<PAGE> 1
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 05/31/00
SERIES 1998-B DETERMINATION DATE: 06/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 06/15/00
[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 83,185,941.70 418,702.57 7,088,497.10 0.00 7,507,199.67 76,097,444.60
Factors per 3.17198917 53.70073561 56.87272477 576.49579242
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 523,298,000.00 321,483,941.70 1,672,009.29 7,088,497.10 0.00 8,760,506.39 314,395,444.60
Totals 5.20091076 22.04930381 27.25021456 600.79618993
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
A-V 60935BEA3 6.67250% 524,381,000.00 251,938,068.60 1,447,576.66 13,147,520.70 0.00 14,595,097.36 238,790,547.90
Factors per 2.76054369 25.07245819 27.83300188 455.38
Thousand
------------------------------------------------------------------------------------------------------------------------------------
POOL II 524,381,000.00 251,938,068.60 1,447,576.66 13,147,520.70 0.00 14,595,097.36 238,790,547.90
Totals 2.76054369 25.07245819 27.83300188 455.37604890
====================================================================================================================================
</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: 05/31/00
SERIES 1998-B DETERMINATION DATE: 06/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 06/15/00
[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 6,729,907.75 33,649.54 3,153,619.62 0.00 3,187,269.16 3,576,288.13
Factors per 2.38886412 223.88326139 226.27212551 253.88954494
Thousand
------------------------------------------------------------------------------------------------------------------------------------
AH-3 60935BED7 6.07000% 25,358,000.00 25,358,000.00 128,269.22 0.00 0.00 128,269.22 25,358,000.00
Factors per 5.05833346 0.00000000 5.05833346 1000.00000000
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 198,737,000.00 113,154,907.75 624,484.05 3,153,619.62 0.00 3,778,103.67 110,001,288.13
Totals 3.14226364 15.86830646 19.01057010 553.50
------------------------------------------------------------------------------------------------------------------------------------
X n/a 0.00000% 0.00 0.00 1,028,874.62 0.00 0.00 1,028,874.62 0.00
------------------------------------------------------------------------------------------------------------------------------------
R n/a 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
----------------------------------==================================================================================================
TOTALS 1,246,416,000.00 686,576,918.05 4,772,944.62 23,389,637.42 0.00 28,162,582.04 663,187,280.63
====================================================================================================================================
</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: 05/31/00
SERIES 1998-B DETERMINATION DATE: 06/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 06/15/00
[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-3 418,702.57 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 1,447,576.66 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: 05/31/00
SERIES 1998-B DETERMINATION DATE: 06/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 06/15/00
[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 33,649.54 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: 05/31/00
SERIES 1998-B DETERMINATION DATE: 06/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 06/15/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL I
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE
Aggregate Amount Received 9,526,469.26 FEES
Contingency Fee 66,617.40
Monthly Advance 155,005.77 Expense Account 3,415.77
(Unreimbursed Monthly Advance) 0.00 Insurance Fee 27,460.09
(Servicer Fee) (66,617.40) Servicer Fee 66,617.40
(Contingency Fee) (66,617.40) Trust Administrator Fee 2,392.09
(Late Charges) (95,239.80)
(Escrow) (159,922.90)
(Excess Spread) (1,173,245.82)
(Subordination Reduction Amount) 0.00
--------------- PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
(1,406,637.54) 3/31/00 4/30/00 5/31/00
------- ------- -------
10.727% 10.720% 10.715%
AVAILABLE REMITTANCE AMOUNT 8,119,831.72
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 643 29,257,960.29 8.85%
----------------------------------------------------- Delinquent 30-59 Days 146 6,278,192.09 1.90%
Outstanding Balance $330,617,682.60 Delinquent 60-89 Days 43 1,775,712.49 0.54%
----------------------------------------------------- Delinquent 90 and over 108 5,960,673.43 1.80%
# Accounts 6,982 Loans in Foreclosure 248 13,713,278.21 4.15%
----------------------------------------------------- REO Property 70 4,421,930.75 1.34%
---------------------------------------------
TOTALS 1258 $ 61,407,747.26 18.57%
====================================================================
====================================================================================================================================
</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: 05/31/00
SERIES 1998-B DETERMINATION DATE: 06/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 06/15/00
[FIRST UNION LOGO]
<TABLE>
=================================================================================================================================
POOL I
<S> <C> <C> <C> <C> <C>
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 10.100% WAC (Prior / Current) 10.720% 10.715%
Aggregate Beginning Principal Balance of Loans 337,706,179.70 WAM 257.82
Aggregate Ending Principal Balance of Loans 330,617,682.60 Weighted Average Adjusted Mortgage Loan
Compensating Interest 2,711.47 Remittance Rate 6.356%
Curtailments 716,919.27 Weighted Average Mortgage Interest Rate 10.715%
Excess and Monthly Payments 629,067.91
Insured Payment 0.00
Interest Received 2,854,359.99
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) 133,234.80
Principal Prepayments (Number / Amount) 115 5,030,818.34
Realized Losses/ Cumulative 711,691.65 6,851,883.26
Specified Subordinated Amount 16,222,238.00
Subordinated Amount 15,548,825.86
=================================================================================================================================
</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: 05/31/00
SERIES 1998-B DETERMINATION DATE: 06/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 06/15/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL II
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE
Aggregate Amount Received 15,557,995.43 FEES
Contingency Fee 57,479.45
Monthly Advance 40,090.87 Expense Account 2,676.84
(Unreimbursed Monthly Advance) 0.00 Insurance Fee 23,619.19
(Servicer Fee) (57,479.45) Servicer Fee 57,479.45
(Contingency Fee) (57,479.45) Trust Administrator Fee 1,983.28
(Late Charges) (98,257.29)
(Escrow) (236,297.38)
(Excess Spread) (843,531.50)
(Subordination Reduction Amount) 0.00
--------------- PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
(1,252,954.20) 3/31/00 4/30/00 5/31/00
------- ------- -------
10.727% 10.720% 10.715%
AVAILABLE REMITTANCE AMOUNT 14,305,041.23
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 273 22,819,992.48 8.55%
----------------------------------------------------- Delinquent 30-59 Days 86 7,618,120.44 2.85%
Outstanding Balance $266,844,930.90 Delinquent 60-89 Days 27 1,930,133.60 0.72%
----------------------------------------------------- Delinquent 90 and over 101 8,076,442.15 3.03%
# Accounts 3,246 Loans in Foreclosure 228 21,267,219.94 7.97%
----------------------------------------------------- REO Property 68 5,056,930.45 1.90%
---------------------------------------------
TOTALS 783 $ 66,768,839.06 25.02%
====================================================================
====================================================================================================================================
</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: 05/31/00
SERIES 1998-B DETERMINATION DATE: 06/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 06/15/00
[FIRST UNION LOGO]
<TABLE>
=================================================================================================================================
POOL II
<S> <C> <C> <C> <C> <C>
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 9.965% WAC (Prior / Current) 10.720% 10.580%
Aggregate Beginning Principal Balance of Loans 279,992,451.60 WAM 334.92
Aggregate Ending Principal Balance of Loans 266,844,930.90 Weighted Average Adjusted Mortgage Loan
Compensating Interest 449.22 Remittance Rate 6.798%
Curtailments 1,179,865.58 Weighted Average Mortgage Interest Rate 10.580%
Excess and Monthly Payments 15,589.99
Insured Payment 0.00
Interest Received 2,392,272.22
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) 114,958.90
Principal Prepayments (Number / Amount) 129 11,593,041.19
Realized Losses/ Cumulative 359,023.96 4,665,603.94
Specified Subordinated Amount 16,222,238.00
Subordinated Amount 15,548,825.86
=================================================================================================================================
</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: 05/31/00
SERIES 1998-B DETERMINATION DATE: 06/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 06/15/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL III
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE
Aggregate Amount Received 3,841,529.08 FEES
Contingency Fee 23,130.82
Monthly Advance 54,542.05 Expense Account 1,885.92
(Unreimbursed Monthly Advance) 0.00 FHA Premium Account 7,283.24
(Servicer Fee) (23,130.82) FHA Custodian Fee 48.36
(Contingency Fee) (23,130.82) Reimbursable to the Servicer -
(Late Charges) (36,732.58) FHA Account 24,818.97
(Escrow) (25,804.09) Insurance Fee 0.00
(Excess Spread) (575,389.97) Servicer Fee 23,130.82
(Subordination Reduction Amount) 0.00 Trust Administrator Fee 1,402.46
---------------
(629,646.23) PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
3/31/00 4/30/00 5/31/00
------- ------- -------
AVAILABLE REMITTANCE AMOUNT 3,211,882.85 10.291% 10.432% 10.580%
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 965 17,680,844.91 15.62%
----------------------------------------------------- Delinquent 30-59 Days 164 2,914,301.07 2.57%
Outstanding Balance $113,187,194.00 Delinquent 60-89 Days 61 1,070,336.34 0.95%
----------------------------------------------------- Delinquent 90 and over 119 2,175,469.55 1.92%
# Accounts 6,433 Loans in Foreclosure 25 434,923.11 0.38%
----------------------------------------------------- REO Property 3 57,430.70 0.05%
---------------------------------------------
TOTALS 1337 $ 24,333,305.68 21.50%
====================================================================
====================================================================================================================================
</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: 05/31/00
SERIES 1998-B DETERMINATION DATE: 06/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 06/15/00
[FIRST UNION LOGO]
<TABLE>
===================================================================================================================================
POOL III
<S> <C> <C> <C> <C>
COLLATERAL INFORMATION
Accelerated Principal Distribution 575,389.97 Principal Prepayments (Number/Amount) 114 2,040,744.87
Adjusted Mortgage Interest Rate 12.410% Realized Losses/Cumulative 312,844.32 15,038,708.21
Aggregate Beginning Principal Balance of Loans 116,065,345.00 Senior Percentage/Class B Percent 100.00% 0.00%
Aggregate Ending Principal Balance of Loans 113,187,194.00 Specified Subordinated Amount 12,321,742.20
Compensating Interest 51.77 Subordinated Amount 2,610,515.90
Curtailments 57,932.48 Trigger in Effect (Yes/No)
Deposit to Spread Account due to Trigger Activation 0.00 WAC (Prior/Current) 10.432% 12.923%
Excess and Monthly Payment 403,151.79 WAM 201.93
FHA Claims Denied 0.00 Weighted Average Adjusted Mortgage Loan
FHA Claims Filed 194,044.93 Remittance Rate 7.643%
FHA Claims Paid 63,477.63 Weighted Average Mortgage Interest Rate 12.923%
FHA Claims Pending 693,458.21
FHA Payments Received 65,709.24
Interest Received 1,193,479.52
Maximum Subordinated Amount 7,334,266.00
Monthly Excess Spread Percentage 100%
Net Funds Cap 9.455%
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) 46,261.64
=================================================================================================================================
</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
