1

                                                          Record Date: 10/31/99

                                                         Prior Period: 10/25/99

                                                    Distribution Date: 11/26/99

[FIRST UNION LOGO]

              FIRST UNION RESIDENTIAL SECURITIZATIONS TRANSACTIONS
                                 SERIES 1999-A
                         STATEMENT TO CERTIFICATEHOLDER



                                            ORIGINAL        BEGINNING                                              CURRENT
                             CERTIFICATE  CERTIFICATE      CERTIFICATE                                             REALIZED
    CLASS          CUSIP        RATE        BALANCE          BALANCE            INTEREST           PRINCIPAL         LOSS
- ---------------------------------------------------------------------------------------------------------------------------
                                                                                            
      1A         337403CM8       6.25%   150,744,000.00   135,150,012.86         703,906.32       1,203,605.32         0.00
 Factors per                                                                     4.66954784         7.98443268
   Thousand
 ---------------------------------------------------------------------------------------------------------------------------
     PO          337403CN7        N/A      1,438,164.00     1,399,888.38               0.00          14,597.60         0.00
 Factors per                                                                     0.00000000        10.15016368
   Thousand
- ---------------------------------------------------------------------------------------------------------------------------
   1A-WIO*       337403CP2       0.35%   113,352,150.00   102,292,470.72          29,932.46               0.00         0.00
 Factors per                                                                                        0.26406610   0.00000000
   Thousand
- ---------------------------------------------------------------------------------------------------------------------------
      2A         337403CQ0       6.28%    55,130,000.00    51,991,916.06         271,917.45          56,758.95         0.00
 Factors per                                                                     4.93229548         1.02954743
   Thousand
- ---------------------------------------------------------------------------------------------------------------------------
     A-R         337403CR8       6.25%            50.00             0.00           2,201.23               0.00         0.00
 Factors per                                                                 44024.60000000         0.00000000
   Thousand
- ---------------------------------------------------------------------------------------------------------------------------
     A-LR              N/A       6.25%            50.00             0.00               0.00               0.00         0.00
 Factors per                                                                     0.00000000         0.00000000
   Thousand
- ---------------------------------------------------------------------------------------------------------------------------
      M          337403CS6       6.26%     1,914,000.00     1,868,074.87           9,740.51           6,298.50         0.00
 Factors per                                                                     5.08908568         3.29075235
   Thousand
- ---------------------------------------------------------------------------------------------------------------------------
     B-1         337403CT4       6.26%     1,064,000.00     1,038,470.05           5,414.78           3,501.36         0.00
 Factors per                                                                     5.08907895         3.29075188
   Thousand
- ---------------------------------------------------------------------------------------------------------------------------
     B-2         337403CU1       6.26%       744,000.00       726,148.24           3,786.28           2,448.32         0.00
 Factors per                                                                     5.08908602         3.29075269
   Thousand
- ---------------------------------------------------------------------------------------------------------------------------
     B-3         337403CV8       6.26%       744,000.00       726,148.24           3,786.28           2,448.32         0.00
 Factors per                                                                     5.08908602         3.29075269
   Thousand
- ---------------------------------------------------------------------------------------------------------------------------
     B-4         337403CW7       6.26%       426,000.00       415,778.41           2,167.95           1,401.86         0.00
 Factors per                                                                     5.08908451         3.29075117
   Thousand
- ---------------------------------------------------------------------------------------------------------------------------
     B-5         337403CX5       6.26%       425,259.00       415,055.20           2,164.18           1,399.42         0.00
 Factors per                                                                     5.08908689         3.29074752
   Thousand
                                         ----------------------------------------------------------------------------------

- ---------------------------------------------------------------------------------------------------------------------------
    Totals                               212,629,523.00   193,731,492.31       1,035,017.44       1,292,459.65         0.00
===========================================================================================================================


                                          ENDING
                                       CERTIFICATE
    CLASS             DISTRIBUTION       BALANCE
- ----------------------------------------------------
                                
      1A             1,907,511.64     133,946,407.54
 Factors per          12.65398052       888.56874927
   Thousand
- ----------------------------------------------------
      PO                14,597.60       1,385,290.78
 Factors per          10.15016368       963.23561152
   Thousand
- ----------------------------------------------------
   1A-WIO*              29,932.46     101,449,435.50
 Factors per           0.26406610       894.99348270
   Thousand
- ----------------------------------------------------
      2A               328,676.40      51,935,157.11
 Factors per           5.96184292       942.04892273
   Thousand
- ----------------------------------------------------
     A-R                 2,201.23               0.00
 Factors per       44024.60000000         0.00000000
   Thousand
- ----------------------------------------------------
     A-LR                    0.00               0.00
 Factors per           0.00000000         0.00000000
   Thousand
- ----------------------------------------------------
      M                 16,039.01       1,861,776.37
 Factors per           8.37983804       972.71492685
   Thousand
- ----------------------------------------------------
     B-1                 8,916.14       1,034,968.69
 Factors per           8.37983083       972.71493421
   Thousand
- ----------------------------------------------------
     B-2                 6,234.60         723,699.92
 Factors per           8.37983871       972.71494624
   Thousand
- ----------------------------------------------------
     B-3                 6,234.60         723,699.92
 Factors per           8.37983871       972.71494624
   Thousand
- ----------------------------------------------------
     B-4                 3,569.81         414,376.55
 Factors per           8.37983568       972.71490610
   Thousand
- ----------------------------------------------------
     B-5                 3,563.60         413,655.78
 Factors per           8.37983441       972.71493372
   Thousand
- ----------------------------------------------------

                     -------------------------------
    Totals           2,327,477.09     192,439,032.66
====================================================


FIRST UNION NATIONAL BANK                                       ROBERT ASHBAUGH
STRUCTURED FINANCE TRUST SERVICES                                VICE PRESIDENT
230 SOUTH TRYON STREET, 9TH FLOOR                           PHONE: 704-383-9568
CHARLOTTE, NORTH CAROLINA  28288-1179                         FAX: 704-383-6039


   2

                                                          Record Date: 10/31/99

                                                         Prior Period: 10/25/99

                                                    Distribution Date: 11/26/99

[FIRST UNION LOGO]

              FIRST UNION RESIDENTIAL SECURITIZATIONS TRANSACTIONS
                                 SERIES 1999-A
                         STATEMENT TO CERTIFICATEHOLDER

                                     POOL 1

                            SCHEDULE OF REMITTANCE

                                                      

Scheduled Principal                            537,823.05
Prepayments                                    696,506.57
                                             ------------
TOTAL PRINCIPAL DISTRIBUTION                 1,234,329.62

Interest                                       805,678.76

(Master Servicing Fee)                           2,338.92
(Subservicing Fee)                              46,005.38
(Trust Administration Fee)                         994.04
(Trustee Fee)                                      584.73
                                             ------------
TOTAL INTEREST DISTRIBUTION                    755,755.69

TOTAL AVAILABLE FUNDS                        1,990,085.31
                                             ============






- ------------------------------------------------------------------------------
   DELINQUENCY                     NUMBER
   Information                     of Loans               Principal Balance
- ------------------------------------------------------------------------------
                                                    
Delinquent 30-59 Days                  0                        0.00
Delinquent 60-89 Days                  0                        0.00
Delinquent 90+ Days                    0                        0.00
- ------------------------------------------------------------------------------



                             COLLATERAL INFORMATION



                                                                  
Weighted Average to Maturity                                                    164
Weighted Average Loan Rate                                                 6.889316%

Agg. Beginning Principal Balance of Loans                            140,335,320.49
Agg. Ending Principal Balance of Loans                               139,100,990.87
Agg. Schd. Principal Balance of Discount Pool                         38,042,849.77

Previous Scheduled Principal Payments                                            --
Previous Prepayments                                                             --
Prior Weighted Average to Maturity                                              N/A
Prior Weighted Average Loan Rate                                                N/A

Realized Losses                                                                  --

Adjusted Pool Amount                                                 139,100,990.87
Adjusted Pool Amount (PO)                                            102,412,120.78
Class 1A-PO Deferred Amount                                                      --
Book Value of Real Estate acquired                                               --

Pool 1 Distribution Amount                                             1,990,085.31


FIRST UNION NATIONAL BANK                                       ROBERT ASHBAUGH
STRUCTURED FINANCE TRUST SERVICES                                VICE PRESIDENT
230 SOUTH TRYON STREET, 9TH FLOOR                           PHONE: 704-383-9568
CHARLOTTE, NORTH CAROLINA  28288-1179                         FAX: 704-383-6039

   3

                                                          Record Date: 10/31/99

                                                         Prior Period: 10/25/99

                                                    Distribution Date: 11/26/99

[FIRST UNION LOGO]

              FIRST UNION RESIDENTIAL SECURITIZATIONS TRANSACTIONS
                                 SERIES 1999-A
                         STATEMENT TO CERTIFICATEHOLDER

                                    POOL 1

CERTIFICATE INFORMATION



              Beginning Unpaid     Ending Unpaid       Non-Supported      Realized Loss                                   Class
             Interest Shortfall  Interest Shortfall  Interest Shortfall  Interest Portion                               Percentage

                                                                                                      
Class A-1             0.00             0.00                0.00               0.00          Group 1 A Percentage        96.980422%
Class 1A-WIO          0.00             0.00                0.00               0.00          Group 1 M Percentage         1.086927%
Class 1M              0.00             0.00                0.00               0.00          Group 1 B-1 Percentage       0.604227%
Class 1B-1            0.00             0.00                0.00               0.00          Group 1 B-2 Percentage       0.422505%
Class 1B-2            0.00             0.00                0.00               0.00          Group 1 B-3 Percentage       0.422505%
Class 1B-3            0.00             0.00                0.00               0.00          Group 1 B-4 Percentage       0.241918%
Class 1B-4            0.00             0.00                0.00               0.00          Group 1 B-5 Percentage       0.241497%
Class 1B-5            0.00             0.00                0.00               0.00



FIRST UNION NATIONAL BANK                                       ROBERT ASHBAUGH
STRUCTURED FINANCE TRUST SERVICES                                VICE PRESIDENT
230 SOUTH TRYON STREET, 9TH FLOOR                           PHONE: 704-383-9568
CHARLOTTE, NORTH CAROLINA  28288-1179                         FAX: 704-383-6039

   4

                                                          Record Date: 10/31/99

                                                         Prior Period: 10/25/99

                                                    Distribution Date: 11/26/99

[FIRST UNION LOGO]

              FIRST UNION RESIDENTIAL SECURITIZATIONS TRANSACTIONS
                                 SERIES 1999-A
                         STATEMENT TO CERTIFICATEHOLDER

                                     POOL 2

                             SCHEDULE OF REMITTANCE



                                                                      
Scheduled Principal                                                       52,134.72
Prepayments                                                                5,995.31
                                                                         ----------
TOTAL PRINCIPAL DISTRIBUTION                                              58,130.03

Interest                                                                 291,876.59

(Master Servicing Fee)                                                       889.94
(Subservicing Fee)                                                        11,124.20
(Trust Administration Fee)                                                   378.22
(Trustee Fee)                                                                222.48
                                                                         ----------
TOTAL NET INTEREST DISTRIBUTION                                          279,261.74
TOTAL AVAILABLE FUNDS                                                    337,391.77
                                                                         ==========






- ------------------------------------------------------------------------------
   DELINQUENCY                    NUMBER
   Information                    of Loans               Principal Balance
- ------------------------------------------------------------------------------
                                                   
Delinquent 30-59 Days                0                        0.00
Delinquent 60-89 Days                0                        0.00
Delinquent 90+ Days                  0                        0.00
- ------------------------------------------------------------------------------



                             COLLATERAL INFORMATION




                                                                   
Weighted Average to Maturity                                                    348
Weighted Average Mortgage Rate                                             6.559494%

Agg. Beginning Principal Balance of Loans                             53,396,171.31
Agg. Ending Principal Balance of Loans                                53,338,041.28

Previous Scheduled Principal Payments                                            --
Previous Prepayments                                                             --

Prior Weighted Average to Maturity                                              N/A
Prior Weighted Average Loan Rate                                                N/A

Realized Losses                                                                  --

Adjusted Pool Amount                                                  53,338,041.28

Book Value of Real Estate acquired                                               --
Pool 2 Distribution Amount                                               337,391.77



FIRST UNION NATIONAL BANK                                       ROBERT ASHBAUGH
STRUCTURED FINANCE TRUST SERVICES                                VICE PRESIDENT
230 SOUTH TRYON STREET, 9TH FLOOR                           PHONE: 704-383-9568
CHARLOTTE, NORTH CAROLINA  28288-1179                         FAX: 704-383-6039

   5

                                                          Record Date: 10/31/99

                                                         Prior Period: 10/25/99

                                                    Distribution Date: 11/26/99

[FIRST UNION LOGO]

              FIRST UNION RESIDENTIAL SECURITIZATIONS TRANSACTIONS
                                 SERIES 1999-A
                         STATEMENT TO CERTIFICATEHOLDER

                                    POOL 2



CERTIFICATE INFORMATION

             Beginning Unpaid      Ending Unpaid       Non-Supported      Realized Loss                                   Class
             Interest Shortfall   Interest Shortfall Interest Shortfall   Interest Portion                              Percentage

                                                                                                     
Class 2A         0.00                 0.00               0.00                0.00           Group 2 A Percentage       97.370120%
                                                                                            Group 2 M Percentage        0.946651%
                                                                                            Group 2 B-1 Percentage      0.526247%
                                                                                            Group 2 B-2 Percentage      0.367977%
                                                                                            Group 2 B-3 Percentage      0.367977%
                                                                                            Group 2 B-4 Percentage      0.210697%
                                                                                            Group 2 B-5 Percentage      0.210330%


FIRST UNION NATIONAL BANK                                       ROBERT ASHBAUGH
STRUCTURED FINANCE TRUST SERVICES                                VICE PRESIDENT
230 SOUTH TRYON STREET, 9TH FLOOR                           PHONE: 704-383-9568
CHARLOTTE, NORTH CAROLINA  28288-1179                         FAX: 704-383-6039