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 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 October 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 October 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 October 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
November 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 93,931,529 459,9 4,717,817 5,177,76
A-2 90,000,00 90,000,000 474,0 474,0
A-3 40,000,00 40,000,000 214,6 214,6
A-4 95,000,00 95,000,000 545,4 545,4
A-5 31,700,00 31,700,000 188,8 188,8
A-6 41,000,00 41,000,000 233,0 233,0
A-7 105,800,000 98,602,809 493,3 2,146,215 2,639,55
B
BS
R
Totals 517,500,000 490,234,338. 2,609,31 6,864,033 9,473,34
Current
Deferred Principal
Class Interest Balance
A-1 89,213,711.37
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 96,456,593.62
B -
BS -
R -
Totals 483,370,304.99
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 10/25/99 11/25/99 A-Act/360 00755WGN0 114,000,000. 823.960
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 10/25/99 11/25/99 A-Act/360 00755WGU4 105,800,000. 931.973
B
BS
R
Current
Total Principal
Class Interest Principal Distribution Balance
A-1 4. 41.3 45.4 782.576416
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. 20.2 24.9 911.688030
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 2,715,75 21,882,240 2,904,048 24,786,288 27,502,046.
A-2 90,000,00 2,844,00 2,844,000
A-3 40,000,00 1,288,00 1,288,000
A-4 95,000,00 3,272,74 3,272,749
A-5 31,700,00 1,133,27 1,133,275
A-6 41,000,00 1,398,10 1,398,100
A-7 105,800,000 2,728,86 9,005,64 337,75 9,343,40 12,072,274.
B
BS
R 192,5 192,58
Totals 517,500,000 15,573,335 30,887,888 3,241,806 34,129,695 49,703,030.
Current
Realized Deferred Principal
Class Losses Interest Balance
A-1 89,213,711.37
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 96,456,593.62
B -
BS -
R -
Totals 483,370,304.99
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 5.50875% 93,931,529 459,9
A-2 6.32000% 90,000,000 474,0
A-3 6.44000% 40,000,000 214,6
A-4 6.89000% 95,000,000 545,4
A-5 7.15000% 31,700,000 188,8
A-6 6.82000% 41,000,000 233,0
A-7 5.62875% 98,602,809 493,3
B
BS
R
Totals 490,234,338. 2,609,31
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
A-1 459,9 459,9 -
A-2 474,0 474,0 -
A-3 214,6 214,6 -
A-4 545,4 545,4 -
A-5 188,8 188,8 -
A-6 233,0 233,0 -
A-7 493,3 493,3 -
B -
BS -
R -
Totals 2,609,3 2,609,31 -
Collection Account Report
Summary Adjustable Fixed Total
Principal Collections 1,911,250 3,954,71 5,865,966
Principal Withdrawals
Principal Other Accounts
TOTAL PRINCIPAL 1,911,250 3,954,71 5,865,966
Interest Collected 790,26 3,126,91 3,917,182
Interest Withdrawals
Interest Other Accounts
Fees (61,9 (247,8 (309,79
TOTAL INTEREST 728,30 2,879,07 3,607,382
TOTAL AVAILABLE TO CERTIFICATEHOLDERS 2,639,558 6,833,79 9,473,348
Principal - Collections Adjustable Fixed Total
Scheduled Principal 51,1 485,8 536,96
Curtailments
Prepayments in Full 1,802,479 3,402,64 5,205,125
Repurchased Principal Amounts 57,6 57,6
Substitution Principal Amount
Liquidations 66,2 66,2
Insurance Principal
Other Principal
Total Realized Loss of Principal
TOTAL PRINCIPAL COLLECTED 1,911,250 3,954,71 5,865,966
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 804,11 3,173,91 3,978,034
Repurchased Interest
Substitution Interest Amount
Liquidation Interest
Insurance Interest
Other Interest
Delinquent Interest (193,97 (650,6 (844,59
Interest Advanced 179,70 603,0 782,78
Prepayment Interest Shortfalls (1, (1,6
Compensating Interest 1, 1,6
Civil Relief Act Shortfalls
TOTAL INTEREST COLLECTED 790,26 3,126,91 3,917,182
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 48,3 199,7 248,08
Trustee Fee Amount 2, 3,7
Insurance Premium Amount 12,8 45,1 58,0
TOTAL FEES 61,9 247,8 309,79
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 1,813,632.43 4,786,614.93 6,600,247.36
Overcollateralization Deficiency Amount 3,977,002.88 2,151,987.24 6,128,990.12
Overcollateralization Deficit Amount
Overcollateralization Increase Amount 234,965.24 763,102.17 998,067.41
Overcollateralization Reduction Amount
Components of Change in Overcollateralization*
Excess Interest Generated by Pool 234,965.24 763,102.17 998,067.41
Pre-Funding Account Interest Earnings
Additional Principal
TOTAL 234,96 763,102.17 998,067.41
*(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 100,181,476.48 395,655,042.08 495,836,518.56
Prefunding
Scheduled Principal (51,131.87) (485,828.79) (536,960.66)
Partial and Full Voluntary Prepayments (1,802,479 (3,402,64 (5,205,125
Repurchases (57,6 (57,6
Liquidations (66,2 (66,2
Current 98,270,226. 391,700,326. 489,970,552.
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 9.649573% 9.633952% 9.637118%
Weighted Average Coupon Current 9.636915% 9.627981% 9.629786%
Weighted Average Months to Maturity Original 351 247 270
Weighted Average Months to Maturity Prior 347 245 266
Weighted Average Months to Maturity Current 346 244 264
Weighted Average Remaining Amortization Term Original 352 306 316
Weighted Average Remaining Amortization Term Prior 347 300 310
Weighted Average Remaining Amortization Term Current 347 299 308
Weighted Average Seasoning Original 3.25 2.14 2.39
Weighted Average Seasoning Prior 7.17 6.33 6.50
Weighted Average Seasoning Current 8.14 7.32 7.48
Note: Original information refers to deal issue
Collateral Report
Arm Characteristics Adjustable Fixed Total
Weighted Average Margin Original 5.830%
Weighted Average Margin Prior 5.797%
Weighted Average Margin Current 5.782%
Weighted Average Max Rate Original 16.631% 9.656%
Weighted Average Max Rate Prior 16.613% 8.712%
Weighted Average Max Rate Current 16.602% 8.709%
Weighted Average Min Rate Original 9.410% 8.906%
Weighted Average Min Rate Prior 9.384% 8.034%
Weighted Average Min Rate Current 9.368% 8.030%
Weighted Average Cap Up Original 1.017%
Weighted Average Cap Up Prior 1.016%
Weighted Average Cap Up Current 1.014%
Weighted Average Cap Down Original 1.017%
Weighted Average Cap Down Prior 1.016%
Weighted Average Cap Down Current 1.014%
Note: Original information refers to deal issue
Servicing Fees / Advances Adjustable Fixed Total
Current Servicing Fees 48,3 199,7 248,08
Delinquent Servicing Fees 14,2 47,5 61,8
TOTAL SERVICING FEES 62,6 247,2 309,89
Total Servicing Fees 62,6 247,2 309,89
Compensating Interest (1, (1,6
Delinquent Servicing Fees (14,2 (47,5 (61,8
COLLECTED SERVING FEES 48,3 198,0 246,41
Prepayment Interest Shortfall 1, 1,6
Total Advanced Interest 179,70 603,0 782,78
Current Nonrecoverable Advances
Unreimbursed Advances Paid to Servicer This Period
Additional Collateral Information Adjustable Fixed Total
Weighted Average Coupon Next 9.629920% 9.620398% 9.622308%
Delinquency Report - Total
Current 1 Payment 2 Payments 3+ Payments Total
DELINQUENT Balance 7,955,68 3,114,061 432,1 11,501,923.
% Balance 1.62% 0.64% 0.09% 2.35%
# Loans 135 44 11 190
% # Loans 2.04% 0.66% 0.17% 2.87%
FORECLOSURE Balance 60,3 6,999,09 7,059,405
% Balance 0.00% 0.00% 0.01% 1.43% 1.44%
# Loans 2 109 111
% # Loans 0.00% 0.00% 0.03% 1.65% 1.68%
BANKRUPTCY Balance 1,776,53 356,7 125,62 1,193,54 3,452,407
% Balance 0.36% 0.07% 0.03% 0.24% 0.70%
# Loans 22 17 45
% # Loans 0.33% 0.05% 0.05% 0.26% 0.69%
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 1,776,53 8,312,38 3,300,001 8,624,82 22,013,736.
% Balance 0.36% 1.69% 0.68% 1.76% 4.49%
# Loans
% # Loans 0.33% 2.09% 0.74% 2.08% 5.24%
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 5,613,47 2,048,784 391,7 8,054,059
% Balance 1.43% 0.52% 0.10% 2.05%
# Loans
% # Loans 1.83% 0.54% 0.18% 2.55%
FORECLOSURE Balance 30,7 5,000,17 5,030,910
% Balance 0.00% 0.00% 0.01% 1.28% 1.29%
# Loans
% # Loans 0.00% 0.00% 0.02% 1.50% 1.52%
BANKRUPTCY Balance 1,138,87 356,7 125,62 883,8 2,505,027
% Balance 0.29% 0.09% 0.03% 0.23% 0.64%
# Loans
% # Loans 0.33% 0.05% 0.05% 0.25% 0.68%
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 1,138,87 5,970,17 2,205,150 6,275,79 15,589,997.
% Balance 0.29% 1.52% 0.56% 1.61% 3.98%
# Loans
% # Loans 0.33% 1.88% 0.61% 1.93% 4.75%
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 2,342,20 1,065,276 40,3 3,447,864
% Balance 2.38% 1.08% 0.04% 3.50%
# Loans
% # Loans 3.11% 1.28% 0.09% 4.48%
FORECLOSURE Balance 29,5 1,998,92 2,028,494
% Balance 0.00% 0.00% 0.03% 2.03% 2.06%
# Loans
% # Loans 0.00% 0.00% 0.09% 2.37% 2.46%
BANKRUPTCY Balance 637,6 309,7 947,37
% Balance 0.65% 0.00% 0.00% 0.32% 0.97%
# Loans
% # Loans 0.37% 0.00% 0.00% 0.27% 0.64%
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 637,6 2,342,20 1,094,851 2,349,02 6,423,738
% Balance 0.65% 2.38% 1.11% 2.39% 6.53%
# Loans
% # Loans 0.37% 3.11% 1.37% 2.73% 7.58%
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 21 55 76
Number of Repurchased Loans
Total Number of Loans Prepaid in Full 22 55 77
Paid in Full Balance 1,802,479 3,402,64 5,205,125
Repurchase Loans Balance 57,6 57,6
Curtailments Amount
Total Prepayment Amount 1,860,118 3,402,64 5,262,764
Cumulative
Number of Paid in Full Loans 75 270 345
Number of Repurchased Loans 2 3 5
Total Number of Loans Prepaid in Full 77 273 350
Paid in Full Balance 7,103,026 16,546,252 23,649,279.
Repurchase Loans Balance 111,63 179,0 290,63
Curtailments Amount ( (13,4 (13,8
Total Prepayment Amount 7,214,302 16,711,803 23,926,106.
SPACE INTENTIONALLY LEFT BLANK
Prepayment Report - Voluntary Prepayments
Voluntary Prepayment Rates Adjustable Fixed Total
SMM 1.86% 0.86% 1.06%
3 Months Average SMM 1.54% 0.84% 0.98%
12 Months Average SMM
Average SMM Since Cut-Off 1.17% 0.70% 0.79%
CPR 20.15% 9.86% 12.03%
3 Months Average CPR 17.00% 9.62% 11.16%
12 Months Average CPR
Average CPR Since Cut-Off 13.20% 8.04% 9.12%
PSA 1237.71% 673.30% 803.74%
3 Months Average PSA Approximation 1187.01% 760.03% 859.10%
12 Months Average PSA Approximation
Average PSA Since Cut-Off Approximation 1159.16% 837.12% 913.78%
Realized Loss Report - Collateral
Collateral Realized Losses Adjustable Fixed Total
Current
Number of Loan Liquidated
Collateral Realized Loss / (Gain) Amount
Net Liquidation Proceeds 66,2 66,2
Cumulative
Number of Loans Liquidated
Collateral Realized Loss / (Gain) Amount 24,9 24,9
Net Liquidation Proceeds 295,1 295,14
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% 0.02% 0.01%
3 Months Average MDR 0.00% 0.03% 0.02%
12 Months Average MDR
Average MDR Since Cut-Off 0.00% 0.01% 0.01%
CDR 0.00% 0.20% 0.16%
3 Months Average CDR 0.00% 0.32% 0.25%
12 Months Average CDR
Average CDR Since Cut-Off 0.00% 0.16% 0.13%
SDA 0.00% 1.37% 1.07%
3 Months Average SDA Approximation 0.00% 2.51% 1.95%
12 Months Average SDA Approximation
Average SDA Since Cut-Off Approximation 0.00% 1.66% 1.27%
Loss Severity Approximation for Current Period 0.00% 0.00%
3 Months Average Loss Severity Approximation 0.00% 4.92% 4.92%
12 Months Average Loss Severity Approximation
Average Loss Severity Approximation Since Cut-Off 0.00% 4.92% 4.92%
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 5.690000%
Class A-5 7.150000%
Class A-6 6.820000%
Class A-7 5.810000%
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