UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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) May 25, 2000
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PAINEWEBBER MORTGAGE ACCEPTANCE CORPORATION IV (as depositor under the Pooling
and Servicing Agreement, relating to the Home Equity Asset Backed Certificates,
Series 2000-HE-1)
PAINEWEBBER MORTGAGE ACCEPTANCE CORPORATION IV
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(Exact name of registrant as specified in its charter)
Delaware 333-15685 06-1204982
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1285 Avenue of the Americas, New York, New York 10019
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 713-2000
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(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. Other Events
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On May 25, 2000 (the "Closing Date"), PaineWebber Mortgage
Acceptance Corporation IV (the "Company") issued the Company's Home Equity Asset
Backed Certificates, Series 2000-HE-1, Class A-1, Class A-2, Class A-3, Class
A-4, Class A-5, Class M-1, Class M-2 and Class B (the "Offered Certificates"),
having an aggregate original principal balance of $200,980,445. The Offered
Certificates were issued pursuant to a Pooling and Servicing Agreement, dated as
of May 1, 2000 (the "Pooling and Servicing Agreement"), among the Company, as
depositor, BNC Mortgage Inc., as originator, NC Capital Corporation, as
originator, Litton Loan Servicing LP, as servicer, and The Chase Manhattan Bank,
as trustee. The Offered Certificates, together with the Company's Home Equity
Asset Backed Certificates, Series 2000-HE-1, Class BB, Class X and Class R
(collectively, the "Certificates") represent, in the aggregate, the entire
beneficial ownership interest in a separate trust fund (the "Trust Fund"), the
property of which is, as of the Closing Date, primarily comprised of a pool of
closed-end, fixed-rate loans which are secured by first and second lien
mortgages or deeds of trust on residential one- to four-family properties.
<PAGE>
ITEM 7. Financial Statements and Exhibits
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(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(EX-4) Pooling and Servicing Agreement, dated
as of May 1, 2000, among PaineWebber
Mortgage Acceptance Corporation IV,
BNC Mortgage Inc., NC Capital
Corporation, Litton Loan Servicing LP
and The Chase Manhattan Bank.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PAINEWEBBER MORTGAGE ACCEPTANCE
CORPORATION IV
June 1, 2000
By: /s/ BARBARA J. DAWSON
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Name: Barbara J. Dawson
Title: Senior Vice President
<PAGE>
INDEX TO EXHIBITS
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Paper (P) or
Exhibit No. Description Electronic (E)
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(EX-4) Pooling and Servicing Agreement, E
dated as of May 1, 2000, among
PaineWebber Mortgage Acceptance
Corporation IV, BNC Mortgage Inc.,
NC Capital Corporation, Litton Loan
Servicing LP and The Chase
Manhattan Bank.
