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Previous: APPLIED MOLECULAR EVOLUTION INC, S-1/A, EX-23.1, 2000-07-05 |
Next: FLOWERS DANIEL F, 13F-NT, 2000-07-05 |
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: June 30, 2000
ADVANTA Revolving Home Equity Loan Trust 2000-A
New York 333-92669-01 "Pending"
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 May 2000 Monthly Period of the Trust in respect of
the Revolving Home Equity Loan Asset Backed Notes,
Series 2000-A, (the "Certificates") issued by the Registrant
and the performance of the Trust (including distributions of principal
and interest, delinquent balances of Home Equity 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 April 1, 2000 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 May 2000 Monthly
Period relating to the Revolving Home Equity
Loan Asset Backed Notes, Series 2000-A,
issued by the ADVANTA Revolving
Home Equity Loan Trust 2000-A.
EXHIBIT INDEX
Exhibit
1. Monthly Report for the May 2000 Monthly
Period relating to the Revolving Home Equity
Loan Asset Backed Notes, Series 2000-A,
issued by the ADVANTA Revolving
Home Equity Loan Trust 2000-A.
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 Revolving Home Equity Loan Trust 2000-A
BY: ADVANTA Mortgage Corp., USA
BY: /s/ H. John Berens
H. John Berens
Senior Vice President
Advanta Mortgage
June 30, 2000
<TABLE>
EXHIBIT 1
<CAPTION>
ADVANTA Revolving Home Equity Loan Trust 2000-A
Statement to Certificateholders
Distribution in Dollars - Current Period
<CAPTION>
Prior
Original Principal Total Realized
Class Face Value Balance Interest Principal Distribution Losses
<S> <C> <C> <C> <C> <C> <C>
Notes 400,000,000 395,520,512 2,411,7 5,930,34 8,342,1
Certs
Totals 400,000,000 395,520,512 2,411,7 5,930,34 8,342,1
</TABLE>
<TABLE>
<CAPTION>
Current
Deferred Principal
Class Interest Balance
<S> <C> <C>
Notes 389,590,170.24
Certs -
Totals 389,590,170.24
</TABLE>
<TABLE>
<CAPTION>
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face
Orig. Principal Prior
Period Period (with Notional) Principal
Class Starting Ending Method Cusip Balance Balance
<S> <C> <C> <C> <C> <C> <C>
Notes 5/25/00 6/25/00 A-Act/360 00757CAF5 400,000,000 988.801281
Certs -
</TABLE>
<TABLE>
<CAPTION>
Current
Total Principal
Class Interest Principal Distribution Balance
<S> <C> <C> <C> <C>
Notes 6 14. 20. 973.975426
Certs -
</TABLE>
<TABLE>
<CAPTION>
Distribution in Dollars - To Date
Original Unscheduled Scheduled Total Total
Class Face Value Interest Principal Principal Principal Distribution
<S> <C> <C> <C> <C> <C> <C>
Notes 400,000,000 4,407,1 10,409,829 10,409,82 14,817,014.84
Certs
Totals 400,000,000 4,407,1 10,409,829 10,409,82 14,817,014.84
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
Notes 389,590,170.24
Certs -
Totals 389,590,170.24
</TABLE>
<TABLE>
<CAPTION>
Interest Detail
Pass Prior Principal Non- Prior Unscheduled
Through (with Notional) Accrued Supported Unpaid Interest
Class Rate Balance Interest Interest SF Interest Adjustments
<S> <C> <C> <C> <C> <C> <C>
Notes 6.86000% 395,520,512 2,411,7
Certs
Totals 395,520,512 2,411,7
</TABLE>
<TABLE>
<CAPTION>
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
<S> <C> <C> <C>
Notes 2,411,7 2,411,7 -
Certs -
Totals 2,411,7 2,411,7 -
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
Summary Total
<S> <C> <C> <C> <C> <C> <C>
Principal Collections 4,310,421.45
Principal Withdrawals
Principal Other Accounts
TOTAL NET PRINCIPAL 4,310,421.45
Interest Collections 3,674,952.04
Interest Withdrawals
Interest Fees (316,382.94)
Interest Other Accounts 673,147.68
TOTAL INTEREST 4,031,716.78
TOTAL AVAILABLE TO BONDHOLDERS 8,342,138.23
</TABLE>
<TABLE>
<CAPTION>
Principal - Collections Total
<S> <C> <C> <C> <C> <C> <C>
Principal Received 4,310,421.45
Repurchases/Substitutions
Liquidations
Insurance Principal
Realized Losses
TOTAL PRINCIPAL COLLECTED 4,310,421.45
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
Principal - Withdrawals Total
<S> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
<CAPTION>
Principal - Other Accounts Total
<S> <C> <C> <C> <C> <C> <C>
Prefunded Termination Amt
Other Principal
TOTAL OTHER ACCOUNTS PRINCIPAL
</TABLE>
<TABLE>
<CAPTION>
Interest - Collections Total
<S> <C> <C> <C> <C> <C> <C>
Interest Received 3,674,952.04
Repurchases/Substitutions
Liquidations
Insurance Interest
Other Additional Interest
Interest Realized Losses
TOTAL INTEREST COLLECTED 3,674,952.04
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
Interest - Withdrawals Total
<S> <C> <C> <C> <C> <C> <C>
Insurer Reimbursement Amounts
Reimburse Indenture And Owner Trustee Expenses
Reimburse to Servicer Nonrecoverable Advances
TOTAL INTEREST WITHDRAWALS
</TABLE>
<TABLE>
<CAPTION>
Interest - Other Accounts Total
<S> <C> <C> <C> <C> <C> <C>
Capitalized Interest Requirement 514,880.89
Pre-Funding Interest Earnings 158,266.79
Collection Account Interest Earnings
TOTAL OTHER ACCOUNT INTEREST 673,147.68
</TABLE>
<TABLE>
<CAPTION>
Interest - Fees Total
<S> <C> <C> <C> <C> <C> <C>
Servicing Fees 219,906.27
Indenture Trustee Fees 3,813.22
Owner Trustee Fees 250.00
Certificate Insurer Premiums 92,413.45
TOTAL INTEREST FEES 316,382.94
</TABLE>
<TABLE>
<CAPTION>
Credit Enhancement Report
Accounts Total
<S> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
<CAPTION>
Insurance Total
<S> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
<CAPTION>
Structural Features Total
<S> <C> <C> <C> <C> <C> <C>
Specified Overcollateralization Amount 50,925,434.26
Current Overcollateralization Amount 27,668,134.54
Overcollateralization Deficit
Overcollateralization Reduction Amount
</TABLE>
<TABLE>
<CAPTION>
Delinquency Report - Total
Current 1 Payment 2 Payments 3+ Payments Total
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 2,846,9 636,4 337, 3,821,368.00
% Balance 0.81% 0.18% 0.10% 1.09%
# Loans 112 24 148
% # Loans 0.00% 0.00% 0.00% 0.00%
FORECLOSURE Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
BANKRUPTCY Balance 35 19 55,865.00
% Balance 0.01% 0.01% 0.00% 0.00% 0.02%
# Loans 2 3
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
REO Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 35 2,866,8 636,4 337, 3,877,233.00
% Balance 0.01% 0.82% 0.18% 0.10% 1.11%
# Loans 151
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
</TABLE>
<TABLE>
<CAPTION>
Triggers, Adj. Rate Cert. And Miscellaneous Report
Trigger Events Total
<S> <C> <C> <C> <C> <C> <C>
Overcollateralization Trigger Event Occurred? No
</TABLE>
<TABLE>
<CAPTION>
Adjustable Rate Certificate Information Total
<S> <C> <C> <C> <C> <C> <C>
Current LIBOR 6.610000%
Next LIBOR 6.512500%
Next Notes Pass Through Rate 6.901250%
Net Funds Cap Rate 12.561349%
Net Funds Cap Carry-Forward Amount
</TABLE>
<TABLE>
<CAPTION>
Additional Information Adjustable Fixed Total
<S> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
<CAPTION>
Other Related Information
Additional Information Total
<S> <C> <C> <C> <C> <C> <C>
POOL INFORMATION
Beginning Pool & Prefunded Balance 415,987,444.90
Total Principal Received (4,310,421.45)
Draws 4,779,420.48
Prefunding Adjustment (For 94.8% of Subsequent Mortgages) 801,860.85
Ending Pool & Prefunded Balance 417,258,304.78
PREFUNDING INFORMATION
Beginning Prefunding Balance 113,451,856.05
Prefunding Withdrawals (49,314,442.37)
Prefunding Termination
Ending Prefunding Amount 64,137,413.68
Interest Earned On Prefunding Account 158,266.79
Beginning Capitalized Interest Balance 2,004,975.06
Capitalized Interest Requirement 514,880.89
Interest Earned on Capitalized Interest Acct
Capitalized Interest Termination
Ending Capitalized Interest Account 1,490,094.17
</TABLE>
<TABLE>
<CAPTION>
Supplemental Delinquency Report - Total
DELINQUENCY Current 1 Payment 2 Payment 3 Payment 4 Payment
<S> <C> <C> <C> <C> <C> <C>
CLTV=, <100% Balance 2,324,9 516,1 307,
% Balance 0.00% 0.90% 0.20% 0.12% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
CLTV>100% Balance 521, 120,3
% Balance 0.00% 0.56% 0.13% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 2,846,9 636,4 307,
% Balance 0.00% 1.46% 0.33% 0.12% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY 5 Payment 6+ Payment TOTAL
<S> <C> <C> <C> <C>
CLTV=, <100% Balance 30 3,179,108.00
% Balance 0.01% 0.00% 1.23%
# Loans 130
% # Loans 0.00% 0.00% -
CLTV>100% Balance 642,260.00
% Balance 0.00% 0.00% 0.69%
# Loans 18
% # Loans 0.00% 0.00% 0.00%
TOTAL Balance 30 3,821,368.00
% Balance 0.01% 0.00% 1.92%
# Loans 148
% # Loans 0.00% 0.00% -
Note: Current=0-29 days, 1payment=30-59 days, 2payments = 60-89 days, 3payments = 90-119days, 4payments=120-149,
5payments=150-179, 6+payments=180+days
</TABLE>
<TABLE>
<CAPTION>
FORECLOSURE Current 1 Payment 2 Payment 3 Payment 4 Payment
<S> <C> <C> <C> <C> <C> <C>
CLTV=, <100% Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
CLTV>100% Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
FORECLOSURE 5 Payment 6+ Payment TOTAL
<S> <C> <C> <C> <C>
CLTV=, <100% Balance -
% Balance 0.00% 0.00% 0.00%
# Loans -
% # Loans 0.00% 0.00% -
CLTV>100% Balance -
% Balance 0.00% 0.00% 0.00%
# Loans -
% # Loans 0.00% 0.00% -
TOTAL Balance -
% Balance 0.00% 0.00% 0.00%
# Loans -
% # Loans 0.00% 0.00% -
Note:Current=0-29 days, 1payment=30-59 days, 2payments=60-89 days, 3payments=90-119days, 4payments=120-149,
5payments=150-179, 6+payments=180+days
</TABLE>
<TABLE>
<CAPTION>
BANKRUPTCY Current 1 Payment 2 Payment 3 Payment 4 Payment
<S> <C> <C> <C> <C> <C> <C>
CLTV=, <100% Balance 35 19
% Balance 0.01% 0.01% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
CLTV>100% Balance 22,
% Balance 0.00% 0.00% 0.02% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 35 19 22,
% Balance 0.01% 0.01% 0.02% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
BANKRUPTCY 5 Payment 6+ Payment TOTAL
<S> <C> <C> <C> <C>
CLTV=, <100% Balance 55,864.00
% Balance 0.00% 0.00% 0.02%
# Loans 3
% # Loans 0.00% 0.00% -
CLTV>100% Balance 22,650.00
% Balance 0.00% 0.00% 0.02%
# Loans 1
% # Loans 0.00% 0.00% -
TOTAL Balance 78,514.00
% Balance 0.00% 0.00% 0.04%
# Loans 4
% # Loans 0.00% 0.00% -
Note:Current=0-29 days, 1payment=30-59 days, 2payments=60-89 days, 3payments=90-119days, 4payments=120-149,
5payments=150-179, 6+payments=180+days
</TABLE>
<TABLE>
<CAPTION>
REO Current 1 Payment 2 Payment 3 Payment 4 Payment
<S> <C> <C> <C> <C> <C> <C>
CLTV=, <100% Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
CLTV>100% Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
REO 5 Payment 6+ Payment TOTAL
<S> <C> <C> <C> <C>
CLTV=, <100% Balance -
% Balance 0.00% 0.00% 0.00%
# Loans -
% # Loans 0.00% 0.00% -
CLTV>100% Balance -
% Balance 0.00% 0.00% 0.00%
# Loans -
% # Loans 0.00% 0.00% -
TOTAL Balance -
% Balance 0.00% 0.00% 0.00%
# Loans -
% # Loans 0.00% 0.00% -
</TABLE>
<TABLE>
<CAPTION>
TOTAL Current 1 Payment 2 Payment 3 Payment 4 Payment
<S> <C> <C> <C> <C> <C> <C>
CLTV=, <100% Balance 35 2,344,9 516,1 307,
% Balance 0.01% 0.91% 0.20% 0.12% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
CLTV>100% Balance 521, 142,9
% Balance 0.00% 0.56% 0.15% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 35 2,866,8 659,1 307,
% Balance 0.01% 1.47% 0.35% 0.12% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
</TABLE>
<TABLE>
<CAPTION>
TOTAL 5 Payment 6+ Payment TOTAL
<S> <C> <C> <C> <C>
CLTV=, <100% Balance 30 3,234,972.00
% Balance 0.01% 0.00% 1.25%
# Loans 133
% # Loans 0.00% 0.00% -
CLTV>100% Balance 664,910.00
% Balance 0.00% 0.00% 0.71%
# Loans 19
% # Loans 0.00% 0.00% -
TOTAL Balance 30 3,899,882.00
% Balance 0.01% 0.00% 1.96%
# Loans 152
% # Loans 0.00% 0.00% -
Note:Current=0-29 days, 1payment=30-59 days, 2payments=60-89 days, 3payments=90-119days, 4payments=120-149,
5payments=150-179, 6+payments=180+days
</TABLE>
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