UNITED STATES 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): ~~September~~December 27, 2004 (Date of earliest event reported) GS Mortgage Securities Corp (as Depositor under the Pooling and Servicing Agreement, dated as May 1, 2004, providing for the issuance of FFMLT Trust 2004-FF3 Mortgage Pass-Through Certificates, Series 2004-FF3) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-100818-34 13-6357101 (Commission File Number) (I.R.S. Employer Identification No.) 85 Broad Street New York, New York 1004 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (203) 625-2700 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 9.01 Financial Statements and Exhibits (c) Exhibits: Exhibit No. Description 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~September~~December 27, 2004. Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Deutsche Bank National Trust Company, in its capacity as Trustee under the Pooling and Servicing Agreement on behalf of GS Mortgage Securities Corp, Registrant Date: ~~Sep~~Dec 27, 2004 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~September~~December 27, 2004.

	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	September 27, 2004 Distribution
	December 27, 2004 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				14
			8.	Foreclosure Report				15
			9.	Prepayment Report				16
			10.	Prepayment Detail Report				19
			11.	Realized Loss Report				2225
			12.	Realized Loss Detail Report				2528
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2629
			14.	Other Related Information				2730
				Total Number of Pages				2730
			CONTACTS
				Administrator: Valerie Delgado
				Administrator: Nicholas Gisler
				Direct Phone Number: (714)247-6273
				Direct Phone Number: (714)247-6268
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Web Site: https://www.tss.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Goldman Sachs Mortgage Securities					Cut-Off Date: May 1, 2004
	Certificate Insurer(s):							Closing Date: May 27, 2004
								First Payment Date: June 26, 2004
	Servicer(s):		Chase Manhattan Mortgage Servicer
								Distribution Date: September 27, 2004
								Distribution Date: December 27, 2004
	Underwriter(s):		Goldman, Sachs & Co. Underwriter					Record Date: ~~September~~December 24, 2004
			RBS Greenwich Capital Underwriter					~~August~~November 3130, 2004
						Page 1 of 27					© COPYRIGHT 2004 Deutsche Bank
						Page 1 of 30					© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	REMIC II Series 2004-FF3
	Certificate Payment Report for September 27, 2004 Distribution
	Certificate Payment Report for December 27, 2004 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1		982,174,000.00			~~952~~881,~~099~~894,~~780~~705.0485	1,~~618~~838,~~478~~249.5501	2135,~~092~~958,~~319~~348.9738	2237,~~710~~796,~~798~~597.5239	-	-	~~931~~845,~~007~~936,~~460~~357.0747
A-2A		199,443,000.00			~~185~~162,~~574~~087,~~260~~069.0790	~~295~~321,~~051~~110.4838	514,~~996~~637,~~119~~679.9536	614,~~291~~958,~~171~~789.4374	-	-	~~179~~147,~~578~~449,~~140~~390.1254
A-2B		64,957,000.00			64,957,000.00	~~110~~135,~~420~~398.6941	-	~~110~~135,~~420~~398.6941	-	-	64,957,000.00
A-2C		58,365,000.00			58,365,000.00	~~112~~133,~~051~~719.3594	-	~~112~~133,~~051~~719.3594	-	-	58,365,000.00
M-1		95,775,000.00			95,775,000.00	~~190~~225,~~016~~203.2002	-	~~190~~225,~~016~~203.2002	-	-	95,775,000.00
M-2		79,813,000.00			79,813,000.00	~~201~~228,~~500~~219.3580	-	~~201~~228,~~500~~219.3580	-	-	79,813,000.00
M-3		23,944,000.00			23,944,000.00	6673,~~155~~827.2902	-	6673,~~155~~827.2902	-	-	23,944,000.00
M-4		21,549,000.00			21,549,000.00	6975,~~411~~720.7551	-	6975,~~411~~720.7551	-	-	21,549,000.00
B-1		19,156,000.00			19,156,000.00	6773,~~847~~085.6621	-	6773,~~847~~085.6621	-	-	19,156,000.00
B-2		17,558,000.00			17,558,000.00	8285,~~300~~887.2765	-	8285,~~300~~887.2765	-	-	17,558,000.00
B-3		15,963,000.00			15,963,000.00	8284,~~138~~958.6442	-	8284,~~138~~958.6442	-	-	15,963,000.00
X		17,559,224.17			17,558,818.47	5,~~649~~409,~~248~~222.2191	-	5,~~649~~409,~~248~~222.2191	-	-	17,558,818.47
P		-			-	~~553~~798,~~178~~253.5840	-	~~553~~798,~~178~~253.5840	-	-	-
R		-			-	-	-	-	-	-	-
Total		1,596,256,224.17			1,~~552~~458,~~312~~620,~~858~~594.5822	9,~~097~~482,~~799~~855.0268	2750,~~088~~596,~~439~~027.9274	3660,~~186~~078,~~238~~883.9442	-	-	1,~~525~~408,~~224~~024,~~418~~566.6648
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A-1	0811/2526/04	0912/26/04		A-Act/360	36228FU46	982,174,000.00	~~969~~897.~~379947~~900683	1.~~647853~~871612	2136.~~475136~~610976	2338.~~122989~~482588	~~947~~861.~~904811~~289708
A-2A	0811/2526/04	0912/26/04		A-Act/360	36228FX92	199,443,000.00	~~930~~812.~~462639~~698715	1.~~479377~~610036	3073.~~064329~~392796	3175.~~543706~~002832	~~900~~739.~~398310~~305920
A-2B	0811/2526/04	0912/26/04		A-Act/360	36228FY26	64,957,000.00	1,000.000000	12.~~699904~~084431	-	12.~~699904~~084431	1,000.000000
A-2C	0811/2526/04	0912/26/04		A-Act/360	36228FY34	58,365,000.00	1,000.000000	12.~~919838~~291098	-	12.~~919838~~291098	1,000.000000
M-1	0811/2526/04	0912/26/04		A-Act/360	36228FU61	95,775,000.00	1,000.000000	12.~~983985~~351376	-	12.~~983985~~351376	1,000.000000
M-2	0811/2526/04	0912/26/04		A-Act/360	36228FU79	79,813,000.00	1,000.000000	2.~~524656~~859431	-	2.~~524656~~859431	1,000.000000
M-3	0811/2526/04	0912/26/04		A-Act/360	36228FU87	23,944,000.00	1,000.000000	23.~~762917~~083320	-	23.~~762917~~083320	1,000.000000
M-4	0811/2526/04	0912/26/04		A-Act/360	36228FU95	21,549,000.00	1,000.000000	3.~~221112~~513876	-	3.~~221112~~513876	1,000.000000
B-1	0811/2526/04	0912/26/04		A-Act/360	36228FV29	19,156,000.00	1,000.000000	3.~~541849~~815265	-	3.~~541849~~815265	1,000.000000
B-2	0811/2526/04	0912/26/04		A-Act/360	36228FV37	17,558,000.00	1,000.000000	4.~~687337~~891653	-	4.~~687337~~891653	1,000.000000
B-3	0811/2526/04	0912/26/04		A-Act/360	36228FY42	15,963,000.00	1,000.000000	5.~~145564~~322209	-	5.~~145564~~322209	1,000.000000
X				A-30/360	36228F2A3	17,559,224.17	999.976895	~~321~~308.~~725388~~055917	-	~~321~~308.~~725388~~055917	999.976895
P				A-30/360	36228FZ90	-	-	-	-	-	-
R				A-30/360	36228F4C7	-	-	-	-	-	-
							Page 2 of 27				© COPYRIGHT 2004 Deutsche Bank
							Page 2 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	REMIC II Series 2004-FF3
	Certificate Payment Report for September 27, 2004 Distribution
	Certificate Payment Report for December 27, 2004 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	982,174,000.00		510,~~327~~429,~~899~~047.9400		48132,~~936~~366,~~605~~798.0607	23,~~229~~870,~~934~~844.8746	51136,~~166~~237,~~539~~642.9353	56146,~~494~~666,~~439~~689.8753	-	-	~~931~~845,~~007~~936,~~460~~357.0747
A-2A	199,443,000.00		~~979~~1,~~723~~880,194.4866		1850,~~950~~466,~~793~~338.4207	~~914~~1,~~066~~527,271.4639	1951,~~864~~993,~~859~~609.8846	2053,~~844~~873,~~583~~804.3612	-	-	~~179~~147,~~578~~449,~~140~~390.1254
A-2B	64,957,000.00		~~358~~724,~~146~~049.7395		-	-	-	~~358~~724,~~146~~049.7395	-	-	64,957,000.00
A-2C	58,365,000.00		~~369~~733,~~654~~831.9236		-	-	-	~~369~~733,~~654~~831.9236	-	-	58,365,000.00
M-1	95,775,000.00		~~629~~1,~~494~~244,041.8192		-	-	-	~~629~~1,~~494~~244,041.8192	-	-	95,775,000.00
M-2	79,813,000.00		~~685~~1,~~453~~316,604.5246		-	-	-	~~685~~1,~~453~~316,604.5246	-	-	79,813,000.00
M-3	23,944,000.00		~~226~~431,~~904~~986.7339		-	-	-	~~226~~431,~~904~~986.7339	-	-	23,944,000.00
M-4	21,549,000.00		~~241~~452,~~017~~819.2250		-	-	-	~~241~~452,~~017~~819.2250	-	-	21,549,000.00
B-1	19,156,000.00		~~237~~442,~~157~~385.1870		-	-	-	~~237~~442,~~157~~385.1870	-	-	19,156,000.00
B-2	17,558,000.00		~~292~~535,~~352~~935.1452		-	-	-	~~292~~535,~~352~~935.1452	-	-	17,558,000.00
B-3	15,963,000.00		~~293~~534,~~061~~691.8694		-	-	-	~~293~~534,~~061~~691.8694	-	-	15,963,000.00
X	17,559,224.17		2239,~~855~~601,~~396~~961.1566		381.82	23.88	405.70	2239,~~855~~602,~~801~~367.8536	-	-	17,558,818.47
P	-		13,~~205~~281,~~619~~534.5654		-	-	-	13,~~205~~281,~~619~~534.5654	-	-	-
R	-		-		-	-	-	-	-	-	-
Total	1,596,256,224.17		3361,~~701~~609,~~882~~084.2460		67182,~~887~~833,~~780~~517.3096	35,~~144~~398,~~025~~139.2173	71188,~~031~~231,~~805~~657.5169	~~104~~249,~~733~~840,~~687~~742.7529	-	-	1,~~525~~408,~~224~~024,~~418~~566.6648
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	12.~~85500~~42063%	~~952~~881,~~099~~894,~~780~~705.0485			1,~~618~~838,~~478~~249.5501	-	-	-	1,~~618~~838,~~478~~249.5501	1,~~618~~838,~~478~~249.5501	-
A-2A	12.~~73500~~30063%	~~185~~162,~~574~~087,~~260~~069.0790			~~295~~321,~~051~~110.4838	-	-	-	~~295~~321,~~051~~110.4838	~~295~~321,~~051~~110.4838	-
A-2B	12.~~85500~~42063%	64,957,000.00			~~110~~135,~~420~~398.6941	-	-	-	~~110~~135,~~420~~398.6941	~~110~~135,~~420~~398.6941	-
A-2C	2.~~09500~~66063%	58,365,000.00			~~112~~133,~~051~~719.3594	-	-	-	~~112~~133,~~051~~719.3594	~~112~~133,~~051~~719.3594	-
M-1	2.~~16500~~73063%	95,775,000.00			~~190~~225,~~016~~203.2002	-	-	-	~~190~~225,~~016~~203.2002	~~190~~225,~~016~~203.2002	-
M-2	23.~~75500~~32063%	79,813,000.00			~~201~~228,~~500~~219.3580	-	-	-	~~201~~228,~~500~~219.3580	~~201~~228,~~500~~219.3580	-
M-3	3.~~01500~~58063%	23,944,000.00			6673,~~155~~827.2902	-	-	-	6673,~~155~~827.2902	6673,~~155~~827.2902	-
M-4	34.~~51500~~08063%	21,549,000.00			6975,~~411~~720.7551	-	-	-	6975,~~411~~720.7551	6975,~~411~~720.7551	-
B-1	34.~~86500~~43063%	19,156,000.00			6773,~~847~~085.6621	-	-	-	6773,~~847~~085.6621	6773,~~847~~085.6621	-
B-2	5.~~11500~~68063%	17,558,000.00			8285,~~300~~887.2765	-	-	-	8285,~~300~~887.2765	8285,~~300~~887.2765	-
B-3	5.~~49994~~84904%	15,963,000.00			8284,~~138~~958.6442	-	-	-	8284,~~138~~958.6442	8284,~~138~~958.6442	-
X		17,558,818.47			5,~~649~~409,~~248~~222.2191	-	-	-	5,~~649~~409,~~248~~222.2191	5,~~649~~409,~~248~~222.2191	-
P		-			~~553~~798,~~178~~253.5840	-	-	-	~~553~~798,~~178~~253.5840	~~553~~798,~~178~~253.5840	-
R		-			-	-	-	-	-	-	-
Total		1,~~552~~458,~~312~~620,~~858~~594.5822			9,~~097~~482,~~799~~855.0268	-	-	-	9,~~097~~482,~~799~~855.0268	9,~~097~~482,~~799~~855.0268	-
							Page 3 of 27				© COPYRIGHT 2004 Deutsche Bank
							Page 3 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					514,~~996~~637,~~119~~679.9536	2135,~~092~~958,~~319~~348.9738	2750,~~088~~596,~~439~~027.9274
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					514,~~996~~637,~~119~~679.9536	2135,~~092~~958,~~319~~348.9738	2750,~~088~~596,~~439~~027.9274
	Interest Collections					1,~~933~~810,~~902~~720.3261	6,~~744~~986,~~801~~469.9183	8,~~678~~797,~~704~~190.2344
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(3329,~~309~~215.0765)	(~~100~~83,~~774~~372.7251)	(~~134~~112,~~083~~588.7916)
	TOTAL NET INTEREST					1,~~900~~781,~~593~~504.2596	6,~~644~~903,~~027~~097.1932	8,~~544~~684,~~620~~602.4428
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					716,~~896~~419,~~713~~184.2032	2742,~~736~~861,~~347~~445.1670	3559,~~633~~280,~~060~~630.3602
	Prepayment Penalties Collected							~~553~~798,~~178~~253.5840
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							3660,~~186~~078,~~238~~883.9442
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					~~135~~124,~~138~~564.0195	~~642~~610,~~236~~285.5351	~~777~~734,~~374~~850.5446
	Prepayments In Full					514,~~845~~499,~~299~~652.3894	2035,~~398~~256,~~318~~963.4718	2649,~~243~~756,~~617~~616.8512
	Curtailments					1513,~~682~~461.5647	5191,~~764~~099.9769	67104,~~447~~561.5316
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					0.00	0.00	0.00
	Other Principal					0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(~~110~~105,~~726~~657.7869)	(~~518~~516,~~179~~245.6874)	(~~628~~621,~~906~~903.4643)
	Advanced Principal					~~110~~105,~~726~~657.7869	~~518~~516,~~179~~245.6874	~~628~~621,~~906~~903.4643
	TOTAL PRINCIPAL COLLECTED					514,~~996~~637,~~119~~679.9536	2135,~~092~~958,~~319~~348.9738	2750,~~088~~596,~~439~~027.9274
				Page 4 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 4 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Interest					21,~~059~~930,~~798~~894.6264	6,~~415~~025,~~325~~522.7935	87,~~475~~956,~~124~~416.4199
	Liquidation Interest					0.00	0.00	0.00
	Repurchased Interest					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					0.00	~~(872~~0.~~10)~~00	~~(872~~0.~~10)~~00
	Net Prepayment Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(1,~~640~~559,~~877~~557.8962)	(54,~~124~~958,~~037~~098.8904)	(6,~~764~~517,~~915~~655.7866)
	Interest Advanced					1,~~514~~439,~~981~~383.59	4,~~735~~581,~~058~~034.1218	6,~~250~~020,~~039~~417.7177
	Interest realized losses					0.00	0.00	0.00
	Cap contract receipts					0.00	~~719~~1,~~327~~338,011.9934	~~719~~1,~~327~~338,011.9934
	TOTAL INTEREST COLLECTED					1,~~933~~810,~~902~~720.3261	6,~~744~~986,~~801~~469.9183	8,~~678~~797,~~704~~190.2344
				Page 5 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 5 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
	Trust Fund Expenses							0.00
	Nonrecoverable Advances					0.00	0.00	0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS					0.00	0.00	0.00
INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	TOTAL INTEREST OTHER ACCOUNTS					0.00	0.00	0.00
INTEREST - FEES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					3228,~~832~~768.8882	9981,~~310~~996.5206	~~132~~110,~~143~~764.4088
	Trustee Fees					~~476~~446.1983	1,~~464~~376.2045	1,~~940~~823.3928
	TOTAL INTEREST OTHER FEES					3329,~~309~~215.0765	~~100~~83,~~774~~372.7251	~~134~~112,~~083~~588.7916
				Page 6 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 6 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Credit Enhancement Report for September 27, 2004 Distribution
	Credit Enhancement Report for December 27, 2004 Distribution
	Credit Enhancement Report
ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	Excess Reserve Fund Balance (Ending)							0.00
INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL
	Beginning Subordinated Amount							17,558,818.48
	Ending Subordinated Amount							17,558,818.48
	Specified Subordinated Amount							17,558,818.47
	Subordination Reduction Amount							0.00
	Subordination Deficiency Amount							0.00
	Senior Enhancement Percentage							1920.1069%
				Page 7 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 7 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					1261	7803	9064
	Prior					1,~~222~~152	7,~~650~~257	8,~~872~~409
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(1652)	(~~124~~214)	(~~140~~266)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,~~206~~100	7,~~526~~043	8,~~732~~143
	Principal Balance:
	Original					394,818,913.63	1,201,437,310.54	1,596,256,224.17
	Prior					~~380~~357,~~950~~462,~~032~~842.7760	1,~~171~~101,~~362~~157,~~825~~751.8263	1,~~552~~458,~~312~~620,~~858~~594.5923
	Prefunding					-	-	-
	Scheduled Principal					(~~135~~124,~~138~~564.0195)	(~~642~~610,~~236~~285.5351)	(~~777~~734,~~374~~850.5446)
	Partial and Full Voluntary Prepayments					(514,~~860~~513,~~981~~114.9441)	(2035,~~450~~348,~~083~~062.4487)	(2649,~~311~~861,~~065~~177.3828)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~374~~342,~~953~~825,~~912~~163.8224	1,~~150~~065,~~270~~199,~~505~~403.8525	1,~~525~~408,~~224~~024,~~418~~566.6749
PREFUNDING						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 8 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					6.496563%	6.573755%	6.554662%
	Weighted Average Coupon Prior					6.~~484739~~480971%	6.~~571372~~565017%	6.~~550036~~544574%
	Weighted Average Coupon Current					6.~~488406~~481998%	6.~~572166~~566386%	6.~~551611~~545705%
	Weighted Average Months to Maturity Original					356	355	355
	Weighted Average Months to Maturity Prior					~~354~~350	~~353~~350	~~353~~350
	Weighted Average Months to Maturity Current					~~353~~349	~~352~~349	~~352~~349
	Weighted Avg Remaining Amortization Term Original					355	355	355
	Weighted Avg Remaining Amortization Term Prior					~~353~~350	~~353~~350	~~353~~350
	Weighted Avg Remaining Amortization Term Current					~~352~~349	~~352~~349	~~352~~349
	Weighted Average Seasoning Original					4.01	3.92	3.95
	Weighted Average Seasoning Prior					69.0200	58.92	58.9594
	Weighted Average Seasoning Current					79.0299	69.9291	69.9493
Note: Original information refers to deal issue.
	Group 1
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 9 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					4.362%	4.652%
	Weighted Average Margin Prior					4.~~353~~371%	4.~~654~~649%
	Weighted Average Margin Current					4.~~358~~371%	4.~~654~~648%
	Weighted Average Max Rate Original					11.385%	11.521%
	Weighted Average Max Rate Prior					11.~~376~~378%	11.~~518~~505%
	Weighted Average Max Rate Current					11.~~379~~378%	11.~~516~~497%
	Weighted Average Min Rate Original					5.875%	6.007%
	Weighted Average Min Rate Prior					5.~~866~~864%	65.~~004~~993%
	Weighted Average Min Rate Current					5.~~867~~865%	65.~~002~~990%
	Weighted Average Cap Up Original					0.918%	0.919%
	Weighted Average Cap Up Prior					0.~~918~~919%	0.919%
	Weighted Average Cap Up Current					0.919%	0.~~919~~918%
	Weighted Average Cap Down Original					0.918%	0.919%
	Weighted Average Cap Down Prior					0.~~918~~919%	0.919%
	Weighted Average Cap Down Current					0.919%	0.~~919~~918%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					3228,~~832~~768.8882	9981,~~310~~996.5206	~~132~~110,~~143~~764.4088
	Delinquent Servicing Fees					~~125~~120,~~896~~174.3003	~~388~~377,~~979~~063.7786	~~514~~497,~~876~~237.0789
	TOTAL SERVICING FEES					~~158~~148,~~729~~942.1885	~~488~~459,~~290~~059.2992	~~647~~608,~~019~~002.4777
	Prepayment Interest Shortfall					1530,~~185~~191.2160	5786,~~153~~081.2555	72116,~~338~~273.4615
	Compensating Interest					(1530,~~185~~191.2160)	(5786,~~153~~081.2555)	(72116,~~338~~273.4615)
	Delinquent Servicing Fees					(~~125~~120,~~896~~174.3003)	(~~388~~377,~~979~~063.7786)	(~~514~~497,~~876~~237.0789)
	COLLECTED SERVICING FEES					3228,~~832~~768.8882	9981,~~310~~996.5206	~~132~~110,~~143~~764.4088
	Aggregate Advances with respect to this Distribution					1,~~625~~545,~~708~~041.3728	5,~~253~~097,~~237~~279.8092	6,~~878~~642,~~946~~321.1720
	Current Nonrecoverable Advances					0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Net Prepayment Interest Shortfall							0.00
	Net Monthly Excess Cash Flow							0.00
	Ending Pool Stated Principal Balance					~~374~~342,~~953~~825,~~912~~163.8224	1,~~150~~065,~~270~~199,~~505~~403.8525	1,~~525~~408,~~224~~024,~~418~~566.6749
				Page 10 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 10 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1113,~~231~~728,~~943~~372.5948	3,~~940~~871,~~240~~044.7332	~~418~~1,~~744~~292,965.2462	1518,~~590~~892,~~928~~382.5642
		% Balance			0.7498%	0.2627%	0.0309%	1.0234%
		# Loans			7084	2726	56	~~102~~116
		% # Loans			01.8003%	0.3132%	0.0607%	1.1742%
FORECLOSURE		Balance		~~992,803.88~~-	-	79762,~~492~~192.1482	45,~~228~~886,~~681~~263.6645	56,~~300~~648,~~977~~456.6827
		% Balance		0.0700%	0.00%	0.0105%	0.2842%	0.3547%
		# Loans		1-	-	15	2839	3044
		% # Loans		0.0100%	0.00%	0.0106%	0.3248%	0.3454%
BANKRUPTCY		Balance		4,~~006~~287,~~530~~337.0365	~~394~~451,~~657~~742.2890	-377,497.58	~~258~~980,~~778~~860.5699	46,~~659~~097,~~965~~439.8712
		% Balance		0.2630%	0.03%	0.0003%	0.0207%	0.3143%
		# Loans		2933	24	-4	37	3448
		% # Loans		0.3341%	0.0205%	0.0005%	0.0309%	0.3959%
REO		Balance		-	-	-	~~147~~160,~~092~~617.8094	~~147~~160,~~092~~617.8094
		% Balance		0.00%	0.00%	0.00%	0.01%	0.01%
		# Loans		-	-	-	12	12
		% # Loans		0.00%	0.00%	0.00%	0.0102%	0.0102%
TOTAL		Balance		4,~~999~~287,~~333~~337.9165	1114,~~626~~180,~~600~~115.8738	45,~~019~~010,~~732~~734.8772	58,~~053~~320,~~297~~708.2600	2531,~~698~~798,~~964~~895.9175
		% Balance		0.3330%	01.7601%	0.2636%	0.3359%	12.6826%
		# Loans		3033	7288	2835	3754	~~167~~210
		% # Loans		0.3441%	01.8208%	0.3243%	0.4266%	12.9158%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 11 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 11 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			89,~~133~~750,~~060~~430.2616	32,~~710~~943,~~141~~990.8925	~~307~~557,~~133~~011.3601	1213,~~150~~251,~~335~~431.5142
		% Balance			0.7192%	0.3228%	0.0305%	1.0624%
		# Loans			5768	2522	34	8594
		% # Loans			0.7697%	0.3331%	0.0406%	1.1333%
FORECLOSURE		Balance		-	-	79762,~~492~~192.1482	23,~~622~~857,~~397~~001.1001	24,~~701~~619,~~889~~193.2483
		% Balance		0.00%	0.00%	0.0107%	0.2336%	0.2343%
		# Loans		-	-	15	2332	2437
		% # Loans		0.00%	0.00%	0.0107%	0.3145%	0.3253%
BANKRUPTCY		Balance		4,~~006~~287,~~530~~337.0365	~~394~~382,~~657~~437.2825	-297,241.66	~~163~~729,~~108~~533.3533	45,~~564~~696,~~295~~549.6689
		% Balance		0.3540%	0.0304%	0.0003%	0.0107%	0.4053%
		# Loans		2933	23	-3	25	3344
		% # Loans		0.3947%	0.0304%	0.0004%	0.0307%	0.4462%
REO		Balance		-	-	-	~~147~~160,~~092~~617.8094	~~147~~160,~~092~~617.8094
		% Balance		0.00%	0.00%	0.00%	0.0102%	0.0102%
		# Loans		-	-	-	12	12
		% # Loans		0.00%	0.00%	0.00%	0.0103%	0.0103%
TOTAL		Balance		4,~~006~~287,~~530~~337.0365	810,~~527~~132,~~717~~867.5441	34,~~789~~003,~~634~~424.0373	35,~~239~~304,~~731~~163.6129	1923,~~563~~727,~~613~~793.2108
		% Balance		0.3540%	0.7495%	0.3338%	0.2850%	12.7023%
		# Loans		2933	5971	2630	2943	~~143~~177
		% # Loans		0.3947%	01.7801%	0.3543%	0.3961%	12.9051%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 12 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 12 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			3,~~098~~977,~~883~~942.3332	~~230~~927,~~098~~054.8407	~~111~~735,~~610~~954.8861	35,~~440~~640,~~593~~951.0500
		% Balance			01.8316%	0.0627%	0.0321%	01.9265%
		# Loans			1316	24	2	1722
		% # Loans			1.0845%	0.1736%	0.1718%	12.4100%
FORECLOSURE		Balance		~~992,803.88~~-	-	-	12,~~606~~029,~~284~~262.5644	2,~~599~~029,~~088~~262.44
		% Balance		0.2600%	0.00%	0.00%	0.4359%	0.6959%
		# Loans		1-	-	-	57	67
		% # Loans		0.0800%	0.00%	0.00%	0.4164%	0.5064%
BANKRUPTCY		Balance		-	-69,305.65	-80,255.92	95251,~~670~~327.2166	95400,~~670~~889.2123
		% Balance		0.00%	0.0002%	0.0002%	0.0307%	0.0312%
		# Loans		-	-1	-1	12	14
		% # Loans		0.00%	0.0009%	0.0009%	0.0818%	0.0836%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		~~992,803.88~~-	34,~~098~~047,~~883~~247.3397	~~230~~1,~~098~~007,309.8499	13,~~813~~016,~~565~~544.6571	68,~~135~~071,~~351~~102.7067
		% Balance		0.2600%	01.8318%	0.0629%	0.4888%	12.6435%
		# Loans		1-	1317	25	811	2433
		% # Loans		0.0800%	1.0855%	0.1745%	01.6600%	13.9900%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 13 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 13 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	REO Report for September 27, 2004 Distribution
	REO Report for December 27, 2004 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1; REO Book Value = Not Available
Total Loan Count = 1				Loan Group 1 = Group 1; REO Book Value = Not Available
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2; REO Book Value = Not Available
Total Original Principal Balance = 85,000.00				Loan Group 2 = Group 2; REO Book Value = Not Available
Total Current Balance = 000.00
Total Current Balance = 84,318.12
REO Book Value = Not Available
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
17276288 1		85,000.00	84,318.12	May-01-04	7.250%	NC - 100.00%	360	Jan-16-04
				Page 14 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 14 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Foreclosure Report for September 27, 2004 Distribution
	Foreclosure Report for December 27, 2004 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 18				Loan Group 1 = Group 1
Total Loan Count = 17				Loan Group 1 = Group 1
Total Original Principal Balance = 2,235,900.00				Loan Group 2 = Group 2
Total Original Principal Balance = 2,765,000.00				Loan Group 2 = Group 2
Total Current Balance = 2,225,829.72
Total Current Balance = 2,752,949.06
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
17250671 1		76,300.00	76,299.82	Apr-01-04	7.625%	AL - 89.34%	360	Jan-06-04
17255183 1		128,250.00	128,250.00	Aug-01-04	8.375%	FL - 95.00%	360	Jan-08-04
17252578 1		50,950.00	50,950.00	Apr-01-04	6.750%	UT - 79.98%	360	Jan-05-04
17258450 1		228,100.00	228,100.00	Aug-01-04	5.500%	CA - 79.99%	360	Jan-05-04
17263310 1		84,000.00	83,475.20	Apr-01-04	8.000%	IN - 100.00%	360	Nov-07-03
17267261 1		55,200.00	54,834.94	Jul-01-04	8.250%	OH - 80.00%	360	Jan-09-04
17267808 1		108,000.00	107,520.13	Apr-01-04	8.375%	WI - 90.00%	360	Jan-09-04
17287855 1		96,800.00	96,800.00	Jul-01-04	6.125%	IL - 80.00%	360	Jan-22-04
17268954 1		104,800.00	104,773.80	Mar-01-04	5.999%	SC - 80.00%	360	Jan-15-04
17296393 1		68,400.00	67,877.78	Jul-01-04	7.500%	IL - 90.00%	360	Jan-20-04
17272717 1		150,700.00	150,691.29	Apr-01-04	6.500%	MI - 79.99%	360	Jan-15-04
17315300 1		144,500.00	143,396.87	Jun-01-04	7.500%	OH - 85.00%	360	Jan-26-04
17283086 1		129,600.00	128,809.81	Apr-01-04	7.000%	FL - 80.00%	360	Jan-21-04
17318494 1		65,650.00	65,056.12	Jul-01-04	6.625%	NE - 79.96%	360	Jan-30-04
17285701 1		105,000.00	104,496.80	Apr-01-04	8.000%	OH - 100.00%	360	Jan-16-04
17320631 1		97,600.00	96,629.29	Jun-01-04	6.125%	KY - 80.00%	360	Jan-30-04
17286006 1		96,950.00	96,473.63	Apr-01-04	7.875%	NY - 70.00%	360	Jan-22-04
17526997 1		88,500.00	87,911.51	Jul-01-04	7.625%	SC - 100.00%	360	Feb-10-04
17288184 1		185,250.00	184,029.63	Mar-01-04	6.375%	CA - 94.52%	360	Jan-13-04
17527680 1		221,600.00	220,222.78	Jul-01-04	7.990%	NY - 80.00%	360	Feb-12-04
17291261 1		79,900.00	79,492.14	May-01-04	7.750%	GA - 100.00%	360	Jan-23-04
17529140 1		96,000.00	95,379.88	Jun-01-04	8.125%	TX - 80.00%	360	Feb-10-04
17291766 1		83,900.00	83,900.00	Apr-01-04	6.375%	AZ - 79.98%	360	Jan-21-04
17530551 1		76,000.00	76,000.00	Aug-01-04	7.125%	AZ - 80.00%	360	Feb-13-04
17297896 1		49,500.00	49,256.79	Apr-01-04	7.875%	PA - 90.00%	360	Jan-27-04
17261579 2		49,500.00	49,225.26	Jul-01-04	9.500%	OH - 90.00%	360	Jan-06-04
17300567 1		84,000.00	83,451.17	Apr-01-04	7.125%	MD - 80.00%	360	Jan-28-04
17281148 2		68,900.00	68,479.79	Jul-01-04	8.625%	OH - 100.00%	360	Jan-20-04
17302563 1		175,000.00	174,002.74	Apr-01-04	7.125%	IL - 100.00%	360	Jan-29-04
17305202 2		346,500.00	343,731.88	Jul-01-04	7.625%	FL - 90.00%	360	Jan-28-04
17530213 1		91,800.00	91,404.90	Apr-01-04	7.750%	IL - 90.00%	360	Feb-18-04
17309550 2		544,000.00	544,000.00	Apr-01-04	6.750%	TX - 80.00%	360	Jan-29-04
17246679 2		155,250.00	154,535.42	Apr-01-04	8.875%	IL - 90.00%	360	Dec-10-03
17316357 2		389,500.00	387,052.96	Jul-01-04	8.500%	TX - 95.00%	360	Jan-30-04
17259698 2		425,000.00	422,266.45	Apr-01-04	6.500%	NY - 100.00%	360	Jan-09-04
				Page 15 of 30				© COPYRIGHT 2004 Deutsche Bank
				Page 15 of 27				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					1652	~~124~~214	~~140~~266
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					1652	~~124~~214	~~140~~266
	Paid in Full Balance					514,~~845~~499,~~299~~652.3894	2035,~~398~~256,~~318~~963.4718	2649,~~243~~756,~~617~~616.8512
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					1513,~~682~~461.5647	5191,~~764~~099.9769	67104,~~447~~561.5316
	Total Prepayment Amount					514,~~860~~513,~~981~~114.9441	2035,~~450~~348,~~083~~062.4487	2649,~~311~~861,~~065~~177.3828
	Cumulative
	Number of Paid in Full Loans					55161	~~278~~761	~~333~~922
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					55161	~~278~~761	~~333~~922
	Paid in Full Balance					1950,~~286~~977,~~151~~430.6316	48131,~~129~~121,~~310~~045.2383	67182,~~415~~098,~~461~~475.8699
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					3184,~~479~~796.0529	~~440~~650,~~839~~245.3867	~~472~~735,~~318~~041.4396
	Total Prepayment Amount					1951,~~317~~062,~~630~~226.6845	48131,~~570~~771,~~149~~291.6150	67182,~~887~~833,~~780~~517.2995
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 16 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 16 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					14.5406%	13.7521%	13.7042%
	3 Months Avg SMM					12.2891%	12.1447%	12.1858%
	12 Months Avg SMM
	Avg SMM Since Cut-off					1.2596%	1.0365%	1.0873%
	CPR					1639.9820%	1932.0641%	1834.5514%
	3 Months Avg CPR					1429.3382%	1225.9097%	~~13.~~26.93%
	12 Months Avg CPR
	Avg CPR Since Cut-off					1321.9817%	1118.6610%	1218.2487%
	PSA					~~1209~~1962.8739%	~~1377~~1634.0265%	~~1335~~1718.8754%
	3 Months Avg PSA Approximation					~~1190~~1657.5738%	~~1089~~1456.5718%	~~1114~~1506.9281%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~1267~~1510.6736%	~~1075~~1308.4315%	~~1123~~1359.9804%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 17 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 17 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 Distribution
	Prepayment Report - Voluntary Prepayments
	Group 1
	Group 2
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
				Page 18 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 18 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 140						Loan Group 1 = Group 1
Total Loan Count = 266						Loan Group 1 = Group 1
Total Original Principal Balance = 26,583,455.00						Loan Group 2 = Group 2
Total Original Principal Balance = 49,975,630.00						Loan Group 2 = Group 2
Total Prepayment Amount = 26,243,617.85
Total Prepayment Amount = 49,756,616.12
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
17246042 1			136,800.00	135,780.93	Aug-05-04	8.250%	NY - 90.00%	Paid Off - 360	Aug-25-03
17246414 1			270,500.00	267,800.12	Nov-09-04	6.625%	CA - 93.28%	Paid Off - 360	Nov-19-03
17246471 1			153,000.00	152,071.48	Aug-04-04	7.500%	IL - 85.00%	Paid Off - 360	Nov-21-03
17246901 1			154,000.00	152,672.34	Nov-04-04	6.875%	CA - 93.33%	Paid Off - 360	Dec-16-03
17246729 1			151,500.00	148,339.55	Aug-18-04	7.875%	AZ - 90.18%	Paid Off - 180	Dec-10-03
17247206 1			110,000.00	108,923.25	Nov-23-04	6.990%	CA - 59.46%	Paid Off - 360	Dec-11-03
17247578 1			215,000.00	215,000.00	Aug-31-04	7.500%	CA - 100.00%	Paid Off - 360	Nov-03-03
17247313 1			87,500.00	86,879.70	Nov-30-04	7.875%	TX - 100.00%	Paid Off - 360	Dec-31-03
17247842 1			225,600.00	225,569.08	Aug-09-04	7.625%	FL - 80.00%	Paid Off - 360	Dec-29-03
17247487 1			33,300.00	33,113.02	Nov-30-04	8.500%	WI - 90.00%	Paid Off - 360	Dec-30-03
17248113 1			144,000.00	143,698.13	Aug-27-04	7.500%	RI - 80.00%	Paid Off - 360	Dec-29-03
17247974 1			45,000.00	44,565.51	Nov-30-04	7.500%	NV - 29.61%	Paid Off - 360	Dec-26-03
17248592 1			56,800.00	56,388.57	Aug-04-04	5.875%	NC - 80.00%	Paid Off - 360	Jan-05-04
17247982 1			127,400.00	127,400.00	Nov-30-04	6.000%	UT - 79.99%	Paid Off - 360	Dec-31-03
17249442 1			96,800.00	96,254.83	Aug-06-04	6.375%	FL - 80.00%	Paid Off - 360	Dec-30-03
17248675 1			148,000.00	147,994.24	Nov-09-04	5.500%	CA - 80.00%	Paid Off - 360	Dec-30-03
17250630 1			280,000.00	279,785.62	Aug-05-04	7.375%	CA - 80.00%	Paid Off - 360	Dec-09-03
17248790 1			117,250.00	117,250.00	Nov-30-04	7.990%	AZ - 99.98%	Paid Off - 360	Dec-29-03
17251109 1			110,000.00	109,221.01	Aug-31-04	6.125%	MO - 80.00%	Paid Off - 360	Dec-31-03
17249285 1			152,000.00	150,429.38	Nov-04-04	8.125%	MI - 95.00%	Paid Off - 360	Dec-29-03
17251398 1			107,000.00	107,000.00	Aug-16-04	8.250%	MO - 100.00%	Paid Off - 360	Dec-31-03
17249376 1			292,000.00	291,990.42	Nov-30-04	6.125%	CA - 80.00%	Paid Off - 360	Dec-19-03
17251695 1			146,050.00	145,495.71	Aug-31-04	8.375%	NM - 99.98%	Paid Off - 360	Jan-05-04
17249806 1			77,000.00	76,459.55	Nov-30-04	7.375%	MO - 78.57%	Paid Off - 360	Dec-30-03
17254491 1			72,000.00	71,622.73	Aug-31-04	6.750%	VA - 80.00%	Paid Off - 360	Jan-07-04
17249822 1			154,800.00	154,792.45	Nov-30-04	7.500%	MD - 90.00%	Paid Off - 360	Dec-31-03
17255001 1			245,200.00	245,200.00	Aug-24-04	5.250%	CA - 80.00%	Paid Off - 360	Dec-22-03
17249889 1			176,000.00	174,122.31	Nov-17-04	5.750%	MN - 80.00%	Paid Off - 360	Dec-29-03
17255647 1			174,000.00	173,020.38	Aug-31-04	6.375%	CA - 63.27%	Paid Off - 360	Dec-29-03
17250234 1			66,000.00	66,000.00	Nov-30-04	8.000%	MI - 75.00%	Paid Off - 360	Jan-06-04
17256637 1			45,000.00	44,822.49	Aug-06-04	8.500%	OH - 90.00%	Paid Off - 360	Jan-09-04
17251067 1			146,900.00	145,763.46	Nov-16-04	6.875%	CO - 69.99%	Paid Off - 360	Jan-05-04
17256694 1			199,000.00	199,000.00	Aug-04-04	7.250%	GA - 100.00%	Paid Off - 360	Jan-08-04
17251125 1			275,000.00	273,285.86	Nov-16-04	7.990%	IL - 100.00%	Paid Off - 360	Dec-31-03
17257437 1			135,000.00	135,000.00	Aug-26-04	7.375%	FL - 90.00%	Paid Off - 360	Jan-09-04
17251422 1			258,000.00	255,822.84	Nov-16-04	6.625%	CA - 43.73%	Paid Off - 360	Dec-30-03
17257833 1			99,750.00	99,287.53	Aug-20-04	7.375%	VA - 95.00%	Paid Off - 360	Jan-05-04
17251570 1			160,000.00	158,732.32	Nov-10-04	6.750%	CA - 60.15%	Paid Off - 360	Dec-31-03
17258856 1			278,000.00	278,000.00	Aug-19-04	5.750%	CA - 80.00%	Paid Off - 360	Jan-06-04
17251778 1			190,000.00	188,529.99	Nov-30-04	6.875%	MN - 100.00%	Paid Off - 360	Jan-06-04
17259219 1			266,000.00	5,605.59	Aug-31-04	6.750%	FL - 95.00%	Paid Off - 360	Jan-09-04
17251927 1			177,700.00	177,700.00	Nov-30-04	5.750%	TX - 80.00%	Paid Off - 360	Dec-31-03
17259516 1			90,000.00	89,539.77	Aug-20-04	6.875%	AZ - 90.00%	Paid Off - 360	Jan-08-04
17251943 1			69,600.00	69,600.00	Nov-30-04	6.000%	TN - 80.00%	Paid Off - 360	Jan-06-04
17260852 1			108,500.00	108,021.14	Aug-26-04	7.625%	ME - 63.82%	Paid Off - 360	Jan-07-04
17251976 1			178,500.00	177,216.01	Nov-30-04	7.250%	MN - 85.00%	Paid Off - 360	Dec-31-03
17261082 1			309,950.00	309,950.00	Aug-13-04	6.250%	MD - 79.99%	Paid Off - 360	Jan-12-04
17252545 1			136,352.00	136,352.00	Nov-30-04	6.500%	GA - 100.00%	Paid Off - 360	Jan-06-04
17261207 1			110,500.00	109,974.88	Aug-02-04	7.250%	WV - 85.00%	Paid Off - 360	Jan-07-04
17252636 1			306,050.00	303,222.42	Nov-22-04	6.990%	CA - 90.00%	Paid Off - 360	Dec-30-03
17261223 1			322,200.00	322,188.00	Aug-03-04	6.625%	CA - 90.00%	Paid Off - 360	Dec-15-03
17253667 1			36,000.00	35,757.20	Nov-30-04	8.125%	TN - 100.00%	Paid Off - 360	Jan-07-04
17261496 1			182,800.00	181,842.27	Aug-05-04	6.750%	IL - 59.54%	Paid Off - 360	Jan-07-04
17254707 1			153,000.00	153,000.00	Nov-04-04	7.250%	CA - 87.43%	Paid Off - 360	Dec-19-03
17261553 1			180,000.00	179,167.43	Aug-02-04	7.875%	MI - 80.00%	Paid Off - 360	Jan-07-04
17256215 1			180,000.00	178,467.07	Nov-02-04	6.375%	CA - 73.47%	Paid Off - 360	Dec-30-03
17261678 1			55,250.00	55,012.21	Aug-26-04	7.750%	FL - 85.00%	Paid Off - 360	Jan-12-04
17256306 1			249,000.00	248,996.74	Nov-16-04	6.875%	CA - 100.00%	Paid Off - 360	Dec-30-03
17262528 1			157,000.00	155,817.37	Aug-05-04	7.990%	TX - 82.63%	Paid Off - 360	Jan-07-04
17257122 1			203,900.00	203,895.42	Nov-03-04	6.000%	CA - 79.99%	Paid Off - 360	Jan-06-04
17263039 1			296,000.00	294,818.37	Aug-26-04	8.125%	FL - 100.00%	Paid Off - 360	Jan-12-04
17257247 1			101,650.00	101,650.00	Nov-23-04	7.625%	KY - 95.00%	Paid Off - 360	Dec-02-03
17263708 1			157,500.00	156,713.96	Aug-05-04	7.000%	CT - 75.00%	Paid Off - 360	Jan-08-04
17258708 1			169,900.00	169,898.27	Nov-16-04	7.625%	MN - 100.00%	Paid Off - 360	Jan-09-04
17263823 1			99,400.00	99,400.00	Aug-04-04	7.125%	CA - 74.74%	Paid Off - 360	Dec-30-03
17258898 1			148,000.00	146,826.99	Nov-30-04	6.750%	GA - 80.00%	Paid Off - 360	Jan-09-04
17263963 1			214,200.00	213,206.90	Aug-25-04	7.375%	OR - 85.00%	Paid Off - 360	Jan-08-04
17258914 1			110,300.00	109,315.16	Nov-30-04	6.125%	AZ - 79.99%	Paid Off - 360	Jan-06-04
17264276 1			175,500.00	174,816.84	Aug-19-04	8.250%	CA - 90.00%	Paid Off - 360	Jan-05-04
17259201 1			111,200.00	111,200.00	Nov-30-04	5.500%	NV - 80.00%	Paid Off - 360	Jan-06-04
17264383 1			156,800.00	156,757.53	Aug-04-04	6.500%	CA - 80.00%	Paid Off - 360	Jan-05-04
17259565 1			60,800.00	60,217.37	Nov-24-04	5.750%	NC - 80.00%	Paid Off - 360	Jan-09-04
17264755 1			305,000.00	303,402.06	Aug-24-04	6.750%	CA - 100.00%	Paid Off - 360	Jan-06-04
17259599 1			92,000.00	91,954.74	Nov-30-04	7.625%	FL - 100.00%	Paid Off - 360	Jan-09-04
17266586 1			265,250.00	265,250.00	Aug-04-04	5.875%	CA - 79.99%	Paid Off - 360	Dec-31-03
17260027 1			104,000.00	104,000.00	Nov-30-04	6.875%	CA - 80.00%	Paid Off - 360	Jan-06-04
17267295 1			190,800.00	189,699.53	Aug-10-04	6.250%	CA - 80.00%	Paid Off - 360	Jan-07-04
17260159 1			311,750.00	311,750.00	Nov-15-04	8.375%	NV - 100.00%	Paid Off - 360	Dec-30-03
17267592 1			168,000.00	167,076.29	Aug-16-04	6.500%	NV - 79.25%	Paid Off - 360	Jan-07-04
17260563 1			92,000.00	91,920.19	Nov-01-04	6.750%	AZ - 80.00%	Paid Off - 360	Dec-30-03
17267881 1			238,850.00	237,769.69	Aug-20-04	7.500%	CA - 85.00%	Paid Off - 360	Jan-09-04
17260621 1			188,000.00	187,956.98	Nov-24-04	5.375%	FL - 80.00%	Paid Off - 360	Jan-12-04
17268293 1			89,600.00	89,119.09	Aug-31-04	6.625%	MI - 80.00%	Paid Off - 360	Jan-09-04
17260803 1			67,500.00	67,499.99	Nov-30-04	8.500%	IL - 90.00%	Paid Off - 360	Jan-12-04
17268673 1			78,400.00	78,087.02	Aug-05-04	8.125%	GA - 80.00%	Paid Off - 360	Jan-14-04
17261504 1			293,600.00	293,599.67	Nov-15-04	5.500%	CA - 80.00%	Paid Off - 360	Jan-07-04
17269267 1			246,500.00	245,214.51	Aug-24-04	7.125%	IL - 85.00%	Paid Off - 360	Jan-09-04
17261652 1			170,000.00	170,000.00	Nov-01-04	7.625%	AZ - 94.44%	Paid Off - 360	Jan-06-04
					Page 19 of 27				© COPYRIGHT 2004 Deutsche Bank
					Page 19 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
17270240 1			244,000.00	244,000.00	Aug-13-04	5.500%	FL - 80.00%	Paid Off - 360	Jan-09-04
17261843 1			116,000.00	115,035.48	Nov-30-04	6.500%	OH - 80.00%	Paid Off - 360	Jan-07-04
17270802 1			128,000.00	127,391.73	Aug-11-04	7.250%	CA - 69.19%	Paid Off - 360	Jan-10-04
17262494 1			120,000.00	119,157.62	Nov-30-04	7.375%	FL - 80.00%	Paid Off - 360	Jan-06-04
17270950 1			198,000.00	197,999.99	Aug-31-04	7.375%	CA - 90.00%	Paid Off - 360	Jan-09-04
17263310 1			84,000.00	83,355.08	Nov-30-04	8.000%	IN - 100.00%	Paid Off - 360	Nov-07-03
17273285 1			150,500.00	150,495.21	Aug-19-04	6.500%	CA - 79.98%	Paid Off - 360	Jan-08-04
17263849 1			50,000.00	49,661.03	Nov-30-04	8.250%	KY - 100.00%	Paid Off - 360	Dec-08-03
17273483 1			123,900.00	123,398.01	Aug-19-04	8.250%	MI - 100.00%	Paid Off - 360	Jan-16-04
17264029 1			305,000.00	304,877.06	Nov-24-04	6.875%	CA - 100.00%	Paid Off - 360	Dec-24-03
17274762 1			198,100.00	196,727.19	Aug-23-04	5.500%	NV - 79.99%	Paid Off - 360	Jan-12-04
17264292 1			89,600.00	88,872.61	Nov-30-04	6.625%	GA - 80.00%	Paid Off - 360	Jan-13-04
17275124 1			210,800.00	210,800.00	Aug-12-04	6.990%	CA - 85.00%	Paid Off - 360	Dec-30-03
17264326 1			120,000.00	118,748.02	Nov-10-04	5.875%	PA - 80.00%	Paid Off - 360	Jan-13-04
17275348 1			68,000.00	67,607.78	Aug-04-04	6.250%	MN - 59.13%	Paid Off - 360	Jan-12-04
17264797 1			127,500.00	126,728.67	Nov-30-04	8.125%	NC - 100.00%	Paid Off - 360	Jan-13-04
17277229 1			68,000.00	67,558.33	Aug-31-04	8.500%	TN - 80.00%	Paid Off - 360	Jan-12-04
17265026 1			91,200.00	90,605.46	Nov-30-04	7.750%	FL - 80.00%	Paid Off - 360	Jan-13-04
17278862 1			270,400.00	269,176.95	Aug-26-04	7.500%	CA - 80.00%	Paid Off - 360	Jan-14-04
17265406 1			194,000.00	193,999.93	Nov-10-04	5.625%	CA - 80.00%	Paid Off - 360	Jan-05-04
17279761 1			330,000.00	328,682.62	Aug-11-04	8.125%	CT - 100.00%	Paid Off - 360	Jan-14-04
17265422 1			217,550.00	216,131.82	Nov-23-04	7.750%	OH - 95.00%	Paid Off - 360	Jan-08-04
17280280 1			204,850.00	203,843.72	Aug-27-04	7.625%	NH - 85.00%	Paid Off - 360	Jan-14-04
17265760 1			276,000.00	275,999.50	Nov-30-04	5.250%	CA - 80.00%	Paid Off - 360	Jan-09-04
17281882 1			319,500.00	318,192.09	Aug-04-04	8.000%	IL - 89.00%	Paid Off - 360	Jan-13-04
17266008 1			115,278.00	115,278.00	Nov-23-04	6.375%	GA - 80.00%	Paid Off - 360	Jan-13-04
17283672 1			183,000.00	182,130.36	Aug-18-04	7.250%	CA - 75.00%	Paid Off - 360	Jan-12-04
17266073 1			107,100.00	106,348.20	Nov-30-04	7.375%	MI - 90.00%	Paid Off - 360	Jan-14-04
17284936 1			56,000.00	55,636.54	Aug-30-04	5.625%	NC - 80.00%	Paid Off - 360	Jan-21-04
17266123 1			262,200.00	260,019.83	Nov-04-04	6.500%	IL - 95.00%	Paid Off - 360	Jan-08-04
17287533 1			178,300.00	177,930.00	Aug-12-04	5.875%	CA - 79.98%	Paid Off - 360	Jan-13-04
17266271 1			220,000.00	218,035.75	Nov-30-04	6.125%	FL - 80.00%	Paid Off - 360	Jan-13-04
17287848 1			212,000.00	210,862.14	Aug-23-04	6.625%	CA - 78.23%	Paid Off - 360	Jan-13-04
17266347 1			133,950.00	132,853.90	Nov-12-04	6.625%	CA - 69.77%	Paid Off - 360	Dec-30-03
17289620 1			150,000.00	149,652.75	Aug-24-04	6.875%	CA - 81.08%	Paid Off - 360	Jan-13-04
17266529 1			162,900.00	162,900.00	Nov-12-04	5.750%	CA - 90.00%	Paid Off - 360	Jan-05-04
17289703 1			239,800.00	238,279.69	Aug-25-04	5.750%	CA - 79.99%	Paid Off - 360	Jan-13-04
17266743 1			116,000.00	115,243.82	Nov-17-04	7.750%	MO - 80.00%	Paid Off - 360	Jan-09-04
17289877 1			99,950.00	99,950.00	Aug-31-04	6.000%	MA - 79.99%	Paid Off - 360	Jan-23-04
17266784 1			180,000.00	180,000.00	Nov-03-04	6.500%	CA - 80.00%	Paid Off - 360	Jan-05-04
17289992 1			256,950.00	256,950.00	Aug-06-04	5.875%	CA - 79.99%	Paid Off - 360	Jan-13-04
17267634 1			212,500.00	210,664.06	Nov-17-04	6.500%	MI - 85.00%	Paid Off - 360	Jan-09-04
17290503 1			128,700.00	127,903.01	Aug-10-04	5.875%	FL - 86.38%	Paid Off - 360	Jan-16-04
17268228 1			190,000.00	188,303.54	Nov-12-04	6.125%	NV - 95.00%	Paid Off - 360	Jan-07-04
17291006 1			100,800.00	100,800.00	Aug-31-04	6.375%	OH - 80.00%	Paid Off - 360	Jan-19-04
17268269 1			144,000.00	142,661.02	Nov-18-04	6.000%	CA - 80.00%	Paid Off - 360	Jan-08-04
17291345 1			184,000.00	184,000.00	Aug-09-04	5.990%	FL - 80.00%	Paid Off - 360	Jan-23-04
17268574 1			315,000.00	312,842.61	Nov-03-04	7.500%	NJ - 90.00%	Paid Off - 360	Jan-13-04
17291527 1			210,000.00	210,000.00	Aug-24-04	7.625%	NV - 100.00%	Paid Off - 360	Jan-14-04
17269507 1			244,000.00	243,939.00	Nov-30-04	6.000%	VA - 79.99%	Paid Off - 360	Jan-14-04
17292657 1			268,800.00	268,800.00	Aug-10-04	5.750%	CA - 80.00%	Paid Off - 360	Jan-16-04
17270539 1			307,950.00	307,950.00	Nov-17-04	5.250%	CA - 80.00%	Paid Off - 360	Jan-06-04
17293168 1			204,650.00	204,650.00	Aug-24-04	5.625%	CA - 80.00%	Paid Off - 360	Jan-14-04
17270927 1			150,000.00	150,000.00	Nov-01-04	7.875%	CA - 100.00%	Paid Off - 360	Jan-06-04
17294109 1			294,400.00	294,400.00	Aug-18-04	7.500%	CA - 80.00%	Paid Off - 360	Jan-07-04
17271537 1			160,000.00	158,731.89	Nov-04-04	6.750%	TX - 80.00%	Paid Off - 360	Jan-15-04
17295916 1			257,300.00	257,300.00	Aug-12-04	5.125%	CA - 79.99%	Paid Off - 360	Jan-20-04
17271727 1			216,750.00	216,750.00	Nov-05-04	7.500%	CA - 85.00%	Paid Off - 360	Jan-06-04
17297052 1			162,000.00	161,065.58	Aug-06-04	6.250%	NC - 100.00%	Paid Off - 360	Jan-26-04
17272717 1			150,700.00	150,691.29	Nov-30-04	6.500%	MI - 79.99%	Paid Off - 360	Jan-15-04
17298001 1			264,500.00	264,500.00	Aug-12-04	6.375%	OR - 89.98%	Paid Off - 360	Jan-20-04
17272816 1			50,000.00	49,689.81	Nov-29-04	8.000%	TX - 100.00%	Paid Off - 360	Jan-15-04
17298092 1			99,000.00	99,000.00	Aug-31-04	7.625%	AZ - 90.00%	Paid Off - 360	Jan-22-04
17272832 1			212,000.00	212,000.00	Nov-05-04	5.500%	CA - 80.00%	Paid Off - 360	Jan-12-04
17298472 1			180,000.00	179,165.45	Aug-27-04	7.375%	FL - 90.00%	Paid Off - 360	Jan-22-04
17272931 1			63,000.00	62,524.16	Nov-29-04	7.000%	MI - 100.00%	Paid Off - 360	Jan-16-04
17298662 1			243,800.00	242,451.45	Aug-31-04	6.625%	MD - 80.00%	Paid Off - 360	Jan-21-04
17273020 1			188,250.00	186,035.16	Nov-15-04	4.625%	CA - 79.99%	Paid Off - 360	Jan-07-04
17299157 1			166,500.00	166,268.72	Aug-04-04	6.500%	CA - 90.00%	Paid Off - 360	Jan-13-04
17273491 1			238,000.00	236,327.87	Nov-02-04	7.375%	CA - 100.00%	Paid Off - 360	Jan-09-04
17301573 1			120,000.00	119,429.52	Aug-11-04	7.250%	CA - 80.00%	Paid Off - 360	Jan-08-04
17273970 1			95,000.00	94,439.50	Nov-05-04	8.250%	GA - 100.00%	Paid Off - 360	Jan-16-04
17302290 1			380,000.00	377,701.65	Aug-13-04	6.000%	CA - 80.00%	Paid Off - 360	Jan-22-04
17274010 1			267,900.00	267,900.00	Nov-12-04	5.750%	CA - 79.99%	Paid Off - 360	Jan-13-04
17302753 1			128,250.00	127,684.10	Aug-24-04	7.625%	IL - 95.00%	Paid Off - 360	Jan-23-04
17274499 1			35,200.00	34,950.88	Nov-10-04	7.625%	MO - 80.00%	Paid Off - 360	Jan-12-04
17302985 1			106,400.00	105,868.97	Aug-17-04	7.000%	TX - 80.00%	Paid Off - 360	Jan-23-04
17274630 1			103,500.00	103,500.00	Nov-02-04	6.250%	MO - 90.00%	Paid Off - 360	Jan-12-04
17303132 1			118,875.00	118,280.55	Aug-16-04	6.990%	IL - 75.00%	Paid Off - 360	Jan-23-04
17274655 1			173,600.00	173,599.70	Nov-23-04	5.875%	NV - 80.00%	Paid Off - 360	Jan-12-04
17303751 1			167,350.00	166,514.81	Aug-04-04	7.000%	FL - 94.98%	Paid Off - 360	Jan-23-04
17274861 1			121,500.00	120,647.09	Nov-30-04	7.375%	TX - 100.00%	Paid Off - 360	Jan-16-04
17303983 1			50,000.00	49,795.27	Aug-03-04	8.000%	MI - 24.39%	Paid Off - 360	Jan-23-04
17275058 1			87,000.00	86,389.03	Nov-02-04	7.375%	AR - 69.05%	Paid Off - 360	Jan-12-04
17304262 1			133,000.00	132,999.25	Aug-02-04	7.500%	IL - 94.33%	Paid Off - 360	Jan-23-04
17275157 1			198,000.00	198,000.00	Nov-03-04	7.000%	FL - 90.00%	Paid Off - 360	Jan-16-04
17305020 1			142,200.00	142,200.00	Aug-03-04	7.125%	CO - 90.00%	Paid Off - 360	Jan-28-04
17275173 1			144,000.00	142,578.06	Nov-15-04	5.750%	NV - 80.00%	Paid Off - 360	Jan-09-04
17305418 1			83,200.00	82,617.22	Aug-26-04	5.625%	NJ - 80.00%	Paid Off - 360	Jan-30-04
17275405 1			232,000.00	229,622.46	Nov-18-04	6.625%	NY - 80.00%	Paid Off - 360	Jan-16-04
17306598 1			145,000.00	144,221.64	Aug-23-04	6.625%	CA - 100.00%	Paid Off - 360	Jan-26-04
17275892 1			98,300.00	97,659.15	Nov-30-04	7.750%	IN - 94.98%	Paid Off - 360	Jan-16-04
17306978 1			109,850.00	109,358.73	Aug-04-04	7.625%	NC - 65.00%	Paid Off - 360	Jan-29-04
17277542 1			236,250.00	233,530.24	Nov-03-04	4.750%	CA - 80.00%	Paid Off - 360	Jan-07-04
17307604 1			180,000.00	179,033.89	Aug-11-04	6.625%	CA - 80.00%	Paid Off - 360	Jan-20-04
17277864 1			295,150.00	295,150.00	Nov-30-04	6.875%	CA - 84.94%	Paid Off - 360	Jan-12-04
17309493 1			299,000.00	298,988.64	Aug-30-04	7.875%	CA - 100.00%	Paid Off - 360	Jan-22-04
17278201 1			126,400.00	126,316.76	Nov-22-04	5.500%	MD - 80.00%	Paid Off - 360	Jan-16-04
17310376 1			42,000.00	41,785.17	Aug-17-04	6.875%	VA - 51.22%	Paid Off - 360	Jan-29-04
17278938 1			168,000.00	166,603.09	Nov-29-04	6.500%	IL - 80.00%	Paid Off - 360	Jan-13-04
17310855 1			210,400.00	209,349.99	Aug-19-04	7.000%	MI - 80.00%	Paid Off - 360	Jan-26-04
17279019 1			106,250.00	105,573.69	Nov-30-04	7.875%	MI - 85.00%	Paid Off - 360	Jan-14-04
17311739 1			124,000.00	123,237.00	Aug-30-04	6.125%	MN - 80.00%	Paid Off - 360	Jan-26-04
17279647 1			125,000.00	124,243.77	Nov-01-04	8.125%	IL - 100.00%	Paid Off - 360	Jan-13-04
					Page 20 of 27				© COPYRIGHT 2004 Deutsche Bank
					Page 20 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
17312190 1			187,000.00	186,999.89	Aug-05-04	7.625%	MN - 85.00%	Paid Off - 360	Jan-26-04
17280223 1			186,300.00	184,244.12	Nov-30-04	6.990%	CO - 90.00%	Paid Off - 360	Jan-14-04
17315425 1			125,000.00	124,345.10	Aug-18-04	6.750%	NV - 100.00%	Paid Off - 360	Jan-23-04
17280694 1			235,000.00	233,030.79	Nov-12-04	6.500%	CA - 60.26%	Paid Off - 360	Jan-08-04
17317850 1			262,400.00	260,807.18	Aug-18-04	6.625%	VA - 80.00%	Paid Off - 360	Jan-26-04
17282252 1			123,800.00	123,782.72	Nov-10-04	8.375%	AZ - 99.92%	Paid Off - 360	Jan-09-04
17320326 1			320,000.00	318,018.51	Aug-31-04	5.875%	CA - 80.00%	Paid Off - 360	Jan-26-04
17282385 1			58,800.00	58,458.43	Nov-30-04	8.375%	MI - 70.00%	Paid Off - 360	Jan-15-04
17320474 1			216,600.00	215,570.71	Aug-19-04	7.250%	FL - 95.00%	Paid Off - 360	Jan-30-04
17282401 1			322,500.00	320,291.26	Nov-30-04	7.500%	NY - 75.00%	Paid Off - 360	Jan-21-04
17321092 1			108,000.00	107,998.74	Aug-31-04	6.375%	CA - 80.00%	Paid Off - 360	Jan-23-04
17282492 1			220,350.00	219,016.99	Nov-30-04	8.125%	NY - 73.97%	Paid Off - 360	Jan-21-04
17321381 1			40,000.00	39,852.00	Aug-19-04	8.500%	OH - 100.00%	Paid Off - 360	Jan-27-04
17282575 1			62,500.00	62,016.46	Nov-30-04	6.875%	KY - 100.00%	Paid Off - 360	Jan-15-04
17322231 1			81,600.00	81,221.63	Aug-25-04	7.375%	MD - 80.00%	Paid Off - 360	Jan-30-04
17283524 1			78,000.00	77,226.41	Nov-24-04	6.000%	MN - 65.00%	Paid Off - 360	Jan-15-04
17322249 1			80,000.00	79,629.05	Aug-25-04	7.375%	MD - 80.00%	Paid Off - 360	Jan-30-04
17283615 1			246,500.00	246,500.00	Nov-24-04	6.875%	CA - 85.00%	Paid Off - 360	Jan-06-04
17322454 1			77,000.00	76,651.99	Aug-31-04	7.000%	PA - 84.62%	Paid Off - 360	Jan-28-04
17284183 1			240,000.00	240,000.00	Nov-24-04	6.875%	CA - 80.00%	Paid Off - 360	Jan-06-04
17322934 1			270,000.00	268,766.26	Aug-27-04	6.500%	NY - 65.85%	Paid Off - 360	Jan-28-04
17284423 1			213,500.00	211,001.54	Nov-22-04	6.990%	CA - 70.00%	Paid Off - 360	Jan-07-04
17323833 1			160,000.00	159,442.13	Aug-05-04	7.875%	MA - 80.00%	Paid Off - 360	Jan-29-04
17284795 1			228,000.00	227,971.16	Nov-30-04	7.375%	NV - 95.00%	Paid Off - 360	Jan-15-04
17524638 1			186,600.00	186,600.00	Aug-20-04	5.875%	CA - 80.00%	Paid Off - 360	Jan-27-04
17285040 1			224,000.00	224,000.00	Nov-09-04	6.250%	CA - 80.00%	Paid Off - 360	Jan-14-04
17525015 1			75,650.00	75,328.54	Aug-25-04	6.875%	TN - 85.00%	Paid Off - 360	Feb-04-04
17285370 1			124,000.00	122,559.77	Nov-30-04	6.750%	CA - 80.00%	Paid Off - 360	Jan-15-04
17525718 1			33,600.00	33,467.30	Aug-03-04	7.250%	MO - 80.00%	Paid Off - 360	Feb-06-04
17285891 1			57,600.00	57,253.74	Nov-30-04	8.500%	OH - 90.00%	Paid Off - 360	Jan-22-04
17526302 1			222,750.00	221,682.18	Aug-10-04	6.250%	CA - 90.00%	Paid Off - 360	Feb-03-04
17286147 1			57,200.00	56,870.86	Nov-30-04	8.375%	MI - 80.00%	Paid Off - 360	Jan-23-04
17528787 1			133,000.00	133,000.00	Aug-27-04	5.875%	CA - 95.00%	Paid Off - 360	Feb-09-04
17286444 1			310,000.00	307,824.04	Nov-22-04	7.375%	CA - 100.00%	Paid Off - 360	Jan-09-04
17529090 1			75,000.00	74,744.44	Aug-03-04	7.990%	CA - 18.75%	Paid Off - 360	Jan-30-04
17286519 1			245,000.00	243,322.01	Nov-30-04	7.500%	FL - 100.00%	Paid Off - 360	Jan-22-04
17530833 1			111,000.00	110,593.12	Aug-26-04	7.625%	FL - 100.00%	Paid Off - 360	Feb-19-04
17286907 1			208,000.00	206,503.86	Nov-02-04	7.250%	CA - 78.49%	Paid Off - 360	Jan-14-04
17530866 1			187,000.00	186,949.48	Aug-10-04	5.750%	CA - 60.91%	Paid Off - 360	Feb-09-04
17287129 1			151,200.00	147,160.93	Nov-03-04	8.000%	AZ - 86.90%	Paid Off - 180	Jan-12-04
17531831 1			73,600.00	73,331.20	Aug-05-04	7.875%	NC - 75.10%	Paid Off - 360	Feb-18-04
17288044 1			170,000.00	168,629.91	Nov-01-04	6.750%	RI - 91.89%	Paid Off - 360	Jan-16-04
17532490 1			153,700.00	153,177.42	Aug-23-04	8.000%	TX - 74.98%	Paid Off - 360	Feb-19-04
17288127 1			215,000.00	214,985.39	Nov-15-04	8.125%	CA - 100.00%	Paid Off - 360	Jan-07-04
17532896 1			184,000.00	184,000.00	Aug-03-04	5.500%	CA - 80.00%	Paid Off - 360	Feb-19-04
17288184 1			185,250.00	183,672.56	Nov-30-04	6.375%	CA - 94.52%	Paid Off - 360	Jan-13-04
17533290 1			212,000.00	212,000.00	Aug-02-04	6.990%	FL - 80.00%	Paid Off - 360	Feb-25-04
17288218 1			175,000.00	173,859.15	Nov-22-04	7.750%	RI - 100.00%	Paid Off - 360	Jan-16-04
17533837 1			110,000.00	107,364.22	Aug-18-04	8.125%	IL - 59.46%	Paid Off - 180	Feb-20-04
17288622 1			91,200.00	90,634.28	Nov-30-04	8.000%	OH - 95.00%	Paid Off - 360	Jan-23-04
17534447 1			118,800.00	118,800.00	Aug-02-04	6.875%	GA - 80.00%	Paid Off - 360	Feb-27-04
17288879 1			117,000.00	116,263.08	Nov-01-04	8.000%	WI - 100.00%	Paid Off - 360	Jan-23-04
17536780 1			50,000.00	49,730.20	Aug-05-04	5.625%	OH - 57.47%	Paid Off - 360	Feb-23-04
17289919 1			118,000.00	117,018.89	Nov-01-04	6.500%	MO - 71.08%	Paid Off - 360	Jan-17-04
17537259 1			143,100.00	142,602.98	Aug-03-04	6.750%	GA - 90.00%	Paid Off - 360	Feb-24-04
17289943 1			268,000.00	268,000.00	Nov-01-04	5.750%	CA - 80.00%	Paid Off - 360	Jan-13-04
17253295 2			625,000.00	621,563.70	Aug-27-04	6.500%	CA - 69.06%	Paid Off - 360	Dec-31-03
17290396 1			59,200.00	59,184.58	Nov-30-04	6.250%	TN - 80.00%	Paid Off - 360	Jan-23-04
17267014 2			171,000.00	170,383.21	Aug-26-04	8.625%	NY - 90.00%	Paid Off - 360	Jan-06-04
17291063 1			97,750.00	97,108.83	Nov-17-04	7.750%	WA - 85.00%	Paid Off - 360	Jan-15-04
17268384 2			315,000.00	315,000.00	Aug-05-04	8.500%	NV - 100.00%	Paid Off - 360	Jan-08-04
17291089 1			134,000.00	132,987.82	Nov-30-04	6.999%	OH - 89.33%	Paid Off - 360	Jan-19-04
17275025 2			107,900.00	107,530.22	Aug-04-04	8.875%	PA - 100.00%	Paid Off - 360	Jan-16-04
17291105 1			130,800.00	129,686.14	Nov-29-04	6.375%	IL - 80.00%	Paid Off - 360	Jan-26-04
17281999 2			360,000.00	358,367.47	Aug-06-04	7.500%	CA - 100.00%	Paid Off - 360	Jan-15-04
17291410 1			48,700.00	48,419.80	Nov-30-04	8.375%	MI - 79.97%	Paid Off - 360	Jan-26-04
17296864 2			440,000.00	437,401.10	Aug-03-04	6.125%	CA - 80.00%	Paid Off - 360	Jan-21-04
17291501 1			312,000.00	311,879.90	Nov-01-04	6.500%	CA - 80.00%	Paid Off - 360	Jan-16-04
17305533 2			397,800.00	397,800.00	Aug-09-04	7.250%	CA - 85.00%	Paid Off - 360	Jan-16-04
17291592 1			214,400.00	214,400.00	Nov-02-04	6.375%	CA - 80.00%	Paid Off - 360	Jan-14-04
17307695 2			336,000.00	336,000.00	Aug-20-04	5.875%	CA - 80.00%	Paid Off - 360	Jan-22-04
17291931 1			272,000.00	272,000.00	Nov-30-04	5.500%	CA - 80.00%	Paid Off - 360	Jan-15-04
17308560 2			96,900.00	96,584.60	Aug-05-04	9.125%	CA - 85.00%	Paid Off - 360	Jan-20-04
17291949 1			80,000.00	79,302.37	Nov-30-04	6.250%	CO - 53.33%	Paid Off - 360	Jan-23-04
17312216 2			700,000.00	700,000.00	Aug-24-04	5.990%	CA - 80.00%	Paid Off - 360	Jan-09-04
17292871 1			212,800.00	211,113.42	Nov-30-04	6.750%	KY - 80.00%	Paid Off - 360	Jan-23-04
17313875 2			272,000.00	268,853.44	Aug-26-04	9.000%	NJ - 85.00%	Paid Off - 360	Jan-26-04
17294091 1			94,000.00	93,431.35	Nov-30-04	8.125%	CO - 79.66%	Paid Off - 360	Jan-21-04
17315516 2			36,050.00	35,935.65	Aug-09-04	9.250%	FL - 70.00%	Paid Off - 360	Jan-30-04
17294760 1			287,200.00	285,184.11	Nov-23-04	7.375%	CA - 80.00%	Paid Off - 360	Jan-20-04
17316530 2			520,000.00	520,000.00	Aug-11-04	7.750%	FL - 80.00%	Paid Off - 360	Jan-30-04
17295213 1			271,000.00	269,233.41	Nov-30-04	7.750%	IN - 100.00%	Paid Off - 360	Jan-21-04
17321472 2			565,680.00	565,679.99	Aug-27-04	5.875%	CA - 80.00%	Paid Off - 360	Jan-28-04
17295692 1			130,400.00	130,400.00	Nov-02-04	5.875%	CA - 80.00%	Paid Off - 360	Jan-15-04
17322009 2			386,300.00	386,300.00	Aug-31-04	5.625%	CA - 80.00%	Paid Off - 360	Jan-27-04
17296260 1			77,000.00	76,956.66	Nov-18-04	7.625%	FL - 100.00%	Paid Off - 360	Jan-20-04
17532532 2			527,900.00	527,900.00	Aug-20-04	5.999%	CA - 80.00%	Paid Off - 360	Feb-13-04
17296682 1			210,800.00	209,047.27	Nov-30-04	6.500%	ID - 80.00%	Paid Off - 360	Jan-16-04
					Page 21 of 27				© COPYRIGHT 2004 Deutsche Bank
17296724 1			191,250.00	189,619.65	Nov-23-04	6.375%	MN - 85.00%	Paid Off - 360	Jan-20-04
17296948 1			97,000.00	96,102.88	Nov-30-04	6.000%	MD - 62.99%	Paid Off - 360	Jan-20-04
17297284 1			204,000.00	202,262.88	Nov-01-04	6.375%	VA - 75.00%	Paid Off - 360	Jan-26-04
17297789 1			225,000.00	223,130.05	Nov-01-04	7.125%	CA - 39.13%	Paid Off - 360	Jan-15-04
17298134 1			138,000.00	136,955.77	Nov-03-04	6.990%	CA - 100.00%	Paid Off - 360	Jan-14-04
17298381 1			114,000.00	113,275.09	Nov-30-04	7.875%	MO - 95.00%	Paid Off - 360	Jan-22-04
17298563 1			172,000.00	170,465.44	Nov-16-04	6.500%	CA - 79.26%	Paid Off - 360	Jan-15-04
17298571 1			176,000.00	174,577.78	Nov-12-04	6.875%	NV - 80.00%	Paid Off - 360	Jan-14-04
					Page 21 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Realized Loss Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
17298886 1			40,000.00	39,348.47	Nov-24-04	6.750%	NE - 72.73%	Paid Off - 360	Jan-22-04
17298928 1			228,000.00	226,582.98	Nov-30-04	7.990%	NY - 100.00%	Paid Off - 360	Jan-27-04
17299488 1			130,950.00	130,950.00	Nov-01-04	6.500%	CA - 79.99%	Paid Off - 360	Jan-21-04
17299900 1			147,250.00	145,959.05	Nov-29-04	7.875%	OR - 95.00%	Paid Off - 360	Jan-21-04
17300658 1			155,750.00	155,750.00	Nov-22-04	5.750%	CA - 79.98%	Paid Off - 360	Jan-08-04
17301151 1			89,600.00	88,614.30	Nov-22-04	5.000%	CA - 80.00%	Paid Off - 360	Jan-12-04
17301979 1			161,500.00	161,500.00	Nov-17-04	6.500%	NJ - 95.00%	Paid Off - 360	Jan-23-04
17302928 1			210,000.00	208,034.87	Nov-09-04	5.875%	CA - 41.18%	Paid Off - 360	Jan-21-04
17303009 1			199,900.00	199,900.00	Nov-17-04	7.990%	CA - 100.00%	Paid Off - 360	Jan-15-04
17303074 1			194,600.00	193,451.94	Nov-30-04	8.250%	KS - 85.00%	Paid Off - 360	Jan-28-04
17303355 1			223,250.00	223,250.00	Nov-10-04	7.750%	CA - 95.00%	Paid Off - 360	Jan-22-04
17303462 1			204,000.00	204,000.00	Nov-30-04	6.375%	CA - 80.00%	Paid Off - 360	Jan-14-04
17303827 1			112,250.00	111,199.53	Nov-30-04	5.875%	SC - 79.98%	Paid Off - 360	Jan-28-04
17303967 1			255,000.00	254,999.00	Nov-24-04	7.375%	CA - 85.00%	Paid Off - 360	Jan-15-04
17304536 1			129,900.00	129,065.37	Nov-30-04	7.875%	MO - 100.00%	Paid Off - 360	Jan-28-04
17306416 1			234,000.00	234,000.00	Nov-01-04	6.375%	CA - 90.00%	Paid Off - 360	Jan-22-04
17306507 1			155,800.00	154,504.52	Nov-30-04	6.500%	NJ - 76.00%	Paid Off - 360	Jan-30-04
17307174 1			99,700.00	99,017.16	Nov-30-04	7.500%	MI - 100.00%	Paid Off - 360	Jan-30-04
17308842 1			279,200.00	279,199.17	Nov-02-04	6.250%	CA - 80.00%	Paid Off - 360	Jan-23-04
17310541 1			188,000.00	187,997.50	Nov-29-04	6.250%	CA - 80.00%	Paid Off - 360	Jan-27-04
17310749 1			164,000.00	164,000.00	Nov-30-04	6.990%	CA - 100.00%	Paid Off - 360	Jan-22-04
17310996 1			220,000.00	219,887.50	Nov-05-04	6.375%	NY - 67.69%	Paid Off - 360	Jan-26-04
17311192 1			319,400.00	317,148.28	Nov-02-04	7.625%	MN - 85.00%	Paid Off - 360	Jan-26-04
17311820 1			124,200.00	124,200.00	Nov-30-04	6.875%	KY - 90.00%	Paid Off - 360	Jan-30-04
17311911 1			134,000.00	134,000.00	Nov-30-04	6.750%	FL - 80.00%	Paid Off - 360	Jan-30-04
17312034 1			140,400.00	139,484.72	Nov-18-04	7.750%	NC - 90.00%	Paid Off - 360	Jan-26-04
17312364 1			100,800.00	99,961.85	Nov-22-04	6.500%	CA - 80.00%	Paid Off - 360	Jan-22-04
17312422 1			243,000.00	243,000.00	Nov-16-04	5.375%	CA - 90.00%	Paid Off - 360	Feb-28-04
17312448 1			108,800.00	108,090.73	Nov-30-04	7.750%	UT - 80.00%	Paid Off - 360	Jan-29-04
17312679 1			71,500.00	70,985.67	Nov-30-04	7.250%	MI - 28.04%	Paid Off - 360	Jan-26-04
17312893 1			328,000.00	328,000.00	Nov-18-04	5.500%	CA - 80.00%	Paid Off - 360	Jan-27-04
17313073 1			139,200.00	139,200.00	Nov-12-04	5.250%	CO - 80.00%	Paid Off - 360	Jan-29-04
17314097 1			324,000.00	324,000.00	Nov-01-04	5.875%	CA - 80.00%	Paid Off - 360	Jan-23-04
17314766 1			230,000.00	230,000.00	Nov-18-04	8.250%	AZ - 100.00%	Paid Off - 360	Jan-29-04
17314956 1			148,000.00	147,035.15	Nov-30-04	7.750%	CA - 80.00%	Paid Off - 360	Jan-21-04
17315292 1			220,500.00	218,484.05	Nov-12-04	5.999%	CA - 79.29%	Paid Off - 360	Jan-26-04
17315433 1			144,000.00	143,084.34	Nov-15-04	7.875%	CA - 61.02%	Paid Off - 360	Jan-23-04
17315482 1			92,800.00	92,800.00	Nov-04-04	5.999%	VA - 80.00%	Paid Off - 360	Jan-30-04
17316548 1			250,000.00	248,370.23	Nov-23-04	7.750%	FL - 100.00%	Paid Off - 360	Jan-26-04
17316555 1			102,400.00	101,766.19	Nov-24-04	8.125%	FL - 80.00%	Paid Off - 360	Jan-30-04
17316977 1			233,650.00	232,034.66	Nov-03-04	7.500%	NC - 100.00%	Paid Off - 360	Jan-30-04
17317140 1			165,000.00	163,950.74	Nov-30-04	7.875%	IL - 100.00%	Paid Off - 360	Jan-26-04
17317546 1			78,000.00	77,476.92	Nov-23-04	7.625%	SC - 100.00%	Paid Off - 360	Jan-30-04
17318197 1			82,000.00	81,478.55	Nov-17-04	7.875%	OH - 86.32%	Paid Off - 360	Jan-26-04
17318452 1			219,950.00	218,284.19	Nov-30-04	6.990%	IN - 99.99%	Paid Off - 360	Dec-30-99
17318692 1			130,700.00	129,587.03	Nov-02-04	6.375%	VA - 100.00%	Paid Off - 360	Jan-30-04
17318742 1			307,500.00	305,445.27	Nov-29-04	7.625%	MA - 75.00%	Paid Off - 360	Jan-30-04
17319120 1			48,000.00	47,611.97	Nov-17-04	7.000%	MD - 80.00%	Paid Off - 360	Jan-30-04
17319609 1			236,400.00	236,399.98	Nov-30-04	8.125%	TX - 100.00%	Paid Off - 360	Jan-30-04
17322850 1			178,200.00	176,918.06	Nov-23-04	7.250%	CO - 90.00%	Paid Off - 360	Jan-28-04
17524240 1			180,000.00	178,826.56	Nov-05-04	7.750%	CA - 87.80%	Paid Off - 360	Jan-27-04
17524430 1			280,000.00	277,873.47	Nov-03-04	6.375%	CA - 80.00%	Paid Off - 360	Jan-27-04
					Page 22 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Prepayment Detail Report for December 27, 2004 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
17525379 1			160,000.00	158,703.23	Nov-16-04	6.000%	CA - 80.00%	Paid Off - 360	Jan-31-04
17526260 1			169,600.00	168,518.84	Nov-29-04	7.250%	FL - 80.00%	Paid Off - 360	Feb-03-04
17527953 1			152,800.00	152,800.00	Nov-15-04	5.990%	CA - 80.00%	Paid Off - 360	Feb-05-04
17528738 1			211,500.00	210,184.47	Nov-10-04	7.375%	CA - 90.00%	Paid Off - 360	Feb-05-04
17528753 1			171,000.00	171,000.00	Nov-24-04	6.375%	CA - 95.00%	Paid Off - 360	Feb-06-04
17529496 1			215,000.00	215,000.00	Nov-08-04	6.125%	CA - 82.69%	Paid Off - 360	Feb-10-04
17529801 1			100,000.00	99,159.16	Nov-24-04	6.000%	OH - 86.96%	Paid Off - 360	Feb-12-04
17531138 1			111,500.00	110,502.36	Nov-02-04	5.500%	IN - 79.99%	Paid Off - 360	Feb-20-04
17532276 1			80,000.00	79,424.32	Nov-30-04	6.625%	WA - 80.00%	Paid Off - 360	Feb-17-04
17533043 1			140,000.00	140,000.00	Nov-30-04	5.990%	CA - 46.72%	Paid Off - 360	Feb-02-04
17533068 1			128,250.00	127,527.42	Nov-04-04	7.875%	NV - 90.96%	Paid Off - 360	Feb-18-04
17533233 1			72,000.00	71,573.65	Nov-01-04	7.625%	WA - 100.00%	Paid Off - 360	Feb-11-04
17533852 1			178,800.00	178,797.33	Nov-03-04	5.875%	CA - 79.99%	Paid Off - 360	Feb-17-04
17535501 1			175,000.00	170,050.29	Nov-23-04	5.875%	CT - 74.85%	Paid Off - 180	Feb-23-04
17246018 2			437,000.00	436,587.74	Nov-08-04	6.375%	CA - 95.00%	Paid Off - 360	May-29-03
17246182 2			362,700.00	359,399.98	Nov-02-04	7.990%	NY - 90.00%	Paid Off - 360	Sep-30-03
17246679 2			155,250.00	154,350.10	Nov-30-04	8.875%	IL - 90.00%	Paid Off - 360	Dec-10-03
17247602 2			332,500.00	332,118.95	Nov-02-04	6.875%	CA - 95.00%	Paid Off - 360	Dec-18-03
17247925 2			307,200.00	307,200.00	Nov-30-04	8.500%	NY - 80.00%	Paid Off - 360	Dec-29-03
17248915 2			79,500.00	79,125.12	Nov-30-04	9.875%	OH - 100.00%	Paid Off - 360	Jan-05-04
17249426 2			350,000.00	347,518.85	Nov-23-04	7.875%	AZ - 78.83%	Paid Off - 360	Dec-29-03
17250093 2			49,500.00	49,240.41	Nov-30-04	9.250%	OH - 90.00%	Paid Off - 360	Jan-06-04
17252784 2			340,000.00	340,000.00	Nov-16-04	5.875%	CA - 80.00%	Paid Off - 360	Jan-05-04
17254046 2			86,500.00	86,014.69	Nov-15-04	8.500%	GA - 100.00%	Paid Off - 360	Jan-08-04
17254335 2			143,000.00	142,197.83	Nov-30-04	8.500%	TN - 100.00%	Paid Off - 360	Jan-07-04
17254665 2			348,800.00	348,772.55	Nov-22-04	6.000%	CA - 79.99%	Paid Off - 360	Dec-31-03
17259458 2			480,000.00	480,000.00	Nov-12-04	5.375%	CA - 80.00%	Paid Off - 360	Dec-30-03
17259615 2			343,200.00	340,479.99	Nov-05-04	6.750%	CA - 80.00%	Paid Off - 360	Dec-30-03
17263146 2			81,000.00	80,557.02	Nov-30-04	8.625%	OK - 90.00%	Paid Off - 360	Jan-12-04
17263567 2			52,200.00	51,921.68	Nov-30-04	8.750%	GA - 60.00%	Paid Off - 360	Jan-14-04
17264896 2			400,000.00	397,698.88	Nov-30-04	8.375%	GA - 100.00%	Paid Off - 360	Jan-13-04
17265661 2			226,000.00	226,000.00	Nov-23-04	9.250%	MD - 100.00%	Paid Off - 360	Jan-13-04
17270299 2			364,000.00	360,175.80	Nov-12-04	5.250%	CA - 80.00%	Paid Off - 360	Jan-06-04
17273137 2			56,250.00	55,902.69	Nov-30-04	9.250%	IN - 90.00%	Paid Off - 360	Jan-08-04
17276759 2			93,000.00	92,596.52	Nov-18-04	9.750%	GA - 74.40%	Paid Off - 360	Jan-12-04
17277385 2			433,700.00	429,545.69	Nov-30-04	5.750%	TX - 80.00%	Paid Off - 360	Jan-16-04
17279027 2			60,000.00	59,501.66	Nov-30-04	6.000%	IN - 80.00%	Paid Off - 360	Jan-13-04
17279365 2			376,000.00	376,000.00	Nov-29-04	6.250%	CA - 80.00%	Paid Off - 360	Jan-12-04
17281775 2			96,000.00	95,572.54	Nov-30-04	9.625%	TN - 80.00%	Paid Off - 360	Jan-20-04
17282781 2			26,700.00	26,561.21	Nov-30-04	8.875%	NY - 79.96%	Paid Off - 360	Jan-21-04
17286154 2			487,500.00	487,129.50	Nov-08-04	6.990%	CA - 75.00%	Paid Off - 360	Jan-15-04
17286295 2			700,000.00	700,000.00	Nov-10-04	5.990%	CA - 80.00%	Paid Off - 360	Jan-13-04
17286733 2			217,000.00	215,837.68	Nov-04-04	8.750%	NM - 81.89%	Paid Off - 360	Jan-16-04
17286824 2			480,750.00	476,752.70	Nov-30-04	6.500%	CA - 90.00%	Paid Off - 360	Dec-29-03
17289182 2			344,850.00	343,707.73	Nov-30-04	5.500%	CA - 79.99%	Paid Off - 360	Jan-16-04
17293689 2			225,000.00	223,769.45	Nov-30-04	8.625%	MA - 84.91%	Paid Off - 360	Jan-20-04
17294208 2			243,950.00	242,581.57	Nov-30-04	8.500%	CT - 85.00%	Paid Off - 360	Jan-21-04
17294984 2			862,500.00	862,500.00	Nov-17-04	6.625%	MI - 75.00%	Paid Off - 360	Jan-26-04
17297029 2			408,500.00	404,207.74	Nov-24-04	5.250%	CA - 78.86%	Paid Off - 360	Jan-15-04
17300245 2			345,900.00	345,900.00	Nov-08-04	6.875%	CA - 100.00%	Paid Off - 360	Jan-21-04
17300823 2			139,000.00	138,296.53	Nov-30-04	8.999%	FL - 100.00%	Paid Off - 360	Jan-23-04
17307083 2			382,000.00	381,839.84	Nov-18-04	6.250%	CA - 87.02%	Paid Off - 360	Jan-22-04
					Page 23 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Prepayment Detail Report for December 27, 2004 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
17307091 2			391,200.00	387,539.24	Nov-30-04	5.875%	CA - 80.00%	Paid Off - 360	Jan-12-04
17310954 2			383,100.00	383,100.00	Nov-22-04	5.125%	CA - 79.99%	Paid Off - 360	Jan-27-04
17312075 2			107,100.00	106,499.22	Nov-30-04	8.500%	IA - 90.00%	Paid Off - 360	Jan-26-04
17312968 2			425,000.00	421,422.93	Nov-30-04	6.875%	NJ - 86.38%	Paid Off - 360	Jan-30-04
17313677 2			450,000.00	450,000.00	Nov-17-04	6.875%	NY - 60.00%	Paid Off - 360	Jan-26-04
17315458 2			380,000.00	379,999.31	Nov-22-04	5.625%	CA - 80.00%	Paid Off - 360	Jan-22-04
17318460 2			169,900.00	168,946.30	Nov-30-04	8.500%	MD - 100.00%	Paid Off - 360	Jan-30-04
17322181 2			141,000.00	140,228.83	Nov-22-04	8.625%	MD - 100.00%	Paid Off - 360	Jan-30-04
17322553 2			34,000.00	33,669.14	Nov-22-04	9.250%	MI - 85.00%	Paid Off - 360	Jan-28-04
17322843 2			150,000.00	149,254.70	Nov-16-04	8.500%	MA - 100.00%	Paid Off - 360	Feb-02-04
17525544 2			240,000.00	238,893.01	Nov-23-04	8.875%	NJ - 100.00%	Paid Off - 360	Feb-05-04
17525759 2			83,000.00	82,587.62	Nov-09-04	8.500%	MN - 51.88%	Paid Off - 360	Feb-02-04
17532227 2			340,000.00	340,000.00	Nov-22-04	5.250%	CA - 80.00%	Paid Off - 360	Feb-18-04
17534603 2			339,950.00	339,950.00	Nov-22-04	6.750%	CA - 89.99%	Paid Off - 360	Feb-18-04
					Page 24 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Cumulative
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Applied Realized Loss Amount Current							0.00
	Applied Realized Loss Amount Aggregate							0.00
	Cumulative Loss Percentage							0.00%
	Group 1						3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 22 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 25 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Realized Loss Report for September 27, 2004 Distribution
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL
	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.00%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%
	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR					0.00%	0.00%	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%
	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
	Group 1
	Group 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 23 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 26 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Realized Loss Report for September 27, 2004 Distribution
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
	Group 1
	Group 2
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
				Page 24 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 27 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Realized Loss Detail Report for September 27, 2004 Distribution
	Realized Loss Detail Report for December 27, 2004 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY							LOAN GROUP
Total Loan Count Current Losses = 0
Total Loan Count Revisions = 0						Loan Group 1 = Group 1
Total Prior Principal Balance = 0.00						Loan Group 2 = Group 2
Total Current Realized Loss Amount = 0.00
Total Revisions Amount = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Current	State &		Prior	Realized		Cumulative
&		Loan	Note	LTV at	Original	Principal	Loss/(Gain)	Realized	Realized
Loan Group		Status	Rate	Origination	Term	Balance	Revisions	Loss/(Gain)	Loss/(Gain)
SPACE INTENTIONALLY LEFT BLANK
					Page 25 of 27				© COPYRIGHT 2004 Deutsche Bank
					Page 28 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Triggers, Adj. Rate Cert. and Miscellaneous Report for September 27, 2004 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 27, 2004 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL
	Has a Stepdown Date occurred?							No
	Has Optional Termination date occurred?							No
	Has Cumulative Loss Trigger Event occurred?							No
	Has Delinquency Trigger Event occurred?							No
	Cumulative Loss Trigger Event calculation
	If Cumulative Loss Percentage > Applicable Percentage
	Cumulative Loss Percentage							0.00%
	Applicable percentage							0.00%
	Delinquency Trigger Event calculation
	The event will happen if (a) equals or exceeds (b)
	(a) The percentage obtained by dividing (x) by (y)							0.4288%
	(x) Three months rolling average of 60+ Day Delinquency							612,~~467~~450,~~321~~366.3457
	(y) Ending pool balance							1,~~525~~408,~~224~~024,~~418~~566.6749
	(b) 42% of prior period Senior Enhancement Percentage							78.8839%
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Basis Risk Carry Forward Amount							0.00
				Page 26 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 29 of 30				© COPYRIGHT 2004 Deutsche Bank
	FFMLT Trust 2004-FF3
	Mortgage Pass-Through Certificates
	Series 2004-FF3
	Other Related Information for September 27, 2004 Distribution
	Other Related Information for December 27, 2004 Distribution
	Other Related Information
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Twelve months Scheduled Payments
	Current month Scheduled Payments							98,~~252~~691,~~498~~267.9545
	1 month prior Scheduled Payments							98,~~359~~891,~~370~~055.6517
	2 months prior Scheduled Payments							9,~~433~~086,~~174~~488.5172
	3 months prior Scheduled Payments							9,~~511~~252,~~408~~498.5295
	4 months prior Scheduled Payments							09,359,370.0065
	5 months prior Scheduled Payments							09,433,174.0051
	6 months prior Scheduled Payments							09,511,408.0052
	7 months prior Scheduled Payments							0.00
	8 months prior Scheduled Payments							0.00
	9 months prior Scheduled Payments							0.00
	10 months prior Scheduled Payments							0.00
	11 months prior Scheduled Payments							0.00
	12 months prior Scheduled Payments							0.00
	Twelve months 60+ days delinquencies
	Current month 60+ days delinquent							911,~~807~~973,~~055~~084.4515
	1 month prior 60+ days delinquent							614,~~085~~283,~~072~~778.7020
	2 months prior 60+ days delinquent							311,~~509~~094,~~835~~237.8836
	3 months prior 60+ days delinquent							79,~~645~~807,~~123~~055.7145
	4 months prior 60+ days delinquent							06,085,072.0070
	5 months prior 60+ days delinquent							03,509,835.0088
	6 months prior 60+ days delinquent							07,645,123.0071
	7 months prior 60+ days delinquent							0.00
	8 months prior 60+ days delinquent							0.00
	9 months prior 60+ days delinquent							0.00
	10 months prior 60+ days delinquent							0.00
	11 months prior 60+ days delinquent							0.00
	12 months prior 60+ days delinquent							0.00
				Page 27 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 30 of 30				© COPYRIGHT 2004 Deutsche Bank

Filing Compare · GS Mortgage Securities Corp. FFMLT Trust 2004-FF3