<PAGE> 1
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-B
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 n/a 6.29000% 88,000,000.00 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 6.11500% 65,000,000.00 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 60935BDT3 6.04000% 132,000,000.00 53,062,960.40 267,083.57 5,360,035.80 0.00 5,627,119.37 47,702,924.60
Factors per Thousand 2.02336038 40.60633182 42.62969220 361.38579242
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 5.09583340 0.00000000 5.09583340 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 5.18750000 0.00000000 5.18750000 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 5.26250000 0.00000000 5.26250000 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 5.54166664 0.00000000 5.54166664 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 5.09166655 0.00000000 5.09166655 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 5.27916670 0.00000000 5.27916670 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
POOL I 523,298,000.00 291,360,960.40 1,520,390.29 5,360,035.80 0.00 6,880,426.09 286,000,924.60
Totals 5.21823613 18.39654768 23.61478381 546.53548189
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
A-V 60935BEA3 6.77125% 524,381,000.00 202,947,620.70 1,183,346.70 7,449,311.90 0.00 8,632,658.60 195,498,308.80
Factors per Thousand 2.25665442 14.20591497 16.46256939 372.82
------------------------------------------------------------------------------------------------------------------------------------
POOL II 524,381,000.00 202,947,620.70 1,183,346.70 7,449,311.90 0.00 8,632,658.60 195,498,308.80
Totals 2.25665442 14.20591497 16.46256939 372.81730040
====================================================================================================================================
</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-B
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 60935BEB1 6.14500% 78,226,000.00 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 60935BEC9 6.00000% 14,086,000.00 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 60935BED7 6.07000% 25,358,000.00 19,259,196.29 97,419.43 2,571,330.48 0.00 2,668,749.91 16,687,865.81
Factors per Thousand 3.84176315 101.40115467 105.24291782 658.09077254
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 5.14583341 0.00000000 5.14583341 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 5.27083316 0.00000000 5.27083316 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 5.45833333 0.00000000 5.45833333 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 5.50000000 0.00000000 5.50000000 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 5.88333333 0.00000000 5.88333333 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
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 Thousand 6.57916687 0.00000000 6.57916687 1000.00000000
------------------------------------------------------------------------------------------------------------------------------------
POOL III 198,737,000.00 100,326,196.29 559,984.72 2,571,330.48 0.00 3,131,315.20 97,754,865.81
Totals 2.81771749 12.93835813 15.75607562 491.88
------------------------------------------------------------------------------------------------------------------------------------
X n/a 0.00000% 0.00 0.00 791,151.85 0.00 0.00 791,151.85 0.00
------------------------------------------------------------------------------------------------------------------------------------
R n/a 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
---------------------------------===================================================================================================
TOTALS 1,246,416,000.00 594,634,777.39 4,054,873.56 15,380,678.18 0.00 19,435,551.74 579,254,099.21
====================================================================================================================================
</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-B
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
================================================================================
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-3 267,083.57 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 1,183,346.70 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
SERIES 1998-B
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
=================================================================================================
Certificate Information
Pool III
Interest Carry Forward Monthly Advance Applied Realized Unapplied Realized
Requirement Amount for Bankruptcy Loss Amount Loss Amount
<S> <C> <C> <C> <C> <C>
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 97,419.43 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
=================================================================================================
</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-B
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
==================================================================================================================================
POOL I
SCHEDULE OF REMITTANCE
Aggregate Amount Received 7,461,957.87 FEES
Contingency Fee 62,177.80
Monthly Advance 78,618.71 Expense Account 3,095.71
(Unreimbursed Monthly Advance) 0.00 Insurance Fee 24,887.08
(Servicer Fee) (62,177.80) Servicer Fee 62,177.81
(Contingency Fee) (62,177.80) Trust Administrator Fee 2,178.71
(Late Charges) (78,728.81)
(Escrow) (139,813.59)
(Excess Spread) (1,064,289.87)
(Subordination Reduction Amount) 0.00 PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
---------------
(1,328,569.16) 6/30/00 7/31/00 8/31/00
------- ------- -------
10.715% 10.710% 10.701%
AVAILABLE REMITTANCE AMOUNT 6,133,388.71
===============
-----------------------------------------------------------------------------
EXHIBIT O DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
-----------------------------------------------------------------------------
Delinquent 1-29 Days 583 26,480,159.44 8.76%
---------------------------------------------- Delinquent 30-59 Days 174 7,241,823.92 2.40%
Outstanding Balance $302,223,162.60 Delinquent 60-89 Days 54 2,029,831.96 0.67%
---------------------------------------------- Delinquent 90 and over 106 5,484,278.26 1.81%
# Accounts 6,400 Loans in Foreclosure 209 11,948,691.91 3.95%
---------------------------------------------- REO Property 65 3,440,151.77 1.14%
------------------------------------------------------
TOTALS 1,191 56,624,937.26 18.74%
=============================================================================
==================================================================================================================================
</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-B
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<S> <C> <C>
===============================================================================================================================
POOL I
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 10.078% WAC 10.693%
Aggregate Beginning Principal Balance of Loans 307,583,198.40 WAM 254.47
Aggregate Ending Principal Balance of Loans 302,223,162.60 Weighted Average Adjusted Mortgage
Class X Distribution from Pool I 289,269.69 Loan Remittance Rate 6.377%
Compensating Interest 2,725.63
Curtailments 712,546.59
Excess and Monthly Payments 512,462.26
Insured Payment 0.00
Interest Received 2,658,399.85
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) 124,355.61
Principal Prepayments (Number / Amount) 91 3,298,577.74
Realized Losses (Current / Cumulative) 836,449.20 10,283,933.19
Specified Subordinated Amount 16,222,238.00
Subordinated Amount 15,385,788.79
===============================================================================================================================
</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-B
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<S> <C> <C> <C> <C>
====================================================================================================================================
POOL II
SCHEDULE OF REMITTANCE FEES
Aggregate Amount Received 9,323,454.44 Contingency Fee 45,637.48
Expense Account 2,156.32
Monthly Advance 106,131.58 Insurance Fee 19,026.34
(Unreimbursed Monthly Advance) 0.00 Servicer Fee 45,637.48
(Servicer Fee) (45,637.48) Trust Administrator Fee 1,636.26
(Contingency Fee) (45,637.48)
(Late Charges) (77,265.95)
(Escrow) (162,530.56)
(Excess Spread) (791,712.95) PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
(Subordination Reduction Amount) 0.00 6/30/00 7/31/00 8/31/00
------------- ------- ------- -------
(1,016,652.85) 10.580% 10.729% 10.851%
AVAILABLE REMITTANCE AMOUNT 8,306,801.59
=============
-------------------------------------------------------------------------------
EXHIBIT O DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
-------------------------------------------------------------------------------
Delinquent 1-29 Days 254 21,105,304.74 9.44%
------------------------------------------------- Delinquent 30-59 Days 100 8,790,873.73 3.93%
Outstanding Balance $ 223,552,691.80 Delinquent 60-89 Days 32 2,471,194.56 1.11%
------------------------------------------------- Delinquent 90 and over 86 7,075,353.39 3.16%
# Accounts 2,784 Loans in Foreclosure 225 20,633,228.64 9.23%
------------------------------------------------- REO Property 61 4,891,588.60 2.19%
------------------------------------------------------
TOTALS 758 64,967,543.66 29.06%
-------------------------------------------------------------------------------
====================================================================================================================================
</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
SERIES 1998-B
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<S> <C> <C>
===============================================================================================================================
POOL II
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 10.255% WAC 10.870%
Aggregate Beginning Principal Balance of Loans 231,002,003.70 WAM 330.97
Aggregate Ending Principal Balance of Loans 223,552,691.80 Weighted Average Adjusted Mortgage
Class X Distribution from Pool II 444,673.28 Loan Remittance Rate 6.897%
Compensating Interest 0.00
Curtailments 1,038,434.49
Excess and Monthly Payment 112,863.44
Insured Payment 0.00
Interest Received 1,981,385.70
Interest Shortfall from Net Funds Cap Usage (A10)
Monthly Excess Spread Percentage 100%
Net Funds Cap (Rate) 9.745%
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) 91,274.96
Principal Prepayments (Number / Amount) 65 5,751,685.44
Realized Losses (Current / Cumulative) 546,328.54 6,678,411.99
Specified Subordinated Amount 28,054,383.00
Subordinated Amount 27,508,054.47
===============================================================================================================================
</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
SERIES 1998-B
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<S> <C> <C> <C> <C>
===================================================================================================================================
POOL III
SCHEDULE OF REMITTANCE FEES
Aggregate Amount Received 3,272,398.22 Contingency Fee 21,104.61
Expense Account 1,672.10
Monthly Advance 24,582.21 FHA Premium Account 6,428.60
(Unreimbursed Monthly Advance) 0.00 FHA Custodian Fee 43.18
(Servicer Fee) (21,104.61) Reimbursable to the Servicer - FHA Account 2,357.29
(Contingency Fee) (21,104.61) Insurance Fee 0.00
(Late Charges) (30,532.23) Servicer Fee 21,104.62
(Escrow) (27,614.18) Trust Administrator Fee 1,252.19
(Excess Spread) (509,609.48)
(Subordination Reduction Amount) 0.00 PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
-------------
(585,382.90) 6/30/00 7/31/00 8/31/00
------- ------- -------
12.923% 12.914% 12.905%
AVAILABLE REMITTANCE AMOUNT 2,687,015.32
=============
-------------------------------------------------------------------------------
EXHIBIT O DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
-------------------------------------------------------------------------------
Delinquent 1-29 Days 920 16,317,601.54 16.15%
----------------------------------------------- Delinquent 30-59 Days 182 3,438,866.87 3.40%
Outstanding Balance $ 101,036,788.20 Delinquent 60-89 Days 63 1,117,147.78 1.11%
----------------------------------------------- Delinquent 90 and over 133 2,414,285.02 2.39%
# Accounts 5,803 Loans in Foreclosure 13 216,223.40 0.21%
----------------------------------------------- REO Property 3 73,898.79 0.07%
-----------------------------------------------------
TOTALS 1,314 23,578,023.40 23.34%
-------------------------------------------------------------------------------
===================================================================================================================================
</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> 10
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-B
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<S> <C> <C>
===================================================================================================================================
POOL III
COLLATERAL INFORMATION
Accelerated Principal Distribution 509,609.48 Payments And Reimbursements to the Servicers Pursuant to:
Adjusted Mortgage Interest Rate 12.392% Section 5.04(b) 0.00
Aggregate Beginning Principal Balance of Loans 103,629,146.80 Section 5.04(c) 0.00
Aggregate Ending Principal Balance of Loans 101,036,788.20 Section 5.04(d)(ii) 0.00
Class X Distribution from Pool III 57,208.88 Section 5.04(e) 0.00
Compensating Interest 163.24 Section 5.04(f)(I) 42,209.23
Curtailments 209,928.80 Principal Prepayments (Number/Amount) 92 1,470,915.22
Deposit to Spread Account due to Trigger Activation 0.00 Realized Losses (Current/Cumulative) 530,637.62 17,126,896.51
Excess and Monthly Payment 272,289.32 Reserve Amount 1,544,449.25
FHA Claims Denied 0.00 Senior Percentage/Class B Percent 100.00% 0.00%
FHA Claims Filed 128,507.10 Specified Subordinated Amount 12,321,742.20
FHA Claims Paid 108,587.66 Subordinated Amount 2,772,312.91
FHA Claims Pending 353,971.15 Trigger in Effect (Yes/No) No
FHA Payments Received 112,930.87 WAC 12.905%
Interest Received 1,088,893.33 WAM 198.40
Maximum Subordinated Amouint 7,334,266.00 Weighted Average Adjusted Mortgage
Monthly Excess Spread Percentage 100% Loan Remittance Rate 7.718%
===================================================================================================================================
</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
