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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) June 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 June 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 June 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: July 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 June 25, 1999 Payment Date.
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Fremont Home Loan Owner Trust 1999-1
Statement to Certificateholder
Record Date: 5/31/99
Previous Distribution: 5/25/99
Distribution Date: 6/25/99
<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 5.2375% 415,545,505.00 403,651,704.07 1,820,497.22 3,840,805.96 5,661,303.18 399,810,898.11
Factors
per
Thousand 4.38098162 9.24280473 13.62378635 962.13505693
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R 0.0000% 0.00 0.00 0.00 0.00 0.00 0.00
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Totals 415,545,505.00 403,651,704.07 1,820,497.22 3,840,805.96 5,661,303.18 399,810,898.11
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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: 5/31/99
Previous Distribution: 5/25/99
Distribution Date: 6/25/99
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Schedule of Remittance
Available Collection Amount 5,899,990.46
(Trust Fees and Expenses) (238,687.28)
Available Payment Amount 5,661,303.18
Regular Payment 4,499,489.38
Excess Spread 1,161,813.80
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Fees
Servicer Fee 118,448.57
Master Servicer Fee 50,763.67
Indenture Trustee Fee 2,199.76
Guaranty Insurance Premium 67,275.28
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Total Fees 238,687.28
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Collateral Information
Aggregate Beginning Balance of Loans 406,109,366.95
Aggregate Ending Balance of Loans 403,430,374.79
Interest Carry-Forward 0.00
Loan Count 3,571
Net Excess Cash 0.00
Net Loan Losses 0.00
Net Loan Losses - Aggregate 0.00
Overcollateralization Amount 3,619,476.68
Overcollateralization Deficiency Amount 13,002,343.52
Overcollateralization Step-up Test Level 0.00%
Overcollateralization Target Amount 16,621,820.20
Principal Prepayments 2,476,705.48
Scheduled Principal 202,286.68
Securities Insurer Reimbursement 0.00
Six Month Average Delinquency 0.2171%
Spread Squeeze % 3.4330%
Three Month Average Annualized Losses 0.00%
Trigger Event? No
Unpaid Securities Insurer Reimbursement 0.00
Weighted Average Home Loan Interest Rate (WAC) 9.8652%
Weighted Average Maturity (WAM) 358.23
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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: 5/31/99
Previous Distribution: 5/25/99
Distribution Date: 6/25/99
<TABLE>
<CAPTION>
- ---------------------------------------- ------------------------------------------------------------------------------------
Aggregate Ending Balance of Loans Delinquent Infor. # Loans Amount %
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<C> <S> <C> <C> <C>
$ 403,430,374.79 Delinquent 0-30 Days 120 12,711,810.00 3.150930%
- ---------------------------------------- Delinquent 31-60 Days 64 6,273,711.40 1.555091%
Delinquent 61-90 Days 25 2,244,236.69 0.556288%
Loans in Foreclosure 1 125,242.76 0.031044%
REO 0 0.00 0.000000%
Bankruptcy Loans 3 240,345.77 0.059576%
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Total 213 21,595,346.62 5.352930%
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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>
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
