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Previous: HOUSEHOLD REVOLVING HOME EQUITY LOAN TRUST 1995-1, 8-K, 2000-12-29 |
Next: PHYSICIANS RESOURCE GROUP INC, 8-K, 2000-12-29 |
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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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Distribution Date: |
20-Dec-00 |
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Determination Date: |
19-Dec-00 |
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Month: |
67 |
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Servicer Certificate (Page 1 of 3) |
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Distribution Date: |
12/20/00 |
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Investor Certificateholder Floating Allocation Percentage |
85.12% |
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Investor Certificateholder Fixed Allocation Percentage |
97.90% |
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Aggregate Amount of Collections |
2,041,372.09 |
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Aggregate Amount of Interest Collections |
767,533.52 |
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Aggregate Amount of Principal Collections |
1,273,838.57 |
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Class A Interest Collections |
653,297.36 |
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Class A Principal Collections |
1,177,834.53 |
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Seller Interest Collections |
114,236.16 |
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Seller Principal Collections |
96,004.04 |
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Weighted Average Loan Rate |
14.80% |
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Net Loan Rate |
13.80% |
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Weighted Average Maximum Loan Rate |
19.60% |
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Class A-1 Certificate Rate |
6.83875% |
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Maximum Investor Certificate Rate |
13.7967% |
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Class A-1 Certificate Interest Distributed |
260,763.98 |
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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 |
6.7900% |
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Maximum Investor Certificate Rate |
13.7967% |
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Class A-2 Certificate Interest Distributed |
11,384.27 |
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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) |
1,247,145.28 |
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Alternative Principal Dist. Amount (APDA) |
1,177,834.53 |
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Rapid Amortization Period? (Y=1, N=0) |
0.00 |
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Scheduled Principal Distribution Amount (SPDA) |
1,177,834.53 |
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Principal allocable to Class A-1 |
1,128,222.96 |
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Principal allocable to Class A-2 |
49,611.57 |
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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 |
35,746.32 |
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Reduction in Certificate Principal Balance |
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due to Current Class A-2 Liquidation Loss Amount |
1,571.88 |
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Cumulative Investor Liquidation Loss Amount |
37,318.20 |
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Total Principal allocable to A-1 |
1,163,969.28 |
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Total Principal allocable to A-2 |
51,183.45 |
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Beginning Class A-1 Certificate Principal Balance |
45,756,428.67 |
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Beginning Class A-2 Certificate Principal Balance |
2,011,947.97 |
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Ending Class A-1 Certificate Principal Balance |
44,592,459.38 |
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Ending Class A-2 Certificate Principal Balance |
1,960,764.53 |
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Class A-1 Factor |
0.0980431 |
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Class A-2 Factor |
0.0980382 |
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Pool Factor (PF) |
0.1191818 |
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Servicer Certificate (Page 2 of 3) |
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Distribution Date: |
12/20/00 |
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Retransfer Deposit Amount |
0.00 |
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Servicing Fees Distributed |
41,825.80 |
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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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Current Investor Net Realized Loss |
37,318.20 |
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Investor Loss Reduction Amount |
0.00 |
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Beginning Pool Balance |
58,967,400.34 |
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Ending Pool Balance |
57,745,637.11 |
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Beginning Invested Amount |
50,190,963.64 |
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Ending Invested Amount |
48,975,810.91 |
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Beginning Seller Principal Balance |
8,776,436.70 |
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Ending Seller Principal Balance |
8,769,826.20 |
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Additional Balances |
96,004.04 |
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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 |
14.8835% |
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Ending Seller's Interest |
15.1870% |
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Delinquency & REO Status |
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30 - 59 days (Del Stat 3) |
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No. of Accounts |
186 |
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Trust Balance |
5,475,144.38 |
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60 - 89 days (Del Stat 4) |
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No. of Accounts |
54 |
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Trust Balance |
1,551,496.35 |
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90+ days (Del Stat 5+) |
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No. of Accounts |
82 |
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Trust Balance |
2,099,427.57 |
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270+ days (Del Stat 11+) |
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No. of Accounts |
48 |
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Trust Balance |
1,109,036.32 |
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REO |
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No. of Accounts |
8 |
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Trust Balance |
235,270.97 |
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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: |
12/20/00 |
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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 |
210,240.20 |
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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 |
2,041,372.09 |
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Deposit for principal not used to purchase subsequent loans |
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Servicing Fee |
41,825.80 |
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Prinicpal and Interest to Class A-1 |
1,424,733.26 |
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Prinicpal and Interest to Class A-2 |
62,567.72 |
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Seller's portion of Principal and Interest |
210,240.20 |
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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 |
302,005.11 |
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Total |
2,041,372.09 |
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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: |
12/20/00 |
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INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000) |
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Class A Certificateholder Floating Allocation Percentage |
85.1165% |
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Class A Certificateholder Fixed Allocation Percentage |
97.9045% |
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Beginning Class A-1 Certificate Balance |
45,756,428.67 |
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Beginning Class A-2 Certificate Balance |
2,011,947.97 |
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Class A-1 Certificate Rate |
6.838750% |
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Class A-2 Certificate Rate |
6.790000% |
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Class A-1 Certificate Interest Distributed |
0.573328 |
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Class A-2 Certificate Interest Distributed |
0.569214 |
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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 |
2.559159 |
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Class A-2 Certificate Principal Distributed |
2.559172 |
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Maximum Principal Distribution Amount |
2.626537 |
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Scheduled Principal Distribution Amount (SPDA) |
2.480566 |
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Accelerated Principal Distribution Amount |
0.000000 |
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Aggregate Investor Liquidation Loss Amount Distributed |
0.078594 |
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Total Amount Distributed to Certificateholders |
3.132314 |
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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 |
44,592,459.38 |
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Ending Class A-2 Certificate Balance |
1,960,764.53 |
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Class A-1 Factor |
0.098043114 |
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Class A-2 Factor |
0.098038226 |
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Pool Factor (PF) |
0.119181782 |
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Unreimbursed Liquidation Loss Amount |
$0 |
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Accrued Interest on Unreimbursed Liquidation Loss Amount |
$0 |
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Accrued & Unpaid Interest on Unreimbursed Liquidation Loss Amount |
$0 |
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Class A Servicing Fee |
41,825.80 |
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Beginning Invested Amount |
50,190,963.64 |
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Ending Invested Amount |
48,975,810.91 |
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Beginning Pool Balance |
58,967,400.34 |
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Ending Pool Balance |
57,745,637.11 |
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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: |
12/20/00 |
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DELINQUENCY & REO STATUS |
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30 - 59 days (Del Stat 3) |
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No. of Accounts |
186 |
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Trust Balance |
5,475,144.38 |
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60 - 89 days (Del Stat 4) |
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No. of Accounts |
54 |
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Trust Balance |
1,551,496.35 |
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90+ days (Del Stat 5+) |
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No. of Accounts |
82 |
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Trust Balance |
2,099,427.57 |
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REO |
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No. of Accounts |
8 |
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Trust Balance |
235,270.97 |
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Current Net Realized Loss |
43,843.69 |
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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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