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) September 23, 1999
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.)
ITEM 5. Other Events
On September 23, 1999 (the "Closing Date"), Fremont Home Loan
Trust 1999-3 (the "Trust") issued the Home Loan Asset Backed Certificates,
Series 1999-3, Class A-1, Class A-2 and Class B (the "Offered Certificates"),
having an aggregate original principal balance of $500,507,334. The Offered
Certificates were issued pursuant to a Pooling and Master Servicing Agreement,
dated as of September 1, 1999 (the "Pooling and Servicing Agreement"), among
PaineWebber Mortgage Acceptance Corporation IV, as depositor, Fremont Investment
& Loan, as transferor and master servicer, and The Bank of New York, as trustee.
The Home Loan Asset Backed Certificates, Series 1999-3, Class X and Class R
(together with the Offered Certificates, the "Certificates") were also issued
pursuant to the Pooling and Servicing Agreement. The Certificates represent, in
the aggregate, the entire beneficial ownership interest in a separate trust fund
(the "Trust Fund"), the property of which is, as of the Closing Date, primarily
comprised of two pools of fixed-rate and adjustable-rate home loans (the
"Initial Pool 1 Loans" and the "Initial Pool 2 Loans", and collectively, the
"Initial Loans") as described herein which are secured by first lien mortgages,
deeds of trust or other similar security instruments.
Interest on the Offered Certificates will be distributed on each
Distribution Date (as defined in the Pooling and Servicing Agreement). Monthly
payments in reduction of the principal balance of the Offered Certificates will
be allocated to the Offered Certificates in accordance with the priorities set
forth in the Pooling and Servicing Agreement.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(EX-4) Pooling and Master Servicing
Agreement, dated as of September 1,
1999, between PaineWebber Mortgage
Acceptance Corporation IV, Fremont
Investment & Loan and The Bank of
New York.
(EX-99.1) Certificate Guaranty Insurance Policy
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
October 1, 1999
By: /s/ Barbara J. Dawson
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Name: Barbara J. Dawson
Title: Senior Vice President
INDEX TO EXHIBITS
Paper (P) or
Exhibit No. Description Electronic(E)
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(EX-4) Pooling and Master Servicing Agreement, E
dated as of September 1, 1999,
among PaineWebber Mortgage Acceptance
Corporation IV, Fremont Investment &
Loan and The Bank of New York.
(EX-99.1) Certificate Guaranty Insurance Policy E