ADVANTA MORTGAGE CONDUIT SERVICES INC
8-K, 1999-03-03
ASSET-BACKED SECURITIES
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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:                 January 25, 1999

ADVANTA Mortgage Loan Trust 1998-2

New York                          33-99510-08                   33-0816529

c/o ADVANTA Mortgage Corp., USA
Attn:  William P. Garland
10790 Rancho Bernardo Road
San Diego, CA  92127

(619) 674-1800



Item 5.                         Other Events

Information relating to the distributions to Certificate holders
for the December, 1998 Monthly Period of the Trust in respect of
the Mortgage Loan Asset-Backed Certificates, Series 1998-2
Class 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 June 1, 1998 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 December,1998 Monthly
                                period relating to the Mortgage Loan Asset-
                                Backed Certificates Series 1998-2, Class A
                                issued by the ADVANTA Mortgage Loan
                                Trust 1998-2.


                                                EXHIBIT INDEX

Exhibit

       1.        Monthly Report for the December, 1998 Monthly
                 Period relating to the Mortgage Loan Asset-Backed
                 Certificates, Series 1998-2, Class A issued by the
                 ADVANTA Mortgage Loan Trust 1998-2.





                                                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 1998-2

BY:              ADVANTA Mortgage Corp., USA




BY:              /s/ William P. Garland
                 William P. Garland
                 Senior Vice President
                 Loan Service Administration



    March 3, 1999
<TABLE>
                                                EXHIBIT 1


                 ADVANTA Mortgage Loan Trust 1998-2

                            Statement to Certificateholders

<CAPTION>
                 Original       Prior
                 Face           Principal
Class            Value          Balance         Interest        Principal      Total
<S>              <C>            <C>             <C>             <C>            <C>
A-1                    73,000,00      56,873,536           305,2      2,739,546        3,044,767.38
A-2                    41,000,00      41,000,000           209,1                          209,100.00
A-3                    34,000,00      34,000,000           175,3                          175,383.33
A-4                    17,000,00      17,000,000            89,3                           89,391.67
A-5                    24,000,00      24,000,000           126,6                          126,600.00
A-6                    27,000,00      27,000,000           149,1                          149,175.00
A-7                    15,000,00      15,000,000            76,8                           76,875.00
A-8                      9,000,0        9,000,00            47,7                           47,700.00
A-9                    88,000,00      65,150,305           349,6      7,894,317        8,243,957.39
A-10                   61,000,00      61,000,000           311,1                          311,100.00
A-11                   38,000,00      38,000,000           196,6                          196,650.00
A-12                   28,000,00      28,000,000           147,7                          147,700.00
A-13                   28,000,00      28,000,000           148,4                          148,400.00
A-14                   36,000,00      36,000,000           199,5                          199,500.00
A-15                   31,000,00      31,000,000           161,4                          161,458.33
A-16                 180,000,000    158,604,999.           713,5      5,311,135        6,024,693.49
A-17                   60,000,00      60,000,000           302,5                          302,500.00
A-18                 101,250,000      87,712,086           394,6      3,846,929        4,241,542.72
A-19                   33,750,00      33,750,000           170,1                          170,156.25
F-IO*                  55,000,00      55,000,000           229,1                          229,166.67
A-IO*                  93,750,00      93,750,000           390,6                          390,625.00
RS                                                                                                     -

Totals               925,000,000    851,090,928.        4,894,51    19,791,928.      24,686,442.23
</TABLE>
<TABLE>
<CAPTION>
                                                Current         Pass-Through
                 Realized       Deferred        Principal       Rates
Class            Losses         Interest        Balance         Current        Next
<S>              <C>            <C>             <C>             <C>            <C>
A-1                                                   54,133,990      6.440000%       6.440000%
A-2                                                   41,000,000      6.120000%       6.120000%
A-3                                                   34,000,000      6.190000%       6.190000%
A-4                                                   17,000,000      6.310000%       6.310000%
A-5                                                   24,000,000      6.330000%       6.330000%
A-6                                                   27,000,000      6.630000%       6.630000%
A-7                                                   15,000,000      6.150000%       6.150000%
A-8                                                     9,000,00      6.360000%       6.360000%
A-9                                                   57,255,988      6.440000%       6.440000%
A-IO                                                  61,000,000      6.120000%       6.120000%
A-11                                                  38,000,000      6.210000%       6.210000%
A-12                                                  28,000,000      6.330000%       6.330000%
A-13                                                  28,000,000      6.360000%       6.360000%
A-14                                                  36,000,000      6.650000%       6.650000%
A-15                                                  31,000,000      6.250000%       6.250000%
A-16                                                153,293,864.      5.784380%       5.099690%
A-17                                                  60,000,000      6.050000%       6.050000%
A-18                                                  83,865,156      5.784380%       5.099690%
A-19                                                  33,750,000      6.050000%       6.050000%
F-IO*                                                 55,000,000      5.000000%       5.000000%
A-IO*                                                 93,750,000      5.000000%       5.000000%
RS                                                                    0.000000%       0.000000%

Totals                                              831,298,999.59
</TABLE>
<TABLE>
<CAPTION>
                                Prior                                                          Current
                                Principal                                                      Principal
Class            CUSIP          Balance         Interest        Principal      Total           Balance
<S>              <C>            <C>             <C>             <C>            <C>             <C>
A-1                 00755WFD3         779.089535        4.181114      37.528028       41.709142     741.561507
A-2                 00755WFE1       1,000.000000        5.100000       0.000000        5.100000   1,000.000000
A-3                 00755WFF8       1,000.000000        5.158333       0.000000        5.158333   1,000.000000
A-4                 00755WFG6       1,000.000000        5.258334       0.000000        5.258334   1,000.000000
A-5                 00755WFH4       1,000.000000        5.275000       0.000000        5.275000   1,000.000000
A-6                 00755WFJ0       1,000.000000        5.525000       0.000000        5.525000   1,000.000000
A-7                 00755WFK7       1,000.000000        5.125000       0.000000        5.125000   1,000.000000
A-8                 00755WFL5       1,000.000000        5.300000       0.000000        5.300000   1,000.000000
A-9                 00755WFM3         740.344384        3.973181      89.708153       93.681334     650.636231
A-IO                00755WFN1       1,000.000000        5.100000       0.000000        5.100000   1,000.000000
A-11                00755WFP6       1,000.000000        5.175000       0.000000        5.175000   1,000.000000
A-12                00755WFQ4       1,000.000000        5.275000       0.000000        5.275000   1,000.000000
A-13                00755WFR2       1,000.000000        5.300000       0.000000        5.300000   1,000.000000
A-14                00755WFS0       1,000.000000        5.541667       0.000000        5.541667   1,000.000000
A-15                00755WFT8       1,000.000000        5.208333       0.000000        5.208333   1,000.000000
A-16                00755WFV3         881.138888        3.964211      29.506309       33.470520     851.632579
A-17                00755WFW1       1,000.000000        5.041667       0.000000        5.041667   1,000.000000
A-18                00755WFX9         866.292211        3.897416      37.994364       41.891780     828.297847
A-19                00755WFY7       1,000.000000        5.041667       0.000000        5.041667   1,000.000000
F-IO*               00755WFU5       1,000.000000        4.166667       0.000000        4.166667   1,000.000000
A-IO*               00755WFZ4       1,000.000000        4.166667       0.000000        4.166667   1,000.000000
RS                  AM9802122           0.000000        0.000000       0.000000        0.000000       0.000000
</TABLE>
<TABLE>
Delinquent Loan Information:
<CAPTION>
                                                                90+ Days       Loans           Loans
                                30-59           60-89           excldg f/c,REO in              in
                                Days            Days            & Bkrptcy      REO             Foreclosure
<S>                             <C>             <C>             <C>            <C>             <C>
Group IA         Principal Balan        6,049,37        1,413,74         665,70           282,5      5,318,025
                 % of Pool Balan        2.69900%        0.63076%       0.27010%        0.12606%       2.37270%
                 Number of Loans             106              22             12               3             99
                 % of Loans             3.12961%        0.64954%       0.35430%        0.08857%       2.92294%
Group IIA        Principal Balan        6,131,22        2,406,62         122,35           217,7      7,064,040
                 % of Pool Balan        2.83467%        1.11267%       0.05657%        0.10067%       3.26595%
                 Number of Loans              68              32              4               2             88
                 % of Loans             2.93737%        1.38229%       0.17279%        0.08639%       3.80130%
Group IB         Principal Balan        7,484,27        2,731,60         352,00           168,3      4,237,469
                 % of Pool Balan        2.63216%        0.96068%       0.12380%        0.05922%       1.49028%
                 Number of Loans             132              42             10               2             69
                 % of Loans             3.05485%        0.97200%       0.23143%        0.04629%       1.59685%
Group IIB        Principal Balan        4,407,92        1,768,59         106,45                      2,184,045
                 % of Pool Balan        1.96665%        0.78908%       0.04749%        0.00000%       0.97444%
                 Number of Loans              56              25              2               0             25
                 % of Loans             3.86473%        1.72533%       0.13803%        0.00000%       1.72533%

                                                Loans in Bankrup      Group IA         1,789,200.67
                                                                     Group IIA         2,010,092.68
                                                                      Group IB         1,237,636.01
                                                                     Group IIB            483,058.91
                                                                                       5,519,988.27

Combined         REO BOOK VALUE                                                           319,293.00

</TABLE>
<TABLE>
General Mortgage Loan Information:
<CAPTION>
                                    Group IA       Group IIA       Group IB       Group IIB         Total
<S>                             <C>             <C>             <C>            <C>             <C>
Beginning Aggregate Mortgage Loa    227,260,888.    221,557,318.   290,725,600.    122,927,524.   862,471,331.
Principal Reduction                     3,126,89        5,263,45      6,385,929        3,103,29    17,879,575.
Ending Aggregate Mortgage Loan B    224,133,990.    216,293,864.   284,339,670.    119,824,230.   844,591,756.

Beginning Aggregate Mortgage Loa            3439            2368           4414            1490          11711
Ending Aggregate Mortgage Loan C            3387            2315           4321            1449          11472

Current Weighted Average Coupon       10.250530%      10.350676%      9.741842%      10.064097%     10.078213%
Next Weighted Average Coupon Rat      10.241850%      10.344557%      9.731488%      10.051371%     10.069311%
</TABLE>
<TABLE>
Mortgage Loan Principal Reduction Information:
<CAPTION>
                                    Group IA       Group IIA       Group IB       Group IIB         Total
<S>                             <C>             <C>             <C>            <C>             <C>
Scheduled Principal                        354,0           135,5         453,06            65,7      1,008,399
Curtailments
Prepayments                             2,700,18        5,092,26      5,932,865        3,037,53    16,762,849.
Repurchases/Substitutions                   72,6            35,6                                        108,32
Liquidation Proceeds
Other Principal

Less: Realized Losses
Less: Delinquent Principal not A

Total Principal Reduction               3,126,89        5,263,45      6,385,929        3,103,29    17,879,575.
</TABLE>
<TABLE>
Servicer Information:
<CAPTION>
                                    Group IA       Group IIA       Group IB       Group IIB         Total
<S>                             <C>             <C>             <C>            <C>             <C>
Accrued Servicing Fee for the Cu            94,6            92,3         121,13            51,2         359,36
Less: Amounts to Cover Interest               2,                                                           3,4
Less: Delinquent Service Fees               22,8            20,8           25,4            11,5           80,7
Collected Servicing Fees for Cur            69,4            71,0           95,7            38,9         275,22

Advanced Principal                          22,5              9,           38,0              7,           77,2
Advanced Interest                          474,8           431,2         511,08           228,6      1,645,864
</TABLE>
<TABLE>
<CAPTION>
                                Other           Subordination    Interest
                 Prepayment     Unscheduled     Increase        Carry          Applied         Realized Loss
                 Principal      Principal       Principal       Forward        Realized Loss   Amortization
Class            Distributed    Distributed     Distributed     Amount         Amount          Amount
<S>              <C>            <C>             <C>             <C>            <C>             <C>
A-1                      2,320,2        2,474,84
A-2
A-3
A-4
A-5
A-6
A-7
A-8
A-9                      6,686,1        7,131,54
A-10
A-11
A-12
A-13
A-14
A-15
A-16                     4,498,2        4,797,95
A-17
A-18                     3,258,1        3,475,22
A-19

Total                  16,762,84      17,879,575
</TABLE>
<TABLE>
<CAPTION>
                                                                                               Unpaid
                                                                                               Realized Loss
Class                                                                                          Amount
<S>                                                                                            <C>
A-1
A-2
A-3
A-4
A-5
A-6
A-7
A-8
A-9
A-10
A-11
A-12
A-13
A-14
A-15
A-16
A-17
A-18
A-19

Total
</TABLE>
<TABLE>
<CAPTION>
                                                     Prior
                      Has a          Senior        Overcolla-    Supplemental   Subordination   Subordination
                  Trigger Event   Enhancement     Teralization     Interest        Increase       Increase
                    Occurred       Percentage        Amount         Amount          Amount       Distributed
<S>              <S>            <C>             <C>             <C>            <C>             <C>
Group IA               NO             N/A               3,387,35                         (387,3        (387,35
Group IIA              NO             N/A               2,952,31                           47,6           47,6
Group IB               NO             N/A               3,575,29                       1,508,38      1,508,387
Group IIB              NO             N/A               1,465,43                          743,6         743,63

Total                                                 11,380,403                       1,912,35      1,912,353
</TABLE>
<TABLE>
<CAPTION>
                                                                                   Current         Target
                                                                                  Overcolla-     Overcolla-
                                                                                 teralization   teralization
                                                                                    Amount         Amount
<S>                                                                            <C>             <C>
Group IA                                                                               3,000,00      3,000,000
Group IIA                                                                              3,000,00      3,000,000
Group IB                                                                               5,083,68    10,075,000.
Group IIB                                                                              2,209,07      4,387,500

Total                                                                                13,292,756    20,462,500.
</TABLE>
<TABLE>

TOTAL AVAILABLE FUNDS:
<CAPTION>
<S>              <S>                                            <C>            <C>             <C>
                 Current Interest Collected:                          5,516,883.22

                 Principal Collected:                               17,694,037.26

                 Insurance Proceeds Received:                                         -

                 Net Liquidation Proceeds:                                            -

                 Delinquency Advances on Mortgage Interest:           1,645,864.77

                 Delinquency Advances on Mortgage Principal                77,212.51

                 Substitution Amounts:                                   108,325.63

                 Trust Termination Proceeds:                                          -

                 Investment Earnings on Certificate Account:               15,725.05

                 Sum of the Above Amounts:                                           25,058,048.44

LESS:

                 Servicing Fees (including PPIS):                        278,636.23

                 Dealer Reserve:                                                      -

                 Trustee Fees:                                              5,031.09

                 Insurance Premiums:                                       87,938.88

                 Reimbursement of Delinquency Advances:                               -

                 Reimbursements of Servicing Advances:                                -

                 Total Reductions to Available Funds Amount:                              371,606.20

                 Total Available Funds:                                                            24,686,442.
</TABLE>



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