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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 26, 1999
PaineWebber Mortgage Acceptance Corp IV
Fremont Home Loan Owner Trust Series 1999-1
(Exact name of registrant as specified in its charter)
Delaware 333-40467 51-6512656
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
c/o First Union National Bank, 230 S. Tryon Street, 9th Floor,
Charlotte, NC 28288-1179
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (704) 383-9568
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(Former name or former address, if changed since last report.)
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Item 5. See the monthly statement to Bondholders attached as Exhibit 20.1 hereto
reflecting the required information for the NOVEMBER 1999 payment to the Fremont
Home Loan Asset-Backed Notes Series 1999-1
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Item 601 (a) of Regulation.
S-K Exhibit Number.
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20.1 Monthly statement to holders of Fremont Home Loan Asset-Backed Notes
Series 1999-1 relating to the NOVEMBER 26, 1999 Payment Date.
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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 behalf of Fremont Home
Loan Owner Trust Series 1999-1 by the undersigned thereunto duly authorized.
Dated: DECEMBER 9, 1999 By: First Union National Bank, as Indenture
Trustee and on behalf of Fremont Home
Loan Owner Trust Series 1999-1
BY: Robert Ashbaugh
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Vice President
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EXHIBIT INDEX
20.1 Monthly statement to holders of Fremont Home Loan Asset-Backed Notes
Series 1999-1 relating to the NOVEMBER 26, 1999 Payment Date.
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[FIRST UNION LOGO]
FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 10/31/99
PREVIOUS DISTRIBUTION: 10/25/99
DISTRIBUTION DATE: 11/26/99
<TABLE>
<CAPTION>
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Original Beginning Ending
Certificate Certificate Certificate Total Certificate
Class Cusip Rate Balance Balance Interest Principal Distribution Balance
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 35729BAA9 5.7375% 415,545,505.00 369,429,611.92 1,825,213.18 8,117,535.93 9,942,749.11 361,312,075.99
Factors per
Thousand 4.39233046 19.53464983 23.92698030 869.48859185
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R 0.0000% 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 415,545,505.00 369,429,611.92 1,825,213.18 8,117,535.93 9,942,749.11 361,312,075.99
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</TABLE>
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
Structured Finance Trust Services VICE PRESIDENT
230 South Tryon Street, 9th Floor PHONE: 704-383-9568
Charlotte, North Carolina 28288-1179 FAX: 704-383-6039
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[FIRST UNION LOGO]
FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 10/31/99
PREVIOUS DISTRIBUTION: 10/25/99
DISTRIBUTION DATE: 11/26/99
<TABLE>
<CAPTION>
====================================================================================================================================
SCHEDULE OF REMITTANCE COLLATERAL INFORMATION
<S> <C> <C> <C>
Available Collection Amount 10,164,132.68 Aggregate Beginning Balance of Loans 377,975,051.79
(Trust Fees and Expenses) (221,383.57) Aggregate Ending Balance of Loans 370,853,201.05
Available Payment Amount 9,942,749.11 Interest Carry-Forward 0.00
Regular Payment 8,947,063.92 Loan Count 3,278
Excess Spread 995,685.19 Overcollateralization Amount 9,541,125.06
-------------- Overcollateralization Deficiency Amount 7,080,695.14
Overcollateralization Step-up Test Level 0.00%
Overcollateralization Target Amount 16,621,820.20
FEES Prepayment Penalties 135,648.23
- ---- Principal Prepayments 6,926,298.42
Servicer Fee 110,242.72 Scheduled Principal 195,552.32
Master Servicer Fee 47,246.88 Securities Insurer Reimbursement 0.00
Indenture Trustee Fee 2,322.36 Six Month Average Delinquency 4.0452%
Guaranty Insurance Premium 61,571.60 Spread Squeeze % 3.1611%
-------------- Trigger Event? No
TOTAL FEES 221,383.57 Unpaid Securities Insurer Reimbursement 0.00
Weighted Average Home Loan Interest Rate (WAC) 9.9088%
Weighted Average Maturity (WAM) 353.16
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</TABLE>
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
Structured Finance Trust Services VICE PRESIDENT
230 South Tryon Street, 9th Floor PHONE: 704-383-9568
Charlotte, North Carolina 28288-1179 FAX: 704-383-6039
<PAGE> 3
[FIRST UNION LOGO]
FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 10/31/99
PREVIOUS DISTRIBUTION: 10/25/99
DISTRIBUTION DATE: 11/26/99
<TABLE>
<CAPTION>
============================================================================================================
- --------------------------------- -----------------------------------------------------------------------
Aggregate Ending Balance of Loans DELINQUENT INFOR. # LOANS AMOUNT %
- --------------------------------- -----------------------------------------------------------------------
<S> <C> <C> <C> <C>
$ 370,853,201.05 Delinquent 30-59 Days 61 5,656,139.51 1.525169%
- --------------------------------- Delinquent 60-89 Days 9 1,094,082.87 0.295018%
Delinquent 90+ Days 7 601,584.33 0.162216%
Loans in Foreclosure 223 23,939,215.56 6.455173%
REO 9 1,077,531.21 0.290555%
Bankruptcy Loans 45 4,895,852.70 1.320159%
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TOTAL 354 37,264,406.18 10.048290%
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OTHER INFORMATION # LOANS AMOUNT CUMULATIVE
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Defaulted Home Loans 0 0.00 125,242.76
Liquidated Home Loans 0 0.00 0.00
Deleted Home Loans 0 0.00 695,925.97
Net Loan Losses 3 78,812.00 78,812.00
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</TABLE>
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
Structured Finance Trust Services VICE PRESIDENT
230 South Tryon Street, 9th Floor PHONE: 704-383-9568
Charlotte, North Carolina 28288-1179 FAX: 704-383-6039
