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: February 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 January, 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 January 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 January 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
February 28, 2001
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4A
Statement to Certificateholders
Original Prior
Face Principal
Class Value Balance Interest Principal Total
A 650,000,000 440,079,58 2,508,94 6,902,1 9,411,103.62
A Certificate 240,2 240,239.26
Totals 650,000,000 440,079,58 2,749,18 6,902,1 9,651,342.88
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
A 433,177,421. 6.413750% 6.230000%
A Certificate NA NA
Totals 433,177,421.56
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
A 00755WGC4 677.045512 3.859912 10.618709 14.478621 666.426803
A Certificate 0.000000 0.369599 0.000000 0.369599 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 12,815,285.82 2,745,504.90 859,530.04 12,088,877.98 5,173,228.33
% of Pool Balan 2.79856% 0.59956% 0.18770% 2.63993% 1.12971%
Number of Loans 225 46 19 199 85
% of Loans 3.06707% 0.62704% 0.25900% 2.71265% 1.15867%
Loans
in
Foreclosure
Trust A Principal Balan 17,705,688.45
% of Pool Balan 3.86652%
Number of Loans 294
% of Loans 4.00763%
General Mortgage Loan Information:
Trust A
Beginning Aggregate Mortgage Loan Balance 464,825,802.38
Prefunding 0.00
Principal Reduction 6,902,161.02
Ending Aggregate Mortgage Loan Balance 457,923,641.36
Beginning Aggregate Mortgage Loan Count 7438
Ending Aggregate Mortgage Loan Count 7336
Current Weighted Average Coupon Rate 9.512918%
Next Weighted Average Coupon Rate 9.508979%
Mortgage Loan Principal Reduction Information:
Trust A
Scheduled Principal 653,024.93
Curtailments 233,308.09
Prepayments 5,090,160.87
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 925,667.13
Other Principal 0.00
Less: Realized Losses 483,853.44
Total Principal Reduction 7,386,014.46
Servicer Information:
Trust A
Accrued Servicing Fee for the Current Period 193,677.42
Less: Amounts to Cover Interest Shortfalls 0.00
Less: Delinquent Service Fees 58,011.59
Collected Servicing Fees for Current Period: 135,665.83
Advanced Principal N/A
Advanced Interest 1,096,164.83
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 5,090,1 1,158, 6,418,30 -
-
Total 5,090,1 1,158, 6,418,30 -
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 24,746,219.80 483,853.44 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 0.043979
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 6,243,262.07
Cumulative Number of Mortgage loans repurchased to date 11
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 215,933.37
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: 2,530,698.46
Principal Collected: 5,976,493.89
Insurance Proceeds Received: -
Net Liquidation Proceeds: 441,813.69
Delinquency Advances on Mortgage Interest: 1,096,164.83
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 9,904.12
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: 10,055,074.99
LESS:
Servicing Fees (including PPIS): 135,665.83
Non Recoverable Advance 1,018.65
Indenture Trustee Fees: 2,711.48
Owner Trustee Fees: 277.78
Insurance Premiums: 47,675.29
Reimbursement of Delinquency Advances/Servicing Advances 215,933.37
Total Reductions to Available Funds Amount: 403,282.40
Total Available Funds: 9,651,792.59
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4B
Statement to Certificateholders
Original Prior
Face Principal
Class Value Balance Interest Principal Total
B 350,000,000 238,097,86 1,357,42 4,869,4 6,226,917.94
B Certificate -
Totals 350,000,000 238,097,86 1,357,42 4,869,4 6,226,917.94
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
B 233,228,366. 6.413750% 6.230000%
B Certificate NA NA
Totals 233,228,366.90
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
B 00755WGD2 680.279607 3.878350 13.912844 17.791194 666.366763
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 5,693,231.62 1,652,216.96 467,172.32 7,653,264.41 3,000,049.12
% of Pool Balan 2.30919% 0.67014% 0.18949% 3.10418% 1.21683%
Number of Loans 108 25 11 128 52
% of Loans 3.27968% 0.75919% 0.33404% 3.88703% 1.57911%
Loans
in
Foreclosure
Trust B Principal Balan 10,930,862.50
% of Pool Balan 4.43359%
Number of Loans 164
% of Loans 4.98026%
General Mortgage Loan Information:
Trust B
Beginning Aggregate Mortgage Loan Balance 251,422,735.57
Subsequent Mortgage Loans Added This Period 0.00
Principal Reduction 4,876,039.21
Ending Aggregate Mortgage Loan Balance 246,546,696.36
Beginning Aggregate Mortgage Loan Count 3,355
Ending Aggregate Mortgage Loan Count 3,293
Current Weighted Average Coupon Rate 9.496222%
Next Weighted Average Coupon Rate 9.489732%
Mortgage Loan Principal Reduction Information:
Trust B
Scheduled Principal 335,412.95
Curtailments 120,646.01
Prepayments 3,381,907.84
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 1,038,072.41
Other Principal 0.00
Less: Realized Losses 512,398.86
Total Principal Reduction 5,388,438.07
Servicer Information:
Trust B
Accrued Servicing Fee for the Current Period 104,759.47
Less: Amounts to Cover Interest Shortfalls 0.00
Less: Delinquent Service Fees 30,757.06
Collected Servicing Fees for Current Period: 74,002.41
Advanced Principal N/A
Advanced Interest 585,858.86
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 3,381,9 1,158, 4,363,64 -
- -
Total 3,381,9 1,158, 4,363,64 -
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 13,324,873.10 505,855.22 0.00 13,318,329.46
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 3,653,227.39
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 467,266.19
TOTAL AVAILABLE FUNDS:
Current Interest Collected: 1,373,022.47
Principal Collected: 3,837,966.80
Insurance Proceeds Received: -
Net Liquidation Proceeds: 525,673.55
Delinquency Advances on Mortgage Interest: 585,858.86
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 6,384.29
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: 6,328,905.97
LESS:
Servicing Fees (including PPIS): 74,002.41
Non-Recoverable Advance 447.27
Indenture Trustee Fees: 1,466.63
Owner Trustee Fees: 277.78
Insurance Premiums: 25,793.94
Reimbursement of Delinquency Advances/Servicing Advances -
Total Reductions to Available Funds Amount: 101,988.03
Total Available Funds: 6,226,917.94
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 50,498,6 281,1 1,523,0 1,804,181.73
C Certificate 58, 58,280.40
Totals 100,000,000 50,498,6 339,4 1,523,0 1,862,462.13
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
C 48,975,596 6.263750% 6.080000%
C Certificate NA NA
Totals 48,975,596.89
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
C 00755WGE0 504.986136 2.811651 15.230167 18.041818 489.755969
C Certificate 0.000000 0.089662 0.000000 0.089662 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 1,472,444.81 340,100.76 207,026.92 1,742,467.89 1,341,109.50
% of Pool Balan 2.73472% 0.63166% 0.38450% 3.23622% 2.49079%
Number of Loans 18 7 4 23 14
% of Loans 2.92208% 1.13636% 0.64935% 3.73377% 2.27273%
Loans
in
Foreclosure
Trust C Principal Balan 4,221,871.50
% of Pool Balan 7.84112%
Number of Loans 46
% of Loans 7.46753%
General Mortgage Loan Information:
Trust C
Beginning Aggregate Mortgage Loan Balance 55,365,698.76
Prefunding N/A
Principal Reduction 1,523,016.67
Ending Aggregate Mortgage Loan Balance 53,842,682.09
Beginning Aggregate Mortgage Loan Count 630
Ending Aggregate Mortgage Loan Count 616
Current Weighted Average Coupon Rate 10.606530%
Next Weighted Average Coupon Rate 10.603101%
Mortgage Loan Principal Reduction Information:
Trust C
Scheduled Principal 21,791.47
Curtailments 7,271.72
Prepayments 1,049,993.16
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 443,960.32
Other Principal 0.00
Less: Realized Losses 91,139.05
Total Principal Reduction 1,614,155.72
Servicer Information:
Trust C
Accrued Servicing Fee for the Current Period 23,069.04
Less: Amounts to Cover Interest Shortfalls 0.00
Less: Delinquent Service Fees 8,029.02
Collected Servicing Fees for Current Period: 15,040.02
Advanced Principal N/A
Advanced Interest 168,404.87
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 1,049,9 451 1,431,87 -
. . -
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 91,139.05 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 1,382,566.04
Cumulative Number of Mortgage loans repurchased to date 3
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 31,392.85
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: 312,931.08
Principal Collected: 1,079,056.35
Insurance Proceeds Received: -
Net Liquidation Proceeds: 352,821.27
Delinquency Advances on Mortgage Interest: 168,404.87
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 1,907.94
Unreimbursed Delq/Servicing Advances Paid Back to CertificateHo -
Sum of the Above Amounts: 1,915,121.51
LESS:
Servicing Fees (including PPIS): 15,040.02
Non-Recoverable Advance (896.98)
Indenture Trustee Fees: 322.97
Owner Trustee Fees: 277.78
Insurance Premiums: 6,522.74
Reimbursement of Delinquency Advances/Servicing Advances 31,392.85
Total Reductions to Available Funds Amount: 52,659.38
Total Available Funds: 1,862,462.13