-----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, TfkAGpaefMjFRG8idsB4y75m048nYy00wUGtgxT4gCqZCk5jEW7vv+n5KNZMgaON ZGs+cUipZXsdCZMBHO6wJQ== 0001095226-99-000006.txt : 19991102 0001095226-99-000006.hdr.sgml : 19991102 ACCESSION NUMBER: 0001095226-99-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990930 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991101 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: 99738955 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: September 27, 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 August 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 August 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 August 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 October 26, 1999 EXHIBIT 1
ADVANTA Mortgage Loan Trust 1999-1 Statement to Certificateholders Distribution in Dollars - Current Period Prior Original Principal Total Realized Class Face Value Balance Interest Principal Distribution Losses A-1 125,000,000 98,253,2 490,4 7,275,942 7,766,39 A-2 82,000,00 82,000,0 408,6 408,6 A-3 44,000,00 44,000,0 223,6 223,6 A-4 83,000,00 83,000,0 435,7 435,7 A-5 26,000,00 26,000,0 145,8 145,8 A-6 40,000,00 40,000,0 211,0 211,0 A-7 400,000,000 365,241,95 1,877,83 7,527,830 9,405,66 B BS R Totals 800,000,000 738,495,21 3,793,15 14,803,773. 18,596,925
Current Deferred Principal Class Interest Balance A-1 90,977,313.40 A-2 82,000,000.00 A-3 44,000,000.00 A-4 83,000,000.00 A-5 26,000,000.00 A-6 40,000,000.00 A-7 357,714,126.77 B - BS - R - Totals 723,691,440.17
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face
Orig. Principal Prior Period Period (with Notional) Principal Class Starting Ending Method Cusip Balance Balance A-1 F-30/360 00755WGF7 125,000,000. 786.026 A-2 F-30/360 00755WGG5 82,000,000 1,000.0000 A-3 F-30/360 00755WGH3 44,000,000 1,000.0000 A-4 F-30/360 00755WGJ9 83,000,000 1,000.0000 A-5 A-30/360 00755WGK6 26,000,000 1,000.0000 A-6 F-30/360 00755WGL4 40,000,000 1,000.0000 A-7 8/25/99 9/26/99 A-Act/360 00755WGM2 400,000,000. 913.104 B BS R
Current Total Principal Class Interest Principal Distribution Balance A-1 3. 58. 62.1 727.818507 A-2 4. 4.9 1,000.000000 A-3 5. 5.0 1,000.000000 A-4 5. 5.2 1,000.000000 A-5 5. 5.6 1,000.000000 A-6 5. 5.2 1,000.000000 A-7 4. 18. 23.5 894.285317 B - BS - R -
Distribution in Dollars - To Date
Original Unscheduled Scheduled Total Total Class Face Value Interest Principal Principal Principal Distribution A-1 125,000,000 3,390,8 30,607,529 3,415,157 34,022,686 37,413,523. A-2 82,000,00 2,451,7 2,451,799 A-3 44,000,00 1,342,0 1,342,000 A-4 83,000,00 2,614,5 2,614,500 A-5 26,000,00 874, 874,90 A-6 40,000,00 1,266,0 1,266,000 A-7 400,000,000 11,543,1 40,647,763 1,638,109 42,285,873 53,829,063. B BS R 910, 910,90 Totals 800,000,000 24,394,1 71,255,292 5,053,266 76,308,559 100,702,690.
Current Realized Deferred Principal Class Losses Interest Balance A-1 90,977,313.41 A-2 82,000,000.00 A-3 44,000,000.00 A-4 83,000,000.00 A-5 26,000,000.00 A-6 40,000,000.00 A-7 357,714,126.77 B - BS - R - Totals 723,691,440.18
Interest Detail
Pass Prior Principal Non- Prior Unscheduled Through (with Notional) Accrued Supported Unpaid Interest Class Rate Balance Interest Interest SF Interest Adjustments A-1 5.99000% 98,253,2 490,4 A-2 5.98000% 82,000,0 408,6 A-3 6.10000% 44,000,0 223,6 A-4 6.30000% 83,000,0 435,7 A-5 6.73000% 26,000,0 145,8 A-6 6.33000% 40,000,0 211,0 A-7 5.60875% 365,241,95 1,877,83 B BS R Totals 738,495,21 3,793,15
Paid or Current Optimal Deferred Unpaid Class Interest Interest Interest A-1 490,4 490, - A-2 408,6 408, - A-3 223,6 223, - A-4 435,7 435, - A-5 145,8 145, - A-6 211,0 211, - A-7 1,877,8 1,877,8 - B - BS - R - Totals 3,793,1 3,793,1 -
Collection Account Report
Summary Adjustable Fixed Total Principal Collections 6,543,485 6,157,25 12,700,742. Principal Withdrawals Principal Other Accounts TOTAL PRINCIPAL 6,543,485 6,157,25 12,700,742. Interest Collected 3,016,717 3193836.52 6,210,554 Interest Withdrawals ( Interest Other Accounts 5,4 5296.01 10,7 Fees (159,95 (164,9 (324,93 TOTAL INTEREST 2,862,183 3,034,00 5,896,183 TOTAL AVAILABLE TO CERTIFICATEHOLDERS 9,405,669 9,191,25 18,596,925.
Principal - Collections
Adjustable Fixed Total Scheduled Principal 326,90 671,5 998,43 Curtailments Prepayments in Full 6,216,581 5,485,72 11,702,305. Repurchased Principal Amounts Substitution Principal Amount Liquidations Insurance Principal Other Principal Total Realized Loss of Principal TOTAL PRINCIPAL COLLECTED 6,543,485 6,157,25 12,700,742.
Collection Account Report
Principal - Withdrawals Adjustable Fixed Total SPACE INTENTIONALLY LEFT BLANK
Principal - Other Accounts Adjustable Fixed Total Amounts Remaining in Pre-Funding Account
Interest - Collections Adjustable Fixed Total Scheduled Interest 3,055,343 3,231,91 6,287,255 Repurchased Interest Substitution Interest Amount Liquidation Interest Insurance Interest Other Interest Delinquent Interest (796,74 (823,4 (1,620,154 Interest Advanced 758,12 785,3 1,543,452 Prepayment Interest Shortfalls ( (1, (1,7 Compensating Interest 1, 1,7 Civil Relief Act Shortfalls TOTAL INTEREST COLLECTED 3,016,717 3,193,83 6,210,554
Collection Account Report
Interest - Withdrawals Adjustable Fixed Total Current Nonrecoverable Advances TOTAL INTEREST WITHDRAWALS
Interest - Other Accounts Adjustable Fixed Total Capitalized Interest Requirement Pre-Funding Account Earnings Certificate Account Earnings 5,4 5, 10,7 Capitalized Interest Account
Interest - Fees Adjustable Fixed Total Current Servicing Fees 115,82 119,8 235,65 Trustee Fee Amount 2,3 2, 4,8 Insurance Premium Amount 41,7 42,6 84,4 TOTAL FEES 159,95 164,9 324,93
Credit Enhancement Report
Accounts Adjustable Fixed Total SPACE INTENTIONALLY LEFT BLANK
Insurance Adjustable Fixed Total Total Insured Payments
Structural Features Adjustable Fixed Total Specified Overcollateralization Amount 25,800,000.00 14,000,000.00 39,800,000.00 Current Overcollateralization Amount 6,425,801.25 6,845,697.12 13,271,498.37 Overcollateralization Deficiency Amount 20,358,543.66 8,272,988.80 28,631,532.46 Overcollateralization Deficit Amount Overcollateralization Increase Amount 984,344.91 1,118,685.93 2,103,030.84 Overcollateralization Reduction Amount Components of Change in Overcollateralization* Excess Interest Generated by Pool 978,926.55 1,113,389.92 2,092,316.47 Certificate Account Interest Earnings 5,418.36 5,296.01 10,714.37 Additional Principal TOTAL 984,34 1,118,685.93 2,103,030.84 *(NOTE: If at specified amount, components will not equal increase amount)
Collateral Report
Collateral Adjustable Fixed Total Loan Count: Original 3,794 5,598 9,392 Prior 4,013 6,051 10,064 Prefunding Scheduled Paid Offs Full Voluntary Prepayments Repurchases Liquidations Current Principal Balance Original 358,638,192.19 354,898,989.56 713,537,181.75 Prior 370,683,413.91 378,980,267.34 749,663,681.25 Prefunding Scheduled Principal (326,904.26) (671,533.11) (998,437.37) Partial and Full Voluntary Prepayments (6,216,581 (5,485,72 (11,702,305. Repurchases Liquidations Current 364,139,928. 372,823,010. 736,962,938.
Prefunding Adjustable Fixed Total PRE-FUNDING ACCOUNT Original Pre-Funded Amount 41,361,807.81 45,101,010.44 86,462,818.25 Balance of Subsequent Mortgage Loans Added This Period Pre-Funding Account Earnings Withdrawal Account Earnings Pre-Funding Account Ending Balance CAPITALIZED INTEREST ACCOUNT Original Capitalized Interest Deposit 431,226.00 473,750.00 904,976.00 Capitalized Interest Requirement Capitalized Interest Account Earnings Capitalized Interest Account Ending Balance
Collateral Report
Characteristics Adjustable Fixed Total Weighted Average Coupon Original 9.990174% 10.330135% 10.159264% Weighted Average Coupon Prior 9.904780% 10.246858% 10.077273% Weighted Average Coupon Current 9.890953% 10.233500% 10.064122% Weighted Average Months to Maturity Original 351 252 302 Weighted Average Months to Maturity Prior 347 250 298 Weighted Average Months to Maturity Current 345 249 296 Weighted Average Remaining Amortization Term Original 351 298 325 Weighted Average Remaining Amortization Term Prior 347 291 319 Weighted Average Remaining Amortization Term Current 346 290 317 Weighted Average Seasoning Original 3.99 3.76 3.87 Weighted Average Seasoning Prior 7.58 7.35 7.46 Weighted Average Seasoning Current 8.57 8.35 8.46 Note: Original information refers to deal issue
Collateral Report
Arm Characteristics Adjustable Fixed Total Weighted Average Margin Original 6.149% Weighted Average Margin Prior 6.000% Weighted Average Margin Current 6.000% Weighted Average Max Rate Original 16.848% 10.330% Weighted Average Max Rate Prior 17.000% 10.000% Weighted Average Max Rate Current 17.000% 10.000% Weighted Average Min Rate Original 9.093% 9.830% Weighted Average Min Rate Prior 9.000% 10.000% Weighted Average Min Rate Current 9.000% 10.000% Weighted Average Cap Up Original 1.103% Weighted Average Cap Up Prior 1.000% Weighted Average Cap Up Current 1.000% Weighted Average Cap Down Original 1.103% Weighted Average Cap Down Prior 1.000% Weighted Average Cap Down Current 1.000% Note: Original information refers to deal issue
Servicing Fees / Advances Adjustable Fixed Total Current Servicing Fees 115,82 119,8 235,65 Delinquent Servicing Fees 38,6 38,0 76,7 TOTAL SERVICING FEES 154,45 157,9 312,35 Total Servicing Fees 154,45 157,9 312,35 Compensating Interest ( (1, (1,7 Delinquent Servicing Fees (38,6 (38,0 (76,7 COLLECTED SERVING FEES 115,51 118,3 233,86 Prepayment Interest Shortfall 1, 1,7 Total Advanced Interest 758,12 785,3 1,543,452 Current Nonrecoverable Advances 154.67 154.67 Unreimbursed Delq / Servicing Advances Paid to Servicer
Additional Collateral Information Adjustable Fixed Total SPACE INTENTIONALLY LEFT BLANK
Delinquency Report - Total
Current 1 Payment 2 Payments 3+ Payments Total DELINQUENT Balance 20,089,921 5,713,219 1,142,52 26,945,661. % Balance 2.73% 0.78% 0.16% 3.67% # Loans % # Loans 3.08% 0.97% 0.29% 4.34% FORECLOSURE Balance 325, 209,7 1,229,815 16,675,176 18,439,986. % Balance 0.04% 0.03% 0.17% 2.26% 2.50% # Loans % # Loans 0.04% 0.03% 0.16% 2.29% 2.52% BANKRUPTCY Balance 2,428,4 262,3 493,23 3,296,55 6,480,527 % Balance 0.33% 0.04% 0.07% 0.45% 0.89% # Loans % # Loans 0.31% 0.03% 0.07% 0.48% 0.89% REO Balance 453,2 453,23 % Balance 0.00% 0.00% 0.00% 0.06% 0.06% # Loans % # Loans 0.00% 0.00% 0.00% 0.09% 0.09% TOTAL Balance 2,753,6 20,562,018 7,436,271 21,567,485 52,319,412. % Balance 0.37% 2.80% 1.02% 2.93% 7.12% # Loans % # Loans 0.35% 3.14% 1.20% 3.15% 7.84% Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
Delinquency Report - Fixed Group
Current 1 Payment 2 Payments 3+ Payments Total DELINQUENT Balance 9,109,77 2,608,814 523,6 12,242,222. % Balance 2.44% 0.70% 0.14% 3.28% # Loans % # Loans 2.79% 0.89% 0.34% 4.02% FORECLOSURE Balance 144, 491,57 5,281,99 5,918,135 % Balance 0.04% 0.00% 0.13% 1.42% 1.59% # Loans % # Loans 0.03% 0.00% 0.13% 1.53% 1.69% BANKRUPTCY Balance 1,672,7 134,6 237,76 1,583,20 3,628,360 % Balance 0.45% 0.04% 0.06% 0.42% 0.97% # Loans % # Loans 0.37% 0.03% 0.07% 0.42% 0.89% REO Balance - 249,1 249,17 % Balance 0.00% 0.00% 0.00% 0.07% 0.07% # Loans - % # Loans 0.00% 0.00% 0.00% 0.08% 0.08% TOTAL Balance 1,817,2 9,244,44 3,338,161 7,638,00 22,037,896. % Balance 0.49% 2.48% 0.89% 2.05% 5.91% # Loans % # Loans 0.40% 2.82% 1.09% 2.37% 6.68% Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
Delinquency Report - Adjustable Group
Current 1 Payment 2 Payments 3+ Payments Total DELINQUENT Balance 10,980,145 3,104,404 618,8 14,703,438. % Balance 3.02% 0.85% 0.17% 4.04% # Loans % # Loans 3.52% 1.09% 0.23% 4.84% FORECLOSURE Balance 180, 209,7 738,23 11,393,180 12,521,851. % Balance 0.05% 0.06% 0.20% 3.13% 3.44% # Loans % # Loans 0.05% 0.08% 0.20% 3.44% 3.77% BANKRUPTCY Balance 755, 127,6 255,46 1,713,34 2,852,167 % Balance 0.21% 0.04% 0.07% 0.47% 0.79% # Loans % # Loans 0.23% 0.03% 0.08% 0.58% 0.92% REO Balance 204,0 204,05 % Balance 0.00% 0.00% 0.00% 0.06% 0.06% # Loans % # Loans 0.00% 0.00% 0.00% 0.10% 0.10% TOTAL Balance 936, 11,317,578 4,098,110 13,929,477 30,281,515. % Balance 0.26% 3.12% 1.12% 3.83% 8.33% # Loans % # Loans 0.28% 3.63% 1.37% 4.35% 9.63% Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
Prepayment Report - Voluntary Prepayments
Voluntary Prepayments Adjustable Fixed Total Current Number of Paid in Full Loans 63 95 158 Number of Repurchased Loans Total Number of Loans Prepaid in Full 63 95 158 Paid in Full Balance 6,216,581 5,485,72 11,702,305. Repurchase Loans Balance Curtailments Amount Total Prepayment Amount 6,216,581 5,485,72 11,702,305. Cumulative Number of Paid in Full Loans 331 424 755 Number of Repurchased Loans 1 2 3 Total Number of Loans Prepaid in Full 332 426 758 Paid in Full Balance 34,164,000. 23,697,169 57,861,170. Repurchase Loans Balance 5,5 61,7 67,3 Curtailments Amount (24,2 (7, (31,4 Total Prepayment Amount 34,145,373. 23,751,707 57,897,080. SPACE INTENTIONALLY LEFT BLANK
Prepayment Report - Voluntary Prepayments
Voluntary Prepayment Rates Adjustable Fixed Total SMM 1.68% 1.45% 1.56% 3 Months Average SMM 1.89% 1.35% 1.62% 12 Months Average SMM Average SMM Since Cut-Off 1.49% 1.03% 1.26% CPR 18.38% 16.08% 17.23% 3 Months Average CPR 20.48% 15.08% 17.81% 12 Months Average CPR Average CPR Since Cut-Off 16.53% 11.69% 14.13% PSA 1072.53% 962.75% 1018.22% 3 Months Average PSA Approximation 1350.57% 1026.07% 1192.53% 12 Months Average PSA Approximation Average PSA Since Cut-Off Approximation 1341.21% 986.40% 1169.20%
Realized Loss Report - Collateral
Collateral Realized Losses Adjustable Fixed Total Current Number of Loan Liquidated Collateral Realized Loss / (Gain) Amount Net Liquidation Proceeds Cumulative Number of Loans Liquidated Collateral Realized Loss / (Gain) Amount Net Liquidation Proceeds 58,4 58,4 Note: Collateral realized losses may include adjustments to loans liquidated in prior periods. SPACE INTENTIONALLY LEFT BLANK
Realized Loss Report - Collateral
Default Speeds Adjustable Fixed Total MDR 0.00% 0.00% 0.00% 3 Months Average MDR 0.01% 0.00% 0.00% 12 Months Average MDR Average MDR Since Cut-Off 0.00% 0.00% 0.00% CDR 0.00% 0.00% 0.00% 3 Months Average CDR 0.06% 0.00% 0.03% 12 Months Average CDR Average CDR Since Cut-Off 0.03% 0.00% 0.02% SDA 0.00% 0.00% 0.00% 3 Months Average SDA Approximation 0.40% 0.00% 0.20% 12 Months Average SDA Approximation Average SDA Since Cut-Off Approximation 0.25% 0.00% 0.12% Loss Severity Approximation for Current Period 3 Months Average Loss Severity Approximation 0.00% 0.00% 0.00% 12 Months Average Loss Severity Approximation Average Loss Severity Approximation Since Cut-Off 0.00% 0.00% 0.00%
Triggers, Adj. Rate Cert. And Miscellaneous Report
Trigger Events Adjustable Fixed Total Has Servicer Termination Loss Trigger Occurred? No
Adjustable Rate Certificate Information Adjustable Fixed Total Next Pass-Through Rates for Adjustable Rate Certificates Class A-5 6.730000% Class A-7 5.652500%
Additional Information Adjustable Fixed Total CLASS A-7 SUPPLEMENTAL INTEREST ACCOUNT Class A-7 Supplemental Interest Amount Class A-7 Supplemental Interest Shortfall Carry-Forward Amount Class A-7 Supplemental Interest Shortfall Amount Deposit to C1 A-7 Supp Int Acct (Class B Distribution) Payment to Supplemental interest Right Class A-7 Supplemental Interest Account Ending Balance
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