-----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, C0KSRHrRIHIyNcCZzXloHs5mKkmOdSFYcAAb0tbyPVLjRPBgEeM6o/bhXwTIkN3w 0KSK6bLqYla9lfe7pvILlA== 0001095226-99-000001.txt : 19991102 0001095226-99-000001.hdr.sgml : 19991102 ACCESSION NUMBER: 0001095226-99-000001 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 REVOLVING HOME EQUITY LOAN TRUST 1999 B CENTRAL INDEX KEY: 0001095226 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: 333-75295-02 FILM NUMBER: 99738923 BUSINESS ADDRESS: STREET 1: ATTN: GENERAL COUNSEL STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 2156574000 MAIL ADDRESS: STREET 1: ATTN: GENERAL COUNSEL STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 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 25, 1999 ADVANTA Revolving Home Equity Loan Trust 1999-B New York 333-75295-02 "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 Revolving Home Equity Loan Asset Backed Notes, Series 1999-B, (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 September 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 Revolving Home Equity Loan Asset Backed Notes, Series 1999-B, issued by the ADVANTA Revolving Home Equity Loan Trust 1999-B. EXHIBIT INDEX Exhibit 1. Monthly Report for the September 1999 Monthly Period relating to the Revolving Home Equity Loan Asset Backed Notes, Series 1999-B, issued by the ADVANTA Revolving Home Equity Loan Trust 1999-B. 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 Revolving Home Equity Loan Trust 1999-B BY: ADVANTA Mortgage Corp., USA BY: /s/ H. John Berens H. John Berens Senior Vice President Advanta Mortgage October 28, 1999 EXHIBIT 1
ADVANTA Revolving Home Equity Loan Trust 1999-B Statement to Certificateholders Distribution in Dollars - Current Period Prior Original Principal Total Realized Class Face Value Balance Interest Principal Distribution Losses Notes 275,000,000. 275,000,00 1,185,93 2,172,555 3,358,49 Certs Totals 275,000,000. 275,000,00 1,185,93 2,172,555 3,358,49
Current Deferred Principal Class Interest Balance Notes 272,827,444.59 Certs - Totals 272,827,444.59
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 Notes 9/28/99 10/24/99 A-Act/360 00759OAVO 275,000,000. 1,000.0000 Certs -
Current Total Principal Class Interest Principal Distribution Balance Notes 4.3 7 12.2 992.099799 Certs -
Distribution in Dollars - To Date
Original Unscheduled Scheduled Total Total Class Face Value Interest Principal Principal Principal Distribution Notes 275,000,000. 1,185,9 2,172,555 2,172,55 3,358,492 Certs Totals 275,000,000. 1,185,9 2,172,555 2,172,55 3,358,492
Current Realized Deferred Principal Class Losses Interest Balance Notes 272,827,444.59 Certs - Totals 272,827,444.59
Interest Detail
Pass Prior Principal Non- Prior Unscheduled Through (with Notional) Accrued Supported Unpaid Interest Class Rate Balance Interest Interest SF Interest Adjustments Notes 5.75000% 275,000,00 1,185,93 Certs Totals 275,000,00 1,185,93
Paid or Current Optimal Deferred Unpaid Class Interest Interest Interest Notes 1,185,93 1,185,9 - Certs - Totals 1,185,93 1,185,9 -
Collection Account Report
Summary Total Principal Collections 1,615,739 Principal Withdrawals Principal Other Accounts TOTAL NET PRINCIPAL 1,615,739 Interest Collects 1,460,048 Interest Withdrawals Interest Fees (244,53 Interest Other Accounts 527,24 TOTAL INTEREST 1,742,753 TOTAL AVAILABLE TO BONDHOLDERS 3,358,492
Principal - Collections Total Principal Received 1,615,739 Repurchases/Substitutions Liquidations Insurance Principal Realized Losses TOTAL PRINCIPAL COLLECTED 1,615,739
Collection Account Report
Principal - Withdrawals Total SPACE INTENTIONALLY LEFT BLANK
Principal - Other Accounts Total Prefunded Termination Amt Other Principal TOTAL OTHER ACCOUNTS PRINCIPAL
Interest - Collections Total Interest Received 1,460,048 Repurchases/Substitutions Liquidations Insurance Interest Other Additional Interest Interest Realized Losses TOTAL INTEREST COLLECTED 1,460,048
Collection Account Report
Interest - Withdrawals Total Insurer Reimbursement Amounts Reimburse Indenture And Owner Trustee Expenses Reimburse to Servicer Nonrecoverable Advances TOTAL INTEREST WITHDRAWALS
Interest - Other Accounts Total Capitalized Interest Requirement 231,20 Pre-Funding Interest Earnings 296,03 Collection Account Interest Earnings TOTAL OTHER ACCOUNT INTEREST 527,24
Interest - Fees Total Servicing Fees 180,92 Indenture Trustee Fees 3,6 Owner Trustee Fees Certificate Insurer Premiums 59,5 TOTAL INTEREST FEES 244,53
Credit Enhancement Report
Accounts Total SPACE INTENTIONALLY LEFT BLANK
Insurance Total SPACE INTENTIONALLY LEFT BLANK
Structural Features Total Specified Overcollateralization Amount 34,736,842.11 Current Overcollateralization Amount 15,754,648.93 Overcollateralization Deficit Overcollateralization Reduction Amount
Delinquency Report - Total
Current 1 Payment 2 Payments 3+ Payments Total DELINQUENT Balance 1,207,89 206,61 1,414,512 % Balance 0.66% 0.11% 0.00% 0.77% # Loans 46 9 55 % # Loans 0.00% 0.00% 0.00% 0.00% FORECLOSURE Balance % Balance 0.00% 0.00% 0.00% 0.00% 0.00% # Loans % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% BANKRUPTCY Balance 14 30,3 41,9 86,3 % Balance 0.01% 0.02% 0.02% 0.00% 0.05% # Loans 1 3 % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% 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 14 1,238,19 248,56 1,500,838 % Balance 0.01% 0.68% 0.13% 0.00% 0.82% # Loans % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
Triggers, Adj. Rate Cert. And Miscellaneous Report
Trigger Events Total Overcollateralization Trigger Event Occurred? No
Adjustable Rate Certificate Information Total Current LIBOR 5.380000% Next LIBOR 5.408750% Next Notes Pass Through Rate 5.778750% Net Funds Cap Rate 11.024363% Net Funds Cap Carry-Forward Amount
Additional Information Adjustable Fixed Total SPACE INTENTIONALLY LEFT BLANK
Other Related Information
Additional Information Total POOL INFORMATION Beginning Pool & Prefunded Balance 289,473,684. Total Principal Received (1,615,739 Draws 724,14 Prefunding Withdrawals Prefunding Termination Ending Pool & Prefunded Balance 288,582,093. PREFUNDING INFORMATION Beginning Prefunding Balance 105,273,487. Prefunding Withdrawals Prefunding Termination Ending Prefunding Amount 1,297,833 Interest Earned On Prefunding Account Beginning Capitalized Interest Balance 1,529,038 Capitalized Interest Requirement 231,20 Capitalized Interest Termination Ending Capitalized Interest Account 1,297,833
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