Common use of Accrued and Unpaid Inv Clause in Contracts

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 Ending Pool Balance 223,269,316.06 Beginning Invested Amount 222,713,392.46 Ending Invested Amount 210,881,497.80 Beginning Seller Principal Balance 12,430,702.41 Ending Seller Principal Balance 12,387,818.26 Additional Balances 413,033.25 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.2864% Ending Seller's Interest 5.5484% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 Trust Balance 4,661,092.48 90+ days (Del Stat 3+) No. of Accounts 341 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 REO No. of Accounts 72 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 688,431.28 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 450,027,320.94 Ending Pool Balance 223,269,316.06 430,145,011.75 Beginning Invested Amount 222,713,392.46 430,483,757.30 Ending Invested Amount 210,881,497.80 410,633,629.93 Beginning Seller Principal Balance 12,430,702.41 19,543,563.64 Ending Seller Principal Balance 12,387,818.26 19,511,381.82 Additional Balances 413,033.25 878,396.57 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28644.34% Ending Seller's Interest 5.54844.54% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 980 60 - 89 days (Del Stat 2) 34,489,784.62 No. of Accounts 130 267 Trust Balance 4,661,092.48 8,626,866.55 90+ days (Del Stat 3+) No. of Accounts 341 524 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 17,547,056.20 REO No. of Accounts 72 83 Trust Balance 2,513,301.57 3,084,139.44 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 783,901.73 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 395,281,529.30 Ending Pool Balance 223,269,316.06 376,761,013.11 Beginning Invested Amount 222,713,392.46 374,909,823.35 Ending Invested Amount 210,881,497.80 356,432,518.96 Beginning Seller Principal Balance 12,430,702.41 20,371,705.95 Ending Seller Principal Balance 12,387,818.26 20,328,494.15 Additional Balances 413,033.25 648,148.09 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28645.15% Ending Seller's Interest 5.54845.40% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 883 60 - 89 days (Del Stat 2) 30,642,993.81 No. of Accounts 130 219 Trust Balance 4,661,092.48 7,925,346.48 90+ days (Del Stat 3+) No. of Accounts 341 488 Trust Balance 11,136,447.57 16,673,928.90 270+ days (Del Stat 9+) No. of Accounts 199 211 Trust Balance 6,846,029.65 7,413,969.95 REO No. of Accounts 72 78 Trust Balance 2,513,301.57 2,758,160.43 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 549,155.58 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 206,562,195.69 Ending Pool Balance 223,269,316.06 199,882,195.88 Beginning Invested Amount 222,713,392.46 194,235,332.07 Ending Invested Amount 210,881,497.80 187,590,425.95 Beginning Seller Principal Balance 12,430,702.41 12,326,863.62 Ending Seller Principal Balance 12,387,818.26 12,291,769.93 Additional Balances 413,033.25 327,324.66 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28645.9676% Ending Seller's Interest 5.54846.1495% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 135 Trust Balance 4,661,092.48 4,687,684.22 90+ days (Del Stat 3+) No. of Accounts 341 301 Trust Balance 11,136,447.57 9,913,862.74 270+ days (Del Stat 9+) No. of Accounts 199 156 Trust Balance 6,846,029.65 5,445,516.93 REO No. of Accounts 72 60 Trust Balance 2,513,301.57 2,010,409.74 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant to 2.07 0 Cumulative Number of Mortgage Loans Retransferred pursuant to 2.07 0 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 525,169.76 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 795,254,226.60 Ending Pool Balance 223,269,316.06 776,850,054.77 Beginning Invested Amount 222,713,392.46 774,299,962.58 Ending Invested Amount 210,881,497.80 755,912,707.63 Servicer Certificate (Page 2 of 3) Distribution Date: 03/20/97 Beginning Seller Principal Balance 12,430,702.41 Balance20,954,264.02 Ending Seller Principal Balance 12,387,818.26 20,937,347.14 Additional Balances 413,033.25 1,757,601.42 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any purchase of Subsequent Loans or release to Certs. 0.00% Ending Funding Account Balance % (after purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period $0.00 Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-$0.00 Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28642.63% Ending Seller's Interest 5.54842.70% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 1,204 60 - 89 days (Del Stat 2) 41,881,702.99 No. of Accounts 130 217 Trust Balance 4,661,092.48 7,902,644.36 90+ days (Del Stat 3+) No. of Accounts 341 415 Trust Balance 11,136,447.57 15,012,302.86 270+ days (Del Stat 9+) No. of Accounts 199 69 Trust Balance 6,846,029.65 2,528,256.46 REO No. of Accounts 72 9 Trust Balance 2,513,301.57 475,044.93 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date Date? No Failure to perform covenant relating to No Trust's Security Interest Interest? No Failure to perform other covenants as No described in the Agreement Agreement? No Breach of Representation or Warranty Warranty? No Bankruptcy, Insolvency or Receivership No relating to Seller Seller? No Subject to Investment Company Act of 1940 Regulation? No Regulation Servicing Termination? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the Cut-off Balance and Pre-Funded Amount No Event of Default ? No Failure by Servicer to make payment within 5 Bus. Days of Required Date? No Failure by Servicer to perform covenant relating to Trust's Security Interest? No Failure by Servicer to perform other covenants as described in the Agreement? No Bankruptcy, Insolvency or Receivership relating to Master Servicer? No Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid directly from HFC) N/A Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 1,993,098.60 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(vi)) 0.00 Amount paid to Trustee 0.00 Servicer Certificate (Page 3 of 3) Distribution Date: 03/20/97 Cumulative Draw under Policy 0.00 Net Yield 6.50% Total Available Funds Aggregate Amount of Collections 28,557,300.32 Deposit for principal not used to purchase subsequent loans 0.00 Interest Earnings on the Pre-Funding Account 0.00 Deposit from Capitalized Interest Account 0.00 Total 28,557,300.32 Application of Available Funds Servicing Termination ?Fee 645,249.97 Principal and Interest to Class A-1 21,726,487.77 Seller's portion of Principal and Interest 1,993,098.60 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 4,192,463.98 Total 28,557,300.32 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. A Servicing Officer

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 Cumulative Number of Mortgage Loans Retransferre 0 Mortgage Loans Retransferred pursuant to 2.07 ($ 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 679,705.72 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 708,504,197.96 Ending Pool Balance 223,269,316.06 795,254,226.60 Beginning Invested Amount 222,713,392.46 788,365,400.93 Ending Invested Amount 210,881,497.80 774,299,962.58 Beginning Seller Principal Balance 12,430,702.41 20,973,052.63 Ending Seller Principal Balance 12,387,818.26 20,954,264.02 Additional Balances 413,033.25 1,263,056.83 Beginning Funding Account Balance 0.00 100,834,255.60 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00pur 13.59% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Pu $100,781,997.58 Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Bal $52,258.02 Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Amount Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28642.96% Ending Seller's Interest 5.54842.63% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 1,225 60 - 89 days (Del Stat 2) 45,523,589.76 No. of Accounts 130 267 Trust Balance 4,661,092.48 9,200,179.42 90+ days (Del Stat 3+) No. of Accounts 341 370 Trust Balance 11,136,447.57 13,043,089.73 270+ days (Del Stat 9+) No. of Accounts 199 48 Trust Balance 6,846,029.65 1,784,896.95 REO No. of Accounts 72 6 Trust Balance 2,513,301.57 343,081.27 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? DayNo Failure to perform covenant relating to No Trust's Security Interest ? TrustNo Failure to perform other covenants as No described in the Agreement ? describNo Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? relatiNo Subject to Investment Company Act of 1940 No Regulation ? RegNo Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts No Distribution Date: 02/20/97 Event of Default ? No Failure by Servicer to make payment within 5 No Failure by Servicer to perform covenant relatNo Failure by Servicer to perform other covenantNo Bankruptcy, Insolvency or Receivership relatiNo Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 1,459,991.12 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(v 0.00 Amount paid to Trustee 0.00 Cumulative Draw under Policy 0.00 Net Yield 3.75% Total Available Funds Aggregate Amount of Collections 22,196,064.24 Deposit for principal not used to purchase 52,258.02 Interest Earnings on the Pre-Funding Accoun 0.00 Deposit from Capitalized Interest Account 0.00 Total 22,248,322.26 Application of Available Funds Servicing Fee 572,942.62 Prinicpal and Interest to Class A-1 17,754,478.95 Seller's portion of Principal and Interest 1,459,991.12 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 2,460,909.57 Total 22,248,322.26 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects.

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant to 0 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant to 0.00 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 294,288.61 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 218,076,464.34 Ending Pool Balance 223,269,316.06 211,964,227.64 Beginning Invested Amount 222,713,392.46 199,175,537.27 Ending Invested Amount 210,881,497.80 193,091,445.55 Beginning Seller Principal Balance 12,430,702.41 18,900,927.07 Ending Seller Principal Balance 12,387,818.26 18,872,782.09 Additional Balances 413,033.25 182,462.13 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase of 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28648.67% Ending Seller's Interest 5.54848.90% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts Trust Balance 656 60 - 89 days (Del Stat 24) 21,904,003.81 No. of Accounts 130 165 Trust Balance 4,661,092.48 5,148,945.34 90+ days (Del Stat 35+) No. of Accounts 341 236 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 6,484,324.51 REO No. of Accounts 72 27 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?862,486.23

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 646,451.40 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 369,913,644.31 Ending Pool Balance 223,269,316.06 356,660,649.69 Beginning Invested Amount 222,713,392.46 350,521,562.58 Ending Invested Amount 210,881,497.80 337,308,618.79 Beginning Seller Principal Balance 12,430,702.41 19,392,081.73 Ending Seller Principal Balance 12,387,818.26 19,352,030.90 Additional Balances 413,033.25 666,275.69 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28645.24% Ending Seller's Interest 5.54845.43% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 745 60 - 89 days (Del Stat 2) 25,517,553.05 No. of Accounts 130 221 Trust Balance 4,661,092.48 7,652,279.09 90+ days (Del Stat 3+) No. of Accounts 341 444 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 14,511,651.45 REO No. of Accounts 72 92 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?3,455,727.13

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant to 0 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant to 0.00 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 181,458.02 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 223,933,937.17 Ending Pool Balance 223,269,316.06 218,076,464.34 Beginning Invested Amount 222,713,392.46 205,016,244.49 Ending Invested Amount 210,881,497.80 199,175,537.27 Beginning Seller Principal Balance 12,430,702.41 18,917,692.68 Ending Seller Principal Balance 12,387,818.26 18,900,927.07 Additional Balances 413,033.25 315,718.48 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase of 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28648.45% Ending Seller's Interest 5.54848.67% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts Trust Balance 617 60 - 89 days (Del Stat 24) 21,023,523.64 No. of Accounts 130 160 Trust Balance 4,661,092.48 5,558,478.60 90+ days (Del Stat 35+) No. of Accounts 341 236 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 6,497,348.22 REO No. of Accounts 72 28 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?813,612.76

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant to 2.07 0 Cumulative Number of Mortgage Loans Retransferred pursuant to 2.07 0 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 236,040.97* Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 463,728,281.88 Ending Pool Balance 223,269,316.06 444,340,809.27 Beginning Invested Amount 222,713,392.46 443,230,837.06 Ending Invested Amount 210,881,497.80 423,855,635.27 Beginning Seller Principal Balance 12,430,702.41 20,497,444.82 Ending Seller Principal Balance 12,387,818.26 20,485,174.00 Additional Balances 413,033.25 722,298.08 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any purchase of Subsequent Loans or release to Cert 0.00% Ending Funding Account Balance % (after purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period $0.00 Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-$0.00 Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28644.42% Ending Seller's Interest 5.54844.61% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts 1,031 Trust Balance 36,862,897.22 60 - 89 days (Del Stat 2) No. of Accounts 130 230 Trust Balance 4,661,092.48 7,335,152.26 90+ days (Del Stat 3+) No. of Accounts 341 571 Trust Balance 11,136,447.57 18,403,701.08 270+ days (Del Stat 9+) No. of Accounts 199 240 Trust Balance 6,846,029.65 8,841,205.02 REO No. of Accounts 72 71 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?3,064,006.77

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 694,344.20 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 448,709,104.82 Ending Pool Balance 223,269,316.06 432,477,733.93 Beginning Invested Amount 222,713,392.46 435,871,421.88 Ending Invested Amount 210,881,497.80 419,660,955.73 Beginning Seller Principal Balance 12,430,702.41 12,837,682.94 Ending Seller Principal Balance 12,387,818.26 12,816,778.20 Additional Balances 413,033.25 900,467.64 Beginning Funding Account Balance 0.00 Servicer Certificate (Page 2 of 3) Distribution Date: 07/21/97 Ending Funding Account Balance 0.00 Ending Funding Account Acct Balance % %(before any 0.00purch of Subsequent Loans or rel0.00% purchase Ending Funding Acct Balance %(after purch of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period 0.00 Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Cert.0.00 Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) 0.00 Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28642.8610% Ending Seller's Interest 5.54842.9636% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 187 Trust Balance 4,661,092.48 6,455,461.88 90+ days (Del Stat 3+) No. of Accounts 341 469 Trust Balance 11,136,447.57 17,241,975.50 270+ days (Del Stat 9+) No. of Accounts 199 136 Trust Balance 6,846,029.65 4,807,440.88 REO No. of Accounts 72 20 Trust Balance 2,513,301.57 793,855.30 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? No Failure to perform covenant relating to No Trust's Security Interest ? No Failure to perform other covenants as No described in the Agreement ? No Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? No Subject to Investment Company Act of 1940 No Regulation ? No Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the Cut-off Balance No Event of Default ? No Failure by Servicer to make paymt within 5 Bus. Days of Required Date ? No Failure by Servicer to perform covenant relating to Trust's Security Int No Failure by Servicer to perform other covenants as described in the Agreemt No Bankruptcy, Insolvency or Receivership relating to Master Servicer ? No Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid directly from HFC) N/A Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 1,040,715.10 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(vi)) 0.00 Amount paid to Trustee 0.00 Cumulative Draw under Policy 0.00 Net Yield 5.25% Total Available Funds Aggregate Amount of Collections 21,318,632.77 Deposit for principal not used to purchase subsequent loans 0.00 Interest Earnings on the Pre-Funding Account 0.00 Deposit from Capitalized Interest Account 0.00 Servicer Certificate (Page 3 of 3) Distribution Date: 07/21/97 Total 21,318,632.77 Application of Available Funds Servicing Fee 363,226.18 Prinicpal and Interest to Class A-1 18,422,376.16 Seller's portion of Principal and Interest 1,040,715.10 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 1,492,315.33 Total 21,318,632.77 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. A Servicing Officer

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 306,062.35 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 223,569,842.02 Ending Pool Balance 223,269,316.06 216,349,073.20 Beginning Invested Amount 222,713,392.46 203,835,104.06 Ending Invested Amount 210,881,497.80 196,644,060.86 Beginning Seller Principal Balance 12,430,702.41 19,734,737.96 Ending Seller Principal Balance 12,387,818.26 19,705,012.34 Additional Balances 413,033.25 280,223.51 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28648.83% Ending Seller's Interest 5.54849.11% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts Trust Balance 494 60 - 89 days (Del Stat 24) 16,244,913.78 No. of Accounts 130 110 Trust Balance 4,661,092.48 3,353,458.84 90+ days (Del Stat 35+) No. of Accounts 341 249 Trust Balance 11,136,447.57 6,883,841.88 270+ days (Del Stat 911+) No. of Accounts 199 129 Trust Balance 6,846,029.65 3,653,928.59 REO No. of Accounts 72 36 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,002,928.51

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 66,781.38* Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 280,858,448.17 Ending Pool Balance 223,269,316.06 268,842,116.16 Beginning Invested Amount 222,713,392.46 268,346,316.86 Ending Invested Amount 210,881,497.80 256,333,343.13 Beginning Seller Principal Balance 12,430,702.41 12,512,131.31 Ending Seller Principal Balance 12,387,818.26 12,508,773.03 Additional Balances 413,033.25 388,426.57 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) rele 0.00% Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) t 0.00% Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period 0.00 Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. 0.00 Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) 0.00 Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28644.4550% Ending Seller's Interest 5.54844.6528% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 165 Trust Balance 4,661,092.48 5,847,671.53 90+ days (Del Stat 3+) No. of Accounts 341 422 Trust Balance 11,136,447.57 13,852,704.74 270+ days (Del Stat 9+) No. of Accounts 199 215 Trust Balance 6,846,029.65 7,623,470.34 REO No. of Accounts 72 55 Trust Balance 2,513,301.57 2,267,321.34 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? No Failure to perform covenant relating to No Trust's Security Interest ? No Failure to perform other covenants as No described in the Agreement ? No Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? No Subject to Investment Company Act of 1940 No Regulation ? No Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the Cut-off Balance No

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 858,385.81 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 444,340,809.27 Ending Pool Balance 223,269,316.06 426,925,890.01 Beginning Invested Amount 222,713,392.46 423,855,635.27 Ending Invested Amount 210,881,497.80 406,483,727.22 Beginning Seller Principal Balance 12,430,702.41 20,485,174.00 Ending Seller Principal Balance 12,387,818.26 20,442,162.79 Additional Balances 413,033.25 802,513.49 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28644.61% Ending Seller's Interest 5.54844.79% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 981 60 - 89 days (Del Stat 2) 34,486,794.40 No. of Accounts 130 261 Trust Balance 4,661,092.48 9,067,425.98 90+ days (Del Stat 3+) No. of Accounts 341 535 Trust Balance 11,136,447.57 17,519,364.48 270+ days (Del Stat 9+) No. of Accounts 199 232 Trust Balance 6,846,029.65 8,667,250.37 REO No. of Accounts 72 60 Trust Balance 2,513,301.57 2,896,913.10 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 246,697.62 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 243,027,869.52 Ending Pool Balance 223,269,316.06 236,189,710.24 Beginning Invested Amount 222,713,392.46 224,051,850.59 Ending Invested Amount 210,881,497.80 217,234,708.25 Beginning Seller Principal Balance 12,430,702.41 18,976,018.93 Ending Seller Principal Balance 12,387,818.26 18,955,001.99 Additional Balances 413,033.25 393,580.00 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28647.81% Ending Seller's Interest 5.54848.03% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts Trust Balance 588 60 - 89 days (Del Stat 24) 19,020,608.01 No. of Accounts 130 143 Trust Balance 4,661,092.48 4,806,365.19 90+ days (Del Stat 35+) No. of Accounts 341 253 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 6,976,211.84 REO No. of Accounts 72 38 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,048,094.65

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 305,455.66 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 338,828,433.65 Ending Pool Balance 223,269,316.06 328,276,651.55 Beginning Invested Amount 222,713,392.46 318,616,005.19 Ending Invested Amount 210,881,497.80 308,084,217.32 Beginning Seller Principal Balance 12,430,702.41 20,212,428.46 Ending Seller Principal Balance 12,387,818.26 20,192,434.23 Additional Balances 413,033.25 281,106.76 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28645.97% Ending Seller's Interest 5.54846.15% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 672 60 - 89 days (Del Stat 2) 22,773,369.11 No. of Accounts 130 185 Trust Balance 4,661,092.48 6,287,995.30 90+ days (Del Stat 3+) No. of Accounts 341 460 Trust Balance 11,136,447.57 15,440,055.51 270+ days (Del Stat 9+) No. of Accounts 199 201 Trust Balance 6,846,029.65 7,731,039.50 REO No. of Accounts 72 71 Trust Balance 2,513,301.57 2,738,468.60 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 688,979.03 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 511,843,949.28 Ending Pool Balance 223,269,316.06 499,711,357.83 Beginning Invested Amount 222,713,392.46 498,916,991.11 Ending Invested Amount 210,881,497.80 486,804,047.88 Beginning Seller Principal Balance 12,430,702.41 12,926,958.17 Ending Seller Principal Balance 12,387,818.26 12,907,309.95 Additional Balances 413,033.25 1,231,933.75 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any purchase of 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase of Subse 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans Purchased i 0.00 Purchased in Period Principal Collections to purchase Additional Balances and 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to Collection A 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28642.5256% Ending Seller's Interest 5.54842.5830% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 223 Trust Balance 4,661,092.48 7,112,950.27 90+ days (Del Stat 3+) No. of Accounts 341 371 Trust Balance 11,136,447.57 13,554,416.94 270+ days (Del Stat 9+) No. of Accounts 199 95 Trust Balance 6,846,029.65 3,837,777.01 REO No. of Accounts 72 10 Trust Balance 2,513,301.57 409,678.31 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? RequNo Failure to perform covenant relating to No Trust's Security Interest ? SecuriNo Failure to perform other covenants as No described in the Agreement ? txxXx Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? SelNo Subject to Investment Company Act of 1940 Regulation ?No Regulation ? Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1%No

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 204,584.74 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 70,967,593.61 Ending Pool Balance 223,269,316.06 68,924,319.26 Beginning Invested Amount 222,713,392.46 62,103,819.91 Ending Invested Amount 210,881,497.80 60,089,886.12 Beginning Seller Principal Balance 12,430,702.41 8,863,773.70 Ending Seller Principal Balance 12,387,818.26 8,834,433.14 Additional Balances 413,033.25 101,365.02 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.Loans) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Reserve Account Balance 0.00 1,211,294.00 Ending Pre-Funding Reserve Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 1,211,294.00 Beginning Seller Interest 5.286412.4899% Ending Seller's Interest 5.548412.8176% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts 204 Trust Balance 5,897,682.15 60 - 89 days (Del Stat 24) No. of Accounts 130 53 Trust Balance 4,661,092.48 1,396,522.70 90+ days (Del Stat 35+) No. of Accounts 341 104 Trust Balance 11,136,447.57 2,762,150.53 270+ days (Del Stat 911+) No. of Accounts 199 117 Trust Balance 6,846,029.65 3,777,819.73 REO No. of Accounts 72 15 Trust Balance 2,513,301.57 410,892.10 Rapid Amortization Event ? No Failure to make payment within 5 Business No Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?? No Distribution Date: 05/22/2000 Event of Default ? No Failure by Servicer to make payment within 5 No Bus. Days of Required Date ? Failure by Servicer to perform covenant No relating to Trust's Security Interest ? Failure by Servicer to perform other No covenants as described in the Agreement? Bankruptcy, Insolvency or Receivership No relating to Master Servicer ? Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A directly from HFC) Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 205,538.91 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Application of Available Funds Aggregate Amount of Collections 2,744,779.83 Deposit for principal not used to purchase subsequent loans Servicing Fee 51,753.18 Prinicpal and Interest to Class A-1 2,251,783.69 Prinicpal and Interest to Class A-2 98,883.44 Seller's portion of Principal and Interest 205,538.91 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 136,820.61 Total 2,744,779.83 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. A Servicing Officer Statement to Certificateholders (Page 1 of 2) Distribution Date: 05/22/2000 INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000) Class A Certificateholder Floating Allocation 87.5101% Percentage Class A Certificateholder Fixed Allocation 97.9045% Percentage Beginning Class A-1 Certificate Balance 57,167,503.52 Beginning Class A-2 Certificate Balance 2,513,729.39 Class A-1 Certificate Rate 6.35000% Class A-2 Certificate Rate 6.29000% Class A-1 Certificate Interest Distributed 0.709457 Class A-2 Certificate Interest Distributed 0.702727 Class A-1 Certificate Interest Shortfall 0.000000 Distributed Class A-2 Certificate Interest Shortfall 0.000000 Distributed Remaining Unpaid Class A-1 Certificate Interest 0.000000 Shortfall Remaining Unpaid Class A-2 Certificate Interest 0.000000 Shortfall Rapid Amortization Event ? No Class A-1 Certificate Principal Distributed 4.241422 Class A-2 Certificate Principal Distributed 4.241445 Maximum Principal Distribution Amount 3.939715 Scheduled Principal Distribution Amount 3.810560 (SPDA) Accelerated Principal Distribution Amount 0.000000 Aggregate Investor Liquidation Loss Amount 0.430863 Distributed Total Amount Distributed to Certificateholders 4.950597 Principal Collections deposited into Funding 0.00 Account Ending Funding Account Balance 0.00 Ending Class A-1 Certificate Balance 55,238,398.63 Ending Class A-2 Certificate Balance 2,428,900.49 Class A-1 Factor 0.1214498 Class A-2 Factor 0.1214450 Pool Factor (PF) 0.1422536 Unreimbursed Liquidation Loss Amount 0.00 Accrued Interest on Unreimbursed Liquidation 0.00 Loss Amount Accrued & Unpaid Interest on Unreimbursed 0.00 Liquidation Loss Amount Class A Servicing Fee 51,753.18 Beginning Invested Amount 62,103,819.91 Ending Invested Amount 60,089,886.12 Beginning Pool Balance 70,967,593.61 Ending Pool Balance 68,924,319.26 Credit Enhancement Draw Amount 0.00 Statement to Certificateholders (Page 2 of 2) Distribution Date: 05/22/2000 DELINQUENCY & REO STATUS 30 - 59 days (Del Stat 3) No. of Accounts 204 Trust Balance 5,897,682.15 60 - 89 days (Del Stat 4) No. of Accounts 53 Trust Balance 1,396,522.70 90+ days (Del Stat 5+) No. of Accounts 104 Trust Balance 2,762,150.53 REO No. of Accounts 15 Trust Balance 410,892.10

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 338,264.90 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 243,729,630.48 Ending Pool Balance 223,269,316.06 236,803,153.00 Beginning Invested Amount 222,713,392.46 223,900,382.91 Ending Invested Amount 210,881,497.80 217,004,133.68 Beginning Seller Principal Balance 12,430,702.41 19,829,247.57 Ending Seller Principal Balance 12,387,818.26 19,799,019.32 Additional Balances 413,033.25 310,817.59 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28648.14% Ending Seller's Interest 5.54848.36% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 611 60 - 89 days (Del Stat 2) 20,176,631.81 No. of Accounts 130 134 Trust Balance 4,661,092.48 3,946,011.16 90+ days (Del Stat 3+) No. of Accounts 341 282 Trust Balance 11,136,447.57 9,003,169.22 270+ days (Del Stat 9+) No. of Accounts 199 151 Trust Balance 6,846,029.65 5,112,139.20 REO No. of Accounts 72 47 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,531,034.16

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 552,115.85 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 236,803,153.00 Ending Pool Balance 223,269,316.06 229,885,461.31 Beginning Invested Amount 222,713,392.46 217,004,133.68 Ending Invested Amount 210,881,497.80 210,137,085.20 Beginning Seller Principal Balance 12,430,702.41 19,799,019.32 Ending Seller Principal Balance 12,387,818.26 19,748,376.11 Additional Balances 413,033.25 325,779.53 3 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28648.36% Ending Seller's Interest 5.54848.59% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 559 60 - 89 days (Del Stat 2) 18,951,717.27 No. of Accounts 130 119 Trust Balance 4,661,092.48 3,650,307.95 90+ days (Del Stat 3+) No. of Accounts 341 276 Trust Balance 11,136,447.57 8,474,590.64 270+ days (Del Stat 9+) No. of Accounts 199 139 Trust Balance 6,846,029.65 4,546,183.87 REO No. of Accounts 72 44 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,297,597.72

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 725,347.91 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 344,281,878.31 Ending Pool Balance 223,269,316.06 332,184,411.04 Beginning Invested Amount 222,713,392.46 324,970,211.15 Ending Invested Amount 210,881,497.80 312,916,500.08 Beginning Seller Principal Balance 12,430,702.41 19,311,667.16 Ending Seller Principal Balance 12,387,818.26 19,267,910.96 Additional Balances 413,033.25 570,876.86 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28645.61% Ending Seller's Interest 5.54845.80% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 787 60 - 89 days (Del Stat 2) 26,533,753.84 No. of Accounts 130 197 Trust Balance 4,661,092.48 7,081,286.52 90+ days (Del Stat 3+) No. of Accounts 341 397 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 13,459,334.17 REO No. of Accounts 72 73 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?2,718,784.49

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant to 2.07 0 Cumulative Number of Mortgage Loans Retransferred pursuant to 2.07 0 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 788,723.56 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 482,552,589.03 Ending Pool Balance 223,269,316.06 463,728,281.88 Beginning Invested Amount 222,713,392.46 462,018,994.99 Ending Invested Amount 210,881,497.80 443,230,837.06 Beginning Seller Principal Balance 12,430,702.41 20,533,594.04 Ending Seller Principal Balance 12,387,818.26 20,497,444.82 Additional Balances 413,033.25 719,743.70 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any purchase of Subsequent Loans or release to Cert 0.00% Ending Funding Account Balance % (after purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period $0.00 Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-$0.00 Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28644.26% Ending Seller's Interest 5.54844.42% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts 962 Trust Balance 33,157,252.60 60 - 89 days (Del Stat 2) No. of Accounts 130 227 Trust Balance 4,661,092.48 7,353,675.83 90+ days (Del Stat 3+) No. of Accounts 341 567 Trust Balance 11,136,447.57 17,532,657.28 270+ days (Del Stat 9+) No. of Accounts 199 251 Trust Balance 6,846,029.65 8,673,595.80 REO No. of Accounts 72 71 Trust Balance 2,513,301.57 3,020,172.87 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? No Failure to perform covenant relating to No Trust's Security Interest ? No Failure to perform other covenants as No described in the Agreement ? No Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? No Subject to Investment Company Act of 1940 No Regulation ? No Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the Cut-off Balance and Pre-Fun No

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 294,667.43 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 101,476,337.46 Ending Pool Balance 223,269,316.06 98,292,315.66 Beginning Invested Amount 222,713,392.46 92,416,824.65 Ending Invested Amount 210,881,497.80 89,261,932.08 Beginning Seller Principal Balance 12,430,702.41 9,059,512.81 Ending Seller Principal Balance 12,387,818.26 9,030,383.58 Additional Balances 413,033.25 222,503.37 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.Loans) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Reserve Account Balance 0.00 1,211,294.00 Ending Pre-Funding Reserve Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 1,211,294.00 Beginning Seller Interest 5.28647.9883% Ending Seller's Interest 5.54849.1873% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts 239 Trust Balance 7,320,501.89 60 - 89 days (Del Stat 2) No. of Accounts 130 54 Trust Balance 4,661,092.48 1,878,008.51 90+ days (Del Stat 3+) No. of Accounts 341 166 Trust Balance 11,136,447.57 5,320,565.93 270+ days (Del Stat 9+) No. of Accounts 199 117 Trust Balance 6,846,029.65 3,777,819.73 REO No. of Accounts 72 36 Trust Balance 2,513,301.57 1,537,703.74 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?? No Distribution Date: 06/21/99 Event of Default ? No Failure by Servicer to make payment within 5 No Bus. Days of Required Date ? Failure by Servicer to perform covenant No relating to Trust's Security Interest ? Failure by Servicer to perform other covenants No as described in the Agreement? Bankruptcy, Insolvency or Receivership No relating to Master Servicer ? Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A directly from HFC) Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 322,157.61 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Application of Available Funds Aggregate Amount of Collections 4,198,963.73 Deposit for principal not used to purchase subsequent loans Servicing Fee 77,014.02 Prinicpal and Interest to Class A-1 3,415,956.22 Prinicpal and Interest to Class A-2 150,037.33 Seller's portion of Principal and Interest 322,157.61 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 233,798.55 Total 4,198,963.73 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects.

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 291,478.65 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 106,040,154.06 Ending Pool Balance 223,269,316.06 101,476,337.46 Beginning Invested Amount 222,713,392.46 96,945,574.70 Ending Invested Amount 210,881,497.80 92,416,824.65 Beginning Seller Principal Balance 12,430,702.41 9,094,579.36 Ending Seller Principal Balance 12,387,818.26 9,059,512.81 Additional Balances 413,033.25 204,929.48 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.Loans) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Reserve Account Balance 0.00 1,211,294.00 Ending Pre-Funding Reserve Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 1,211,294.00 Beginning Seller Interest 5.28647.7001% Ending Seller's Interest 5.54848.9277% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts 232 Trust Balance 7,131,574.42 60 - 89 days (Del Stat 2) No. of Accounts 130 63 Trust Balance 4,661,092.48 1,609,892.32 90+ days (Del Stat 3+) No. of Accounts 341 182 Trust Balance 11,136,447.57 6,030,161.91 270+ days (Del Stat 9+) No. of Accounts 199 117 Trust Balance 6,846,029.65 3,777,819.73 REO No. of Accounts 72 44 Trust Balance 2,513,301.57 1,728,737.55 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?? No Distribution Date: 05/20/99 Event of Default ? No Failure by Servicer to make payment within 5 No Bus. Days of Required Date ? Failure by Servicer to perform covenant No relating to Trust's Security Interest ? Failure by Servicer to perform other covenants No as described in the Agreement? Bankruptcy, Insolvency or Receivership No relating to Master Servicer ? Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A directly from HFC) Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 321,233.99 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Application of Available Funds Aggregate Amount of Collections 5,798,277.73 Deposit for principal not used to purchase subsequent loans Servicing Fee 80,787.98 Prinicpal and Interest to Class A-1 4,726,380.69 Prinicpal and Interest to Class A-2 207,543.29 Seller's portion of Principal and Interest 321,233.99 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 462,331.78 Total 5,798,277.73 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects.

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 210,602.83 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 154,194,167.66 Ending Pool Balance 223,269,316.06 149,938,066.32 Beginning Invested Amount 222,713,392.46 142,067,733.27 Ending Invested Amount 210,881,497.80 137,829,817.55 Beginning Seller Principal Balance 12,430,702.41 12,126,434.39 Ending Seller Principal Balance 12,387,818.26 12,108,248.77 Additional Balances 413,033.25 221,709.54 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28647.8644% Ending Seller's Interest 5.54848.0755% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 101 Trust Balance 4,661,092.48 3,321,432.10 90+ days (Del Stat 3+) No. of Accounts 341 203 Trust Balance 11,136,447.57 6,346,292.92 270+ days (Del Stat 9+) No. of Accounts 199 123 Trust Balance 6,846,029.65 3,709,368.21 REO No. of Accounts 72 41 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,540,740.09

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 485,676.58 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 160,055,529.71 Ending Pool Balance 223,269,316.06 154,194,167.66 Beginning Invested Amount 222,713,392.46 147,889,106.10 Ending Invested Amount 210,881,497.80 142,067,733.27 Beginning Seller Principal Balance 12,430,702.41 12,166,423.61 Ending Seller Principal Balance 12,387,818.26 12,126,434.39 Additional Balances 413,033.25 288,438.23 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28647.6014% Ending Seller's Interest 5.54847.8644% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 104 Trust Balance 4,661,092.48 3,557,571.40 90+ days (Del Stat 3+) No. of Accounts 341 218 Trust Balance 11,136,447.57 6,705,601.82 270+ days (Del Stat 9+) No. of Accounts 199 129 Trust Balance 6,846,029.65 4,021,306.00 REO No. of Accounts 72 48 Trust Balance 2,513,301.57 1,772,081.35 Rapid Amortization Event ? No Failure to make payment within 5 Business No Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 651,703.85 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 471,091,336.28 Ending Pool Balance 223,269,316.06 450,027,320.94 Beginning Invested Amount 222,713,392.46 451,517,459.82 Ending Invested Amount 210,881,497.80 430,483,757.30 Beginning Seller Principal Balance 12,430,702.41 19,573,876.46 Ending Seller Principal Balance 12,387,818.26 19,543,563.64 Additional Balances 413,033.25 707,000.58 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28644.16% Ending Seller's Interest 5.54844.34% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 1,081 60 - 89 days (Del Stat 2) 37,573,695.59 No. of Accounts 130 277 Trust Balance 4,661,092.48 8,762,339.47 90+ days (Del Stat 3+) No. of Accounts 341 547 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 18,435,525.54 REO No. of Accounts 72 74 Trust Balance 2,513,301.57 3,008,337.47 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 446,660.50 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 263,901,160.21 Ending Pool Balance 223,269,316.06 257,346,786.65 Beginning Invested Amount 222,713,392.46 244,842,982.52 Ending Invested Amount 210,881,497.80 238,323,476.26 Beginning Seller Principal Balance 12,430,702.41 19,058,177.69 Ending Seller Principal Balance 12,387,818.26 19,023,310.39 Additional Balances 413,033.25 379,831.74 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28647.22% Ending Seller's Interest 5.54847.39% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 657 60 - 89 days (Del Stat 2) 22,139,620.30 No. of Accounts 130 141 Trust Balance 4,661,092.48 4,520,359.19 90+ days (Del Stat 3+) No. of Accounts 341 280 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 8,538,829.04 REO No. of Accounts 72 48 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,958,905.76

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 245,441.98 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 257,346,786.65 Ending Pool Balance 223,269,316.06 250,626,256.17 Beginning Invested Amount 222,713,392.46 238,323,476.26 Ending Invested Amount 210,881,497.80 231,622,554.75 Beginning Seller Principal Balance 12,430,702.41 19,023,310.39 Ending Seller Principal Balance 12,387,818.26 19,003,701.42 Additional Balances 413,033.25 341,926.10 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28647.39% Ending Seller's Interest 5.54847.58% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 683 60 - 89 days (Del Stat 2) 22,168,660.15 No. of Accounts 130 147 Trust Balance 4,661,092.48 4,564,774.44 90+ days (Del Stat 3+) No. of Accounts 341 282 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 8,582,138.40 REO No. of Accounts 72 48 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,808,288.38

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 526,859.34 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 257,400,137.80 Ending Pool Balance 223,269,316.06 245,809,968.59 Beginning Invested Amount 222,713,392.46 244,916,762.09 Ending Invested Amount 210,881,497.80 233,354,274.58 Beginning Seller Principal Balance 12,430,702.41 12,483,375.71 Ending Seller Principal Balance 12,387,818.26 12,455,694.01 Additional Balances 413,033.25 354,816.17 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28644.8498% Ending Seller's Interest 5.54845.0672% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 136 Trust Balance 4,661,092.48 4,326,012.98 90+ days (Del Stat 3+) No. of Accounts 341 405 Trust Balance 11,136,447.57 13,253,247.30 270+ days (Del Stat 9+) No. of Accounts 199 213 Trust Balance 6,846,029.65 7,723,402.01 REO No. of Accounts 72 59 Trust Balance 2,513,301.57 2,305,992.13 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 21,715.83 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 126,694,523.87 Ending Pool Balance 223,269,316.06 122,747,124.85 Beginning Invested Amount 222,713,392.46 114,712,756.91 Ending Invested Amount 210,881,497.80 110,768,208.44 Beginning Seller Principal Balance 12,430,702.41 11,981,766.96 Ending Seller Principal Balance 12,387,818.26 11,978,916.41 Additional Balances 413,033.25 187,571.75 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28649.4572% Ending Seller's Interest 5.54849.7590% Delinquency & REO Status 60 - 89 days (Del Stat 24) No. of Accounts 130 84 Trust Balance 4,661,092.48 3,007,824.12 90+ days (Del Stat 35+) No. of Accounts 341 152 Trust Balance 11,136,447.57 4,389,971.97 270+ days (Del Stat 911+) No. of Accounts 199 100 Trust Balance 6,846,029.65 2,697,611.00 REO No. of Accounts 72 30 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?814,853.34

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 681,088.35 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 356,660,649.69 Ending Pool Balance 223,269,316.06 344,281,878.31 Beginning Invested Amount 222,713,392.46 337,308,618.79 Ending Invested Amount 210,881,497.80 324,970,211.15 Beginning Seller Principal Balance 12,430,702.41 19,352,030.90 Ending Seller Principal Balance 12,387,818.26 19,311,667.16 Additional Balances 413,033.25 674,674.00 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28645.43% Ending Seller's Interest 5.54845.61% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 788 60 - 89 days (Del Stat 2) 27,407,404.28 No. of Accounts 130 196 Trust Balance 4,661,092.48 7,168,782.67 90+ days (Del Stat 3+) No. of Accounts 341 428 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 14,205,895.38 REO No. of Accounts 72 77 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?3,038,268.29

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 388,688.26 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 267,393,745.26 Ending Pool Balance 223,269,316.06 260,495,530.06 Beginning Invested Amount 222,713,392.46 247,442,883.73 Ending Invested Amount 210,881,497.80 240,575,815.24 Beginning Seller Principal Balance 12,430,702.41 19,950,861.53 Ending Seller Principal Balance 12,387,818.26 19,919,714.82 Additional Balances 413,033.25 358,955.70 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28647.46% Ending Seller's Interest 5.54847.65% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 562 60 - 89 days (Del Stat 2) 20,007,464.58 No. of Accounts 130 185 Trust Balance 4,661,092.48 6,039,083.19 90+ days (Del Stat 3+) No. of Accounts 341 321 Trust Balance 11,136,447.57 10,912,665.95 270+ days (Del Stat 9+) No. of Accounts 199 165 Trust Balance 6,846,029.65 5,732,901.22 REO No. of Accounts 72 64 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?2,230,697.33

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 226,463.72 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 205,466,434.95 Ending Pool Balance 223,269,316.06 199,911,062.16 Beginning Invested Amount 222,713,392.46 185,805,869.85 Ending Invested Amount 210,881,497.80 180,276,328.70 Beginning Seller Principal Balance 12,430,702.41 19,660,565.10 Ending Seller Principal Balance 12,387,818.26 19,634,733.46 Additional Balances 413,033.25 150,395.43 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28649.57% Ending Seller's Interest 5.54849.82% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts Trust Balance 548 60 - 89 days (Del Stat 24) 18,028,766.13 No. of Accounts 130 132 Trust Balance 4,661,092.48 4,360,817.87 90+ days (Del Stat 35+) No. of Accounts 341 214 Trust Balance 11,136,447.57 6,082,625.43 270+ days (Del Stat 911+) No. of Accounts 199 122 Trust Balance 6,846,029.65 3,368,367.26 REO No. of Accounts 72 31 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?878,355.18

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 577,424.73 Investor Loss Reduction Amount 0.00 Servicer Certificate (Page 2 of 3) Distribution Date: 01/20/98 Beginning Pool Balance 235,144,094.87 364,981,133.55 Ending Pool Balance 223,269,316.06 354,861,129.10 Beginning Invested Amount 222,713,392.46 352,297,323.59 Ending Invested Amount 210,881,497.80 342,198,531.70 Beginning Seller Principal Balance 12,430,702.41 12,683,809.96 Ending Seller Principal Balance 12,387,818.26 12,662,597.40 Additional Balances 413,033.25 745,323.73 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) 0.00% Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) 0.00% Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period 0.00 Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. 0.00 Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) 0.00 Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28643.4752% Ending Seller's Interest 5.54843.5683% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 186 Trust Balance 4,661,092.48 6,348,507.82 90+ days (Del Stat 3+) No. of Accounts 341 471 Trust Balance 11,136,447.57 16,169,482.39 270+ days (Del Stat 9+) No. of Accounts 199 194 Trust Balance 6,846,029.65 7,494,473.71 REO No. of Accounts 72 45 Trust Balance 2,513,301.57 2,173,633.79 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? No Failure to perform covenant relating to No Trust's Security Interest ? No Failure to perform other covenants as No described in the Agreement ? No Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? No Subject to Investment Company Act of 1940 No Regulation ? No Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the Cut-off Balance No Event of Default ? No Failure by Servicer to make payment within 5 Bus. Days of Required Date ? No Failure by Servicer to perform covenant relating to Trust's Security Interest No Failure by Servicer to perform other covenants as described in the Agreement No Bankruptcy, Insolvency or Receivership relating to Master Servicer ? No Trigger Event ? No Servicer Certificate (Page 3 of 3) Distribution Date: 01/20/98 Policy Fee Distributed to Credit Enhancer (Paid directly from HFC) N/A Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 888,595.59 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(vi)) 0.00 Amount paid to Trustee 0.00 Cumulative Draw under Policy 0.00 Net Yield 4.21% Total Available Funds Aggregate Amount of Collections 14,389,384.76 Deposit for principal not used to purchase subsequent loans 0.00 Interest Earnings on the Pre-Funding Account 0.00 Deposit from Capitalized Interest Account 0.00 Total 14,389,384.76 Application of Available Funds Servicing Fee 293,581.10 Principal and Interest to Class A-1 11,847,344.55 Seller's portion of Principal and Interest 888,595.59 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 1,359,863.52 Total 14,389,384.76 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. A Servicing Officer

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 275,523.92 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 137,200,539.02 Ending Pool Balance 223,269,316.06 133,665,884.67 Beginning Invested Amount 222,713,392.46 125,142,613.24 Ending Invested Amount 210,881,497.80 121,634,602.66 Beginning Seller Principal Balance 12,430,702.41 12,057,925.78 Ending Seller Principal Balance 12,387,818.26 12,031,282.01 Additional Balances 413,033.25 137,674.93 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28648.7885% Ending Seller's Interest 5.54849.0010% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 74 Trust Balance 4,661,092.48 2,396,830.28 90+ days (Del Stat 3+) No. of Accounts 341 175 Trust Balance 11,136,447.57 5,393,391.47 270+ days (Del Stat 9+) No. of Accounts 199 95 Trust Balance 6,846,029.65 2,830,486.80 REO No. of Accounts 72 28 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,028,336.72

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 440,090.03 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 475,352,777.84 Ending Pool Balance 223,269,316.06 461,948,013.88 Beginning Invested Amount 222,713,392.46 462,485,617.99 Ending Invested Amount 210,881,497.80 449,093,774.72 Beginning Seller Principal Balance 12,430,702.41 12,867,159.85 Ending Seller Principal Balance 12,387,818.26 12,854,239.16 Additional Balances 413,033.25 1,193,104.99 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Servicer Certificate (Page 2 of 3) Distribution Date: 05/20/97 Ending Funding Account Balance % (before Balance%(before any 0.00% purchase of Subsequent Loans or release to Certs.) 0.00% Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) 0.00% Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period 0.00 Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Cert.0.00 Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) 0.00 Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28642.7069% Ending Seller's Interest 5.54842.7826% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 219 Trust Balance 4,661,092.48 7,699,120.57 90+ days (Del Stat 3+) No. of Accounts 341 440 Trust Balance 11,136,447.57 16,049,148.67 270+ days (Del Stat 9+) No. of Accounts 199 123 Trust Balance 6,846,029.65 4,454,062.47 REO No. of Accounts 72 17 Trust Balance 2,513,301.57 581,794.26 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? No Failure to perform covenant relating to No Trust's Security Interest ? No Failure to perform other covenants as No described in the Agreement ? No Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? No Subject to Investment Company Act of 1940 No Regulation ? No Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the Cut-off BalancNo Event of Default ? No Failure by Servicer to make payment within 5 Bus. Days of Required Date ? No Failure by Servicer to perform covenant relating to Trust's Security InteresNo Failure by Servicer to perform other covenants as described in the AgreementNo Bankruptcy, Insolvency or Receivership relating to Master Servicer ? No Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid directly from HFC) N/A Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 1,346,165.69 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(vi)) 0.00 Amount paid to Trustee 0.00 Cumulative Draw under Policy 0.00 Net Yield 5.90% Total Available Funds Aggregate Amount of Collections 19,799,322.81 Deposit for principal not used to purchase subsequent loans 0.00 Interest Earnings on the Pre-Funding Account 0.00 Deposit from Capitalized Interest Account 0.00 Servicer Certificate (Page 3 of 3) Distribution Date: 05/20/97 Total 19,799,322.81 Application of Available Funds Servicing Fee 385,404.68 Prinicpal and Interest to Class A-1 15,588,344.74 Seller's portion of Principal and Interest 1,346,165.69 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 2,479,407.70 Total 19,799,322.81 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. A Servicing Officer

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 664,046.75 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 492,488,671.99 Ending Pool Balance 223,269,316.06 471,091,336.28 Beginning Invested Amount 222,713,392.46 472,885,510.99 Ending Invested Amount 210,881,497.80 451,517,459.82 Beginning Seller Principal Balance 12,430,702.41 19,603,161.00 Ending Seller Principal Balance 12,387,818.26 19,573,876.46 Additional Balances 413,033.25 939,611.78 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28643.98% Ending Seller's Interest 5.54844.16% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 1,069 60 - 89 days (Del Stat 2) 35,732,066.23 No. of Accounts 130 325 Trust Balance 4,661,092.48 10,159,466.28 90+ days (Del Stat 3+) No. of Accounts 341 564 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 18,627,050.36 REO No. of Accounts 72 69 Trust Balance 2,513,301.57 2,769,543.07 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees 0.00 Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 84,126.65 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 61,488,375.73 Ending Pool Balance 223,269,316.06 60,192,226.64 Beginning Invested Amount 222,713,392.46 52,693,575.76 Ending Invested Amount 210,881,497.80 51,411,278.19 Beginning Seller Principal Balance 12,430,702.41 8,794,799.97 Ending Seller Principal Balance 12,387,818.26 8,780,948.45 Additional Balances 413,033.25 117,479.54 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.Loans) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Reserve Account Balance 0.00 1,211,294.00 Ending Pre-Funding Reserve Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 1,211,294.00 Beginning Seller Interest 5.286414.3032% Ending Seller's Interest 5.548414.5882% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts 210 Trust Balance 5,974,493.41 60 - 89 days (Del Stat 24) No. of Accounts 130 51 Trust Balance 4,661,092.48 1,612,824.21 90+ days (Del Stat 35+) No. of Accounts 341 94 Trust Balance 11,136,447.57 2,438,160.12 270+ days (Del Stat 911+) No. of Accounts 199 117 Trust Balance 6,846,029.65 3,777,819.73 REO No. of Accounts 72 11 Trust Balance 2,513,301.57 260,017.10 Rapid Amortization Event ? No Failure to make payment within 5 Business Days of No of Required Date ? Failure to perform covenant relating to No Trust's No Security Interest ? Failure to perform other covenants as No described in No the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to No Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?? No Distribution Date: 10/20/2000 Event of Default ? No Failure by Servicer to make payment within 5 Bus. No Days of Required Date ? Failure by Servicer to perform covenant relating to No Trust's Security Interest ? Failure by Servicer to perform other covenants as No described in the Agreement? Bankruptcy, Insolvency or Receivership relating to No Master Servicer ? Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A directly from HFC) Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 223,114.25 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Application of Available Funds Aggregate Amount of Collections 2,054,189.92 Deposit for principal not used to purchase subsequent loans Servicing Fee 43,911.31 Prinicpal and Interest to Class A-1 1,502,912.07 Prinicpal and Interest to Class A-2 65,974.75 Seller's portion of Principal and Interest 223,114.25 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 218,277.54 Total 2,054,189.92 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects.

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 520,260.16 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 362,730,884.11 Ending Pool Balance 223,269,316.06 351,373,185.07 Beginning Invested Amount 222,713,392.46 342,443,487.99 Ending Invested Amount 210,881,497.80 331,117,493.00 Beginning Seller Principal Balance 12,430,702.41 20,287,396.12 Ending Seller Principal Balance 12,387,818.26 20,255,692.07 Additional Balances 413,033.25 599,058.12 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28645.59% Ending Seller's Interest 5.54845.76% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 933 60 - 89 days (Del Stat 2) 31,245,308.50 No. of Accounts 130 254 Trust Balance 4,661,092.48 8,961,876.49 90+ days (Del Stat 3+) No. of Accounts 341 500 Trust Balance 11,136,447.57 16,742,443.97 270+ days (Del Stat 9+) No. of Accounts 199 210 Trust Balance 6,846,029.65 7,429,452.74 REO No. of Accounts 72 73 Trust Balance 2,513,301.57 2,729,827.53 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 232,544.41 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 279,533,066.56 Ending Pool Balance 223,269,316.06 271,661,162.20 Beginning Invested Amount 222,713,392.46 260,414,133.18 Ending Invested Amount 210,881,497.80 252,559,463.21 Beginning Seller Principal Balance 12,430,702.41 19,118,933.38 Ending Seller Principal Balance 12,387,818.26 19,101,698.99 Additional Balances 413,033.25 335,680.24 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28646.84% Ending Seller's Interest 5.54847.03% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 718 60 - 89 days (Del Stat 2) 24,313,660.04 No. of Accounts 130 129 Trust Balance 4,661,092.48 3,888,971.09 90+ days (Del Stat 3+) No. of Accounts 341 334 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 10,002,994.02 REO No. of Accounts 72 64 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?2,517,958.70

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 557,075.67 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 461,948,013.88 Ending Pool Balance 223,269,316.06 448,709,104.82 Beginning Invested Amount 222,713,392.46 449,093,774.72 Ending Invested Amount 210,881,497.80 435,871,421.88 Beginning Seller Principal Balance 12,430,702.41 12,854,239.16 Ending Seller Principal Balance 12,387,818.26 Balance12,837,682.94 Additional Balances 413,033.25 842,872.66 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) 0.00% Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) 0.00% Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period 0.00 Principal Collections to purchase Additional 0.00 Addit'l Balances and/or paid to Cert. 0.00 Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) 0.00 Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28642.7826% Ending Seller's Interest 5.54842.8610% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 200 Trust Balance 4,661,092.48 7,532,430.01 90+ days (Del Stat 3+) No. of Accounts 341 460 Trust Balance 11,136,447.57 16,432,515.28 270+ days (Del Stat 9+) No. of Accounts 199 129 Trust Balance 6,846,029.65 4,662,843.76 REO No. of Accounts 72 15 Trust Balance 2,513,301.57 561,903.93 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? No Failure to perform covenant relating to No Trust's Security Interest ? No Failure to perform other covenants as No described in the Agreement ? No Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? No Subject to Investment Company Act of 1940 Regulation ?No Regulation ? Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the Cut-off Balance No Event of Default ? No Failure by Servicer to make payment within 5 Bus. Days of Required Date? No Failure by Servicer to perform covenant relating to Trust's Security Interest No Failure by Servicer to perform other covenants as described in the Agreement No Bankruptcy, Insolvency or Receivership relating to Master Servicer ? No Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid directly from HFC)N/A Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 990,567.66 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(vi)) 0.00 Amount paid to Trustee 0.00 Cumulative Draw under Policy 0.00 Net Yield 5.53% Total Available Funds Aggregate Amount of Collections 18,815,955.65 Deposit for principal not used to purchase subsequent loans 0.00 Interest Earnings on the Pre-Funding Account 0.00 Deposit from Capitalized Interest Account 0.00 Total 18,815,955.65 Application of Available Funds Servicing Fee 374,244.81 Prinicpal and Interest to Class A-1 15,501,866.72 Seller's portion of Principal and Interest 990,567.66 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 1,949,276.46 Total 18,815,955.65

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 344,044.79 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 276,776,583.77 Ending Pool Balance 223,269,316.06 267,393,745.26 Beginning Invested Amount 222,713,392.46 256,796,571.82 Ending Invested Amount 210,881,497.80 247,442,883.73 Beginning Seller Principal Balance 12,430,702.41 19,980,011.95 Ending Seller Principal Balance 12,387,818.26 19,950,861.53 Additional Balances 413,033.25 310,081.49 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28647.22% Ending Seller's Interest 5.54847.46% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 649 60 - 89 days (Del Stat 2) 22,787,613.51 No. of Accounts 130 176 Trust Balance 4,661,092.48 5,564,542.06 90+ days (Del Stat 3+) No. of Accounts 341 323 Trust Balance 11,136,447.57 11,093,816.35 270+ days (Del Stat 9+) No. of Accounts 199 172 Trust Balance 6,846,029.65 6,077,476.60 REO No. of Accounts 72 68 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?2,337,436.61

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 491,850.91 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 316,076,738.71 Ending Pool Balance 223,269,316.06 306,315,062.02 Beginning Invested Amount 222,713,392.46 295,927,388.65 Ending Invested Amount 210,881,497.80 286,199,897.81 Beginning Seller Principal Balance 12,430,702.41 20,149,350.06 Ending Seller Principal Balance 12,387,818.26 20,115,164.21 Additional Balances 413,033.25 477,741.05 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28646.37% Ending Seller's Interest 5.54846.57% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 625 60 - 89 days (Del Stat 2) 21,642,725.23 No. of Accounts 130 157 Trust Balance 4,661,092.48 5,833,760.08 90+ days (Del Stat 3+) No. of Accounts 341 386 Trust Balance 11,136,447.57 13,433,056.06 270+ days (Del Stat 9+) No. of Accounts 199 204 Trust Balance 6,846,029.65 7,659,813.11 REO No. of Accounts 72 84 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?3,318,845.94

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 95,068.15 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 68,924,319.26 Ending Pool Balance 223,269,316.06 66,759,859.50 Beginning Invested Amount 222,713,392.46 60,089,886.12 Ending Invested Amount 210,881,497.80 57,939,512.95 Beginning Seller Principal Balance 12,430,702.41 8,834,433.14 Ending Seller Principal Balance 12,387,818.26 8,820,346.55 Additional Balances 413,033.25 97,150.58 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.Loans) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Reserve Account Balance 0.00 1,211,294.00 Ending Pre-Funding Reserve Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 1,211,294.00 Beginning Seller Interest 5.286412.8176% Ending Seller's Interest 5.548413.2121% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts 179 Trust Balance 5,291,728.30 60 - 89 days (Del Stat 24) No. of Accounts 130 44 Trust Balance 4,661,092.48 1,188,202.60 90+ days (Del Stat 35+) No. of Accounts 341 99 Trust Balance 11,136,447.57 2,606,901.04 270+ days (Del Stat 911+) No. of Accounts 199 117 Trust Balance 6,846,029.65 3,777,819.73 REO No. of Accounts 72 14 Trust Balance 2,513,301.57 362,644.10 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?? No Distribution Date: 06/20/2000 Event of Default ? No Failure by Servicer to make payment within 5 No Bus. Days of Required Date ? Failure by Servicer to perform covenant No relating to Trust's Security Interest ? Failure by Servicer to perform other covenants No as described in the Agreement? Bankruptcy, Insolvency or Receivership No relating to Master Servicer ? Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A directly from HFC) Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 204,399.15 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Application of Available Funds Aggregate Amount of Collections 2,989,185.53 Deposit for principal not used to purchase subsequent loans Servicing Fee 50,074.91 Prinicpal and Interest to Class A-1 2,363,660.28 Prinicpal and Interest to Class A-2 103,802.58 Seller's portion of Principal and Interest 204,399.15 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 267,248.61 Total 2,989,185.53 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects.

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 602,687.24 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 397,338,031.25 Ending Pool Balance 223,269,316.06 384,601,743.69 Beginning Invested Amount 222,713,392.46 377,885,334.65 Ending Invested Amount 210,881,497.80 365,180,766.06 Beginning Seller Principal Balance 12,430,702.41 19,452,696.60 Ending Seller Principal Balance 12,387,818.26 19,420,977.63 Additional Balances 413,033.25 757,896.07 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28644.90% Ending Seller's Interest 5.54845.05% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 908 60 - 89 days (Del Stat 2) 30,936,758.89 No. of Accounts 130 244 Trust Balance 4,661,092.48 7,688,453.85 90+ days (Del Stat 3+) No. of Accounts 341 489 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 16,062,935.82 REO No. of Accounts 72 84 Trust Balance 2,513,301.57 3,069,767.00 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 275,136.70 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 184,362,724.02 Ending Pool Balance 223,269,316.06 177,758,331.21 Beginning Invested Amount 222,713,392.46 172,111,277.21 Ending Invested Amount 210,881,497.80 165,526,799.34 Beginning Seller Principal Balance 12,430,702.41 12,251,446.81 Ending Seller Principal Balance 12,387,818.26 12,231,531.87 Additional Balances 413,033.25 394,233.01 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28646.6453% Ending Seller's Interest 5.54846.8810% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 102 Trust Balance 4,661,092.48 3,356,478.88 90+ days (Del Stat 3+) No. of Accounts 341 254 Trust Balance 11,136,447.57 8,046,500.88 270+ days (Del Stat 9+) No. of Accounts 199 139 Trust Balance 6,846,029.65 4,601,411.20 REO No. of Accounts 72 53 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,824,975.95

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 741,660.14 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 499,711,357.83 Ending Pool Balance 223,269,316.06 487,462,449.39 Beginning Invested Amount 222,713,392.46 486,804,047.88 Ending Invested Amount 210,881,497.80 474,575,160.30 Beginning Seller Principal Balance 12,430,702.41 12,907,309.95 Ending Seller Principal Balance 12,387,818.26 12,887,289.09 Additional Balances 413,033.25 1,360,273.47 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Servicer Certificate (Page 2 of 3) Distribution Date: 03/20/97 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) 0.00% Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) 0.00% Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period 0.00 Principal Collections to purchase Additional 0.00 Balances and/or paid to CertCerts. 0.00 Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) 0.00 Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Balance6,506,737.00 Beginning Seller Interest 5.28642.5830% Ending Seller's Interest 5.54842.6438% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 184 Trust Balance 4,661,092.48 6,951,642.78 90+ days (Del Stat 3+) No. of Accounts 341 405 Trust Balance 11,136,447.57 13,931,794.32 270+ days (Del Stat 9+) No. of Accounts 199 106 Trust Balance 6,846,029.65 3,911,792.30 REO No. of Accounts 72 9 Trust Balance 2,513,301.57 415,899.20 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? DateNo Failure to perform covenant relating to No Trust's Security Interest ? IntereNo Failure to perform other covenants as No described in the Agreement ? AgreemenNo Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? No Subject to Investment Company Act of 1940 No Regulation ? No Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the CNo Event of Default ? No Failure by Servicer to make payment within 5 Bus. Days of RequiNo Failure by Servicer to perform covenant relating to Trust's SecNo Failure by Servicer to perform other covenants as described in No Bankruptcy, Insolvency or Receivership relating to Master SxxxxXx Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid directly from HFC)N/A Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 1,514,821.42 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(vi)) 0.00 Amount paid to Trustee 0.00 Cumulative Draw under Policy 0.00 Net Yield 4.97% Distribution Date: 03/20/97 Total Available Funds Aggregate Amount of Collections 18,830,774.35 Deposit for principal not used to purchase subsequent loans 0.00 Interest Earnings on the Pre-Funding Account 0.00 Deposit from Capitalized Interest Account 0.00 Total 18,830,774.35 Application of Available Funds Servicing Fee 405,670.04 Prinicpal and Interest to Class A-1 14,344,421.80 Seller's portion of Principal and Interest 1,514,821.42 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 2,565,861.09 Total 18,830,774.35 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. A Servicing Officer

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 521,671.25 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 309,335,853.82 Ending Pool Balance 223,269,316.06 294,602,785.20 Beginning Invested Amount 222,713,392.46 296,768,576.48 Ending Invested Amount 210,881,497.80 282,059,064.05 Beginning Seller Principal Balance 12,430,702.41 12,567,277.34 Ending Seller Principal Balance 12,387,818.26 12,543,721.15 Additional Balances 413,033.25 546,535.36 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Servicer Certificate (Page 2 of 3) Distribution Date: 06/22/98 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) rele 0.00% Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) t 0.00% Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period 0.00 Principal Collections to purchase Additional 0.00 Balances Bal and/or paid to Cert. Cert 0.00 Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) 0.00 Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28644.0627% Ending Seller's Interest 5.54844.2578% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 134 Trust Balance 4,661,092.48 4,581,921.56 90+ days (Del Stat 3+) No. of Accounts 341 465 Trust Balance 11,136,447.57 14,439,976.22 270+ days (Del Stat 9+) No. of Accounts 199 219 Trust Balance 6,846,029.65 7,657,152.19 REO No. of Accounts 72 58 Trust Balance 2,513,301.57 2,342,620.29 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date Date? No Failure to perform covenant relating to No Trust's Security Interest Interest? No Failure to perform other covenants as No described in the Agreement Agreement? No Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller Seller? No Subject to Investment Company Act of 1940 Regulation? No Regulation ? Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the Cut-off Balance No

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 123,491.70 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 91,250,164.19 Ending Pool Balance 223,269,316.06 88,103,287.41 Beginning Invested Amount 222,713,392.46 82,261,748.88 Ending Invested Amount 210,881,497.80 79,128,796.11 Beginning Seller Principal Balance 12,430,702.41 8,988,415.31 Ending Seller Principal Balance 12,387,818.26 8,974,491.30 Additional Balances 413,033.25 125,684.95 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.Loans) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Reserve Account Balance 0.00 1,211,294.00 Ending Pre-Funding Reserve Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 1,211,294.00 Beginning Seller Interest 5.28648.8576% Ending Seller's Interest 5.548410.1863% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts 224 Trust Balance 6,307,138.22 60 - 89 days (Del Stat 2) No. of Accounts 130 58 Trust Balance 4,661,092.48 2,130,228.45 90+ days (Del Stat 3+) No. of Accounts 341 125 Trust Balance 11,136,447.57 3,564,534.09 270+ days (Del Stat 9+) No. of Accounts 199 117 Trust Balance 6,846,029.65 3,777,819.73 REO No. of Accounts 72 22 Trust Balance 2,513,301.57 686,319.21 Rapid Amortization Event ? No Failure to make payment within 5 Business No Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?? No Distribution Date: 09/20/99 Event of Default ? No Failure by Servicer to make payment within 5 No Bus. Days of Required Date ? Failure by Servicer to perform covenant No relating to Trust's Security Interest ? Failure by Servicer to perform other No covenants as described in the Agreement? Bankruptcy, Insolvency or Receivership No relating to Master Servicer ? Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A directly from HFC) Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 240,375.64 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Application of Available Funds Aggregate Amount of Collections 4,299,482.98 Deposit for principal not used to purchase subsequent loans Servicing Fee 68,551.46 Prinicpal and Interest to Class A-1 3,364,013.39 Prinicpal and Interest to Class A-2 147,773.87 Seller's portion of Principal and Interest 240,375.64 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 478,768.62 Total 4,299,482.98 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. A Servicing Officer Statement to Certificateholders (Page 1 of 2) Distribution Date: 09/20/99 INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000) Class A Certificateholder Floating Allocation 90.1497% Percentage Class A Certificateholder Fixed Allocation 97.9045% Percentage Beginning Class A-1 Certificate Balance 76,476,360.39 Beginning Class A-2 Certificate Balance 3,362,801.49 Class A-1 Certificate Rate 5.51250% Class A-2 Certificate Rate 5.46000% Class A-1 Certificate Interest Distributed 0.798161 Class A-2 Certificate Interest Distributed 0.790539 Class A-1 Certificate Interest Shortfall 0.000000 Distributed Class A-2 Certificate Interest Shortfall 0.000000 Distributed Remaining Unpaid Class A-1 Certificate Interest 0.000000 Shortfall Remaining Unpaid Class A-2 Certificate Interest 0.000000 Shortfall Rapid Amortization Event ? No Class A-1 Certificate Principal Distributed 6.598119 Class A-2 Certificate Principal Distributed 6.598155 Maximum Principal Distribution Amount 6.464380 Scheduled Principal Distribution Amount 6.338043 (SPDA) Accelerated Principal Distribution Amount 0.000000 Aggregate Investor Liquidation Loss Amount 0.260078 Distributed Total Amount Distributed to Certificateholders 7.395961 Principal Collections deposited into Funding 0.00 Account Ending Funding Account Balance 0.00 Ending Class A-1 Certificate Balance 73,475,370.72 Ending Class A-2 Certificate Balance 3,230,838.39 Class A-1 Factor 0.1615465 Class A-2 Factor 0.1615419 Pool Factor (PF) 0.1818372 Unreimbursed Liquidation Loss Amount 0.00 Accrued Interest on Unreimbursed Liquidation 0.00 Loss Amount Accrued & Unpaid Interest on Unreimbursed 0.00 Liquidation Loss Amount Class A Servicing Fee 68,551.46 Beginning Invested Amount 82,261,748.88 Ending Invested Amount 79,128,796.11 Beginning Pool Balance 91,250,164.19 Ending Pool Balance 88,103,287.41 Credit Enhancement Draw Amount 0.00 Statement to Certificateholders (Page 2 of 2) Distribution Date: 09/20/99 DELINQUENCY & REO STATUS 30 - 59 days (Del Stat 1) No. of Accounts 224 Trust Balance 6,307,138.22 60 - 89 days (Del Stat 2) No. of Accounts 58 Trust Balance 2,130,228.45 90+ days (Del Stat 3+) No. of Accounts 125 Trust Balance 3,564,534.09 REO No. of Accounts 22 Trust Balance 686,319.21

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant to 2.07 0 Cumulative Number of Mortgage Loans Retransferred pursuant to 2.07 0 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 555,300.71 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 759,422,686.12 Ending Pool Balance 223,269,316.06 740,279,492.61 Beginning Invested Amount 222,713,392.46 738,500,434.72 Ending Invested Amount 210,881,497.80 719,374,767.86 Beginning Seller Principal Balance 12,430,702.41 20,922,251.40 Ending Seller Principal Balance 12,387,818.26 20,904,724.75 Additional Balances 413,033.25 1,775,092.49 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any purchase of Subsequent Loans or release to Cert 0.00% Ending Funding Account Balance % (after purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period $0.00 Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Cert$0.00 Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28642.76% Ending Seller's Interest 5.54842.82% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts 1,209 Trust Balance 43,599,095.96 60 - 89 days (Del Stat 2) No. of Accounts 130 219 Trust Balance 4,661,092.48 7,370,417.99 90+ days (Del Stat 3+) No. of Accounts 341 447 Trust Balance 11,136,447.57 15,642,058.89 270+ days (Del Stat 9+) No. of Accounts 199 113 Trust Balance 6,846,029.65 4,178,059.98 REO No. of Accounts 72 19 Trust Balance 2,513,301.57 984,431.05 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? No Failure to perform covenant relating to No Trust's Security Interest ? No Failure to perform other covenants as No described in the Agreement ? No Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? No Subject to Investment Company Act of 1940 No Regulation ? No Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the Cut-off Balance and Pre-Fun No Event of Default ? No Failure by Servicer to make payment within 5 Bus. Days of Required Date ? No Failure by Servicer to perform covenant relating to Trust's Security Interest? No Failure by Servicer to perform other covenants as described in the Agreement? No Bankruptcy, Insolvency or Receivership relating to Master Servicer ? No Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid directly from HFC) N/A Servicer Certificate (Page 3 of 3) Distribution Date: 05/20/97 Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 2,016,456.57 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(vi)) 0.00 Amount paid to Trustee 0.00 Cumulative Draw under Policy 0.00 Net Yield 6.28% Total Available Funds Aggregate Amount of Collections 29,106,405.35 Deposit for principal not used to purchase subsequent loans 0.00 Interest Earnings on the Pre-Funding Account 0.00 Deposit from Capitalized Interest Account 0.00 Total 29,106,405.35 Application of Available Funds Servicing Fee 615,417.03 Prinicpal and Interest to Class A-1 22,608,232.88 Seller's portion of Principal and Interest 2,016,456.57 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 3,866,298.87 Total 29,106,405.35 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. A Servicing Officer

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 69,960.79 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 116,094,903.45 Ending Pool Balance 223,269,316.06 112,894,986.09 Beginning Invested Amount 222,713,392.46 104,140,645.46 Ending Invested Amount 210,881,497.80 100,949,226.32 Beginning Seller Principal Balance 12,430,702.41 11,954,257.99 Ending Seller Principal Balance 12,387,818.26 11,945,759.77 Additional Balances 413,033.25 179,667.89 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.286410.2970% Ending Seller's Interest 5.548410.5813% Delinquency & REO Status 60 - 89 days (Del Stat 24) No. of Accounts 130 91 Trust Balance 4,661,092.48 2,759,273.17 90+ days (Del Stat 35+) No. of Accounts 341 135 Trust Balance 11,136,447.57 3,779,798.37 270+ days (Del Stat 911+) No. of Accounts 199 86 Trust Balance 6,846,029.65 2,240,014.17 REO No. of Accounts 72 23 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?777,520.73

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 329,790.58 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 250,626,256.17 Ending Pool Balance 223,269,316.06 243,027,869.52 Beginning Invested Amount 222,713,392.46 231,622,554.75 Ending Invested Amount 210,881,497.80 224,051,850.59 Beginning Seller Principal Balance 12,430,702.41 19,003,701.42 Ending Seller Principal Balance 12,387,818.26 18,976,018.93 Additional Balances 413,033.25 396,854.81 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28647.58% Ending Seller's Interest 5.54847.81% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts Trust Balance 587 60 - 89 days (Del Stat 24) 20,150,230.09 No. of Accounts 130 162 Trust Balance 4,661,092.48 4,777,654.73 90+ days (Del Stat 35+) No. of Accounts 341 250 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 7,193,191.51 REO No. of Accounts 72 41 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,250,016.14

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 219,529.33 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 171,021,313.23 Ending Pool Balance 223,269,316.06 165,457,850.91 Beginning Invested Amount 222,713,392.46 158,811,825.67 Ending Invested Amount 210,881,497.80 153,265,330.28 Beginning Seller Principal Balance 12,430,702.41 12,209,487.56 Ending Seller Principal Balance 12,387,818.26 12,192,520.63 Additional Balances 413,033.25 346,236.30 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28647.1392% Ending Seller's Interest 5.54847.3690% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 92 Trust Balance 4,661,092.48 3,150,806.85 90+ days (Del Stat 3+) No. of Accounts 341 248 Trust Balance 11,136,447.57 7,871,778.15 270+ days (Del Stat 9+) No. of Accounts 199 135 Trust Balance 6,846,029.65 4,651,255.53 REO No. of Accounts 72 48 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,795,754.46

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 300,001.60 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 94,469,463.05 Ending Pool Balance 223,269,316.06 91,250,164.19 Beginning Invested Amount 222,713,392.46 85,449,143.14 Ending Invested Amount 210,881,497.80 82,261,748.88 Beginning Seller Principal Balance 12,430,702.41 9,020,319.91 Ending Seller Principal Balance 12,387,818.26 8,988,415.31 Additional Balances 413,033.25 180,783.42 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.Loans) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Reserve Account Balance 0.00 1,211,294.00 Ending Pre-Funding Reserve Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 1,211,294.00 Beginning Seller Interest 5.28648.5065% Ending Seller's Interest 5.54849.8503% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts 242 Trust Balance 7,442,654.42 60 - 89 days (Del Stat 2) No. of Accounts 130 70 Trust Balance 4,661,092.48 2,238,844.82 90+ days (Del Stat 3+) No. of Accounts 341 134 Trust Balance 11,136,447.57 3,948,404.02 270+ days (Del Stat 9+) No. of Accounts 199 117 Trust Balance 6,846,029.65 3,777,819.73 REO No. of Accounts 72 24 Trust Balance 2,513,301.57 900,800.60 Rapid Amortization Event ? No Failure to make payment within 5 Business No Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?? No Distribution Date: 08/20/99 Event of Default ? No Failure by Servicer to make payment within 5 No Bus. Days of Required Date ? Failure by Servicer to perform covenant No relating to Trust's Security Interest ? Failure by Servicer to perform other No covenants as described in the Agreement? Bankruptcy, Insolvency or Receivership No relating to Master Servicer ? Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A directly from HFC) Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 283,234.52 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Application of Available Funds Aggregate Amount of Collections 4,141,142.55 Deposit for principal not used to purchase subsequent loans Servicing Fee 71,207.62 Prinicpal and Interest to Class A-1 3,422,950.19 Prinicpal and Interest to Class A-2 150,336.88 Seller's portion of Principal and Interest 283,234.52 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 213,413.34 Total 4,141,142.55 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects.

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 214,790.95 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 149,938,066.32 Ending Pool Balance 223,269,316.06 145,799,542.91 Beginning Invested Amount 222,713,392.46 137,829,817.55 Ending Invested Amount 210,881,497.80 133,710,182.55 Beginning Seller Principal Balance 12,430,702.41 12,108,248.77 Ending Seller Principal Balance 12,387,818.26 12,089,360.36 Additional Balances 413,033.25 318,995.78 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28648.0755% Ending Seller's Interest 5.54848.2918% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 89 Trust Balance 4,661,092.48 3,246,894.63 90+ days (Del Stat 3+) No. of Accounts 341 186 Trust Balance 11,136,447.57 5,767,635.85 270+ days (Del Stat 9+) No. of Accounts 199 108 Trust Balance 6,846,029.65 3,223,592.95 REO No. of Accounts 72 32 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,256,804.22

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 133,999.53 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 236,189,710.24 Ending Pool Balance 223,269,316.06 229,619,263.09 Beginning Invested Amount 222,713,392.46 217,234,708.25 Ending Invested Amount 210,881,497.80 210,676,235.71 Beginning Seller Principal Balance 12,430,702.41 18,955,001.99 Ending Seller Principal Balance 12,387,818.26 18,943,027.38 Additional Balances 413,033.25 247,682.89 3 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28648.03% Ending Seller's Interest 5.54848.25% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts Trust Balance 578 60 - 89 days (Del Stat 24) 19,410,844.61 No. of Accounts 130 138 Trust Balance 4,661,092.48 4,413,010.53 90+ days (Del Stat 35+) No. of Accounts 341 251 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 7,188,532.85 REO No. of Accounts 72 36 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,062,871.58

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant to 0 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant to 0.00 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 289,428.87 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 199,911,062.1 6 Ending Pool Balance 223,269,316.06 195,042,503.3 0 Beginning Invested Amount 222,713,392.46 180,276,328.7 0 Ending Invested Amount 210,881,497.80 175,439,348.4 1 Beginning Seller Principal Balance 12,430,702.41 19,634,733.46 Ending Seller Principal Balance 12,387,818.26 19,603,154.89 Additional Balances 413,033.25 294,684.22 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any purchase 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase of 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional Balances $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28649.82% Ending Seller's Interest 5.548410.05% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts Trust Balance 511 60 - 89 days (Del Stat 24) 16,877,793.94 No. of Accounts 130 154 Trust Balance 4,661,092.48 5,169,729.36 90+ days (Del Stat 35+) No. of Accounts 341 210 Trust Balance 11,136,447.57 5,795,548.71 270+ days (Del Stat 911+) No. of Accounts 199 119 Trust Balance 6,846,029.65 3,367,354.57 REO No. of Accounts 72 33 Trust Balance 2,513,301.57 939,705.70 Rapid Amortization Event ? No Failure to make payment within 5 Business Days of No of Required Date ? Failure to perform covenant relating to No Trust's No Security Interest ? Failure to perform other covenants as No described in No the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to No Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed No 1% of the Cut-off Balance and Pre-Funded Amount Distribution Date: 09/20/2000 Event of Default ? No Failure by Servicer to make payment within 5 Bus. No Days of Required Date ? Failure by Servicer to perform covenant relating to No Trust's Security Interest ? Failure by Servicer to perform other covenants as No described in the Agreement? Bankruptcy, Insolvency or Receivership relating to No Master Servicer ? Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A directly from HFC) Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 530,139.63 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(vi)) 0.00 Amount paid to Trustee 0.00 Cumulative Draw under Policy 0.00 Net Yield 4.80% Total Available Funds Aggregate Amount of Collections 7,239,525.14 Deposit for principal not used to purchase 0.00 subsequent loans Interest Earnings on the Pre-Funding Account 0.00 Deposit from Capitalized Interest Account 0.00 Total 7,239,525.14 Application of Available Funds Servicing Fee 150,230.27 Prinicpal and Interest to Class A-1 5,837,672.65 Seller's portion of Principal and Interest 530,139.63 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 721,482.59 Total 7,239,525.14 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. A Servicing Officer Statement to Certificateholders (Page 1 of 2) Distribution Date: 09/20/2000 INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000) Class A Certificateholder Floating Allocation 90.1783% Percentage Class A Certificateholder Fixed Allocation Percentage 97.3651% Beginning Class A-1 Certificate Balance 176,074,901.7 0 Class A-1 Certificate Rate 6.820000% Class A-1 Certificate Interest Distributed 1.221432 Class A-1 Certificate Interest Shortfall Distributed 0.000000 Remaining Unpaid Class A-1 Certificate Interest 0.000000 Shortfall Rapid Amortization Event ? No Class A-1 Certificate Principal Distributed 5.903955 Maximum Principal Distribution Amount 5.754637 Scheduled Principal Distribution Amount (SPDA) 5.550682 Accelerated Principal Distribution Amount 0.000000 Aggregate Investor Liquidation Loss Amount 0.353273 Distributed Total Amount Distributed to Certificateholders 7.125387 Principal Collections deposited into Funding Account 0.00 Ending Funding Account Balance 0.00 Ending Class A-1 Certificate Balance 171,237,921.4 1 Class A-1 Factor 0.2090108 Pool Factor (PF) 0.2090108 Unreimbursed Liquidation Loss Amount $0 Accrued Interest on Unreimbursed Liquidation Loss $0 Amount Accrued & Unpaid Interest on Unreimbursed Liquidation $0 Loss Amount Class A Servicing Fee 150,230.27

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 272,262.88 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 229,619,263.09 Ending Pool Balance 223,269,316.06 223,933,937.17 Beginning Invested Amount 222,713,392.46 210,676,235.71 Ending Invested Amount 210,881,497.80 205,016,244.49 Beginning Seller Principal Balance 12,430,702.41 18,943,027.38 Ending Seller Principal Balance 12,387,818.26 18,917,692.68 Additional Balances 413,033.25 237,777.73 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28648.25% Ending Seller's Interest 5.54848.45% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts Trust Balance 620 60 - 89 days (Del Stat 24) 20,182,064.75 No. of Accounts 130 155 Trust Balance 4,661,092.48 5,225,123.15 90+ days (Del Stat 35+) No. of Accounts 341 233 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 6,313,537.56 REO No. of Accounts 72 33 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,030,153.07

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 573,107.68 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 271,661,162.20 Ending Pool Balance 223,269,316.06 263,901,160.21 Beginning Invested Amount 222,713,392.46 252,559,463.21 Ending Invested Amount 210,881,497.80 244,842,982.52 Beginning Seller Principal Balance 12,430,702.41 19,101,698.99 Ending Seller Principal Balance 12,387,818.26 19,058,177.69 Additional Balances 413,033.25 391,023.36 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28647.03% Ending Seller's Interest 5.54847.22% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 705 60 - 89 days (Del Stat 2) 23,930,613.93 No. of Accounts 130 181 Trust Balance 4,661,092.48 5,405,199.44 90+ days (Del Stat 3+) No. of Accounts 341 301 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 9,291,935.58 REO No. of Accounts 72 55 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?2,189,203.45

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 315,737.08 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 165,457,850.91 Ending Pool Balance 223,269,316.06 160,055,529.71 Beginning Invested Amount 222,713,392.46 153,265,330.28 Ending Invested Amount 210,881,497.80 147,889,106.10 Beginning Seller Principal Balance 12,430,702.41 12,192,520.63 Ending Seller Principal Balance 12,387,818.26 12,166,423.61 Additional Balances 413,033.25 387,165.17 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28647.3690% Ending Seller's Interest 5.54847.6014% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 100 Trust Balance 4,661,092.48 3,423,005.14 90+ days (Del Stat 3+) No. of Accounts 341 227 Trust Balance 11,136,447.57 7,208,090.95 270+ days (Del Stat 9+) No. of Accounts 199 134 Trust Balance 6,846,029.65 4,454,135.85 REO No. of Accounts 72 49 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,908,790.38

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 765,316.41 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 376,874,782.05 Ending Pool Balance 223,269,316.06 364,981,133.55 Beginning Invested Amount 222,713,392.46 364,163,152.77 Ending Invested Amount 210,881,497.80 352,297,323.59 Beginning Seller Principal Balance 12,430,702.41 12,711,629.28 Ending Seller Principal Balance 12,387,818.26 12,683,809.96 Additional Balances 413,033.25 763,786.34 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) re 0.00% Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) 0.00% Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period 0.00 Principal Collections to purchase Additional 0.00 Balances Bal and/or paid to Cert. 0.00 Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) 0.00 Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28643.3729% Ending Seller's Interest 5.54843.4752% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 195 Trust Balance 4,661,092.48 7,209,380.76 90+ days (Del Stat 3+) No. of Accounts 341 467 Trust Balance 11,136,447.57 15,969,533.99 270+ days (Del Stat 9+) No. of Accounts 199 182 Trust Balance 6,846,029.65 7,053,070.72 REO No. of Accounts 72 34 Trust Balance 2,513,301.57 1,669,403.26 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? No Failure to perform covenant relating to No Trust's Security Interest ? No Failure to perform other covenants as No described in the Agreement ? No Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? No Subject to Investment Company Act of 1940 No Regulation ? No Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amts exceed 1% of the Cut-off Bal? No Event of Default ? No Failure by Servicer to make payment within 5 Bus. Days of Required Date? No Failure by Servicer to perform covenant relating to Trust's Security Int? No Failure by Servicer to perform other covenants as described in the AgreemtNo Bankruptcy, Insolvency or Receivership relating to Master Servicer ? No Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid directly from HFC) N/A Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 914,452.27 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(vi)) 0.00 Amount paid to Trustee 0.00 Cumulative Draw under Policy 0.00 Net Yield 4.49% Total Available Funds Aggregate Amount of Collections 16,331,254.38 Deposit for principal not used to purchase subsequent loans 0.00 Interest Earnings on the Pre-Funding Account 0.00 Deposit from Capitalized Interest Account 0.00 Servicer Certificate (Page 3 of 3) Distribution Date: 12/22/97

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 694,940.27 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 351,373,185.07 Ending Pool Balance 223,269,316.06 338,828,433.65 Beginning Invested Amount 222,713,392.46 331,117,493.00 Ending Invested Amount 210,881,497.80 318,616,005.19 Beginning Seller Principal Balance 12,430,702.41 20,255,692.07 Ending Seller Principal Balance 12,387,818.26 20,212,428.46 Additional Balances 413,033.25 385,201.91 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28645.76% Ending Seller's Interest 5.54845.97% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 752 60 - 89 days (Del Stat 2) 26,012,353.73 No. of Accounts 130 197 Trust Balance 4,661,092.48 6,074,091.46 90+ days (Del Stat 3+) No. of Accounts 341 488 Trust Balance 11,136,447.57 16,090,735.19 270+ days (Del Stat 9+) No. of Accounts 199 206 Trust Balance 6,846,029.65 7,639,953.45 REO No. of Accounts 72 78 Trust Balance 2,513,301.57 3,014,478.82 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 173,362.94 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 145,799,542.91 Ending Pool Balance 223,269,316.06 140,641,902.54 Beginning Invested Amount 222,713,392.46 133,710,182.55 Ending Invested Amount 210,881,497.80 128,568,263.43 Beginning Seller Principal Balance 12,430,702.41 12,089,360.36 Ending Seller Principal Balance 12,387,818.26 12,073,639.11 Additional Balances 413,033.25 240,392.43 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28648.2918% Ending Seller's Interest 5.54848.5847% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 71 Trust Balance 4,661,092.48 2,275,593.22 90+ days (Del Stat 3+) No. of Accounts 341 177 Trust Balance 11,136,447.57 5,473,937.08 270+ days (Del Stat 9+) No. of Accounts 199 96 Trust Balance 6,846,029.65 2,869,906.15 REO No. of Accounts 72 26 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,022,577.97

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 157,888.08 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 77,123,717.41 Ending Pool Balance 223,269,316.06 74,805,713.31 Beginning Invested Amount 222,713,392.46 68,216,280.62 Ending Invested Amount 210,881,497.80 65,918,924.95 Beginning Seller Principal Balance 12,430,702.41 8,907,436.79 Ending Seller Principal Balance 12,387,818.26 8,886,788.36 Additional Balances 413,033.25 84,266.67 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.Loans) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Reserve Account Balance 0.00 1,211,294.00 Ending Pre-Funding Reserve Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 1,211,294.00 Beginning Seller Interest 5.286411.5495% Ending Seller's Interest 5.548411.8798% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts 237 Trust Balance 7,030,049.71 60 - 89 days (Del Stat 2) No. of Accounts 130 56 Trust Balance 4,661,092.48 1,279,166.70 90+ days (Del Stat 3+) No. of Accounts 341 123 Trust Balance 11,136,447.57 3,360,088.38 270+ days (Del Stat 9+) No. of Accounts 199 117 Trust Balance 6,846,029.65 3,777,819.73 REO No. of Accounts 72 18 Trust Balance 2,513,301.57 497,131.25 Rapid Amortization Event ? No Failure to make payment within 5 Business No Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?? No Distribution Date: 02/22/2000 Event of Default ? No Failure by Servicer to make payment within 5 No Bus. Days of Required Date ? Failure by Servicer to perform covenant No relating to Trust's Security Interest ? Failure by Servicer to perform other No covenants as described in the Agreement? Bankruptcy, Insolvency or Receivership No relating to Master Servicer ? Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A directly from HFC) Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 176,482.83 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Application of Available Funds Aggregate Amount of Collections 3,022,174.17 Deposit for principal not used to purchase subsequent loans Servicing Fee 56,846.90 Prinicpal and Interest to Class A-1 2,548,801.21 Prinicpal and Interest to Class A-2 111,779.84 Seller's portion of Principal and Interest 176,482.83 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 128,263.39 Total 3,022,174.17 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. A Servicing Officer Statement to Certificateholders (Page 1 of 2) Distribution Date: 02/22/2000 INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000) Class A Certificateholder Floating Allocation 88.4505% Percentage Class A Certificateholder Fixed Allocation 97.9045% Percentage Beginning Class A-1 Certificate Balance 63,022,501.28 Beginning Class A-2 Certificate Balance 2,771,192.34 Class A-1 Certificate Rate 6.02750% Class A-2 Certificate Rate 5.91000% Class A-1 Certificate Interest Distributed 0.765597 Class A-2 Certificate Interest Distributed 0.750647 Class A-1 Certificate Interest Shortfall 0.000000 Distributed Class A-2 Certificate Interest Shortfall 0.000000 Distributed Remaining Unpaid Class A-1 Certificate Interest 0.000000 Shortfall Remaining Unpaid Class A-2 Certificate Interest 0.000000 Shortfall Rapid Amortization Event ? No Class A-1 Certificate Principal Distributed 4.838320 Class A-2 Certificate Principal Distributed 4.838345 Maximum Principal Distribution Amount 4.585133 Scheduled Principal Distribution Amount 4.505802 (SPDA) Accelerated Principal Distribution Amount 0.000000 Aggregate Investor Liquidation Loss Amount 0.332518 Distributed Total Amount Distributed to Certificateholders 5.603288 Principal Collections deposited into Funding 0.00 Account Ending Funding Account Balance 0.00 Ending Class A-1 Certificate Balance 60,821,912.52 Ending Class A-2 Certificate Balance 2,674,425.43 Class A-1 Factor 0.1337260 Class A-2 Factor 0.1337213 Pool Factor (PF) 0.1543922 Unreimbursed Liquidation Loss Amount 0.00 Accrued Interest on Unreimbursed Liquidation 0.00 Loss Amount Accrued & Unpaid Interest on Unreimbursed 0.00 Liquidation Loss Amount Class A Servicing Fee 56,846.90 Beginning Invested Amount 68,216,280.62 Ending Invested Amount 65,918,924.95 Beginning Pool Balance 77,123,717.41 Ending Pool Balance 74,805,713.31 Credit Enhancement Draw Amount 0.00 Statement to Certificateholders (Page 2 of 2) Distribution Date: 02/22/2000 DELINQUENCY & REO STATUS 30 - 59 days (Del Stat 1) No. of Accounts 237 Trust Balance 7,030,049.71 60 - 89 days (Del Stat 2) No. of Accounts 56 Trust Balance 1,279,166.70 90+ days (Del Stat 3+) No. of Accounts 123 Trust Balance 3,360,088.38 REO No. of Accounts 18 Trust Balance 497,131.25

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 398,145.59 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 412,498,678.63 Ending Pool Balance 223,269,316.06 397,338,031.25 Beginning Invested Amount 222,713,392.46 393,023,081.14 Ending Invested Amount 210,881,497.80 377,885,334.65 Beginning Seller Principal Balance 12,430,702.41 19,475,597.49 Ending Seller Principal Balance 12,387,818.26 19,452,696.60 Additional Balances 413,033.25 717,906.21 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28644.72% Ending Seller's Interest 5.54844.90% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 1,028 60 - 89 days (Del Stat 2) 34,195,887.67 No. of Accounts 130 289 Trust Balance 4,661,092.48 9,365,160.34 90+ days (Del Stat 3+) No. of Accounts 341 517 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 16,924,529.84 REO No. of Accounts 72 87 Trust Balance 2,513,301.57 3,136,849.50 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 441,679.94 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 192,169,623.01 Ending Pool Balance 223,269,316.06 184,362,724.02 Beginning Invested Amount 222,713,392.46 179,887,931.70 Ending Invested Amount 210,881,497.80 172,111,277.21 Beginning Seller Principal Balance 12,430,702.41 12,281,691.31 Ending Seller Principal Balance 12,387,818.26 12,251,446.81 Additional Balances 413,033.25 332,209.14 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28646.3911% Ending Seller's Interest 5.54846.6453% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 102 Trust Balance 4,661,092.48 3,456,882.27 90+ days (Del Stat 3+) No. of Accounts 341 261 Trust Balance 11,136,447.57 8,230,592.60 270+ days (Del Stat 9+) No. of Accounts 199 140 Trust Balance 6,846,029.65 4,761,116.17 REO No. of Accounts 72 50 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,711,701.40

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 87,391.80 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 74,805,713.31 Ending Pool Balance 223,269,316.06 72,761,386.08 Beginning Invested Amount 222,713,392.46 65,918,924.95 Ending Invested Amount 210,881,497.80 63,886,589.22 Beginning Seller Principal Balance 12,430,702.41 8,886,788.36 Ending Seller Principal Balance 12,387,818.26 8,874,796.86 Additional Balances 413,033.25 138,024.31 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.Loans) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Reserve Account Balance 0.00 1,211,294.00 Ending Pre-Funding Reserve Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 1,211,294.00 Beginning Seller Interest 5.286411.8798% Ending Seller's Interest 5.548412.1971% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts 185 Trust Balance 5,858,560.50 60 - 89 days (Del Stat 2) No. of Accounts 130 51 Trust Balance 4,661,092.48 1,356,064.18 90+ days (Del Stat 3+) No. of Accounts 341 126 Trust Balance 11,136,447.57 3,345,825.15 270+ days (Del Stat 9+) No. of Accounts 199 117 Trust Balance 6,846,029.65 3,777,819.73 REO No. of Accounts 72 20 Trust Balance 2,513,301.57 543,076.47 Rapid Amortization Event ? No Failure to make payment within 5 Business No Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?? No Distribution Date: 03/20/2000 Event of Default ? No Failure by Servicer to make payment within 5 No Bus. Days of Required Date ? Failure by Servicer to perform covenant No relating to Trust's Security Interest ? Failure by Servicer to perform other No covenants as described in the Agreement? Bankruptcy, Insolvency or Receivership No relating to Master Servicer ? Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A directly from HFC) Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 240,933.48 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Application of Available Funds Aggregate Amount of Collections 2,949,219.73 Deposit for principal not used to purchase subsequent loans Servicing Fee 54,932.44 Prinicpal and Interest to Class A-1 2,224,991.97 Prinicpal and Interest to Class A-2 97,699.10 Seller's portion of Principal and Interest 240,933.48 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 330,662.74 Total 2,949,219.73 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects.

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 599,103.18 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 332,184,411.04 Ending Pool Balance 223,269,316.06 320,753,490.37 Beginning Invested Amount 222,713,392.46 312,916,500.08 Ending Invested Amount 210,881,497.80 301,523,652.71 Beginning Seller Principal Balance 12,430,702.41 19,267,910.96 Ending Seller Principal Balance 12,387,818.26 19,229,837.66 Additional Balances 413,033.25 427,546.34 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28645.80% Ending Seller's Interest 5.54846.00% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 869 60 - 89 days (Del Stat 2) 29,107,716.76 No. of Accounts 130 211 Trust Balance 4,661,092.48 7,691,147.81 90+ days (Del Stat 3+) No. of Accounts 341 373 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 12,505,538.01 REO No. of Accounts 72 75 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?2,786,548.01

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 462,732.83 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 268,842,116.16 Ending Pool Balance 223,269,316.06 257,400,137.80 Beginning Invested Amount 222,713,392.46 256,333,343.13 Ending Invested Amount 210,881,497.80 244,916,762.09 Beginning Seller Principal Balance 12,430,702.41 12,508,773.03 Ending Seller Principal Balance 12,387,818.26 12,483,375.71 Additional Balances 413,033.25 670,986.41 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28644.6528% Ending Seller's Interest 5.54844.8498% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 159 Trust Balance 4,661,092.48 5,318,412.25 90+ days (Del Stat 3+) No. of Accounts 341 404 Trust Balance 11,136,447.57 13,832,421.75 270+ days (Del Stat 9+) No. of Accounts 199 215 Trust Balance 6,846,029.65 7,575,285.92 REO No. of Accounts 72 58 Trust Balance 2,513,301.57 2,313,890.53 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 641,509.22 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 410,389,345.14 Ending Pool Balance 223,269,316.06 395,281,529.30 Beginning Invested Amount 222,713,392.46 389,983,315.41 Ending Invested Amount 210,881,497.80 374,909,823.35 Beginning Seller Principal Balance 12,430,702.41 20,406,029.73 Ending Seller Principal Balance 12,387,818.26 20,371,705.95 Additional Balances 413,033.25 628,388.88 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28644.97% Ending Seller's Interest 5.54845.15% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 958 60 - 89 days (Del Stat 2) 33,714,223.61 No. of Accounts 130 258 Trust Balance 4,661,092.48 9,450,972.08 90+ days (Del Stat 3+) No. of Accounts 341 504 Trust Balance 11,136,447.57 17,241,860.73 270+ days (Del Stat 9+) No. of Accounts 199 223 Trust Balance 6,846,029.65 7,935,190.94 REO No. of Accounts 72 Trust Balance 2,513,301.57 2,595,659.94 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 82,026.04 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 122,747,124.85 Ending Pool Balance 223,269,316.06 119,376,940.47 Beginning Invested Amount 222,713,392.46 110,768,208.44 Ending Invested Amount 210,881,497.80 107,407,707.08 Beginning Seller Principal Balance 12,430,702.41 11,978,916.41 Ending Seller Principal Balance 12,387,818.26 11,969,233.39 Additional Balances 413,033.25 263,433.75 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28649.7590% Ending Seller's Interest 5.548410.0264% Delinquency & REO Status 60 - 89 days (Del Stat 24) No. of Accounts 130 81 Trust Balance 4,661,092.48 2,940,680.15 90+ days (Del Stat 35+) No. of Accounts 341 157 Trust Balance 11,136,447.57 4,380,505.84 270+ days (Del Stat 911+) No. of Accounts 199 94 Trust Balance 6,846,029.65 2,364,535.29 REO No. of Accounts 72 26 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?746,324.19

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 120,337.71 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 216,349,073.20 Ending Pool Balance 223,269,316.06 211,019,365.36 Beginning Invested Amount 222,713,392.46 196,644,060.86 Ending Invested Amount 210,881,497.80 191,327,036.97 Beginning Seller Principal Balance 12,430,702.41 19,705,012.34 Ending Seller Principal Balance 12,387,818.26 19,692,328.39 Additional Balances 413,033.25 271,331.33 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28649.11% Ending Seller's Interest 5.54849.33% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts Trust Balance 454 60 - 89 days (Del Stat 24) 15,135,752.54 No. of Accounts 130 113 Trust Balance 4,661,092.48 3,736,460.29 90+ days (Del Stat 35+) No. of Accounts 341 249 Trust Balance 11,136,447.57 7,094,814.39 270+ days (Del Stat 911+) No. of Accounts 199 135 Trust Balance 6,846,029.65 3,753,806.91 REO No. of Accounts 72 40 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,160,685.75

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 167,353.73 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 140,641,902.54 Ending Pool Balance 223,269,316.06 137,200,539.02 Beginning Invested Amount 222,713,392.46 128,568,263.43 Ending Invested Amount 210,881,497.80 125,142,613.24 Beginning Seller Principal Balance 12,430,702.41 12,073,639.11 Ending Seller Principal Balance 12,387,818.26 12,057,925.78 Additional Balances 413,033.25 312,760.44 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28648.5847% Ending Seller's Interest 5.54848.7885% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 101 Trust Balance 4,661,092.48 3,174,111.26 90+ days (Del Stat 3+) No. of Accounts 341 175 Trust Balance 11,136,447.57 5,493,989.97 270+ days (Del Stat 9+) No. of Accounts 199 100 Trust Balance 6,846,029.65 3,072,543.36 REO No. of Accounts 72 29 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?1,105,083.35

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 552,862.60 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 320,753,490.37 Ending Pool Balance 223,269,316.06 308,612,466.40 Beginning Invested Amount 222,713,392.46 301,523,652.71 Ending Invested Amount 210,881,497.80 289,418,195.78 Beginning Seller Principal Balance 12,430,702.41 19,229,837.66 Ending Seller Principal Balance 12,387,818.26 19,194,270.62 Additional Balances 413,033.25 484,679.37 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28646.00% Ending Seller's Interest 5.5484% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 Trust Balance 4,661,092.48 90+ days (Del Stat 3+) No. of Accounts 341 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 REO No. of Accounts 72 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?6.22%

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans 0 Retransferred pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 0.00 ($) Cumulative Mortgage Loans Retransferred 0.00 pursuant to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 260,197.02 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 298,506,252.64 Ending Pool Balance 223,269,316.06 288,412,782.06 Beginning Invested Amount 222,713,392.46 279,350,263.56 Ending Invested Amount 210,881,497.80 269,274,928.18 Beginning Seller Principal Balance 12,430,702.41 19,155,989.08 Ending Seller Principal Balance 12,387,818.26 19,137,853.88 Additional Balances 413,033.25 393,940.66 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28646.42% Ending Seller's Interest 5.54846.64% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 660 60 - 89 days (Del Stat 2) 23,321,322.47 No. of Accounts 130 187 Trust Balance 4,661,092.48 6,279,459.25 90+ days (Del Stat 3+) No. of Accounts 341 342 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 10,410,775.26 REO No. of Accounts 72 70 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?2,660,460.48

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 308,316.79 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 211,019,365.36 Ending Pool Balance 223,269,316.06 205,466,434.95 Beginning Invested Amount 222,713,392.46 191,327,036.97 Ending Invested Amount 210,881,497.80 185,805,869.85 Beginning Seller Principal Balance 12,430,702.41 19,692,328.39 Ending Seller Principal Balance 12,387,818.26 19,660,565.10 Additional Balances 413,033.25 276,599.20 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28649.33% Ending Seller's Interest 5.54849.57% Delinquency & REO Status 30 - 59 days (Del Stat 3) No. of Accounts Trust Balance 537 60 - 89 days (Del Stat 24) 18,318,033.86 No. of Accounts 130 120 Trust Balance 4,661,092.48 3,856,718.24 90+ days (Del Stat 35+) No. of Accounts 341 224 Trust Balance 11,136,447.57 6,470,370.24 270+ days (Del Stat 911+) No. of Accounts 199 131 Trust Balance 6,846,029.65 3,716,814.48 REO No. of Accounts 72 33 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?944,342.86

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 635,258.44 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 426,925,890.01 Ending Pool Balance 223,269,316.06 410,389,345.14 Beginning Invested Amount 222,713,392.46 406,483,727.22 Ending Invested Amount 210,881,497.80 389,983,315.41 Beginning Seller Principal Balance 12,430,702.41 20,442,162.79 Ending Seller Principal Balance 12,387,818.26 20,406,029.73 Additional Balances 413,033.25 637,434.84 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28644.79% Ending Seller's Interest 5.54844.97% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 961 60 - 89 days (Del Stat 2) 32,938,130.93 No. of Accounts 130 250 Trust Balance 4,661,092.48 9,120,225.53 90+ days (Del Stat 3+) No. of Accounts 341 542 Trust Balance 11,136,447.57 18,412,000.66 270+ days (Del Stat 9+) No. of Accounts 199 227 Trust Balance 6,846,029.65 8,606,504.38 REO No. of Accounts 72 74 Trust Balance 2,513,301.57 2,908,370.83 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 134,345.18 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 119,376,940.47 Ending Pool Balance 223,269,316.06 116,094,903.45 Beginning Invested Amount 222,713,392.46 107,407,707.08 Ending Invested Amount 210,881,497.80 104,140,645.46 Beginning Seller Principal Balance 12,430,702.41 11,969,233.39 Ending Seller Principal Balance 12,387,818.26 11,954,257.99 Additional Balances 413,033.25 146,759.61 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase of 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.286410.0264% Ending Seller's Interest 5.548410.2970% Delinquency & REO Status 60 - 89 days (Del Stat 24) No. of Accounts 130 67 Trust Balance 4,661,092.48 2,508,349.07 90+ days (Del Stat 35+) No. of Accounts 341 148 Trust Balance 11,136,447.57 3,950,928.32 270+ days (Del Stat 911+) No. of Accounts 199 93 Trust Balance 6,846,029.65 2,495,488.04 REO No. of Accounts 72 24 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?693,654.90

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 147,695.86 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 199,882,195.88 Ending Pool Balance 223,269,316.06 192,169,623.01 Beginning Invested Amount 222,713,392.46 187,590,425.95 Ending Invested Amount 210,881,497.80 179,887,931.70 Beginning Seller Principal Balance 12,430,702.41 12,291,769.93 Ending Seller Principal Balance 12,387,818.26 12,281,691.31 Additional Balances 413,033.25 306,946.70 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28646.1495% Ending Seller's Interest 5.54846.3911% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 128 Trust Balance 4,661,092.48 4,047,520.94 90+ days (Del Stat 3+) No. of Accounts 341 293 Trust Balance 11,136,447.57 9,505,128.39 270+ days (Del Stat 9+) No. of Accounts 199 152 Trust Balance 6,846,029.65 5,270,624.02 REO No. of Accounts 72 58 Trust Balance 2,513,301.57 1,962,375.34 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 176,007.50 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 112,894,986.09 Ending Pool Balance 223,269,316.06 109,658,454.47 Beginning Invested Amount 222,713,392.46 100,949,226.32 Ending Invested Amount 210,881,497.80 97,733,288.09 Beginning Seller Principal Balance 12,430,702.41 11,945,759.77 Ending Seller Principal Balance 12,387,818.26 11,925,166.38 Additional Balances 413,033.25 182,229.89 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase of 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.286410.5813% Ending Seller's Interest 5.548410.8748% Delinquency & REO Status 60 - 89 days (Del Stat 24) No. of Accounts 130 86 Trust Balance 4,661,092.48 2,655,166.32 90+ days (Del Stat 35+) No. of Accounts 341 131 Trust Balance 11,136,447.57 3,529,035.81 270+ days (Del Stat 911+) No. of Accounts 199 79 Trust Balance 6,846,029.65 1,950,265.24 REO No. of Accounts 72 21 Trust Balance 2,513,301.57 837,512.46 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's No Security Interest ? Failure to perform other covenants as described No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership relating No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts No exceed 1% of the Cut-off Balance and Pre-Funded Amount Distribution Date: 10/20/2000 Event of Default ? No Failure by Servicer to make payment within 5 No Bus. Days of Required Date ? Failure by Servicer to perform covenant relating No to Trust's Security Interest ? Failure by Servicer to perform other covenants No as described in the Agreement? Bankruptcy, Insolvency or Receivership relating No to Master Servicer ? Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid N/A directly from HFC) Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 326,545.24 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(vi)) 0.00 Amount paid to Trustee 0.00 Cumulative Draw under Policy 0.00 Net Yield 5.05% Total Available Funds Aggregate Amount of Collections 4,586,031.96 Deposit for principal not used to purchase 0.00 subsequent loans Interest Earnings on the Pre-Funding Account 0.00 Deposit from Capitalized Interest Account 0.00 Total 4,586,031.96 Application of Available Funds Servicing Fee 84,124.36 Prinicpal and Interest to Class A-1 3,775,552.31 Seller's portion of Principal and Interest 326,545.24 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 399,810.05 Total 4,586,031.96 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. A Servicing Officer Statement to Certificateholders (Page 1 of 2) Distribution Date: 10/20/2000 INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000) Class A Certificateholder Floating Allocation 89.4187% Percentage Class A Certificateholder Fixed Allocation 97.9000% Percentage Beginning Class A-1 Certificate Balance 97,695,857.32 Class A-1 Certificate Rate 6.873750% Class A-1 Certificate Interest Distributed 0.877606 Class A-1 Certificate Interest Shortfall 0.000000 Distributed Remaining Unpaid Class A-1 Certificate Interest 0.000000 Shortfall Rapid Amortization Event ? No Class A-1 Certificate Principal Distributed 5.043343 Maximum Principal Distribution Amount 4.946986 Scheduled Principal Distribution Amount (SPDA) 4.767322 Accelerated Principal Distribution Amount 0.000000 Aggregate Investor Liquidation Loss Amount 0.276021 Distributed Total Amount Distributed to Certificateholders 5.920949 Principal Collections deposited into Funding 0.00 Account Ending Funding Account Balance 0.00 Ending Class A-1 Certificate Balance 94,479,919.09 Class A-1 Factor 0.1481666 Pool Factor (PF) 0.1481666 Unreimbursed Liquidation Loss Amount $0.00 Accrued Interest on Unreimbursed Liquidation Loss $0.00 Amount Accrued & Unpaid Interest on Unreimbursed $0.00 Liquidation Loss Amount Class A Servicing Fee 84,124.36 Beginning Invested Amount 100,949,226.32 Ending Invested Amount 97,733,288.09 Beginning Pool Balance 112,894,986.09 Ending Pool Balance 109,658,454.47 Spread Account Draw Amount 0.00 Credit Enhancement Draw Amount 0.00 Distribution Date: 10/20/2000 DELINQUENCY & REO STATUS 60 - 89 days (Del Stat 2) No. of Accounts 86 Trust Balance 2,655,166.32 90+ days (Del Stat 3+) No. of Accounts 131 Trust Balance 3,529,035.81 REO No. of Accounts 21 Trust Balance 837,512.46

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant to 2.07 0 Cumulative Number of Mortgage Loans Retransferred pursuant to 2.07 0 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 37,801.59 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 780,372,705.01 Ending Pool Balance 223,269,316.06 765,067,539.43 Beginning Invested Amount 222,713,392.46 819,193,266.27 Ending Invested Amount 210,881,497.80 819,155,464.68 Beginning Seller Principal Balance 12,430,702.41 21,000,355.55 Ending Seller Principal Balance 12,387,818.26 20,998,220.44 Additional Balances 413,033.25 1,887,040.19 Beginning Funding Account Balance 0.00 59,820,916.81 Ending Funding Account Balance 0.00 75,086,145.69 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) 8.94% Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) 8.94% Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period $0.00 Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-$0.00 Excess Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Amount Beginning Spread Account Balance 6,506,737.00 2,100,714.00 Ending Spread Account Balance 6,506,737.00 2,100,714.00 Beginning Seller Interest 5.28642.69% Ending Seller's Interest 5.54842.74% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts 1,379 Trust Balance 51,505,525.33 60 - 89 days (Del Stat 2) No. of Accounts 130 235 Trust Balance 4,661,092.48 7,993,235.78 90+ days (Del Stat 3+) No. of Accounts 341 258 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 9,211,211.10 REO No. of Accounts 72 1 Trust Balance 2,513,301.57 25,483.95 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? No Failure to perform covenant relating to No Trust's Security Interest ? No Failure to perform other covenants as No described in the Agreement ? No Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller Seller? No Subject to Investment Company Act of 1940 No Regulation ? No Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the Cut-off Balance and Pre-Funded Amount No

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 284,255.57 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 130,032,530.96 Ending Pool Balance 223,269,316.06 126,694,523.87 Beginning Invested Amount 222,713,392.46 118,021,791.30 Ending Invested Amount 210,881,497.80 114,712,756.91 Beginning Seller Principal Balance 12,430,702.41 12,010,739.66 Ending Seller Principal Balance 12,387,818.26 11,981,766.96 Additional Balances 413,033.25 278,861.51 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% purchase of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period Principal Collections to purchase Additional 0.00 Balances and/or paid to Cert. Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28649.2367% Ending Seller's Interest 5.54849.4572% Delinquency & REO Status 60 - 89 days (Del Stat 24) No. of Accounts 130 65 Trust Balance 4,661,092.48 2,275,338.15 90+ days (Del Stat 35+) No. of Accounts 341 161 Trust Balance 11,136,447.57 4,724,613.21 270+ days (Del Stat 911+) No. of Accounts 199 97 Trust Balance 6,846,029.65 2,668,983.18 REO No. of Accounts 72 29 Trust Balance 2,513,301.57 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?785,621.92

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 755,847.58 497,113.43 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 516,746,407.57 Ending Pool Balance 223,269,316.06 492,488,671.99 Beginning Invested Amount 222,713,392.46 496,756,956.51 Ending Invested Amount 210,881,497.80 472,885,510.99 Beginning Seller Principal Balance 12,430,702.41 19,989,451.06 Ending Seller Principal Balance 12,387,818.26 19,603,161.00 Additional Balances 413,033.25 937,920.48 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Beginning Pre-Investment Earnings on Funding Account Balance $0.00 Ending Pre-Excess Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) Ending Capitalized Interest Account Amount $0.00 Beginning Spread Account Balance 6,506,737.00 2,786,983.00 Ending Spread Account Balance 6,506,737.00 2,786,983.00 Beginning Seller Interest 5.28643.87% Ending Seller's Interest 5.54843.98% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 1,158 60 - 89 days (Del Stat 2) 38,952,020.71 No. of Accounts 130 330 Trust Balance 4,661,092.48 10,530,377.16 90+ days (Del Stat 3+) No. of Accounts 341 579 Trust Balance 11,136,447.57 270+ days (Del Stat 9+) No. of Accounts 199 Trust Balance 6,846,029.65 18,846,931.15 REO No. of Accounts 72 61 Trust Balance 2,513,301.57 2,567,919.93 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?

Accrued and Unpaid Inv. Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Aggregate Investor Liquidation Loss Amount 755,847.58 680,418.21 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 235,144,094.87 432,477,733.93 Ending Pool Balance 223,269,316.06 416,475,881.53 Beginning Invested Amount 222,713,392.46 419,660,955.73 Ending Invested Amount 210,881,497.80 403,680,571.02 Beginning Seller Principal Balance 12,430,702.41 12,816,778.20 Ending Seller Principal Balance 12,387,818.26 12,795,310.51 Additional Balances 413,033.25 693,426.25 Beginning Funding Account Balance 0.00 Servicer Certificate (Page 2 of 3) Distribution Date: 08/20/97 Ending Funding Account Balance 0.00 Ending Funding Account Balance Acct Bal % (before any purchase of Subsequent Loans or re 0.00% Ending Funding Acct Bal % (after purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans 0.00 Purchased in Period 0.00 Principal Collections to purchase Additional 0.00 Add' Balances and/or paid to Cert. 0.00 Beginning Pre-Funding Account Balance 0.00 Ending Pre-Funding Account Balance 0.00 Pre-Funding Earnings 0.00 Beginning Capitalized Interest Account 0.00 Capital Interest Requirement (Transferred to 0.00 Collection Account) 0.00 Ending Capitalized Interest Account 0.00 Beginning Spread Account Balance 6,506,737.00 Ending Spread Account Balance 6,506,737.00 Beginning Seller Interest 5.28642.9636% Ending Seller's Interest 5.54843.0723% Delinquency & REO Status 60 - 89 days (Del Stat 2) No. of Accounts 130 238 Trust Balance 4,661,092.48 8,323,162.70 90+ days (Del Stat 3+) No. of Accounts 341 481 Trust Balance 11,136,447.57 17,398,856.99 270+ days (Del Stat 9+) No. of Accounts 199 147 Trust Balance 6,846,029.65 5,389,331.80 REO No. of Accounts 72 27 Trust Balance 2,513,301.57 1,110,318.70 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? No Failure to perform covenant relating to No Trust's Security Interest ? No Failure to perform other covenants as No described in the Agreement ? No Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? No Subject to Investment Company Act of 1940 No Regulation ? No Servicing Termination ?? No Aggregate of Credit Enhancement Draw Amounts exceed 1% of the Cut-off Bal No Event of Default ? No Failure by Servicer to make payment within 5 Bus. Days of Required Date ? No Failure by Servicer to perform covenant relating to Trust's Security Int No Failure by Servicer to perform other covenants as described in the Agreemt No Bankruptcy, Insolvency or Receivership relating to Master Servicer ? No Trigger Event ? No Policy Fee Distributed to Credit Enhancer (Paid directly from HFC) N/A Premium Distributed to Credit Enhancer 0.00 Amount Distributed to Seller 835,502.49 Master Servicer Credit Facility Amount 0.00 Guaranteed Principal Distribution Amount 0.00 Credit Enhancement Draw Amount 0.00 Spread Account Draw Amount 0.00 Capitalized Interest Account Draw 0.00 Amount re-imbursed to Credit Enhancer (5.01(a)(vi)) 0.00 Amount paid to Trustee 0.00 Cumulative Draw under Policy 0.00 Net Yield 4.60% Total Available Funds Aggregate Amount of Collections 20,787,435.11 Deposit for principal not used to purchase subsequent loans 0.00 Interest Earnings on the Pre-Funding Account 0.00 Deposit from Capitalized Interest Account 0.00 Total 20,787,435.11 Servicer Certificate (Page 3 of 3) Distribution Date: 08/20/97 Application of Available Funds Servicing Fee 349,717.46 Principal and Interest to Class A-1 18,032,600.92 Seller's portion of Principal and Interest 835,502.49 Funds deposited into Funding Account (Net) 0.00 Funds deposited into Spread Account 0.00 Excess funds released to Seller 1,569,614.24 Total 20,787,435.11 OFFICERS'S CERTIFICATE All computations reflected in this Servicer Certificate were made in conformity with the Pooling and Servicing Agreement. The attached Servicing Certificate is true and correct in all material respects. Servicing Officer