behalf of the RALI Grantor  Trust I-A5A,  Series  2006-QO8,
          and Lehman Brothers Special Financing Inc.

     99.1 Mortgage Loan Schedule.


<PAGE>

                                         SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                    RESIDENTIAL ACCREDIT LOANS, INC.


                                    By:           /s/ Heather Anderson
                                          Name:   Heather Anderson
                                          Title:  Vice President



Dated:  October 30, 2006


<PAGE>

Exhibit 10.1

Series  Supplement,  dated as of October 30,  2006,  and the  Standard  Terms of
Pooling and Servicing Agreement, dated as of October 30, 2006, among Residential
Accredit Loans, Inc., as company,  Residential  Funding Company,  LLC, as master
servicer, and Deutsche Bank Trust Company Americas, as trustee.

Exhibit 10.2

Assignment  and  Assumption  Agreement,  dated as of October 30,  2006,  between
Residential Funding Company, LLC and Residential Accredit Loans, Inc.

Exhibit 10.3

Corridor Confirmation, dated as of October 30, 2006, between Deutsche Bank Trust
Company  Americas,  as grantor trust trustee on behalf of the RALI Grantor Trust
I-A2A, Series 2006-QO8, and Lehman Brothers Special Financing Inc.

Exhibit 10.4

Deferred  Interest  Cap  Agreement  Confirmation,  dated as of October 30, 2006,
between Deutsche Bank Trust Company Americas, as grantor trust trustee on behalf
of the RALI Grantor Trust I-A1A,  Series  2006-QO8,  and Lehman Brothers Special
Financing Inc.

Exhibit 10.5

Deferred  Interest  Cap  Agreement  Confirmation,  dated as of October 30, 2006,
between Deutsche Bank Trust Company Americas, as grantor trust trustee on behalf
of the RALI Grantor Trust I-A2A,  Series  2006-QO8,  and Lehman Brothers Special
Financing Inc.

Exhibit 10.6

Deferred  Interest  Cap  Agreement  Confirmation,  dated as of October 30, 2006,
between Deutsche Bank Trust Company Americas, as grantor trust trustee on behalf
of the RALI Grantor Trust I-A5A,  Series  2006-QO8,  and Lehman Brothers Special
Financing Inc.

Exhibit 99.1

Mortgage Loan Schedule.
[{"type": "8-K", "sequence": "1", "filename": "qo88kss.txt", "secsgml_size_bytes": 7471}]
{"company-data": {"conformed-name": "RALI Series 2006-QO8 Trust", "cik": "0001376787", "assigned-sic": "6189", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-131213-24", "film-number": "061216115"}, "business-address": {"street1": "8400 NORMADALE LAKE BLVD", "street2": "STE 600", "city": "MINNEAPOLIS", "state": "MN", "zip": "55437", "phone": "952-857-7000"}, "mail-address": {"street1": "8400 NORMANDALE LAKE BLVD", "city": "MINNEAPOLIS", "state": "MN", "zip": "55437"}}
UNITED STATES

                             SECURITIES AND EXCHANGE COMMISSION

                                   Washington, D.C. 20549

                                          FORM 8-K

                                       CURRENT REPORT

                           Pursuant to Section 13 or 15(d) of the

                              Securities Exchange Act of 1934

             Date of Report (Date of earliest event reported) October 30, 2006

                         Commission File Number of issuing entity:
                                       333-131213-24

                                 RALI Series 2006-QO8 Trust

                               (Exact name of issuing entity)

                            Commission File Number of depositor:
                                         333-131213

                              Residential Accredit Loans, Inc.

                   (Exact name of depositor as specified in its charter)

                              Residential Funding Company, LLC

                    (Exact name of sponsor as specified in its charter)

             DELAWARE                                       None
      (State or other jurisdiction                    (I.R.S. employer
         of incorporation)                           identification no.)

             c/o 8400 Normandale Lake Blvd., Suite 250, Minneapolis, MN 55437
                    (Address of principal executive offices) (Zip code)

             Registrant's telephone number, including area code (952) 857-7000

             _________________________________________________________________

               (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions.

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12(b)  under the Exchange Act (17
CFR 240.14a-12(b))

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

Item 8.  Other Events.

On October 30, 2006,  Residential  Accredit Loans,  Inc. caused the issuance and
sale of the Mortgage Asset-Backed  Pass-Through  Certificates,  Series 2006-QO8,
pursuant to a Series Supplement,  dated as of October 30, 2006, and the Standard
Terms of Pooling and Servicing  Agreement,  dated as of October 30, 2006,  among
Residential Accredit Loans, Inc., as company,  Residential Funding Company, LLC,
as master servicer,  and Deutsche Bank Trust Company Americas,  as trustee.  The
mortgage  loans were sold to Residential  Accredit  Loans,  Inc.  pursuant to an
Assignment  and  Assumption  Agreement,  dated as of October 30,  2006,  between
Residential Funding Company, LLC and Residential Accredit Loans, Inc.

Item 9.  Financial Statements, Pro Forma Financial Information and Exhibits.

            (a)   Not applicable

            (b)   Not applicable

(c) Exhibits  (executed copies):  The following  execution copies of Exhibits to
the Form S-3 Registration Statement of the Registrant are hereby filed:

                                                                  Sequentially
Exhibit                                                            Numbered
Number                                                            Exhibit Page

     10.1 Series  Supplement,  dated as of October 30,  2006,  and the  Standard
          Terms of Pooling  and  Servicing  Agreement,  dated as of October  30,
          2006, among Residential Accredit Loans, Inc., as company,  Residential
          Funding  Company,  LLC, as master  servicer,  and Deutsche  Bank Trust
          Company Americas, as trustee.

     10.2 Assignment  and  Assumption  Agreement,  dated as of October 30, 2006,
          between  Residential  Funding  Company,  LLC and Residential  Accredit
          Loans, Inc.

     10.3 Corridor Confirmation,  dated as of October 30, 2006, between Deutsche
          Bank Trust Company Americas, as grantor trust trustee on behalf of the
          RALI Grantor Trust I-A2A, Series 2006-QO8, and Lehman Brothers Special
          Financing  Inc.  10.4 Deferred  Interest Cap  Agreement  Confirmation,
          dated as of October 30,  2006,  between  Deutsche  Bank Trust  Company
          Americas, as grantor trust trustee on behalf of the RALI Grantor Trust
          I-A1A, Series 2006-QO8, and Lehman Brothers Special Financing Inc.

     10.5 Deferred Interest Cap Agreement Confirmation,  dated as of October 30,
          2006,  between Deutsche Bank Trust Company Americas,  as grantor trust
          trustee on behalf of the RALI Grantor  Trust I-A2A,  Series  2006-QO8,
          and Lehman Brothers Special Financing Inc.

     10.6 Deferred Interest Cap Agreement Confirmation,  dated as of October 30,
          2006,  between Deutsche Bank Trust Company Americas,  as grantor trust
          trustee on behalf of the RALI Grantor  Trust I-A5A,  Series  2006-QO8,
          and Lehman Brothers Special Financing Inc.

     99.1 Mortgage Loan Schedule.
SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                    RESIDENTIAL ACCREDIT LOANS, INC.

                                    By:           /s/ Heather Anderson
                                          Name:   Heather Anderson
                                          Title:  Vice President

Dated:  October 30, 2006
Exhibit 10.1

Series  Supplement,  dated as of October 30,  2006,  and the  Standard  Terms of
Pooling and Servicing Agreement, dated as of October 30, 2006, among Residential
Accredit Loans, Inc., as company,  Residential  Funding Company,  LLC, as master
servicer, and Deutsche Bank Trust Company Americas, as trustee.

Exhibit 10.2

Assignment  and  Assumption  Agreement,  dated as of October 30,  2006,  between
Residential Funding Company, LLC and Residential Accredit Loans, Inc.

Exhibit 10.3

Corridor Confirmation, dated as of October 30, 2006, between Deutsche Bank Trust
Company  Americas,  as grantor trust trustee on behalf of the RALI Grantor Trust
I-A2A, Series 2006-QO8, and Lehman Brothers Special Financing Inc.

Exhibit 10.4

Deferred  Interest  Cap  Agreement  Confirmation,  dated as of October 30, 2006,
between Deutsche Bank Trust Company Americas, as grantor trust trustee on behalf
of the RALI Grantor Trust I-A1A,  Series  2006-QO8,  and Lehman Brothers Special
Financing Inc.

Exhibit 10.5

Deferred  Interest  Cap  Agreement  Confirmation,  dated as of October 30, 2006,
between Deutsche Bank Trust Company Americas, as grantor trust trustee on behalf
of the RALI Grantor Trust I-A2A,  Series  2006-QO8,  and Lehman Brothers Special
Financing Inc.

Exhibit 10.6

Deferred  Interest  Cap  Agreement  Confirmation,  dated as of October 30, 2006,
between Deutsche Bank Trust Company Americas, as grantor trust trustee on behalf
of the RALI Grantor Trust I-A5A,  Series  2006-QO8,  and Lehman Brothers Special
Financing Inc.

Exhibit 99.1

Mortgage Loan Schedule.