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: 05/20/97
Investor Certificateholder Floating Allocation Percentage 97.29%
Investor Certificateholder Fixed Allocation Percentage 97.90%
Aggregate Amount of Collections 19,799,322.81
Aggregate Amount of Interest Collections 5,654,464.58
Aggregate Amount of Principal Collections 14,144,858.23
Int. Collections Alloc. to Investor 5,501,403.88
Class A Principal Collections 12,951,753.24
Seller Interest Collections 153,060.70
Seller Principal Collections 1,193,104.99
Weighted Average Loan Rate 13.79%
Net Loan Rate 12.79%
Weighted Average Maximum Loan Rate 18.80%
Class A-1 Certificate Rate 5.9375%
Maximum Investor Certificate Rate 12.9500%
Class A-1 Certificate Interest Distributed 2,196,501.47
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. Xxxxxx (MPDA) 13,847,816.21
Alternative Principal Dist. Xxxxxx (APDA) 12,951,753.24
Rapid Amortization Period? (Y=1, N=0) 0.00
Scheduled Principal Distribution Amount (SPDA) 12,951,753.24
Principal allocable to Class A-1 12,951,753.24
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 440,090.03
Cumulative Investor Liquidation Loss Amount 440,090.03
Total Principal allocable to A-1 13,391,843.27
Beginning Class A-1 Certificate Principal Balance 459,232,248.99
Ending Class A-1 Certificate Principal Balance 445,840,405.72
Pool Factor (PF) 0.6991820
Retransfer Deposit Amount 0.00
Servicing Fees Distributed 385,404.68
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 440,090.03
Investor Loss Reduction Amount 0.00
Beginning Pool Balance 475,352,777.84
Ending Pool Balance 461,948,013.88
Beginning Invested Amount 462,485,617.99
Ending Invested Amount 449,093,774.72
Beginning Seller Principal Balance 12,867,159.85
Ending Seller Principal Balance 12,854,239.16
Additional Balances 1,193,104.99
Beginning Funding Account Balance 0.00
Ending Funding Account Balance 0.00
Servicer Certificate (Page 2 of 3)
Distribution Date: 05/20/97
Ending Funding Account Balance%(before any purchase of Subsequent Loans or
release 0.00%
Ending Funding Account Balance % (after purchase of Subsequent Loans or
release 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 2.7069%
Ending Seller's Interest 2.7826%
Delinquency & REO Status
60 - 89 days (Del Stat 2)
No. of Accounts 219
Trust Balance 7,699,120.57
90+ days (Del Stat 3+)
No. of Accounts 440
Trust Balance 16,049,148.67
270+ days (Del Stat 9+)
No. of Accounts 123
Trust Balance 4,454,062.47
REO
No. of Accounts 17
Trust Balance 581,794.26
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 BalancNo
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 InteresNo
Failure by Servicer to perform other covenants as described in the AgreementNo
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 1,346,165.69
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 5.90%
Total Available Funds
Aggregate Amount of Collections 19,799,322.81
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
Servicer Certificate (Page 3 of 3)
Distribution Date: 05/20/97
Total 19,799,322.81
Application of Available Funds
Servicing Fee 385,404.68
Prinicpal and Interest to Class A-1 15,588,344.74
Seller's portion of Principal and Interest 1,346,165.69
Funds deposited into Funding Account (Net) 0.00
Funds deposited into Spread Account 0.00
Excess funds released to Seller 2,479,407.70
Total 19,799,322.81
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 1)
Distribution Date: 05/20/97
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000)
Class A Certificateholder Floating Allocation Percentage 97.2931%
Class A Certificateholder Fixed Allocation Percentage 97.9000%
Beginning Class A-1 Certificate Balance 459,232,248.99
Class A-1 Certificate Rate 5.937500%
Class A-1 Certificate Interest Distributed 3.444628
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 21.001542
Maxim 459,232,248.99
Class A-1 Certificate Rate 5.937500%
Class A-1 Certificate Interest Distributed 3.444628
Class A-1 Certificate Interest Shortfall Distributed
