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