<PAGE> 1
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) JULY 26, 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 JULY 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 JULY 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: AUGUST 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 JULY 26, 1999 Payment Date.
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<PAGE> 1
FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 6/30/99
PREVIOUS DISTRIBUTION: 6/25/99
DISTRIBUTION DATE: 7/26/99
<TABLE>
<CAPTION>
====================================================================================================================================
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 5.3625% 415,545,505.00 399,810,898.11 1,846,210.12 6,980,342.54 8,826,552.66 392,830,555.57
Factors per
Thousand 4.44285908 16.79802201 21.24088109 945.33703492
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R 0.0000% 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 415,545,505.00 399,810,898.11 1,846,210.12 6,980,342.54 8,826,552.66 392,830,555.57
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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> 2
FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 6/30/99
PREVIOUS DISTRIBUTION: 6/25/99
DISTRIBUTION DATE: 7/26/99
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SCHEDULE OF REMITTANCE
Available Collection Amount 8,945,801.85
(Trust Fees and Expenses) (119,249.19)
Available Payment Amount 8,826,552.66
Regular Payment 7,590,037.51
Excess Spread 1,236,515.15
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FEES
*Servicer Fee (Fee deducted prior to Remittance) 117,667.19
Master Servicer Fee 50,428.80
Indenture Trustee Fee 2,185.25
Guaranty Insurance Premium 66,635.15
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TOTAL FEES 119,249.19
COLLATERAL INFORMATION
Aggregate Beginning Balance of Loans 403,430,374.80
Aggregate Ending Balance of Loans 397,686,547.40
Interest Carry-Forward 0.00
Loan Count 3,515
Net Excess Cash 0.00
Net Loan Losses 0.00
Net Loan Losses - Aggregate 0.00
Overcollateralization Amount 4,855,991.83
Overcollateralization Deficiency Amount 11,765,828.37
Overcollateralization Step-up Test Level 0.00%
Overcollateralization Target Amount 16,621,820.20
Principal Prepayments 5,541,235.11
Scheduled Principal 202,592.28
Securities Insurer Reimbursement 0.00
Six Month Average Delinquency 0.4811%
Spread Squeeze % 0.0000%
Trigger Event? No
Unpaid Securities Insurer Reimbursement 0.00
Weighted Average Home Loan Interest Rate (WAC) 9.8914%
Weighted Average Maturity (WAM) 357.00
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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
<PAGE> 3
FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 6/30/99
PREVIOUS DISTRIBUTION: 6/25/99
DISTRIBUTION DATE: 7/26/99
================================================================================
<TABLE>
<CAPTION>
- ----------------------------------------- --------------------------------------------------------------------------
Aggregate Ending Balance of Loans DELINQUENT INFOR. # LOANS AMOUNT %
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<C> <S> <C> <C> <C>
$ 397,686,547.40 Delinquent 0-30 Days 153 8,599,651.79 2.162420%
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Delinquent 31-60 Days 76 7,719,219.28 1.941031%
Delinquent 61-90 Days 69 4,937,719.95 1.241611%
Loans in Foreclosure 1 125,242.76 0.031493%
REO 0 0.00 0.000000%
Bankruptcy Loans 6 588,405.91 0.147957%
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TOTAL 305 21,970,239.69 5.524512%
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DELINQUENT INFOR. # 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 0.00
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</TABLE>
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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
