-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KzN36zAWdmQXjtAypsbZiWzA0eL/5U/itOlEhzrkdFtBzvhpgzbn35Yz97ZgB8gP RBuTOsp3zqeC2ThDMvO+AQ== 0001060937-98-000007.txt : 19980625 0001060937-98-000007.hdr.sgml : 19980625 ACCESSION NUMBER: 0001060937-98-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961130 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980624 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA REVOLVING HOME EQUITY LOAN TRUST 1996-A CENTRAL INDEX KEY: 0001027266 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-37107 FILM NUMBER: 98653129 BUSINESS ADDRESS: STREET 1: C/O ADVANTA MORTGAGE CONDULT SERVICES IN STREET 2: 16875 WEST BERNARDO DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92127 MAIL ADDRESS: STREET 1: C/O ADVANTA MORTGAGE CONDULT SERVICES IN STREET 2: 16875 WEST BERNARDO DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92127 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: December 26, 1996 ADVANTA Revolving Home Equity Loan Trust 1996-A New York 33-99510-04 "Pending" c/o ADVANTA Mortgage Corp., USA Attn: William P. Garland 16875 West Bernardo Drive San Diego, Ca 92127 (619) 674-1800 Item 5. Other Events Information relating to the distributions to Certificate holders for the November, 1996 Monthly Period of the Trust in respect of the Home Equity Loan Pass-Through Certificates, Series 1996-A Class A (the "Certificates") issued by the Registrant and the performance of the Trust (including distributions of principal and interest, delinquent balances of Home Equity Loans, and the Subordinated amount remaining), together with certain other information relating to the certificates, is contained in the Monthly Report for the Monthly Period provided to certificateholders pursuant to the Pooling and Servicing Agreement (the "Agreement") dated as of November 1, 1996 between ADVANTA Mortgage Corp., USA as Servicer, and Bankers Trust Company, as Trustee. Item 7. Financial Statements, Exhibits Exhibit No. Exhibit 1. Monthly Report for the November, 1996 Monthly Period relating to the Revolving Home Equity Loan Pass-Through Certificates Series 1996-A, Class A issued by the ADVANTA Revolving Home Equity Loan Trust 1996-A. EXHIBIT INDEX Exhibit 1. Monthly Report for the November, 1996 Monthly Period relating to the Revolving Home Equity Loan Loan Pass-Through Certificates, Series 1996-A, Class A issued by the ADVANTA Revolving Home Equity Loan Trust 1996-A. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ADVANTA Revolving Home Equity Loan Trust 1996-A BY: ADVANTA Mortgage Corp., USA BY: /s/ William P. Garland William P. Garland Senior Vice President Loan Service Administration June 23, 1998 EXHIBIT 1 ADVANTA Revolving Home Equity Loan Trust 1996-A Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total A 50,000,000 50,000,000 264,6 264,680.56 Totals 50,000,000 50,000,000 264,6 264,680.56
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A 50,000,000 5.605000% 5.897970% Totals 50,000,000.00
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A 00757CAA6 1000 5.293611 0 5.2 1000
Delinquent Loan Information:
90+ Days Loans Loans 30-59 60-89 excldg f/c,REO in in Days Days & Bkrptcy REO Foreclosure Group 1 Principal Balanc 1,006,41 86,9 27,5 % of Pool Balanc 2.07460% 0.17930% 0.05680% 0.00000% 0.00000% Number of Loans 32 4 1 0 0 Loans in Bankrup Group 1 - Book Value of REO Property Servicing Fee Due and Payable for Period: 16,0 Unpaid Class A Certificate Interest Shortfall Insured Payments: Substitution Amount: Scheduled Principal Balance of Loans as of the Prior Distribution Date: 38,501,016. Scheduled Principal Balance of Loans as of the Current Distribution Date: 48,510,797. Certificate Insurer Premium Payment 9,1 Pre-funded amount applied to the Class A Certificate Principal Distribution Amount Weighted Average Coupon as of the Current Distribution Date: 8.836938% Weighted Average Net Coupon as of the Current Distribution Date: 8.336938% Non-Scheduled Principal Included in the Current Distribution: Pre-Funding Account: Beginning Account Balance: 12,519,391. Withdrawals Relating to Subsequent Loans: (10,040,656. Withdrawals Relating to Pre-Funding Period Termination: Ending Account Balance: 2,478,734 Interest Earnings Deposited to the Certificate Account 38,3 Capitalized Interest Account: Beginning Account Balance: 308,47 Deposit of Interest Earnings: 1,2 Withdrawal of Capitalized Interest Requirement: (47,4 Withdrawal of Overfunded Interest Amounts per 7.04(e): (128,75 Ending Account Balance: 133,54 Revolving Account: Beginning Account Balance: Deposit of Principal Collections: 305,06 Deposit of Excess Interest Amounts: 76,1 Withdrawal of Amounts in Excess of Required Balance: Ending Account Balance: 381,22
Realized Losses Tracking:
Realized Recovered Recovered Total Losses Delinquency Servicing Advances Advances Prior Current Cumulative Percentage of Average Pool Principal Balance 0% 0% 0% 0% Percentage of Maximum Collateral Amount 0% 0% 0% 0% Remaining Pre-Funded Account: 2,478,734 Overcollateralization Deficit: Aggregate Principal Balance of Subsequent Loans for the Related Remittance Period: 10,040,656. Accelerated Principal Payment: Net Funds Cap Forward Amount: Step-Down Amount: Originator's Interest: 1,020,408 Non-Subordinated Originator's Interest
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