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: August 25, 1999 ADVANTA Mortgage Loan Trust 1999-2 New York 333-77927-02 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 July, 1999 Monthly Period of the Trust in respect of the Mortgage Loan Asset-Backed Certificates, Series 1999-2 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 May 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 July, 1999 Monthly period relating to the Mortgage Loan Asset- Backed Certificates Series 1999-2, Class A issued by the ADVANTA Mortgage Loan Trust 1999-2. EXHIBIT INDEX Exhibit 1. Monthly Report for the July, 1999 Monthly Period relating to the Mortgage Loan Asset-Backed Certificates, Series 1999-2, Class A issued by the ADVANTA Mortgage Loan Trust 1999-2. 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 1999-2 BY: ADVANTA Mortgage Corp., USA BY: /s/ H. John Berens H. John Berens Senior Vice President Advanta Mortgage September 13, 1999 EXHIBIT 1 ADVANTA Mortgage Loan Trust 1999-2 Statement to Certificateholders Original Prior Face Principal Class Value Balance Interest Principal Total A-1 114,000,000 107,230,704. 470,3 3,855,753 4,326,116.07 A-2 90,000,00 90,000,000 474,0 474,000.00 A-3 40,000,00 40,000,000 214,6 214,666.67 A-4 95,000,00 95,000,000 545,4 545,458.33 A-5 31,700,00 31,700,000 188,8 188,879.17 A-6 41,000,00 41,000,000 233,0 233,016.67 A-7 105,800,000 103,677,911. 465,1 1,613,109 2,078,256.30 B - BS - R - Totals 517,500,000 508,608,615. 2,591,53 5,468,862 8,060,393.21 Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A-1 103,374,951. 5.263750% 5.438750% A-2 90,000,000 6.320000% 6.320000% A-3 40,000,000 6.440000% 6.440000% A-4 95,000,000 6.890000% 6.890000% A-5 31,700,000 7.150000% 7.150000% A-6 41,000,000 6.820000% 6.820000% A-7 102,064,801. 5.383750% 5.558750% B 0.000000% 0.000000% BS 0.000000% 0.000000% R 0.000000% 0.000000% Totals 503,139,752.90 Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A-1 00755WGN0 940.620215 4.125991 33.822395 37.948386 906.797820 A-2 00755WGP5 1,000.000000 5.266667 0.000000 5.266667 1,000.000000 A-3 00755WGQ3 1,000.000000 5.366667 0.000000 5.366667 1,000.000000 A-4 00755WGR1 1,000.000000 5.741667 0.000000 5.741667 1,000.000000 A-5 00755WGS9 1,000.000000 5.958333 0.000000 5.958333 1,000.000000 A-6 00755WGT7 1,000.000000 5.683333 0.000000 5.683333 1,000.000000 A-7 00755WGU4 979.942449 4.396471 15.246783 19.643254 964.695666 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 0.000000 0.000000 0.000000 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 5,481,98 1,775,54 267,55 978,3 % of Pool Balan 1.35854% 0.44001% 0.06630% 0.24246% 0.00000% Number of Loans 95 31 8 14 0 % of Loans 1.66579% 0.54357% 0.14028% 0.24548% 0.00000% Group 2 Principal Balan 2,048,35 275,2 436,5 % of Pool Balan 1.98658% 0.26695% 0.00000% 0.42334% 0.00000% Number of Loans 28 2 0 3 0 % of Loans 2.44115% 0.17437% 0.00000% 0.26155% 0.00000% Loans in Foreclosure Group I Principal Balan 2,784,708.78 % of Pool Balan 0.69010% Number of Loans 37 % of Loans 0.64878% Group 2 Principal Balan 1,226,180.43 % of Pool Balan 1.18920% Number of Loans 14 % of Loans 1.22058% General Mortgage Loan Information: Group 1 Group II Total Beginning Aggregate Mortgage Loan Balance 406,535,836. 104,426,862. 510,962,698. Subsequent Mortgage Loans Added This Period 0.00 0.00 0.00 Principal Reduction 3,016,049 1,316,79 4,332,845 Ending Aggregate Mortgage Loan Balance 403,519,787. 103,110,066. 506,629,853. Beginning Aggregate Mortgage Loan Count 5753 1159 6912 Ending Aggregate Mortgage Loan Count 5703 1147 6850 Current Weighted Average Coupon Rate 9.652327% 9.665544% 9.655028% Next Weighted Average Coupon Rate 9.649458% 9.658513% 9.651301% Mortgage Loan Principal Reduction Information: Group 1 Group II Total Scheduled Principal 537,98 70,8 608,88 Curtailments Prepayments 2,478,065 1,245,89 3,723,962 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 p 0.00 0.00 0.00 Less: Realized Losses 0.00 0.00 0.00 Total Principal Reduction 3,016,049.04 1,316,796.26 4,332,845 Servicer Information: Group I Group II Total Accrued Servicing Fee for the Current Period 254,08 65,2 319,35 Less: Amounts to Cover Interest Shortfalls 1,3 58.43 1,3 Less: Delinquent Service Fees 35,4 10,7 46,2 Collected Servicing Fees for Current Period: 217,29 54,4 271,77 Advanced Principal N/A N/A 0.00 Advanced Interest 459,13 136,4 595,59 Other Interest Prepayment Unscheduled Carry Principal Principal Forward Class Distributed Distributed Amount A-1 2,478,0 - - A-2 - - A-3 - - A-4 - - A-5 - - A-6 - - A-7 1,245,8 - - Total 3,723,9 - - Over- Has a Specified Over- Collateral. Over Trigger Event Collateral. Increase Collateral. Occurred Amount Amount Amount Group I NO 6,175,50 839,70 2,444,835.50 Group II NO 5,555,67 296,31 1,045,264.62 Total 11,731,170 1,136,017 3,490,100.12 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) 2,043,095.51 275,251.27 2,318,346.78 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: 3,469,316.20 Principal Collected: 4,332,845.30 Insurance Proceeds Received: - Net Liquidation Proceeds: - Delinquency Advances on Mortgage Interest: 595,598.84 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 - Investment Earnings on Pre-funding Account - Pre-Funding Account - Sum of the Above Amounts: 8,397,760.34 LESS: Servicing Fees (including PPIS): 273,134.20 Dealer Reserve: - Trustee Fees: 3,832.22 Insurance Premiums: 60,400.72 Reimbursement of Delinquency Advances: - Reimbursements of Servicing Advances: - Total Reductions to Available Funds Amount: 337,367.14 Total Available Funds: 8,060,393