Outside Parties To The Transaction

Contact Information:

Payment Date:

25-Oct-07

Prior Payment:

25-Sep-07

Analyst:

Kalan Jablonski

714.259.6240

Next Payment:

26-Nov-07

kalan.jablonski@abnamro.com

Record Date:

28-Sep-07

Administrator:

John Chozen

312.992.1816

john.chozen@abnamro.com

Distribution Count:

LaSalle Website:

www.etrustee.net

Closing Date:

27-Mar-07

First Pay. Date:

25-Apr-07

Rated Final Payment Date:

27-Apr-37

Effective October 1, 2007, Bank of America Corporation, parent

Determination Date:

15-Oct-07

corporation of Bank of America, N.A. ("Bank of America") and Banc
of America Securities LLC ("BAS"), has acquired ABN AMRO North

Delinq Method:

OTS

America Holding Company, parent company of LaSalle Bank Corporation
and LaSalle Bank National Association ("LaSalle"), from ABN AMRO
Bank N.V. (the "Acquisition").

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

ABN AMRO Acct : 724570.1

Issuer: Merrill Lynch Mortgage Investors, Inc.

Underwriter: Merrill Lynch & Company- Asset Backed Sec. Group

Master Servicer: Home Loan Services

Rating Agency: Standard & Poor's Rating Services/Moody's Investors
Service

23-Oct-2007 12:27

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Content:

Pages

Statement to Certificate Holders

Statement to Certificate Holders (Factors)

Pool/Non-Pool Funds Cash Reconciliation

Cash Reconciliation Summary

6-7

Pool Detail and Performance Indicators

8-10

Bond Interest Reconciliation Part I

Bond Interest Reconciliation Part II

Bond Principal Reconciliation

Rating Information

15 Month Loan Status Summary Part I

15-21

15 Month Loan Status Summary Part II

22-28

15 Month Historical Payoff Summary

29-31

Prepayment Premium Loan Detail

Prepayment Summary

Historical Collateral Level REO Report

34-36

Mortgage Loan Characteristics Part I

Mortgage Loan Characteristics Part II

38-40

Geographic Concentration

Current Period Realized Loss Detail

Historical Realized Loss Summary

43-45

Realized Loss Summary

Servicemembers Civil Relief Act

Material Breaches Detail

Modified Loan Detail (Historical)

Collateral Asset Changes

Substitution Detail History

Substitution Detail History Summary

Table of Contents

23-Oct-2007 12:27

A-1

59023LAA0

725,544,000.00

686,507,257.37

4,287,105.56

0.00

682,220,151.80

3,015,626.15

0.00

5.2712500000%

A-2A

59023LAB8

477,254,000.00

404,364,042.39

7,632,657.00

0.00

396,731,385.39

1,769,513.90

0.00

5.2512500000%

A-2B

59023LAC6

234,066,000.00

0.00

234,066,000.00

1,034,035.32

0.00

5.3012500000%

A-2C

59023LAD4

296,970,000.00

0.00

296,970,000.00

1,331,724.84

0.00

5.3812500000%

A-2D

59023LAE2

130,878,000.00

0.00

130,878,000.00

596,721.88

0.00

5.4712500000%

M-1

59023LAF9

77,091,000.00

0.00

77,091,000.00

354,056.48

0.00

5.5112500000%

M-2

59023LAG7

60,332,000.00

0.00

60,332,000.00

283,120.48

0.00

5.6312500000%

M-3

59023LAH5

36,870,000.00

0.00

36,870,000.00

179,165.16

0.00

5.8312500000%

M-4

59023LAJ1

32,400,000.00

0.00

32,400,000.00

172,293.75

0.00

6.3812500000%

M-5

59023LAK8

31,283,000.00

0.00

31,283,000.00

168,960.79

0.00

6.4812500000%

M-6

59023LAL6

21,228,000.00

0.00

21,228,000.00

117,306.81

0.00

6.6312500000%

B-1

59023LAM4

22,345,000.00

0.00

22,345,000.00

129,996.69

0.00

6.9812500000%

B-2

59023LAN2

12,289,000.00

0.00

12,289,000.00

71,493.82

0.00

6.9812500000%

B-3

59023LAP7

26,814,000.00

0.00

26,814,000.00

155,996.03

0.00

6.9812500000%

59023LAR3

2,234,527,127.08 N

2,122,596,896.76

0.00

2,110,677,134.20

3,903,812.34

108,630.46

N/A

59023LAQ5

0.00

76,380.21

N/A

59023LAS1

100.00

0.00

N/A

Total

2,185,364,100.00

2,073,437,299.76

11,919,762.56

0.00

2,061,517,537.20

13,360,204.65

185,010.67

Total P&I Payment

25,279,967.21

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Original Face

Value

(1)

Beginning

Certificate

Balance

Distribution Date: 25-Oct-07

Bond Payments Tier

Interest Payment

(2)

Interest

Adjustment

Pass-Through

Rate

(1)

N denotes notional balance not included in total

(2)

Accrued Interest plus/minus Interest Adjustment minus Deferred Interest equals Interest Payment

Principal Payment

Principal

Adjustment or

Loss

Deferred

Interest

Ending Certificate

Balance

Class

CUSIP

Page 3 of 52

23-Oct-2007 12:24

A-1

59023LAA0

725,544,000.00

946.196588169

5.908815399

0.000000000

940.287772767

4.156365637

0.000000000

5.01250000%

A-2A

59023LAB8

477,254,000.00

847.272191314

15.992861244

0.000000000

831.279330072

3.707698416

0.000000000

4.99250000%

A-2B

59023LAC6

234,066,000.00

1000.000000000

0.000000000

1000.000000000

4.417708339

0.000000000

5.04250000%

A-2C

59023LAD4

296,970,000.00

1000.000000000

0.000000000

1000.000000000

4.484374987

0.000000000

5.12250000%

A-2D

59023LAE2

130,878,000.00

1000.000000000

0.000000000

1000.000000000

4.559374990

0.000000000

5.21250000%

M-1

59023LAF9

77,091,000.00

1000.000000000

0.000000000

1000.000000000

4.592708358

0.000000000

5.25250000%

M-2

59023LAG7

60,332,000.00

1000.000000000

0.000000000

1000.000000000

4.692708347

0.000000000

5.37250000%

M-3

59023LAH5

36,870,000.00

1000.000000000

0.000000000

1000.000000000

4.859375102

0.000000000

5.57250000%

M-4

59023LAJ1

32,400,000.00

1000.000000000

0.000000000

1000.000000000

5.317708333

0.000000000

6.12250000%

M-5

59023LAK8

31,283,000.00

1000.000000000

0.000000000

1000.000000000

5.401041780

0.000000000

6.22250000%

M-6

59023LAL6

21,228,000.00

1000.000000000

0.000000000

1000.000000000

5.526041549

0.000000000

6.37250000%

B-1

59023LAM4

22,345,000.00

1000.000000000

0.000000000

1000.000000000

5.817708212

0.000000000

6.72250000%

B-2

59023LAN2

12,289,000.00

1000.000000000

0.000000000

1000.000000000

5.817708520

0.000000000

6.72250000%

B-3

59023LAP7

26,814,000.00

1000.000000000

0.000000000

1000.000000000

5.817708287

0.000000000

6.72250000%

59023LAR3

2,234,527,127.08 N

949.908761919

0.000000000

944.574406200

1.747041820

0.048614518

N/A

59023LAQ5

0.00

0.000000000

N/A

59023LAS1

100.00

0.000000000

N/A

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Deferred Interest *

Ending Certificate

Balance *

Interest Payment *

Distribution Date: 25-Oct-07

Statement to Certificate Holders (FACTORS)

Interest Adjustment*

Next Rate **

* Per $1,000 of Original Face Value ** Estimated

Bond Payments Tier

Class

CUSIP

Original Face Value

Beginning Certificate

Balance *

Principal Payment

Principal

Adjustment or

Loss

Page 4 of 52

23-Oct-2007 12:24

Interest Summary

Principal Summary

Supplemental Interest Trust

Interest Summary

Principal Summary

Net Swap Payments received

469,242.54

Scheduled Interest

14,059,585.22

Scheduled Prin Distribution

701,608.22

Net Swap Payments paid

0.00

Fees

884,390.86

Curtailments

56,878.41

Remittance Interest

13,175,194.36

Prepayments in Full

10,436,991.55

Swap Termination Payments received

0.00

Other Interest Proceeds/Shortfalls

Liquidation Proceeds

365,491.79

Swap Termination Payments paid

0.00

Prepayment Penalties

76,380.21

Repurchase Proceeds

0.00

Other Interest Loss

0.00

Other Principal Proceeds

(550.60)

Defaulted Swap Termination Payments

0.00

Other Interest Proceeds

0.00

Remittance Principal

11,560,419.37

Non-advancing Interest

0.00

Non-Supported Interest Shortfall

0.00

Cap Contract Payment

0.00

Relief Act Shortfall

(1,269.14)

Modification Shortfall

0.00

Corridor Contracts

Other Interest Proceeds/Shortfalls

75,111.07

Interest Adjusted

13,250,305.43

Class A-1 Certificates

0.00

Fee Summary

Class A-2 Certificates

0.00

Total Servicing Fees

884,390.86

Subordinate Certificates

0.00

Total Trustee Fees

0.00

Class C Certificates

0.00

LPMI Fees

0.00

Credit Manager's Fees

0.00

Unpaid Serv Fees (Charged-off Loans)

0.00

Misc. Fees / Trust Expense

0.00

Insurance Premium

0.00

Total Fees

884,390.86

Advances (Principal & Interest)

Prior Month's Outstanding Advances

N/A

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

N/A

P&I Due Certificate Holders

25,279,967.34

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Pool Source of Funds

Non-Pool Source of Funds

P&I Advances as of the end of the Due Period do not reflect the amount of advances remitted by the Servicer on the Servicer Remittance Date due to additional proceeds received between the end of the Due Period and the Servicer Remittance Date and netted from the
P&I Advances stated as of the end of the Due Period.

Distribution Date: 25-Oct-07

Cash Reconciliation Summary

Page 5 of 52

23-Oct-2007 12:24

Group 1 Fixed

Group 1 ARMS

Total

Interest Summary

Scheduled Interest

1,222,386.29

4,313,764.91

5,536,151.20

Fees

73,387.87

272,611.48

345,999.35

Remittance Interest

1,148,998.42

4,041,153.43

5,190,151.85

Other Interest Proceeds/Shortfalls

Prepayment Penalties

1,280.00

27,348.86

28,628.86

Other Interest Loss

0.00

Other Interest Proceeds

0.00

Non-advancing Interest

0.00

Net PPIS/Relief Act Shortfall

0.00

(315.64)

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

1,280.00

27,033.22

28,313.22

Interest Adjusted

1,150,278.42

4,068,186.65

5,218,465.07

Principal Summary

Scheduled Principal Distribution

101,226.23

198,147.81

299,374.04

Curtailments

10,085.14

12,133.66

22,218.80

Prepayments in Full

804,813.89

3,031,456.14

3,836,270.03

Liquidation Proceeds

0.00

Repurchase Proceeds

0.00

Other Principal Proceeds

0.00

Less Mod Losses

0.00

Remittance Principal

916,125.26

3,241,737.61

4,157,862.87

Fee Summary

Total Servicing Fees

73,387.87

272,611.48

345,999.35

Total Trustee Fees

0.00

LPMI Fees

0.00

Misc. Fees

0.00

Total Fees

73,387.87

272,611.48

345,999.35

Beginning Principal Balance

176,130,599.16

654,267,841.95

830,398,441.11

Ending Principal Balance

175,214,473.90

651,026,104.34

826,240,578.24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Cash Reconciliation Summary Group 1

Page 6 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Group 2 Fixed

Group 2 ARMS

Total

Interest Summary

Scheduled Interest

1,843,049.86

6,680,384.16

8,523,434.02

Fees

105,709.22

432,682.29

538,391.51

Remittance Interest

1,737,340.64

6,247,701.87

7,985,042.51

Other Interest Proceeds/Shortfalls

Prepayment Penalties

7,368.37

40,382.98

47,751.35

Other Interest Loss

0.00

Other Interest Proceeds

0.00

Non-advancing Interest

0.00

Net PPIS/Relief Act Shortfall

0.00

(953.50)

Modification Shortfall

0.00

Other Interest Proceeds/Shortfalls

7,368.37

39,429.48

46,797.85

Interest Adjusted

1,744,709.01

6,287,131.35

8,031,840.36

Principal Summary

Scheduled Principal Distribution

141,865.99

260,368.19

402,234.18

Curtailments

12,243.50

22,416.11

34,659.61

Prepayments in Full

565,266.97

6,035,454.55

6,600,721.52

Liquidation Proceeds

(4,792.52)

370,284.31

365,491.79

Repurchase Proceeds

0.00

Other Principal Proceeds

(300.60)

(250.00)

(550.60)

Less Mod Losses

0.00

Remittance Principal

714,283.34

6,688,273.16

7,402,556.50

Fee Summary

Total Servicing Fees

105,709.22

432,682.29

538,391.51

Total Trustee Fees

0.00

LPMI Fees

0.00

Misc. Fees

0.00

Total Fees

105,709.22

432,682.29

538,391.51

Beginning Principal Balance

253,762,051.63

1,038,436,404.02

1,292,198,455.65

Ending Principal Balance

252,997,854.82

1,031,438,701.14

1,284,436,555.96

Cash Reconciliation Summary Group 2

Page 7 of 52

23-Oct-2007 12:24

Pool Detail

Performance Indicators

Factors Impacting Principal Payment Rules

WA Rates/Life

Historical

Amount

Count

Delinquency Levels

Num

Den

Fixed

Adj

Overall

Cut-off Pool Balance

2,234,527,127.08

10,755

3 mo. Rolling Average

159,978,871

2,122,388,059

7.55%

WAC - Remit Current

8.06%

7.29%

7.45%

Cum Scheduled Principal

4,907,115.46

6 mo. Rolling Average

96,810,580

2,153,035,792

4.55%

WAC - Remit Original

8.08%

7.31%

7.46%

Cum Unscheduled Principal

118,218,593.04

12 mo. Rolling Average

83,361,590

2,163,651,226

3.92%

WAC - Current

8.56%

7.79%

7.95%

Cum Liquidations

724,284.38

Loss Levels

Amount

Count

WAC - Original

8.58%

7.81%

7.96%

Cum Repurchases

22,979,116.10

3 mo. Cum Loss

359,343.19

WAL - Current

345.49

352.28

350.90

6 mo. Cum loss

359,343.19

WAL - Original

351.45

358.28

356.93

Current

Amount

Count

12 mo. Cum Loss

359,343.19

Beginning Pool

2,122,596,896.76

10,366

94.99%

Current Index Rate

Scheduled Principal

701,608.22

0.03%

Triggers

Next Index Rate

Unscheduled Principal

10,493,869.96

0.47%

Liquidations

724,284.38

0.03%

> Delinquency Trigger Event

(2)

YES

Prepayment Charges

Repurchases

0.00

0.00%

Delinquency Event Calc

(1)

159,978,870.51

2,122,388,059

7.55%

Amount

Count

Ending Pool

2,110,677,134.20

10,316

94.46%

Current

> Loss Trigger Event?

(3)

Cumulative

Ending Actual Balance

2,111,572,636.66

Cumulative Loss

358,793

0.02%

Average Loan Balance

204,602.28

> Overall Trigger Event?

YES

Pool Composition

Current Loss Detail

Amount

Step Down Date

Liquidation

724,284.38

Distribution Count

Properties

%/Score

Realized Loss

358,792.59

Required Percentage

(4)

17.50%

Cut-off LTV

91.93%

Realized Loss Adjustment

550.60

Step Down %

(5)

66.90%

Cash Out/Refinance

40.34%

Net Liquidation

364,941.19

% of Required Percentage

(6)

42.00%

SFR

69.30%

Credit Enhancement

Amount

> Step Down Date?

Min

Max

W A

Original OC

49,163,027.08

2.20%

Extra Principal

359,343.19

FICO

540

819

651.50

Target OC

49,159,596.80

2.20%

Cumulative Extra Principal

359,343.19

Beginning OC

49,159,597.00

OC Release

0.00

Ending OC

49,159,597.00

Most Senior Certificates

1,752,785,299.76

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Pool Detail and Performance Indicators Total (All Loans)

Misc/Additional Information

Pool Level Information

5.131250%

4.872500%

152,760.42

963,538.58

Balance

1,955,756,563.05

858,206,661.45

1,474,227,044.35

Owner Occupied

2,055,614,403.99

96.63%

Legend: (1) 60 Days+, REO, BK, F/C % (3) Condn: Cum Loss > specified thresholds (5) Defined Benchmark
(2) (1) > (6) * (4), then TRUE (4) (Ending Pool Bal - Most Senior Certs) / Ending Pool Bal (6) Defined Benchmark (Used in Delinq Event Calc)
Note: Delinquency and Loss Event Triggers may be flagged as "Yes" prior to the Step Down Date on account of the percentage thresholds being breached.

Page 8 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Pool Detail

Performance Indicators

Factors Impacting Principal Payment Rules

WA Rates/Life

Historical

Amount

Count

Delinquency Levels

Num

Den

Fixed

Adj

Overall

Cut-off Pool Balance

869,436,991.00

4,357

3 mo. Rolling Average

46,938,811

830,556,197

5.66%

WAC - Remit Current

7.83%

7.41%

7.50%

Cum Scheduled Principal

2,094,601.62

6 mo. Rolling Average

28,929,213

840,838,918

3.47%

WAC - Remit Original

7.86%

7.42%

7.51%

Cum Unscheduled Principal

41,101,811.14

12 mo. Rolling Average

24,857,809

844,413,593

2.99%

WAC - Current

8.33%

7.91%

8.00%

Cum Liquidations

0.00

Loss Levels

Amount

Count

WAC - Original

8.36%

7.92%

8.01%

Cum Repurchases

7,694,528.85

3 mo. Cum Loss

0.00

WAL - Current

344.86

352.30

350.72

6 mo. Cum loss

0.00

WAL - Original

350.88

358.30

356.75

Current

Amount

Count

12 mo. Cum Loss

0.00

Beginning Pool

830,398,441.11

4,201

95.51%

Scheduled Principal

299,374.04

0.03%

Unscheduled Principal

3,858,488.83

0.44%

Liquidations

0.00

0.00%

Prepayment Charges

Repurchases

0.00

0.00%

Amount

Count

Ending Pool

826,240,578.24

4,181

95.03%

Current

Cumulative

Ending Actual Balance

826,609,357.04

Average Loan Balance

197,617.93

Pool Composition

Current Loss Detail

Amount

Liquidation

0.00

Properties

%/Score

Realized Loss

0.00

Cut-off LTV

88.89%

Realized Loss Adjustment

0.00

Cash Out/Refinance

63.04%

Net Liquidation

0.00

SFR

71.06%

Min

Max

W A

FICO

540

813

645.02

Pool Detail and Performance Indicators Group 1

96.65%

524,742,900.73

591,500,027.87

Owner Occupied

804,499,715.81

28,628.86

194,394.25

Balance

739,881,930.99

Misc/Additional Information

Pool Level Information

Page 9 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Pool Detail

Performance Indicators

Factors Impacting Principal Payment Rules

WA Rates/Life

Historical

Amount

Count

Delinquency Levels

Num

Den

Fixed

Adj

Overall

Cut-off Pool Balance

1,365,090,136.08

6,398

3 mo. Rolling Average

113,040,060

1,291,831,863

8.76%

WAC - Remit Current

8.22%

7.22%

7.42%

Cum Scheduled Principal

2,812,513.84

6 mo. Rolling Average

67,881,366

1,312,196,874

5.24%

WAC - Remit Original

8.24%

7.24%

7.43%

Cum Unscheduled Principal

77,116,781.90

12 mo. Rolling Average

58,503,781

1,319,237,633

4.51%

WAC - Current

8.72%

7.72%

7.92%

Cum Liquidations

724,284.38

Loss Levels

Amount

Count

WAC - Original

8.74%

7.74%

7.93%

Cum Repurchases

15,284,587.25

3 mo. Cum Loss

359,343.19

WAL - Current

345.92

352.27

351.02

6 mo. Cum loss

359,343.19

WAL - Original

351.84

358.27

357.04

Current

Amount

Count

12 mo. Cum Loss

359,343.19

Beginning Pool

1,292,198,455.65

6,165

94.66%

Scheduled Principal

402,234.18

0.03%

Unscheduled Principal

6,635,381.13

0.49%

Liquidations

724,284.38

0.05%

Prepayment Charges

Repurchases

0.00

0.00%

Amount

Count

Ending Pool

1,284,436,555.96

6,135

94.09%

Current

Cumulative

Ending Actual Balance

1,284,963,279.62

Average Loan Balance

209,362.11

Pool Composition

Current Loss Detail

Amount

Liquidation

724,284.38

Properties

%/Score

Realized Loss

358,792.59

Cut-off LTV

93.89%

Realized Loss Adjustment

550.60

Cash Out/Refinance

25.75%

Net Liquidation

364,941.19

SFR

68.16%

Min

Max

W A

FICO

540

819

655.66

1,215,874,632.06

96.61%

333,463,760.72

882,727,016.48

Owner Occupied

1,251,114,688.18

47,751.35

287,375.04

Balance

Pool Detail and Performance Indicators Group 2

Misc/Additional Information

Pool Level Information

Page 10 of 52

23-Oct-2007 12:24

A-1

Act/360

686,507,257.37

5.271250000%

3,015,626.15

0.00

3,015,626.15

0.00

A-2A

Act/360

404,364,042.39

5.251250000%

1,769,513.90

0.00

1,769,513.90

0.00

A-2B

Act/360

234,066,000.00

5.301250000%

1,034,035.32

0.00

1,034,035.32

0.00

A-2C

Act/360

296,970,000.00

5.381250000%

1,331,724.84

0.00

1,331,724.84

0.00

A-2D

Act/360

130,878,000.00

5.471250000%

596,721.88

0.00

596,721.88

0.00

M-1

Act/360

77,091,000.00

5.511250000%

354,056.48

0.00

354,056.48

0.00

M-2

Act/360

60,332,000.00

5.631250000%

283,120.48

0.00

283,120.48

0.00

M-3

Act/360

36,870,000.00

5.831250000%

179,165.16

0.00

179,165.16

0.00

M-4

Act/360

32,400,000.00

6.381250000%

172,293.75

0.00

172,293.75

0.00

M-5

Act/360

31,283,000.00

6.481250000%

168,960.79

0.00

168,960.79

0.00

M-6

Act/360

21,228,000.00

6.631250000%

117,306.81

0.00

117,306.81

0.00

B-1

Act/360

22,345,000.00

6.981250000%

129,996.69

0.00

129,996.69

0.00

B-2

Act/360

12,289,000.00

6.981250000%

71,493.82

0.00

71,493.82

0.00

B-3

Act/360

26,814,000.00

6.981250000%

155,996.03

0.00

155,996.03

0.00

2,122,596,896.76

N/A

3,795,181.88

469,242.53

0.00

3,903,812.34

0.00

N/A

0.00

N/A

0.00

76,380.21

0.00

76,380.21

0.00

N/A

Act/360

0.00

5.271250000%

0.00

N/A

Total

2,073,437,299.76

13,175,193.98

545,622.74

0.00

13,360,204.65

0.00

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Bond Interest Reconciliation

- - A c c r u a l - -

- - - - - - R e c o v e r e d - - - - - -

- - - - - O u t s t a n d i n g - - - -

Class

Method

Days

Opening Balance

Pass-Thru Rate

Accrual

Certificate

Interest

Total Interest

Additions

Floating Rate

Certficate Carry-

Over

Interest Carry-

Forward Amount

Floating Rate

Certficate Carry-

Over

Net Cap

Rate in

Effect Y/N

Total Interest

Deductions

Distributable

Certificate Interest

Interest Payment

Amount

Interest Carry-

Forward Amount

Page 11 of 52

23-Oct-2007 12:24

A-1

28-Sep-07

25-Sep-07

25-Oct-07

3,015,626.15

0.00

A-2A

28-Sep-07

25-Sep-07

25-Oct-07

1,769,513.90

0.00

A-2B

28-Sep-07

25-Sep-07

25-Oct-07

1,034,035.32

0.00

A-2C

28-Sep-07

25-Sep-07

25-Oct-07

1,331,724.84

0.00

A-2D

28-Sep-07

25-Sep-07

25-Oct-07

596,721.88

0.00

M-1

28-Sep-07

25-Sep-07

25-Oct-07

354,056.48

0.00

M-2

28-Sep-07

25-Sep-07

25-Oct-07

283,120.48

0.00

M-3

28-Sep-07

25-Sep-07

25-Oct-07

179,165.16

0.00

M-4

28-Sep-07

25-Sep-07

25-Oct-07

172,293.75

0.00

M-5

28-Sep-07

25-Sep-07

25-Oct-07

168,960.79

0.00

M-6

28-Sep-07

25-Sep-07

25-Oct-07

117,306.81

0.00

B-1

28-Sep-07

25-Sep-07

25-Oct-07

129,996.69

0.00

B-2

28-Sep-07

25-Sep-07

25-Oct-07

71,493.82

0.00

B-3

28-Sep-07

25-Sep-07

25-Oct-07

155,996.03

0.00

28-Sep-07

1-Sep-07

1-Oct-07

3,795,181.88

0.00

469,242.53

0.00

28-Sep-07

1-Sep-07

1-Oct-07

0.00

76,380.21

0.00

28-Sep-07

25-Sep-07

25-Oct-07

0.00

Total

13,175,193.98

0.00

76,380.21

0.00

469,242.53

0.00

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Bond Interest Reconciliation - Part II

- - - - - - - R E M I C - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - N o n - R E M I C - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - D e d u c t i o n s - - - - - - - - - -

Class

Record Date

Prior Interest

Due Date

Current Interest

Due Date

Accrual

Certificate

Interest

Interest Carry-

Forward

Supplemental

Interest Trust

Non-Supported

Interest Shortfall

Interest Carry-

Forward

(2)

Floating Rate

Cartificate Carry-

Over

(1)

Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

(2)

Interest Carry-Forward Shortfall is unpaid interest with interest thereon.

Payments From

Cap Contracts

Prepayment

Premiums

Floating Rate

Cartificate Carry-

Over

Other Interest

Proceeds

(1)

Page 12 of 52

23-Oct-2007 12:24

A-1

725,544,000.00

686,507,257.37

299,374.04

3,729,246.14

129,242.69

0.00

682,220,151.80

27-Apr-37

16.55%

17.52%

A-2A

477,254,000.00

404,364,042.39

402,234.18

6,770,221.82

230,100.50

0.00

396,731,385.39

27-Apr-37

16.55%

17.52%

A-2B

234,066,000.00

0.00

234,066,000.00

27-Apr-37

16.55%

17.52%

A-2C

296,970,000.00

0.00

296,970,000.00

27-Apr-37

16.55%

17.52%

A-2D

130,878,000.00

0.00

130,878,000.00

27-Apr-37

16.55%

17.52%

M-1

77,091,000.00

0.00

77,091,000.00

27-Apr-37

13.10%

13.87%

M-2

60,332,000.00

0.00

60,332,000.00

27-Apr-37

10.40%

11.01%

M-3

36,870,000.00

0.00

36,870,000.00

27-Apr-37

8.75%

9.26%

M-4

32,400,000.00

0.00

32,400,000.00

27-Apr-37

7.30%

7.73%

M-5

31,283,000.00

0.00

31,283,000.00

27-Apr-37

5.90%

6.25%

M-6

21,228,000.00

0.00

21,228,000.00

27-Apr-37

4.95%

5.24%

B-1

22,345,000.00

0.00

22,345,000.00

27-Apr-37

3.95%

4.18%

B-2

12,289,000.00

0.00

12,289,000.00

27-Apr-37

3.40%

3.60%

B-3

26,814,000.00

0.00

26,814,000.00

27-Apr-37

2.20%

2.33%

2,234,527,127.08

2,122,596,896.76

0.00

2,110,677,134.20

27-Apr-37

N/A

0.00

27-Apr-37

N/A

100.00

0.00

27-Apr-37

N/A

Total

2,185,364,100.00

2,073,437,299.76

701,608.22

10,499,467.96

359,343.19

0.00

2,061,517,537.20

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Bond Principal Reconciliation

- - - - - - - - - - - - - - - - L o s s e s - - - - - - - - - - - - - - -

- Credit Support -

Class

Original Class

Balance

Beginning Class

Balance

Scheduled Principal

Payment

Unscheduled

Principal

Payment

Extra

Principal

Payment

Prior

Loss

Reimburs.

Rated

Final

Maturity

Original

Current

Losses

Cumulative

Losses

Interest on

Losses

Ending

Class Balance

Page 13 of 52

23-Oct-2007 12:24

Class

CUSIP

Fitch

Moody's

DBRS

S&P

A-1

59023LAA0

Aaa

AAA

A-2A

59023LAB8

Aaa

AAA

A-2B

59023LAC6

Aaa

AAA

A-2C

59023LAD4

Aaa

AAA

A-2D

59023LAE2

Aaa

AAA

M-1

59023LAF9

Aa1

AA+

M-2

59023LAG7

Aa2

M-3

59023LAH5

Aa3

AA-

M-4

59023LAJ1

A+

M-5

59023LAK8

M-6

59023LAL6

A-

B-1

59023LAM4

Baa1

BBB+

B-2

59023LAN2

Baa2

BBB

B-3

59023LAP7

Baa3

BBB-

59023LAR3

59023LAQ5

59023LAS1

AAA

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Ratings Information

NR - Designates that the class was not rated by the rating agency.

(1)

Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to LaSalle within 30 days of the payment

date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on this report, LaSalle recommends that investors obtain current rating
information directly from the rating agency.

- - - - - - - - - - - - O r i g i n a l R a t i n g s - - - - - - - - - -

- - - - - - - - - - - - - - - - R a t i n g s C h a n g e / C h a n g e D a t e

(1)

- - - - - - - - - - - - - - - -

Fitch

Moody's

DBRS

S&P

Page 14 of 52

23-Oct-2007 12:24

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Oct-07

9,161

1,805,177,657

446

94,673,664

220

59,471,614

8,770,052

5,942,763

396

130,746,668

5,894,717

25-Sep-07

9,507

1,885,324,498

350

82,135,009

164

47,640,656

13,245,447

4,698,578

268

89,552,710

27-Aug-07

9,727

1,943,888,539

320

76,028,200

189

55,324,621

5,276,064

3,925,210

143

49,447,514

25-Jul-07

10,021

2,018,216,379

262

70,031,513

117

39,391,854

2,632,525

2,282,333

23,782,845

25-Jun-07

10,317

2,101,622,922

192

56,152,759

23,195,821

1,027,422

1,522,663

3,781,785

25-May-07

10,557

2,174,676,770

29,423,367

2,393,493

916,125

25-Apr-07

10,617

2,194,884,962

101

29,791,218

2,393,722

273,931

25-Oct-07

88.80%

85.53%

4.32%

4.49%

2.13%

2.82%

0.39%

0.42%

0.30%

0.28%

3.84%

6.19%

0.21%

0.28%

25-Sep-07

91.71%

88.82%

3.38%

3.87%

1.58%

2.24%

0.50%

0.62%

0.24%

0.22%

2.59%

4.22%

0.00%

27-Aug-07

93.38%

91.10%

3.07%

3.56%

1.81%

2.59%

0.18%

0.25%

0.18%

1.37%

2.32%

0.00%

25-Jul-07

95.50%

93.59%

2.50%

3.25%

1.12%

1.83%

0.09%

0.12%

0.10%

0.11%

0.70%

1.10%

0.00%

25-Jun-07

97.32%

96.08%

1.81%

2.57%

0.69%

1.06%

0.02%

0.05%

0.08%

0.07%

0.08%

0.17%

0.00%

25-May-07

98.99%

98.52%

0.92%

1.33%

0.04%

0.11%

0.00%

0.06%

0.04%

0.00%

25-Apr-07

99.00%

98.54%

0.94%

1.34%

0.04%

0.11%

0.00%

0.02%

0.01%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Total (All Loans)

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Page 15 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Oct-07

3,752

729,056,513

169

34,513,598

19,935,096

4,184,284

2,385,370

129

34,227,406

1,938,312

25-Sep-07

3,886

757,881,136

137

28,603,838

12,718,416

3,699,720

2,034,839

25,460,492

27-Aug-07

3,973

777,154,816

114

23,642,256

16,313,105

2,296,928

1,784,138

13,838,327

25-Jul-07

4,071

797,426,528

22,323,396

9,927,383

796,693

948,584

8,792,039

25-Jun-07

4,190

825,639,625

16,409,363

9,745,654

279,422

610,864

697,870

25-May-07

4,276

847,839,193

10,967,970

279,539

680,799

25-Apr-07

4,301

854,565,215

10,867,042

279,656

149,731

25-Oct-07

89.74%

88.24%

4.04%

4.18%

2.18%

2.41%

0.43%

0.51%

0.33%

0.29%

3.09%

4.14%

0.19%

0.23%

25-Sep-07

92.50%

91.27%

3.26%

3.44%

1.29%

1.53%

0.43%

0.45%

0.29%

0.25%

2.24%

3.07%

0.00%

27-Aug-07

94.04%

93.07%

2.70%

2.83%

1.63%

1.95%

0.21%

0.28%

0.24%

0.21%

1.18%

1.66%

0.00%

25-Jul-07

95.88%

94.91%

2.33%

2.66%

0.87%

1.18%

0.09%

0.12%

0.11%

0.71%

1.05%

0.00%

25-Jun-07

97.46%

96.75%

1.54%

1.92%

0.81%

1.14%

0.02%

0.03%

0.09%

0.07%

0.08%

0.00%

25-May-07

98.91%

98.61%

0.97%

1.28%

0.02%

0.03%

0.00%

0.09%

0.08%

0.00%

25-Apr-07

98.99%

98.70%

0.97%

1.26%

0.02%

0.03%

0.00%

0.02%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

Group 1 - Total

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Group 1 - Total

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Page 16 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Oct-07

1,009

160,678,031

5,878,019

3,681,229

308,202

428,271

4,166,965

73,757

25-Sep-07

1,037

165,397,948

5,261,441

688,207

1,191,499

329,888

3,261,617

27-Aug-07

1,062

169,424,944

2,999,627

3,030,255

519,843

1,491,896

25-Jul-07

1,081

171,936,332

3,683,302

790,386

582,038

1,323,654

25-Jun-07

1,102

176,039,427

2,029,335

976,059

279,422

244,226

203,047

25-May-07

1,119

178,819,897

1,752,229

279,539

244,410

25-Apr-07

1,119

178,965,466

1,811,291

279,656

149,731

25-Oct-07

91.73%

91.70%

3.64%

3.35%

2.00%

2.10%

0.18%

0.36%

0.24%

2.00%

2.38%

0.09%

0.04%

25-Sep-07

93.85%

93.91%

3.26%

2.99%

0.54%

0.39%

0.63%

0.68%

0.27%

0.19%

1.45%

1.85%

0.00%

27-Aug-07

95.42%

95.47%

2.07%

1.69%

1.44%

1.71%

0.00%

0.36%

0.29%

0.72%

0.84%

0.00%

25-Jul-07

96.78%

96.42%

1.88%

2.07%

0.54%

0.44%

0.00%

0.27%

0.33%

0.54%

0.74%

0.00%

25-Jun-07

97.96%

97.92%

1.24%

1.13%

0.44%

0.54%

0.09%

0.16%

0.18%

0.14%

0.09%

0.11%

0.00%

25-May-07

98.85%

98.74%

0.88%

0.97%

0.09%

0.15%

0.00%

0.18%

0.13%

0.00%

25-Apr-07

98.85%

98.76%

0.97%

1.00%

0.09%

0.15%

0.00%

0.09%

0.08%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Group 1 Fixed

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Page 17 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Oct-07

2,743

568,378,482

129

28,635,578

16,253,867

3,876,081

1,957,099

107

30,060,441

1,864,555

25-Sep-07

2,849

592,483,189

101

23,342,397

12,030,210

2,508,221

1,704,951

22,198,875

27-Aug-07

2,911

607,729,872

20,642,629

13,282,850

2,296,928

1,264,294

12,346,431

25-Jul-07

2,990

625,490,196

18,640,094

9,136,997

796,693

366,546

7,468,385

25-Jun-07

3,088

649,600,197

14,380,028

8,769,595

366,638

494,823

25-May-07

3,157

669,019,296

9,215,741

436,389

25-Apr-07

3,182

675,599,749

9,055,751

25-Oct-07

89.03%

87.31%

4.19%

4.40%

2.24%

2.50%

0.52%

0.60%

0.32%

0.30%

3.47%

4.62%

0.23%

0.29%

25-Sep-07

92.02%

90.56%

3.26%

3.57%

1.55%

1.84%

0.36%

0.38%

0.29%

0.26%

2.52%

3.39%

0.00%

27-Aug-07

93.54%

92.42%

2.92%

3.14%

1.70%

2.02%

0.29%

0.35%

0.19%

1.35%

1.88%

0.00%

25-Jul-07

95.56%

94.50%

2.49%

2.82%

0.99%

1.38%

0.13%

0.12%

0.06%

0.77%

1.13%

0.00%

25-Jun-07

97.29%

96.44%

1.64%

2.13%

0.95%

1.30%

0.00%

0.06%

0.05%

0.06%

0.07%

0.00%

25-May-07

98.93%

98.58%

1.00%

1.36%

0.00%

0.06%

0.00%

25-Apr-07

99.04%

98.68%

0.96%

1.32%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Group 1 ARMS

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Page 18 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Oct-07

5,409

1,076,121,144

277

60,160,066

129

39,536,518

4,585,769

3,557,393

267

96,519,262

3,956,405

25-Sep-07

5,621

1,127,443,361

213

53,531,171

110

34,922,239

9,545,727

2,663,739

174

64,092,218

27-Aug-07

5,754

1,166,733,723

206

52,385,944

120

39,011,516

2,979,136

2,141,072

35,609,187

25-Jul-07

5,950

1,220,789,851

163

47,708,117

29,464,471

1,835,832

1,333,750

14,990,806

25-Jun-07

6,127

1,275,983,298

126

39,743,396

13,450,167

748,000

911,799

3,083,915

25-May-07

6,281

1,326,837,577

18,455,397

2,113,954

235,326

25-Apr-07

6,316

1,340,319,747

18,924,176

2,114,066

124,200

25-Oct-07

88.17%

83.78%

4.52%

4.68%

2.10%

3.08%

0.36%

0.28%

4.35%

7.51%

0.23%

0.31%

25-Sep-07

91.18%

87.25%

3.45%

4.14%

1.78%

2.70%

0.55%

0.74%

0.21%

2.82%

4.96%

0.00%

27-Aug-07

92.93%

89.83%

3.33%

4.03%

1.94%

3.00%

0.16%

0.23%

0.15%

0.16%

1.50%

2.74%

0.00%

25-Jul-07

95.25%

92.76%

2.61%

3.62%

1.28%

2.24%

0.08%

0.14%

0.10%

0.69%

1.14%

0.00%

25-Jun-07

97.22%

95.66%

2.00%

2.98%

0.60%

1.01%

0.02%

0.06%

0.07%

0.10%

0.23%

0.00%

25-May-07

99.04%

98.46%

0.88%

1.37%

0.05%

0.16%

0.00%

0.03%

0.02%

0.00%

25-Apr-07

99.01%

98.45%

0.92%

1.39%

0.05%

0.16%

0.00%

0.02%

0.01%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Group 2 - Total

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Page 19 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Oct-07

1,821

226,865,548

11,295,588

5,146,899

1,379,215

603,943

6,761,802

944,859

25-Sep-07

1,882

234,224,391

9,355,988

3,282,359

1,336,347

557,355

5,005,611

27-Aug-07

1,910

239,218,474

8,043,600

3,703,184

713,474

442,887

2,714,466

25-Jul-07

1,964

245,894,212

6,069,775

3,283,401

463,248

670,544

25-Jun-07

2,003

252,786,863

3,586,967

1,815,032

235,318

25-May-07

2,034

256,652,615

2,110,367

235,326

25-Apr-07

2,041

258,421,612

1,945,057

124,200

25-Oct-07

90.91%

89.67%

4.54%

4.46%

1.65%

2.03%

0.40%

0.55%

0.25%

0.24%

2.00%

2.67%

0.25%

0.37%

25-Sep-07

93.59%

92.30%

3.33%

3.69%

0.90%

1.29%

0.40%

0.53%

0.25%

0.22%

1.54%

1.97%

0.00%

27-Aug-07

94.60%

93.87%

3.07%

3.16%

1.14%

1.45%

0.20%

0.28%

0.15%

0.17%

0.84%

1.07%

0.00%

25-Jul-07

96.65%

95.91%

1.97%

2.37%

0.94%

1.28%

0.00%

0.15%

0.18%

0.30%

0.26%

0.00%

25-Jun-07

98.19%

97.82%

1.42%

1.39%

0.29%

0.70%

0.00%

0.10%

0.09%

0.00%

25-May-07

99.41%

99.09%

0.49%

0.81%

0.00%

0.10%

0.09%

0.00%

25-Apr-07

99.51%

99.21%

0.44%

0.75%

0.00%

0.05%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Group 2 Fixed

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Page 20 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

25-Oct-07

3,588

849,255,596

186

48,864,478

34,389,619

3,206,553

2,953,450

227

89,757,459

3,011,546

25-Sep-07

3,739

893,218,970

146

44,175,183

31,639,880

8,209,380

2,106,384

143

59,086,607

27-Aug-07

3,844

927,515,249

144

44,342,344

35,308,331

2,265,662

1,698,185

32,894,720

25-Jul-07

3,986

974,895,639

123

41,638,342

26,181,070

1,835,832

870,502

14,320,263

25-Jun-07

4,124

1,023,196,434

36,156,429

11,635,135

748,000

676,481

3,083,915

25-May-07

4,247

1,070,184,962

16,345,029

2,113,954

25-Apr-07

4,275

1,081,898,135

16,979,118

2,114,066

25-Oct-07

86.83%

82.34%

4.50%

4.74%

2.32%

3.33%

0.34%

0.31%

0.29%

5.49%

8.70%

0.22%

0.29%

25-Sep-07

90.01%

86.02%

3.51%

4.25%

2.21%

3.05%

0.63%

0.79%

0.19%

0.20%

3.44%

5.69%

0.00%

27-Aug-07

92.12%

88.84%

3.45%

4.25%

2.32%

3.38%

0.14%

0.22%

0.14%

0.16%

1.82%

3.15%

0.00%

25-Jul-07

94.57%

91.99%

2.92%

3.93%

1.45%

2.47%

0.12%

0.17%

0.07%

0.08%

0.88%

1.35%

0.00%

25-Jun-07

96.76%

95.14%

2.28%

3.36%

0.75%

1.08%

0.02%

0.07%

0.05%

0.06%

0.14%

0.29%

0.00%

25-May-07

98.86%

98.30%

1.07%

1.50%

0.07%

0.19%

0.00%

25-Apr-07

98.78%

98.27%

1.16%

1.54%

0.07%

0.19%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Group 2 ARMS

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Page 21 of 52

23-Oct-2007 12:24

Balance

25-Oct-07

68,967

204,515

394

130,473,186

5,894,717

941,404

760,824

478,162

3,762,373

25-Sep-07

387,700

495,417

265

88,669,593

1,316,434

528,304

817,096

2,036,743

27-Aug-07

143

49,447,514

1,591,441

608,782

740,275

984,712

25-Jul-07

119,756

7,944,080

15,719,010

1,228,019

740,398

189,717

124,200

25-Jun-07

67,832

2,348,112

1,365,841

1,303,696

94,768

124,200

25-May-07

791,925

124,200

25-Apr-07

273,931

25-Oct-07

0.00%

0.01%

0.00%

3.82%

6.18%

0.00%

0.21%

0.28%

0.06%

0.04%

0.02%

0.18%

25-Sep-07

0.00%

0.01%

0.02%

2.56%

4.18%

0.00%

0.06%

0.04%

0.02%

0.05%

0.04%

0.10%

27-Aug-07

0.00%

1.37%

2.32%

0.00%

0.08%

0.07%

0.04%

0.03%

0.02%

0.03%

0.05%

25-Jul-07

0.00%

0.01%

0.00%

0.22%

0.37%

0.47%

0.73%

0.00%

0.07%

0.06%

0.02%

0.03%

0.01%

25-Jun-07

0.00%

0.06%

0.11%

0.02%

0.06%

0.00%

0.06%

0.01%

0.00%

0.01%

0.00%

25-May-07

0.00%

0.05%

0.04%

0.01%

0.00%

25-Apr-07

0.00%

0.02%

0.01%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Total (All Loans)

61-90 Days

90 + Days

Current

31-60 Days

Page 22 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

Balance

25-Oct-07

204,515

128

34,022,891

1,938,312

501,752

332,896

478,162

1,072,560

25-Sep-07

387,700

347,483

24,725,309

627,728

528,304

122,467

756,340

27-Aug-07

13,838,327

738,550

414,677

630,910

25-Jul-07

2,695,138

6,096,901

758,867

189,717

25-Jun-07

697,870

516,097

94,768

25-May-07

680,799

25-Apr-07

149,731

25-Oct-07

0.00%

0.02%

0.00%

3.06%

4.12%

0.00%

0.19%

0.23%

0.05%

0.06%

0.07%

0.04%

0.05%

0.06%

0.17%

0.13%

25-Sep-07

0.00%

0.02%

0.05%

0.02%

0.04%

2.19%

2.98%

0.00%

0.07%

0.08%

0.10%

0.06%

0.02%

0.01%

0.10%

0.09%

27-Aug-07

0.00%

1.18%

1.66%

0.00%

0.09%

0.07%

0.05%

0.00%

0.07%

0.08%

25-Jul-07

0.00%

0.19%

0.32%

0.52%

0.73%

0.00%

0.09%

0.00%

0.02%

0.00%

25-Jun-07

0.00%

0.07%

0.08%

0.00%

0.07%

0.06%

0.02%

0.01%

0.00%

25-May-07

0.00%

0.09%

0.08%

0.00%

25-Apr-07

0.00%

0.02%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Current

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

Distribution

Date

Current

31-60 Days

61-90 Days

31-60 Days

61-90 Days

90 + Days

Group 1 - Total

Page 23 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

Balance

25-Oct-07

4,166,965

73,757

207,126

221,144

25-Sep-07

3,261,617

207,421

122,467

27-Aug-07

1,491,896

58,531

271,654

189,658

25-Jul-07

185,362

1,138,293

392,321

189,717

25-Jun-07

203,047

149,458

94,768

25-May-07

244,410

25-Apr-07

149,731

25-Oct-07

0.00%

2.00%

2.38%

0.00%

0.09%

0.04%

0.00%

0.18%

0.12%

0.00%

0.18%

0.13%

25-Sep-07

0.00%

1.45%

1.85%

0.00%

0.18%

0.12%

0.09%

0.07%

0.00%

27-Aug-07

0.00%

0.72%

0.84%

0.00%

0.09%

0.03%

0.18%

0.15%

0.00%

0.09%

0.11%

25-Jul-07

0.00%

0.09%

0.10%

0.45%

0.64%

0.00%

0.18%

0.22%

0.00%

0.09%

0.11%

0.00%

25-Jun-07

0.00%

0.09%

0.11%

0.00%

0.09%

0.08%

0.09%

0.05%

0.00%

25-May-07

0.00%

0.18%

0.13%

0.00%

25-Apr-07

0.00%

0.09%

0.08%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

31-60 Days

61-90 Days

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Group 1 Fixed

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Current

Page 24 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

Balance

25-Oct-07

204,515

106

29,855,926

1,864,555

501,752

125,770

478,162

851,415

25-Sep-07

387,700

347,483

21,463,692

627,728

320,883

756,340

27-Aug-07

12,346,431

680,019

143,023

441,252

25-Jul-07

2,509,776

4,958,609

366,546

25-Jun-07

494,823

366,638

25-May-07

436,389

25-Apr-07

25-Oct-07

0.00%

0.03%

0.00%

3.44%

4.59%

0.00%

0.23%

0.29%

0.06%

0.08%

0.03%

0.02%

0.06%

0.07%

0.16%

0.13%

25-Sep-07

0.00%

0.03%

0.06%

0.03%

0.05%

2.45%

3.28%

0.00%

0.10%

0.06%

0.05%

0.00%

0.13%

0.12%

27-Aug-07

0.00%

1.35%

1.88%

0.00%

0.10%

0.03%

0.02%

0.00%

0.06%

0.07%

25-Jul-07

0.00%

0.22%

0.38%

0.54%

0.75%

0.00%

0.06%

0.00%

25-Jun-07

0.00%

0.06%

0.07%

0.00%

0.06%

0.05%

0.00%

25-May-07

0.00%

0.06%

0.00%

25-Apr-07

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Group 1 ARMS

61-90 Days

90 + Days

Current

31-60 Days

Page 25 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

Balance

25-Oct-07

68,967

266

96,450,295

3,956,405

439,652

427,928

2,689,813

25-Sep-07

147,934

173

63,944,284

688,707

694,629

1,280,403

27-Aug-07

35,609,187

852,891

194,104

740,275

353,802

25-Jul-07

119,756

5,248,942

9,622,108

469,151

740,398

124,200

25-Jun-07

67,832

1,650,242

1,365,841

787,599

124,200

25-May-07

111,126

124,200

25-Apr-07

124,200

25-Oct-07

0.00%

0.01%

0.00%

4.34%

7.51%

0.00%

0.23%

0.31%

0.07%

0.03%

0.02%

0.03%

0.00%

0.20%

0.21%

25-Sep-07

0.00%

0.02%

0.01%

2.81%

4.95%

0.00%

0.05%

0.00%

0.06%

0.05%

0.10%

27-Aug-07

0.00%

1.50%

2.74%

0.00%

0.06%

0.07%

0.02%

0.01%

0.03%

0.06%

0.03%

25-Jul-07

0.00%

0.01%

0.00%

0.24%

0.40%

0.43%

0.73%

0.00%

0.05%

0.04%

0.03%

0.06%

0.00%

0.02%

0.01%

25-Jun-07

0.00%

0.01%

0.00%

0.05%

0.12%

0.03%

0.10%

0.00%

0.05%

0.06%

0.00%

0.02%

0.01%

0.00%

25-May-07

0.00%

0.02%

0.01%

0.02%

0.01%

0.00%

25-Apr-07

0.00%

0.02%

0.01%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

31-60 Days

61-90 Days

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Group 2 - Total

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Current

Page 26 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

Balance

25-Oct-07

68,967

6,692,836

944,859

182,261

421,682

25-Sep-07

5,005,611

90,741

466,614

27-Aug-07

2,714,466

90,761

227,926

124,200

25-Jul-07

120,956

549,588

111,109

227,938

124,200

25-Jun-07

111,118

124,200

25-May-07

111,126

124,200

25-Apr-07

124,200

25-Oct-07

0.00%

0.03%

0.00%

1.95%

2.65%

0.00%

0.25%

0.37%

0.10%

0.07%

0.00%

0.15%

0.17%

25-Sep-07

0.00%

1.54%

1.97%

0.00%

0.05%

0.04%

0.00%

0.20%

0.18%

27-Aug-07

0.00%

0.84%

1.07%

0.00%

0.05%

0.04%

0.00%

0.05%

0.09%

0.05%

25-Jul-07

0.00%

0.05%

0.25%

0.21%

0.00%

0.05%

0.04%

0.05%

0.09%

0.00%

0.05%

25-Jun-07

0.00%

0.05%

0.04%

0.00%

0.05%

0.00%

25-May-07

0.00%

0.05%

0.04%

0.05%

0.00%

25-Apr-07

0.00%

0.05%

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Group 2 Fixed

61-90 Days

90 + Days

Current

31-60 Days

Page 27 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

Balance

25-Oct-07

227

89,757,459

3,011,546

257,391

427,928

2,268,131

25-Sep-07

147,934

142

58,938,673

597,966

694,629

813,789

27-Aug-07

32,894,720

762,129

194,104

512,350

229,602

25-Jul-07

119,756

5,127,986

9,072,521

358,042

512,460

25-Jun-07

67,832

1,650,242

1,365,841

676,481

25-May-07

25-Apr-07

25-Oct-07

0.00%

5.49%

8.70%

0.00%

0.22%

0.29%

0.05%

0.02%

0.04%

0.00%

0.22%

25-Sep-07

0.00%

0.02%

0.01%

3.42%

5.68%

0.00%

0.05%

0.06%

0.00%

0.10%

0.07%

0.05%

0.08%

27-Aug-07

0.00%

1.82%

3.15%

0.00%

0.07%

0.02%

0.05%

0.02%

25-Jul-07

0.00%

0.01%

0.00%

0.33%

0.48%

0.52%

0.86%

0.00%

0.05%

0.03%

0.02%

0.05%

0.00%

25-Jun-07

0.00%

0.01%

0.00%

0.07%

0.15%

0.05%

0.13%

0.00%

0.05%

0.06%

0.00%

25-May-07

0.00%

25-Apr-07

0.00%

Loan status figures for periods prior to October 2007 do not reflect active REO loans for the respective period.

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

31-60 Days

61-90 Days

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Group 2 ARMS

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Current

Page 28 of 52

23-Oct-2007 12:24

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

25-Oct-07

10,316

2,110,677,134

10,436,992

0.00

365,491.79

358,793

351

7.95%

7.45%

25-Sep-07

10,366

2,122,596,897

10,470,898

0.00

352

7.95%

7.45%

27-Aug-07

10,417

2,133,890,147

21,639,341

0.00

353

7.95%

7.45%

25-Jul-07

10,493

2,156,337,449

108

30,207,766

0.00

354

7.96%

7.46%

25-Jun-07

10,601

2,187,303,372

19,269,546

0.00

355

7.96%

7.46%

25-May-07

10,665

2,207,409,755

19,098,416

0.00

356

7.96%

7.46%

25-Apr-07

10,724

2,227,343,832

6,352,191

0.00

357

7.96%

7.46%

25-Oct-07

1,100

175,214,474

804,814

0.00

345

8.33%

7.83%

25-Sep-07

1,105

176,130,599

1,227,169

0.00

346

8.33%

7.83%

27-Aug-07

1,113

177,466,565

739,232

0.00

347

8.33%

7.83%

25-Jul-07

1,117

178,315,711

1,347,603

0.00

348

8.35%

7.85%

25-Jun-07

1,125

179,771,516

1,215,892

0.00

349

8.35%

7.85%

25-May-07

1,132

181,096,075

0.00

350

8.35%

7.85%

25-Apr-07

1,132

181,206,143

208,757

0.00

351

8.36%

7.86%

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Curr Weighted Avg.

Total (All Loans)

Group 1 Fixed

Distribution

Date

Ending Pool

Payoffs

Realized Losses

Page 29 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

25-Oct-07

3,081

651,026,104

3,031,456

0.00

352

7.91%

7.41%

25-Sep-07

3,096

654,267,842

3,082,549

0.00

353

7.91%

7.41%

27-Aug-07

3,112

657,563,005

4,109,879

0.00

354

7.91%

7.41%

25-Jul-07

3,129

661,898,912

11,499,494

0.00

355

7.92%

7.42%

25-Jun-07

3,174

673,611,281

4,797,323

0.00

356

7.92%

7.42%

25-May-07

3,191

678,671,426

5,766,157

0.00

357

7.92%

7.42%

25-Apr-07

3,213

684,655,500

2,998,005

0.00

358

7.92%

7.42%

25-Oct-07

2,003

252,997,855

565,267

0.00

-4,792.52

49,613

346

8.72%

8.22%

25-Sep-07

2,011

253,762,052

914,966

0.00

347

8.72%

8.22%

27-Aug-07

2,019

254,836,086

1,384,331

0.00

348

8.73%

8.23%

25-Jul-07

2,032

256,381,179

1,886,662

0.00

349

8.74%

8.24%

25-Jun-07

2,040

258,424,180

412,784

0.00

350

8.74%

8.24%

25-May-07

2,046

258,998,308

1,335,620

0.00

351

8.74%

8.24%

25-Apr-07

2,051

260,490,869

290,339

0.00

352

8.74%

8.24%

Curr Weighted Avg.

Group 1 ARMS

Group 2 Fixed

Distribution

Date

Ending Pool

Payoffs

Realized Losses

Page 30 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

25-Oct-07

4,132

1,031,438,701

6,035,455

0.00

370,284.31

309,180

352

7.72%

7.22%

25-Sep-07

4,154

1,038,436,404

5,246,213

0.00

353

7.72%

7.22%

27-Aug-07

4,173

1,044,024,491

15,405,900

0.00

354

7.72%

7.22%

25-Jul-07

4,215

1,059,741,647

15,474,006

0.00

355

7.73%

7.23%

25-Jun-07

4,262

1,075,496,394

12,843,546

0.00

356

7.73%

7.23%

25-May-07

4,296

1,088,643,945

11,996,638

0.00

357

7.74%

7.24%

25-Apr-07

4,328

1,100,991,319

2,855,091

0.00

358

7.74%

7.24%

Curr Weighted Avg.

Group 2 ARMS

Distribution

Date

Ending Pool

Payoffs

Realized Losses

Page 31 of 52

23-Oct-2007 12:24

4001210456

367,200.00

8.80%

12,925.44

4001254036

52,000.00

51,752.02

8.35%

575.40

4001244374

64,350.00

64,304.99

8.25%

1,286.10

4001166206

25,000.00

24,831.88

9.30%

250.00

4001252104

60,775.00

60,726.46

7.90%

1,918.69

4001271494

177,600.00

177,288.74

7.99%

3,545.77

4001211867

83,000.00

82,837.79

7.50%

2,484.72

4001106820

79,900.00

79,669.38

10.45%

799.00

4001198775

1,040,000.00

6.75%

28,080.00

4001208814

129,465.00

129,303.71

7.50%

1,292.89

4001228786

51,900.00

51,799.77

12.30%

2,548.55

4001195407

128,000.00

127,974.31

11.80%

1,280.00

4001253653

245,000.00

244,653.01

6.40%

6,263.12

4001254194

255,550.00

254,812.27

9.70%

9,886.72

4001186120

100,800.00

100,254.00

8.10%

3,243.81

Current Total

2,860,540.00

2,857,408.33

76,380.21

Cumulative Total

18,237,303.00

18,214,598.11

481,769.29

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Prepayment Premium Loan Detail for Current Period

Current Gross Rate

Prepayment Premium

Disclosure Control #

Original Principal

Balance

Beginning Principal

Balance

Payoff Amount

Page 32 of 52

23-Oct-2007 12:24

SMM (Single Monthly Mortality)

Total

Current Period

0.53%

3-Month Average

0.68%

6-Month Average

0.86%

12-Month Average

0.78%

Average Since Cut-Off

0.78%

CPR (Conditional Prepayment Rate)

Total

Current Period

6.16%

3-Month Average

7.81%

6-Month Average

9.79%

12-Month Average

8.88%

Average Since Cut-Off

8.88%

PSA (Public Securities Association)

Total

Current Period

103%

3-Month Average

130%

6-Month Average

163%

12-Month Average

148%

Average Since Cut-Off

148%

SMM

Single Monthly Mortality

(Partial and Full Prepayments + Repurchases + Curtailments + Liquidations + Other Prin Proceeds) / (Beginning Collateral Bal - Scheduled Prin)

CPR

Conditional Prepayment Rate

1 - (1 - SMM)^12)

PSA

Public Securities Association

100 * CPR / (0.2 * MIN(30,WAS))

WAS

Weighted Average Seasoning

(Original Term - Remaining Term) * (Current Scheduled Balance / Deal Scheduled Principal Balance)

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Total (All Loans)

Distribution Date: 25-Oct-07

Prepayment Summary

0.00%

2.43%

4.86%

7.29%

9.71%

12.14%

14.57%

17.00%

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

Jul-07

Aug-07

Sep-07

Oct-07

0.00%

14.29%

28.57%

42.86%

57.14%

71.43%

85.71%

100.00%

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

Jul-07

Aug-07

Sep-07

Oct-07

229%

457%

686%

914%

1143%

1371%

1600%

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

Jul-07

Aug-07

Sep-07

Oct-07

Page 33 of 52

23-Oct-2007 12:24

4001200700

28-Sep-07

Jackson

SF Unattached Dwelling

51,177.83

51,012.10

0.00

4001235325

28-Sep-07

Tazewell

SF Unattached Dwelling

69,000.00

0.00

4001219923

27-Sep-07

Romulus

SF Unattached Dwelling

68,000.00

67,722.91

0.00

4001182275

26-Sep-07

Roxboro

PUD

100,000.00

99,405.04

0.00

4001177737

19-Sep-07

Rochester

SF Unattached Dwelling

539,611.12

536,818.67

0.00

4001203031

19-Sep-07

Alabaster

SF Unattached Dwelling

204,755.82

203,873.19

0.00

4001215684

14-Sep-07

Livonia

SF Unattached Dwelling

294,500.00

293,415.52

0.00

4001192827

13-Sep-07

Tarzana

SF Unattached Dwelling

1,092,000.00

0.00

4001259843

11-Sep-07

Saint Paul

SF Unattached Dwelling

187,981.89

187,851.39

0.00

4001229658

10-Sep-07

Arlington

SF Unattached Dwelling

569,968.39

569,739.55

0.00

4001216499

10-Sep-07

Leesburg

PUD

367,853.79

366,806.66

0.00

4001259371

10-Sep-07

Peachtree City

SF Unattached Dwelling

155,782.15

155,653.68

0.00

4001201645

5-Sep-07

Fort Worth

SF Unattached Dwelling

106,940.94

106,515.02

0.00

4001284063

5-Sep-07

Houston

SF Unattached Dwelling

239,200.00

238,076.56

0.00

4001166980

5-Sep-07

Griffin

SF Unattached Dwelling

67,958.38

67,658.75

0.00

4001221876

30-Aug-07

Madison

SF Unattached Dwelling

99,132.76

98,649.43

0.00

4001225249

29-Aug-07

Linn

SF Unattached Dwelling

74,058.24

73,757.15

0.00

4001232911

28-Aug-07

Culleoka

SF Unattached Dwelling

181,941.19

181,513.53

0.00

4001256479

28-Aug-07

Fort Washington

SF Unattached Dwelling

366,400.00

0.00

4001209389

20-Aug-07

Temple Hills

SF Unattached Dwelling

379,877.87

379,000.99

0.00

4001252484

8-Aug-07

San Antonio

SF Unattached Dwelling

50,000.00

49,810.42

0.00

4001236382

11-Jul-07

Nixa

SF Unattached Dwelling

642,814.34

640,036.67

0.00

Total

5,908,954.71

5,894,717.23

0.00

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Historical Collateral Level REO Report

Total (All Loans)

Disclosure

Control #

REO Date

City

State

Property Type

Actual Balance

Scheduled

Balance

Recent

Appraisal

Value

Appraisal

Date

Appraisal

Reduction

Amount

Date

Liquidated

Liquidation

Proceeds

Liquidation

Expenses

Realized Loss

Page 34 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Historical Collateral Level REO Report

4001182275

26-Sep-07

Roxboro

PUD

100,000.00

99,405.04

0.00

4001203031

19-Sep-07

Alabaster

SF Unattached Dwelling

204,755.82

203,873.19

0.00

4001215684

14-Sep-07

Livonia

SF Unattached Dwelling

294,500.00

293,415.52

0.00

4001216499

10-Sep-07

Leesburg

PUD

367,853.79

366,806.66

0.00

4001259371

10-Sep-07

Peachtree City

SF Unattached Dwelling

155,782.15

155,653.68

0.00

4001225249

29-Aug-07

Linn

SF Unattached Dwelling

74,058.24

73,757.15

0.00

4001256479

28-Aug-07

Fort Washington

SF Unattached Dwelling

366,400.00

0.00

4001209389

20-Aug-07

Temple Hills

SF Unattached Dwelling

379,877.87

379,000.99

0.00

Total

1,943,227.87

1,938,312.23

0.00

Realized Loss

Appraisal

Reduction

Amount

Date

Liquidated

Liquidation

Proceeds

Liquidation

Expenses

Group 1

Disclosure

Control #

REO Date

City

State

Property Type

Actual Balance

Scheduled

Balance

Recent

Appraisal

Value

Appraisal

Date

Page 35 of 52

23-Oct-2007 12:24

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Historical Collateral Level REO Report

4001235325

28-Sep-07

Tazewell

SF Unattached Dwelling

69,000.00

0.00

4001200700

28-Sep-07

Jackson

SF Unattached Dwelling

51,177.83

51,012.10

0.00

4001219923

27-Sep-07

Romulus

SF Unattached Dwelling

68,000.00

67,722.91

0.00

4001177737

19-Sep-07

Rochester

SF Unattached Dwelling

539,611.12

536,818.67

0.00

4001192827

13-Sep-07

Tarzana

SF Unattached Dwelling

1,092,000.00

0.00

4001259843

11-Sep-07

Saint Paul

SF Unattached Dwelling

187,981.89

187,851.39

0.00

4001229658

10-Sep-07

Arlington

SF Unattached Dwelling

569,968.39

569,739.55

0.00

4001284063

5-Sep-07

Houston

SF Unattached Dwelling

239,200.00

238,076.56

0.00

4001201645

5-Sep-07

Fort Worth

SF Unattached Dwelling

106,940.94

106,515.02

0.00

4001166980

5-Sep-07

Griffin

SF Unattached Dwelling

67,958.38

67,658.75

0.00

4001221876

30-Aug-07

Madison

SF Unattached Dwelling

99,132.76

98,649.43

0.00

4001232911

28-Aug-07

Culleoka

SF Unattached Dwelling

181,941.19

181,513.53

0.00

4001252484

8-Aug-07

San Antonio

SF Unattached Dwelling

50,000.00

49,810.42

0.00

4001236382

11-Jul-07

Nixa

SF Unattached Dwelling

642,814.34

640,036.67

0.00

Total

3,965,726.84

3,956,405.00

0.00

Realized Loss

Appraisal

Reduction

Amount

Date

Liquidated

Liquidation

Proceeds

Liquidation

Expenses

Group 2

Disclosure

Control #

REO Date

City

State

Property Type

Actual Balance

Scheduled

Balance

Recent

Appraisal

Value

Appraisal

Date

Page 36 of 52

23-Oct-2007 12:24

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

24,000

68,000

1,068

10.35%

57,590,142

2.73%

24,000

68,000

1,111

10.33%

60,149,205

2.69%

68,000

86,000

809

7.84%

62,350,652

2.95%

68,000

86,000

830

7.72%

64,098,207

2.87%

86,000

104,000

825

8.00%

78,350,015

3.71%

86,000

104,000

851

7.91%

80,971,507

3.62%

104,000

122,000

822

7.97%

93,002,378

4.41%

104,000

122,000

845

7.86%

95,793,053

4.29%

122,000

140,000

903

8.75%

118,376,645

5.61%

122,000

140,000

917

8.53%

120,420,170

5.39%

140,000

159,000

740

7.17%

110,635,046

5.24%

140,000

160,000

853

7.93%

128,628,373

5.76%

159,000

209,000

1,652

16.01%

301,033,225

14.26%

160,000

212,000

1,717

15.96%

317,770,329

14.22%

209,000

259,000

1,083

10.50%

250,254,137

11.86%

212,000

264,000

1,120

10.41%

263,385,860

11.79%

259,000

309,000

596

5.78%

168,051,656

7.96%

264,000

316,000

629

5.85%

181,582,619

8.13%

309,000

359,000

465

4.51%

154,748,467

7.33%

316,000

368,000

513

4.77%

175,528,095

7.86%

359,000

410,000

323

3.13%

123,230,098

5.84%

368,000

420,000

307

2.85%

121,123,246

5.42%

410,000

1,580,000

1,030

9.98%

593,054,673

28.10%

420,000

1,580,000

1,062

9.87%

625,076,463

27.97%

10,316

100.00%

2,110,677,134

100.00%

10,755

100.00%

2,234,527,127

100.00%

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

5.25%

6.80%

983

9.53%

292,766,705

13.87%

5.25%

6.80%

1,010

9.39%

303,921,954

13.60%

6.80%

7.05%

597

5.79%

169,618,348

8.04%

6.80%

7.05%

616

5.73%

177,257,491

7.93%

7.05%

7.30%

593

5.75%

148,842,941

7.05%

7.30%

619

5.76%

157,442,845

7.05%

7.30%

7.55%

814

7.89%

190,116,092

9.01%

7.30%

7.55%

852

7.92%

201,206,198

9.00%

7.55%

7.80%

985

9.55%

226,456,456

10.73%

7.55%

7.80%

1,023

9.51%

237,990,683

10.65%

7.80%

8.05%

1,264

12.25%

261,432,622

12.39%

7.80%

8.05%

1,303

12.12%

273,897,873

12.26%

8.05%

8.39%

906

8.78%

171,419,625

8.12%

8.05%

8.41%

1,080

10.04%

209,728,623

9.39%

8.39%

8.73%

1,103

10.69%

193,590,534

9.17%

8.41%

8.75%

1,167

10.85%

209,008,700

9.35%

8.73%

9.08%

929

9.01%

154,395,540

7.31%

8.75%

9.09%

830

7.72%

137,894,819

6.17%

9.08%

9.42%

560

5.43%

81,683,358

3.87%

9.09%

9.44%

583

5.42%

88,121,125

3.94%

9.42%

9.81%

539

5.22%

80,048,690

3.79%

9.44%

9.84%

569

5.29%

86,620,438

3.88%

9.81%

13.20%

1,043

10.11%

140,306,223

6.65%

9.84%

13.20%

1,103

10.26%

151,436,378

6.78%

10,316

100.00%

2,110,677,134

100.00%

10,755

100.00%

2,234,527,127

100.00%

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Mortgage Loan Characteristics Part I

Total (All Loans)

Distribution by Current Ending Principal Balance

Distribution by Cut-off Principal Balance

Distribution by Current Mortgage Rate

Distribution by Original Mortgage Rate

Page 37 of 52

23-Oct-2007 12:24

7,213

1,682,464,805

79.71%

352.28

7.79%

7,566

1,792,058,602

80.20%

360.00

7.81%

3,103

428,212,329

20.29%

345.49

8.56%

3,189

442,468,525

19.80%

353.29

8.58%

10,316

2,110,677,134

100.00%

10,755

2,234,527,127

100.00%

7,678

1,461,726,216

69.25%

350.73

7.99%

7,990

1,545,152,863

69.15%

358.51

8.00%

1,614

393,826,767

18.66%

351.41

7.90%

1,686

417,299,109

18.68%

359.18

7.90%

413

130,000,096

6.16%

351.06

7.62%

433

137,481,685

6.15%

358.87

7.63%

557

107,295,479

5.08%

350.94

8.06%

589

115,615,994

5.17%

358.48

8.07%

17,227,344

0.82%

352.17

7.83%

18,373,342

0.82%

360.00

7.89%

601,232

0.03%

351.83

7.42%

604,135

0.03%

360.00

7.42%

10,316

2,110,677,134

100.00%

10,755

2,234,527,127

100.00%

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Total (All Loans)

Distribution Date: 25-Oct-07

Mortgage Loan Characteristics Part II

Distribution by Product Characteristics (Current)

Product Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Adjustable

Fixed 1st Lien

Total

Distribution by Product Characteristics (Cut-off)

Product Type

# of

Loans

Original Principal

Balance

% of

Balance

WAMM

WAC

Adjustable

Fixed 1st Lien

Total

Multifamily

Condo - Low Facility

Distribution by Property Types (Current)

Property Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

SF Unattached Dwelling

PUD

Condo - High Facility

Other

SF Unattached Dwelling

PUD

Distribution by Property Types (Cut-off)

Property Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Multifamily

Condo - Low Facility

Condo - High Facility

Other

Total

Page 38 of 52

23-Oct-2007 12:27

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Mortgage Loan Characteristics Part II

9,766

2,030,752,772

96.21%

351.01

7.96%

10,154

2,143,151,106

95.91%

358.77

7.97%

500

70,304,556

3.33%

347.60

7.66%

548

80,913,378

3.62%

355.87

7.67%

9,619,806

0.46%

351.63

8.12%

10,462,643

0.47%

359.49

8.13%

10,316

2,110,677,134

100.00%

10,755

2,234,527,127

100.00%

6,206

1,259,111,185

59.65%

351.75

8.01%

6,462

1,336,047,831

59.79%

359.45

8.02%

3,582

746,910,736

35.39%

349.47

7.88%

3,742

788,432,151

35.28%

357.35

7.90%

528

104,655,213

4.96%

350.89

7.70%

551

110,047,145

4.92%

358.66

7.71%

10,316

2,110,677,134

100.00%

10,755

2,234,527,127

100.00%

Owner Occupied - Primary Residence

Occupancy Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Non-Owner Occupied

Owner Occupied - Secondary Residence

% of

Balance

WAMM

WAC

Purchase

# of

Loans

Ending Balance

Refinance/Equity Takeout

Refinance/No Cash Out

Total

Distribution by Occupancy Type (Current)

Total (All Loans)

Total

Distribution by Occupancy Type (Cut-off)

Occupancy Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Total

Distribution by Loan Purpose (Current)

Loan Purpose

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Distribution by Loan Purpose (Cut-off)

Loan Purpose

Page 39 of 52

23-Oct-2007 12:27

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Mortgage Loan Characteristics Part II

10,316

2,110,677,134

100.00%

350.90

7.95%

10,755

2,234,527,127

100.00%

358.67

7.96%

WAMM

WAC

Originator

Distribution by Originator Concentration > 10% (Current)

Distribution by Originator Concentration > 10% (Cut-off)

Originator

# of

Loans

Ending Balance

% of

Balance

First Franklin Financial Corp

Total (All Loans)

WAC

# of

Loans

Ending Balance

% of

Balance

WAMM

Page 40 of 52

23-Oct-2007 12:27

WAMM

WAC

California

1,091

448,159,942

21.23%

351

7.27%

Florida

972

218,953,449

10.37%

352

7.86%

New York

600

156,135,169

7.40%

351

7.84%

Illinois

591

119,710,409

5.67%

352

8.23%

Washington

355

90,881,404

4.31%

352

7.67%

Texas

762

90,681,261

4.30%

348

8.30%

Georgia

514

88,108,447

4.17%

351

8.56%

Utah

355

73,674,532

3.49%

351

7.88%

New Jersey

225

65,702,162

3.11%

351

8.08%

Michigan

441

58,408,067

2.77%

351

8.45%

Remaining

4,410

700,262,291

33.18%

350

8.25%

WAMM

WAC

California

1,149

477,940,334

21.39%

359

7.29%

Florida

996

225,727,197

10.10%

359

7.87%

New York

621

164,615,314

7.37%

359

7.84%

Illinois

648

136,475,028

6.11%

360

8.28%

Washington

364

94,225,108

4.22%

360

7.67%

Georgia

542

93,433,255

4.18%

359

8.54%

Texas

776

93,318,429

4.18%

356

8.31%

Utah

368

78,083,447

3.49%

359

7.90%

New Jersey

239

69,329,500

3.10%

359

8.08%

Michigan

459

62,602,395

2.80%

359

8.47%

Remaining

4,593

738,777,121

33.06%

358

8.27%

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Geographic Concentration

Total (All Loans)

Top 10 Current State Concentration

Geographic
Distribution

# of

Loans

Balance

(1)

% of

Balance

(1)

Based on Current Period Ending Principal Balance

Top 10 Original State Concentration

Geographic
Distribution

# of

Loans

Balance

(1)

% of

Balance

Top 10 Current State Concentration

California

Illinois

New York

Florida

Michigan

New Jersey

Utah

Georgia

Texas

Washington

Remaining

Page 41 of 52

23-Oct-2007 12:27

Total (All Loans)

4001248545

679,464.03

370,284.31

309,179.72

100.00%

663

4001074503

44,820.35

(4,792.52)

49,612.87

90.00%

761

4001253292

0.00

100.00%

672

4001270083

0.00

100.00%

589

Current Total

724,284.38

365,491.79

358,792.59

Cumulative

724,284.38

365,491.79

358,792.59

B
C
F
L
O

Paid in Full
REO
Short Sale
Third Party
Settled

P
R
S
T
X

1
2
3

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Current Period Realized Loss Detail

Disclosure Control

Original

Liquidation

Balance

Net Liquidation

Proceeds

Loss-Certs Non-

adjusted

Subsequent

Recov/(Exp)

Loss-Certs Adjusted

Loss Severity

Loan-to-Value

FICO

Lien Position

Liq Type

Occ Type

0.00

309,179.72

45.50%

0.00

49,612.87

110.69%

(250.00)

250.00

0.00%

(300.60)

300.60

0.00%

(550.60)

359,343.19

(550.60)

359,343.19

Liq. Type Code - Legend
BK Discharged
Charge-off
Foreclosure
Retain Lien
Loan Sale

Occ Type Code - Legend
Primary
Secondary
Investment

Page 42 of 52

23-Oct-2007 12:27

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds

Realized Loss

Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount

Count

Amount

Count

Amount

Count

25-Oct-07

724,284.38

365,491.79

358,792.59

0.00

(550.60)

359,343.19

25-Sep-07

0.00

27-Aug-07

0.00

25-Jul-07

0.00

25-Jun-07

0.00

25-May-07

0.00

25-Apr-07

0.00

Total

724,284.38

365,491.79

358,792.59

0.00

(550.60)

359,343.19

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Historical Realized Loss Summary

Total (All Loans)

- - - - - - - - - - - - - - - - - C u r r e n t R e a l i z e d L o s s - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - P r e v i o u s L i q u i d a t i o n s / P a y o f f s - - - - - - - - - - - - - -

Claims on Prior

Liquidations

Recovery on Prior

Liquidations

(Claims)/Recoveries on

Prior Payoffs

Page 43 of 52

23-Oct-2007 12:27

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Historical Realized Loss Summary

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds

Realized Loss

Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount

Count

Amount

Count

Amount

Count

25-Oct-07

0.00

25-Sep-07

0.00

27-Aug-07

0.00

25-Jul-07

0.00

25-Jun-07

0.00

25-May-07

0.00

25-Apr-07

0.00

Total

0.00

Group 1

- - - - - - - - - - - - - - - - - C u r r e n t R e a l i z e d L o s s - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - P r e v i o u s L i q u i d a t i o n s / P a y o f f s - - - - - - - - - - - - - -

Claims on Prior

Liquidations

Recovery on Prior

Liquidations

(Claims)/Recoveries on

Prior Payoffs

Page 44 of 52

23-Oct-2007 12:27

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Historical Realized Loss Summary

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds

Realized Loss

Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount

Count

Amount

Count

Amount

Count

25-Oct-07

724,284.38

365,491.79

358,792.59

0.00

(550.60)

359,343.19

25-Sep-07

0.00

27-Aug-07

0.00

25-Jul-07

0.00

25-Jun-07

0.00

25-May-07

0.00

25-Apr-07

0.00

Total

724,284.38

365,491.79

358,792.59

0.00

(550.60)

359,343.19

Group 2

- - - - - - - - - - - - - - - - - C u r r e n t R e a l i z e d L o s s - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - P r e v i o u s L i q u i d a t i o n s / P a y o f f s - - - - - - - - - - - - - -

Claims on Prior

Liquidations

Recovery on Prior

Liquidations

(Claims)/Recoveries on

Prior Payoffs

Page 45 of 52

23-Oct-2007 12:27

MDR (monthly Default Rate)

Total

Current Period

0.03%

3-Month Average

0.01%

6-Month Average

0.01%

12-Month Average

0.00%

Average Since Cut-Off

0.00%

CDR (Conditional Default Rate)

Total

Current Period

0.41%

3-Month Average

0.14%

6-Month Average

0.07%

12-Month Average

0.03%

Average Since Cut-Off

0.06%

SDA (Standard Default Assumption)

Total

Current Period

13.62%

3-Month Average

4.54%

6-Month Average

2.27%

12-Month Average

1.14%

Average Since Cut-Off

1.95%

MDR

Monthly Default Rate

(Beginning Principal Balance of Liquidated Loans) / (Total Beginning Principal Balance)

CDR

Conditional Default Rate

1 - (1 - MDR)^12

SDA

Standard Default Assumption

If WAS=30 then CDR/(WAS*0.02) else if 30<WAS=60 then CDR/0.6 else if 60<WAS=120 then CDR/(0.6-((WAS-60)*0.0095)) else if WAS>120 then CDR/0.03

WAS

Weighted Average Seasoning

(Original Term - Remaining Term) * (Current Scheduled Balance / Deal Scheduled Principal Balance)

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Total (All Loans)

Distribution Date: 25-Oct-07

Realized Loss Summary

0.00%

0.86%

1.71%

2.57%

3.43%

4.29%

5.14%

6.00%

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

Jul-07

Aug-07

Sep-07

Oct-07

0.00%

7.14%

14.29%

21.43%

28.57%

35.71%

42.86%

50.00%

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

Jul-07

Aug-07

Sep-07

Oct-07

286%

571%

857%

1143%

1429%

1714%

2000%

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

Jul-07

Aug-07

Sep-07

Oct-07

Page 46 of 52

23-Oct-2007 12:27

Group

4001207449

Group 2 ARMS

220,023.41

0.00

220,034.86

7.30%

1,338.48

384.98

953.50

4001267963

Group 1 ARMS

194,240.72

52.94

0.00

194,187.78

7.95%

1,339.78

1,286.84

971.20

315.64

Total

414,264.13

52.94

0.00

414,222.64

2,678.26

2,625.32

1,356.18

1,269.14

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Scheduled

Interest

Interest Received

Distribution Date: 25-Oct-07

Servicemembers Civil Relief Act

Relief Act Interest

Shortfall

Total (All Loans)

Disclosure Control

Beginning

Balance

Scheduled

Principal

Unscheduled

Principal

Ending balance

Loan Rate

P&I Amount

Page 47 of 52

23-Oct-2007 12:27

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Material Breaches Detail

Disclosure

Control #

Loan Group #

Ending Principal

Balance

Material Breach

Date

Material Breach Description

Material breaches of pool asset representation or warranties or transaction covenants.

Page 48 of 52

23-Oct-2007 12:27

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Modified Loan Detail

Total (All Loans)

Disclosure

Control #

Loan Group #

Modified Maturity

Date

Cutoff Maturity

Date

Modification Description

Modifications include any extensions or waivers to the mortgage loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time.

Page 49 of 52

23-Oct-2007 12:27

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Distribution Date: 25-Oct-07

Collateral Asset Changes

Disclosure

Control #

Beginning Principal Balance

Description

Page 50 of 52

23-Oct-2007 12:27

Substitution Code

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Adjusted for Principal

Distribution Date: 25-Oct-07

Substitution Detail History

- - - Loans Substituted Into Pool - - -

- - - - - - - - - - Loans Substituted Out of Pool - - - - - - - - - -

Investor #

Period

Beginning Principal Balance

Investor #

Period

Beginning Principal

Balance

Page 51 of 52

23-Oct-2007 12:27

First Franklin Mortgage Loan Trust

Mortgage Loan Asset-Backed Certificates

Series 2007-1

Difference Into vs.

Out

Distribution Date: 25-Oct-07

Substitution Detail History Summary

- - - Loans Substituted Into Pool - - -

- - - Loans Substituted Out of Pool - - -

Period

Count

Beginning Principal Balance

Count

Beginning Principal Balance

Adjusted for Principal

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Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-1 10-D