##### 



|Image First Union | HomeEq Trust 2001-A
HomeEq Asset Backed Certificates2002 Annual Statement to Certificateholder | 
|----------------- | ---------------------------------------------------------------------------------------------- | 

|                     |  |           |  |         |                |         |                  |          |                |             |                  |             |               |  |               |  |  |  |  | 
|-------------------- |  | --------- |  | ------- | -------------- | ------- | ---------------- | -------- | -------------- | ----------- | ---------------- | ----------- | ------------- |  | ------------- |  |  |  |  | 
|                     |  |           |  |         |                |         |                  |          |                | Original    |                  | Beginning   |               |  |               | 
|                     |  |           |  |         |                |         |                  |          |                | Certificate |                  | Certificate |               |  |               | 
|Class                |  | Cusip     |  | Balance |                | Balance |                  | Interest
|                     |  |           |  |         |                |         |                  |         
|AC                   |  | 43730PAA9 |  |         | 952,413,000.00 |         |                  |          | 721,729,118.35 |             |                  |             | 12,537,020.32 | 
|Factors per Thousand |  |           |  |         |                |         |                  |          |                |             |                  |             |               |  | 13.16342839   | 
|MC-1                 |  | 43730PAB7 |  |         | 72,271,000.00  |         |                  |          | 72,271,000.00  |             |                  |             | 1,790,943.72  | 
|Factors per Thousand |  |           |  |         |                |         |                  |          |                |             |                  |             |               |  | 24.78094561   | 
|MC-2                 |  | 43730PAC5 |  |         | 40,897,000.00  |         |                  |          | 40,897,000.00  |             |                  |             | 1,199,547.69  | 
|Factors per Thousand |  |           |  |         |                |         |                  |          |                |             |                  |             |               |  | 29.33094579   | 
|BC                   |  | 43730PAD3 |  |         | 39,217,000.00  |         |                  |          | 39,217,000.00  |             |                  |             | 1,487,320.01  | 
|Factors per Thousand |  |           |  |         |                |         |                  |          |                |             |                  |             |               |  | 37.92538975   | 
|Pool I               |  |           |  |         |                |         | 1,104,798,000.00 |          |                |             | 874,114,118.35   |             |               |  | 17,014,831.74 | 
|Totals               |  |           |  |         |                |         |                  |          |                |             |                  |             |               |  | 15.40085313   | 
|AN                   |  | 43730PAE1 |  |         | 441,015,000.00 |         |                  |          | 328,848,116.25 |             |                  |             | 5,816,570.10  | 
|Factors per Thousand |  |           |  |         |                |         |                  |          |                |             |                  |             |               |  | 13.18905275   | 
|MN-1                 |  | 43730PAF8 |  |         | 30,335,000.00  |         |                  |          | 30,335,000.00  |             |                  |             | 751,729.98    | 
|Factors per Thousand |  |           |  |         |                |         |                  |          |                |             |                  |             |               |  | 24.78094544   | 
|MN-2                 |  | 43730PAG6 |  |         | 19,628,000.00  |         |                  |          | 19,628,000.00  |             |                  |             | 575,707.81    | 
|Factors per Thousand |  |           |  |         |                |         |                  |          |                |             |                  |             |               |  | 29.33094610   | 
|BN                   |  | 43730PAH4 |  |         | 16,824,000.00  |         |                  |          | 16,824,000.00  |             |                  |             | 638,056.75    | 
|Factors per Thousand |  |           |  |         |                |         |                  |          |                |             |                  |             |               |  | 37.92538932   | 
|Pool II              |  |           |  |         |                |         | 507,802,000.00   |          |                |             | 395,635,116.25   |             |               |  | 7,782,064.64  | 
|Totals               |  |           |  |         |                |         |                  |          |                |             |                  |             |               |  | 15.32499801   | 
|*X                   |  |           |  |         |                |         | 17,730,971.10    |          |                |             | 0.00             |             |               |  | 66,416,640.45 | 
|R                    |  |           |  |         |                |         | 0.00             |          |                |             | 0.00             |             |               |  | 0.00          | 
|Totals               |  |           |  |         |                |         | 1,612,600,000.00 |          |                |             | 1,269,749,234.60 |             |               |  | 91,213,536.83 | 

[Additional columns below]

[Continued from above table, first column(s) repeated]

|                     |  |           |                |              |  |         |                |  |  |       |                |             |  |        |  | 
|-------------------- |  | --------- | -------------- | ------------ |  | ------- | -------------- |  |  | ----- | -------------- | ----------- |  | ------ |  | 
|                     |  |           |                |              |  |         |                |  |  |       |                |             |  | Ending
|                     |  |           |                |              |  |         |                |  |  | Total |                | Certificate
|Class                |  | Principal |                | Distribution |  | Balance
|                     |  |           |                |              |  |        
|AC                   |  |           | 252,512,600.17 |              |  |         | 265,049,620.49 |  |  |       | 469,216,518.18 |            
|Factors per Thousand |  |           | 265.12930858   |              |  |         | 278.29273696   |  |  |       | 492.66076605   |            
|MC-1                 |  |           | 0.00           |              |  |         | 1,790,943.72   |  |  |       | 72,271,000.00  |            
|Factors per Thousand |  |           | 0.00000000     |              |  |         | 24.78094561    |  |  |       | 1000.00000000  |            
|MC-2                 |  |           | 0.00           |              |  |         | 1,199,547.69   |  |  |       | 40,897,000.00  |            
|Factors per Thousand |  |           | 0.00000000     |              |  |         | 29.33094579    |  |  |       | 1000.00000000  |            
|BC                   |  |           | 0.00           |              |  |         | 1,487,320.01   |  |  |       | 39,217,000.00  |            
|Factors per Thousand |  |           | 0.00000000     |              |  |         | 37.92538975    |  |  |       | 1000.00000000  |            
|Pool I               |  |           | 252,512,600.17 |              |  |         | 269,527,431.91 |  |  |       | 621,601,518.18 |            
|Totals               |  |           | 228.55997220   |              |  |         | 308.34352890   |  |  |       | 562.63816388   |            
|AN                   |  |           | 109,440,011.80 |              |  |         | 115,256,581.90 |  |  |       | 219,408,104.45 |            
|Factors per Thousand |  |           | 248.15485142   |              |  |         | 261.34390418   |  |  |       | 497.50712436   |            
|MN-1                 |  |           | 0.00           |              |  |         | 751,729.98     |  |  |       | 30,335,000.00  |            
|Factors per Thousand |  |           | 0.00000000     |              |  |         | 24.78094544    |  |  |       | 1000.00000000  |            
|MN-2                 |  |           | 0.00           |              |  |         | 575,707.81     |  |  |       | 19,628,000.00  |            
|Factors per Thousand |  |           | 0.00000000     |              |  |         | 29.33094610    |  |  |       | 1000.00000000  |            
|BN                   |  |           | 0.00           |              |  |         | 638,056.75     |  |  |       | 16,824,000.00  |            
|Factors per Thousand |  |           | 0.00000000     |              |  |         | 37.92538932    |  |  |       | 1000.00000000  |            
|Pool II              |  |           | 109,440,011.80 |              |  |         | 117,222,076.44 |  |  |       | 286,195,104.45 |            
|Totals               |  |           | 215.51709485   |              |  |         | 296.28835163   |  |  |       | 563.59585911   |            
|*X                   |  |           | 0.00           |              |  |         | 66,416,640.45  |  |  |       | 0.00           |            
|R                    |  |           | 0.00           |              |  |         | 0.00           |  |  |       | 0.00           |            
|Totals               |  |           | 361,952,611.97 |              |  |         | 453,166,148.80 |  |  |       | 907,796,622.63 |            

|                                                                                                            |                  |  |                                                                     
|----------------------------------------------------------------------------------------------------------- | ---------------- |  | --------------------------------------------------------------------
|Wells Fargo Bank Minnesota, N.A.Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703 | *Notional Amount |  | Customer Service - CTSLink
Telephone: 301-815-6600
Fax: 301-846-8152



---



##### 



|FIRST UNION | HomeEq Trust 2001-AHomeEq Asset Backed Certificates2002 Annual Statement to Certificateholder
|----------- | ---------------------------------------------------------------------------------------------

|                                 |  |  |                |  |  |                         |  |        |  |             
|-------------------------------- |  |  | -------------- |  |  | ----------------------- |  | ------ |  | ------------
|                                 |  |  |                |  |  | Fees                    |  |        |  |             
|                                 |  |  |                |  |  |                         |  |        |  |             
|Pool 1 Aggregate Amount Received |  |  | 325,094,218.80 |  |  | Custodian Fee           |  |        |  |             
|Pool 2 Aggregate Amount Received |  |  | 143,757,027.54 |  |  |                         |  | Pool 1 |  | 47,150.53   
|                                 |  |  |                |  |  |                         |  | Pool 2 |  | 21,468.08   
|                                 |  |  |                |  |  | Expense Account         |  |        |  |             
|                                 |  |  |                |  |  |                         |  | Pool 1 |  | 145,380.80  
|                                 |  |  |                |  |  |                         |  | Pool 2 |  | 66,193.26   
|                                 |  |  |                |  |  | Servicer Fee            |  |        |  |             
|                                 |  |  |                |  |  |                         |  | Pool 1 |  | 3,883,375.11
|                                 |  |  |                |  |  |                         |  | Pool 2 |  | 1,747,026.09
|                                 |  |  |                |  |  | Trust Administrator Fee |  |        |  |             
|                                 |  |  |                |  |  |                         |  | Pool 1 |  | 47,150.53   
|                                 |  |  |                |  |  |                         |  | Pool 2 |  | 21,468.08   
|                                 |  |  |                |  |  | Trustee Fee             |  |        |  |             
|                                 |  |  |                |  |  |                         |  | Pool 1 |  | 19,646.05   
|                                 |  |  |                |  |  |                         |  | Pool 2 |  | 8,945.03    

|                                                                            |  |                                                                     
|--------------------------------------------------------------------------- |  | --------------------------------------------------------------------
|Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703 |  | Customer Service - CTSLink
Telephone: 301-815-6600
Fax: 301-846-8152