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: November 4, 1998
(Date of earliest event reported)
Commission File No. 333-51375
PAINEWEBBER MORTGAGE ACCEPTANCE CORPORATION IV (as depositor under the Sale and
Servicing Agreement, dated as of November 1, 1998, relating to the Empire
Funding Home Loan Owner Trust 1998-3, Home Loan Asset Backed Notes, Series
1998-3)
PAINEWEBBER MORTGAGE ACCEPTANCE CORPORATION IV
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Delaware 06-1204982
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(State of Incorporation) (I.R.S. Employer Identification No.)
1285 Avenue of the Americas
New York, New York 10019
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Address of principal executive offices (Zip Code)
(212) 713-2000
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Registrant's Telephone Number, including area code
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(Former name, former address and former fiscal year, if changed since last
report)
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ITEM 5. Other Events
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Attached as an exhibit to this Current Report is the
consent of PricewaterhouseCoopers LLP furnished to the Registrant
by PricewaterhouseCoopers LLP in connection with the offering by
Empire Funding Home Loan Owner Trust 1998-3 of its Home Loan Asset
Backed Notes, Series 1998-3.
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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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(23) Consent of
PricewaterhouseCoopers LLP
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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
November 5, 1998
By: /s/ Barbara Dawson
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Name: Barbara Dawson
Title: Senior Vice President
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INDEX TO EXHIBITS
Paper (P) or
Exhibit No. Description Electronic (E)
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(23) Consent of PricewaterhouseCoopers LLP E
[Letterhead of PricewaterhouseCoopers LLP]
CONSENT OF INDEPENDENT ACCOUNTANT
We consent to the incorporation by reference in the Prospectus Supplement of
Empire Funding Home Loan Owner Trust 1998-3 relating to Home Loan Asset Backed
Notes, Series 1998-3, of our report dated February 3, 1998, on our audits of the
consolidated financial statements of MBIA Insurance Corporation and Subsidiaries
as of December 31, 1997 and 1996 and for each of the three years in the period
ended December 31, 1997. We also consent to the reference to our firm under the
caption "Experts".
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
New York, New York
November 4, 1998
