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) June 16, 1999
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Painewebber Mortgage Acceptance Corporation IV (as depositor under the Sale and
Master Servicing Agreement, dated as of June 1, 1999, relating to the Fremont
Home Loan Owner Trust 1999-2, Home Loan Asset Backed Notes, Series 1999-2)
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(Exact name of registrant as specified in its charter)
DELAWARE 333-61785 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
Attached as an exhibit to this Current Report is a letter from
PricewaterhouseCoopers LLP ("PWC") furnished to the Registrant by PWC pursuant
to which PWC consents to the incorporation by reference in the Prospectus
Supplement ("PROSPECTUS SUPPLEMENT") of Fremont Home Loan Owner Trust 1999-2
relating to Home Loan Asset Backed Notes, Series 1999-2, of PWC's report dated
January 26, 1999 on PWC's audits of the consolidated financial statements of
Financial Security Assurance Inc. 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 PWC to the reference to
"PricewaterhouseCoopers LLP" under the caption "Experts" in the Prospectus
Supplement.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(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
June 18, 1999
/S/ BARBARA DAWSON
By: _____________________________
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
Fremont Home Loan Owner Trust 1999-2 dated June 16, 1999 relating to the Home
Loan Asset Backed Notes, Series 1999-2, of our report dated January 26, 1999 on
our audits of the consolidated financial statements of Financial Security
Assurance Inc. and Subsidiaries as of December 31, 1998 and 1997, and for each
of the three years in the period ended December 31, 1998. We also consent to the
reference to our Firm under the caption "Experts".
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
June 16, 1999
