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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: 08/20/99
Investor Certificateholder Floating Allocation 90.45%
Percentage
Investor Certificateholder Fixed Allocation 97.90%
Percentage
Aggregate Amount of Collections 4,141,142.55
Aggregate Amount of Interest Collections 1,072,966.47
Aggregate Amount of Principal Collections 3,068,176.08
Class A Interest Collections 970,515.37
Class A Principal Collections 2,887,392.66
Seller Interest Collections 102,451.10
Seller Principal Collections 180,783.42
Weighted Average Loan Rate 13.39%
Net Loan Rate 12.39%
Weighted Average Maximum Loan Rate 19.71%
Class A-1 Certificate Rate 5.40%
Maximum Investor Certificate Rate 12.39%
Class A-1 Certificate Interest Distributed 369,812.17
Class A-1 Investor Certificate Interest 0.00
Shortfall 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 5.34%
Maximum Investor Certificate Rate 12.39%
Class A-2 Certificate Interest Distributed 16,080.64
Class A-2 Investor Certificate Interest 0.00
Shortfall 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) 3,003,882.45
Alternative Principal Dist. Xxxxxx (APDA) 2,887,392.66
Rapid Amortization Period? (Y=1, N=0) 0.00
Scheduled Principal Distribution Amount (SPDA) 2,887,392.66
Principal allocable to Class A-1 2,765,772.79
Principal allocable to Class A-2 121,619.87
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 287,365.23
Amount
Reduction in Certificate Principal Balance
due to Current Class A-2 Liquidation Loss 12,636.37
Amount
Cumulative Investor Liquidation Loss Amount 300,001.60
Total Principal allocable to A-1 3,053,138.02
Total Principal allocable to A-2 134,256.24
Beginning Class A-1 Certificate Principal 79,529,498.41
Balance
Beginning Class A-2 Certificate Principal 3,497,057.73
Balance
Ending Class A-1 Certificate Principal Balance 76,476,360.39
Ending Class A-2 Certificate Principal Balance 3,362,801.49
Class A-1 Factor 0.1681446
Class A-2 Factor 0.1681401
Pool Factor (PF) 0.1883321
Servicer Certificate (Page 2 of 3)
Distribution Date: 08/20/99
Retransfer Deposit Amount 0.00
Servicing Fees Distributed 71,207.62
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 300,001.60
Investor Loss Reduction Amount 0.00
Beginning Pool Balance 94,469,463.05
Ending Pool Balance 91,250,164.19
Beginning Invested Amount 85,449,143.14
Ending Invested Amount 82,261,748.88
Beginning Seller Principal Balance 9,020,319.91
Ending Seller Principal Balance 8,988,415.31
Additional Balances 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)
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 8.5065%
Ending Seller's Interest 9.8503%
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 70
Trust Balance 2,238,844.82
90+ days (Del Stat 3+)
No. of Accounts 134
Trust Balance 3,948,404.02
270+ days (Del Stat 9+)
No. of Accounts 117
Trust Balance 3,777,819.73
REO
No. of Accounts 24
Trust Balance 900,800.60
Rapid Amortization Event ? No
Failure to make payment within 5 Business No
Days 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: 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.
A Servicing Officer
Statement to Certificateholders (Page 1 of 2)
Distribution Date: 08/20/99
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER
$1000)
Class A Certificateholder Floating Allocation 90.4516%
Percentage
Class A Certificateholder Fixed Allocation 97.9045%
Percentage
Beginning Class A-1 Certificate Balance 79,529,498.41
Beginning Class A-2 Certificate Balance 3,497,057.73
Class A-1 Certificate Rate 5.40000%
Class A-2 Certificate Rate 5.34000%
Class A-1 Certificate Interest Distributed 0.813087
Class A-2 Certificate Interest Distributed 0.804032
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 6.712775
Class A-2 Certificate Principal Distributed 6.712812
Maximum Principal Distribution Amount 6.326294
Scheduled Principal Distribution Amount 6.080962
(SPDA)
Accelerated Principal Distribution Amount 0.000000
Aggregate Investor Liquidation Loss Amount 0.631815
Distributed
Total Amount Distributed to Certificateholders 7.525482
Principal Collections deposited into Funding 0.00
Account
Ending Funding Account Balance 0.00
Ending Class A-1 Certificate Balance 76,476,360.39
Ending Class A-2 Certificate Balance 3,362,801.49
Class A-1 Factor 0.1681446
Class A-2 Factor 0.1681401
Pool Factor (PF) 0.1883321
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 71,207.62
Beginning Invested Amount 85,449,143.14
Ending Invested Amount 82,261,748.88
Beginning Pool Balance 94,469,463.05
Ending Pool Balance 91,250,164.19
Credit Enhancement Draw Amount 0.00
Statement to Certificateholders (Page 2 of 2)
Distribution Date: 08/20/99
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 70
Trust Balance 2,238,844.82
90+ days (Del Stat 3+)
No. of Accounts 134
Trust Balance 3,948,404.02
REO
No. of Accounts 24
Trust Balance 900,800.60
Aggregate Liquidation Loss Amount for 287,517.85
Liquidated Loans
Class A-1 Certificate Rate for Next To be updated
Distribution Date
Class A-2 Certificate Rate for Next To be updated
Distribution Date
Amount of any Draws on the Policy 0.00
Subsequent Mortgage Loans
No. of Accounts 0.00
Trust Balance 0.00
