		First Franklin Mortgage Loan Trust						Contact:
		Mortgage Loan Asset-Backed Certificates, Series 2005-FF7						Brian Giel
								Account Administrator
		STATEMENT TO CERTIFICATEHOLDERS						651-495-3844
		Section 5.02 of the Trust Agreement, dated August 1, 2005						Brian.giel@usbank.com

Distribution Date:

27-Dec-05

		Original	Beginning				Interest		Ending
		Certificate	Certificate	Principal	Interest	Realized Loss	Shortfall	Total	Certificate
Class	Cusip	Face Value	Balance (1)	Distribution	Distribution	of Principal	Amount	Distribution	Balance (1)
A-1	32027NUF6	$317,248,000.00	$293,280,284.66	$7,955,779.64	$1,158,457.12	N/A	$0.00	$9,114,236.76	$285,324,505.02
A-2	32027NUG4	$209,940,000.00	$184,335,577.76	$8,706,920.80	$703,547.46	N/A	$0.00	$9,410,468.26	$175,628,656.96
A-3	32027NUH2	$71,000,000.00	$71,000,000.00	$0.00	$274,770.00	N/A	$0.00	$274,770.00	$71,000,000.00
A-4	32027NUJ8	$82,500,000.00	$82,500,000.00	$0.00	$325,141.67	N/A	$0.00	$325,141.67	$82,500,000.00
A-5	32027NUK5	$25,570,000.00	$25,570,000.00	$0.00	$103,728.97	N/A	$0.00	$103,728.97	$25,570,000.00
M-1	32027NUL3	$32,631,000.00	$32,631,000.00	$0.00	$134,693.52	$0.00	$0.00	$134,693.52	$32,631,000.00
M-2	32027NUM1	$29,949,000.00	$29,949,000.00	$0.00	$124,155.24	$0.00	$0.00	$124,155.24	$29,949,000.00
M-3	32027NUN9	$18,327,000.00	$18,327,000.00	$0.00	$76,301.41	$0.00	$0.00	$76,301.41	$18,327,000.00
M-4	32027NUP4	$16,092,000.00	$16,092,000.00	$0.00	$68,569.80	$0.00	$0.00	$68,569.80	$16,092,000.00
M-5	32027NUQ2	$14,751,000.00	$14,751,000.00	$0.00	$63,249.01	$0.00	$0.00	$63,249.01	$14,751,000.00
M-6	32027NUR0	$13,410,000.00	$13,410,000.00	$0.00	$58,095.10	$0.00	$0.00	$58,095.10	$13,410,000.00
M-7	32027NUS8	$12,069,000.00	$12,069,000.00	$0.00	$57,327.75	$0.00	$0.00	$57,327.75	$12,069,000.00
M-8	32027NUT6	$10,728,000.00	$10,728,000.00	$0.00	$52,388.40	$0.00	$0.00	$52,388.40	$10,728,000.00
M-9	32027NUU3	$9,387,000.00	$9,387,000.00	$0.00	$49,594.65	$0.00	$0.00	$49,594.65	$9,387,000.00
M-10	32027NUV1	$6,705,000.00	$6,705,000.00	$0.00	$42,874.75	$0.00	$0.00	$42,874.75	$6,705,000.00
M-11	32027NUW9	$6,705,000.00	$6,705,000.00	$0.00	$42,874.75	$0.00	$0.00	$42,874.75	$6,705,000.00
M-12	32027NUX7	$3,129,000.00	$3,129,000.00	$0.00	$20,008.22	$0.00	$0.00	$20,008.22	$3,129,000.00
CE	NA	$13,856,413.54	$13,856,413.54	$0.00	$1,120,149.55	N/A	$0.00	$1,120,149.55	$13,856,413.54
P	NA	$100.00	$100.00	$0.00	$283,287.03	N/A	$0.00	$283,287.03	$100.00
Swap IO	NA	$0.00	$0.00	$0.00	0.00	N/A	$0.00	$0.00	$0.00
R	NA	$0.00	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00
R-X	NA	$0.00	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00
Total		$893,997,513.54	$844,425,375.96	$16,662,700.44	$4,759,214.40	$0.00	$0.00	$21,421,914.84	$827,762,675.52

			Interest		Ending		Current	Next
	Principal	Interest	Carry-forward	Total	Certificate		Pass-Through	Pass-Through
Class	Distribution	Distribution	Amount	Distribution	Balance	Class	Interest Rate	Interest Rate *
A-1	$25.07747768	$3.65158211	$0.00000000	$28.72905979	$899.37369194	A-1	4.44375%	4.62875%
A-2	$41.47337716	$3.35118348	$0.00000000	$44.82456064	$836.56595675	A-2	4.29375%	4.47875%
A-3	$0.00000000	$3.87000000	$0.00000000	$3.87000000	$1,000.00000000	A-3	4.35375%	4.53875%
A-4	$0.00000000	$3.94111115	$0.00000000	$3.94111115	$1,000.00000000	A-4	4.43375%	4.61875%
A-5	$0.00000000	$4.05666680	$0.00000000	$4.05666680	$1,000.00000000	A-5	4.56375%	4.74875%
M-1	$0.00000000	$4.12777788	$0.00000000	$4.12777788	$1,000.00000000	M-1	4.64375%	4.82875%
M-2	$0.00000000	$4.14555544	$0.00000000	$4.14555544	$1,000.00000000	M-2	4.66375%	4.84875%
M-3	$0.00000000	$4.16333333	$0.00000000	$4.16333333	$1,000.00000000	M-3	4.68375%	4.86875%
M-4	$0.00000000	$4.26111111	$0.00000000	$4.26111111	$1,000.00000000	M-4	4.79375%	4.97875%
M-5	$0.00000000	$4.28777778	$0.00000000	$4.28777778	$1,000.00000000	M-5	4.82375%	5.00875%
M-6	$0.00000000	$4.33222222	$0.00000000	$4.33222222	$1,000.00000000	M-6	4.87375%	5.05875%
M-7	$0.00000000	$4.75000000	$0.00000000	$4.75000000	$1,000.00000000	M-7	5.34375%	5.52875%
M-8	$0.00000000	$4.88333333	$0.00000000	$4.88333333	$1,000.00000000	M-8	5.49375%	5.67875%
M-9	$0.00000000	$5.28333333	$0.00000000	$5.28333333	$1,000.00000000	M-9	5.85113%	6.12875%
M-10	$0.00000000	$6.39444444	$0.00000000	$6.39444444	$1,000.00000000	M-10	5.85113%	7.37875%
M-11	$0.00000000	$6.39444444	$0.00000000	$6.39444444	$1,000.00000000	M-11	5.85113%	7.37875%
M-12	$0.00000000	$6.39444551	$0.00000000	$6.39444551	$1,000.00000000	M-12	5.85113%	7.37875%
CE	$0.00000000	$80.83978923	$0.00000000	$80.83978923	$1,000.00000000	CE	1.50694%	NA
P	$0.00000000	2,832,870.30	$0.00000000	2,832,870.30	$1,000.00000000	P	0.00000%	NA
R	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$0.00000000	R	0.00000%	NA
R-X	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$0.00000000	R-X	0.00000%
	***The Class CE factor is for the Notional Balance					LIBOR	4.19375%
								*Estimated

Page 1

		First Franklin Mortgage Loan Trust						Contact:
		Mortgage Loan Asset-Backed Certificates, Series 2005-FF7						Brian Giel
								Account Administrator
		STATEMENT TO CERTIFICATEHOLDERS						651-495-3844
		Section 5.02 of the Trust Agreement, dated August 1, 2005						Brian.giel@usbank.com

Distribution Date:

27-Dec-05

(i)	Principal Distributions:	Group 1	Group 2	Total
	Beginning Balance	377,611,630.10	466,813,745.86	844,425,375.96
	Scheduled Principal	152,684.67	114,499.55	267,184.22
	Prepayments (Includes Curtailments)	7,803,094.97	8,592,421.25	16,395,516.22
	Net Liquidation Proceeds	0.00	0.00	0.00
	Loan Purchase Prices	0.00	0.00	0.00
	Total Principal Remittance	7,955,779.64	8,706,920.80	16,662,700.44
	Net Realized Losses	0.00	0.00	0.00
	Ending Balance	369,655,850.46	458,106,825.06	827,762,675.52
	Ending Count	2,208	1,522	3,730

(ii)

Aggregate Ending Collateral Balance

369,655,850.46

458,106,825.06

827,762,675.52

(iii)	Overcollateralization Target Amount	13,856,413.54
	Ending Overcollateralization Amount	0.00
	Ending Overcollateralization Deficiency Amount	0.00
	Credit Enhancement Percentage	22.23280%

(iv)	Interest Distributions:
	Scheduled Interest - Net of Serv Fee	1,990,146.25	2,412,800.57	4,402,946.82
	Less Relief Act Interest Shortfall	1,753.82	2,242.34	3,996.16
	Less Net Prepayment Interest Shortfall	0.00	0.00	0.00
		1,991,900.07	2,415,042.91	4,406,942.98

(v)	Servicing Fee					157,337.93	194,505.95	351,843.88
	Trustee Fee					5,034.82	6,224.18	11,259.00

(vi)	Advances	Amount of Advances required by the Servicer	75,268.95	125,029.69	200,298.64
		Amount of Advances actually made	75,268.95	125,029.69	200,298.64
		Excess of Advances required over Advances actually made	0.00	0.00	0.00

Page 2

		First Franklin Mortgage Loan Trust						Contact:
		Mortgage Loan Asset-Backed Certificates, Series 2005-FF7						Brian Giel
								Account Administrator
		STATEMENT TO CERTIFICATEHOLDERS						651-495-3844
		Section 5.02 of the Trust Agreement, dated August 1, 2005						Brian.giel@usbank.com

Distribution Date:

27-Dec-05

(vii)

Current amount of Prepayment Premiums distributed to Class P Certificate

145,399.23

137,887.80

283,287.03

(viii)	Realized Losses incurred during the related Due Period					0.00	0.00	0.00
	Cumulative Realized Losses since Startup Day					0.00	0.00	0.00
	Subsequent Recoveries incurred during the related Due Period					0.00	0.00	0.00
	Subsequent Recoveries since Startup Day					0.00	0.00	0.00

(ix)

Aggregate Loss Serverity Percentage

0.00%

(x)

Delinquency Information

	30-59 days delinquent		60-89 days delinquent		90 or more days delinquent
	Count	Balance	Count	Balance	Count	Balance
Group 1	42	6,564,535.82	9	1,772,116.91	2	259,872.30
Group 2	45	10,318,728.29	3	332,204.24	5	548,569.13
Total	87	16,883,264.11	12	2,104,321.15	7	808,441.43
*Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties.

	Outstanding Loans		Foreclosure		Bankruptcy		REO
	Count	Balance	Count	Balance	Count	Balance	Count	Balance	Market Value
Group 1	2,208	369,655,850.46	18	2,711,431.84	5	601,697.74	0	0.00	0.00
Group 2	1,522	458,106,825.06	22	6,457,268.23	4	871,757.96	0	0.00	0.00
Total	3,730	827,762,675.52	40	9,168,700.07	9	1,473,455.70	0	0.00	0.00

(xi)	Outstanding Carryforward Interest							0.00
	Outstanding Net Prepayment Interest Shortfalls							0.00
	Outstanding Basis Risk Shortfalls							0.00
	Outstanding Unpaid Basis Risk Shortfalls							0.00

(xii)	Net Swap Payment to the Supplemental Interest Trust	80,243.39
	Net Swap Payment to the Swap Counterparty	0.00
	Swap LT-IO Shortfall	0.00
	Swap Termination Payment to the Supplemental Interest Trust	0.00
	Swap Termination Payment to the Swap Counterparty	0.00

Page 3

		First Franklin Mortgage Loan Trust						Contact:
		Mortgage Loan Asset-Backed Certificates, Series 2005-FF7						Brian Giel
								Account Administrator
		STATEMENT TO CERTIFICATEHOLDERS						651-495-3844
		Section 5.02 of the Trust Agreement, dated August 1, 2005						Brian.giel@usbank.com

Distribution Date:

27-Dec-05

(xiii)	Has Stepdown Date Occurred?							NO
	Has Trigger Event Occurred?							NO

(xiv)			Monthly		Remaining	Net	Reduction from the Allocation of:
		Interest	Interest	Interest	Unpaid	Wac Rate		Prepayment	Relief Act
		Distribution	Distributable	Shortfall	Interest	Carryover	Realized	Interest	Interest
	Class	Amount	Amount	Amount	Amount	Amount	Losses	Shortfalls	Shortfalls
	A-1	$1,158,457.12	$1,158,457.12	$0.00	$0.00	$0.00	$0.00	$0.00	$1,388.01
	A-2	$703,547.46	$703,547.46	$0.00	$0.00	$0.00	$0.00	$0.00	$842.96
	A-3	$274,770.00	$274,770.00	$0.00	$0.00	$0.00	$0.00	$0.00	$329.22
	A-4	$325,141.67	$325,141.67	$0.00	$0.00	$0.00	$0.00	$0.00	$389.57
	A-5	$103,728.97	$103,728.97	$0.00	$0.00	$0.00	$0.00	$0.00	$124.28
	M-1	$134,693.52	$134,693.52	$0.00	$0.00	$0.00	$0.00	$0.00	$161.38
	M-2	$124,155.24	$124,155.24	$0.00	$0.00	$0.00	$0.00	$0.00	$148.76
	M-3	$76,301.41	$76,301.41	$0.00	$0.00	$0.00	$0.00	$0.00	$91.42
	M-4	$68,569.80	$68,569.80	$0.00	$0.00	$0.00	$0.00	$0.00	$82.16
	M-5	$63,249.01	$63,249.01	$0.00	$0.00	$0.00	$0.00	$0.00	$75.78
	M-6	$58,095.10	$58,095.10	$0.00	$0.00	$0.00	$0.00	$0.00	$69.61
	M-7	$57,327.75	$57,327.75	$0.00	$0.00	$0.00	$0.00	$0.00	$68.69
	M-8	$52,388.40	$52,388.40	$0.00	$0.00	$0.00	$0.00	$0.00	$62.77
	M-9	$49,594.65	$48,821.83	$0.00	$0.00	$772.82	$0.00	$0.00	$58.50
	M-10	$42,874.75	$34,872.73	$0.00	$0.00	$8,002.02	$0.00	$0.00	$41.78
	M-11	$42,874.75	$34,872.73	$0.00	$0.00	$8,002.02	$0.00	$0.00	$41.78
	M-12	$20,008.22	$16,273.94	$0.00	$0.00	$3,734.28	$0.00	$0.00	$19.50
	CE	$1,120,149.55	$1,120,149.55	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	P	$283,287.03	$283,287.03	N/A	N/A	N/A	$0.00	$0.00	$0.00
	Total	$4,759,214.40	$4,738,703.26	$0.00	$0.00	$20,511.14	$0.00	$0.00	$3,996.17

Page 4

First Franklin Mortgage Loan Trust, Series 2005-FF7 8-K