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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) OCTOBER 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 OCTOBER 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 OCTOBER 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: NOVEMBER 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 OCTOBER 25, 1999 Payment Date.
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[FIRST UNION LOGO]
FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 9/30/99
PREVIOUS DISTRIBUTION: 9/27/99
DISTRIBUTION DATE: 10/25/99
<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 5.6750% 415,545,505.00 377,035,570.74 1,783,064.05 7,605,958.82 9,389,022.87 369,429,611.92
Factors per
Thousand 4.29089962 18.30355215 22.59445177 889.02324168
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R 0.0000% 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 415,545,505.00 377,035,570.74 1,783,064.05 7,605,958.82 9,389,022.87 369,429,611.92
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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
[FIRST UNION LOGO]
FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 9/30/99
PREVIOUS DISTRIBUTION: 9/27/99
DISTRIBUTION DATE: 10/25/99
<TABLE>
<CAPTION>
====================================================================================================================================
SCHEDULE OF REMITTANCE COLLATERAL INFORMATION
<S> <C> <C> <C>
Available Collection Amount 9,614,373.43 Aggregate Beginning Balance of Loans 384,287,375.90
(Trust Fees and Expenses) (225,350.56) Aggregate Ending Balance of Loans 377,975,051.80
Available Payment Amount 9,389,022.87 Interest Carry-Forward 0.00
Regular Payment 8,095,388.20 Loan Count 3,338
Excess Spread 1,293,634.67 Overcollateralization Amount 8,545,439.88
-------------- Overcollateralization Deficiency Amount 8,076,380.32
Overcollateralization Step-up Test Level 0.00%
Overcollateralization Target Amount 16,621,820.20
FEES Prepayment Penalties 136,618.59
- ---- Principal Prepayments 6,115,707.45
Servicer Fee 112,083.82 Scheduled Principal 196,616.70
Master Servicer Fee 48,035.92 Securities Insurer Reimbursement 0.00
Indenture Trustee Fee 2,391.56 Six Month Average Delinquency 2.9679%
Guaranty Insurance Premium 62,839.26 Spread Squeeze % 4.0396%
-------------- Trigger Event? No
TOTAL FEES 225,350.56 Unpaid Securities Insurer Reimbursement 0.00
Weighted Average Home Loan Interest Rate (WAC) 9.9134%
Weighted Average Maturity (WAM) 354.19
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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: 9/30/99
PREVIOUS DISTRIBUTION: 9/27/99
DISTRIBUTION DATE: 10/25/99
<TABLE>
<CAPTION>
============================================================================================================
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Aggregate Ending Balance of Loans DELINQUENT INFOR. # LOANS AMOUNT %
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<S> <C> <C> <C> <C>
$ 377,975,051.80 Delinquent 30-59 Days 68 6,700,610.03 1.772765%
- --------------------------------- Delinquent 60-89 Days 12 1,455,268.31 0.385017%
Delinquent 90+ Days 10 673,499.95 0.178186%
Loans in Foreclosure 216 23,443,741.38 6.202457%
REO 1 28,800.00 0.007620%
Bankruptcy Loans 31 3,241,547.87 0.857609%
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TOTAL 338 35,543,467.54 9.403654%
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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 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
