SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) November 18, 1996
FIRST UNION RESIDENTIAL SECURITIZATION TRANSACTIONS, INC., (as
depositor under the Pooling and Servicing Agreement, dated as of
December 1, 1996, which forms FURST Home Equity Loan Trust 1996-2,
which will issue Series 1996-2 Home Equity Loan Asset-Backed
Certificates).
FIRST UNION RESIDENTIAL SECURITIZATION TRANSACTIONS, INC.
(Exact name of registrant as specified in its charter)
North Carolina 333-3574 56-1967773
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification #)
301 South College Street
Charlotte, North Carolina 28288
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code 704-383-3624
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Item 5. Other Events.
Incorporation of Certain Documents by Reference
The financial statements of Financial Guaranty Insurance Company
The financial statements of Financial Guaranty Insurance Company as of December
31, 1995 and 1994 that are included in this Form 8- K have been audited by KPMG
Peat Marwick LLP. The consent of KPMG Peat Marwick LLP to the inclusion of their
audit report on such financial statements in the Form 8-K and to being named as
"experts" in the Prospectus Supplement for the FURST Home Equity Loan Trust
1996-2 is attached hereto as Exhibit 23.
The financial statements of Financial Guaranty Insurance Company as of December
31, 1995 and 1994 are attached hereto as Exhibit 99.1. The unaudited financial
statements of Financial Guaranty Insurance Company as of September 30, 1996 are
attached hereto as Exhibit 99.2.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
23. Consent of KPMG Peat Marwick LLP
99.1 Financial statements of Financial Guaranty Insurance
Company as of December 31, 1995 and 1994.
99.2 Unaudited financial statements of Financial Guaranty
Insurance Company as of September 30, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant duly caused this report to be signed on it's behalf by the
undersigned hereunto duly authorized.
FIRST UNION RESIDENTIAL
SECURITIZATION TRANSACTIONS, INC.
By: /s/ Patrick J. Tadie
Name: Patrick J. Tadie
Title: Senior Vice President
Dated: November 18, 1996
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Exhibit Index
Exhibit Page
23. Consent of KPMG Peat Marwick LLP 5
99.1 Financial statements of Financial 6
Guaranty Insurance Company as of
December 31, 1995 and 1994.
99.2 Unaudited financial statements of 7
Financial Guaranty Insurance
Company as of September 30, 1996.
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