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 June 20, 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
June 20, 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/ S. E. Casey
S. E. Casey
Assistant Secretary
Dated: June 25, 1997
- 2 -<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
4
99(a) Monthly Servicing Report to Trustee dated June 20, 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
Distribution Date: 06/20/97
Investor Certificateholder Floating Allocation Percentage 97.22%
Investor Certificateholder Fixed Allocation Percentage 97.90%
Aggregate Amount of Collections 18,815,955.65
Aggregate Amount of Interest Collections 5,307,805.82
Aggregate Amount of Principal Collections 13,508,149.83
Int. Collections Alloc. to Investor 5,160,110.82
Class A Principal Collections 12,665,277.17
Seller Interest Collections 147,695.00
Seller Principal Collections 842,872.66
Weighted Average Loan Rate 13.95%
Net Loan Rate 12.95%
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 2,279,513.88
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) 13,224,478.68
Alternative Principal Dist. Amount (APDA)12,665,277.17
Rapid Amortization Period? (Y=1, N=0) 0.00
Scheduled Principal Distribution Amount (SPDA) 12,665,277.17
Principal allocable to Class A-1 12,665,277.17
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 557,075.67
Cumulative Investor Liquidation Loss Amount
Total Principal allocable to A-1 13,222,352.84
Beginning Class A-1 Certificate Principal Balance 445,840,405.72
Ending Class A-1 Certificate Principal Balance 432,618,052.88
Pool Factor (PF) 0.6784463
Retransfer Deposit Amount 0.00
Servicing Fees Distributed 374,244.81
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 557,075.67
Investor Loss Reduction Amount 0.00
Beginning Pool Balance 461,948,013.88
Ending Pool Balance 448,709,104.82
Beginning Invested Amount 449,093,774.72
Ending Invested Amount 435,871,421.88
Beginning Seller Principal Balance 12,854,239.16
Ending Seller Principal Balance12,837,682.94
Additional Balances 842,872.66
Beginning Funding Account Balance 0.00
Ending Funding Account Balance 0.00
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 Addit'l 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 2.7826%
Ending Seller's Interest 2.8610%
Delinquency & REO Status
60 - 89 days (Del Stat 2)
No. of Accounts 200
Trust Balance 7,532,430.01
90+ days (Del Stat 3+)
No. of Accounts 460
Trust Balance 16,432,515.28
270+ days (Del Stat 9+)
No. of Accounts 129
Trust Balance 4,662,843.76
REO
No. of Accounts 15
Trust Balance 561,903.93
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 990,567.66
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 5.53%
Total Available Funds
Aggregate Amount of Collections 18,815,955.65
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 18,815,955.65
Application of Available Funds
Servicing Fee 374,244.81
Prinicpal and Interest to Class A-1 15,501,866.72
Seller's portion of Principal and Interest 990,567.66
Funds deposited into Funding Account (Net) 0.00
Funds deposited into Spread Account 0.00
Excess funds released to Seller 1,949,276.46
Total 18,815,955.65
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
Distribution Date: 06/20/97
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000)
Class A Certificateholder Floating Allocation Percentage 97.2174%
Class A Certificateholder Fixed Allocation Percentage 97.9000%
Beginning Class A-1 Certificate Balance 445,840,405.72
Class A-1 Certificate Rate 5.937500%
Class A-1 Certificate Interest Distributed 3.574811
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 20.735741
Maximum Principal Distribution Amount 20.739075
Scheduled Principal Distribution Amount (SPDA) 19.862116
Accelerated Principal Distribution Amount 0.000000
Aggregate Investor Liquidation Loss Amount Distributed 0.873625
Total Amount Distributed to Certificateholders 23.436927
Principal Collections deposited into Funding Account 0.00
Ending Funding Account Balance 0.00
Ending Class A-1 Certificate Balance 432,618,052.88
Class A-1 Factor 0.6784463
Pool Factor (PF) 0.6784463
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 374,244.81
Beginning Invested Amount 449,093,774.72
Ending Invested Amount 435,871,421.88
Beginning Pool Balance 461,948,013.88
Ending Pool Balance 448,709,104.82
Spread Account Draw Amount 0.00
Credit Enhancement Draw Amount 0.00
DELINQUENCY & REO STATUS
60 - 89 days (Del Stat 2)
No. of Accounts 200
Trust Balance 7,532,430.01
90+ days (Del Stat 3+)
No. of Accounts 460
Trust Balance 16,432,515.28
REO
No. of Accounts 15
Trust Balance 561,903.93
Aggregate Liquidation Loss Amount for Liquidated Loans 534,085.54
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
