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 28, 1998
ADVANTA Revolving Home Equity Loan Trust 1998-B
New York 333-52351 "Pending"
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 November, 1998 Monthly Period of the Trust in respect of
the Revolving Home Equity Loan Pass-Through Certificates,
Series 1998-B, 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 September 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 November, 1998 Monthly
Period relating to the Revolving Home Equity
Loan Trust Certificates Series 1998-B,
Class A issued by the ADVANTA Revolving
Home Equity Loan Trust 1998-B.
EXHIBIT INDEX
Exhibit
1. Monthly Report for the November, 1998 Monthly
Period relating to the Revolving Home Equity Loan
Loan Pass-Through Certificates, Series 1998-B,
Class A issued by the ADVANTA Revolving
Home Equity Loan Trust 1998-B.
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 1998-B
BY: ADVANTA Mortgage Corp., USA
BY: /s/ William P. Garland
William P. Garland
Senior Vice President
Loan Service Administration
December 31, 1998
<TABLE>
EXHIBIT 1
ADVANTA Revolving Home Equity Loan Trust 1998-B
Statement to Certificateholders
<CAPTION>
Original Prior
Face Principal
Class Value Balance Interest Principal Total
<S> <C> <C> <C> <C> <C>
A-1 67,500,000 65,982,75 321,9 638,37 960,292.30
A-2 40,000,000 39,322,82 214,6 415,27 629,907.69
Totals 107,500,000. 105,305,57 536,5 1,053,645 1,590,199.99
</TABLE>
<TABLE>
<CAPTION>
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
<S> <C> <C> <C> <C> <C>
A-1 65,344,375 5.322340% 5.904380%
A-2 38,907,558 6.550000% 6.550000%
Totals 104,251,933.32
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
<S> <C> <C> <C> <C> <C> <C>
A-1 007950AT5 977.522224 4.769147 9.457406 14.2 968.064818
A-2 007950AU2 983.070717 5.365928 10.381764 15.7 972.688953
</TABLE>
<TABLE>
Delinquent Loan Information:
<CAPTION>
90+ Days Loans Loans
HELOC MORTGAGE LOAN 30-59 60-89 excldg f/c,REO in in
Days Days & Bkrptcy Bankruptcy REO
<S> <C> <C> <C> <C> <C>
Principal Balanc 882, 67,2 238,88
% of Pool Balanc 0.8061% 0.0615% 0.2183% 0.0000% 0.0000%
Number of Loans 26 4 2 0 0
90+ Days Loans Loans
HLTV MORTGAGE LOAN 30-59 60-89 excldg f/c,REO in in
Days Days & Bkrptcy Bankruptcy REO
<S> <C> <C> <C> <C> <C>
Principal Balanc 80 44,2
% of Pool Balanc 0.0734% 0.0000% 0.0000% 0.0404% 0.0000%
Number of Loans 3 0 0 1 0
<S> <C> <C> <C>
Servicing Fee Due and Payable for Period: 28,5
Insurance Premiums Due for Period: 18,4
Indenture Trustee Fee Due for Period: 1,3
Owner Trustee Fee Due for Period:
Class A-1 Net Funds Cap Carry-Forward Amount:
Unpaid Class A-1 Note Interest Shortfall Amount:
Unpaid Class A-2 Note Interest Shortfall Amount:
The Amount of Insured Payment Made this Period:
Total Substitution Amount
Total Loan Purchase Price Amount
Book Value or REO Properties:
The Step-Down Amount:
HELOC Overcollateralization Amount: 1,377,601
HLTV Overcollateralization Amount: 2,410,040
HELOC Accelerated Principal Payment:
HLTV Accelerated Principal Payment: 415,27
HELOC Overcollateralization Deficit:
HLTV Overcollateralization Deficit:
HELOC Overcollateralization Reduction Amount:
HLTV Overcollateralization Reduction Amount:
HELOC Beginning Pool Balance: 68,490,754.
HLTV Beginning Pool Balance 41,775,027.
HELOC Ending Pool Balance 67,852,379.
HLTV Ending Pool Balance 41,584,574.
<S> <S> <C> <C> <C>
</TABLE>
