<PAGE> 1
===============================================================================
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 (Date of earliest event reported) November 2, 1998
Advanta Mortgage Loan Trust 1998-4A
Advanta Mortgage Loan Trust 1998-4B
Advanta Mortgage Loan Trust 1998-4C
------------------------------------------------------
(Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
<S> <C> <C>
New York 333-52351 Application Pending
- ---------------------------------------------- ---------------- ------------------------------------
(State or Other Jurisdiction of Incorporation) (Commission File (I.R.S. Employer Identification No.)
Number)
</TABLE>
Attention: President 19477
Welsh & McKean Roads ----------
Spring House, Pennsylvania (Zip Code)
Registrant's telephone number, including area code (215) 657-4000
----------------
===============================================================================
<PAGE> 2
Item 5. Other Events
- ---------------------
The consolidated financial statements of Ambac Assurance Corporation
and its subsidiaries as of December 31, 1997 and 1996 and for the three year
period ended December 31, 1997, included in the Annual Report on Form 10-K of
Ambac Financial Group, Inc. (which was filed with the Commission on March 31,
1998, Commission File No. 1-10777) and the unaudited consolidated financial
statements of Ambac Assurance Corporation and its subsidiaries as of September
30, 1998 and for the periods ending September 30, 1998 and September 30, 1997
included in the Quarterly Report on Form 10-Q of Ambac Financial Group, Inc. for
the period ended September 30, 1998 (which was filed with the Commission on
November 13, 1998) are hereby incorporated by reference in (i) this Current
Report on Form 8-K; (ii) the Prospectus; and (iii) the Prospectus Supplement for
the Advanta Mortgage Loan Trust 1998-4A, Advanta Mortgage Loan Trust 1998-4B and
the Advanta Mortgage Loan Trust 1998-4C, and shall be deemed to be part hereof
and thereof.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
- ---------------------------------------------------------------------------
(a) Not applicable
(b) Not applicable.
(c) Exhibits
Exhibit No.
-----------
23.1 Consent of KPMG Peat Marwick LLP
<PAGE> 3
SIGNATURES
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 hereunto duly authorized.
ADVANTA MORTGAGE LOAN TRUST 1998-4A
By: /s/ Mark Dunsheath
--------------------------------
Mark Dunsheath
Vice President
ADVANTA MORTGAGE LOAN TRUST 1998-4B
By: /s/ Mark Dunsheath
--------------------------------
Mark Dunsheath
Vice President
ADVANTA MORTGAGE LOAN TRUST 1998-4C
By: /s/ Mark Dunsheath
--------------------------------
Mark Dunsheath
Vice President
Dated: November 24, 1998
<PAGE> 4
EXHIBIT INDEX
Exhibit No. Description Page No.
23.1 Consent of KPMG Peat Marwick LLP
<PAGE> 1
EXHIBIT 23.1
The Board of Directors
Ambac Assurance Corporation:
We consent to the incorporation by reference in the registration statement (No.
333-52351) of Advanta Mortgage Loan Trust 1998-4 (the "Registrant") and in the
Prospectus Supplement of the Registrant (the "Prospectus Supplement"), via the
Form 8-K of the Registrant dated November 24, 1998, of our report dated January
29, 1998 on the consolidated financial statements of Ambac Assurance Corporation
as of December 31, 1997 and 1996, and for each of the years in the three-year
period ended December 31, 1997, which report appears in the Form 10-K of Ambac
Financial Group, Inc. dated March 31, 1998 and to the reference to our firm
under the heading "Experts" in the Prospectus Supplement.
/s/ KPMG Peat Marwick LLP
New York, New York
November 24, 1998
