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SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.10 OF THE POOLING AND SERVICING
AGREEMENT DATED AS OF FEBRUARY 28,1998, THE MONEY STORE INC.
REPORTS THE FOLLOWING INFORMATION PERTAINING TO THE RESIDENTIAL TRUST 1998-I
FOR THE June 12, 2000 DETERMINATION DATE
1. AGGREGATE AMOUNT RECEIVED $3,719,477.41
LESS: SERVICE FEE 24,473.54
CONTINGENCY FEE 24,473.54
OTHER SERVICER FEES (Late Charges/Escrow) 57,816.04
UNREIMBURSED MONTHLY ADVANCES 0.00
------------------
106,763.12
PLUS: MONTHLY ADVANCE - INCLUDING
COMPENSATING INTEREST 68,163.94
PRE-FUNDING ACCOUNT TRANSFER 0.00
CAPITALIZED INTEREST ACCOUNT TRANSFER 0.00
------------------
68,163.94
AMOUNT WITHDRAWN FROM THE CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.01(b)(vi) 0.00
------------------
AVAILABLE REMITTANCE AMOUNT (I-2) 3,680,878.22
==================
2. (A) CLASS A-1 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 0.00
(B) CLASS A-2 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 0.00
(C) CLASS A-3 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 20,091,307.71
(D) CLASS A-4 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 23,496,000.00
(E) CLASS A-5 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 17,989,000.00
(F) CLASS M-1 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 22,500,000.00
(G) CLASS M-2 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 19,000,000.00
(H) CLASS B PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 13,500,000.00
3. PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS A-1 0.00
CLASS A-2 0.00
CLASS A-3 2,967,511.64
CLASS A-4 0.00
CLASS A-5 0.00
CLASS M-1 0.00
CLASS M-2 0.00
CLASS B 0.00
TOTAL PRINCIPAL DISTRIBUTION AMOUNT: 2,967,511.64
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4. (A) CLASS A INTEREST SHORTFALL CARRYFORWARD AMOUNT 0.00
CLASS M INTEREST SHORTFALL CARRYFORWARD AMOUNT 0.00
CLASS B INTEREST SHORTFALL CARRYFORWARD AMOUNT 0.00
AGGREGATE INTEREST SHORTFALL CARRYFORWARD AMOUNT 0.00
(B) CLASS A REALIZED LOSS AMOUNT 0.00
CLASS M REALIZED LOSS AMOUNT 0.00
CLASS B REALIZED LOSS AMOUNT 0.00
AGGREGATE REALIZED LOSS AMOUNT 0.00
5. AVAILABLE MAXIMUM SUBORDINATION AMOUNT 7,604,173.00
6. PRINCIPAL PREPAYMENT RECEIVED DURING
THE DUE PERIOD
AMOUNT 1,804,725.82
# OF LOANS 95
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD 64,226.54
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS
IN RESPECT OF PRINCIPAL RECEIVED DURING
THE DUE PERIOD 367,551.33
9. AMOUNT OF INTEREST RECEIVED 1,356,004.75
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON
THE DETERMINATION DATE
MONTHLY ADVANCE TO BE DEPOSITED IN THE CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.01 (a) (ii) 68,163.94
(B) AMOUNT OF COMPENSATING INTEREST 74.60
11. DELINQUENT AND FORECLOSURE INFORMATION (EXHIBIT L)
12. AMOUNT OF REALIZED LOSSES DURING
THE DUE PERIOD 470,146.56
13. CLASS A-1 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 0.00
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE 0.00
TOTAL CLASS A-1 REMITTANCE AMOUNT 0.00
CLASS A-2 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 0.00
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE 0.00
TOTAL CLASS A-2 REMITTANCE AMOUNT 0.00
CLASS A-3 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 104,056.23
(B) PRINCIPAL DISTRIBUTION AMOUNT 2,967,511.64
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE 0.00
TOTAL CLASS A-3 REMITTANCE AMOUNT 3,071,567.87
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CLASS A-4 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 127,563.70
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE 0.00
TOTAL CLASS A-4 REMITTANCE AMOUNT 127,563.70
CLASS A-5 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 107,484.28
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE 0.00
TOTAL CLASS A-5 REMITTANCE AMOUNT 107,484.28
CLASS A REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 339,104.21
(B) PRINCIPAL DISTRIBUTION AMOUNT 2,967,511.64
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE 0.00
TOTAL CLASS A REMITTANCE AMOUNT 3,306,615.85
CLASS M-1 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 136,312.50
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE 0.00
TOTAL CLASS M-1 REMITTANCE AMOUNT 136,312.50
CLASS M-2 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 118,670.83
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE 0.00
TOTAL CLASS M-2 REMITTANCE AMOUNT 118,670.83
CLASS M REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 254,983.33
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE 0.00
TOTAL CLASS M REMITTANCE AMOUNT 254,983.33
CLASS B REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 94,500.00
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE 0.00
TOTAL CLASS B REMITTANCE AMOUNT 94,500.00
AGGREGATE REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 688,587.54
(B) PRINCIPAL DISTRIBUTION AMOUNT 2,967,511.64
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE 0.00
TOTAL REMITTANCE AMOUNT 3,656,099.18
14. (A) REIMBURSABLE AMOUNT (I-22) 0.00
(B) GP REMITTANCE AMOUNT PAYABLE 0.00
15. (A) CLASS A-1 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 0.00
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(B) CLASS A-2 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 0.00
(C) CLASS A-3 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 17,123,796.07
(D) CLASS A-4 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 23,496,000.00
(E) CLASS A-5 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 17,989,000.00
(F) CLASS M-1 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 22,500,000.00
(G) CLASS M-2 PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 19,000,000.00
(H) CLASS B PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 13,500,000.00
(I) TOTAL POOL PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 113,608,796.07
16. TRIGGER EVENT CALCULATION TRIGGER ACTIVATED
THE TRIGGER EVENT WILL BE IN EFFECT IF EITHER
(1) (i) EXCEEDS 50% OF (ii)
(i) SIXTY-DAY DELINQUENCY RATIO 1.88%
(ii) SENIOR ENHANCEMENT PERCENTAGE 51.56% 3.65% NO
(2) BOTH (A) AND (B) OCCUR
(A) EITHER (X) OR (Y) OCCUR
(X) THE WEIGHTED AVERAGE FIVE-MONTH
SIXTY-DAY DELINQUENCY RATIO
EXCEEDS 9% OR 2.59%
(Y) THE CUMULATIVE REALIZED
LOSSES EXCEEDS $28,200,000 16,746,973.73 NO
(B) EITHER (X) OR (Y) OCCUR
(X) THE WEIGHTED AVERAGE FIVE-MONTH
SIXTY-DAY DELINQUENCY RATIO
EXCEEDS 15% OR 2.59%
(Y) THE CUMULATIVE REALIZED
LOSSES EXCEED $9,400,000 16,746,973.73 YES NO
----------
IF EITHER (1) OR (2) = "YES", THEN THE TRIGGER EVENT IS ON EFFECT NO
----------
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17. CUMULATIVE REALIZED LOSSES 16,746,973.73
18. AMOUNT BY WHICH THE FORMULA DISTRIBUTION AMOUNT
EXCEEDS THE CLASS DISTRIBUTION AMOUNT #VALUE!
19. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 24,473.54
(B) CONTINGENCY FEE FOR THE RELATED DUE PERIOD 24,473.54
(C) AMOUNT TO BE DEPOSITED TO THE EXPENSE
ACCOUNT - TRUSTEE 4,128.74
(D) FHA PREMIUM ACCOUNT 20,650.30
20. AMOUNT OF PAYMENTS AND REIMBURSEMENTS TO THE
SERVICERS PURSUANT TO:
(A) SECTION 5.04 (b) 0.00
(B) SECTION 5.04 (c) 0.00
(C) SECTION 5.04 (d)(ii) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f)(i) 48,947.08
21. CLASS A-1 POOL FACTOR (I-5):
CURRENT CLASS A-1 PRINCIPAL BALANCE 0.00 0.00000000
ORIGINAL CLASS A-1 PRINCIPAL BALANCE 54,493,000.00
CLASS A-2 POOL FACTOR (I-5):
CURRENT CLASS A-2 PRINCIPAL BALANCE 0.00 0.00000000
ORIGINAL CLASS A-2 PRINCIPAL BALANCE 19,745,000.00
CLASS A-3 POOL FACTOR (I-5):
CURRENT CLASS A-3 PRINCIPAL BALANCE 17,123,796.07 0.58488903
ORIGINAL CLASS A-3 PRINCIPAL BALANCE 29,277,000.00
CLASS A-4 POOL FACTOR (I-5):
CURRENT CLASS A-4 PRINCIPAL BALANCE 23,496,000.00 1.00000000
ORIGINAL CLASS A-4 PRINCIPAL BALANCE 23,496,000.00
CLASS A-5 POOL FACTOR (I-5):
CURRENT CLASS A-5 PRINCIPAL BALANCE 17,989,000.00 1.00000000
ORIGINAL CLASS A-5 PRINCIPAL BALANCE 17,989,000.00
CLASS M-1 POOL FACTOR (I-5):
CURRENT CLASS M-1 PRINCIPAL BALANCE 22,500,000.00 1.00000000
ORIGINAL CLASS M-1 PRINCIPAL BALANCE 22,500,000.00
CLASS M-2 POOL FACTOR (I-5):
CURRENT CLASS M-2 PRINCIPAL BALANCE 19,000,000.00 1.00000000
ORIGINAL CLASS M-2 PRINCIPAL BALANCE 19,000,000.00
CLASS B POOL FACTOR (I-5):
CURRENT CLASS B-1 PRINCIPAL BALANCE 13,500,000.00 1.00000000
ORIGINAL CLASS B-2 PRINCIPAL BALANCE 13,500,000.00
POOL FACTOR:
CURRENT POOL PRINCIPAL BALANCE 113,608,796.07 0.56804398
ORIGINAL POOL PRINCIPAL BALANCE 200,000,000.00
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22. (A) WEIGHTED AVERAGE MORTGAGE INTEREST RATE 13.836%
(B) ADJUSTED MORTGAGE INTEREST RATE OF THE MORTGAGE LOANS 15.386%
(C) WEIGHTED AVERAGE CLASS A-1, CLASS A-2,
CLASS A-3, CLASS A-4, CLASS A-5, CLASS M-1,
CLASS M-2 AND CLASS B ADJUSTED MORTGAGE
LOAN REMITTANCE RATE 7.153%
(D) WEIGHTED AVERAGE MORTGAGE INTEREST ----------------------------
RATE FOR 03/31/00 04/30/00 05/31/00
----------------------------
13.837% 13.837% 13.836%
23. (A) SENIOR PERCENTAGE #VALUE!
(B) CLASS B PERCENTAGE #VALUE!
24. (A) SPREAD AMOUNT 7,381,546.72
(B) SPECIFIED SUBORDINATED AMOUNT 10,800,000.00
25. (A) CLASS A APPLIED REALIZED LOSS AMOUNT 0.00
CLASS M APPLIED REALIZED LOSS AMOUNT 0.00
CLASS B APPLIED REALIZED LOSS AMOUNT 0.00
(B) UNPAID CLASS A REALIZED LOSS AMOUNT 0.00
UNPAID CLASS M REALIZED LOSS AMOUNT 0.00
UNPAID CLASS B REALIZED LOSS AMOUNT 0.00
26. ACCELERATED PRINCIPAL AMOUNT FOR THE CURRENT
REMITTANCE DATE 692,083.77
27. (A) AMOUNT TO BE DEPOSITED INTO THE FHA PREMIUM ACCOUNT
FOR THE DUE PERIOD 20,650.30
(B) AMOUNT REIMBURSABLE TO THE SERVICER AND/OR THE
CERTIFICATE INSURER FROM THE FHA ACCOUNT
PURSUANT TO 6.06(b)(i) 20,650.30
28. AMOUNT OF FHA PAYMENTS AND RELATED PAYMENTS
RECEIVED DURING THE MONTH 40,799.44
29. THE RESERVE AMOUNT FOR THE DUE PERIOD 19,675,314.23
30. CLAIMS FILED DURING THE DUE PERIOD 79,514.51
31. CLAIMS PAID DURING THE PERIOD 40,799.44
32. CLAIMS DENIED BY FHA DURING THE PERIOD 0.00
33. CLAIMS PENDING PAYMENT BY FHA DURING THE DUE PERIOD 275,124.67
34. OTHER INFORMATION N/A
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EXHIBIT L
REMIC DELINQUENCIES AS OF - May 31, 2000
RESIDENTIAL OUTSTANDING #
TRUST DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
1998-I $120,990,342.79 6,095 1 TO 29 DAYS 10,905,771.15 626 9.01%
30 TO 59 DAYS 1,649,000.54 109 1.36%
60 TO 89 DAYS 980,516.39 56 0.81%
90 AND OVER 1,031,002.27 58 0.85%
FORECLOSURE 160,061.87 3 0.13%
REO PROPERTY 106,034.24 1 0.09%
TOTALS $14,832,386.46 853 12.26%
============================
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RESIDENTIAL TRUST 1998-I
The following additional information, presented in dollars, pursuant to Section
6.10 subclauses (ii), (vi), (vii), (viii), (xiii), (xv), (xxii) is provided for
each Class per $1,000 original dollar amount as of the Cut-Off Date.
SUBCLAUSE CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 CLASS A-5
--------- --------- --------- --------- --------- ---------
(ii) 0.00 0.00 686.25 1,000.00 1,000.00
(vi) 0.00 0.00 61.64 0.00 0.00
(vii) 0.00 0.00 2.19 0.00 0.00
(viii) 0.00 0.00 12.55 0.00 0.00
(xiii) (a) 0.00 0.00 3.55 5.43 5.98
(b) 0.00 0.00 101.36 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) 0.00 0.00 584.89 1,000.00 1,000.00
(xxxv) 0.00 0.00 0.00 0.00 0.00
SUBCLAUSE CLASS M-1 CLASS M-2 CLASS B
--------- --------- --------- -------
(ii) 1,000.00 1,000.00 1,000.00
(vi) 0.00 0.00 0.00
(vii) 0.00 0.00 0.00
(viii) 0.00 0.00 0.00
(xiii) (a) 6.06 6.25 7.00
(b) 0.00 0.00 0.00
(c) 0.00 0.00 0.00
(d) 0.00 0.00 0.00
(xv) 1,000.00 1,000.00 1,000.00
(xxxv) 0.00 0.00 0.00
