Fremont Home Loan Trust 2004-2 8-K Other Events

                                    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):  October 25, 2004
                            (Date of earliest event reported)

            Financial Asset Securities Corporation (as Depositor under the
              Pooling and Servicing Agreement, dated as September 1, 2004,
                providing for the issuance of Fremont Home Loan Trust
                Series 2004-2 Asset-Backed Certificates, Series 2004-2)
                 (Exact name of registrant as specified in charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-111379-24                          06-1442101
          (Commission File Number)        (I.R.S. Employer Identification No.)


               600 Steamboat Road
               Greenwich, Connecticut                    06830
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (203) 625-2700


         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))


     Item 8.01  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     October 25, 2004.

                                    Signatures

               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.

                                   Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Financial Asset Securities
                                  Corporation, Registrant


          Date:  Oct 27, 2004               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of October 25, 2004.










			

Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Greenwich Capital Financial Products, In
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					13
										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										10. Realized Loss Report					21
										11. Realized Loss Detail Report					24
				Servicer(s)
										12. Triggers and Adj. Cert. Report					25
				Litton Loan Servicing
				13. Additional Certificate Report					26
				Underwriter(s)
				Greenwich Capital Markets
										Total Number of Pages					26
				Dates						Contacts
				Cut-Off Date:			September 01, 2004			Eiko Akiyama
				Close Date:			September 10, 2004			Administrator
				First Distribution Date:			October 25, 2004			(714) 247-6328
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			October 25, 2004
										Factor Information:			(800) 735-7777
				Record Date:			September 30, 2004
										Main Phone Number:			(714) 247-6000
							October 22, 2004
										https://www.tss.db.com/invr
Page 1 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance
					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)
I-A1	SNR	$	507,662,000.00		507,662,000.00		1,326,266.98		11,992,422.01		13,318,688.99		0.00		0.00		495,669,577.99
II-A1	SNR	$	105,000,000.00		105,000,000.00		248,062.50		5,016,929.00		5,264,991.50		0.00		0.00		99,983,071.00
II-A2	SNR	$	118,000,000.00		118,000,000.00		303,850.00		0.00		303,850.00		0.00		0.00		118,000,000.00
II-A3	SNR	$	23,322,000.00		23,322,000.00		65,301.60		0.00		65,301.60		0.00		0.00		23,322,000.00
M-1	MEZ	$	26,161,000.00		26,161,000.00		75,539.89		0.00		75,539.89		0.00		0.00		26,161,000.00
M-2	MEZ	$	29,431,000.00		29,431,000.00		86,821.45		0.00		86,821.45		0.00		0.00		29,431,000.00
M-3	MEZ	$	15,883,000.00		15,883,000.00		47,450.46		0.00		47,450.46		0.00		0.00		15,883,000.00
M-4	MEZ	$	16,350,000.00		16,350,000.00		58,042.50		0.00		58,042.50		0.00		0.00		16,350,000.00
M-5	MEZ	$	16,350,000.00		16,350,000.00		59,064.38		0.00		59,064.38		0.00		0.00		16,350,000.00
M-6	MEZ	$	14,015,000.00		14,015,000.00		54,132.94		0.00		54,132.94		0.00		0.00		14,015,000.00
M-7	MEZ	$	11,679,000.00		11,679,000.00		51,679.58		0.00		51,679.58		0.00		0.00		11,679,000.00
M-8	MEZ	$	9,343,000.00		9,343,000.00		42,510.65		0.00		42,510.65		0.00		0.00		9,343,000.00
M-9	MEZ	$	12,613,000.00		12,613,000.00		78,673.59		0.00		78,673.59		0.00		0.00		12,613,000.00
B-1	SUB	$	10,745,000.00		10,745,000.00		70,379.75		0.00		70,379.75		0.00		0.00		10,745,000.00
B-2	SUB	$	4,672,000.00		4,672,000.00		30,601.60		0.00		30,601.60		0.00		0.00		4,672,000.00
C	SUB, EXE	$	13,079,787.25		13,079,787.25		2,394,865.00		0.00		2,394,865.00		0.00		495.17		13,080,282.42
P	EXE	$	100.00		100.00		152,285.49		0.00		152,285.49		0.00		0.00		100.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			934,305,887.25		934,305,887.25		5,145,528.36		17,009,351.01		22,154,879.37		0.00		495.17		917,297,031.41
Interest Accrual Detail Current Period Factor Information per $1,0000 of Original Face-
									Orig. Principal		Prior								Current
	Period		Period						(with Notional)		Principal						Total		Principal
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution		Balance
									(1)		(1)		(2)		(3)		(4)=(2)+(3)		(5)
I-A1	09/10/04		10/24/04		A-Act/360		35729PDZ0		507,662,000.00		1,000.000000		2.612500		23.622848	26.235348		976.377152
II-A1	09/10/04		10/24/04		A-Act/360		35729PEA4		105,000,000.00		1,000.000000		2.362500	47.780276		50.142776		952.219724
II-A2	09/10/04		10/24/04		A-Act/360		35729PEB2		118,000,000.00		1,000.000000		2.575000		0.000000		2.575000		1,000.000000
II-A3	09/10/04		10/24/04		A-Act/360		35729PEC0		23,322,000.00		1,000.000000		2.800000		0.000000		2.800000		1,000.000000
M-1	09/10/04		10/24/04		A-Act/360		35729PED8		26,161,000.00		1,000.000000		2.887500		0.000000		2.887500		1,000.000000
M-2	09/10/04		10/24/04		A-Act/360		35729PEE6		29,431,000.00		1,000.000000		2.950000		0.000000		2.950000		1,000.000000
M-3	09/10/04		10/24/04		A-Act/360		35729PEF3		15,883,000.00		1,000.000000		2.987500		0.000000		2.987500		1,000.000000
M-4	09/10/04		10/24/04		A-Act/360		35729PEG1		16,350,000.00		1,000.000000		3.550000		0.000000		3.550000		1,000.000000
M-5	09/10/04		10/24/04		A-Act/360		35729PEH9		16,350,000.00		1,000.000000		3.612500		0.000000		3.612500		1,000.000000
M-6	09/10/04		10/24/04		A-Act/360		35729PEJ5		14,015,000.00		1,000.000000		3.862500		0.000000		3.8625 00		1,000.000000
M-7	09/10/04		10/24/04		A-Act/360		35729PEK2		11,679,000.00		1,000.000000		4.425000		0.000000		4.425000		1,000.000000
M-8	09/10/04		10/24/04		A-Act/360		35729PEL0		9,343,000.00		1,000.000000		4.550000		0.000000		4.550000		1,000.000000
M-9	09/10/04		10/24/04		A-Act/360		35729PEM8		12,613,000.00		1,000.000000		6.237500	0.000000		6.237500		1,000.000000
B-1	09/10/04		10/24/04		A-Act/360		35729PEN6		10,745,000.00		1,000.000000		6.550000		0.000000		6.550000		1,000.000000
B-2	09/10/04		10/24/04		A-Act/360		35729PFF2		4,672,000.00		1,000.000000		6.550000		0.000000		6.550000		1,000.000000
C	09/10/04		10/24/04				13,079,787.25		1,000.000000		183.096633		0.000000		183.096633		1,000.037858
P	09/10/04		10/24/04				100.00		1,000.000000		1,522,854.900000		0.000000		1,522,854.900000		1,000.000000
R	09/10/04		10/24/04				0.00		0.000000		0.000000		0.000000		0.000000		0.000000
Page 2 of 26
Fremont Home Loan Trust 2004-2
A sset Backed Certificates
2004-2
October 25, 2004 Distribution
Distribution to Date -
																	Current
	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal
Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3 )		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
I-A1	507,662,000.00		1,326,266.98		11,526,027.55		466,394.46		11,992,422.01		13,318,688.99		0.00		0.00		495,669,577.99
II-A1	105,000,000.00		248,062.50		4,821,816.80		195,112.20		5,016,929.00		5,264,991.50		0.00		0.00		99,983,071.00
II-A2	118,000,000.00		303,850.00		0.00		0.00		0.00		303,850.00		0.00		0.00		118,000,000.00
II-A3	23,322,000.00		65,301.60		0.00		0.00		0.00		65,301.60		0.00		0.00		23,322,000.00
M-1	26,161,000.00		75,539.89		0.00		0.00		0.00		75,539.89		0.00		0.00		26,161,000.00
M-2	29,431,000.00		86,821.45		0.00		0.00		0.00		86,821.45		0.00		0.00		29,431,000.00
M-3	15,883,000.00		47,450.46		0.00		0.00		0.00		47,450.46		0.00		0.00		15,883,000.00
M-4	16,350,000.00		58,042.50		0.00		0.00		0.00		58,042.50		0.00		0.00		16,350,000.00
M-5	16,350,000.00		59,064.38		0.00		0.00		0.00		59,064.38		0.00		0.00		16,350,000.00
M-6	14,015,000.00		54,132.94		0.00		0.00		0.00		54,132.94		0.00		0.00		14,015,000.00
M-7	11,679,000.00		51,679.58		0.00		0.00		0.00		51,679.58		0.00		0.00		11,679,000.00
M-8	9,343,000.00		42,510.65		0.00		0.00		0.00		42,510.65		0.00		0.00		9,343,000.00
M-9	12,613,000.00		78,673.59		0.00		0.00		0.00		78,673.59		0.00		0.00		12,613,000.00
B-1	10,745,000.00		70,379.75		0.00		0.00		0.00		70,379.75		0.00		0.00		10,745,000.00
B-2	4,672,000.00		30,601.60		0.00		0.00		0.00		30,601.60		0.00		0.00		4,672,000.00
C	13,079,787.25		2,394,865.00		0.00		0.00		0.00		2,394,865.00		0.00		495.17		13,080,282.42
P	100.00		152,285.49		0.00		0.00		0.00		152,285.49		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00	0.00		0.00		0.00
Total	934,305,887.25		5,145,528.36		16,347,844.35		661,506.66		17,009,351.01		22,154,879.37		0.00		495.17		917,297,031.41
Interest Detail -
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid
Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
			&nb sp;		(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
I-A1	2.09000%		507,662,000.00		1,326,266.97		0.00		0.00		0.00		1,326,266.97		1,326,266.98		0.00
II-A1	1.89000%		105,000,000.00		248,062.50		0.00		0.00		0.00		248,062.50		248,062.50		0.00
II-A2	2.06000%		118,000,000.00		303,850.00		0.00		0.00		0.00		303,850.00		303,850.00		0.00
II-A3	2.24000%		23,322,000.00		65,301.60		0.00		0.00		0.00		65,301.60		65,301.60		0.00
M-1	2.31000%		26,161,000.00		75,539.89		0.00		0.00		0.00		75,539.89		75,539.89		0.00
M-2	2.36000%		29,431,000.00		86,821.45		0.00		0.00		0.00		86,821.45		86,821.45		0.00
M-3	2.39000%		15,883,000.00		47,450.46		0.00		0.00		0.00		47,450.46		47,450.46		0.00
M-4	2.84000%		16,350,000.00		58,042.50		0.00		0.00		0.00		58,042.50		58,042.50		0.00
M-5	2.89000%		16,350,000.00		59,064. 38		0.00		0.00		0.00		59,064.38		59,064.38		0.00
M-6	3.09000%		14,015,000.00		54,132.94		0.00		0.00		0.00		54,132.94		54,132.94		0.00
M-7	3.54000%		11,679,000.00		51,679.58		0.00		0.00		0.00		51,679.58		51,679.58		0.00
M-8	3.64000%		9,343,000.00		42,510.65		0.00		0.00		0.00		42,510.65		42,510.65		0.00
M-9	4.27589%		12,613,000.00		67,414.77		0.00		0.00		0.00		67,414.77		78,673.59		0.00
B-1	4.27589%		10,745,000.00		57,430.57		0.00		0.00		0.00		57,430.57		70,379.75		0.00
B-2	4.27589%		4,672,000.00		24,971.21		0.00		0.00		0.00		24,971.21		30,601.60		0.00
C	146.50759%		13,079,787.25		2,395,360.17		0.00		0.00		0.00		2,395,360.17		2,395,360.17		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		152,285.49		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			934,305,887.25		4,963,899.64		0.00		0.00		0.00		4,963,899.64		5,146,023.53		0.00
Page 3 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Collection Account Report
SUMMARY
										Group 2		Group 1		Total
Principal Collections										5,016,782.95		11,992,072.89		17,008,855.84
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										5,016,782.95		11,992,072.89		17,008,855.84
Interest Collections										1,749,350.85		3,635,783.50		5,385,134.35
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		152,285.49
Interest Fees										-127,866.89		-263,529.42		-391,396.31
TOTAL NET INTEREST										1,621,483.96		3,372,254.08		5,146,023.53
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										6,638,266.91		15,364,326.97		22,154,879.37
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											199,909.47		461,577.93		661,487.40
Curtailments					17,775.38		20,831.57		38,606.95
Prepayments In Full											4,799,098.10		11,509,663.39		16,308,761.49
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-0.00		-0.00		-0.00
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											0.00		0.00		0.00
TOTAL PRINCIPAL COLLECTED											5,016,782.95		11,992,072.89		17,008,855.84
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00
Page 4 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										1,749,350.85		#######		5,385,134.35
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-885.98		-2,197.62		-3,083.60
Delinquent Interest										-0.00		-0.00		-0.00
Compensating Interest										885.98		2,197.62		3,083.60
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										0.00		0.00		0.00
TOTAL INTEREST COLLECTED										1,749,350.85		3,635,783.50		5,385,134.35
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges										0.00		0.00		152,285.49
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		152,285.49
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										127,180.12		262,114.00		389,294.12
Trustee Fees										686.77		1,415.42		2,102.19
TOTAL INTEREST FEES										127,866.89		263,529.42		391,396.31
Page 5 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Credit Enhancement Report
ACCOUNTS
Net WAC Rate Carryover Reserve Account
Amount Deposited in the Account						0.00
Begining Balance						29,838.39
Amount Withdrawn						29,838.39
Ending Balance						0.00
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralization Amount														13,079,787.25
Overcollateralization Target Amount														13,080,282.42
Overcollateralization Deficiency Amount														495.17
Overcollateralization Release Amount														0.00
Page 6 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Collateral Report
COLLATERAL
											Group 2		Group 1		Total
Loan Count:
Original										1,471		3,569		5,040
Prior										1,471		3,569		5,040
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-15		-63		-78
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										1,456		3,506		4,962
Principal Balance:
Original										305,232,286.81		629,073,600.44		934,305,887.25
Prior										305,232,286.81		629,073,600.44		934,305,887.25
Prefunding										0.00		0.00		0.00
Scheduled Principal										-199,909.47		-461,577.93		-661,487.40
Partial Prepayments										-17,775.38		-20,831.57		-38,606.95
Full Voluntary Prepayments										-4,799,098.10		-11,509,663.39		-16,308,761.49
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										300,215,503.86		617,081,527.55		917,297,031.41
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										6.87745%		6.93550%		6.91654%
Weighted Average Coupon Prior										6.87745%		6.93550%		6.91654%
Weighted Average Coupon Current										6.87745%		6.93550%		6.91654%
Weighted Average Months to Maturi ty Original										347		352		350
Weighted Average Months to Maturity Prior										347		352		350
Weighted Average Months to Maturity Current										347		352		350
Weighted Avg Remaining Amortization Term Original										347		352		350
Weighted Avg Remaining Amortization Term Prior										347		352		350
Weighted Avg Remaining Amortization Term Current										347		352		350
Weighted Average Seasoning Original										4.27		4.28		4.28
Weighted Average Seasoning Prior										4.27		4.28		4.28
Weighted Average Seasoning Current										4.27		4.28		4.28
Page 8 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										6.73934%		6.84434%		6.81065%
Weighted Average Margin Prior										6.73934%		6.84434%		6.81065%
Weighted Average Margin Current										6.73934%		6.84434%		6.81065%
Weighted Average Max Rate Original										13.46627%		13.84970%		13.72668%
Weighted Average Max Rate Prior										13.46627%		13.84970%		13.72668%			;
Weighted Average Max Rate Current										13.46627%		13.84970%		13.72668%
Weighted Average Min Rate Original										6.47129%		6.85353%		6.73089%
Weighted Average Min Rate Prior										6.47129%		6.85353%		6.73089%
Weighted Average Min Rate Current										6.47129%		6.85353%		6.73089%
Weighted Average Cap Up Original										1.50000%		1.50000%		1.50000%
Weighted Average Cap Up Prior										1.50000%		1.50000%		1.50000%
Weighted Average Cap Up Current										1.50000%		1.50000%		1.50000%
Weighted Average Cap Down Original										1.50000%		1.50000%		1.50000%
Weighted Average Cap Down Prior										1.50000%		1.50000%		1.50000%
Weighted Average Cap Down Current										1.50000%		1.50000%		1.50000%
SERVICING FEES & ADVANCES
											Group 2		Group 1		Total
Current Servicing Fees										127,180.12		262,114.00		389,294.12
Delinquent Servicing Fees										0.00		0.00		0.00
TOTAL SERVICING FEES										127,180.12		262,114.01		389,294.13
Total Servicing Fees										127,180.12		262,114.01		389,294.13
Compensating Interest										-885.98		-2,197.62		-3,083.60
Delinquent Serv icing Fees										-0.00		-0.00		-0.00
COLLECTED SERVICING FEES										126,294.14		259,916.39		386,210.53
Total Advaced Interest										0.00		0.00		0.00
Total Advaced Principal										0.00		0.00		0.00
Aggregate Advances with respect to this Distribution										0.00		0.00		0.00
ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										885.98		2,197.62		3,083.60
Compensating Interest										-885.98		-2,197.62		-3,083.60
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00
Weighted Average Net Mortgage Rate														6.609429%
Libor For Current Period														1.7400%
Libor For Next Period														1.9325%
Page 9 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0	0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
Page 10 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
Page 11 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTC Y		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
Page 12 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
REO Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK
TOTAL
Page 13 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
TOTAL
Page 14 of 26
Fremont Home Loan Trust 2004- 2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
											Group 2		Group 1		Total
Current
Number of Paid in Full Loans										15		63		78
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										15		63		78
Curtailments Amount										17,775.38		20,831.57		38,606.95
Paid in Full Balance										4,799,098.10		11,509,663.39		16,308,761.49
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										4,816,873.48		11,530,494.96		16,347,368.44
Cumulative
Number of Paid in Full Loans										15		63		78
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										15		63	78
Paid in Full Balance										4,799,098.10		11,509,663.39		16,308,761.49
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										17,775.38		20,831.57		3 8,606.95
Total Prepayment Amount										4,816,873.48		11,530,494.96		16,347,368.44
Page 15 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
VOLUNTARY PREPAYMENTS RATES
											Group 2		Group 1		Total
SMM										1.58%		1.83%		1.75%
3 Months Avg SMM										1.58%		1.83%		1.75%
12 Months Avg SMM										1.58%		1.83%		1.75%
Avg SMM Since Cut-off										1.58%		1.83%		1.75%
CPR										17.39%		19.92%		19.10%
3 Months Avg CPR										17.39%		19.92%		19.10%
12 Months Avg CPR										17.39%		19.92%		19.10%
Avg CPR Since Cut-off										17.39%		19.92%		19.10%
PSA										2,037.51%		2,325.92%		2,232.86%
3 Months Avg PSA Approximation					2,037.51%		2,325.92%		2,232.86%
12 Months Avg PSA Approximation										2,037.51%		2,325.92%		2,232.86%
Avg PSA Since Cut-off Approximation										2,037.51%		2,325.92%		2,232.86%
Page 16 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
PREPAYMENT CALCULATION METHODOLOGY
	Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases +Liquidations)/(Beg Principal Balance - Sched Principal)
	Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
	PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))
	Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)*(1-SMMn+1)*...*(1-SMMm)]^(1/months in period n,m)
	Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
	Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))
	Average WASn,m: (m in(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)
	Weighted Average Seasoning (WAS)
	Note: Prepayment rates are calculated since deal issue date and includ e partial and full voluntary prepayments, liquidations, and repurchases.
	Dates correspond to distribution dates.
Page 17 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
1000157114 1			308,000.00		306,376.63			30-Sep-2004		5.750%		CA - 80.00%		Paid Off - 360		05/01/2004
1000157696 1			250,000.00		249,088.03			30-Sep-2004		7.650%		CA - 63.29%		Paid Off - 360		05/01/2004
1000158184 1			55,600.00		55,262.06			30-Sep-2004		10.750%		CA - 100.00%		Paid Off - 240		05/01/2004
1000158621 2			33,500.00		33,296.35			30-Sep-2004		10.750%		NV - 100.00%		Paid Off - 240		05/01/2004
1000159277 1			195,000.00		194,108.96			30-Sep-2004		6.500%		CA - 100.00%		Paid Off - - 360		05/01/2004
1000160075 2			269,550.00		268,376.46			30-Sep-2004		6.750%		CA - 90.00%		Paid Off - 360		05/01/2004
1000161522 1			251,250.00		250,670.07			30-Sep-2004		7.350%		CA - 75.00%		Paid Off - 360		07/01/2004
1000161970 1			333,000.00		331,322.62			30-Sep-2004		5.990%		CA - 90.00%		Paid Off - 360		05/01/2004
1000162911 1			188,000.00		187,115.53			30-Sep-2004		5.150%		CA - 67.14%		Paid Off - 360		06/01/2004
1000163287 2			437,500.00		435,682.28			30-Sep-2004		6.990%		VA - 84.95%		Paid Off - 360		05/01/2004
1000165084 1			224,000.00		223,273.48			30-Sep-2004		7.100%		CA - 80.00%		Paid Off - 360		06/01/2004
1000165316 1			82,320.00		82,082.15			30-Sep-2004		6.200%		WV - 80.00%		Paid Off - 360		07/01/2004
1000165347 1			135,000.00		134,678.97			30-Sep-2004		7.200%		MI - 90.00%		Paid Off - 360		07/01/2004
1000165458 1			288,692.00		287,282.88			30-Sep-2004		4.950%		CA - 80.00%		Paid Off - 360		06/01/2004
1000167284 1			120,000.00		119,560.97			30-Sep-2004		6.500%		CA - 57.14%		Paid Off - 360		06/01/2004
1000169587 1			124,900.00		124,603.00			30-Sep-2004		7.200%		CA - 48.22%		Paid Off - 360		07/01/2004
1000170287 1			172,500.00		172,146.89			30-Sep-2004		7.950%		CA - 75.00%		Paid Off - 360		07/01/2004
1000170513 1			238,050.00		237,431.66			30-Sep-2004		6.750%		NV - 90.00%		Paid Off - 360		07/01/2004
1000170525 1			322,300.00		321,377.78			30-Sep-2004		6.250%		CA - 74.95%		Paid Off - 360		07/01/2004
1000170622 1			150,300.00		149,976.48			30-Sep-2004		7.700%		CA - 90.00%		Paid Off - 360		07/01/2004
1000171034 1			130,500.00		130,248.62			30-Sep-2004		8.250%		AZ - 90.00%		Paid Off - 360		07/01/2004
1000171070 1			182,000.00		181,630.43			30-Sep-2004		7.990%		CA - 70.00%		Paid Off - 360		07/01/2004
1000171093 1			176,250.00		175,885.55			30-Sep-2004		7.900%		CA - 75.00%		Paid Off - 360		07/01/2004
1000171105 2			204,087.00		203,525.09			30-Sep-2004		6.450%		CA - 80.00%	Paid Off - 360		07/01/2004
1000171171 1			140,000.00		139,673.63			30-Sep-2004		7.300%		CA - 68.29%		Paid Off - 360		07/01/2004
1000171189 1			131,750.00		131,390.25			30-Sep-2004		6.500 %		CA - 85.00%		Paid Off - 360		07/01/2004
1000171245 1			114,000.00		113,747.10			30-Sep-2004		7.550%		PA - 95.00%		Paid Off - 360		07/01/2004
1000171494 1			255,948.00		255,308.66			30-Sep-2004		6.950%		CA - 66.48%		Paid Off - 360		07/01/2004
1000171639 2			443,920.00		442,755.62			30-Sep-2004		6.700%		CA - 80.00%		Paid Off - 360		07/01/2004
1000172384 1			236,300.00		235,844.82			30-Sep-2004		8.250%		MD - 85.00%		Paid Off - 360		07/01/2004
1000173942 1			300,600.00		300,599.99			30-Sep-2004		6.250%		CA - 89.87%		Paid Off - 360		07/01/2004
1000174103 2			467,492.00		466,391.31			30-Sep-2004		7.250%		CA - 85.00%		Paid Off - 360		07/01/2004
1000174343 1			304,000.00		303,352.13			30-Sep-2004		7.750%		CA - 80.00%		Paid Off - 360		07/01/2004
1000175025 1			288,000.00		287,380.05			30-Sep-2004		7.700%	CA - 80.00%		Paid Off - 360		07/01/2004
5000088932 2			91,000.00		90,481.06			30-Sep-2004		12.650%		MN - 100.00%		Paid Off - 240		04/01/2004
5000089564 1			81,000.00		80,622.23			30-Sep-2004		12.750%		IL - 100.00%		Paid Off - 240		05/01/2004
5000094735 1			150,000.00		149,578.95			30-Sep-2004		6.350%		IL - 88.76%		Paid Off - 360		07/01/2004
Page 18 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
5000094817 1			175,500.00		174,978.23			30-Sep-2004		6.050%		WV - 90.00%		Paid Off - 360		07/01/2004
5000096454 1			159,300.00		158,820.92			30-Sep-2004		5.990%		WI - 90.00%		Paid Off - 360		07/01/2004
5000096696 1			212,500.00		211,837.47			30-Sep-2004		5.800%		NJ - 85.00%		Paid Off - 360		07/01/2004
5000096798 1			272,000.00		271,272.75			30-Sep-2004		6.650%		IL - 80.00%		Paid Off - 360		07/01/2004
5000097178 2			162,000.00		162,000.00			30-Sep-2004		6.100%		MN - 90.00%		Paid Off - 360		06/01/2004
5000097458 2			546,000.00		544,688.81			30-Sep-2004		7.150%		IL - 70.00%		Paid Off - 360		07/01/2004
5000099294 1			100,800.00		100,619.25			30-Sep-2004		8.600%		IL - 80.00%		Paid Off - 360		07/01/2004
5000099337 1			212,000.00		211,603.94			30-Sep-2004		8.400%		IL - 80.00%		Paid Off - 360		07/01/2004
6000090235 1			178,000.00		175,894.11			30-Sep-2004		9.000%		NC - 80.00%		Paid Off - 360		04/01/2004
60 00092958 1			225,000.00		224,442.39			30-Sep-2004		6.990%		FL - 90.00%		Paid Off - 360		07/01/2004
6000094265 1			225,000.00		224,562.17			30-Sep-2004		8.200%		VA - 75.00%		Paid Off - 360		07/01/2004
6000094717 1			204,000.00		203,529.09			30-Sep-2004		7.350%		FL - 80.00%		Paid Off - 360		07/01/2004
6000097220 2			69,750.00		69,642.93			30-Sep-2004		9.350%		FL - 75.00%		Paid Off - 360		07/01/2004
6000097709 2			62,400.00		62,279.78			30-Sep-2004		8.250%		TN - 65.00%		Paid Off - 360		07/01/2004
6000098239 1			294,764.00		294,166.67			30-Sep-2004		8.000%		MD - 80.00%		Paid Off - 360		07/01/2004
6000098604 1			99,000.00		98,831.38			30-Sep-2004		8.850%		NC - 90.00%		Paid Off - 360		07/01/2004
6000098782 1			45,320.00		45,146.04			30-Sep-2004		12.500%		SC - 100.00%		Paid Off - 240		06/01/2004
6000099277 1			224,000.00		223,423.78			30-Sep-2004		6.800%		IL - 80.00%		Paid Off - 360		07/01/2004
6000099458 1			180,800.00		180,432.88			30-Sep-2004		7.990%		NY - 89.77%		Paid Off - 360		07/01/2004
6000099487 1			80,800.00		80,598.16			30-Sep-2004		6.950%		MO - 80.00%		Paid Off - 360		07/01/2004
6000099686 1			92,700.00		92,456.83			30-Sep-2004		6.700%		NC - 90.00%		Paid Off - 360		07/0 1/2004
6000101631 2			100,000.00		99,857.38			30-Sep-2004		9.700%		FL - 73.53%		Paid Off - 360		07/01/2004
7000094293 1			33,000.00		32,709.06			30-Sep-2004		9.300%		CA - 100.00%		Paid Off - 240		04/01/2004
7000097328 1			229,160.00		227,980.30			30-Sep-2004		5.875%		WA - 80.00%		Paid Off - 360		05/01/2004
7000099073 1			130,000.00		129,800.46			30-Sep-2004		9.350%		CA - 100.00%		Paid Off - 360		07/01/2004
7000100731 1			15,650.00		15,485.90			30-Sep-2004		10.999%		NV - 95.00%		Paid Off - 180		06/01/2004
7000101473 2			1,000,000.00		999,708.33			30-Sep-2004		6.250%		CA - 71.43%		Paid Off - 360		07/01/2004
7000102311 1			188,000.00		187,655.90			30-Sep-2004		8.500%		CA - 80.00%		Paid Off - 360		07/01/2004
7000102546 1			184,000.00		183,531.29			30-Sep-2004		6.850%		CA - 80.00%		Paid Off - 360		07/01/2004
7000103552 1			277,200.00		276,547.32			30-Sep-2004		7.250%		WA - 90.00%		Paid Off - 360		07/01/2004
7000103587 1			191,250.00		190,762.82			30-Sep-2004		6.850%		CA - 75.00%		Paid Off - 360		07/01/2004
7000103999 1			189,000.00		188,694.36			30-Sep-2004		9.100%		CA - 65.85%		Pai d Off - 360		07/01/2004
7000104445 2			472,500.00		471,147.99			30-Sep-2004		6.250%		CA - 90.00%		Paid Off - 360		07/01/2004
7000104904 2			450,000.00		449,264.71			30-Sep-2004		9.050%		CA - 100.00%		Paid Off - 360		07/01/2004
7000105694 1			265,000.00		264,484.34			30-Sep-2004		8.200%		CA - 66.25%		Paid Off - 360		07/01/2004
8000005748 1			58,200.00		57,868.11			30-Sep-2004		12.650%		NY - 100.00%		Paid Off - 240		04/01/2004
8000008635 1			135,000.00		134,847.80			30-Sep-2004		10.800%		NY - 54.00%		Paid Off - 360		07/01/2004
8000010692 1			212,500.00		212,113.05			30-Sep-2004		8.525%		NJ - 59.03%		Paid Off - 360		07/01/2004
Page 19 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
8000011452 1			160,000.00		159,537.74			30-Sep-2004		6.200%		MA - 72.73%		Paid Off - 360		07/01/2004
8000011898 1			260,000.00		259,596.72			30-Sep-2004	9.300%		NY - 57.78%		Paid Off - 360		07/01/2004
8000013083 1			104,000.00		103,811.59			30-Sep-2004		8.550%		ME - 80.00%		Paid Off - 360		07/01/2004
TOTAL			16,352,403.00		16,308,761.49
Page 20 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
											Group 2		Group 1		Total
Current
Number of Loans Liquidated										0		0		0
Collateral Principal Realized Loss/(Gain) Amount										0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Cumulative
Number of Loans Liquidated										0		0		0
Collateral Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Page 21 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
DEFAULT SPEEDS
											Group 2		Group 1		Total
MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.00%		0.00%		0.00%
12 Months Avg MDR										0.00%		0.00%		0.00%
Avg MDR Since Cut-off										0.00%		0.00%		0.00%
CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.00%		0.00%		0.00%
12 Months Avg CDR										0.00%		0.00%		0.00%
Avg CDR Since Cut-off										0.00%		0.00%		0.00%
SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.00%		0.00%		0.00%
12 Months Avg SDA Approximation										0.00%		0.00%		0.00%
Avg SDA Since Cut-off Approximation										0.00%		0.00%		0.00%
Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off										0.00%		0.00%		0.00%
Page 22 of 26																	&n bsp;
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
	Conditional Default Rate (CDR): 1-((1-MDR)^12)
	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for curre nt period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.
Page 23 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Realized Loss Detail Report
Loan Number			Original		Prior				Current		State &
														First
&			Principal		Principal		Realized		Note		LTV at		Original		Payment
Loan Group			Balance		Bal ance		Loss/(Gain)		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK
TOTAL
Page 24 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
										Group 2		Group 1		Total
Has Stepdown Condition occurred (0 = No, 1=Yes)														0
Does a Trigger Event Exist-Either a) or b) Yes?														0
a) Does a Delinquency Trigger Event Exists (0=No,1=Yes)														0
b) Does a Loss Trigger Event Exists (0=No,1=Yes)														0
60+ days Delinqueny Balance														0.00
Ending Collateral Balance														917,297,031.41
Delinquency Percentage														0.0000%
Senior Enhancement Percentage														19.300080%
Cumulati ve Loss Percentage														0.0000%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
SPACE INTENTIONALLY LEFT BLANK
Page 25 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS
			I-A1										$0.00		$0.00
			II-A1										$0.00		$0.00
			II-A2										$0.00		$0.00
			II-A3										$0.00		$0.00
			M-1										$0.00		$0.00
			M-2										$0.00		$0.00
			M-3										$0.00		$0.00
			M-4										$0.00		$0.00
			M-5										$0.00		$0.00
			M-6										$0.00		$0.00
			M-7										$0.00		$0.00
			M-8										$0.00		$0.00
			M-9										$0.00		#######
			B-1										$0.00		#######
			B-2										$0.00		#######
Page 26 of 26