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 25,1999
ADVANTA Mortgage Loan Trust 1998-4A, 1998-4B, 1998-4C
New York 333-52351-02 "Pending"
333-52351-03
333-52351-04
c/o ADVANTA Mortgage Corp., USA
Attn: William P. Garland
10790 Rancho Bernardo Road
San Diego, CA 92127
(619) 674-1800
Item 5. Other Events
Information relating to the distributions to Certificate holders
for the December, 1998 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, 1998 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, 1998 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/ William P. Garland
William P. Garland
Senior Vice President
Loan Service Administration
January 31, 1999
<TABLE>
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4A
Statement to Certificateholders
<CAPTION>
Original Prior
Face Principal
Class Value Balance Interest Principal Total
<S> <C> <C> <C> <C> <C>
A 650,000,000. 647,870,671. 3,186,851 5,858,02 9,044,877.55
A Certificate 1,827,380 1,827,380.04
Totals 650,000,000. 647,870,671. 5,014,231 5,858,02 10,872,257.59
</TABLE>
<TABLE>
<CAPTION>
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
<S> <C> <C> <C> <C> <C>
A 642,012,645. 6.324380% 5.639690%
A Certificate NA NA
Totals 642,012,645.39
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
<S> <C> <C> <C> <C> <C> <C>
A 00755WGC4 996.724110 4.902848 9.012348 13.915196 987.711762
A Certificate 0.000000 2.811354 0.000000 2.811354 0.000000
</TABLE>
<TABLE>
Delinquent Loan Information:
<CAPTION>
90+ Days Loans Loans
30-59 60-89 excldg f/c,REO in in
Days Days & Bkrptcy Bankruptcy REO
<S> <C> <C> <C> <C> <C>
Trust A Principal Balan 9,080,055.26 1,572,788.92 0.00 368,392.40 0.00
% of Pool Balan 1.52396% 0.26397% 0.00000% 0.06183% 0.00000%
Number of Loans 155 29 0 6 0
% of Loans 1.68423% 0.31511% 0.00000% 0.06520% 0.00000%
Loans
in
Foreclosure
<C>
Trust A Principal Balan 682,029.98
% of Pool Balan 0.11447%
Number of Loans 12
% of Loans 0.13039%
</TABLE>
<TABLE>
General Mortgage Loan Information:
<CAPTION>
Trust A
<S> <C>
Beginning Aggregate Mortgage Loan Balance 600,042,647.61
Prefunding 139,216,588.17
Principal Reduction 4,224,894.61
Ending Aggregate Mortgage Loan Balance 595,818,398.48
Beginning Aggregate Mortgage Loan Count 9267
Ending Aggregate Mortgage Loan Count 9203
Current Weighted Average Coupon Rate 7.858717%
Next Weighted Average Coupon Rate 7.414793%
</TABLE>
<TABLE>
Mortgage Loan Principal Reduction Information:
<CAPTION>
Trust A
<S> <C>
Scheduled Principal 803,588.54
Curtailments (8,638.62)
Prepayments 3,157,249.21
Repurchases 272,050.00
Substitutions 645.48
Liquidation Proceeds 0.00
Other Principal 0.00
Less: Realized Losses 0.00
Total Principal Reduction 4,224,894.61
</TABLE>
<TABLE>
Servicer Information:
<CAPTION>
Trust A
<S> <C>
Accrued Servicing Fee for the Current Period 250,017.77
Less: Amounts to Cover Interest Shortfalls 1,756.81
Less: Delinquent Service Fees 36,126.71
Collected Servicing Fees for Current Period: 212,134.25
Advanced Principal NA
Advanced Interest 720,241.06
</TABLE>
<TABLE>
<CAPTION>
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
<S> <C> <C> <C> <C> <C> <C>
Class A 3,157,24 264,05 4,224,894 -
-
Total 3,157,24 264,05 4,224,894 -
Applied
Realized Loss
Amount
<S> <C> <C> <C> <C> <C> <C>
Class A -
-
Total -
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Has a Remaining Over- Accelerated Extra Over
Trigger Event Pre-Funded Collateral Principal Principal Collateral
Occurred Amount Amount Distributed Distributed Amount
<S> <S> <C> <C> <C> <C> <C>
Trust A NO 58,752,765.34 0.00 1,633,131.58 0.00 0.00
Total 1,633,13 0.00 0.00
Specified Over-
Over- Collateral
Collateral Deficit
Amount Amount
<S> <S> <S>
Trust A 24,746,219.80 0.00
Total 24,746,219.80 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <S> <C> <C> <C> <C> <C>
Trust A Insured Payment 0.00
Pool Rolling six month delinquency rate N/A
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 0.00
Cumulative Number of Mortgage loans repurchased to date 8
</TABLE>
<TABLE>
TOTAL AVAILABLE FUNDS:
<CAPTION>
<S> <S> <C> <C> <C>
Current Interest Collected: 4,084,993.97
Principal Collected: 3,952,199.13
Insurance Proceeds Received: -
Net Liquidation Proceeds: -
Delinquency Advances on Mortgage Interest: 720,241.06
Delinquency Advances on Mortgage Principal NA
Substitution Amounts: 272,695.48
Trust Termination Proceeds: -
Investment Earnings on Certificate Account: 8,210.65
Capitalized Interest Requirement: 75,207.49
Capitalized Interest Fund Earnings 0.00
Capitalized Interest Account 0.00
Investment Earnings on Pre-Funding Account 218,976.51
Remaining Pre-Funding Account: -
Sum of the Above Amounts: 9,332,524.29
LESS:
Servicing Fees (including PPIS): 213,891.06
Dealer Reserve: -
Indenture Trustee Fees: 3,500.25
Owner Trustee Fees: 69.44
Insurance Premiums: 70,185.99
Reimbursement of Delinquency Advances/Servici -
Total Reductions to Available Funds Amount: 287,646.74
Total Available Funds: 9,044,877.55
</TABLE>
<TABLE>
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4B
Statement to Certificateholders
<CAPTION>
Original Prior
Face Principal
Class Value Balance Interest Principal Total
<S> <C> <C> <C> <C> <C>
B 350,000,000. 349,024,376. 1,716,837 2,160,43 3,877,270.60
B Certificate 57,5 57,583.44
Totals 350,000,000. 349,024,376. 1,774,421 2,160,43 3,934,854.04
</TABLE>
<TABLE>
<CAPTION>
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
<S> <C> <C> <C> <C> <C>
B 346,863,943. 6.324380% 5.639690%
B Certificate NA NA
Totals 346,863,943.94
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
<S> <C> <C> <C> <C> <C> <C>
B 00755WGD2 997.212505 4.905251 6.172665 11.077916 991.039840
B Certificate 0.000000 0.088590 0.000000 0.088590 0.000000
</TABLE>
<TABLE>
Delinquent Loan Information:
<CAPTION>
90+ Days Loans Loans
30-59 60-89 excldg f/c,REO in in
Days Days & Bkrptcy Bankruptcy REO
<S> <C> <C> <C> <C> <C>
Trust B Principal Balan 2,769,550.53 332,487.70 0.00 111,220.13 0.00
% of Pool Balan 1.17919% 0.14156% 0.00000% 0.04735% 0.00000%
Number of Loans 39 4 0 2 0
% of Loans 1.29913% 0.13324% 0.00000% 0.06662% 0.00000%
Loans
in
Foreclosure
<C>
Trust B Principal Balan 142,123.76
% of Pool Balan 0.06051%
Number of Loans 2
% of Loans 0.06662%
</TABLE>
<TABLE>
General Mortgage Loan Information:
<CAPTION>
Trust B
<S> <C>
Beginning Aggregate Mortgage Loan Balance 236,401,219.27
Prefunding 0.00
Principal Reduction 1,533,162.50
Ending Aggregate Mortgage Loan Balance 234,868,258.90
Beginning Aggregate Mortgage Loan Count 3017
Ending Aggregate Mortgage Loan Count 3002
Current Weighted Average Coupon Rate 9.561687%
Next Weighted Average Coupon Rate 8.576908%
</TABLE>
<TABLE>
Mortgage Loan Principal Reduction Information:
<CAPTION>
Trust B
<S> <C>
Scheduled Principal 261,222.68
Curtailments (195.46)
Prepayments 1,237,933.15
Repurchases 34,000.00
Substitutions 202.13
Liquidation Proceeds 0.00
Other Principal 0.00
Less: Realized Losses 0.00
Total Principal Reduction 1,533,162.50
</TABLE>
<TABLE>
Servicer Information:
<CAPTION>
Trust B
<S> <C>
Accrued Servicing Fee for the Current Period 98,500.51
Less: Amounts to Cover Interest Shortfalls 182.65
Less: Delinquent Service Fees 11,709.27
Collected Servicing Fees for Current Period: 86,608.59
Advanced Principal NA
Advanced Interest 231,760.69
</TABLE>
<TABLE>
<CAPTION>
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
<S> <C> <C> <C> <C> <C> <C>
Class B 1,237,93 34,0 1,533,162 -
- -
Total 1,237,93 34,0 1,533,162 -
Applied
Realized Loss
Amount
<S> <C> <C> <C> <C> <C> <C>
Class B -
-
Total -
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Has a Remaining Over- Accelerated Extra Over
Trigger Event Pre-Funded Collateral Principal Principal Collateral
Occurred Amount Amount Distributed Distributed Amount
<S> <S> <C> <C> <C> <C> <C>
Trust B NO 118,409,897.90 0.00 627,270.38 0.00 0.00
Total 627,27 0.00 0.00
Specified Over-
Over- Collateral
Collateral Deficit
Amount Amount
<S> <S> <S>
Trust B 13,324,873.10 0.00
Total 13,324,873.10 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <S> <C> <C> <C> <C> <C>
Trust B Insured Payment 0.00
Pool Rolling six month delinquency rate N/A
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 0.00
Cumulative Number of Mortgage loans repurchased to date 3
</TABLE>
<TABLE>
TOTAL AVAILABLE FUNDS:
<CAPTION>
<S> <S> <C> <C> <C>
Current Interest Collected: 1,640,193.60
Principal Collected: 1,498,960.37
Insurance Proceeds Received: -
Net Liquidation Proceeds: -
Delinquency Advances on Mortgage Interest: 231,760.69
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: 34,202.13
Trust Termination Proceeds: -
Investment Earnings on Certificate Account: 3,549.82
Capitalized Interest Requirement: 150,936.78
Capitalized Interest Fund Earnings 0.00
Capitalized Interest Account 0.00
Investment Earnings on Pre-Funding Account 443,717.87
Remaining Pre-Funding Account: -
Sum of the Above Amounts: 4,003,321.26
LESS:
Servicing Fees (including PPIS): 86,791.24
Dealer Reserve: -
Indenture Trustee Fees: 1,379.01
Owner Trustee Fees: 69.44
Insurance Premiums: 37,810.97
Reimbursement of Delinquency Advances/Servici -
Total Reductions to Available Funds Amount: 126,050.66
Total Available Funds: 3,877,270.60
</TABLE>
<TABLE>
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1998-4C
Statement to Certificateholders
<CAPTION>
Original Prior
Face Principal
Class Value Balance Interest Principal Total
<S> <C> <C> <C> <C> <C>
C 100,000,000. 99,328,157 477,00 752,44 1,229,444.94
C Certificate -
Totals 100,000,000. 99,328,157 477,00 752,44 1,229,444.94
</TABLE>
<TABLE>
<CAPTION>
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
<S> <C> <C> <C> <C> <C>
C 98,575,715. 6.174380% 5.489690%
C Certificate NA NA
Totals 98,575,715.31
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
<S> <C> <C> <C> <C> <C> <C>
C 00755WGE0 993.281571 4.770032 7.524418 12.294450 985.757153
C Certificate 0.000000 0.000000 0.000000 0.000000 0.000000
</TABLE>
<TABLE>
Delinquent Loan Information:
<CAPTION>
90+ Days Loans Loans
30-59 60-89 excldg f/c,REO in in
Days Days & Bkrptcy Bankruptcy REO
<S> <C> <C> <C> <C> <C>
Trust C Principal Balan 1,912,932.76 347,206.56 56,186.23 396,752.92 0.00
% of Pool Balan 1.88342% 0.34185% 0.05532% 0.39063% 0.00000%
Number of Loans 24 3 1 4 0
% of Loans 2.20994% 0.27624% 0.09208% 0.36832% 0.00000%
Loans
in
Foreclosure
<C>
Trust C Principal Balan 0.00
% of Pool Balan 0.00000%
Number of Loans 0
% of Loans 0.00000%
</TABLE>
<TABLE>
General Mortgage Loan Information:
<CAPTION>
Trust C
<S> <C>
Beginning Aggregate Mortgage Loan Balance 102,031,823.90
Prefunding N/A
Principal Reduction 464,701.34
Ending Aggregate Mortgage Loan Balance 101,567,122.56
Beginning Aggregate Mortgage Loan Count 1092
Ending Aggregate Mortgage Loan Count 1086
Current Weighted Average Coupon Rate 9.639670%
Next Weighted Average Coupon Rate 9.638170%
</TABLE>
<TABLE>
Mortgage Loan Principal Reduction Information:
<CAPTION>
Trust C
<S> <C>
Scheduled Principal 91,295.14
Curtailments (186.58)
Prepayments 304,778.85
Repurchases 68,813.93
Substitutions 0.00
Liquidation Proceeds 0.00
Other Principal 0.00
Less: Realized Losses 0.00
Total Principal Reduction 464,701.34
</TABLE>
<TABLE>
Servicer Information:
<CAPTION>
Trust C
<S> <C>
Accrued Servicing Fee for the Current Period 42,513.26
Less: Amounts to Cover Interest Shortfalls 0.00
Less: Delinquent Service Fees 6,125.39
Collected Servicing Fees for Current Period: 36,387.87
Advanced Principal NA
Advanced Interest 117,705.48
</TABLE>
<TABLE>
<CAPTION>
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
<S> <C> <C> <C> <C> <C> <C>
Class C 304,77 68,6 464,70 -
- -
Total 304,77 68,6 464,70 -
Applied
Realized Loss
Amount
<S> <C> <C> <C> <C> <C> <C>
Class C -
-
Total -
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Has a Over- Accelerated Extra Over
Trigger Event Collateral Principal Principal Collateral
Occurred Amount Distributed Distributed Amount
<S> <S> <C> <C> <C> <C>
Trust C NO 2,703,666.82 287,740.43 0.00 2,991,407.25
Total 2,703,666 287,74 0.00 2,991,407.25
Specified Over-
Over- Collateral
Collateral Deficit
Amount Amount
<S> <S> <S>
Trust B 4,867,085.20 0.00
Total 4,867,085.20 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <S> <C> <C> <C> <C> <C>
Trust C Insured Payment 0.00
Pool Rolling six month delinquency rate N/A
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 0.00
Cumulative Number of Mortgage loans repurchased to date 3
</TABLE>
<TABLE>
TOTAL AVAILABLE FUNDS:
<CAPTION>
<S> <S> <C> <C> <C>
Current Interest Collected: 695,796.69
Principal Collected: 395,887.41
Insurance Proceeds Received: -
Net Liquidation Proceeds: -
Delinquency Advances on Mortgage Interest: 117,705.48
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: 68,813.93
Trust Termination Proceeds: -
Investment Earnings on Note Account: 1,123.82
Sum of the Above Amounts: 1,279,327.33
LESS:
Servicing Fees (including PPIS): 36,387.87
Dealer Reserve: -
Indenture Trustee Fees: 595.19
Owner Trustee Fees: 69.44
Insurance Premiums: 12,829.89
Reimbursement of Delinquency Advances/Servici -
Total Reductions to Available Funds Amount: 49,882.39
Total Available Funds: 1,229,444.94
</TABLE>