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Previous: HOUSEHOLD HOME EQUITY LOAN TRUST 1999-1, 8-K, 2000-06-30 |
Next: NORTH SHORE CAPITAL IV INC, 10SB12G/A, 2000-06-30 |
<PAGE> 1
<TABLE>
<CAPTION>
Household Home Equity Loan Trust 1999-1
Distribution Number 7
Beginning Date of Accrual Period 05/03/00
End Date of Accrual Period 05/31/00
Distribution Date 06/20/00
Previous Distribution Date 05/22/00
<S> <C>
Funds Disbursement
Available Funds for Distribution
12,797,151.22
Principal Collections
8,394,473.08
Interest Collections
4,402,678.14
Distribution of Interest
Collections
Servicing Fee
193,253.11
Extra Principal Distribution
Amount 1,640,410.17
Interest Paid
2,569,014.86
To Class R
-
Distribution of Principal
Collections
Principal Paid to
Certificates 8,394,473.08
Overcollateralization Release
Amount -
Balance Reconciliation
Begin Principal Balance
463,807,453.91
Adjustments 0.00
Principal Collections (including (8,394,473.08)
repurchases)
Charge off Amount
(36,314.36)
End Principal Balance
455,376,666.47
Collateral Performance
Cash Yield (% of beginning balance) 11.39%
Charge off Amount (% of beginning 0.09%
balance)
Net Yield 11.30%
Delinquent Loans (contractual)
30-59 days principal balance of loan 8,805,762.12
30-59 days number of loans 128
60-89 days principal balance of loan 1,076,429.93
60-89 days number of loans 17
90+ days number of loans
46
90+ days principal balance of loan
3,825,245.02
<PAGE>
<PAGE> 2
Number of Loans that went into REO 4
Principal Balance of Loans that went into
REO 323,583.28
Principal Balance of all REO
578,863.08
Overcollateralization Reconcilliation
Begin OC Amount
35,965,371.34
Target OC Amount
50,039,651.27
OC Deficiency
14,110,594.29
OC Release Amount
-
End OC Amount
37,569,467.15
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
46.290674
2. Principal Distribution per $1,000
42.341280
3. Interest Distribution per $1,000
3.949394
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
164,452,082.57
4. Class A-1 Interest Carryover
Shortfall, BOP -
5. Class A-1 Interest Due
936,006.44
6. Class A-1 Interest Paid
936,006.44
7. Class A-1 unpaid Carryover
Shortfall, EOP -
C. Calculation of Class A-1 Principal Due &
Paid
1. Class A-1 Principal Balance, BOP
164,452,082.57
2. Class A-1 Principal Due
3. Class A-1 Principal Paid
10,034,883.25
4. Class A-1 Principal Balance, EOP
154,417,199.32
5. Class A-1 Notes Balance as a % of 0.369589609
the Total Certificate Balance, EOP
6. Class A-1 Notes Balance as a 0.339097742
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 0.148393805
percentage of the Total Certificate Balance
6. Class A-2 Notes Balance as a 0.136151025
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 0.215410362
percentage of the Total Certificate Balance
6. Class A-3 Notes Balance as a 0.197638585
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 0.102726808
percentage of the Total Certificate Balance
6. Class A-4 Notes Balance as a 0.094251645
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 0.085087093
percentage of the Total Certificate Balance
6. Class M-1 Notes Balance as a 0.078067241
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 0.078792323
percentage of the Total Certificate Balance
6. Class M-2 Notes Balance as a 0.072291802
percentage of the Pool Balance, EOP
</TABLE>
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