-----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, Lvqz5bQQrorkTojzj5Eqc4eM8HBviNoZ6iEoGjuu81lQoVBjnIeTdZ4v5vIDEgH1 y5R5MlBn1e9lCFX9afNgAA== 0001095226-99-000012.txt : 19991202 0001095226-99-000012.hdr.sgml : 19991202 ACCESSION NUMBER: 0001095226-99-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991130 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991201 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: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-75295-02 FILM NUMBER: 99767137 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: November 26, 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 October 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 October 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 October 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 November 26, 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. 272,827,44 1,401,42 4,316,845 5,718,26 Certs Totals 275,000,000. 272,827,44 1,401,42 4,316,845 5,718,26
Current Deferred Principal Class Interest Balance Notes 268,510,599.24 Certs - Totals 268,510,599.24
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 10/25/99 11/25/99 A-Act/360 00759OAVO 275,000,000. 992.099 Certs -
Current Total Principal Class Interest Principal Distribution Balance Notes 5.0 15. 20.7 976.402179 Certs -
Distribution in Dollars - To Date
Original Unscheduled Scheduled Total Total Class Face Value Interest Principal Principal Principal Distribution Notes 275,000,000. 2,587,3 6,489,400 6,489,40 9,076,761 Certs Totals 275,000,000. 2,587,3 6,489,400 6,489,40 9,076,761
Current Realized Deferred Principal Class Losses Interest Balance Notes 268,510,599.24 Certs - Totals 268,510,599.24
Interest Detail
Pass Prior Principal Non- Prior Unscheduled Through (with Notional) Accrued Supported Unpaid Interest Class Rate Balance Interest Interest SF Interest Adjustments Notes 5.77875% 272,827,44 1,401,42 Certs Totals 272,827,44 1,401,42
Paid or Current Optimal Deferred Unpaid Class Interest Interest Interest Notes 1,401,42 1,401,4 - Certs - Totals 1,401,42 1,401,4 -
Collection Account Report
Summary Total Principal Collections 3,339,483 Principal Withdrawals Principal Other Accounts TOTAL NET PRINCIPAL 3,339,483 Interest Collects 1,975,645 Interest Withdrawals Interest Fees (126,62 Interest Other Accounts 529,76 TOTAL INTEREST 2,378,785 TOTAL AVAILABLE TO BONDHOLDERS 5,718,268
Principal - Collections Total Principal Received 3,339,483 Repurchases/Substitutions Liquidations Insurance Principal Realized Losses TOTAL PRINCIPAL COLLECTED 3,339,483
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 1,975,645 Repurchases/Substitutions Liquidations Insurance Interest Other Additional Interest Interest Realized Losses TOTAL INTEREST COLLECTED 1,975,645
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 272,31 Pre-Funding Interest Earnings 257,45 Collection Account Interest Earnings TOTAL OTHER ACCOUNT INTEREST 529,76
Interest - Fees Total Servicing Fees 63,4 Indenture Trustee Fees 3,6 Owner Trustee Fees Certificate Insurer Premiums 59,1 TOTAL INTEREST FEES 126,62
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 17,772,281.11 Overcollateralization Deficit Overcollateralization Reduction Amount
Delinquency Report - Total
Current 1 Payment 2 Payments 3+ Payments Total DELINQUENT Balance 1,910,85 731,71 191,1 2,833,700 % Balance 0.93% 0.36% 0.09% 1.38% # Loans 69 28 8 105 % # 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 27 30,3 42,4 100,51 % Balance 0.01% 0.01% 0.00% 0.02% 0.04% # Loans 2 4 % # 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 27 1,941,17 731,71 233,5 2,934,215 % Balance 0.01% 0.94% 0.36% 0.11% 1.42% # 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 5.408750% Next LIBOR 5.590000% Next Notes Pass Through Rate 5.960000% Net Funds Cap Rate 11.707013% 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 288,582,093. Total Principal Received (3,339,483 Draws 1,040,269 Ending Pool & Prefunded Balance 286,282,880. PREFUNDING INFORMATION Beginning Prefunding Balance 105,273,487. Prefunding Withdrawals (23,549,094. Prefunding Termination Ending Prefunding Amount 81,724,392. Interest Earned On Prefunding Account Beginning Capitalized Interest Balance 1,529,038 Capitalized Interest Requirement 272,31 Capitalized Interest Termination Ending Capitalized Interest Account 1,256,726
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