<PAGE> 1
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 07/31/00
SERIES 1998-B DETERMINATION DATE: 08/10/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 08/15/00
[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 69,121,345.60 347,910.77 6,746,613.40 0.00 7,094,524.17 62,374,732.20
Factors per 2.63568765 51.11070758 53.74639523 472.53585000
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 523,298,000.00 307,419,345.60 1,601,217.49 6,746,613.40 0.00 8,347,830.89 300,672,732.20
Totals 5.20857751 21.94596240 27.15453991 574.57267599
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
A-V 60935BEA3 6.77625% 524,381,000.00 224,582,425.40 1,225,915.92 9,053,496.60 0.00 10,279,412.52 215,528,928.80
Factors per 2.33783436 17,26511182 19.60294618 411.02
Thousand
------------------------------------------------------------------------------------------------------------------------------------
POOL II 524,381,000.00 224,582,425.40 1,225,915.92 9,053,496.60 0.00 10,279,412.52 215,528,928.80
Totals 2.33783436 17.26511182 19.60294618 411.01590027
====================================================================================================================================
</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: 07/31/00
SERIES 1998-B DETERMINATION DATE: 08/10/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 08/15/00
[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 25,298,025.33 127,965.84 2,903,499.68 0.00 3,031,465.52 22,394,525.65
Factors per 5.04636959 114.50034230 119.54671189 883.13453940
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 198,737,000.00 106,365,025.33 590,531.13 2,903,499.68 0.00 3,494,030.81 103,461,525.65
Totals 2.97142017 14.60975903 17.58117920 520.60
------------------------------------------------------------------------------------------------------------------------------------
X n/a 0.00000% 0.00 0.00 868,697.25 0.00 0.00 868,697.25 0.00
------------------------------------------------------------------------------------------------------------------------------------
R n/a 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
----------------------------------==================================================================================================
TOTALS 1,246,416,000.00 638,366,796.33 4,286,361.79 18,703,609.68 0.00 22,989,971.47 619,663,186.65
====================================================================================================================================
</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: 07/31/00
SERIES 1998-B DETERMINATION DATE: 08/10/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 08/15/00
[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-3 347,910.77 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 1,225,915.92 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: 07/31/00
SERIES 1998-B DETERMINATION DATE: 08/10/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 08/15/00
[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-3 127,965.84 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: 07/31/00
SERIES 1998-B DETERMINATION DATE: 08/10/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 08/15/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL I
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE
Aggregate Amount Received 9,146,840.62 FEES
Contingency Fee 67,708.15
Monthly Advance 0.00 Expense Account 3,266.33
(Unreimbursed Monthly Advance) (6,368.88) Insurance Fee 26,258.74
(Servicer Fee) (67,708.15) Servicer Fee 67,708.15
(Contingency Fee) (67,708.15) Trust Administrator Fee 2,292.46
(Late Charges) (100,101.85)
(Escrow) (164,340.85)
(Excess Spread) (1,122,907.91)
(Subordination Reduction Amount) 0.00
--------------- PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
(1,529,135.79) 04/30/2000 05/31/2000 06/30/2000
---------- ---------- ----------
10.727% 10.720% 10.715%
AVAILABLE REMITTANCE AMOUNT 7,617,704.83
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 609 27,799,736.60 8.77%
----------------------------------------------------- Delinquent 30-59 Days 142 6,225,145.98 1.96%
Outstanding Balance $316,894,970.20 Delinquent 60-89 Days 64 2,723,421.78 0.86%
----------------------------------------------------- Delinquent 90 and over 110 6,011,372.38 1.90%
# Accounts 6,690 Loans in Foreclosure 200 11,093,993.61 3.50%
----------------------------------------------------- REO Property 71 4,150,364.31 1.31%
---------------------------------------------
TOTALS 1,196 58,004,034.66 18.30%
====================================================================
====================================================================================================================================
</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: 07/31/00
SERIES 1998-B DETERMINATION DATE: 08/10/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 08/15/00
[FIRST UNION LOGO]
<TABLE>
=================================================================================================================================
POOL I
<S> <C> <C> <C> <C> <C>
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 10.095% WAC 10.710%
Aggregate Beginning Principal Balance of Loans 323,641,583.60 WAM 256.30
Aggregate Ending Principal Balance of Loans 316,894,970.20 Weighted Average Adjusted Mortgage Loan
Class X Distribution from Pool I 363,256.78 Remittance Rate 6.366%
Compensating Interest 1,002.37
Curtailments 769,593.88
Excess and Monthly Payments 516,998.78
Insured Payment 0.00
Interest Received 2,895,435.65
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) 135,416.30
Principal Prepayments (Number / Amount) 125 4,676,183.75
Realized Losses (Current / Cumulative) 783,837.04 8,409,844.40
Specified Subordinated Amount 16,222,238.00
Subordinated Amount 15,438,401.01
=================================================================================================================================
</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: 07/31/00
SERIES 1998-B DETERMINATION DATE: 08/10/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 08/15/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL II
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE FEES
Aggregate Amount Received 11,072,875.95 Contingency Fee 50,820.92
Expense Account 2,386.19
Monthly Advance 72,031.44 Insurance Fee 21,054.60
(Unreimbursed Monthly Advance) 0.00 Servicer Fee 50,820.92
(Servicer Fee) (50,820.92) Trust Administrator Fee 1,789.51
(Contingency Fee) (50,820.92)
(Late Charges) (96,107.91)
(Escrow) (177,384.49)
(Excess Spread) (904,161.55)
(Subordination Reduction Amount) 0.00
--------------- PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
(1,207,264.35) 04/30/2000 05/31/2000 06/30/2000
---------- ---------- ----------
10.291% 10.432% 10.580%
AVAILABLE REMITTANCE AMOUNT 9,865,611.60
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 273 22,328,709.53 9.17%
----------------------------------------------------- Delinquent 30-59 Days 94 8,515,578.86 3.50%
Outstanding Balance $243,583,311.80 Delinquent 60-89 Days 28 2,214,362.28 0.91%
----------------------------------------------------- Delinquent 90 and over 81 6,271,678.75 2.57%
# Accounts 2,995 Loans in Foreclosure 215 20,411,116.64 8.38%
----------------------------------------------------- REO Property 68 5,421,039.76 2.23%
---------------------------------------------
TOTALS 759 65,162,485.82 26.75%
====================================================================
====================================================================================================================================
</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: 07/31/00
SERIES 1998-B DETERMINATION DATE: 08/10/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 08/15/00
[FIRST UNION LOGO]
<TABLE>
=================================================================================================================================
POOL II
<S> <C> <C> <C> <C> <C>
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 10.114% WAC 10.729%
Aggregate Beginning Principal Balance of Loans 252,636,808.40 WAM 332.95
Aggregate Ending Principal Balance of Loans 243,583,311.80 Weighted Average Adjusted Mortgage Loan
Class X Distribution from Pool II 466,919.84 Remittance Rate 6.902%
Compensating Interest 1,325.55
Curtailments 227,613.67
Excess and Monthly Payments 190,763.70
Insured Payment 0.00
Interest Received 2,183,128.66
Interest Shortfall from Net Funds Cap Usage (A10)
Monthly Excess Spread Percentage 100%
Net Funds Cap (Rate) 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) 101,641,84
Principal Prepayments (Number / Amount) 93 8,171,151.08
Realized Losses (Current / Cumulative) 463,968.08 5,581,802.63
Specified Subordinated Amount 28,054,383,00
Subordinated Amount 27,590,414.85
=================================================================================================================================
</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: 07/31/00
SERIES 1998-B DETERMINATION DATE: 08/10/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 08/15/00
[FIRST UNION LOGO]
<TABLE>
====================================================================================================================================
POOL III
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEDULE OF REMITTANCE FEES
Aggregate Amount Received 3,618,708.05 Contingency Fee 22,386.18
Expense Account 1,772.75
Monthly Advance 25,768.64 FHA Premium Account 6,862.66
(Unreimbursed Monthly Advance) 0.00 FHA Custodian Fee 45.67
(Servicer Fee) (22,386.18) Reimbursable to the Servicer -
(Contingency Fee) (22,386.18) FHA Account 4,631.33
(Late Charges) (35,493.59) Insurance Fee 0.00
(Escrow) (23,023.89) Servicer Fee 22,386.18
(Excess Spread) (541,610.56) Trust Administrator Fee 1,324.45
(Subordination Reduction Amount) 0.00
---------------
(619,131.76) PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
04/30/2000 05/31/2000 06/30/2000
---------- ---------- ----------
AVAILABLE REMITTANCE AMOUNT 2,999,576.29 12.933% 12.925% 12.923%
===============
====================================================================
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
EXHIBIT 0 ====================================================================
Delinquent 1-29 Days 861 15,652,671.57 14.66%
----------------------------------------------------- Delinquent 30-59 Days 170 2,857,338.87 2.68%
Outstanding Balance $106,739,700.10 Delinquent 60-89 Days 63 1,171,079.25 1.10%
----------------------------------------------------- Delinquent 90 and over 112 1,903.130.18 1.78%
# Accounts 6,093 Loans in Foreclosure 21 392,225.11 0.37%
----------------------------------------------------- REO Property 2 56,972.22 0.05%
---------------------------------------------
TOTALS 1,229 22,033,417.20 20.64%
====================================================================
====================================================================================================================================
</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
<PAGE> 10
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 07/31/00
SERIES 1998-B DETERMINATION DATE: 08/10/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 08/15/00
[FIRST UNION LOGO]
<TABLE>
===================================================================================================================================
POOL III
<S> <C> <C> <C> <C>
COLLATERAL INFORMATION
Accelerated Principal Distribution 541,610.56 WAC 12.914%
Adjusted Mortgage Interest Rate 12.401% WAM 200.11
Aggregate Beginning Principal Balance of Loans 109,609,902.80 Weighted Average Adjusted Mortgage Loan
Aggregate Ending Principal Balance of Loans 106,739,700.10 Remittance Rate 7.682%
Class X Distribution from Pool III 38,520.63
Compensating Interest 43.93
Curtailments 21,830.96
Deposit to Spread Account due to Trigger Activation 0.00
Excess and Monthly Payment 304,916.36
FHA Claims Denied 0.00
FHA Claims Filed 9,698.88
FHA Claims Paid 139,161.62
FHA Claims Pending 408,481.29
FHA Payments Received 144,773.10
Interest Received 1,152,918.16
Maximum Subordinated Amount 7,334,266.00
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) 44,772.36
Principal Prepayments (Number / Amount) 125 1,895,980.18
Realized Losses (Current / Cumulative) 508,313.60 16,095,181.99
Senior Percentage/Class B Percent 100.00% 0.00%
Specified Subordinated Amount 12,321,742.20
Subordinated Amount 2,736,563.89
Trigger in Effect (Yes/No) No
===================================================================================================================================
</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
