
                                    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 April 1, 2004,
                providing for the issuance of Fremont Home Loan Trust
                Series 2004-1 Asset-Backed Certificates, Series 2004-1)
                 (Exact name of registrant as specified in charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-111379-08                          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 27, 2004               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of December 27, 2004.


	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates


	December 27, 2004 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				14
			8.	Foreclosure Report				15
			9.	Prepayment Report				16
			10.	Prepayment Detail Report				19
			11.	Realized Loss Report				22
			12.	Realized Loss Detail Report				25
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				26
			14.	Additional Certificate Report				27



				Total Number of Pages				27



			CONTACTS

				Administrator: Eiko Akiyama
				Direct Phone Number: (714)247-6328
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: https://www.tss.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:		Financial Asset Securites Corp.					Cut-Off Date: April 1, 2004
	Certificate Insurer(s):							Closing Date: April 29, 2004
								First Payment Date: May 25, 2004
	Servicer(s):		Litton Loan Servicing Master Servicer


								Distribution Date: December 27, 2004
	Underwriter(s):		RBS Greenwich Capital					Record Date: December 24, 2004
								November 30, 2004






						Page 1 of 27					© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates
	Series 2004-1
	Certificate Payment Report for December 27, 2004 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

I-A1	STEP	267,595,000.00			208,423,092.61	430,741.06	15,717,862.92	16,148,603.98	-	-	192,705,229.69
II-A1	STEP	133,000,000.00			55,530,675.04	108,547.04	11,816,840.56	11,925,387.60	-	-	43,713,834.48
II-A2	STEP	107,000,000.00			107,000,000.00	219,290.56	-	219,290.56	-	-	107,000,000.00
II-A3	STEP	27,594,000.00			27,594,000.00	61,304.67	-	61,304.67	-	-	27,594,000.00
M-1	MEZ	23,488,000.00			23,488,000.00	53,193.80	-	53,193.80	-	-	23,488,000.00
M-2	MEZ	21,810,000.00			21,810,000.00	50,332.63	-	50,332.63	-	-	21,810,000.00
M-3	MEZ	11,744,000.00			11,744,000.00	27,608.19	-	27,608.19	-	-	11,744,000.00
M-4	MEZ	13,422,000.00			13,422,000.00	36,176.02	-	36,176.02	-	-	13,422,000.00
M-5	MEZ	11,744,000.00			11,744,000.00	33,170.28	-	33,170.28	-	-	11,744,000.00
M-6	MEZ	11,744,000.00			11,744,000.00	35,192.85	-	35,192.85	-	-	11,744,000.00
M-7	MEZ	10,066,000.00			10,066,000.00	33,631.62	-	33,631.62	-	-	10,066,000.00
M-8	MEZ	8,389,000.00			8,389,000.00	29,473.35	-	29,473.35	-	-	8,389,000.00
M-9	MEZ	8,389,000.00			8,389,000.00	38,864.37	-	38,864.37	-	-	8,389,000.00
B	SUB	6,711,000.00			6,711,000.00	20,688.52	-	20,688.52	-	-	6,711,000.00
C	SUB	8,388,962.80			8,388,563.29	1,786,874.93	-	1,786,874.93	-	-	8,388,563.29
P	SUB	100.00			100.00	686,672.89	-	686,672.89	-	-	100.00
R	R	-			-	-	-	-	-	-	-


Total		671,085,062.80			534,443,430.94	3,651,762.78	27,534,703.48	31,186,466.26	-	-	506,908,727.46


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

I-A1	11/26/04	12/26/04		A-Act/360	35729PCV0	267,595,000.00	778.875138	1.609675	58.737506	60.347181	720.137632
II-A1	11/26/04	12/26/04		A-Act/360	35729PCW8	133,000,000.00	417.523872	0.816143	88.848425	89.664568	328.675447
II-A2	11/26/04	12/26/04		A-Act/360	35729PCX6	107,000,000.00	1,000.000000	2.049444	-	2.049444	1,000.000000
II-A3	11/26/04	12/26/04		A-Act/360	35729PCY4	27,594,000.00	1,000.000000	2.221667	-	2.221667	1,000.000000
M-1	11/26/04	12/26/04		A-Act/360	35729PCZ1	23,488,000.00	1,000.000000	2.264722	-	2.264722	1,000.000000
M-2	11/26/04	12/26/04		A-Act/360	35729PDA5	21,810,000.00	1,000.000000	2.307778	-	2.307778	1,000.000000
M-3	11/26/04	12/26/04		A-Act/360	35729PDB3	11,744,000.00	1,000.000000	2.350834	-	2.350834	1,000.000000
M-4	11/26/04	12/26/04		A-Act/360	35729PDC1	13,422,000.00	1,000.000000	2.695278	-	2.695278	1,000.000000
M-5	11/26/04	12/26/04		A-Act/360	35729PDD9	11,744,000.00	1,000.000000	2.824445	-	2.824445	1,000.000000
M-6	11/26/04	12/26/04		A-Act/360	35729PDE7	11,744,000.00	1,000.000000	2.996666	-	2.996666	1,000.000000
M-7	11/26/04	12/26/04		A-Act/360	35729PDF4	10,066,000.00	1,000.000000	3.341111	-	3.341111	1,000.000000
M-8	11/26/04	12/26/04		A-Act/360	35729PDG2	8,389,000.00	1,000.000000	3.513333	-	3.513333	1,000.000000
M-9	11/26/04	12/26/04		A-Act/360	35729PDH0	8,389,000.00	1,000.000000	4.632777	-	4.632777	1,000.000000
B	11/26/04	12/26/04		A-Act/360	35729PDJ6	6,711,000.00	1,000.000000	3.082778	-	3.082778	1,000.000000
C				A-30/360		679,474,025.60	798.900287	2.629791	-	2.629791	758.376732
P				-		100.00	1,000.000000	6,866,728.900000	-	6,866,728.900000	1,000.000000
R				-		-	-	-	-	-	-


							Page 2 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates
	Series 2004-1
	Certificate Payment Report for December 27, 2004 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

I-A1	267,595,000.00		2,881,772.27		73,397,518.14	1,492,252.17	74,889,770.31	77,771,542.58	-	-	192,705,229.69
II-A1	133,000,000.00		1,028,988.84		87,751,237.57	1,534,927.95	89,286,165.52	90,315,154.36	-	-	43,713,834.48
II-A2	107,000,000.00		1,275,484.58		-	-	-	1,275,484.58	-	-	107,000,000.00
II-A3	27,594,000.00		366,030.58		-	-	-	366,030.58	-	-	27,594,000.00
M-1	23,488,000.00		319,459.64		-	-	-	319,459.64	-	-	23,488,000.00
M-2	21,810,000.00		303,967.79		-	-	-	303,967.79	-	-	21,810,000.00
M-3	11,744,000.00		167,624.39		-	-	-	167,624.39	-	-	11,744,000.00
M-4	13,422,000.00		227,665.10		-	-	-	227,665.10	-	-	13,422,000.00
M-5	11,744,000.00		211,044.57		-	-	-	211,044.57	-	-	11,744,000.00
M-6	11,744,000.00		226,833.73		-	-	-	226,833.73	-	-	11,744,000.00
M-7	10,066,000.00		221,489.74		-	-	-	221,489.74	-	-	10,066,000.00
M-8	8,389,000.00		195,868.01		-	-	-	195,868.01	-	-	8,389,000.00
M-9	8,389,000.00		269,178.55		-	-	-	269,178.55	-	-	8,389,000.00
B	6,711,000.00		134,133.32		-	-	-	134,133.32	-	-	6,711,000.00
C	8,388,962.80		19,527,303.32		399.51	-	399.51	19,527,702.83	-	-	8,388,563.29
P	100.00		3,893,607.56		-	-	-	3,893,607.56	-	-	100.00
R	-		-		-	-	-	-	-	-	-


Total	671,085,062.80		31,250,451.99		161,149,155.22	3,027,180.12	164,176,335.34	195,426,787.33	-	-	506,908,727.46


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

I-A1	2.40000%	208,423,092.61			430,741.06	-	-	-	430,741.06	430,741.06	-
II-A1	2.27000%	55,530,675.04			108,547.04	-	-	-	108,547.04	108,547.04	-
II-A2	2.38000%	107,000,000.00			219,290.56	-	-	-	219,290.56	219,290.56	-
II-A3	2.58000%	27,594,000.00			61,304.67	-	-	-	61,304.67	61,304.67	-
M-1	2.63000%	23,488,000.00			53,193.80	-	-	-	53,193.80	53,193.80	-
M-2	2.68000%	21,810,000.00			50,332.63	-	-	-	50,332.63	50,332.63	-
M-3	2.73000%	11,744,000.00			27,608.19	-	-	-	27,608.19	27,608.19	-
M-4	3.13000%	13,422,000.00			36,176.02	-	-	-	36,176.02	36,176.02	-
M-5	3.28000%	11,744,000.00			33,170.28	-	-	-	33,170.28	33,170.28	-
M-6	3.48000%	11,744,000.00			35,192.85	-	-	-	35,192.85	35,192.85	-
M-7	3.88000%	10,066,000.00			33,631.62	-	-	-	33,631.62	33,631.62	-
M-8	4.08000%	8,389,000.00			29,473.35	-	-	-	29,473.35	29,473.35	-
M-9	5.38000%	8,389,000.00			38,864.37	-	-	-	38,864.37	38,864.37	-
B	3.58000%	6,711,000.00			20,688.52	-	-	-	20,688.52	20,688.52	-
C	4.01212%	542,831,994.22			1,786,874.93	-	-	-	1,786,874.93	1,786,874.93	0.01
P		100.00			686,672.89	-	-	-	686,672.89	686,672.89	-
R		-			-	-	-	-	-	-	-


Total		1,068,886,861.87			3,651,762.78	-	-	-	3,651,762.78	3,651,762.78	0.01


							Page 3 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Collection Account Report for December 27, 2004 Distribution


	Collection Account Report


SUMMARY						NON CONFORM.	CONFORM.	TOTAL

	Principal Collections					11,816,840.56	15,717,862.92	27,534,703.48
	Principal Withdrawals					0.00	0.00	0.00
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					11,816,840.56	15,717,862.92	27,534,703.48

	Interest Collections					1,837,183.62	2,008,952.63	3,846,136.25
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(93,799.55)	(100,573.91)	(194,373.46)
	TOTAL NET INTEREST					1,743,384.07	1,908,378.72	3,651,762.79

	TOTAL AVAILABLE FUNDS TO BONDHOLDERS					13,560,224.63	17,626,241.64	31,186,466.27


PRINCIPAL - COLLECTIONS						NON CONFORM.	CONFORM.	TOTAL

	Scheduled Principal					194,875.56	196,513.01	391,388.57
	Curtailments					37,386.84	6,429.15	43,815.99
	Prepayments in Full					11,584,578.16	15,514,920.76	27,099,498.92
	Repurchases/Substitutions Shortfalls					0.00	0.00	0.00
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Other Additional Principal					0.00	0.00	0.00
	Delinquent Principal					(26,491.59)	(25,345.85)	(51,837.44)
	Advanced Principal					26,491.59	25,345.85	51,837.44
	Realized Losses					0.00	0.00	0.00


	TOTAL PRINCIPAL COLLECTED					11,816,840.56	15,717,862.92	27,534,703.48


				Page 4 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Collection Account Report for December 27, 2004 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS						NON CONFORM.	CONFORM.	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS						NON CONFORM.	CONFORM.	TOTAL



	TOTAL OTHER ACCOUNTS PRINCIPAL					0.00	0.00	0.00


INTEREST - COLLECTIONS						NON CONFORM.	CONFORM.	TOTAL

	Scheduled Interest					1,547,798.95	1,641,130.37	3,188,929.32
	Repurchases/Substitutions					0.00	0.00	0.00
	Liquidations					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Additional Interest					0.00	0.00	0.00
	Month End Interest (PPIS)					(36,343.17)	(43,670.81)	(80,013.98)
	Delinquent Interest					(222,266.52)	(230,730.62)	(452,997.14)
	Realized Losses					0.00	0.00	0.00
	Compensating Month End Interest					36,343.17	43,670.81	80,013.98
	Other Interest Shortfall (Relief Act)					0.00	0.00	0.00
	Interest Advanced					207,940.60	215,590.58	423,531.18
	Prepayment Penalties					303,710.59	382,962.30	686,672.89

	TOTAL INTEREST COLLECTED					1,837,183.62	2,008,952.63	3,846,136.25


				Page 5 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Collection Account Report for December 27, 2004 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						NON CONFORM.	CONFORM.	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - OTHER ACCOUNTS						NON CONFORM.	CONFORM.	TOTAL



	TOTAL OTHER ACCOUNT INTEREST					0.00	0.00	0.00


INTEREST - FEES						NON CONFORM.	CONFORM.	TOTAL

	Current Servicing Fees					92,982.41	99,698.65	192,681.06
	Trustee Fee					817.14	875.26	1,692.40


	TOTAL INTEREST OTHER FEES					93,799.55	100,573.91	194,373.46


				Page 6 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Credit Enhancement Report for December 27, 2004 Distribution


	Credit Enhancement Report


ACCOUNTS						NON CONFORM.	CONFORM.	TOTAL

	Net WAC Rate Carryover Reserve Fund Beginning Balance							0.00
	Net WAC Rate Carryover Amount							0.00
	Net WAC Rate Carryover Reserve Fund Ending Balance							0.00

	Int Earnings paid to Class C							0.00


INSURANCE						NON CONFORM.	CONFORM.	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						NON CONFORM.	CONFORM.	TOTAL

	Overcollateralization Target Amount							8,388,563.29
	Overcollateralized Amount							8,388,563.28
	Excess Overcollateralized Amount							0.00
	Overcollateralization Release Amount					0.00	0.00	0.00
	Overcollateralization Deficiency Amount							0.00
	Extra Principal Distribution Amt					0.00	0.00	0.00


				Page 7 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Collateral Report for December 27, 2004 Distribution


	Collateral Report


COLLATERAL						NON CONFORM.	CONFORM.	TOTAL
	Loan Count:
	*Original*					1811	1925	3736
	Prior					1,418	1,614	3,032
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(65)	(78)	(143)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,353	1,536	2,889

	*Principal Balance:*
	Original					335,542,398.61	335,542,664.19	671,085,062.80
	Prior					258,044,237.33	276,399,193.60	534,443,430.93
	Prefunding					-	-	-
	Scheduled Principal					(194,875.56)	(196,513.01)	(391,388.57)
	Partial and Full Voluntary Prepayments					(11,621,965.00)	(15,521,349.91)	(27,143,314.91)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					246,227,396.77	260,681,330.68	506,908,727.45

PREFUNDING						NON CONFORM.	CONFORM.	TOTAL
SPACE INTENTIONALLY LEFT BLANK


	Conform.
	Non Conform.
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 8 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Collateral Report for December 27, 2004 Distribution


	Collateral Report


CHARACTERISTICS						NON CONFORM.	CONFORM.	TOTAL

	Weighted Average Coupon Original					7.287939%	7.204397%	7.246168%
	Weighted Average Coupon Prior					7.211059%	7.148458%	7.178915%
	Weighted Average Coupon Current					7.197831%	7.125044%	7.160188%
	Weighted Average Months to Maturity Original					346	351	349
	Weighted Average Months to Maturity Prior					340	345	343
	Weighted Average Months to Maturity Current					339	344	342
	Weighted Avg Remaining Amortization Term Original					346	351	348
	Weighted Avg Remaining Amortization Term Prior					340	344	342
	Weighted Avg Remaining Amortization Term Current					339	343	341
	Weighted Average Seasoning Original					6.05	4.64	5.34
	Weighted Average Seasoning Prior					11.93	10.59	11.24
	Weighted Average Seasoning Current					12.92	11.56	12.22

Note: Original information refers to deal issue.


	Conform.
	Non Conform.
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Collateral Report for December 27, 2004 Distribution


	Collateral Report


ARM CHARACTERISTICS						NON CONFORM.	CONFORM.	TOTAL

	Weighted Average Margin Original					4.932%	5.358%
	Weighted Average Margin Prior					4.778%	5.258%
	Weighted Average Margin Current					4.748%	5.236%
	Weighted Average Max Rate Original					11.195%	12.492%
	Weighted Average Max Rate Prior					10.924%	12.376%
	Weighted Average Max Rate Current					10.882%	12.348%
	Weighted Average Min Rate Original					5.085%	5.541%
	Weighted Average Min Rate Prior					4.882%	5.409%
	Weighted Average Min Rate Current					4.857%	5.378%
	Weighted Average Cap Up Original					1.072%	1.162%
	Weighted Average Cap Up Prior					1.040%	1.141%
	Weighted Average Cap Up Current					1.034%	1.136%
	Weighted Average Cap Down Original					1.072%	1.162%
	Weighted Average Cap Down Prior					1.040%	1.141%
	Weighted Average Cap Down Current					1.034%	1.136%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						NON CONFORM.	CONFORM.	TOTAL

	Current Servicing Fees					92,982.41	99,698.65	192,681.06
	Delinquent Servicing Fees					14,325.91	15,140.04	29,465.95
	TOTAL SERVICING FEES					107,308.32	114,838.69	222,147.01


	Total Servicing Fees					107,308.32	114,838.69	222,147.01
	Compensating Month End Interest					36,343.17	43,670.81	80,013.98
	Delinquent Servicing Fees					(14,325.91)	(15,140.04)	(29,465.95)

	COLLECTED SERVICING FEES					129,325.58	143,369.46	272,695.04

	Prepayment Interest Shortfall					36,343.17	43,670.81	80,013.98

	Total Advanced Interest					207,940.60	215,590.58	423,531.18


ADDITIONAL COLLATERAL INFORMATION						NON CONFORM.	CONFORM.	TOTAL

	Next One-Month LIBOR							2.180000%
	Current One-Month LIBOR							2.180000%


				Page 10 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Delinquency Report for December 27, 2004 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			14,410,192.16	7,161,309.34	2,467,756.06	24,039,257.56
		% Balance			2.84%	1.41%	0.49%	4.74%
		# Loans			98	47	20	165
		% # Loans			3.39%	1.63%	0.69%	5.71%
FORECLOSURE		Balance		-	-	-	5,303,801.39	5,303,801.39
		% Balance		0.00%	0.00%	0.00%	1.05%	1.05%
		# Loans		-	-	-	33	33
		% # Loans		0.00%	0.00%	0.00%	1.14%	1.14%
BANKRUPTCY		Balance		-	-	49,300.46	1,041,539.66	1,090,840.12
		% Balance		0.00%	0.00%	0.01%	0.21%	0.22%
		# Loans		-	-	2	9	11
		% # Loans		0.00%	0.00%	0.07%	0.31%	0.38%
REO		Balance		-	-	-	575,049.25	575,049.25
		% Balance		0.00%	0.00%	0.00%	0.11%	0.11%
		# Loans		-	-	-	3	3
		% # Loans		0.00%	0.00%	0.00%	0.10%	0.10%

TOTAL		Balance		-	14,410,192.16	7,210,609.80	9,388,146.36	31,008,948.32
		% Balance		0.00%	2.84%	1.42%	1.85%	6.12%
		# Loans		-	98	49	65	212
		% # Loans		0.00%	3.39%	1.70%	2.25%	7.34%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 11 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Delinquency Report for December 27, 2004 Distribution


	Delinquency Report - Conform. Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			7,670,323.99	4,425,988.87	1,257,446.13	13,353,758.99
		% Balance			2.94%	1.70%	0.48%	5.12%
		# Loans			54	27	8	89
		% # Loans			3.52%	1.76%	0.52%	5.79%
FORECLOSURE		Balance		-	-	-	3,166,054.92	3,166,054.92
		% Balance		0.00%	0.00%	0.00%	1.21%	1.21%
		# Loans		-	-	-	17	17
		% # Loans		0.00%	0.00%	0.00%	1.11%	1.11%
BANKRUPTCY		Balance		-	-	49,300.46	267,045.72	316,346.18
		% Balance		0.00%	0.00%	0.02%	0.10%	0.12%
		# Loans		-	-	2	3	5
		% # Loans		0.00%	0.00%	0.13%	0.20%	0.33%
REO		Balance		-	-	-	143,488.41	143,488.41
		% Balance		0.00%	0.00%	0.00%	0.06%	0.06%
		# Loans		-	-	-	1	1
		% # Loans		0.00%	0.00%	0.00%	0.07%	0.07%

TOTAL		Balance		-	7,670,323.99	4,475,289.33	4,834,035.18	16,979,648.50
		% Balance		0.00%	2.94%	1.72%	1.85%	6.51%
		# Loans		-	54	29	29	112
		% # Loans		0.00%	3.52%	1.89%	1.89%	7.29%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 12 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Delinquency Report for December 27, 2004 Distribution


	Delinquency Report - Non Conform. Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			6,739,868.17	2,735,320.47	1,210,309.93	10,685,498.57
		% Balance			2.74%	1.11%	0.49%	4.34%
		# Loans			44	20	12	76
		% # Loans			3.25%	1.48%	0.89%	5.62%
FORECLOSURE		Balance		-	-	-	2,137,746.47	2,137,746.47
		% Balance		0.00%	0.00%	0.00%	0.87%	0.87%
		# Loans		-	-	-	16	16
		% # Loans		0.00%	0.00%	0.00%	1.18%	1.18%
BANKRUPTCY		Balance		-	-	-	774,493.94	774,493.94
		% Balance		0.00%	0.00%	0.00%	0.31%	0.31%
		# Loans		-	-	-	6	6
		% # Loans		0.00%	0.00%	0.00%	0.44%	0.44%
REO		Balance		-	-	-	431,560.84	431,560.84
		% Balance		0.00%	0.00%	0.00%	0.18%	0.18%
		# Loans		-	-	-	2	2
		% # Loans		0.00%	0.00%	0.00%	0.15%	0.15%

TOTAL		Balance		-	6,739,868.17	2,735,320.47	4,554,111.18	14,029,299.82
		% Balance		0.00%	2.74%	1.11%	1.85%	5.70%
		# Loans		-	44	20	36	100
		% # Loans		0.00%	3.25%	1.48%	2.66%	7.39%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 13 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	REO Report for December 27, 2004 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Conform.; REO Book Value = Not Available
Total Original Principal Balance = 000.00				Loan Group 2 = Non Conform.; REO Book Value = Not Available
Total Current Balance = 000.00
REO Book Value = Not Available

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


				Page 14 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Foreclosure Report for December 27, 2004 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 14				Loan Group 1 = Conform.
Total Original Principal Balance = 2,009,602.00				Loan Group 2 = Non Conform.
Total Current Balance = 1,993,252.61


Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

1000146300 1		188,010.00	186,572.17	Jun-01-04	7.990%	AZ - 90.00%	360	Dec-23-03
5000074818 1		292,500.00	289,972.60	Jun-01-04	8.250%	MN - 90.00%	360	Oct-03-03
5000083869 1		115,992.00	115,155.46	Jul-01-04	8.300%	TX - 80.00%	360	Dec-31-03
6000080319 1		154,000.00	152,847.00	Aug-01-04	8.100%	NY - 56.00%	360	Dec-23-03
7000090539 1		148,000.00	146,558.18	Aug-01-04	6.750%	CA - 74.00%	360	Dec-18-03
8000003533 1		276,000.00	274,016.02	Jul-01-04	8.300%	NY - 80.00%	360	Dec-22-03
1000105570 2		53,100.00	52,467.16	Jun-01-04	8.650%	MI - 90.00%	360	Apr-24-03
1000123373 2		106,250.00	105,197.10	Jun-01-04	7.950%	FL - 85.00%	360	Sep-22-03
5000069572 2		93,750.00	93,034.36	Aug-01-04	9.250%	IL - 75.00%	360	Sep-16-03
5000072574 2		152,000.00	150,870.68	Jul-01-04	9.000%	IL - 80.00%	360	Sep-26-03
5000072628 2		78,400.00	77,737.61	Jul-01-04	8.750%	TX - 80.00%	360	Sep-16-03
5000076188 2		153,600.00	152,409.37	Jun-01-04	8.800%	MI - 100.00%	360	Oct-31-03
6000071178 2		110,000.00	108,866.17	Jul-01-04	7.750%	NY - 40.74%	360	Sep-19-03
6000084076 2		88,000.00	87,548.73	Aug-01-04	9.950%	GA - 80.00%	360	Dec-30-03


				Page 15 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Prepayment Report for December 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						NON CONFORM.	CONFORM.	TOTAL

	*Current*
	Number of Paid in Full Loans					65	78	143
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					65	78	143

	Paid in Full Balance					11,584,578.16	15,514,920.76	27,099,498.92
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					37,386.84	6,429.15	43,815.99
	Total Prepayment Amount					11,621,965.00	15,521,349.91	27,143,314.91

	*Cumulative*
	Number of Paid in Full Loans					456	388	844
	Number of Repurchased Loans					-	1	1
	Total Number of Loans Prepaid in Full					456	389	845

	Paid in Full Balance					86,815,789.49	72,728,475.79	159,544,265.28
	Repurchased Loans Balance					-	244,000.00	244,000.00
	Curtailments Amount					370,377.09	396,605.55	766,982.64
	Total Prepayment Amount					87,186,166.58	73,369,081.34	160,555,247.92

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 16 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Prepayment Report for December 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						NON CONFORM.	CONFORM.	TOTAL

	SMM					4.51%	5.62%	5.08%
	3 Months Avg SMM					4.59%	4.61%	4.60%
	12 Months Avg SMM
	Avg SMM Since Cut-off					3.71%	3.05%	3.37%

	CPR					42.50%	50.04%	46.52%
	3 Months Avg CPR					43.09%	43.23%	43.16%
	12 Months Avg CPR
	Avg CPR Since Cut-off					36.44%	31.03%	33.75%

	PSA					1645.47%	2163.63%	1903.50%
	3 Months Avg PSA Approximation					1805.13%	2042.55%	1920.27%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					1920.95%	1913.09%	1921.63%



	Conform.
	Non Conform.


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 17 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Prepayment Report for December 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments

	Conform.
	Non Conform.

CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*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 and repurchases.
Dates correspond to distribution dates.

				Page 18 of 27				© COPYRIGHT 2004 Deutsche Bank


	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Prepayment Detail Report for December 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 143						Loan Group 1 = Conform.
Total Original Principal Balance = 27,339,782.00						Loan Group 2 = Non Conform.
Total Prepayment Amount = 27,099,498.92


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

1000123289 1			268,059.00	264,534.15	Nov-19-04	6.350%	CA - 80.00%	Paid Off - 360	Sep-08-03
1000124146 1			50,000.00	49,323.49	Nov-02-04	12.250%	CA - 100.00%	Paid Off - 240	Sep-05-03
1000124206 1			253,725.00	250,978.10	Nov-15-04	7.100%	CA - 85.00%	Paid Off - 360	Sep-05-03
1000126121 1			292,000.00	288,061.65	Nov-22-04	6.350%	CA - 80.00%	Paid Off - 360	Aug-25-03
1000128046 1			290,000.00	287,568.26	Nov-03-04	8.400%	CA - 74.36%	Paid Off - 360	Sep-12-03
1000128615 1			315,680.00	311,654.46	Nov-11-04	6.240%	CA - 80.00%	Paid Off - 360	Sep-05-03
1000128947 1			159,200.00	159,200.00	Nov-22-04	5.500%	CA - 80.00%	Paid Off - 360	Sep-23-03
1000129171 1			300,000.00	296,356.52	Nov-09-04	6.500%	CA - 65.22%	Paid Off - 360	Sep-09-03
1000130836 1			48,600.00	47,803.65	Nov-05-04	10.750%	CA - 100.00%	Paid Off - 240	Sep-17-03
1000131470 1			312,000.00	308,157.68	Nov-04-04	6.500%	CA - 80.00%	Paid Off - 360	Sep-23-03
1000131754 1			193,500.00	192,031.42	Nov-03-04	8.900%	CA - 75.00%	Paid Off - 360	Sep-23-03
1000132876 1			271,800.00	268,948.01	Nov-29-04	6.990%	CA - 90.00%	Paid Off - 360	Oct-03-03
1000134226 1			13,000.00	12,279.09	Nov-16-04	12.000%	CA - 95.00%	Paid Off - 120	Oct-07-03
1000136522 1			249,756.00	249,756.00	Nov-30-04	5.900%	CA - 80.00%	Paid Off - 360	Oct-22-03
1000137900 1			250,250.00	248,522.01	Nov-19-04	8.500%	CA - 65.00%	Paid Off - 360	Nov-03-03
1000138693 1			61,800.00	61,027.92	Nov-02-04	11.490%	CA - 100.00%	Paid Off - 240	Nov-06-03
1000138981 1			200,000.00	198,315.27	Nov-24-04	7.500%	CA - 60.61%	Paid Off - 360	Nov-14-03
1000139877 1			248,000.00	245,329.49	Nov-29-04	6.300%	CA - 80.00%	Paid Off - 360	Nov-12-03
1000140454 1			154,000.00	152,858.55	Nov-03-04	7.650%	MI - 77.97%	Paid Off - 360	Dec-02-03
1000140853 1			300,000.00	296,755.53	Nov-29-04	6.200%	CA - 80.00%	Paid Off - 360	Nov-20-03
1000141363 1			248,000.00	248,000.00	Nov-03-04	5.250%	CA - 80.00%	Paid Off - 360	Dec-10-03
1000141399 1			62,000.00	61,151.08	Nov-03-04	9.990%	CA - 100.00%	Paid Off - 240	Dec-10-03
1000141722 1			299,000.00	296,203.58	Nov-03-04	6.450%	MA - 65.00%	Paid Off - 360	Dec-04-03
1000141723 1			175,000.00	173,624.05	Nov-24-04	7.850%	CA - 58.33%	Paid Off - 360	Nov-20-03
1000141731 1			300,000.00	297,201.14	Nov-30-04	6.500%	CA - 80.00%	Paid Off - 360	Dec-02-03
1000142280 1			150,000.00	148,542.87	Nov-02-04	6.250%	CA - 68.18%	Paid Off - 360	Nov-25-03
1000143716 1			188,720.00	188,720.00	Nov-29-04	5.900%	CA - 80.00%	Paid Off - 360	Dec-05-03
1000143996 1			271,200.00	271,176.47	Nov-30-04	5.650%	CA - 80.00%	Paid Off - 360	Dec-10-03
1000144053 1			31,485.00	31,189.32	Nov-02-04	12.900%	CA - 95.00%	Paid Off - 240	Dec-04-03
1000144261 1			156,000.00	154,365.83	Nov-08-04	6.050%	CA - 80.00%	Paid Off - 360	Dec-09-03
1000144307 1			132,300.00	131,347.92	Nov-29-04	7.800%	NV - 90.00%	Paid Off - 360	Dec-18-03
1000144376 1			296,000.00	293,504.18	Nov-19-04	6.990%	CA - 80.00%	Paid Off - 360	Dec-15-03
1000144667 1			172,000.00	170,227.33	Nov-05-04	5.990%	CA - 80.00%	Paid Off - 360	Dec-10-03
1000144948 1			252,200.00	250,274.77	Nov-29-04	7.500%	CA - 80.00%	Paid Off - 360	Dec-19-03
1000145117 1			271,200.00	271,200.00	Nov-29-04	6.250%	CA - 80.00%	Paid Off - 360	Dec-18-03
1000145320 1			332,000.00	328,774.91	Nov-29-04	6.250%	CA - 78.12%	Paid Off - 360	Dec-23-03
1000146538 1			153,750.00	151,901.40	Nov-15-04	5.100%	CA - 75.00%	Paid Off - 360	Dec-23-03
5000073685 1			17,500.00	14,485.91	Nov-17-04	11.150%	IL - 95.00%	Paid Off - 60	Sep-26-03
5000075714 1			288,000.00	284,959.81	Nov-17-04	6.800%	NY - 90.00%	Paid Off - 360	Oct-21-03
5000079634 1			179,000.00	178,998.11	Nov-01-04	7.050%	MN - 89.50%	Paid Off - 360	Nov-25-03
5000081538 1			195,000.00	193,056.27	Nov-02-04	6.990%	MD - 89.45%	Paid Off - 360	Dec-10-03
5000082134 1			330,000.00	327,836.32	Nov-08-04	8.450%	IL - 75.00%	Paid Off - 360	Dec-17-03
5000082651 1			112,800.00	112,764.93	Nov-24-04	6.800%	NV - 80.00%	Paid Off - 360	Dec-17-03
6000051079 1			315,000.00	310,915.35	Nov-03-04	8.500%	FL - 100.00%	Paid Off - 360	Feb-06-03

					Page 19 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Prepayment Detail Report for December 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

6000074115 1			130,320.00	129,238.97	Nov-23-04	7.200%	RI - 80.00%	Paid Off - 360	Dec-17-03
6000075514 1			260,100.00	257,922.90	Nov-23-04	7.990%	FL - 90.00%	Paid Off - 360	Oct-21-03
6000078976 1			115,920.00	115,118.45	Nov-17-04	8.000%	FL - 80.00%	Paid Off - 360	Dec-12-03
6000079172 1			178,650.00	176,975.29	Nov-30-04	6.950%	MD - 90.00%	Paid Off - 360	Nov-24-03
6000080210 1			212,721.00	212,717.66	Nov-29-04	7.400%	SC - 100.00%	Paid Off - 360	Dec-02-03
6000080769 1			67,000.00	66,620.51	Nov-22-04	8.990%	FL - 100.00%	Paid Off - 360	Dec-02-03
6000081410 1			205,000.00	203,189.60	Nov-16-04	6.750%	NY - 83.67%	Paid Off - 360	Dec-09-03
6000081607 1			6,000.00	5,688.62	Nov-23-04	11.649%	NY - 95.00%	Paid Off - 120	Dec-31-03
6000082047 1			146,000.00	144,771.27	Nov-29-04	7.000%	MN - 78.92%	Paid Off - 360	Dec-15-03
6000082258 1			157,500.00	156,474.35	Nov-12-04	8.300%	FL - 75.00%	Paid Off - 360	Dec-24-03
6000083622 1			290,000.00	287,990.72	Nov-16-04	7.990%	FL - 100.00%	Paid Off - 360	Dec-22-03
7000086677 1			284,000.00	284,000.00	Nov-29-04	6.375%	CA - 80.00%	Paid Off - 360	Dec-02-03
7000087693 1			324,800.00	322,170.69	Nov-01-04	7.200%	HI - 80.00%	Paid Off - 360	Dec-19-03
7000088146 1			140,000.00	139,941.55	Nov-10-04	7.990%	MI - 100.00%	Paid Off - 360	Dec-19-03
7000088152 1			143,500.00	142,770.29	Nov-09-04	9.990%	CA - 69.66%	Paid Off - 360	Nov-26-03
7000088236 1			222,275.00	222,275.00	Nov-17-04	6.100%	CA - 85.00%	Paid Off - 360	Dec-03-03
7000088474 1			312,000.00	309,473.13	Nov-08-04	7.700%	CA - 84.78%	Paid Off - 360	Nov-21-03
7000088514 1			119,000.00	118,020.52	Nov-15-04	7.200%	CA - 85.00%	Paid Off - 360	Dec-05-03
7000088517 1			202,500.00	201,143.45	Nov-24-04	8.650%	CA - 90.00%	Paid Off - 360	Nov-26-03
7000088585 1			189,000.00	186,990.63	Nov-22-04	6.500%	CA - 90.00%	Paid Off - 360	Nov-21-03
7000088744 1			257,000.00	255,065.05	Nov-10-04	7.850%	CA - 72.39%	Paid Off - 360	Dec-11-03
7000088882 1			212,000.00	212,000.00	Nov-15-04	6.750%	CA - 80.00%	Paid Off - 360	Dec-02-03
7000089446 1			280,000.00	277,755.32	Nov-08-04	7.250%	HI - 73.68%	Paid Off - 360	Dec-08-03
7000089479 1			280,000.00	280,000.00	Nov-19-04	4.500%	CA - 80.00%	Paid Off - 360	Dec-05-03
7000089500 1			270,000.00	267,877.34	Nov-05-04	7.350%	NV - 100.00%	Paid Off - 360	Dec-12-03
7000089742 1			208,000.00	206,091.42	Nov-30-04	6.550%	CA - 80.00%	Paid Off - 360	Dec-09-03
7000089908 1			159,750.00	158,153.65	Nov-11-04	6.100%	CA - 90.00%	Paid Off - 360	Dec-12-03
7000090088 1			231,000.00	229,147.98	Nov-02-04	7.500%	CA - 100.00%	Paid Off - 360	Dec-19-03
7000090992 1			162,000.00	160,541.57	Nov-16-04	6.650%	WA - 80.00%	Paid Off - 360	Dec-23-03
8000001395 1			140,000.00	138,640.07	Nov-30-04	7.600%	NY - 51.85%	Paid Off - 360	Oct-14-03
8000002912 1			55,895.00	55,314.38	Nov-18-04	12.900%	NJ - 100.00%	Paid Off - 240	Nov-18-03
8000003023 1			189,000.00	187,311.95	Nov-02-04	7.200%	MI - 100.00%	Paid Off - 360	Nov-25-03
8000003372 1			178,500.00	176,846.36	Nov-10-04	6.500%	NY - 70.00%	Paid Off - 360	Dec-04-03
8000004000 1			148,000.00	146,799.27	Nov-17-04	7.900%	MA - 80.00%	Paid Off - 360	Dec-15-03
1000000945 2			402,900.00	399,972.03	Nov-18-04	7.750%	CA - 85.00%	Paid Off - 360	Dec-10-03
1000117444 2			227,500.00	225,287.13	Nov-15-04	8.750%	CA - 70.00%	Paid Off - 360	Jun-25-03
1000121384 2			148,000.00	146,381.28	Nov-02-04	7.250%	CA - 80.00%	Paid Off - 360	Sep-16-03
1000123815 2			200,000.00	197,571.58	Nov-02-04	6.500%	CA - 80.00%	Paid Off - 360	Sep-05-03
1000124657 2			164,000.00	162,404.46	Nov-17-04	7.650%	CA - 80.00%	Paid Off - 360	Sep-02-03
1000125513 2			280,000.00	276,756.99	Nov-03-04	7.150%	CA - 80.00%	Paid Off - 360	Aug-19-03
1000126475 2			208,000.00	205,591.62	Nov-02-04	6.750%	CA - 80.00%	Paid Off - 360	Sep-18-03
1000126766 2			248,000.00	245,443.83	Nov-15-04	7.750%	CA - 77.50%	Paid Off - 360	Aug-25-03
1000126834 2			123,120.00	121,326.83	Nov-29-04	5.990%	CA - 80.00%	Paid Off - 360	Aug-27-03
1000127341 2			256,000.00	252,736.05	Nov-04-04	6.250%	CA - 80.00%	Paid Off - 360	Sep-05-03
1000127542 2			257,143.00	253,870.05	Nov-02-04	6.250%	CA - 80.00%	Paid Off - 360	Sep-08-03
1000128457 2			140,800.00	139,272.38	Nov-04-04	7.350%	CA - 80.00%	Paid Off - 360	Sep-08-03
1000128521 2			153,000.00	150,768.17	Nov-29-04	7.350%	CA - 82.70%	Paid Off - 360	Sep-15-03
1000128765 2			346,525.00	342,512.71	Nov-19-04	6.750%	CA - 93.03%	Paid Off - 360	Sep-04-03
1000129142 2			212,500.00	210,472.83	Nov-22-04	7.750%	CA - 85.00%	Paid Off - 360	Sep-23-03
1000129593 2			188,500.00	186,317.43	Nov-23-04	6.750%	CA - 68.55%	Paid Off - 360	Sep-16-03
1000130685 2			201,150.00	198,925.57	Nov-24-04	6.990%	CA - 90.00%	Paid Off - 360	Sep-16-03
1000131394 2			392,000.00	387,663.71	Nov-02-04	6.990%	CA - 80.00%	Paid Off - 360	Sep-22-03

					Page 20 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Prepayment Detail Report for December 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

1000131427 2			156,800.00	152,450.90	Nov-24-04	8.650%	CA - 80.00%	Paid Off - 360	Sep-24-03
1000138287 2			327,000.00	325,494.71	Nov-05-04	9.990%	CA - 75.00%	Paid Off - 360	Dec-02-03
1000139554 2			61,900.00	61,277.95	Nov-04-04	13.150%	CA - 100.00%	Paid Off - 240	Nov-11-03
1000139813 2			60,000.00	59,300.39	Nov-22-04	11.250%	CT - 100.00%	Paid Off - 240	Dec-10-03
1000140833 2			117,000.00	115,675.90	Nov-30-04	12.250%	CA - 100.00%	Paid Off - 240	Nov-17-03
1000141202 2			340,000.00	337,506.57	Nov-30-04	8.200%	CA - 85.00%	Paid Off - 360	Nov-20-03
1000141953 2			23,700.00	22,607.24	Nov-11-04	11.750%	FL - 100.00%	Paid Off - 120	Dec-17-03
1000142533 2			343,920.00	340,882.81	Nov-19-04	6.750%	CA - 80.00%	Paid Off - 360	Dec-01-03
1000143580 2			376,000.00	371,396.51	Nov-30-04	5.000%	CA - 80.00%	Paid Off - 360	Dec-08-03
1000144451 2			7,350.00	6,286.04	Nov-29-04	11.249%	NV - 95.00%	Paid Off - 60	Dec-18-03
1000144565 2			96,000.00	95,252.60	Nov-05-04	7.400%	AZ - 80.00%	Paid Off - 360	Dec-19-03
1000145166 2			350,000.00	349,961.68	Nov-11-04	6.500%	CA - 100.00%	Paid Off - 360	Dec-15-03
1000145695 2			72,300.00	71,643.23	Nov-24-04	13.150%	NV - 100.00%	Paid Off - 240	Dec-17-03
1000147062 2			132,000.00	131,388.46	Nov-19-04	9.990%	CA - 77.65%	Paid Off - 360	Dec-19-03
5000066610 2			188,000.00	185,874.96	Nov-30-04	7.650%	IL - 80.00%	Paid Off - 360	Jun-27-03
5000071257 2			100,000.00	98,996.24	Nov-30-04	7.490%	AZ - 80.00%	Paid Off - 360	Sep-24-03
5000072583 2			168,720.00	166,979.57	Nov-18-04	7.350%	CA - 80.00%	Paid Off - 360	Sep-23-03
5000072754 2			89,000.00	88,181.53	Nov-24-04	8.650%	IL - 100.00%	Paid Off - 360	Oct-03-03
5000072755 2			112,800.00	111,518.58	Nov-18-04	6.850%	IL - 80.00%	Paid Off - 360	Oct-01-03
5000075513 2			79,000.00	77,824.36	Nov-22-04	11.240%	MN - 100.00%	Paid Off - 240	Oct-09-03
5000081552 2			57,400.00	56,772.78	Nov-16-04	11.750%	PA - 100.00%	Paid Off - 240	Dec-05-03
5000081675 2			33,600.00	33,232.82	Nov-17-04	11.750%	MN - 100.00%	Paid Off - 240	Dec-10-03
5000082758 2			131,250.00	130,545.40	Nov-18-04	9.250%	CO - 75.00%	Paid Off - 360	Dec-19-03
6000056354 2			60,000.00	59,574.42	Nov-05-04	10.900%	MD - 100.00%	Paid Off - 360	Apr-15-03
6000058521 2			400,000.00	394,875.01	Nov-03-04	7.990%	MA - 100.00%	Paid Off - 360	Apr-30-03
6000068071 2			132,000.00	130,855.10	Nov-11-04	8.300%	NJ - 80.00%	Paid Off - 360	Sep-09-03
6000070922 2			108,000.00	107,138.65	Nov-18-04	8.650%	FL - 80.00%	Paid Off - 360	Sep-05-03
6000071369 2			134,320.00	133,170.92	Nov-02-04	8.300%	CT - 80.00%	Paid Off - 360	Sep-12-03
6000073573 2			195,000.00	193,580.38	Nov-11-04	9.100%	FL - 75.00%	Paid Off - 360	Sep-23-03
6000073848 2			80,000.00	79,206.25	Nov-29-04	7.550%	FL - 80.00%	Paid Off - 360	Sep-25-03
6000076200 2			409,500.00	406,406.83	Nov-29-04	8.700%	MD - 70.00%	Paid Off - 360	Nov-25-03
6000082060 2			97,500.00	97,002.91	Nov-29-04	9.500%	RI - 75.00%	Paid Off - 360	Dec-16-03
6000082652 2			136,500.00	135,488.30	Nov-29-04	7.650%	GA - 63.49%	Paid Off - 360	Dec-23-03
7000073840 2			240,000.00	237,263.72	Nov-05-04	7.950%	NY - 80.00%	Paid Off - 360	Jun-26-03
7000080433 2			206,400.00	203,772.86	Nov-09-04	6.250%	CA - 80.00%	Paid Off - 360	Sep-02-03
7000080548 2			164,000.00	162,154.75	Nov-30-04	6.900%	CA - 80.00%	Paid Off - 360	Sep-15-03
7000081283 2			272,000.00	268,269.43	Nov-14-04	5.850%	CA - 80.00%	Paid Off - 360	Sep-09-03
7000082184 2			100,000.00	98,665.03	Nov-11-04	6.000%	CA - 80.00%	Paid Off - 360	Sep-16-03
7000085640 2			74,628.00	73,737.49	Nov-04-04	12.550%	VA - 100.00%	Paid Off - 240	Oct-24-03
7000085891 2			53,000.00	52,275.05	Nov-01-04	11.500%	CA - 100.00%	Paid Off - 240	Oct-24-03
7000086486 2			428,000.00	423,038.18	Nov-24-04	7.250%	CA - 80.00%	Paid Off - 360	Oct-30-03
7000087386 2			64,000.00	63,356.93	Nov-16-04	13.150%	CA - 100.00%	Paid Off - 240	Nov-11-03
7000087531 2			264,000.00	261,286.60	Nov-05-04	5.950%	NJ - 80.00%	Paid Off - 360	Dec-23-03
7000089255 2			70,600.00	69,748.80	Nov-08-04	10.990%	CA - 100.00%	Paid Off - 240	Dec-10-03
7000089748 2			52,000.00	51,373.03	Nov-30-04	10.990%	CA - 100.00%	Paid Off - 240	Dec-09-03
7000090062 2			348,000.00	348,000.00	Nov-03-04	6.100%	CA - 80.00%	Paid Off - 360	Dec-11-03
7000091235 2			40,500.00	40,011.64	Nov-16-04	10.990%	WA - 100.00%	Paid Off - 240	Dec-23-03


					Page 21 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Realized Loss Report for December 27, 2004 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES						NON CONFORM.	CONFORM.	TOTAL

	*Current*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	*Cumulative*
	Number of Loans Liquidated					2	-	2
	Collateral Realized Loss/(Gain) Amount					55,021.45	-	55,021.45
	Net Liquidation Proceeds					538,885.86	-	538,885.86

	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.

SPACE INTENTIONALLY LEFT BLANK


	Conform.						3 Months Moving Average
	Non Conform.

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 22 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Realized Loss Report for December 27, 2004 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS						NON CONFORM.	CONFORM.	TOTAL

	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.07%	0.00%	0.03%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.03%	0.00%	0.01%

	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR					0.85%	0.00%	0.41%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.32%	0.00%	0.16%

	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					3.55%	0.00%	1.84%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					1.68%	0.00%	0.88%

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

	Conform.
	Non Conform.
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 23 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Realized Loss Report for December 27, 2004 Distribution


	Realized Loss Report - Collateral

	Conform.
	Non Conform.

CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


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 24 of 27				© COPYRIGHT 2004 Deutsche Bank


	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Realized Loss Detail Report for December 27, 2004 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution

SUMMARY							LOAN GROUP
Total Loan Count Current Losses = 0
Total Loan Count Revisions = 0						Loan Group 1 = Conform.
Total Prior Principal Balance = 0.00						Loan Group 2 = Non Conform.
Total Current Realized Loss Amount = 0.00
Total Revisions Amount = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.

Loan Number			Current	State &		Prior	Realized		Cumulative
&		Loan	Note	LTV at	Original	Principal	Loss/(Gain)	Realized	Realized
Loan Group		Status	Rate	Origination	Term	Balance	Revisions	Loss/(Gain)	Loss/(Gain)
SPACE INTENTIONALLY LEFT BLANK


					Page 25 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 27, 2004 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS						NON CONFORM.	CONFORM.	TOTAL

	Step Down Date?							No
	Trigger Event Occuring?							No
	Delinquency Percentage							3.274506%
	Beginning Credit Enhancement Percentage							25.427492%
	Ending Credit Enhancement Percentage							26.808685%


ADJUSTABLE RATE CERTIFICATE INFORMATION						NON CONFORM.	CONFORM.	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION						NON CONFORM.	CONFORM.	TOTAL
SPACE INTENTIONALLY LEFT BLANK


				Page 26 of 27				© COPYRIGHT 2004 Deutsche Bank
	Fremont Home Loan Trust 2004-1
	Asset Backed Certificates

	Additional Certificate Report for December 27, 2004 Distribution


	Additional Certificate Report


	CLASS			Net Month End Interest Shortfalls	Relief Act Interest Shortfalls	Net WAC Rate Carryover Amt	Unpaid Realized Loss Amt	Interest Carry Forward Amt

	I-A1			0.00	0.00	0.00	0.00	0.00
	II-A1			0.00	0.00	0.00	0.00	0.00
	II-A2			0.00	0.00	0.00	0.00	0.00
	II-A3			0.00	0.00	0.00	0.00	0.00
	M-1			0.00	0.00	0.00	0.00	0.00
	M-2			0.00	0.00	0.00	0.00	0.00
	M-3			0.00	0.00	0.00	0.00	0.00
	M-4			0.00	0.00	0.00	0.00	0.00
	M-5			0.00	0.00	0.00	0.00	0.00
	M-6			0.00	0.00	0.00	0.00	0.00
	M-7			0.00	0.00	0.00	0.00	0.00
	M-8			0.00	0.00	0.00	0.00	0.00
	M-9			0.00	0.00	0.00	0.00	0.00
	B			0.00	0.00	0.00	0.00	0.00
	C			0.00	0.00	0.00	0.00	0.01


				Page 27 of 27				© COPYRIGHT 2004 Deutsche Bank

FREMONT HOME LOAN TRUST 2004-1 8-K