8-K 1 ffm04ffc_10505.txt 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): May 25, 2005 FIRST FRANKLIN MORTGAGE LOAN TRUST Mortgage Loan Asset-Backed Certificates, Series 2004-FFC Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-37 Pooling and Servicing Agreement) (Commission 54-2165538 (State or other File Number) 54-2165539 jurisdiction 54-6648413 of Incorporation) 54-6648414 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 May 25, 2005 a distribution was made to holders of FIRST FRANKLIN MORTGAGE LOAN TRUST, Mortgage Loan Asset-Backed Certificates, Series 2004-FFC 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-FFC Trust, relating to the May 25, 2005 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-FFC Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 5/31/05 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2004-FFC Trust , relating to the May 25, 2005 distribution. EX-99.1

First Franklin Mortgage Loan Trust Mortgage Loan ~~Trust~~Asset-Backed Certificates Record Date: 124/3129/~~2004~~05 Distribution Date: 15/25/~~2005~~05 First Franklin Mortgage Loan Trust Mortgage Loan ~~Trust~~Asset-Backed Certificates Series 2004-FFC 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 R 32027NPZ8 RES 23.~~64750~~25000% ~~100~~0.00 0.2100 ~~100~~0.00 A 32027NPS4 SEN 23.~~64750~~25000% ~~265~~221,~~974~~881,~~000~~377.0013 ~~547~~600,~~684~~928.8073 1417,~~228~~792,~~527~~581.1444 M-1 32027NPT2 MEZ 23.~~91750~~52000% 40,980,000.00 92120,~~990~~208.4500 0.00 M-2 32027NPU9 MEZ 23.~~96750~~57000% 10,146,000.00 2330,~~417~~184.5335 0.00 M-3 32027NPV7 MEZ 3.~~31750~~92000% 22,678,000.00 5874,~~515~~081.5447 0.00 M-4 32027NPW5 MEZ 34.~~41750~~02000% 5,570,000.00 1418,~~805~~659.3750 0.00 B-1 32027NPX3 SUB 4.~~26750~~87000% 7,162,000.00 2329,~~771~~065.8778 0.00 B-2 32027NPY1 SUB 4.~~36750~~97000% 5,172,000.00 1721,~~569~~420.0070 0.00 B-3 32027NQA2 SUB 45.~~91750~~52000% 6,963,000.00 2632,~~631~~029.5480 0.00 B-4 32027NQB0 SUB 56.~~61750~~22000% 20,291,000.00 88105,~~654~~175.7602 0.00 P 32027NQD6 SEN 0.00000% 100.00 ~~246~~280,~~303~~626.1941 0.00 C 32027NQC8 SEN 0.00000% 1220,~~930~~016,~~822~~541.8347 0.00 0.00 Totals ~~397~~360,~~867~~860,~~022~~018.8360 1,~~140~~312,~~344~~379.2676 1417,~~228~~792,~~627~~581.1444

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 ~~100~~0.2100 0.00 A 0.00 ~~251~~204,~~745~~088,~~472~~795.8668 1418,~~776~~393,~~211~~510.9417 0.00 M-1 0.00 40,980,000.00 92120,~~990~~208.4500 0.00 M-2 0.00 10,146,000.00 2330,~~417~~184.5335 0.00 M-3 0.00 22,678,000.00 5874,~~515~~081.5447 0.00 M-4 0.00 5,570,000.00 1418,~~805~~659.3750 0.00 B-1 0.00 7,162,000.00 2329,~~771~~065.8778 0.00 B-2 0.00 5,172,000.00 1721,~~569~~420.0070 0.00 B-3 0.00 6,963,000.00 2632,~~631~~029.5480 0.00 B-4 0.00 20,291,000.00 88105,~~654~~175.7602 0.00 P 0.00 100.00 ~~246~~280,~~303~~626.1941 0.00 C 0.00 1421,~~925~~522,~~460~~247.1578 0.00 0.00 Totals 0.00 ~~385~~344,~~633~~573,~~033~~143.0146 1519,~~368~~104,~~971~~961.4020 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) R 100.00 ~~100~~0.00 0.00 ~~100~~0.00 0.00 0.00 A 265,974,000.00 ~~265~~221,~~974~~881,~~000~~377.0013 0.00 1417,~~228~~792,~~527~~581.1444 0.00 0.00 M-1 40,980,000.00 40,980,000.00 0.00 0.00 0.00 0.00 M-2 10,146,000.00 10,146,000.00 0.00 0.00 0.00 0.00 M-3 22,678,000.00 22,678,000.00 0.00 0.00 0.00 0.00 M-4 5,570,000.00 5,570,000.00 0.00 0.00 0.00 0.00 B-1 7,162,000.00 7,162,000.00 0.00 0.00 0.00 0.00 B-2 5,172,000.00 5,172,000.00 0.00 0.00 0.00 0.00 B-3 6,963,000.00 6,963,000.00 0.00 0.00 0.00 0.00 B-4 20,291,000.00 20,291,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 C 12,930,822.83 1220,~~930~~016,~~822~~541.8347 0.00 0.00 0.00 0.00 Totals 397,867,022.83 ~~397~~360,~~867~~860,~~022~~018.8360 0.00 1417,~~228~~792,~~627~~581.1444 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 R ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 A 1417,~~228~~792,~~527~~581.1444 ~~251~~204,~~745~~088,~~472~~795.8668 0.~~94650407~~76732611 1417,~~228~~792,~~527~~581.1444 M-1 0.00 40,980,000.00 1.00000000 0.00 M-2 0.00 10,146,000.00 1.00000000 0.00 M-3 0.00 22,678,000.00 1.00000000 0.00 M-4 0.00 5,570,000.00 1.00000000 0.00 B-1 0.00 7,162,000.00 1.00000000 0.00 B-2 0.00 5,172,000.00 1.00000000 0.00 B-3 0.00 6,963,000.00 1.00000000 0.00 B-4 0.00 20,291,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 C 0.00 1421,~~925~~522,~~460~~247.1578 1.~~15425448~~66441440 0.00 Totals 1417,~~228~~792,~~627~~581.1444 ~~385~~344,~~633~~573,~~033~~143.0146 0.~~96925106~~86605103 1417,~~228~~792,~~627~~581.1444

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 A 265,974,000.00 ~~1000~~834.~~00000000~~22205603 0.00000000 5366.~~49593246~~89594261 0.00000000 M-1 40,980,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 10,146,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 22,678,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 5,570,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 7,162,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,172,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 6,963,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 20,291,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 12,930,822.83 ~~1000~~1547.~~00000000~~97121058 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 R 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 A 0.00000000 5366.~~49593246~~89594261 ~~946~~767.~~50406754~~32611338 0.~~94650407~~76732611 5366.~~49593246~~89594261 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 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 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,~~154~~664.~~25447756~~41440448 1.~~15425448~~66441440 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 R 100.00 23.~~64750~~25000% ~~100~~0.00 0.2100 0.00 0.00 A 265,974,000.00 23.~~64750~~25000% ~~265~~221,~~974~~881,~~000~~377.0013 ~~547~~600,~~684~~928.8073 0.00 0.00 M-1 40,980,000.00 23.~~91750~~52000% 40,980,000.00 92120,~~990~~208.4500 0.00 0.00 M-2 10,146,000.00 23.~~96750~~57000% 10,146,000.00 2330,~~417~~184.5335 0.00 0.00 M-3 22,678,000.00 3.~~31750~~92000% 22,678,000.00 5874,~~515~~081.5447 0.00 0.00 M-4 5,570,000.00 34.~~41750~~02000% 5,570,000.00 1418,~~805~~659.3750 0.00 0.00 B-1 7,162,000.00 4.~~26750~~87000% 7,162,000.00 2329,~~771~~065.8778 0.00 0.00 B-2 5,172,000.00 4.~~36750~~97000% 5,172,000.00 1721,~~569~~420.0070 0.00 0.00 B-3 6,963,000.00 45.~~91750~~52000% 6,963,000.00 2632,~~631~~029.5480 0.00 0.00 B-4 20,291,000.00 56.~~61750~~22000% 20,291,000.00 88105,~~654~~175.7602 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 C 12,930,822.83 0.00000% 1220,~~930~~016,~~822~~541.8347 0.00 0.00 0.00 Totals 397,867,022.83 ~~894~~1,~~041~~031,753.0735 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 R 0.00 0.00 0.2100 0.00 0.00 A 0.00 0.00 ~~547~~600,~~684~~928.8073 0.00 ~~251~~204,~~745~~088,~~472~~795.8668 M-1 0.00 0.00 92120,~~990~~208.4500 0.00 40,980,000.00 M-2 0.00 0.00 2330,~~417~~184.5335 0.00 10,146,000.00 M-3 0.00 0.00 5874,~~515~~081.5447 0.00 22,678,000.00 M-4 0.00 0.00 1418,~~805~~659.3750 0.00 5,570,000.00 B-1 0.00 0.00 2329,~~771~~065.8778 0.00 7,162,000.00 B-2 0.00 0.00 1721,~~569~~420.0070 0.00 5,172,000.00 B-3 0.00 0.00 2632,~~631~~029.5480 0.00 6,963,000.00 B-4 0.00 0.00 88105,~~654~~175.7602 0.00 20,291,000.00 P 0.00 0.00 ~~246~~280,~~303~~626.1941 0.00 100.00 C 0.00 0.00 0.00 0.00 1421,~~925~~522,~~460~~247.1578 Totals 0.00 0.00 1,~~140~~312,~~344~~379.2676 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 R 100.00 23.~~64750~~25000% ~~1000~~0.00000000 20.~~10000000~~00000000 0.00000000 0.00000000 A 265,974,000.00 23.~~64750~~25000% ~~1000~~834.~~00000000~~22205603 2.~~05916669~~25935140 0.00000000 0.00000000 M-1 40,980,000.00 23.~~91750~~52000% 1000.00000000 2.~~26916667~~93333333 0.00000000 0.00000000 M-2 10,146,000.00 23.~~96750~~57000% 1000.00000000 2.~~30805539~~97500000 0.00000000 0.00000000 M-3 22,678,000.00 3.~~31750~~92000% 1000.00000000 23.~~58027780~~26666681 0.00000000 0.00000000 M-4 5,570,000.00 34.~~41750~~02000% 1000.00000000 23.~~65805566~~35000000 0.00000000 0.00000000 B-1 7,162,000.00 4.~~26750~~87000% 1000.00000000 34.~~31916643~~05833287 0.00000000 0.00000000 B-2 5,172,000.00 4.~~36750~~97000% 1000.00000000 34.~~39694509~~14166667 0.00000000 0.00000000 B-3 6,963,000.00 45.~~91750~~52000% 1000.00000000 34.~~82472210~~60000000 0.00000000 0.00000000 B-4 20,291,000.00 56.~~61750~~22000% 1000.00000000 45.~~36916663~~18333350 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 C 12,930,822.83 0.00000% ~~1000~~1547.~~00000000~~97121058 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 R 0.00000000 0.00000000 20.~~10000000~~00000000 0.00000000 0.00000000 A 0.00000000 0.00000000 2.~~05916669~~25935140 0.00000000 ~~946~~767.~~50406754~~32611338 M-1 0.00000000 0.00000000 2.~~26916667~~93333333 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~30805539~~97500000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 23.~~58027780~~26666681 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 23.~~65805566~~35000000 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 34.~~31916643~~05833287 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 34.~~39694509~~14166667 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 34.~~82472210~~60000000 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 45.~~36916663~~18333350 0.00000000 1000.00000000 P 0.00000000 0.00000000 ~~2463031~~2806264.~~90000000~~10000000 0.00000000 1000.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 ~~1154~~1664.~~25447756~~41440448 (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 1519,~~187~~039,~~512~~762.4700 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~104~~50,~~249~~903.2369 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(71,181.0008) Prepayment Penalties ~~246~~280,~~303~~626.1941 Total Deposits 1519,~~538~~300,~~064~~111.8902 Withdrawals Reimbursement for Servicer Advances 041,784.0031 Payment of Service Fee ~~169~~153,~~093~~365.4951 Payment of Interest and Principal 1519,~~368~~104,~~971~~961.4020 Total Withdrawals (Pool Distribution Amount) 1519,~~538~~300,~~064~~111.8902 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~165~~150,~~777~~358.9334 Securities Administrator Fee 3,~~315~~007.5617 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~169~~153,~~093~~365.4951

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 028 0 0 028 01,002,748.0032 0.00 0.00 01,002,748.0032 30 Days 4562 01 0 0 4563 12,~~813~~889,~~285~~646.8684 059,746.0043 0.00 0.00 12,~~813~~949,~~285~~393.8627 60 Days 2022 34 0 0 2326 ~~793~~906,~~559~~951.6113 ~~159~~121,~~922~~515.0940 0.00 0.00 ~~953~~1,~~481~~028,466.7053 90 Days 018 03 02 0 023 0752,571.0032 066,202.0013 0216,262.0045 0.00 01,035,035.0090 120 Days 03 06 02 0 011 086,460.0030 0261,970.0051 039,984.0088 0.00 0388,415.0069 150 Days 02 02 01 0 05 0100,349.0038 094,335.0072 043,487.0002 0.00 0238,172.0012 180+ Days 03 01 0 0 04 0244,913.0040 065,871.0097 0.00 0.00 0310,785.0037 Totals 65110 345 05 0 68160 24,~~606~~980,~~845~~892.4737 ~~159~~1,~~922~~672,390.0948 0299,734.0035 0.00 26,~~766~~953,~~767~~017.5620 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~~394144% 0.000000% 0.000000% 0.~~000000~~394144% 0.~~000000~~290860% 0.000000% 0.000000% 0.~~000000~~290860% 30 Days 0.~~574346~~872748% 0.~~000000~~014077% 0.000000% 0.000000% 0.~~574346~~886824% 0.~~469988~~838178% 0.~~000000~~017330% 0.000000% 0.000000% 0.~~469988~~855508% 60 Days 0.~~255265~~309685% 0.~~038290~~056306% 0.000000% 0.000000% 0.~~293555~~365991% 0.~~205684~~263072% 0.~~041450~~035247% 0.000000% 0.000000% 0.~~247134~~298319% 90 Days 0.~~000000~~253378% 0.~~000000~~042230% 0.~~000000~~028153% 0.000000% 0.~~000000~~323761% 0.~~000000~~218293% 0.~~000000~~019203% 0.~~000000~~062730% 0.000000% 0.~~000000~~300225% 120 Days 0.~~000000~~042230% 0.~~000000~~084459% 0.~~000000~~028153% 0.000000% 0.~~000000~~154842% 0.~~000000~~025079% 0.~~000000~~075988% 0.~~000000~~011598% 0.000000% 0.~~000000~~112665% 150 Days 0.~~000000~~028153% 0.~~000000~~028153% 0.~~000000~~014077% 0.000000% 0.~~000000~~070383% 0.~~000000~~029108% 0.~~000000~~027363% 0.~~000000~~012614% 0.000000% 0.~~000000~~069085% 180+ Days 0.~~000000~~042230% 0.~~000000~~014077% 0.000000% 0.000000% 0.~~000000~~056306% 0.~~000000~~071040% 0.~~000000~~019107% 0.000000% 0.000000% 0.~~000000~~090147% Totals 01.~~829611~~548423% 0.~~038290~~633446% 0.~~000000~~070383% 0.000000% 02.~~867900~~252252% 01.~~675671~~444770% 0.~~041450~~485098% 0.~~000000~~086942% 0.000000% 02.~~717122~~016809%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~104~~50,~~249~~903.2369

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 9.~~223820~~192909% Weighted Average Net Coupon 8.~~723820~~692909% Weighted Average Pass-Through Rate 8.~~712495~~682909% Weighted Average Maturity(Stepdown Calculation ) ~~359~~355 Beginning Scheduled Collateral Loan Count 87,~~048~~389 Number Of Loans Paid In Full ~~213~~285 Ending Scheduled Collateral Loan Count 7,~~835~~104 Beginning Scheduled Collateral Balance ~~397~~360,~~867~~860,~~022~~018.8360 Ending Scheduled Collateral Balance ~~385~~344,~~633~~573,~~033~~143.0146 Ending Actual Collateral Balance at 3129-~~Dec~~Apr-~~2004~~2005 ~~385~~344,~~815~~753,~~541~~417.1914 Monthly P &I Constant 3,~~306~~000,~~985~~357.1441 Special Servicing Fee 0.00 Prepayment Penalties ~~246~~280,~~303~~626.1941 Realized Loss Amount 071,181.0008 Cumulative Realized Loss 0254,260.0018 Scheduled Principal ~~248~~235,~~773~~896.5727 Unscheduled Principal 1116,~~985~~050,~~216~~978.2587

Miscellaneous Reporting # of loans with PPP ~~170~~209 Trigger Event in Effect NO Extra PDA 1,~~994~~573,~~637~~257.5208 Cumulative PPP ~~246~~1,~~303~~019,402.1916 Repurchase Amount ~~19,675~~0.0800

Filing Compare · MERRILL LYNCH MORTGAGE INVESTORS, INC. SERIES 2004-FFC