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: ################ 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 August, 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 August, 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 August, 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 October 26, 1999 EXHIBIT 1 ADVANTA Mortgage Loan Trust 1999-2 Statement to Certificateholders Distribution in Dollars - Current Period Prior Original Principal Total Realized Class Face Value Balance Interest Principal Distribution Losses A-1 114,000,000 103,374,951 515,3 4,994,460 5,509,83 A-2 90,000,00 90,000,00 474,0 474,0 A-3 40,000,00 40,000,00 214,6 214,6 A-4 95,000,00 95,000,00 545,4 545,4 A-5 31,700,00 31,700,00 188,8 188,8 A-6 41,000,00 41,000,00 233,0 233,0 A-7 105,800,000 102,064,801 520,0 1,832,929 2,353,00 B BS R Totals 517,500,000 503,139,752 2,691,47 6,827,390 9,518,86 Current Deferred Principal Class Interest Balance A-1 98,380,490.57 A-2 90,000,000.00 A-3 40,000,000.00 A-4 95,000,000.00 A-5 31,700,000.00 A-6 41,000,000.00 A-7 100,231,872.11 B - BS - R - Totals 496,312,362.68 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 8/25/99 9/26/99 A-Act/360 00755WGN0 114,000,000. 906.797 A-2 F-30/360 00755WGP5 90,000,000 1,000.0000 A-3 F-30/360 00755WGQ3 40,000,000 1,000.0000 A-4 F-30/360 00755WGR1 95,000,000 1,000.0000 A-5 A-30/360 00755WGS9 31,700,000 1,000.0000 A-6 A-30/360 00755WGT7 41,000,000 1,000.0000 A-7 8/25/99 9/26/99 A-Act/360 00755WGU4 105,800,000. 964.695 B BS R Current Total Principal Class Interest Principal Distribution Balance A-1 4. 43. 48.3 862.986759 A-2 5. 5.2 1,000.000000 A-3 5. 5.3 1,000.000000 A-4 5. 5.7 1,000.000000 A-5 5. 5.9 1,000.000000 A-6 5. 5.6 1,000.000000 A-7 4. 17. 22.2 947.371192 B - BS - R - Distribution in Dollars - To Date Original Unscheduled Scheduled Total Total Class Face Value Interest Principal Principal Principal Distribution A-1 114,000,000 1,836,2 13,689,998 1,929,510 15,619,509 17,455,805. A-2 90,000,00 1,896,0 1,896,000 A-3 40,000,00 858, 858,66 A-4 95,000,00 2,181,8 2,181,833 A-5 31,700,00 755, 755,51 A-6 41,000,00 932, 932,06 A-7 105,800,000 1,798,7 5,332,84 235,28 5,568,12 7,366,893 B BS R 192, 192,58 Totals 517,500,000 10,451,72 19,022,841 2,164,795 21,187,637 31,639,365. Current Realized Deferred Principal Class Losses Interest Balance A-1 98,380,490.57 A-2 90,000,000.00 A-3 40,000,000.00 A-4 95,000,000.00 A-5 31,700,000.00 A-6 41,000,000.00 A-7 100,231,872.12 B - BS - R - Totals 496,312,362.69 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 5.43875% 103,374,951 515,3 A-2 6.32000% 90,000,00 474,0 A-3 6.44000% 40,000,00 214,6 A-4 6.89000% 95,000,00 545,4 A-5 7.15000% 31,700,00 188,8 A-6 6.82000% 41,000,00 233,0 A-7 5.55875% 102,064,801 520,0 B BS R Totals 503,139,752 2,691,47 Paid or Current Optimal Deferred Unpaid Class Interest Interest Interest A-1 515,3 515, - A-2 474,0 474, - A-3 214,6 214, - A-4 545,4 545, - A-5 188,8 188, - A-6 233,0 233, - A-7 520,0 520, - B - BS - R - Totals 2,691,4 2,691,4 - Collection Account Report Summary Adjustable Fixed Total Principal Collections 1,601,675 4,222,50 5,824,181 Principal Withdrawals Principal Other Accounts TOTAL PRINCIPAL 1,601,675 4,222,50 5,824,181 Interest Collected 818,58 3205175.26 4,023,758 Interest Withdrawals Interest Other Accounts Fees (67,2 (261,8 (329,07 TOTAL INTEREST 751,32 2,943,35 3,694,680 TOTAL AVAILABLE TO CERTIFICATEHOLDERS 2,353,002 7,165,85 9,518,862 Principal - Collections Adjustable Fixed Total Scheduled Principal 49,8 475,0 524,83 Curtailments Prepayments in Full 1,551,847 3,518,31 5,070,166 Repurchased Principal Amounts Substitution Principal Amount Liquidations 253,8 253,89 Insurance Principal Other Principal Total Realized Loss of Principal (24,9 (24,9 TOTAL PRINCIPAL COLLECTED 1,601,675 4,222,50 5,824,181 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 829,90 3,241,93 4,071,841 Repurchased Interest Substitution Interest Amount Liquidation Interest 2, 2,8 Insurance Interest Other Interest Delinquent Interest (154,60 (548,1 (702,80 Interest Advanced 143,28 508,5 651,86 Prepayment Interest Shortfalls ( (1, (1,8 Compensating Interest 1, 1,8 Civil Relief Act Shortfalls TOTAL INTEREST COLLECTED 818,58 3,205,17 4,023,758 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 53,1 212,5 265,70 Trustee Fee Amount 3, 3,7 Insurance Premium Amount 13,3 46,2 59,5 TOTAL FEES 67,2 261,8 329,07 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 5,555,670.07 6,175,500.00 11,731,170.07 Current Overcollateralization Amount 1,276,518.15 3,191,799.42 4,468,317.57 Overcollateralization Deficiency Amount 4,510,405.45 3,755,655.54 8,266,060.99 Overcollateralization Deficit Amount Overcollateralization Increase Amount 231,253.54 771,954.96 1,003,208.50 Overcollateralization Reduction Amount Components of Change in Overcollateralization* Excess Interest Generated by Pool 231,253.54 771,954.96 1,003,208.50 Pre-Funding Account Interest Earnings Additional Principal TOTAL 231,25 771,954.96 1,003,208.50 *(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 105,822,287.04 372,463,932.96 478,286,220.00 Prior 103,110,066.01 403,519,787.00 506,629,853.01 Prefunding Scheduled Principal (49,828.36) (475,001.81) (524,830.17) Partial and Full Voluntary Prepayments (1,551,847 (3,518,59 (5,070,446 Repurchases Liquidations (253,8 (253,89 Current 101,508,390. 399,272,289. 500,780,680. Prefunding Adjustable Fixed Total PRE-FUNDING ACCOUNT Original Pre-Funded Amount 39,236,067.04 39,236,067.04 Balance of Subsequent Mortgage Loans Added This Period Pre-Funding Account Earnings Withdrawal Account Earnings Pre-Funding Account Ending Balance CAPITALIZED INTEREST ACCOUNT Original Capitalized Interest Deposit 192,583.70 192,583.70 Capitalized Interest Requirement Withdrawal Remaining Amounts Capitalized Interest Account Ending Balance Collateral Report Characteristics Adjustable Fixed Total Weighted Average Coupon Original 9.671422% 9.655530% 9.659046% Weighted Average Coupon Prior 9.665544% 9.652327% 9.655028% Weighted Average Coupon Current 9.658513% 9.649458% 9.651301% Weighted Average Months to Maturity Original 351 247 270 Weighted Average Months to Maturity Prior 349 246 267 Weighted Average Months to Maturity Current 348 246 267 Weighted Average Remaining Amortization Term Original 352 306 316 Weighted Average Remaining Amortization Term Prior 350 302 312 Weighted Average Remaining Amortization Term Current 349 301 311 Weighted Average Seasoning Original 3.25 2.14 2.39 Weighted Average Seasoning Prior 5.20 4.35 4.52 Weighted Average Seasoning Current 6.17 5.34 5.51 Note: Original information refers to deal issue Collateral Report Arm Characteristics Adjustable Fixed Total Weighted Average Margin Original 5.830% Weighted Average Margin Prior 5.819% Weighted Average Margin Current 5.804% Weighted Average Max Rate Original 16.631% 9.656% Weighted Average Max Rate Prior 16.627% 8.730% Weighted Average Max Rate Current 16.623% 8.727% Weighted Average Min Rate Original 9.410% 8.906% Weighted Average Min Rate Prior 9.404% 8.052% Weighted Average Min Rate Current 9.396% 8.049% Weighted Average Cap Up Original 1.017% Weighted Average Cap Up Prior 1.017% Weighted Average Cap Up Current 1.016% Weighted Average Cap Down Original 1.017% Weighted Average Cap Down Prior 1.017% Weighted Average Cap Down Current 1.016% Note: Original information refers to deal issue Servicing Fees / Advances Adjustable Fixed Total Current Servicing Fees 53,1 212,5 265,70 Delinquent Servicing Fees 11,3 39,6 50,9 TOTAL SERVICING FEES 64,4 252,1 316,64 Total Servicing Fees 64,4 252,1 316,64 Compensating Interest ( (1, (1,8 Delinquent Servicing Fees (11,3 (39,6 (50,9 COLLECTED SERVING FEES 52,7 211,1 263,86 Prepayment Interest Shortfall 1, 1,8 Total Advanced Interest 143,28 508,5 651,86 Current Nonrecoverable Advances Unreimbursed Advances Paid to Servicer This Period Additional Collateral Information Adjustable Fixed Total SPACE INTENTIONALLY LEFT BLANK Delinquency Report - Total Current 1 Payment 2 Payments 3+ Payments Total DELINQUENT Balance 7,033,07 1,990,930 317,4 9,341,499 % Balance 1.40% 0.40% 0.06% 1.86% # Loans 120 34 7 161 % # Loans 1.77% 0.50% 0.10% 2.37% FORECLOSURE Balance 807,59 4,906,08 5,713,678 % Balance 0.00% 0.00% 0.16% 0.98% 1.14% # Loans 13 70 83 % # Loans 0.00% 0.00% 0.19% 1.03% 1.22% BANKRUPTCY Balance 1,499,7 270,2 1,769,955 % Balance 0.30% 0.00% 0.00% 0.05% 0.35% # Loans 17 4 21 % # Loans 0.25% 0.00% 0.00% 0.06% 0.31% 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 1,499,7 7,033,07 2,798,520 5,493,81 16,825,133. % Balance 0.30% 1.40% 0.56% 1.09% 3.35% # Loans % # Loans 0.25% 1.77% 0.69% 1.19% 3.90% 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 5,206,34 1,631,794 317,4 7,155,637 % Balance 1.30% 0.41% 0.08% 1.79% # Loans % # Loans 1.67% 0.53% 0.12% 2.32% FORECLOSURE Balance 506,33 3,404,45 3,910,791 % Balance 0.00% 0.00% 0.13% 0.85% 0.98% # Loans % # Loans 0.00% 0.00% 0.12% 0.96% 1.08% BANKRUPTCY Balance 1,103,9 229,8 1,333,743 % Balance 0.28% 0.00% 0.00% 0.06% 0.34% # Loans % # Loans 0.27% 0.00% 0.00% 0.05% 0.32% 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 1,103,9 5,206,34 2,138,126 3,951,78 12,400,171. % Balance 0.28% 1.30% 0.54% 0.99% 3.11% # Loans % # Loans 0.27% 1.67% 0.65% 1.13% 3.72% 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 1,826,72 359,13 2,185,862 % Balance 1.80% 0.35% 0.00% 2.15% # Loans % # Loans 2.30% 0.35% 0.00% 2.65% FORECLOSURE Balance 301,25 1,501,62 1,802,887 % Balance 0.00% 0.00% 0.30% 1.48% 1.78% # Loans % # Loans 0.00% 0.00% 0.53% 1.42% 1.95% BANKRUPTCY Balance 395, 40,4 436,21 % Balance 0.39% 0.00% 0.00% 0.04% 0.43% # Loans % # Loans 0.18% 0.00% 0.00% 0.09% 0.27% 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 395, 1,826,72 660,39 1,542,03 4,424,961 % Balance 0.39% 1.80% 0.65% 1.52% 4.36% # Loans % # Loans 0.18% 2.30% 0.88% 1.51% 4.87% 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 17 57 74 Number of Repurchased Loans Total Number of Loans Prepaid in Full 17 57 74 Paid in Full Balance 1,551,847 3,518,31 5,070,166 Repurchase Loans Balance Curtailments Amount Total Prepayment Amount 1,551,847 3,518,59 5,070,446 Cumulative Number of Paid in Full Loans 41 158 199 Number of Repurchased Loans 1 2 3 Total Number of Loans Prepaid in Full 42 160 202 Paid in Full Balance 4,024,975 10,099,067 14,124,043. Repurchase Loans Balance 54,0 95,0 149,00 Curtailments Amount ( (13,4 (13,8 Total Prepayment Amount 4,078,611 10,180,618 14,259,230. SPACE INTENTIONALLY LEFT BLANK Prepayment Report - Voluntary Prepayments Voluntary Prepayment Rates Adjustable Fixed Total SMM 1.51% 0.87% 1.00% 3 Months Average SMM 1.17% 0.75% 0.83% 12 Months Average SMM Average SMM Since Cut-Off 0.98% 0.63% 0.70% CPR 16.65% 9.99% 11.38% 3 Months Average CPR 13.17% 8.58% 9.54% 12 Months Average CPR Average CPR Since Cut-Off 11.14% 7.34% 8.13% PSA 1348.90% 935.15% 1033.13% 3 Months Average PSA Approximation 1265.94% 987.47% 1054.81% 12 Months Average PSA Approximation Average PSA Since Cut-Off Approximation 1182.03% 967.02% 1019.88% Realized Loss Report - Collateral Collateral Realized Losses Adjustable Fixed Total Current Number of Loan Liquidated Collateral Realized Loss / (Gain) Amount 24,9 24,9 Net Liquidation Proceeds 228,9 228,90 Cumulative Number of Loans Liquidated Collateral Realized Loss / (Gain) Amount 24,9 24,9 Net Liquidation Proceeds 228,9 228,90 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% 0.06% 0.05% 3 Months Average MDR 0.00% 0.02% 0.02% 12 Months Average MDR Average MDR Since Cut-Off 0.00% 0.02% 0.01% CDR 0.00% 0.75% 0.60% 3 Months Average CDR 0.00% 0.25% 0.20% 12 Months Average CDR Average CDR Since Cut-Off 0.00% 0.19% 0.15% SDA 0.00% 7.05% 5.44% 3 Months Average SDA Approximation 0.00% 2.89% 2.22% 12 Months Average SDA Approximation Average SDA Since Cut-Off Approximation 0.00% 2.49% 1.88% Loss Severity Approximation for Current Period 9.84% 9.84% 3 Months Average Loss Severity Approximation 0.00% 9.84% 9.84% 12 Months Average Loss Severity Approximation Average Loss Severity Approximation Since Cut-Off 0.00% 9.84% 9.84% 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-1 5.482500% Class A-5 7.150000% Class A-6 6.820000% Class A-7 5.602500% 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