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Previous: SIMMONS MEDIA GROUP INC, 15-12G, 2001-01-02 |
Next: STRUCTURED ASSET SEC CORP MORT PASS THR CERT SER 2000-2, 8-K, 2001-01-02 |
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: December 26, 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 November 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 November 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 November 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
December 29, 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 400,000,000 352,267,998 1,948,8 8,427,49 10,376,29
Certs 2,941,7 2,941,7
Totals 400,000,000 352,267,998 4,890,5 8,427,49 13,318,06
</TABLE>
<TABLE>
<CAPTION>
Current
Deferred Principal
Class Interest Balance
<S> <C> <C>
Notes 343,840,499.24
Certs -
Totals 343,840,499.24
</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 11/27/00 12/25/00 A-Act/360 00757CAF5 400,000,000 880.669997
Certs -
</TABLE>
<TABLE>
<CAPTION>
Current
Total Principal
Class Interest Principal Distribution Balance
<S> <C> <C> <C> <C>
Notes 4 21. 25. 859.601248
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 17,364,82 56,159,500 56,159,50 73,524,325.86
Certs 12,985,34 12,985,340.31
Totals 400,000,000 30,350,16 56,159,500 56,159,50 86,509,666.17
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
Notes 343,840,499.24
Certs -
Totals 343,840,499.24
</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 6.86750% 352,267,998 1,948,8
Certs
Totals 352,267,998 1,948,8
</TABLE>
<TABLE>
<CAPTION>
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
<S> <C> <C> <C>
Notes 1,948,8 1,948,8 -
Certs 2,941,7 -
Totals 1,948,8 4,890,5 -
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
Summary Total
<S> <C> <C> <C> <C> <C> <C>
Principal Collections 9,415,762.42
Principal Withdrawals
Principal Other Accounts
TOTAL NET PRINCIPAL 9,415,762.42
Interest Collections 4,230,260.91
Interest Withdrawals
Interest Fees (327,957.32)
Interest Other Accounts
TOTAL INTEREST 3,902,303.59
TOTAL AVAILABLE TO BONDHOLDERS 13,318,066.01
</TABLE>
<TABLE>
<CAPTION>
Principal - Collections Total
<S> <C> <C> <C> <C> <C> <C>
Principal Received 10,301,549.68
Repurchases/Substitutions
Liquidations
Insurance Principal
Realized Losses (885,787.26)
TOTAL PRINCIPAL COLLECTED 9,415,762.42
</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 4,230,260.91
Repurchases/Substitutions
Liquidations
Insurance Interest
Other Additional Interest
Interest Realized Losses
TOTAL INTEREST COLLECTED 4,230,260.91
</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 251,995.90
Indenture Trustee Fees 3,695.94
Owner Trustee Fees 250.00
Certificate Insurer Premiums 72,015.48
TOTAL INTEREST FEES 327,957.32
</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 10,935,19 3,759,37 6,030,8 20,725,372.00
% Balance 2.77% 0.95% 1.53% 5.25%
# Loans 390 130 747
% # Loans 0.00% 0.00% 0.00% 0.00%
FORECLOSURE Balance 31 203, 234,343.00
% Balance 0.01% 0.00% 0.00% 0.05% 0.06%
# Loans 8.00
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
BANKRUPTCY Balance 613, 64 174,6 373, 1,225,861.00
% Balance 0.16% 0.02% 0.04% 0.09% 0.31%
# Loans 21 14 43
% # 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 644, 10,999,87 3,933,99 6,606,8 22,185,576.00
% Balance 0.17% 2.79% 0.99% 1.67% 5.62%
# Loans 798
% # 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 6.617500%
Next LIBOR 6.647500%
Next Notes Pass Through Rate 6.897500%
Net Funds Cap Rate 13.098771%
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 403,193,432.96
Total Principal Received (10,301,549.68)
Draws 1,874,050.22
Ending Pool & Prefunded Balance 394,765,933.50
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 2,146,762.78
Excess Cashflow 3,827,553.42
</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 8,521,8 3,052,86 1,780,6 1,695,204.00
% Balance 0.00% 2.95% 1.06% 0.62% 0.59%
# Loans 7
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
CLTV>100% Balance 2,413,3 706,5 768, 601,386.00
% Balance 0.00% 2.28% 0.67% 0.73% 0.57%
# Loans 1
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 10,935,19 3,759,37 2,549,1 2,296,590.00
% Balance 0.00% 5.23% 1.73% 1.35% 1.16%
# Loans 8
% # 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 767, 142, 15,960,219.00
% Balance 0.27% 0.05% 5.54%
# Loans 618
% # Loans 0.00% 0.00% -
CLTV>100% Balance 275, 4,765,153.00
% Balance 0.26% 0.00% 4.51%
# Loans 129
% # Loans 0.00% 0.00% 0.00%
TOTAL Balance 1,042,7 142, 20,725,372.00
% Balance 0.53% 0.05% 10.05%
# Loans 747
% # 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 31 38,889.00
% Balance 0.01% 0.00% 0.00% 0.00% 0.01%
# 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 31 38,889.00
% Balance 0.01% 0.00% 0.00% 0.00% 0.01%
# 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 164, 234,343.00
% Balance 0.00% 0.06% 0.08%
# Loans 8
% # Loans 0.00% 0.00% -
CLTV>100% Balance -
% Balance 0.00% 0.00% 0.00%
# Loans -
% # Loans 0.00% 0.00% -
TOTAL Balance 164, 234,343.00
% Balance 0.00% 0.06% 0.08%
# Loans 8
% # 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 452, 64 174,6 14 38,698.00
% Balance 0.16% 0.02% 0.06% 0.01% 0.01%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
CLTV>100% Balance 161, 42 93,393.00
% Balance 0.15% 0.00% 0.00% 0.04% 0.09%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 613, 64 174,6 57 132,091.00
% Balance 0.31% 0.02% 0.06% 0.05% 0.10%
# 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 67 40 852,980.00
% Balance 0.02% 0.01% 0.29%
# Loans 32
% # Loans 0.00% 0.00% -
CLTV>100% Balance 76 372,881.00
% Balance 0.07% 0.00% 0.35%
# Loans 11
% # Loans 0.00% 0.00% -
TOTAL Balance 143, 40 1,225,861.00
% Balance 0.09% 0.01% 0.64%
# Loans 43
% # 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 483, 8,586,5 3,227,48 1,795,5 1,772,791.00
% Balance 0.17% 2.97% 1.12% 0.63% 0.61%
# Loans 7
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
CLTV>100% Balance 161, 2,413,3 706,5 810, 694,779.00
% Balance 0.15% 2.28% 0.67% 0.77% 0.66%
# Loans 1
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 644, 10,999,87 3,933,99 2,606,4 2,467,570.00
% Balance 0.32% 5.25% 1.79% 1.40% 1.27%
# Loans 9
% # 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 834, 346, 17,047,542.00
% Balance 0.29% 0.12% 5.91%
# Loans 658
% # Loans 0.00% 0.00% -
CLTV>100% Balance 351, 5,138,034.00
% Balance 0.33% 0.00% 4.86%
# Loans 140
% # Loans 0.00% 0.00% -
TOTAL Balance 1,186,1 346, 22,185,576.00
% Balance 0.62% 0.12% 10.77%
# Loans 798
% # 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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