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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
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Servicer Certificate (Page 1 of 3)
Distribution Date: 07/20/98
Investor Certificateholder Floating Allocation Percentage 95.74%
Investor Certificateholder Fixed Allocation Percentage 97.90%
Aggregate Amount of Collections 16,979,845.44
Aggregate Amount of Interest Collections 3,384,807.52
Aggregate Amount of Principal Collections 13,595,037.92
Int. Collections Alloc. to Investor 3,240,687.76
Class A Principal Collections 13,043,591.26
Seller Interest Collections 144,119.76
Seller Principal Collections 551,446.66
Weighted Average Loan Rate 13.75%
Net Loan Rate 12.75%
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 1,280,763.66
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) 13,309,542.12
Alternative Principal Dist. Amount (APDA) 13,043,591.26
Rapid Amortization Period? (Y=1, N=0) 0.00
Scheduled Principal Distribution Amount (SPDA) 13,043,591.26
Principal allocable to Class A-1 13,043,591.26
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 669,155.93
Cumulative Investor Liquidation Loss Amount 669,155.93
Total Principal allocable to A-1 13,712,747.19
Beginning Class A-1 Certificate Principal Balance 278,805,695.05
Ending Class A-1 Certificate Principal Balance 265,092,947.86
Pool Factor (PF) 0.4157277
Retransfer Deposit Amount 0.00
Servicing Fees Distributed 235,049.22
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 669,155.93
Investor Loss Reduction Amount 0.00
Beginning Pool Balance 294,602,785.20
Ending Pool Balance 280,858,448.17
Beginning Invested Amount 282,059,064.05
Ending Invested Amount 268,346,316.86
Beginning Seller Principal Balance 12,543,721.15
Ending Seller Principal Balance 12,512,131.31
Additional Balances 551,446.66
Beginning Funding Account Balance 0.00
Servicer Certificate (Page 2 of 3)
Distribution Date: 07/20/98
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 4.2578%
Ending Seller's Interest 4.4550%
Delinquency & REO Status
60 - 89 days (Del Stat 2)
No. of Accounts 157
Trust Balance 5,578,379.32
90+ days (Del Stat 3+)
No. of Accounts 453
Trust Balance 14,022,022.73
270+ days (Del Stat 9+)
No. of Accounts 227
Trust Balance 7,739,579.19
REO
No. of Accounts 59
Trust Balance 2,261,815.70
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
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 695,566.42
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
Servicer Certificate (Page 3 of 3)
Distribution Date: 07/20/98
Cumulative Draw under Policy 0.00
Net Yield 5.01%
Total Available Funds
Aggregate Amount of Collections 16,979,845.44
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 16,979,845.44
Application of Available Funds
Servicing Fee 235,049.22
Prinicpal and Interest to Class A-1 14,993,510.85
Seller's portion of Principal and Interest 695,566.42
Funds deposited into Funding Account (Net) 0.00
Funds deposited into Spread Account 0.00
Excess funds released to Seller 1,055,718.95
Total 16,979,845.44
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: 07/20/98
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000)
Class A Certificateholder Floating
Allocation Percentage 95.7422%
Class A Certificateholder Fixed
Allocation Percentage 97.9000%
Beginning Class A-1 Certificate Balance 278,805,695.05
Class A-1 Certificate Rate 5.906250%
Class A-1 Certificate Interest Distributed 2.008537
Remaining Unpaid Class A-1 Certificate
Interest Shortfall 0.000000
Rapid Amortization Event ? No
Class A-1 Certificate Principal Distributed 21.504794
Maximum
Principal Distribution Amount 20.872475
Scheduled Principal Distribution Amount (SPDA) 20.455401
Accelerated Principal Distribution Amount 0.000000
Aggregate Investor Liquidation Loss
Amount Distributed 1.049393
Total Amount Distributed to Certificateholders 22.463938
Principal Collections deposited into Funding Account 0.00
Ending Funding Account Balance 0.00
Ending Class A-1 Certificate Balance 265,092,947.86
Class A-1 Factor 0.4157277
Pool Factor (PF) 0.4157277
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 235,049.22
Beginning Invested Amount 282,059,064.05
Ending Invested Amount 268,346,316.86
Beginning Pool Balance 294,602,785.20
Ending Pool Balance 280,858,448.17
Spread Account Draw Amount 0.00
Credit Enhancement Draw Amount 0.00
Statement to Certificateholders (Page 2 of 2)
Distribution Date: 07/20/98
DELINQUENCY & REO STATUS
60 - 89 days (Del Stat 2)
No. of Accounts 157
Trust Balance 5,578,379.32
90+ days (Del Stat 3+)
No. of Accounts 453
Trust Balance 14,022,022.73
REO
No. of Accounts 59
Trust Balance 2,261,815.70
Aggregate Liquidation Loss Amount for
Liquidated Loans 521,519.61
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
