-----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, EbkYX+bxDErWp8qH1cYF+WJJ63PX14YepJNX1/MLtqGvvHaeGvKLa9/NbBbbViru GJrO2NxDNUrQFCtuLSgLOg== 0000950116-03-002025.txt : 20030324 0000950116-03-002025.hdr.sgml : 20030324 20030324160823 ACCESSION NUMBER: 0000950116-03-002025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030225 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 1998-4C 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: 03614100 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: 03614101 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 1998-4A 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: 03614102 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 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: February 25, 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 January, 2003 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 January 2003 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 January 2003 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 650,000,000.00 232,656,920.81 384,592.45 7,135,345.38 7,519,937.83 A Certificate - - 1,459,713.35 - 1,459,713.35 Totals 650,000,000.00 232,656,920.81 1,844,305.80 7,135,345.38 8,979,651.18
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A - - 225,521,575.43 2.052500% 2.036250% A Certificate - - - NA NA Totals - - 225,521,575.43
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A 00755WGC4 357.933724 0.591681 10.977454 11.569135 346.956270 A Certificate 0.000000 2.245713 0.000000 2.245713 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 9,575,905.87 1,855,301.99 482,822.92 15,095,948.35 3,738,402.88 % of Pool Balance 3.92766% 0.76097% 0.19803% 6.19176% 1.53334% Number of Loans 175 38 13 251 66 % of Loans 4.01008% 0.87076% 0.29789% 5.75160% 1.51237% Loans in Foreclosure Trust A Principal Balance 14,846,236.69 % of Pool Balance 6.08934% Number of Loans 249 % of Loans 5.70577%
General Mortgage Loan Information:
Trust A Beginning Aggregate Mortgage Loan Balance 251,520,995.47 Prefunding 0.00 Principal Reduction 7,713,886.90 Ending Aggregate Mortgage Loan Balance 243,807,108.57 Beginning Aggregate Mortgage Loan Count 4473 Ending Aggregate Mortgage Loan Count 4364 Current Weighted Average Coupon Rate 9.489851% Next Weighted Average Coupon Rate 9.487295%
Mortgage Loan Principal Reduction Information:
Trust A Scheduled Principal 509,056.21 Curtailments 110,720.89 Prepayments 5,691,432.21 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 1,402,677.59 Other Principal 0.00 Less: Realized Losses 565,700.96 Total Principal Reduction 8,279,587.86
Servicer Information:
Trust A Accrued Servicing Fee for the Current Period 104,800.41 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 36,501.65 Collected Servicing Fees for Current Period: 68,298.76 Advanced Principal N/A Advanced Interest 679,328.62
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 5,691,432.21 1,513,398.48 7,135,345.38 - - - - - - - - - Total 5,691,432.21 1,513,398.48 7,135,345.38 - - - 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 YES 0.00 18,864,074.66 0.00 0.00 18,285,533.14 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust A 18,285,533.14 0.00
Trust A Insured Payment 0.00 Pool Rolling six month delinquency rate 6.077014 Pool Cumulative Realized Losses 22,747,229.45 Book Value of REO loans 4,698,116.09 Cumulative Number of Mortgage loans repurchased to date 11 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 22,405.06 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: 1,273,167.29 Principal Collected: 6,311,209.31 Insurance Proceeds Received: 0.00 Net Liquidation Proceeds: 836,976.63 Delinquency Advances on Mortgage Interest: 679,328.62 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: 0.00 Trust Termination Proceeds: 0.00 Investment Earnings on Note Account: 1,275.85 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: 9,101,957.70 LESS: Servicing Fees (including PPIS): 68,298.76 Non Recoverable Advance 4,653.21 Indenture Trustee Fees: 1,467.21 Owner Trustee Fees: 277.78 Insurance Premiums: 25,204.50 Reimbursement of Delinquency Advances/Servicing Advances 22,405.06 Total Reductions to Available Funds Amount: 122,306.52 Total Available Funds: 8,979,651.18
EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4B Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total B 350,000,000.00 114,594,753.20 189,064.54 5,278,782.90 5,467,847.44 B Certificate - - 726,774.04 - 726,774.04 Totals 350,000,000.00 114,594,753.20 915,838.58 5,278,782.90 6,194,621.48
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next B - - 109,315,970.31 2.052500% 2.036250% B Certificate - - - NA NA Totals - - 109,315,970.31
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance B 00755WGD2 327.413581 0.540184 15.082237 15.622421 312.331344 B Certificate 0.000000 1.118114 0.000000 1.118114 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 3,749,333.50 1,321,873.98 23,075.40 6,454,436.35 2,102,875.65 % of Pool Balance 3.17258% 1.11853% 0.01953% 5.46156% 1.77939% Number of Loans 67 14 3 110 33 % of Loans 3.66922% 0.76670% 0.16429% 6.02410% 1.80723% Loans in Foreclosure Trust B Principal Balance 7,913,371.77 % of Pool Balance 6.69607% Number of Loans 122 % of Loans 6.68127%
General Mortgage Loan Information:
Trust B Beginning Aggregate Mortgage Loan Balance 123,886,219.68 Subsequent Mortgage Loans Added This Period 0.00 Principal Reduction 5,706,792.32 Ending Aggregate Mortgage Loan Balance 118,179,427.36 Beginning Aggregate Mortgage Loan Count 1,890 Ending Aggregate Mortgage Loan Count 1,826 Current Weighted Average Coupon Rate 9.490426% Next Weighted Average Coupon Rate 9.506857%
Mortgage Loan Principal Reduction Information:
Trust B Scheduled Principal 204,827.59 Curtailments 153,756.84 Prepayments 4,427,492.26 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 920,715.63 Other Principal 0.00 Less: Realized Losses 370,935.31 Total Principal Reduction 6,077,727.63
Servicer Information:
Trust B Accrued Servicing Fee for the Current Period 51,619.26 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 17,248.51 Collected Servicing Fees for Current Period: 34,370.75 Advanced Principal N/A Advanced Interest 325,492.87
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 B 4,427,492.26 1,074,472.47 5,278,782.90 - - - - - - - - Total 4,427,492.26 1,074,472.47 5,278,782.90 - - - 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 YES 0.00 9,291,466.48 0.00 0.00 8,863,457.05 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust B 8,863,457.05 0.00
Trust B Insured Payment 0.00 Pool Rolling six month delinquency rate 6.889572 Pool Cumulative Realized Losses 14,297,734.96 Book Value of REO loans 2,744,644.87 Cumulative Number of Mortgage loans repurchased to date 8 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 51,556.45 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: 636,629.38 Principal Collected: 4,786,076.69 Insurance Proceeds Received: - Net Liquidation Proceeds: 549,780.32 Delinquency Advances on Mortgage Interest: 325,492.87 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 879.47 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: 6,298,858.73 LESS: Servicing Fees (including PPIS): 34,370.75 Non-Recoverable Advance 4,895.17 Indenture Trustee Fees: 722.67 Owner Trustee Fees: 277.78 Insurance Premiums: 12,414.43 Reimbursement of Delinquency Advances/Servicing Advances 51,556.45 Total Reductions to Available Funds Amount: 104,237.25 Total Available Funds: 6,194,621.48
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 21,921,392.35 33,596.06 949,822.60 983,418.66 C Certificate - - 226,837.85 - 226,837.85 Totals 100,000,000.00 21,921,392.35 260,433.91 949,822.60 1,210,256.51
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next C - - 20,971,569.75 1.902500% 1.886250% C Certificate - - - NA NA Totals - - 20,971,569.75
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance C 00755WGE0 219.213924 0.335961 9.498226 9.834187 209.715698 C Certificate 0.000000 0.348981 0.000000 0.348981 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 735,713.77 184,717.23 0.00 1,762,022.90 757,825.07 % of Pool Balance 3.16719% 0.79519% 0.00000% 7.58537% 3.26238% Number of Loans 10 3 0 22 8 % of Loans 3.42466% 1.02740% 0.00000% 7.53425% 2.73973% Loans in Foreclosure Trust C Principal Balance 1,961,143.89 % of Pool Balance 8.44257% Number of Loans 24 % of Loans 8.21918%
General Mortgage Loan Information:
Trust C Beginning Aggregate Mortgage Loan Balance 24,446,055.52 Prefunding N/A Principal Reduction 1,216,835.13 Ending Aggregate Mortgage Loan Balance 23,229,220.39 Beginning Aggregate Mortgage Loan Count 304 Ending Aggregate Mortgage Loan Count 292 Current Weighted Average Coupon Rate 9.137017% Next Weighted Average Coupon Rate 9.174496%
Mortgage Loan Principal Reduction Information:
Trust C Scheduled Principal 16,487.51 Curtailments 1,940.22 Prepayments 684,365.89 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 514,041.51 Other Principal 0.00 Less: Realized Losses 175,909.68 Total Principal Reduction 1,392,744.81
Servicer Information:
Trust C Accrued Servicing Fee for the Current Period 10,185.86 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 3,651.13 Collected Servicing Fees for Current Period: 6,534.73 Advanced Principal N/A Advanced Interest 64,192.04
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 684,365.89 515,981.73 949,822.60 - - - - - - - - - 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 YES 2,524,663.17 0.00 0.00 2,257,650.64 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust C 2,257,650.64 0.00
Trust C Insured Payment 0.00 Pool Rolling six month delinquency rate 11.644344 Pool Cumulative Realized Losses 3,749,545.53 Book Value of REO loans 952,196.14 Cumulative Number of Mortgage loans repurchased to date 3 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 2,356.95 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: 118,293.53 Principal Collected: 702,793.62 Insurance Proceeds Received: - Net Liquidation Proceeds: 338,131.83 Delinquency Advances on Mortgage Interest: 64,192.04 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 171.84 Unreimbursed Delq/Servicing Advances Paid Back to CertificateHolders - Sum of the Above Amounts: 1,223,582.86 LESS: Servicing Fees (including PPIS): 6,534.73 Non-Recoverable Advance 1,182.78 Indenture Trustee Fees: 142.60 Owner Trustee Fees: 277.78 Insurance Premiums: 2,831.51 Reimbursement of Delinquency Advances/Servicing Advances 2,356.95 Total Reductions to Available Funds Amount: 13,326.35 Total Available Funds: 1,210,256.51
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