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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) APRIL 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 APRIL 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.
20.1 Monthly statement to holders of Fremont Home Loan Asset-Backed Notes
Series 1999-1 relating to the APRIL 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: MAY 5, 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 APRIL 26, 1999 Payment Date.
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FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 3/31/99
DISTRIBUTION DATE: 4/26/99
(FIRST UNION LOGO)
<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 5.2375% 415,545,505.00 415,545,505.00 1,995,051.28 5,284,347.52 7,279,398.80 410,261,157.48
Factors per
Thousand 4.80104166 12.71665186 17.51769352 987.28334814
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TOTALS 415,545,505.00 415,545,505.00 1,995,051.28 5,284,347.52 7,279,398.80 410,261,157.48
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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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FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 3/31/99
DISTRIBUTION DATE: 4/26/99
(FIRST UNION LOGO)
SCHEDULE OF REMITTANCE
<TABLE>
<S> <C>
Available Collection Amount 7,524,051.22
(Trust Fees and Expenses) (244,652.42)
Available Payment Amount 7,279,398.80
Regular Payment 7,279,398.80
Excess Spread 0.00
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FEES
Servicer Fee 121,200.77
Master Servicer Fee 51,943.19
Indenture Trustee Fee 2,250.87
Guaranty Insurance Premium 69,257.58
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TOTAL FEES 244,652.42
</TABLE>
COLLATERAL INFORMATION
<TABLE>
<S> <C>
Aggregate Beginning Balance of Loans 415,545,505.38
Aggregate Ending Balance of Loans 411,431,560.30
Interest Carry-Forward 0.00
Net Loan Losses 0.00
Net Loan Losses - Aggregate 0.00
Overcollateralization Amount 1,170,402.82
Overcollateralization Deficiency Amount 15,451,417.38
Overcollateralization Target Amount 16,621,820.20
Principal Prepayments 23,242.98
Scheduled Principal 204,036.95
Securities Insurer Reimbursement 0.00
Six Month Average Delinquency 0.00%
Three Month Average Annualized Losses 0.00%
Trigger Event? No
Unpaid Securities Insurer Reimbursement 0.00
Weighted Average Home Loan Interest Rate (WAC) 9.8530%
Weighted Average Maturity (WAM) 355.67
</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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FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 3/31/99
DISTRIBUTION DATE: 4/26/99
(FIRST UNION LOGO)
<TABLE>
<CAPTION>
Aggregate Ending Balance of Loans DELINQUENT INFOR. # LOANS AMOUNT %
- --------------------------------- ----------------- ------- ------ -----
<S> <C> <C> <C> <C>
$ 411,431,560.30 Delinquent 0-30 Days 12 887,427.24 0.215693%
Delinquent 31-60 Days 3 426,379.35 0.103633%
Delinquent 61-90 Days 1 125,242.76 0.030441%
Loans in Foreclosure 0 0.00 0.000000%
Bankruptcy Loans 5 585,279.67 0.142254%
<CAPTION>
DELINQUENT INFOR. # LOANS AMOUNT CUMULATIVE
----------------- ------- ------ ----------
<S> <C> <C> <C>
Defaulted Home Loans 1 125,242.76 0.00
Liquidated Home Loans 0 0.00 0.00
Deleted Home Loans 0 0.00 0.00
</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
