<PAGE> 1
THE MONEY STORE ASSET BACKED CERTIFICATES Record Date: 07/31/00
SERIES 1998-I 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 60934YAP5 6.89625% 155,250,000.00 69,341,688.45 385,214.75 3,070,050.81 0.00 3,455,265.56 66,271,637.64
Factors 2.48125442 19.77488446 22.25613888 426.87045177
per
Thousand
----------------------------------------------------------------------------------------------------------------------------------
MH-1 60934YAV2 7.17625% 16,750,000.00 16,750,000.00 96,829.54 0.00 0.00 96,829.54 16,750,000.00
Factors 5.78086806 0.00000000 5.78086806 1000.00000000
per
Thousand
----------------------------------------------------------------------------------------------------------------------------------
MH-2 60934YAW0 7.37625% 15,250,000.00 15,250,000.00 90,615.18 0.00 0.00 90,615.18 15,250,000.00
Factors 5.94197917 0.00000000 5.94197917 1,000.00
per
Thousand
----------------------------------------------------------------------------------------------------------------------------------
BH 60934YAX8 8.47625% 12,750,000.00 12,750,000.00 87,058.15 0.00 0.00 87,058.15 12,750,000.00
Factors 6.82809028 0.00000000 6.82809028 1,000.00
per
Thousand
----------------------------------------------------------------------------------------------------------------------------------
POOL 200,000,000.00 114,091,688.45 659,717.62 3,070,050.81 0.00 3,729,768.43 111,021,637.64
TOTALS 5.78234603 26.90862809 32.69097412 555.10818819
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
X n/a 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
TOTALS 200,000,000.00 114,091,688.45 659,717.62 3,070,050.81 0.00 3,729,768.43 111,021,637.64
==================================================================================================================================
</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> 2
THE MONEY STORE ASSET BACKED CERTIFICATES Record Date: 07/31/00
SERIES 1998-I Determination Date: 08/10/00
STATEMENT TO CERTIFICATEHOLDER Distribution Date: 08/15/00
[FIRST UNION LOGO]
<TABLE>
<CAPTION>
==================================================================================================================================
CERTIFICATE INFORMATION
-----------------------
Interest Carry Forward Applied Realized Realized Unpaid Realized
Requirement Amount Loss Amount Loss Amount Loss Amount
<S> <C> <C> <C> <C> <C>
AH 385,214.75 0.00 0.00 0.00 0.00
MH-1 96,829.54 0.00 0.00 0.00 0.00
MH-2 90,615.18 0.00 0.00 0.00 0.00
BH 87,058.15 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> 3
THE MONEY STORE ASSET BACKED CERTIFICATES Record Date: 07/31/00
SERIES 1998-I Determination Date: 08/10/00
STATEMENT TO CERTIFICATEHOLDER Distribution Date: 08/15/00
[FIRST UNION LOGO]
<TABLE>
<CAPTION>
==================================================================================================================================
SCHEDULE OF REMITTANCE
----------------------
<S> <C> <C> <C> <C>
Aggregate Amount Received 3,822,794.19 FEES
----
(Congingency Fee) (24,386.28) Contingency Fee 24,386.28
(Escrow) (27,706.58) Expense Account 1,901.53
(Late Charges) (30,337.94) FHA Premium 8,235.20
(Servicer Fee) (24,386.28) Servicer Fee 24,386.28
(Unreimbursed Monthly Advance) 0.00 Trust Administrator Fee 1,438.37
Monthly Advance 23,928.05 FHA Custodian Fee 49.60
---------------
(82,889.03) PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
04/30/2000 05/31/2000 06/30/2000
AVAILABLE REMITTANCE AMOUNT 3,739,905.16 ---------- ---------- ----------
=============== 12.994% 12.992% 12.984%
EXHIBIT L
------------------------------------------ -----------------------------------------------------------------
Outstanding Balance $ 115,843,872.40 DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
------------------------------------------ -----------------------------------------------------------------
# Accounts 6,110 Delinquent 1-29 Days 829 17,078,636.70 14.74%
------------------------------------------ Delinquent 30-59 Days 199 3,771,541.93 3.26%
Delinquent 60-89 Days 65 1,251,903.89 1.08%
Delinquent 90 and over 154 3,139,693.73 2.71%
Loans in Foreclosure 16 383,015.83 0.33%
REO Property 4 76,124.29 0.07%
-----------------------------------------
TOTALS 1,267 25,700,916.37 22.19%
-----------------------------------------------------------------
==================================================================================================================================
</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> 4
THE MONEY STORE ASSET BACKED CERTIFICATES Record Date: 07/31/00
SERIES 1998-I Determination Date: 08/10/00
STATEMENT TO CERTIFICATEHOLDER Distribution Date: 08/15/00
[FIRST UNION LOGO]
<TABLE>
<CAPTION>
==================================================================================================================================
COLLATERAL INFORMATION
----------------------
<S> <C> <C> <C> <C>
Accelerated Principal Distribution 576,566.15 Payments and Reimbursments to the Servicers
Adjusted Mortgage Interest Rate 12.379% pursuant to:
Aggregate Beginning Principal Balance of Loans 119,037,202.60 SECTION 5.04 (b) 0.00
Aggregate Ending Principal Balance of Loans 115,843,872.40 SECTION 5.04 (c) 0.00
Compensating Interest 125.00 SECTION 5.04 (d)ii 0.00
Curtailments 48,045.25 SECTION 5.04 (e) 0.00
Excess and Monthly Payments 261,879.43 SECTION 5.04 (f)(i) 48,772.56
FHA Payments and Related Payments Received 334,184.74 Principal Prepayments (Number / Amount) 112 1,829,417.85
FHA Claims Filed During the Due Period 65,782.89 Realized Losses (Current / Cumulative) 732,489.03 16,649,990.11
FHA Claims Paid during the Due Period 334,184.74 Reserve Amount *
FHA Claims Denied by FHA During the Period 0.00 Specified Subordinated Amount 10,300,000.00
FHA Claims Pending by FHA during the Period 839,136.01 Subordinated Amount 4,945,514.15
FHA Cumulative Claims Paid 1,641,842.75 WAC 12.982%
Interest Received 1,263,029.81 WAM 212.03
Libor 6.626% Weighted Average Adjusted Mortgage Loan Remittance Rate 7.206%
Monthly Excess Spread Percentage 100.000%
Net Funds Cap 12.462%
Supplemental Account Interest Payment For:
Class AH 0.00
Class MH-1 0.00
Class MH-2 0.00
Class BH 0.00
==================================================================================================================================
</TABLE>
* = Left blank because the Servicer is reviewing the numbers based on questions
the Servicer has raised concerning the numbers previously reported. Servicer is
researching the issue and will report the results of such research. If you have
questions on this you may call Linda Blanchfield at (215) 973-3328.
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
