HSBC

FFML 2006-FF7

Group I

Selection Criteria: Group I

Table of Contents

1. Summary Statistics (as of the Sample Pool Calculation Date)

2. Product Type

3. Range of Gross Mortgage Rates (%)

4. Range of Cut-off Date Principal Balances ($)

5. Range of Original Principal Balances ($)

6. Range of Stated Remaining Terms (months)

7. Stated Original Term (months)

8. Range of Original LTV Ratios (%)

9. Range of Original Combined LTV Ratios (%)

10. Range of Gross Margins (%)

11. Range of Minimum Mortgage Rates (%)

12. Range of Maximum Mortgage Rates (%)

13. Initial Periodic Cap (%)

14. Subsequent Periodic Cap (%)

15. Next Rate Adjustment Dates

16. Geograghic Distribution of Mortgaged Properties

17. Occupancy

18. Property Type

19. Loan Purpose

20. Documentation Type

21. Range of Debt Ratio

22. Range of Credit Scores

23. Prepayment Penalty Term (months)

24. Lien Position


1. Summary Statistics (as of the Sample Pool Calculation Date)

Aggregate Principal Balance: $409,493,253.71
Number of Mortgage Loans: 2,389
Average Principal Balance: $171,407.81
Aggregate Principal Balance (Fixed Rate): $89,560,411.48
Aggregate Principal Balance (Adjustable Rate): $319,932,842.23
% Fixed Rate Mortgages: 21.87%
% Adjustable Rate Mortgages: 78.13%
Weighted Average Current Mortgage Rate: 7.687%
Non-zero Weighted Average Credit Score: 651
Weighted Average Original LTV: 80.17%
Weighted Average Original Combined LTV: 86.11%
Non-zero Weighted Average Debt Ratio: 42.55
Weighted Average Stated Remaining Term: 355
Weighted Average Stated Original Term: 357
Weighted Average Months to Roll: 24
Weighted Average Margin: 5.622%
Weighted Average Initial Rate Cap: 2.993%
Weighted Average Periodic Rate Cap: 1.000%
Weighted Average Maximum Rate: 13.780%
Weighted Average Minimum Rate: 7.780%
% Second Lien: 0.00%
% Silent & Simultaneous Seconds: 30.53%
% California Loans: 19.00%





2. Product Type

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Product Type	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
15 Year Fixed	48	5,726,610	1.4	119,304	6.899	67.98	68.33	680	39.84
20 Year Fixed	3	337,715	0.08	112,572	7.227	79.58	79.58	609	37.21
30 Year Fixed	497	70,883,376	17.31	142,622	7.348	75.43	76.05	656	40.74
30/40 Year Fixed (Balloon)	70	12,612,710	3.08	180,182	7.637	79.04	83.71	641	43.37
ARM 30 Year	1	175,673	0.04	175,673	6.375	80	80	592	49
ARM 5 Year Interest Only	2	458,400	0.11	229,200	6.366	80	84.64	716	34.61
1/29 ARM	4	955,054	0.23	238,763	7.671	81.78	81.78	644	44.97
2/28 ARM	631	93,599,933	22.86	148,336	7.894	81.06	82.24	628	40.98
2/28 ARM 5 Year Interest Only	323	75,101,670	18.34	232,513	7.843	81.83	95.13	686	44.01
3/27 ARM	173	27,233,877	6.65	157,421	7.843	84.04	84.71	633	40.77
3/27 ARM 5 Year Interest Only	94	18,975,551	4.63	201,868	7.768	81.4	92.12	687	42.15
5/25 ARM	11	2,093,487	0.51	190,317	7.253	82.22	83.8	684	42.84
5/25 ARM 10 Year Interest Only	11	2,500,007	0.61	227,273	7.285	79.42	87.71	691	43.44
30/40 Year ARM 2/28 (Balloon)	507	96,680,533	23.61	190,691	7.641	81.03	90.84	638	44.89
30/40 Year ARM 5/25 (Balloon)	14	2,158,657	0.53	154,190	7.532	77.57	88.52	650	43.14
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55





3. Range of Gross Mortgage Rates (%)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Range of Gross Mortgage Rates (%)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
4.500 - 4.999	2	359,009	0.09	179,504	4.999	58.63	58.63	754	34.15
5.000 - 5.499	10	1,830,741	0.45	183,074	5.299	56	56	736	32.14
5.500 - 5.999	44	8,313,023	2.03	188,932	5.786	68.52	69.33	711	40.95
6.000 - 6.499	67	14,363,732	3.51	214,384	6.26	73.27	78.43	701	43.15
6.500 - 6.999	251	49,551,437	12.1	197,416	6.773	74.26	80.5	674	42.77
7.000 - 7.499	321	57,503,412	14.04	179,138	7.226	78.38	85.64	661	42.95
7.500 - 7.999	764	135,115,132	33	176,852	7.753	80.27	87.12	646	42.61
8.000 - 8.499	519	78,612,085	19.2	151,468	8.204	82.57	87.48	630	41.93
8.500 - 8.999	376	55,887,456	13.65	148,637	8.578	86.11	91.21	633	42.95
9.000 - 9.499	21	4,870,848	1.19	231,945	9.203	92.99	98.06	673	43.63
9.500 - 9.999	11	2,152,516	0.53	195,683	9.652	93.97	96.49	683	44.83
10.000 - 10.499	1	350,863	0.09	350,863	10	100	100	654	49
10.500 - 10.999	2	583,000	0.14	291,500	10.554	94.29	94.29	660	43
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55
Weighted Average Gross Mortgage Rate (%): 7.687
Minimum Gross Mortgage Rate (%): 4.999
Maximum Gross Mortgage Rate (%): 10.625
Standard Deviation Gross Mortgage Rate (%): 0.720





4. Range of Cut-off Date Principal Balances ($)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Range of Cut-off Date Principal Balances ($)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
0.01 - 50,000.00	59	2,502,286	0.61	42,412	8.112	72.49	74.8	633	36.8
50,000.01 - 100,000.00	511	40,196,114	9.82	78,662	7.885	79.73	82.97	637	40.42
100,000.01 - 150,000.00	587	73,191,443	17.87	124,687	7.75	80.1	85.22	639	41.3
150,000.01 - 200,000.00	500	87,682,579	21.41	175,365	7.641	79.45	84.57	644	42.8
200,000.01 - 250,000.00	298	66,265,743	16.18	222,368	7.648	79.6	85.96	654	42.38
250,000.01 - 300,000.00	197	53,955,924	13.18	273,888	7.698	80.99	87.8	657	44.03
300,000.01 - 350,000.00	105	34,073,113	8.32	324,506	7.721	82.63	89.39	665	42.93
350,000.01 - 400,000.00	98	36,743,475	8.97	374,933	7.457	80.51	88.3	666	44.17
400,000.01 - 450,000.00	24	9,946,565	2.43	414,440	7.754	80.41	92.42	687	44.59
450,000.01 - 500,000.00	7	3,380,835	0.83	482,976	7.614	82.05	90.55	683	45.64
500,000.01 - 550,000.00	3	1,555,177	0.38	518,392	7.187	74.6	87.53	673	41.64
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55
Average Cut-off Date Principal Balance ($): 171,407.81
Minimum Cut-off Date Principal Balance ($): 11,134.96
Maximum Cut-off Date Principal Balance ($): 549,506.97
Standard Deviation Cut-off Date Principal Balance ($): 89,142.14





5. Range of Original Principal Balances ($)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Range of Original Principal Balances ($)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
0.01 - 50,000.00	58	2,452,305	0.6	42,281	8.117	72.54	74.9	633	37.08
50,000.01 - 100,000.00	512	40,246,095	9.83	78,606	7.885	79.71	82.96	637	40.4
100,000.01 - 150,000.00	586	73,041,574	17.84	124,644	7.75	80.07	85.2	639	41.31
150,000.01 - 200,000.00	501	87,832,448	21.45	175,314	7.642	79.48	84.59	644	42.8
200,000.01 - 250,000.00	298	66,265,743	16.18	222,368	7.648	79.6	85.96	654	42.38
250,000.01 - 300,000.00	197	53,955,924	13.18	273,888	7.698	80.99	87.8	657	44.03
300,000.01 - 350,000.00	105	34,073,113	8.32	324,506	7.721	82.63	89.39	665	42.93
350,000.01 - 400,000.00	98	36,743,475	8.97	374,933	7.457	80.51	88.3	666	44.17
400,000.01 - 450,000.00	24	9,946,565	2.43	414,440	7.754	80.41	92.42	687	44.59
450,000.01 - 500,000.00	7	3,380,835	0.83	482,976	7.614	82.05	90.55	683	45.64
500,000.01 - 550,000.00	3	1,555,177	0.38	518,392	7.187	74.6	87.53	673	41.64
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55
Average Orig Balance ($): 171,597.06
Minimum Orig Balance ($): 11,200.00
Maximum Orig Balance ($): 550,000.00
Standard Deviation Orig Balance ($): 89,193.42





6. Range of Stated Remaining Terms (months)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Range of Stated Remaining Terms (months)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
171 - 180	48	5,726,610	1.4	119,304	6.899	67.98	68.33	680	39.84
231 - 240	3	337,715	0.08	112,572	7.227	79.58	79.58	609	37.21
351 - 360	2,338	403,428,928	98.52	172,553	7.699	80.34	86.37	650	42.6
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55
Weighted Average Remaining Term: 355
Minimum Remaining Term: 177
Maximum Remaining Term: 359
Standard Deviation Remaining Term: 26





7. Stated Original Term (months)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Stated Original Term (months)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
180	48	5,726,610	1.4	119,304	6.899	67.98	68.33	680	39.84
240	3	337,715	0.08	112,572	7.227	79.58	79.58	609	37.21
360	2,338	403,428,928	98.52	172,553	7.699	80.34	86.37	650	42.6
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55
Weighted Average Original Term: 357
Minimum Original Term: 180
Maximum Original Term: 360
Standard Deviation Original Term: 26





8. Range of Original LTV Ratios (%)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Range of Original LTV Ratios (%)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
<= 30.00	10	828,742	0.2	82,874	7.146	23.67	23.67	668	37.07
30.01 - 35.00	10	1,424,453	0.35	142,445	7.416	32.71	32.71	690	38.57
35.01 - 40.00	17	1,972,391	0.48	116,023	7.313	37.16	37.16	631	30.21
40.01 - 45.00	17	2,164,152	0.53	127,303	6.954	42.4	42.4	667	34.29
45.01 - 50.00	37	5,943,869	1.45	160,645	7.337	47.76	47.76	623	39.67
50.01 - 55.00	44	6,496,710	1.59	147,652	6.87	52.93	52.93	654	38.63
55.01 - 60.00	60	9,717,640	2.37	161,961	7.468	57.66	57.66	633	40.22
60.01 - 65.00	76	12,157,650	2.97	159,969	7.174	63.32	63.32	636	38.82
65.01 - 70.00	99	16,900,490	4.13	170,712	7.242	68.22	68.59	625	42.04
70.01 - 75.00	129	21,621,077	5.28	167,605	7.48	73.42	73.79	627	41.44
75.01 - 80.00	1,159	209,961,195	51.27	181,157	7.595	79.71	91.23	655	43.5
80.01 - 85.00	141	23,855,403	5.83	169,187	7.884	84.33	84.33	623	42.64
85.01 - 90.00	195	32,155,772	7.85	164,901	8.037	89.55	89.55	641	43.2
90.01 - 95.00	167	28,408,805	6.94	170,113	8.016	94.54	94.54	662	41.61
95.01 - 100.00	228	35,884,904	8.76	157,390	8.387	99.92	99.92	682	42.58
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55
Weighted Average Original LTV (%): 80.17
Minimum Original LTV (%): 14.29
Maximum Original LTV (%): 100.00
Standard Deviation Original LTV (%): 12.97





9. Range of Original Combined LTV Ratios (%)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Range of Original Combined LTV Ratios (%)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
<= 30.00	10	828,742	0.2	82,874	7.146	23.67	23.67	668	37.07
30.01 - 35.00	10	1,424,453	0.35	142,445	7.416	32.71	32.71	690	38.57
35.01 - 40.00	17	1,972,391	0.48	116,023	7.313	37.16	37.16	631	30.21
40.01 - 45.00	17	2,164,152	0.53	127,303	6.954	42.4	42.4	667	34.29
45.01 - 50.00	37	5,943,869	1.45	160,645	7.337	47.76	47.76	623	39.67
50.01 - 55.00	44	6,496,710	1.59	147,652	6.87	52.93	52.93	654	38.63
55.01 - 60.00	60	9,717,640	2.37	161,961	7.468	57.66	57.66	633	40.22
60.01 - 65.00	76	12,157,650	2.97	159,969	7.174	63.32	63.32	636	38.82
65.01 - 70.00	98	16,652,155	4.07	169,920	7.238	68.2	68.2	625	41.89
70.01 - 75.00	127	21,070,972	5.15	165,913	7.462	73.42	73.42	628	41.36
75.01 - 80.00	526	85,756,440	20.94	163,035	7.491	79.32	79.32	632	41.2
80.01 - 85.00	142	24,212,582	5.91	170,511	7.882	84.26	84.29	623	42.78
85.01 - 90.00	212	36,479,199	8.91	172,072	7.982	88.31	89.55	644	43.48
90.01 - 95.00	188	32,168,480	7.86	171,109	7.98	92.72	94.5	660	42.2
95.01 - 100.00	825	152,447,817	37.23	184,785	7.839	84.68	99.96	674	44.44
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55
Weighted Average Original Combined LTV (%): 86.11
Minimum Original Combined LTV (%): 14.29
Maximum Original Combined LTV (%): 100.00
Standard Deviation Original Combined LTV (%): 15.64





10. Range of Gross Margins (%)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Range of Gross Margins (%)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
3.000 - 3.249	1	77,300	0.02	77,300	6.5	51.19	51.19	744	34
4.500 - 4.749	2	527,673	0.16	263,837	6.292	80	80	684	40.33
5.000 - 5.249	405	87,814,719	27.45	216,826	7.317	76.48	87.54	658	43.8
5.250 - 5.499	230	43,341,085	13.55	188,440	7.668	77.52	89.38	647	43.46
5.500 - 5.749	354	62,896,963	19.66	177,675	7.734	79.68	86.65	637	42.82
5.750 - 5.999	209	33,739,000	10.55	161,431	7.917	79.89	85.35	633	42.19
6.000 - 6.249	239	39,800,840	12.44	166,531	8.088	88.41	91.47	652	43.15
6.250 - 6.499	158	25,194,518	7.87	159,459	8.333	89.98	92.47	653	42.01
6.500 - 6.749	94	14,930,182	4.67	158,832	8.349	90.11	92.22	661	40.88
6.750 - 6.999	46	6,508,342	2.03	141,486	8.385	94.78	95.18	675	41.18
7.000 - 7.249	24	3,758,983	1.17	156,624	8.745	95.53	96.38	689	44.62
7.250 - 7.499	7	965,138	0.3	137,877	9.026	96.55	96.55	696	43.35
7.500 - 7.749	2	378,098	0.12	189,049	9.947	98.31	98.31	667	39.07
Total:	1,771	319,932,842	100	180,651	7.779	81.48	88.76	650	42.98
Weighted Average Margin (%): 5.622
Minimum Margin (%): 3.000
Maximum Margin (%): 7.625
Standard Deviation Margin (%): 0.537





11. Range of Minimum Mortgage Rates (%)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Range of Minimum Mortgage Rates (%)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
4.500 - 4.999	1	174,900	0.05	174,900	4.999	46.67	46.67	738	28
5.000 - 5.499	1	281,117	0.09	281,117	5.375	70	70	692	50
5.500 - 5.999	6	1,520,869	0.48	253,478	5.871	75.61	77.82	673	48.41
6.000 - 6.499	31	6,655,393	2.08	214,690	6.279	75.72	85.91	692	45.19
6.500 - 6.999	159	33,245,086	10.39	209,089	6.773	75.8	84.71	676	43.29
7.000 - 7.499	245	46,369,714	14.49	189,264	7.214	79.1	87.98	663	43.63
7.500 - 7.999	606	113,692,048	35.54	187,611	7.751	80.53	88.41	648	42.86
8.000 - 8.499	406	65,619,635	20.51	161,625	8.2	83.3	88.99	632	41.92
8.500 - 8.999	281	44,416,853	13.88	158,067	8.584	87.05	92.67	634	43.19
9.000 - 9.499	21	4,870,848	1.52	231,945	9.203	92.99	98.06	673	43.63
9.500 - 9.999	11	2,152,516	0.67	195,683	9.652	93.97	96.49	683	44.83
10.000 - 10.499	1	350,863	0.11	350,863	10	100	100	654	49
10.500 - 10.999	2	583,000	0.18	291,500	10.554	94.29	94.29	660	43
Total:	1,771	319,932,842	100	180,651	7.779	81.48	88.76	650	42.98
Weighted Average Minimum Rate (%): 7.780
Minimum Minimum Rate (%): 4.999
Maximum Minimum Rate (%): 10.625
Standard Deviation Minimum Rate (%): 0.642





12. Range of Maximum Mortgage Rates (%)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Range of Maximum Mortgage Rates (%)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
10.500 - 10.999	1	174,900	0.05	174,900	4.999	46.67	46.67	738	28
11.000 - 11.499	1	281,117	0.09	281,117	5.375	70	70	692	50
11.500 - 11.999	6	1,520,869	0.48	253,478	5.871	75.61	77.82	673	48.41
12.000 - 12.499	31	6,655,393	2.08	214,690	6.279	75.72	85.91	692	45.19
12.500 - 12.999	159	33,245,086	10.39	209,089	6.773	75.8	84.71	676	43.29
13.000 - 13.499	245	46,369,714	14.49	189,264	7.214	79.1	87.98	663	43.63
13.500 - 13.999	606	113,692,048	35.54	187,611	7.751	80.53	88.41	648	42.86
14.000 - 14.499	406	65,619,635	20.51	161,625	8.2	83.3	88.99	632	41.92
14.500 - 14.999	281	44,416,853	13.88	158,067	8.584	87.05	92.67	634	43.19
15.000 - 15.499	21	4,870,848	1.52	231,945	9.203	92.99	98.06	673	43.63
15.500 - 15.999	11	2,152,516	0.67	195,683	9.652	93.97	96.49	683	44.83
16.000 - 16.499	1	350,863	0.11	350,863	10	100	100	654	49
16.500 - 16.999	2	583,000	0.18	291,500	10.554	94.29	94.29	660	43
Total:	1,771	319,932,842	100	180,651	7.779	81.48	88.76	650	42.98
Weighted Average Maximum Rate (%): 13.780
Minimum Maximum Rate (%): 10.999
Maximum Maximum Rate (%): 16.625
Standard Deviation Maximum Rate (%): 0.642





13. Initial Periodic Cap (%)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Initial Periodic Cap (%)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
1	3	634,073	0.2	211,358	6.369	80	83.36	682	38.59
2	4	955,054	0.3	238,763	7.671	81.78	81.78	644	44.97
3	1,764	318,343,716	99.5	180,467	7.782	81.48	88.79	649	42.98
Total:	1,771	319,932,842	100	180,651	7.779	81.48	88.76	650	42.98
Weighted Average Initial Cap (%): 2.993
Minimum Initial Cap (%): 1.000
Maximum Initial Cap (%): 3.000
Standard Deviation Initial Cap (%): 0.095





14. Subsequent Periodic Cap (%)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Subsequent Periodic Cap (%)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
1	1,771	319,932,842	100	180,651	7.779	81.48	88.76	650	42.98
Total:	1,771	319,932,842	100	180,651	7.779	81.48	88.76	650	42.98
Weighted Average Subsequent Periodic Cap (%): 1.000
Minimum Subsequent Periodic Cap (%): 1.000
Maximum Subsequent Periodic Cap (%): 1.000
Standard Deviation Subsequent Periodic Cap (%): 0.000





15. Next Rate Adjustment Dates

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Next Rate Adjustment Dates	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
Sep-06	3	634,073	0.2	211,358	6.369	80	83.36	682	38.59
Mar-07	4	955,054	0.3	238,763	7.671	81.78	81.78	644	44.97
Feb-08	95	17,324,855	5.42	182,367	7.728	80.36	88.38	653	42.09
Mar-08	1,364	247,870,319	77.48	181,723	7.791	81.33	89.07	647	43.35
Apr-08	2	186,963	0.06	93,481	8.545	80.98	80.98	625	34.36
Feb-09	19	2,769,356	0.87	145,756	7.847	83.78	89.29	655	39.17
Mar-09	247	43,248,172	13.52	175,094	7.814	82.91	87.6	655	41.55
Apr-09	1	191,900	0.06	191,900	6.75	79.99	99.98	731	25
Feb-11	3	335,607	0.1	111,869	7.973	90.94	90.94	670	44.42
Mar-11	33	6,416,544	2.01	194,441	7.322	79.11	86.54	676	43.09
Total:	1,771	319,932,842	100	180,651	7.779	81.48	88.76	650	42.98
Weighted Average Next Rate Adjustment Date: May 2008
Minimum Next Rate Adjustment Date: September 2006
Maximum Next Rate Adjustment Date: March 2011





16. Geograghic Distribution of Mortgaged Properties

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Geograghic Distribution of Mortgaged Properties	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
California	287	77,809,349	19	271,113	7.37	75.24	84.77	673	43.68
Florida	240	43,330,326	10.58	180,543	7.718	77.17	83.55	651	43.19
Illinois	182	32,544,874	7.95	178,818	7.914	82.89	86.57	639	42.63
New York	94	22,147,449	5.41	235,611	7.659	79.99	85.95	653	41.13
Texas	167	19,391,684	4.74	116,118	7.733	80.91	84.48	636	42.04
Michigan	120	15,415,199	3.76	128,460	7.914	86.38	90.47	642	43.32
New Jersey	63	14,526,459	3.55	230,579	7.758	81.17	83.84	648	44.19
Ohio	117	13,630,673	3.33	116,501	8.034	87.6	90.32	640	41.33
Nevada	65	13,480,818	3.29	207,397	7.549	78.03	86.79	657	42.5
Minnesota	68	12,773,857	3.12	187,851	7.649	84.92	90.52	651	42.73
Arizona	68	12,472,570	3.05	183,420	7.535	76.57	79.34	637	41.99
Georgia	78	11,690,322	2.85	149,876	7.867	83.7	89.37	650	41.51
Maryland	50	10,615,310	2.59	212,306	7.505	79.12	84.63	648	41.97
Washington	54	9,664,357	2.36	178,970	7.48	78.12	85.35	648	42.65
North Carolina	69	9,218,125	2.25	133,596	7.827	83.95	88.96	660	43.49
Other	667	90,781,881	22.17	136,105	7.811	82.04	87.44	644	41.66
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55





17. Occupancy

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Occupancy	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
Primary	2,271	393,763,027	96.16	173,388	7.681	80.2	86.37	649	42.59
Investment	100	12,017,990	2.93	120,180	7.816	78.4	78.72	686	40.88
Second Home	18	3,712,236	0.91	206,235	7.936	81.98	81.98	678	43.74
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55





18. Property Type

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Property Type	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
Single Family	1,802	293,788,000	71.74	163,034	7.664	80.08	85.29	648	42.22
Planned Unit Development	307	58,098,317	14.19	189,245	7.762	81.06	88.15	656	43.14
Condominium	164	29,698,061	7.25	181,086	7.78	80.57	91.84	665	44.44
Two-to-Four Family	115	27,799,931	6.79	241,739	7.669	78.74	84.44	658	42.85
Modular Homes	1	108,944	0.03	108,944	8.375	78.02	78.02	562	31
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55





19. Loan Purpose

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Loan Purpose	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
Refinance - Cashout	1,265	212,096,137	51.79	167,665	7.611	77.76	78.53	636	41.66
Purchase	940	169,663,801	41.43	180,493	7.832	83.45	96.71	670	43.95
Refinance - Rate Term	184	27,733,316	6.77	150,725	7.386	78.5	79.15	648	40.85
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55





20. Documentation Type

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Documentation Type	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
Full Documentation	1,482	226,112,969	55.22	152,573	7.539	78.83	82.81	635	42.45
Stated Documentation	504	111,125,109	27.14	220,486	7.925	81.43	95.18	683	43.54
Limited Documentation	14	2,520,568	0.62	180,041	7.936	78.15	78.15	620	41.97
Alternative Documentation	389	69,734,608	17.03	179,266	7.78	82.56	82.63	650	41.35
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55





21. Range of Debt Ratio

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Range of Debt Ratio	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
0.01 - 30.00	277	38,185,546	9.33	137,854	7.581	76.23	77.95	643	26.19
30.01 - 35.00	299	47,238,609	11.54	157,989	7.672	78.53	81.34	648	33.32
35.01 - 40.00	334	55,875,404	13.65	167,292	7.639	79.99	84.39	652	38.15
40.01 - 45.00	497	86,246,298	21.06	173,534	7.741	80.8	88	658	43.12
45.01 - 50.00	692	133,109,059	32.51	192,354	7.738	81.24	89.77	655	48.12
50.01 - 55.00	290	48,838,336	11.93	168,408	7.605	80.97	85.75	634	53.15
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55
Non-zero Weighted Average DTI: 42.55
Minimum DTI: 20.00
Maximum DTI: 55.00
Standard Deviation DTI: 8.36





22. Range of Credit Scores

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Range of Credit Scores	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
540 - 559	84	12,142,672	2.97	144,556	8.124	69.63	69.63	549	41.98
560 - 579	194	30,433,591	7.43	156,874	7.944	74.7	74.94	570	41.82
580 - 599	220	32,702,530	7.99	148,648	7.959	76.61	81.18	589	42.07
600 - 619	291	42,249,866	10.32	145,189	7.882	78.73	83.33	609	42.5
620 - 639	259	40,990,636	10.01	158,265	7.752	80.04	83.85	629	42.89
640 - 659	413	74,767,247	18.26	181,034	7.837	82.62	89.11	649	42.57
660 - 679	338	60,275,988	14.72	178,331	7.649	84.01	91.32	668	42.89
680 - 699	219	41,952,519	10.24	191,564	7.5	82.07	90.57	688	43.47
700 - 719	159	31,524,322	7.7	198,266	7.24	80.77	89.31	708	43.04
720 - 739	79	16,624,211	4.06	210,433	7.294	77.28	87.37	729	42.63
740 - 759	68	13,795,962	3.37	202,882	7.218	81.74	90.9	747	42.14
760 - 779	44	8,242,830	2.01	187,337	7.237	82.47	91.51	768	41.15
780 - 799	16	3,034,606	0.74	189,663	7.015	75.08	76.94	791	36.63
800 - 819	3	487,209	0.12	162,403	6.395	64.88	64.88	804	29.38
>= 820	2	269,063	0.07	134,532	5.979	51.91	51.91	821	41.88
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55
Non-zero Weighted Average FICO: 651
Minimum FICO: 540
Maximum FICO: 821
Standard Deviation FICO: 53





23. Prepayment Penalty Term (months)

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Prepayment Penalty Term (months)	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
None	616	107,147,068	26.17	173,940	7.801	81.3	85.77	653	42.04
12	85	17,393,468	4.25	204,629	7.886	75.58	81.63	656	41.3
24	983	177,581,139	43.37	180,652	7.734	80.57	88.91	647	43.3
36	705	107,371,579	26.22	152,300	7.464	79.1	82.53	654	42.03
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55





24. Lien Position

			% of Mortgage Pool by
		Aggregate	Aggregate
		Sample Pool	Sample Pool	Avg. Sample Pool	Weighted
	Number of	Calculation Date	Calculation Date	Calculation Date	Average Gross	Weighted Average	Weighted Average	Weighted Average	Weighted Average
Lien Position	Mortgage Loans	Principal Balance ($)	Principal Balance	Principal Balance ($)	Interest Rate (%)	Original LTV (%)	Original Combined LTV (%)	FICO Score	Debt Ratio
1st Lien	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55
Total:	2,389	409,493,254	100	171,408	7.687	80.17	86.11	651	42.55












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First Franklin Mortgage Loan Trust 2006-FF7 8-K