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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: October 25, 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 September, 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 September 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 September 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
October 31, 2000
<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 650,000,000 469,696,82 2,865,88 7,025,1 9,891,071.28
A Certificate -
Totals 650,000,000 469,696,82 2,865,88 7,025,1 9,891,071.28
</TABLE>
<TABLE>
<CAPTION>
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
<S> <C> <C> <C> <C> <C>
A 462,671,640. 7.321880% 7.320000%
A Certificate NA NA
Totals 462,671,640.94
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
<S> <C> <C> <C> <C> <C> <C>
A 00755WGC4 722.610501 4.409056 10.807977 15.217033 711.802524
A 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>
Trust A Principal Balan 15,625,717.05 3,474,828.95 1,582,548.14 10,922,148.82 4,112,568.60
% of Pool Balan 3.20582% 0.71291% 0.32468% 2.24082% 0.84375%
Number of Loans 275 60 35 187 70
% of Loans 3.54473% 0.77340% 0.45115% 2.41042% 0.90229%
Loans
in
Foreclosure
<C>
Trust A Principal Balan 17,222,810.41
% of Pool Balan 3.53348%
Number of Loans 293
% of Loans 3.77675%
</TABLE>
<TABLE>
General Mortgage Loan Information:
<CAPTION>
Trust A
<S> <C>
Beginning Aggregate Mortgage Loan Balance 494,410,927.70
Prefunding 0.00
Principal Reduction 6,993,066.96
Ending Aggregate Mortgage Loan Balance 487,417,860.74
Beginning Aggregate Mortgage Loan Count 7864
Ending Aggregate Mortgage Loan Count 7758
Current Weighted Average Coupon Rate 9.532327%
Next Weighted Average Coupon Rate 9.527388%
</TABLE>
<TABLE>
Mortgage Loan Principal Reduction Information:
<CAPTION>
Trust A
<S> <C>
Scheduled Principal 655,474.72
Curtailments 96,594.03
Prepayments 5,330,425.57
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 910,572.64
Other Principal 0.00
Less: Realized Losses 556,585.56
Total Principal Reduction 7,549,652.52
</TABLE>
<TABLE>
Servicer Information:
<CAPTION>
Trust A
<S> <C>
Accrued Servicing Fee for the Current Period 206,004.55
Less: Amounts to Cover Interest Shortfalls 4,700.87
Less: Delinquent Service Fees 62,307.97
Collected Servicing Fees for Current Period: 138,995.71
Advanced Principal N/A
Advanced Interest 1,185,389.42
</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 5,330,4 1,007, 6,436,48 -
-
Total 5,330,4 1,007, 6,436,48 -
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 0.00 24,714,101.98 588,703.38 0.00 24,746,219.80
Specified Over-
Over- Collateral
Collateral Deficit
Amount Amount
<S> <S> <S>
Trust A 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 0.035573
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 5,130,826.15
Cumulative Number of Mortgage loans repurchased to date 11
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 220,764.35
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
Unremibursed Delinquent/Servicing Advances still Outstanding 48,322.41
</TABLE>
<TABLE>
TOTAL AVAILABLE FUNDS:
<CAPTION>
<S> <S> <C> <C> <C>
Current Interest Collected: 2,679,708.11
Principal Collected: 6,082,494.32
Insurance Proceeds Received: -
Net Liquidation Proceeds: 353,987.08
Delinquency Advances on Mortgage Interest: 1,185,389.42
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 10,684.80
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: 10,312,263.73
LESS:
Servicing Fees (including PPIS): 143,696.58
Non Recoverable Advance 3,479.40
Indenture Trustee Fees: 2,884.06
Owner Trustee Fees: 277.78
Insurance Premiums: 50,883.82
Reimbursement of Delinquency Advances/Servicing Advances 220,764.35
Total Reductions to Available Funds Amount: 421,985.99
Total Available Funds: 9,890,277.74
</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 350,000,000 254,320,42 1,551,75 4,286,4 5,838,158.12
B Certificate -
Totals 350,000,000 254,320,42 1,551,75 4,286,4 5,838,158.12
</TABLE>
<TABLE>
<CAPTION>
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
<S> <C> <C> <C> <C> <C>
B 250,034,024. 7.321880% 7.320000%
B Certificate NA NA
Totals 250,034,024.89
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
<S> <C> <C> <C> <C> <C> <C>
B 00755WGD2 726.629799 4.433580 12.246872 16.680452 714.382927
B 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 B Principal Balan 7,426,712.87 2,003,458.83 1,267,769.57 6,104,563.81 3,030,964.21
% of Pool Balan 2.82000% 0.76073% 0.48138% 2.31796% 1.15089%
Number of Loans 138 24 15 103 49
% of Loans 3.92603% 0.68279% 0.42674% 2.93030% 1.39403%
Loans
in
Foreclosure
<C>
Trust B Principal Balan 11,102,796.27
% of Pool Balan 4.21584%
Number of Loans 183
% of Loans 5.20626%
</TABLE>
<TABLE>
General Mortgage Loan Information:
<CAPTION>
Trust B
<S> <C>
Beginning Aggregate Mortgage Loan Balance 267,645,303.05
Subsequent Mortgage Loans Added This Period 0.00
Principal Reduction 4,286,405.06
Ending Aggregate Mortgage Loan Balance 263,358,897.99
Beginning Aggregate Mortgage Loan Count 3,564
Ending Aggregate Mortgage Loan Count 3,515
Current Weighted Average Coupon Rate 9.530598%
Next Weighted Average Coupon Rate 9.523112%
</TABLE>
<TABLE>
Mortgage Loan Principal Reduction Information:
<CAPTION>
Trust B
<S> <C>
Scheduled Principal 319,933.26
Curtailments 152,470.88
Prepayments 2,996,469.17
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 817,531.75
Other Principal 0.00
Less: Realized Losses 351,897.19
Total Principal Reduction 4,638,302.25
</TABLE>
<TABLE>
Servicer Information:
<CAPTION>
Trust B
<S> <C>
Accrued Servicing Fee for the Current Period 111,518.88
Less: Amounts to Cover Interest Shortfalls 1,573.01
Less: Delinquent Service Fees 32,518.74
Collected Servicing Fees for Current Period: 77,427.13
Advanced Principal N/A
Advanced Interest 624,290.67
</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 2,996,4 970 3,934,50 -
- -
Total 2,996,4 970 3,934,50 -
Unpaid
Realized Loss
Amount
<S> <C> <C> <C> <C> <C> <C>
Class B -
-
</TABLE>
<TABLE>
<CAPTION>
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 0.00 13,324,873.10 351,897.19 0.00 13,324,873.10
Specified Over-
Over- Collateral
Collateral Deficit
Amount Amount
<S> <S> <S>
Trust B 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 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 3,634,915.98
Cumulative Number of Mortgage loans repurchased to date 8
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 86,634.08
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
Unreimbursed Delinquent/Servicing Advances Still Outstanding 37,916.51
</TABLE>
<TABLE>
TOTAL AVAILABLE FUNDS:
<CAPTION>
<S> <S> <C> <C> <C>
Current Interest Collected: 1,468,873.66
Principal Collected: 3,468,873.31
Insurance Proceeds Received: -
Net Liquidation Proceeds: 465,634.56
Delinquency Advances on Mortgage Interest: 624,290.67
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 6,165.60
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: 6,033,837.80
LESS:
Servicing Fees (including PPIS): 79,000.14
Non-Recoverable Advance 655.04
Indenture Trustee Fees: 1,561.26
Owner Trustee Fees: 277.78
Insurance Premiums: 27,551.38
Reimbursement of Delinquency Advances/Servicin 86,634.08
Total Reductions to Available Funds Amount: 195,679.68
Total Available Funds: 5,838,158.12
</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 64,143,4 383,3 1,664,0 2,047,445.88
C Certificate 118,5 118,518.51
Totals 100,000,000 64,143,4 501,8 1,664,0 2,165,964.39
</TABLE>
<TABLE>
<CAPTION>
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
<S> <C> <C> <C> <C> <C>
C 62,479,335 7.171880% 7.170000%
C Certificate NA NA
Totals 62,479,335.60
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
<S> <C> <C> <C> <C> <C> <C>
C 00755WGE0 641.434240 3.833575 16.640884 20.474459 624.793356
C Certificate 0.000000 0.182336 0.000000 0.182336 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 1,486,076.73 529,210.26 357,461.11 1,950,981.44 1,500,489.43
% of Pool Balan 2.20662% 0.78580% 0.53078% 2.89693% 2.22802%
Number of Loans 21 7 6 24 15
% of Loans 2.83784% 0.94595% 0.81081% 3.24324% 2.02703%
Loans
in
Foreclosure
<C>
Trust C Principal Balan 3,680,143.79
% of Pool Balan 5.46450%
Number of Loans 45
% of Loans 6.08108%
</TABLE>
<TABLE>
General Mortgage Loan Information:
<CAPTION>
Trust C
<S> <C>
Beginning Aggregate Mortgage Loan Balance 69,010,509.23
Prefunding N/A
Principal Reduction 1,664,088.43
Ending Aggregate Mortgage Loan Balance 67,346,420.80
Beginning Aggregate Mortgage Loan Count 759
Ending Aggregate Mortgage Loan Count 740
Current Weighted Average Coupon Rate 9.975939%
Next Weighted Average Coupon Rate 9.950586%
</TABLE>
<TABLE>
Mortgage Loan Principal Reduction Information:
<CAPTION>
Trust C
<S> <C>
Scheduled Principal 31,736.10
Curtailments 9,351.96
Prepayments 1,506,913.94
Repurchases 0.00
Substitutions 0.00
Liquidation Proceeds 116,086.43
Other Principal 0.00
Less: Realized Losses 36,022.59
Total Principal Reduction 1,700,111.02
</TABLE>
<TABLE>
Servicer Information:
<CAPTION>
Trust C
<S> <C>
Accrued Servicing Fee for the Current Period 28,754.37
Less: Amounts to Cover Interest Shortfalls 0.00
Less: Delinquent Service Fees 8,893.06
Collected Servicing Fees for Current Period: 19,861.31
Advanced Principal N/A
Advanced Interest 175,606.57
</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 1,506,9 125 1,628,06 -
. . -
Unpaid
Realized Loss
Amount
<S> <C> <C> <C> <C> <C> <C>
Class C -
-
</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 4,867,085.20 36,022.59 0.00 4,867,085.20
Specified Over-
Over- Collateral
Collateral Deficit
Amount Amount
<S> <S> <S>
Trust C 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 0.06
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 1,556,686.67
Cumulative Number of Mortgage loans repurchased to date 3
Unreimbursed Delinquent/Servicing Advances Paid Back to Servicer This Period 229.58
Unreimbursed Delinquent/Servicing Advances Paid Back to Certificateholder This Period 0.00
Unreimbursed Delinquent/Servicing Advances Still Outstanding 0.00
</TABLE>
<TABLE>
TOTAL AVAILABLE FUNDS:
<CAPTION>
<S> <S> <C> <C> <C>
Current Interest Collected: 389,204.20
Principal Collected: 1,548,002.00
Insurance Proceeds Received: -
Net Liquidation Proceeds: 80,063.84
Delinquency Advances on Mortgage Interest: 175,606.57
Delinquency Advances on Mortgage Principal NA
Repurchase and Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Note Account: 2,282.70
Sum of the Above Amounts: 2,195,159.31
LESS:
Servicing Fees (including PPIS): 19,861.31
Non-Recoverable Advance 138.50
Indenture Trustee Fees: 402.56
Owner Trustee Fees: 277.78
Insurance Premiums: 8,285.19
Reimbursement of Delinquency Advances/Servicin 229.58
Total Reductions to Available Funds Amount: 29,194.92
Total Available Funds: 2,165,964.39
</TABLE>
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