In brief: Advanta Unit Prices Mortgage Securitization

Advanta Corp. announced recently that its wholly owned subsidiary, Advanta Mortgage Conduit Services, has priced a $300 million mortgage loan securitization.

Closing is expected Feb. 15.

Advantage Mortgage Loan Trust 1996-1, which will hold fixed- and adjustable-rate mortgage loans, will issue certificates representing ownership interests in the trust.

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