<PAGE> 1
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
====================================================================================================================================
Original Beginning Current Ending
Certificate Certificate Certificate Realized Total Certificate
Class Cusip Rate Balance Balance Interest Principal Loss Distribution Balance
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AF-1 60935BCX5 6.35000% 131,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00
Factors per Thousand 0.00000000 0.00000000 0.00000000 0.00000000
------------------------------------------------------------------------------------------------------------------------------------
AF-2 60935BDS5 6.20500% 66,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00
Factors per Thousand 0.00000000 0.00000000 0.00000000 0.00000000
------------------------------------------------------------------------------------------------------------------------------------
AF-3 60935BCZ0 6.13000% 120,000,000.00 31,187,923.45 159,318.31 5,957,563.15 0.00 6,116,881.46 25,230,360.30
Factors per Thousand 1.32765257 49.64635958 50.97401216 210.25300250
------------------------------------------------------------------------------------------------------------------------------------
AF-4 60935BDA4 6.22500% 45,000,000.00 45,000,000.00 233,437.50 0.00 0.00 233,437.50 45,000,000.00
Factors per Thousand 5.18750000 0.00000000 5.18750000 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
AF-5 60935BDB2 6.37000% 59,000,000.00 59,000,000.00 313,191.67 0.00 0.00 313,191.67 59,000,000.00
Factors per Thousand 5.30833333 0.00000000 5.30833333 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
AF-6 60935BDC0 6.47000% 43,000,000.00 43,000,000.00 231,841.67 0.00 0.00 231,841.67 43,000,000.00
Factors per Thousand 5.39166667 0.00000000 5.39166667 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
AF-7 60935BDD8 6.87000% 49,000,000.00 49,000,000.00 280,525.00 0.00 0.00 280,525.00 49,000,000.00
Factors per Thousand 5.72500000 0.00000000 5.72500000 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
AF-8 60935BDE6 6.24500% 30,000,000.00 30,000,000.00 156,125.00 0.00 0.00 156,125.00 30,000,000.00
Factors per Thousand 5.20416667 0.00000000 5.20416667 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
AF-9 60935BDF3 6.40000% 27,000,000.00 27,000,000.00 144,000.00 0.00 0.00 144,000.00 27,000,000.00
Factors per Thousand 5.33333333 0.00000000 5.33333333 47.36842105
------------------------------------------------------------------------------------------------------------------------------------
POOL I 570,000,000.00 284,187,923.45 1,518,439.14 5,957,563.15 0.00 7,476,002.29 278,230,360.30
Totals 5.34308117 20.96346346 26.30654463 488.12343912
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
A-V 60935BDG1 6.80125% 530,000,000.00 173,242,888.90 1,014,619.84 6,030,386.23 0.00 7,045,006.07 167,212,502.67
Factors per Thousand 1.91437705 11.37808723 13.29246429 315.50
------------------------------------------------------------------------------------------------------------------------------------
POOL II 530,000,000.00 173,242,888.90 1,014,619.84 6,030,386.23 0.00 7,045,006.07 167,212,502.67
Totals 1.91437705 11.37808723 13.29246429 315.49528805
====================================================================================================================================
</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 ASSET BACKED CERTIFICATES
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
===================================================================================================================================
Original Beginning Current Ending
Certificate Certificate Certificate Realized Total Certificate
Class Cusip Rate Balance Balance Interest Principal Loss Distribution Balance
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AH-1 60935BDH9 6.35500% 55,523,000.00 0.00 0.00 0.00 0.00 0.00 0.00
Factors per Thousand 0.00000000 0.00000000 0.00000000 0.00000000
-----------------------------------------------------------------------------------------------------------------------------------
AH-2 60935BDJ5 6.20000% 12,685,000.00 0.00 0.00 0.00 0.00 0.00 0.00
Factors per Thousand 0.00000000 0.00000000 0.00000000 0.00000000
-----------------------------------------------------------------------------------------------------------------------------------
AH-3 60935BDK2 6.17500% 29,307,000.00 0.00 0.00 0.00 0.00 0.00 0.00
Factors per Thousand 0.00000000 0.00000000 0.00000000 0.00000000
-----------------------------------------------------------------------------------------------------------------------------------
AH-4 60935BDL0 6.39500% 10,406,000.00 10,307,996.88 54,933.03 2,072,816.59 0.00 2,127,749.63 8,235,180.29
Factors per Thousand 5.27897688 199.19436785 204.47334473 791.38768866
-----------------------------------------------------------------------------------------------------------------------------------
AH-5 60935BDM8 6.91000% 18,510,000.00 18,510,000.00 106,586.75 0.00 0.00 106,586.75 18,510,000.00
Factors per Thousand 5.75833333 0.00000000 5.75833333 1000.00000000
-----------------------------------------------------------------------------------------------------------------------------------
MH-1 60935BDN6 6.88500% 12,375,000.00 12,375,000.00 71,001.56 0.00 0.00 71,001.56 12,375,000.00
Factors per Thousand 5.73750000 0.00000000 5.73750000 1000.00000000
-----------------------------------------------------------------------------------------------------------------------------------
MH-2 60935BDP1 7.23000% 12,581,000.00 12,581,000.00 75,800.53 0.00 0.00 75,800.53 12,581,000.00
Factors per Thousand 6.02500000 0.00000000 6.02500000 1000.00000000
-----------------------------------------------------------------------------------------------------------------------------------
BH 60935BDQ9 7.96500% 13,613,000.00 13,613,000.00 90,356.29 0.00 0.00 90,356.29 13,613,000.00
Factors per Thousand 6.63750000 0.00000000 6.63750000 1000.00000000
-----------------------------------------------------------------------------------------------------------------------------------
POOL III 165,000,000.00 67,386,996.88 398,678.16 2,072,816.59 0.00 2,471,494.75 65,314,180.29
Totals 2.41623126 12.56252480 14.97875606 395.84
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
X n/a 0.00000% 0.00 0.00 1,572,341.90 0.00 0.00 1,572,341.90 0.00
-----------------------------------------------------------------------------------------------------------------------------------
R n/a 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTALS 1,265,000,000.00 524,817,809.23 4,504,079.04 14,060,765.98 0.00 18,564,845.01 510,757,043.25
===================================================================================================================================
</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 ASSET BACKED CERTIFICATES
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
=======================================================================================================================
CERTIFICATE INFORMATION
POOL I POOL III
Interest Carry Forward Monthly Advance Interest Carry Forward Monthly Advance
Requirement Amount for Bankruptcy Requirement Amount for Bankruptcy
<S> <C> <C> <C> <C> <C> <C> <C>
AF-1 0.00 0.00 0.00
AF-2 0.00 0.00 0.00 AH-1 0.00 0.00 0.00
AF-3 159,318.31 0.00 0.00 AH-2 0.00 0.00 0.00
AF-4 233,437.50 0.00 0.00 AH-3 0.00 0.00 0.00
AF-5 313,191.67 0.00 0.00 AH-4 54,933.03 0.00 0.00
AF-6 231,841.67 0.00 0.00 AH-5 106,586.75 0.00 0.00
AF-7 280,525.00 0.00 0.00 MH-1 71,001.56 0.00 0.00
AF-8 156,125.00 0.00 0.00 MH-2 75,800.53 0.00 0.00
AF-9 144,000.00 0.00 0.00 BH 90,356.29 0.00 0.00
POOL II Applied Realized Unaplied Realized
Loss Amount Loss Amount
AV 1,014,619.84 0.00 0.00 AH-1 0.00 0.00
AH-2 0.00 0.00
AH-3 0.00 0.00
AH-4 0.00 0.00
AH-5 0.00 0.00
MH-1 0.00 0.00
MH-2 0.00 0.00
BH 0.00 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> 4
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
=================================================================================================================================
POOL I
SCHEDULE OF REMITTANCE COLLATERAL INFORMATION
<S> <C> <C>
Aggregate Amount Received 8,042,506.10 Adjusted Mortgage Interest Rate 9.834%
Aggregate Beginning Principal Balance of Loans 301,241,677.00
Monthly Advance 60,252.09 Aggregate Ending Principal Balance of Loans 295,330,360.30
(Unreimbursed Monthly Advance) 0.00 Class X Distribution 265,423.77
(Servicer Fee) (61,373.73) Compensating Interest 151.57
(Contingency Fee) (61,373.72) Curtailments 700,698.82
(Late Charges) (72,120.57) Excess and Monthly Payments 605,737.46
(Escrow) (139,821.49) Insured Payment for Pool I & II 0.00
(Excess Spread) (959,993.82) Interest Received 2,567,570.94
(Subordination Reduction Amount) 0.00 Monthly Excess Spread Percentage 100.000%
-------------
(1,234,431.24) Payments And Reimbursements to the Servicers Pursuant to:
Section 5.04(b) 0.00
AVAILABLE REMITTANCE AMOUNT 6,808,074.86 Section 5.04(c) 0.00
============= Section 5.04(d)(ii) 0.00
Section 5.04(e) 0.00
FEES Section 5.04(f)(i) 122,747.45
Contingency Fee 61,373.72 Principal Prepayments (Number/Amount) 93 3,955,269.27
Expense Account 2,368.23 Realized Losses/Cumulative 649,611.15 11,982,980.17
Insurance Fee 24,274.39 Specified Subordinated Amount 17,100,000.00
Servicer Fee 61,373.73 Spread Account Balance 0.00
Subordinated Amount 16,404,142.40
WAC 10.479%
PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES WAM 257.841
6/30/00 7/31/00 8/31/00 Weighted Average Adjusted Mortgage Loan Remittance Rate 6.524%
------- ------- -------
10.500% 10.492% 10.485%
=================================================================================================================================
</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> 5
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
===================================================================================================================================
POOL II
SCHEDULE OF REMITTANCE COLLATERAL INFORMATION
<S> <C> <C>
Aggregate Amount Received 8,573,740.06 Adjusted Mortgage Interest Rate 10.523%
Aggregate Beginning Principal Balance of Loans 192,577,041.60
Monthly Advance 103,194.92 Aggregate Ending Principal Balance of Loans 185,403,006.00
(Unreimbursed Monthly Advance) 0.00 Class X Distribution 1,306,918.13
(Servicer Fee) (37,837.54) Compensating Interest 949.15
(Contingency Fee) (37,837.54) Curtailments 979,610.01
(Late Charges) (69,153.48) Excess and Monthly Payment 94,318.95
(Escrow) (162,497.01) Insured Payment for Pool I & II 0.00
(Excess Spread) (679,704.85) Interest Received 1,684,490.06
(Subordination Reduction Amount) (609,364.76) Libor 6.62125%
---------------
(1,493,200.26) Monthly Excess Spread Percentage 100.000%
Payments And Reimbursements to the Servicers Pursuant to:
AVAILABLE REMITTANCE AMOUNT 7,080,539.80 Section 5.04(b) 0.00
===============
Section 5.04(c) 0.00
Section 5.04(d)(ii) 0.00
FEES Section 5.04(e) 0.00
Contingency Fee 37,837.54 Section 5.04(f)(i) 75,675.08
Expense Account 1,443.69 Principal Prepayments (Number/Amount) 55 5,565,822.03
Insurance Fee 16,241.52 Realized Losses (Current Cumulative) 534,284.63 9,957,013.59
Servicer Fee 37,837.54 Specified Subordinated Amount 18,190,503.33
Spread Account Balance 0.00
Subordinated Amount 18,799,868.09
PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES WAC 11.168%
6/30/00 7/31/00 8/31/00 WAM 327.407
------- ------- ------- Weighted Average Adjusted Mortgage Loan Remittance Rate 6.924%
10.997% 11.026% 11.113%
===================================================================================================================================
</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> 6
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
====================================================================================================================================
POOL III
SCHEDULE OF REMITTANCE COLLATERAL INFORMATION
<S> <C> <C>
Aggregate Amount Received 2,525,721.31 Accelerated Principal Distribution 0.00
Adjusted Mortgage Interest Rate 12.321%
Monthly Advance 34,000.30 Aggregate Beginning Principal Balance of Loans 75,180,826.61
(Unreimbursed Monthly Advance) 0.00 Aggregate Ending Principal Balance of Loans 73,019,641.30
(Servicer Fee) (15,013.95) Class X Distribution 0.00
(Contingency Fee) (15,013.94) Compensating Interest 100.22
(Late Charges) (31,173.36) Curtailments 45,373.34
(Escrow) (21,404.43) Excess and Monthly Payment 205,382.51
(Excess Spread) (374,811.84) FHA Claims Denied 0.00
(Subordination Reduction Amount) 0.00 FHA Claims Filed 121,908.99
-------------
(423,417.23) FHA Claims Paid 68,528.48
FHA Claims Pending 531,410.26
AVAILABLE REMITTANCE AMOUNT 2,102,304.08 FHA Payments Received 68,528.48
============= Interest Received 770,640.71
Maximum Subordinated Amount 6,366,564.00
FEES Monthly Excess Spread Percentage 100.000%
Contingency Fee 15,013.94 Payments And Reimbursements to the Servicers Pursuant to:
Expense Account 1,123.12 Section 5.04(f)(i) 30,027.89
FHA Premium Account 4,498.06 Principal Prepayments (Number/Amount) 79 1,320,925.37
Servicer Fee 15,013.95 Realized Losses (Current/Cumulative) 527,373.29 16,720,190.31
Senior Percentage/Class B Percent 100.000% 0.000%
Specified Subordinated Amount 9,900,000.00
PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES Spread Account Balance 0.00
6/30/00 7/31/00 8/31/00 Subordinated Amount 7,266,456.44
------- ------- ------- Trigger in Effect (Yes/No) No
12.872% 12.870% 12.868% WAC 12.864%
WAM 194.071
Weighted Average Adjusted Mortgage Loan Remittance Rate 8.119%
Reserve Amount 1,544,449.25
====================================================================================================================================
</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> 7
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
===================================================================================================================================
----------------------------------------------------------------------------
EXHIBIT O - POOL I DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
----------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Delinquent 1-29 Days 533 26,689,411.76 9.04%
-------------------------------------------------- Delinquent 30-59 Days 129 6,862,748.93 2.32%
Outstanding Balance 295,330,360.30 Delinquent 60-89 Days 27 1,192,286.85 0.40%
-------------------------------------------------- Delinquent 90 and over 99 7,197,167.51 2.44%
# Accounts 5,577 Loans in Foreclosure 171 10,673,209.19 3.61%
-------------------------------------------------- REO Property 48 3,320,888.93 1.12%
---------------------------------------------------
TOTALS 1,007 55,935,713.17 18.94%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
EXHIBIT O - POOL II DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
----------------------------------------------------------------------------
Delinquent 1-29 Days 188 14,052,228.21 7.58%
-------------------------------------------------- Delinquent 30-59 Days 75 5,794,765.50 3.13%
Outstanding Balance 185,403,006.00 Delinquent 60-89 Days 25 1,730,730.05 0.93%
-------------------------------------------------- Delinquent 90 and over 107 9,018,993.21 4.86%
# Accounts 2,299 Loans in Foreclosure 201 17,832,366.26 9.62%
-------------------------------------------------- REO Property 67 4,787,550.80 2.58%
---------------------------------------------------
TOTALS 663 53,216,634.03 28.70%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
EXHIBIT O - POOL III DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
----------------------------------------------------------------------------
Delinquent 1-29 Days 673 11,711,640.13 16.04%
-------------------------------------------------- Delinquent 30-59 Days 133 2,359,911.33 3.23%
Outstanding Balance 73,019,641.30 Delinquent 60-89 Days 42 814,819.50 1.12%
-------------------------------------------------- Delinquent 90 and over 100 1,940,728.81 2.66%
# Accounts 4,204 Loans in Foreclosure 9 230,341.15 0.32%
-------------------------------------------------- REO Property 1 13,822.97 0.02%
---------------------------------------------------
TOTALS 958 17,071,263.89 23.38%
----------------------------------------------------------------------------
===================================================================================================================================
</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
