Household Finance Corporation
Household Revolving Home Equity Loan
Revolving Home Equity Loan Asset Backed Certificates - Series
1995-2
P & S Agreement Date: Nov 1, 1995
Original Settlement Date: Nov 21, 1995
Series Number of Class A-1 Certificates: 000000XX0
Series Number of Class A-2 Certificates: N/A
Original Sale Balance: $637,660,000
Servicer Certificate (Page 1 of 3)
Distribution Date:
10/21/96
Investor Certificateholder Floating Allocation Percentage
97.73%
Investor Certificateholder Fixed Allocation Percentage
97.90%
Aggregate Amount of Collections
25,227,030.93
Aggregate Amount of Interest Collections
6,516,222.57
Aggregate Amount of Principal Collections
18,710,808.36
Int. Collections Alloc. to Investor
6,368,415.09
Class A Principal Collections
17,004,843.88
Seller Interest Collections
147,807.48
Seller Principal Collections
1,705,964.48
Weighted Average Loan Rate
13.90%
Net Loan Rate
12.90%
Class A-1 Certificate Rate
5.7305%
Maximum Investor Certificate Rate
12.9500%
Class A-1 Certificate Interest Distributed
2,739,999.94
Class A-1 Investor Certificate Interest Shortfall before Draw
0.00
Unpaid Class A-1 Certificate Interest Shortfall Received
0.00
Unpaid Class A-1 Certificate Interest Shortfall Remaining
0.00
Unpaid Class A-1 Carryover Interest Amount
0.00
Maximum Principal Dist. Amount (MPDA)
18,317,881.38
Alternative Principal Dist. Amount (APDA)
17,004,843.88
Rapid Amortization Period? (Y=1, N=0)
0.00
Scheduled Principal Distribution Amount (SPDA)
17,004,843.88
Principal allocable to Class A-1
17,004,843.88
SPDA deposited to Funding Account
0.00
Accelerated Principal Distribution Amount
0.00
APDA allocable to Class A-1
0.00
Reimbursement to Credit Enhancer
0.00
Spread Trigger hit?
No
Reduction in Certificate Principal Balance
due to Current Class A-1 Liquidation Loss Amount
220,063.79
Cumulative Investor Liquidation Loss Amount
220,063.79
Total Principal allocable to A-1
17,224,907.67
Beginning Class A-1 Certificate Principal Balance
555,266,046.02
Ending Class A-1 Certificate Principal Balance
538,041,138.35
Pool Factor (PF)
0.8437743
Servicer Certificate (Page 2 of 3)
Distribution Date:
10/21/96
Retransfer Deposit Amount
0.00
Servicing Fees Distributed
465,432.85
Beg. 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
220,063.79
Investor Loss Reduction Amount
0.00
Beginning Pool Balance
571,482,426.89
Ending Pool Balance
554,250,429.58
Beginning Invested Amount
558,519,415.02
Ending Invested Amount
541,294,507.35
Beginning Seller Principal Balance
12,963,011.87
Ending Seller Principal Balance
12,955,922.23
Additional Balances
1,705,964.48
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 Ce 0.00%
Ending Funding Account Balance % (after purchase of Subsequent
Loans or release to Certs.) 0.00%
Principal Balance of Subsequent Funding Loans Purchased in Period
0.00
Principal Collections to purchase Additional 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 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
2.2683%
Ending Seller's Interest
2.3376%
Delinquency & REO Status
60 - 89 days (Del Stat 2)
No. of Accounts
183
Trust Balance
6,424,379.11
90+ days (Del Stat 3+)
No. of Accounts
295
Trust Balance
10,636,186.08
REO
No. of Accounts
6
Trust Balance
340,918.46
Rapid Amortization Event ?
No
Failure to make payment within 5 Business Days of Required Date
? No
Failure to perform covenant relating to Trust's Security
Interest ? No
Failure to perform other covenants as described in the Agreement
? No
Breach of Representation or Warranty ?
No
Bankruptcy, Insolvency or Receivership relating to Seller ?
No
Subject to Investment Company Act of 1940 Regulation ?
No
Servicing Termination ?
No
Aggregate of Credit Enhancement Draw Amounts exceed 1% of the
Cut-off Balance and Pre-FNo
Servicer Certificate (Page 3 of 3)
Distribution Date:
10/21/96
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
1,853,771.96
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
6.11%
Total Available Funds
Aggregate Amount of Collections
25,227,030.93
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
25,227,030.93
Application of Available Funds
Servicing Fee
465,432.85
Prinicpal and Interest to Class A-1
19,964,907.61
Seller's portion of Principal and Interest
1,853,771.96
Funds deposited into Funding Account (Net)
0.00
Funds deposited into Spread Account
0.00
Excess funds released to Seller
2,942,918.51
Total
25,227,030.93
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.
Attached as Exhibit A hereto is a list of all Mortgage Loans with
respect to which the Trust Balances have been paid in full and
all amounts received in connections with the payment of such
Trust Balances which are required to be deposited in the
Certificate Account or credited to the Mortgage Loan Payment
Record pursuant to Section 3.02 of the Agreement have been
so deposited.
A Servicing Officer
Statement to Certificateholders (Page 1 of 2)
Distribution Date:
10/21/96
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000)
Class A Certificateholder Floating Allocation Percentage
97.7317%
Class A Certificateholder Fixed Allocation Percentage
97.9000%
Beginning Class A-1 Certificate Balance
555,266,046.02
Class A-1 Certificate Rate
5.730470%
Class A-1 Certificate Interest Distributed
4.402135
Class A-1 Certificate Interest Shortfall Distributed
0.000000
Remaining Unpaid Class A-1 Certificate Interest Shortfall
0.000000
Rapid Amortization Event ?
No
Class A-1 Certificate Principal Distributed
23.272149
Maximum Principal Distribution Amount
25.261498
Scheduled Principal Distribution Amount (SPDA)
22.755153
Accelerated Principal Distribution Amount
0.000000
Aggregate Investor Liquidation Loss Amount Distributed
0.516996
Total Amount Distributed to Certificateholders
27.157288
Principal Collections deposited into Funding Account
0.00
Ending Funding Account Balance
0.00
Ending Class A-1 Certificate Balance
538,041,138.35
Class A-1 Factor
0.9705084
Pool Factor (PF)
0.9705084
Unreimbursed Liquidation Loss Amount
$0
Accrued Interest on Unreimbursed Liquidation Loss Amount
$0
Accrued & Unpaid Interest on Unreimbursed Liquidation Loss Amount
$0
Class A Servicing Fee
465,432.85
Beginning Invested Amount
558,519,415.02
Ending Invested Amount
541,294,507.35
Beginning Pool Balance
571,482,426.89
Ending Pool Balance
554,250,429.58
Spread Account Draw Amount
0.00
Credit Enhancement Draw Amount
0.00
Statement to Certificateholders (Page 2 of 2)
Distribution Date:
10/21/96
DELINQUENCY & REO STATUS
60 - 89 days (Del Stat 2)
No. of Accounts
183
Trust Balance
6,424,379.11
90+ days (Del Stat 3+)
No. of Accounts
295
Trust Balance
10,636,186.08
REO
No. of Accounts
6
Trust Balance
340,918.46
Aggregate Liquidation Loss Amount for Liquidated Loans
169,884.35
Class A-1 Certificate Rate for Next Distribution Date
To be updated
Amount of any Draws on the Policy
0.00
Subsequent Mortgage Loans
No. of Accounts
0.00
Trust Balance
0.00
Pre-Funded Amount (Ending)
0.00
Subsequent Pre-Funding Mortgage Loans
No. of Accounts
0
Trust Balance
0.00
Capitalized Interest Account (Ending)
0.00
Earnings on the Pre-Funding Account
0.00
