-----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, MwqIEi35OqfDFqNOYUb7lDkBDLPeeUsaTgKraQhE6GYLU5bEuKnANuKe+rhEqf5q xFOxjFNyXdTSBrBucM3fbg== 0000950116-03-002015.txt : 20030324 0000950116-03-002015.hdr.sgml : 20030324 20030324151938 ACCESSION NUMBER: 0000950116-03-002015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020425 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030324 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA MORTGAGE LOAN TRUST 1998-4A CENTRAL INDEX KEY: 0001074269 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-52351-02 FILM NUMBER: 03613873 BUSINESS ADDRESS: STREET 1: C/O ADVANTA MORTGAGE CORP STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 6196741800 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA MORTGAGE LOAN TRUST 1998-4C CENTRAL INDEX KEY: 0001074271 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-52351-04 FILM NUMBER: 03613874 BUSINESS ADDRESS: STREET 1: C/O ADVANTA MORTGAGE CORP STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 2156574000 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA MORTGAGE LOAN TRUST 1998-4B CENTRAL INDEX KEY: 0001074270 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-52351-03 FILM NUMBER: 03613875 BUSINESS ADDRESS: STREET 1: C/O ADVANTA MORTGAGE CORP STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 2156574000 8-K 1 b320326_8k.txt FORM 8-K 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: April 25, 2002 -------------- ADVANTA Mortgage Loan Trust 1998-4A, 1998-4B, 1998-4C New York 333-52351-02 88-0360305 333-52351-03 23-2723382 333-52351-04 c/o Chase Manhattan Mortgage Attn: H. John Berens 10790 Rancho Bernardo Road San Diego, CA 92127 (858) 676-3099 Item 5. Other Events Information relating to the distributions to Certificate holders for the March, 2002 Monthly Period of the Trust in respect of the Mortgage Backed Notes, Series 1998-4, Class A, Class B and Class C (the "Certificates") issued by the Registrant and the performance of the Trust (including distributions of principal and interest, delinquent balances of Home 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, 1998 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 March 2002 Monthly Period relating to the Mortgage Backed Notes Series 1998-4, Class A, Class B, and Class C issued by the ADVANTA Mortgage Loan Trust 1998-4A, 1998-4B, 1998-4C. EXHIBIT INDEX Exhibit - ------- 1. Monthly Report for the March 2002 Monthly Period relating to the Mortgage Backed Notes, Series 1998-4, Class A, Class B, and Class C issued by the ADVANTA Mortgage Loan Trust 1998-4A, 1998-4B, 1998-4C. 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 1998-4A, 19984-B, 1998-4C. BY: ADVANTA Mortgage Corp., USA BY: /s/ H. John Berens ------------------- H. John Berens Senior Vice President Chase Manhattan Mortgage September 23, 2002 EX-1 3 b320326_ex1.txt EXHIBIT 1 EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4A Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total A 650,000,000.00 312,061,016.29 698,589.95 11,064,486.21 11,763,076.16 A Certificate - - 950,293.14 - 950,293.14 Totals 650,000,000.00 312,061,016.29 1,648,883.09 11,064,486.21 12,713,369.30 Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A - - 300,996,530.08 2.600000% 2.550000% A Certificate - - - NA NA Totals - - 300,996,530.08 Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A 00755WGC4 480.093871 1.074754 17.022286 18.097040 463.071585 A Certificate 0.000000 1.461989 0.000000 1.461989 0.000000 Delinquent Loan Information: 90+ Days Loans Loans 30-59 60-89 excldg f/c,REO in in Days Days & Bkrptcy Bankruptcy REO Trust A Principal Balance 8,808,573.65 1,520,502.20 831,520.53 14,717,258.20 4,086,006.62 % of Pool Balance 2.70415% 0.46678% 0.25527% 4.51806% 1.25437% Number of Loans 153 33 19 240 71 % of Loans 2.76373% 0.59610% 0.34321% 4.33526% 1.28251% Loans in Foreclosure Trust A Principal Balance 11,497,361.54 % of Pool Balance 3.52958% Number of Loans 204 % of Loans 3.68497%
General Mortgage Loan Information: Trust A Beginning Aggregate Mortgage Loan Balance 336,807,236.09 Prefunding 0.00 Principal Reduction 11,064,486.21 Ending Aggregate Mortgage Loan Balance 325,742,749.88 Beginning Aggregate Mortgage Loan Count 5676 Ending Aggregate Mortgage Loan Count 5536 Current Weighted Average Coupon Rate 9.487198% Next Weighted Average Coupon Rate 9.493591% Mortgage Loan Principal Reduction Information: Trust A Scheduled Principal 659,535.66 Curtailments 490,065.88 Prepayments 8,652,748.94 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 1,262,135.73 Other Principal 0.00 Less: Realized Losses 711,981.94 Total Principal Reduction 11,776,468.15 Servicer Information: Trust A Accrued Servicing Fee for the Current Period 140,336.35 Less: Amounts to Cover Interest Shortfalls 5,333.25 Less: Delinquent Service Fees 41,864.39 Collected Servicing Fees for Current Period: 93,138.71 Advanced Principal N/A Advanced Interest 786,193.85
Other Scheduled Interest Available Available Funds Prepayment Unscheduled Principal Carry Funds Cap Cap Carry Principal Principal Distribution Forward Current Forward Class Distributed Distributed Amount Amount Amount Amount Class A 8,652,748.94 1,752,201.61 10,352,504.27 - - - - - - - - - Total 8,652,748.94 1,752,201.61 10,352,504.27 - - - Applied Realized Loss Amount Class A - - Total - Prior Current Has a Remaining Over- Accelerated Extra Over Trigger Event Pre-Funded Collateral Principal Principal Collateral Occurred Amount Amount Distributed Distributed Amount Trust A NO 0.00 24,746,219.80 711,981.94 0.00 24,746,219.80 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust A 24,746,219.80 0.00
Trust A Insured Payment 0.00 Pool Rolling six month delinquency rate 5.16114 Pool Cumulative Realized Losses 16,798,397.71 Book Value of REO loans 5,177,716.34 Cumulative Number of Mortgage loans repurchased to date 11 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 112,921.85 Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00 Unremibursed Delinquent/Servicing Advances still Outstanding 0.00
TOTAL AVAILABLE FUNDS: Current Interest Collected: 1,834,659.26 Principal Collected: 9,802,350.48 Insurance Proceeds Received: 0.00 Net Liquidation Proceeds: 550,153.79 Delinquency Advances on Mortgage Interest: 786,193.85 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: 0.00 Trust Termination Proceeds: 0.00 Investment Earnings on Note Account: 3,082.70 Capitalized Interest Requirement: 0.00 Capitalized Interest Fund Earnings 0.00 Capitalized Interest Account 0.00 Investment Earnings on Pre-Funding Account 0.00 Unreimbursed Delq/Servicing Advances Paid Back To CertificateHolders - Sum of the Above Amounts: 12,976,440.08 LESS: Servicing Fees (including PPIS): 98,471.96 Non Recoverable Advance 8,769.74 Indenture Trustee Fees: 1,964.71 Owner Trustee Fees: 277.78 Insurance Premiums: 33,806.61 Reimbursement of Delinquency Advances/Servicing Advances 112,921.85 Trust A Crossover Amount 6,858.13 Total Reductions to Available Funds Amount: 263,070.78 Total Available Funds: 12,713,369.30
EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4B Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total B 350,000,000.00 159,510,569.69 357,126.44 4,002,389.05 4,359,515.49 B Certificate - - 1,355,563.61 - 1,355,563.61 Totals 350,000,000.00 159,510,569.69 1,712,690.05 4,002,389.05 5,715,079.10 Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next B - - 155,508,180.64 2.600000% 2.550000% B Certificate - - - NA NA Totals - - 155,508,180.64 Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance B 00755WGD2 455.744485 1.020361 11.435397 12.455758 444.309088 B Certificate 0.000000 2.085482 0.000000 2.085482 0.000000 Delinquent Loan Information: 90+ Days Loans Loans 30-59 60-89 excldg f/c,REO in in Days Days & Bkrptcy Bankruptcy REO Trust B Principal Balance 4,180,502.15 1,216,367.47 296,130.24 8,885,665.30 2,391,166.14 % of Pool Balance 2.48666% 0.72352% 0.17615% 5.28541% 1.42232% Number of Loans 71 19 5 142 37 % of Loans 2.97569% 0.79631% 0.20956% 5.95138% 1.55071% Loans in Foreclosure Trust B Principal Balance 7,378,121.30 % of Pool Balance 4.38887% Number of Loans 121 % of Loans 5.07125%
General Mortgage Loan Information: Trust B Beginning Aggregate Mortgage Loan Balance 172,835,442.79 Subsequent Mortgage Loans Added This Period 0.00 Principal Reduction 4,718,490.75 Ending Aggregate Mortgage Loan Balance 168,116,952.04 Beginning Aggregate Mortgage Loan Count 2,434 Ending Aggregate Mortgage Loan Count 2,386 Current Weighted Average Coupon Rate 9.490742% Next Weighted Average Coupon Rate 9.499550% Mortgage Loan Principal Reduction Information: Trust B Scheduled Principal 265,257.01 Curtailments 21,387.85 Prepayments 3,795,919.05 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 635,926.84 Other Principal 0.00 Less: Realized Losses 261,550.05 Total Principal Reduction 4,980,040.80 Servicer Information: Trust B Accrued Servicing Fee for the Current Period 72,014.76 Less: Amounts to Cover Interest Shortfalls 4,346.73 Less: Delinquent Service Fees 22,491.77 Collected Servicing Fees for Current Period: 45,176.26 Advanced Principal N/A Advanced Interest 427,128.80
Other Scheduled Interest Available Available Funds Prepayment Unscheduled Principal Carry Funds Cap Cap Carry Principal Principal Distribution Forward Current Forward Class Distributed Distributed Amount Amount Amount Amount Class B 3,795,919.05 657,314.69 4,002,389.05 - - - - - - - - Total 3,795,919.05 657,314.69 4,002,389.05 - - - Unpaid Realized Loss Amount Class B - - Has a Remaining Over- Accelerated Extra Over Trigger Event Pre-Funded Collateral Principal Principal Collateral Occurred Amount Amount Distributed Distributed Amount Trust B NO 0.00 13,324,873.10 0.00 0.00 12,608,771.40 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust B 12,608,771.40 0.00
Trust B Insured Payment 0.00 Pool Rolling six month delinquency rate 5.336545 Pool Cumulative Realized Losses 10,462,631.46 Book Value of REO loans 2,979,016.78 Cumulative Number of Mortgage loans repurchased to date 8 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 8,218.34 Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00 Unreimbursed Delinquent/Servicing Advances Still Outstanding 0.00
TOTAL AVAILABLE FUNDS: Current Interest Collected: 917,326.63 Principal Collected: 4,082,563.91 Insurance Proceeds Received: 0.00 Net Liquidation Proceeds: 374,376.79 Delinquency Advances on Mortgage Interest: 427,128.80 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: 0.00 Trust Termination Proceeds: 0.00 Investment Earnings on Note Account: 1,387.65 Capitalized Interest Requirement: 0.00 Capitalized Interest Account Earnings 0.00 Capitalized Interest Account 0.00 Reversal of Realized Loss Amount 0.00 Unreimbursed Delq/Servicing Advances Paid Back To Certificateholders 0.00 Sum of the Above Amounts: 5,802,783.78 LESS: Servicing Fees (including PPIS): 49,522.99 Non-Recoverable Advance 2,600.15 Indenture Trustee Fees: 1,008.21 Owner Trustee Fees: 277.78 Insurance Premiums: 17,280.31 Reimbursement of Delinquency Advances/Servicing Advances 8,218.34 Trust B Crossover 8,796.90 Total Reductions to Available Funds Amount: 87,704.68 Total Available Funds: 5,715,079.10
EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4C Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total C 100,000,000.00 30,285,249.81 63,893.46 1,538,014.61 1,601,908.07 C Certificate - - - - - Totals 100,000,000.00 30,285,249.81 63,893.46 1,538,014.61 1,601,908.07 Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next C - - 28,747,235.20 2.450000% 2.400000% C Certificate - - - NA NA Totals - - 28,747,235.20 Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance C 00755WGE0 302.852498 0.638935 15.380146 16.019081 287.472352 C Certificate 0.000000 0.000000 0.000000 0.000000 0.000000 Delinquent Loan Information: 90+ Days Loans Loans 30-59 60-89 excldg f/c,REO in in Days Days & Bkrptcy Bankruptcy REO Trust C Principal Balance 915,659.72 265,362.19 0.00 2,474,856.13 757,102.94 % of Pool Balance 2.82170% 0.81774% 0.00000% 7.62653% 2.33309% Number of Loans 11 3 0 28 9 % of Loans 2.75689% 0.75188% 0.00000% 7.01754% 2.25564% Loans in Foreclosure Trust C Principal Balance 2,962,356.52 % of Pool Balance 9.12881% Number of Loans 36 % of Loans 9.02256%
General Mortgage Loan Information: Trust C Beginning Aggregate Mortgage Loan Balance 33,935,525.70 Prefunding N/A Principal Reduction 1,484,909.22 Ending Aggregate Mortgage Loan Balance 32,450,616.48 Beginning Aggregate Mortgage Loan Count 415 Ending Aggregate Mortgage Loan Count 399 Current Weighted Average Coupon Rate 9.644851% Next Weighted Average Coupon Rate 9.663023% Mortgage Loan Principal Reduction Information: Trust C Scheduled Principal 25,925.99 Curtailments 1,826.37 Prepayments 1,133,313.88 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 323,842.98 Other Principal 0.00 Less: Realized Losses 152,588.49 Total Principal Reduction 1,637,497.71 Servicer Information: Trust C Accrued Servicing Fee for the Current Period 14,139.81 Less: Amounts to Cover Interest Shortfalls 691.61 Less: Delinquent Service Fees 5,489.05 Collected Servicing Fees for Current Period: 7,959.15 Advanced Principal N/A Advanced Interest 101,909.49
Other Scheduled Interest Available Available Funds Prepayment Unscheduled Principal Carry Funds Cap Cap Carry Principal Principal Distribution Forward Current Forward Class Distributed Distributed Amount Amount Amount Amount Class C 1,133,313.88 325,669.25 1,332,320.73 - - - - - - - - - Unpaid Realized Loss Amount Class C - - Prior Current Has a Over- Accelerated Amounts Over Trigger Event Collateral Principal From Reserve Collateral Occurred Amount Distributed Fund Amount Trust C NO 3,650,275.89 190,038.85 15,655.03 3,703,381.28 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust C 3,703,381.28 0.00
Trust C Insured Payment 0.00 Pool Rolling six month delinquency rate 9.997875 Pool Cumulative Realized Losses 2,762,220.62 Book Value of REO loans 945,040.50 Cumulative Number of Mortgage loans repurchased to date 3 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 0.00 Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00 Unreimbursed Delinquent/Servicing Advances Still Outstanding 16,671.31
TOTAL AVAILABLE FUNDS: Current Interest Collected: 165,354.04 Principal Collected: 1,161,066.24 Insurance Proceeds Received: - Net Liquidation Proceeds: 171,254.49 Delinquency Advances on Mortgage Interest: 101,909.49 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: 0.00 Trust Termination Proceeds: 0.00 Investment Earnings on Note Account: 380.14 Unreimbursed Delq/Servicing Advances Paid Back to CertificateHolders - Trust A & B Crossover Amount 15,655.03 Sum of the Above Amounts: 1,615,619.43 LESS: Servicing Fees (including PPIS): 8,650.76 Non-Recoverable Advance 673.02 Indenture Trustee Fees: 197.96 Owner Trustee Fees: 277.78 Insurance Premiums: 3,911.84 Reimbursement of Delinquency Advances/Servicing Advances - Total Reductions to Available Funds Amount: 13,711.36 Total Available Funds: 1,601,908.07
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