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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
March 14, 2000
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Date of Report (Date of earliest event reported)
FIRST UNION RESIDENTIAL SECURITIZATION TRANSACTIONS, INC., (as
depositor under the Pooling and Servicing Agreement dated as of
February 1, 1999, which forms FURST Mortgage Loan Trust 1999-A, which
issued Mortgage Pass-Through Certificates, Series 1999-A).
FIRST UNION RESIDENTIAL SECURITIZATION TRANSACTIONS, INC.
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(Exact Name of Registrant as Specified in its Charter)
North Carolina 333-3574 56-1967773
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(State or Other Jurisdiction of (Commission File Numbers) (I.R.S. Employer
Incorporation) Identification No.)
301 SOUTH COLLEGE STREET, CHARLOTTE, NORTH CAROLINA 28228-0600
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(Address of Principal Executive Officers) (ZIP code)
(704) 383-3624
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(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
Exhibit Index appears on Page [5]
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ITEM 5. OTHER EVENTS.
On February 24, 1999 (the "Closing Date"), a single series of
certificates, entitled First Union Residential Securitization Transactions,
Inc., FURST Mortgage Loan Trust 1999-A, Mortgage Pass-Through Certificates,
Series 1999-A (the "Certificates"), issued pursuant to a Pooling and Servicing
Agreement (the "Pooling and Servicing Agreement") dated as of February 1, 1999,
attached hereto as Exhibit 4.1, among First Union Residential Securitization
Transactions, Inc., as depositor (the "Registrant"), First Union National Bank,
as seller (the "Seller"), as master servicer and as trust administrator, and
Norwest Bank Minnesota, National Association, as trustee (in such capacity, the
"Trustee") and document custodian. The Certificates consist of twelve classes
identified as the "Class 1A Certificates," the "Class 1A-PO Certificates," the
"Class 1A-WIO Certificates," the "Class A-R Certificate," the "Class A-LR
Certificate," the "Class M Certificates," the "Class B-1 Certificates," the
"Class B-2 Certificates," the "Class B-3 Certificates," the "Class B-4
Certificates," the "Class B-5 Certificates," and the "Class 2A Certificates,"
respectively, and were issued in exchange for, and evidence the entire
beneficial ownership interest in, the assets of a trust fund (the "Trust Fund")
consisting primarily of two pools of fixed-rate, first-lien mortgage loans (the
"Mortgage Loans") secured by mortgages, security deeds or deeds of trust on
primarily one-to four-family residential properties, all monies received
thereunder on or after a specified cut-off date, security interests in the
properties which secure the Mortgage Loans and certain other property. The
aggregate principal balance of the Mortgage Loans that were conveyed to the
Trust Fund on the Closing Date as of February 1, 1999 (the "Cut-Off Date") was
$212,629,523.
The Class 1A, Class 1A-PO, Class 1A-WIO, Class A-R, Class
A-LR, Class M, Class B-1, Class B-2 and Class 2A Certificates were publicly
offered, as described in a Prospectus, dated July 24, 1998, and a Prospectus
Supplement, dated February 22, 1999, as previously filed with the Securities and
Exchange Commission pursuant to Rule 424(b)(5).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits:
1.1 Underwriting Agreement, dated February 22,
1999, among First Union Residential
Securitization Transactions, Inc., First
Union National Bank, First Union Capital
Markets Corp. and PaineWebber Incorporated.
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4.1 Pooling and Servicing Agreement, dated as of
February 1, 1999, among First Union
Residential Securitization Transactions,
Inc. as depositor, First Union National Bank
as seller, master servicer and as trust
administrator and Norwest Bank Minnesota,
National Association, as trustee and
document custodian.
4.2 Mortgage Loan Purchase Agreement, dated as
of February 1, 1999, between First Union
Residential Securitization Transactions,
Inc. and First Union National Bank.
8.1 Opinion of Kilpatrick Stockton LLP as to tax
matters.
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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.
FIRST UNION RESIDENTIAL SECURITIZATION
TRANSACTIONS, INC.
By : /s/ Patrick J. Tadie
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Patrick J. Tadie, Vice President
Date: March 14, 2000
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EXHIBIT NUMBER DESCRIPTION
1.1 Underwriting Agreement, dated February 22, 1999,
among First Union Residential Securitization
Transactions, Inc., First Union National Bank, First
Union Capital Markets Corp. and PaineWebber
Incorporated.
4.1 Pooling and Servicing Agreement, dated as of February
1, 1999, among First Union Residential Securitization
Transactions, Inc. as depositor, First Union National
Bank as seller, master servicer and trust
administrator and Norwest Bank Minnesota, National
Association, as trustee and document custodian.
4.2 Mortgage Loan Purchase Agreement, dated as of
February 1, 1999, between First Union Residential
Securitization Transactions, Inc. and First Union
National Bank.
8.1 Opinion of Kilpatrick Stockton LLP as to tax matters.
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