8-K 1 ffm04ff1_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 Loan Asset-Backed Certificates, Series 2004-FF1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-01 54-2147305 Pooling and Servicing Agreement) (Commission 54-2147306 (State or other File Number) 54-2147307 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 Loan Asset-Backed Certificates, Series 2004-FF1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2004-FF1 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 Loan Asset-Backed Certificates, Series 2004-FF1 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 Loan Asset-Backed Certificates, Series 2004-FF1 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-FF1 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 32027NFZ9 SEN 12.~~87500~~19250% ~~553~~483,~~831~~306,~~406~~830.4362 ~~951~~941,~~897~~911.7331 3828,~~414~~314,~~990~~912.7859 A-2 32027NGA3 SEN 12.~~85500~~17250% ~~368~~319,~~058~~086,~~949~~818.0180 ~~625~~616,~~853~~192.5710 2022,~~715~~751,~~960~~510.6751 M-1 32027NGC9 MEZ 2.~~11500~~43250% 73,587,000.00 ~~142~~159,~~666~~111.8045 0.00 M-2 32027NGD7 MEZ 23.~~75500~~07250% 60,207,000.00 ~~152~~164,~~047~~432.7601 0.00 B-1 32027NGE5 SUB 3.~~21500~~53250% 30,103,000.00 8894,~~716~~523.0542 0.00 B-2 32027NGF2 SUB 3.~~31500~~63250% 16,724,000.00 5053,~~820~~999.0694 0.00 B-3 32027NGG0 SUB 4.~~36500~~68250% 15,386,000.00 6164,~~563~~039.2395 0.00 S 32027NGB1 SUB 0.~~68500~~36750% 0.00 ~~701~~326,~~946~~144.3821 0.00 C 32027NGJ4 SUB 0.00000% 14,699,762.00 2,~~986~~725,~~299~~896.6428 0.00 P 32027NGK1 SUB 0.00000% 0.00 1942,~~096,650~~061.5207 0.00 R 32027NGH8 SEN 12.~~87500~~19250% 0.00 0.00 0.00 Totals 1,~~132~~013,~~597~~100,~~117~~411.4442 6,~~858~~088,~~461~~311.74 5951,~~130~~066,~~951~~423.4510

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~515~~454,~~416~~991,~~415~~918.6503 3929,~~366~~256,~~888~~823.5190 0.00 A-2 0.00 ~~347~~296,~~342~~335,~~988~~308.3429 2123,~~341~~367,~~814~~702.2461 0.00 M-1 0.00 73,587,000.00 ~~142~~159,~~666~~111.8045 0.00 M-2 0.00 60,207,000.00 ~~152~~164,~~047~~432.7601 0.00 B-1 0.00 30,103,000.00 8894,~~716~~523.0542 0.00 B-2 0.00 16,724,000.00 5053,~~820~~999.0694 0.00 B-3 0.00 15,386,000.00 6164,~~563~~039.2395 0.00 S 0.00 0.00 ~~701~~326,~~946~~144.3821 0.00 C 0.00 14,699,762.00 2,~~986~~725,~~299~~896.6428 0.00 P 0.00 0.00 1942,~~096,650~~061.5207 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 1962,~~073~~033,~~466,165~~988.9932 6557,~~989~~154,~~413~~734.1984 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-1 674,006,000.00 ~~553~~483,~~831~~306,~~406~~830.4362 0.00 3828,~~414~~314,~~990~~912.7859 0.00 0.00 A-2 451,628,000.00 ~~368~~319,~~058~~086,~~949~~818.0180 0.00 2022,~~715~~751,~~960~~510.6751 0.00 0.00 M-1 73,587,000.00 73,587,000.00 0.00 0.00 0.00 0.00 M-2 60,207,000.00 60,207,000.00 0.00 0.00 0.00 0.00 B-1 30,103,000.00 30,103,000.00 0.00 0.00 0.00 0.00 B-2 16,724,000.00 16,724,000.00 0.00 0.00 0.00 0.00 B-3 15,386,000.00 15,386,000.00 0.00 0.00 0.00 0.00 S 0.00 0.00 0.00 0.00 0.00 0.00 C 14,700,899.60 14,699,762.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 Totals 1,336,341,999.60 1,~~132~~013,~~597~~100,~~117~~411.4442 0.00 5951,~~130~~066,~~951~~423.4510 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 3828,~~414~~314,~~990~~912.7859 ~~515~~454,~~416~~991,~~415~~918.6503 0.~~76470598~~67505618 3828,~~414~~314,~~990~~912.7859 A-2 2022,~~715~~751,~~960~~510.6751 ~~347~~296,~~342~~335,~~988~~308.3429 0.~~76909091~~65614911 2022,~~715~~751,~~960~~510.6751 M-1 0.00 73,587,000.00 1.00000000 0.00 M-2 0.00 60,207,000.00 1.00000000 0.00 B-1 0.00 30,103,000.00 1.00000000 0.00 B-2 0.00 16,724,000.00 1.00000000 0.00 B-3 0.00 15,386,000.00 1.00000000 0.00 S 0.00 0.00 0.00000000 0.00 C 0.00 14,699,762.00 0.99992262 0.00 P 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 5951,~~130~~066,~~951~~423.4510 1962,~~073~~033,~~466,165~~988.9932 0.~~80328701~~71990103 5951,~~130~~066,~~951~~423.4510

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 674,006,000.00 ~~821~~717.~~70100330~~06606561 0.00000000 5642.~~99502791~~00988209 0.00000000 A-2 451,628,000.00 ~~814~~706.~~96042984~~52576634 0.00000000 4550.~~86952242~~37666068 0.00000000 M-1 73,587,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 60,207,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 30,103,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 16,724,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 15,386,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 S 0.00 0.00000000 0.00000000 0.00000000 0.00000000 C 14,700,899.60 999.92261698 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000

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 5642.~~99502791~~00988209 ~~764~~675.~~70597539~~05618352 0.~~76470598~~67505618 5642.~~99502791~~00988209 A-2 0.00000000 4550.~~86952242~~37666068 ~~769~~656.~~09090743~~14910566 0.~~76909091~~65614911 4550.~~86952242~~37666068 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 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 S 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 999.92261698 0.99992262 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-1 674,006,000.00 12.~~87500~~19250% ~~553~~483,~~831~~306,~~406~~830.4362 ~~951~~941,~~897~~911.7331 0.00 0.00 A-2 451,628,000.00 12.~~85500~~17250% ~~368~~319,~~058~~086,~~949~~818.0180 ~~625~~616,~~853~~192.5710 0.00 0.00 M-1 73,587,000.00 2.~~11500~~43250% 73,587,000.00 ~~142~~159,~~666~~111.8045 0.00 0.00 M-2 60,207,000.00 23.~~75500~~07250% 60,207,000.00 ~~152~~164,~~047~~432.7601 0.00 0.00 B-1 30,103,000.00 3.~~21500~~53250% 30,103,000.00 8894,~~716~~523.0542 0.00 0.00 B-2 16,724,000.00 3.~~31500~~63250% 16,724,000.00 5053,~~820~~999.0694 0.00 0.00 B-3 15,386,000.00 4.~~36500~~68250% 15,386,000.00 6164,~~563~~039.2395 0.00 0.00 S 0.00 0.~~68500~~36750% 1998,~~117~~400,~~897,355~~649.4342 ~~701~~326,~~946~~144.3821 0.00 0.00 C 14,700,899.60 0.00000% 14,699,762.00 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 R 100.00 12.~~87500~~19250% 0.00 0.00 0.00 0.00 Totals 1,336,341,999.60 2,~~775~~420,~~511~~354.5839 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 ~~951~~941,~~897~~911.7331 0.00 ~~515~~454,~~416~~991,~~415~~918.6503 A-2 0.00 0.00 ~~625~~616,~~853~~192.5710 0.00 ~~347~~296,~~342~~335,~~988~~308.3429 M-1 0.00 0.00 ~~142~~159,~~666~~111.8045 0.00 73,587,000.00 M-2 0.00 0.00 ~~152~~164,~~047~~432.7601 0.00 60,207,000.00 B-1 0.00 0.00 8894,~~716~~523.0542 0.00 30,103,000.00 B-2 0.00 0.00 5053,~~820~~999.0694 0.00 16,724,000.00 B-3 0.00 0.00 6164,~~563~~039.2395 0.00 15,386,000.00 S 0.00 0.00 ~~701~~326,~~946~~144.3821 0.00 1947,~~058~~334,~~766,403~~226.9832 C 0.00 0.00 2,~~986~~725,~~299~~896.6428 0.00 14,699,762.00 P 0.00 0.00 1942,~~096,650~~061.5207 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,~~858~~088,~~461~~311.74 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-1 674,006,000.00 12.~~87500~~19250% ~~821~~717.~~70100330~~06606561 1.~~41229860~~39748208 0.00000000 0.00000000 A-2 451,628,000.00 12.~~85500~~17250% ~~814~~706.~~96042984~~52576634 1.~~38577229~~36437976 0.00000000 0.00000000 M-1 73,587,000.00 2.~~11500~~43250% 1000.00000000 12.~~93875005~~16222227 0.00000000 0.00000000 M-2 60,207,000.00 23.~~75500~~07250% 1000.00000000 2.~~52541665~~73111117 0.00000000 0.00000000 B-1 30,103,000.00 3.~~21500~~53250% 1000.00000000 23.~~94708335~~14000000 0.00000000 0.00000000 B-2 16,724,000.00 3.~~31500~~63250% 1000.00000000 3.~~03875030~~22888902 0.00000000 0.00000000 B-3 15,386,000.00 4.~~36500~~68250% 1000.00000000 4.~~00124984~~16222215 0.00000000 0.00000000 S 0.00 0.~~68500~~36750% ~~845~~755.~~84033852~~42494057 0.~~53111725~~24677215 0.00000000 0.00000000 C 14,700,899.60 0.00000% 999.92261698 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 12.~~87500~~19250% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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.~~41229860~~39748208 0.00000000 ~~764~~675.~~70597539~~05618352 A-2 0.00000000 0.00000000 1.~~38577229~~36437976 0.00000000 ~~769~~656.~~09090743~~14910566 M-1 0.00000000 0.00000000 12.~~93875005~~16222227 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~52541665~~73111117 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 23.~~94708335~~14000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.~~03875030~~22888902 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.~~00124984~~16222215 0.00000000 1000.00000000 S 0.00000000 0.00000000 0.~~53111725~~24677215 0.00000000 ~~801~~716.~~09978721~~78629419 C 0.00000000 0.00000000 ~~203~~185.~~13720393~~42377366 0.00000000 999.92261698 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 6556,~~348~~616,~~620~~463.1138 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~183~~237,~~591~~387.4893 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 1942,~~096,650~~061.5207 Total Deposits 6657,~~628~~795,~~862~~912.1138 Withdrawals Reimbursement for Servicer Advances ~~153~~205,~~375~~545.9725 Payment of Service Fee ~~486~~435,~~072~~632.9529 Payment of Interest and Principal 6557,~~989~~154,~~413~~734.1984 Total Withdrawals (Pool Distribution Amount) 6657,~~628~~795,~~862~~912.1138 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~471~~422,~~915~~968.4753 Credit Risk Manager Fee 1412,~~157~~663.4876 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~486~~435,~~072~~632.9529

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 1920 01 0 1921 43,~~523~~766,~~313~~454.9989 0198,356.0017 0.00 43,~~523~~964,~~313~~811.9906 30 Days 89114 1 30 0 93115 1618,~~212~~075,~~719~~312.1201 ~~356~~73,~~250~~714.0011 ~~250,247~~0.6700 0.00 1618,~~819~~149,~~216~~026.7912 60 Days 20 36 126 0 3532 34,~~404~~209,~~344~~753.4498 ~~288~~888,~~838~~191.8263 1,~~666~~012,~~720~~805.3205 0.00 56,~~359~~110,~~903~~750.5866 90 Days 34 158 3418 40 5630 ~~371~~1,~~787~~084,771.5554 1,~~946~~072,~~273~~683.3541 62,~~033~~196,~~764~~223.9578 ~~536,094~~0.0800 84,~~887~~353,~~919~~678.9373 120 Days 02 02 013 0 017 0307,856.0015 0125,046.0003 01,945,675.0074 0.00 02,378,577.0092 150 Days 02 03 02 02 09 0115,239.0018 0461,926.0028 0129,646.0050 0351,718.0047 01,058,530.0043 180+ Days 0 07 018 09 034 0.00 0843,238.0006 03,340,278.0044 01,055,598.0029 05,239,114.0079 Totals ~~112~~142 3847 4958 411 ~~203~~258 1923,~~988~~792,~~851~~932.1186 7,~~114~~231,~~676~~254.1641 78,~~950~~822,~~732~~985.9468 ~~536~~1,~~094~~407,316.0876 3541,~~590~~254,~~354~~489.2971 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.~~378788~~437254% 0.~~000000~~021863% 0.000000% 0.~~378788~~459117% 0.~~421188~~391309% 0.~~000000~~020608% 0.000000% 0.~~421188~~411917% 30 Days 12.~~774322~~492348% 0.~~019936~~021863% 0.~~059809~~000000% 0.000000% 12.~~854067~~514211% 1.~~509645~~877901% 0.~~033172~~007658% 0.~~023302~~000000% 0.000000% 1.~~566119~~885559% 60 Days 0.~~398724~~437254% 0.~~059809~~131176% 0.~~239234~~131176% 0.000000% 0.~~697767~~699606% 0.~~316995~~437365% 0.~~026895~~092277% 0.~~155196~~105224% 0.000000% 0.~~499087~~634865% 90 Days 0.~~059809~~087451% 0.~~299043~~174902% 0.~~677831~~393529% 0.~~079745~~000000% 10.~~116427~~655881% 0.~~034619~~112700% 0.~~181227~~111444% 0.~~561833~~228173% 0.~~049918~~000000% 0.~~827597~~452317% 120 Days 0.~~000000~~043725% 0.~~000000~~043725% 0.~~000000~~284215% 0.000000% 0.~~000000~~371666% 0.~~000000~~031984% 0.~~000000~~012991% 0.~~000000~~202142% 0.000000% 0.~~000000~~247118% 150 Days 0.~~000000~~043725% 0.~~000000~~065588% 0.~~000000~~043725% 0.~~000000~~043725% 0.~~000000~~196764% 0.~~000000~~011973% 0.~~000000~~047991% 0.~~000000~~013469% 0.~~000000~~036541% 0.~~000000~~109974% 180+ Days 0.000000% 0.~~000000~~153039% 0.~~000000~~393529% 0.~~000000~~196764% 0.~~000000~~743332% 0.000000% 0.~~000000~~087607% 0.~~000000~~347032% 0.~~000000~~109669% 0.~~000000~~544308% Totals 23.~~232855~~104504% 01.~~757576~~027547% 01.~~976874~~268037% 0.~~079745~~240490% 45.~~047049~~640577% 12.~~861259~~471923% 0.~~662482~~751278% 0.~~740331~~916648% 0.~~049918~~146211% 34.~~313991~~286059%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~183~~237,~~591~~387.4893

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~620678~~611644% Weighted Average Net Coupon 6.~~119706~~110645% Weighted Average Pass-Through Rate 6.~~104706~~095645% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 54,~~261~~783 Number Of Loans Paid In Full ~~245~~209 Ending Scheduled Collateral Loan Count 54,~~016~~574 Beginning Scheduled Collateral Balance 1,~~132~~013,~~597~~100,~~117~~411.4342 Ending Scheduled Collateral Balance 1962,~~073~~033,~~466,165~~988.9832 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 1962,~~073~~527,~~942,430~~423.2441 Monthly P &I Constant 6,~~747~~037,~~106~~545.3790 Special Servicing Fee 0.00 Prepayment Penalties 1942,~~096,650~~061.5207 Realized Loss Amount 0.00 Cumulative Realized Loss 8084,~~391~~269.6180 Ending Scheduled Balance for Premium Loans 1962,~~073~~033,~~466,165~~988.9832 Scheduled Principal ~~498~~455,~~305~~663.6508 Unscheduled Principal 5850,~~632~~610,~~645~~760.8002 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 14,699,762.00 Overcollateralized Amount 14,699,762.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00

Miscellaneous Reporting Current Pre-payment penalties 1942,~~096,650~~061.5207 Cumulative Pre-payment penalties 47,~~711~~056,~~605~~438.7208 Repurchased Principal 0.00 Is Trigger Event occuring? NO

Filing Compare · MERRILL LYNCH MORTGAGE LN ASST BACK CERTS SER 2004-FF1