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):  November 26, 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
     November 26, 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:  Nov 29, 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 November 26, 2004.










			

Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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:	November 26, 2004
										Factor Information:			(800) 735-7777
				Record Date:			October 29, 2004
										Main Phone Number:			(714) 247-6000
							November 24, 2004
										https://www.tss.db.com/invr
Page 1 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Valu e		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		495,669,577.99		1,005,658.50		13,033,260.83		14,038,919.33		0.00		0.00		482,636,317.16
II-A1	SNR	$	105,000,000.00		99,983,071.00		185,079.77		5,648,475.24		5,833,555.01		0.00		0.00		94,334,595.76
II-A2	SNR	$	118,000,000.00		118,000,000.00		236,262.22		0.00		236,262.22		0.00		0.00		118,000,000.00
II-A3	SNR	$	23,322,000.00		23,322,000.00		50,427.35		0.00		50,427.35		0.00		0.00		23,322,000.00
M-1	MEZ	$	26,161,000.00		26,161,000.00		58,193.69		0.00		58,193.69		0.00		0.00		26,161,000.00
M-2	MEZ	$	29,431,000.00		29,431,000.00		66,775.67		0.00		66,775.67		0.00		0.00		29,431,000.00
M-3	MEZ	$	15,883,000.00		15,883,000.00		36,460.31		0.00		36,460.31		0.00		0.00		15,883,000.00
M-4	MEZ	$	16,350,000.00		16,350,000.00		44,072.33		0.00		44,072.33		0.00		0.00		16,350,000.00
M-5	MEZ	$	16,350,000.00		16,350,000.00		44,799.00		0.00		44,799.00		0.00		0.00		16,350,000.00
M-6	MEZ	$	14,015,000.00		14,015,000.00		40,892.66		0.00		40,892.66		0.00		0.00		14,015,000.00
M-7	MEZ	$	11,679,000.00		11,679,000.00		38,748.33		0.00		38,748.33		0.00		0.00		11,679,000.00
M-8	MEZ	$	9,343,000.00		9,343,000.00		31,828.49		0.00		31,828.49		0.00		0.00		9,343,000.00
M-9	MEZ	$	12,613,000.00		12,613,000.00		58,103.89		0.00		58,103.89		0.00		0.00		12,613,000.00
B-1	SUB	$	10,745,000.00		10,745,000.00		51,886.41		0.00		51,886.41		0.00		0.00		10,745,000.00
B-2	SUB	$	4,672,000.00		4,672,000.00		22,560.57		0.00		22,560.57		0.00		0.00		4,672,000.00
C	SUB, EXE	$	13,079,787.25		13,080,282.42		2,925,145.72		0.00		2,925,145.72		0.00		0.00		13,080,282.42
P	EXE	$	100.00		100.00		169,692.24		0.00		169,692.24		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		917,297,031.41		5,066,587.15		18,681,736.07		23,748,323.22		0.00		0.00		898,615,295.34
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	10/25/04		11/25/04		A-Act/360		35729PDZ0		507,662,000.00		976.377152		1.980961		25.673107		27.654068		950.704046
II-A1	10/25/04		11/25/04		A-Act/360		35729PEA4		105,000,000.00		952.219724		1.762664		53.795002		55.557667		898.424722
II-A2	10/25/04		11/25/04		A-Act/360		35729PEB2		118,000,000.00		1,000.000000		2.002222		0.000000		2.002222		1,000.000000
II-A3	10/25/04		11/25/04		A-Act/360		35729PEC0		23,322,000.00		1,000.000000		2.162222		0.000000		2.162222		1,000.000000
M-1	10/25/04		11/25/04		A-Act/360		35729PED8		26,161,000.00		1,000.000000		2.224444		0.000000		2.224444		1,000.000000
M-2	10/25/04		11/25/04		A-Act/360		35729PEE6		29,431,000.00		1,000.000000		2.268889		0.000000		2.268889		1,000.000000
M-3	10/25/04		11/25/04		A-Act/360		35729PEF3		15,883,000.00		1,000.000000		2.295556		0.000000		2.295556		1,000.000000
M-4	10/25/04		11/25/04		A-Act/360		35729PEG1		16,350,000.00		1,000.000000		2.695555		0.000000		2.695555		1,000.000000
M-5	10/25/04		11/25/04		A-Act/360		35729PEH9		16,350,000.00		1,000.000000		2.740000		0.000000		2.740000		1,000.0 00000
M-6	10/25/04		11/25/04		A-Act/360		35729PEJ5		14,015,000.00		1,000.000000		2.917778		0.000000		2.917778		1,000.000000
M-7	10/25/04		11/25/04		A-Act/360		35729PEK2		11,679,000.00		1,000.000000		3.317778		0.000000		3.317778		1,000.000000
M-8	10/25/04		11/25/04		A-Act/360		35729PEL0		9,343,000.00		1,000.000000		3.406667		0.000000	3.406667		1,000.000000
M-9	10/25/04		11/25/04		A-Act/360		35729PEM8		12,613,000.00		1,000.000000		4.606667		0.000000		4.606667		1,000.000000
B-1	10/25/04		11/25/04		A-Act/360		35729PEN6		10,745,000.00		1,000.000000		4.828889		0.000000		4.828889		1,000.000000
B-2	10/25/04		11/25/04		A-Act/360		35729PFF2		4,672,000.00		1,000.000000		4.828889		0.000000		4.828889		1,000.000000
C	10/25/04		11/24/04				13,079,787.25		1,000.037858		223.638631		0.000000		223.638631		1,000.037858
P	10/25/04		11/24/04				100.00		1,000.000000		1,696,922.400000		0.000000		1,696,922.400000		1,000.000000
R	10/25/04		11/24/04				0.00		0.000000		0.000000		0.000000		0.000000		0.000000
Page 2 of 26
Fremont Home Loan Trust 2004-2
Asset Ba cked Certificates
2004-2
November 26, 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		2,331,925.48		2 4,105,066.07		920,616.77		25,025,682.84		27,357,608.32		0.00		0.00		482,636,317.16
II-A1	105,000,000.00		433,142.27		10,273,436.96		391,967.28		10,665,404.24		11,098,546.51		0.00		0.00		94,334,595.76
II-A2	118,000,000.00		540,112.22		0.00		0.00		0.00		540,112.22		0.00		0.00		118,000,000.00
II-A3	23,322,000.00		115,728.95		0.00		0.00		0.00		115,728.95		0.00		0.00		23,322,000.00
M-1	26,161,000.00		133,733.58		0.00		0.00		0.00		133,733.58		0.00		0.00		26,161,000.00
M-2	29,431,000.00		153,597.12		0. 00		0.00		0.00		153,597.12		0.00		0.00		29,431,000.00
M-3	15,883,000.00		83,910.77		0.00		0.00		0.00		83,910.77		0.00		0.00		15,883,000.00
M-4	16,350,000.00		102,114.83		0.00		0.00		0.00		102,114.83		0.00		0.00		16,350,000.00
M-5	16,350,000.00		103,863.38		0.00		0.00		0.00		103,863.38		0.00		0.00		16,350,000.00
M-6	14,015,000.00		95,025.60		0.00		0.00		0.00		95,025.60		0.00		0.00		14,015,000.00
M-7	11,679,000.00		90,427.91		0.00		0.00		0.00		90,427.91		0.00		0.00		11,679,000.00
M-8	9,343,000.00		74,339.14		0.00		0.00		0.00		74,339.14		0.00		0.00		9,343,000.00
M-9	12,613,000.00		136,777.48		0.00		0.00		0.00		136,777.48		0.00		0.00		12,613,000.00
B-1	10,745,000.00		122,266.16		0.00		0.00		0.00	122,266.16		0.00		0.00		10,745,000.00
B-2	4,672,000.00		53,162.17		0.00		0.00		0.00		53,162.17		0.00		0.00		4,672,000.00
C	13,079,787.25		5,320,010.72		0.00		0.00		0.00		5,320,010.72		0.00		495.17		13,080,282.42
P	100.00		321,977.73		0.00		0.00		0.00		321,977.73		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		10,212,115.51		34,378,503.03		1,312,584.05		35,691,087.08		45,903,202.59		0.00		495.17		898,615,295.34
Interest Detail -
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Through		(with Notional)		Accrued		Sup ported		Unpaid		Interest		Optimal		Deferred		Unpaid
Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
I-A1	2.28250%		4 95,669,577.99		1,005,658.50		0.00		0.00		0.00		1,005,658.50		1,005,658.50		0.00
II-A1	2.08250%		99,9 83,071.00		185,079.77		0.00		0.00		0.00		185,079.77		185,079.77		0.00
II-A2	2.25250%		118,000,000.00		236,262.22		0.00		0.00		0.00		236,262.22		236,262.22		0.00
II-A3	2.43250%		23,322,000.00		50,427.35		0.00		0.00		0.00		50,427.35		50,427.35		0.00
M-1	2.50250%		26,161,000.00		58,193.69		0.00		0.00		0.00		58,193.69		58,193.69		0.00
M-2	2.55250%		29,431,000.00		66,775.67		0.00		0.00		0.00		66,775.67		66,775.67		0.00
M-3	2.58250%		15,883,000.00		36,460.31		0.00		0.00		0.00		36,460.31		36,460.31		0.00
M-4	3.03250%		16,350,000.00		44,072.33		0.00		0.00		0.00		44,072.33		44,072.33		0.00
M-5	3.08250%		16,350,000.00		44,799.00		0.00		0.00		0.00		44,799.00		44,799.00		0.00
M-6	3.28250%		14,015,000.00		40,892.66		0.00		0.00		0.00		40,892.66		40,892.66		0.00
M-7	3.73250%		11,679,000.00		38,748.33		0.00		0.00		0.00		38,748.33		38,748.33		0.00
M-8	3.83250%		9,343,000.00		31,828.49		0.00		0.00		0.00		31,828.49		31,828.49		0.00
M-9	5.18250%		12,613,000.00		58,103.89		0.00		0.00		0.00		58,103.89		58,103.89		0.00
B-1	5.43250%		10,745,000.00		51,886.41		0.00		0.00		0.00		51,886.41		51,886.41		0.00
B-2	5.43250%		4,672,000.00		22,560.57		0.00		0.00		0.00		22,560.57		22,560.57		0.00
C	268.35620%		13,080,282.42		2,925,642.35		496.63		0.00		0.00		2,925,145.72		2,925,145.72		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		169,692.24		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			917,297,031.41		4,897,391.54		496.63		0.00		0.00		4,896,894.91		5,066,587.15		0.00
Page 3 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
Collection Account Report
SUMMARY
										Group 2		Group 1		Total
Principal Collections										5,648,475.24		13,033,260.83		18,681,736.07
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										5,648,475.24		13,033,260.83		18,681,736.07
Interest Collections										1,601,274.94		3,319,404.42		4,920,679.36
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		169,692.24
Interest Fees										-7,612.71		-16,171.75		-23,784.45
TOTAL NET INTEREST										1,593,662.23		3,303,232.67		5,066,587.15
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										7,242,137.47		16,336,493.50		23,748,323.22
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											196,894.95		454,182.44		651,077.39
Curtailments											8,871.41		25,468.72		34,340.13
Prepayments In Full											5,352,991.11		11,474,406.15		16,827,397.26
Repurchased/Substitutions											89,717.77		1,079,203.52		1,168,921.29
Liquidations											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-189,090.01		-436,267.12		-625,357.13
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											189,090.01		436,267.12		625,357.13
TOTAL PRINCIPAL COLLECTED											5,648,475.24		13,033,260.83		18,681,736.07
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
November 26, 2004 Distribution
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										1,718,799.49		#######		5,274,808.09
Repurchased/Substitution Interest										628.02		6,226.44		6,854.46
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-18,492.08		-30,003.75		-48,495.83
Delinquent Interest										-1,619,739.96		-3,355,008.97		-4,974,748.94
Compensating Interest										18,492.08		30,003.75		48,495.83
Civil Relief Act Shortfa lls										-0.00		-496.63		-496.63
Interest Advanced										1,501,587.39		3,112,674.99		4,614,262.38
TOTAL INTEREST COLLECTED										1,601,274.94		3,319,404.42		4,920,679.36
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														169,692.24
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		169,692.24
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										6,937.22		14,783.32		21,720.54
Trustee Fees										675.48		1,388.43		2,063.91
TOTAL INTEREST FEES										7,612.71		16,171.75		23,784.45
Page 5 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
No vember 26, 2004 Distribution
Credit Enhancement Report
ACCOUNTS
Net WAC Rate Carryover Reserve Account
Amount Deposited in the Account						0.00
Begining Balance						0.00
Amount Withdrawn						0.00
Ending Balance						0.00
INSURANCE
SPACE INT ENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralization Amount														13,080,282.42
Overcollateralization Target Amount														13,080,282.42
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														0.00
Page 6 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
Collateral Report
COLLATERAL
											Group 2		Group 1		Total
Loan Count:
Original										1,471		3,569		5,040
Prior										1,456		3,506		4,962
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-27		-56		-83
Repurchases										-1		-6		-7
Liquidations										-0		-0		-0
Current										1,428		3,444		4,872
Principal Balance:
Original										305,232,286.81		629,073,600.44		934,305,887.25
Prior										300,215,503.86		617,081,527.55		917,297,031.41
Prefu nding										0.00		0.00		0.00
Scheduled Principal										-196,894.95		-454,182.44		-651,077.39
Partial Prepayments										-8,871.41		-25,468.72		-34,340.13
Full Voluntary Prepayments										-5,352,991.11		-11,474,406.15		-16,827,397.26
Repurchases										-89,717.77		-1,079,203.52		-1,168,921.29
Liquidations										-0.00		-0.00		-0.00
Current										294,567,028.62		604,048,266.72		898,615,295.34
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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										6.87277%		6.92726%		6.90943%
Weighted Average Months to Maturity Original										347		352		350
Weighted Average Months to Maturity Prior										347		352		350
Weighted Average Months to Maturity Current										346		351		349
Weighted Avg Remaining Amortization Term Original										347		352		350
Weighted Avg Remaining Amortization Term Prior										347		352		350
Wei ghted Avg Remaining Amortization Term Current										346		351		349
Weighted Average Seasoning Original										4.27		4.28		4.28
Weighted Average Seasoning Prior										4.27		4.28		4.28
Weighted Average Seasoning Current										5.27		5.28		5.28
Page 8 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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										6.73414%		6.84250%		6.80773%
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										13.45492%		13.83900%		13.71577%
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										6.46004%		6.84290%		6.72007%
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										6,937.22		14,783.32		21,720.54
Delinquent Servicing Fees										118,152.57		242,333.98		360,486.56
TOTAL SERVICING FEES										125,089.80		257,117.31		382,207.11
Total Servicing Fees										125,089.80		257,117.31		382,207.11
Compensating Interest										-18,492.08		-30,003.75		-48,495.83
Delinquent Servicing Fees										-118,152.57		-242,333.98		-360,486.56
COLLECTED SERVICING FEES										-11,554.86		-15,220.42		-26,775.27
Total Advaced Interest										1,501,587.39		3,11 2,674.99		4,614,262.38
Total Advaced Principal										189,090.01		436,267.12		625,357.13
Aggregate Advances with respect to this Distribu tion										501,304.06		833,272.69		1,334,576.75
ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										18,492.08		30,003.75		48,495.83
Compensating Interest										-18,492.08		-30,003.75		-48,495.83
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00
Weighted Average Net Mortgage Rate														6.628715%
Libor For Current Period														1.9325%
Libor For Next Period														2.1800%
Page 9 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQU ENT		Balance				9,009,046.09		1,731,163.51		0.00		10,740,209.60
			% Balance				1.00%		0.19%		0.00%		1.20%
			# Loans				47		8		0		5 5
			% # Loans				0.96%		0.16%		0.00%		1.13%
	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		9,009,046.09		1,731,163.51		0.00		10,740,209.60
			% Balance		0.00%		1.00%		0.19%		0.00%		1.20%
			# Loans		0		47		8		0		55
			% # Loans		0.00%		0.96%		0.16%		0.00%		1.13%
Page 10 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				5,283,413.10		1,596,658.59		0.00		6,880,071.69
			% Balance				0.87%		0.26%		0.00%		1.14%
			# Loans				35		6		0		41
			% # Loans				1.02%		0.17%		0.00%		1.19%
	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		5,283,413.10		1,596,658.59		0.00		6,880,071.69
			% Balance		0.00%		0.87%		0.26%		0.00%		1.14%
			# Loans		0		35		6		0		41
			% # Loans		0.00%		1.02%		0.17%		0.00%		1.19%
Page 11 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,725,632.99		134,504.92		0.00		3,860,137.91
			% Balance				1.26%		0.05%		0.00%		1.31%
			# Loans				12		2		0		14
			% # Loans				0.84%		0.14%		0.00%		0.98%
	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		3,725,632.99		134,504.92		0.00		3,860,137.91
			% Balance		0.00%		1.26%		0.05%		0.00%		1.31%
			# Loans		0		12		2		0		14
			% # Loans		0.00%		0.84%		0.14%		0.00%		0.98%
Page 12 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
																	;
November 26, 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 Ho me Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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
November 26, 2004 Distribution
Prepayment Report																	&n bsp;
VOLUNTARY PREPAYMENTS
											Group 2		Group 1		Total
Current
Number of Paid in Full Loans										27		56		83
Number of Repurchased Loans										1		6		7
Total Number of Loans Prepaid in Full										28		62		90
Curtailments Amount										8,871.41		25,468.72		34,340.13
Paid in Full Balance										5,352,991.11		11,474,406.15		16,827,397.26
Repurchased Loans Balance										89,717.77		1,079,203.52		1,168,921.29
Total Prepayment Amount										5,451,580.29		12,579,078.39		18,030,658.68
Cumulative
Number of Paid in Full Loans										42		119		161
Number of Repurchased Loans										1		6		7
Total Number of Loans Prepaid in Full										43		125		168
Paid in Full Balance										10,152,089.21		22,984,069.54		33,136,158.75
Repurchased Loans Balance										89,717.77		1,079,203.52		1,168,921.29
Curtailments Amount										26,646.79		46,300.29		72,947.08
Total Prepayment Amount										10,268,453.77		24,109,573.35		34,378,027.12
Page 15 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
VOLUNTARY PREPAYMENTS RATES
											Group 2		Group 1		Total
SMM										1.82%		2.04%		1.97%
3 Months Avg SMM										1.70%		1.94%		1.86%
12 Months Avg SMM										1.70%		1.94%		1.86%
Avg SMM Since Cut-off										1.70%		1.94%		1.86%
CPR										19.75%		21.91%		21.21%
3 Months Avg CPR										18.58%		20.92%		20.16%
12 Months Avg CPR										18.58%		20.92%		20.16%
Avg CPR Since Cut-off										18.58%		20.92%		20.16%
PSA										1,875.34%		2,074.03%		2,009.70%
3 Months Avg PSA Approximation										1,948.82%		2,187.46%		2,110.33%
12 Months Avg PSA Approxim ation										1,948.82%		2,187.46%		2,110.33%
Avg PSA Since Cut-off Approximation										1,948.82%		2,187.46%		2,110.33%
Page 16 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
PREPAYMENT CALCULATION METHODOLOGY
	Single Monthly Mortality (SMM): (Vol untary 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: A vgCPRn,m/(0.002*Avg WASn,m))
	Average WASn,m: (min(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 include 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
November 26, 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
1000153066 2			30,000.00		29,778.15			14-Oct-2004		12.000%		NV - 100.00%		Paid Off - 240		#######
1000153087 2			39,600.00		39,236.78			04-Oct-2004		10.250%		CA - 100.00%		Paid Off - 240		04/01/2004
1000153784 2			35,980.00		35,734.44			25-Oct-2004		12.500%		CA - 100.00%		Paid Off - 240		04/01/2004
1000156983 1			188,000.00		186,915.66			27-Oct-2004		6.250%		MI - 81.77%		Paid Off - 360		05/01/2004
1000157551 2			85,598.00		84,846.29			20-Oct-2004		11.000%		CA - 100.00%		Paid Off - 240		04/01/2004
1000157736 1			175,000.00		172,446.22			18-Oct-2004		6.450%		CA - 61.19%		Paid Off - 240		04/01/2004
1000158863 1			105,000.00		104,339.81			26-Oct-2004		7.150%		CA - 31.82%		Paid Off - 360		05/01/2004
1000159055 2			82,800.00		82,429.16			29-Oct-2004		7.550%		OK - 90.00%		Paid Off - 360		05/01/2004
1000167281 1			269,500.00		268,436.87			29-Oc t-2004		6.250%		CA - 51.83%		Paid Off - 360		07/01/2004
1000167525 1			228,000.00		227,344.45			12-Oct-2004		7.800%		NV - 80.00%		Paid Off - 360		07/01/2004
1000167624 2			425,430.00		423,802.67			01-Oct-2004		6.250%		MD - 87.00%		Paid Off - 360		07/01/2004
1000167983 1			228,424.00		227,803.48			12-Oct-2004		7.990%		NV - 80.00%		Paid Off - 360		07/01/2004
1000167988 1			378,000.00		378,000.00			15-Oct-2004		5.700%		CA - 90.00%		Paid Off - 360		06/01/2004
1000168628 2			77,200.00		77,107.80			29-Oct-2004		11.875%		CA - 100.00%		Paid Off - 360		07/01/2004
1000168812 1			236,000.00		235,292.81			15-Oct-2004		7.500%		CA - 80.00%		Paid Off - 360		07/01/2004
1000169076 1			119,000.00		118,424.56			28-Oct-2004		6.250%		CA - 79.87%		Paid Off - 360		06/01/2004
1000169543 2			337,500.00		336,269.63			14-Oct-2004	6.500%		CA - 75.00%		Paid Off - 360		07/01/2004
1000170058 1			238,500.00		237,605.02			28-Oct-2004		6.350%		CA - 90.00%		Paid Off - 360		07/01/2004
1000170145 2			500,000.00		498,177.19			29-Oct-2004		6.500%		CA - 80.00%		Paid Off - 360		07/01/2004
1000170406 1			285,600.00		284,65 3.49			29-Oct-2004		6.990%		CA - 85.00%		Paid Off - 360		07/01/2004
1000170467 2			124,875.00		124,448.07			22-Oct-2004		7.500%		TN - 75.00%		Paid Off - 360		07/01/2004
1000171195 1			311,500.00		310,375.32			18-Oct-2004		6.550%		WI - 77.88%		Paid Off - 360		07/01/2004
1000171240 1			333,000.00		331,651.21			01-Oct-2004		5.950%		CA - 78.35%		Paid Off - 360		07/01/2004
1000172170 2			943,000.00		939,070.59			05-Oct-2004		5.800%		CA - 77.61%		Paid Off - 360		07/01/2004
1000172547 1			162,000.00		161,458.88			08-Oct-2004		6.950%		CA - 90.00%		Paid Off - 360		07/01/2004
1000172573 1			204,000.00		203,323.19			01-Oct-2004		6.990%		CA - 81.60%		Paid Off - 360		07/01/2004
1000172699 2			360,000.00		360,000.00			01-Oct-2004		6.800%		CA - 90.00%		Paid Off - 360		07/01/2004
1000173146 1			154,374.00		153,783.49		22-Oct-2004		6.250%		CA - 72.82%		Paid Off - 360		07/01/2004
1000173512 2			335,750.00		334,625.95			21-Oct-2004		6.940%		CA - 85.00%		Paid Off - 360		07/01/2004
1000173880 2			198,000.00		197,351.40			04-Oct-2004		7.050%		CA - 90.00%		Paid Off - 360		07/01/2004
1000174630 1			236,250.00		235,726.87			04-Oct-2004		8.990%		CA - 76.21%		Paid Off - 360		07/01/2004
1000174646 1			294,000.00		294,000.00			01-Oct-2004		5.625%		CA - 74.24%		Paid Off - 360		07/01/2004
1000175646 1			247,200.00		245,937.09			25-Oct-2004		4.700%		NV - 80.00%		Paid Off - 360		07/01/2004
5000084502 2			24,750.00		24,445.16			19-Oct-2004		11.999%		OH - 95.00%		Paid Off - 180		05/01/2004
5000093049 1			10,250.00		9,975.82			14-Oct-2004		11.999%		MN - 95.00%		Paid Off - 120		05/01/2004
5000094740 1			171,000.00		170,417.42			28-Oct-2004		7.990%		IL - 90.00%		Paid Off - 360		06/01/2004
5000096853 1			198,750.00		197,994.57			26-Oct-2004		6.550%		IL - 75.00%		Paid Off - 360		07/01/2004
Page 18 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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
5000097199 1			54,400.00		54,299.34			05-Oct-2004		9.850%		OH - 80.00%		Paid Off - 360		07/01/2004
5000097245 1			325,500.00		324,838.20			20-Oct-2004		9.400%		IL - 70.00%		Paid Off - 360		07/01/2004
5000098113 1			270,000.00		268,914.67			21-Oct-2004		5.990%		FL - 77.14%		Paid Off - 360		07/01/2004
5000098822 1			406,200.00		404,982.81			19-Oct-2004		7.500%		IL - 75.00%		Pai d Off - 360		07/01/2004
5000099327 1			308,800.00		307,961.16			20-Oct-2004		7.990%		OH - 80.00%		Paid Off - 360		07/01/2004
5000099491 1			63,900.00		63,704.72			22-Oct-2004		7.950%		MO - 90.00%		Paid Off - 360		07/01/2004
5000099669 1			131,250.00		130,977.48			08-Oct-2004		9.300%		OH - 75.00%		Paid Off - 360		07/01/2004
6000090927 2			9,500.00		9,198.54			04-Oct-2004		11.790%		VA - 95.00%		Paid Off - 120		04/01/2004
6000098766 2			163,200.00		162,706.07			18-Oct-2004		7.450%		MD - 80.00%		Paid Off - 360		07/01/2004
6000101340 1			228,000.00		227,051.73			21-Oct-2004		7.500%		GA - 79.72%		Paid Off - 360		07/01/2004
7000000914 2			400,000.00		398,258.52			12-Oct-2004		6.750%		CA - 83.33%		Paid Off - 360		06/01/2004
7000096400 1			199,900.00		198,290.12			19-Oct-2004		7.990%		NJ - 100.00%		Paid Off - 360		05/01/2004
7000096601 1			54,200.00		53,884.65			13-Oct-2004		12.500%		CA - 100.00%		Paid Off - 240		05/01/2004
7000096840 2			5,000.00		4,613.55			13-Oct-2004		11.990%		ID - 95.00%		Paid Off - 60		05/01/2004
7000097478 1			302,100.00		300,546.74			13-Oct-2004		6.850%		CA - 95.00%		Paid Off - 360		05/01/2004
7000098077 1			140,000.00		139,504.49			05-Oct-2004		7.800%		CA - 80.00%		Paid Off - 360		06/01/2004
7000098940 2			90,000.00		89,421.46			04-Oct-2004		11.750%		CA - 100.00%		Paid Off - 240		05/01/2004
7000100116 2			71,200.00		70,707.81			21-Oct-2004		9.750%		CA - 100.00%		Paid Off - 240		06/01/2004
7000100455 1			10,700.00		10,461.20			12-Oct-2004		11.999%		MD - 95.00%		Paid Off - 120		06/01/2004
7000101197 1			332,000.00		332,000.00			19-Oct-2004		5.700%		CA - 80.00%		Paid Off - 360		07/01/2004
7000101217 2			83,000.00		82,886.32			19-Oct-2004		11.250%		CA - 100.00%		Paid Off - 360		07/01/2004
7000101832 1			183,200.00		182,362.90			22-Oct-2004		6.500%		CA - 80.00%		Paid Off - 360		06/01/2004
7000101951 1			204,000.00		203,277.97			26-Oct-2004		7.800%		MD - 80.00%		Paid Off - 360		06/01/2004
7000102709 2			276,000.00		275,888.00			18-Oct-2004		5.600%		CA - 71.69%		Paid Off - 360		07/01/2004
7000102839 1			272,000.00		270,855.86			19-Oct-2004		5.750%		CA - 81.19%		Paid Off - 360		07/01/2004
7000102931 1			301,500.00		300,541.21			22-Oct-2004		7.200%		CA - 90.00%		Paid Off - 360		07/01/2004
7000102932 1			120,000.00		119,591.23			22-Oct-2004		6.850%		CA - 80.00%		Paid Off - 360		07/01/2004
7000103179 1			183,500.00		183,395.37			01-Oct-2004		5.700%		CA - 84.17%		Paid Off - 360		07/01/2004
7000103204 1			280,000.00		279,152.56			30-Oct-2004		7.450%		CA - 74.67%		Paid Off - 360		07/01/2004
7000103869 2			142,000.00		141,686.13			20-Oct-2004		8.999%		CA - 100.00%		Paid Off - 360		07/01/2004
7000103903 1			157,500.00		157,068.69			18-Oct-2004		7.950%		CA - 100.00%		Paid Off - 360		07/01/2004
7000104014 1			369,000.00		367,561.26			13-Oct-2004		6.150%		NJ - 90.00%		Paid Off - 360		07/01/2004
7000105338 2			80,000.00		79,896.00			04-Oct-2004		11.490%		CA - 96.67%		Paid Off - 360		07/01/2004
7000105964 2			67,990.00		67,913.13			01-Oct-2004		12.125%		CA - 100.00%		Paid Off - 360		07/01/2004
8000008416 1			10,400.00		10,175.86			04-Oct-2004		12.499%		CT - 95.00%		Paid Off - 120		06/01/2004
8000009086 1			225,000.00		224,160.53			2 6-Oct-2004		6.400%		NJ - 90.00%		Paid Off - 360		07/01/2004
8000009827 1			310,000.00		309,142.51			04-Oct-2004		7.900%		NY - 94.94%		Paid Off - 360		07/01/2004
8000010267 1			53,200.00		52,907.85			26-Oct-2004		11.525%		MA - 100.00%		Paid Off - 240		06/01/2004
Page 19 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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
8000010360 1			180,000.00		179,576.87			04-Oct-2004		8.700%		CT - 75.00%		Paid Off - 360		07/01/2004
8000010567 1			10,750.00		10,511.57			20-Oct-2004		11.999%		MA - 95.00%		Paid Off - 120		06/01/2004
8000010981 1			293,250.00		292,388.58			06-Oct-2004		7.600%		NJ - 75.00%		Paid Off - 360		07/01/2004
8000011179 2			383,000.00		382,492.30			15-Oct-2004		11.400%		NJ - 61.28%		Paid Off - 360		07/01/2004
8000011747 1			187,000.00		186,493.07			13-Oct-2004		8.000%		NY - 85.00%		Paid Off - 360		07/01/2004
8000011815 1			140,000.00		139,592.19			27-Oct-2004		10.350%		NJ - 59.57%		Paid Off - 360		07/01/2004
8000011835 1			276,000.00		275,189.26			14-Oct-2004		7.600%		NJ - 80.00%		Paid Off - 360		07/01/2004
80 00012737 1			157,500.00		157,137.27			28-Oct-2004		8.800%		NJ - 75.00%		Paid Off - 360		07/01/2004
5000097709 1			180,000.00		179,343.77			29-Oct-2004		6.500%		MA - 80.00%		Repur/Subs - 360		07/01/2004
6000094371 2			90,000.00		89,717.77			29-Oct-2004		8.400%		FL - 78.26%		Repur/Subs - 360		06/01/2004
6000096526 1			240,000.00		239,190.46			29-Oct-2004		6.900%		NJ - 80.00%		Repur/Subs - 360		07/01/2004
6000096899 1			76,000.00		75,648.79			29-Oct-2004		5.250%		SC - 80.00%		Repur/Subs - 360		07/01/2004
6000101220 1			418,000.00		416,665.87			29-Oct-2004		7.250%		NY - 95.00%		Repur/Subs - 360		07/01/2004
8000009030 1			19,875.00		18,372.27			29-Oct-2004		11.850%		NY - 95.00%		Repur/Subs - 60		05/01/2004
8000012485 1			150,500.00		149,982.36			29-Oct-2004		6.800%		NJ - 70.00%		Repur/Subs - 360		07/01/2004
TOTAL			18,059,846.00		17,996,318.55
Page 20 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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
November 26, 2004 Distribution
DEFAULT SPEEDS																	& nbsp;
											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 Mont hs 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
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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 current 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
November 26, 2004 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
TOTAL
Page 24 of 26
Fremont Home Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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														1,731,163.51
Ending Collateral Balance														898,615,295.34
Delinquency Percentage														0.1900%
Senior Enhancement Percentage														19.658003%
Cumulative 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
November 26, 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		$0.00
			B-1										$0.00		$0.00
			B-2										$0.00		$0.00
Page 26 of 26