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: March 26, 2001
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 February, 2001 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 February 2001 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 February 2001 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
March 30, 2001
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4A
Statement to Certificateholders
Original Prior
Face Principal
Class Value Balance Interest Principal Total
A 650,000,000 433,177,42 2,098,42 6,512,5 8,610,993.30
A Certificate 595,1 595,164.89
Totals 650,000,000 433,177,42 2,693,58 6,512,5 9,206,158.19
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
A 426,664,848. 6.230000% 5.750000%
A Certificate NA NA
Totals 426,664,848.42
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
A 00755WGC4 666.426802 3.228339 10.019343 13.247682 656.407459
A Certificate 0.000000 0.915638 0.000000 0.915638 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 12,535,720.30 2,529,263.89 1,170,580.89 12,346,894.84 5,077,488.36
% of Pool Balan 2.77701% 0.56030% 0.25932% 2.73518% 1.12480%
Number of Loans 229 48 23 198 80
% of Loans 3.16429% 0.66326% 0.31781% 2.73594% 1.10543%
Loans
in
Foreclosure
Trust A Principal Balan 16,712,452.29
% of Pool Balan 3.70227%
Number of Loans 282
% of Loans 3.89664%
General Mortgage Loan Information:
Trust A
Beginning Aggregate Mortgage Loan Balance 457,923,641.36
Prefunding 0.00
Principal Reduction 6,512,573.14
Ending Aggregate Mortgage Loan Balance 451,411,068.22
Beginning Aggregate Mortgage Loan Count 7336
Ending Aggregate Mortgage Loan Count 7237
Current Weighted Average Coupon Rate 9.508979%
Next Weighted Average Coupon Rate 9.506519%
Mortgage Loan Principal Reduction Information:
Trust A
Scheduled Principal 624,283.81
Curtailments 179,841.81
Prepayments 4,710,852.87
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 997,594.65
Other Principal 0.00
Less: Realized Losses 555,223.74
Total Principal Reduction 7,067,796.88
Servicer Information:
Trust A
Accrued Servicing Fee for the Current Period 190,801.52
Less: Amounts to Cover Interest Shortfalls 6,295.73
Less: Delinquent Service Fees 59,688.68
Collected Servicing Fees for Current Period: 124,817.11
Advanced Principal N/A
Advanced Interest 1,122,996.92
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 4,710,8 1,177, 5,957,34 -
-
Total 4,710,8 1,177, 5,957,34 -
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 24,746,219.80 555,223.74 0.00 24,746,219.80
Specified Over-
Over- Collateral
Collateral Deficit
Amount Amount
Trust A 24,746,219.80 0.00
Trust A Insured Payment 0.00
Pool Rolling six month delinquency rate 0.045428
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 6,281,748.91
Cumulative Number of Mortgage loans repurchased to date 11
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 122,872.62
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
Unremibursed Delinquent/Servicing Advances still Outstanding 0.00
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 2,445,404.36
Principal Collected: 5,514,978.49
Insurance Proceeds Received: 0.00
Net Liquidation Proceeds: 442,370.91
Delinquency Advances on Mortgage Interest: 1,122,996.92
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: 0.00
Trust Termination Proceeds: 0.00
Investment Earnings on Note Account: 9,382.09
Capitalized Interest Requirement: 0.00
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: 9,535,132.77
LESS:
Servicing Fees (including PPIS): 131,112.84
Non Recoverable Advance 1,711.65
Indenture Trustee Fees: 2,671.22
Owner Trustee Fees: 277.78
Insurance Premiums: 46,927.55
Reimbursement of Delinquency Advances/Servicing Advances 122,872.62
Total Reductions to Available Funds Amount: 305,573.66
Total Available Funds: 9,229,559.11
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4B
Statement to Certificateholders
Original Prior
Face Principal
Class Value Balance Interest Principal Total
B 350,000,000 233,228,36 1,129,28 4,072,9 5,202,183.29
B Certificate -
Totals 350,000,000 233,228,36 1,129,28 4,072,9 5,202,183.29
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
B 229,155,465. 6.230000% 5.750000%
B Certificate NA NA
Totals 229,155,465.01
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
B 00755WGD2 666.366763 3.226518 11.636863 14.863381 654.729900
B Certificate 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
Trust B Principal Balan 6,209,430.72 1,130,626.81 382,725.46 7,990,106.05 3,217,647.96
% of Pool Balan 2.56080% 0.46628% 0.15784% 3.29516% 1.32697%
Number of Loans 100 25 8 130 56
% of Loans 3.08071% 0.77018% 0.24646% 4.00493% 1.72520%
Loans
in
Foreclosure
Trust B Principal Balan 10,151,306.03
% of Pool Balan 4.18645%
Number of Loans 152
% of Loans 4.68269%
General Mortgage Loan Information:
Trust B
Beginning Aggregate Mortgage Loan Balance 246,546,696.36
Subsequent Mortgage Loans Added This Period 0.00
Principal Reduction 4,066,358.25
Ending Aggregate Mortgage Loan Balance 242,480,338.11
Beginning Aggregate Mortgage Loan Count 3,293
Ending Aggregate Mortgage Loan Count 3,246
Current Weighted Average Coupon Rate 9.489732%
Next Weighted Average Coupon Rate 9.483682%
Mortgage Loan Principal Reduction Information:
Trust B
Scheduled Principal 311,758.25
Curtailments 65,140.73
Prepayments 3,030,089.64
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 659,369.63
Other Principal 0.00
Less: Realized Losses 311,559.99
Total Principal Reduction 4,377,918.24
Servicer Information:
Trust B
Accrued Servicing Fee for the Current Period 102,727.79
Less: Amounts to Cover Interest Shortfalls 1,933.31
Less: Delinquent Service Fees 32,716.01
Collected Servicing Fees for Current Period: 68,078.47
Advanced Principal N/A
Advanced Interest 620,140.56
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 3,030,0 724 3,754,79 -
- -
Total 3,030,0 724 3,754,79 -
Unpaid
Realized Loss
Amount
Class B -
-
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 13,318,329.46 318,103.63 0.00 13,324,873.10
Specified Over-
Over- Collateral
Collateral Deficit
Amount Amount
Trust B 13,324,873.10 0.00
Trust B Insured Payment 0.00
Pool Rolling six month delinquency rate 0.06
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 3,930,149.82
Cumulative Number of Mortgage loans repurchased to date 8
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 364,732.01
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
Unreimbursed Delinquent/Servicing Advances Still Outstanding 202,340.95
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 1,296,022.28
Principal Collected: 3,406,988.62
Insurance Proceeds Received: -
Net Liquidation Proceeds: 347,809.64
Delinquency Advances on Mortgage Interest: 620,140.56
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 5,667.28
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 To Certificateho 0.00
Sum of the Above Amounts: 5,676,628.38
LESS:
Servicing Fees (including PPIS): 70,011.78
Non-Recoverable Advance 832.27
Indenture Trustee Fees: 1,438.19
Owner Trustee Fees: 277.78
Insurance Premiums: 25,266.41
Reimbursement of Delinquency Advances/Servicing Advances 364,732.01
Total Reductions to Available Funds Amount: 462,558.44
Total Available Funds: 5,214,069.94
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 48,975,5 231,6 1,929,9 2,161,501.13
C Certificate -
Totals 100,000,000 48,975,5 231,6 1,929,9 2,161,501.13
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
C 47,045,695 6.080000% 5.600000%
C Certificate NA NA
Totals 47,045,695.92
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
C 00755WGE0 489.755969 2.316002 19.299010 21.615012 470.456959
C Certificate 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
Trust C Principal Balan 1,153,665.72 244,778.73 90,667.69 1,943,093.76 758,767.56
% of Pool Balan 2.22232% 0.47152% 0.17465% 3.74300% 1.46162%
Number of Loans 14 4 3 25 8
% of Loans 2.34114% 0.66890% 0.50167% 4.18060% 1.33779%
Loans
in
Foreclosure
Trust C Principal Balan 4,413,052.28
% of Pool Balan 8.50090%
Number of Loans 50
% of Loans 8.36120%
General Mortgage Loan Information:
Trust C
Beginning Aggregate Mortgage Loan Balance 53,842,682.09
Prefunding N/A
Principal Reduction 1,929,900.97
Ending Aggregate Mortgage Loan Balance 51,912,781.12
Beginning Aggregate Mortgage Loan Count 616
Ending Aggregate Mortgage Loan Count 598
Current Weighted Average Coupon Rate 10.597154%
Next Weighted Average Coupon Rate 10.554060%
Mortgage Loan Principal Reduction Information:
Trust C
Scheduled Principal 20,913.67
Curtailments 117,080.37
Prepayments 1,277,857.27
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 514,049.66
Other Principal 0.00
Less: Realized Losses 251,909.11
Total Principal Reduction 2,181,810.08
Servicer Information:
Trust C
Accrued Servicing Fee for the Current Period 22,434.45
Less: Amounts to Cover Interest Shortfalls 0.00
Less: Delinquent Service Fees 7,804.48
Collected Servicing Fees for Current Period: 14,629.97
Advanced Principal N/A
Advanced Interest 163,427.43
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 1,277,8 631 1,677,99 -
-
Unpaid
Realized Loss
Amount
Class C -
-
Prior Current
Has a Over- Accelerated Amounts Over
Trigger Event Collateral Principal From Reserve Collateral
Occurred Amount Distributed Fund Amount
Trust C NO 4,867,085.20 216,621.54 35,287.57 4,867,085.20
Specified Over-
Over- Collateral
Collateral Deficit
Amount Amount
Trust C 4,867,085.20 0.00
Trust C Insured Payment 0.00
Pool Rolling six month delinquency rate 0.08
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 720,026.62
Cumulative Number of Mortgage loans repurchased to date 3
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 0.00
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
Unreimbursed Delinquent/Servicing Advances Still Outstanding 44,713.58
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 304,250.77
Principal Collected: 1,415,851.31
Insurance Proceeds Received: -
Net Liquidation Proceeds: 262,140.55
Delinquency Advances on Mortgage Interest: 163,427.43
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 2,156.70
Unreimbursed Delq/Servicing Advances Paid Back to CertificateHo -
Sum of the Above Amounts: 2,147,826.76
LESS:
Servicing Fees (including PPIS): 14,629.97
Non-Recoverable Advance 65.36
Indenture Trustee Fees: 314.08
Owner Trustee Fees: 277.78
Insurance Premiums: 6,326.01
Reimbursement of Delinquency Advances/Servicing Advances -
Total Reductions to Available Funds Amount: 21,613.20
Total Available Funds: 2,126,213.56