
                                    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):  December 27, 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
     December 27, 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:  Dec 28, 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 December 27, 2004.



Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Greenwich Capital Financial Products, In						1. Certificate Payment Report					2
				Greenwich Capital Financial Products, In						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					13

										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										9. Prepayment Detail Report					18
										10. Realized Loss Report					20
										11. Realized Loss Detail Report					23
				Servicer(s)						11. Realized Loss Detail Report					23
				Servicer(s)						12. Triggers and Adj. Cert. Report					24
				Litton Loan Servicing						12. Triggers and Adj. Cert. Report					24
				Litton Loan Servicing						13. Additional Certificate Report					25
										13. Additional Certificate Report					25


				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					25
										Total Number of Pages

				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:			December 27, 2004
										Factor Information:			(800) 735-7777
				Record Date:			November 30, 2004			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							December 24, 2004
							December 24, 2004

										https://www.tss.db.com/invr






Page 1 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

I-A1	SNR	$	507,662,000.00		482,636,317.16		1,051,476.84		9,353,386.60		10,404,863.44		0.00		0.00		473,282,930.56
I-A1	SNR	$	507,662,000.00		482,636,317.16		1,051,476.84		9,353,386.60		10,404,863.44		0.00		0.00		473,282,930.56
II-A1	SNR	$	105,000,000.00		94,334,595.76		189,271.88		3,406,445.07		3,595,716.95		0.00		0.00		90,928,150.69
II-A2	SNR	$	118,000,000.00		118,000,000.00		254,027.78		0.00		254,027.78		0.00		0.00		118,000,000.00
II-A3	SNR	$	23,322,000.00		23,322,000.00		53,821.99		0.00		53,821.99		0.00		0.00		23,322,000.00
M-1	MEZ	$	26,161,000.00		26,161,000.00		61,950.70		0.00		61,950.70		0.00		0.00		26,161,000.00
M-2	MEZ	$	29,431,000.00		29,431,000.00		70,961.41		0.00		70,961.41		0.00		0.00		29,431,000.00
M-3	MEZ	$	15,883,000.00		15,883,000.00		38,705.99		0.00		38,705.99		0.00		0.00		15,883,000.00
M-4	MEZ	$	16,350,000.00		16,350,000.00		46,179.67		0.00		46,179.67		0.00		0.00		16,350,000.00
M-5	MEZ	$	16,350,000.00		16,350,000.00		46,883.63		0.00		46,883.63		0.00		0.00		16,350,000.00
M-6	MEZ	$	14,015,000.00		14,015,000.00		42,601.71		0.00		42,601.71		0.00		0.00		14,015,000.00
M-7	MEZ	$	11,679,000.00		11,679,000.00		40,026.53		0.00		40,026.53		0.00		0.00		11,679,000.00
M-8	MEZ	$	9,343,000.00		9,343,000.00		32,825.07		0.00		32,825.07		0.00		0.00		9,343,000.00
M-9	MEZ	$	12,613,000.00		12,613,000.00		58,976.29		0.00		58,976.29		0.00		0.00		12,613,000.00
B-1	SUB	$	10,745,000.00		10,745,000.00		52,554.99		0.00		52,554.99		0.00		0.00		10,745,000.00
B-2	SUB	$	4,672,000.00		4,672,000.00		22,851.27		0.00		22,851.27		0.00		0.00		4,672,000.00
C	SUB, EXE	$	13,079,787.25		13,080,282.42		2,727,537.22		0.00		2,727,537.22		0.00		0.00		13,080,282.42
P	EXE	$	100.00		100.00		235,405.89		0.00		235,405.89		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		898,615,295.34		5,026,058.86		12,759,831.67		17,785,890.53		0.00		0.00		885,855,463.67
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
	Period		Period
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
I-A1	11/26/04		12/26/04		A-Act/360		35729PDZ0		507,662,000.00		950.704046		2.071214		18.424437		20.495652	932.279608
II-A1	11/26/04		12/26/04		A-Act/360		35729PEA4		105,000,000.00		898.424722		1.802589		32.442334		34.244923	865.982388
II-A2	11/26/04		12/26/04		A-Act/360		35729PEB2		118,000,000.00		1,000.000000		2.152778		0.000000		2.152778	1,000.000000
II-A3	11/26/04		12/26/04		A-Act/360		35729PEC0		23,322,000.00		1,000.000000		2.307778		0.000000		2.307778	1,000.000000
M-1	11/26/04		12/26/04		A-Act/360		35729PED8		26,161,000.00		1,000.000000		2.368056		0.000000		2.368056	1,000.000000
M-2	11/26/04		12/26/04		A-Act/360		35729PEE6		29,431,000.00		1,000.000000		2.411111		0.000000		2.411111	1,000.000000
M-3	11/26/04		12/26/04		A-Act/360		35729PEF3		15,883,000.00		1,000.000000		2.436945		0.000000		2.436945	1,000.000000
M-4	11/26/04		12/26/04		A-Act/360		35729PEG1		16,350,000.00		1,000.000000		2.824445		0.000000		2.824445	1,000.000000
M-5	11/26/04		12/26/04		A-Act/360		35729PEH9		16,350,000.00		1,000.000000		2.867500		0.000000		2.867500	1,000.000000
M-6	11/26/04		12/26/04		A-Act/360		35729PEJ5		14,015,000.00		1,000.000000		3.039722		0.000000		3.039722	1,000.000000
M-7	11/26/04		12/26/04		A-Act/360		35729PEK2		11,679,000.00		1,000.000000		3.427222		0.000000		3.427222	1,000.000000
M-8	11/26/04		12/26/04		A-Act/360		35729PEL0		9,343,000.00		1,000.000000		3.513333		0.000000		3.513333	1,000.000000
M-9	11/26/04		12/26/04		A-Act/360		35729PEM8		12,613,000.00		1,000.000000		4.675834		0.000000		4.675834	1,000.000000
B-1	11/26/04		12/26/04		A-Act/360		35729PEN6		10,745,000.00		1,000.000000		4.891111		0.000000		4.891111	1,000.000000
B-2	11/26/04		12/26/04		A-Act/360		35729PFF2		4,672,000.00		1,000.000000		4.891111		0.000000		4.891111	1,000.000000
C	11/25/04		12/24/04				13,079,787.25		1,000.037858		208.530702		0.000000		208.530702		1,000.037858
P	11/25/04		12/24/04				100.00		1,000.000000		2,354,058.900000		0.000000		2,354,058.900000		1,000.000000
R	11/25/04		12/24/04				0.00		0.000000		0.000000		0.000000		0.000000		0.000000



Page 2 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 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		3,383,402.32		32,985,786.65		1,393,282.79		34,379,069.44		37,762,471.76		0.00		0.00		473,282,930.56
II-A1	105,000,000.00		622,414.15		13,507,740.02		564,109.29		14,071,849.31		14,694,263.46		0.00		0.00		90,928,150.69
II-A2	118,000,000.00		794,140.00		0.00		0.00		0.00		794,140.00		0.00		0.00		118,000,000.00
II-A3	23,322,000.00		169,550.94		0.00		0.00		0.00		169,550.94		0.00		0.00		23,322,000.00
M-1	26,161,000.00		195,684.28		0.00		0.00		0.00		195,684.28		0.00		0.00		26,161,000.00
M-2	29,431,000.00		224,558.53		0.00		0.00		0.00		224,558.53		0.00		0.00		29,431,000.00
M-3	15,883,000.00		122,616.76		0.00		0.00		0.00		122,616.76		0.00		0.00		15,883,000.00
M-4	16,350,000.00		148,294.50		0.00		0.00		0.00		148,294.50		0.00		0.00		16,350,000.00
M-5	16,350,000.00		150,747.01		0.00		0.00		0.00		150,747.01		0.00		0.00		16,350,000.00
M-6	14,015,000.00		137,627.31		0.00		0.00		0.00		137,627.31		0.00		0.00		14,015,000.00
M-7	11,679,000.00		130,454.44		0.00		0.00		0.00		130,454.44		0.00		0.00		11,679,000.00
M-8	9,343,000.00		107,164.21		0.00		0.00		0.00		107,164.21		0.00		0.00		9,343,000.00
M-9	12,613,000.00		195,753.77		0.00		0.00		0.00		195,753.77		0.00		0.00		12,613,000.00
B-1	10,745,000.00		174,821.15		0.00		0.00		0.00		174,821.15		0.00		0.00		10,745,000.00
B-2	4,672,000.00		76,013.44		0.00		0.00		0.00		76,013.44		0.00		0.00		4,672,000.00
C	13,079,787.25		8,047,547.94		0.00		0.00		0.00		8,047,547.94		0.00		495.17		13,080,282.42
P	100.00		557,383.62		0.00		0.00		0.00		557,383.62		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		15,238,174.37		46,493,526.67		1,957,392.08		48,450,918.75		63,689,093.12		0.00		495.17		885,855,463.67


Interest Detail -
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued		Supported		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	2.53000%		482,636,317.16		1,051,476.84		0.00		0.00		0.00		1,051,476.84		1,051,476.84		0.00
II-A1	2.33000%		94,334,595.76		189,271.88		0.00		0.00		0.00		189,271.88		189,271.88		0.00
II-A2	2.50000%		118,000,000.00		254,027.78		0.00		0.00		0.00		254,027.78		254,027.78		0.00
II-A3	2.68000%		23,322,000.00		53,821.99		0.00		0.00		0.00		53,821.99		53,821.99		0.00
M-1	2.75000%		26,161,000.00		61,950.70		0.00		0.00		0.00		61,950.70		61,950.70		0.00
M-2	2.80000%		29,431,000.00		70,961.41		0.00		0.00		0.00		70,961.41		70,961.41		0.00
M-3	2.83000%		15,883,000.00		38,705.99		0.00		0.00		0.00		38,705.99		38,705.99		0.00
M-4	3.28000%		16,350,000.00		46,179.67		0.00		0.00		0.00		46,179.67		46,179.67		0.00
M-5	3.33000%		16,350,000.00		46,883.63		0.00		0.00		0.00		46,883.63		46,883.63		0.00
M-6	3.53000%		14,015,000.00		42,601.71		0.00		0.00		0.00		42,601.71		42,601.71		0.00
M-7	3.98000%		11,679,000.00		40,026.53		0.00		0.00		0.00		40,026.53		40,026.53		0.00
M-8	4.08000%		9,343,000.00		32,825.07		0.00		0.00		0.00		32,825.07		32,825.07		0.00
M-9	5.43000%		12,613,000.00		58,976.29		0.00		0.00		0.00		58,976.29		58,976.29		0.00
B-1	5.68000%		10,745,000.00		52,554.99		0.00		0.00		0.00		52,554.99		52,554.99		0.00
B-2	5.68000%		4,672,000.00		22,851.27		0.00		0.00		0.00		22,851.27		22,851.27		0.00
C	250.22737%		13,080,282.42		2,728,024.08		486.86		0.00		0.00		2,727,537.22		2,727,537.22		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		235,405.89		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			898,615,295.34		4,791,139.83		486.86		0.00		0.00		4,790,652.97		5,026,058.86		0.00



Page 3 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										3,406,445.07		9,353,386.60		12,759,831.67
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										3,406,445.07		9,353,386.60		12,759,831.67
Interest Collections										1,571,919.69		3,258,431.90		4,830,351.59
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		235,405.89
Interest Fees										-11,907.62		-27,790.99		-39,698.62
TOTAL NET INTEREST										1,560,012.07		3,230,640.91		5,026,058.86
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										4,966,457.14		12,584,027.51		17,785,890.53



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											195,057.31		449,750.73		644,808.04
Curtailments											2,850.77		8,962.41		11,813.18
Prepayments In Full											3,208,536.99		8,894,673.46		12,103,210.45
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-181,095.30		-410,342.16		-591,437.46
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											181,095.30		410,342.16		591,437.46
TOTAL PRINCIPAL COLLECTED											3,406,445.07		9,353,386.60		12,759,831.67


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00





Page 4 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										1,683,993.82		#######		5,168,778.89
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-4,008.91		-13,706.06		-17,714.97
Delinquent Interest										-1,531,637.85		-3,120,709.20		-4,652,347.05
Compensating Interest										4,008.91		13,706.06		17,714.97
Civil Relief Act Shortfalls										-0.00		-486.86		-486.86
Interest Advanced										1,419,563.72		2,894,842.89		4,314,406.61
TOTAL INTEREST COLLECTED										1,571,919.69		3,258,431.90		4,830,351.59


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														235,405.89
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		235,405.89



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										11,244.85		26,431.88		37,676.73
Trustee Fees										662.78		1,359.11		2,021.89
TOTAL INTEREST FEES										11,907.62		27,790.99		39,698.62




Page 5 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 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 INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
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 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



*Loan Count:*


Original										1,471		3,569		5,040
Prior										1,428		3,444		4,872
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-16		-49		-65
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										1,412		3,395		4,807
*Principal Balance:*


Original										305,232,286.81		629,073,600.44		934,305,887.25
Prior										294,567,028.62		604,048,266.72		898,615,295.34
Prefunding										0.00		0.00		0.00
Scheduled Principal										-195,057.31		-449,750.73		-644,808.04
Partial Prepayments										-2,850.77		-8,962.41		-11,813.18
Full Voluntary Prepayments										-3,208,536.99		-8,894,673.46		-12,103,210.45
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										291,160,583.55		594,694,880.12		885,855,463.67





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 25
Fremont Home Loan Trust 2004-2

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Asset Backed Certificates
2004-2

December 27, 2004 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										6.87745%		6.93550%		6.91654%
Weighted Average Coupon Prior										6.87277%		6.92726%		6.90943%
Weighted Average Coupon Current										6.86021%		6.92286%		6.90232%
Weighted Average Months to Maturity Original										347		352		350
Weighted Average Months to Maturity Prior										346		351		349
Weighted Average Months to Maturity Current										346		350		349
Weighted Avg Remaining Amortization Term Original										347		352		350
Weighted Avg Remaining Amortization Term Prior										346		351		349
Weighted Avg Remaining Amortization Term Current										346		350		349
Weighted Average Seasoning Original										4.27		4.28		4.28
Weighted Average Seasoning Prior										5.27		5.28		5.28
Weighted Average Seasoning Current										6.27		6.28		6.28









Page 8 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										6.73934%		6.84434%		6.81065%
Weighted Average Margin Prior										6.73414%		6.84250%		6.80773%
Weighted Average Margin Current										6.73133%		6.84092%		6.80558%
Weighted Average Max Rate Original										13.46627%		13.84970%		13.72668%
Weighted Average Max Rate Prior										13.45492%		13.83900%		13.71577%
Weighted Average Max Rate Current										13.44667%		13.83212%		13.70784%
Weighted Average Min Rate Original										6.47129%		6.85353%		6.73089%
Weighted Average Min Rate Prior										6.46004%		6.84290%		6.72007%
Weighted Average Min Rate Current										6.45189%		6.83612%		6.71224%
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										11,244.85		26,431.88		37,676.73
Delinquent Servicing Fees										111,464.92		225,226.64		336,691.56
TOTAL SERVICING FEES										122,709.78		251,658.53		374,368.30


Total Servicing Fees										122,709.78		251,658.53		374,368.30
Compensating Interest										-4,008.91		-13,706.06		-17,714.97
Delinquent Servicing Fees										-111,464.92		-225,226.64		-336,691.56
COLLECTED SERVICING FEES										7,235.94		12,725.82		19,961.77


Total Advaced Interest										1,419,563.72		2,894,842.89		4,314,406.61
Total Advaced Principal										181,095.30		410,342.16		591,437.46
Aggregate Advances with respect to this Distribution										461,478.16		766,081.34		1,227,559.50





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										4,008.91		13,706.06		17,714.97
Compensating Interest										-4,008.91		-13,706.06		-17,714.97
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Weighted Average Net Mortgage Rate														6.712388%

Libor For Current Period														2.1800%

Libor For Next Period														2.4175%



Page 9 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				20,660,205.68		6,009,736.82		649,236.23		27,319,178.73
			% Balance				2.33%		0.68%		0.07%		3.08%
			# Loans				122		29		4		155
			% # Loans				2.54%		0.60%		0.08%		3.22%
	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		84,731.83		70,896.56		0.00		155,628.39
			% Balance		0.00%		0.01%		0.01%		0.00%		0.02%
			# Loans		0		1		1		0		2
			% # Loans		0.00%		0.02%		0.02%		0.00%		0.04%
	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		20,744,937.51		6,080,633.38		649,236.23		27,474,807.12
			% Balance		0.00%		2.34%		0.69%		0.07%		3.10%
			# Loans		0		123		30		4		157
			% # Loans		0.00%		2.56%		0.62%		0.08%		3.27%









Page 10 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				13,548,024.05		3,451,081.39		585,666.83		17,584,772.27
			% Balance				2.28%		0.58%		0.10%		2.96%
			# Loans				78		22		3		103
			% # Loans				2.30%		0.65%		0.09%		3.03%
	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		13,548,024.05		3,451,081.39		585,666.83		17,584,772.27
			% Balance		0.00%		2.28%		0.58%		0.10%		2.96%
			# Loans		0		78		22		3		103
			% # Loans		0.00%		2.30%		0.65%		0.09%		3.03%










Page 11 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,112,181.63		2,558,655.43		63,569.40		9,734,406.46
			% Balance				2.44%		0.88%		0.02%		3.34%
			# Loans				44		7		1		52
			% # Loans				3.12%		0.50%		0.07%		3.68%
	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		84,731.83		70,896.56		0.00		155,628.39
			% Balance		0.00%		0.03%		0.02%		0.00%		0.05%
			# Loans		0		1		1		0		2
			% # Loans		0.00%		0.07%		0.07%		0.00%		0.14%
	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		7,196,913.46		2,629,551.99		63,569.40		9,890,034.85
			% Balance		0.00%		2.47%		0.90%		0.02%		3.40%
			# Loans		0		45		8		1		54
			% # Loans		0.00%		3.19%		0.57%		0.07%		3.82%









Page 12 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 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
SPACE INTENTIONALLY LEFT BLANK



TOTAL



Page 13 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 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 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




*Current*


Number of Paid in Full Loans										16		49		65
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										16		49		65
Curtailments Amount										2,850.77		8,962.41		11,813.18
Paid in Full Balance										3,208,536.99		8,894,673.46		12,103,210.45
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										3,211,387.76		8,903,635.87		12,115,023.63

*Cumulative*


Number of Paid in Full Loans										58		168		226
Number of Repurchased Loans										1		6		7
Total Number of Loans Prepaid in Full										59		174		233
Paid in Full Balance										13,360,626.20		31,878,743.00		45,239,369.20
Repurchased Loans Balance										89,717.77		1,079,203.52		1,168,921.29
Curtailments Amount										29,497.56		55,262.70		84,760.26
Total Prepayment Amount										13,479,841.53		33,013,209.22		46,493,050.75










Page 15 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										1.09%		1.48%		1.35%
3 Months Avg SMM										1.50%		1.78%		1.69%
12 Months Avg SMM										1.50%		1.78%		1.69%
Avg SMM Since Cut-off										1.50%		1.78%		1.69%


CPR										12.33%		16.33%		15.04%
3 Months Avg CPR										16.55%		19.42%		18.49%
12 Months Avg CPR										16.55%		19.42%		18.49%
Avg CPR Since Cut-off										16.55%		19.42%		18.49%


PSA										983.83%		1,300.75%		1,198.48%
3 Months Avg PSA Approximation										1,570.88%		1,838.79%		1,752.20%
12 Months Avg PSA Approximation										1,570.88%		1,838.79%		1,752.20%
Avg PSA Since Cut-off Approximation										1,570.88%		1,838.79%		1,752.20%










Page 16 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution






PREPAYMENT CALCULATION METHODOLOGY

	Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal)

	Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
	PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))
	PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))
	Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...*(1-SMMm)]^(1/months in period n,m)
	Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)

	Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))
	Average WASn,m: (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 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 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 Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000001062 1			150,000.00		149,091.00			29-Nov-2004		5.990%		CA - 37.50%		Paid Off - 360		#######
1000001062 1			150,000.00		149,091.00			29-Nov-2004		5.990%		CA - 37.50%		Paid Off - 360
1000155140 1			208,000.00		206,538.84			23-Nov-2004		6.750%		MN - 80.00%		Paid Off - 360		04/01/2004
1000155175 1			59,900.00		59,429.77			22-Nov-2004		12.490%		CA - 100.00%		Paid Off - 240		04/01/2004
1000155860 1			225,000.00		224,999.98			16-Nov-2004		6.250%		CA - 90.00%		Paid Off - 360		04/01/2004
1000156040 1			54,950.00		54,486.66			19-Nov-2004		10.900%		NV - 100.00%		Paid Off - 240		05/01/2004
1000156564 1			179,000.00		177,931.64			29-Nov-2004		6.990%		CA - 79.56%		Paid Off - 360		05/01/2004
1000157475 1			260,100.00		260,100.00			19-Nov-2004		6.250%		CA - 90.00%		Paid Off - 360		04/01/2004
1000157943 1			234,000.00		232,462.77			22-Nov-2004		6.750%		CA - 90.00%		Paid Off - 360		05/01/2004
1000162777 1			80,800.00		80,372.27			23-Nov-2004		7.500%		OR - 80.00%		Paid Off - 360		05/01/2004
1000168259 1			274,000.00		272,759.99			29-Nov-2004		6.550%		CA - 78.29%		Paid Off - 360		07/01/2004
1000169238 1			207,000.00		205,887.83			18-Nov-2004		5.650%		CA - 90.00%		Paid Off - 360		07/01/2004
1000169777 1			212,000.00		210,985.03			29-Nov-2004		6.700%		CA - 80.00%		Paid Off - 360		07/01/2004
1000170082 1			172,800.00		172,798.23			16-Nov-2004		4.950%		NV - 80.00%		Paid Off - 360		07/01/2004
1000170638 1			300,000.00		298,629.18			19-Nov-2004		6.500%		VA - 79.16%		Paid Off - 360		07/01/2004
1000170702 2			481,500.00		479,383.28			17-Nov-2004		6.700%		CA - 78.29%		Paid Off - 360		07/01/2004
1000171285 1			225,000.00		224,308.72			29-Nov-2004		8.500%		CA - 75.00%		Paid Off - 360		07/01/2004
1000171342 1			300,000.00		298,668.32			30-Nov-2004		6.650%		CA - 75.00%		Paid Off - 360		07/01/2004
1000171411 2			90,000.00		89,775.12			24-Nov-2004		9.500%		CA - 100.00%		Paid Off - 360		07/01/2004
1000172590 2			426,261.00		424,937.98			16-Nov-2004		8.450%		CA - 100.00%		Paid Off - 360		07/01/2004
1000172886 2			500,000.00		497,603.06			30-Nov-2004		6.250%		CA - 84.03%		Paid Off - 360		07/01/2004
1000172988 1			268,200.00		267,076.95			22-Nov-2004		6.950%		CA - 90.00%		Paid Off - 360		07/01/2004
1000173161 2			122,400.00		122,400.00			19-Nov-2004		7.250%		FL - 80.00%		Paid Off - 360		07/01/2004
1000173425 2			428,000.00		426,469.96			29-Nov-2004		7.750%		CA - 80.00%		Paid Off - 360		07/01/2004
1000173665 1			246,500.00		245,426.81			24-Nov-2004		6.750%		NY - 85.00%		Paid Off - 360		07/01/2004
1000173770 1			294,500.00		293,217.82			24-Nov-2004		6.750%		CA - 93.49%		Paid Off - 360		07/01/2004
1000174352 1			120,000.00		119,549.09			16-Nov-2004		7.500%		CA - 80.00%		Paid Off - 360		07/01/2004
1000174743 1			292,500.00		291,284.74			24-Nov-2004		6.990%		CA - 90.00%		Paid Off - 360		07/01/2004
1000174975 1			239,192.00		238,377.12			30-Nov-2004		7.990%		CA - 80.00%		Paid Off - 360		07/01/2004
1000175118 1			200,000.00		199,041.20			30-Nov-2004		6.250%		CA - 63.49%		Paid Off - 360		07/01/2004
5000087414 2			6,650.00		5,978.04			16-Nov-2004		12.250%		MN - 95.00%		Paid Off - 60		04/01/2004
5000088186 2			21,780.00		21,585.21			24-Nov-2004		11.500%		FL - 100.00%		Paid Off - 240		04/01/2004
5000094575 1			120,000.00		119,604.17			24-Nov-2004		8.150%		IL - 80.00%		Paid Off - 360		07/01/2004
5000096610 1			240,000.00		238,758.66			24-Nov-2004		5.850%		MD - 80.00%		Paid Off - 360		07/01/2004
5000096807 1			154,000.00		153,292.66			10-Nov-2004		7.400%		CO - 82.80%		Paid Off - 360		07/01/2004
5000096977 1			144,800.00		144,220.22			18-Nov-2004		7.200%		IL - 80.00%		Paid Off - 360		07/01/2004
5000099117 1			117,500.00		117,012.73			24-Nov-2004		7.000%		NJ - 77.30%		Paid Off - 360		07/01/2004
5000099343 1			191,800.00		190,923.59			30-Nov-2004		6.500%		GA - 76.72%		Paid Off - 360		07/01/2004
5000099343 1			191,800.00		190,923.59					6.500%		GA - 76.72%		Paid Off - 360



Page 18 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

6000100697 1			415,000.00		413,776.13			16-Nov-2004		8.700%		NY - 100.00%		Paid Off - 360		07/01/2004
6000100697 1			415,000.00		413,776.13			16-Nov-2004		8.700%		NY - 100.00%		Paid Off - 360		07/01/2004
7000095187 1			53,129.00		52,568.25			17-Nov-2004		9.125%		CA - 100.00%		Paid Off - 240		05/01/2004
7000095915 1			57,400.00		56,693.35			15-Nov-2004		8.990%		CA - 100.00%		Paid Off - 240		04/01/2004
7000095966 1			53,400.00		52,986.80			16-Nov-2004		12.750%		CA - 99.78%		Paid Off - 240		04/01/2004
7000096557 1			165,000.00		164,285.24			16-Nov-2004		8.500%		VA - 75.00%		Paid Off - 360		05/01/2004
7000097957 2			20,747.00		20,439.36			24-Nov-2004		11.750%		CA - 95.00%		Paid Off - 180		05/01/2004
7000099217 2			13,670.00		13,241.07			29-Nov-2004		11.990%		NV - 95.00%		Paid Off - 120		05/01/2004
7000099369 1			40,000.00		39,662.05			23-Nov-2004		10.875%		CA - 100.00%		Paid Off - 240		05/01/2004
7000100315 2			90,100.00		89,274.19			22-Nov-2004		8.990%		CA - 95.00%		Paid Off - 240		06/01/2004
7000101699 2			80,000.00		79,494.17			23-Nov-2004		11.875%		CA - 100.00%		Paid Off - 240		06/01/2004
7000102320 1			40,000.00		39,695.30			24-Nov-2004		10.500%		CA - 100.00%		Paid Off - 240		06/01/2004
7000102525 2			17,250.00		17,027.46			30-Nov-2004		11.499%		CA - 95.00%		Paid Off - 180		06/01/2004
7000102753 1			140,400.00		139,732.81			19-Nov-2004		7.250%		OR - 90.00%		Paid Off - 360		06/01/2004
7000103317 2			39,200.00		38,957.47			29-Nov-2004		10.625%		HI - 100.00%		Paid Off - 240		07/01/2004
7000103431 2			435,600.00		433,651.03			30-Nov-2004		6.609%		CA - 90.00%		Paid Off - 360		07/01/2004
7000104061 1			210,000.00		209,085.72			19-Nov-2004		6.750%		CA - 71.19%		Paid Off - 360		07/01/2004
7000104462 1			258,000.00		258,000.00			29-Nov-2004		4.950%		CA - 80.00%		Paid Off - 360		07/01/2004
7000104822 1			350,000.00		348,604.56			18-Nov-2004		7.200%		CA - 58.43%		Paid Off - 360		07/01/2004
8000008357 1			248,000.00		247,214.43			29-Nov-2004		8.350%		NJ - 80.00%		Paid Off - 360		07/01/2004
8000008502 1			62,000.00		61,716.62			29-Nov-2004		12.900%		NJ - 100.00%		Paid Off - 240		07/01/2004
8000009077 1			93,600.00		93,180.45			29-Nov-2004		6.600%		NY - 80.00%		Paid Off - 360		07/01/2004
8000009684 1			13,750.00		13,381.47			30-Nov-2004		11.999%		NJ - 95.00%		Paid Off - 120		06/01/2004
8000010405 1			320,000.00		318,494.29			29-Nov-2004		7.300%		NJ - 92.22%		Paid Off - 360		06/01/2004
8000011188 2			450,500.00		448,319.59			29-Nov-2004		6.200%		NJ - 85.00%		Paid Off - 360		07/01/2004
8000011420 1			155,000.00		154,350.98			29-Nov-2004		6.950%		NJ - 45.59%		Paid Off - 360		07/01/2004
8000011702 1			192,500.00		192,110.73			17-Nov-2004		10.500%		NJ - 70.00%		Paid Off - 360		07/01/2004
8000011865 1			243,100.00		242,130.73			18-Nov-2004		7.200%		NJ - 85.00%		Paid Off - 360		07/01/2004
8000012465 1			50,000.00		49,767.56			19-Nov-2004		12.775%		MA - 100.00%		Paid Off - 240		07/01/2004


TOTAL			12,155,479.00		12,103,210.45
TOTAL


Page 19 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


*Current*
*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*
*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 20 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.00%		0.00%		0.00%
12 Months Avg MDR										0.00%		0.00%		0.00%
Avg MDR Since Cut-off										0.00%		0.00%		0.00%


CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.00%		0.00%		0.00%
12 Months Avg CDR										0.00%		0.00%		0.00%
Avg CDR Since Cut-off										0.00%		0.00%		0.00%


SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.00%		0.00%		0.00%
12 Months Avg SDA Approximation										0.00%		0.00%		0.00%
Avg SDA Since Cut-off Approximation										0.00%		0.00%		0.00%


Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off										0.00%		0.00%		0.00%












Page 21 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 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 22 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 23 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
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														6,729,869.61
Ending Collateral Balance														885,855,463.67
Delinquency Percentage														0.7600%

Senior Enhancement Percentage														20.066683%

Cumulative Loss Percentage														0.0000%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 24 of 25
Fremont Home Loan Trust 2004-2

Asset Backed Certificates
Asset Backed Certificates
2004-2

December 27, 2004 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			I-A1										$0.00		$0.00
													$0.00		$0.00
			II-A1										$0.00		$0.00
													$0.00		$0.00
			II-A2										$0.00		$0.00
													$0.00		$0.00
			II-A3										$0.00		$0.00
													$0.00		$0.00
			M-1										$0.00		$0.00
													$0.00		$0.00
			M-2										$0.00		$0.00
													$0.00		$0.00
			M-3										$0.00		$0.00
													$0.00		$0.00
			M-4										$0.00		$0.00
													$0.00		$0.00
			M-5										$0.00		$0.00
													$0.00		$0.00
			M-6										$0.00		$0.00
													$0.00		$0.00
			M-7										$0.00		$0.00
													$0.00		$0.00
			M-8										$0.00		$0.00
													$0.00		$0.00
			M-9										$0.00		$0.00
													$0.00		$0.00
			B-1										$0.00		$0.00
													$0.00		$0.00
			B-2										$0.00		$0.00
													$0.00		$0.00






Page 25 of 25

FREMONT HOME LOAN TRUST 2004-2 8-K