SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                    FORM 10-K/A

                   Annual Report Pursuant to Section 13 or 15(d)
                      of the Securities Exchange Act of 1934

                             For the fiscal year ended
                                 December 31, 1999

                        Commission file number:  333-67329-04

                         FINANCIAL ASSET SECURITIES CORP.,
           as Depositor, United PanAm Mortgage Corporation, as Seller, Pan
           American Bank, FSB, as Seller and Master Servicer, and Bankers
           Trust Company, as trustee (the "Trustee") under the Pooling
           and Servicing Agreement, dated as of March 1, 1999, providing
           for the issuance of the United PanAm Mortgage Loan Trust 1999-1
           Asset-Backed Certificates, Series 1999-1.


         UNITED PANAM MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 1999-1
                (Exact name of Registrant as specified in its Charter)

           DELAWARE                                    06-1442101
           (State or other jurisdiction                (I.R.S. Employer
           incorporation or organization)              Identification Number)

           600 STEAMBOAT ROAD
           GREENWICH, CONNECTICUT                      06830
           (Address of principal executive offices)    (Zip Code)

            Registrant's telephone number, including area code:
                               (203) 622-2700

          Securities registered pursuant to Section 12(b) of the Act:
                               NOT APPLICABLE.

          Securities registered pursuant to Section 12(g) of the Act:
                               NOT APPLICABLE.

     Indicate by check mark whether the Registrant (1) has filed all reports
     required to be filed by Section 13 or 15(d) of the Securities Exchange
     Act of 1934 during the preceding 12 months (or for such shorter period
     that the Registrant was required to file such reports), and (2) has been
     subject to such filing requirements for the past 90 days.  Yes  X  No

     Indicate by check mark if disclosure of delinquent filers pursuant to
     Item 405 of Regulation S-K is not contained herein, and will not be
     contained, to the best of the Registrant's knowledge, in definitive proxy
     or information statements incorporated by reference in Part III of the
     Form 10-K or any amendment to this Form 10-K.  [  ].

     Aggregate market value of voting stock held by non-affiliates of the
     Registrant as of December 31, 1999:  NOT APPLICABLE.

     Number of shares of common stock outstanding as of December 31, 1999:
     NOT APPLICABLE.


     ITEM 8.  Financial Statements and Supplementary Data.


     Officer's Annual Statement as to Compliance by United PanAm Mortgage dated
     May 19, 2000.

     Report of Independent Certified Public Accountant by
     PricewaterhouseCoopers dated March 24, 2000.

     Management Assertion on Compliance with USAP by Ocwen Financial dated
     March 24, 2000.

     Report of Independent Public Accountants by Arthur Andersen LLP dated
     August 26, 1999.

     Annual Statement as to Compliance by Fairbanks Capital Corp. dated August
     26, 1999.


     PART IV

     ITEM 14.  Exhibits, Financial Statement Schedules, and Reports on Form
     8-K.

     (a)  The following is a list of documents filed as part of this report:

     EXHIBITS


     Officer's Annual Statement as to Compliance by United PanAm Mortgage dated
     May 19, 2000.

     Report of Independent Certified Public Accountant by
     PricewaterhouseCoopers dated March 24, 2000.

     Management Assertion on Compliance with USAP by Ocwen Financial dated
     March 24, 2000.

     Report of Independent Public Accountants by Arthur Andersen LLP dated
     August 26, 1999.

     Annual Statement as to Compliance by Fairbanks Capital Corp. dated August
     26, 1999.


                                     SIGNATURE

          Pursuant to the requirements of Section 13 or 15(d) of the
          Securities Exchange Act of 1934, the Registrant has duly caused
          this report to be signed on its behalf by the undersigned,
          thereunto duly authorized.

                             By:  Bankers Trust Company not in its individual
                                  capacity but solely as a duly authorized
                                  agent of the Registrant pursuant to the
                                  Pooling and Servicing Agreement, dated as of
                                  March 1, 1999.


                                  By:  /s/Judy L. Gomez
                                  Judy L. Gomez
                                  Assistant Vice President

     Date:  August 14, 2000


     EXHIBIT INDEX

     Exhibit Document

     1.1  Officer's Annual Statement as to Compliance by United PanAm Mortgage
          dated May 19, 2000.

     1.2  Report of Independent Certified Public Accountant by
          PricewaterhouseCoopers dated March 24, 2000.

     1.3  Management Assertion on Compliance with USAP by Ocwen Financial dated
          March 24, 2000.

     1.4  Report of Independent Public Accountants by Arthur Andersen LLP dated
          August 26, 1999.

     1.5  Annual Statement as to Compliance by Fairbanks Capital Corp. dated
          August 26, 1999.