-----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, KmgOLS9dwQVgeehlvqb9vIeta0v7MNIRU/oYPJydFmX9VGIpFctYcgRtl9L3VWav Lp0NGzQv+f7PLpEfHNO02A== 0001095226-99-000003.txt : 19991102 0001095226-99-000003.hdr.sgml : 19991102 ACCESSION NUMBER: 0001095226-99-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991031 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991101 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: 99738933 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: October 29, 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 September 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 September 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 September 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 October 29, 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-1 117,581,000 115,471,770. 655,3 3,899,172 4,554,47 A-2 69,182,00 69,182,000 416,8 416,8 A-3 46,259,00 46,259,000 284,4 284,4 A-4 74,498,00 74,498,000 481,1 481,1 A-5 29,980,00 29,980,000 200,8 200,8 A-6 37,500,00 37,500,000 237,1 237,1 A-7 150,000,000 148,840,373. 669,4 2,111,595 2,781,00 B BS R-II Totals 525,000,000 521,731,143. 2,945,21 6,010,767 8,955,98
Current Deferred Principal Class Interest Balance A-1 111,572,597.73 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-7 146,728,778.31 B - BS - R-II - Totals 515,720,376.04
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 9/27/99 10/24/99 F-30/360 00755WGV2 117,581,000. 982.061 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 9/27/99 10/24/99 A-Act/360 00755WHB5 150,000,000. 992.269 B BS R-II
Current Total Principal Class Interest Principal Distribution Balance A-1 5. 33.1 38.7 948.899888 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 4. 14.0 18.5 978.191855 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 1,322,57 5,214,98 793,41 6,008,40 7,330,976 A-2 69,182,00 833,6 833,64 A-3 46,259,00 568,9 568,98 A-4 74,498,00 962,2 962,26 A-5 29,980,00 401,7 401,73 A-6 37,500,00 474,3 474,37 A-7 150,000,000 1,480,45 2,956,83 314,39 3,271,22 4,751,672 B BS R-II 693,0 693,02 Totals 525,000,000 6,737,05 8,171,81 1,107,808 9,279,62 16,016,676.
Current Realized Deferred Principal Class Losses Interest Balance A-1 111,572,597.73 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-7 146,728,778.31 B - BS - R - Totals 515,720,376.04
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% 115,471,770. 655,3 A-2 7.23000% 69,182,000 416,8 A-3 7.38000% 46,259,000 284,4 A-4 7.75000% 74,498,000 481,1 A-5 8.04000% 29,980,000 200,8 A-6 7.59000% 37,500,000 237,1 A-7 5.78250% 148,840,373. 669,4 B BS R-II Totals 521,731,143. 2,945,21
Paid or Current Optimal Deferred Unpaid Class Interest Interest Interest A-1 655,3 655,3 - 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-7 669,4 669,4 - B - BS - R-II - Totals 2,945,2 2,945,21 -
Collection Account Report
Summary Adjustable Fixed Total Principal Collections 1,673,203 3,351,75 5,024,954 Principal Withdrawals Principal Other Accounts TOTAL PRINCIPAL 1,673,203 3,351,75 5,024,954 Interest Collected 1,211,005 3,073,52 4,284,527 Interest Withdrawals Interest Other Accounts Fees (103,20 (250,2 (353,50 TOTAL INTEREST 1,107,801 2,823,22 3,931,025 TOTAL AVAILABLE TO CERTIFICATEHOLDERS 2,781,004 6,174,97 8,955,980
Principal - Collections Adjustable Fixed Total Scheduled Principal 82,3 440,8 523,15 Curtailments Prepayments in Full 1,590,883 2,910,91 4,501,803 Repurchased Principal Amounts Substitution Principal Amount Liquidations Insurance Principal Other Principal Total Realized Loss of Principal TOTAL PRINCIPAL COLLECTED 1,673,203 3,351,75 5,024,954
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 1,225,260 3,104,02 4,329,282 Repurchased Interest Substitution Interest Amount Liquidation Interest Insurance Interest Other Interest Delinquent Interest (190,20 (430,4 (620,62 Interest Advanced 175,94 399,9 575,86 Prepayment Interest Shortfalls (1, (1,8 Compensating Interest 1, 1,8 Civil Relief Act Shortfalls TOTAL INTEREST COLLECTED 1,211,005 3,073,52 4,284,527
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 82,4 204,4 286,90 Trustee Fee Amount 1,1 2, 3,9 Insurance Premium Amount 19,5 43,0 62,6 TOTAL FEES 103,20 250,2 353,50
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 6,373,350.88 3,543,204.54 9,916,555.42 Overcollateralization Deficiency Amount 3,328,144.07 8,711,165.44 12,039,309.51 Overcollateralization Deficit Amount Overcollateralization Increase Amount 438,391.69 547,421.34 985,813.03 Overcollateralization Reduction Amount Components of Change in Overcollateralization* Excess Interest Generated by Pool 438,391.69 547,421.34 985,813.03 Pre-Funding Account Interest Earnings Additional Principal TOTAL 438,39 547,421.34 985,813.03 *(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 141,853,607.38 329,463,403.08 471,317,010.46 Prefunding 12,921,725. 46,423,150 59,344,875. Scheduled Principal (82,319.83) (440,831.63) (523,151.46) Partial and Full Voluntary Prepayments (1,590,883 (2,910,91 (4,501,803 Repurchases Liquidations Current 153,102,129. 372,534,802. 525,636,931.
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 12,921,725. 46,423,150 59,344,875. 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 9.495321% 9.907285% 9.783205% Weighted Average Coupon Current 9.499657% 9.909442% 9.789922% Weighted Average Months to Maturity Original 348 246 277 Weighted Average Months to Maturity Prior 348 246 277 Weighted Average Months to Maturity Current 346 244 274 Weighted Average Remaining Amortization Term Original 348 302 316 Weighted Average Remaining Amortization Term Prior 348 302 316 Weighted Average Remaining Amortization Term Current 347 296 311 Weighted Average Seasoning Original 3.58 3.22 3.33 Weighted Average Seasoning Prior 3.58 3.22 3.33 Weighted Average Seasoning Current 4.28 3.82 3.95 Note: Original information refers to deal issue
Collateral Report
Arm Characteristics Adjustable Fixed Total Weighted Average Margin Original 5.302% Weighted Average Margin Prior 5.302% Weighted Average Margin Current 5.243% Weighted Average Max Rate Original 16.388% 9.907% Weighted Average Max Rate Prior 16.388% 9.907% Weighted Average Max Rate Current 16.402% 9.909% Weighted Average Min Rate Original 9.008% 9.157% Weighted Average Min Rate Prior 9.008% 9.157% Weighted Average Min Rate Current 8.946% 9.159% Weighted Average Cap Up Original 1.082% Weighted Average Cap Up Prior 1.082% Weighted Average Cap Up Current 1.075% Weighted Average Cap Down Original 1.082% Weighted Average Cap Down Prior 1.082% Weighted Average Cap Down Current 1.075% Note: Original information refers to deal issue
Servicing Fees / Advances Adjustable Fixed Total Current Servicing Fees 82,4 204,4 286,90 Delinquent Servicing Fees 14,2 30,4 44,7 TOTAL SERVICING FEES 96,7 234,9 331,66 Total Servicing Fees 96,7 234,9 331,66 Compensating Interest (1, (1,8 Delinquent Servicing Fees (14,2 (30,4 (44,7 COLLECTED SERVING FEES 82,4 202,5 285,00 Prepayment Interest Shortfall 1, 1,8 Total Advanced Interest 175,94 399,9 575,86 Current Nonrecoverable Advances Unreimbursed Delq/Servicing Advances Paid To Servicer
Additional Collateral Information Adjustable Fixed Total Weighted Average Coupon Next 9.496136% 9.903984% 9.785190%
Delinquency Report - Total
Current 1 Payment 2 Payments 3+ Payments Total DELINQUENT Balance 6,825,02 1,181,163 67,9 8,074,156 % Balance 1.30% 0.22% 0.01% 1.53% # Loans 107 15 1 123 % # Loans 1.50% 0.21% 0.01% 1.72% FORECLOSURE Balance 410,69 357,5 768,20 % Balance 0.00% 0.00% 0.08% 0.07% 0.15% # Loans 8 4 12 % # Loans 0.00% 0.00% 0.11% 0.06% 0.17% BANKRUPTCY Balance 259,8 23,4 130,89 414,19 % Balance 0.05% 0.00% 0.02% 0.00% 0.07% # Loans 3 0 6 % # Loans 0.04% 0.01% 0.03% 0.00% 0.08% 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 259,8 6,848,45 1,722,751 425,4 9,256,560 % Balance 0.05% 1.30% 0.32% 0.08% 1.75% # Loans % # Loans 0.04% 1.51% 0.35% 0.07% 1.97% 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 4,501,59 768,61 67,9 5,338,179 % Balance 1.21% 0.21% 0.02% 1.44% # Loans % # Loans 1.40% 0.20% 0.02% 1.62% FORECLOSURE Balance 277,94 312,5 590,50 % Balance 0.00% 0.00% 0.07% 0.08% 0.15% # Loans % # Loans 0.00% 0.00% 0.11% 0.05% 0.16% BANKRUPTCY Balance 106,9 23,4 67,2 197,62 % Balance 0.03% 0.01% 0.02% 0.00% 0.06% # Loans % # Loans 0.02% 0.02% 0.02% 0.00% 0.06% 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 106,9 4,525,02 1,113,775 380,5 6,126,305 % Balance 0.03% 1.22% 0.30% 0.10% 1.65% # Loans % # Loans 0.02% 1.42% 0.33% 0.07% 1.84% 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 2,323,43 412,54 2,735,976 % Balance 1.52% 0.27% 0.00% 1.79% # Loans % # Loans 1.83% 0.24% 0.00% 2.07% FORECLOSURE Balance 132,75 44,9 177,70 % Balance 0.00% 0.00% 0.09% 0.03% 0.12% # Loans % # Loans 0.00% 0.00% 0.12% 0.06% 0.18% BANKRUPTCY Balance 152,8 63,6 216,57 % Balance 0.10% 0.00% 0.04% 0.00% 0.14% # Loans % # Loans 0.12% 0.00% 0.06% 0.00% 0.18% 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 152,8 2,323,43 608,97 44,9 3,130,255 % Balance 0.10% 1.52% 0.40% 0.03% 2.05% # Loans % # Loans 0.12% 1.83% 0.42% 0.06% 2.43% 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 16 38 54 Number of Repurchased Loans Total Number of Loans Prepaid in Full 16 38 54 Paid in Full Balance 1,590,883 2,910,91 4,501,803 Repurchase Loans Balance Curtailments Amount Total Prepayment Amount 1,590,883 2,910,91 4,501,803 Cumulative Number of Paid in Full Loans 22 61 83 Number of Repurchased Loans 0 Total Number of Loans Prepaid in Full 22 61 83 Paid in Full Balance 2,263,837 4,315,66 6,579,506 Repurchase Loans Balance Curtailments Amount ( (1, (1,7 Total Prepayment Amount 2,263,411 4,314,30 6,577,719 SPACE INTENTIONALLY LEFT BLANK
Prepayment Report - Voluntary Prepayments
Voluntary Prepayment Rates Adjustable Fixed Total SMM 1.03% 0.78% 0.85% 3 Months Average SMM 12 Months Average SMM Average SMM Since Cut-Off 0.75% 0.60% 0.64% CPR 11.67% 8.92% 9.73% 3 Months Average CPR 12 Months Average CPR Average CPR Since Cut-Off 8.64% 6.97% 7.46% PSA 1362.89% 1167.17% 1230.07% 3 Months Average PSA Approximation 12 Months Average PSA Approximation Average PSA Since Cut-Off Approximation 1099.71% 989.47% 1024.50%
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 5.808750%
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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