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: January 25, 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 December, 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 December 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 December 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
January 31, 2001
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4A
Statement to Certificateholders
Original Prior
Face Principal
Class Value Balance Interest Principal Total
A 650,000,000 447,498,20 2,739,99 7,418,6 10,158,617.67
A Certificate -
Totals 650,000,000 447,498,20 2,739,99 7,418,6 10,158,617.67
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
A 440,079,582. 7.347500% 6.413750%
A Certificate NA NA
Totals 440,079,582.58
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
A 00755WGC4 688.458779 4.215376 11.413267 15.628643 677.045512
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 13,591,222.00 2,782,299.39 1,870,449.58 11,913,590.41 5,002,591.03
% of Pool Balan 2.92394% 0.59857% 0.40240% 2.56302% 1.07623%
Number of Loans 235 51 32 201 82
% of Loans 3.15945% 0.68567% 0.43022% 2.70234% 1.10245%
Loans
in
Foreclosure
Trust A Principal Balan 17,760,460.46
% of Pool Balan 3.82089%
Number of Loans 291
% of Loans 3.91234%
General Mortgage Loan Information:
Trust A
Beginning Aggregate Mortgage Loan Balance 472,244,425.83
Prefunding 0.00
Principal Reduction 7,418,623.45
Ending Aggregate Mortgage Loan Balance 464,825,802.38
Beginning Aggregate Mortgage Loan Count 7552
Ending Aggregate Mortgage Loan Count 7438
Current Weighted Average Coupon Rate 9.517648%
Next Weighted Average Coupon Rate 9.512918%
Mortgage Loan Principal Reduction Information:
Trust A
Scheduled Principal 678,875.16
Curtailments 226,352.84
Prepayments 5,006,878.48
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 1,506,516.97
Other Principal 0.00
Less: Realized Losses 686,843.04
Total Principal Reduction 8,105,466.49
Servicer Information:
Trust A
Accrued Servicing Fee for the Current Period 196,768.51
Less: Amounts to Cover Interest Shortfalls 45.75
Less: Delinquent Service Fees 61,551.14
Collected Servicing Fees for Current Period: 135,171.62
Advanced Principal N/A
Advanced Interest 1,163,477.12
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 5,006,8 1,732, 6,731,78 -
-
Total 5,006,8 1,732, 6,731,78 -
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 24,746,219.80 686,843.04 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 0.042196
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 5,721,965.34
Cumulative Number of Mortgage loans repurchased to date 11
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 78,778.10
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
Unremibursed Delinquent/Servicing Advances still Outstanding 98,998.12
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 2,520,518.54
Principal Collected: 5,912,106.48
Insurance Proceeds Received: -
Net Liquidation Proceeds: 819,673.93
Delinquency Advances on Mortgage Interest: 1,163,477.12
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 9,707.10
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: 10,425,483.17
LESS:
Servicing Fees (including PPIS): 135,217.37
Non Recoverable Advance 1,806.83
Indenture Trustee Fees: 2,754.76
Owner Trustee Fees: 277.78
Insurance Premiums: 48,478.97
Reimbursement of Delinquency Advances/Servicing Advances 78,778.10
Total Reductions to Available Funds Amount: 267,313.81
Total Available Funds: 10,158,169.36
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4B
Statement to Certificateholders
Original Prior
Face Principal
Class Value Balance Interest Principal Total
B 350,000,000 241,915,99 1,481,23 3,818,1 5,299,363.68
B Certificate -
Totals 350,000,000 241,915,99 1,481,23 3,818,1 5,299,363.68
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
B 238,097,862. 7.347500% 6.413750%
B Certificate NA NA
Totals 238,097,862.47
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
B 00755WGD2 691.188556 4.232090 10.908949 15.141039 680.279607
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 6,128,818.38 2,239,819.33 726,580.89 7,050,591.65 3,217,417.36
% of Pool Balan 2.43765% 0.89086% 0.28899% 2.80428% 1.27968%
Number of Loans 120 41 15 120 56
% of Loans 3.57675% 1.22206% 0.44709% 3.57675% 1.66915%
Loans
in
Foreclosure
Trust B Principal Balan 11,237,172.88
% of Pool Balan 4.46943%
Number of Loans 160
% of Loans 4.76900%
General Mortgage Loan Information:
Trust B
Beginning Aggregate Mortgage Loan Balance 255,208,767.85
Subsequent Mortgage Loans Added This Period 0.00
Principal Reduction 3,786,032.28
Ending Aggregate Mortgage Loan Balance 251,422,735.57
Beginning Aggregate Mortgage Loan Count 3,407
Ending Aggregate Mortgage Loan Count 3,355
Current Weighted Average Coupon Rate 9.505847%
Next Weighted Average Coupon Rate 9.496220%
Mortgage Loan Principal Reduction Information:
Trust B
Scheduled Principal 325,759.24
Curtailments 175,078.41
Prepayments 2,543,982.79
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 741,211.84
Other Principal 0.00
Less: Realized Losses 344,573.58
Total Principal Reduction 4,130,605.86
Servicer Information:
Trust B
Accrued Servicing Fee for the Current Period 106,336.99
Less: Amounts to Cover Interest Shortfalls 5.66
Less: Delinquent Service Fees 33,158.22
Collected Servicing Fees for Current Period: 73,173.11
Advanced Principal N/A
Advanced Interest 631,846.00
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 2,543,9 916 3,441,45 -
- -
Total 2,543,9 916 3,441,45 -
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 13,292,773.18 376,673.50 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 0.05
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 3,897,859.16
Cumulative Number of Mortgage loans repurchased to date 8
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 34,512.24
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
Unreimbursed Delinquent/Servicing Advances Still Outstanding 343,034.45
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 1,356,641.94
Principal Collected: 3,044,820.44
Insurance Proceeds Received: -
Net Liquidation Proceeds: 396,638.26
Delinquency Advances on Mortgage Interest: 631,846.00
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 5,092.95
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: 5,435,039.59
LESS:
Servicing Fees (including PPIS): 73,178.77
Non-Recoverable Advance 10.83
Indenture Trustee Fees: 1,488.72
Owner Trustee Fees: 277.78
Insurance Premiums: 26,207.57
Reimbursement of Delinquency Advances/Servicing Advances 34,512.24
Total Reductions to Available Funds Amount: 135,675.91
Total Available Funds: 5,299,363.68
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 53,727,6 322,2 3,228,9 3,551,248.04
C Certificate 32, 32,014.22
Totals 100,000,000 53,727,6 354,2 3,228,9 3,583,262.26
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
C 50,498,613 7.197500% 6.263750%
C Certificate NA NA
Totals 50,498,613.56
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
C 00755WGE0 537.276079 3.222537 32.289943 35.512480 504.986136
C Certificate 0.000000 0.049253 0.000000 0.049253 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 1,517,506.10 820,674.01 23,462.55 1,943,650.46 1,279,647.39
% of Pool Balan 2.74088% 1.48228% 0.04238% 3.51057% 2.31126%
Number of Loans 24 8 2 25 14
% of Loans 3.80952% 1.26984% 0.31746% 3.96825% 2.22222%
Loans
in
Foreclosure
Trust C Principal Balan 3,920,660.27
% of Pool Balan 7.08139%
Number of Loans 44
% of Loans 6.98413%
General Mortgage Loan Information:
Trust C
Beginning Aggregate Mortgage Loan Balance 58,594,693.09
Prefunding N/A
Principal Reduction 3,228,994.33
Ending Aggregate Mortgage Loan Balance 55,365,698.76
Beginning Aggregate Mortgage Loan Count 657
Ending Aggregate Mortgage Loan Count 630
Current Weighted Average Coupon Rate 10.656429%
Next Weighted Average Coupon Rate 10.592301%
Mortgage Loan Principal Reduction Information:
Trust C
Scheduled Principal 23,140.47
Curtailments 32,151.61
Prepayments 3,090,134.89
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 83,567.36
Other Principal 0.00
Less: Realized Losses 42,888.02
Total Principal Reduction 3,271,882.35
Servicer Information:
Trust C
Accrued Servicing Fee for the Current Period 24,414.45
Less: Amounts to Cover Interest Shortfalls 0.00
Less: Delinquent Service Fees 9,054.25
Collected Servicing Fees for Current Period: 15,360.20
Advanced Principal N/A
Advanced Interest 188,780.98
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 3,090,1 115 3,186,10 -
. . -
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 42,888.02 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 0.08
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 1,303,848.24
Cumulative Number of Mortgage loans repurchased to date 3
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 94,185.04
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: 322,506.59
Principal Collected: 3,145,426.97
Insurance Proceeds Received: -
Net Liquidation Proceeds: 40,679.34
Delinquency Advances on Mortgage Interest: 188,780.98
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 3,410.50
Unreimbursed Delq/Servicing Advances Paid Back to CertificateHo -
Sum of the Above Amounts: 3,700,804.38
LESS:
Servicing Fees (including PPIS): 15,360.20
Non-Recoverable Advance 437.48
Indenture Trustee Fees: 341.80
Owner Trustee Fees: 277.78
Insurance Premiums: 6,939.82
Reimbursement of Delinquency Advances/Servicing Advances 94,185.04
Total Reductions to Available Funds Amount: 117,542.12
Total Available Funds: 3,583,262.26