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Previous: SLW ENTERPRISES INC, SB-2/A, EX-27.1, 2000-10-31 |
Next: MCOM MANAGEMENT CORP, SC 13D, 2000-10-31 |
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 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 September 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 September 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 September 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
October 31, 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 400,000,000 364,514,575 2,108,2 4,717,91 6,826,1
Certs 4,398,6 4,398,6
Totals 400,000,000 364,514,575 6,506,9 4,717,91 11,224,82
</TABLE>
<TABLE>
<CAPTION>
Current
Deferred Principal
Class Interest Balance
<S> <C> <C>
Notes 359,796,660.62
Certs -
Totals 359,796,660.62
</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 9/25/00 10/24/00 A-Act/360 00757CAF5 400,000,000 911.286440
Certs -
</TABLE>
<TABLE>
<CAPTION>
Current
Total Principal
Class Interest Principal Distribution Balance
<S> <C> <C> <C> <C>
Notes 5 11. 17. 899.491652
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 13,150,20 40,203,339 40,203,33 53,353,544.62
Certs 6,164,4 6,164,432.64
Totals 400,000,000 19,314,63 40,203,339 40,203,33 59,517,977.26
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
Notes 359,796,660.62
Certs -
Totals 359,796,660.62
</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 6.87188% 364,514,575 2,087,4
Certs
Totals 364,514,575 2,087,4
</TABLE>
<TABLE>
<CAPTION>
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
<S> <C> <C> <C>
Notes 2,087,4 2,108,2 -
Certs 4,398,6 -
Totals 2,087,4 6,506,9 -
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
Summary Total
<S> <C> <C> <C> <C> <C> <C>
Principal Collections 6,958,534.38
Principal Withdrawals
Principal Other Accounts
TOTAL NET PRINCIPAL 6,958,534.38
Interest Collections 4,587,090.69
Interest Withdrawals
Interest Fees (320,799.85)
Interest Other Accounts
TOTAL INTEREST 4,266,290.84
TOTAL AVAILABLE TO BONDHOLDERS 11,224,825.22
</TABLE>
<TABLE>
<CAPTION>
Principal - Collections Total
<S> <C> <C> <C> <C> <C> <C>
Principal Received 7,337,280.52
Repurchases/Substitutions
Liquidations
Insurance Principal
Realized Losses (378,746.14)
TOTAL PRINCIPAL COLLECTED 6,958,534.38
</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>
Other Principal
TOTAL OTHER ACCOUNTS PRINCIPAL
</TABLE>
<TABLE>
<CAPTION>
Interest - Collections Total
<S> <C> <C> <C> <C> <C> <C>
Interest Received 4,587,090.69
Repurchases/Substitutions
Liquidations
Insurance Interest
Other Additional Interest
Interest Realized Losses
TOTAL INTEREST COLLECTED 4,587,090.69
</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
TOTAL OTHER ACCOUNT INTEREST
</TABLE>
<TABLE>
<CAPTION>
Interest - Fees Total
<S> <C> <C> <C> <C> <C> <C>
Servicing Fees 259,650.01
Indenture Trustee Fees 3,808.20
Owner Trustee Fees 250.00
Certificate Insurer Premiums 57,091.64
TOTAL INTEREST FEES 320,799.85
</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 50,925,434.26
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 8,406,7 3,668,18 3,456,3 15,531,310.00
% Balance 2.05% 0.89% 0.84% 3.78%
# Loans 280 138 551
% # Loans 0.00% 0.00% 0.00% 0.00%
FORECLOSURE Balance 133, 133,236.00
% Balance 0.00% 0.00% 0.00% 0.03% 0.03%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
BANKRUPTCY Balance 550, 50 74, 300, 975,541.00
% Balance 0.13% 0.01% 0.02% 0.07% 0.23%
# Loans 17 7 26
% # 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 550, 8,457,2 3,742,21 3,890,3 16,640,087.00
% Balance 0.13% 2.06% 0.91% 0.94% 4.04%
# Loans 582
% # 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 6.621880%
Next LIBOR 6.620000%
Next Notes Pass Through Rate 6.870000%
Net Funds Cap Rate 13.141108%
Net Funds Cap Carry-Forward Amount
</TABLE>
<TABLE>
<CAPTION>
Additional Information Total
<S> <C> <C> <C> <C> <C> <C>
Beginning Capitalized Interest Balance 0.00
Capitalized Interest Requirement 0.00
Interest Earned On Capitalized Interest Acct 0.00
Capitalized Interest Termination 0.00
Ending Capitalized Interest Account 0.00
</TABLE>
<TABLE>
<CAPTION>
Other Related Information
Additional Information Total
<S> <C> <C> <C> <C> <C> <C>
POOL INFORMATION
Beginning Pool & Prefunded Balance 415,440,010.07
Total Principal Received (7,337,280.52)
Draws 2,619,365.33
Prefunding Withdrawals
Ending Pool & Prefunded Balance 410,722,094.88
THREE LARGEST UNPAID BALANCES
Loan Number 1801008676 277,043.08
Loan Number 1001188781 279,675.67
Loan Number 1001181059 400,000.00
REALIZED LOSS INFORMATION
Cummulative Realized Losses 501,512.21
Excess Cashflow 4,798,239.15
</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 6,978,7 2,778,92 1,164,4 671,844.00
% Balance 0.00% 2.31% 0.92% 0.39% 0.22%
# Loans 2
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
CLTV>100% Balance 1,428,0 889,2 367, 371,146.00
% Balance 0.00% 1.32% 0.82% 0.34% 0.34%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 8,406,7 3,668,18 1,532,1 1,042,990.00
% Balance 0.00% 3.63% 1.74% 0.73% 0.56%
# Loans 3
% # 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 649, 65 12,308,530.00
% Balance 0.21% 0.02% 4.07%
# Loans 468
% # Loans 0.00% 0.00% -
CLTV>100% Balance 166, 3,222,780.00
% Balance 0.15% 0.00% 2.97%
# Loans 83
% # Loans 0.00% 0.00% 0.00%
TOTAL Balance 815, 65 15,531,310.00
% Balance 0.36% 0.02% 7.04%
# Loans 551
% # 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 32 46,266.00
% Balance 0.00% 0.00% 0.00% 0.01% 0.02%
# 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 32 46,266.00
% Balance 0.00% 0.00% 0.00% 0.01% 0.02%
# 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 54 133,236.00
% Balance 0.00% 0.02% 0.05%
# Loans 5
% # Loans 0.00% 0.00% -
CLTV>100% Balance -
% Balance 0.00% 0.00% 0.00%
# Loans -
% # Loans 0.00% 0.00% -
TOTAL Balance 54 133,236.00
% Balance 0.00% 0.02% 0.05%
# Loans 5
% # 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 490, 50 39
% Balance 0.16% 0.02% 0.00% 0.01% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
CLTV>100% Balance 59 74 76 94,500.00
% Balance 0.06% 0.07% 0.00% 0.07% 0.09%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 550, 124, 116, 94,500.00
% Balance 0.22% 0.09% 0.00% 0.08% 0.09%
# 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 40 15 636,039.00
% Balance 0.01% 0.00% 0.20%
# Loans 21
% # Loans 0.00% 0.00% -
CLTV>100% Balance 75 379,470.00
% Balance 0.07% 0.00% 0.36%
# Loans 9
% # Loans 0.00% 0.00% -
TOTAL Balance 115, 15 1,015,509.00
% Balance 0.08% 0.00% 0.56%
# Loans 30
% # 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 490, 7,029,2 2,778,92 1,236,8 718,110.00
% Balance 0.16% 2.33% 0.92% 0.41% 0.24%
# Loans 2
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
CLTV>100% Balance 59 1,502,1 889,2 443, 465,646.00
% Balance 0.06% 1.39% 0.82% 0.41% 0.43%
# Loans 1
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 550, 8,531,3 3,668,18 1,680,6 1,183,756.00
% Balance 0.22% 3.72% 1.74% 0.82% 0.67%
# Loans 3
% # 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 689, 134, 13,077,805.00
% Balance 0.22% 0.04% 4.32%
# Loans 494
% # Loans 0.00% 0.00% -
CLTV>100% Balance 241, 3,602,250.00
% Balance 0.22% 0.00% 3.33%
# Loans 92
% # Loans 0.00% 0.00% -
TOTAL Balance 930, 134, 16,680,055.00
% Balance 0.44% 0.04% 7.65%
# Loans 586
% # 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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