-----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, I9hxfZMvNH70r9bQyF9XmUfYzr4lDvwhSS9HHxw9g/jOE3R2v8ArkAwXBp2BYmDH Y1RMxTndUFjthvgzpLmrtg== 0000950116-03-002022.txt : 20030324 0000950116-03-002022.hdr.sgml : 20030324 20030324160211 ACCESSION NUMBER: 0000950116-03-002022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021125 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: 03614052 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: 03614053 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: 03614054 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: November 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 October, 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 October 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 October 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 February 28, 2003 EX-1 3 ex-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 650,000,000.00 253,900,423.90 553,150.28 9,178,275.40 9,731,425.68 A Certificate - - 1,284,403.08 - 1,284,403.08 Totals 650,000,000.00 253,900,423.90 1,837,553.36 9,178,275.40 11,015,828.76
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A - - 244,722,148.50 2.530000% 2.080000% A Certificate - - - NA NA Totals - - 244,722,148.50
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A 00755WGC4 390.616037 0.851000 14.120424 14.971424 376.495614 A Certificate 0.000000 1.976005 0.000000 1.976005 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 9,785,172.09 2,487,643.78 894,386.88 14,574,192.08 2,800,276.80 % of Pool Balance 3.69860% 0.94028% 0.33806% 5.50875% 1.05845% Number of Loans 182 45 15 244 46 % of Loans 3.90726% 0.96608% 0.32203% 5.23830% 0.98755%
Loans in Foreclosure Trust A Principal Balance 15,002,148.72 % of Pool Balance 5.67051% Number of Loans 237 % of Loans 5.08802%
General Mortgage Loan Information:
Trust A Beginning Aggregate Mortgage Loan Balance 274,071,815.71 Prefunding 0.00 Principal Reduction 9,507,330.85 Ending Aggregate Mortgage Loan Balance 264,564,484.86 Beginning Aggregate Mortgage Loan Count 4788 Ending Aggregate Mortgage Loan Count 4658 Current Weighted Average Coupon Rate 9.484774% Next Weighted Average Coupon Rate 9.484087%
Mortgage Loan Principal Reduction Information:
Trust A Scheduled Principal 577,437.28 Curtailments 68,872.53 Prepayments 7,989,787.54 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 871,233.50 Other Principal 0.00 Less: Realized Losses 434,416.51 Total Principal Reduction 9,941,747.36
Servicer Information:
Trust A Accrued Servicing Fee for the Current Period 114,196.59 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 38,370.64 Collected Servicing Fees for Current Period: 75,825.95 Advanced Principal N/A Advanced Interest 714,877.95
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 7,989,787.54 940,106.03 9,072,914.34 - - - - - - - - - Total 7,989,787.54 940,106.03 9,072,914.34 - - -
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 20,171,391.81 105,361.06 0.00 19,842,336.36
Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust A 19,842,336.36 0.00
Trust A Insured Payment 0.00 Pool Rolling six month delinquency rate 5.193311 Pool Cumulative Realized Losses 21,339,251.01 Book Value of REO loans 3,591,187.64 Cumulative Number of Mortgage loans repurchased to date 11 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 78,080.08 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: 1,413,009.18 Principal Collected: 8,636,097.35 Insurance Proceeds Received: 0.00 Net Liquidation Proceeds: 436,816.99 Delinquency Advances on Mortgage Interest: 714,877.95 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: 0.00 Trust Termination Proceeds: 0.00 Investment Earnings on Note Account: 1,227.22 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: 11,202,028.69 LESS: Servicing Fees (including PPIS): 75,825.95 Non Recoverable Advance 2,911.49 Indenture Trustee Fees: 1,598.75 Owner Trustee Fees: 277.78 Insurance Premiums: 27,505.88 Reimbursement of Delinquency Advances/Servicing Advances 78,080.08 Total Reductions to Available Funds Amount: 186,199.93 Total Available Funds: 11,015,828.76
EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4B Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total B 350,000,000.00 129,447,766.81 282,016.34 4,512,737.12 4,794,753.46 B Certificate - - 747,277.80 - 747,277.80 Totals 350,000,000.00 129,447,766.81 1,029,294.14 4,512,737.12 5,542,031.26
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next B - - 124,935,029.70 2.530000% 2.080000% B Certificate - - - NA NA Totals - - 124,935,029.70
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance B 00755WGD2 369.850762 0.805761 12.893535 13.699296 356.957228 B Certificate 0.000000 1.149658 0.000000 1.149658 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 4,921,261.69 1,033,531.61 190,800.71 8,941,488.43 2,388,097.99 % of Pool Balance 3.64363% 0.76521% 0.14127% 6.62014% 1.76811% Number of Loans 83 17 4 128 45 % of Loans 4.13965% 0.84788% 0.19950% 6.38404% 2.24439%
Loans in Foreclosure Trust B Principal Balance 7,074,090.83 % of Pool Balance 5.23755% Number of Loans 111 % of Loans 5.53616%
General Mortgage Loan Information:
Trust B Beginning Aggregate Mortgage Loan Balance 139,943,531.69 Subsequent Mortgage Loans Added This Period 0.00 Principal Reduction 4,878,634.72 Ending Aggregate Mortgage Loan Balance 135,064,896.97 Beginning Aggregate Mortgage Loan Count 2,060 Ending Aggregate Mortgage Loan Count 2,005 Current Weighted Average Coupon Rate 9.479288% Next Weighted Average Coupon Rate 9.481073%
Mortgage Loan Principal Reduction Information:
Trust B Scheduled Principal 224,814.01 Curtailments 28,068.03 Prepayments 4,020,316.48 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 605,436.20 Other Principal 0.00 Less: Realized Losses 335,557.66 Total Principal Reduction 5,214,192.38
Servicer Information:
Trust B Accrued Servicing Fee for the Current Period 58,309.81 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 19,295.03 Collected Servicing Fees for Current Period: 39,014.78 Advanced Principal N/A Advanced Interest 365,900.16
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 4,020,316.48 633,504.23 4,512,737.12 - - - - - - - - Total 4,020,316.48 633,504.23 4,512,737.12 - - -
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 10,495,764.88 0.00 0.00 10,129,867.27
Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust B 10,129,867.27 0.00
Trust B Insured Payment 0.00 Pool Rolling six month delinquency rate 6.29379 Pool Cumulative Realized Losses 13,043,715.39 Book Value of REO loans 3,026,775.55 Cumulative Number of Mortgage loans repurchased to date 8 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 27,135.00 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: 720,275.69 Principal Collected: 4,273,198.52 Insurance Proceeds Received: - Net Liquidation Proceeds: 269,878.54 Delinquency Advances on Mortgage Interest: 365,900.16 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 617.44 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: 5,629,870.35 LESS: Servicing Fees (including PPIS): 39,014.78 Non-Recoverable Advance 6,571.68 Indenture Trustee Fees: 816.34 Owner Trustee Fees: 277.78 Insurance Premiums: 14,023.51 Reimbursement of Delinquency Advances/Servicing Advances 27,135.00 Total Reductions to Available Funds Amount: 87,839.09 Total Available Funds: 5,542,031.26
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 24,319,878.53 49,842.24 499,791.78 549,634.02 C Certificate - - 291,957.21 - 291,957.21 Totals 100,000,000.00 24,319,878.53 341,799.45 499,791.78 841,591.23
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next C - - 23,820,086.75 2.380000% 1.930000% C Certificate - - - NA NA Totals - - 23,820,086.75
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance C 00755WGE0 243.198785 0.498422 4.997918 5.496339 238.200868 C Certificate 0.000000 0.449165 0.000000 0.449165 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 518,580.53 72,330.28 243,802.20 2,078,948.04 1,128,503.67 % of Pool Balance 1.94198% 0.27086% 0.91299% 7.78524% 4.22602% Number of Loans 6 1 2 25 12 % of Loans 1.82371% 0.30395% 0.60790% 7.59878% 3.64742% Loans in Foreclosure Trust C Principal Balance 2,074,616.30 % of Pool Balance 7.76902% Number of Loans 25 % of Loans 7.59878%
General Mortgage Loan Information:
Trust C Beginning Aggregate Mortgage Loan Balance 27,498,426.17 Prefunding N/A Principal Reduction 794,729.53 Ending Aggregate Mortgage Loan Balance 26,703,696.64 Beginning Aggregate Mortgage Loan Count 337 Ending Aggregate Mortgage Loan Count 329 Current Weighted Average Coupon Rate 9.177280% Next Weighted Average Coupon Rate 9.162787%
Mortgage Loan Principal Reduction Information:
Trust C Scheduled Principal 22,585.67 Curtailments 35,218.29 Prepayments 380,094.34 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 356,831.23 Other Principal 0.00 Less: Realized Losses 142,003.94 Total Principal Reduction 936,733.47
Servicer Information:
Trust C Accrued Servicing Fee for the Current Period 11,457.68 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 4,290.22 Collected Servicing Fees for Current Period: 7,167.46 Advanced Principal N/A Advanced Interest 75,245.37
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 380,094.34 392,049.52 499,791.78 - - - - - - - - -
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 3,178,547.64 0.00 0.00 2,883,609.89
Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust C 2,883,609.89 0.00
Trust C Insured Payment 0.00 Pool Rolling six month delinquency rate 11.933097 Pool Cumulative Realized Losses 3,435,195.67 Book Value of REO loans 1,368,634.04 Cumulative Number of Mortgage loans repurchased to date 3 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 4,767.50 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: 130,765.05 Principal Collected: 437,898.30 Insurance Proceeds Received: - Net Liquidation Proceeds: 214,827.29 Delinquency Advances on Mortgage Interest: 75,245.37 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 93.89 Unreimbursed Delq/Servicing Advances Paid Back to CertificateHolders - Sum of the Above Amounts: 858,829.90 LESS: Servicing Fees (including PPIS): 7,167.46 Non-Recoverable Advance 1,724.20 Indenture Trustee Fees: 160.41 Owner Trustee Fees: 277.78 Insurance Premiums: 3,141.32 Reimbursement of Delinquency Advances/Servicing Advances 4,767.50 Total Reductions to Available Funds Amount: 17,238.67 Total Available Funds: 841,591.23
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