<PAGE> 1
THE MONEY STORE RESIDENTIAL LOAN NOTES Record Date: 06/30/00
SERIES 1998-I Determination Date: 07/12/00
STATEMENT TO CERTIFICATEHOLDER Distribution Date: 07/17/00
<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 17,123,796.07 88,686.99 2,695,448.66 0.00 2,784,135.65 14,428,347.41
Factors 3.02923763 92.06710592 95.09634355 492.82192199
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 200,000,000.00 113,608,796.07 673,218.30 2,695,448.66 0.00 3,368,666.96 110,913,347.41
TOTALS 3.36609150 13.47724330 16.84333480 554.56673705
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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
----------------------------------------------------------------------------------------------------------------------------------
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TOTALS 200,000,000.00 113,608,796.07 673,218.30 2,695,448.66 0.00 3,368,666.96 110,913,347.41
==================================================================================================================================
</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: 06/30/00
SERIES 1998-I Determination Date: 07/12/00
STATEMENT TO CERTIFICATEHOLDER Distribution Date: 07/17/00
<TABLE>
<CAPTION>
==================================================================================================================================
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 88,686.99 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: 06/30/00
SERIES 1998-I Determination Date: 07/12/00
STATEMENT TO CERTIFICATEHOLDER Distribution Date: 07/17/00
<TABLE>
<CAPTION>
==================================================================================================================================
SCHEDULE OF REMITTANCE
----------------------
<S> <C> <C> <C> <C>
Aggregate Amount Received 3,488,993.16 FEES
----
Monthly Advance (incl. Comp Int.) 0.00 Contingency Fee 25,303.88
Capitalized Interest Account Transfer 0.00 Expense Account 3,786.96
Pre-funding Account Transfer 0.00 FHA Premium Amount 3,818.80
Amount Withdrawn from the Certificate Account 0.00 Servicer Fee 25,303.87
(Unreimbursed Monthly Advance) (3,231.41)
(Servicer Fee) (25,303.87)
(Contingency Fee) (25,303.88) PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
(Late Charges) (42,526.04) 4/30/00 5/31/00 6/30/00
(Escrow) (16,355.24) ------- ------- -------
--------------- 13.837% 13.837% 13.836%
(112,720.44)
AVAILABLE REMITTANCE AMOUNT 3,376,272.72
===============
------------------------------------------ -----------------------------------------------------------------
EXHIBIT O Outstanding Balance $ 118,398,586.80 DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
------------------------------------------ -----------------------------------------------------------------
# Accounts 5,971 Delinquent 1-29 Days 580 10,151,713.36 8.57%
------------------------------------------ Delinquent 30-59 Days 114 1,807,262.36 1.53%
Delinquent 60-89 Days 53 697,240.88 0.59%
Delinquent 90 and over 65 1,185,011.31 1.00%
Loans in Foreclosure 5 257,202.00 0.22%
REO Property 0 0.00 0.00%
-----------------------------------------
TOTALS 817 14,098,429.91 11.91%
-----------------------------------------------------------------
==================================================================================================================================
</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: 06/30/00
SERIES 1998-I Determination Date: 07/12/00
STATEMENT TO CERTIFICATEHOLDER Distribution Date: 07/17/00
<TABLE>
<CAPTION>
==================================================================================================================================
COLLATERAL INFORMATION
----------------------
<S> <C> <C> <C> <C>
Accelerated Principal Distribution 665,308.67 Principal Prepayments (Number / Amount) 91 1,470,632.33
Adjusted Mortgage Interest Rate 12.296 Realized Losses (Current / Cumulative) 565,290.90 17,312,264.63
Aggregate Beginning Principal Balance of Loans 120,990,342.70 Reimbursable Amount 0.00
Aggregate Ending Principal Balance of Loans 118,398,586.80 Reserve Amount for due period 19,618,375.57
Amt. Reimb. to Servicer/Cert. Insurer from Specified Subordinated Amount 10,800,000.01
FHA Acct. 3,818.80 Spread Amount 7,485,239.39
Available Maximum Suboridination Amount 7,604,173.00 WAC 13.836%
Compensating Interest 43.85 WAM 195.728
Curtailments 163,739.28 Weighted Average Adjusted Mortgage Loan Remittance Rate
Excess and Monthly Payments 337,101.00 for class AF-1, AF-2, AF-3, AF-4, AF-5, B, M-1 & M-2 7.173
FHA Claims Filed 0.00
FHA Claims Paid 56,938.67 TRIGGER EVENT CALCULATION
FHA Claims Pending 215,613.50 -------------------------
FHA Payments Denied 0.00 1. (i) Exceeds 50% of (ii) NO
FHA and Related Payments Received 56,938.67 (i) Sixty-day Delinquency Ratio 1.81%
GP Remittance Amount Payable 0.00 (ii) Senior Enhancement Percentage 52.78%
Interest Received 1,398,445.17
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 2.26%
section 4.04 (d)ii 0.00 (y) The Cumulative Realized Losses exceeds
section 4.04 (e) 0.00 $28,200,000 17,312,264.63
section 4.04 (f)I 50,607.75 and (b) either (x) or (y) YES
(x) The Wtd Avg 5 Mth 60-Day Delinq. Ratio
exceeds 15% or 2.26%
(y) The Cumulative Realized Losses exceed
$9,400,000 17,312,264.63
IF 1) OR 2) IS "YES" THEN TRIGGER EVENT
IS IN EFFECT NO
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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
