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Previous: CHADWICKS OF BOSTON LTD, S-1, 1996-05-24 |
Next: CLASSNOTES TRUST 1995-1 ASSET BACKED NOTES SER 1996-1, 8-K, 1996-05-24 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
---------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event report) May 15, 1996
--------------
The Money Store Inc. (as Representative under a
Pooling and Servicing Agreement dated as of
February 29, 1996 providing for the issuance of
TMS Asset Backed Certificates, Series 1996-A) and
each of the Originators listed on Schedule A
attached hereto.
The Money Store, Inc.
---------------------------------
(Exact name of registrant as specified in its charter)
New Jersey 33-84492 Applied For
--------------- ------------ -------------
State or other (Commission (IRS Employer
jurisdiction of File Number) ID Number)
incorporation)
2840 Morris Avenue, Union, New Jersey 07083
----------------------------------------------
(Address of principal executive officer)
Registrant's Telephone Number,
including area code: (908) 686-2000
n/a
--------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 7 Financial Statements and Exhibits
---------------------------------
Attached herein as Annex A is a copy of the Monthly Statement sent to
Class A Certificate holders with respect to the May 15, 1996 Remittance Date.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
THE MONEY STORE INC.
By: /s/ Harry Puglisi
----------------------
Name: Harry Puglisi
Title: Treasurer
Dated: May 25, 1996
<PAGE>
<TABLE>
<CAPTION>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.10 OF THE POOLING AND SERVICING
AGREEMENT DATED AS OF FEBRUARY 29, 1996, THE MONEY STORE INC.
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1996-A
FOR THE MAY 10, 1996 DETERMINATION DATE.
POOL I POOL II POOL III POOL IV
<S> <C> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED (5.03 b) $6,727,860.35 $1,684,538.26 $1,216,815.44 $144,866.00
ADJ: RECALCULATION 0.00 0.00 0.00 0.00
--------------------------------------------------------
6,727,860.35 1,684,538.26 1,216,815.44 144,866.00
LESS: SERVICE FEE (7.03 & 5.04) 72,393.03 18,004.94 10,521.61 2,996.89
CONTINGENCY FEE (7.03 & 5.04) 72,393.03 18,004.94 10,521.61 2,996.89
OTHER SERVICER FEES (Late Charges / Escrow) (7.03 & 5.04) 10,050.88 55.28 (56.77) 0.00
UNREIMBURSED MONTHLY ADVANCES (5.04 b) 0.00 0.00 0.00 0.00
--------------------------------------------------------
154,836.94 36,065.16 20,986.45 5,993.78
PLUS: MONTHLY ADVANCE (6.11) - INCLUDING
COMPENSATING INTEREST (6.12) 330,192.40 96,699.65 11,867.64 0.00
PRE-FUNDING ACCOUNT TRANSFER (6.02) 186,875.15 77,215.55 23,122.33 34.41
CAPITALIZED INTERST ACCOUNT TRANSFER (6.02) 15,896.32 19,687.19 9,054.00 0.00
--------------------------------------------------------
532,963.87 193,602.39 44,043.97 34.41
LESS: EXCESS SPREAD (1-19) 1,078,195.17 220,919.46 229,329.48 39,941.38
SUBORDINATION REDUCTION AMOUNT (1-56) 0.00 0.00 0.00 0.00
--------------------------------------------------------
1,078,195.17 220,919.46 229,329.48 39,941.38
------------- -------------- -------------- ------------
AVAILABLE REMITTANCE AMOUNT 6,027,792.12 1,621,156.03 1,010,543.49 98,965.26
============= ============== ============== ============
2. (A) CLASS A-1 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 100,827,137.35
(B) CLASS A-2 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 36,027,000.00
(C) CLASS A-3 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 66,142,000.00
(D) CLASS A-4 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 81,741,000.00
(E) CLASS A-5 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 35,888,000.00
(F) CLASS A-6 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 31,902,000.00
(G) CLASS A-7 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 52,540,000.00
(H) CLASS A-8 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 41,937,000.00
(I) CLASS A-9 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 123,883,236.19
(J) CLASS A-10 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 31,926,842.48
(F) CLASS A-11 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 18,520,000.00
</TABLE>
<PAGE>
(G) CLASS A-12 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 8,980,000.00
(H) CLASS A-13 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 14,938,622.31
3. PRINCIPAL DISTRIBUTION AMOUNTS :
CLASS A-1 4,558,395.42
CLASS A-2 0.00
CLASS A-3 0.00
CLASS A-4 0.00
CLASS A-5 0.00
CLASS A-6 0.00
CLASS A-7 0.00
CLASS A-8 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT : 4,558,395.42
CLASS A-9 1,213,110.30
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT : 1,213,110.30
CLASS A-10 886,284.82
CLASS A-11 0.00
CLASS A-12 0.00
TOTAL POOL III PRINCIPAL DISTRIBUTION AMOUNT 886,284.82
CLASS A-13 38,818.20
TOTAL POOL IV PRINCIPAL DISTRIBUTION AMOUNT : 38,818.20
4.TOTAL AMOUNT OF POOL I, II , III & IV
INSURED PAYMENTS 0.00
5. (A) SUBORDINATED AMOUNT
POOL I 911,791.92
POOL II 435,632.71
POOL III 2,024,771.09
POOL IV 956,537.65
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 10,350,000.00
POOL II 3,125,000.00
POOL III 5,400,000.00
POOL IV 1,800,000.00
6. PRINCIPAL PREPAYMENT RECEIVED DURING
THE DUE # ACCOUNTS DOLLARS
POOL I 87 2,834,612.14
POOL II 9 740,275.54
POOL III 66 526,861.58
POOL IV 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 447,006.70
POOL II 183,825.41
POOL III 57,870.83
POOL IV 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS
IN RESPECT OF PRINCIPAL RECEIVED DURING
THE DUE PERIOD
POOL I 343,367.47
POOL II 104,099.77
POOL III 93,266.15
POOL IV 4,554.77
9. AMOUNT OF INTEREST RECEIVED
POOL I 3,092,823.16
POOL II 656,282.26
POOL III 534,387.20
POOL IV 140,311.23
<PAGE>
10. (A) AMOUNT OF MONTHLY ADVANCES INCLUDING COMPENSATING
INTEREST TO BE MADE ON THE DETERMINATION DATE
TO BE DEPOSITED IN THE CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.01 (a) (ii)
POOL I 330,192.40
POOL II 96,699.65
POOL III 11,867.64
POOL IV 0.00
(B) AMOUNT OF COMPENSATING INTEREST
POOL I 2,222.73
POOL II 467.74
POOL III 199.41
POOL IV 0.00
11. DELINQUENT AND FORECLOSURE INFORMATION (EXHIBIT O)
12. THE AMOUNT OF REALIZED LOSSES DURING
DUE PERIOD
POOL I 0.00
POOL II 0.00
POOL III 0.00
POOL IV 0.00
13. CLASS A-1 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 522,620.66
(B) PRINCIPAL DISTRIBUTION AMOUNT 4,558,395.42
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-1 REMITTANCE AMOUNT 5,081,016.08
CLASS A-2 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 190,042.43
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-2 REMITTANCE AMOUNT 190,042.43
CLASS A-3 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 354,410.88
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-3 REMITTANCE AMOUNT 354,410.88
CLASS A-4 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 444,807.28
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-4 REMITTANCE AMOUNT 444,807.28
CLASS A-5 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 204,860.67
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-5 REMITTANCE AMOUNT 204,860.67
CLASS A-6 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 185,031.60
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-6 REMITTANCE AMOUNT 185,031.60
<PAGE>
CLASS A-7REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 322,245.33
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-7 REMITTANCE AMOUNT 322,245.33
CLASS A-8 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 267,697.85
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-8 REMITTANCE AMOUNT
267,697.85
POOL I REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 2,491,716.70
(B) PRINCIPAL DISTRIBUTION AMOUNT 4,558,395.42
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL I REMITTANCE AMOUNT 7,050,112.12
CLASS A-9 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 611,415.39
(B) PRINCIPAL DISTRIBUTION AMOUNT 1,213,110.30
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-9 REMITTANCE AMOUNT 1,824,525.69
POOL II REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 611,415.39
(B) PRINCIPAL DISTRIBUTION AMOUNT 1,213,110.30
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL II REMITTANCE AMOUNT 1,824,525.69
CLASS A-10 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 169,478.32
(B) PRINCIPAL DISTRIBUTION AMOUNT 886,284.82
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-10 REMITTANCE AMOUNT 1,055,763.14
CLASS A-11 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 105,255.33
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-11 REMITTANCE AMOUNT 105,255.33
CLASS A-12 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 55,750.83
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-12 REMITTANCE AMOUNT 55,750.83
<PAGE>
POOL III REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 330,484.49
(B) PRINCIPAL DISTRIBUTION AMOUNT 886,284.82
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL III REMITTANCE AMOUNT 1,216,769.31
CLASS A-13 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 92,245.99
(B) PRINCIPAL DISTRIBUTION AMOUNT 38,818.20
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-13 REMITTANCE AMOUNT 131,064.19
POOL IV REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 92,245.99
(B) PRINCIPAL DISTRIBUTION AMOUNT 38,818.20
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL IV REMITTANCE AMOUNT 131,064.19
14.(A) REIMBURSABLE AMOUNTS 0.00
(B) CLASS R REMITTANCE AMOUNT PAYABLE
PURSUANT
TO SECTION 6.08(d) (iii) AND ( iv)
POOL I (0.00)
POOL II 0.00
POOL III 0.00
POOL IV 0.00
15.(A) CLASS A-1 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 96,268,741.93
(B) CLASS A-2 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 36,027,000.00
(C) CLASS A-3 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 66,142,000.00
(D) CLASS A-4 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 81,741,000.00
(E) CLASS A-5 PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 35,888,000.00
(F) CLASS A-6 PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 31,902,000.00
(G) CLASS A-7 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 52,540,000.00
<PAGE>
[C] [C]
(H) CLASS A-8 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 41,937,000.00
(I) CLASS A-9 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 122,670,125.89
(J) CLASS A-10 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 31,040,557.66
(K) CLASS A-11 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 18,520,000.00
(L) CLASS A-12 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 8,980,000.00
(M) CLASS A-13 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 14,899,804.11
(O) TOTAL POOL I PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 442,445,741.93
(P) TOTAL POOL II PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 122,670,125.89
(Q) TOTAL POOL III PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 58,540,557.66
(R) TOTAL POOL IV PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 14,899,804.11
16. (A) MONTHLY EXCESS SPREAD PERCENTAGE (FOR POOL 100.00%
I, II, III, AND IV)
(B) EXCESS SPREAD (POOL I) 1,078,195.17
EXCESS SPREAD (POOL II) 220,919.46
EXCESS SPREAD (POOL III) 229,329.48
EXCESS SPREAD (POOL IV) 39,941.38
TOTAL EXCESS SPREAD (POOL I, II, III and 1,568,385.48
IV)
(C) REMAINDER EXCESS SPREAD AMOUNT POOL I 0.00
REMAINDER EXCESS SPREAD AMOUNT POOL II 0.00
REMAINDER EXCESS SPREAD AMOUNT POOL III 0.00
REMAINDER EXCESS SPREAD AMOUNT POOL IV 0.00
TOTAL REMAINDER EXCESS SPREAD AMOUNT POOL 0.00
I, II, III AND IV
<PAGE>
<TABLE>
<S> <C> <C>
17. CUMULATIVE REALIZED LOSSES
POOL I 0.00
POOL II 0.00
POOL III 0.00
POOL IV 0.00
18. (A) THE WEIGHTED AVERAGE MATURITY
POOL I 271.631
POOL II 356.389
POOL III 191.761
POOL IV 342.278
(B) THE WEIGHTED AVERAGE MORTGAGE
INTEREST RATE
POOL I 10.715%
POOL II 9.168%
POOL III 12.686%
POOL IV 11.693%
19. (A) SERVICING FEE FOR THE RELATED DUE PERIOD
POOL I 72,393.03
POOL II 18,004.94
POOL III 10,521.61
POOL IV 2,996.89
(B) CONTINGENCY FEE FOR THE RELATED DUE PERIOD
POOL I 72,393.03
POOL II 18,004.94
POOL III 10,521.61
POOL IV 2,996.89
(C) AMOUNT TO BE DEPOSITED TO THE EXPENSE ACCOUNT - TRUSTEE
POOL I 18,625.17
POOL II 5,161.80
POOL III 2,476.12
POOL IV 622.44
(D) AMOUNT TO BE DEPOSITED TO THE INSURANCE ACCOUNT- MBIA
POOL I 37,250.00
POOL II 12,388.00
POOL III 14,857.00
POOL IV 7,220.00
(E) FHA PREMIUM ACCOUNT 5,770.54
20. AMOUNT OF PAYMENTS AND REIMBURSEMENTS TO THE
SERVICERS PURSUANT TO:
POOL I POOL II
(A) SECTION 5.04 (b) 0.00 0.00
(B) SECTION 5.04 (c) 0.00 0.00
(C) SECTION 5.04 (d)(ii) 0.00 0.00
(D) SECTION 5.04 (e) 0.00 0.00
(E) SECTION 5.04 (f)(i) 144,786.06 36,009.88
POOL I POOL IV
(A) SECTION 5.04 (b) 0.00 0.00
(B) SECTION 5.04 (c) 0.00 0.00
(C) SECTION 5.04 (d)(ii) 0.00 0.00
(D) SECTION 5.04 (e) 0.00 0.00
(E) SECTION 5.04 (f)(i) 21,043.22 5,993.78
</TABLE>
<PAGE>
<TABLE>
<C> <C> <C>
21. CLASS A-1 POOL FACTOR (I-5):
CURRENT CLASS A-1 PRINCIPAL BALANCE 96,268,741.93 0.92723907
ORIGINAL CLASS A-1 PRINCIPAL BALANCE 103,823,000.00
CLASS A-2 POOL FACTOR (I-5):
CURRENT CLASS A-2 PRINCIPAL BALANCE 36,027,000.00 1.00000000
ORIGINAL CLASS A-2 PRINCIPAL BALANCE 36,027,000.00
CLASS A-3 POOL FACTOR (I-5):
CURRENT CLASS A-3 PRINCIPAL BALANCE 66,142,000.00 1.00000000
ORIGINAL CLASS A-3 PRINCIPAL BALANCE 66,142,000.00
CLASS A-4 POOL FACTOR (I-5):
CURRENT CLASS A-4 PRINCIPAL BALANCE 81,741,000.00 1.00000000
ORIGINAL CLASS A-4 PRINCIPAL BALANCE 81,741,000.00
CLASS A-5 POOL FACTOR (I-5):
CURRENT CLASS A-5 PRINCIPAL BALANCE 35,888,000.00 1.00000000
ORIGINAL CLASS A-5 PRINCIPAL BALANCE 35,888,000.00
CLASS A-6 POOL FACTOR (I-5):
CURRENT CLASS A-6 PRINCIPAL BALANCE 31,902,000.00 1.00000000
ORIGINAL CLASS A-6 PRINCIPAL BALANCE 31,902,000.00
CLASS A-7 POOL FACTOR (I-5):
CURRENT CLASS A-7 PRINCIPAL BALANCE 52,540,000.00 1.00000000
ORIGINAL CLASS A-7 PRINCIPAL BALANCE 52,540,000.00
CLASS A-8 POOL FACTOR (I-5):
CURRENT CLASS A-8 PRINCIPAL BALANCE 41,937,000.00 1.00000000
ORIGINAL CLASS A-8 PRINCIPAL BALANCE 41,937,000.00
POOL I FACTOR:
CURRENT POOL I PRINCIPAL BALANCE 442,445,741.93 0.98321276
ORIGINAL POOL I PRINCIPAL BALANCE 450,000,000.00
CLASS A-9 (POOL II) FACTOR:
CURRENT CLASS A-9 (POOL II) PRINCIPAL BALANCE 122,670,125.89 0.98136101
ORIGINAL CLASS A-9 (POOL II) PRINCIPAL BALANCE 125,000,000.00
CLASS A-10 POOL FACTOR (I-5):
CURRENT CLASS A-10 PRINCIPAL BALANCE 31,040,557.66 0.95509408
ORIGINAL CLASS A-10 PRINCIPAL BALANCE 32,500,000.00
CLASS A-11 POOL FACTOR (I-5):
CURRENT CLASS A-11 PRINCIPAL BALANCE 18,520,000.00 1.00000000
ORIGINAL CLASS A-11 PRINCIPAL BALANCE 18,520,000.00
CLASS A-12 POOL FACTOR (I-5):
CURRENT CLASS A-12 PRINCIPAL BALANCE 8,980,000.00 1.00000000
ORIGINAL CLASS A-12 PRINCIPAL BALANCE 8,980,000.00
POOL III FACTOR:
CURRENT POOL III PRINCIPAL BALANCE 58,540,557.66 0.97567596
ORIGINAL POOL III PRINCIPAL BALANCE 60,000,000.00
CLASS A-14 (POOL IV) FACTOR (I-5):
CURRENT CLASS A-14 PRINCIPAL BALANCE 14,899,804.11 0.99332027
ORIGINAL CLASS A-14 PRINCIPAL BALANCE 15,000,000.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
22. (A) WEIGHTED AVERAGE MORTGAGE INTEREST RATE
POOL I 10.715%
POOL II 9.168%
POOL III 12.686%
POOL IV 11.693%
(B) ADJUSTED MORTGAGE INTEREST RATE OF THE MORTGAGE LOANS
POOL I 10.065%
POOL II 8.518%
POOL III 10.836%
POOL IV 10.563%
(C) WEIGHTED AVERAGE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5
CLASS A-6, CLASS A-7 AND CLASS A-8 ADJUST MORTGAGE LOAN REMITTANCE RATE 6.844%
CLASS A-9 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 5.923%
CLASS A-10, CLASS A-11 AND CLASS A-12
ADJUSTED MORTGAGE LOAN REMITTANCE RATE 7.028%
CLASS A-14 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 8.040%
<CAPTION>
<S> <C> <C>
(D) WEIGHTED AVERAGE MO 02/29/96 03/31/96
------------------- ---------------
POOL I 10.700% 10.721%
POOL II 9.000% 9.082%
POOL III 12.650% 12.691%
POOL IV 11.700% 11.693%
<CAPTION>
<S> <C>
23. CLASS A-9 REMITTANCE 5.9225%
IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN FOR CLASS A-9 N/A
24. LIBOR RATE 5.5625%
25. POOL II NET FUNDS CAP (RATE) 8.392%
CLASS A-9 NET FUNDS CAP 0.00
26. CLASS A-9 CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0.00
MAXIMUM POOL II RATE FOR THE DUE PERIOD 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO LIBOR
INTEREST CARRYOVER 0.00
(B) LIBOR INTEREST CARRYOVER BALANCE 0.00
28. (A) AMOUNT TO BE DEPOSITED INTO THE FHA PREMIUM ACCOUNT
FOR THE DUE PERIOD 5,770.54
(B) AMOUNT REIMBURURSABLE TO THE SERVICER AND/OR THE
CERTIFICATE INSURER FROM THE FHA ACCOUNT PUSUANT TO 6.06(b)(i) 31,890.27
29. AMOUNT OF FHA PAYMENTS AND RELATED PAYMENTS
RECEIVED DURING THE MONTH 0.00
30. THE RESERVE AMOUNT FOR THE DUE PERIOD 6,000,000.00
31.CLAIMS FILED DURING THE DUE PERIOD 0.00
32. CLAIMS PAID DURING THE PERIOD 0.00
33. CLAIMS DENIED BY FHA DURING THE DUE PERIOD 0.00
34. CLAIMS PENDING PAYMENT BY FHA DURING THE DUE PERIOD 0.00
35. OTHER INFORMATION
SPREAD ACCOUNT BALANCES
POOL I 0.00
POOL II 0.00
POOL III 1,800,700.08
POOL IV 904,002.76
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
22. (A) WEIGHTED AVERAGE MORTGAGE INTEREST RATE
POOL I 10.715%
POOL II 9.168%
POOL III 12.686%
POOL IV 11.693%
(B) ADJUSTED MORTGAGE INTEREST RATE OF THE MORTGAGE LOANS
POOL I 10.065%
POOL II 8.518%
POOL III 10.836%
POOL IV 10.563%
(C) WEIGHTED AVERAGE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5
CLASS A-6, CLASS A-7 AND CLASS A-8 ADJUST MORTGAGE LOAN REMITTANCE RATE 6.844%
CLASS A-9 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 5.923%
CLASS A-10, CLASS A-11 AND CLASS A-12
ADJUSTED MORTGAGE LOAN REMITTANCE RATE 7.028%
CLASS A-14 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 8.040%
<CAPTION>
(D) WEIGHTED AVERAGE MORTGAGE INTEREST RATE FOR 02/29/96 03/31/96 04/30/96
--------------------------------------------
<S> <C> <C> <C>
POOL I 10.700% 10.721% 10.715%
POOL II 9.000% 9.082% 9.168%
POOL III 12.650% 12.691% 12.686%
POOL IV 11.700% 11.693% 11.693%
<CAPTION>
<S> <C>
23. CLASS A-9 REMITTANCE
IF REMITTANCE RATES BASED ON THE NET FUNDS CAP 5.9225%
LIBOR PLUS MARGIN FOR CLASS A-9 N/A
24. LIBOR RATE 5.5625%
25. POOL II NET FUNDS CAP (RATE) 8.392%
CLASS A-9 NET FUNDS CAP 0.00
26. CLASS A-9 CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0.00
MAXIMUM POOL II RATE FOR THE DUE PERIOD 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO LIBOR
INTEREST CARRYOVER 0.00
(B) LIBOR INTEREST CARRYOVER BALANCE 0.00
28. (A) AMOUNT TO BE DEPOSITED INTO THE FHA PREMIUM ACCOUNT
FOR THE DUE PERIOD 5,770.54
(B) AMOUNT REIMBURURSABLE TO THE SERVICER AND/OR THE
CERTIFICATE INSURER FROM THE FHA ACCOUNT PUSUANT TO 6.06(b)(i) 31,890.27
29. AMOUNT OF FHA PAYMENTS AND RELATED PAYMENTS
RECEIVED DURING THE MONTH 0.00
30. THE RESERVE AMOUNT FOR THE DUE PERIOD 6,000,000.00
31. CLAIMS FILED DURING THE DUE PERIOD 0.00
32. CLAIMS PAID DURING THE PERIOD 0.00
33. CLAIMS DENIED BY FHA DURING THE DUE PERIOD 0.00
34. CLAIMS PENDING PAYMENT BY FHA DURING THE DUE PERIOD 0.00
35. OTHER INFORMATION
SPREAD ACCOUNT BALANCES
POOL I 0.00
POOL II 0.00
POOL III 1,800,700.08
POOL IV 904,002.76
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT O ( POOL I )
REMIC DELINQUENCIES AS OF - APRIL 30, 1996
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C>
1996-A-I $395,718,539.95 7271 1 TO 29 DAYS 49,133,217.14 942 12.42%
30 TO 59 DAYS 6,946,162.35 134 1.76%
60 TO 89 DAYS 1,861,452.72 26 0.47%
90 AND OVER 687,099.41 13 0.17%
FORECLOSURE 97,850.00 2 0.02%
REO PROPERTY 0.00 0 0.00%
TOTALS $58,725,781.62 1,117 14.84%
=================================
<CAPTION>
EXHIBIT O ( POOL II )
REMIC DELINQUENCIES AS OF - APRIL 30, 1996
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C>
1996-A-II $103,220,880.10 1158 1 TO 29 DAYS 10,662,879.76 127 10.33%
30 TO 59 DAYS 1,263,519.27 16 1.22%
60 TO 89 DAYS 248,540.18 3 0.24%
90 AND OVER 156,734.24 1 0.15%
FORECLOSURE 48,000.00 1 0.05%
REO PROPERTY 0.00 0 0.00%
TOTALS $12,379,673.45 148 11.99%
=================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT O ( POOL III )
REMIC DELINQUENCIES AS OF - APRIL 30, 1996
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C>
1996-A-III $52,962,980.81 3544 1 TO 29 DAYS 9,700,598.08 638 18.32%
30 TO 59 DAYS 1,114,180.13 84 2.10%
60 TO 89 DAYS 407,126.79 24 0.77%
90 AND OVER 223,394.02 17 0.42%
CLAIMS PENDING 0.00 0 0.00%
FORECLOSURE 27,559.00 1 0.05%
REO PROPERTY 0.00 0 0.00%
TOTALS $11,472,858.02 764 21.66%
=============== ======== ==========
EXHIBIT O ( POOL IV )
REMIC DELINQUENCIES AS OF - APRIL 30, 1996
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
1996-A-IV 14,977,658.94 75 1 TO 29 DAYS 400,000.00 1 2.67%
30 TO 59 DAYS 114,895.12 1 0.77%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $514,895.12 2 3.44%
===================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
1996-A
The following additional information, presented in dollars, pursuant to
Secton 6.10 subclauses (ii), (vi), (vii), (viii), (xiii), (xv), (xxxvi)
is provided for each Class per $1,000 original dollar amount as of the
Cut-Off Date.
POOL I
SUBCLAUSE CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 CLASS A-5
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(ii) 971.14 998.75 1,000.00 1,000.00 1,000.00
(vi) 27.30 0.00 0.00 0.00 0.00
(vii) 4.31 0.00 0.00 0.00 0.00
(viii) 3.31 0.00 0.00 0.00 0.00
(xiii) (a) 5.03 5.27 5.36 5.44 5.71
(b) 43.91 0.00 0.00 0.00 0.00
(c) 0.00 0.00 0.00 0.00 0.00
(d) 0.00 0.00 0.00 0.00 0.00
(xv) 927.24 998.75 1,000.00 1,000.00 1,000.00
(xxxvi) 0.00 0.00 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
POOL II
SUBCLAUSE CLASS A-6 CLASS A-7 CLASS A-8 CLASS A-9
- --------- --------- --------- --------- ---------------
<S> <C> <C> <C> <C>
(ii) 1,000.00 1,000.00 1,000.00 991.07
(vi) 0.00 0 0.00 5.92
(vii) 0.00 0 0.00 1.47
(viii) 0.00 0 0.00 0.83
(xiii) (a) 5.80 6.13 6.38 4.89
(b) 0.00 0 0.00 9.70
(c) 0.00 0 0.00 0.00
(d) 0.00 0 0.00 0.00
(xv) 1,000.00 506.05 1,000.00 981.36
(xxxvi) 0.00 0 0 0.00
</TABLE>
<TABLE>
<CAPTION>
POOL III POOL IV
SUBCLAUSE CLASS A-10 CLASS A-11 CLASS A-12 CLASS A-13
- --------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
(ii) 982.36 1,000.00 1,000.00 995.91
(vi) 16.21 0.00 0.00 0.00
(vii) 1.78 0.00 0.00 0.00
(viii) 2.87 0.00 0.00 0.30
(xiii) (a) 5.21 5.68 6.21 6.15
(b) 27.27 0.00 0.00 2.59
(c) 0.00 0.00 0.00 0.00
(d) 0.00 0.00 0.00 0.00
(xv) 955.09 1,000.00 1,000.00 993.32
(xxxvi) 0.00 0.00 0.00 0.00
</TABLE>
<PAGE>
Schedule A
List of Originators
-------------------
1996-A
------
The Money Store/Minnesota Inc.
The Money Store/D.C. Inc.
The Money Store/Kentucky Inc.
The Money Store Home Equity Corp.
TMS Mortgage Inc.
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