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Previous: HOUSEHOLD HOME EQUITY LOAN TRUST 1999-1, 8-K, 2000-07-28 |
Next: NORTH SHORE CAPITAL IV INC, 10QSB, 2000-07-28 |
<PAGE> 1
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<CAPTION>
Household Home Equity Loan Trust 1999-1
Distribution Number 8
Beginning Date of Accrual Period 06/02/00
End Date of Accrual Period 06/30/00
Distribution Date 07/20/00
Previous Distribution Date 06/20/00
<S> <C>
Funds Disbursement
Available Funds for Distribution
11,697,443.74
Principal Collections
7,407,140.11
Interest Collections
4,290,303.63
Distribution of Interest Collections
Servicing Fee
189,740.28
Extra Principal
Distribution Amount 1,588,663.71
Interest Paid
2,511,899.64
To Class R
-
Distribution of Principal Collections
Principal Paid to Certificates
7,407,140.11
Overcollateralization
Release Amount -
Balance Reconciliation
Begin Principal Balance
455,376,666.47
Adjustments 0.00
Principal Collections (including (7,407,140.11)
repurchases)
Charge off Amount
(136,094.25)
End Principal Balance
447,833,432.11
<PAGE>
<PAGE> 2
Collateral Performance
Cash Yield (% of beginning balance) 11.31%
Charge off Amount (% of beginning 0.36%
balance)
Net Yield 10.95%
Delinquent Loans (contractual)
30-59 days principal balance of 9,791,465.27
loan
30-59 days number of loans 152
60-89 days principal balance of loan 1,267,899.49
60-89 days number of loans 18
90+ days number of loans
50
90+ days principal balance of loan
3,883,518.74
Number of Loans that went into REO 0
Principal Balance of Loans that went into REO
-
Principal Balance of all REO
-
Overcollateralization Reconcilliation
Begin OC Amount
37,569,467.15
Target OC Amount
50,039,651.27
OC Deficiency
12,606,278.37
OC Release Amount
-
End OC Amount
39,022,036.61
Loan Repurchase Detail
Number Purchased for pursuant to
2.02
Principal Balance Purchasesed
pursant to 2.02
Other
Stepdown No
Trigger Event No
Event of Default No
Class A-1 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000
41.665380
2. Principal Distribution per
$1,000 37.956978
3. Interest Distribution per
$1,000 3.708402
B. Calculation of Class A-1 Interest Due & Paid
1. Class A-1 related Note Rate 6.83%
2. Accrual Convention 30/360
3. Class A-1 Principal Balance, BOP
154,417,199.32
4. Class A-1 Interest Carryover
Shortfall, BOP -
5. Class A-1 Interest Due
878,891.23
6. Class A-1 Interest Paid
878,891.23
7. Class A-1 unpaid Carryover
Shortfall, EOP -
<PAGE>
<PAGE> 3
C. Calculation of Class A-1 Principal Due & Paid
1. Class A-1 Principal Balance,
BOP 154,417,199.32
2. Class A-1 Principal Due
3. Class A-1 Principal Paid
8,995,803.82
4. Class A-1 Principal Balance,
EOP 145,421,395.50
5. Class A-1 Notes Balance as a 0.355717568
% of the Total Certificate Balance, EOP
6. Class A-1 Notes Balance as a 0.324722062
percentage of the Pool Balance, EOP
Class A-2 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000
5.791667
2. Principal Distribution per
$1,000 -
3. Interest Distribution per
$1,000 5.791667
B. Calculation of Class A-2 Interest
Due & Paid
1. Class A-2 related Note Rate 6.95%
2. Accrual Convention 30/360
3. Class A-2 Principal Balance,
BOP 62,000,000.00
4. Class A-2 Interest Carryover
Shortfall, BOP -
5. Class A-2 Interest Due
359,083.33
6. Class A-2 Interest Paid
359,083.33
7. Class A-2 unpaid Carryover
Shortfall, EOP -
C. Calculation of Class A-2 Principal Due & Paid
1. Class A-2 Principal Balance,
BOP 62,000,000.00
2. Class A-2 Principal Due
3. Class A-2 Principal Paid
-
4. Class A-2 Principal Balance,
EOP 62,000,000.00
5. Class A-2 Notes Balance as a 0.151659178
percentage of the Total Certificate Balance
6. Class A-2 Notes Balance as a 0.138444331
percentage of the Pool Balance, EOP
Class A-3 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000
6.008333
2. Principal Distribution per
$1,000 -
3. Interest Distribution per
$1,000 6.008333
B. Calculation of Class A-3 Interest Due & Paid
1. Class A-3 related Note Rate 7.21%
2. Accrual Convention 30/360
3. Class A-3 Principal Balance,
BOP 90,000,000.00
4. Class A-3 Interest Carryover
Shortfall, BOP -
5. Class A-3 Interest Due
540,750.00
6. Class A-3 Interest Paid
540,750.00
7. Class A-3 unpaid Carryover
Shortfall, EOP -
<PAGE>
<PAGE> 4
C. Calculation of Class A-3 Principal Due & Paid
1. Class A-3 Principal Balance,
BOP 90,000,000.00
2. Class A-3 Principal Due
3. Class A-3 Principal Paid
-
4. Class A-3 Principal Balance,
EOP 90,000,000.00
5. Class A-3 Notes Balance as a 0.220150419
percentage of the Total Certificate Balance
6. Class A-3 Notes Balance as a 0.200967578
percentage of the Pool Balance, EOP
Class A-4 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000
6.008333
2. Principal Distribution per
$1,000 -
3. Interest Distribution per
$1,000 6.008333
B. Calculation of Class A-4 Interest Due & Paid
1. Class A-4 related Note Rate 7.21%
2. Accrual Convention 30/360
3. Class A-4 Principal Balance,
BOP 42,920,000.00
4. Class A-4 Interest Carryover
Shortfall, BOP -
5. Class A-4 Interest Due
257,877.67
6. Class A-4 Interest Paid
257,877.67
7. Class A-4 unpaid Carryover
Shortfall, EOP -
C. Calculation of Class A-4 Principal
Due & Paid
1. Class A-4 Principal Balance,
BOP 42,920,000.00
2. Class A-4 Principal Due
3. Class A-4 Principal Paid
-
4. Class A-4 Principal Balance,
EOP 42,920,000.00
5. Class A-4 Notes Balance as a 0.104987289
percentage of the Total Certificate Balance
6. Class A-4 Notes Balance as a 0.095839205
percentage of the Pool Balance, EOP
Class M-1 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000
6.525000
2. Principal Distribution per
$1,000 -
3. Interest Distribution per
$1,000 6.525000
B. Calculation of Class M-1 Interest Due & Paid
1. Class M-1 related Note Rate 7.83%
2. Accrual Convention 30/360
3. Class M-1 Principal Balance,
BOP 35,550,000.00
4. Class M-1 Interest Carryover
Shortfall, BOP -
5. Class M-1 Interest Due
231,963.75
6. Class M-1 Interest Paid
231,963.75
7. Class M-1 unpaid Carryover
Shortfall, EOP -
<PAGE>
<PAGE> 5
C. Calculation of Class M-1 Principal
Due & Paid
1. Class M-1 Principal Balance,
BOP 35,550,000.00
2. Class M-1 Principal Due
3. Class M-1 Principal Paid
-
4. Class M-1 Principal Balance,
EOP 35,550,000.00
5. Class M-1 Notes Balance as a 0.086959415
percentage of the Total Certificate Balance
6. Class M-1 Notes Balance as a 0.079382193
percentage of the Pool Balance, EOP
Class M-2 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000
7.391667
2. Principal Distribution per
$1,000 -
3. Interest Distribution per
$1,000 7.391667
B. Calculation of Class M-2 Interest Due & Paid
1. Class M-2 related Note Rate 8.87%
2. Accrual Convention 30/360
3. Class M-2 Principal Balance,
BOP 32,920,000.00
4. Class M-2 Interest Carryover
Shortfall, BOP -
5. Class M-2 Interest Due
243,333.67
6. Class M-2 Interest Paid
243,333.67
7. Class M-2 unpaid Carryover
Shortfall, EOP -
C. Calculation of Class M-2 Principal Due & Paid
1. Class M-2 Principal Balance,
BOP 32,920,000.00
2. Class M-2 Principal Due
3. Class M-2 Principal Paid
-
4. Class M-2 Principal Balance,
EOP 32,920,000.00
5. Class M-2 Notes Balance as a 0.080526131
percentage of the Total Certificate Balance
6. Class M-2 Notes Balance as a 0.073509474
percentage of the Pool Balance, EOP
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