-----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, Tbw+NCOoGv6e9NwodDnPlO8+dEnlhYBBwS2lXVoLPNj9sOVGksQd8EuYLWDKffKo zYdCsXXsUsn8n8f49/8ocQ== 0001093341-99-000001.txt : 19991018 0001093341-99-000001.hdr.sgml : 19991018 ACCESSION NUMBER: 0001093341-99-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990831 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991006 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: 99723609 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 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 1999-3 New York 333-75295-01 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 1999-3 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 August 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 1999-3, Class A issued by the ADVANTA Mortgage Loan Trust 1999-3. EXHIBIT INDEX Exhibit 1. Monthly Report for the August, 1999 Monthly Period relating to the Mortgage Loan Asset-Backed Certificates, Series 1999-3, Class A issued by the ADVANTA Mortgage Loan Trust 1999-3. 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 1999-3 BY: ADVANTA Mortgage Corp., USA BY: /s/ H. John Berens H. John Berens Senior Vice President Advanta Mortgage September 30, 1999 EXHIBIT 1 ADVANTA Mortgage Loan Trust 1999-3 Statement to Certificateholders
Original Prior Face Principal Class Value Balance Interest Principal Total A-1 117,581,000 117,581,00 667,2 2,109,229 2,776,502.04 A-2 69,182,00 69,182,0 416,8 416,821.55 A-3 46,259,00 46,259,0 284,4 284,492.85 A-4 74,498,00 74,498,0 481,1 481,132.92 A-5 29,980,00 29,980,0 200,8 200,866.00 A-6 37,500,00 37,500,0 237,1 237,187.50 A-7 150,000,000 150,000,00 811,0 1,159,626 1,970,668.19 B - BS - R-II 693,0 693,025.30 Totals 525,000,000 525,000,00 3,791,83 3,268,856 7,060,696.35
Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A-1 115,471,770. 6.810000% 6.810000% A-2 69,182,000 7.230000% 7.230000% A-3 46,259,000 7.380000% 7.380000% A-4 74,498,000 7.750000% 7.750000% A-5 29,980,000 8.040000% 8.040000% A-6 37,500,000 7.590000% 7.590000% A-7 148,840,373. 5.725000% 5.782500% B 0.000000% 0.000000% BS 0.000000% 0.000000% R 0.000000% 0.000000% Totals 521,731,143.62
Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A-1 00755WGV2 1,000.000000 5.675000 17.938526 23.613526 982.061474 A-2 00755WGW0 1,000.000000 6.025000 0.000000 6.025000 1,000.000000 A-3 00755WGX8 1,000.000000 6.150000 0.000000 6.150000 1,000.000000 A-4 00755WGY6 1,000.000000 6.458333 0.000000 6.458333 1,000.000000 A-5 00755WGZ3 1,000.000000 6.700000 0.000000 6.700000 1,000.000000 A-6 00755WHA7 1,000.000000 6.325000 0.000000 6.325000 1,000.000000 A-7 00755WHB5 1,000.000000 5.406944 7.730843 13.137787 992.269157 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 1.320048 0.000000 1.320048 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 3,166,5 322,6 23,4 % of Pool Balan 0.96111% 0.09793% 0.00000% 0.00711% 0.00000% Number of Loans 59 7 0 1 0 % of Loans 1.22917% 0.14583% 0.00000% 0.02083% 0.00000% Group 2 Principal Balan 1,541,9 78,0 111,6 % of Pool Balan 1.08700% 0.05499% 0.00000% 0.07872% 0.00000% Number of Loans 16 1 0 2 0 % of Loans 1.08328% 0.06770% 0.00000% 0.13541% 0.00000% Loans in Foreclosure Group I Principal Balan - % of Pool Balan 0.00000% Number of Loans 0 % of Loans 0.00000% Group 2 Principal Balan - % of Pool Balan 0.00000% Number of Loans 0 % of Loans 0.00000%
General Mortgage Loan Information:
Group 1 Group II Total Beginning Aggregate Mortgage Loan Balance 331,219,376. 142,758,206. 473,977,583. Subsequent Mortgage Loans Added This Period 0.00 0.00 0.00 Principal Reduction 1,755,973 904,5 2,660,572 Ending Aggregate Mortgage Loan Balance 329,464,381. 141,853,607. 471,317,988. Beginning Aggregate Mortgage Loan Count 4823 1483 6306 Ending Aggregate Mortgage Loan Count 4800 1477 6277 Current Weighted Average Coupon Rate 9.907285% 9.495321% 9.783205% Next Weighted Average Coupon Rate 9.903789% 9.494394% 9.780572%
Mortgage Loan Principal Reduction Information:
Group 1 Group II Total Scheduled Principal 352,58 232,0 584,65 Curtailments (1,3 (1,7 Prepayments 1,404,749 672,9 2,077,703 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 pe 978.10 2,475.71 3,453.81 Less: Realized Losses 0.00 0.00 0.00 Total Principal Reduction 1,756,951.12 907,075.31 2,664,026
Servicer Information:
Group I Group II Total Accrued Servicing Fee for the Current Period 207,01 89,2 296,23 Less: Amounts to Cover Interest Shortfalls 0.00 Less: Delinquent Service Fees 23,2 9, 32,4 Collected Servicing Fees for Current Period: 183,67 80,0 263,70 Advanced Principal N/A N/A 0.00 Advanced Interest 304,68 113,4 418,10
Other Interest Prepayment Unscheduled Carry Principal Principal Forward Class Distributed Distributed Amount A-1 1,404,7 (1,361.74) - A-2 - - A-3 - - A-4 - - A-5 - - A-6 - - A-7 672,9 (425.61) - Total 2,077,7 (1,787.35) -
Over- Has a Specified Over- Collateral. Over Trigger Event Collateral. Increase Collateral. Occurred Amount Amount Amount Group I NO 11,706,948 352,27 2,995,783.20 Group II NO 9,263,10 252,55 5,934,959.19 Total 20,970,051 604,82 8,930,742.39 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) 322,653.98 78,004.26 400,658.24 Book Value of REO Loans 0.00 0.00 0.00 Pool Cumulative Realized Losses - Avg of 12 Preceeding Remittance Period 0.00% Pool Cumulative Realized Losses - % of Mortgage Loans as of Cut-Off Date 0.00% Class A-7 Supplemental Interest Amount 0.00 TOTAL AVAILABLE FUNDS: Current Interest Collected: 3,413,635.65 Principal Collected: 2,660,572.62 Insurance Proceeds Received: - Net Liquidation Proceeds: - Delinquency Advances on Mortgage Interest: 418,107.51 Delinquency Advances on Mortgage Principal N/A Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Certificate Account: - Capitalized Interest Requirement - Capitalized Interest Fund Earnings - Capitalized Interest Account 693,025.30 Investment Earnings on Pre-funding Account 202,601.59 Pre-Funding Account 3,453.81 Sum of the Above Amounts: 7,391,396.48 LESS: Servicing Fees (including PPIS): 263,796.00 Dealer Reserve: - Trustee Fees: 3,554.84 Insurance Premiums: 63,349.30 Reimbursement of Delinquency Advances: - Reimbursements of Servicing Advances: - Total Reductions to Available Funds Amount: 330,700.14 Total Available Funds: 7,060,696
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