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: 01/21/97
Investor Certificateholder Floating Allocation Percentage 97.53%
Investor Certificateholder Fixed Allocation Percentage 97.90%
Aggregate Amount of Collections 18,792,290.96
Aggregate Amount of Interest Collections 5,497,701.35
Aggregate Amount of Principal Collections 13,294,589.61
Int. Collections Alloc. to Investor 5,361,968.60
Class A Principal Collections 11,783,672.20
Seller Interest Collections 135,732.75
Seller Principal Collections 1,510,917.41
Weighted Average Loan Rate 13.90%
Net Loan Rate 12.90%
Class A-1 Certificate Rate 5.8945%
Maximum Investor Certificate Rate 12.9500%
Class A-1 Certificate Interest Distributed 2,662,455.17
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) 13,015,403.23
Alternative Principal Dist. Xxxxxx (APDA) 11,783,672.20
Rapid Amortization Period? (Y=1, N=0) 0.00
Scheduled Principal Distribution Amount (SPDA) 11,783,672.20
Principal allocable to Class A-1 11,783,672.20
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 695,351.43
Cumulative Investor Liquidation Loss Amount 695,351.43
Total Principal allocable to A-1 12,479,023.63
Beginning Class A-1 Certificate Principal Balance 508,142,645.74
Ending Class A-1 Certificate Principal Balance 495,663,622.11
Pool Factor (PF) 0.7773165
Servicer Certificate (Page 2 of 3)
Distribution Date: 01/21/97
Retransfer Deposit Amount 0.00
Servicing Fees Distributed 426,163.35
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 695,351.43
Investor Loss Reduction Amount 0.00
Beginning Pool Balance 524,341,295.72
Ending Pool Balance 511,843,949.28
Beginning Invested Amount 511,396,014.74
Ending Invested Amount 498,916,991.11
Beginning Seller Principal Balance 12,945,280.98
Ending Seller Principal Balance 12,926,958.17
Additional Balances 1,510,917.41
Beginning Funding Account Balance 0.00
Ending Funding Account Balance 0.00
Ending Funding Account Balance % (before any purchase of Subsequent 0.00%
Ending Funding Account Balance % (after purchase of Subsequent Loans 0.00%
Principal Balance of Subsequent Funding Loans Purchased in Period 0.00
Principal Collections to purchase Additional Balances and/or paid to 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 2.4689%
Ending Seller's Interest 2.5256%
Delinquency & REO Status
60 - 89 days (Del Stat 2)
No. of Accounts 155
Trust Balance 5,010,934.07
90+ days (Del Stat 3+)
No. of Accounts 336
Trust Balance 12,454,009.73
270+ days (Del Stat 9+)
No. of Accounts 93
Trust Balance 3,785,314.26
REO
No. of Accounts 11
Trust Balance 507,080.04
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 InterestNo
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 CutNo
Servicer Certificate (Page 3 of 3)
Distribution Date: 01/21/97
Event of Default ? No
Failure by Servicer to make payment within 5 Bus. Days of RequireNo
Failure by Servicer to perform covenant relating to Trust's SecurNo
Failure by Servicer to perform other covenants as described in thNo
Bankruptcy, Insolvency or Receivership relating to Master ServiceNo
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 1,646,650.16
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 5.76%
Total Available Funds
Aggregate Amount of Collections 18,792,290.96
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 18,792,290.96
Application of Available Funds
Servicing Fee 426,163.35
Prinicpal and Interest to Class A-1 15,141,478.80
Seller's portion of Principal and Interest 1,646,650.16
Funds deposited into Funding Account (Net) 0.00
Funds deposited into Spread Account 0.00
Excess funds released to Seller 1,577,998.65
Total 18,792,290.96
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.
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: 01/21/97
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000)
Class A Certificateholder Floating Allocation Percentage 97.5311%
Class A Certificateholder Fixed Allocation Percentage 97.9000%
Beginning Class A-1 Certificate Balance 508,142,645.74
Class A-1 Certificate Rate 5.894530%
Class A-1 Certificate Interest Distributed 4.175352
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 19.570027
Maximum Principal Distribution Amount 20.411196
Scheduled Principal Distribution Amount (SPDA) 18.479554
Accelerated Principal Distribution Amount 0.000000
Aggregate Investor Liquidation Loss Amount Distributed 1.090474
Total Amount Distributed to Certificateholders 22.654906
Principal Collections deposited into Funding Account 0.00
Ending Funding Account Balance 0.00
Ending Class A-1 Certificate Balance 495,663,622.11
Class A-1 Factor 0.7773165
Pool Factor (PF) 0.7773165
Unreimbursed Liquidation Loss Amount $0.00
Accrued Interest on Unreimbursed Liquidation Loss Amount $0.00
Accrued & Unpaid Interest on Unreimbursed Liquidation Loss Amount $0.00
Class A Servicing Fee 426,163.35
Beginning Invested Amount 511,396,014.74
Ending Invested Amount 498,916,991.11
Beginning Pool Balance 524,341,295.72
Ending Pool Balance 511,843,949.28
Spread Account Draw Amount 0.00
Credit Enhancement Draw Amount 0.00
Statement to Certificateholders (Page 2 of 2)
Distribution Date: 01/21/97
DELINQUENCY & REO STATUS
60 - 89 days (Del Stat 2)
No. of Accounts 155
Trust Balance 5,010,934.07
90+ days (Del Stat 3+)
No. of Accounts 336
Trust Balance 12,454,009.73
REO
No. of Accounts 11
Trust Balance 507,080.04
Aggregate Liquidation Loss Amount for Liquidated Loans 616,168.54
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
