-----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, VOVBfldPEsQQHviZH1HUM0TP1QXfzZE5DbnT0NooP4noizXhdbl6zrYOHNgTzc+F aslU9Axqrq1j+pK4t6zgjg== 0001095226-00-000009.txt : 20000203 0001095226-00-000009.hdr.sgml : 20000203 ACCESSION NUMBER: 0001095226-00-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000131 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000202 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: SEC FILE NUMBER: 333-52351-02 FILM NUMBER: 520688 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 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 25, 2000 ADVANTA Mortgage Loan Trust 1998-4A, 1998-4B, 1998-4C New York 333-52351-02 "Pending" 333-52351-03 333-52351-04 c/o ADVANTA Mortgage Corp., USA 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 1999 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 1999 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 1999 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 Advanta Mortgage January 31, 2000 EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4A Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total A 650,000,000 541,014,86 3,129,71 9,593,9 12,723,647.92 A Certificate 966,1 966,114.52 Totals 650,000,000 541,014,86 4,095,82 9,593,9 13,689,762.44
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A 531,420,934. 7.181250% 6.513750% A Certificate NA NA Totals 531,420,934.60
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A 00755WGC4 832.330566 4.814946 14.759897 19.574843 817.570669 A Certificate 0.000000 1.486330 0.000000 1.486330 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 Balan 13,850,674.07 3,484,205.32 914,653.37 8,121,332.97 2,227,538.03 % of Pool Balan 2.49038% 0.62647% 0.16446% 1.46023% 0.40052% Number of Loans 263 65 29 132 42 % of Loans 2.98796% 0.73847% 0.32947% 1.49966% 0.47716% Loans in Foreclosure Trust A Principal Balan 11,917,188.99 % of Pool Balan 2.14274% Number of Loans 224 % of Loans 2.54488%
General Mortgage Loan Information:
Trust A Beginning Aggregate Mortgage Loan Balance 565,761,087.67 Prefunding 0.00 Principal Reduction 9,593,933.27 Ending Aggregate Mortgage Loan Balance 556,167,154.40 Beginning Aggregate Mortgage Loan Count 8953 Ending Aggregate Mortgage Loan Count 8802 Current Weighted Average Coupon Rate 9.611112% Next Weighted Average Coupon Rate 9.599919%
Mortgage Loan Principal Reduction Information:
Trust A Scheduled Principal 1,141,344.00 Curtailments 0.00 Prepayments 7,779,776.67 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 672,812.60 Other Principal 0.00 Less: Realized Losses (94,520.88) Total Principal Reduction 9,499,412.39
Servicer Information:
Trust A Accrued Servicing Fee for the Current Period 235,733.78 Less: Amounts to Cover Interest Shortfalls 13,756.21 Less: Delinquent Service Fees 61,241.97 Collected Servicing Fees for Current Period: 160,735.60 Advanced Principal N/A Advanced Interest 1,186,923.34
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 7,779,7 672 9,499,41 - - Total 7,779,7 672 9,499,41 - 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 94,520.88 0.00 24,746,219.80 Total 24,746,219 94 0.00 24,746,219.80 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust A 24,746,219.80 0.00 Total 24,746,219.80 0.00
Trust A Insured Payment 0.00 Pool Rolling six month delinquency rate 0.020141 Pool Cumulative Realized Losses - Average of 12 preceeding remittance periods 0.00% Pool Cumulative Realized Losses - Percentage of the original aggregate loan balance 0.00% Book Value of REO loans 0.00 Cumulative Number of Mortgage loans repurchased to date 11 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 54,238.59 Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 3,283,162.29 Principal Collected: 8,921,120.67 Insurance Proceeds Received: - Net Liquidation Proceeds: 578,291.72 Delinquency Advances on Mortgage Interest: 1,186,923.34 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 12,491.00 Capitalized Interest Requirement: - Capitalized Interest Fund Earnings 0.00 Capitalized Interest Account 0.00 Investment Earnings on Pre-Funding Account 0.00 Remaining Pre-Funding Account: - Sum of the Above Amounts: 13,981,989.02 LESS: Servicing Fees (including PPIS): 174,491.81 Non Recoverable Advance 1,308.19 Indenture Trustee Fees: 3,300.27 Owner Trustee Fees: 277.78 Insurance Premiums: 58,609.94 Reimbursement of Delinquency Advances/Servicin 54,238.59 Total Reductions to Available Funds Amount: 292,226.58 Total Available Funds: 13,689,762.44
EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4B Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total B 350,000,000 294,456,45 1,703,39 7,117,4 8,820,885.27 B Certificate 573,9 573,902.65 Totals 350,000,000 294,456,45 2,277,30 7,117,4 9,394,787.92
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next B 287,338,966. 7.181250% 6.513750% B Certificate NA NA Totals 287,338,966.81
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance B 00755WGD2 841.304149 4.866857 20.335672 25.202529 820.968477 B Certificate 0.000000 0.882927 0.000000 0.882927 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 Balan 7,846,987.69 1,787,006.38 763,758.15 4,171,591.18 1,591,138.06 % of Pool Balan 2.60989% 0.59435% 0.25402% 1.38746% 0.52921% Number of Loans 137 37 9 69 23 % of Loans 3.43617% 0.92802% 0.22573% 1.73062% 0.57687% Loans in Foreclosure Trust B Principal Balan 8,836,833.91 % of Pool Balan 2.93911% Number of Loans 132 % of Loans 3.31076%
General Mortgage Loan Information:
Trust B Beginning Aggregate Mortgage Loan Balance 307,781,325.28 Subsequent Mortgage Loans Added This Period 0.00 Principal Reduction 7,117,485.37 Ending Aggregate Mortgage Loan Balance 300,663,839.91 Beginning Aggregate Mortgage Loan Count 4,070 Ending Aggregate Mortgage Loan Count 3,987 Current Weighted Average Coupon Rate 9.625736% Next Weighted Average Coupon Rate 9.608543%
Mortgage Loan Principal Reduction Information:
Trust B Scheduled Principal 367,253.50 Curtailments 0.00 Prepayments 6,679,108.30 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 71,123.57 Other Principal 0.00 Less: Realized Losses (29,911.96) Total Principal Reduction 7,087,573.41
Servicer Information:
Trust B Accrued Servicing Fee for the Current Period 128,242.21 Less: Amounts to Cover Interest Shortfalls 5,499.21 Less: Delinquent Service Fees 32,338.51 Collected Servicing Fees for Current Period: 90,404.49 Advanced Principal N/A Advanced Interest 633,696.61
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 6,679,1 7 7,087,57 - - - Total 6,679,1 7 7,087,57 - Unpaid Realized Loss Amount Class B - - 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 B NO 0.00 13,324,873.10 29,911.96 0.00 13,324,873.10 Total 13,324,873 29 0.00 13,324,873.10 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust B 13,324,873.10 0.00 Total 13,324,873.10 0.00
Trust B Insured Payment 0.00 Pool Rolling six month delinquency rate 0.03 Pool Cumulative Realized Losses - Average of 12 preceeding remittance periods 0.00% Pool Cumulative Realized Losses - Percentage of the original aggregate loan balance 0.00% Book Value of REO loans 0 Cumulative Number of Mortgage loans repurchased to date 8 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 7986.17 Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 1,802,816.39 Principal Collected: 7,046,361.80 Insurance Proceeds Received: - Net Liquidation Proceeds: 41,211.61 Delinquency Advances on Mortgage Interest: 633,696.61 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 8,564.00 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 0.00 Sum of the Above Amounts: 9,532,650.41 LESS: Servicing Fees (including PPIS): 95,903.70 Non-Recoverable Advance - Indenture Trustee Fees: 1,795.39 Owner Trustee Fees: 277.78 Insurance Premiums: 31,899.45 Reimbursement of Delinquency Advances/Servicin 7,986.17 Total Reductions to Available Funds Amount: 137,862.49 Total Available Funds: 9,394,787.92
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 79,807,4 452,0 2,199,1 2,651,159.72 C Certificate 179,2 179,223.91 Totals 100,000,000 79,807,4 631,2 2,199,1 2,830,383.63
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next C 77,608,362 7.031250% 6.363750% C Certificate NA NA Totals 77,608,362.37
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance C 00755WGE0 798.074875 4.520346 21.991251 26.511597 776.083624 C Certificate 0.000000 0.275729 0.000000 0.275729 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 Balan 2,280,611.01 1,316,996.38 278,781.01 1,867,084.43 682,937.76 % of Pool Balan 2.76520% 1.59683% 0.33802% 2.26381% 0.82805% Number of Loans 24 14 2 22 6 % of Loans 2.70270% 1.57658% 0.22523% 2.47748% 0.67568% Loans in Foreclosure Trust C Principal Balan 3,110,977.24 % of Pool Balan 3.77200% Number of Loans 40 % of Loans 4.50450%
General Mortgage Loan Information:
Trust C Beginning Aggregate Mortgage Loan Balance 84,674,572.69 Prefunding N/A Principal Reduction 2,199,125.12 Ending Aggregate Mortgage Loan Balance 82,475,447.57 Beginning Aggregate Mortgage Loan Count 908 Ending Aggregate Mortgage Loan Count 888 Current Weighted Average Coupon Rate 9.566586% Next Weighted Average Coupon Rate 9.561788%
Mortgage Loan Principal Reduction Information:
Trust C Scheduled Principal 148,193.48 Curtailments 0.00 Prepayments 2,050,931.64 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 0.00 Other Principal 0.00 Less: Realized Losses 0.00 Total Principal Reduction 2,199,125.12
Servicer Information:
Trust C Accrued Servicing Fee for the Current Period 35,281.08 Less: Amounts to Cover Interest Shortfalls 911.71 Less: Delinquent Service Fees 9,033.51 Collected Servicing Fees for Current Period: 25,335.86 Advanced Principal N/A Advanced Interest 171,128.78
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 2,050,9 2,199,12 - - . - Total 2,050,9 2,199,12 - Unpaid Realized Loss Amount Class C - - Total -
Prior Current Has a Over- Accelerated Extra Over Trigger Event Collateral Principal Principal Collateral Occurred Amount Distributed Distributed Amount Trust C NO 4,867,085.20 0.00 0.00 4,867,085.20 Total 4,867,08 0.00 4,867,085.20 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust C 4,867,085.20 0.00 Total 4,867,085.20 0.00
Trust C Insured Payment 0.00 Pool Rolling six month delinquency rate 0.04 Pool Cumulative Realized Losses - Average of 12 preceeding remittance periods 0.00% Pool Cumulative Realized Losses - Percentage of the original aggregate loan balance 0.00% Book Value of REO loans 0.00 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
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 494,876.49 Principal Collected: 2,199,125.12 Insurance Proceeds Received: - Net Liquidation Proceeds: - Delinquency Advances on Mortgage Interest: 171,128.78 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 2,581.00 Sum of the Above Amounts: 2,867,711.39 LESS: Servicing Fees (including PPIS): 26,247.57 Non-Recoverable Advance - Indenture Trustee Fees: 493.94 Owner Trustee Fees: 277.78 Insurance Premiums: 10,308.47 Reimbursement of Delinquency Advances/Servicin - Total Reductions to Available Funds Amount: 37,327.76 Total Available Funds: 2,830,383.63
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