<PAGE> 1
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 08/31/00
SERIES 1998-B DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
[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 62,374,732.20 313,952.82 9,311,771.80 0.00 9,625,724.62 53,062.960.40
Factors per 2.37843045 70.54372576 72.92215621 401.99212424
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 523,298,000.00 300,672,732.20 1,567,259.54 9,311,771.80 0.00 10,879,031.34 291,360,960.40
Totals 5.21250972 30.96979141 36.18230114 556.77828006
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
A-V 60935BEA3 6.76875% 524,381,000.00 215,528,928.80 1,256,241.79 12,581,308.10 0.00 13,837,549.89 202,947,620.70
Factors per 2.39566611 23.99268490 26.38835101 387.02
Thousand
------------------------------------------------------------------------------------------------------------------------------------
POOL II 524,381,000.00 215,528,928.80 1,256,241.79 12,581,308.10 0.00 13,837,549.89 202,947,620.70
Totals 2.39566611 23.99268490 26.38835101 387.02321537
====================================================================================================================================
</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: 08/31/00
SERIES 1998-B DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
[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 0.00 0.00 0.00 0.00 0.00 0.00
Factors per 0.00000000 0.00000000 0.00000000 0.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AH-3 60935BED7 6.07000% 25,358,000.00 22,394,525.65 113,278.98 3,135,329.36 0.00 3,248,608.34 19,259,196.29
Factors per 4.46718905 123.64261219 128.10980125 759.49192720
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 198,737,000.00 103,461,525.65 575,844.27 3,135,329.36 0.00 3,711,173.63 100,326,196.29
Totals 2.89751918 15.77627397 18.67379315 504.82
------------------------------------------------------------------------------------------------------------------------------------
X n/a 0.00000% 0.00 0.00 551,044.02 0.00 0.00 551,044.02 0.00
------------------------------------------------------------------------------------------------------------------------------------
R n/a 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
----------------------------------==================================================================================================
TOTALS 1,246,416,000.00 619,663,186.65 3,950,389.62 25,028,409.26 0.00 28,978,798.88 594,634,777.39
====================================================================================================================================
</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: 08/31/00
SERIES 1998-B DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
[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-3 313,952.82 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 1,256,241.79 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: 08/31/00
SERIES 1998-B DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
[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 0.00 0.00 0.00 0.00 0.00
AH-3 113,278.98 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: 08/31/00
SERIES 1998-B DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL I
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE
Aggregate Amount Received 11,312,866.64 FEES
Contingency Fee 64,205.16
Monthly Advance 77,242.68 Expense Account 3,194.65
(Unreimbursed Monthly Advance) 0.00 Insurance Fee 25,682.46
(Servicer Fee) (64,205.16) Servicer Fee 64,205.16
(Contingency Fee) (64,205.16) Trust Administrator Fee 2,244.67
(Late Charges) (121,408.66)
(Escrow) (157,472.79)
(Excess Spread) (1,097,734.68)
(Subordination Reduction Amount) 0.00
--------------- PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
(1,427,783.77) 5/31/00 6/30/00 7/31/00
-------- -------- --------
10.720% 10.715% 10.710%
AVAILABLE REMITTANCE AMOUNT 9,885,082.87
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 597 26,132,403.36 8.50%
----------------------------------------------------- Delinquent 30-59 Days 147 6,891,585.82 2.24%
Outstanding Balance $307,583,198.40 Delinquent 60-89 Days 48 1,989,100.66 0.65%
----------------------------------------------------- Delinquent 90 and over 117 6,439,094.67 2.09%
# Accounts 6,517 Loans in Foreclosure 209 11,160,969.44 3.63%
----------------------------------------------------- REO Property 71 3,810,223.48 1.24%
---------------------------------------------
TOTALS 1,189 56,423,377.43 18.34%
====================================================================
====================================================================================================================================
</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: 08/31/00
SERIES 1998-B DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
[FIRST UNION LOGO]
<TABLE>
=================================================================================================================================
POOL I
<S> <C> <C> <C> <C> <C>
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 10.086% WAC 10.701%
Aggregate Beginning Principal Balance of Loans 316,894,970.20 WAM 255.25
Aggregate Ending Principal Balance of Loans 307,583,198.40 Weighted Average Adjusted Mortgage Loan
Class X Distribution from Pool I 74,909.10 Remittance Rate 6.370%
Compensating Interest 1,398.69
Curtailments 1,305,328.32
Excess and Monthly Payments 538,279.33
Insured Payment 0.00
Interest Received 2,745,038.97
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) 128,410.32
Principal Prepayments (Number / Amount) 142 6,430,524.53
Realized Losses (Current / Cumulative) 1,037,639.59 9,447,483.99
Specified Subordinated Amount 16,222,238.00
Subordinated Amount 15,184,598.38
=================================================================================================================================
</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
<PAGE> 7
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 08/31/00
SERIES 1998-B DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL II
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE FEES
Aggregate Amount Received 14,638,808.58 Contingency Fee 49,339.59
Expense Account 2,289.99
Monthly Advance 46,118.23 Insurance Fee 20,205.84
(Unreimbursed Monthly Advance) 0.00 Servicer Fee 49,339.59
(Servicer Fee) (49,339.59) Trust Administrator Fee 1,725.38
(Contingency Fee) (49,339.59)
(Late Charges) (125,391.55)
(Escrow) (198,620.41)
(Excess Spread) (822,371.43)
(Subordination Reduction Amount) 0.00
--------------- PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
(1,198,944.34) 5/31/00 6/30/00 7/31/00
------- ------- -------
10.432% 10.580% 10.729%
AVAILABLE REMITTANCE AMOUNT 13,439,864.24
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 265 22,258,306.93 9.64%
----------------------------------------------------- Delinquent 30-59 Days 88 6,806,894.44 2.95%
Outstanding Balance $231,002,003.70 Delinquent 60-89 Days 25 2,555,749.42 1.11%
----------------------------------------------------- Delinquent 90 and over 91 7,120,410.96 3.08%
# Accounts 2,867 Loans in Foreclosure 219 20,314,429.04 8.79%
----------------------------------------------------- REO Property 66 5,168,746.28 2.24%
---------------------------------------------
TOTALS 754 64,224,537.07 27.80%
====================================================================
====================================================================================================================================
</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: 08/31/00
SERIES 1998-B DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
[FIRST UNION LOGO]
<TABLE>
=================================================================================================================================
POOL II
<S> <C> <C> <C> <C> <C>
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 10.236% WAC 10.851%
Aggregate Beginning Principal Balance of Loans 243,583,311.80 WAM 331.96
Aggregate Ending Principal Balance of Loans 231,002,003.70 Weighted Average Adjusted Mortgage Loan
Class X Distribution from Pool II 402,189.95 Remittance Rate 6.894%
Compensating Interest 602.08
Curtailments 1,062,682.15
Excess and Monthly Payments 152,658.58
Insured Payment 0.00
Interest Received 2,153,670.00
Interest Shortfall from Net Funds Cap Usage (A10)
Monthly Excess Spread Percentage 100%
Net Funds Cap (Rate) 9.726%
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) 98,679.18
Principal Prepayments (Number / Amount) 113 10,815,686.57
Realized Losses (Current / Cumulative) 550,280.82 6,132,083.45
Specified Subordinated Amount 28,054,383,00
Subordinated Amount 27,504,102.20
=================================================================================================================================
</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: 08/31/00
SERIES 1998-B DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL III
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE FEES
Aggregate Amount Received 3,817,501.95 Contingency Fee 20,954.85
Expense Account 1,724.36
Monthly Advance 65,410.86 FHA Premium Account 6,405.47
(Unreimbursed Monthly Advance) 0.00 FHA Custodian Fee 44.47
(Servicer Fee) (20,954.85) Reimbursable to the Servicer -
(Contingency Fee) (20,954.85) FHA Account 2,418.29
(Late Charges) (23,359.33) Insurance Fee 0.00
(Escrow) (24,395.34) Servicer Fee 20,954.86
(Excess Spread) (525,853.03) Trust Administrator Fee 1,289.77
(Subordination Reduction Amount) 0.00
---------------
(550,106.54) PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
5/31/00 6/30/00 7/31/00
------- ------- -------
AVAILABLE REMITTANCE AMOUNT 3,267,395.41 12.925% 12.923% 12.914%
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 901 16,473,923.11 15.90%
----------------------------------------------------- Delinquent 30-59 Days 157 2,896,112.68 2.79%
Outstanding Balance $103,629,146.80 Delinquent 60-89 Days 84 1,449,701.96 1.40%
----------------------------------------------------- Delinquent 90 and over 123 2,133,719.03 2.06%
# Accounts 5,930 Loans in Foreclosure 19 313,181.31 0.30%
----------------------------------------------------- REO Property 2 56,972.22 0.05%
---------------------------------------------
TOTALS 1,286 23,323,610.31 22.51%
====================================================================
====================================================================================================================================
</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: 08/31/00
SERIES 1998-B DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL III
<S> <C> <C> <C> <C>
COLLATERAL INFORMATION
Accelerated Principal Distribution 525,853.03 Payments And Reimbursements to the Servicers
Adjusted Mortgage Interest Rate 12.392% Pursuant to:
Aggregate Beginning Principal Balance of Loans 106,739,700.10 Section 5.04(b) 0.00
Aggregate Ending Principal Balance of Loans 103,629,146.80 Section 5.04(c) 0.00
Class X Distribution from Pool III 73,944.98 Section 5.04(d)(ii) 0.00
Compensating Interest 481.74 Section 5.04(e) 0.00
Curtailments 77,776.21 Section 5.04(f)(i) 41,909.71
Deposit to Spread Account due to Trigger Activation 0.00 Principal Prepayments (Number / Amount) 132 2,174,901.89
Excess and Monthly Payment 278,045.13 Realized Losses
FHA Claims Denied 0.00 (Current / Cumulative) 501,076.90 16,596,258.89
FHA Claims Filed 56,403.53 Senior Percentage/Class B Percent 100.00% 0.00%
FHA Claims Paid 78,753.10 Specified Subordinated Amount 12,321,742.20
FHA Claims Pending 342,777.15 Subordinated Amount 2,777,097.48
FHA Payments Received 81,394.67 Trigger in Effect (Yes/No) No
Interest Received 1,079,920.50 WAC 12.905%
Maximum Subordinated Amount 7,334,266.00 WAM 199.30
Monthly Excess Spread Percentage 100% Weighted Average Adjusted Mortgage Loan
Reserve Amount * Remittance Rate 7.699%
====================================================================================================================================
</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
