Advanta Corp. announced that its Advanta Conduit Receivables Inc. had priced a $525 million mortgage loan securitization.

Advanta Mortgage Loan Trust 1999-3 will consist of $377.7 million of fixed-rate mortgages and $155.7 million of adjustables, the company announced last week.

Certificates representing ownership interests in the trust will be sold by lead underwriter Bear Stearns & Co. Salomon Smith Barney is the co-manager for the certificates backed by fixed-rate collateral.

Prudential Securities and Salomon Smith Barney are co-managers for the certificates backed by adjustable-rate collateral.

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