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: 08/20/98
Investor Certificateholder Floating
Allocation Percentage 95.55%
Investor Certificateholder Fixed Allocation Percentage 97.90%
Aggregate Amount of Collections 15,522,829.67
Aggregate Amount of Interest Collections 3,188,210.75
Aggregate Amount of Principal Collections 12,334,618.92
Int. Collections Alloc. to Investor 3,046,177.24
Class A Principal Collections 11,946,192.35
Seller Interest Collections 142,033.51
Seller Principal Collections 388,426.57
Weighted Average Loan Rate 13.73%
Net Loan Rate 12.73%
Weighted Average Maximum Loan Rate 18.90%
Class A-1 Certificate Rate 5.9063%
Maximum Investor Certificate Rate 12.9500%
Class A-1 Certificate Interest Distributed 1,348,246.16
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) 12,075,591.92
Alternative Principal Dist. Amount (APDA) 11,946,192.35
Rapid Amortization Period? (Y=1, N=0) 0.00
Scheduled Principal Distribution Amount (SPDA) 11,946,192.35
Principal allocable to Class A-1 11,946,192.35
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 66,781.38
Cumulative Investor Liquidation Loss Amount 66,781.38
Total Principal allocable to A-1 12,012,973.73
Beginning Class A-1 Certificate Principal Balance 265,092,947.86
Ending Class A-1 Certificate Principal Balance 253,079,974.13
Pool Factor (PF) 0.3968886
Servicer Certificate (Page 2 of 3)
Distribution Date: 08/20/98
Retransfer Deposit Amount 0.00
Servicing Fees Distributed 223,621.93
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 66,781.38*
Investor Loss Reduction Amount 0.00
Beginning Pool Balance 280,858,448.17
Ending Pool Balance 268,842,116.16
Beginning Invested Amount 268,346,316.86
Ending Invested Amount 256,333,343.13
Beginning Seller Principal Balance 12,512,131.31
Ending Seller Principal Balance 12,508,773.03
Additional Balances 388,426.57
Beginning Funding Account Balance 0.00
Ending Funding Account Balance 0.00
Ending Funding Account Balance % (before
any purchase of Subsequent Loans or rele 0.00%
Ending Funding Account Balance % (after purchase
of Subsequent Loans or release t 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 4.4550%
Ending Seller's Interest 4.6528%
Delinquency & REO Status
60 - 89 days (Del Stat 2)
No. of Accounts 165
Trust Balance 5,847,671.53
90+ days (Del Stat 3+)
No. of Accounts 422
Trust Balance 13,852,704.74
270+ days (Del Stat 9+)
No. of Accounts 215
Trust Balance 7,623,470.34
REO
No. of Accounts 55
Trust Balance 2,267,321.34
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 No
Servicer Certificate (Page 3 of 3)
Distribution Date: 08/20/98
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 530,460.08
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 5.33%
Total Available Funds
Aggregate Amount of Collections 15,522,829.67
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 15,522,829.67
Application of Available Funds
Servicing Fee 223,621.93
Prinicpal and Interest to Class A-1 13,361,219.89
Seller's portion of Principal and Interest 530,460.08
Funds deposited into Funding Account (Net) 0.00
Funds deposited into Spread Account 0.00
Excess funds released to Seller 1,407,527.77
Total 15,522,829.67
*As a result of the merger with Beneficial, Household
has adopted Beneficial's charge-off policy relating to
real estate secured receivables. This has resulted in
lower net realized losses this month.
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: 08/20/98
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000)
Class A Certificateholder Floating
Allocation Percentage 95.5450%
Class A Certificateholder Fixed Allocation Percentage 97.9000%
Beginning Class A-1 Certificate Balance 265,092,947.86
Class A-1 Certificate Rate 5.906250%
Class A-1 Certificate Interest Distributed 2.114365
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 18.839152
Maximum Principal Distribution Amount 18.937352
Scheduled Principal Distribution Amount (SPDA) 18.734423
Accelerated Principal Distribution Amount 0.000000
Aggregate Investor Liquidation Loss
Amount Distributed 0.104729
Total Amount Distributed to Certificateholders 20.848789
Principal Collections deposited into Funding Account 0.00
Ending Funding Account Balance 0.00
Ending Class A-1 Certificate Balance 253,079,974.13
Class A-1 Factor 0.3968886
Pool Factor (PF) 0.3968886
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 223,621.93
Beginning Invested Amount 268,346,316.86
Ending Invested Amount 256,333,343.13
Beginning Pool Balance 280,858,448.17
Ending Pool Balance 268,842,116.16
Spread Account Draw Amount 0.00
Credit Enhancement Draw Amount 0.00
Statement to Certificateholders (Page 2 of 2)
Distribution Date: 08/20/98
DELINQUENCY & REO STATUS
60 - 89 days (Del Stat 2)
No. of Accounts 165
Trust Balance 5,847,671.53
90+ days (Del Stat 3+)
No. of Accounts 422
Trust Balance 13,852,704.74
REO
No. of Accounts 55
Trust Balance 2,267,321.34
Aggregate Liquidation Loss Amount for
Liquidated Loans 547,558.89
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
