-----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, BvBywhEFe60iqC8hO0o2JiEiGUOcjZQwRC55cjhMoZtnxH0gEG7y3tlRTjkFXeBT kZ2rn7KrQZ7XJxUdSheLbQ== 0001095226-00-000008.txt : 20000105 0001095226-00-000008.hdr.sgml : 20000105 ACCESSION NUMBER: 0001095226-00-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991231 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000104 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: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-75295-01 FILM NUMBER: 500955 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: December 24, 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 November 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 November 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 November 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 December 31, 1999 EXHIBIT 1
ADVANTA Mortgage Loan Trust 1999-3 Statement to Certificateholders Distribution in Dollars - Current Period Prior Original Principal Total Realized Class Face Value Balance Interest Principal Distribution Losses A-1 117,581,000 108,179,123 613,9 3,408,605 4,022,52 A-2 69,182,00 69,182,00 416,8 416,8 A-3 46,259,00 46,259,00 284,4 284,4 A-4 74,498,00 74,498,00 481,1 481,1 A-5 29,980,00 29,980,00 200,8 200,8 A-6 37,500,00 37,500,00 237,1 237,1 A-7 150,000,000 145,475,122 750,3 2,560,374 3,310,74 B BS R-II Totals 525,000,000 511,073,245 2,984,78 5,968,979 8,953,76
Current Deferred Principal Class Interest Balance A-1 104,770,518.45 A-2 69,182,000.00 A-3 46,259,000.00 A-4 74,498,000.00 A-5 29,980,000.00 A-6 37,500,000.00 A-7 142,914,747.93 B - BS - R-II - Totals 505,104,266.38
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 11/26/99 12/26/99 F-30/360 00755WGV2 117,581,000. 920.039 A-2 F-30/360 00755WGW0 69,182,000 1,000.0000 A-3 F-30/360 00755WGX8 46,259,000 1,000.0000 A-4 F-30/360 00755WGY6 74,498,000 1,000.0000 A-5 A-30/360 00755WGZ3 29,980,000 1,000.0000 A-6 A-30/360 00755WHA7 37,500,000 1,000.0000 A-7 11/26/99 12/26/99 A-Act/360 00755WHB5 150,000,000. 969.834 B BS R-II
Current Total Principal Class Interest Principal Distribution Balance A-1 5. 28.9 34.2 891.049731 A-2 6. 6.0 1,000.000000 A-3 6. 6.1 1,000.000000 A-4 6. 6.4 1,000.000000 A-5 6. 6.7 1,000.000000 A-6 6. 6.3 1,000.000000 A-7 5. 17.0 22.0 952.764986 B - BS - R-II -
Distribution in Dollars - To Date
Original Unscheduled Scheduled Total Total Class Face Value Interest Principal Principal Principal Distribution A-1 117,581,000 2,569,6 11,104,886 1,705,594 12,810,481 15,380,147. A-2 69,182,00 1,667,2 1,667,286 A-3 46,259,00 1,137,9 1,137,971 A-4 74,498,00 1,924,5 1,924,531 A-5 29,980,00 803,4 803,46 A-6 37,500,00 948,7 948,75 A-7 150,000,000 2,988,4 6,467,43 617,81 7,085,25 10,073,681. B BS R-II 693,0 693,02 Totals 525,000,000 12,733,12 17,572,322 2,323,411 19,895,733 32,628,857.
Current Realized Deferred Principal Class Losses Interest Balance A-1 104,770,518.46 A-2 69,182,000.00 A-3 46,259,000.00 A-4 74,498,000.00 A-5 29,980,000.00 A-6 37,500,000.00 A-7 142,914,747.93 B - BS - R - Totals 505,104,266.39
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 6.81000% 108,179,123 613,9 A-2 7.23000% 69,182,00 416,8 A-3 7.38000% 46,259,00 284,4 A-4 7.75000% 74,498,00 481,1 A-5 8.04000% 29,980,00 200,8 A-6 7.59000% 37,500,00 237,1 A-7 5.99000% 145,475,122 750,3 B BS R-II Totals 511,073,245 2,984,78
Paid or Current Optimal Deferred Unpaid Class Interest Interest Interest A-1 613,9 613,9 - A-2 416,8 416,8 - A-3 284,4 284,4 - A-4 481,1 481,1 - A-5 200,8 200,8 - A-6 237,1 237,1 - A-7 750,3 750,3 - B - BS - R-II - Totals 2,984,7 2,984,7 -
Collection Account Report
Summary Adjustable Fixed Total Principal Collections 2,222,206 2,870,61 5,092,820 Principal Withdrawals Principal Other Accounts TOTAL PRINCIPAL 2,222,206 2,870,61 5,092,820 Interest Collected 1,183,650 3,006,63 4,190,285 Interest Withdrawals Interest Other Accounts Fees (95,1 (234,2 (329,34 TOTAL INTEREST 1,088,536 2,772,40 3,860,945 TOTAL AVAILABLE TO CERTIFICATEHOLDERS 3,310,742 5,643,02 8,953,765
Principal - Collections Adjustable Fixed Total Scheduled Principal 138,20 447,9 586,17 Curtailments Prepayments in Full 2,083,999 2,422,64 4,506,644 Repurchased Principal Amounts Substitution Principal Amount Liquidations Insurance Principal Other Principal Total Realized Loss of Principal TOTAL PRINCIPAL COLLECTED 2,222,206 2,870,61 5,092,820
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 1,203,849 3,048,48 4,252,339 Repurchased Interest Substitution Interest Amount Liquidation Interest Insurance Interest Other Interest Delinquent Interest (265,62 (587,0 (852,71 Interest Advanced 245,42 545,2 790,65 Prepayment Interest Shortfalls ( (2, (2,9 Compensating Interest 2, 2,9 Civil Relief Act Shortfalls TOTAL INTEREST COLLECTED 1,183,650 3,006,63 4,190,285
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 Capitalized Interest Account
Interest - Fees Adjustable Fixed Total Current Servicing Fees 74,9 189,1 264,11 Trustee Fee Amount 1,1 2, 3,9 Insurance Premium Amount 19,0 42,2 61,3 TOTAL FEES 95,1 234,2 329,34
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 9,263,103.27 11,706,948.64 20,970,051.91 Current Overcollateralization Amount 7,049,240.99 4,623,888.22 11,673,129.21 Overcollateralization Deficiency Amount 2,552,030.27 7,621,051.94 10,173,082.21 Overcollateralization Deficit Amount Overcollateralization Increase Amount 338,167.99 537,991.53 876,159.52 Overcollateralization Reduction Amount Components of Change in Overcollateralization* Excess Interest Generated by Pool 338,167.99 537,991.53 876,159.52 Pre-Funding Account Interest Earnings Additional Principal TOTAL 338,16 537,991.53 876,159.52 *(NOTE: If at specified amount, components will not equal increase amount)
Collateral Report
Collateral Adjustable Fixed Total Loan Count: Original Prior Prefunding Scheduled Paid Offs Full Voluntary Prepayments Repurchases Liquidations Current Principal Balance Original 142,758,206.98 331,219,376.10 473,977,583.08 Prior 152,186,195.13 369,684,020.47 521,870,215.60 Prefunding Scheduled Principal (138,206.58) (447,969.04) (586,175.62) Partial and Full Voluntary Prepayments (2,083,999 (2,422,64 (4,506,644 Repurchases Liquidations Current 149,963,988. 366,813,406. 516,777,395.
Prefunding Adjustable Fixed Total PRE-FUNDING ACCOUNT Original Pre-Funded Amount 12,924,201. 46,424,128.36 59,348,329.36 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 117,36 575,6 693,02 Capitalized Interest Requirement Withdrawal Remaining Amounts Capitalized Interest Account Ending Balance
Collateral Report
Characteristics Adjustable Fixed Total Weighted Average Coupon Original 9.495321% 9.907285% 9.783205% Weighted Average Coupon Prior 9.496136% 9.903984% 9.785190% Weighted Average Coupon Current 9.492450% 9.895444% 9.777924% Weighted Average Months to Maturity Original 348 246 277 Weighted Average Months to Maturity Prior 345 243 273 Weighted Average Months to Maturity Current 344 242 272 Weighted Average Remaining Amortization Term Original 348 302 316 Weighted Average Remaining Amortization Term Prior 346 295 310 Weighted Average Remaining Amortization Term Current 345 294 309 Weighted Average Seasoning Original 3.58 3.22 3.33 Weighted Average Seasoning Prior 5.26 4.79 4.93 Weighted Average Seasoning Current 6.20 5.76 5.89 Note: Original information refers to deal issue
Collateral Report
Arm Characteristics Adjustable Fixed Total Weighted Average Margin Original 5.302% Weighted Average Margin Prior 5.236% Weighted Average Margin Current 5.233% Weighted Average Max Rate Original 16.388% 9.907% Weighted Average Max Rate Prior 16.400% 9.904% Weighted Average Max Rate Current 16.399% 9.895% Weighted Average Min Rate Original 9.008% 9.157% Weighted Average Min Rate Prior 8.940% 9.154% Weighted Average Min Rate Current 8.934% 9.145% Weighted Average Cap Up Original 1.082% Weighted Average Cap Up Prior 1.075% Weighted Average Cap Up Current 1.075% Weighted Average Cap Down Original 1.082% Weighted Average Cap Down Prior 1.075% Weighted Average Cap Down Current 1.075% Note: Original information refers to deal issue
Servicing Fees / Advances Adjustable Fixed Total Current Servicing Fees 74,9 189,1 264,11 Delinquent Servicing Fees 20,1 41,8 62,0 TOTAL SERVICING FEES 95,1 231,0 326,16 Total Servicing Fees 95,1 231,0 326,16 Compensating Interest ( (2, (2,9 Delinquent Servicing Fees (20,1 (41,8 (62,0 COLLECTED SERVING FEES 74,1 187,0 261,17 Prepayment Interest Shortfall 2, 2,9 Total Advanced Interest 245,42 545,2 790,65 Current Nonrecoverable Advances Unreimbursed Delq/Servicing Advances Paid To Servicer
Additional Collateral Information Adjustable Fixed Total Weighted Average Coupon Next 9.482145% 9.887612% 9.769949%
Delinquency Report - Total
Current 1 Payment 2 Payments 3+ Payments Total DELINQUENT Balance 9,983,07 2,806,554 194,7 12,984,425. % Balance 1.93% 0.54% 0.04% 2.51% # Loans 162 47 3 212 % # Loans 2.30% 0.67% 0.04% 3.01% FORECLOSURE Balance 66,3 663,65 3,428,77 4,158,729 % Balance 0.00% 0.01% 0.13% 0.66% 0.80% # Loans 8 50 59 % # Loans 0.00% 0.01% 0.11% 0.71% 0.83% BANKRUPTCY Balance 420,2 500,1 69,4 248,4 1,238,300 % Balance 0.08% 0.10% 0.01% 0.05% 0.24% # Loans 8 5 21 % # Loans 0.11% 0.09% 0.03% 0.07% 0.30% REO Balance % Balance 0.00% 0.00% 0.00% 0.00% 0.00% # Loans % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% TOTAL Balance 420,2 10,549,496 3,539,695 3,872,05 18,381,455. % Balance 0.08% 2.04% 0.68% 0.75% 3.55% # Loans % # Loans 0.11% 2.40% 0.81% 0.82% 4.14% 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 7,217,05 1,720,114 68,2 9,005,402 % Balance 1.97% 0.47% 0.02% 2.46% # Loans % # Loans 2.27% 0.68% 0.04% 2.99% FORECLOSURE Balance 427,93 2,212,17 2,640,117 % Balance 0.00% 0.00% 0.12% 0.60% 0.72% # Loans % # Loans 0.00% 0.00% 0.09% 0.63% 0.72% BANKRUPTCY Balance 115,9 226,8 69,4 184,8 597,16 % Balance 0.03% 0.06% 0.02% 0.05% 0.16% # Loans % # Loans 0.06% 0.06% 0.04% 0.07% 0.23% REO Balance % Balance 0.00% 0.00% 0.00% 0.00% 0.00% # Loans % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% TOTAL Balance 115,9 7,443,94 2,217,539 2,465,20 12,242,684. % Balance 0.03% 2.03% 0.61% 0.67% 3.34% # Loans % # Loans 0.06% 2.33% 0.81% 0.74% 3.94% 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 2,766,01 1,086,439 126,5 3,979,023 % Balance 1.84% 0.72% 0.08% 2.64% # Loans % # Loans 2.42% 0.62% 0.06% 3.10% FORECLOSURE Balance 66,3 235,71 1,216,59 1,518,612 % Balance 0.00% 0.04% 0.16% 0.81% 1.01% # Loans % # Loans 0.00% 0.06% 0.19% 0.99% 1.24% BANKRUPTCY Balance 304,2 273,2 63,6 641,13 % Balance 0.20% 0.18% 0.00% 0.04% 0.42% # Loans % # Loans 0.31% 0.19% 0.00% 0.06% 0.56% REO Balance % Balance 0.00% 0.00% 0.00% 0.00% 0.00% # Loans % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% TOTAL Balance 304,2 3,105,55 1,322,155 1,406,84 6,138,771 % Balance 0.20% 2.06% 0.88% 0.93% 4.07% # Loans % # Loans 0.31% 2.67% 0.81% 1.11% 4.90% 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 18 46 64 Number of Repurchased Loans Total Number of Loans Prepaid in Full 18 46 64 Paid in Full Balance 2,083,999 2,422,64 4,506,644 Repurchase Loans Balance Curtailments Amount Total Prepayment Amount 2,083,999 2,422,64 4,506,644 Cumulative Number of Paid in Full Loans 50 153 203 Number of Repurchased Loans 0 Total Number of Loans Prepaid in Full 50 153 203 Paid in Full Balance 5,098,552 9,124,88 14,223,438. Repurchase Loans Balance Curtailments Amount ( (1, (1,7 Total Prepayment Amount 5,098,126 9,123,52 14,221,651. SPACE INTENTIONALLY LEFT BLANK
Prepayment Report - Voluntary Prepayments
Voluntary Prepayment Rates Adjustable Fixed Total SMM 1.37% 0.66% 0.86% 3 Months Average SMM 0.96% 0.69% 0.77% 12 Months Average SMM Average SMM Since Cut-Off 0.84% 0.62% 0.69% CPR 15.26% 7.60% 9.89% 3 Months Average CPR 10.97% 7.98% 8.86% 12 Months Average CPR Average CPR Since Cut-Off 9.64% 7.24% 7.95% PSA 1230.85% 659.33% 840.31% 3 Months Average PSA Approximation 1045.76% 833.38% 900.29% 12 Months Average PSA Approximation Average PSA Since Cut-Off Approximation 997.91% 823.20% 878.18%
Realized Loss Report - Collateral
Collateral Realized Losses Adjustable Fixed Total Current Number of Loans Liquidated Collateral Realized Loss / (Gain) Amount Net Liquidation Proceeds Cumulative Number of Loans Liquidated Collateral Realized Loss / (Gain) Amount Net Liquidation Proceeds 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 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 12 Months Average CDR Average CDR Since Cut-Off 0.00% 0.00% 0.00% SDA 0.00% 0.00% 0.00% 3 Months Average SDA Approximation 12 Months Average SDA Approximation Average SDA Since Cut-Off Approximation 0.00% 0.00% 0.00% Loss Severity Approximation for Current Period 3 Months Average Loss Severity Approximation 12 Months Average Loss Severity Approximation Average Loss Severity Approximation Since Cut-Off
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 8.040000% Class A-6 7.590000% Class A-7 6.881250%
Additional Information Adjustable Fixed Total SUPPLEMENTAL INTEREST ACCOUNT Supplemental Interest Amount Supplemental Interest Shortfall Carry-Forward Amount Supplemental Interest Shortfall Amount Deposit to Supp Int Acct (Class B Distribution) Payment to Supplemental interest Right Supplemental Interest Account Ending Balance
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