8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): April 16, 2009 (April 15, 2009)

FREMONT GENERAL CORPORATION

(Exact Name of Registrant as Specified in Charter)

Nevada	001-08007	95-2815260
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

2727 East Imperial Highway
Brea, California	92821
(Address of Principal Executive Offices)	(Zip Code)

(Registrant’s Telephone Number, Including Area Code) (714) 961-5000

Not Applicable

(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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

Filing of Monthly Operating Report for the Month Ended March 31, 2009 with the United States Trustee

On April 15, 2009, Fremont General Corporation (the “Company”) filed its monthly operating report for the month ended March 31, 2009 (the “March Monthly Operating Report”), with the United States Trustee for the Central District of California, Santa Ana Division (the “United States Trustee”).

Before reading the March Monthly Operating Report, we strongly urge you to read the Cautionary Statement Regarding the March Monthly Operating Report below.

The March Monthly Operating Report is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Cautionary Statement Regarding March Monthly Operating Report

The March Monthly Operating Report contains financial information that has not been audited or reviewed by independent registered accountants, is not presented in accordance with generally accepted accounting principles and may be subject to future reconciliation and adjustments. The information contained in the March Monthly Operating Report has been prepared in accordance with applicable law under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) and is not to be used for investment purposes. There can be no assurance that the March Monthly Operating Report is complete. The Company may amend or otherwise change the information contained in the March Monthly Operating Report at a future date. Results set forth in the March Monthly Operating Report should not be viewed as indicative of future results.

The information contained in the March Monthly Operating Report represents financial information of the Company only and does not include financial information for its indirect wholly-owned subsidiary, Fremont Reorganizing Corporation (formerly known as “Fremont Investment & Loan”). The March Monthly Operating Report should under no circumstances be relied upon or viewed as a substitute, supplement or replacement for financial information that is filed with the U.S. Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number	Description
Exhibit 99.1	Fremont General Corporation Monthly Operating Report for the month ended March 31, 2009

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.

	FREMONT GENERAL CORPORATION
Date: April 16, 2009	By:	/s/ Richard A. Sanchez
		Name:	Richard A. Sanchez
		Title:	Interim President and Chief Executive Officer

EX-99.1

Exhibit 99.1

UNITED STATES DEPARTMENT OF JUSTICE
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA

In Re:		CHAPTER 11 (BUSINESS)
Fremont General Corporation		Case Number:	8:08-bk-13421
		Operating Report Number:	10
	Debtor	For the Month Ending:	31-Mar-09

I. CASH RECEIPTS AND DISBURSEMENTS
A. (GENERAL ACCOUNT — MASTER DEMAND ACCOUNT)

1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS (1)			12,188,545
2. LESS: TOTAL TRANSFERS AND DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS			12,183,762
3. BEGINNING BALANCE:			4,784
4. RECEIPTS DURING CURRENT PERIOD:
Accounts Receivable — Post-filing		—
Accounts Receivable — Pre-filing		—
General Sales		—
Other (Specify)     Transfers from Money Market Acct		1,919,000
TOTAL RECEIPTS THIS PERIOD:			1,919,000
5. BALANCE:			1,923,784
6. LESS: TOTAL TRANSFERS AND DISBURSEMENTS DURING CURRENT PERIOD
Transfers to Other DIP Accounts (from page 2)			—
Disbursements (from page 2)			1,918,880
7. ENDING BALANCE:			4,904
8. General Account Number(s):	Well Fargo # xxxxxx1638 (2)
Depository Name & Location:	Wells Fargo Bank — Pasadena Commercial Banking
	350 W. Colorado Blvd, Suite 210, Pasadena, CA 91105

	Notes
(1)	Receipts reflected in Master Demand Account include collections prior to the petition date.
(2)	Where indicated by an “x” throughout the MOR, the applicable digit has been hidden to prevent theft or other unauthorized access to the account. The information will be available to parties in interest upon reasonable request.

Page 1 of 14

TOTAL DISBURSEMENTS FROM GENERAL ACCOUNT FOR CURRENT PERIOD

Date	Check			*Amount		**Amount
mm/dd/yyyy	Number	Payee or DIP account	Purpose	Transferred		Disbursed		Amount
3/4/2009	wire	John Charles Loring	Travel Expense Reimbursement			$	532	$	532
3/4/2009	wire	Bowne of Los Angeles Inc	A/P vendor payments				615		615
3/4/2009	wire	Shareholder.com	A/P vendor payments				885		885
3/4/2009	wire	Solon Group, Inc.	Professional fees				3,055		3,055
3/4/2009	wire	CRG Partners Group LLC	Professional fees				18,398		18,398
3/4/2009	wire	KPMG Corporate Finance LLC	Professional fees				26,842		26,842
3/4/2009	wire	Weiland, Golden, Smiley, Wang, Ekvall, and Strok LLP	Professional fees				81,999		81,999
3/4/2009	wire	Patton Boggs LLP	Professional fees				171,750		171,750
3/4/2009	wire	Stutman, Treister, and Glatt PC	Professional fees				193,467		193,467
3/4/2009	wire	Patton Boggs LLP	Professional fees				291,921		291,921
3/4/2009	6000000407	LA Fine Arts	A/P vendor payments				330		330
3/4/2009	6000000408	Mellon Investor Services LLC	A/P vendor payments				2,841		2,841
3/11/2009	wire	Bowne of Los Angeles Inc	A/P vendor payments				350		350
3/11/2009	wire	Barney Northcote	Director Fees				5,833		5,833
3/11/2009	wire	David S. Depillo	Director Fees				5,833		5,833
3/11/2009	wire	John Charles Loring	Director Fees				5,833		5,833
3/11/2009	wire	Robert Shackleton	Director Fees				5,833		5,833
3/11/2009	wire	Mark Schaffer	Director Fees				5,833		5,833
3/11/2009	wire	Kurtzman Carson Consultants	Professional fees				11,595		11,595
3/11/2009	wire	FTI Consulting	Professional fees				133,538		133,538
3/11/2009	wire	Epstein, Becker, & Green P.C.	Professional fees				142,778		142,778
3/11/2009	6000000409	Iron Mountain Records Mgmt Inc	A/P vendor payments				1,048		1,048
3/11/2009	6000000410	Stephen H. Gordon	Director Fees				5,833		5,833
3/18/2009	wire	CRG Partners Group LLC	Professional fees				4,090		4,090
3/18/2009	wire	Solon Group, Inc.	Professional fees				10,452		10,452
3/18/2009	wire	Weiland, Golden, Smiley, Wang, Ekvall, and Strok LLP	Professional fees				60,011		60,011
3/18/2009	wire	Klee, Tuchin, Bogdanoff & Stern LLP	Professional fees				142,368		142,368
3/18/2009	6000000411	Iron Mountain Records Mgmt Inc	A/P vendor payments				1,444		1,444
3/18/2009	6000000412	William M. Stern	OEC Member - Travel Expense Reimbursement				1,156		1,156
3/20/2009	wire	Wells Fargo	Client Analysis Service Charge				2,638		2,638
3/25/2009	wire	Stutman, Treister, and Glatt PC	Professional fees				147,141		147,141
3/25/2009	wire	FTI Consulting	Professional fees				181,393		181,393
3/25/2009	wire	Epstein, Becker, & Green P.C.	Professional fees				251,245		251,245
									—
			TOTAL DISBURSEMENTS THIS PERIOD:	$	—	$	1,918,880	$	1,918,880

*	Fill in amounts in this column if they are TRANSFERS to another DIP account (e.g. Payroll or Tax); the “amount” column will be filled in for you.
**	Fill in amounts in this column if they are DISBURSEMENTS to outside payees; the “amount” column will be filled in for you.

Page 2 of 14

GENERAL ACCOUNT
BANK RECONCILIATION

	Bank statement Date:			3/31/2009	Balance on Statement:		$	10,737
Plus deposits in transit (a):
			Deposit Date		Deposit Amount
TOTAL DEPOSITS IN TRANSIT							$	—
Less Outstanding Checks (a):
	Check Number		Check Date		Check Amount
		6000000410		3/11/2009		5,833
TOTAL OUTSTANDING CHECKS:							$	5,833
Bank statement Adjustments:
Explanation of Adjustments-
ADJUSTED BANK BALANCE:							$	4,904

Page 3 of 14

I. CASH RECEIPTS AND DISBURSEMENTS
B. (COMMERCIAL MONEY MARKET ACCOUNT)

1. TOTAL RECEIPTS PER ALL PRIOR REPORTS			31,718,649
2. LESS: TOTAL TRANSFERS AND DISBURSEMENTS PER ALL PRIOR REPORTS			5,218,594
3. BEGINNING BALANCE:			26,500,055
4. RECEIPTS DURING CURRENT PERIOD:
Transferred from General Account
Transferred from Overnight Investment Account
Interest Income		2,582
TOTAL RECEIPTS THIS PERIOD:			2,582
5. BALANCE:			26,502,637
6. LESS: TOTAL TRANSFERS AND DISBURSEMENTS DURING CURRENT PERIOD
Transfers to Other DIP Accounts (from page 5)			1,919,000
Disbursements (from page 5)			3,172
7. ENDING BALANCE:			24,580,464
8. COMMERCIAL MONEY MARKET ACCOUNT Number(s):	xxxxxx8097
Depository Name & Location:	Wells Fargo Bank — Pasadena Commercial Banking
	350 W. Colorado Blvd, Suite 210, Pasadena, CA 91105

Page 4 of 14

TOTAL DISBURSEMENTS FROM COMMERCIAL MONEY MARKET ACCOUNT FOR CURRENT PERIOD

Date	Check			*Amount		**Amount
mm/dd/yyyy	Number	Payee	Purpose	Transferred		Disbursed		Amount
3/4/2009	wire	Fremont General Corporation	Bank account transfer	$	793,000			$	793,000
3/11/2009	wire	Fremont General Corporation	Bank account transfer		324,000				324,000
3/18/2009	wire	Fremont General Corporation	Bank account transfer		220,000				220,000
3/20/2009	wire	Wells Fargo	Client Analysis Service Charge				3,172		3,172
3/25/2009	wire	Fremont General Corporation	Bank account transfer		582,000				582,000
			TOTAL DISBURSEMENTS THIS PERIOD:	$	1,919,000		$3,172		$1,922,172

*	Fill in amounts in this column if they are TRANSFERS to another DIP account (e.g. Payroll or Tax); the “amount” column will be filled in for you.
**	Fill in amounts in this column if they are DISBURSEMENTS to outside payees; the “amount” column will be filled in for you.

Page 5 of 14

COMMERCIAL MONEY MARKET ACCOUNT
BANK RECONCILIATION

	Bank statement Date:		3/31/2009	Balance on Statement:	$	24,580,464
Plus deposits in transit (a):
		Deposit Date		Deposit Amount
TOTAL DEPOSITS IN TRANSIT						0
Less Outstanding Checks (a):
	Check Number	Check Date		Check Amount
TOTAL OUTSTANDING CHECKS:						0
Bank statement Adjustments:
Explanation of Adjustments-
ADJUSTED BANK BALANCE:					$	24,580,464

*	It is acceptable to replace this form with a similar form
**	Please attach a detailed explanation of any bank statement adjustment

Page 6 of 14

II. STATUS OF PAYMENTS TO SECURED CREDITORS, LESSORS
AND OTHER PARTIES TO EXECUTORY CONTRACTS

	Frequency of Payments				Post-Petition payments
Creditor, Lessor, Etc.	(Mo/Qtr)		Amount of Payment		not made (Number)		Total Due
—		—		—		—		—
					TOTAL DUE:			—

III. TAX LIABILITIES

FOR THE REPORTING PERIOD:	March 31, 2009
		Gross Sales Subject to Sales Tax:	—
		Total Wages Paid:	—

		Total Post-Petition		Date Delinquent
		Amounts Owing	Amount Delinquent	Amount Due
	Federal Withholding	—	—	N/A
	State Withholding	—	—	N/A
	FICA- Employer’s Share	—	—	N/A
	FICA- Employee’s Share	—	—	N/A
	Federal Unemployment	—	—	N/A
	Sales and Use	—	—	N/A
	Real Property	—	—	N/A
Other:
	TOTAL:	—	—

Page 7 of 14

I. D SUMMARY SCHEDULE OF CASH

ENDING BALANCES FOR THE PERIOD:	3/31/2009
(Provide a copy of monthly account statements for each of the below)
	General Account:	4,904
	Money Market Account:	24,580,464
	Payroll Account: (1)	N/A
Other Accounts:
Other Monies:
	Petty Cash (from below):	—
TOTAL CASH AVAILABLE:			24,585,368
Petty Cash Transactions: Date	Purpose	Amount
TOTAL PETTY CASH TRANSACTIONS:		N/A	—

(1) The Debtor’s payroll account has been closed.

Page 8 of 14

IV. AGING OF ACCOUNTS PAYABLE AND RECEIVABLE

	Accounts Payable		Accounts Receivable
	Post-Petition		Pre-Petition		Post-Petition
30 days or less		2,475		—		—
31 - 60 days		10,726		—		—
61 - 90 days		—				—
91 - 120 days		—				—
Over 120 days		22,717		118,819
TOTAL:		35,919		118,819

V. INSURANCE COVERAGE

				Policy Expiration	Premium Paid
Name of Carrier	Insurance Type	Amount of Coverage		Date	Through (Date)
XL Specialty	Directors & Officers		15,000,000	1/01/09-4/01/09	4/1/09
Continental Casualty	Excess D&O		15,000,000	1/01/09-4/01/09	4/1/09
U.S. Specialty	Excess D&O		15,000,000	1/01/09-4/01/09	4/1/09
RSUI Indemnity	Excess D&O		15,000,000	1/01/09-4/01/09	4/1/09
Allied World Natl	Excess D&O		10,000,000	1/01/09-4/01/09	4/1/09
U.S. Specialty	Excess D&O		10,000,000	1/01/09-4/01/09	4/1/09
Liberty Mutual	Excess D&O		10,000,000	1/01/09-4/01/09	4/1/09
Navigators Ins.	Excess D&O		10,000,000	1/01/09-4/01/09	4/1/09
Westchester Surplus	Excess D&O		10,000,000	1/01/09-4/01/09	4/1/09
Platte River	Excess D&O		10,000,000	1/01/09-4/01/09	4/1/09
Scottsdale Ins.	Excess D&O		5,000,000	1/01/09-4/01/09	4/1/09
XL Specialty	Run-off D&O		20,000,000	1/01/07-1/01/14	1/1/14
Continental Casualty	Run-off D&O		15,000,000	1/01/07-1/01/14	1/1/14
RSUI Indemnity	Run-off D&O		15,000,000	1/01/07-1/01/14	1/1/14
New Mkts Undrwrtr	Run-off D&O		10,000,000	1/01/07-1/01/14	1/1/14
Platte River	Run-off D&O		10,000,000	1/01/07-1/01/14	1/1/14
St. Paul Mercury	Run-off D&O		10,000,000	1/01/07-1/01/14	1/1/14
Federal Insurance	Run-off D&O		10,000,000	1/01/07-1/01/14	1/1/14
Liberty Mutual	Run-off D&O		10,000,000	1/01/07-1/01/14	1/1/14
Columbia Casualty	Fiduciary Liability		10,000,000	1/01/09-4/01/09	4/1/09
XL Specialty	Excess Fiduciary Liability		10,000,000	1/01/09-4/01/09	4/1/09
U.S. Specialty	Excess Fiduciary Liability		10,000,000	1/01/09-4/01/09	4/1/09
Navigators Ins.	Excess Fiduciary Liability		10,000,000	1/01/09-4/01/09	4/1/09
Allied World Natl	Excess Fiduciary Liability		5,000,000	1/01/09-4/01/09	4/1/09
Westchester Surplus	Excess Fiduciary Liability		5,000,000	1/01/09-4/01/09	4/1/09
XL Specialty	Run-off Fiduciary		15,000,000	1/01/07-1/01/14	1/1/14
Capital Indemnity	Run-off Fiduciary		10,000,000	1/01/07-1/01/14	1/1/14
Federal Insurance	Run-off Fiduciary		10,000,000	1/01/07-1/01/14	1/1/14
Houston Casualty	Run-off Fiduciary		5,000,000	1/01/07-1/01/14	1/1/14
National Union Fire	Crime Coverage		15,000,000	1/01/09-4/01/09	4/1/09
Zurich American	Excess Crime Coverage		15,000,000	1/01/09-4/01/09	4/1/09
Continental Ins.	Excess Crime Coverage		10,000,000	1/01/09-4/01/09	4/1/09
Federal Insurance	Errors & Omissions		5,000,000	1/01/09-4/01/09	4/1/09
U.S. Specialty	Excess E&O		5,000,000	1/01/09-4/01/09	4/1/09
Federal Insurance	Commercial Automobile		1,000,000	1/01/09-1/01/10	1/1/10
Federal Insurance	Commercial Excess and Umbrella		5,000,000	1/01/09-1/01/10	1/1/10
Great American	Excess Umbrella		20,000,000	1/01/09-1/01/10	1/1/10
Federal Insurance	Commercial Package		14,499,247	1/01/09-1/01/10	1/1/10
State Compensation Fund of CA	Workers Compensation		1,000,000	1/01/09-1/01/10	1/1/10

Page 9 of 14

VI. UNITED STATES TRUSTEE QUARTERLY FEES
(TOTAL PAYMENTS)

	Total Disbursements							Quarterly Fees Still
Quarterly Period Ending (Date)	(during Quarter)		Quarterly Fees		Date Paid	Amount Paid		Owing
June 30, 2008		0		325	22-Aug-2008		325	—
June 30, 2008		0		1	1-Oct-2008		1	—
September 30, 2008		851,493		4,875	19-Nov-2008		4,875	—
December 31, 2008		3,817,827		10,400	21-Jan-2009		10,400	—
March 31, 2009		3,442,105		10,400					10,400
								—
								—
								—
								—
								—
								—
								—
								—
								—
								—
								—
								—
								—
				26,001			15,601		10,400

Page 10 of 14

VII SCHEDULE OF COMPENSATION PAID TO INSIDERS

	Date of Order Authorizing		Gross Compensation
Name of Insider	Compensation	Authorized Gross Compensation	Paid During the Month
No compensation disbursements      made to insiders during the period.

VIII. SCHEDULE OF OTHER AMOUNTS PAID TO INSIDERS

	Date of Order Authorizing		Amount Paid During the
Name of Insider	Compensation	Description	Month
Robert Shackleton	9/29/08	Director fees		5,833
Mark Schaffer	9/29/08	Director fees		5,833
John Charles Loring	9/29/08	Director fees / Travel Expense Reimbursement		6,365
Barney Northcote	9/29/08	Director fees		5,833
David S. Depillo	9/29/08	Director fees		5,833
Stephen H. Gordon	9/29/08	Director fees		5,833

Page 11 of 14

IX. PROFIT AND LOSS STATEMENT
(ACCRUAL BASIS ONLY)

	Current Month			Cumulative Post-Petition
	3/31/09			6/19/08-3/31/09
Sales/Revenue:
Net Sales/Revenue	$	—		$	—
Cost of Goods Sold:
Cost of Goods Sold (COGS)		—			—
Gross Profit		—			—
Other Operating Income (Itemize)		—			—
Operating Expenses:
Payroll - Insiders		—			—
Compensation- regular (intercompany allocation)		104,216			1,368,957
Compensation- group insurance		—			—
Compensation- 401(k)/ESOP/Incentive		629			(1,720,358	)
Occupancy		1,708			498,214
Payroll Taxes					—
Other Taxes (Itemize)		—			—
Information systems		4,305			28,191
Advertising and promotion					23,635
Telecom		—			2,932
Travel					1,243
Printing and supplies		1,720			16,793
Postage					(29,156	)
All other		41,696			396,280
Depreciation and Amortization		2,072			20,683
Rent Expense - Real Property					—
Lease Expense - Personal Property		—			—
Insurance		162,303			1,531,629
Miscellaneous Operating Expenses (Itemize)		—			—
Total Operating Expenses		318,649			2,139,043
Net Gain/(Loss) from Operations		(318,649	)		(2,139,043	)
Non-Operating Income:
Interest Income		2,591			208,881
Net Gain on Sale of Assets (Itemize)		—			—
Other — Equity in Earnings of Subsidiaries		(3,978,030	)		157,364,061
Other (Itemize) — SERP		—			(75,276	)
Total Non-Operating income		(3,975,439	)		157,497,666
Non-Operating Expenses:
Interest Expense (1)		23,914			224,792
Legal and Professional (Itemize) (2)		1,094,591			8,375,339
Other (Itemize)		—			—
Total Non-Operating Expenses		1,118,505			8,600,131
NET INCOME/(LOSS)	$	(5,412,593	)	$	146,758,492

	Notes:
(1)	Represents amortization of capitalized debt issuance costs.
(2)	Represents professional fee accruals (estimates) by the Debtor for financial statement (GAAP) purposes.

Page 12 of 14

X. BALANCE SHEET
(ACCRUAL BASIS ONLY)

	Current Month End
ASSETS
Current Assets:
Unrestricted Cash	$	24,585,368
Accounts Receivable		118,819
Intercompany Receivable		605,289
Prepaid Expenses		3,013,407
Other (Itemize) — SERP / EBP Accounts & Other Benefit Accounts		11,710,998
Other (Itemize) — Investment — FG Financing		3,092,777
Total Current Assets					43,126,658
Property, Plant, and Equipment		287,014
Accumulated Depreciation/Depletion		(121,157	)
Net Property, Plant, and Equipment					165,857
Other Assets (Net of Amortization):
Other (Itemize) — GSOP Merrill Lynch Acct. xxx-37M01		14,921
Investment in Subsidiary		441,947,086
Total Other Assets					441,962,007
TOTAL ASSETS				$	485,254,522
LIABILITIES
Post-petition Liabilities:
Accounts Payable		35,919
Accruals (1)		2,354,367
Taxes Payable		—
Professional fees		—
Accrued Interest Payable		—
Other		1,877,898
Total Post-petition Liabilities					4,268,184
Pre-petition Liabilities / Liabilities Subject to Compromise:
Priority Liabilities		—
Unsecured Liabilities (1)		341,534,807
Total Pre-petition Liabilities					341,534,807
TOTAL LIABILITIES					345,802,991
EQUITY:
Pre-petition Owners’ Equity		(17,544,686	)
Post-petition Profit/(Loss)		146,758,492
Direct Charges to Equity		10,237,725
TOTAL EQUITY					139,451,531
TOTAL LIABILITIES & EQUITY				$	485,254,522

	Notes:
(1)	Includes accruals (estimates) by the Debtor for financial statement presentation (GAAP) purposes.

Page 13 of 14

XI. QUESTIONNAIRE

		No	Yes
1.	Has the debtor-in-possession made any payments on its pre-petition unsecured debt, except as have been authorized by the court? If “Yes”, explain below:	þ	o
		No	Yes
2.	Has the debtor-in-possession during this reporting period provided compensation or remuneration to any officers, directors, principals, or other insiders without appropriate authorization? If “Yes”, explain below:	þ	o
3.	State what progress was made during the reporting period toward filing a plan of reorganization.
	There is currently no update on the Debtor’s plan of reorganization.
4.	Describe potential future developments which may have a significant impact on the case:
	None
5.	Attach copies of all Orders granting relief from the automatic stay that were entered during the reporting period.
	See “Order Granting Motion for Relief From the Automatic Stay,” filed and entered on March 24, 2009 [Docket No. 555].	No	Yes
6.	Did you receive any exempt income this month, which is not set forth in the operating report? If “Yes”, please set forth the amounts and sources of the income below.	þ	o
I,	Thea Stuedli, Chief Financial Officer of Fremont General Corporation
	declare under penalty of perjury that I have fully read and understood the foregoing debtor-in-possession operating report and that the information contained herein is true and complete to the best of my knowledge.

Page 14 of 14

Attorney or Party Name, Address, Telephone & Fax Numbers, and California State Bar Number	FOR COURT USE ONLY
Robert W. Jones (State Bar No. TX 10951200) Brent R. McIlwain (State Bar No. TX 24013140) Kristen N. Beall (State Bar No. TX 24059049) Patton Boggs LLP 2001 Ross Avenue, Suite 3000 Dallas, Texas 75201 214/758-1500-Phone       214-758-1550-Facsimile o Individual appearing without counsel þ Attorney for Movant
UNITED STATES BANKRUPTCY COURT
CENTRAL DISTRICT OF CALIFORNIA
In re: Fremont General Corporation,	CHAPTER: 11
a Nevada corporation,
	CASE NO.: 8:08-bk-13421-ES
	DATE:       March 3, 2009
	TIME:        9:30 am
	CTRM:      5A
Debtor(s).	FLOOR:

ORDER GRANTING MOTION FOR RELIEF FROM THE AUTOMATIC STAY
UNDER 11 U.S.C. § 362 (Personal Property)
(MOVANT: Fremont General Corporation and Fremont Reorganizing Corporation)

1.	The Motion was:		o Contested	þ Uncontested	o Settled by Stipulation
2.	The Motion affects the following personal property (“Property”):
	o	Vehicle (describe year, manufacturer, type and model):
	Vehicle Identification Number:
	Location of vehicle (if known):
	o	Equipment (describe manufacturer, type, and characteristics):
	Serial numbers(s):
	Location (if known):
	þ	Other Personal Property (describe type, identifying information, and location): BPL for Financial Institutions No. 8207-7796 Issued by Federal Insurance Company for January 1, 2007 to January 1, 2008.
	o	See Exhibit                      attached to this Order.

3.	The Motion is granted under:	o 11 U.S.C. § 362(d)(1)	þ 11 U.S.C. § 362(d)(2)
4.	As to Movant, its successors, transferees and assigns (“Movant”), the stay of 11 U.S.C. § 362(a) is:
	a.    o Terminated as to Debtor(s) and Debtor’s(s’) bankruptcy estate.
	b.    o Annulled retroactively to the date of the bankruptcy petition filing.

This form is mandatory by Order of the United States Bankruptcy Court for the Central District of California.

January 2009

Order on Motion for Relief from Stay (Personal Property)

In re: Fremont General Corporation,
a Nevada corporation,		CHAPTER:	11
	Debtor(s).	CASE NUMBER:	8:08-bk-13421-ES

     c.       þ  Modified or conditioned as set forth below:

i.	The automatic stay is lifted to the extent it applies to the use of the proceeds of the BPL for Financial Institutions Policy No. 9207-7796 (the “Policy”) issued by Federal Insurance Company as contemplated in the Motion, and to permit Federal Insurance Company to advance to Fremont Reorganizing Corporation, under the terms and conditions of the Policy, certain defense costs that Fremont Reorganizing Corporation has incurred and is continuing to incur in certain litigation (described more fully in the Memorandum of Points and Authorities in Support of Motion of Debtor and FRC for Relief from Automatic Stay to Permit Insurer to Pay “BPL” Insurance Policy Proceedsing; and Declaration of John W. Schryber (the “Memorandum”)[Docket No. 270] as the “Massachusetts Litigation”);
ii.	Nothing in this Order shall constitute a determination that the proceeds of the Policy issued by Federal Insurance Company are property of the Debtor’s estate and the rights of all parties in interest to assert that the proceeds of the Policy are, or are not, property of the Debtor’s estate are reserved; and
iii.	With respect to lawsuits that may be tendered to Federal Insurance Company by Fremont General Corporation or Fremont Reorganizing Corporation in the future, the automatic stay is lifted to permit advances of Defense Costs (as defined in the Memorandum) incurred in any lawsuits that Federal Insurance Company may determine to be covered under the Policy without further order of the court.

5.	o	Movant may enforce its remedies to repossess or otherwise obtain possession and dispose of the Property in accordance with applicable non-bankruptcy law, but may not pursue any deficiency claim against the Debtor(s) or property of the estate except by filing a Proof of Claim pursuant to 11 U.S.C. § 501.
6.	o	Movant shall not repossess the Property before the following date (specify):
7.	o	The stay shall remain in effect subject to the terms and conditions set forth in the Adequate Protection Attachment to this Order.
8.	o	In chapter 13 cases, the trustee shall not make any further payments on account of Movant’s secured claim after entry of this Order. The secured portion of Movant’s claim is deemed withdrawn upon entry of this Order without prejudice to Movant’s right to file an amended unsecured claim for any deficiency. Absent a stipulation or order to the contrary, Movant shall return to the trustee any payments received from the trustee on account of Movant’s secured claim after entry of this Order.

This form is mandatory by Order of the United States Bankruptcy Court for the Central District of California.

January 2009

Order on Motion for Relief from Stay (Personal Property)

In re: Fremont General Corporation,		CHAPTER:		11
a Nevada corporation,
	Debtor(s).	CASE NUMBER:	8:08-bk-13421-ES

9.	This Court further orders as follows:
	a.	o	This Order shall be binding and effective despite any conversion of this bankruptcy case to a case under any other chapter of Title 11 of the United States Code.
	b.	þ	The 10-day stay provided by Bankruptcy Rule 4001(a)(3) is waived.
	c.	o	The provisions set forth in the Extraordinary Relief Attachment shall also apply (attach Optional Form F 4001-10-ER).
	d.	o	See attached continuation page for additional provisions.

###

DATED: March 24, 2009
	United States Bankruptcy Judge

This form is mandatory by Order of the United States Bankruptcy Court for the Central District of California.

January 2009

Order on Motion for Relief from Stay (Personal Property)

In re: Fremont General Corporation,           a Nevada corporation,		CHAPTER:           11
	Debtor(s).	CASE NUMBER: 8:08-bk-13421-ES

NOTE: When using this form to indicate service of a proposed order, DO NOT list any person or entity in Category I. Proposed orders do not generate an NEF because only orders that have been entered are placed on the CM/ECF docket.

PROOF OF SERVICE OF DOCUMENT

I am over the age of 18 and not a party to this bankruptcy case or adversary proceeding. My business address is:

A true and correct copy of the foregoing document described [Proposed] Order Granting Motion for Relief from the Automatic Stay Under 11 U.S.C. § 362 (Personal Property) will be served or was served (a) on the judge in chambers in the form and manner required by LBR 5005-2(d); and (b) in the manner indicated below:

I. TO BE SERVED BY THE COURT VIA NOTICE OF ELECTRONIC FILING (“NEF”) – Pursuant to controlling General Order(s) and Local Bankruptcy Rule(s) (“LBR”), the foregoing document will be served by the court via NEF and hyperlink to the document. On                                          , I checked the CM/ECF docket for this bankruptcy case or adversary proceeding and determined that the following person(s) are on the Electronic Mail Notice List to receive NEF transmission at the email address(es) indicated below:

None.
	o Service information continued on attached page

II. SERVED BY U.S. MAIL OR OVERNIGHT MAIL(indicate method for each person or entity served):
On March 9, 2009, I served the following person(s) and/or entity(ies) at the last known address(es) in this bankruptcy case or adversary proceeding by placing a true and correct copy thereof in a sealed envelope in the United States Mail, first class, postage prepaid, and/or with an overnight mail service addressed as follows. Listing the judge here constitutes a declaration that mailing to the judge will be completed no later than 24 hours after the document is filed.

See following page.
	þ Service information continued on attached page

III. SERVED BY PERSONAL DELIVERY, FACSIMILE TRANSMISSION OR EMAIL (indicate method for each person or entity served): Pursuant to F.R.Civ.P. 5 and/or controlling LBR, on                                         I served the following person(s) and/or entity(ies) by personal delivery, or (for those who consented in writing to such service method), by facsimile transmission and/or email as follows. Listing the judge here constitutes a declaration that personal delivery on the judge will be completed no later than 24 hours after the document is filed.

o Service information continued on attached page

I declare under penalty of perjury under the laws of the United States of America that the foregoing is true and correct.

03/9/2009          Melissa Altamirano	/s/ Melissa Altamirano
Date                    Type Name	Signature

This form is mandatory by Order of the United States Bankruptcy Court for the Central District of California.

January 2009

Order on Motion for Relief from Stay (Personal Property)

In re: Fremont General Corporation,           a Nevada corporation,		CHAPTER:           11
	Debtor(s).	CASE NUMBER: 8:08-bk-13421-ES

SERVICE BY THE COURT VIA NOTICE OF ELECTRONIC FILING (“NEF”)

SERVICE BY U.S. MAIL

Fremont Reorganizing Corporation (f/k/a Fremont Investment & Loan) 2727 East Imperial Highway Brea, CA 92821 Attn: General Counsel	Fremont General Corporation 2727 East Imperial Highway Brea, CA 92821 Attn: General Counsel
Defendant Federal Insurance Company 15 Mountainview Rd. Warren, New Jersey 07059-6711	John Thomas Gilbert John W. Schryber Robert W. Jones Patton Boggs LLP 2001 Ross Avenue, Suite 3000 Dallas, Texas 75201-8001
Wallace Christensen Troutman Sanders LLP 401 9th Street, N.W. Suite 1000 Washington, D.C. 20004-2134	United States Trustee 411 West Fourth Street, Suite 9041 Santa Ana, CA 92701-4593
	David J. Hensler Hogan & Hartson LLP 555 Thirteenth Street, NW Washington, DC 20004

SERVICE BY OVERNIGHT MAIL

This form is mandatory by Order of the United States Bankruptcy Court for the Central District of California.

January 2009

Order on Motion for Relief from Stay (Personal Property

In re: Fremont General Corporation,           a Nevada corporation,		CHAPTER:           11
	Debtor(s).	CASE NUMBER: 8:08-bk-13421-ES

NOTE TO USERS OF THIS FORM:

1) Attach this form to the last page of a proposed Order or Judgment. Do not file as a separate document.

2) The title of the judgment or order and all service information must be filled in by the party lodging the order.

3) Category I. below: The United States trustee and case trustee (if any) will always be in this category.

4) Category II. below: List ONLY addresses for debtor (and attorney), movant (or attorney) and person/entity (or attorney) who filed an opposition to the requested relief. DO NOT list an address if person/entity is listed in category I.

NOTICE OF ENTERED ORDER AND SERVICE LIST

Notice is given by the court that a judgment or order entitled (specify) Order Granting Motion for Relief from the Automatic Stay Under 11 U.S.C. §362 (Personal Property) was entered on the date indicated as “Entered” on the first page of this judgment or order and will be served in the manner indicated below:

I. SERVED BY THE COURT VIA NOTICE OF ELECTRONIC FILING (“NEF”) Pursuant to controlling General Order(s) and Local Bankruptcy Rule(s), the foregoing document was served on the following person(s) by the court via NEF and hyperlink to the judgment or order. As of March 9, 2009, the following person(s) are currently on the Electronic Mail Notice List for this bankruptcy case or adversary proceeding to receive NEF transmission at the email address(es) indicated below.

See following page.
	þ Service information continued on attached page

II. SERVED BY THE COURT VIA U.S. MAIL: A copy of this notice and a true copy of this judgment or order was sent by U.S. Mail to the following person(s) and/or entity(ies) at the address(es) indicated below:

See following page.
	þ Service information continued on attached page

III. TO BE SERVED BY THE LODGING PARTY: Within 72 hours after receipt of a copy of this judgment or order which bears an “Entered” stamp, the party lodging the judgment or order will serve a complete copy bearing an “Entered” stamp by U.S. Mail, overnight mail, facsimile transmission or email and file a proof of service of the entered order on the following person(s) and/or entity(ies) at the address(es), facsimile transmission number(s) and/or email address(es) indicated below:

þ Service information continued on attached page

This form is mandatory by Order of the United States Bankruptcy Court for the Central District of California.

January 2009

Order on Motion for Relief from Stay (Personal Property

In re: Fremont General Corporation,           a Nevada corporation,		CHAPTER:           11
	Debtor(s).	CASE NUMBER: 8:08-bk-13421-ES

SERVED BY THE COURT VIA NOTICE OF ELECTRONIC FILING (“NEF”)

Kristen N Beall	kbeall@pattonboggs.com, bmcilwain@pattonboggs.com
Dustin P Branch	dustin.branch@kattenlaw.com
Frank Cadigan	frank.cadigan@usdoj.gov
Jesse S Finlayson	jfinlayson@faw-law.com, wmills@faw-law.com
Matthew Heyn	mheyn@ktbslaw.com
Whitman L Holt	wholt@stutman.com
Mark D Houle	mark.houle@pillsburylaw.com
Michelle Hribar	mhribar@rutan.com
Lewis R Landau	lew@landaunet.com
Kerri A Lyman	klyman@irell.com
Robert S Marticello	Rmarticello@wgllp.com
Sarah D Moyed	moyeds@sec.gov
David L Osias	bcrfilings@allenmatkins.com, dosias@allenmatkins.com
Jonathan Petrus	jpetrus@ktbslaw.com
David M Poitras	dpoitras@jmbm.com
Michael B Reynolds	mreynolds@swlaw.com, kcollins@swlaw.com
Jonathon Shenson	jshenson@ktbslaw.com
Evan D Smiley	esmiley@wgllp.com
Philip E Strok	pstrok@wgllp.com
Samuel J Teele	steele@lowenstein.com
United States Trustee (SA)	ustpregion16.sa.ecf@usdoj.gov
Alan Z Yudkowsky	ayudkowsky@stroock.com

This form is mandatory by Order of the United States Bankruptcy Court for the Central District of California.

January 2009

Order on Motion for Relief from Stay (Personal Property)

In re: Fremont General Corporation,           a Nevada corporation,		CHAPTER:           11
	Debtor(s).	CASE NUMBER: 8:08-bk-13421-ES

SERVED BY THE COURT VIA NOTICE OF ELECTRONIC FILING (“NEF”) (CONT’D)

Scott H Yun syun@stutman.com

SERVED BY THE COURT VIA U.S. MAIL

Fremont General Corporation	Fremont Reorganizing Corporation (f/k/a
2727 East Imperial Highway	Fremont Investment & Loan)
Brea, CA 92821	2727 East Imperial Highway
Attn: General Counsel	Brea, CA 92821
	Attn: General Counsel

TO BE SERVED BY THE DEBTOR BY U.S. MAIL

Wallace Christensen	David J. Hensler
Troutman Sanders LLP	Hogan & Hartson LLP
401 9th Street, N.W. Suite 1000	555 Thirteenth Street, NW
Washington, D.C. 20004-2134	Washington, DC 20004

This form is mandatory by Order of the United States Bankruptcy Court for the Central District of California.

January 2009