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Mortgage Asset Securitization Transactions Inc – ‘8-K’ for 3/10/99 – EX-99

As of: Thursday, 3/11/99 · For: 3/10/99 · Accession #: 914121-99-226 · File #: 333-40467

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/11/99  Mtge Asset Securitization Tr… Inc 8-K:5,7     3/10/99    2:43K                                    Cadwalader Wickersh… LLP

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         5     11K 
 2: EX-99       Term Sheets                                           16     65K

EX-99 — Term Sheets
Exhibit Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Available Funds Cap Available Funds Cap Carry Forward Amount Depositor Note Rate
1	1st Page - Filing Submission
5	Depositor
6	Note Rate
"	Available Funds Cap
"	Available Funds Cap Carry Forward Amount

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FREMONT HOME LOAN OWNER TRUST 1999-1
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PAINEWEBBER INCORPORATED

PRELIMINARY BACKGROUND INFORMATION

FREMONT HOME LOAN OWNER TRUST 1999-1

DISCLAIMER

--------------------------------------------------------------------------------
The  information  included  herein  is  produced  and  provided  exclusively  by
PaineWebber  Incorporated ("PW") as one of the underwriters for the Fremont Home
Loan Owner Trust 1999-1, Home Loan Asset-Backed Notes, Series 1999-1, and not by
or  as  agent  for  Fremont   Investment  &  Loan  or  any  of  its   affiliates
(collectively,  the  "Transferor"  and  "Master  Servicer")  or for  PaineWebber
Mortgage Acceptance Corporation IV (the "Depositor").  Neither the Depositor nor
the Transferor has prepared, reviewed or participated in the preparation hereof,
nor are they  responsible  for the accuracy  hereof and they have not authorized
the dissemination hereof. The analysis in this report is accurate to the best of
PW's knowledge and is based on information provided by the Transferor.  PW makes
no  representations  as to the  accuracy  of such  information  provided  by the
Transferor. The information herein is preliminary, and will be superseded in its
entirety by the applicable prospectus supplement and prospectus and by any other
information subsequently filed with the Securities and Exchange Commission.     

All opinions and  conclusions  in this report  reflect PW's  judgment as of this
date and are subject to change.  All analyses  are based on certain  assumptions
noted  herein and  different  assumptions  could yield  substantially  different
results.  You are cautioned  that there is no  universally  accepted  method for
analyzing financial instruments. You should review the assumptions; there may be
differences  between  these  assumptions  and your  actual  business  practices.
Further,  PW does not  guarantee any results and there is no guarantee as to the
liquidity of the  instruments  involved in this analysis.  The decision to adopt
any strategy remains your responsibility. PW (or any of its affiliates) or their
officers,  directors,  analysts or employees may have  positions in  securities,
commodities or derivative  instruments  thereon referred to herein,  and may, as
principal  or agent,  buy or sell such  securities,  commodities  or  derivative
instruments.  In addition,  PW may make a market in the  securities  referred to
herein. Neither the information nor the opinions expressed shall be construed to
be, or constitute, an offer to sell or buy or a solicitation of an offer to sell
or buy any securities,  commodities or derivative  instruments mentioned herein.
Finally, PW has not addressed the legal,  accounting and tax implications of the
analysis with respect to you and PW strongly  urges you to seek advice from your
counsel, accountant and tax advisor.                                            
--------------------------------------------------------------------------------

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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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FREMONT HOME LOAN OWNER TRUST 1999-1
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THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
--------------------------------------------------------------------------------

$418,342,161 (approximate) Offering Amount
FSA Bond Insured

BOND SUMMARY*                                                                   

                                                        [Enlarge/Download Table]


------------------ --------------- ------------ -------------- ------------- ------------ ------------ -----------------
                                                                   Last       Principal                    Expected     
                    Approximate                       WAL       Principal      Window       Maturity       Ratings      
      Notes             Size         Coupon         (Years)      Payment       (Years)        Date      (Moody's/S&P)   
------------------ --------------- ------------ -------------- ------------- ------------ ------------ -----------------
                                                                                                                        

  Series 1999-1     $418,342,161    Floating          2.39        08/05         6.42         3/01/30       Aaa/AAA      
================== =============== ============ ============== ============= ============ ============ =================
*At a pricing scenario of 30% CPR and 10% Optional Redemption.                                                          

POOL SUMMARY**  (complete collateral tables on pages 10-16)                     
------------------------------------------------------------ -------------------
Number of Loans:                                                        3,679   
Current Balance:                                                 $418,342,161   
Average Balance:                                                     $113,711   
Minimum Balance:                                                       $9,953   
Maximum Balance:                                                     $478,937   
Wtd Average Coupon (fixed and ARMS):                                    9.86%   
Original Term (months):                                                   359   
Seasoning (months):                                                         2   
Original Loan-To-Value:                                                77.00%   

Amortization Type:                                                              
ARM - 3,199 loans                                                $379,833,782   
Fixed - 480 loans                                                 $38,508,379   

ARM Summary Information:                                                        
  Wtd Avg Initial Periodic Rate Cap:                                 2.85%
  Wtd Avg Subsequent Periodic Rate Cap:                              1.48%
  Wtd Avg Margin:                                                    6.26%
  Wtd Avg Life Cap:                                                 16.78%
  Wtd Avg Months to Roll:                                               23
------------------------------------------------------------ -------------------
**Contains no bulk purchases.                                                   

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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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FREMONT HOME LOAN OWNER TRUST 1999-1
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THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
--------------------------------------------------------------------------------

BOND SENSITIVITY TO PREPAYMENTS                                                 

To Optional Redemption:                                                         

                                                        [Enlarge/Download Table]

                                                     CPR                                            
----------------------------------------------------------------------------------------------------
Series 1999-1                0%          15%          25%          30%         35%          45%     
                                                                                                    

AVERAGE LIFE                20.79        4.99        2.93         2.39        1.99         1.45     
DURATION                    12.12        4.12        2.62         2.19        1.86         1.39     
FIRST PAY                   04/99       04/99        04/99       04/99        04/99       04/99     
LAST PAY                    01/28       07/12        01/07       08/05        07/04       01/03     
WINDOW (YEARS)              28.83       13.33        7.83         6.42        5.33         3.83     
----------------------------------------------------------------------------------------------------

To Maturity:                                                                    

                                                        [Enlarge/Download Table]


                                                     CPR                                            
----------------------------------------------------------------------------------------------------
Series 1999-1                0%          15%          25%          30%         35%          45%     
                                                                                                    

AVERAGE LIFE                20.84        5.39        3.19         2.60        2.17         1.59     
DURATION                    12.13        4.29        2.78         2.33        1.99         1.49     
FIRST PAY                   04/99       04/99        04/99       04/99        04/99       04/99     
LAST PAY                    02/29       05/25        10/16       08/13        04/11       01/08     
WINDOW (YEARS)              29.92       26.17        17.58       14.42        12.08        8.83     
----------------------------------------------------------------------------------------------------

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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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FREMONT HOME LOAN OWNER TRUST 1999-1
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THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
--------------------------------------------------------------------------------

PRICING INFORMATION                                                             

Pricing Speed:                30% CPR                                           

Payment Date:                 The 25th day of each  month (or the next  Business
                        Day thereafter) commencing in April of 1999.

Interest                      Accrual  Period:  Interest  will  accrue  from and
                              including  the  last  Payment  Date  (or  from the
                              Closing  Date  in the  case of the  first  Payment
                              Date) to the day before the related  Payment  Date
            based on an Actual/360 day year.

Payment Delay:                0 Days                                            

Settlement (Closing) Date:    On or about March 23, 1999                        

Cut-off Date:                 March 1, 1999 (close of business)                 

Maturity Date:                March 1, 2030, although it is anticipated that the
                              actual  maturity  date for the  Notes  will  occur
                         significantly earlier than the Maturity Date.

Optional                      Redemption  Date: The optional  redemption date is
                              the first Payment Date on which the aggregate Loan
                              Balance of the Home Equity  Loans has  declined to
                              less than 10% of the aggregate Loan Balance of the
                     Home Equity Loans as of the Cut-Off Date.

Optional Redemption:          The holders of Residual Interests exceeding in the
                              aggregate  a 50%  interest  may,  at their  option
                              effect  an  early  redemption  of  the  Notes  and
                              terminate  the  Trust  on any  Payment  Date on or
                              after the Redemption Date by purchasing all of the
                              Home  Equity  Loans at a price equal to or greater
                              than the Redemption  Price. In addition,  the Note
                              Insurer   will   have   rights    under    limited
                              circumstances,  to purchase  the Home Equity Loans
                         and thereby effect a redemption of the Notes.

Redemption Price:             The  Redemption  Price will be an amount that will
                              at  least  pay  in  full   accrued   interest  and
                              principal on the Notes and certain other expenses.

Initial Turbo:                100%  of the  excess  cash  flow  will  be used to
                              accelerate      the      bonds      until      the
                              overcollateralization  targets are reached. To the
                              extent necessary,  after the overcollateralization
                              targets are initially reached,  100% of the excess
                              cash  flow will be  available  to  accelerate  the
                       bonds to the overcollateralization targets.

Servicing/Other Fees:         The   collateral   is  subject  to  certain  fees,
                              including  a  servicing  fee of  0.50%  per  annum
                              payable  monthly,  Note Insurer fees,  and trustee
fees.               

Advancing:                    The Master  Servicer  is  required  to advance any
                              delinquent  payment of interest (not principal) to
                              the  extent   such   interest   is  deemed  to  be
                              recoverable  (the  "Delinquency  Advances").   The
                              Servicer  is required  to advance  reasonable  and
                              customary  expense  advances  with  respect to the
                              loans (for items such as taxes and  insurance)  to
                              the  extent  such   advances   are  deemed  to  be
              recoverable ("Servicer Advances").

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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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FREMONT HOME LOAN OWNER TRUST 1999-1
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DESCRIPTION OF SECURITIES                                                       

Title of Securities:          Fremont  Home Loan Owner Trust  1999-1,  Home Loan
              Asset-Backed Notes, Series 1999-1.

Offering Amount:              Approximately $418,342,161                        

Certificates:                 Residual Interest (not offered hereby)            

Lead Underwriter:             PaineWebber Incorporated                          

Co-Underwriters:              Chase Securities Inc. Credit Suisse First Boston  

Transferor/Master Servicer:   Fremont  Investment  &  Loan  (a  Fremont  General
                 Company) Headquartered in Anaheim, CA

Depositor:                    PaineWebber Mortgage Acceptance Corporation IV    

Servicer:                     Fairbanks Capital Corp.                           

Owner Trustee:                Wilmington Trust Company                          

Indenture Trustee:            First Union National Bank                         

Home Equity Loans:            -  First lien, fixed and adjustable rate mortgage 
loans.        
                              -  1-4 Family residential properties, planned unit
                                 developments,  condominiums,  and  manufactured
housing loans.
                              -  Substantial  percentage  of  the  loans  do not
                                 conform to FNMA or FHLMC underwriting standards
                                 or to  those  standards  typically  applied  by
                                 banks    or   other    lending    institutions,
                                 particularly with regard to a borrower's credit
history.      
                              -  Approximately  84.99% of the Home Equity  Loans
                                 bear   prepayment   premiums,   which  will  be
                        retained by Fremont Investment & Loan.

Form of Offering:             Book-Entry  form,   same-day  funds  through  DTC,
 Euroclear, and CEDEL.

Denominations:                Minimum  denominations of $25,000 and multiples of
$1,000 thereafter.  

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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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FREMONT HOME LOAN OWNER TRUST 1999-1
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DESCRIPTION OF SECURITIES (Continued)                                           

Note Rate:                    On each  Payment  Date,  the "Note  Rate"  will be
                              equal to the lesser of (x) the  Formula  Note Rate
            and (y) the Available Funds Cap.

                              The "Formula  Note Rate" for any Payment Date will
                              equal the  lesser of (x) (i) with  respect  to any
                              Payment  Date  which  occurs  on or  prior  to the
                              Redemption Date, One Month LIBOR plus _% per annum
                              or  (ii)  with   respect  to  any   Payment   Date
                              thereafter,  One Month LIBOR plus _% per annum and
   (y) [13.00%] per annum.

Available Funds Cap:          The "Available  Funds Cap" for any Payment Date is
                              the  weighted  average of the Coupon  Rates on the
                              Home Equity Loans, less approximately (i) prior to
                              the  Payment  Date in April of 2000,  [0.72%]  per
                              annum or (ii) on and  after  the  Payment  Date in
             April of 2000, [1.22%] per annum.

Available Funds Cap                                                             
Carry Forward Amount:         If, on any Payment Date,  the Available  Funds Cap
                              limits  the Note Rate  (i.e.,  the rate set by the
                              Available  Funds Cap is less than the Formula Note
                              Rate),  the amount of any such  shortfall  will be
                              carried  forward  and be due and payable on future
                              Payment  Dates and shall  accrue  interest  at the
                              applicable  Formula  Note  Rate,  until paid (such
                              shortfall,  together  with such accrued  interest,
                            the "Available Funds Cap Carry Forward Amount").

                              The Insurance  Policy for the Notes does not cover
                              the Available Funds Cap Carry Forward Amount;  the
                              payment  of such  amount  may be funded  only from
                              excess cash flow  remaining  after (i) the payment
                              of  interest  and  principal  due on the Notes for
                              such Payment  Date, if any (ii)  reimbursement  of
                              the Note Insurer and (iii) payment of  accelerated
                              principal on the Notes to achieve the required O/C
         Target for such Payment Date.

Federal                       Tax Aspects:  The trust will be an Owner Trust. No
                              election will be made to treat the Trust Estate or
                              any portion  thereof as a REMIC for federal income
                              tax  purposes.   The  Notes  will  be  treated  as
                       non-recourse debt obligations of the trust.

ERISA                         Considerations:  Subject to the  discussion in the
                              Prospectus  Supplement and  Prospectus,  the Notes
                              may be  purchased by employee  benefit  plans that
 are subject to ERISA.

SMMEA Eligibility:            The  Notes   will   constitute   "mortgage-related
              securities" for purposes of SMMEA.

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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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FREMONT HOME LOAN OWNER TRUST 1999-1
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DESCRIPTION OF SECURITIES (Continued)                                           

Credit Enhancement:           Credit  enhancement with respect to the Notes will
                              be  provided  by  (a)  the  subordination  of  the
                              Residual    Interest    Certificates,    (b)   the
                              overcollateralization  mechanics which utilize the
                              excess interest created by the internal  cashflows
                              of  the  pool,  and  (c)  the  Financial  Security
           Assurance, Inc. ("FSA") Policy.

                              Subordination    of    the    Residual    Interest
                              Certificates:  The  rights of the  holders  of the
                              Residual   Interest   Certificates   to   received
                              distributions  of excess interest are subordinated
                     to the right of the holders of the Notes.

                              Overcollateralization:  Excess  cash  flow will be
                              applied,   to  the   extent   available   to  make
                              accelerated  payments of  principal  to the Notes;
                              such   application   will   cause  the   aggregate
                              principal  balance of the Notes to  amortize  more
                              rapidly    than   the    loans,    resulting    in
                              overcollateralization.      Prior      to      the
                              Overcollateralization     Stepdown    Date,    the
                              Overcollateralization  Amount is expected to build
                              to [4.00]% of the Cut-off Date loan pool principal
                              balance.  On or  after  the  Overcollateralization
                              Stepdown  Date, the  Overcollateralization  Amount
                              will be  permitted  to  decrease to [8.00%] of the
                              then   outstanding   aggregate   unpaid  principal
                              balance  of  the  Loans   (the   "Pool   Principal
                              Balance"),  subject  to a floor of  [0.50%] of the
                              original   Pool   Principal   Balance  (each  such
                              percentage then in effect, the "O/C Target").  The
                              Overcollateralization  Stepdown  Date  will  be no
                              earlier than the 25th month  following the Closing
                              Date, subject to certain delinquency and loan loss
tests.              

                              FSA  Insurance  Policy:  FSA (the "Note  Insurer")
                              will unconditionally and irrevocably guarantee the
                              timely payment of interest and ultimate payment of
                              principal  on the Notes  (i.e.  after  any  losses
                              reduce the overcollateralization to zero, FSA will
                              cover the excess,  if any,  of the Note  principal
                              balance over the  aggregate  collateral  balance).
                              The Insured  Payments do not cover Realized Losses
                              except to the extent that the principal balance of
                              the  Notes  exceeds  the Pool  Principal  Balance.
                              Insured   Payments   do  not  cover   the   Master
                              Servicer's  failure to make  Delinquency  Advances
                              except to the extent that a shortfall  of interest
                              due on the Notes would otherwise result therefrom.
                              The FSA Insurance Policy is not cancelable for any
reason.             

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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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FREMONT HOME LOAN OWNER TRUST 1999-1
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DESCRIPTION OF THE SERVICER                                                     

o    Fairbanks Capital Corp.  ("Fairbanks"),  a Utah corporation,  was formed on
February 24, 1989 by its current CEO Thomas Basmajian.                

o    Financial  Security  Assurance,  Inc. and Nomura Asset Capital  Corporation
     each purchased a 25% share of Fairbanks Capital Holding  Corporation on May
     28, 1998. Cargill Financial Services Corporation  maintains a 25% ownership
and management owns the remaining 25%.                                

o    Fairbanks  commenced  mortgage  servicing  operations  in 1989  for its own
     account and since 1994 has managed and serviced  third-party  mortgage loan
     portfolios.  Prior to 1998,  Fairbanks  primarily  serviced  portfolios  of
non-performing or delinquent residential mortgage loans.              

o    Fairbanks is a FNMA approved  seller/servicer and a FHLMC approved servicer
   that is engaged in the servicing of first and second lien mortgage loans.

o Fairbanks is approved by both Standard & Poor's and Fitch IBCA, Inc.          

o Fairbanks is currently servicing over 20,000 loans.                           

o    Fairbanks is  currently  servicing  securities  for First Union Home Equity
     Bank, Block Financial,  Cityscape (for FGIC/FSA/Harris Trust), Freddie Mac,
Fannie Mae, and United PanAm Mortgage.                                

o    Fairbanks  currently maintains excess servicing capacity of $3.0 billion in
unpaid principal balance.                                             

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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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FREMONT HOME LOAN OWNER TRUST 1999-1
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--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
--------------------------------------------------------------------------------

DESCRIPTION OF HOME EQUITY LOANS AS OF THE CUT-OFF DATE (3/1/99)

POOL SUMMARY                                                                    
------------------------------------------------------------ -------------------
Number of Loans:                                                       3,679    
Current Balance:                                                $418,342,161    
Average Balance:                                                    $113,711    
Minimum Balance:                                                      $9,953    
Maximum Balance:                                                    $478,937    
Wtd Average Coupon:                                                    9.86%    
Original Term (months):                                                  359    
Seasoning (months):                                                        2    
Original Loan-To-Value:                                               77.00%    

Amortization Type:                                                              
ARM - 3,199 loans*                                              $379,833,782    
Fixed - 480 loans                                                $38,508,379    

ARM Summary Information:                                                        
 Wtd Avg Initial Periodic Rate Cap:                                2.85%
 Wtd Avg Subsequent Periodic Rate Cap:                             1.48%
 Wtd Avg Margin:                                                   6.26%
 Wtd Avg Life Cap:                                                16.78%
 Wtd Avg Months to Roll:                                              23
------------------------------------------------------------ -------------------

*All ARM loans are six-month LIBOR based loans.                                 

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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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FREMONT HOME LOAN OWNER TRUST 1999-1
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THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
--------------------------------------------------------------------------------

DESCRIPTION OF HOME EQUITY LOANS

--------------------------------------------------------------------------------
Aggregate Field         Description          Count        Balance$         Pool%
--------------------------------------------------------------------------------
State                    California          1,276       189,189,007      45.22 
                          Illinois            371        36,186,427       8.65
                        Washington            242        28,104,985       6.72
                              Utah            193        23,352,078       5.58
                          Michigan            290        18,271,869       4.37
                           Florida            201        17,019,001       4.07
                            Oregon            139        14,164,249       3.39
                          New York            106        13,575,899       3.25
                           Arizona            142        12,751,573       3.05
                            Nevada             98        10,787,109       2.58
                        New Jersey             86        10,569,283       2.53
                          Colorado             99         9,875,790       2.36
                         Wisconsin             76         6,140,237       1.47
                           Indiana             72         4,026,023       0.96
                             Idaho             45         3,789,421       0.91
                              Ohio             66         3,645,192       0.87
                     Massachusetts             29         3,144,073       0.75
                       Connecticut             21         2,298,289       0.55
                           Montana             26         2,071,662       0.50
                      Pennsylvania             23         1,587,556       0.38
                           Georgia             15         1,519,236       0.36
                          Oklahoma             18         1,322,852       0.32
                     New Hampshire             10         1,209,196       0.29
                    North Carolina             12         1,159,681       0.28
                          Missouri              9         1,011,492       0.24
                         Tennessee              8           766,617       0.18
                            Kansas              3           476,400       0.11
                             Maine              2           187,150       0.04
                    South Carolina              1           139,814       0.03
                                          ---------  ---------------  ----------
                                            3,679      $418,342,161    100.00%
---------------------------------------------------  ---------------  ----------

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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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FREMONT HOME LOAN OWNER TRUST 1999-1
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THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
--------------------------------------------------------------------------------

DESCRIPTION OF HOME EQUITY LOANS (continued)

--------------------------------------------------------------------------------
Aggregate Field       Description           Count        Balance$         Pool% 
--------------------------------------------------------------------------------
Original LTV        5.001 - 10.000%              1            39,949       0.01 
                  10.001 - 15.000%              1            36,485       0.01
                  15.001 - 20.000%              4           329,732       0.08
                  20.001 - 25.000%             11           443,395       0.11
                  25.001 - 30.000%             13           547,629       0.13
                  30.001 - 35.000%             18           827,197       0.20
                  35.001 - 40.000%             17           841,457       0.20
                  40.001 - 45.000%             33         2,222,601       0.53
                  45.001 - 50.000%             36         3,540,729       0.85
                  50.001 - 55.000%             55         5,041,969       1.21
                  55.001 - 60.000%            139        12,122,791       2.90
                  60.001 - 65.000%            312        26,354,306       6.30
                  65.001 - 70.000%            497        49,112,989      11.74
                  70.001 - 75.000%            610        68,543,007      16.38
                  75.001 - 80.000%          1,145       139,615,214      33.37
                  80.001 - 85.000%            362        47,205,412      11.28
                  85.001 - 90.000%            425        61,517,300      14.71
                                          --------  ----------------  ----------
                                            3,679      $418,342,161    100.00%
--------------------------------------------------  ----------------  ----------

--------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

EX-99 12th Page of 16 TOC 1st Previous Next ↓Bottom Just 12th
--------------------------------------------------------------------------------
FREMONT HOME LOAN OWNER TRUST 1999-1
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
--------------------------------------------------------------------------------

DESCRIPTION OF HOME EQUITY LOANS (continued)

--------------------------------------------------------------------------------
Aggregate Field      Description            Count        Balance$         Pool% 
--------------------------------------------------------------------------------
Current Coupon    6.001 -  7.000%              4           491,836       0.12   
               7.001 -  8.000%            101        14,841,835       3.55
               8.001 -  9.000%            722       104,658,861      25.02
               9.001 - 10.000%          1,209       150,085,008      35.88
              10.001 - 11.000%            938        95,462,996      22.82
              11.001 - 12.000%            420        35,485,344       8.48
              12.001 - 13.000%            207        12,849,266       3.07
              13.001 - 14.000%             69         4,120,421       0.98
              14.001 - 15.000%              7           306,207       0.07
              15.001 - 16.000%              2            40,386       0.01
                                      --------  ----------------   ---------
                                        3,679      $418,342,161    100.00%
------------------------------------------------------------------------------  

--------------------------------------------------------------------------------
Aggregate Field      Description            Count        Balance$         Pool% 
--------------------------------------------------------------------------------
Current Balance     5,000.01 - 10,000.00        1             9,953       0.00  
                 10,000.01 - 15,000.00        4            54,362       0.01
                 15,000.01 - 20,000.00       25           457,909       0.11
                 20,000.01 - 30,000.00      106         2,787,422       0.67
                 30,000.01 - 40,000.00      216         7,724,976       1.85
                 40,000.01 - 50,000.00      271        12,328,335       2.95
                50,000.01 - 100,000.00    1,310        97,636,585      23.34
               100,000.01 - 250,000.00    1,535       232,716,762      55.63
               250,000.01 - 500,000.00      211        64,625,859      15.45
                                          ------  ----------------  ----------
                                          3,679      $418,342,161    100.00%
------------------------------------------------------------------------------- 

--------------------------------------------------------------------------------
Aggregate Field       Description           Count        Balance$         Pool% 
--------------------------------------------------------------------------------
Lien Type             First Lien           3,679         418,342,161      100.00
                                          --------  ----------------  ----------
                                           3,679        $418,342,161     100.00%
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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--------------------------------------------------------------------------------
FREMONT HOME LOAN OWNER TRUST 1999-1
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
--------------------------------------------------------------------------------

DESCRIPTION OF HOME EQUITY LOANS (continued)

--------------------------------------------------------------------------------
Aggregate Field           Description         Count        Balance$        Pool%
--------------------------------------------------------------------------------
Property Type            Single Family        3,012       339,445,969      81.14
                            Two Family          180        17,514,236       4.19
                          Three Family           43         5,287,368       1.26
                           Four Family           49         6,789,688       1.62
              Planned Unit Development          208        31,902,092       7.63
                           Condominium          138        13,824,503       3.30
                  Manufactured Housing           49         3,578,305       0.86
                                           --------  ----------------  ---------
                                              3,679      $418,342,161    100.00%
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Aggregate Field       Description           Count        Balance$         Pool% 
--------------------------------------------------------------------------------
Months Since Origination        0            709        79,877,880       19.09  
                              1            907        99,769,788       23.85
                              2          1,038       120,337,498       28.77
                              3            401        48,344,518       11.56
                              4            191        21,580,330        5.16
                              5            232        26,153,235        6.25
                              6             83         9,883,550        2.36
                              7             48         5,230,879        1.25
                      8 or more             70         7,164,484        1.71
                                      --------  ----------------  ----------
                                         3,679      $418,342,161     100.00%
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Aggregate Field       Description           Count        Balance$         Pool% 
--------------------------------------------------------------------------------
Remaining Term         Up to 352            107         9,963,535        2.38   
                          353             49         5,380,320        1.29
                          354             82         9,692,101        2.32
                          355            231        26,120,605        6.24
                          356            190        21,539,561        5.15
                          357            401        48,418,449       11.57
                          358          1,029       119,771,550       28.63
                          359            885        97,859,744       23.39
                          360            705        79,596,297       19.03
                                       --------  ----------------  -------------
                                       3,679      $418,342,161     100.00%
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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--------------------------------------------------------------------------------
FREMONT HOME LOAN OWNER TRUST 1999-1
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
--------------------------------------------------------------------------------

DESCRIPTION OF HOME EQUITY LOANS (continued)

--------------------------------------------------------------------------------
Aggregate Field       Description           Count        Balance$         Pool% 
--------------------------------------------------------------------------------
Occupancy            Owner Occupied          3,221       381,782,498       91.26
                 Non-Owner Occupied            449        35,241,873        8.42
                        Second Home              9         1,317,790        0.32
                                          --------  ----------------  ----------
                                             3,679      $418,342,161     100.00%
--------------------------------------------------------------------------------

------------------------------------------------------------------------------  
Aggregate Field       Description         Count        Balance$         Pool%   
------------------------------------------------------------------------------  
Credit Grade          A                    449        53,636,704       12.82    

                  A-                 1,345       174,903,508       41.81

                  B                    838        96,595,587       23.09

                  C                    623        59,326,617       14.18

                  C-                   230        17,447,622        4.17

                  D                    194        16,432,122        3.93
                                      ------  ----------------  ------------
                                     3,679      $418,342,161     100.00%
------------------------------------------------------------------------------  

ARM INFORMATION                                                                 
--------------------------------------------------------------------------------
Aggregate Field       Description           Count        Balance$         Pool% 
--------------------------------------------------------------------------------
Life Cap            13.001 - 14.000%            5          579,525        0.15  
                  14.001 - 15.000%          109       16,243,965        4.28
                  15.001 - 16.000%          674       99,233,359       26.13
                  16.001 - 17.000%        1,084      136,431,056       35.92
                  17.001 - 18.000%          828       86,468,706       22.76
                  18.001 - 19.000%          334       29,861,578        7.86
                  19.001 - 20.000%          140        9,482,491        2.50
                  20.001 - 21.000%           23        1,365,554        0.36
                  21.001 - 22.000%            1           59,109        0.02
                  30.001 - 35.000%            1          108,437        0.03
                                       --------  ---------------  ----------
                                          3,199     $379,833,782     100.00%
------------------------------------------------------------------------------- 

--------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

EX-99 15th Page of 16 TOC 1st Previous Next ↓Bottom Just 15th
--------------------------------------------------------------------------------
FREMONT HOME LOAN OWNER TRUST 1999-1
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
--------------------------------------------------------------------------------

DESCRIPTION OF HOME EQUITY LOANS (continued)

ARM INFORMATION                                                                 

--------------------------------------------------------------------------------
Aggregate Field       Description            Count        Balance$         Pool%
--------------------------------------------------------------------------------
Life Floor          6.001 -  7.000%               5          579,525        0.15
                    7.001 -  8.000%             109       16,243,965        4.28
                    8.001 -  9.000%             672       99,033,086       26.07
                    9.001 - 10.000%           1,084      136,342,813       35.90
                   10.001 - 11.000%             828       86,539,959       22.78
                   11.001 - 12.000%             337       30,187,280        7.95
                   12.001 - 13.000%             140        9,482,491        2.50
                   13.001 - 14.000%              23        1,365,554        0.36
                   14.001 - 15.000%               1           59,109        0.02
                                           --------  ---------------  ----------
                                              3,199     $379,833,782     100.00%
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Aggregate Field      Description            Count        Balance$         Pool% 
--------------------------------------------------------------------------------
Margin             3.751 - 4.000%               1           70,589        0.02  
                 4.751 - 5.000%               4          389,995        0.10
                 5.001 - 5.250%              12        1,833,207        0.48
                 5.251 - 5.500%             295       39,189,864       10.32
                 5.501 - 5.750%             163       23,134,235        6.09
                 5.751 - 6.000%             739       97,430,137       25.65
                 6.001 - 6.250%             923      109,383,353        28.8
                 6.251 - 6.500%             202       23,567,664        6.20
                 6.501 - 6.750%             310       33,779,979        8.89
                 6.751 - 7.000%             110       12,050,231        3.17
                 7.001 - 7.250%             153       13,716,617        3.61
                 7.251 - 7.500%              41        4,107,117        1.08
                 7.501 - 7.750%              93        8,670,515        2.28
                 7.751 - 8.000%              62        5,185,836        1.37
                 8.001 - 8.250%              13        1,135,909        0.30
                 8.251 - 8.500%              46        3,641,144        0.96
                 8.501 - 8.750%              15          873,118        0.23
                 9.001 - 9.250%              13        1,173,116        0.31
                 9.501 - 9.750%               1           61,664        0.02
                9.751 - 10.000%               2          327,089        0.09
                   Over 10.000%               1          112,405        0.03
                                       --------  ---------------  ----------
                                          3,199     $379,833,782     100.00%
------------------------------------------------------------------------------- 

--------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER 

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--------------------------------------------------------------------------------
FREMONT HOME LOAN OWNER TRUST 1999-1
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
--------------------------------------------------------------------------------

DESCRIPTION OF HOME EQUITY LOANS (continued)

ARM INFORMATION                                                                 

--------------------------------------------------------------------------------
Aggregate Field       Description          Count         Balance$         Pool% 
--------------------------------------------------------------------------------
Rate Reset               1999/05              20        1,970,545        0.52   
                      1999/06              33        4,240,513        1.12
                      1999/07              63        8,739,069        2.30
                      1999/08              73        8,566,721        2.26
                      1999/09              47        6,061,144        1.60
                      1999/10              19        2,434,665        0.64
                      2000/01               1          115,317        0.03
                      2000/02               2          247,975        0.07
                      2000/04               2          226,828        0.06
                      2000/05               6          483,969        0.13
                      2000/06               5          725,816        0.19
                      2000/07               9          867,144        0.23
                      2000/08              20        2,302,615        0.61
                      2000/09              39        4,224,916        1.11
                      2000/10             149       17,467,506        4.60
                      2000/11             131       16,198,275        4.26
                      2000/12             236       29,023,878        7.64
                      2001/01             630       77,253,051       20.34
                      2001/02             568       65,521,880       17.25
                      2001/03             444       51,645,014       13.60
                      2001/04               2          245,010        0.06
                      2001/05               6          472,891        0.12
                      2001/06               2          183,817        0.05
                      2001/07               9        1,335,299        0.35
                      2001/08              15        1,577,629        0.42
                      2001/09              18        2,223,984        0.59
                      2001/10              50        5,655,521        1.49
                      2001/11              26        2,739,837        0.72
                      2001/12              96       12,353,105        3.25
                      2002/01             211       23,851,223        6.28
                      2002/02             137       15,099,245        3.98
                      2002/03             130       15,779,381        4.15
                                     --------  ---------------  ----------
                                        3,199     $379,833,782     100.00%
------------------------------------------------------------------------------  

--------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
--------------------------------------------------------------------------------
PAINEWEBBER

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘8-K’ Filing	Date	First	Last	Other Filings

	3/1/30	4
	3/23/99	4		424B5
Filed on:	3/11/99
For Period End:	3/10/99
	3/1/99	4
	5/28/98	8		424B5
				List all Filings

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Filing Submission 0000914121-99-000226 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Mortgage Asset Securitization Transactions Inc – ‘8-K’ for 3/10/99 – EX-99

As of: Thursday, 3/11/99 · For: 3/10/99 · Accession #: 914121-99-226 · File #: 333-40467

Previous ‘8-K’: ‘8-K’ on 1/5/99 for 12/31/98 · Next: ‘8-K’ on 3/16/99 for 3/12/99 · Latest: ‘8-K’ on / for 5/14/07

Current Report — Form 8-KFiling Table of Contents

EX-99 — Term SheetsExhibit Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Current Report — Form 8-K
Filing Table of Contents

EX-99 — Term Sheets
Exhibit Table of Contents