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Previous: HOUSEHOLD HOME EQUITY LOAN TRUST 1999-1, 8-K, 2000-10-30 |
Next: FORTRESS REGISTERED INVESTMENT TRUST, N-30D, 2000-10-30 |
<PAGE> 1
<TABLE>
<CAPTION>
Household Home Equity Loan Trust 1999-1
Distribution Number 11
Beginning Date of Accrual Period 09/02/00
End Date of Accrual Period 09/30/00
Distribution Date 10/20/00
Previous Distribution Date 09/20/00
<S> <C>
Funds Disbursement
Available Funds for Distribution
11,672,305.21
Principal Collections
7,667,833.58
Interest Collections
4,004,471.63
Distribution of Interest
Collections
Servicing Fee
180,140.18
Extra Principal Distribution
Amount 1,466,976.20
Interest Paid
2,357,355.25
To Class R
-
Distribution of Principal
Collections
Principal Paid to Certificates
7,667,833.58
Overcollateralization Release
Amount -
Balance Reconciliation
Begin Principal Balance
432,336,440.90
Adjustments 0.00
Principal Collections (including (7,667,833.58)
repurchases)
Charge off Amount
(98,190.85)
End Principal Balance
424,570,416.47
Collateral Performance
Cash Yield (% of beginning balance) 11.11%
Charge off Amount (% of beginning 0.27%
balance)
Net Yield 10.84%
Delinquent Loans (contractual)
30-59 days principal balance of loan 11,532,547.83
30-59 days number of loans 175
60-89 days principal balance of loan 1,468,575.87
60-89 days number of loans 22
90+ days number of loans
78
90+ days principal balance of loan
6,081,740.17
<PAGE>
<PAGE> 2
Number of Loans that went into REO 5
Principal Balance of Loans that went into
REO 381,794.80
Principal Balance of all REO
1,493,235.74
Overcollateralization Reconcilliation
Begin OC Amount
41,681,991.13
Target OC Amount
50,039,651.27
OC Deficiency
8,455,850.99
OC Release Amount
-
End OC Amount
43,050,776.48
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
41.599817
2. Principal Distribution per $1,000
38.543501
3. Interest Distribution per $1,000
3.056316
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
127,264,449.77
4. Class A-1 Interest Carryover
Shortfall, BOP -
5. Class A-1 Interest Due
724,346.83
6. Class A-1 Interest Paid
724,346.83
7. Class A-1 unpaid Carryover
Shortfall, EOP -
C. Calculation of Class A-1 Principal Due &
Paid
1. Class A-1 Principal Balance, BOP
127,264,449.77
2. Class A-1 Principal Due
9,134,809.78
3. Class A-1 Principal Paid
9,134,809.78
4. Class A-1 Principal Balance, EOP
118,129,639.99
5. Class A-1 Notes Balance as a % of 0.30962925
the Total Certificate Balance, EOP
6. Class A-1 Notes Balance as a 0.278233328
percentage of the Pool Balance, EOP
<PAGE>
<PAGE> 3
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 0.162508017
percentage of the Total Certificate Balance
6. Class A-2 Notes Balance as a 0.146029958
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 -
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 0.235898734
percentage of the Total Certificate Balance
6. Class A-3 Notes Balance as a 0.211978971
percentage of the Pool Balance, EOP
<PAGE>
<PAGE> 4
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 0.112497485
percentage of the Total Certificate Balance
6. Class A-4 Notes Balance as a 0.101090416
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 -
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 0.09318
percentage of the Total Certificate Balance
6. Class M-1 Notes Balance as a 0.083731694
percentage of the Pool Balance, EOP
<PAGE>
<PAGE> 5
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 0.086286515
percentage of the Total Certificate Balance
6. Class M-2 Notes Balance as a 0.077537197
percentage of the Pool Balance, EOP
</TABLE>
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