-----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, We9xKT3mb1T4YiTP4tV8LGbGfROY07lXdDYS3M77ToNbY0GqXiyqb61NFmCkT/y4 dLl54uupCHb/XVzf5g2Hmw== 0001070168-99-000002.txt : 19990106 0001070168-99-000002.hdr.sgml : 19990106 ACCESSION NUMBER: 0001070168-99-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981231 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA MORTGAGE LOAN TRUST 1997-4 CENTRAL INDEX KEY: 0001050923 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-37107-01 FILM NUMBER: 99500591 BUSINESS ADDRESS: STREET 1: ADVANTA MORTGAGE CONDIRT SERVICES INC STREET 2: 16875 WEST BERNARDO DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 6196741800 MAIL ADDRESS: STREET 1: C/O ADVANTA MORTGAGE CONDIRT SERVICES IN STREET 2: 16875 WEST BERNARDO DRIVE CITY: NEWSAN 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 28,1998 ADVANTA Home Equity Loan Trust 1997-4 New York 333-37107-01 "Pending" c/o ADVANTA Mortgage Corp., USA Attn: William P. Garland 10790 Rancho Bernardo Road San Diego, CA 92127 (619) 674-1800 Item 5. Other Events Information relating to the distributions to Certificate holders for the November, 1998 Monthly Period of the Trust in respect of the Home Equity Loan Pass-Through Certificates, Series 1997-4 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 December 1, 1997 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, 1998 Monthly Period relating to the Home Equity Loan Pass- Through Certificates Series 1997-4, Class A issued by the ADVANTA Home Equity Loan Trust 1997-4. EXHIBIT INDEX Exhibit 1. Monthly Report for the November, 1998 Monthly Period relating to the Home Equity Loan Pass-Through Certificates, Series 1997-4, Class A issued by the ADVANTA Home Equity Loan Trust 1997-4. 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 Mortgage Loan Trust 1997-4 BY: ADVANTA Mortgage Corp., USA BY: /s/ William P. Garland William P. Garland Senior Vice President Loan Service Administration December 31, 1998 EXHIBIT 1 ADVANTA Mortgage Loan Trust 1997-4 Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total A-1 146,039,000. 48,476,73 230,2 14,351,463. 14,581,751.62 A-2 91,159,000 91,159,00 496,0 496,056.89 A-3 33,579,000 33,579,00 183,2 183,285.37 A-4 59,837,000 59,837,00 332,0 332,095.35 A-5 15,601,000 15,601,00 87,3 87,365.60 A-6 41,285,000 41,285,00 244,2 244,269.58 A-7 50,000,000 50,000,00 276,2 276,250.00 A-8 98,000,000 58,277,75 278,4 4,821,992 5,100,441.92 A-9 302,000,000. 234,690,563 1,136,40 8,036,653 9,173,059.16 A-IO 208,333.33 208,333.33 B-1 15,000,000 15,000,00 94,2 94,250.00 M-1 17,500,000 17,500,00 102,6 102,666.67 M-2 30,000,000 30,000,00 181,0 181,000.00 R 1,910,46 1,910,469.77 Totals 900,000,000. 695,406,058 5,761,18 27,210,109. 32,971,295.26
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A-1 34,125,274 5.182340% 5.764380% A-2 91,159,000 6.530000% 6.530000% A-3 33,579,000 6.550000% 6.550000% A-4 59,837,000 6.660000% 6.660000% A-5 15,601,000 6.720000% 6.720000% A-6 41,285,000 7.100000% 7.100000% A-7 50,000,000 6.630000% 6.630000% A-8 53,455,764 5.212340% 5.794380% A-9 226,653,909. 5.282340% 5.864380% A-IO 5.000000% 5.000000% B-1 15,000,000 7.540000% 7.540000% M-1 17,500,000 7.040000% 7.040000% M-2 30,000,000 7.240000% 7.240000% R 0.000000% 0.000000% Totals 668,195,948.60
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A-1 00755WEC6 331.943786 1.576892 98.271447 99.848339 233.672339 A-2 00755WED4 1000 5.441667 0 5.441667 1000 A-3 00755WEE2 1000 5.458333 0 5.458333 1000 A-4 00755WEF9 1000 5.55 0 5.55 1000 A-5 00755WEG7 1000 5.6 0 5.6 1000 A-6 00755WEH5 1000 5.916667 0 5.916667 1000 A-7 00755WEJ1 1000 5.525 0 5.525 1000 A-8 00755WEL6 594.670983 2.841325 49.204001 52.045326 545.466983 A-9 00755WEM4 777.12107 3.762933 26.611435 30.374368 750.509634 A-IO 00755WEK8 1000 4.166667 0 4.166667 0 B-1 00755WEQ5 1000 6.283333 0 6.283333 1000 M-1 00755WEN2 1000 5.866667 0 5.866667 1000 M-2 00755WEP7 1000 6.033333 0 6.033333 1000 R AM9704114 0 2.122744 0 2.122744 0
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 14,835,73 5,750,16 1,878,906 2,029,43 11,798,452. % of Pool Balanc 3.70350% 1.43544% 0.46904% 0.50662% 2.94530% Number of Loans 272 96 43 28 213 % of Loans 3.93405% 1.38849% 0.62193% 0.40498% 3.08071% Group 2 Principal Balanc 12,946,99 4,156,02 2,333,996 2,819,96 15,024,067. % of Pool Balanc 4.38718% 1.40830% 0.79089% 0.95556% 5.09101% Number of Loans 155 46 29 27 163 % of Loans 4.50189% 1.33604% 0.84229% 0.78420% 4.73424% Loans in Bankrup Group 1 5,206,748.93 Group 2 5,472,010.64 10,678,759.57
General Mortgage Loan Information:
Group I Group II Total Beginning Aggregate Mortgage Loan Balance 414,937,882. 307,730,929. 722,668,811. Principal Reduction 14,351,462. 12,588,565 26,940,028. Ending Aggregate Mortgage Loan Balance 400,586,418. 295,109,931. 695,696,350. Beginning Aggregate Mortgage Loan Count 7161 3591 10752 Ending Aggregate Mortgage Loan Count 6914 3443 10357 Current Weighted Average Coupon Rate 10.537137% 10.543516% 10.539854% Next Weighted Average Coupon Rate 10.537037% 10.541004% 10.538720%
Mortgage Loan Principal Reduction Information:
Group I Group II Total Scheduled Principal 784,08 298,7 1,082,837 Curtailments Prepayments 13,544,382. 12,163,890 25,708,273. Repurchases/Substitutions Liquidation Proceeds 22,9 158,3 181,35 Other Principal Less: Realized Losses 32,4 32,4 Less: Delinquent Principal not Advanced by Servicer Total Principal Reduction 14,351,462. 12,588,565 26,940,028.
Servicer Information:
Group I Group II Total Accrued Servicing Fee for the Current Period 125,41 90,4 215,81 Less: Amounts to Cover Interest Shortfalls 5,5 2, 7,8 Less: Delinquent Service Fees 47,4 37,8 85,3 Collected Servicing Fees for Current Period: 72,3 50,2 122,61 Advanced Principal 65,6 12,7 78,3 Advanced Interest 1,015,474 791,0 1,806,525
Other Subordination Prepayment Unscheduled Increase Applied Realized Loss Unpaid Principal Principal Principal Realized Loss Amortization Realized Loss Class Distributed Distributed Distributed Amount Amount Amount A-1 13,544,382 22, A-2 A-3 A-4 A-5 A-6 A-7 A-8 4,561,45 59, 101,2 32,4 A-9 7,602,43 98, 168,7 A-IO B-1 M-1 M-2 R Total 25,708,273 181,3 270,0 32,4
Prior Current Has a Senior Overcolla- Extra Overcolla- Trigger Event Enhancement Teralization Principal Realized Teralization Occurred Percentage Amount Distributed Loss Amount Amount Group I No 18.722588% 12,500,144 12,500,144. Group II N/A N/A 14,762,609 270,07 32,4 15,000,257. Total 27,262,753 270,08 32,4 27,500,402.
Target Overcolla- Prior Current Cumulative Prior Unreimbursed Teralization Realized Realized Realized Unreimbursed Servicing Fee Amount Losses Losses Losses Servicing Fee Due Group I 12,500,144 65,739.98 1.00 65,740.98 0.00 N/A Group II 15,000,257 67,828.47 32,431.75 100,260.22 0.00 N/A Total 27,500,402 133,568.45 32,432.75 166,001.20 0.00 0.00 Unreimbursed Cumulative Servicing Fee Unreimbursed Paid Servicing Fee Group I N/A 0.00 Group II N/A 0.00 Total 0.00 0.00
MISCELLANEOUS INFORMATION: Class A-IO Notional Balance 50,000,000.00 Group II Insured Payment Included in amounts Distributed to Cl -
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 4,455,527.56 Principal Collected: 26,712,741.94 Insurance Proceeds Received: - Net Liquidation Proceeds: 148,917.73 Delinquency Advances on Mortgage Interest: 1,806,525.37 Delinquency Advances on Mortgage Principal 78,368.94 Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Certificate Account: 25,308.87 Capitalized Interest Requirement: - Pre-Funding Account: - Sum of the Above Amounts: 33,227,390.41 LESS: Servicing Fees (including PPIS): 215,811.99 Dealer Reserve: - Trustee Fees: 5,269.46 Insurance Premiums: 35,013.71 Reimbursement of Delinquency Advances: - Reimbursements of Servicing Advances: - Total Reductions to Available Funds Amount: 256,095.16 Total Available Funds: 32,971,295.
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