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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) DECEMBER 27, 1999
PaineWebber Mortgage Acceptance Corp IV
Fremont Home Loan Owner Trust Series 1999-1
(Exact name of registrant as specified in its charter)
Delaware 333-40467 51-6512656
(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
(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 DECEMBER 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 DECEMBER 27, 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: JANUARY 11, 2000 By: First Union National Bank, as Indenture
Trustee and on behalf of Fremont Home
Loan Owner Trust Series 1999-1
BY: /s/ Robert Ashbaugh
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Robert Ashbaugh
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 DECEMBER 27, 1999 Payment Date.
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[FIRST UNION LOGO]
FREMONT HOME LOAN OWNER TRUST 1999-1
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 11/30/99
PREVIOUS DISTRIBUTION: 11/26/99
DISTRIBUTION DATE: 12/27/99
<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 5.8625% 415,545,505.00 361,312,075.99 1,765,160.04 9,007,639.31 10,772,799.35 352,304,436.68
Factors per 4.24781406 21.67666165 25.92447571 847.81193020
Thousand
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R 0.0000% 0.00 695,925.97 0.00 0.00 0.00 695,925.97
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TOTALS 415,545,505.00 361,312,075.99 1,765,160.04 9,007,639.31 10,772,799.35 352,304,436.68
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</TABLE>
First Union National Bank Robert Ashbaugh
Structured Finance Trust Services Vice President
401 South Tryon Street, 12th 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
RECORD DATE: 11/30/99
PREVIOUS DISTRIBUTION: 11/26/99
DISTRIBUTION DATE: 12/27/99
<TABLE>
<CAPTION>
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SCHEDULE OF REMITTANCE COLLATERAL INFORMATION
<S> <C> <C> <C>
Available Collection Amount 10,989,548.98 Aggregate Beginning Balance of Loans 370,853,201.10
(Trust Fees and Expenses) (216,749.63) Aggregate Ending Balance of Loans 362,894,194.60
Available Payment Amount 10,772,799.35 Interest Carry-Forward 0.00
Regular Payment 9,724,166.49 Loan Count 3,207
Excess Spread 1,048,632.86 Overcollateralization Amount 10,589,757.92
------------------------ Overcollateralization Deficiency Amount 6,032,062.28
Overcollateralization Step-up Test Level 0.00%
Overcollateralization Target Amount 16,621,820.20
FEES Prepayment Penalties 208,374.59
---- Principal Prepayments 7,765,055.00
Servicer Fee 108,165.52 Scheduled Principal 193,951.45
Master Servicer Fee 46,356.65 Securities Insurer Reimbursement 0.00
Indenture Trustee Fee 2,008.79 Six Month Average Delinquency 5.2041%
Guaranty Insurance Premium 60,218.68 Spread Squeeze % 3.3931%
------------------------ Trigger Event? No
TOTAL FEES 216,749.63 Unpaid Securities Insurer Reimbursement 0.00
Weighted Average Home Loan Interest Rate (WAC) 9.9061%
Weighted Average Maturity (WAM) 352.16
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</TABLE>
First Union National Bank Robert Ashbaugh
Structured Finance Trust Services Vice President
401 South Tryon Street, 12th 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: 11/30/99
PREVIOUS DISTRIBUTION: 11/26/99
DISTRIBUTION DATE: 12/27/99
<TABLE>
<CAPTION>
===================================================================================================================================
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Aggregate Ending Balance of Loans DELINQUENT INFOR. # LOANS AMOUNT %
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<S> <C> <C> <C> <C> <C>
$ 362,894,194.60 Delinquent 30-59 Days 64 5,836,793.73 1.608401%
---------------------------------------- Delinquent 60-89 Days 10 843,748.96 0.232505%
Delinquent 90+ Days 4 312,207.00 0.086033%
Loans in Foreclosure 217 23,791,924.59 6.556160%
REO 17 1,689,668.32 0.465609%
Bankruptcy Loans 60 6,696,305.94 1.845250%
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TOTAL 372 39,170,648.54 10.793958%
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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 3 30,968.40 109,780.40
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</TABLE>
First Union National Bank Robert Ashbaugh
Structured Finance Trust Services Vice President
401 South Tryon Street, 12th Floor Phone: 704-383-9568
Charlotte, North Carolina 28288-1179 Fax: 704-383-6039
