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: September 20, 1999
(Date of earliest event reported)
PaineWebber Mortgage Acceptance Corporation IV (as depositor under the Pooling
and Master Servicing Agreement, dated as of September 1, 1999, relating to the
Fremont Home Loan Trust 1999-3, Home Loan Asset Backed Certificates, Series
1999-3)
PaineWebber Mortgage Acceptance Corporation IV
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(Exact name of registrant as specified in its charter)
Delaware 333-79283 06-1204982
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
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.)
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ITEM 5. Other Events
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Attached as an exhibit to this Current Report is a letter from KPMG LLP
("KPMG") furnished to the Registrant by KPMG pursuant to which KPMG consents to
the incorporation by reference in the Prospectus Supplement ("Prospectus
Supplement") of the Registrant relating to the Fremont Home Loan Trust 1999-3,
Home Loan Asset Backed Certificates, Series 1999-3, of KPMG's report dated
January 27, 1999 on KPMG's audits of the consolidated financial statements of
Ambac Assurance Corporation and Subsidiaries as of December 31, 1998 and 1997,
and for each of the three years in the period ended December 31, 1998. The
attached letter also provides the consent of KPMG to the reference to "KPMG LLP"
under the caption "Experts" in the Prospectus Supplement.
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 KPMG 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
September 21, 1999
By: /s/ BARBARA DAWSON
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Name: Barbara Dawson
Title: Senior Vice President
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INDEX TO EXHIBITS
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Paper (P) or
Exhibit No. Description Electronic (E)
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(23) Consent of KPMG LLP (E)
[Letterhead of KPMG LLP]
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the registration statement (No.
333-79283) of PaineWebber Mortgage Acceptance Corporation IV (the "Registrant"),
and in the Prospectus Supplement of the Registrant (the "Prospectus
Supplement"), via the Form 8-K of the Registrant dated September 20, 1999, of
our report dated January 27, 1999 on the consolidated financial statements of
Ambac Assurance Corporation and subsidaries as of December 31, 1998 and 1997,
and for each of the years in the three-year period ended December 31, 1998,
which report appears in the Form 10-K of Ambac Financial Group, Inc. which was
filed with the Securities and Exchange Commission on March 30, 1999 and to the
reference to our firm under the heading " Experts" in the Prospectus Supplement.
/s/ KPMG LLP
KPMG LLP
September 21, 1999
