8-K 1 ffm03fh1_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-FH1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-108195-04 Pooling and Servicing Agreement) (Commission 54-2126388 (State or other File Number) 54-2126387 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-FH1 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-FH1 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-FH1 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-FH1 Trust, relating to the December 26, 2003 distribution. EX-99.1

First Franklin Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 FFM Series: 2003-FH1 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 I-A1 32027NEA5 SEN 1.97500% ~~430~~425,~~975~~060,~~000~~585.0013 ~~709~~699,~~313~~578.0288 3,~~135~~624,~~540~~267.1151 II-A1 32027NEB3 SEN 1.~~27000~~26875% 2119,~~000~~513,~~000~~239.0040 2021,~~743~~318.3389 1819,~~460,100~~695.1886 II-A2 32027NEC1 SEN 1.~~57000~~56875% 19,670,000.00 2426,~~019~~571.2657 0.00 M-1 32027NED9 MEZ 1.~~82000~~81875% 33,502,000.00 4752,~~423~~469.9402 0.00 M-2 32027NEE7 MEZ 2.~~87000~~86875% 32,045,000.00 7179,~~531~~161.5616 0.00 M-3 32027NEF4 MEZ 3.~~27000~~26875% 8,740,000.00 2224,~~228~~600.7398 0.00 M-4 32027NEG2 MEZ 4.~~62000~~61875% 8,740,000.00 3134,~~405~~761.7323 0.00 M-5 32027NEH0 MEZ 5.~~12000~~11875% 10,196,000.00 4044,~~602~~942.7406 0.00 M-6 32027NEJ6 MEZ 5.~~12000~~11875% 7,283,000.00 2932,~~002~~102.5210 0.00 B-1 32027NEK3 SUB 6.00000% 3,496,000.00 17,480.00 0.00 R FFM03FHR1 RES 0.00000% 0.00 0.00 0.00 C FFM03FH1C SEN 0.00000% 6,991,~~582~~664.1819 2,~~515~~449,~~039~~363.0336 0.00 P FFM03FH1P SEN 0.00000% 100.00 056,129.0068 0.00 DIV CERT SEN 0.00000% 0.00 0.00 0.00 Totals ~~582~~575,~~638~~237,~~682~~588.1872 3,~~528~~538,~~789~~478.8693 4,~~595~~443,~~640~~963.2937

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A1 0.00 ~~427~~421,~~839~~436,~~459~~317.8962 34,~~844~~323,~~853~~846.1339 0.00 II-A1 0.00 1918,~~539~~693,~~899~~543.8254 1841,~~480,843~~014.5175 0.00 II-A2 0.00 19,670,000.00 2426,~~019~~571.2657 0.00 M-1 0.00 33,502,000.00 4752,~~423~~469.9402 0.00 M-2 0.00 32,045,000.00 7179,~~531~~161.5616 0.00 M-3 0.00 8,740,000.00 2224,~~228~~600.7398 0.00 M-4 0.00 8,740,000.00 3134,~~405~~761.7323 0.00 M-5 0.00 10,196,000.00 4044,~~602~~942.7406 0.00 M-6 0.00 7,283,000.00 2932,~~002~~102.5210 0.00 B-1 0.00 3,496,000.00 17,480.00 0.00 R 0.00 0.00 0.00 0.00 C 0.00 6,991,664.19 2,~~515~~449,~~039~~363.0336 0.00 P 0.00 100.00 056,129.0068 0.00 DIV CERT 0.00 0.00 0.00 0.00 Totals 0.00 ~~578~~570,~~043~~793,~~123~~625.9035 87,~~124~~982,~~430~~442.1530 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) I-A1 430,975,000.00 ~~430~~425,~~975~~060,~~000~~585.0013 0.00 3,~~135~~624,~~540~~267.1151 0.00 0.00 II-A1 21,000,000.00 2119,~~000~~513,~~000~~239.0040 0.00 1819,~~460,100~~695.1886 0.00 0.00 II-A2 19,670,000.00 19,670,000.00 0.00 0.00 0.00 0.00 M-1 33,502,000.00 33,502,000.00 0.00 0.00 0.00 0.00 M-2 32,045,000.00 32,045,000.00 0.00 0.00 0.00 0.00 M-3 8,740,000.00 8,740,000.00 0.00 0.00 0.00 0.00 M-4 8,740,000.00 8,740,000.00 0.00 0.00 0.00 0.00 M-5 10,196,000.00 10,196,000.00 0.00 0.00 0.00 0.00 M-6 7,283,000.00 7,283,000.00 0.00 0.00 0.00 0.00 B-1 3,496,000.00 3,496,000.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 C 6,991,582.18 6,991,~~582~~664.1819 0.00 0.00 0.00 0.00 P 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 Totals 582,638,682.18 ~~582~~575,~~638~~237,~~682~~588.1872 0.00 4,~~595~~443,~~640~~963.2937 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 I-A1 3,~~135~~624,~~540~~267.1151 ~~427~~421,~~839~~436,~~459~~317.8962 0.~~99272454~~97786720 3,~~135~~624,~~540~~267.1151 II-A1 1819,~~460,100~~695.1886 1918,~~539~~693,~~899~~543.8254 0.~~93047142~~89016874 1819,~~460,100~~695.1886 II-A2 0.00 19,670,000.00 1.00000000 0.00 M-1 0.00 33,502,000.00 1.00000000 0.00 M-2 0.00 32,045,000.00 1.00000000 0.00 M-3 0.00 8,740,000.00 1.00000000 0.00 M-4 0.00 8,740,000.00 1.00000000 0.00 M-5 0.00 10,196,000.00 1.00000000 0.00 M-6 0.00 7,283,000.00 1.00000000 0.00 B-1 0.00 3,496,000.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 C 0.00 6,991,664.19 1.00001173 0.00 P 0.00 100.00 1.00000000 0.00 DIV CERT 0.00 0.00 0.00000000 0.00 Totals 4,~~595~~443,~~640~~963.2937 ~~578~~570,~~043~~793,~~123~~625.9035 0.~~99211251~~97966998 4,~~595~~443,~~640~~963.2937

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A1 430,975,000.00 ~~1000~~986.~~00000000~~27666368 0.00000000 78.~~27545707~~40946113 0.00000000 II-A1 21,000,000.00 ~~1000~~929.~~00000000~~20187619 0.00000000 6939.~~52858000~~03313619 0.00000000 II-A2 19,670,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 33,502,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 32,045,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 8,740,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 8,740,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 10,196,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 7,283,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 3,496,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 C 6,991,582.18 1000.~~00000000~~01172982 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 (2) All Classes are per $1,000 denomonation.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A1 0.00000000 78.~~27545707~~40946113 ~~992~~977.~~72454293~~86720255 0.~~99272454~~97786720 78.~~27545707~~40946113 II-A1 0.00000000 6939.~~52858000~~03313619 ~~930~~890.~~47142000~~16874000 0.~~93047142~~89016874 6939.~~52858000~~03313619 II-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 B-1 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 1,000.01172982 1.00001173 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 I-A1 430,975,000.00 1.97500% ~~430~~425,~~975~~060,~~000~~585.0013 ~~709~~699,~~313~~578.0288 0.00 0.00 II-A1 21,000,000.00 1.~~27000~~26875% 2119,~~000~~513,~~000~~239.0040 2021,~~743~~318.3389 0.00 0.00 II-A2 19,670,000.00 1.~~57000~~56875% 19,670,000.00 2426,~~019~~571.2657 0.00 0.00 M-1 33,502,000.00 1.~~82000~~81875% 33,502,000.00 4752,~~423~~469.9402 0.00 0.00 M-2 32,045,000.00 2.~~87000~~86875% 32,045,000.00 7179,~~531~~161.5616 0.00 0.00 M-3 8,740,000.00 3.~~27000~~26875% 8,740,000.00 2224,~~228~~600.7398 0.00 0.00 M-4 8,740,000.00 4.~~62000~~61875% 8,740,000.00 3134,~~405~~761.7323 0.00 0.00 M-5 10,196,000.00 5.~~12000~~11875% 10,196,000.00 4044,~~602~~942.7406 0.00 0.00 M-6 7,283,000.00 5.~~12000~~11875% 7,283,000.00 2932,~~002~~102.5210 0.00 0.00 B-1 3,496,000.00 6.00000% 3,496,000.00 17,480.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 C 6,991,582.18 0.00000% 6,991,~~582~~664.1819 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 582,638,682.18 1,~~013~~032,~~750~~985.8389 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 I-A1 0.00 0.00 ~~709~~699,~~313~~578.0288 0.00 ~~427~~421,~~839~~436,~~459~~317.8962 II-A1 0.00 0.00 2021,~~743~~318.3389 0.00 1918,~~539~~693,~~899~~543.8254 II-A2 0.00 0.00 2426,~~019~~571.2657 0.00 19,670,000.00 M-1 0.00 0.00 4752,~~423~~469.9402 0.00 33,502,000.00 M-2 0.00 0.00 7179,~~531~~161.5616 0.00 32,045,000.00 M-3 0.00 0.00 2224,~~228~~600.7398 0.00 8,740,000.00 M-4 0.00 0.00 3134,~~405~~761.7323 0.00 8,740,000.00 M-5 0.00 0.00 4044,~~602~~942.7406 0.00 10,196,000.00 M-6 0.00 0.00 2932,~~002~~102.5210 0.00 7,283,000.00 B-1 0.00 0.00 17,480.00 0.00 3,496,000.00 R 0.00 0.00 0.00 0.00 0.00 C 0.00 0.00 2,~~515~~449,~~039~~363.0336 0.00 6,991,664.19 P 0.00 0.00 056,129.0068 0.00 100.00 DIV CERT 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 3,~~528~~538,~~789~~478.8693 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 I-A1 430,975,000.00 1.97500% ~~1000~~986.~~00000000~~27666368 1.~~64583333~~62324701 0.00000000 0.00000000 II-A1 21,000,000.00 1.~~27000~~26875% ~~1000~~929.~~00000000~~20187619 01.~~98777762~~01518524 0.00000000 0.00000000 II-A2 19,670,000.00 1.~~57000~~56875% 1000.00000000 1.~~22111134~~35086782 0.00000000 0.00000000 M-1 33,502,000.00 1.~~82000~~81875% 1000.00000000 1.~~41555549~~56614590 0.00000000 0.00000000 M-2 32,045,000.00 2.~~87000~~86875% 1000.00000000 2.~~23222219~~47031237 0.00000000 0.00000000 M-3 8,740,000.00 3.~~27000~~26875% 1000.00000000 2.~~54333295~~81475744 0.00000000 0.00000000 M-4 8,740,000.00 4.~~62000~~61875% 1000.00000000 3.~~59333295~~97725744 0.00000000 0.00000000 M-5 10,196,000.00 5.~~12000~~11875% 1000.00000000 34.~~98222244~~40781287 0.00000000 0.00000000 M-6 7,283,000.00 5.~~12000~~11875% 1000.00000000 34.~~98222161~~40781271 0.00000000 0.00000000 B-1 3,496,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 6,991,582.18 0.00000% 1000.~~00000000~~01172982 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 (5) All Classes are per $1,000 denomiantion.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A1 0.00000000 0.00000000 1.~~64583333~~62324701 0.00000000 ~~992~~977.~~72454293~~86720255 II-A1 0.00000000 0.00000000 01.~~98777762~~01518524 0.00000000 ~~930~~890.~~47142000~~16874000 II-A2 0.00000000 0.00000000 1.~~22111134~~35086782 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.~~41555549~~56614590 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~23222219~~47031237 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~54333295~~81475744 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~59333295~~97725744 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 34.~~98222244~~40781287 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 34.~~98222161~~40781271 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 ~~359~~350.~~72387440~~33033968 0.00000000 1000.01172982 P 0.00000000 0.00000000 0561296.~~00000000~~80000000 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 8,~~371~~169,~~080~~829.5088 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 056,129.0068 Total Deposits 8,~~371~~225,~~080~~959.5056 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~246~~243,~~650~~517.3526 Payment of Interest and Principal 87,~~124~~982,~~430~~442.1530 Total Withdrawals (Pool Distribution Amount) 8,~~371~~225,~~080~~959.5056 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~242~~239,~~766~~682.0829 Trustee Fee 3,~~884~~834.2797 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~246~~243,~~650~~517.3526

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 714 0 0 714 ~~908~~1,~~486~~961,797.8365 0.00 0.00 ~~908~~1,~~486~~961,797.8365 30 Days 8736 1 0 0 8837 126,~~304~~021,~~354~~626.5743 74125,~~096~~174.7225 0.00 0.00 126,~~378~~146,~~451~~800.2968 60 Days 2530 02 0 0 2532 43,~~129~~659,~~443~~264.0254 0280,096.0022 0.00 0.00 43,~~129~~939,~~443~~360.0276 90 Days 717 0 0 0 717 12,~~063~~707,~~531~~295.7626 0.00 0.00 0.00 12,~~063~~707,~~531~~295.7626 120 Days 10 0 0 0 10 ~~105,892~~0.5200 0.00 0.00 0.00 ~~105,892~~0.5200 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 ~~120~~83 817 0 0 ~~128~~100 1712,~~603~~388,~~221~~186.8723 ~~982~~2,~~583~~367,068.5512 0.00 0.00 1814,~~585~~755,~~805~~254.4235 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.~~166271~~335570% 0.000000% 0.000000% 0.~~166271~~335570% 0.~~157166~~343696% 0.000000% 0.000000% 0.~~157166~~343696% 30 Days 20.~~066508~~862895% 0.~~023753~~023969% 0.000000% 0.000000% 20.~~090261~~886865% 21.~~128622~~054957% 0.~~012819~~021930% 0.000000% 0.000000% 21.~~141441~~076887% 60 Days 0.~~593824~~719080% 0.~~000000~~047939% 0.000000% 0.000000% 0.~~593824~~767018% 0.~~714383~~641084% 0.~~000000~~049071% 0.000000% 0.000000% 0.~~714383~~690155% 90 Days 0.~~166271~~407478% 0.000000% 0.000000% 0.000000% 0.~~166271~~407478% 0.~~183988~~474304% 0.000000% 0.000000% 0.000000% 0.~~183988~~474304% 120 Days 0.~~023753~~000000% 0.000000% 0.000000% 0.000000% 0.~~023753~~000000% 0.~~018319~~000000% 0.000000% 0.000000% 0.000000% 0.~~018319~~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 21.~~850356~~989453% 0.~~190024~~407478% 0.000000% 0.000000% 32.~~040380~~396932% 32.~~045313~~170344% 0.~~169984~~414698% 0.000000% 0.000000% 32.~~215297~~585042%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~780061~~775340% Weighted Average Net Coupon 7.~~280061~~275341% Weighted Average Pass-Through Rate 7.~~272061~~267340% Weighted Average Maturity(Stepdown Calculation ) ~~355~~353 Beginning Scheduled Collateral Loan Count 4,~~233~~194 Number Of Loans Paid In Full 2322 Ending Scheduled Collateral Loan Count 4,~~210~~172 Beginning Scheduled Collateral Balance ~~582~~575,~~638~~237,~~682~~588.1871 Ending Scheduled Collateral Balance ~~578~~570,~~043~~793,~~123~~625.8934 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~578~~570,~~043~~793,~~123~~625.8934 Monthly P &I Constant 4,~~125~~076,~~947~~958.5831 Special Servicing Fee 0.00 Prepayment Penalties 056,129.0068 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~578~~570,~~043~~793,~~123~~625.8934 Scheduled Principal ~~348~~349,~~477~~734.1591 Unscheduled Principal 4,~~247~~094,~~081~~228.1446

Miscellaneous Reporting Credit Enhancement Percentage 19.~~0502~~05017% Class B-1 PT rate next dist. date 6.00000% Class I-A1 PT rate next dist. date 1.97500% Class II-A1 PT rate next dist. date 1.~~27000~~29125% Class II-A2 PT rate next dist. date 1.~~57000~~59125% Class M-1 PT rate next dist. date 1.~~82000~~84125% Class M-2 PT rate next dist. date 2.~~87000~~89125% Class M-3 PT rate next dist. date 3.~~27000~~29125% Class M-4 PT rate next dist. date 4.~~62000~~64125% Class M-5 PT rate next dist. date 5.~~12000~~14125% Class M-6 PT rate next dist. date 5.~~12000~~14125% Net WAC Rate 7.~~272061~~27533951% Overcollateralization Amount 6,991,~~582~~664.1819 Overcollateralization Deficiency Amount 820.0100 Overcollateralization Increase Amount 820.0100 Overcollateralization Reduction Amount 0.00 Overcollateralization Target Amount 6,991,664.19 Specified Overcollateralization Amount 6,991,664.19 Step Down NO Trigger Event NO Excess Cash 2,~~515~~449,~~203~~362.0483 Soldier/Sailor Interest Shortfall 0.00

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 8.~~063094~~054021 7.~~765059~~763115 7.~~736927~~736890 Weighted Average Net Rate 7.~~563094~~554021 7.~~265059~~263115 7.~~236927~~236889 Weighted Average Maturity ~~355~~353 ~~355~~353 ~~356~~354 Beginning Loan Count ~~646~~641 3,~~457~~427 11 Loans Paid In Full 34 16 01 Ending Loan Count ~~643~~637 3,~~441~~411 1110 Beginning Scheduled Balance 7776,~~447~~604,~~704~~990.2409 ~~454~~449,~~949~~878,~~797~~153.9922 4,~~390~~383,~~948~~706.0198 Ending scheduled Balance 76,~~859~~009,~~254~~139.2151 ~~452~~446,~~402~~849,~~763~~736.8629 43,~~386~~953,~~951~~798.6489 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~577~~571,~~661~~801.0950 3,~~213~~181,~~911~~151.3970 31,~~528~~227.8934 Scheduled Principal 57,~~270~~653.9900 ~~269~~270,~~984~~771.8675 32,~~218~~963.5279 Unscheduled Principal ~~531~~538,~~179~~197.0458 2,~~277~~757,~~049~~645.2718 ~~777~~426,944.8530 Scheduled Interest ~~520~~514,~~390~~148.1050 2,~~943~~910,~~926~~379.5395 28,~~310~~263.3755 Servicing Fees 3231,~~269~~918.8674 ~~189~~187,~~562~~449.4020 1,~~829~~826.5655 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~516~~510.3172 32,~~033~~999.0121 29.2722 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 ~~487~~481,~~603~~719.9304 2,~~751~~719,~~331~~931.1254 26,~~451~~407.5478 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.~~555094~~546021 7.~~257059~~255115 7.~~228927~~228890

Group Level Collateral Statement Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~454970~~421956 7.~~780061~~775340 Weighted Average Net Rate 6.~~954970~~921956 7.~~280061~~275341 Weighted Average Maturity ~~356~~354 ~~355~~353 Beginning Loan Count ~~119~~115 4,~~233~~194 Loans Paid In Full 41 2322 Ending Loan Count ~~115~~114 4,~~210~~172 Beginning Scheduled Balance 4544,~~850~~370,~~231~~738.9442 ~~582~~575,~~638~~237,~~682~~588.1871 Ending scheduled Balance 4443,~~394~~980,~~154~~950.1865 ~~578~~570,~~043~~793,~~123~~625.8934 Record Date 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~302~~292,~~846~~777.2177 4,~~125~~076,~~947~~958.5831 Scheduled Principal 18,~~002~~346.7837 ~~348~~349,~~477~~734.1591 Unscheduled Principal 1371,~~438,074~~441.9840 4,~~247~~094,~~081~~228.1446 Scheduled Interest ~~284~~274,~~843~~431.4340 3,~~777~~727,~~470~~223.4340 Servicing Fees 1918,~~104~~487.2680 ~~242~~239,~~766~~682.0829 Master Servicing Fees 0.00 0.00 Trustee Fee ~~305~~295.6882 3,~~884~~834.2797 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 ~~265~~255,~~433~~647.4978 3,~~530~~483,~~820~~706.0814 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 6.~~946970~~913956 7.~~272061~~267340

Filing Compare · FIRST FRANKLIN ASSET BACKED CERTS SERIES 2003 FFH1