8-K 1 ffm04ff4_nov.txt NOVEMBER 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): November 26, 2004 FIRST FRANKLIN MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-FF4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-108395-03 54-2155129 Pooling and Servicing Agreement) (Commission 54-2155130 (State or other File Number) 54-6621652 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, 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) 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 under the Exchange Act (17 CFR 240.14a-12) [ ] 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 On November 26, 2004 a distribution was made to holders of FIRST FRANKLIN MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-FF4 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-FF4 Trust, relating to the November 26, 2004 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 Mortgage Pass-Through Certificates, Series 2004-FF4 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/6/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-FF4 Trust, relating to the November 26, 2004 distribution. EX-99.1

First Franklin Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 FFM Series: 2004-FF4 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 32027NJS1 SEN 12.~~99000~~30750% ~~304~~289,~~689~~173,~~892~~431.6691 ~~555~~593,~~805~~126.1584 87,~~632~~911,~~044~~993.4022 A-2 32027NJK8 SEN 12.~~90500~~22250% ~~220~~209,~~277~~732,~~319~~621.1367 ~~384~~414,~~659~~338.2745 67,~~935~~882,~~783~~814.5911 M-1 32027NJL6 MEZ 2.~~18500~~50250% 34,358,000.00 6876,~~816~~427.2146 0.00 M-2 32027NJM4 MEZ 23.~~86500~~18250% 30,793,000.00 8087,~~870~~109.1298 0.00 M-3 32027NJN2 MEZ 3.~~11500~~43250% 9,724,000.00 2729,~~766~~669.0700 0.00 B-1 32027NJP7 SUB 3.~~56500~~88250% 6,483,000.00 2122,~~185~~373.9055 0.00 B-2 32027NJQ5 SUB 34.~~86500~~18250% 8,103,000.00 2830,~~708~~125.2515 0.00 B-3 32027NJR3 SUB 5.~~36500~~68250% 8,104,000.00 3940,~~854~~934.8020 0.00 X FFM04FF4X SEN 0.00000% 12,641,310.47 1,~~936~~719,~~036~~949.2545 0.00 P FFM04FF4P SEN 0.00000% 0.00 ~~246~~258,~~163~~986.5205 0.00 R FFM4FF4R1 SEN 0.00000% 0.00 0.00 0.00 Totals ~~635~~609,~~173~~112,~~522~~364.2605 3,~~389~~273,~~865~~040.5413 15,~~567~~794,~~827~~807.9933

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~296~~281,~~057~~261,~~848~~438.2669 98,~~187~~505,~~849~~120.5506 0.00 A-2 0.00 ~~213~~201,~~341~~849,~~535~~807.5456 78,~~320~~297,~~442~~152.8656 0.00 M-1 0.00 34,358,000.00 6876,~~816~~427.2146 0.00 M-2 0.00 30,793,000.00 8087,~~870~~109.1298 0.00 M-3 0.00 9,724,000.00 2729,~~766~~669.0700 0.00 B-1 0.00 6,483,000.00 2122,~~185~~373.9055 0.00 B-2 0.00 8,103,000.00 2830,~~708~~125.2515 0.00 B-3 0.00 8,104,000.00 3940,~~854~~934.8020 0.00 X 0.00 12,641,310.47 1,~~936~~719,~~036~~949.2545 0.00 P 0.00 0.00 ~~246~~258,~~163~~986.5205 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~619~~593,~~605~~317,~~694~~556.2772 1819,~~957~~067,~~693~~847.5346 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-1 310,523,000.00 ~~304~~289,~~689~~173,~~892~~431.6691 ~~163~~158,~~892~~476.6974 87,~~468~~753,~~151~~516.7148 0.00 0.00 A-2 227,543,000.00 ~~220~~209,~~277~~732,~~319~~621.1367 9794,~~262~~025.4372 67,~~838~~788,~~521~~788.1639 0.00 0.00 M-1 34,358,000.00 34,358,000.00 0.00 0.00 0.00 0.00 M-2 30,793,000.00 30,793,000.00 0.00 0.00 0.00 0.00 M-3 9,724,000.00 9,724,000.00 0.00 0.00 0.00 0.00 B-1 6,483,000.00 6,483,000.00 0.00 0.00 0.00 0.00 B-2 8,103,000.00 8,103,000.00 0.00 0.00 0.00 0.00 B-3 8,104,000.00 8,104,000.00 0.00 0.00 0.00 0.00 X 12,641,331.77 12,641,310.47 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 648,272,331.77 ~~635~~609,~~173~~112,~~522~~364.2605 ~~261~~252,~~155~~502.1246 15,~~306~~542,~~672~~304.87 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 87,~~632~~911,~~044~~993.4022 ~~296~~281,~~057~~261,~~848~~438.2669 0.~~95341681~~90576685 87,~~632~~911,~~044~~993.4022 A-2 67,~~935~~882,~~783~~814.5911 ~~213~~201,~~341~~849,~~535~~807.5456 0.~~93758778~~88708423 67,~~935~~882,~~783~~814.5911 M-1 0.00 34,358,000.00 1.00000000 0.00 M-2 0.00 30,793,000.00 1.00000000 0.00 M-3 0.00 9,724,000.00 1.00000000 0.00 B-1 0.00 6,483,000.00 1.00000000 0.00 B-2 0.00 8,103,000.00 1.00000000 0.00 B-3 0.00 8,104,000.00 1.00000000 0.00 X 0.00 12,641,310.47 0.99999832 0.00 P 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 15,~~567~~794,~~827~~807.9933 ~~619~~593,~~605~~317,~~694~~556.2772 0.~~95577995~~91522887 15,~~567~~794,~~827~~807.9933

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 310,523,000.00 ~~981~~931.~~21521646~~24641946 0.~~52779565~~51035427 2724.~~27061026~~96921800 0.00000000 A-2 227,543,000.00 ~~968~~921.~~06897655~~72741710 0.~~42744637~~41322176 3034.~~05375318~~22996264 0.00000000 M-1 34,358,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 30,793,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 9,724,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 6,483,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,103,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 8,104,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 12,641,331.77 999.99831505 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 All Classes per $25,000 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 2725.~~79840592~~47957227 ~~953~~905.~~41681054~~76684719 0.~~95341681~~90576685 2725.~~79840592~~47957227 A-2 0.00000000 3034.~~48119955~~64318441 ~~937~~887.~~58777699~~08423269 0.~~93758778~~88708423 3034.~~48119955~~64318441 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 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.99831505 0.99999832 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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-1 310,523,000.00 12.~~99000~~30750% ~~304~~289,~~689~~173,~~892~~431.6691 ~~555~~593,~~805~~126.1584 0.00 0.00 A-2 227,543,000.00 12.~~90500~~22250% ~~220~~209,~~277~~732,~~319~~621.1367 ~~384~~414,~~659~~338.2745 0.00 0.00 M-1 34,358,000.00 2.~~18500~~50250% 34,358,000.00 6876,~~816~~427.2146 0.00 0.00 M-2 30,793,000.00 23.~~86500~~18250% 30,793,000.00 8087,~~870~~109.1298 0.00 0.00 M-3 9,724,000.00 3.~~11500~~43250% 9,724,000.00 2729,~~766~~669.0700 0.00 0.00 B-1 6,483,000.00 3.~~56500~~88250% 6,483,000.00 2122,~~185~~373.9055 0.00 0.00 B-2 8,103,000.00 34.~~86500~~18250% 8,103,000.00 2830,~~708~~125.2515 0.00 0.00 B-3 8,104,000.00 5.~~36500~~68250% 8,104,000.00 3940,~~854~~934.8020 0.00 0.00 X 12,641,331.77 0.00000% 12,641,310.47 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 648,272,331.77 1,~~207~~294,~~665~~104.7763 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 ~~555~~593,~~805~~126.1584 0.00 ~~296~~281,~~057~~261,~~848~~438.2669 A-2 0.00 0.00 ~~384~~414,~~659~~338.2745 0.00 ~~213~~201,~~341~~849,~~535~~807.5456 M-1 0.00 0.00 6876,~~816~~427.2146 0.00 34,358,000.00 M-2 0.00 0.00 8087,~~870~~109.1298 0.00 30,793,000.00 M-3 0.00 0.00 2729,~~766~~669.0700 0.00 9,724,000.00 B-1 0.00 0.00 2122,~~185~~373.9055 0.00 6,483,000.00 B-2 0.00 0.00 2830,~~708~~125.2515 0.00 8,103,000.00 B-3 0.00 0.00 3940,~~854~~934.8020 0.00 8,104,000.00 X 0.00 0.00 1,~~936~~719,~~036~~949.2545 0.00 12,641,310.47 P 0.00 0.00 ~~246~~258,~~163~~986.5205 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 3,~~389~~273,~~865~~040.5413 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-1 310,523,000.00 12.~~99000~~30750% ~~981~~931.~~21521646~~24641946 1.~~78990010~~91008988 0.00000000 0.00000000 A-2 227,543,000.00 12.~~90500~~22250% ~~968~~921.~~06897655~~72741710 1.~~69049046~~82092374 0.00000000 0.00000000 M-1 34,358,000.00 2.~~18500~~50250% 1000.00000000 2.~~00291664~~22444438 0.00000000 0.00000000 M-2 30,793,000.00 23.~~86500~~18250% 1000.00000000 2.~~62625012~~82888903 0.00000000 0.00000000 M-3 9,724,000.00 3.~~11500~~43250% 1000.00000000 23.~~85541650~~05111065 0.00000000 0.00000000 B-1 6,483,000.00 3.~~56500~~88250% 1000.00000000 3.~~26791609~~45111060 0.00000000 0.00000000 B-2 8,103,000.00 34.~~86500~~18250% 1000.00000000 3.~~54291620~~71777737 0.00000000 0.00000000 B-3 8,104,000.00 5.~~36500~~68250% 1000.00000000 45.~~91791708~~05111056 0.00000000 0.00000000 X 12,641,331.77 0.00000% 999.99831505 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 All Classes are per $25,000 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.~~78990010~~91008988 0.00000000 ~~953~~905.~~41681054~~76684719 A-2 0.00000000 0.00000000 1.~~69049046~~82092374 0.00000000 ~~937~~887.~~58777699~~08423269 M-1 0.00000000 0.00000000 2.~~00291664~~22444438 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~62625012~~82888903 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 23.~~85541650~~05111065 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~26791609~~45111060 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.~~54291620~~71777737 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 45.~~91791708~~05111056 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~153~~136.~~15128858~~05761492 0.00000000 999.99831505 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 18,~~977~~929,~~244~~565.2653 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0134,108.0030 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~246~~258,~~163~~986.5205 Total Deposits 19,~~223~~322,~~407~~659.7888 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~265~~254,~~714~~812.2542 Payment of Interest and Principal 1819,~~957~~067,~~693~~847.5346 Total Withdrawals (Pool Distribution Amount) 19,~~223~~322,~~407~~659.7888 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~264~~253,~~655~~797.6324 Trustee Fee 1,~~058~~015.6218 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~265~~254,~~714~~812.2542

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 Reserve Fund 32.00 0834.0051 0834.0051 032.00

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4972 0 0 0 4972 811,~~708~~713,~~755~~862.5643 0.00 0.00 0.00 811,~~708~~713,~~755~~862.5643 60 Days 2822 0 0 0 2822 53,~~469~~104,~~286~~973.3311 0.00 0.00 0.00 53,~~469~~104,~~286~~973.3311 90 Days 2417 0 0 0 2417 32,~~592~~638,~~524~~374.1269 0.00 0.00 0.00 32,~~592~~638,~~524~~374.1269 120 Days 012 0 0 0 012 01,974,960.0033 0.00 0.00 0.00 01,974,960.0033 150 Days 018 0 0 0 018 02,747,798.0031 0.00 0.00 0.00 02,747,798.0031 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~101~~141 0 0 0 ~~101~~141 1722,~~770~~179,~~566~~968.0187 0.00 0.00 0.00 1722,~~770~~179,~~566~~968.0187 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~630073~~490488% 0.000000% 0.000000% 0.000000% 12.~~630073~~490488% 1.~~405532~~974299% 0.000000% 0.000000% 0.000000% 1.~~405532~~974299% 60 Days 0.~~931470~~760982% 0.000000% 0.000000% 0.000000% 0.~~931470~~760982% 0.~~882704~~523324% 0.000000% 0.000000% 0.000000% 0.~~882704~~523324% 90 Days 0.~~798403~~588032% 0.000000% 0.000000% 0.000000% 0.~~798403~~588032% 0.~~579808~~444682% 0.000000% 0.000000% 0.000000% 0.~~579808~~444682% 120 Days 0.~~000000~~415081% 0.000000% 0.000000% 0.000000% 0.~~000000~~415081% 0.~~000000~~332867% 0.000000% 0.000000% 0.000000% 0.~~000000~~332867% 150 Days 0.~~000000~~622622% 0.000000% 0.000000% 0.000000% 0.~~000000~~622622% 0.~~000000~~463124% 0.000000% 0.000000% 0.000000% 0.~~000000~~463124% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 34.~~359947~~877205% 0.000000% 0.000000% 0.000000% 34.~~359947~~877205% 23.~~868044~~738296% 0.000000% 0.000000% 0.000000% 23.~~868044~~738296%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0134,108.0030

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~441231~~439927% Weighted Average Net Coupon 5.~~941231~~939927% Weighted Average Pass-Through Rate 5.~~939231~~937927% Weighted Average Maturity(Stepdown Calculation ) ~~352~~350 Beginning Scheduled Collateral Loan Count 32,~~071~~960 Number Of Loans Paid In Full 6569 Ending Scheduled Collateral Loan Count 32,~~006~~891 Beginning Scheduled Collateral Balance ~~635~~609,~~173~~112,~~522~~364.2605 Ending Scheduled Collateral Balance ~~619~~593,~~605~~317,~~694~~556.2772 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~619~~593,~~605~~317,~~694~~556.2772 Monthly P &I Constant 3,~~670~~521,~~571~~368.1538 Special Servicing Fee 0.00 Prepayment Penalties ~~246~~258,~~163~~986.5205 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~261~~252,~~155~~502.1246 Unscheduled Principal 15,~~306~~542,~~672~~304.87

Miscellaneous Reporting Credit Enhancement Percentage 18.5746% Excess Cash 0.00 Extra Principal ~~Amount~~Distribution 0.00 ~~Overcollaterization~~Overcollateralized Amount 12,641,310.47 ~~Overcollaterization~~Overcollateralized ~~Increase~~Target Amount 012,641,310.0047 ~~Overcollaterization~~Overcollateralized ~~Reduction~~Deficiency Amount 0.00 Overcollaterized ~~Target~~Released Amount ~~12,641,310~~0.4700 ~~Overcollaterized~~Overcollateralized ~~Deficiency~~Increase Amount 0.00 ~~Specified~~Overcollateralized ~~Overcollaterized~~Reduction Amount ~~12,641,310~~0.4700 Trigger Event NO Stepdown Date inNO ~~Effect~~Dividend NOAccount ~~Trigger~~Deposit ~~Event~~0.00 NODividend Account Withdrawel 0.00 Dividend Account Balance 0.00 Soldier/Sailor Adjustment 0.00 Cap Payment 0.00 Miscellaneous Bond Adjustment 0.00 Pass Thru Rate Next Distribution 2.180% Class A-1 PT Rate for Next Distribution 2.555% Class A-2 PT Rate for Next Distribution 2.470% Class M-1 PT Rate for Next Distribution 4.130% Class M-2 PT Rate for Next Distribution 4.430% Class M-3 PT Rate for Next Distribution 5.930% Class B-1 PT Rate for Next Distribution 2.750% Class B-2 PT Rate for Next Distribution 3.430% Class B-3 PT Rate for Next Distribution 3.680%

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~476516~~473643 6.~~392538~~393526 6.~~441231~~439927 Weighted Average Net Rate 5.~~976516~~973643 5.~~892538~~893526 5.~~941231~~939927 Weighted Average Maturity 349 351 ~~353~~350 ~~352~~ Beginning Loan Count 2,~~176~~100 ~~895~~860 32,~~071~~960 Loans Paid In Full 4243 2326 6569 Ending Loan Count 2,~~134~~057 ~~872~~834 32,~~006~~891 Beginning Scheduled Balance ~~368~~352,~~290~~774,~~496~~036.8005 ~~266~~256,~~883~~338,~~025~~328.4600 ~~635~~609,~~173~~112,~~522~~364.2605 Ending scheduled Balance ~~359~~344,~~658~~862,~~452~~042.4083 ~~259~~248,~~947~~455,~~241~~513.8789 ~~619~~593,~~605~~317,~~694~~556.2772 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant 2,~~151~~061,~~592~~587.2385 1,~~518~~459,~~978~~780.9253 3,~~670~~521,~~571~~368.1538 Scheduled Principal ~~163~~158,~~892~~476.6974 9794,~~262~~025.4372 ~~261~~252,~~155~~502.1246 Unscheduled Principal 87,~~468~~753,~~151~~516.7148 67,~~838~~788,~~521~~788.1639 15,~~306~~542,~~672~~304.87 Scheduled Interest 1,~~987~~903,~~699~~111.5411 1,~~421~~365,~~716~~754.4981 3,~~409~~268,~~416~~865.0392 Servicing Fees ~~153~~146,~~454~~989.3718 ~~111~~106,~~201~~807.2663 ~~264~~253,~~655~~796.6381 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~613~~587.8296 ~~444~~427.8023 1,~~058~~015.6219 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 1,~~833~~755,~~631~~533.3597 1,~~310~~258,~~070~~519.4395 3,~~143~~014,~~701~~053.7892 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 5.~~974516~~971643 5.~~890538~~891526 5.~~939231~~937927

Filing Compare · First Franklin Mortgage Loan Trust 2004-FF4