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: April 25, 2000 ADVANTA Mortgage Loan Trust 1998-4A, 1998-4B, 1998-4C New York 333-52351-02 88-0360305 333-52351-03 23-2723382 333-52351-04 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 March, 2000 Monthly Period of the Trust in respect of the Mortgage Backed Notes, Series 1998-4, Class A, Class B and Class C (the "Certificates") issued by the Registrant and the performance of the Trust (including distributions of principal and interest, delinquent balances of Home 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 November 1, 1998 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 March 2000 Monthly Period relating to the Mortgage Backed Notes Series 1998-4, Class A, Class B, and Class C issued by the ADVANTA Mortgage Loan Trust 1998-4A, 1998-4B, 1998-4C. EXHIBIT INDEX Exhibit 1. Monthly Report for the March 2000 Monthly Period relating to the Mortgage Backed Notes, Series 1998-4, Class A, Class B, and Class C issued by the ADVANTA Mortgage Loan Trust 1998-4A, 1998-4B, 1998-4C. 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 1998-4A, 19984-B, 1998-4C. BY: ADVANTA Mortgage Corp., USA BY: /s/ H. John Berens H. John Berens Senior Vice President Advanta Mortgage April 28, 2000 EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4A Statement to Certificateholders Original Prior Face Principal Class Value Balance Interest Principal Total A 650,000,000 518,213,07 2,849,09 8,662,6 11,511,744.15 A Certificate 904,0 904,033.86 Totals 650,000,000 518,213,07 3,753,12 8,662,6 12,415,778.01 Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A 509,550,422. 6.825000% 6.845000% A Certificate NA NA Totals 509,550,422.18 Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A 00755WGC4 797.250883 4.383219 13.327157 17.710376 783.923726 A Certificate 0.000000 1.390821 0.000000 1.390821 0.000000 Delinquent Loan Information: 90+ Days Loans Loans 30-59 60-89 excldg f/c,REO in in Days Days & Bkrptcy Bankruptcy REO Trust A Principal Balan 13,481,152.47 2,273,010.14 963,546.45 9,462,868.81 2,433,201.88 % of Pool Balan 2.52316% 0.42542% 0.18034% 1.77109% 0.45540% Number of Loans 230 45 27 164 50 % of Loans 2.71707% 0.53160% 0.31896% 1.93739% 0.59067% Loans in Foreclosure Trust A Principal Balan 13,875,913.95 % of Pool Balan 2.59704% Number of Loans 238 % of Loans 2.81158% General Mortgage Loan Information: Trust A Beginning Aggregate Mortgage Loan Balance 542,959,293.83 Prefunding 0.00 Principal Reduction 8,662,651.85 Ending Aggregate Mortgage Loan Balance 534,296,641.98 Beginning Aggregate Mortgage Loan Count 8601 Ending Aggregate Mortgage Loan Count 8465 Current Weighted Average Coupon Rate 9.578438% Next Weighted Average Coupon Rate 9.572265% Mortgage Loan Principal Reduction Information: Trust A Scheduled Principal 878,375.12 Curtailments 0.00 Prepayments 7,185,949.32 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 598,327.41 Other Principal 0.00 Less: Realized Losses 240,007.67 Total Principal Reduction 8,902,659.52 Servicer Information: Trust A Accrued Servicing Fee for the Current Period 226,233.03 Less: Amounts to Cover Interest Shortfalls 11,901.00 Less: Delinquent Service Fees 55,528.00 Collected Servicing Fees for Current Period: 158,804.03 Advanced Principal N/A Advanced Interest 1,071,180.64 Other Scheduled Interest Available Available Funds Prepayment Unscheduled Principal Carry Funds Cap Cap Carry Principal Principal Distribution Forward Current Forward Class Distributed Distributed Amount Amount Amount Amount Class A 7,185,9 598 8,422,64 - - Total 7,185,9 598 8,422,64 - Applied Realized Loss Amount Class A - - Total - Prior Current Has a Remaining Over- Accelerated Extra Over Trigger Event Pre-Funded Collateral Principal Principal Collateral Occurred Amount Amount Distributed Distributed Amount Trust A NO 0.00 24,746,219.80 240,007.67 0.00 24,746,219.80 Total 24,746,219 240, 0.00 24,746,219.80 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust A 24,746,219.80 0.00 Total 24,746,219.80 0.00 Trust A Insured Payment 0.00 Pool Rolling six month delinquency rate 0.025861 Pool Cumulative Realized Losses - Average of 12 preceeding remittance periods 0.00% Pool Cumulative Realized Losses - Percentage of the original aggregate loan balance 0.00% Book Value of REO loans 0.00 Cumulative Number of Mortgage loans repurchased to date 11 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 66,257.74 Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00 TOTAL AVAILABLE FUNDS: Current Interest Collected: 3,207,209.82 Principal Collected: 8,064,324.44 Insurance Proceeds Received: - Net Liquidation Proceeds: 358,319.74 Delinquency Advances on Mortgage Interest: 1,071,180.64 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 11,998.00 Capitalized Interest Requirement: - Capitalized Interest Fund Earnings 0.00 Capitalized Interest Account 0.00 Investment Earnings on Pre-Funding Account 0.00 Unreimbursed Delq/Servicing Advances Paid Back To CertificateHo - Sum of the Above Amounts: 12,713,032.64 LESS: Servicing Fees (including PPIS): 170,705.03 Non Recoverable Advance 707.07 Indenture Trustee Fees: 3,167.26 Owner Trustee Fees: 277.78 Insurance Premiums: 56,139.75 Reimbursement of Delinquency Advances/Servicing Advances 66,257.74 Total Reductions to Available Funds Amount: 297,254.63 Total Available Funds: 12,415,778.01 EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4B Statement to Certificateholders Original Prior Face Principal Class Value Balance Interest Principal Total B 350,000,000 277,953,84 1,528,16 4,217,0 5,745,186.95 B Certificate 249,1 249,126.62 Totals 350,000,000 277,953,84 1,777,29 4,217,0 5,994,313.57 Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next B 273,736,827. 6.825000% 6.845000% B Certificate NA NA Totals 273,736,827.31 Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance B 00755WGD2 794.153849 4.366192 12.048628 16.414820 782.105221 B Certificate 0.000000 0.383272 0.000000 0.383272 0.000000 Delinquent Loan Information: 90+ Days Loans Loans 30-59 60-89 excldg f/c,REO in in Days Days & Bkrptcy Bankruptcy REO Trust B Principal Balan 7,095,445.15 1,088,541.60 410,682.18 5,646,099.60 2,002,636.96 % of Pool Balan 2.47175% 0.37920% 0.14306% 1.96686% 0.69763% Number of Loans 119 17 6 89 27 % of Loans 3.11518% 0.44503% 0.15707% 2.32984% 0.70681% Loans in Foreclosure Trust B Principal Balan 10,532,663.61 % of Pool Balan 3.66913% Number of Loans 163 % of Loans 4.26702% General Mortgage Loan Information: Trust B Beginning Aggregate Mortgage Loan Balance 291,278,720.27 Subsequent Mortgage Loans Added This Period 0.00 Principal Reduction 4,217,019.86 Ending Aggregate Mortgage Loan Balance 287,061,700.41 Beginning Aggregate Mortgage Loan Count 3,875 Ending Aggregate Mortgage Loan Count 3,820 Current Weighted Average Coupon Rate 9.587892% Next Weighted Average Coupon Rate 9.574066% Mortgage Loan Principal Reduction Information: Trust B Scheduled Principal 392,682.72 Curtailments 0.00 Prepayments 2,857,567.13 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 966,770.01 Other Principal 0.00 Less: Realized Losses 332,339.85 Total Principal Reduction 4,549,359.71 Servicer Information: Trust B Accrued Servicing Fee for the Current Period 121,366.13 Less: Amounts to Cover Interest Shortfalls 2,021.66 Less: Delinquent Service Fees 28,822.25 Collected Servicing Fees for Current Period: 90,522.22 Advanced Principal N/A Advanced Interest 560,993.20 Other Scheduled Interest Available Available Funds Prepayment Unscheduled Principal Carry Funds Cap Cap Carry Principal Principal Distribution Forward Current Forward Class Distributed Distributed Amount Amount Amount Amount Class B 2,857,5 966 3,884,68 - - - Total 2,857,5 966 3,884,68 - Unpaid Realized Loss Amount Class B - - Total - Prior Current Has a Remaining Over- Accelerated Extra Over Trigger Event Pre-Funded Collateral Principal Principal Collateral Occurred Amount Amount Distributed Distributed Amount Trust B NO 0.00 13,324,873.10 332,339.85 0.00 13,324,873.10 Total 13,324,873 332, 0.00 13,324,873.10 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust B 13,324,873.10 0.00 Total 13,324,873.10 0.00 Trust B Insured Payment 0.00 Pool Rolling six month delinquency rate 0.04 Pool Cumulative Realized Losses - Average of 12 preceeding remittance periods 0.00% Pool Cumulative Realized Losses - Percentage of the original aggregate loan balance 0.00% Book Value of REO loans 0.00 Cumulative Number of Mortgage loans repurchased to date 8 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 69,997.51 Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00 TOTAL AVAILABLE FUNDS: Current Interest Collected: 1,737,475.33 Principal Collected: 3,250,249.85 Insurance Proceeds Received: - Net Liquidation Proceeds: 634,430.16 Delinquency Advances on Mortgage Interest: 560,993.20 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 5,795.00 Capitalized Interest Requirement: 0.00 Capitalized Interest Account Earnings 0.00 Capitalized Interest Account 0.00 Reversal of Realized Loss Amount - Unreimbursed Delq/Servicing Advances Paid Back 0.00 Sum of the Above Amounts: 6,188,943.54 LESS: Servicing Fees (including PPIS): 92,543.88 Non-Recoverable Advance - Indenture Trustee Fees: 1,699.13 Owner Trustee Fees: 277.78 Insurance Premiums: 30,111.67 Reimbursement of Delinquency Advances/Servicin 69,997.51 Total Reductions to Available Funds Amount: 194,629.97 Total Available Funds: 5,994,313.57 EXHIBIT 1 ADVANTA Mortgage Loan Trust 1998-4C Statement to Certificateholders Original Prior Face Principal Class Value Balance Interest Principal Total C 100,000,000 73,487,8 395,1 1,632,2 2,027,394.26 C Certificate 105,1 105,107.12 Totals 100,000,000 73,487,8 500,2 1,632,2 2,132,501.38 Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next C 71,855,576 6.675000% 6.695000% C Certificate NA NA Totals 71,855,576.95 Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance C 00755WGE0 734.878211 3.951501 16.322441 20.273942 718.555770 C Certificate 0.000000 0.161703 0.000000 0.161703 0.000000 Delinquent Loan Information: 90+ Days Loans Loans 30-59 60-89 excldg f/c,REO in in Days Days & Bkrptcy Bankruptcy REO Trust C Principal Balan 1,826,564.82 493,505.50 354,722.99 1,655,482.73 689,112.81 % of Pool Balan 2.38074% 0.64323% 0.46234% 2.15775% 0.89819% Number of Loans 22 8 3 22 6 % of Loans 2.63158% 0.95694% 0.35885% 2.63158% 0.71770% Loans in Foreclosure Trust C Principal Balan 3,565,429.25 % of Pool Balan 4.64717% Number of Loans 39 % of Loans 4.66507% General Mortgage Loan Information: Trust C Beginning Aggregate Mortgage Loan Balance 78,354,906.27 Prefunding N/A Principal Reduction 1,632,244.12 Ending Aggregate Mortgage Loan Balance 76,722,662.15 Beginning Aggregate Mortgage Loan Count 850 Ending Aggregate Mortgage Loan Count 836 Current Weighted Average Coupon Rate 9.617514% Next Weighted Average Coupon Rate 9.618146% Mortgage Loan Principal Reduction Information: Trust C Scheduled Principal 45,817.33 Curtailments 0.00 Prepayments 1,326,169.41 Repurchases 0.00 Substitutions 0.00 Liquidation Proceeds 260,257.38 Other Principal 0.00 Less: Realized Losses 61,046.28 Total Principal Reduction 1,693,290.40 Servicer Information: Trust C Accrued Servicing Fee for the Current Period 32,647.87 Less: Amounts to Cover Interest Shortfalls 325.19 Less: Delinquent Service Fees 7,844.76 Collected Servicing Fees for Current Period: 24,477.92 Advanced Principal N/A Advanced Interest 148,349.93 Other Scheduled Interest Available Available Funds Prepayment Unscheduled Principal Carry Funds Cap Cap Carry Principal Principal Distribution Forward Current Forward Class Distributed Distributed Amount Amount Amount Amount Class C 1,326,1 260 1,571,19 - - . - Total 1,326,1 260 1,571,19 - Unpaid Realized Loss Amount Class C - - Total - Prior Current Has a Over- Accelerated Extra Over Trigger Event Collateral Principal Principal Collateral Occurred Amount Distributed Distributed Amount Trust C NO 4,867,085.20 61,046.28 0.00 4,867,085.20 Total 4,867,08 61 0.00 4,867,085.20 Specified Over- Over- Collateral Collateral Deficit Amount Amount Trust C 4,867,085.20 0.00 Total 4,867,085.20 0.00 Trust C Insured Payment 0.00 Pool Rolling six month delinquency rate 0.05 Pool Cumulative Realized Losses - Average of 12 preceeding remittance periods 0.00% Pool Cumulative Realized Losses - Percentage of the original aggregate loan balance 0.00% Book Value of REO loans 0.00 Cumulative Number of Mortgage loans repurchased to date 3 Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 25,864.38 Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00 TOTAL AVAILABLE FUNDS: Current Interest Collected: 471,788.13 Principal Collected: 1,371,986.74 Insurance Proceeds Received: - Net Liquidation Proceeds: 199,211.10 Delinquency Advances on Mortgage Interest: 148,349.93 Delinquency Advances on Mortgage Principal NA Repurchase and Substitution Amounts: - Trust Termination Proceeds: - Investment Earnings on Note Account: 2,060.00 Sum of the Above Amounts: 2,193,395.90 LESS: Servicing Fees (including PPIS): 24,803.11 Non-Recoverable Advance - Indenture Trustee Fees: 457.07 Owner Trustee Fees: 277.78 Insurance Premiums: 9,492.18 Reimbursement of Delinquency Advances/Servicin 25,864.38 Total Reductions to Available Funds Amount: 60,894.52 Total Available Funds: 2,132,501.38