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Previous: VILLAGEEDOCS INC, 10SB12G/A, EX-27.1, 2000-10-31 |
Next: VAN KAMPEN FOCUS PORTFOLIOS SERIES 262, 487, 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 Mortgage Loan Trust 2000-2
New York 333-92669-03 "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 Mortgage Loan Asset-Backed Certificates, Series 2000-2
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 August 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 Mortgage Loan Asset-
Backed Certificates, Series 2000-2,
issued by the ADVANTA Mortgage Loan
Trust 2000-2.
EXHIBIT INDEX
Exhibit
1. Monthly Report for the September 2000 Monthly
Period relating to the Mortgage Loan Asset-Backed
Certificates, Series 2000-2, issued by the
ADVANTA Mortgage Loan Trust 2000-2.
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 2000-2
ADVANTA Mortgage Corp., USA
BY:
/s/ H. John Berens
BY: H. John Berens
Senior Vice President
Advanta Mortgage
October 31, 2000
<TABLE>
EXHIBIT 1
<CAPTION>
ADVANTA Mortgage Loan Trust 2000-2
Statement to Certificateholders
Distribution in Dollars - Current Period
<CAPTION>
Prior
Class Original Principal Total
Class Type Face Value Balance Interest Principal Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 FLT 258,839,000 253,421,947 1,428,00 5,502,4 6,930,42
A-2 SEQ 54,646,00 54,646,00 346,5 346,5
A-3 SEQ 123,250,000 123,250,000 797,016.67 797,0
A-4 STEP 83,139,00 83,139,00 549,410.23 549,4
A-5 STEP 64,854,00 64,854,00 445,871.25 445,8
A-6 STEP 65,000,00 65,000,00 418,166.67 418,1
B
BS
R-II R -
Totals 649,728,000 644,310,947 3,985,01 5,502,4 9,487,44
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
A-1 247,919,525.21
A-2 54,646,000.00
A-3 123,250,000.00
A-4 83,139,000.00
A-5 64,854,000.00
A-6 65,000,000.00
B -
BS -
R-II -
Totals 638,808,525.21
</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>
A-1 A-Act/360 00755WHL3 258,839,000 979.07
A-2 F-30/360 00755WHM1 54,646,00 1,000.000
A-3 F-30/360 00755WHN9 123,250,000 1,000.000
A-4 A-30/360 00755WHP4 83,139,00 1,000.000
A-5 A-30/360 00755WHQ2 64,854,00 1,000.000
A-6 A-30/360 00755WHR0 65,000,00 1,000.000
B -
BS -
R-II -
</TABLE>
<TABLE>
<CAPTION>
Current
Total Principal
Class Interest Principal Distribution Balance
<S> <C> <C> <C> <C>
A-1 5 21. 26. 957.813642
A-2 6 6 1,000.000000
A-3 6 6 1,000.000000
A-4 6 6 1,000.000000
A-5 6 6 1,000.000000
A-6 6 6 1,000.000000
B
BS
R-II
</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>
A-1 258,839,000 3,080,5 10,089,21 830,2 10,919,47 14,000,025
A-2 54,646,00 693, 693,0
A-3 123,250,000 1,594,0 1,594,03
A-4 83,139,00 1,098,8 1,098,82
A-5 64,854,00 891, 891,7
A-6 65,000,00 836, 836,3
B
BS
R-II
Totals 649,728,000 8,194,5 10,089,21 830,2 10,919,47 19,114,048
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
A-1 247,919,525.21
A-2 54,646,000.00
A-3 123,250,000.00
A-4 83,139,000.00
A-5 64,854,000.00
A-6 65,000,000.00
B -
BS -
R-II -
Totals 638,808,525.21
</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>
A-1 6.76188% 253,421,947 1,428,0
A-2 7.61000% 54,646,00 346,
A-3 7.76000% 123,250,000 797,
A-4 7.93000% 83,139,00 549,
A-5 8.25000% 64,854,00 445,
A-6 7.72000% 65,000,00 418,
B
BS
R-II
Totals 644,310,947 3,985,0
</TABLE>
<TABLE>
<CAPTION>
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
<S> <C> <C> <C>
A-1 1,428,0 1,428,0 -
A-2 346, 346, -
A-3 797, 797, -
A-4 549, 549, -
A-5 445, 445, -
A-6 418, 418, -
B -
BS -
R-II -
Totals 3,985,0 3,985,0 -
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
SUMMARY TOTAL
<S> <C> <C> <C> <C> <C> <C>
Principal Collections 4,084,58
Principal Withdrawals
Principal Other Accounts
TOTAL PRINCIPAL 4,084,58
Interest Collected 5,644,83
Interest Withdrawals
Interest Other Accounts: Prepayment Penalties 90,
Interest Fees (332,1
TOTAL INTEREST 5,402,856.86
TOTAL AVAILABLE TO CERTIFICATEHOLDERS 9,487,44
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL-COLLECTIONS TOTAL
<S> <C> <C> <C> <C> <C> <C>
Scheduled Principal 420,616.22
Curtailments 76,223.28
Prepayments In Full 3,587,744.49
Repurchased Principal Amounts 0.00
Substitution Principal Accounts 0.00
Liquidations 0.00
Insurance Principal 0.00
Other Principal 0.00
Total Realized Loss of Principal 0.00
TOTAL PRINCIPAL COLLECTED 4,084,58
</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>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
<CAPTION>
INTEREST - COLLECTIONS TOTAL
<S> <C> <C> <C> <C> <C> <C>
Scheduled Interest 5,700,240.56
Repurchase Interest 0.00
Substitution Interest Amount 0.00
Liquidation Interest 0.00
Insurance Interest 0.00
Other Interest 0.00
Delinquent Interest (1,223,396.54)
Interest Advanced 1,167,987.73
Prepayment Interest Shortfalls 0.00
Compensating Interest 0.00
Civil Relief Act Shortfalls 0.00
TOTAL INTEREST COLLECTED 5,644,831.75
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
INTEREST - WITHDRAWLS TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current Nonrecoverable Advances
Reimbursement of Delinquency/Servicing Advances
TOTAL INTEREST WITHDRAWALS
</TABLE>
<TABLE>
<CAPTION>
INTEREST - OTHER ACCOUNTS TOTAL
<S> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
<CAPTION>
INTEREST - FEES TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current Servicing Fees 216,293.26
Trustee Fee Amount 4,075.53
Insurance Premium Amount 111,791.49
TOTAL FEES 332,160.28
</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>
Total Insured Payments 0.00
</TABLE>
<TABLE>
<CAPTION>
STRUCTURAL FEATURES TOTAL
<S> <C> <C> <C> <C> <C> <C>
Specified Overcollateralization Amount 12,745,098.04
Current Overcollateralization Amount 9,191,849.85
Overcollateralization Deficiency Amount 4,971,086.19
Overcollateralization Deficit Amount 0.00
Overcollateralization Increase Amount 1,417,838.00
Overcollateralization Reduction Amount 0.00
Components of change in Overcollateralization*
Excess Interest generated by Pool 1,417,838.00
TOTAL 1,417,838.00
</TABLE>
<TABLE>
<CAPTION>
Collateral Report
COLLATERAL TOTAL
<S> <C> <C> <C> <C> <C> <C>
Loan Count:
Original 7,895
Prior 7,847
Prefunding 0
Scheduled Paid Offs 0
Full Voluntary Prepayments (50)
Repurchases 0
Liquidations 0
Current 7,797
Principal Balance:
Original 656,296,189.92
Prior 652,084,959.05
Prefunding 0.00
Scheduled Principal (420,616.22)
Partial and Full Voluntary Prepayments (3,663,967.77)
Repurchases
Liquidations
Current 648,000,375.06
</TABLE>
<TABLE>
<CAPTION>
PREFUNDING ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
<CAPTION>
CHARACTERISTICS TOTAL
<S> <C> <C> <C> <C> <C> <C>
Weighted Average Coupon Original 10.490126%
Weighted Average Coupon Prior 10.490126%
Weighted Average Coupon Current 10.489873%
Weighted Average Months to Maturity Original 223
Weighted Average Months to Maturity Prior 223
Weighted Average Months to Maturity Current 222
Weighted Avg Remaining Amortization Term Original 332
Weighted Avg Remaining Amortization Term Prior 332
Weighted Avg Remaining Amortization Term Current 331
Weighted Average Seasoning Original 8.87
Weighted Average Seasoning Prior 8.87
Weighted Average Seasoning Current 9.85
</TABLE>
<TABLE>
<CAPTION>
ARM CHARACTERISTICS TOTAL
<S> <C> <C> <C> <C> <C> <C>
Weighted Average Margin Original 0.000%
Weighted Average Coupon Prior 0.000%
Weighted Average Coupon Current 0.000%
Weighted Average Max Rate Original 10.490%
Weighted Average Max Rate Prior 10.490%
Weighted Average Max Rate Current 10.490%
Weighted Average Min Rate Original 9.983%
Weighted Average Min Rate Prior 9.983%
Weighted Average Min Rate Current 9.982%
Weighted Average Cap Up Original 0.000%
Weighted Average Cap Up Prior 0.000%
Weighted Average Cap Up Current 0.000%
Weighted Average Cap Down Original 0.000%
Weighted Average Cap Down Prior 0.000%
Weighted Average Cap Down Current 0.000%
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current Servicing Fees 216,293.26
Delinquent Servicing Fees 55,408.81
TOTAL SERVICING FEES 271,702.07
Total Servicing Fees 271,702.07
Compensating Interest 0.00
Delinquent Servicing Fees (55,408.81)
COLLECTED SERVICING FEES 216,293.26
Prepayment Interest Shortfall 0.00
Total Advanced Interest 1,167,987.73
Current Nonrecoverable Advances 0.00
Unreimbursed Advances paid to Servicer this period 0.00
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL COLLATERAL INFORMATION TOTAL
<S> <C> <C> <C> <C> <C> <C>
Weighted Average Coupon Net 10.489932%
</TABLE>
<TABLE>
<CAPTION>
Delinquency Report - Total
Current 1 Payment 2 Payments 3+ Payments Total
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 14,927,24 4,600,96 321, 19,850,013
% Balance 2.30% 0.71% 0.05% 3.06%
# Loans 217 62 4 283
% # Loans 2.78% 0.80% 0.05% 3.63%
FORECLOSURE Balance 1,346,91 2,494,3 3,841,21
% Balance 0.00% 0.00% 0.21% 0.38% 0.59%
# Loans
% # Loans 0.00% 0.00% 0.19% 0.36% 0.55%
BANKRUPTCY Balance 968, 146, 143,7 200, 1,459,44
% Balance 0.15% 0.02% 0.02% 0.03% 0.22%
# Loans 12 20
% # Loans 0.15% 0.04% 0.03% 0.04% 0.26%
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 968, 15,074,17 6,091,63 3,016,7 25,150,676
% Balance 0.15% 2.32% 0.94% 0.46% 3.87%
# Loans
% # Loans 0.15% 2.82% 1.02% 0.45% 4.44%
Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
</TABLE>
<TABLE>
<CAPTION>
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current
Number of Paid in Full Loans 50
Number of Repurchased Loans
Total Number of Loans Prepaid in Full 50
Paid in Full Balance 3,587,74
Repurchased Loan Balance
Curtailments Amount 76,223.28
Total Prepayment Amount 3,663,96
Cumulative
Number of Paid in Full Loans 97
Number of Repurchased Loans 0
Total Number of Loans Prepaid in Full 97
Paid in Full Balance 7,163,59
Repurchased Loan Balance
Curtailments Amount 174,044.71
Total Prepayment Amount 7,337,63
</TABLE>
<TABLE>
<CAPTION>
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS RATES TOTAL
<S> <C> <C> <C> <C> <C> <C>
SMM 0.56%
3 Months Avg SMM
12 Months Avg SMM
Avg SMM Since Cut-off 0.56%
CPR 6.54%
3 Months Avg CPR
12 Months Avg CPR
Avg CPR Since Cut-off 6.53%
PSA 332.09%
3 Months Avg PSA Approximation
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 348.83%
</TABLE>
<TABLE>
<CAPTION>
Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current
Number of Loans Liquidated 0
Collateral Realized Loss/Gain Amount
Net Liquidation Proceeds
Cumulative
Number of Loans Liquidated 1
Collateral Realized Loss/Gain Amount 12,
Net Liquidation Proceeds 115,5
Note: Collateral realized losses may include adjustments to loans liquidated in prior periods
</TABLE>
<TABLE>
<CAPTION>
Realized Loss Report - Collateral
DEFAULT SPEEDS TOTAL
<S> <C> <C> <C> <C> <C> <C>
MDR 0.00%
3 Months Avg MDR
12 Months Avg MDR
Avg MDR Since Cut-off 0.01%
CDR 0.00%
3 Months Avg CDR
12 Months Avg CDR
Avg CDR Since Cut-off 0.12%
SDA 0.00%
3 Months Avg SDA
12 Months Avg SDA
Avg SDA Since Cut-off 0.62%
Loss Serverity Approximation for Current Period 0.00%
3 Months Avg Loss Severity Approximation
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off 9.68%
</TABLE>
<TABLE>
<CAPTION>
Triggers, Adj. Rate Cert. And Miscellaneous Report
TRIGGER EVENTS TOTAL
<S> <C> <C> <C> <C> <C> <C>
Has Servicer Termination Loss Trigger occurred No
</TABLE>
<TABLE>
<CAPTION>
ADJUSTABLE RATE CERTIFICATE INFORMATION TOTAL
<S> <C> <C> <C> <C> <C> <C>
Next Pass-Through Rates for Adjustable Rate Certificate
Class A-1 6.760000%
Class A-5 8.250000%
Class A-6 7.720000%
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL INFORMATION TOTAL
<S> <C> <C> <C> <C> <C> <C>
SUPPLEMENTAL INTEREST ACCOUNT
Supplemental Interest Amount 0.00
Supplemental Interest Shortfall Carry-Forward Amount 0.00
Supplemental Interest Shortfall Amount 0.00
Deposite to Supp Int Acct (Class B Distribution*) 0.00
Payment to Supplemental Interest Right 0.00
Payment to Class BS 0.00
Supplemental Interest Account Ending Balance 0.00
</TABLE>
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