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Previous: HOUSEHOLD REVOLVING HOME EQUITY LOAN TRUST 1995-1, 8-K, 2000-11-29 |
Next: TULLYS COFFEE CORP, 10-Q/A, 2000-11-29 |
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Household Finance Corporation |
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Household Revolving Home Equity Loan |
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Revolving Home Equity Loan Asset Backed Certificates - Series 1995-1 |
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P & S Agreement Date: May 1, 1995 |
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Original Settlement Date: May 25, 1995 |
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Series Number of Class A-1 Certificates: 441919AE7 |
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Series Number of Class A-2 Certificates: 441919AF4 |
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Original Sale Balance: $474,825,000 |
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Servicer Certificate (Page 1 of 3) |
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Distribution Date: |
11/20/2000 |
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Investor Certificateholder Floating Allocation Percentage |
85.41% |
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Investor Certificateholder Fixed Allocation Percentage |
97.90% |
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Aggregate Amount of Collections |
1,987,707.19 |
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Aggregate Amount of Interest Collections |
706,286.39 |
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Aggregate Amount of Principal Collections |
1,281,420.80 |
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Class A Interest Collections |
603,252.08 |
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Class A Principal Collections |
1,192,473.71 |
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Seller Interest Collections |
103,034.31 |
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Seller Principal Collections |
88,947.09 |
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Weighted Average Loan Rate |
14.79% |
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Net Loan Rate |
13.79% |
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Weighted Average Maximum Loan Rate |
19.61% |
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Class A-1 Certificate Rate |
6.84% |
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Maximum Investor Certificate Rate |
13.79% |
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Class A-1 Certificate Interest Distributed |
276,390.27 |
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Class A-1 Investor Certificate Interest Shortfall before Policy Draw |
0.00 |
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Unpaid Class A-1 Certificate Interest Shortfall Received |
0.00 |
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Unpaid Class A-1 Certificate Interest Shortfall Remaining |
0.00 |
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Unpaid Class A-1 Carryover Interest Amount |
0.00 |
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Class A-2 Certificate Rate |
6.77% |
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Maximum Investor Certificate Rate |
13.79% |
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Class A-2 Certificate Interest Distributed |
12,028.75 |
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Class A-2 Investor Certificate Interest Shortfall before Policy Draw |
0.00 |
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Unpaid Class A-2 Certificate Interest Shortfall Received |
0.00 |
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Unpaid Class A-2 Certificate Interest Shortfall Remaining |
0.00 |
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Unpaid Class A-2 Carryover Interest Amount |
0.00 |
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Maximum Principal Dist. Amount (MPDA) |
1,254,568.63 |
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Alternative Principal Dist. Amount (APDA) |
1,192,473.71 |
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Rapid Amortization Period? (Y=1, N=0) |
0.00 |
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Scheduled Principal Distribution Amount (SPDA) |
1,192,473.71 |
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Principal allocable to Class A-1 |
1,142,245.52 |
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Principal allocable to Class A-2 |
50,228.19 |
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SPDA deposited to Funding Account |
0.00 |
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Accelerated Principal Distribution Amount |
0.00 |
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APDA allocable to Class A-1 |
0.00 |
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APDA allocable to Class A-2 |
0.00 |
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Reimbursement to Credit Enhancer |
0.00 |
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Reduction in Certificate Principal Balance |
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due to Current Class A-1 Liquidation Loss Amount |
26,668.16 |
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Reduction in Certificate Principal Balance |
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due to Current Class A-2 Liquidation Loss Amount |
1,172.68 |
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Cumulative Investor Liquidation Loss Amount |
27,840.84 |
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Total Principal allocable to A-1 |
1,168,913.68 |
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Total Principal allocable to A-2 |
51,400.87 |
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Beginning Class A-1 Certificate Principal Balance |
46,925,342.35 |
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Beginning Class A-2 Certificate Principal Balance |
2,063,348.84 |
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Ending Class A-1 Certificate Principal Balance |
45,756,428.67 |
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Ending Class A-2 Certificate Principal Balance |
2,011,947.97 |
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Class A-1 Factor |
0.1006023 |
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Class A-2 Factor |
0.1005974 |
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Pool Factor (PF) |
0.1217034 |
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Servicer Certificate (Page 2 of 3) |
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Distribution Date: |
11/20/2000 |
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Retransfer Deposit Amount |
0.00 |
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Servicing Fees Distributed |
42,842.73 |
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Beg. Accrued and Unpaid Inv. Servicing Fees |
0.00 |
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Accrued and Unpaid Inv. Servicing Fees Recv'd |
0.00 |
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End. Accrued and Unpaid Inv. Servicing Fees |
0.00 |
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Aggregate Investor Liquidation Loss Amount |
27,840.84 |
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Investor Loss Reduction Amount |
0.00 |
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Beginning Pool Balance |
60,192,226.64 |
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Ending Pool Balance |
58,967,400.34 |
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Beginning Invested Amount |
51,411,278.19 |
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Ending Invested Amount |
50,190,963.64 |
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Beginning Seller Principal Balance |
8,780,948.45 |
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Ending Seller Principal Balance |
8,776,436.70 |
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Additional Balances |
88,947.09 |
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Beginning Funding Account Balance |
0.00 |
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Ending Funding Account Balance |
0.00 |
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Ending Funding Account Balance % (before any purchase of Subsequent Loans) |
0.00% |
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Principal Balance of Subsequent Loans |
0.00 |
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Beginning Reserve Account Balance |
1,211,294.00 |
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Ending Reserve Account Balance |
1,211,294.00 |
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Beginning Seller Interest |
14.5882% |
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Ending Seller's Interest |
14.8835% |
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Delinquency & REO Status |
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30 - 59 days (Del Stat 3) |
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No. of Accounts |
202 |
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Trust Balance |
5,807,630.79 |
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60 - 89 days (Del Stat 4) |
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No. of Accounts |
46 |
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Trust Balance |
1,189,905.43 |
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90+ days (Del Stat 5+) |
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No. of Accounts |
85 |
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Trust Balance |
2,252,501.74 |
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270+ days (Del Stat 11+) |
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No. of Accounts |
117 |
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Trust Balance |
3,777,819.73 |
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REO |
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No. of Accounts |
9 |
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Trust Balance |
230,083.10 |
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Rapid Amortization Event ? |
No |
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Failure to make payment within 5 Business Days of Required Date ? |
No |
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Failure to perform covenant relating to Trust's Security Interest ? |
No |
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Failure to perform other covenants as described in the Agreement ? |
No |
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Breach of Representation or Warranty ? |
No |
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Bankruptcy, Insolvency or Receivership relating to Seller ? |
No |
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Subject to Investment Company Act of 1940 Regulation ? |
No |
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Servicing Termination ? |
No |
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Servicer Certificate (Page 3 of 3) |
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Distribution Date: |
11/20/2000 |
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Event of Default ? |
No |
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Failure by Servicer to make payment within 5 Bus. Days of Required Date ? |
No |
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Failure by Servicer to perform covenant relating to Trust's Security Interest ? |
No |
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Failure by Servicer to perform other covenants as described in the Agreement? |
No |
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Bankruptcy, Insolvency or Receivership relating to Master Servicer ? |
No |
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Trigger Event ? |
No |
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Policy Fee Distributed to Credit Enhancer (Paid directly from HFC) |
N/A |
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Premium Distributed to Credit Enhancer |
0.00 |
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Amount Distributed to Seller |
191,981.40 |
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Master Servicer Credit Facility Amount |
0.00 |
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Guaranteed Principal Distribution Amount |
0.00 |
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Credit Enhancement Draw Amount |
0.00 |
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Application of Available Funds |
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Aggregate Amount of Collections |
1,987,707.19 |
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Deposit for principal not used to purchase subsequent loans |
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Servicing Fee |
42,842.73 |
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Prinicpal and Interest to Class A-1 |
1,445,303.95 |
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Prinicpal and Interest to Class A-2 |
63,429.62 |
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Seller's portion of Principal and Interest |
191,981.40 |
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Funds deposited into Funding Account (Net) |
0.00 |
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Funds deposited into Spread Account |
0.00 |
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Excess funds released to Seller |
244,149.49 |
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Total |
1,987,707.19 |
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OFFICERS'S CERTIFICATE |
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All computations reflected in this Servicer Certificate were |
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made in conformity with the Pooling and Servicing Agreement. |
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The attached Servicing Certificate is true and correct in all |
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material respects. |
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A Servicing Officer |
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Statement to Certificateholders (Page 1 of 2) |
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Distribution Date: |
11/20/2000 |
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INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000) |
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Class A Certificateholder Floating Allocation Percentage |
85.4118% |
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Class A Certificateholder Fixed Allocation Percentage |
97.9045% |
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Beginning Class A-1 Certificate Balance |
46,925,342.35 |
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Beginning Class A-2 Certificate Balance |
2,063,348.84 |
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Class A-1 Certificate Rate |
6.84000% |
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Class A-2 Certificate Rate |
6.77000% |
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Class A-1 Certificate Interest Distributed |
0.607685 |
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Class A-2 Certificate Interest Distributed |
0.601438 |
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Class A-1 Certificate Interest Shortfall Distributed |
0.000000 |
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Class A-2 Certificate Interest Shortfall Distributed |
0.000000 |
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Remaining Unpaid Class A-1 Certificate Interest Shortfall |
0.000000 |
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Remaining Unpaid Class A-2 Certificate Interest Shortfall |
0.000000 |
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Rapid Amortization Event ? |
No |
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Class A-1 Certificate Principal Distributed |
2.570030 |
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Class A-2 Certificate Principal Distributed |
2.570043 |
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Maximum Principal Distribution Amount |
2.642171 |
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Scheduled Principal Distribution Amount (SPDA) |
2.511396 |
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Accelerated Principal Distribution Amount |
0.000000 |
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Aggregate Investor Liquidation Loss Amount Distributed |
0.058634 |
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Total Amount Distributed to Certificateholders |
3.177452 |
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Principal Collections deposited into Funding Account |
0.00 |
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Ending Funding Account Balance |
0.00 |
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Ending Class A-1 Certificate Balance |
45,756,428.67 |
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Ending Class A-2 Certificate Balance |
2,011,947.97 |
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Class A-1 Factor |
0.1006023 |
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Class A-2 Factor |
0.1005974 |
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Pool Factor (PF) |
0.1217034 |
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Unreimbursed Liquidation Loss Amount |
0.00 |
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Accrued Interest on Unreimbursed Liquidation Loss Amount |
0.00 |
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Accrued & Unpaid Interest on Unreimbursed Liquidation Loss Amount |
0.00 |
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Class A Servicing Fee |
42,842.73 |
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Beginning Invested Amount |
51,411,278.19 |
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Ending Invested Amount |
50,190,963.64 |
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Beginning Pool Balance |
60,192,226.64 |
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Ending Pool Balance |
58,967,400.34 |
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Credit Enhancement Draw Amount |
0.00 |
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Statement to Certificateholders (Page 2 of 2) |
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Distribution Date: |
11/20/2000 |
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DELINQUENCY & REO STATUS |
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30 - 59 days (Del Stat 3) |
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No. of Accounts |
202 |
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Trust Balance |
5,807,630.79 |
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60 - 89 days (Del Stat 4) |
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No. of Accounts |
46 |
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Trust Balance |
1,189,905.43 |
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90+ days (Del Stat 5+) |
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No. of Accounts |
85 |
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Trust Balance |
2,252,501.74 |
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REO |
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No. of Accounts |
9 |
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Trust Balance |
230,083.10 |
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Aggregate Liquidation Loss Amount for Liquidated Loans |
32,596.00 |
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Class A-1 Certificate Rate for Next Distribution Date |
To be updated |
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Class A-2 Certificate Rate for Next Distribution Date |
To be updated |
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Amount of any Draws on the Policy |
0.00 |
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Subsequent Mortgage Loans |
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No. of Accounts |
0.00 |
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Trust Balance |
0.00 |
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