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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 (Date of earliest event reported) November 18, 1997
Advanta Revolving Home Equity Loan Trust 1997-A
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(Exact name of registrant as specified in its charter)
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New York 333-37107 Application Pending
(State or Other Jurisdiction of Incorporation) (Commission File (I.R.S. Employer
Number) Identification No.)
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c/o Advanta Mortgage Conduit 92127
Services, Inc. (Zip Code)
Attention: Milton Riseman
16875 West Bernardo Drive
San Diego, California
(Address of Principal Executive Offices)
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Registrant's telephone number, including area code (619) 674-1800
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Item 5. Other Events
The consolidated financial statements of Ambac Assurance Corporation and
its subsidiaries as of December 31, 1996 and December 31, 1995 and for the three
years ended December 31, 1996, prepared in accordance with generally accepted
accounting principles, included in the Current Report on Form 8-K of AMBAC Inc.
(which was filed with the Commission on March 12, 1997, Commission File No.
1-10777) and the consolidated financial statements of Ambac Assurance
Corporation and its subsidiaries as of September 30, 1997 and for the periods
ending September 30, 1997 and September 30, 1996 included in the Quarterly
Report on Form 10-Q of Ambac Financial Group, Inc. for the period ended
September 30, 1997 (which was filed with the Commission on November 14, 1997)
are incorporated by reference in (i) this Current Report on Form 8-K; (ii) the
Prospectus; and (iii) the Prospectus Supplement for the Advanta Revolving Home
Equity Loan Trust 1997-A, and shall be deemed to be part hereof and thereof.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable
(b) Not applicable.
(c) Exhibits
Exhibit No.
23.1 Consent of KPMG Peat Marwick LLP
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SIGNATURES
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 hereunto duly authorized.
ADVANTA REVOLVING HOME EQUITY LOAN TRUST 1997-A
By: /s/ Mark T. Dunsheath
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Name: Mark T. Dunsheath
Title: Vice President
Dated: November 18, 1997
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EXHIBIT INDEX
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Exhibit No. Description Page No.
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23.1 Consent of KPMG Peat Marwick LLP
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EXHIBIT 23.1
INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Ambac Assurance Corporation:
We consent to the incorporation by reference in the registration statement (No.
333-37107) of Advanta Mortgage Conduit Services, Inc. (the "Registrant") and in
the Prospectus Supplement of the Registrant (the "Prospectus Supplement"),
included in the Form 8-K of the Registrant dated November 18, 1997, of our
report dated January 30, 1997 on the consolidated financial statements of Ambac
Assurance Corporation (formerly AMBAC Indemnity Corporation) as of December 31,
1996 and 1995, and for each of the years in the three-year period ended December
31, 1996, which report appears in the Form 8-K of Ambac Financial Group, Inc.,
(formerly AMBAC Inc.) dated March 12, 1997 and to the reference to our firm
under the heading "Experts" in the Prospectus Supplement.
New York, New York
November 18, 1997
