-----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, ICXf+e5eVYKkrrkbCTzPg6S2ubVS98S81CXRszVo0i8Bgj40s2fnf/yjF55xRLjQ /LMAsJWq8GuYmssqSgaBZw== 0001064357-99-000033.txt : 19990802 0001064357-99-000033.hdr.sgml : 19990802 ACCESSION NUMBER: 0001064357-99-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990731 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990730 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA MORTGAGE LOAN TRUST 1999-1 CENTRAL INDEX KEY: 0001080337 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-52351-05 FILM NUMBER: 99673936 BUSINESS ADDRESS: STREET 1: C/O ADVANTA MORTGAGE CORP USA STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 2156574000 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: July 26, 1999 ADVANTA Mortgage Loan Trust 1999-1 New York 333-52351-05 Pending 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 June, 1999 Monthly Period of the Trust in respect of the Mortgage Loan Asset-Backed Certificates, Series 1999-1 Class A (the "Certificates") issued by the Registrant and the performance of the Trust (including distributions of principal and interest, delinquent balances of Home Equity 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 March 1, 1999 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 June, 1999 Monthly period relating to the Mortgage Loan Asset- Backed Certificates Series 1999-1, Class A issued by the ADVANTA Mortgage Loan Trust 1999-1. EXHIBIT INDEX Exhibit 1. Monthly Report for the June, 1999 Monthly Period relating to the Mortgage Loan Asset-Backed Certificates, Series 1999-1, Class A issued by the ADVANTA Mortgage Loan Trust 1999-1. 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 1999-1 BY: ADVANTA Mortgage Corp., USA BY: /s/ H. John Berens H. John Berens Senior Vice President Advanta Mortgage July 30, 1999 EXHIBIT 1 ADVANTA Mortgage Loan Trust 1999-1 Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total A-1 125,000,000 111,914,004. 558,6 6,828,358 7,386,996.35 A-2 82,000,00 82,000,000 408,6 408,633.33 A-3 44,000,00 44,000,000 223,6 223,666.67 A-4 83,000,00 83,000,000 435,7 435,750.00 A-5 26,000,00 26,000,000 145,8 145,816.67 A-6 40,000,00 40,000,000 211,0 211,000.00 A-7 400,000,000 383,645,288. 1,771,56 9,660,196 11,431,758.81 B - BS - R - Totals 800,000,000 770,559,292. 3,755,06 16,488,555. 20,243,621.83
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A-1 105,085,645. 5.990000% 5.990000% A-2 82,000,000 5.980000% 5.980000% A-3 44,000,000 6.100000% 6.100000% A-4 83,000,000 6.300000% 6.300000% A-5 26,000,000 6.730000% 6.730000% A-6 40,000,000 6.330000% 6.330000% A-7 373,985,091. 5.362500% 5.433750% B 0.000000% 0.000000% BS 0.000000% 0.000000% R 0.000000% 0.000000% Totals 754,070,736.69
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A-1 00755WGF7 895.312035 4.469099 54.626872 59.095971 840.685163 A-2 00755WGG5 1,000.000000 4.983333 0.000000 4.983333 1,000.000000 A-3 00755WGH3 1,000.000000 5.083333 0.000000 5.083333 1,000.000000 A-4 00755WGJ9 1,000.000000 5.250000 0.000000 5.250000 1,000.000000 A-5 00755WGK6 1,000.000000 5.608333 0.000000 5.608333 1,000.000000 A-6 00755WGL4 1,000.000000 5.275000 0.000000 5.275000 1,000.000000 A-7 00755WGM2 959.113220 4.428905 24.150492 28.579397 934.962728 B 0.000000 0.000000 0.000000 0.000000 0.000000 BS 0.000000 0.000000 0.000000 0.000000 0.000000 R 0.000000 0.000000 0.000000 0.000000 0.000000
Delinquent Loan Information:
90+ Days Loans Loans 30-59 60-89 excldg f/c,REO in in Days Days & Bkrptcy Bankruptcy REO Group I Principal Balan 9,924,53 2,670,63 219,36 1,930,24 74,5 % of Pool Balan 2.57997% 0.69425% 0.05702% 0.50178% 0.01937% Number of Loans 189 48 8 29 2 % of Loans 3.07317% 0.78049% 0.13008% 0.47154% 0.03252% Group 2 Principal Balan 13,681,820 2,564,78 669,74 1,135,59 110,55 % of Pool Balan 3.61769% 0.67817% 0.17709% 0.30027% 0.02923% Number of Loans 153 36 7 16 2 % of Loans 3.74908% 0.88214% 0.17153% 0.39206% 0.04901% Loans in Foreclosure Group I Principal Balan 4,570,652.83 % of Pool Balan 1.18818% Number of Loans 72 % of Loans 1.17073% Group 2 Principal Balan 7,775,375.59 % of Pool Balan 2.05593% Number of Loans 99 % of Loans 2.42588%
General Mortgage Loan Information:
Group 1 Group II Total Beginning Aggregate Mortgage Loan Balance 390,359,295. 386,632,970. 776,992,265. Subsequent Mortgage Loans Added This Period 0.00 0.00 0.00 Principal Reduction 5,682,972 8,440,59 14,123,565. Ending Aggregate Mortgage Loan Balance 384,676,322. 378,192,377. 762,868,699. Beginning Aggregate Mortgage Loan Count 6223 4150 10,373 Ending Aggregate Mortgage Loan Count 6150 4081 10,231 Current Weighted Average Coupon Rate 10.252341% 9.913541% 10.083753% Next Weighted Average Coupon Rate 10.246858% 9.904780% 10.077273%
Mortgage Loan Principal Reduction Information:
Group 1 Group II Total Scheduled Principal 708,10 424,3 1,132,476 Curtailments (1, (1,9 Prepayments 4,974,867 7,959,74 12,934,608. Repurchases/Substitutions 0.00 0.00 Liquidation Proceeds 0.00 58,479.28 58,479.28 Other Principal 0.00 0.00 0.00 Amounts Remaining in Pre-Funding Account at end of pre-funding p 0.00 0.00 0.00 Less: Realized Losses 0.00 0.00 0.00 Total Principal Reduction 5,682,972.45 8,440,592.97 14,123,565.42
Servicer Information:
Group I Group II Total Accrued Servicing Fee for the Current Period 162,64 161,0 323,74 Less: Amounts to Cover Interest Shortfalls 1,2 2,492.27 3,7 Less: Delinquent Service Fees 36,4 36,2 72,6 Collected Servicing Fees for Current Period: 124,97 122,3 247,33 Advanced Principal N/A N/A 0.00 Advanced Interest 750,77 716,1 1,466,953
Other Interest Prepayment Unscheduled Carry Principal Principal Forward Class Distributed Distributed Amount A-1 4,974,8 - - A-2 - - A-3 - - A-4 - - A-5 - - A-6 - - A-7 7,578,0 33,090.52 - Total 12,552,90 33,090.52 -
Over- Has a Specified Over- Collateral. Over Trigger Event Collateral. Increase Collateral. Occurred Amount Amount Amount Group I NO 14,000,000 1,145,386 4,590,677.33 Group II NO 25,800,000 1,219,603 4,207,285.78 Total 39,800,000 2,364,990 8,797,963.11 Overcollateralization Amounts do not include Pre-Funding Amounts
MISCELLANEOUS INFORMATION: Group I Group II Total Insured Payment 0.00 0.00 0.00 Realized Losses 0.00 0.00 0.00 60+ Day Delinquent Loans (Excluding F/C, REO & Bankruptcy) 2,889,991.04 3,234,532.07 6,124,523.11 Book Value of REO Loans 78,194.00 116,931.00 195,125.00 Pool Cumulative Realized Losses - Avg of 12 Preceeding Remittance Period 0% Pool Cumulative Realized Losses - % of Mortgage Loans as of Cut-Off Date 0% Class A-7 Supplemental Interest Amount 0.00 TOTAL AVAILABLE FUNDS: Current Interest Collected: 4,989,555.32 Principal Collected: 14,065,086.14 Insurance Proceeds Received: - Net Liquidation Proceeds: 58,479.28 Delinquency Advances on Mortgage Interest: 1,466,953.07 Delinquency Advances on Mortgage Principal N/A Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Certificate Account: 7,630.85 Capitalized Interest Requirement - Capitalized Interest Fund Earnings - Capitalized Interest Account - Investment Earnings on Pre-funding Account - Pre-Funding Account - Sum of the Above Amounts: 20,587,704.66 LESS: Servicing Fees (including PPIS): 251,089.83 Dealer Reserve: - Trustee Fees: 5,018.07 Insurance Premiums: 87,974.92 Reimbursement of Delinquency Advances: - Reimbursements of Servicing Advances: - Total Reductions to Available Funds Amount: 344,082.82 Total Available Funds: 20,243,621.
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