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Previous: MONEY STORE HOME IMPROVEMENT LOAN BACKED CERT SERIES 1998-I, 8-K, 2001-01-05 |
Next: MONEY STORE TRUST 1998 C, 8-K, 2001-01-05 |
<PAGE> 1
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-I
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 11/30/00
DETERMINATION DATE: 12/12/00
DISTRIBUTION DATE: 12/15/00
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 60934YAP5 6.89000% 55,250,000.00 57,683,549.07 331,199.71 2,648,143.56 0.00 2,979,343.27 55,035,405.51
Factors per 2.13333147 17.05728538 19.19061685 354.49536563
Thousand
------------------------------------------------------------------------------------------------------------------------------------
MH-1 60934YAV2 7.17000% 16,750,000.00 16,750,000.00 100,081.25 0.00 0.00 100,081.25 16,750,000.00
Factors per 5.97500000 0.00000000 5.97500000 1000.00000000
Thousand
------------------------------------------------------------------------------------------------------------------------------------
MH-2 60934YAW0 7.37000% 15,250,000.00 15,250,000.00 93,660.42 0.00 0.00 93,660.42 15,250,000.00
Factors per 6.14166667 0.00000000 6.14166667 1,000.00
Thousand
------------------------------------------------------------------------------------------------------------------------------------
BH 60934YAX8 8.47000% 12,750,000.00 12,750,000.00 89,993.75 0.00 0.00 89,993.75 12,750,000.00
Factors per 7.05833333 0.00000000 7.05833333 1,000.00
Thousand
------------------------------------------------------------------------------------------------------------------------------------
POOL 200,000,000.00 102,433,549.07 614,935.13 2,648,143.56 0.00 3,263,078.68 99,785,405.51
Totals 6.00325902 25.85230698 31.85556600 498.92702757
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
X n/a 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
TOTALS 200,000,000.00 102,433,549.07 614,935.13 2,648,143.56 0.00 3,263,078.68 99,785,405.51
====================================================================================================================================
</TABLE>
WELLS FARGO BANK SHELLEY LAUFFER
11000 BROKEN LAND PARKWAY PHONE: 410-884-2169
COLUMBIA, MARYLAND 21044 FAX: 410-884-2372
<PAGE> 2
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-I
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 11/30/00
DETERMINATION DATE: 12/12/00
DISTRIBUTION DATE: 12/15/00
CERTIFICATE INFORMATION
<TABLE>
<CAPTION>
INTEREST CARRY FORWARD APPLIED REALIZED REALIZED UNPAID REALIZED
REQUIREMENT AMOUNT LOSS AMOUNT LOSS AMOUNT LOSS AMOUNT
----------- ------------- ---------------- ----------- ---------------
<S> <C> <C> <C> <C> <C>
AH 331,199.71 0.00 0.00 0.00 0.00
MH-1 100,081.25 0.00 0.00 0.00 0.00
MH-2 93,660.42 0.00 0.00 0.00 0.00
BH 89,993.75 0.00 0.00 0.00 0.00
</TABLE>
WELLS FARGO BANK SHELLEY LAUFFER
11000 BROKEN LAND PARKWAY PHONE: 410-884-2169
COLUMBIA, MARYLAND 21044 FAX: 410-884-2372
<PAGE> 3
[FIRST UNION LOGO] THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-I
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 11/30/00
DETERMINATION DATE: 12/12/00
DISTRIBUTION DATE: 12/15/00
<TABLE>
<CAPTION>
SCHEDULE OF REMITTANCE
----------------------
<S> <C>
Aggregate Amount Received 3,335,034.47
(Contingency Fee) (21,368.18)
(Escrow) (30,843.10)
(Late Charges) (27,287.71)
(Servicer Fee) (21,368.18)
(Unreimbursed Monthly Advance) 0.00
Monthly Advance 38,002.71
--------------
(62,864.46)
Available Remittance Amount 3,272,170.01
==============
</TABLE>
EXHIBIT L
<TABLE>
<S> <C>
Outstanding Balance 102,940,867.50
# Accounts 5,468
</TABLE>
<TABLE>
<CAPTION>
FEES
----
<S> <C>
Contingency Fee 21,368.18
Expense Account 1,707.23
FHA Premium Account 7,384.10
Servicer Fee 21,368.18
Trust Administrator Fee 1,281.47
FHA Custodian Fee 44.19
Reimbursable to the Servicer - FHA Account 7,384.10
</TABLE>
PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
<TABLE>
<S> <C> <C>
8/31/00 9/30/00 10/31/00
------- ------- --------
12.977% 12.971% 12.970%
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
----------------- ------- -------------- ----------
<S> <C> <C> <C>
Delinquent 1-29 Days 821 16,176,605.59 15.71%
Delinquent 30-59 Days 178 3,374,911.99 3.28%
Delinquent 60-89 Days 79 1,454,546.60 1.41%
Delinquent 90 and over 105 1,924,688.59 1.87%
Loans in Foreclosure 18 372,935.37 0.36%
REO Property 1 18,879.85 0.02%
------ -------------- ------
TOTALS 1,202 23,322,567.99 22.66%
</TABLE>
WELLS FARGO BANK SHELLEY LAUFFER
11000 Broken Land Parkway PHONE: 410-884-2169
Columbia, Maryland 21044 FAX: 410-884-2372
<PAGE> 4
[FIRST UNION LOGO] THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-I
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 11/30/00
DETERMINATION DATE: 12/12/00
DISTRIBUTION DATE: 12/15/00
<TABLE>
<CAPTION>
COLLATERAL INFORMATION
----------------------
<S> <C>
Accelerated Principal Distribution 484,716.73
Adjusted Mortgage Interest Rate 12.358%
Aggregate Beginning Principal Balance of Loans 106,052,872.30
Aggregate Ending Principal Balance of Loans 102,940,867.50
Class X Remittance Amount Payable Pursuant to section 6.08(d)(z)(xix) 0.00
Compensating Interest 38.24
Curtailments 123,176.67
Excess and Monthly Payments 234,827.16
FHA Payments and Related Payments Received 89,753.89
FHA Claims Filed During the Due Period 142,874.97
FHA Claims Paid during the Due Period 89,753.89
FHA Claims Denied by FHA During the Period 0.00
FHA Claims Pending by FHA during the Period 467,506.34
FHA Cumulative Claims Paid 2,027,813.74
Interest Received 1,106,092.73
Libor 6.62000%
Monthly Excess Spread Percentage 100.000%
Net Funds Cap 12.442%
Supplemental Account Interest Payment For:
Class AH 0.00
Class MH-1 0.00
Class MH-2 0.00
Class BH 0.00
</TABLE>
<TABLE>
<S> <C> <C>
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) 585,218.58
SECTION 5.04 (f)(i) 42,736.36
Principal Prepayments (Number / Amount) 99 1,675,515.28
Realized Losses (Current / Cumulative) 992,308.80 20,556,511.10
Reserve Amount 585,218.58
Specified Subordinated Amount 10,300,000.00
Subordinated Amount 3,619,323.23
WAC 12.962%
WAM 208.78
Weighted Average Adjusted Mortgage Loan Remittance Rate 7.232%
</TABLE>
WELLS FARGO BANK SHELLEY LAUFFER
11000 Broken Land Parkway PHONE: 410-884-2169
Columbia, Maryland 21044 FAX: 410-884-2372
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