SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report July 21, 1997
REVOLVING HOME EQUITY LOAN TRUST 1995-2
(Exact name of registrant as specified in Department of the
Treasury, Internal Revenue Service Form SS-4)
HOUSEHOLD FINANCE CORPORATION
(Servicer of the Trust)
(Exact name as specified in Servicer's charter)
Delaware 0-20695 Not Applicable
(State or other juris- (Commission File Number (IRS Employer
diction of incorporation of Registrant) Identification
of Master Servicer) Number of
Registrant)
2700 Sanders Road, Prospect Heights, Illinois 60070
(Address of principal executive offices of (Zip Code)
Master Servicer)
Servicer's telephone number, including area code 847/564-5000
Exhibit Index appears on page 3 <PAGE>
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99(a) Monthly Servicing Report to Trustee dated
July 21, 1997 pursuant to Section 3.04(b) of
the Pooling and Servicing Agreement dated as
of November 1, 1995 (the "Pooling and
Servicing Agreement") among HFC Revolving
Corporation, as Seller, Household Finance
Corporation, as Servicer, and First National
Bank of Chicago, as Trustee, with respect to
the Class A Certificates, Series 1995-2.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Servicer has duly caused this report to be signed on
behalf of the Revolving Home Equity Loan Trust 1995-2 by the
undersigned hereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Servicer of and on behalf of the
REVOLVING HOME EQUITY LOAN TRUST 1995-2
(Registrant)
By: /s/ J. W. Blenke
J. W. Blenke
Authorized Representative
Dated: July 28, 1997
- 2 -<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
4
99(a) Monthly Servicing Report to Trustee dated July 21, 1997
pursuant to Section 3.04(b) of the Pooling and Servicing
Agreement dated as of November 1, 1995 (the "Pooling and
Servicing Agreement") among HFC Revolving Corporation, as
Seller, Household Finance Corporation, as Servicer, and
First National Bank of Chicago, as Trustee, with respect to
the Class A Certificates, Series 1995-2.
- 3 -
HE95-2.8k
******************************************************************************
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: 441919AG2
Series Number of Class A-2 Certificates: N/A
Original Sale Balance: $637,660,000
******************************************************************************
Servicer Certificate (Page 1 of 3)
Distribution Date: 07/21/97
Investor Certificateholder Floating Allocation Percentage 97.14%
Investor Certificateholder Fixed Allocation Percentage 97.90%
Aggregate Amount of Collections 21,318,632.77
Aggregate Amount of Interest Collections 4,902,043.18
Aggregate Amount of Principal Collections 16,416,589.59
Int. Collections Alloc. to Investor 4,761,795.72
Class A Principal Collections 15,516,121.95
Seller Interest Collections 140,247.46
Seller Principal Collections 900,467.64
Weighted Average Loan Rate 13.93%
Net Loan Rate 12.93%
Weighted Average Maximum Loan Rate 18.81%
Class A-1 Certificate Rate 5.9375%
Maximum Investor Certificate Rate 12.9500%
Class A-1 Certificate Interest Distributed 2,211,910.01
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) 16,071,841.21
Alternative Principal Dist. Amount (APDA) 15,516,121.95
Rapid Amortization Period? (Y=1, N=0) 0.00
Scheduled Principal Distribution Amount (SPDA) 15,516,121.95
Principal allocable to Class A-1 15,516,121.95
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 694,344.20
Cumulative Investor Liquidation Loss Amount 694,344.20
Total Principal allocable to A-1 16,210,466.15
Beginning Class A-1 Certificate Principal Balance 432,618,052.88
Ending Class A-1 Certificate Principal Balance 416,407,586.73
Pool Factor (PF) 0.6530245
Retransfer Deposit Amount 0.00
Servicing Fees Distributed 363,226.18
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 694,344.20
Investor Loss Reduction Amount 0.00
Beginning Pool Balance 448,709,104.82
Ending Pool Balance 432,477,733.93
Beginning Invested Amount 435,871,421.88
Ending Invested Amount 419,660,955.73
Beginning Seller Principal Balance 12,837,682.94
Ending Seller Principal Balance 12,816,778.20
Additional Balances 900,467.64
Beginning Funding Account Balance 0.00
Servicer Certificate (Page 2 of 3)
Distribution Date: 07/21/97
Ending Funding Account Balance 0.00
Ending Funding Acct Balance %(before any purch of Subsequent Loans or rel0.00%
Ending Funding Acct Balance %(after purch 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 2.8610%
Ending Seller's Interest 2.9636%
Delinquency & REO Status
60 - 89 days (Del Stat 2)
No. of Accounts 187
Trust Balance 6,455,461.88
90+ days (Del Stat 3+)
No. of Accounts 469
Trust Balance 17,241,975.50
270+ days (Del Stat 9+)
No. of Accounts 136
Trust Balance 4,807,440.88
REO
No. of Accounts 20
Trust Balance 793,855.30
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 paymt within 5 Bus. Days of Required Date ? No
Failure by Servicer to perform covenant relating to Trust's Security Int No
Failure by Servicer to perform other covenants as described in the Agreemt 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 1,040,715.10
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 5.25%
Total Available Funds
Aggregate Amount of Collections 21,318,632.77
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: 07/21/97
Total 21,318,632.77
Application of Available Funds
Servicing Fee 363,226.18
Prinicpal and Interest to Class A-1 18,422,376.16
Seller's portion of Principal and Interest 1,040,715.10
Funds deposited into Funding Account (Net) 0.00
Funds deposited into Spread Account 0.00
Excess funds released to Seller 1,492,315.33
Total 21,318,632.77
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: 07/21/97
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000)
Class A Certificateholder Floating Allocation Percentage 97.1390%
Class A Certificateholder Fixed Allocation Percentage 97.9000%
Beginning Class A-1 Certificate Balance 432,618,052.88
Class A-1 Certificate Rate 5.937500%
Class A-1 Certificate Interest Distributed 3.468792
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 25.421802
Maximum Principal Distribution Amount 25.204405
Scheduled Principal Distribution Amount (SPDA) 24.332908
Accelerated Principal Distribution Amount 0.000000
Aggregate Investor Liquidation Loss Amount Distributed 1.088894
Total Amount Distributed to Certificateholders 27.801700
Principal Collections deposited into Funding Account 0.00
Ending Funding Account Balance 0.00
Ending Class A-1 Certificate Balance 416,407,586.73
Class A-1 Factor 0.6530245
Pool Factor (PF) 0.6530245
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 363,226.18
Beginning Invested Amount 435,871,421.88
Ending Invested Amount 419,660,955.73
Beginning Pool Balance 448,709,104.82
Ending Pool Balance 432,477,733.93
Spread Account Draw Amount 0.00
Credit Enhancement Draw Amount 0.00
DELINQUENCY & REO STATUS
60 - 89 days (Del Stat 2)
No. of Accounts 187
Trust Balance 6,455,461.88
90+ days (Del Stat 3+)
No. of Accounts 469
Trust Balance 17,241,975.50
REO
No. of Accounts 20
Trust Balance 793,855.30
Aggregate Liquidation Loss Amount for Liquidated Loans 567,844.47
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
