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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) AUGUST 25, 1999.
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PaineWebber Mortgage Acceptance Corp IV
Fremont Home Loan Owner Trust Series 1999-1
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(Exact name of registrant as specified in its charter)
Delaware 333-40467 51-6512656
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(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
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(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 AUGUST 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 AUGUST 25, 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: SEPTEMBER 21, 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 AUGUST 25, 1999 Payment Date.
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[FIRST UNION LOGO]
FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
<TABLE>
<CAPTION>
RECORD DATE: 7/31/99
PREVIOUS DISTRIBUTION: 7/26/99
DISTRIBUTION DATE: 8/25/99
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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 5.4875% 415,545,505.00 392,830,555.57 1,796,381.39 7,507,765.65 9,304,147.04 385,322,789.92
Factors
per
Thousand 4.32294747 18.06725271 22.39020018 927.26978221
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R 0.0000% 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 415,545,505.00 392,830,555.57 1,796,381.39 7,507,765.65 9,304,147.04 385,322,789.92
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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
<TABLE>
<CAPTION>
RECORD DATE: 7/31/99
PREVIOUS DISTRIBUTION: 7/26/99
DISTRIBUTION DATE: 8/25/99
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SCHEDULE OF REMITTANCE COLLATERAL INFORMATION
<S> <C> <S> <C>
Available Collection Amount 9,421,920.76 Aggregate Beginning Balance of Loans 397,686,547.40
(Trust Fees and Expenses) (117,773.72 Aggregate Ending Balance of Loans 391,436,013.20
Available Payment Amount 9,304,147.04 Interest Carry-Forward 0.00
Regular Payment 8,056,289.59 Loan Count 3,461
Excess Spread 1,247,857.45 Overcollateralization Amount 6,113,223.28
------------ Overcollateralization Deficiency Amount 10,508,596.92
Overcollateralization Step-up Test Level 0.00%
Overcollateralization Target Amount 16,621,820.20
FEES Principal Prepayments 6,059,174.49
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*Servicer Fee (Fee deducted prior to Remittance) 115,991.91 Scheduled Principal 200,733.71
Master Servicer Fee 49,710.82 Securities Insurer Reimbursement 0.00
Indenture Trustee Fee 2,591.14 Six Month Average Delinquency 1.2239%
Guaranty Insurance Premium 65,471.76 Spread Squeeze % 3.7653%
------------ Trigger Event? No
TOTAL FEES 117,773.72 Unpaid Securities Insurer Reimbursement 0.00
Weighted Average Home Loan Interest Rate (WAC) 9.5415%
Weighted Average Maturity (WAM) 356.32
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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
</TABLE>
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[FIRST UNION LOGO]
FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
<TABLE>
<CAPTION>
RECORD DATE: 7/31/99
PREVIOUS DISTRIBUTION: 7/26/99
DISTRIBUTION DATE: 8/25/99
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Aggregate Ending Balance of Loans DELINQUENT INFOR. # LOANS AMOUNT %
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<S> <C> <S> <C> <C> <C>
$ 391,436,013.20 Delinquent 30-59 Days 93 10,806,096.18 2.760629%
- --------------------------------- Delinquent 60-89 Days 26 2,189,866.39 0.559444%
Delinquent 90+ Days 20 2,437,587.38 0.622729%
Loans in Foreclosure 136 13,984,412.12 3.572592%
REO 1 28,800.00 0.007358%
Bankruptcy Loans 22 2,542,600.70 0.649557%
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TOTAL 298 31,989,362.77 8.172310%
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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 5 695,925.97 695,925.97
Net Loan Losses 0 0.00 0.00
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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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