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Household Finance Corporation
Household Revolving Home Equity Loan
Revolving Home Equity Loan Asset Backed
Certificates - Series 1995-1
P & S Agreement Date: May 1, 1995
Original Settlement Date: May 25, 1995
Series Number of Class A-1 Certificates:
000000XX0
Series Number of Class A-2 Certificates:
000000XX0
Original Sale Balance: $474,825,000
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Servicer Certificate (Page 1 of 3)
Distribution Date: 05/20/99
Investor Certificateholder Floating Allocation 91.42%
Percentage
Investor Certificateholder Fixed Allocation 97.90%
Percentage
Aggregate Amount of Collections 5,798,277.73
Aggregate Amount of Interest Collections 1,356,076.85
Aggregate Amount of Principal Collections 4,442,200.88
Class A Interest Collections 1,239,772.34
Class A Principal Collections 4,237,271.40
Seller Interest Collections 116,304.51
Seller Principal Collections 204,929.48
Weighted Average Loan Rate 13.31%
Net Loan Rate 12.31%
Weighted Average Maximum Loan Rate 19.67%
Class A-1 Certificate Rate 5.15%
Maximum Investor Certificate Rate 12.31%
Class A-1 Certificate Interest Distributed 388,386.12
Class A-1 Investor Certificate Interest Shortfall 0.00
before Policy Draw
Unpaid Class A-1 Certificate Interest Shortfall 0.00
Received
Unpaid Class A-1 Certificate Interest Shortfall 0.00
Remaining
Unpaid Class A-1 Carryover Interest Amount 0.00
Class A-2 Certificate Rate 5.06%
Maximum Investor Certificate Rate 12.31%
Class A-2 Certificate Interest Distributed 16,787.81
Class A-2 Investor Certificate Interest Shortfall 0.00
before Policy Draw
Unpaid Class A-2 Certificate Interest Shortfall 0.00
Received
Unpaid Class A-2 Certificate Interest Shortfall 0.00
Remaining
Unpaid Class A-2 Carryover Interest Amount 0.00
Maximum Principal Dist. Amount (MPDA) 4,349,114.56
Alternative Principal Dist. Amount (APDA) 4,237,271.40
Rapid Amortization Period? (Y=1, N=0) 0.00
Scheduled Principal Distribution Amount (SPDA) 4,237,271.40
Principal allocable to Class A-1 4,058,793.29
Principal allocable to Class A-2 178,478.11
SPDA deposited to Funding Account 0.00
Accelerated Principal Distribution Amount 0.00
APDA allocable to Class A-1 0.00
APDA allocable to Class A-2 0.00
Reimbursement to Credit Enhancer 0.00
Reduction in Certificate Principal Balance
due to Current Class A-1 Liquidation Loss 279,201.28
Amount
Reduction in Certificate Principal Balance
due to Current Class A-2 Liquidation Loss 12,277.37
Amount
Cumulative Investor Liquidation Loss Amount 291,478.65
Total Principal allocable to A-1 4,337,994.57
Total Principal allocable to A-2 190,755.48
Beginning Class A-1 Certificate Principal Balance 90,541,688.77
Beginning Class A-2 Certificate Principal Balance 3,981,298.93
Ending Class A-1 Certificate Principal Balance 86,203,694.20
Ending Class A-2 Certificate Principal Balance 3,790,543.45
Class A-1 Factor 0.1895316
Class A-2 Factor 0.1895272
Pool Factor (PF) 0.2094380
Servicer Certificate (Page 2 of 3)
Distribution Date: 05/20/99
Retransfer Deposit Amount 0.00
Servicing Fees Distributed 80,787.98
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 291,478.65
Investor Loss Reduction Amount 0.00
Beginning Pool Balance 106,040,154.06
Ending Pool Balance 101,476,337.46
Beginning Invested Amount 96,945,574.70
Ending Invested Amount 92,416,824.65
Beginning Seller Principal Balance 9,094,579.36
Ending Seller Principal Balance 9,059,512.81
Additional Balances 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)
Principal Balance of Subsequent Loans 0.00
Beginning Reserve Account Balance 1,211,294.00
Ending Reserve Account Balance 1,211,294.00
Beginning Seller Interest 7.7001%
Ending Seller's Interest 8.9277%
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 63
Trust Balance 1,609,892.32
90+ days (Del Stat 3+)
No. of Accounts 182
Trust Balance 6,030,161.91
270+ days (Del Stat 9+)
No. of Accounts 117
Trust Balance 3,777,819.73
REO
No. of Accounts 44
Trust Balance 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
Servicer Certificate (Page 3 of 3)
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.
A Servicing Officer
Statement to Certificateholders (Page 1 of 2)
Distribution Date: 05/20/99
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER
$1000)
Class A Certificateholder Floating Allocation 91.4235%
Percentage
Class A Certificateholder Fixed Allocation 97.9045%
Percentage
Beginning Class A-1 Certificate Balance 90,541,688.77
Beginning Class A-2 Certificate Balance 3,981,298.93
Class A-1 Certificate Rate 5.14750%
Class A-2 Certificate Rate 5.06000%
Class A-1 Certificate Interest Distributed 0.853924
Class A-2 Certificate Interest Distributed 0.839391
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 9.537722
Class A-2 Certificate Principal Distributed 9.537774
Maximum Principal Distribution Amount 9.159405
Scheduled Principal Distribution Amount 8.923859
(SPDA)
Accelerated Principal Distribution Amount 0.000000
Aggregate Investor Liquidation Loss Amount 0.613865
Distributed
Total Amount Distributed to Certificateholders 10.391037
Principal Collections deposited into Funding 0.00
Account
Ending Funding Account Balance 0.00
Ending Class A-1 Certificate Balance 86,203,694.20
Ending Class A-2 Certificate Balance 3,790,543.45
Class A-1 Factor 0.1895316
Class A-2 Factor 0.1895272
Pool Factor (PF) 0.2094380
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 80,787.98
Beginning Invested Amount 96,945,574.70
Ending Invested Amount 92,416,824.65
Beginning Pool Balance 106,040,154.06
Ending Pool Balance 101,476,337.46
Credit Enhancement Draw Amount 0.00
Statement to Certificateholders (Page 2 of 2)
Distribution Date: 05/20/99
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 63
Trust Balance 1,609,892.32
90+ days (Del Stat 3+)
No. of Accounts 182
Trust Balance 6,030,161.91
REO
No. of Accounts 44
Trust Balance 1,728,737.55
Aggregate Liquidation Loss Amount for Liquidated 230,210.06
Loans
Class A-1 Certificate Rate for Next Distribution To be updated
Date
Class A-2 Certificate Rate for Next Distribution To be updated
Date
Amount of any Draws on the Policy 0.00
Subsequent Mortgage Loans
No. of Accounts 0.00
Trust Balance 0.00
