<PAGE> 1
THE MONEY STORE RESIDENTIAL LOAN NOTES Record Date: 07/31/00
SERIES 1998-I Determination Date: 08/10/00
STATEMENT TO CERTIFICATEHOLDER Distribution Date: 08/15/00
[FIRST UNION LOGO]
<TABLE>
<CAPTION>
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ORIGINAL BEGINNING CURRENT ENDING
CERTIFICATE CERTIFICATE CERTIFICATE REALIZED TOTAL CERTIFICATE
CLASS CUSIP RATE BALANCE BALANCE INTEREST PRINCIPAL LOSS DISTRIBUTION BALANCE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 60935FAP5 6.40500% 54,493,000.00 0.00 0.00 0.00 0.00 0.00 0.00
Factors 0.00000000 0.00000000 0.00000000 0.00000000
per
Thousand
----------------------------------------------------------------------------------------------------------------------------------
A-2 60935FAQ3 6.20000% 19,745,000.00 0.00 0.00 0.00 0.00 0.00 0.00
Factors 0.00000000 0.00000000 0.00000000 0.00000000
per
Thousand
----------------------------------------------------------------------------------------------------------------------------------
A-3 60935FAR1 6.21500% 29,277,000.00 14,428,347.41 74,726.82 2,564,134.96 0.00 2,638,861.78 11,864,212.45
Factors 2.55240701 87.58188885 90.13429586 405.24003313
per
Thousand
----------------------------------------------------------------------------------------------------------------------------------
A-4 60935FAS9 6.51500% 23,496,000.00 23,496,000.00 127,563.70 0.00 0.00 127,563.70 23,496,000.00
Factors 5.42916667 0.00000000 5.42916667 1000.00000000
per
Thousand
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A-5 60935FAT7 7.17000% 17,989,000.00 17,989,000.00 107,484.28 0.00 0.00 107,484.28 17,989,000.00
Factors 5.97500028 0.00000000 5.97500028 1000.00000000
per
Thousand
----------------------------------------------------------------------------------------------------------------------------------
B 60935FAW0 8.40000% 13,500,000.00 13,500,000.00 94,500.00 0.00 0.00 94,500.00 13,500,000.00
Factors 7.00000000 0.00000000 7.00000000 1000.00000000
per
Thousand
----------------------------------------------------------------------------------------------------------------------------------
M-1 60935FAU4 7.27000% 22,500,000.00 22,500,000.00 136,312.50 0.00 0.00 136,312.50 22,500,000.00
Factors 6.05833333 0.00000000 6.05833333 1000.00000000
per
Thousand
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M-2 60935FAV2 7.49500% 19,000,000.00 19,000,000.00 118,670.83 0.00 0.00 118,670.83 19,000,000.00
Factors 6.24583316 0.00000000 6.24583316 1000.00000000
per
Thousand
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POOL I 200,000,000.00 110,913,347.41 659,258.13 2,546,134.96 0.00 3,223,393.09 108,349,212.45
TOTALS 3.29629065 12.82067480 16.11696545 541.74606225
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GP n/a 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Factors
per
Thousand
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
TOTALS 200,000,000.00 110,913,347.41 659,258.13 2,546,134.96 0.00 3,223,393.09 108,349,212.45
==================================================================================================================================
</TABLE>
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
STRUCTURED FINANCE TRUST SERVICES VICE PRESIDENT
401 SOUTH TRYON STREET, 12TH FLOOR PHONE: 704-383-9568
CHARLOTTE, NORTH CAROLINA 28288-1179 FAX: 704-383-6039
<PAGE> 2
THE MONEY STORE RESIDENTIAL LOAN NOTES Record Date: 07/31/00
SERIES 1998-I Determination Date: 08/10/00
STATEMENT TO CERTIFICATEHOLDER Distribution Date: 08/15/00
[FIRST UNION LOGO]
<TABLE>
<CAPTION>
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CERTIFICATE INFORMATION
-----------------------
Current Interest Carry Forward
Requirement Amount
<S> <C> <C> <C>
A-1 0.00 0.00
A-2 0.00 0.00
A-3 74,726.82 0.00
A-4 127,563.70 0.00
A-5 107,484.28 0.00
B 94,500.00 0.00
M-1 136,312.50 0.00
M-2 118,670.83 0.00
Applied Realized Unpaid Realized Interest Shortfall
Loss Amount Loss Amount Carryforward Amount
A 0.000% 0.000% 0.00
B 0.000% 0.000% 0.00
M 0.000% 0.000% 0.00
==================================================================================================================================
</TABLE>
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
STRUCTURED FINANCE TRUST SERVICES VICE PRESIDENT
401 SOUTH TRYON STREET, 12TH FLOOR PHONE: 704-383-9568
CHARLOTTE, NORTH CAROLINA 28288-1179 FAX: 704-383-6039
<PAGE> 3
THE MONEY STORE RESIDENTIAL LOAN NOTES Record Date: 07/31/00
SERIES 1998-I Determination Date: 08/10/00
STATEMENT TO CERTIFICATEHOLDER Distribution Date: 08/15/00
[FIRST UNION LOGO]
<TABLE>
<CAPTION>
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SCHEDULE OF REMITTANCE
----------------------
<S> <C> <C> <C> <C>
Aggregate Amount Received 3,310,862.76 FEES
----
Monthly Advance (incl. Comp Int.) 12,640.82 Contingency Fee 24,444.03
Capitalized Interest Account Transfer 0.00 Expense Account 3,697.11
Pre-funding Account Transfer 0.00 FHA Premium Amount 3,820.13
Amount Withdrawn from the Certificate Account 0.00 Servicer Fee 24,444.04
(Unreimbursed Monthly Advance) 0.00
(Servicer Fee) (24,444.04)
(Contingency Fee) (24,444.03) PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
(Late Charges) (29,521.48) 05/31/2000 06/30/2000 07/31/2000
(Escrow) (14,183.71) ---------- ---------- ----------
--------------- 13.837% 13.836% 13.827%
(79,952.44)
AVAILABLE REMITTANCE AMOUNT 3,230,910.32
===============
------------------------------------------ -----------------------------------------------------------------
EXHIBIT O Outstanding Balance $ 115,972,617.90 DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
------------------------------------------ -----------------------------------------------------------------
# Accounts 5,837 Delinquent 1-29 Days 537 9,147,127.48 7.89%
------------------------------------------ Delinquent 30-59 Days 108 1,945,771.50 1.68%
Delinquent 60-89 Days 65 1,185,973.96 1.02%
Delinquent 90 and over 62 969,992.08 0.84%
Loans in Foreclosure 2 30,011.51 0.03%
REO Property 1 104,569.17 0.09%
-----------------------------------------
TOTALS 775 13,383,445.70 11.54%
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==================================================================================================================================
</TABLE>
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
STRUCTURED FINANCE TRUST SERVICES VICE PRESIDENT
401 SOUTH TRYON STREET, 12TH FLOOR PHONE: 704-383-9568
CHARLOTTE, NORTH CAROLINA 28288-1179 FAX: 704-383-6039
<PAGE> 4
THE MONEY STORE RESIDENTIAL LOAN NOTES Record Date: 07/31/00
SERIES 1998-I Determination Date: 08/10/00
STATEMENT TO CERTIFICATEHOLDER Distribution Date: 08/15/00
[FIRST UNION LOGO]
<TABLE>
<CAPTION>
==================================================================================================================================
COLLATERAL INFORMATION
----------------------
<S> <C> <C> <C> <C>
Accelerated Principal Distribution 649,735.79 Principal Prepayments (Number / Amount) 97 1,395,081.41
Adjusted Mortgage Interest Rate 12.287 Realized Losses (Current / Cumulative) 549,460.73 17,861,725.36
Aggregate Beginning Principal Balance of Loans 118,398,586.80 Reimbursable Amount 0.00
Aggregate Ending Principal Balance of Loans 115,972,617.90 Reserve Amount *
Amt. Reimb. to Servicer/Cert. Insurer from Specified Subordinated Amount 10,800,000.01
FHA Acct. 3,820.13 Spread Amount 7,623,405.45
Available Maximum Suboridination Amount 7,604,173.00 WAC 13.827%
Compensating Interest 168.55 WAM 195.127
Curtailments 64,415.48 Weighted Average Adjusted Mortgage Loan Remittance Rate
Excess and Monthly Payments 358,751.11 for class AF-1, AF-2, AF-3, AF-4, AF-5, B, M-1 & M-2 7.194
FHA Claims Filed 0.00
FHA Claims Paid 60,310.57 TRIGGER EVENT CALCULATION
FHA Claims Pending 152,477.16 -------------------------
FHA Payments Denied 0.00 1. (i) Exceeds 50% of (ii) NO
FHA and Related Payments Received 60,310.57 (i) Sixty-day Delinquency Ratio 1.98%
GP Remittance Amount Payable 0.00 (ii) Senior Enhancement Percentage 54.00%
Interest Received 1,351,162.22
Payments and Reimbursments to the Servicers 2. Both(a) and (b) occur NO
pursuant to: (a) Either (x) or (y) occur NO
section 4.04 (b) 0.00 (x) The Wtd Avg 5 Mth 60-Day Delinq. Ratio does
section 4.04 (c) 0.00 exceed 9% or 2.03%
section 4.04 (d)ii 0.00 (y) The Cumulative Realized Losses exceeds
section 4.04 (e) 0.00 $28,200,000 17,861,725.36
section 4.04 (f)I 48,888.07 and (b) either (x) or (y) YES
(x) The Wtd Avg 5 Mth 60-Day Delinq. Ratio
exceeds 15% or 2.03%
(y) The Cumulative Realized Losses exceed
$9,400,000 17,861,725.36
IF 1) OR 2) IS "YES" THEN TRIGGER EVENT
IS IN EFFECT NO
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</TABLE>
* = Left blank because the Servicer is reviewing the numbers based on questions
the Servicer has raised concerning the numbers previously reported. Servicer is
researching the issue and will report the results of such research. If you have
questions on this you may call Linda Blanchfield at (215) 973-3328.
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
STRUCTURED FINANCE TRUST SERVICES VICE PRESIDENT
401 SOUTH TRYON STREET, 12TH FLOOR PHONE: 704-383-9568
CHARLOTTE, NORTH CAROLINA 28288-1179 FAX: 704-383-6039
