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Previous: MONEY STORE TRUST 1998 C, 8-K, 2000-08-04 |
Next: FORTUNE ENTERTAINMENT CORP /DE/, SB-2, 2000-08-04 |
<PAGE> 1
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED AS OF
AUGUST 31,1998, THE MONEY STORE INC. REPORTS THE FOLLOWING INFORMATION
PERTAINING TO SERIES 1998-C FOR THE July 12, 2000 DETERMINATION DATE
<TABLE>
<CAPTION>
POOL I POOL II
<C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $11,216,475.98 $10,212,738.15
ADJ : RECALCULATION 0.00 0.00
-------------- --------------
11,216,475.98 10,212,738.15
LESS: SERVICE FEE 75,278.00 46,995.00
CONTINGENCY FEE 75,278.00 46,995.00
OTHER SERVICER FEES (Late Charges/Escrow) 280,144.78 271,216.48
UNREIMBURSED MONTHLY ADVANCES 14,808.29 76,379.76
-------------- --------------
445,509.07 441,586.24
PLUS: MONTHLY ADVANCE (6.11) - INCLUDING
COMPENSATING INTEREST (6.12) 0.00 0.00
-------------- --------------
0.00 0.00
LESS: EXCESS SPREAD (I-19) 746,683.91 393,682.39
-------------- --------------
AVAILABLE REMITTANCE AMOUNT 10,024,283.00 9,377,469.52
============== ==============
2. (A) CLASS AF-1 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 270,955,000.00
(B) CLASS AF-2 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 90,313,000.00
(C) CLASS AV PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 216,444,000.00
</TABLE>
<PAGE> 2
3. PRINCIPAL DISTRIBUTION AMOUNTS :
CLASS AF-1 6,456,000.00
CLASS AF-2 2,152,000.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT : 8,608,000.00
CLASS AV (POOL II) PRINCIPAL DISTRIBUTION 8,830,000.00
4. TOTAL AMOUNT OF POOL I AND II INSURED PAYMENTS
POOL I INSURED PAYMENT 82,389.35
POOL II INSURED PAYMENT 411,037.91
5. CURRENT INTEREST REQUIREMENTS
CLASS AF-1 1,666,975.37
CLASS AF-2 541,878.00
CLASS AV 1,329,687.64
6. PRINCIPAL PREPAYMENT RECEIVED DURING
THE DUE PERIOD # ACCOUNTS DOLLARS
POOL I 129 6,062,881.13
POOL II 69 6,420,529.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 203,526.36
POOL II 193,182.66
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS
IN RESPECT OF PRINCIPAL RECEIVED DURING
THE DUE PERIOD
POOL I 598,799.07
POOL II 128,701.95
9. AMOUNT OF INTEREST RECEIVED
POOL I 3,157,404.46
POOL II 1,916,241.97
10. (A) AMOUNT OF MONTHLY ADVANCES INCLUDING COMPENSATING
INTEREST TO BE MADE ON THE DETERMINATION DATE
TO BE DEPOSITED IN THE CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) AMOUNT OF COMPENSATING INTEREST
POOL I 667.24
POOL II 1,162.65
<PAGE> 3
11. DELINQUENT AND FORECLOSURE INFORMATION (EXHIBIT O)
12. THE AMOUNT OF REALIZED LOSSES DURING
DUE PERIOD
POOL I 894,498.87
POOL II 808,440.32
13. CLASS A-1 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 1,666,975.37
(B) PRINCIPAL DISTRIBUTION AMOUNT 6,456,000.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-1 REMITTANCE AMOUNT 8,122,975.37
CLASS A-2 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 541,878.00
(B) PRINCIPAL DISTRIBUTION AMOUNT 2,152,000.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-2 REMITTANCE AMOUNT 2,693,878.00
POOL I REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 2,208,853.37
(B) PRINCIPAL DISTRIBUTION AMOUNT 8,608,000.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL I REMITTANCE AMOUNT 10,816,853.37
CLASS AV REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 1,329,687.64
(B) PRINCIPAL DISTRIBUTION AMOUNT 8,830,000.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS AV REMITTANCE AMOUNT 10,159,687.64
14. (A) REIMBURSABLE AMOUNTS
(B) CERTIFICATE REMITTANCE AMOUNT
POOL I 0.00
POOL II 0.00
15. (A) CLASS AF-1 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 264,499,000.00
<PAGE> 4
(B) CLASS AF-2 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 88,161,000.00
(J) CLASS AV PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 207,614,000.00
(S) TOTAL POOL I PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 352,660,000.00
(T) TOTAL POOL II PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 207,614,000.00
16. (A) MONTHLY EXCESS SPREAD PERCENTAGE (FOR POOL I AND II) 100.00%
(B) EXCESS SPREAD (POOL I) 746,683.91
EXCESS SPREAD (POOL II) 393,682.39
TOTAL EXCESS SPREAD (POOL I and II) 1,140,366.31
(C) REMAINDER EXCESS SPREAD AMOUNT POOL I 0.00
REMAINDER EXCESS SPREAD AMOUNT POOL II 0.00
TOTAL REMAINDER EXCESS SPREAD AMOUNT POOL I and II 0.00
17. CUMULATIVE REALIZED LOSSES
POOL I 6,541,508.27
POOL II 3,184,991.57
18. (A) THE WEIGHTED AVERAGE MATURITY
POOL I 267.792
POOL II 336.704
(B) THE WEIGHTED AVERAGE MORTGAGE
INTEREST RATE
POOL I 10.426%
POOL II 10.262%
<PAGE> 5
19. (A) SERVICING FEE FOR THE RELATED DUE PERIOD
POOL I 75,278.00
POOL II 46,995.00
(B) CONTINGENCY FEE FOR THE RELATED DUE PERIOD
POOL I 75,278.00
POOL II 46,995.00
(C) AMOUNT TO BE DEPOSITED TO THE EXPENSE ACCOUNT - TRUSTEE
POOL I 3,386.89
POOL II 2,661.18
(D) AMOUNT TO BE DEPOSITED TO THE INSURANCE ACCOUNT- MBIA
POOL I 33,116.00
POOL II 19,841.00
(E) TRUST ADMINISTRATOR FEE
POOL I 2,559.10
POOL II 1,984.15
20. AMOUNT OF PAYMENTS AND REIMBURSEMENTS TO THE POOL I POOL II
SERVICERS PURSUANT TO:
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f)(i) 150,556.00 93,990.00
21. CLASS AF-1 POOL FACTOR (I-5):
CURRENT CLASS AF-1 PRINCIPAL BALANCE 264,499,000.00 0.65918754
ORIGINAL CLASS AF-1 PRINCIPAL BALANCE 401,250,000.00
CLASS AF-2 POOL FACTOR (I-5):
CURRENT CLASS AF-2 PRINCIPAL BALANCE 88,161,000.00 0.65914766
ORIGINAL CLASS AF-2 PRINCIPAL BALANCE 133,750,000.00
POOL I FACTOR:
CURRENT POOL I PRINCIPAL BALANCE 352,660,000.00 0.65917757
ORIGINAL POOL I PRINCIPAL BALANCE 535,000,000.00
CLASS AV (POOL II) FACTOR:
CURRENT CLASS AV PRINCIPAL BALANCE 207,614,000.00 0.57670556
ORIGINAL CLASS AV PRINCIPAL BALANCE 360,000,000.00
22. (A) WEIGHTED AVERAGE MORTGAGE INTEREST RATE
POOL I 10.426%
POOL II 10.262%
(B) ADJUSTED MORTGAGE INTEREST RATE OF THE MORTGAGE LOANS
POOL I 9.805%
POOL II 9.637%
(C) WEIGHTED AVERAGE CLASS AF-1 AND CLASS AF-2, 7.000%
CLASS AV ADJUSTED MORTGAGE LOAN REMITTANCE RATE 7.036%
------------------------
(D) WEIGHTED AVERAGE MORTGAGE INTEREST RATE FOR 05/31/00 06/30/00
------------------------
POOL I 10.438% 10.426%
POOL II 10.179% 10.262%
<PAGE> 6
23. CLASS AF-1 REMITTANCE RATE 6.92125%
CLASS AF-2 REMITTANCE RATE 6.7500%
CLASS AV REMITTANCE RATE 6.91125%
IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR CLASS AH-1 N/A
CLASS AH-2 N/A
CLASS AV N/A
24. LIBOR RATE 6.65125%
AUCTION RATE 6.75000%
25. CLASS AF-1 NET FUNDS CAP 9.3168%
CLASS AF-2 NET FUNDS CAP 9.3168%
CLASS AV NET FUNDS CAP 9.0542%
26. CLASS AV CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO LIBOR
INTEREST CARRYOVER 0.00
(B) LIBOR INTEREST CARRYOVER BALANCE 0.00
28. (A) SUPPLEMENTAL INTEREST AMOUNT 0.00
(B) SUPPLEMENTAL INTEREST PAYMENT 0.00
(C) SUPPLEMENTAL INTEREST EXCESS 0.00
29. SPREAD BALANCE
30. SPECIFIED SPREAD ACCOUNT REQUIREMENT
POOL I 20,062,500.00
POOL II 20,880,000.00
31. AMOUNT TO BE DEPOSITED INTO THE SPREAD ACCOUNT
POOL I 0.00
POOL II 0.00
<PAGE> 7
EXHIBIT O (POOL I)
REMIC DELINQUENCIES AS OF - June 30, 2000
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
1998-C-I $352,678,015.56 6,958 1 TO 29 DAYS 29,857,269.43 602 8.47%
30 TO 59 DAYS 6,830,712.70 142 1.94%
60 TO 89 DAYS 1,885,364.90 40 0.53%
90 AND OVER 5,332,205.61 105 1.51%
FORECLOSURE 15,753,874.20 239 4.47%
REO PROPERTY 4,443,498.61 71 1.26%
TOTALS $64,102,925.45 1,199 18.18%
============================
EXHIBIT O (POOL II)
REMIC DELINQUENCIES AS OF - June 30, 2000
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
1998-C-II $207,623,004.01 2,600 1 TO 29 DAYS 16,043,404.21 209 7.73%
30 TO 59 DAYS 5,194,112.88 63 2.50%
60 TO 89 DAYS 1,131,029.12 13 0.54%
90 AND OVER 5,772,909.81 66 2.78%
FORECLOSURE 14,026,191.01 166 6.76%
REO PROPERTY 4,269,424.68 55 2.06%
TOTALS $46,437,071.71 572 22.37%
============================
<PAGE> 8
1998-C
The following additional information, presented in dollars, pursuant to Section
6.10 subclauses (ii), (vi), (vii), (viii), (xiii), (xv), (xxxvi) is provided for
each Class per $1,000 original dollar amount as of the Cut-Off Date.
POOL I
SUBCLAUSE CLASS AF-1 CLASS AF-2 CLASS AV
--------- ---------- ---------- --------
(ii) 675.28 675.24 601.23
(vi) 11.33 11.33 17.83
(vii) 0.38 0.38 0.54
(viii) 1.12 1.12 0.36
(xiii) (a) 4.15 4.05 3.69
(b) 16.09 16.09 24.53
(c) 0.00 0.00 0.00
(d) 0.00 0.00 0.00
(xv) 659.19 659.15 576.71
(xxxvi) 0.00 0.00 0.00
AF-1 AF-2 AV
401,250 133,750 360,000
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