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: June 26, 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 May, 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 May 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 May 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
June 30, 2000
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4A
Statement to Certificateholders
Original Prior
Face Principal
Class Value Balance Interest Principal Total
A 650,000,000 501,355,88 3,257,69 6,640,7 9,898,459.69
A Certificate 90, 90,454.15
Totals 650,000,000 501,355,88 3,348,15 6,640,7 9,988,913.84
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
A 494,715,127. 7.310000% 7.351250%
A Certificate NA NA
Totals 494,715,127.22
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
A 00755WGC4 771.316750 5.011845 10.216555 15.228400 761.100195
A Certificate 0.000000 0.139160 0.000000 0.139160 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 14,345,013.66 2,938,217.26 1,468,724.68 9,303,327.03 3,043,409.67
% of Pool Balan 2.76152% 0.56563% 0.28274% 1.79096% 0.58588%
Number of Loans 252 52 34 162 60
% of Loans 3.06383% 0.63222% 0.41337% 1.96960% 0.72948%
Loans
in
Foreclosure
Trust A Principal Balan 14,253,591.51
% of Pool Balan 2.74392%
Number of Loans 233
% of Loans 2.83283%
General Mortgage Loan Information:
Trust A
Beginning Aggregate Mortgage Loan Balance 526,102,107.56
Prefunding 0.00
Principal Reduction 6,640,760.54
Ending Aggregate Mortgage Loan Balance 519,461,347.02
Beginning Aggregate Mortgage Loan Count 8338
Ending Aggregate Mortgage Loan Count 8225
Current Weighted Average Coupon Rate 9.561602%
Next Weighted Average Coupon Rate 9.554465%
Mortgage Loan Principal Reduction Information:
Trust A
Scheduled Principal 906,100.91
Curtailments 0.00
Prepayments 4,709,004.75
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 1,025,654.88
Other Principal 0.00
Less: Realized Losses 463,277.52
Total Principal Reduction 7,104,038.06
Servicer Information:
Trust A
Accrued Servicing Fee for the Current Period 219,209.21
Less: Amounts to Cover Interest Shortfalls 5,555.20
Less: Delinquent Service Fees 56,490.61
Collected Servicing Fees for Current Period: 157,163.40
Advanced Principal N/A
Advanced Interest 1,082,968.76
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 4,709,0 1,025, 6,177,48 -
-
Total 4,709,0 1,025, 6,177,48 -
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 24,746,219.80 463,277.52 0.00 24,746,219.80
Total 24,746,219 463, 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 0.029568
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 3,698,489.96
Cumulative Number of Mortgage loans repurchased to date 11
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 111,252.40
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 3,052,523.25
Principal Collected: 5,615,105.66
Insurance Proceeds Received: -
Net Liquidation Proceeds: 562,377.36
Delinquency Advances on Mortgage Interest: 1,082,968.76
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 12,308.00
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: 10,325,283.03
LESS:
Servicing Fees (including PPIS): 162,718.60
Non Recoverable Advance 5,453.46
Indenture Trustee Fees: 3,068.93
Owner Trustee Fees: 277.78
Insurance Premiums: 54,313.55
Reimbursement of Delinquency Advances/Servicing Advances 111,252.40
Total Reductions to Available Funds Amount: 337,084.72
Total Available Funds: 9,988,198.31
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4B
Statement to Certificateholders
Original Prior
Face Principal
Class Value Balance Interest Principal Total
B 350,000,000 270,252,15 1,756,03 4,374,4 6,130,447.26
B Certificate 54, 54,059.74
Totals 350,000,000 270,252,15 1,810,09 4,374,4 6,184,507.00
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
B 265,877,742. 7.310000% 7.351250%
B Certificate NA NA
Totals 265,877,742.42
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
B 00755WGD2 772.149004 5.017253 12.498311 17.515564 759.650693
B Certificate 0.000000 0.083169 0.000000 0.083169 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 6,488,117.12 1,790,006.43 264,213.23 5,765,368.68 2,233,061.96
% of Pool Balan 2.32380% 0.64111% 0.09463% 2.06494% 0.79980%
Number of Loans 115 29 9 92 34
% of Loans 3.08808% 0.77873% 0.24168% 2.47046% 0.91300%
Loans
in
Foreclosure
Trust B Principal Balan 9,805,447.60
% of Pool Balan 3.51195%
Number of Loans 159
% of Loans 4.26960%
General Mortgage Loan Information:
Trust B
Beginning Aggregate Mortgage Loan Balance 283,577,024.36
Subsequent Mortgage Loans Added This Period 0.00
Principal Reduction 4,374,408.84
Ending Aggregate Mortgage Loan Balance 279,202,615.52
Beginning Aggregate Mortgage Loan Count 3,778
Ending Aggregate Mortgage Loan Count 3,724
Current Weighted Average Coupon Rate 9.568045%
Next Weighted Average Coupon Rate 9.560640%
Mortgage Loan Principal Reduction Information:
Trust B
Scheduled Principal 414,413.17
Curtailments 0.00
Prepayments 3,397,774.29
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 562,221.38
Other Principal 0.00
Less: Realized Losses 242,343.09
Total Principal Reduction 4,616,751.93
Servicer Information:
Trust B
Accrued Servicing Fee for the Current Period 118,157.10
Less: Amounts to Cover Interest Shortfalls 5,051.80
Less: Delinquent Service Fees 29,444.67
Collected Servicing Fees for Current Period: 83,660.63
Advanced Principal N/A
Advanced Interest 572,561.56
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 3,397,7 562 4,132,06 -
- -
Total 3,397,7 562 4,132,06 -
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 13,324,873.10 242,343.09 0.00 13,324,873.10
Total 13,324,873 242, 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 2,617,841.25
Cumulative Number of Mortgage loans repurchased to date 8
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 66,526.79
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 1,659,058.48
Principal Collected: 3,812,187.46
Insurance Proceeds Received: -
Net Liquidation Proceeds: 319,878.29
Delinquency Advances on Mortgage Interest: 572,561.56
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 7,614.00
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: 6,371,299.79
LESS:
Servicing Fees (including PPIS): 88,712.43
Non-Recoverable Advance 344.27
Indenture Trustee Fees: 1,654.20
Owner Trustee Fees: 277.78
Insurance Premiums: 29,277.32
Reimbursement of Delinquency Advances/Servicin 66,526.79
Total Reductions to Available Funds Amount: 186,792.79
Total Available Funds: 6,184,507.00
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 70,506,7 448,7 1,343,4 1,792,168.03
C Certificate 2 2,398.87
Totals 100,000,000 70,506,7 451,1 1,343,4 1,794,566.90
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
C 69,163,296 7.160000% 7.201250%
C Certificate NA NA
Totals 69,163,296.51
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
C 00755WGE0 705.067284 4.487362 13.434319 17.921680 691.632965
C Certificate 0.000000 0.003691 0.000000 0.003691 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 2,421,711.17 436,679.39 349,709.73 1,927,246.28 779,460.08
% of Pool Balan 3.27124% 0.58987% 0.47239% 2.60332% 1.05289%
Number of Loans 30 5 5 25 7
% of Loans 3.71747% 0.61958% 0.61958% 3.09789% 0.86741%
Loans
in
Foreclosure
Trust C Principal Balan 3,320,998.38
% of Pool Balan 4.48599%
Number of Loans 37
% of Loans 4.58488%
General Mortgage Loan Information:
Trust C
Beginning Aggregate Mortgage Loan Balance 75,373,813.58
Prefunding N/A
Principal Reduction 1,343,431.87
Ending Aggregate Mortgage Loan Balance 74,030,381.71
Beginning Aggregate Mortgage Loan Count 820
Ending Aggregate Mortgage Loan Count 807
Current Weighted Average Coupon Rate 9.644030%
Next Weighted Average Coupon Rate 9.637562%
Mortgage Loan Principal Reduction Information:
Trust C
Scheduled Principal 120,035.86
Curtailments 0.00
Prepayments 985,919.16
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 237,476.85
Other Principal 0.00
Less: Realized Losses 113,600.15
Total Principal Reduction 1,457,032.02
Servicer Information:
Trust C
Accrued Servicing Fee for the Current Period 31,405.76
Less: Amounts to Cover Interest Shortfalls 0.00
Less: Delinquent Service Fees 8,086.35
Collected Servicing Fees for Current Period: 23,319.41
Advanced Principal N/A
Advanced Interest 154,427.76
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 985, 237 1,229,83 -
- . -
Total 985, 237 1,229,83 -
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 4,867,085.20 113,600.15 0.00 4,867,085.20
Total 4,867,08 113, 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 901,615.92
Cumulative Number of Mortgage loans repurchased to date 3
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 1,629.34
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 443,242.01
Principal Collected: 1,105,955.02
Insurance Proceeds Received: -
Net Liquidation Proceeds: 123,876.70
Delinquency Advances on Mortgage Interest: 154,427.76
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 2,210.00
Sum of the Above Amounts: 1,829,711.49
LESS:
Servicing Fees (including PPIS): 23,319.41
Non-Recoverable Advance 371.26
Indenture Trustee Fees: 439.68
Owner Trustee Fees: 277.78
Insurance Premiums: 9,107.12
Reimbursement of Delinquency Advances/Servicin 1,629.34
Total Reductions to Available Funds Amount: 35,144.59
Total Available Funds: 1,794,566.90