-----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, FmYMLYkWd22fqzqCg5u2WG63PqQco5cMwL36jSJQ1Intuzo7If8i7ByNbLHWzS2p TuJsPtfYbBkwMptIdc1qAA== 0000950116-03-002024.txt : 20030324 0000950116-03-002024.hdr.sgml : 20030324 20030324160635 ACCESSION NUMBER: 0000950116-03-002024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030127 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: 03614078 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: 03614079 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: 03614080 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 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: January 27, 2003 ---------------- 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 December, 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 December 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 December 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 650,000,000.00 239,242,816.08 450,504.79 6,585,895.27 7,036,400.06 A Certificate - - 1,570,021.39 - 1,570,021.39 Totals 650,000,000.00 239,242,816.08 2,020,526.18 6,585,895.27 8,606,421.45
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A - - 232,656,920.81 2.120000% 2.052500% A Certificate - - - NA NA Totals - - 232,656,920.81
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A 00755WGC4 368.065871 0.693084 10.132147 10.825231 357.933724 A Certificate 0.000000 2.415418 0.000000 2.415418 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 10,831,735.82 2,231,338.46 777,185.76 15,463,824.54 3,369,059.91 % of Pool Balance 4.30649% 0.88714% 0.43017% 6.14812% 1.33947% Number of Loans 205 38 15 253 60 % of Loans 4.58305% 0.84954% 0.48140% 5.65616% 1.34138% Loans in Foreclosure Trust A Principal Balance 14,469,639.69 % of Pool Balance 5.75286% Number of Loans 240 % of Loans 5.36553%
General Mortgage Loan Information:
Trust A Beginning Aggregate Mortgage Loan Balance 258,640,882.25 Prefunding 0.00 Principal Reduction 7,119,886.78 Ending Aggregate Mortgage Loan Balance 251,520,995.47 Beginning Aggregate Mortgage Loan Count 4570 Ending Aggregate Mortgage Loan Count 4473 Current Weighted Average Coupon Rate 9.485458% Next Weighted Average Coupon Rate 9.489851%
Mortgage Loan Principal Reduction Information:
Trust A Scheduled Principal 518,466.38 Curtailments 37,545.77 Prepayments 5,934,323.40 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 629,551.23 Other Principal 0.00 Less: Realized Losses 363,911.32 Total Principal Reduction 7,483,798.10
Servicer Information:
Trust A Accrued Servicing Fee for the Current Period 107,767.03 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 38,360.92 Collected Servicing Fees for Current Period: 69,406.11 Advanced Principal N/A Advanced Interest 715,111.14
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 5,934,323.40 667,097.00 6,585,895.27 - - - - - - - - - Total 5,934,323.40 667,097.00 6,585,895.27 - - - 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 19,398,066.17 0.00 0.00 18,864,074.66 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust A 18,864,074.66 0.00
Trust A Insured Payment 0.00 Pool Rolling six month delinquency rate 5.782943 Pool Cumulative Realized Losses 22,181,528.49 Book Value of REO loans 4,248,083.48 Cumulative Number of Mortgage loans repurchased to date 11 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 54,224.32 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: 1,290,632.31 Principal Collected: 6,490,335.55 Insurance Proceeds Received: 0.00 Net Liquidation Proceeds: 265,639.91 Delinquency Advances on Mortgage Interest: 715,111.14 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: 0.00 Trust Termination Proceeds: 0.00 Investment Earnings on Note Account: 1,678.83 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: 8,763,397.74 LESS: Servicing Fees (including PPIS): 69,406.11 Non Recoverable Advance 5,641.37 Indenture Trustee Fees: 1,508.74 Owner Trustee Fees: 277.78 Insurance Premiums: 25,917.97 Reimbursement of Delinquency Advances/Servicing Advances 54,224.32 Total Reductions to Available Funds Amount: 156,976.29 Total Available Funds: 8,606,421.45
EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4B Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total B 350,000,000.00 120,739,467.65 226,307.41 6,144,714.45 6,371,021.86 B Certificate - - 641,070.46 - 641,070.46 Totals 350,000,000.00 120,739,467.65 867,377.87 6,144,714.45 7,012,092.32
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next B - - 114,594,753.19 2.120000% 2.052500% B Certificate - - - NA NA Totals - - 114,594,753.19
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance B 00755WGD2 344.969908 0.646593 17.556327 18.202920 327.413582 B Certificate 0.000000 0.986262 0.000000 0.986262 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 4,739,179.18 1,347,153.89 126,178.38 7,276,452.33 2,447,250.92 % of Pool Balance 3.82543% 1.08741% 0.10185% 5.87350% 1.97540% Number of Loans 71 24 4 118 40 % of Loans 3.75661% 1.26984% 0.21164% 6.24339% 2.11640% Loans in Foreclosure Trust B Principal Balance 7,352,748.89 % of Pool Balance 5.93508% Number of Loans 112 % of Loans 5.92593%
General Mortgage Loan Information:
Trust B Beginning Aggregate Mortgage Loan Balance 130,529,154.22 Subsequent Mortgage Loans Added This Period 0.00 Principal Reduction 6,642,934.54 Ending Aggregate Mortgage Loan Balance 123,886,219.68 Beginning Aggregate Mortgage Loan Count 1,952 Ending Aggregate Mortgage Loan Count 1,890 Current Weighted Average Coupon Rate 9.478167% Next Weighted Average Coupon Rate 9.490426%
Mortgage Loan Principal Reduction Information:
Trust B Scheduled Principal 214,337.51 Curtailments 30,943.93 Prepayments 5,523,875.32 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 873,777.78 Other Principal 0.00 Less: Realized Losses 548,347.80 Total Principal Reduction 7,191,282.34
Servicer Information:
Trust B Accrued Servicing Fee for the Current Period 54,387.15 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 18,344.16 Collected Servicing Fees for Current Period: 36,042.99 Advanced Principal N/A Advanced Interest 346,374.98
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 5,523,875.32 904,721.71 6,094,586.74 - - - - - - - - Total 5,523,875.32 904,721.71 6,094,586.74 - - - 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 9,789,686.57 50,127.71 0.00 9,291,466.48 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust B 9,291,466.48 0.00
Trust B Insured Payment 0.00 Pool Rolling six month delinquency rate 6.669534 Pool Cumulative Realized Losses 13,926,799.65 Book Value of REO loans 3,110,976.60 Cumulative Number of Mortgage loans repurchased to date 8 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 38,381.55 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: 665,042.35 Principal Collected: 5,769,156.76 Insurance Proceeds Received: - Net Liquidation Proceeds: 325,429.98 Delinquency Advances on Mortgage Interest: 346,374.98 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 1,366.17 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: 7,107,370.24 LESS: Servicing Fees (including PPIS): 36,042.99 Non-Recoverable Advance 6,734.07 Indenture Trustee Fees: 761.42 Owner Trustee Fees: 277.78 Insurance Premiums: 13,080.11 Reimbursement of Delinquency Advances/Servicing Advances 38,381.55 Total Reductions to Available Funds Amount: 95,277.92 Total Available Funds: 7,012,092.32
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 23,181,172.64 40,592.81 1,259,780.29 1,300,373.10 C Certificate - - 252,474.09 - 252,474.09 Totals 100,000,000.00 23,181,172.64 293,066.90 1,259,780.29 1,552,847.19
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next C - - 21,921,392.35 1.970000% 1.902500% C Certificate - - - NA NA Totals - - 21,921,392.35
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance C 00755WGE0 231.811726 0.405928 12.597803 13.003731 219.213924 C Certificate 0.000000 0.388422 0.000000 0.388422 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 707,515.92 402,522.70 58,412.33 2,030,383.30 1,290,243.97 % of Pool Balance 2.89419% 1.64658% 0.23894% 8.30557% 5.27792% Number of Loans 10 5 1 24 12 % of Loans 3.28947% 1.64474% 0.32895% 7.89474% 3.94737% Loans in Foreclosure Trust C Principal Balance 1,584,211.58 % of Pool Balance 6.48044% Number of Loans 19 % of Loans 6.25000%
General Mortgage Loan Information:
Trust C Beginning Aggregate Mortgage Loan Balance 25,893,926.83 Prefunding N/A Principal Reduction 1,447,871.31 Ending Aggregate Mortgage Loan Balance 24,446,055.52 Beginning Aggregate Mortgage Loan Count 318 Ending Aggregate Mortgage Loan Count 304 Current Weighted Average Coupon Rate 9.137711% Next Weighted Average Coupon Rate 9.144816%
Mortgage Loan Principal Reduction Information:
Trust C Scheduled Principal 20,475.44 Curtailments 40,714.12 Prepayments 1,073,172.55 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 313,509.00 Other Principal 0.00 Less: Realized Losses 75,937.47 Total Principal Reduction 1,523,808.58
Servicer Information:
Trust C Accrued Servicing Fee for the Current Period 10,789.13 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 4,106.24 Collected Servicing Fees for Current Period: 6,682.89 Advanced Principal N/A Advanced Interest 71,760.97
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 1,073,172.55 354,223.32 1,259,780.29 - - - - - - - - - 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 2,712,754.19 0.00 0.00 2,524,663.17 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust C 2,524,663.17 0.00
Trust C Insured Payment 0.00 Pool Rolling six month delinquency rate 11.816849 Pool Cumulative Realized Losses 3,573,635.85 Book Value of REO loans 1,576,203.93 Cumulative Number of Mortgage loans repurchased to date 3 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 1,170.25 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: 121,308.80 Principal Collected: 1,134,362.11 Insurance Proceeds Received: - Net Liquidation Proceeds: 237,571.73 Delinquency Advances on Mortgage Interest: 71,760.97 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 302.56 Unreimbursed Delq/Servicing Advances Paid Back to CertificateHolders - Sum of the Above Amounts: 1,565,306.17 LESS: Servicing Fees (including PPIS): 6,682.89 Non-Recoverable Advance 1,182.78 Indenture Trustee Fees: 151.05 Owner Trustee Fees: 277.78 Insurance Premiums: 2,994.23 Reimbursement of Delinquency Advances/Servicing Advances 1,170.25 Total Reductions to Available Funds Amount: 12,458.98 Total Available Funds: 1,552,847.19
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