8-K 1 ffm03ff4_dec.txt DECEMBER 8K 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): December 26, 2003 FIRST FRANKLIN MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2003-FF4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-108195-02 Pooling and Servicing Agreement) (Commission 54-2126385 (State or other File Number) 54-2126386 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On December 26, 2003 a distribution was made to holders of FIRST FRANKLIN MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2003-FF4 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-FF4 Trust, relating to the December 26, 2003 distribution. 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. FIRST FRANKLIN MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2003-FF4 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/31/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-FF4 Trust, relating to the December 26, 2003 distribution. EX-99.1

First Franklin Mortgage Loan Trust ~~Asset~~Mortgage ~~Backed~~Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 FFM Series: 2003-FF4 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 32027NDQ1 SEN 2.16500% ~~604~~596,~~381~~092,~~000~~807.0098 1,~~090~~075,~~404~~450.0577 34,~~769~~980,~~255~~507.4070 A-2 32027NDR9 SEN 2.02000% ~~100~~98,~~000~~628,~~000~~647.0082 ~~168~~166,~~333~~024.3389 ~~623~~824,~~655~~067.5155 A-3 32027NDS7 SEN 2.20000% ~~100~~97,~~000~~958,~~000~~645.0093 ~~183~~179,~~333~~590.3385 1,~~578~~065,~~012~~224.0193 A-4 32027NDT5 SEN 2.02000% ~~238~~233,~~738~~864,~~000~~512.0011 ~~401~~393,~~875~~671.6393 32,~~767~~543,~~314~~096.3269 M-1 32027NDU2 MEZ 2.58500% 56,900,000.00 122,572.08 0.00 M-2 32027NDV0 MEZ 2.~~77000~~76875% 45,000,000.00 ~~110~~107,~~800~~289.0006 0.00 M-3 32027NDW8 MEZ 3.~~02000~~01875% 15,000,000.00 4038,~~266~~992.6719 0.00 M-4 32027NDX6 MEZ 4.~~02000~~01875% 12,000,000.00 4241,~~880~~527.0008 0.00 M-5 32027NDY4 MEZ 4.~~92000~~91875% 12,000,000.00 5250,~~480~~827.0008 0.00 M-6 32027NDZ1 MEZ 4.~~92000~~91875% 9,000,000.00 3938,~~360~~120.0031 0.00 R FFM3FF4R1 SEN 0.00000% 0.00 0.00 0.00 C FFM03FF4C SEN 0.00000% 5,~~967~~994,~~682~~933.4591 3,~~883~~855,~~306~~814.5199 0.00 P FFM03FF4P SEN 0.00000% 100.00 88155,~~987~~888.5059 0.00 DIV CERT SEN 0.00000% 0.00 0.00 0.00 Totals 1,~~198~~182,~~986~~439,~~782~~647.4575 6,~~224~~225,~~599~~769.1082 9,~~738~~412,~~237~~896.2487

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~600~~591,~~611~~112,~~744~~300.6028 46,~~859~~055,~~659~~958.4547 0.00 A-2 0.00 9997,~~376~~804,~~344~~580.4927 ~~791~~990,~~988~~092.8444 0.00 A-3 0.00 9896,~~421~~893,~~987~~421.9900 1,~~761~~244,~~345~~815.3478 0.00 A-4 0.00 ~~234~~231,~~970~~321,~~685~~415.6842 42,~~169~~936,~~189~~768.9562 0.00 M-1 0.00 56,900,000.00 122,572.08 0.00 M-2 0.00 45,000,000.00 ~~110~~107,~~800~~289.0006 0.00 M-3 0.00 15,000,000.00 4038,~~266~~992.6719 0.00 M-4 0.00 12,000,000.00 4241,~~880~~527.0008 0.00 M-5 0.00 12,000,000.00 5250,~~480~~827.0008 0.00 M-6 0.00 9,000,000.00 3938,~~360~~120.0031 0.00 R 0.00 0.00 0.00 0.00 C 0.00 5,994,933.91 3,~~883~~855,~~306~~814.5199 0.00 P 0.00 100.00 88155,~~987~~888.5059 0.00 DIV CERT 0.00 0.00 0.00 0.00 Totals 0.00 1,~~189~~173,~~275~~026,~~796~~750.6788 15,~~962~~638,~~836~~666.3469 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 604,381,000.00 ~~604~~596,~~381~~092,~~000~~807.0098 0.00 34,~~769~~980,~~255~~507.4070 0.00 0.00 A-2 100,000,000.00 ~~100~~98,~~000~~628,~~000~~647.0082 0.00 ~~623~~824,~~655~~067.5155 0.00 0.00 A-3 100,000,000.00 ~~100~~97,~~000~~958,~~000~~645.0093 0.00 1,~~578~~065,~~012~~224.0193 0.00 0.00 A-4 238,738,000.00 ~~238~~233,~~738~~864,~~000~~512.0011 0.00 32,~~767~~543,~~314~~096.3269 0.00 0.00 M-1 56,900,000.00 56,900,000.00 0.00 0.00 0.00 0.00 M-2 45,000,000.00 45,000,000.00 0.00 0.00 0.00 0.00 M-3 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00 M-4 12,000,000.00 12,000,000.00 0.00 0.00 0.00 0.00 M-5 12,000,000.00 12,000,000.00 0.00 0.00 0.00 0.00 M-6 9,000,000.00 9,000,000.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 C 5,967,682.45 5,~~967~~994,~~682~~933.4591 0.00 0.00 0.00 0.00 5,967,682.45 5,~~967~~994,~~682~~933.4591 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 100.00 100.00 0.00 0.00 0.00 0.00 DIV CERT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,204,954,564.90 1,~~204~~188,~~954~~434,~~564~~681.9066 0.00 9,~~738~~412,~~237~~896.2487 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 34,~~769~~980,~~255~~507.4070 ~~600~~591,~~611~~112,~~744~~300.6028 0.~~99376344~~97804580 34,~~769~~980,~~255~~507.4070 A-2 ~~623~~824,~~655~~067.5155 9997,~~376~~804,~~344~~580.4927 0.~~99376344~~97804580 ~~623~~824,~~655~~067.5155 A-3 1,~~578~~065,~~012~~224.0193 9896,~~421~~893,~~987~~421.9900 0.~~98421988~~96893421 1,~~578~~065,~~012~~224.0193 A-4 32,~~767~~543,~~314~~096.3269 ~~234~~231,~~970~~321,~~685~~415.6842 0.~~98421988~~96893421 32,~~767~~543,~~314~~096.3269 M-1 0.00 56,900,000.00 1.00000000 0.00 M-2 0.00 45,000,000.00 1.00000000 0.00 M-3 0.00 15,000,000.00 1.00000000 0.00 M-4 0.00 12,000,000.00 1.00000000 0.00 M-5 0.00 12,000,000.00 1.00000000 0.00 M-6 0.00 9,000,000.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 C 0.00 5,994,933.91 1.00456651 0.00 C 0.00 5,994,933.91 1.00456651 0.00 P 0.00 100.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 DIV CERT 0.00 0.00 0.00000000 0.00 DIV CERT 0.00 0.00 0.00000000 0.00 Totals 9,~~738~~412,~~237~~896.2487 1,~~195~~179,~~270~~021,~~830~~784.5879 0.~~99196340~~97847821 9,~~738~~412,~~237~~896.2487

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 604,381,000.00 ~~1000~~986.~~00000000~~28647820 0.00000000 68.~~23655509~~24067550 0.00000000 A-2 100,000,000.00 ~~1000~~986.~~00000000~~28647820 0.00000000 68.~~23655510~~24067550 0.00000000 A-3 100,000,000.00 ~~1000~~979.~~00000000~~58645930 0.00000000 1510.~~78012010~~65224930 0.00000000 A-4 238,738,000.00 ~~1000~~979.~~00000000~~58645926 0.00000000 1510.~~78012013~~65224929 0.00000000 M-1 56,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 45,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 9,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 C 5,967,682.45 ~~1000~~1004.~~00000000~~56650638 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 DIV CERT 0.00 0.00000000 0.00000000 0.00000000 0.00000000 All classes are per $1,000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 68.~~23655509~~24067550 ~~993~~978.~~76344491~~04580270 0.~~99376344~~97804580 68.~~23655509~~24067550 A-2 0.00000000 68.~~23655510~~24067550 ~~993~~978.~~76344490~~04580270 0.~~99376344~~97804580 68.~~23655510~~24067550 A-3 0.00000000 1510.~~78012010~~65224930 ~~984~~968.~~21987990~~93421000 0.~~98421988~~96893421 1510.~~78012010~~65224930 A-4 0.00000000 1510.~~78012013~~65224929 ~~984~~968.~~21987987~~93420997 0.~~98421988~~96893421 1510.~~78012013~~65224929 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 1,004.56650638 1.00456651 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 DIV CERT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 604,381,000.00 2.16500% ~~604~~596,~~381~~092,~~000~~807.0098 1,~~090~~075,~~404~~450.0577 0.00 0.00 A-2 100,000,000.00 2.02000% ~~100~~98,~~000~~628,~~000~~647.0082 ~~168~~166,~~333~~024.3389 0.00 0.00 A-3 100,000,000.00 2.20000% ~~100~~97,~~000~~958,~~000~~645.0093 ~~183~~179,~~333~~590.3385 0.00 0.00 A-4 238,738,000.00 2.02000% ~~238~~233,~~738~~864,~~000~~512.0011 ~~401~~393,~~875~~671.6393 0.00 0.00 M-1 56,900,000.00 2.58500% 56,900,000.00 122,572.08 0.00 0.00 M-2 45,000,000.00 2.~~77000~~76875% 45,000,000.00 ~~110~~107,~~800~~289.0006 0.00 0.00 M-3 15,000,000.00 3.~~02000~~01875% 15,000,000.00 4038,~~266~~992.6719 0.00 0.00 M-4 12,000,000.00 4.~~02000~~01875% 12,000,000.00 4241,~~880~~527.0008 0.00 0.00 M-5 12,000,000.00 4.~~92000~~91875% 12,000,000.00 5250,~~480~~827.0008 0.00 0.00 M-6 9,000,000.00 4.~~92000~~91875% 9,000,000.00 3938,~~360~~120.0031 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 C 5,967,682.45 0.00000% 5,~~967~~994,~~682~~933.4591 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 DIV CERT 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,198,986,782.45 2,~~252~~214,~~305~~066.0924 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 1,~~090~~075,~~404~~450.0577 0.00 ~~600~~591,~~611~~112,~~744~~300.6028 A-2 0.00 0.00 ~~168~~166,~~333~~024.3389 0.00 9997,~~376~~804,~~344~~580.4927 A-3 0.00 0.00 ~~183~~179,~~333~~590.3385 0.00 9896,~~421~~893,~~987~~421.9900 A-4 0.00 0.00 ~~401~~393,~~875~~671.6393 0.00 ~~234~~231,~~970~~321,~~685~~415.6842 M-1 0.00 0.00 122,572.08 0.00 56,900,000.00 M-2 0.00 0.00 ~~110~~107,~~800~~289.0006 0.00 45,000,000.00 M-3 0.00 0.00 4038,~~266~~992.6719 0.00 15,000,000.00 M-4 0.00 0.00 4241,~~880~~527.0008 0.00 12,000,000.00 M-5 0.00 0.00 5250,~~480~~827.0008 0.00 12,000,000.00 M-6 0.00 0.00 3938,~~360~~120.0031 0.00 9,000,000.00 R 0.00 0.00 0.00 0.00 0.00 C 0.00 0.00 3,~~883~~855,~~306~~814.5199 0.00 5,994,933.91 P 0.00 0.00 88155,~~987~~888.5059 0.00 100.00 DIV CERT 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,~~224~~225,~~599~~769.1082 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 604,381,000.00 2.16500% ~~1000~~986.~~00000000~~28647820 1.~~80416666~~77942518 0.00000000 0.00000000 A-2 100,000,000.00 2.02000% ~~1000~~986.~~00000000~~28647820 1.~~68333330~~66024890 0.00000000 0.00000000 A-3 100,000,000.00 2.20000% ~~1000~~979.~~00000000~~58645930 1.~~83333330~~79590850 0.00000000 0.00000000 A-4 238,738,000.00 2.02000% ~~1000~~979.~~00000000~~58645926 1.~~68333332~~64897055 0.00000000 0.00000000 M-1 56,900,000.00 2.58500% 1000.00000000 2.15416661 0.00000000 0.00000000 M-2 45,000,000.00 2.~~77000~~76875% 1000.00000000 2.~~46222222~~38420133 0.00000000 0.00000000 M-3 15,000,000.00 3.~~02000~~01875% 1000.00000000 2.~~68444467~~59947933 0.00000000 0.00000000 M-4 12,000,000.00 4.~~02000~~01875% 1000.00000000 3.~~57333333~~46059000 0.00000000 0.00000000 M-5 12,000,000.00 4.~~92000~~91875% 1000.00000000 4.~~37333333~~23559000 0.00000000 0.00000000 M-6 9,000,000.00 4.~~92000~~91875% 1000.00000000 4.~~37333333~~23559000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 5,967,682.45 0.00000% ~~1000~~1004.~~00000000~~56650638 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 DIV CERT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 All classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 1.~~80416666~~77942518 0.00000000 ~~993~~978.~~76344491~~04580270 A-2 0.00000000 0.00000000 1.~~68333330~~66024890 0.00000000 ~~993~~978.~~76344490~~04580270 A-3 0.00000000 0.00000000 1.~~83333330~~79590850 0.00000000 ~~984~~968.~~21987990~~93421000 A-4 0.00000000 0.00000000 1.~~68333332~~64897055 0.00000000 ~~984~~968.~~21987987~~93420997 M-1 0.00000000 0.00000000 2.15416661 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~46222222~~38420133 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~68444467~~59947933 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~57333333~~46059000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 4.~~37333333~~23559000 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.~~37333333~~23559000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 ~~650~~646.~~72271230~~11597924 0.00000000 1004.56650638 P 0.00000000 0.00000000 ~~889875~~1558885.~~00000000~~90000000 0.00000000 1000.00000000 DIV CERT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1615,~~378~~980,~~422~~388.5217 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 88155,~~987~~888.5059 Total Deposits 16,~~467~~136,~~410~~276.0276 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~504~~497,~~573~~610.6807 Payment of Interest and Principal 15,~~962~~638,~~836~~666.3469 Total Withdrawals (Pool Distribution Amount) 16,~~467~~136,~~410~~276.0276 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~499~~492,~~577~~683.8825 Trustee Fee 4,~~995~~926.8082 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~504~~497,~~573~~610.6807

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 07 0 0 07 01,684,608.0038 0.00 0.00 01,684,608.0038 30 Days 2547 01 0 0 2548 47,~~960~~718,~~768~~901.4241 066,323.0032 0.00 0.00 47,~~960~~785,~~768~~224.4273 60 Days 219 0 0 0 219 ~~448~~3,~~000~~538,653.0088 0.00 0.00 0.00 ~~448~~3,~~000~~538,653.0088 90 Days 04 0 09 0 013 01,143,333.0065 0.00 02,242,201.0067 0.00 03,385,535.0032 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2770 08 09 0 2787 512,~~408~~400,~~768~~888.4294 01,750,931.0070 02,242,201.0067 0.00 516,~~408~~394,~~768~~022.4231 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~000000~~121549% 0.000000% 0.000000% 0.~~000000~~121549% 0.~~000000~~143612% 0.000000% 0.000000% 0.~~000000~~143612% 30 Days 0.~~428743~~816114% 0.~~000000~~017364% 0.000000% 0.000000% 0.~~428743~~833478% 0.~~417125~~658033% 0.~~000000~~005654% 0.000000% 0.000000% 0.~~417125~~663687% 60 Days 0.~~034299~~329918% 0.000000% 0.000000% 0.000000% 0.~~034299~~329918% 0.~~037670~~301669% 0.000000% 0.000000% 0.000000% 0.~~037670~~301669% 90 Days 0.~~000000~~069457% 0.000000% 0.~~000000~~156277% 0.000000% 0.~~000000~~225734% 0.~~000000~~097469% 0.000000% 0.~~000000~~191147% 0.000000% 0.~~000000~~288615% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~463042~~215489% 0.~~000000~~138913% 0.~~000000~~156277% 0.000000% 01.~~463042~~510679% 01.~~454795~~057170% 0.~~000000~~149266% 0.~~000000~~191147% 0.000000% 01.~~454795~~397583%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3986,~~083~~869.0882

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~676178~~668237% Weighted Average Net Coupon 6.~~176178~~168237% Weighted Average Pass-Through Rate 6.~~171178~~163237% Weighted Average Maturity(Stepdown Calculation ) ~~355~~353 Beginning Scheduled Collateral Loan Count 5,~~867~~800 Number Of Loans Paid In Full 3641 Ending Scheduled Collateral Loan Count 5,~~831~~759 Beginning Scheduled Collateral Balance 1,~~198~~182,~~986~~439,~~782~~647.4575 Ending Scheduled Collateral Balance 1,~~189~~173,~~275~~026,~~796~~750.6788 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 1,~~189~~173,~~275~~026,~~796~~750.6788 Monthly P &I Constant 76,~~021~~919,~~246~~374.0320 Special Servicing Fee 0.00 Prepayment Penalties 88155,~~987~~888.5059 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,~~189~~173,~~275~~026,~~796~~750.6788 Scheduled Principal ~~350~~348,~~704~~717.5947 Unscheduled Principal 9,~~360~~064,~~281~~179.1940

Miscellaneous Reporting ~~Credit~~Target ~~Enhancement~~Overcollaterlization ~~Percentage~~Amount 5,994,933.91 Overcollateralized Increase Amount 0.~~130000%~~00 ~~Extra~~Overcollateralized ~~Principal~~Reduction Amount ~~27,251~~0.4600 Overcollateralization Amount 5,994,933.91 Specified Overcollateralized ~~Deficiency~~ Amount 275,~~251~~994,933.4691 Overcollateralized ~~Increase~~Deficiency Amount ~~27,251~~0.4600 ~~Overcollateralized~~Extra ~~Reduction~~Principal Amount 0.00 ~~Target~~Excess ~~Overcollaterlization~~Cash ~~Amount 5~~3,~~994~~855,~~933~~814.9199 ~~Specified~~Credit ~~Overcollateralized~~Enhancement ~~Amount~~Percentage ~~5,994,933~~13.9118418 Step Down Date in Effect Do ~~not~~Not Stepdown Trigger Event Not Triggered Cap Payment Amount 0.00 Dividend Account ~~Withdrawal~~Deposit 03,157.0025 Dividend Account ~~Deposit~~Withdrawal ~~3,104~~0.7700 Beginning Dividend Acct Balance 06,375.0016 Ending Dividend Acct Balance 39,~~104~~532.7741 ~~Excess~~Soldier/Sailor ~~Cash~~Interest ~~3,910,557~~Shortfall 0.9700

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~727848~~711983 6.~~768921~~760880 6.~~905537~~905630 Weighted Average Net Rate 7.~~227848~~211983 6.~~268921~~260880 6.~~405536~~405629 Weighted Average Maturity ~~355~~353 ~~355~~353 ~~356~~354 Beginning Loan Count ~~515~~506 4,~~488~~442 61 Loans Paid In Full 78 2025 0 Ending Loan Count ~~508~~498 4,~~468~~417 61 Beginning Scheduled Balance 6160,~~329~~415,~~117~~171.6430 ~~748~~739,~~303~~570,~~823~~519.8813 31,~~332~~271,~~949~~255.0376 Ending scheduled Balance 6059,~~805~~128,~~729~~481.2755 ~~744~~735,~~446~~052,~~594~~633.4563 31,~~302~~239,~~288~~124.0647 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~450~~444,~~568~~225.0175 4,~~417~~362,~~731~~636.5716 208,381.38 Scheduled Principal 55,~~616~~958.2643 ~~196~~195,~~723~~846.5846 28,~~072~~424.3695 Unscheduled Principal ~~467~~1,~~772~~230,731.1132 34,~~660~~322,~~505~~039.8504 23,~~588~~706.6134 Scheduled Interest ~~394~~388,~~951~~267.7532 4,~~221~~166,~~007~~789.9970 ~~180~~179,~~309~~956.0243 Servicing Fees 25,~~553~~173.8101 ~~311~~308,~~793~~154.2941 13,~~055~~029.4070 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~255~~251.5474 3,~~117~~081.9553 130.5630 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~369~~362,~~142~~842.4057 3,~~906~~855,~~096~~553.7576 ~~167~~166,~~123~~796.0643 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.~~222848~~206983 6.~~263921~~255880 6.~~400537~~400630

Group Level Collateral Statement Group Group 4 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~282112~~272439 6.~~676178~~668237 Weighted Average Net Rate 5.~~782112~~772439 6.~~176178~~168237 Weighted Average Maturity ~~356~~354 ~~355~~353 Beginning Loan Count ~~803~~791 5,~~867~~800 Loans Paid In Full 98 3641 Ending Loan Count ~~794~~783 5,~~831~~759 Beginning Scheduled Balance ~~358~~351,~~020~~182,~~891~~701.9056 1,~~198~~182,~~986~~439,~~782~~647.4575 Ending scheduled Balance ~~352~~347,~~721~~606,~~184~~511.8923 1,~~189~~173,~~275~~026,~~796~~750.6788 Record Date 0911/30/2003 0911/30/2003 Principal And Interest Constant 1,~~944~~904,~~565~~130.0791 76,~~021~~919,~~246~~374.0320 Scheduled Principal 7068,~~292~~487.3963 ~~350~~348,~~704~~717.5947 Unscheduled Principal 53,~~229~~507,~~414~~702.6270 9,~~360~~064,~~281~~179.1940 Scheduled Interest 1,~~874~~835,~~272~~643.6828 6,~~670~~570,~~541~~656.4473 Servicing Fees ~~149~~146,~~175~~326.3813 ~~499~~492,~~577~~683.8825 Master Servicing Fees 0.00 0.00 Trustee Fee 1,~~491~~463.7525 4,~~995~~926.8082 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 1,~~723~~687,~~605~~853.5590 6,~~165~~073,~~967~~046.7666 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.~~777112~~767439 6.~~171178~~163237

Filing Compare · FIRST FRANKLIN MORTGAGE LOAN TRUST 2003-FF4