-----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, Bl+IVOBXyU5nld7VInYAjHVQBC/mXIa/4+VhECYICUnGV9G7F78B6RsxOoJeTF0h FUj43JQQJRpzkBkz8BspdA== 0000893220-99-000987.txt : 19990820 0000893220-99-000987.hdr.sgml : 19990820 ACCESSION NUMBER: 0000893220-99-000987 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990816 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA MORTGAGE LOAN TRUST 1999-3 CENTRAL INDEX KEY: 0001093341 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 880360305 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-75295-01 FILM NUMBER: 99695964 BUSINESS ADDRESS: STREET 1: 10790 RANCHO BERNARDO DRIVE CITY: SAN DIEGO STATE: CA ZIP: 927127 BUSINESS PHONE: 8586763099 MAIL ADDRESS: STREET 1: AVANTA MORTGAGE CORP STREET 2: WELSH & MCKEON ROADS PO BOX 918 CITY: SPRING HOUSE STATE: PA ZIP: 19477-0844 8-K 1 FORM 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 (date of earliest event reported) August 16, 1999 Advanta Conduit Receivables, Inc. --------------------------------- (Exact name of registrant as specified in its charter) Nevada 333-75295 88-0360305 - ---------------------------- ----------- ------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) ID Number) Attention: General Counsel 10790 Rancho Bernardo Road San Diego, California 92127 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (858) 676-3099 - -------------------------------------------------------------------------------- Advanta Conduit Receivables, Inc., as Sponsor on behalf of Advanta Mortgage Loan Trust 1999-3 ----------------------------------- (Exact name of registrant as specified in its charter) Nevada 333-75295-01 88-0360305 - ---------------------------- ------------ -------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) ID Number) - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) 2 Item 5. Other Events. Incorporation of Certain Documents by Reference The consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of December 31, 1998 and December 31, 1997, for each of the years in the three-year period ended December 31, 1998, prepared in accordance with generally accepted accounting principles, included in the Annual Report on Form 10-K of Ambac Financial Group, Inc. (which was filed with the Securities and Exchange Commission on March 30, 1999; Commission File Number 1-10777) and the unaudited consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of June 30, 1999, and for the periods ended June 30, 1999 and June 30, 1998, included in the Quarterly Report on Form 10-Q of Ambac Financial Group, Inc. for the period ended June 30, 1999 (which was filed with the Securities and Exchange Commission on August 13, 1999) are hereby incorporated by reference in (i) this Current Report on Form 8-K; (ii) the registration statement (No. 333-75295) of the registrant; and (iii) the prospectus supplement, and shall be deemed to be part hereof and thereof. In connection with the issuance of the Certificates, the Company is filing herewith the consent of KPMG LLP ("KPMG") to the use of their name and the incorporation by reference of their report in the prospectus supplement relating to the issuance of the Certificates. The consent of KPMG is attached hereto as Exhibit 23.1. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Not applicable. (b) Not applicable. (c) Exhibits: 23.1 Consent of KPMG LLP, independent accountants. 2 3 SIGNATURES 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 CONDUIT RECEIVABLES, INC., as Sponsor on behalf of ADVANTA MORTGAGE LOAN TRUST 1999-3. By:/s/ Michael Coco -------------------------------- Name: Michael Coco Title: Vice President ADVANTA CONDUIT RECEIVABLES, INC. By:/s/ Michael Coco -------------------------------- Name: Michael Coco Title: Vice President Dated: August 18, 1999 3 4 EXHIBIT INDEX Exhibit Page - ------- ---- 23.1 Consent of KPMG LLP, independent accountants. EX-23.1 2 CONSENT OF KPMG LLP, INDEPENDENT ACCOUNTANTS. 1 Exhibit 23.1 INDEPENDENT AUDITORS' CONSENT The Board of Directors Ambac Assurance Corporation We consent to the incorporation by reference in the registration statement (No. 333-75295) of Advanta Mortgage Loan Trust 1999-3 (the "Registrant") and the Prospectus Supplement of the Registrant (the "Prospectus Supplement"), via the Form 8-K of the Registrant dated August 18, 1999, of our report dated January 27, 1999 on the consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of December 31, 1998 and 1997, and for each of the years in the three-year period ended December 31, 1998, which report appears in the Form 10-K of Ambac Financial Group, Inc. which was filed with the Securities and Exchange Commission on March 30, 1999 and to the reference to our firm under the heading "Experts" in the Prospectus Supplement. /s/ KPMG LLP ------------ New York, New York August 18, 1999 -----END PRIVACY-ENHANCED MESSAGE-----