-----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, NSnGu72vkQST2ERaYHs+8flD9LcvqupNX7k41Evn+RMt4/MbQixA/VFA1oc8PSYI 6CM0ktchu8WYkJvEliJcPg== 0001074269-99-000007.txt : 19990603 0001074269-99-000007.hdr.sgml : 19990603 ACCESSION NUMBER: 0001074269-99-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990531 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990602 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: 99639271 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: May 25, 1999 ADVANTA Mortgage Loan Trust 1999-1 New York 333-52351-05 Pending c/o ADVANTA Mortgage Corp., USA Attn: William P. Garland 10790 Rancho Bernardo Road San Diego, CA 92127 (619) 674-1800 Item 5. Other Events Information relating to the distributions to Certificate holders for the April, 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 April, 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 April, 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/ William P. Garland William P. Garland Senior Vice President Loan Service Administration May 28, 1999 EXHIBIT 1 ADVANTA Mortgage Loan Trust 1999-1 Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total A-1 125,000,000 121,782,554. 607,8 4,518,563 5,126,461.08 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-7 400,000,000 396,733,918. 1,664,27 6,658,384 8,322,655.39 B - BS - R 910,9 910,904.57 Totals 800,000,000 793,516,472. 4,607,94 11,176,947. 15,784,887.71
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A-1 117,263,991. 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% 7.480000% A-6 40,000,000 6.330000% 6.330000% A-7 390,075,534. 5.207500% 5.462500% B 0.000000% 0.000000% BS 0.000000% 0.000000% R 0.000000% 0.000000% Totals 782,339,525.54
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A-1 00755WGF7 974.260436 4.863183 36.148505 41.011688 938.111931 A-2 00755WGG5 1,000.000000 4.983333 0.000000 4.983333 1,000.000000 A-3 00755WH3 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 991.834796 4.160678 16.645960 20.806638 975.188836 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 1.138631 0.000000 1.138631 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 7,855,22 1,790,63 57,1 403,1 13,3 % of Pool Balan 1.99092% 0.45384% 0.01449% 0.10217% 0.00338% Number of Loans 137 31 3 8 1 % of Loans 2.17771% 0.49277% 0.04769% 0.12717% 0.01590% Group 2 Principal Balan 8,485,16 2,060,68 38,3 1,315,10 % of Pool Balan 2.16583% 0.52599% 0.00979% 0.33568% 0.00000% Number of Loans 113 24 1 10 0 % of Loans 2.69000% 0.57075% 0.02378% 0.23781% 0.00000% Loans in Foreclosure Group I Principal Balan 1,749,764.65 % of Pool Balan 0.44348% Number of Loans 29 % of Loans 0.46098% Group 2 Principal Balan 3,300,226.34 % of Pool Balan 0.84238% Number of Loans 45 % of Loans 1.07015%
General Mortgage Loan Information:
Group 1 Group II Total Beginning Aggregate Mortgage Loan Balance 397,717,793. 396,835,856. 794,553,650. Subsequent Mortgage Loans Added This Period 45,090,885.81 41,343,698.04 86,434,583.85 Principal Reduction 3,175,706 5,080,08 8,255,795 Ending Aggregate Mortgage Loan Balance 394,552,211. 391,773,878. 786,326,089. Beginning Aggregate Mortgage Loan Count 6343 4255 10598 Ending Aggregate Mortgage Loan Count 6291 4205 10496 Current Weighted Average Coupon Rate 10.264428% 9.925328% 10.095066% Next Weighted Average Coupon Rate 10.261409% 9.917771% 10.090197%
Mortgage Loan Principal Reduction Information:
Group 1 Group II Total Scheduled Principal 492,29 208,8 701,16 Curtailments ( Prepayments 2,673,313 4,853,20 7,526,519 Repurchases/Substitutions 0.00 0.00 Liquidation Proceeds 0.00 0.00 0.00 Other Principal 0.00 0.00 0.00 Amounts Remaining in Pre-Funding Account at end of pre-funding p 10,124.63 18,109.77 28,234.40 Less: Realized Losses 0.00 0.00 0.00 Total Principal Reduction 3,175,706.59 5,080,088.73 8,255,795
Servicer Information:
Group I Group II Total Accrued Servicing Fee for the Current Period 165,71 165,3 331,06 Less: Amounts to Cover Interest Shortfalls 1,2 138.81 1,3 Less: Delinquent Service Fees 28,8 27,6 56,4 Collected Servicing Fees for Current Period: 135,65 137,5 273,22 Advanced Principal N/A N/A 0.00 Advanced Interest 600,09 550,0 1,150,181
Other Interest Prepayment Unscheduled Carry Principal Principal Forward Class Distributed Distributed Amount A-1 2,673,3 (25.16) - A-2 - - A-3 - - A-4 - - A-5 - - A-6 - - A-7 4,483,7 (74.58) - Total 7,157,0 (99.74) -
Over- Has a Specified Over- Collateral. Over Trigger Event Collateral. Increase Collateral. Occurred Amount Amount Amount Group I NO 14,000,000 1,342,856 2,288,220.46 Group II NO 25,800,000 1,578,295 101,938.67 Total 39,800,000 2,921,151 2,390,159.13 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) 1,847,823.84 2,099,063.53 3,946,887.37 Book Value of REO Loans 23,252.00 0.00 23,252.00 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: 5,477,546.66 Principal Collected: 8,227,560.92 Insurance Proceeds Received: - Net Liquidation Proceeds: - Delinquency Advances on Mortgage Interest: 1,150,181.31 Delinquency Advances on Mortgage Principal N/A Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Certificate Account: 9,875.00 Capitalized Interest Requirement - Capitalized Interest Fund Earnings - Capitalized Interest Account 910,904.57 Investment Earnings on Pre-funding Account 351,555.14 Pre-Funding Account 28,234.40 Sum of the Above Amounts: 16,155,858.00 LESS: Servicing Fees (including PPIS): 274,565.87 Dealer Reserve: - Trustee Fees: 5,131.49 Insurance Premiums: 91,272.94 Reimbursement of Delinquency Advances: - Reimbursements of Servicing Advances: - Total Reductions to Available Funds Amount: 370,970.30 Total Available Funds: 15,784,887.
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