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 January 20, 1998
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
January 20, 1998 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: January 26, 1998
- 2 -<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
4
99(a) Monthly Servicing Report to Trustee dated January 20, 1998
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
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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: 441919AG2
Series Number of Class A-2 Certificates: N/A
Original Sale Balance: $637,660,000
***************************************************************************
Servicer Certificate (Page 1 of 3)
Distribution Date: 01/20/98
Investor Certificateholder Floating Allocation Percentage 96.52%
Investor Certificateholder Fixed Allocation Percentage 97.90%
Aggregate Amount of Collections 14,389,384.76
Aggregate Amount of Interest Collections 4,122,693.87
Aggregate Amount of Principal Collections 10,266,690.89
Int. Collections Alloc. to Investor 3,979,422.01
Class A Principal Collections 9,521,367.16
Seller Interest Collections 143,271.86
Seller Principal Collections 745,323.73
Weighted Average Loan Rate 13.83%
Net Loan Rate 12.83%
Weighted Average Maximum Loan Rate 18.84%
Class A-1 Certificate Rate 6.2188%
Maximum Investor Certificate Rate 12.9500%
Class A-1 Certificate Interest Distributed 1,748,552.66
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) 10,051,090.38
Alternative Principal Dist. Amount (APDA) 9,521,367.16
Rapid Amortization Period? (Y=1, N=0) 0.00
Scheduled Principal Distribution Amount (SPDA) 9,521,367.16
Principal allocable to Class A-1 9,521,367.16
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 577,424.73
Cumulative Investor Liquidation Loss Amount 577,424.73
Total Principal allocable to A-1 10,098,791.89
Beginning Class A-1 Certificate Principal Balance 349,043,954.59
Ending Class A-1 Certificate Principal Balance 338,945,162.70
Pool Factor (PF) 0.5315453
Retransfer Deposit Amount 0.00
Servicing Fees Distributed 293,581.10
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 577,424.73
Investor Loss Reduction Amount 0.00
Servicer Certificate (Page 2 of 3)
Distribution Date: 01/20/98
Beginning Pool Balance 364,981,133.55
Ending Pool Balance 354,861,129.10
Beginning Invested Amount 352,297,323.59
Ending Invested Amount 342,198,531.70
Beginning Seller Principal Balance 12,683,809.96
Ending Seller Principal Balance 12,662,597.40
Additional Balances 745,323.73
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 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 3.4752%
Ending Seller's Interest 3.5683%
Delinquency & REO Status 60 - 89 days (Del Stat 2)
No. of Accounts 186
Trust Balance 6,348,507.82
90+ days (Del Stat 3+)
No. of Accounts 471
Trust Balance 16,169,482.39
270+ days (Del Stat 9+)
No. of Accounts 194
Trust Balance 7,494,473.71
REO
No. of Accounts 45
Trust Balance 2,173,633.79
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
Servicer Certificate (Page 3 of 3)
Distribution Date: 01/20/98
Policy Fee Distributed to Credit Enhancer (Paid directly from HFC) N/A
Premium Distributed to Credit Enhancer 0.00
Amount Distributed to Seller 888,595.59
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 4.21%
Total Available Funds
Aggregate Amount of Collections 14,389,384.76
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 14,389,384.76
Application of Available Funds
Servicing Fee 293,581.10
Principal and Interest to Class A-1 11,847,344.55
Seller's portion of Principal and Interest 888,595.59
Funds deposited into Funding Account (Net) 0.00
Funds deposited into Spread Account 0.00
Excess funds released to Seller 1,359,863.52
Total 14,389,384.76
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: 01/20/98
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000)
Class A Certificateholder Floating Allocation Percentage 96.5248%
Class A Certificateholder Fixed Allocation Percentage 97.9000%
Beginning Class A-1 Certificate Balance 349,043,954.59
Class A-1 Certificate Rate 6.218750%
Class A-1 Certificate Interest Distributed 2.742139
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 15.837267
Maximum Principal Distribution Amount 15.762460
Scheduled Principal Distribution Amount (SPDA) 14.931730
Accelerated Principal Distribution Amount 0.000000
Aggregate Investor Liquidation Loss Amount Distributed 0.905537
Total Amount Distributed to Certificateholders 17.673870
Principal Collections deposited into Funding Account 0.00
Ending Funding Account Balance 0.00
Ending Class A-1 Certificate Balance 338,945,162.70
Class A-1 Factor 0.5315453
Pool Factor (PF) 0.5315453
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 293,581.10
Beginning Invested Amount 352,297,323.59
Ending Invested Amount 342,198,531.70
Beginning Pool Balance 364,981,133.55
Ending Pool Balance 354,861,129.10
Spread Account Draw Amount 0.00
Credit Enhancement Draw Amount 0.00
DELINQUENCY & REO STATUS
60 - 89 days (Del Stat 2)
No. of Accounts 186
Trust Balance 6,348,507.82
90+ days (Del Stat 3+)
No. of Accounts 471
Trust Balance 16,169,482.39
REO
No. of Accounts 45
Trust Balance 2,173,633.79
Aggregate Liquidation Loss Amount for Liquidated Loans 414,333.86
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
