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Previous: INLAND RETAIL REAL ESTATE TRUST INC, S-11, 1998-09-28 |
Next: GWL&A FINANCIAL INC, S-3, 1998-09-28 |
<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) September 15, 1998
----------------------------
The Money Store Inc. (as Representative under a Pooling and Servicing Agreement
dated as of July 31, 1998 providing for the issuance of TMS Asset Backed
Certificates, Series 1998-B) 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
- ----------
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 5 Other Events
------------
Attached herein as Annex A is a copy of the Monthly Statement sent to
Class A Certificate holders with respect to the September 15, 1998 Remittance
Date.
Item 7 Financial Statements and Exhibits
---------------------------------
The quarterly financial statement for the period ended September 30,
1997 for MBIA Inc. is incorporated by reference to the Form 10Q filed by MBIA
Inc. with the Securities and Exchange Commission on November 14, 1997.
<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
--------------------------
Harry Puglisi
Treasurer
Dated: September 30, 1998
<PAGE>
Schedule A
List of Originators
-------------------
1998-B
------
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.
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.10 OF THE POOLING AND SERVICING AGREEMENT DATED
AS OF JULY 31,1998, THE MONEY STORE INC. REPORTS THE FOLLOWING INFORMATION
PERTAINING TO SERIES 1998-B FOR THE SEPTEMBER 10, 1998 DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II POOL III
<S> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED (5.03 b) $8,186,333.19 $8,691,559.51 $4,876,435.56
ADJ : RECALCULATION 0.00 0.00 0.00
------------------------------------------------------
8,186,333.19 8,691,559.51 4,876,435.56
LESS: SERVICE FEE (7.03 & 5.04) 79,288.02 82,555.99 39,726.10
CONTINGENCY FEE (7.03 & 5.04) 79,288.02 82,555.99 39,726.10
OTHER SERVICER FEES (Late Charges / Escrow) (7.03 & 5.04) 147,345.37 302,599.88 8,962.21
UNREIMBURSED MONTHLY ADVANCES (5.04 b) 0.00 0.00 0.00
------------------------------------------------------
305,921.41 467,711.86 88,414.41
PLUS: MONTHLY ADVANCE (6.11) - INCLUDING
COMPENSATING INTEREST (6.12) 1,115,015.69 892,909.16 759.29
LESS: EXCESS SPREAD (I-19) 1,824,062.86 1,518,662.28 997,454.73
SUBORDINATION REDUCTION AMOUNT (I-56) 0.00 0.00 0.00
------------------------------------------------------
1,824,062.86 1,518,662.28 997,454.73
AVAILABLE REMITTANCE AMOUNT 7,171,364.62 7,598,094.52 3,791,325.72
2. (A) ORIGINAL CLASS AF-1 PRINCIPAL BALANCE
88,000,000.00
(B) ORIGINAL CLASS AF-2 PRINCIPAL BALANCE
65,000,000.00
(C) ORIGINAL CLASS AF3 PRINCIPAL BALANCE
132,000,000.00
(D) ORIGINAL CLASS AF-4 PRINCIPAL BALANCE
50,000,000.00
(E) ORIGINAL CLASS AF-5 PRINCIPAL BALANCE
35,000,000.00
(F) ORIGINAL CLASS AF-6 PRINCIPAL BALANCE
48,000,000.00
(G) ORIGINAL CLASS AF-7 PRINCIPAL BALANCE
52,969,000.00
(H) ORIGINAL CLASS AF-8 PRINCIPAL BALANCE
29,000,000.00
(I) ORIGINAL CLASS AF-9 PRINCIPAL BALANCE
23,329,000.00
(J) ORIGINAL CLASS AV PRINCIPAL BALANCE
524,381,000.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(K) ORIGINAL CLASS AH-1 PRINCIPAL BALANCE
78,226,000.00
(L) ORIGINAL CLASS AH-2 PRINCIPAL BALANCE
14,086,000.00
(M) ORIGINAL CLASS AH-3 PRINCIPAL BALANCE
25,358,000.00
(N) ORIGINAL CLASS AH-4 PRINCIPAL BALANCE
11,345,000.00
(O) ORIGINAL CLASS AH-5 PRINCIPAL BALANCE
9,470,000.00
(P) ORIGINAL CLASS AH-6 PRINCIPAL BALANCE
13,002,000.00
(Q) ORIGINAL CLASS MH-1 PRINCIPAL BALANCE
15,899,000.00
(R) ORIGINAL CLASS MH-2 PRINCIPAL BALANCE
14,955,000.00
(S) ORIGINAL CLASS BH PRINCIPAL BALANCE
16,396,000.00
3. PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS AF-1 6,234,966.88
CLASS AF-2 0.00
CLASS AF-3 0.00
CLASS AF-4 0.00
CLASS AF-5 0.00
CLASS AF-6 0.00
CLASS AF-7 0.00
CLASS AF-8 0.00
CLASS AF-9 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 6,234,966.88
CLASS AV (POOL II) PRINCIPAL DISTRIBUTION 6,443,736.90
CLASS AH-1 3,723,621.35
CLASS AH-2 0.00
CLASS AH-3 0.00
CLASS AH-4 0.00
CLASS AH-5 0.00
CLASS AH-6 0.00
CLASS MH-1 0.00
CLASS MH-2 0.00
CLASS BH 0.00
TOTAL POOL III PRINCIPAL DISTRIBUTION AMOUNT: 3,723,621.35
4.TOTAL AMOUNT OF POOL I, II & III
INSURED PAYMENTS 0.00
5. (A) SUBORDINATED AMOUNT
POOL I 797.93
POOL II 512.80
POOL III 777.34
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 16,222,238.00
POOL II 28,054,383.00
POOL III 12,321,742.00
(C) POOL III AVAILABLE MAXIMUM SUBORDINATED AMOUNT 7,334,266.00
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
6. PRINCIPAL PREPAYMENT RECEIVED DURING
THE DUE PERIOD # ACCOUNTS DOLLARS
POOL I 80 3,182,927.74
POOL II 49 3,720,715.04
POOL III 129 1,928,205.31
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 730,071.75
POOL II 1,133,979.40
POOL III 361,173.90
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS
IN RESPECT OF PRINCIPAL RECEIVED DURING
THE DUE PERIOD
POOL I 656,480.57
POOL II 235,492.16
POOL III 485,924.64
9. AMOUNT OF INTEREST RECEIVED
POOL I 3,469,507.76
POOL II 3,298,773.03
POOL III 2,061,854.53
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 1,115,015.69
POOL II 892,909.16
POOL III 759.29
(B) AMOUNT OF COMPENSATING INTEREST
POOL I 3,694.46
POOL II 6,109.93
POOL III 472.40
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
13. CLASS AF-1 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 461,266.67
(B) PRINCIPAL DISTRIBUTION AMOUNT 6,234,966.88
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS AF-1 REMITTANCE AMOUNT 6,696,233.55
CLASS AF-2 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 331,229.17
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS AF-2 REMITTANCE AMOUNT 331,229.17
CLASS AF-3 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 664,400.00
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS AF-3 REMITTANCE AMOUNT 664,400.00
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
CLASS AF-4 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 254,791.67
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS AF-4 REMITTANCE AMOUNT 254,791.67
CLASS AF-5 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 181,562.50
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS AF-5 REMITTANCE AMOUNT 181,562.50
CLASS AF-6 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 252,600.00
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS AF-6 REMITTANCE AMOUNT 252,600.00
CLASS AF-7 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 293,536.54
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS AF-7 REMITTANCE AMOUNT 293,536.54
CLASS AF-8 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 147,658.33
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS AF-8 REMITTANCE AMOUNT 147,658.33
CLASS AF-9 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 123,157.68
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS AF-9 REMITTANCE AMOUNT 123,157.68
POOL I REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 2,710,202.55
(B) PRINCIPAL DISTRIBUTION AMOUNT 6,234,966.88
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL I REMITTANCE AMOUNT 8,945,169.43
CLASS AV REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 2,618,287.35
(B) PRINCIPAL DISTRIBUTION AMOUNT 6,443,736.90
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS AV REMITTANCE AMOUNT 9,062,024.25
CLASS AH-1 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 400,582.31
(B) PRINCIPAL DISTRIBUTION AMOUNT 3,723,621.35
TOTAL CLASS AH-1 REMITTANCE AMOUNT 4,124,203.66
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
CLASS AH-2 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 70,430.00
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
70,430.00
TOTAL CLASS AH-2 REMITTANCE AMOUNT
CLASS AH-3 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 128,269.22
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
128,269.22
TOTAL CLASS AH-3 REMITTANCE AMOUNT
CLASS AH-4 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 58,379.48
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
58,379.48
TOTAL CLASS AH-4 REMITTANCE AMOUNT
CLASS AH-5 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 49,914.79
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
TOTAL CLASS AH-5 REMITTANCE AMOUNT 49,914.79
CLASS AH-6 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 70,969.25
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
TOTAL CLASS AH-6 REMITTANCE AMOUNT 70,969.25
CLASS MH-1 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 87,444.50
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
TOTAL CLASS MH-1 REMITTANCE AMOUNT 87,444.50
CLASS MH-2 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 87,985.25
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
TOTAL CLASS MH-2 REMITTANCE AMOUNT 87,985.25
CLASS BH REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 107,872.02
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
TOTAL CLASS BH REMITTANCE AMOUNT 107,872.02
POOL III REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 1,061,846.81
(B) PRINCIPAL DISTRIBUTION AMOUNT 3,723,621.35
TOTAL POOL III REMITTANCE AMOUNT 4,785,468.16
14.(A) REIMBURSABLE AMOUNTS
(B) CLASS X REMITTANCE AMOUNT PAYABLE PURSUANT
TO SECTION 6.08(d)(X)(v) AND (d)(Z)(xviii)
POOL I (0.00)
POOL II 0.00
POOL III 0.00
15.(A) CLASS AF-1 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 81,765,033.12
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(B) CLASS AF-2 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 65,000,000.00
(C) CLASS AF-3 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 132,000,000.00
(D) CLASS AF-4 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 50,000,000.00
(E) CLASS AF-5 PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 35,000,000.00
(F) CLASS AF-6 PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 48,000,000.00
(G) CLASS AF-7 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 52,969,000.00
(H) CLASS AF-8 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 29,000,000.00
(I) CLASS AF-9 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 23,329,000.00
(J) CLASS AV PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 517,937,263.10
(K) CLASS AH-1 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 74,502,378.65
(L) CLASS AH-2 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 14,086,000.00
(M) CLASS AH-3 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 25,358,000.00
(N) CLASS AH-4 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 11,345,000.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(O) CLASS AH-5 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 9,470,000.00
(P) CLASS AH-6 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 13,002,000.00
(P) CLASS MH-1 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 15,899,000.00
(Q) CLASS MH-2 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 14,955,000.00
(R) CLASS BH PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 16,396,000.00
(S) TOTAL POOL I PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 517,063,033.12
(T) TOTAL POOL II PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 517,937,263.10
(U) TOTAL POOL III PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 195,013,378.65
16. (A) MONTHLY EXCESS SPREAD PERCENTAGE (FOR POOL I, II AND III) 100.00%
(B) EXCESS SPREAD (POOL I) 1,824,062.86
EXCESS SPREAD (POOL II) 1,518,662.28
EXCESS SPREAD (POOL III) 997,454.73
TOTAL EXCESS SPREAD (POOL I, II and III) 4,340,179.87
(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
TOTAL REMAINDER EXCESS SPREAD AMOUNT POOL I, II and III 0.00
17. CUMULATIVE REALIZED LOSSES
POOL I 0.00
POOL II 0.00
POOL III 0.00
18. (A) THE WEIGHTED AVERAGE MATURITY
POOL I 274.213
POOL II 355.557
POOL III 220.100
(B) THE WEIGHTED AVERAGE MORTGAGE
INTEREST RATE
POOL I 10.876%
POOL II 9.997%
POOL III 12.977%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
19. (A) SERVICING FEE FOR THE RELATED DUE PERIOD
POOL I 79,288.02
POOL II 82,555.99
POOL III 39,726.10
(B) CONTINGENCY FEE FOR THE RELATED DUE PERIOD
POOL I 79,288.02
POOL II 82,555.99
POOL III 39,726.10
(C) AMOUNT TO BE DEPOSITED TO THE EXPENSE ACCOUNT - TRUSTEE
POOL I 5,560.04
POOL II 5,571.55
POOL III 3,312.28
(D) AMOUNT TO BE DEPOSITED TO THE INSURANCE ACCOUNT- MBIA
POOL I 44,698.00
POOL II 49,161.00
POOL III 0.00
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) 158,576.04 165,111.98
POOL III
(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) 79,452.20
21. CLASS AF-1 POOL FACTOR (I-5):
CURRENT CLASS AF-1 PRINCIPAL BALANCE 81,765,033.12 0.92914810
ORIGINAL CLASS AF-1 PRINCIPAL BALANCE 88,000,000.00
CLASS AF-2 POOL FACTOR (I-5):
CURRENT CLASS AF-2 PRINCIPAL BALANCE 65,000,000.00 1.00000000
ORIGINAL CLASS AF-2 PRINCIPAL BALANCE 65,000,000.00
CLASS AF-3 POOL FACTOR (I-5):
CURRENT CLASS AF-3 PRINCIPAL BALANCE 132,000,000.00 1.00000000
ORIGINAL CLASS AF-3 PRINCIPAL BALANCE 132,000,000.00
CLASS AF-4 POOL FACTOR (I-5):
CURRENT CLASS AF-4 PRINCIPAL BALANCE 50,000,000.00 1.00000000
ORIGINAL CLASS AF-4 PRINCIPAL BALANCE 50,000,000.00
CLASS AF-5 POOL FACTOR (I-5):
CURRENT CLASS AF-5 PRINCIPAL BALANCE 35,000,000.00 1.00000000
ORIGINAL CLASS AF-5 PRINCIPAL BALANCE 35,000,000.00
CLASS AF-6 POOL FACTOR (I-5):
CURRENT CLASS AF-6 PRINCIPAL BALANCE 48,000,000.00 1.00000000
ORIGINAL CLASS AF-6 PRINCIPAL BALANCE 48,000,000.00
CLASS AF-7 POOL FACTOR (I-5):
CURRENT CLASS AF-7 PRINCIPAL BALANCE 52,969,000.00 1.00000000
ORIGINAL CLASS AF-7 PRINCIPAL BALANCE 52,969,000.00
CLASS AF-8 POOL FACTOR (I-5):
CURRENT CLASS AF-8 PRINCIPAL BALANCE 29,000,000.00 1.00000000
ORIGINAL CLASS AF-8 PRINCIPAL BALANCE 29,000,000.00
CLASS AF-9 POOL FACTOR (I-5):
CURRENT CLASS AF-9 PRINCIPAL BALANCE 23,329,000.00 1.00000000
ORIGINAL CLASS AF-9 PRINCIPAL BALANCE 23,329,000.00
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C>
POOL I FACTOR:
CURRENT POOL I PRINCIPAL BALANCE 517,063,033.12 0.98808525
ORIGINAL POOL I PRINCIPAL BALANCE 523,298,000.00
CLASS AV (POOL II) FACTOR:
CURRENT CLASS AV PRINCIPAL BALANCE 517,937,263.10 0.98771173
ORIGINAL CLASS AV PRINCIPAL BALANCE 524,381,000.00
CLASS AH-1 POOL FACTOR (I-5):
CURRENT CLASS AH-1 PRINCIPAL BALANCE 74,502,378.65
ORIGINAL CLASS AH-1 PRINCIPAL BALANCE 78,226,000.00 0.95239919
CLASS AH-2 POOL FACTOR (I-5):
CURRENT CLASS AH-2 PRINCIPAL BALANCE 14,086,000.00
ORIGINAL CLASS AH-2 PRINCIPAL BALANCE 14,086,000.00 1.00000000
CLASS AH-3 POOL FACTOR (I-5):
CURRENT CLASS AH-3 PRINCIPAL BALANCE 25,358,000.00
ORIGINAL CLASS AH-3 PRINCIPAL BALANCE 25,358,000.00 1.00000000
CLASS AH-4 POOL FACTOR (I-5):
CURRENT CLASS AH-4 PRINCIPAL BALANCE 11,345,000.00
ORIGINAL CLASS AH-4 PRINCIPAL BALANCE 11,345,000.00 1.00000000
CLASS AH-5 POOL FACTOR (I-5):
CURRENT CLASS AH-5 PRINCIPAL BALANCE 9,470,000.00
ORIGINAL CLASS AH-5 PRINCIPAL BALANCE 9,470,000.00 1.00000000
CLASS AH-6 POOL FACTOR (I-5):
CURRENT CLASS AH-6 PRINCIPAL BALANCE 13,002,000.00
ORIGINAL CLASS AH-6 PRINCIPAL BALANCE 13,002,000.00 1.00000000
CLASS MH-1 POOL FACTOR (I-5):
CURRENT CLASS MH-1 PRINCIPAL BALANCE 15,899,000.00
ORIGINAL CLASS MH-1 PRINCIPAL BALANCE 15,899,000.00 1.00000000
CLASS MH-2 POOL FACTOR (I-5):
CURRENT CLASS MH-2 PRINCIPAL BALANCE 14,955,000.00
ORIGINAL CLASS MH-2 PRINCIPAL BALANCE 14,955,000.00 1.00000000
CLASS BH POOL FACTOR (I-5):
CURRENT CLASS BH PRINCIPAL BALANCE 16,396,000.00
ORIGINAL CLASS BH PRINCIPAL BALANCE 16,396,000.00 1.00000000
POOL III FACTOR (I-5):
CURRENT POOL III PRINCIPAL BALANCE 195,013,378.65
ORIGINAL POOL III PRINCIPAL BALANCE 198,737,000.00 0.98126357
22. (A) WEIGHTED AVERAGE MORTGAGE INTEREST RATE
POOL I 10.876%
POOL II 9.997%
POOL III 12.977%
(B) ADJUSTED MORTGAGE INTEREST RATE OF THE MORTGAGE LOANS
POOL I 10.224%
POOL II 9.335%
POOL III 12.427%
(C) WEIGHTED AVERAGE CLASS AF-1, CLASS AF-2, CLASS AF-3, CLASS AF-4, CLASS AF-5, CLASS AF-6,
CLASS AF-7, CLASS AF-8 AND CLASS AF-9 ADJUST MORTGAGE LOAN REMITTANCE RATE 6.329%
CLASS AV ADJUSTED MORTGAGE LOAN REMITTANCE RATE 5.924%
CLASS AH-1, CLASS AH-2, CLASS AH-3, CLASS AH-4, CLASS AH-5, CLASS AH-6,
CLASS MH-1, CLASS MH-2 AND CLASS BH ADJUSTED MORTGAGE LOAN REMITTANCE RATE 6.437%
---------------------------
(D) WEIGHTED AVERAGE MORTGAGE INTEREST RATE FOR 07/31/98 08/31/98
---------------------------
POOL I 10.882% 10.876%
POOL II 9.995% 9.997%
POOL III 12.976% 12.977%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
23. CLASS AV REMITTANCE RATE 5.79844%
IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN FOR CLASS AV N/A
24. LIBOR RATE 5.64844%
25. CLASS AV NET FUNDS CAP 9.305%
26. CLASS AV CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO LIBOR
INTEREST CARRYOVER 0.00
(B) LIBOR INTEREST CARRYOVER BALANCE 0.00
28. POOL III TRIGGER EVENT IN EFFECT
29.(A) SENIOR PERCENTAGE 100.00%
CLASS B PERCENTAGE 0.00
30. (A) POOL III AGGREGATE APPLIED REALIZED LOSS AMOUNT 0.00
CLASS AH-1 APPLIED REALIZED LOSS AMOUNT 0.00
CLASS AH-2 APPLIED REALIZED LOSS AMOUNT 0.00
CLASS AH-3 APPLIED REALIZED LOSS AMOUNT 0.00
CLASS AH-4 APPLIED REALIZED LOSS AMOUNT 0.00
CLASS AH-5 APPLIED REALIZED LOSS AMOUNT 0.00
CLASS AH-6 APPLIED REALIZED LOSS AMOUNT
CLASS MH-1 APPLIED REALIZED LOSS AMOUNT 0.00
CLASS MH-2 APPLIED REALIZED LOSS AMOUNT 0.00
CLASS BH APPLIED REALIZED LOSS AMOUNT 0.00
(B) POOL III AGGREGATE UNAPPLIED REALIZED LOSS AMOUNT
CLASS AH-1 UNAPAID REALIZED LOSS AMOUNT 0.00
CLASS AH-2 UNAPAID REALIZED LOSS AMOUNT 0.00
CLASS AH-3 UNAPAID REALIZED LOSS AMOUNT 0.00
CLASS AH-4 UNAPAID REALIZED LOSS AMOUNT 0.00
CLASS AH-5 UNAPAID REALIZED LOSS AMOUNT 0.00
CLASS AH-6 UNAPAID REALIZED LOSS AMOUNT
CLASS MH-1 UNAPAID REALIZED LOSS AMOUNT 0.00
CLASS MH-2 UNAPAID REALIZED LOSS AMOUNT 0.00
CLASS BH UNAPAID REALIZED LOSS AMOUNT
31. POOL III ACCELERATED PRINCIPAL DISTRIBUTION AMOUNT
32. (A) AMOUNT TO BE DEPOSITED INTO THE FHA PREMIUM ACCOUNT
FOR THE DUE PERIOD 30,314.97
(B) AMOUNT REIMBURURSABLE TO THE SERVICER
FROM THE FHA ACCOUNT PUSUANT TO 6.06(b)(i) 8,864.63
33. AMOUNT OF FHA PAYMENTS AND RELATED PAYMENTS
RECEIVED DURING THE DUE PERIOD 0.00
34. THE RESERVE AMOUNT FOR THE DUE PERIOD
35. CLAIMS FILED DURING THE DUE PERIOD 0.00
36. CLAIMS PAID DURING THE PERIOD 0.00
37. CLAIMS DENIED BY FHA DURING THE DUE PERIOD 0.00
38. CLAIMS PENDING PAYMENT BY FHA DURING THE DUE PERIOD 0.00
39. NUMBER OF ALL DEFAULTED MORTGAGE LOANS PURCHASED DURING THE DUE PERIOD 0.00
PRINCIPAL BALANCE OF ALL DEFAULTED MORTGAGE LOANS PURCHASED DURING THE DUE PERIOD 0.00
</TABLE>
<PAGE>
EXHIBIT O (POOL I)
REMIC DELINQUENCIES AS OF -AUGUST 31, 1998
<TABLE>
<CAPTION>
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1998-B-I $518,729,317.87 10,834 1 TO 29 DAYS 35,858,937.47 786 6.91%
30 TO 59 DAYS 6,706,386.60 132 1.29%
60 TO 89 DAYS 1,053,250.49 16 0.20%
90 AND OVER 42,895.49 1 0.01%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $43,661,470.05 935 8.42%
=========================================
</TABLE>
EXHIBIT O (POOL II)
REMIC DELINQUENCIES AS OF -AUGUST 31, 1998
<TABLE>
<CAPTION>
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1998-B-II $519,291,326.20 5,841 1 TO 29 DAYS 44,199,558.23 499 8.51%
30 TO 59 DAYS 7,354,465.13 90 1.42%
60 TO 89 DAYS 800,644.73 9 0.15%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $52,354,668.09 598 10.08%
=========================================
</TABLE>
<PAGE>
EXHIBIT O ( POOL III )
REMIC DELINQUENCIES AS OF -AUGUST 31, 1998
<TABLE>
<CAPTION>
<S> <C> <C>
REMIC OUTSTANDING # <C> <C> <C> <C>
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
1998-B-III 195,962,473.49 10695 1 TO 29 DAYS 26,301,651.66 1457 13.42%
30 TO 59 DAYS 2,401,565.43 130 1.23%
60 TO 89 DAYS 1,207,065.35 55 0.62%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $29,910,282.44 1642 15.26%
===========================================
</TABLE>
<PAGE>
1998-B
The following additional information, presented in dollars, pursuant to Section
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
<TABLE>
<CAPTION>
POOL I
SUBCLAUSE CLASS AF-1 CLASS AF-2 CLASS AF-3 CLASS AF-4 CLASS AF-5 CLASS AF-6 CLASS AF-7
- -------------------- ----------------- --------------- -------------- ------------- ------------- -------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
(ii) 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
(vi) 36.17 0.00 0.00 0.00 0.00 0.00 0.00
(vii) 8.30 0.00 0.00 0.00 0.00 0.00 0.00
(viii) 7.46 0.00 0.00 0.00 0.00 0.00 0.00
(xiii) (a) 5.24 5.10 5.03 5.10 5.19 5.26 5.54
(b) 70.85 0.00 0.00 0.00 0.00 0.00 0.00
(c) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(d) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(xv) 929.15 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
(xxxvi) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
<CAPTION>
Pool I Pool II Pool III
SUBCLAUSE CLASS AF-8 CLASS AF-9 CLASS AV CLASS AH-1 CLASS AH-2 CLASS AH-3
- -------------------- ----------------- --------------- ---------------- ------------- ------------- -----------
<S> <C> <C> <C> <C> <C> <C>
(ii) 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
(vi) 0.00 0.00 7.10 24.65 0.00 0.00
(vii) 0.00 0.00 7.10 24.65 0.00 0.00
(viii) 0.00 0.00 0.45 6.21 0.00 0.00
(xiii) (a) 5.09 5.28 4.99 5.12 5.00 5.06
(b) 0.00 0.00 12.29 47.60 0.00 0.00
(c) 0.00 0.00 0.00 0.00 0.00 0.00
(d) 0.00 0.00 0.00 0.00 0.00 0.00
(xv) 1,000.00 1,000.00 987.71 952.40 1,000.00 1,000.00
(xxxvi) 0.00 0.00 0.00 0.00 0.00 0.00
<CAPTION>
POOL III
SUBCLAUSE CLASS AH-4 CLASS AH-5 CLASS AH-6 CLASS MH-1 CLASS MH-2 CLASS BH
- -------------------- ----------------- --------------- ---------------- ------------- ------------- ------------
<S> <C> <C> <C> <C> <C> <C>
(ii) 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
(vi) 0.00 0.00 0.00 0.00 0.00 0.00
(vii) 0.00 0.00 0.00 0.00 0.00 0.00
(viii) 0.00 0.00 0.00 0.00 0.00 0.00
(xiii) (a) 5.15 5.27 5.46 5.50 5.88 6.58
(b) 0.00 0.00 0.00 0.00 0.00 0.00
(c) 0.00 0.00 0.00 0.00 0.00 0.00
(d) 0.00 0.00 0.00 0.00 0.00 0.00
(xv) 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
(xxxvi) 0.00 0.00 0.00 0.00 0.00 0.00
</TABLE>
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