8-K 1 ffm04ff4_dec.txt DEC. 8-K 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 27, 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 Pooling and Servicing Agreement) (Commission 54-2155129 (State or other File Number) 54-2155130 jurisdiction 54-6621652 of Incorporation) IRS EIN 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 December 27, 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 December 27, 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: 12/31/04 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 December 27, 2004 distribution. EX-99.1

First Franklin Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/~~2004~~04 Distribution Date: 1112/2627/~~2004~~04 ~~FFM~~First Franklin Mortgage Loan Trust Mortgage Pass-Through Certificates 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 2.~~30750~~55563% ~~289~~281,~~173~~261,~~431~~438.9169 ~~593~~618,~~126~~966.8481 711,~~911~~334,~~993~~669.2251 A-2 32027NJK8 SEN 2.~~22250~~47063% ~~209~~201,~~732~~849,~~621~~807.6756 ~~414~~429,~~338~~432.4583 76,~~882~~069,~~814~~366.1109 M-1 32027NJL6 MEZ 2.~~50250~~75063% 34,358,000.00 7681,~~427~~380.4629 0.00 M-2 32027NJM4 MEZ 3.~~18250~~43063% 30,793,000.00 8790,~~109~~967.9825 0.00 M-3 32027NJN2 MEZ 3.~~43250~~68063% 9,724,000.00 2930,~~669~~819.0055 0.00 B-1 32027NJP7 SUB 34.~~88250~~13063% 6,483,000.00 2223,~~373~~059.5559 0.00 B-2 32027NJQ5 SUB 4.~~18250~~43063% 8,103,000.00 30,~~125~~915.1509 0.00 B-3 32027NJR3 SUB 5.~~68250~~93063% 8,104,000.00 4041,~~934~~386.2057 0.00 X FFM04FF4X SEN 0.00000% 12,641,310.47 1,~~719~~585,~~949~~747.4515 0.00 P FFM04FF4P SEN 0.00000% 0.00 ~~258~~347,~~986~~111.0596 0.00 R FFM4FF4R1 SEN 0.00000% 0.00 0.00 0.00 Totals ~~609~~593,~~112~~317,~~364~~556.0572 3,~~273~~279,~~040~~787.1309 1517,~~794~~404,~~807~~035.3360

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~281~~269,~~261~~926,~~438~~769.6918 811,~~505~~953,~~120~~636.0632 0.00 A-2 0.00 ~~201~~195,~~849~~780,~~807~~441.5647 86,~~297~~498,~~152~~798.5692 0.00 M-1 0.00 34,358,000.00 7681,~~427~~380.4629 0.00 M-2 0.00 30,793,000.00 8790,~~109~~967.9825 0.00 M-3 0.00 9,724,000.00 2930,~~669~~819.0055 0.00 B-1 0.00 6,483,000.00 2223,~~373~~059.5559 0.00 B-2 0.00 8,103,000.00 30,~~125~~915.1509 0.00 B-3 0.00 8,104,000.00 4041,~~934~~386.2057 0.00 X 0.00 12,641,310.47 1,~~719~~585,~~949~~747.4515 0.00 P 0.00 0.0001 ~~258~~347,~~986~~111.0596 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~593~~575,~~317~~913,~~556~~521.7213 1920,~~067~~683,~~847~~822.4669 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 ~~289~~281,~~173~~261,~~431~~438.9169 ~~158~~156,~~476~~543.7434 711,~~753~~178,~~516~~126.4817 0.00 0.00 A-2 227,543,000.00 ~~209~~201,~~732~~849,~~621~~807.6756 9493,~~025~~150.7261 75,~~788~~976,~~788~~215.3948 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 ~~609~~593,~~112~~317,~~364~~556.0572 ~~252~~249,~~502~~693.4695 1517,~~542~~154,~~304~~341.8765 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-1 711,~~911~~334,~~993~~669.2251 ~~281~~269,~~261~~926,~~438~~769.6918 0.~~90576685~~86926498 711,~~911~~334,~~993~~669.2251 A-2 76,~~882~~069,~~814~~366.1109 ~~201~~195,~~849~~780,~~807~~441.5647 0.~~88708423~~86041074 76,~~882~~069,~~814~~366.1109 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 0.0001 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1517,~~794~~404,~~807~~035.3360 ~~593~~575,~~317~~913,~~556~~521.7213 0.~~91522887~~88838208 1517,~~794~~404,~~807~~035.3360

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 ~~931~~905.~~24641946~~76684719 0.~~51035427~~50412800 2435.~~96921800~~99773985 0.00000000 A-2 227,543,000.00 ~~921~~887.~~72741710~~08423269 0.~~41322176~~40937585 3426.~~22996264~~26411483 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 2536.~~47957227~~50186785 ~~905~~869.~~76684719~~26497934 0.~~90576685~~86926498 2536.~~47957227~~50186785 A-2 0.00000000 3426.~~64318441~~67349068 ~~887~~860.~~08423269~~41074201 0.~~88708423~~86041074 3426.~~64318441~~67349068 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 2.~~30750~~55563% ~~289~~281,~~173~~261,~~431~~438.9169 ~~593~~618,~~126~~966.8481 0.00 0.00 A-2 227,543,000.00 2.~~22250~~47063% ~~209~~201,~~732~~849,~~621~~807.6756 ~~414~~429,~~338~~432.4583 0.00 0.00 M-1 34,358,000.00 2.~~50250~~75063% 34,358,000.00 7681,~~427~~380.4629 0.00 0.00 M-2 30,793,000.00 3.~~18250~~43063% 30,793,000.00 8790,~~109~~967.9825 0.00 0.00 M-3 9,724,000.00 3.~~43250~~68063% 9,724,000.00 2930,~~669~~819.0055 0.00 0.00 B-1 6,483,000.00 34.~~88250~~13063% 6,483,000.00 2223,~~373~~059.5559 0.00 0.00 B-2 8,103,000.00 4.~~18250~~43063% 8,103,000.00 30,~~125~~915.1509 0.00 0.00 B-3 8,104,000.00 5.~~68250~~93063% 8,104,000.00 4041,~~934~~386.2057 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,~~294~~346,~~104~~927.6398 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 ~~593~~618,~~126~~966.8481 0.00 ~~281~~269,~~261~~926,~~438~~769.6918 A-2 0.00 0.00 ~~414~~429,~~338~~432.4583 0.00 ~~201~~195,~~849~~780,~~807~~441.5647 M-1 0.00 0.00 7681,~~427~~380.4629 0.00 34,358,000.00 M-2 0.00 0.00 8790,~~109~~967.9825 0.00 30,793,000.00 M-3 0.00 0.00 2930,~~669~~819.0055 0.00 9,724,000.00 B-1 0.00 0.00 2223,~~373~~059.5559 0.00 6,483,000.00 B-2 0.00 0.00 30,~~125~~915.1509 0.00 8,103,000.00 B-3 0.00 0.00 4041,~~934~~386.2057 0.00 8,104,000.00 X 0.00 0.00 1,~~719~~585,~~949~~747.4515 0.00 12,641,310.47 P 0.00 0.00 ~~258~~347,~~986~~111.0596 0.00 0.0001 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 3,~~273~~279,~~040~~787.1309 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 2.~~30750~~55563% ~~931~~905.~~24641946~~76684719 1.~~91008988~~99330423 0.00000000 0.00000000 A-2 227,543,000.00 2.~~22250~~47063% ~~921~~887.~~72741710~~08423269 1.~~82092374~~88726012 0.00000000 0.00000000 M-1 34,358,000.00 2.~~50250~~75063% 1000.00000000 2.~~22444438~~36859800 0.00000000 0.00000000 M-2 30,793,000.00 3.~~18250~~43063% 1000.00000000 2.~~82888903~~95415354 0.00000000 0.00000000 M-3 9,724,000.00 3.~~43250~~68063% 1000.00000000 3.~~05111065~~16943130 0.00000000 0.00000000 B-1 6,483,000.00 34.~~88250~~13063% 1000.00000000 3.~~45111060~~55693198 0.00000000 0.00000000 B-2 8,103,000.00 4.~~18250~~43063% 1000.00000000 3.~~71777737~~81526472 0.00000000 0.00000000 B-3 8,104,000.00 5.~~68250~~93063% 1000.00000000 5.~~05111056~~10693115 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.~~91008988~~99330423 0.00000000 ~~905~~869.~~76684719~~26497934 A-2 0.00000000 0.00000000 1.~~82092374~~88726012 0.00000000 ~~887~~860.~~08423269~~41074201 M-1 0.00000000 0.00000000 2.~~22444438~~36859800 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~82888903~~95415354 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~05111065~~16943130 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~45111060~~55693198 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.~~71777737~~81526472 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 5.~~05111056~~10693115 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~136~~125.~~05761492~~44146288 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 1820,~~929~~719,~~565~~023.5389 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~134,108~~0.3000 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~258~~347,~~986~~111.0596 Total Deposits 1921,~~322~~066,~~659~~135.8885 Withdrawals Reimbursement for Servicer Advances 0134,108.0030 Payment of Service Fee ~~254~~248,~~812~~204.4286 Payment of Interest and Principal 1920,~~067~~683,~~847~~822.4669 Total Withdrawals (Pool Distribution Amount) 1921,~~322~~066,~~659~~135.8885 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~253~~247,~~797~~216.2401 Trustee Fee ~~1,015~~988.1885 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~254~~248,~~812~~204.4286

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 ~~834~~1,332.5104 ~~834~~1,332.5104 32.00

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 7250 0 0 0 7250 119,~~713~~057,~~862~~203.4347 0.00 0.00 0.00 119,~~713~~057,~~862~~203.4347 60 Days 2235 0 0 0 2235 35,~~104~~469,~~973~~371.1120 0.00 0.00 0.00 35,~~104~~469,~~973~~371.1120 90 Days 17 0 0 0 17 21,~~638~~902,~~374~~011.6987 0.00 0.00 0.00 21,~~638~~902,~~374~~011.6987 120 Days 1214 0 0 0 1214 12,~~974~~055,~~960~~486.3307 0.00 0.00 0.00 12,~~974~~055,~~960~~486.3307 150 Days 188 0 0 0 188 21,~~747~~075,~~798~~580.3119 0.00 0.00 0.00 21,~~747~~075,~~798~~580.3119 180+ Days 018 0 0 0 018 02,745,901.0069 0.00 0.00 0.00 02,745,901.0069 Totals ~~141~~142 0 0 0 ~~141~~142 22,~~179~~305,~~968~~554.8749 0.00 0.00 0.00 22,~~179~~305,~~968~~554.8749 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 21.~~490488~~773679% 0.000000% 0.000000% 0.000000% 21.~~490488~~773679% 1.~~974299~~572667% 0.000000% 0.000000% 0.000000% 1.~~974299~~572667% 60 Days 01.~~760982~~241575% 0.000000% 0.000000% 0.000000% 01.~~760982~~241575% 0.~~523324~~949686% 0.000000% 0.000000% 0.000000% 0.~~523324~~949686% 90 Days 0.~~588032~~603051% 0.000000% 0.000000% 0.000000% 0.~~588032~~603051% 0.~~444682~~330260% 0.000000% 0.000000% 0.000000% 0.~~444682~~330260% 120 Days 0.~~415081~~496630% 0.000000% 0.000000% 0.000000% 0.~~415081~~496630% 0.~~332867~~356909% 0.000000% 0.000000% 0.000000% 0.~~332867~~356909% 150 Days 0.~~622622~~283789% 0.000000% 0.000000% 0.000000% 0.~~622622~~283789% 0.~~463124~~186761% 0.000000% 0.000000% 0.000000% 0.~~463124~~186761% 180+ Days 0.~~000000~~638524% 0.000000% 0.000000% 0.000000% 0.~~000000~~638524% 0.~~000000~~476791% 0.000000% 0.000000% 0.000000% 0.~~000000~~476791% Totals 45.~~877205~~037247% 0.000000% 0.000000% 0.000000% 45.~~877205~~037247% 3.~~738296~~873074% 0.000000% 0.000000% 0.000000% 3.~~738296~~873074%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~134,108~~0.3000

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~439927~~433410% Weighted Average Net Coupon 5.~~939927~~933410% Weighted Average Pass-Through Rate 5.~~937927~~931410% Weighted Average Maturity(Stepdown Calculation ) ~~350~~349 Beginning Scheduled Collateral Loan Count 2,~~960~~891 Number Of Loans Paid In Full 6972 Ending Scheduled Collateral Loan Count 2,~~891~~819 Beginning Scheduled Collateral Balance ~~609~~593,~~112~~317,~~364~~556.0572 Ending Scheduled Collateral Balance ~~593~~575,~~317~~913,~~556~~521.7212 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~593~~575,~~317~~913,~~556~~521.7212 Monthly P &I Constant 3,~~521~~430,~~368~~573.3828 Special Servicing Fee 0.00 Prepayment Penalties ~~258~~347,~~986~~111.0596 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~252~~249,~~502~~693.4695 Unscheduled Principal 1517,~~542~~154,~~304~~341.8765

Miscellaneous Reporting Credit Enhancement Percentage 1819.~~5746~~1359% Excess Cash 0.00 Extra Principal Distribution 022.0035 Overcollateralized Amount 12,641,310.4749 Overcollateralized Target Amount 12,641,310.4749 Overcollateralized Deficiency Amount 0.00 Overcollaterized Released Amount 0.00 Overcollateralized Increase Amount 022.0035 Overcollateralized Reduction Amount 0.00 Trigger Event NO Stepdown Date NO Dividend Account Deposit 0.00 Dividend 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 20.~~180%~~00 Class A-1 PT Rate for Next Distribution 2.~~555%~~55563 Class A-2 PT Rate for Next Distribution 2.~~470%~~47063 Class M-1 PT Rate for Next Distribution 42.~~130%~~75063 Class M-2 PT Rate for Next Distribution 43.~~430%~~43063 Class M-3 PT Rate for Next Distribution 53.~~930%~~68063 Class B-1 PT Rate for Next Distribution 24.~~750%~~13063 Class B-2 PT Rate for Next Distribution 34.~~430%~~43063 Class B-3 PT Rate for Next Distribution 35.~~680%~~93063

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.~~473643~~467259 6.~~393526~~386428 6.~~439927~~433410 Weighted Average Net Rate 5.~~973643~~967259 5.~~893526~~886428 5.~~939927~~933410 Weighted Average Maturity ~~349~~348 ~~351~~ 350 349 Beginning Loan Count 2,~~100~~057 ~~860~~834 2,~~960~~891 Loans Paid In Full 4355 2617 6972 Ending Loan Count 2,~~057~~002 ~~834~~817 2,~~891~~819 Beginning Scheduled Balance ~~352~~344,~~774~~862,~~036~~042.0583 ~~256~~248,~~338~~455,~~328~~513.0089 ~~609~~593,~~112~~317,~~364~~556.0572 Ending scheduled Balance ~~344~~333,~~862~~527,~~042~~373.8332 ~~248~~242,~~455~~386,~~513~~147.8980 ~~593~~575,~~317~~913,~~556~~521.7212 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 2,~~061~~015,~~587~~136.8570 1,~~459~~415,~~780~~436.5358 3,~~521~~430,~~368~~573.3828 Scheduled Principal ~~158~~156,~~476~~543.7434 9493,~~025~~150.7261 ~~252~~249,~~502~~693.4695 Unscheduled Principal 711,~~753~~178,~~516~~126.4817 75,~~788~~976,~~788~~215.3948 1517,~~542~~154,~~304~~341.8765 Scheduled Interest 1,~~903~~858,~~111~~593.1136 1,~~365~~322,~~754~~285.8197 3,~~268~~180,~~865~~879.9233 Servicing Fees ~~146~~143,~~989~~692.1852 ~~106~~103,~~807~~523.6313 ~~253~~247,~~796~~215.8165 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~587~~574.9677 ~~427~~414.2309 ~~1,015~~988.1986 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,~~755~~714,~~533~~326.9707 1,~~258~~218,~~519~~348.9575 32,~~014~~932,~~053~~674.9282 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.~~971643~~965259 5.~~891526~~884428 5.~~937927~~931410

Filing Compare · First Franklin Mortgage Loan Trust 2004-FF4