-----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, MzJ5FyEdgrK8JB4K3H1NQieldPJxUIbW/RzBK9nEmWO3ri6H7aezvUZjLOAWwiSx 6czId1qi7cbIZNj//tdHnA== 0000950116-03-002021.txt : 20030324 0000950116-03-002021.hdr.sgml : 20030324 20030324155951 ACCESSION NUMBER: 0000950116-03-002021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021025 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: 03614040 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: 03614041 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: 03614042 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 eight-k.txt 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: October 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 September, 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 September 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 September 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. Page 1 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 October 31, 2002 Page 2 EX-1 3 exh-1.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 650,000,000.00 260,157,395.18 544,897.69 6,256,971.28 6,801,868.97 A Certificate - - 2,247,787.90 - 2,247,787.90 Totals 650,000,000.00 260,157,395.18 2,792,685.59 6,256,971.28 9,049,656.87 Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next - ------------------------------------------------------------------------------------------------------------------------------------ A - - 253,900,423.90 2.513750% 2.530000% A Certificate - - - NA NA Totals - - 253,900,423.90 Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance - ------------------------------------------------------------------------------------------------------------------------------------ A 00755WGC4 400.242146 0.838304 9.626110 10.464414 390.616037 A Certificate 0.000000 3.458135 0.000000 3.458135 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 13,717,023.58 2,180,320.10 836,732.74 14,830,201.70 2,619,297.95 % of Pool Balance 5.00490% 0.79553% 0.30530% 5.41106% 0.95570% Number of Loans 227 42 15 247 44 % of Loans 4.74102% 0.87719% 0.31328% 5.15873% 0.91896% Loans in Foreclosure - ------------------------------------------------------------- Trust A Principal Balance 13,105,049.19 % of Pool Balance 4.78161% Number of Loans 217 % of Loans 4.53216% General Mortgage Loan Information: Trust A -------------- Beginning Aggregate Mortgage Loan Balance 281,251,238.03 Prefunding 0.00 Principal Reduction 7,179,422.32 Ending Aggregate Mortgage Loan Balance 274,071,815.71 Beginning Aggregate Mortgage Loan Count 4886 Ending Aggregate Mortgage Loan Count 4788 Current Weighted Average Coupon Rate 9.480635% Next Weighted Average Coupon Rate 9.484980% Mortgage Loan Principal Reduction Information: Trust A -------------- Scheduled Principal 517,341.41 Curtailments 106,040.71 Prepayments 6,174,196.53 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 381,843.67 Other Principal 0.00 Less: Realized Losses 154,462.30 Total Principal Reduction 7,333,884.62 Servicer Information: Trust A -------------- Accrued Servicing Fee for the Current Period 117,188.02 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 40,412.15 Collected Servicing Fees for Current Period: 76,775.87 Advanced Principal N/A Advanced Interest 755,721.73 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 6,174,196.53 487,884.38 6,640,965.65 - - - - - - - - - Total 6,174,196.53 487,884.38 6,640,965.65 - - - 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 21,093,842.85 (383,994.37) 0.00 20,171,391.81 Specified Over- Over- Collateral Collateral Deficit Amount Amount - ------------------------------------------------------------- Trust A 20,555,386.18 0.00 Trust A Insured Payment 0.00 Pool Rolling six month delinquency rate 4.925715 Pool Cumulative Realized Losses 20,904,834.50 Book Value of REO loans 3,368,607.84 Cumulative Number of Mortgage loans repurchased to date 11 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 46,089.41 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: 1,425,821.80 Principal Collected: 6,797,578.65 Insurance Proceeds Received: 0.00 Net Liquidation Proceeds: 227,381.37 Delinquency Advances on Mortgage Interest: 755,721.73 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: 0.00 Trust Termination Proceeds: 0.00 Investment Earnings on Note Account: 2,118.43 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: 9,208,621.98 LESS: Servicing Fees (including PPIS): 76,775.87 Non Recoverable Advance 5,997.70 Indenture Trustee Fees: 1,640.63 Owner Trustee Fees: 277.78 Insurance Premiums: 28,183.72 Reimbursement of Delinquency Advances/Servicing Advances 46,089.41 Total Reductions to Available Funds Amount: 158,965.11 Total Available Funds: 9,049,656.87
EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4B Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total - ------------------------------------------------------------------------------------------------------------------------------------ B 350,000,000.00 134,061,783.00 280,831.51 4,614,016.18 4,894,847.69 B Certificate - - 779,022.82 - 779,022.82 Totals 350,000,000.00 134,061,783.00 1,059,854.33 4,614,016.18 5,673,870.51 Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next - ------------------------------------------------------------------------------------------------------------------------------------ B - - 129,447,766.81 2.513750% 2.530000% B Certificate - - - NA NA Totals - - 129,447,766.81 Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance - ------------------------------------------------------------------------------------------------------------------------------------ B 00755WGD2 383.033666 0.802376 13.182903 13.985279 369.850762 B Certificate 0.000000 1.198497 0.000000 1.198497 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 5,692,514.67 1,057,990.26 478,034.13 8,802,612.39 2,087,158.65 % of Pool Balance 4.06772% 0.75601% 0.34159% 6.29012% 1.49143% Number of Loans 95 20 6 128 41 % of Loans 4.61165% 0.97087% 0.29126% 6.21359% 1.99029% Loans in Foreclosure - ------------------------------------------------------------ Trust B Principal Balance 7,105,532.04 % of Pool Balance 5.07743% Number of Loans 110 % of Loans 5.33981% General Mortgage Loan Information: Trust B -------------- Beginning Aggregate Mortgage Loan Balance 144,931,657.29 Subsequent Mortgage Loans Added This Period 0.00 Principal Reduction 4,988,125.60 Ending Aggregate Mortgage Loan Balance 139,943,531.69 Beginning Aggregate Mortgage Loan Count 2,118 Ending Aggregate Mortgage Loan Count 2,060 Current Weighted Average Coupon Rate 9.483340% Next Weighted Average Coupon Rate 9.479288% Mortgage Loan Principal Reduction Information: Trust B -------------- Scheduled Principal 225,295.97 Curtailments 276,619.89 Prepayments 3,843,514.71 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 642,695.03 Other Principal 0.00 Less: Realized Losses 353,315.60 Total Principal Reduction 5,341,441.20 Servicer Information: Trust B -------------- Accrued Servicing Fee for the Current Period 60,388.19 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 19,483.83 Collected Servicing Fees for Current Period: 40,904.36 Advanced Principal N/A Advanced Interest 369,503.03
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 3,843,514.71 919,314.92 4,614,016.18 - - - - - - - - Total 3,843,514.71 919,314.92 4,614,016.18 - - - 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 10,869,874.29 0.00 0.00 10,495,764.88 Specified Over- Over- Collateral Collateral Deficit Amount Amount - --------------------------------------------------------- Trust B 10,495,764.88 0.00 Trust B Insured Payment 0.00 Pool Rolling six month delinquency rate 6.1796 Pool Cumulative Realized Losses 12,708,157.73 Book Value of REO loans 2,631,036.56 Cumulative Number of Mortgage loans repurchased to date 8 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 26,976.38 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: 756,376.56 Principal Collected: 4,345,430.57 Insurance Proceeds Received: - Net Liquidation Proceeds: 289,379.43 Delinquency Advances on Mortgage Interest: 369,503.03 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 1,327.43 Capitalized Interest Requirement: 0.00 Capitalized Interest Account Earnings 0.00 Capitalized Interest Account 0.00 Reversal of Realized Loss Amount - Unreimbursed Delq/Servicing Advances Paid Back To Certificateholders 0.00 Sum of the Above Amounts: 5,762,017.02 LESS: Servicing Fees (including PPIS): 40,904.36 Non-Recoverable Advance 4,619.20 Indenture Trustee Fees: 845.43 Owner Trustee Fees: 277.78 Insurance Premiums: 14,523.36 Reimbursement of Delinquency Advances/Servicing Advances 26,976.38 Total Reductions to Available Funds Amount: 88,146.51 Total Available Funds: 5,673,870.51
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 24,946,778.30 49,139.96 626,899.77 676,039.73 C Certificate - - 255,031.25 - 255,031.25 Totals 100,000,000.00 24,946,778.30 304,171.21 626,899.77 931,070.98 Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next - ----------------------------------------------------------------------------------------------------------------------------------- C - - 24,319,878.53 2.363750% 2.380000% C Certificate - - - NA NA Totals - - 24,319,878.53 Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance - ----------------------------------------------------------------------------------------------------------------------------------- C 00755WGE0 249.467783 0.491400 6.268998 6.760397 243.198785 C Certificate 0.000000 0.392356 0.000000 0.392356 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 1,306,479.43 140,713.82 94,368.37 1,718,905.66 892,401.84 % of Pool Balance 4.75111% 0.51172% 0.34318% 6.25092% 3.24528% Number of Loans 15 3 1 22 9 % of Loans 4.45104% 0.89021% 0.29674% 6.52819% 2.67062% Loans in Foreclosure - -------------------------------------------------------------- Trust C Principal Balance 2,523,263.59 % of Pool Balance 9.17603% Number of Loans 29 % of Loans 8.60534% General Mortgage Loan Information: Trust C ------------- Beginning Aggregate Mortgage Loan Balance 28,337,653.08 Prefunding N/A Principal Reduction 839,226.91 Ending Aggregate Mortgage Loan Balance 27,498,426.17 Beginning Aggregate Mortgage Loan Count 348 Ending Aggregate Mortgage Loan Count 337 Current Weighted Average Coupon Rate 9.241281% Next Weighted Average Coupon Rate 9.227042% Mortgage Loan Principal Reduction Information: Trust C ------------- Scheduled Principal 20,970.59 Curtailments (14,008.73) Prepayments 634,346.36 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 197,918.69 Other Principal 0.00 Less: Realized Losses 107,793.11 Total Principal Reduction 947,020.02 Servicer Information: Trust C ------------- Accrued Servicing Fee for the Current Period 11,807.35 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 4,414.09 Collected Servicing Fees for Current Period: 7,393.26 Advanced Principal N/A Advanced Interest 77,917.87
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 634,346.36 183,909.96 626,899.77 - - - - - - - - - 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 3,390,874.78 0.00 0.00 3,178,547.64 Specified Over- Over- Collateral Collateral Deficit Amount Amount - ----------------------------------------------------------- Trust C 3,178,547.64 0.00 Trust C Insured Payment 0.00 Pool Rolling six month delinquency rate 11.940529 Pool Cumulative Realized Losses 3,293,191.73 Book Value of REO loans 1,143,298.28 Cumulative Number of Mortgage loans repurchased to date 3 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 1,325.69 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: 135,898.23 Principal Collected: 641,308.22 Insurance Proceeds Received: - Net Liquidation Proceeds: 90,125.58 Delinquency Advances on Mortgage Interest: 77,917.87 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 217.93 Unreimbursed Delq/Servicing Advances Paid Back to CertificateHolders - Sum of the Above Amounts: 945,467.83 LESS: Servicing Fees (including PPIS): 7,393.26 Non-Recoverable Advance 2,012.53 Indenture Trustee Fees: 165.30 Owner Trustee Fees: 277.78 Insurance Premiums: 3,222.29 Reimbursement of Delinquency Advances/Servicing Advances 1,325.69 Total Reductions to Available Funds Amount: 14,396.85 Total Available Funds: 931,070.98
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