<PAGE> 1
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 06/30/00
SERIES 1998-B DETERMINATION DATE: 07/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 07/17/00
[FIRST UNION LOGO]
<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 n/a 6.29000% 88,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00
Factors per 0.00000000 0.00000000 0.00000000 0.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AF-2 60935BDS5 6.11500% 65,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00
Factors per 0.00000000 0.00000000 0.00000000 0.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AF-3 60935BDT3 6.04000% 132,000,000.00 76,097,444.60 383,023.80 6,976,099.00 0.00 7,359,122.80 69,121,345.60
Factors per 2.90169545 52.84923485 55.75093030 523.64655758
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AF-4 60935BDU0 6.11500% 50,000,000.00 50,000,000.00 254,791.67 0.00 0.00 254,791.67 50,000,000.00
Factors per 5.09583340 0.00000000 5.09583340 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AF-5 60935BDV8 6.22500% 35,000,000.00 35,000,000.00 181,562.50 0.00 0.00 181,562.50 35,000,000.00
Factors per 5.18750000 0.00000000 5.18750000 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AF-6 60935BDW6 6.31500% 48,000,000.00 48,000,000.00 252,600.00 0.00 0.00 252,600.00 48,000,000.00
Factors per 5.26250000 0.00000000 5.26250000 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AF-7 60935BDX4 6.65000% 52,969,000.00 52,969,000.00 293,536.54 0.00 0.00 293,536.54 52,969,000.00
Factors per 5.54166664 0.00000000 5.54166664 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AF-8 60935BDY2 6.11000% 29,000,000.00 29,000,000.00 147,658.33 0.00 0.00 147,658.33 29,000,000.00
Factors per 5.09166655 0.00000000 5.09166655 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AF-9 60935BDZ9 6.33500% 23,329,000.00 23,329,000.00 123,157.68 0.00 0.00 123,157.68 23,329,000.00
Factors per 5.27916670 0.00000000 5.27916670 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
Pool I 523,298,000.00 314,395,444.60 1,636,330.52 6,976,099.00 0.00 8,612,429.52 307,419,345.60
Totals 5.20468902 22.18893155 27.39362058 587.46516440
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
A-V 60935BEA3 6.80125% 524,381,000.00 238,790,547.90 1,443,621.52 14,208,122.50 0.00 15,651,744.02 224,582,425.40
Factors per 2.75300120 27.09503681 29.84803801 428.28
Thousand
------------------------------------------------------------------------------------------------------------------------------------
POOL II 524,381,000.00 238,790,547.90 1,443,621.52 14,208,122.50 0.00 15,651,744.02 224,582,425.40
Totals 2.75300120 27.09503681 29.84803801 428.28101209
====================================================================================================================================
</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 RECORD DATE: 06/30/00
SERIES 1998-B DETERMINATION DATE: 07/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 07/17/00
[FIRST UNION LOGO]
<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 60935BEB1 6.14500% 78,226,000.00 0.00 0.00 0.00 0.00 0.00 0.00
Factors per 0.00000000 0.00000000 0.00000000 0.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AH-2 60935BEC9 6.00000% 14,086,000.00 3,576,288.13 17,881.44 3,576,288.13 0.00 3,594,169.57 0.00
Factors per 1.26944768 253.88954494 255.15899262 0.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AH-3 60935BED7 6.07000% 25,358,000.00 25,358,000.00 128,269.22 59,974.67 0.00 188,243.89 25,298,025.33
Factors per 5.05833346 2.36511831 7.42345177 997.63488169
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AH-4 60935BEE5 6.17500% 11,345,000.00 11,345,000.00 58,379.48 0.00 0.00 58,379.48 11,345,000.00
Factors per 5.14583341 0.00000000 5.14583341 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AH-5 60935BEF2 6.32500% 9,470,000.00 9,470,000.00 49,914.79 0.00 0.00 49,914.79 9,470,000.00
Factors per 5.27083316 0.00000000 5.27083316 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AH-6 60935BEG0 6.55000% 13,002,000.00 13,002,000.00 70,969.25 0.00 0.00 70,969.25 13,002,000.00
Factors per 5.45833333 0.00000000 5.45833333 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
MH-1 60935BEH8 6.60000% 15,899,000.00 15,899,000.00 87,444.50 0.00 0.00 87,444.50 15,899,000.00
Factors per 5.50000000 0.00000000 5.50000000 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
MH-2 60935BEJ4 7.06000% 14,955,000.00 14,955,000.00 87,985.25 0.00 0.00 87,985.25 14,955,000.00
Factors per 5.88333333 0.00000000 5.88333333 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
BH 60935BEK1 7.89500% 16,396,000.00 16,396,000.00 107,872.02 0.00 0.00 107,872.02 16,396,000.00
Factors per 6.57916687 0.00000000 6.57916687 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
Pool III 198,737,000.00 110,001,288.13 608,715.95 3,636,262.80 0.00 4,244,978.75 106,365,025.33
Totals 3.06292210 18.29685866 21.35978077 535.20
------------------------------------------------------------------------------------------------------------------------------------
X n/a 0.00000% 0.00 0.00 700,097.19 0.00 0.00 700,097.19 0.00
------------------------------------------------------------------------------------------------------------------------------------
R n/a 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
----------------------------------==================================================================================================
TOTALS 1,246,416,000.00 663,187,280.63 4,388,765.18 24,820,484.30 0.00 29,209,249.48 638,366,796.33
====================================================================================================================================
</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 RECORD DATE: 06/30/00
SERIES 1998-B DETERMINATION DATE: 07/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 07/17/00
[FIRST UNION LOGO]
================================================================================
Certificate Information
Pool I
Interest Carry Forward Monthly Advance
Requirement Amount for Bankruptcy
AF-1 0.00 0.00 0.00
AF-2 0.00 0.00 0.00
AF-3 383,023.80 0.00 0.00
AF-4 254,791.67 0.00 0.00
AF-5 181,562.50 0.00 0.00
AF-6 252,600.00 0.00 0.00
AF-7 293,536.54 0.00 0.00
AF-8 147,658.33 0.00 0.00
AF-9 123,157.68 0.00 0.00
Pool II
AV 1,443,621.52 0.00 0.00 0.00
================================================================================
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 RECORD DATE: 06/30/00
SERIES 1998-B DETERMINATION DATE: 07/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 07/17/00
[FIRST UNION LOGO]
================================================================================
Certificate Information
Pool III
Unapplied
Interest Carry Forward Monthly Advance Applied Realized Realized
Requirement Amount for Bankruptcy Loss Amount Loss Amount
AH-1 0.00 0.00 0.00 0.00 0.00
AH-2 17,881.44 0.00 0.00 0.00 0.00
AH-3 128,269.22 0.00 0.00 0.00 0.00
AH-4 58,379.48 0.00 0.00 0.00 0.00
AH-5 49,914.79 0.00 0.00 0.00 0.00
AH-6 70,969.25 0.00 0.00
MH-1 87,444.50 0.00 0.00 0.00 0.00
MH-2 87,985.25 0.00 0.00 0.00 0.00
BH 107,872.02 0.00 0.00 0.00 0.00
================================================================================
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 RECORD DATE: 06/30/00
SERIES 1998-B DETERMINATION DATE: 07/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 07/17/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL I
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE
Aggregate Amount Received 9,346,366.03 FEES
Contingency Fee 67,409.67
Monthly Advance 67,378.40 Expense Account 3,340.45
(Unreimbursed Monthly Advance) 0.00 Insurance Fee 26,854.61
(Servicer Fee) (67,409.67) Servicer Fee 67,409.66
(Contingency Fee) (67,409.67) Trust Administrator Fee 2,341.88
(Late Charges) (110,091.57)
(Escrow) (149,817.80)
(Excess Spread) (1,147,857.44)
(Subordination Reduction Amount) 0.00
--------------- PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
(1,475,207.74) 3/31/00 4/30/00 5/31/00
------- ------- -------
10.733% 10.727% 10.720%
AVAILABLE REMITTANCE AMOUNT 7,871,158.29
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 635 28,430,982.86 8.78%
----------------------------------------------------- Delinquent 30-59 Days 141 6,461,321.43 2.00%
Outstanding Balance $323,641,583.60 Delinquent 60-89 Days 50 2,198,750.90 0.68%
----------------------------------------------------- Delinquent 90 and over 109 5,936,753.14 1.83%
# Accounts 6,836 Loans in Foreclosure 232 12,951,755.31 4.00%
----------------------------------------------------- REO Property 72 4,469,238.92 1.38%
---------------------------------------------
TOTALS 1239 $ 60,448,802.56 18.68%
====================================================================
====================================================================================================================================
</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 RECORD DATE: 06/30/00
SERIES 1998-B DETERMINATION DATE: 07/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 07/17/00
[FIRST UNION LOGO]
<TABLE>
=================================================================================================================================
POOL I
<S> <C> <C> <C> <C>
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 10.095% WAC 10.715%
Aggregate Beginning Principal Balance of Loans 330,617,682.60 WAM 256.94
Aggregate Ending Principal Balance of Loans 323,641,583.60 Weighted Average Adjusted Mortgage Loan
Compensating Interest 1,278.11 Remittance Rate 6.361%
Curtailments 666,041.02
Excess and Monthly Payments 654,551.84
Insured Payment 0.00
Interest Received 2,881,823.95
Monthly Excess Spread Percentage 100%
Payments And Reimbursements to the Servicers
Pursuant to:
Section 5.04(b) 0.00
Section 5.04(c) 0.00
Section 5.04(d)(ii) 0.00
Section 5.04(e) 0.00
Section 5.04(f)(I) 134,819.33
Principal Prepayments (Number / Amount) 121 4,881,381.99
Realized Losses (Current / Cumulative) 774,124.10 7,626,007.36
Specified Subordinated Amount 16,222,238.00
Subordinated Amount 15,448,113.85
=================================================================================================================================
</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 RECORD DATE: 06/30/00
SERIES 1998-B DETERMINATION DATE: 07/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 07/17/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL II
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE
Aggregate Amount Received 16,492,752.11 FEES
Contingency Fee 55,298.94
Monthly Advance 2,166.72 Expense Account 2,537.15
(Unreimbursed Monthly Advance) 0.00 Insurance Fee 22,386.61
(Servicer Fee) (55,298.94) Servicer Fee 55,298.93
(Contingency Fee) (55,298.94) Trust Administrator Fee 1,890.15
(Late Charges) (136,694.15)
(Escrow) (247,252.99)
(Excess Spread) (772,952.13)
(Subordination Reduction Amount) 0.00
--------------- PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
(1,265,330.42) 3/31/00 4/30/00 5/31/00
------- ------- -------
10.203% 10.291% 10.432%
AVAILABLE REMITTANCE AMOUNT 15,227,421.69
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 264 22,156,656.64 8.77%
----------------------------------------------------- Delinquent 30-59 Days 83 7,212,954.97 2.86%
Outstanding Balance $252,636,808.40 Delinquent 60-89 Days 27 1,911,248.86 0.76%
----------------------------------------------------- Delinquent 90 and over 101 8,071,044.77 3.19%
# Accounts 3,101 Loans in Foreclosure 225 20,854,993.19 8.25%
----------------------------------------------------- REO Property 64 5,015,254.70 1.99%
---------------------------------------------
TOTALS 764 $ 65,222,153.13 25.82%
====================================================================
====================================================================================================================================
</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> 8
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 06/30/00
SERIES 1998-B DETERMINATION DATE: 07/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 07/17/00
[FIRST UNION LOGO]
<TABLE>
=================================================================================================================================
POOL II
<S> <C> <C> <C> <C>
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 10.114% WAC 10.580%
Aggregate Beginning Principal Balance of Loans 266,844,930.90 WAM 333.94
Aggregate Ending Principal Balance of Loans 252,636,808.40 Weighted Average Adjusted Mortgage Loan
Compensating Interest 892.35 Remittance Rate 6.927%
Curtailments 1,677,729.39
Excess and Monthly Payment 138,593.90
Insured Payment 0.00
Interest Received 2,349,928.56
Interest Shortfall from Net Funds Cap Usage (A10)
Monthly Excess Spread Percentage 100%
Net Funds Cap (Rate) 0.000%
Payments And Reimbursements to the Servicers
Pursuant to:
Section 5.04(b) 0.00
Section 5.04(c) 0.00
Section 5.04(d)(ii) 0.00
Section 5.04(e) 0.00
Section 5.04(f)(I) 110,597.87
Principal Prepayments (Number / Amount) 128 11,939,568.65
Realized Losses(Current / Cumulative) 452,230.61 5,117,834.55
Specified Subordinated Amount 16,222,238.00
Subordinated Amount 15,448,113.85
=================================================================================================================================
</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> 9
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 06/30/00
SERIES 1998-B DETERMINATION DATE: 07/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 07/17/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL III
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE
Aggregate Amount Received 4,345,465.53 FEES
Contingency Fee 23,147.25
Monthly Advance 23,560.50 Expense Account 1,833.35
(Unreimbursed Monthly Advance) 0.00 FHA Premium Account 7,287.26
(Servicer Fee) (23,147.25) FHA Custodian Fee 47.16
(Contingency Fee) (23,147.25) Reimbursable to the Servicer -
(Late Charges) (41,893.94) FHA Account 28,915.83
(Escrow) (26,738.24) Insurance Fee 0.00
(Excess Spread) (561,221.13) Servicer Fee 23,147.24
(Subordination Reduction Amount) 0.00 Trust Administrator Fee 1,367.68
---------------
(652,587.31) PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
3/31/00 4/30/00 5/31/00
------- ------- -------
AVAILABLE REMITTANCE AMOUNT 3,692,878.22 10.935% 10.933% 10.925%
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 927 16,354,886.99 14.92%
----------------------------------------------------- Delinquent 30-59 Days 164 3,038,675.58 2.77%
Outstanding Balance $109,609,902.80 Delinquent 60-89 Days 56 1,085,946.29 0.99%
----------------------------------------------------- Delinquent 90 and over 115 2,013,826.09 1.84%
# Accounts 6,254 Loans in Foreclosure 26 435,018.34 0.40%
----------------------------------------------------- REO Property 2 56,972.22 0.05%
---------------------------------------------
TOTALS 1,290 $ 22,985,325.51 20.97%
====================================================================
====================================================================================================================================
</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> 10
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 06/30/00
SERIES 1998-B DETERMINATION DATE: 07/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 07/17/00
[FIRST UNION LOGO]
<TABLE>
===================================================================================================================================
POOL III
<S> <C> <C> <C> <C>
COLLATERAL INFORMATION
Accelerated Principal Distribution 561,221.13 Principal Prepayments (Number/Amount) 141 2,378,764.30
Adjusted Mortgage Interest Rate 12.401% Realized Losses(Current/Cumulative) 548,160.18 15,586,868.39
Aggregate Beginning Principal Balance of Loans 113,187,194.00 Senior Percentage/Class B Percent 100.00% 0.00%
Aggregate Ending Principal Balance of Loans 109,609,902.80 Specified Subordinated Amount 12,321,742.20
Compensating Interest 110.68 Subordinated Amount 2,683,656.34
Curtailments 149,384.02 Trigger in Effect (Yes/No) No
Deposit to Spread Account due to Trigger Activation 0.00 WAC 12.923%
Excess and Monthly Payment 308,271.55 WAM 200.93
FHA Claims Denied 0.00 Weighted Average Adjusted Mortgage Loan
FHA Claims Filed 74,406.61 Remittance Rate 7.660%
FHA Claims Paid 192,711.12
FHA Claims Pending 550,263.29
FHA Payments Received 199,409.29
Interest Received 1,194,504.42
Maximum Subordinated Amount 7,334,266.00
Monthly Excess Spread Percentage 100%
Net Funds Cap 9.604%
Payments And Reimbursements to the Servicers
Pursuant to:
Section 5.04(b) 0.00
Section 5.04(c) 0.00
Section 5.04(d)(ii) 0.00
Section 5.04(e) 0.00
Section 5.04(f)(I) 46,294.49
=================================================================================================================================
</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
