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 27, 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 October, 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 October 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 October 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
November 30, 2000
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4A
Statement to Certificateholders
Original Prior
Face Principal
Class Value Balance Interest Principal Total
A 650,000,000 462,671,64 3,104,52 7,864,0 10,968,567.34
A Certificate -
Totals 650,000,000 462,671,64 3,104,52 7,864,0 10,968,567.34
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
A 454,807,600. 7.320000% 7.317500%
A Certificate NA NA
Totals 454,807,600.31
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
A 00755WGC4 711.802525 4.776195 12.098524 16.874719 699.704001
A 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 A Principal Balan 15,587,346.82 2,481,049.85 1,421,671.14 11,272,955.75 4,851,781.28
% of Pool Balan 3.25080% 0.51743% 0.29649% 2.35102% 1.01186%
Number of Loans 255 46 25 193 77
% of Loans 3.33700% 0.60209% 0.32723% 2.52618% 1.00785%
Loans
in
Foreclosure
Trust A Principal Balan 18,473,684.18
% of Pool Balan 3.85275%
Number of Loans 313
% of Loans 4.09686%
General Mortgage Loan Information:
Trust A
Beginning Aggregate Mortgage Loan Balance 487,417,860.74
Prefunding 0.00
Principal Reduction 7,924,752.52
Ending Aggregate Mortgage Loan Balance 479,493,108.22
Beginning Aggregate Mortgage Loan Count 7758
Ending Aggregate Mortgage Loan Count 7640
Current Weighted Average Coupon Rate 9.527388%
Next Weighted Average Coupon Rate 9.521567%
Mortgage Loan Principal Reduction Information:
Trust A
Scheduled Principal 660,095.54
Curtailments 198,866.12
Prepayments 6,259,448.83
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 806,342.03
Other Principal 0.00
Less: Realized Losses 582,723.51
Total Principal Reduction 8,507,476.03
Servicer Information:
Trust A
Accrued Servicing Fee for the Current Period 203,090.78
Less: Amounts to Cover Interest Shortfalls 6,562.08
Less: Delinquent Service Fees 58,972.26
Collected Servicing Fees for Current Period: 137,556.44
Advanced Principal N/A
Advanced Interest 1,122,656.83
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 6,259,4 1,005, 7,342,02 -
-
Total 6,259,4 1,005, 7,342,02 -
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 24,746,219.80 522,011.62 0.00 24,685,507.91
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 0.037586
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 6,013,882.35
Cumulative Number of Mortgage loans repurchased to date 11
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 0.00
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
Unremibursed Delinquent/Servicing Advances still Outstanding 211,725.72
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 2,688,220.13
Principal Collected: 7,118,410.49
Insurance Proceeds Received: -
Net Liquidation Proceeds: 223,618.52
Delinquency Advances on Mortgage Interest: 1,122,656.83
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 13,500.72
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: 11,166,406.69
LESS:
Servicing Fees (including PPIS): 144,118.52
Non Recoverable Advance 1,548.43
Indenture Trustee Fees: 2,843.27
Owner Trustee Fees: 277.78
Insurance Premiums: 50,122.76
Reimbursement of Delinquency Advances/Servicing Advances -
Total Reductions to Available Funds Amount: 198,910.76
Total Available Funds: 10,967,495.93
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4B
Statement to Certificateholders
Original Prior
Face Principal
Class Value Balance Interest Principal Total
B 350,000,000 250,034,02 1,677,72 3,590,0 5,267,802.19
B Certificate -
Totals 350,000,000 250,034,02 1,677,72 3,590,0 5,267,802.19
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
B 246,443,951. 7.320000% 7.317500%
B Certificate NA NA
Totals 246,443,951.01
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
B 00755WGD2 714.382928 4.793509 10.257354 15.050863 704.125574
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 6,849,918.26 1,418,529.93 1,002,969.89 6,271,373.09 3,097,017.85
% of Pool Balan 2.63817% 0.54633% 0.38628% 2.41535% 1.19278%
Number of Loans 113 22 18 104 54
% of Loans 3.25836% 0.63437% 0.51903% 2.99885% 1.55709%
Loans
in
Foreclosure
Trust B Principal Balan 11,352,618.85
% of Pool Balan 4.37233%
Number of Loans 180
% of Loans 5.19031%
General Mortgage Loan Information:
Trust B
Beginning Aggregate Mortgage Loan Balance 263,358,897.99
Subsequent Mortgage Loans Added This Period 0.00
Principal Reduction 3,711,916.88
Ending Aggregate Mortgage Loan Balance 259,646,981.11
Beginning Aggregate Mortgage Loan Count 3,515
Ending Aggregate Mortgage Loan Count 3,468
Current Weighted Average Coupon Rate 9.523112%
Next Weighted Average Coupon Rate 9.517887%
Mortgage Loan Principal Reduction Information:
Trust B
Scheduled Principal 340,188.11
Curtailments 55,607.37
Prepayments 2,435,335.13
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 880,786.27
Other Principal 0.00
Less: Realized Losses 401,076.12
Total Principal Reduction 4,112,993.00
Servicer Information:
Trust B
Accrued Servicing Fee for the Current Period 109,732.87
Less: Amounts to Cover Interest Shortfalls 1,308.38
Less: Delinquent Service Fees 31,437.25
Collected Servicing Fees for Current Period: 76,987.24
Advanced Principal N/A
Advanced Interest 604,461.10
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 2,435,3 936 3,310,84 -
- -
Total 2,435,3 936 3,310,84 -
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 13,324,873.10 279,233.12 0.00 13,203,030.10
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 0.05
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 3,730,639.74
Cumulative Number of Mortgage loans repurchased to date 8
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 138,261.48
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 1,454,098.54
Principal Collected: 2,831,130.61
Insurance Proceeds Received: -
Net Liquidation Proceeds: 479,710.15
Delinquency Advances on Mortgage Interest: 604,461.10
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 6,487.60
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: 5,375,888.00
LESS:
Servicing Fees (including PPIS): 78,295.62
Non-Recoverable Advance 889.13
Indenture Trustee Fees: 1,536.26
Owner Trustee Fees: 277.78
Insurance Premiums: 27,087.02
Reimbursement of Delinquency Advances/Servicin -
Total Reductions to Available Funds Amount: 108,085.81
Total Available Funds: 5,267,802.19
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 62,479,3 410,6 3,392,7 3,803,437.44
C Certificate 60, 60,798.80
Totals 100,000,000 62,479,3 471,4 3,392,7 3,864,236.24
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
C 59,086,543 7.170000% 7.167500%
C Certificate NA NA
Totals 59,086,543.59
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
C 00755WGE0 624.793356 4.106454 33.927920 38.034374 590.865436
C Certificate 0.000000 0.093537 0.000000 0.093537 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 2,355,361.50 193,663.73 106,763.35 2,198,852.96 1,272,886.55
% of Pool Balan 3.68292% 0.30282% 0.16694% 3.43820% 1.99033%
Number of Loans 26 4 2 26 12
% of Loans 3.68794% 0.56738% 0.28369% 3.68794% 1.70213%
Loans
in
Foreclosure
Trust C Principal Balan 4,438,776.67
% of Pool Balan 6.94062%
Number of Loans 55
% of Loans 7.80142%
General Mortgage Loan Information:
Trust C
Beginning Aggregate Mortgage Loan Balance 67,346,420.80
Prefunding N/A
Principal Reduction 3,392,792.01
Ending Aggregate Mortgage Loan Balance 63,953,628.79
Beginning Aggregate Mortgage Loan Count 740
Ending Aggregate Mortgage Loan Count 705
Current Weighted Average Coupon Rate 10.476892%
Next Weighted Average Coupon Rate 10.412907%
Mortgage Loan Principal Reduction Information:
Trust C
Scheduled Principal 28,556.73
Curtailments 222,035.05
Prepayments 2,914,597.35
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 227,602.88
Other Principal 0.00
Less: Realized Losses 73,823.02
Total Principal Reduction 3,466,615.03
Servicer Information:
Trust C
Accrued Servicing Fee for the Current Period 28,061.00
Less: Amounts to Cover Interest Shortfalls 292.49
Less: Delinquent Service Fees 8,298.96
Collected Servicing Fees for Current Period: 19,469.55
Advanced Principal N/A
Advanced Interest 167,803.23
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 2,914,5 449 3,318,96 -
. . -
Unpaid
Realized Loss
Amount
Class C -
-
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 73,823.02 0.00 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 0.07
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 1,297,634.71
Cumulative Number of Mortgage loans repurchased to date 3
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 10,476.10
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
Unreimbursed Delinquent/Servicing Advances Still Outstanding 0.00
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 411,882.12
Principal Collected: 3,165,189.13
Insurance Proceeds Received: -
Net Liquidation Proceeds: 153,779.86
Delinquency Advances on Mortgage Interest: 167,803.23
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 4,743.20
Sum of the Above Amounts: 3,903,397.54
LESS:
Servicing Fees (including PPIS): 19,762.04
Non-Recoverable Advance 182.28
Indenture Trustee Fees: 392.85
Owner Trustee Fees: 277.78
Insurance Premiums: 8,070.25
Reimbursement of Delinquency Advances/Servicin 10,476.10
Total Reductions to Available Funds Amount: 39,161.30
Total Available Funds: 3,864,236.24