-----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, SjLDtqVV/haAY8tIIM5a9Oc940za31OE/Q1siVwmcXs1T5cdtGkkx/tLZezUNpk+ WvTMSpHd4XStc/VTTBOTMA== 0001064357-99-000007.txt : 19990409 0001064357-99-000007.hdr.sgml : 19990409 ACCESSION NUMBER: 0001064357-99-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980930 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA MORTGAGE LOAN TRUST 1998-2 CENTRAL INDEX KEY: 0001064357 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 033-99510-08 FILM NUMBER: 99589147 BUSINESS ADDRESS: STREET 1: 16875 WEST BERRADO DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 6196741800 MAIL ADDRESS: STREET 1: C/O ADVANTA MORTGAGE CORP STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 8-K 1 SECURITIMMISS ION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant15(d) of the Securities Exchange Act of 1934 Date of Report: 25-Sep-98 ADVANTA 1998 -2 New York 33-99510-08 33-0816529 c/o ADVA, USA Attn: William P. Garland 16875 West Bernardo Drive San Diego, Ca 92127 (619) 674-1800 Item 5. Other Events Informate dis tributions to Certificate holders for the ly Pe riod of the Trust in respect of the Mortcked Certificates, Series 1998-2 Class A ") is sued by the Registrant and the performainclu ding distributions of principal and intealanc es of Home Equity Loans, and the t rem aining), together with certain other informate cer tificates, is contained in the Monthly thly Period provided to certificateholders pursuantd Ser vicing Agreement (the "Agreement") dated asetwee n ADVANTA Mortgage Corp., USA as Srs Tr ust Company, as Trustee. Item 7. Financial Statements, Exhibits Exhibit o. Exhibit 1Monthly Report for the August,1998 Monthly period relating to the Mortgage Loan Asset- Backed Certificates Series 1998-2, Class A issued by the ADVANTA Mortgage Loan Trust 1998-2. EXHIBIT INDEX Exhibit 1. eport for the August, 1998 Monthly Period rlatin g to the Mortgage Loan Asset-Backed Certifictes, Series 1998-2, Class A issued by the ADVANTA ortga ge Loan Trust 1998-2. SIGNATURE Pursuantts of the Securities Exchange Act of 1934,s dul y caused this report to be signed on its bsigne d thereunto duly authorized. ADVANTA t 199 2-Aug BY: ortga ge Corp., USA BY: am P. Garland William . Gar land Senior Vce Pr esident Loan Serice A dministration 30-Sep-98 EXHIBIT 1 ADVANTA ortga ge Loan Trust 1998-2 Sta tement to Certificateholders
Original Prior Face Principal Class Balance Interest Principal Total A-1 000,0 0 69,314,878 371,9 2,419,764 2,791,754.74 A-2 000,0 0 41,000,000 209,1 209,100.00 A-3 000,0 0 34,000,000 175,3 175,383.33 A-4 000,0 0 17,000,000 89,3 89,391.67 A-5 000,0 0 24,000,000 126,6 126,600.00 A-6 000,0 0 27,000,000 149,1 149,175.00 A-7 000,0 0 15,000,000 76,8 76,875.00 A-8 ,000, 0 9,000,00 47,7 47,700.00 A-9 000,0 0 82,857,416 444,6 3,710,243 4,154,911.74 A-10 000,0 0 61,000,000 311,1 311,100.00 A-11 000,0 0 38,000,000 196,6 196,650.00 A-12 000,0 0 28,000,000 147,7 147,700.00 A-13 000,0 0 28,000,000 148,4 148,400.00 A-14 000,0 0 36,000,000 199,5 199,500.00 A-15 000,0 0 31,000,000 161,4 161,458.33 A-16 00,00 0 175,213,267. 876,3 3,166,170 4,042,537.14 A-17 000,0 0 60,000,000 302,5 302,500.00 A-18 50,00 0 98,364,748 491,9 1,828,253 2,320,245.87 A-19 750,0 0 33,750,000 170,1 170,156.25 F-IO* 000,0 0 55,000,000 229,1 229,166.67 A-IO* 750,0 0 93,750,000 390,6 390,625.00 RS - Totals 00,00 0 908,500,311. 5,316,49 11,124,433. 16,440,930.74
Current Pass-Through Realized Deferred Principal Rates Class Interest Balance Current Next A-1 66,895,113 6.440000% 6.440000% A-2 41,000,000 6.120000% 6.120000% A-3 34,000,000 6.190000% 6.190000% A-4 17,000,000 6.310000% 6.310000% A-5 24,000,000 6.330000% 6.330000% A-6 27,000,000 6.630000% 6.630000% A-7 15,000,000 6.150000% 6.150000% A-8 9,000,00 6.360000% 6.360000% A-9 79,147,173 6.440000% 6.440000% A-IO 61,000,000 6.120000% 6.120000% A-11 38,000,000 6.210000% 6.210000% A-12 28,000,000 6.330000% 6.330000% A-13 28,000,000 6.360000% 6.360000% A-14 36,000,000 6.650000% 6.650000% A-15 31,000,000 6.250000% 6.250000% A-16 172,047,097. 5.808440% 5.753750% A-17 60,000,000 6.050000% 6.050000% A-18 96,536,494 5.808440% 5.753750% A-19 33,750,000 6.050000% 6.050000% F-IO* 55,000,000 5.000000% 5.000000% A-IO* 93,750,000 5.000000% 5.000000% RS 0.000000% 0.000000% Totals ########
Prior Current Principal Principal Class Balance Interest Principal Total Balance A-1 FD3 949.518888 5.095751 33.147464 38.243215 916.371424 A-2 FE1 1000 5.1 0 5.1 1000 A-3 FF8 1000 5.158333 0 5.158333 1000 A-4 FG6 1000 5.258334 0 5.258334 1000 A-5 FH4 1000 5.275 0 5.275 1000 A-6 FJ0 1000 5.525 0 5.525 1000 A-7 FK7 1000 5.125 0 5.125 1000 A-8 FL5 1000 5.3 0 5.3 1000 A-9 FM3 941.561554 5.053047 42.161859 47.214906 899.399694 A-IO FN1 1000 5.1 0 5.1 1000 A-11 FP6 1000 5.175 0 5.175 1000 A-12 FQ4 1000 5.275 0 5.275 1000 A-13 FR2 1000 5.3 0 5.3 1000 A-14 FS0 1000 5.541667 0 5.541667 1000 A-15 FT8 1000 5.208333 0 5.208333 1000 A-16 FV3 973.407043 4.868702 17.589838 22.45854 955.817206 A-17 FW1 1000 5.041667 0 5.041667 1000 A-18 FX9 971.503684 4.859182 18.056827 22.916009 953.446857 A-19 FY7 1000 5.041667 0 5.041667 1000 F-IO* FU5 1000 4.166667 0 4.166667 1000 A-IO* FZ4 1000 4.166667 0 4.166667 1000 RS 1220 0 0 0 0
Delinquen:
90+ Days Loans Loans 30-59 60-89 excldg f/c,REO in in Days Days & Bkrptcy REO Foreclosure Group IABala n 4,151,95 1,109,09 275,11 1,036,718 % of PooBala n 1.76231% 0.47076% 0.11677% 0.00000% 0.44004% Number oLoan s 78 22 5 0 22 % of Loas 2.17999% 0.61487% 0.13974% 0.00000% 0.61487% Group IIBala n 4,862,82 1,524,47 172,55 1,905,820 % of PooBala n 2.08297% 0.65300% 0.07391% 0.00000% 0.81635% Number oLoan s 64 19 3 0 22 % of Loas 2.57131% 0.76336% 0.12053% 0.00000% 0.88389% Group IBBala n 3,824,85 1,786,14 282,50 402,90 % of PooBala n 1.26252% 0.58957% 0.09325% 0.00000% 0.13299% Number oLoan s 71 26 3 0 9 % of Loas 1.54482% 0.56571% 0.06527% 0.00000% 0.19582% Group IIBala n 1,806,66 302,5 59,8 233,86 % of PooBala n 0.76684% 0.12843% 0.02541% 0.00000% 0.09926% Number oLoan s 31 3 1 0 2 % of Loas 1.96576% 0.19023% 0.06341% 0.00000% 0.12682% Loans in Bankrup Group IA 258,375.66 Group IIA 345,556.80 Group IB 400,272.77 Group IIB 522,018.93 ########
General rmati on:
Group IA Group IIA Group IB Group IIB Total Beginninge Lo a 237,455,139. 236,135,626. 306,064,858. 132,568,578. 912,224,203. Principal Reduct1,857,96 2,679,67 3,109,902 1,588,54 9,236,085 Ending ALoan B 235,597,174. 233,455,951. 302,954,955. 130,980,035. 902,988,117. Beginninge Lo a 3607 2520 4635 1595 12357 Ending ALoan C 3578 2489 4596 1577 12240 Current oupon 10.278024% 10.363975% 9.771649% 10.066941% 10.099701% Next Weion Ra t 10.272154% 10.364702% 9.766668% 10.072286% 10.097498%
Mortgageducti on Information:
Group IA Group IIA Group IB Group IIB Total Scheduled Princi365,5 109,4 552,15 68,7 1,095,912 Curtailments Prepayments 1,418,31 2,570,21 2,557,680 1,519,79 8,066,001 Repurchases/Subs74,1 74,1 Liquidation Proceeds Other Principal Less: Realized Losses Less: Denot A Total Principal 1,857,96 2,679,67 3,109,902 1,588,54 9,236,085
Servicer Information:
Group IA Group IIA Group IB Group IIB Total Accrued the C u 98,9 98,3 127,52 55,2 380,09 Less: Amerest Less: Deees 16,6 14,5 17,2 7, 56,3 Collecteor Cu r 82,3 83,8 110,31 47,2 323,71 Advanced Princip13,1 5, 21,6 3, 43,8 Advanced Interes351,1 303,1 353,70 157,6 1,165,666
Other Subordination Interest Prepaymet Unscheduled Increase Carry Applied Realized Loss Principal Principal Principal Forward Realized Loss Amortization Class ed Distributed Distributed Amount Amount Amount A-1 ,754, 5 2,009,01 A-2 A-3 A-4 A-5 A-6 A-7 A-8 A-9 ,690, 1 3,080,43 A-10 A-11 A-12 A-13 A-14 A-15 A-16 ,295, 6 2,628,72 A-17 A-18 ,325, 6 1,517,91 A-19 Total ,066, 0 9,236,08
Unpaid Realized Loss Class Amount A-1 A-2 A-3 A-4 A-5 A-6 A-7 A-8 A-9 A-10 A-11 A-12 A-13 A-14 A-15 A-16 A-17 A-18 A-19 Total
Prior Has a Senior Overcolla- Supplemental Subordination Subordination Trigger Event Enhancement Teralization Interest Increase Increase Occurr ed Percentage Amount Amount Amount Distributed Group IA N/A 1,140,26 561,8 561,80 Group IIA N/A 922,3 486,4 486,49 Group IB N/A 1,207,44 600,3 600,34 Group IIB N/A 453,8 239,7 239,71 Total 3,723,89 1,888,34 1,888,347
Current Target Overcolla- Overcolla- teralization teralization Amount Amount Group IA 1,702,06 3,000,000 Group IIA 1,408,85 3,000,000 Group IB 1,807,78 10,075,000. Group IIB 693,5 4,387,500 Total 5,612,23 20,462,500.
TOTAL AVAILABLE FUNDS:
Current ntere st Collected: 6,455,617.17 PrincipaColl ected: 9,118,148.43 InsurancProc eeds Received: - Net Liqudatio n Proceeds: - Delinquecy Ad vances on Mortgage Interest: 1,165,666.38 Delinquecy Ad vances on Mortgage Principal 43,837.47 Substituion A mounts: 74,100.00 Trust Teminat ion Proceeds: - Investmet Ear nings on Certificate Account: 14,478.57 Sum of te Abo ve Amounts: 16,871,848.02 LESS: ServicinFees (including PPIS): 323,717.17 Dealer Rserve : - Trustee ees: 5,321.31 InsurancPrem iums: 101,878.80 Reimbursment of Delinquency Advances: - Reimbursments of Servicing Advances: - Total Reuctio ns to Available Funds Amount: 430,917.28 Total Avilabl e Funds: 16,440,930.
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