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First Franklin Mortgage Loan Trust 2005-FF4 | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | | | | |
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2005-FF4 | | | | | |
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July 25, 2005 Distribution | | | | | |
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| | | External Parties | Table of Contents | | | | | |
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| | Seller | | | | | | | | | | | |
| | | | | 1. Certificate Payment Report | 2 | | | | | |
| | Greenwich Capital Markets | | | | | | |
| | | 2. Collection Account Report | 6 | | | | | |
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| | | | | | | | 3. Credit Enhancement Report | 8 | | | | | |
| | | | | | | | 4. Collateral Report | 9 | | | | | |
| | Certificate Insurer(s) | | | 5. Delinquency Report | 12 | | | | | |
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| | | | | | | | 6. REO Report | 15 | | | | | |
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| | | | | | | | 7. Foreclosure Report | 16 | | | | | |
| | | | | | | | 8. Prepayment Report | 17 | | | | | |
| | | | | | | | 9. Prepayment Detail Report | 20 | | | | | |
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| | | | | | | | 10. Realized Loss Report | 22 | | | | | |
| | | | | | | | 11. Realized Loss Detail Report | 25 | | | | | |
| | Servicer(s) | | | | | | | |
| | | | 12. Triggers and Adj. Cert. Report | 26 | | | | | |
| | National City Home Loan | | | | | |
| | 13. Additional Certificate Report | 27 | | | | | |
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| | Underwriter(s) | | | | | | | | | | | | | | |
| | Greenwich Capital Markets | | | | | | | | | | | |
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| | | | | | | | Total Number of Pages | | 27 | | | | | |
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| | Dates | Contacts | | | | | |
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| | Cut-Off Date: | April 01, 2005 | Marion Hogan | | | | |
| | Close Date: | April 28, 2005 | Administrator | | | | | | | | |
| | First Distribution Date: | May 25, 2005 | (714) 247-6282 | | | | | |
| | | | | | | | marion.c.hogan@db.com | | | | |
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| | | | | | | | Address: | | | | | | |
| | | | | | | | 1761 East St. Andrew Place, Santa Ana, CA 92705 | | | | |
| | Distribution Date: | July 25, 2005 | | | | | | | | | | | |
| | | | | | | | Factor Information: | (800) 735-7777 | | | | | |
| | Record Date: | June 30, 2005 | | | | | |
| | Main Phone Number: | (714) 247-6000 | | | | | |
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| | | | | July 22, 2005 | | | | | |
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| | | | | | | | https://www.tss.db.com/invr | | | | | |
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Page 1 of 27 | | | | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | | | | |
| | | | | | | |
2005-FF4 | | | | |
| | | | | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | | | | |
Certificate Payment Report | | | | |
Current Period Distribution - | | | | | |
| | | | Prior | | | | | | Current | | |
| Class | | Original | Principal | | | Total | Realized | Deferred | Principal | | |
| |
Class | Type | Cur | Face Value | Balance | Interest | Principal | Distribution | Loss | Interest | Balance | | |
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| | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) | (6) | (7)=(1)-(3)-(5)+(6) | | |
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I-A-1 | FLT/STEP | $ | 713,502,000.00 | 707,640,720.71 | 1,934,269.86 | 5,731,472.11 | 7,665,741.97 | 0.00 | 0.00 | 701,909,248.60 | | |
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II-A-1 | FLT/STEP | $ | 91,800,000.00 | 84,236,293.24 | 222,389.99 | 5,179,761.29 | 5,402,151.28 | 0.00 | 0.00 | 79,056,531.95 | | |
II-A-2 | FLT/STEP | $ | 85,330,000.00 | 85,330,000.00 | 229,259.52 | 0.00 | 229,259.52 | 0.00 | 0.00 | 85,330,000.00 | | |
II-A-3 | FLT/STEP | $ | 92,580,000.00 | 92,580,000.00 | 254,498.92 | 0.00 | 254,498.92 | 0.00 | 0.00 | 92,580,000.00 | | |
II-A-4 | FLT/STEP | $ | 35,513,000.00 | 35,513,000.00 | 99,833.59 | 0.00 | 99,833.59 | 0.00 | 0.00 | 35,513,000.00 | | |
M-1 | FLT/STEP | $ | 66,938,000.00 | 66,938,000.00 | 194,943.24 | 0.00 | 194,943.24 | 0.00 | 0.00 | 66,938,000.00 | | |
M-2 | FLT/STEP | $ | 33,788,000.00 | 33,788,000.00 | 99,714.62 | 0.00 | 99,714.62 | 0.00 | 0.00 | 33,788,000.00 | | |
M-3 | FLT/STEP | $ | 23,588,000.00 | 23,588,000.00 | 71,447.16 | 0.00 | 71,447.16 | 0.00 | 0.00 | 23,588,000.00 | | |
M-4 | FLT/STEP | $ | 22,950,000.00 | 22,950,000.00 | 70,764.18 | 0.00 | 70,764.18 | 0.00 | 0.00 | 22,950,000.00 | | |
M-5 | FLT/STEP | $ | 23,588,000.00 | 23,588,000.00 | 73,281.78 | 0.00 | 73,281.78 | 0.00 | 0.00 | 23,588,000.00 | | |
M-6 | FLT/STEP | $ | 16,575,000.00 | 16,575,000.00 | 58,197.88 | 0.00 | 58,197.88 | 0.00 | 0.00 | 16,575,000.00 | | |
M-7 | FLT/STEP | $ | 15,300,000.00 | 15,300,000.00 | 54,911.12 | 0.00 | 54,911.12 | 0.00 | 0.00 | 15,300,000.00 | | |
M-8 | FLT/STEP | $ | 14,663,000.00 | 14,663,000.00 | 57,757.00 | 0.00 | 57,757.00 | 0.00 | 0.00 | 14,663,000.00 | | |
M-9 | FLT/STEP | $ | 12,113,000.00 | 12,113,000.00 | 59,489.18 | 0.00 | 59,489.18 | 0.00 | 0.00 | 12,113,000.00 | | |
B-1 | FLT/STEP | $ | 9,563,000.00 | 9,563,000.00 | 46,965.66 | 0.00 | 46,965.66 | 0.00 | 0.00 | 9,563,000.00 | | |
B-2 | FLT/STEP | $ | 10,834,000.00 | 10,834,000.00 | 48,994.55 | 0.00 | 48,994.55 | 0.00 | 0.00 | 10,834,000.00 | | |
C | EXE | $ | 6,374,900.00 | 6,375,000.00 | 1,787,756.43 | 0.00 | 1,787,756.43 | 0.00 | 0.00 | 6,375,000.00 | | |
P | EXE | $ | 100.00 | 100.00 | 92,821.48 | 0.00 | 92,821.48 | 0.00 | 0.00 | 100.00 | | |
R | EXE/NPR | $ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |
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Total | | | 1,275,000,000.00 | 1,261,575,113.95 | 5,457,296.16 | 10,911,233.40 | 16,368,529.56 | 0.00 | 0.00 | 1,250,663,880.55 | | |
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Page 2 of 27 | | | | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | | | | |
| | | | | | | |
2005-FF4 | | | | |
| | | | | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | | | | |
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Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face- | | | | | |
| | | | | Orig. Principal | Prior | | | | Current |
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| Period | Period | | | (with Notional) | Principal | | | Total | Principal |
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Class | Starting | Ending | Method | Cusip | Balance | Balance | Interest | Principal | Distribution | Balance |
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| | | | | (1) | (1) | (2) | (3) | (4)=(2)+(3) | (5) |
I-A-1 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NQX2 | 713,502,000.00 | 991.785196 | 2.710952 | 8.032875 | 10.743827 | 983.752321 |
II-A-1 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NQY0 | 91,800,000.00 | 917.606680 | 2.422549 | 56.424415 | 58.846964 | 861.182265 |
II-A-2 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NQZ7 | 85,330,000.00 | 1,000.000000 | 2.686740 | 0.000000 | 2.686740 | 1,000.000000 |
II-A-3 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRA1 | 92,580,000.00 | 1,000.000000 | 2.748962 | 0.000000 | 2.748962 | 1,000.000000 |
II-A-4 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRB9 | 35,513,000.00 | 1,000.000000 | 2.811184 | 0.000000 | 2.811184 | 1,000.000000 |
M-1 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRC7 | 66,938,000.00 | 1,000.000000 | 2.912296 | 0.000000 | 2.912296 | 1,000.000000 |
M-2 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRD5 | 33,788,000.00 | 1,000.000000 | 2.951184 | 0.000000 | 2.951184 | 1,000.000000 |
M-3 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRE3 | 23,588,000.00 | 1,000.000000 | 3.028962 | 0.000000 | 3.028962 | 1,000.000000 |
M-4 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRF0 | 22,950,000.00 | 1,000.000000 | 3.083407 | 0.000000 | 3.083407 | 1,000.000000 |
M-5 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRG8 | 23,588,000.00 | 1,000.000000 | 3.106740 | 0.000000 | 3.106740 | 1,000.000000 |
M-6 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRH6 | 16,575,000.00 | 1,000.000000 | 3.511184 | 0.000000 | 3.511184 | 1,000.000000 |
M-7 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRJ2 | 15,300,000.00 | 1,000.000000 | 3.588962 | 0.000000 | 3.588962 | 1,000.000000 |
M-8 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRK9 | 14,663,000.00 | 1,000.000000 | 3.938962 | 0.000000 | 3.938962 | 1,000.000000 |
M-9 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRL7 | 12,113,000.00 | 1,000.000000 | 4.911185 | 0.000000 | 4.911185 | 1,000.000000 |
B-1 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRM5 | 9,563,000.00 | 1,000.000000 | 4.911185 | 0.000000 | 4.911185 | 1,000.000000 |
B-2 | 06/27/05 | 07/24/05 | A-Act/360 | 32027NRN3 | 10,834,000.00 | 1,000.000000 | 4.522296 | 0.000000 | 4.522296 | 1,000.000000 |
C | 06/01/05 | 06/30/05 | A-30/360 | | 6,374,900.00 | 1,000.015687 | 280.436780 | 0.000000 | 280.436780 | 1,000.015687 |
P | 06/01/05 | 06/30/05 | A-30/360 | | 100.00 | 1,000.000000 | 928,214.800000 | 0.000000 | 928,214.800000 | 1,000.000000 |
R | 06/01/05 | 06/30/05 | A-30/360 | | 0.00 | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 |
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Page 3 of 27 | | | | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | | | | |
| | | | | | | |
2005-FF4 | | | | |
| | | | | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | | | | |
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Distribution to Date - | | | | | |
| | | | | | | | | Current | | |
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| Original | | Unscheduled | Scheduled | Total | Total | Realized | Deferred | Principal | | |
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Class | Face Value | Interest | Principal | Principal | Principal | Distribution | Loss | Interest | Balance | | |
| (1) | (2) | (3) | (4) | (5)=(3)+(4) | (6)=(2)+(5) | (7) | (8) | (9)=(1)-(5)-(7)+(8) | | |
I-A-1 | 713,502,000.00 | 5,820,423.85 | 11,178,294.06 | 414,457.34 | 11,592,751.40 | 17,413,175.25 | 0.00 | 0.00 | 701,909,248.60 | | |
II-A-1 | 91,800,000.00 | 698,632.56 | 12,294,957.26 | 448,510.79 | 12,743,468.05 | 13,442,100.61 | 0.00 | 0.00 | 79,056,531.95 | | |
II-A-2 | 85,330,000.00 | 686,699.43 | 0.00 | 0.00 | 0.00 | 686,699.43 | 0.00 | 0.00 | 85,330,000.00 | | |
II-A-3 | 92,580,000.00 | 763,148.87 | 0.00 | 0.00 | 0.00 | 763,148.87 | 0.00 | 0.00 | 92,580,000.00 | | |
II-A-4 | 35,513,000.00 | 299,683.00 | 0.00 | 0.00 | 0.00 | 299,683.00 | 0.00 | 0.00 | 35,513,000.00 | | |
M-1 | 66,938,000.00 | 586,140.07 | 0.00 | 0.00 | 0.00 | 586,140.07 | 0.00 | 0.00 | 66,938,000.00 | | |
M-2 | 33,788,000.00 | 299,992.99 | 0.00 | 0.00 | 0.00 | 299,992.99 | 0.00 | 0.00 | 33,788,000.00 | | |
M-3 | 23,588,000.00 | 215,196.36 | 0.00 | 0.00 | 0.00 | 215,196.36 | 0.00 | 0.00 | 23,588,000.00 | | |
M-4 | 22,950,000.00 | 213,302.81 | 0.00 | 0.00 | 0.00 | 213,302.81 | 0.00 | 0.00 | 22,950,000.00 | | |
M-5 | 23,588,000.00 | 220,962.32 | 0.00 | 0.00 | 0.00 | 220,962.32 | 0.00 | 0.00 | 23,588,000.00 | | |
M-6 | 16,575,000.00 | 176,336.20 | 0.00 | 0.00 | 0.00 | 176,336.20 | 0.00 | 0.00 | 16,575,000.00 | | |
M-7 | 15,300,000.00 | 166,511.87 | 0.00 | 0.00 | 0.00 | 166,511.87 | 0.00 | 0.00 | 15,300,000.00 | | |
M-8 | 14,663,000.00 | 175,708.61 | 0.00 | 0.00 | 0.00 | 175,708.61 | 0.00 | 0.00 | 14,663,000.00 | | |
M-9 | 12,113,000.00 | 182,163.59 | 0.00 | 0.00 | 0.00 | 182,163.59 | 0.00 | 0.00 | 12,113,000.00 | | |
B-1 | 9,563,000.00 | 143,814.95 | 0.00 | 0.00 | 0.00 | 143,814.95 | 0.00 | 0.00 | 9,563,000.00 | | |
B-2 | 10,834,000.00 | 149,687.55 | 0.00 | 0.00 | 0.00 | 149,687.55 | 0.00 | 0.00 | 10,834,000.00 | | |
C | 6,374,900.00 | 4,108,499.98 | 0.00 | 0.00 | 0.00 | 4,108,499.98 | 0.00 | 100.00 | 6,375,000.00 | | |
P | 100.00 | 220,432.61 | 0.00 | 0.00 | 0.00 | 220,432.61 | 0.00 | 0.00 | 100.00 | | |
R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |
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Total | 1,275,000,000.00 | 15,127,337.62 | 23,473,251.32 | 862,968.13 | 24,336,219.45 | 39,463,557.07 | 0.00 | 100.00 | 1,250,663,880.55 | | |
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Page 4 of 27 | | | | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | | | | |
| | | | | | | |
2005-FF4 | | | | |
| | | | | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | | | | |
| | | | | | | | | | | | | | | | | | | | |
Interest Detail - | | |
| Pass | Prior Principal | | Non- | Prior | Unscheduled | | Paid or | Current |
|
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| Through | (with Notional) | Accrued | Supported | Unpaid | Interest | Optimal | Deferred | Unpaid | | |
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Class | Rate | Balance | Interest | Interest SF | Interest | Adjustment | Interest | Interest | Interest | | |
| | | (1) | (2) | (3) | (4) | (5)=(1)-(2)+(3)+(4) | (6) | (7)=(5)-(6) | | |
I-A-1 | 3.51438% | 707,640,720.71 | 1,934,269.86 | 0.00 | 0.00 | 0.00 | 1,934,269.86 | 1,934,269.86 | 0.00 | | |
II-A-1 | 3.39438% | 84,236,293.24 | 222,389.99 | 0.00 | 0.00 | 0.00 | 222,389.99 | 222,389.99 | 0.00 | | |
II-A-2 | 3.45438% | 85,330,000.00 | 229,259.52 | 0.00 | 0.00 | 0.00 | 229,259.52 | 229,259.52 | 0.00 | | |
II-A-3 | 3.53438% | 92,580,000.00 | 254,498.92 | 0.00 | 0.00 | 0.00 | 254,498.92 | 254,498.92 | 0.00 | | |
II-A-4 | 3.61438% | 35,513,000.00 | 99,833.59 | 0.00 | 0.00 | 0.00 | 99,833.59 | 99,833.59 | 0.00 | | |
M-1 | 3.74438% | 66,938,000.00 | 194,943.24 | 0.00 | 0.00 | 0.00 | 194,943.24 | 194,943.24 | 0.00 | | |
M-2 | 3.79438% | 33,788,000.00 | 99,714.62 | 0.00 | 0.00 | 0.00 | 99,714.62 | 99,714.62 | 0.00 | | |
M-3 | 3.89438% | 23,588,000.00 | 71,447.16 | 0.00 | 0.00 | 0.00 | 71,447.16 | 71,447.16 | 0.00 | | |
M-4 | 3.96438% | 22,950,000.00 | 70,764.18 | 0.00 | 0.00 | 0.00 | 70,764.18 | 70,764.18 | 0.00 | | |
M-5 | 3.99438% | 23,588,000.00 | 73,281.78 | 0.00 | 0.00 | 0.00 | 73,281.78 | 73,281.78 | 0.00 | | |
M-6 | 4.51438% | 16,575,000.00 | 58,197.88 | 0.00 | 0.00 | 0.00 | 58,197.88 | 58,197.88 | 0.00 | | |
M-7 | 4.61438% | 15,300,000.00 | 54,911.12 | 0.00 | 0.00 | 0.00 | 54,911.12 | 54,911.12 | 0.00 | | |
M-8 | 5.06438% | 14,663,000.00 | 57,757.00 | 0.00 | 0.00 | 0.00 | 57,757.00 | 57,757.00 | 0.00 | | |
M-9 | 6.31438% | 12,113,000.00 | 59,489.18 | 0.00 | 0.00 | 0.00 | 59,489.18 | 59,489.18 | 0.00 | | |
B-1 | 6.31438% | 9,563,000.00 | 46,965.66 | 0.00 | 0.00 | 0.00 | 46,965.66 | 46,965.66 | 0.00 | | |
B-2 | 5.81438% | 10,834,000.00 | 48,994.55 | 0.00 | 0.00 | 0.00 | 48,994.55 | 48,994.55 | 0.00 | | |
C | 336.51886% | 6,375,000.00 | 1,787,756.43 | 0.00 | 0.00 | 0.00 | 1,787,756.43 | 1,787,756.43 | 0.00 | | |
P | 0.00000% | 100.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 92,821.48 | 0.00 | | |
R | 0.00000% | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |
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Total | | 1,261,575,113.95 | 5,364,474.68 | 0.00 | 0.00 | 0.00 | 5,364,474.68 | 5,457,296.16 | 0.00 | | |
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Page 5 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
Collection Account Report | |
SUMMARY | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
Principal Collections | | | | | 5,179,761.29 | 5,731,472.11 | 10,911,233.40 | | |
Principal Withrawals | | | | | 0.00 | 0.00 | 0.00 | | |
Principal Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | |
TOTAL NET PRINCIPAL | | | | | 5,179,761.29 | 5,731,472.11 | 10,911,233.40 | | |
Interest Collections | | | | | 1,046,006.43 | 3,122,370.06 | 4,168,376.49 | | |
Interest Withdrawals | | | | | -0.00 | -0.00 | -0.00 | | |
Interest Other Accounts | | | | | 506,469.48 | 945,650.07 | 1,544,941.03 | | |
Interest Fees | | | | | -66,777.76 | -189,243.60 | -256,021.36 | | |
TOTAL NET INTEREST | | | | | 1,485,698.16 | 3,878,776.53 | 5,457,296.16 | | |
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION | | | | | 6,665,459.45 | 9,610,248.64 | 16,368,529.56 | | |
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PRINCIPAL - COLLECTIONS | | |
| |
| | | | | | | | | | | Group 2 | Group 1 | Total | |
Scheduled Principal Received | | | | | 43,588.33 | 243,186.39 | 286,774.72 | |
Curtailments | | | | | 6,968.24 | 33,919.61 | 40,887.85 | |
Prepayments In Full | | | | | 5,129,204.72 | 5,454,366.11 | ####### | | |
Repurchased/Substitutions | | | | | 0.00 | 0.00 | 0.00 | |
Liquidations | | | | | 0.00 | 0.00 | 0.00 | |
Other Additional Principal | | | | | 0.00 | 0.00 | 0.00 | |
Delinquent Principal | | | | | -6,941.73 | -39,315.06 | -46,256.79 | |
Realized Losses | | | | | -0.00 | -0.00 | -0.00 | |
Advanced Principal | | | | | 6,941.73 | 39,315.06 | 46,256.79 | |
TOTAL PRINCIPAL COLLECTED | | | | | 5,179,761.29 | 5,731,472.11 | 10,911,233.40 | |
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PRINCIPAL - WITHDRAWALS | | |
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SPACE INTENTIONALLY LEFT BLANK | | |
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PRINCIPAL - OTHER ACCOUNTS | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
TOTAL PRINCIPAL OTHER ACCOUNTS | | | | | 0.00 | 0.00 | 0.00 | | |
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Page 6 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
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Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
| | | | | | | | | | | | | | | | | |
INTEREST - COLLECTIONS | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
Scheduled Interest | | | | | 1,060,359.14 | 3,162,939.48 | 4,223,298.62 | | |
Repurchased/Substitution Interest | | | | | 0.00 | 0.00 | 0.00 | | |
Liquidation Interest | | | | | 0.00 | 0.00 | 0.00 | | |
Other Additional Interest | | | | | 0.00 | 0.00 | 0.00 | | |
Prepayment Interest Shortfalls | | | | | -877.29 | -5,092.32 | -5,969.61 | | |
Delinquent Interest | | | | | -191,239.92 | -574,377.00 | -765,616.92 | | |
Compensating Interest | | | | | 877.29 | 5,092.31 | 5,969.61 | | |
Civil Relief Act Shortfalls | | | | | -0.00 | -0.00 | -0.00 | | |
Interest Advanced | | | | | 176,887.21 | 533,807.58 | 710,694.79 | | |
TOTAL INTEREST COLLECTED | | | | | 1,046,006.43 | 3,122,370.06 | 4,168,376.49 | | |
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INTEREST - WITHDRAWALS | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
TOTAL INTEREST WITHDRAWALS | | | | | 0.00 | 0.00 | 0.00 | | |
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INTEREST - OTHER ACCOUNTS | | |
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| | | | | | | | | | Group 2 | Group 1 | Total | | |
Interest from Interest Coverage Account | | | | | 506,469.48 | 945,650.07 | 1,452,119.55 | | |
Prepayment Charges | | | | | | | | | 92,821.48 | | |
TOTAL INTEREST OTHER ACCOUNTS | | | | | 506,469.48 | 945,650.07 | 1,544,941.03 | | |
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INTEREST - FEES | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
Current Servicing Fees | | | | | 66,777.76 | 189,243.60 | 256,021.36 | | |
Trustee Fees | | | | | 0.00 | 0.00 | 0.00 | | |
TOTAL INTEREST FEES | | | | | 66,777.76 | 189,243.60 | 256,021.36 | | |
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Page 7 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
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Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
Credit Enhancement Report | |
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ACCOUNTS | | |
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RESERVE | | | | | | |
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Amount Deposited in the Account | 0.00 | | |
Amount Withdrawn | 0.00 | | |
Releases | 0.00 | | |
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INSURANCE | | |
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SPACE INTENTIONALLY LEFT BLANK | | |
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STRUCTURAL FEATURES | | |
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| | | | | | | | | | Group 2 | Group 1 | Total | | |
Overcollateralization Amount | | | | | | | | | 6,375,000.00 | | |
Overcollateralization Target Amount | | | | | | | | | 6,375,000.00 | | |
Overcollateralization Deficiency Amount | | | | | | | | | 0.00 | | |
Overcollateralization Release Amount | | | | | | | | | 0.00 | | |
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Page 8 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
Collateral Report | |
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COLLATERAL | | |
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| | | | | | | | | | | Group 2 | Group 1 | Total | |
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Loan Count: | | | | | | | | | | | | | | |
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Original | | | | | 422 | 3,553 | 3,975 | | |
Prior | | | | | 408 | 3,524 | 3,932 | | |
Prefunding | | | | | 0 | 0 | 0 | | |
Scheduled Paid Offs | | | | | -0 | -0 | -0 | | |
Full Voluntary Prepayments | | | | | -9 | -32 | -41 | | |
Repurchases | | | | | -0 | -0 | -0 | | |
Liquidations | | | | | -0 | -0 | -0 | | |
Current | | | | | 399 | 3,492 | 3,891 | | |
Principal Balance: | | | | | | | | | | | | | | |
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Original | | | | | 202,276,785.92 | 557,412,462.56 | 759,689,248.48 | | |
Prior | | | | | 194,713,119.80 | 551,551,242.63 | 746,264,362.43 | | |
Prefunding | | | | | 0.00 | 0.00 | 0.00 | | |
Scheduled Principal | | | | | -43,588.33 | -243,186.39 | -286,774.72 | | |
Partial Prepayments | | | | | -6,968.24 | -33,919.61 | -40,887.85 | | |
Full Voluntary Prepayments | | | | | -5,129,204.72 | -5,454,366.11 | -10,583,570.83 | | |
Repurchases | | | | | -0.00 | -0.00 | -0.00 | | |
Liquidations | | | | | -0.00 | -0.00 | -0.00 | | |
Current | | | | | 189,533,358.51 | 545,819,770.52 | 735,353,129.03 | | |
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PREFUNDING | | |
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| | | | | | | | | | Group 2 | Group 1 | Total | | |
Prefunding Account Original Balance | | | | | 179,729,808.30 | 335,580,943.22 | 515,310,751.52 | | |
Prefunding Account Beginning Balance | | | | | 179,729,808.30 | 335,580,943.22 | 515,310,751.52 | | |
Subsequent Loans Added to the Pool | | | | | 0.00 | 0.00 | 0.00 | | |
Prefund Release to Certificate Holders | | | | | 0.00 | 0.00 | 0.00 | | |
Prefunding Account Ending Balance | | | | | 179,729,808.30 | 335,580,943.22 | 515,310,751.52 | | |
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Page 9 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
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CHARACTERISTICS | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
Weighted Average Coupon Original | | | | | 6.53900% | 6.88491% | 6.79281% | | |
Weighted Average Coupon Prior | | | | | 6.53833% | 6.88298% | 6.79158% | | |
Weighted Average Coupon Current | | | | | 6.53490% | 6.88155% | 6.79110% | | |
Weighted Average Months to Maturity Original | | | | | 358 | 356 | 357 | | |
Weighted Average Months to Maturity Prior | | | | | 357 | 355 | 355 | | |
Weighted Average Months to Maturity Current | | | | | 356 | 354 | 354 | | |
Weighted Avg Remaining Amortization Term Original | | | | | 358 | 356 | 357 | | |
Weighted Avg Remaining Amortization Term Prior | | | | | 357 | 355 | 355 | | |
Weighted Avg Remaining Amortization Term Current | | | | | 356 | 354 | 354 | | |
Weighted Average Seasoning Original | | | | | 2.19 | 2.19 | 2.19 | | |
Weighted Average Seasoning Prior | | | | | 3.18 | 3.19 | 3.19 | | |
Weighted Average Seasoning Current | | | | | 4.19 | 4.19 | 4.19 | | |
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Page 10 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
| | | | | | | | | | | | | | | | | |
ARM CHARACTERISTICS | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
Weighted Average Margin Original | | | | | 5.55112% | 5.78001% | 5.71611% | | |
Weighted Average Margin Prior | | | | | 5.55735% | 5.77931% | 5.71761% | | |
Weighted Average Margin Current | | | | | 5.57037% | 5.77732% | 5.72067% | | |
Weighted Average Max Rate Original | | | | | 12.52761% | 12.82550% | 12.74234% | | |
Weighted Average Max Rate Prior | | | | | 12.52675% | 12.82362% | 12.74109% | | |
Weighted Average Max Rate Current | | | | | 12.52637% | 12.82134% | 12.74059% | | |
Weighted Average Min Rate Original | | | | | 6.52761% | 6.82550% | 6.74234% | | |
Weighted Average Min Rate Prior | | | | | 6.52675% | 6.82362% | 6.74109% | | |
Weighted Average Min Rate Current | | | | | 6.52637% | 6.82134% | 6.74059% | | |
Weighted Average Cap Up Original | | | | | 1.00000% | 1.00000% | 1.00000% | | |
Weighted Average Cap Up Prior | | | | | 1.00000% | 1.00000% | 1.00000% | | |
Weighted Average Cap Up Current | | | | | 1.00000% | 1.00000% | 1.00000% | | |
Weighted Average Cap Down Original | | | | | 1.00000% | 1.00000% | 1.00000% | | |
Weighted Average Cap Down Prior | | | | | 1.00000% | 1.00000% | 1.00000% | | |
Weighted Average Cap Down Current | | | | | 1.00000% | 1.00000% | 1.00000% | | |
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SERVICING FEES & ADVANCES | | |
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| | | | | | | | | | | Group 2 | Group 1 | Total | |
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Current Servicing Fees | | | | | 66,777.76 | 189,243.60 | 256,021.36 | | |
Delinquent Servicing Fees | | | | | 14,352.71 | 40,569.42 | 54,922.13 | | |
TOTAL SERVICING FEES | | | | | 81,130.47 | 229,813.03 | 310,943.50 | | |
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Total Servicing Fees | | | | | 81,130.47 | 229,813.03 | 310,943.50 | | |
Compensating Interest | | | | | -877.29 | -5,092.31 | -5,969.61 | | |
Delinquent Servicing Fees | | | | | -14,352.71 | -40,569.42 | -54,922.13 | | |
COLLECTED SERVICING FEES | | | | | 65,900.46 | 184,151.29 | 250,051.76 | | |
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Total Advaced Interest | | | | | 176,887.21 | 533,807.58 | 710,694.79 | | |
Total Advaced Principal | | | | | 6,941.73 | 39,315.06 | 46,256.79 | | |
Aggregate Advances with respect to this Distribution | | | | | 183,828.94 | 573,122.64 | 756,951.59 | | |
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ADDITIONAL COLLATERAL INFORMATION | | |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
Prepayment Interest Shortfall (PPIS) | | | | | 877.29 | 5,092.32 | 5,969.61 | | |
Compensating Interest | | | | | -877.29 | -5,092.31 | -5,969.61 | | |
Net Prepayment Interest Shortfall (PPIS) | | | | | 0.00 | 0.00 | 0.00 | | |
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Weighted Average Net Mortgage Rate | | | | | 9.156228% | 8.438984% | 8.775383% | | |
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Libor For Current Period | | | | | | | | | 3.3144% | | |
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Libor For Next Period | | | | | | | | | 3.4600% | | |
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Page 11 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
Delinquency Report | |
| | | | | | | | | | | | | | | | | |
| TOTAL | | | | | | | | | | | | |
| | | | | < 1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
| DELINQUENT | Balance | | | 2,536,306.12 | 591,375.02 | 0.00 | 3,127,681.14 | | | |
| % Balance | | | 0.34% | 0.08% | 0.00% | 0.43% | | | |
| # Loans | | | 17 | 2 | 0 | 19 | | | |
| % # Loans | | | 0.44% | 0.05% | 0.00% | 0.49% | | | |
| FORECLOSURE | Balance | 0.00 | 1,668,103.58 | 700,000.00 | 0.00 | 2,368,103.58 | | | |
| % Balance | 0.00% | 0.23% | 0.10% | 0.00% | 0.32% | | | |
| # Loans | 0 | 6 | 1 | 0 | 7 | | | |
| % # Loans | 0.00% | 0.15% | 0.03% | 0.00% | 0.18% | | | |
| BANKRUPTCY | Balance | 1,137,400.63 | 61,875.00 | 0.00 | 0.00 | 1,199,275.63 | | | |
| % Balance | 0.15% | 0.01% | 0.00% | 0.00% | 0.16% | | | |
| # Loans | 8 | 1 | 0 | 0 | 9 | | | |
| % # Loans | 0.21% | 0.03% | 0.00% | 0.00% | 0.23% | | | |
| REO | Balance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| % Balance | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| # Loans | 0 | 0 | 0 | 0 | 0 | | | |
| % # Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| TOTAL | Balance | 1,137,400.63 | 4,266,284.70 | 1,291,375.02 | 0.00 | 6,695,060.35 | | | |
| % Balance | 0.15% | 0.58% | 0.18% | 0.00% | 0.91% | | | |
| # Loans | 8 | 24 | 3 | 0 | 35 | | | |
| % # Loans | 0.21% | 0.62% | 0.08% | 0.00% | 0.90% | | | |
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Page 12 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
| | | | | | | | | | | | | | | | | |
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| GROUP 1 | | | | | | | | | | | | |
| | | | | < 1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
| DELINQUENT | Balance | | | 1,964,308.12 | 154,562.39 | 0.00 | 2,118,870.51 | | | |
| % Balance | | | 0.36% | 0.03% | 0.00% | 0.39% | | | |
| # Loans | | | 16 | 1 | 0 | 17 | | | |
| % # Loans | | | 0.46% | 0.03% | 0.00% | 0.49% | | | |
| FORECLOSURE | Balance | 0.00 | 707,660.41 | 0.00 | 0.00 | 707,660.41 | | | |
| % Balance | 0.00% | 0.13% | 0.00% | 0.00% | 0.13% | | | |
| # Loans | 0 | 4 | 0 | 0 | 4 | | | |
| % # Loans | 0.00% | 0.11% | 0.00% | 0.00% | 0.11% | | | |
| BANKRUPTCY | Balance | 1,137,400.63 | 61,875.00 | 0.00 | 0.00 | 1,199,275.63 | | | |
| % Balance | 0.21% | 0.01% | 0.00% | 0.00% | 0.22% | | | |
| # Loans | 8 | 1 | 0 | 0 | 9 | | | |
| % # Loans | 0.23% | 0.03% | 0.00% | 0.00% | 0.26% | | | |
| REO | Balance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| % Balance | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| # Loans | 0 | 0 | 0 | 0 | 0 | | | |
| % # Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| TOTAL | Balance | 1,137,400.63 | 2,733,843.53 | 154,562.39 | 0.00 | 4,025,806.55 | | | |
| % Balance | 0.21% | 0.50% | 0.03% | 0.00% | 0.74% | | | |
| # Loans | 8 | 21 | 1 | 0 | 30 | | | |
| % # Loans | 0.23% | 0.60% | 0.03% | 0.00% | 0.86% | | | |
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Page 13 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
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| GROUP 2 | | | | | | | | | | | | |
| | | | | < 1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
| DELINQUENT | Balance | | | 571,998.00 | 436,812.63 | 0.00 | 1,008,810.63 | | | |
| % Balance | | | 0.30% | 0.23% | 0.00% | 0.53% | | | |
| # Loans | | | 1 | 1 | 0 | 2 | | | |
| % # Loans | | | 0.25% | 0.25% | 0.00% | 0.50% | | | |
| FORECLOSURE | Balance | 0.00 | 960,443.17 | 700,000.00 | 0.00 | 1,660,443.17 | | | |
| % Balance | 0.00% | 0.51% | 0.37% | 0.00% | 0.88% | | | |
| # Loans | 0 | 2 | 1 | 0 | 3 | | | |
| % # Loans | 0.00% | 0.50% | 0.25% | 0.00% | 0.75% | | | |
| BANKRUPTCY | Balance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| % Balance | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| # Loans | 0 | 0 | 0 | 0 | 0 | | | |
| % # Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| REO | Balance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| % Balance | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| # Loans | 0 | 0 | 0 | 0 | 0 | | | |
| % # Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| TOTAL | Balance | 0.00 | 1,532,441.17 | 1,136,812.63 | 0.00 | 2,669,253.80 | | | |
| % Balance | 0.00% | 0.81% | 0.60% | 0.00% | 1.41% | | | |
| # Loans | 0 | 3 | 2 | 0 | 5 | | | |
| % # Loans | 0.00% | 0.75% | 0.50% | 0.00% | 1.25% | | | |
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Page 14 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
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Mortgage Pass-Through Certificates | | | | | |
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2005-FF4 | |
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July 25, 2005 Distribution | |
REO Report | |
Loan Number | Original | Stated | | Current | State & | | | |
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| | | | | | | | | | | | | | First | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Payment | |
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Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | |
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TOTAL | | | | | | | | | | | | | | | |
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Page 15 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
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Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
Foreclosure Report | |
Loan Number | Original | Stated | | Current | State & | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | First | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Payment | |
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Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | |
4000163283 1 | |
158,100.00 | 156,784.87 | 01-Apr-2005 | 7.625% | MI - 84.49% | 360 | | 01-Sep-2004 | |
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4000250689 1 | 280,000.00 | 279,139.88 | 01-Apr-2005 | 7.375% | MI - 99.92% | 360 | | 01-Apr-2005 | |
4000261883 1 | 172,000.00 | 172,000.00 | 01-Apr-2005 | 7.625% | LA - 80.00% | 360 | | 01-Apr-2005 | |
4000267677 1 | 100,000.00 | 99,735.66 | 01-Apr-2005 | 8.125% | GA - 71.90% | 360 | | 01-Apr-2005 | |
35805357 2 | 700,000.00 | 700,000.00 | 01-Mar-2005 | 7.875% | NC - 96.55% | 360 | | 01-Apr-2005 | |
35830801 2 | 464,000.00 | 462,574.64 | 01-Apr-2005 | 7.375% | IL - 79.94% | 360 | | 01-Apr-2005 | |
4000268582 2 | 499,000.00 | 497,868.53 | 01-Apr-2005 | 8.875% | NY - 99.94% | 360 | | 01-Apr-2005 | |
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TOTAL | 2,373,100.00 | 2,368,103.58 | | | | | | | | | | | |
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Page 16 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
Prepayment Report | |
| | | | | | | | | | | | | | | | | |
VOLUNTARY PREPAYMENTS | | |
| |
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| | | | | | | | | | | Group 2 | Group 1 | Total | |
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Current | | | | | | | | | | | | | | |
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Number of Paid in Full Loans | | | | | 9 | 32 | 41 | | |
Number of Repurchased Loans | | | | | 0 | 0 | 0 | | |
Total Number of Loans Prepaid in Full | | | | | 9 | 32 | 41 | | |
Curtailments Amount | | | | | 6,968.24 | 33,919.61 | 40,887.85 | | |
Paid in Full Balance | | | | | 5,129,204.72 | 5,454,366.11 | 10,583,570.83 | | |
Repurchased Loans Balance | | | | | 0.00 | 0.00 | 0.00 | | |
Total Prepayment Amount | | | | | 5,136,172.96 | 5,488,285.72 | 10,624,458.68 | | |
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Cumulative | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
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Number of Paid in Full Loans | | | | | 23 | 61 | 84 | | |
Number of Repurchased Loans | | | | | 0 | 0 | 0 | | |
Total Number of Loans Prepaid in Full | | | | | 23 | 61 | 84 | | |
Paid in Full Balance | | | | | 12,591,506.78 | 10,644,855.27 | ####### | | | |
Repurchased Loans Balance | | | | | 0.00 | 0.00 | 0.00 | | |
Curtailments Amount | | | | | 18,822.24 | 217,972.12 | 236,794.36 | | |
Total Prepayment Amount | | | | | 12,610,329.02 | 10,862,827.39 | 23,473,156.41 | | |
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Page 17 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
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July 25, 2005 Distribution | |
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VOLUNTARY PREPAYMENTS RATES | | |
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| | | | | | | | | | | Group 2 | Group 1 | Total | |
| | | | | | | | | | | | | | | | | |
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SMM | | | | | 2.64% | 1.00% | 1.42% | | |
3 Months Avg SMM | | | | | 2.12% | 0.65% | 1.04% | | |
12 Months Avg SMM | | | | | 2.12% | 0.65% | 1.04% | | |
Avg SMM Since Cut-off | | | | | 2.12% | 0.65% | 1.04% | | |
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CPR | | | | | 27.45% | 11.31% | 15.81% | | |
3 Months Avg CPR | | | | | 22.71% | 7.58% | 11.81% | | |
12 Months Avg CPR | | | | | 22.71% | 7.58% | 11.81% | | |
Avg CPR Since Cut-off | | | | | 22.71% | 7.58% | 11.81% | | |
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PSA | | | | | 3,278.96% | 1,351.22% | 1,888.84% | | |
3 Months Avg PSA Approximation | | | | | 3,561.81% | 1,189.18% | 1,852.76% | | |
12 Months Avg PSA Approximation | | | | | 3,561.81% | 1,189.18% | 1,852.76% | | |
Avg PSA Since Cut-off Approximation | | | | | 3,561.82% | 1,189.18% | 1,852.75% | | |
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Page 18 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
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Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
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PREPAYMENT CALCULATION METHODOLOGY | | |
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Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)*(1-SMMn+1)*...*(1-SMMm)]^(1/months in period n,m) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases. | | |
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Page 19 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
Prepayment Detail Report | |
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution | | |
Loan Number | | Original | | | Current | State & | Type Prepayment | First |
|
| | | | | | | | | | | | | | | |
& | Loan | Principal | Prepayment | Prepayment | Note | LTV at | & | Payment |
| | | | | | | | | | | | | | | | | |
Loan Group | Status | Balance | Amount | Date | Rate | Origination | Original Term | Date |
| | |
35808062 1 | | 114,100.00 | 113,654.50 | | 30-Jun-2005 | 8.000% | NC - 99.74% | Paid Off - 360 | 01-Mar-2005 |
|
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35902295 1 | | 158,950.00 | 158,950.00 | | 05-Jul-2005 | 7.875% | AZ - 99.97% | Paid Off - 360 | 01-Apr-2005 |
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4000154760 1 | | 140,650.00 | 140,244.31 | | 13-Jul-2005 | 6.500% | FL - 79.91% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000188234 1 | | 169,600.00 | 169,116.10 | | 24-Jun-2005 | 6.500% | NY - 79.55% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000221566 2 | | 399,000.00 | 399,000.00 | | 06-Jul-2005 | 8.999% | OH - 95.00% | Paid Off - 360 | 01-Feb-2005 |
| | |
4000246580 2 | | 535,500.00 | 535,500.00 | | 05-Jul-2005 | 6.999% | VA - 90.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000253096 2 | | 645,000.00 | 645,000.00 | | 06-Jul-2005 | 7.375% | CA - 75.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000254019 1 | | 68,000.00 | 67,855.09 | | 20-Jun-2005 | 7.750% | MI - 99.93% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000254780 1 | | 105,600.00 | 105,600.00 | | 23-Jun-2005 | 5.625% | GA - 80.00% | Paid Off - 360 | 01-Mar-2005 |
| | |
4000255138 1 | | 125,800.00 | 125,518.17 | | 22-Jun-2005 | 7.500% | FL - 84.94% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000255401 1 | | 70,000.00 | 70,000.00 | | 05-Jul-2005 | 6.875% | MI - 51.09% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000257247 1 | | 187,500.00 | 187,119.96 | | 22-Jun-2005 | 7.999% | CA - 74.95% | Paid Off - 360 | 01-Apr-2005 |
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4000257704 1 | | 170,000.00 | 170,000.00 | | 05-Jul-2005 | 7.875% | AZ - 85.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000257934 1 | | 112,000.00 | 112,000.00 | | 15-Jul-2005 | 7.375% | AZ - 80.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000257970 1 | | 304,000.00 | 304,000.00 | | 13-Jul-2005 | 8.000% | MA - 80.00% | Paid Off - 360 | 01-Apr-2005 |
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4000258112 1 | | 175,450.00 | 175,450.00 | | 07-Jul-2005 | 8.250% | AZ - 99.97% | Paid Off - 360 | 01-Mar-2005 |
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4000259318 1 | | 148,500.00 | 148,500.00 | | 14-Jul-2005 | 7.750% | IL - 90.00% | Paid Off - 360 | 01-Apr-2005 |
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4000259796 2 | | 412,000.00 | 412,000.00 | | 29-Jun-2005 | 7.625% | IL - 80.00% | Paid Off - 360 | 01-Apr-2005 |
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4000260353 1 | | 250,000.00 | 249,439.89 | | 23-Jun-2005 | 7.500% | IL - 87.65% | Paid Off - 360 | 01-Apr-2005 |
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4000260976 1 | | 104,800.00 | 104,492.85 | | 15-Jul-2005 | 6.125% | TX - 79.92% | Paid Off - 360 | 01-Apr-2005 |
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4000263344 1 | | 275,000.00 | 274,428.52 | | 23-Jun-2005 | 7.875% | AZ - 99.93% | Paid Off - 360 | 01-Apr-2005 |
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4000263721 1 | | 171,350.00 | 171,341.96 | | 16-Jun-2005 | 6.625% | OR - 84.99% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000263798 1 | | 180,000.00 | 179,625.95 | | 13-Jul-2005 | 7.875% | NV - 74.95% | Paid Off - 360 | 01-Apr-2005 |
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4000264057 1 | | 72,000.00 | 72,000.00 | | 17-Jun-2005 | 7.125% | IL - 40.00% | Paid Off - 180 | 01-Apr-2005 |
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4000264381 1 | | 340,000.00 | 340,000.00 | | 30-Jun-2005 | 6.999% | CA - 68.00% | Paid Off - 360 | 01-Apr-2005 |
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4000265464 1 | | 318,250.00 | 318,157.19 | | 27-Jun-2005 | 6.999% | CA - 95.00% | Paid Off - 360 | 01-Apr-2005 |
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4000265755 1 | | 275,000.00 | 274,319.81 | | 16-Jun-2005 | 7.000% | IL - 76.33% | Paid Off - 360 | 01-Apr-2005 |
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4000267635 2 | | 893,000.00 | 893,000.00 | | 30-Jun-2005 | 5.875% | CA - 65.00% | Paid Off - 360 | 01-Apr-2005 |
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4000269777 1 | | 200,000.00 | 200,000.00 | | 29-Jun-2005 | 6.625% | CA - 80.00% | Paid Off - 360 | 01-Apr-2005 |
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4000270903 2 | | 550,000.00 | 549,068.12 | | 29-Jun-2005 | 8.875% | NJ - 98.16% | Paid Off - 360 | 01-Apr-2005 |
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4000271454 2 | | 540,000.00 | 537,786.60 | | 15-Jul-2005 | 6.500% | IN - 99.79% | Paid Off - 360 | 01-Apr-2005 |
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4000271524 1 | | 215,000.00 | 214,481.14 | | 17-Jun-2005 | 7.125% | MD - 97.21% | Paid Off - 360 | 01-Apr-2005 |
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4000272733 1 | | 140,000.00 | 139,999.67 | | 01-Jul-2005 | 8.500% | CA - 87.50% | Paid Off - 180 | 01-Apr-2005 |
| | |
4000273408 2 | | 600,000.00 | 600,000.00 | | 07-Jul-2005 | 7.500% | CA - 96.00% | Paid Off - 360 | 01-Apr-2005 |
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4000273434 1 | | 95,900.00 | 95,612.15 | | 07-Jul-2005 | 6.000% | NC - 79.90% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000273833 1 | | 120,000.00 | 119,672.79 | | 23-Jun-2005 | 6.500% | OH - 79.93% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000274963 1 | | 288,000.00 | 287,354.76 | | 28-Jun-2005 | 7.500% | IL - 89.93% | Paid Off - 360 | 01-Apr-2005 |
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Page 20 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
| | | | | | | | | | | | | | | | | |
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution | | |
Loan Number | | Original | | | Current | State & | Type Prepayment | First |
|
| | | | | | | | | | | | | | | |
& | Loan | Principal | Prepayment | Prepayment | Note | LTV at | & | Payment |
| | | | | | | | | | | | | | | | | |
Loan Group | Status | Balance | Amount | Date | Rate | Origination | Original Term | Date |
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4000275222 2 | | 557,850.00 | 557,850.00 | | 28-Jun-2005 | 7.500% | MD - 80.00% | Paid Off - 360 | 01-Apr-2005 |
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4000276512 1 | | 70,200.00 | 70,200.00 | | 23-Jun-2005 | 7.250% | NC - 90.00% | Paid Off - 360 | 01-Apr-2005 |
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4000277105 1 | | 205,000.00 | 204,624.79 | | 24-Jun-2005 | 8.500% | NC - 99.36% | Paid Off - 360 | 01-Apr-2005 |
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4000279570 1 | | 90,800.00 | 90,606.51 | | 22-Jun-2005 | 7.750% | NC - 99.93% | Paid Off - 360 | 01-Apr-2005 |
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| | | | | | | | | | | | | | | | | |
TOTAL | | 10,593,800.00 | 10,583,570.83 | | | | | | | | | | | |
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Page 21 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
Realized Loss Report | |
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COLLATERAL REALIZED LOSSES | | |
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| | | | | | | | | | | Group 2 | Group 1 | Total | |
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Current | | | | | | | | | | | | | | |
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Number of Loans Liquidated | | | | | 0 | 0 | 0 | | |
Collateral Principal Realized Loss/(Gain) Amount | | | | | 0.00 | 0.00 | 0.00 | | |
Collateral Interest Realized Loss/(Gain) Amount | | | | | 0.00 | 0.00 | 0.00 | | |
Net Liquidation Proceeds | | | | | 0.00 | 0.00 | 0.00 | | |
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Cumulative | | | | | | | | | | | | | | |
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Number of Loans Liquidated | | | | | 0 | 0 | 0 | | |
Collateral Realized Loss/(Gain) Amount | | | | | 0.00 | 0.00 | 0.00 | | |
Net Liquidation Proceeds | | | | | 0.00 | 0.00 | 0.00 | | |
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Page 22 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
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DEFAULT SPEEDS | | |
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| | | | | | | | | | | Group 2 | Group 1 | Total | |
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MDR | | | | | 0.00% | 0.00% | 0.00% | | |
3 Months Avg MDR | | | | | 0.00% | 0.00% | 0.00% | | |
12 Months Avg MDR | | | | | 0.00% | 0.00% | 0.00% | | |
Avg MDR Since Cut-off | | | | | 0.00% | 0.00% | 0.00% | | |
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CDR | | | | | 0.00% | 0.00% | 0.00% | | |
3 Months Avg CDR | | | | | 0.00% | 0.00% | 0.00% | | |
12 Months Avg CDR | | | | | 0.00% | 0.00% | 0.00% | | |
Avg CDR Since Cut-off | | | | | 0.00% | 0.00% | 0.00% | | |
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SDA | | | | | 0.00% | 0.00% | 0.00% | | |
3 Months Avg SDA Approximation | | | | | 0.00% | 0.00% | 0.00% | | |
12 Months Avg SDA Approximation | | | | | 0.00% | 0.00% | 0.00% | | |
Avg SDA Since Cut-off Approximation | | | | | 0.00% | 0.00% | 0.00% | | |
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Loss Severity Approximation for Current Period | | | | | 0.00% | 0.00% | 0.00% | | |
3 Months Avg Loss Severity Approximation | | | | | 0.00% | 0.00% | 0.00% | | |
12 Months Avg Loss Severity Approximation | | | | | 0.00% | 0.00% | 0.00% | | |
Avg Loss Severity Approximation Since Cut-off | | | | | 0.00% | 0.00% | 0.00% | | |
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Page 23 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
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COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY | | |
| Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance) | |
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| Conditional Default Rate (CDR): 1-((1-MDR)^12) | |
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| SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60))) | |
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| Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m) | |
| Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12) | |
| |
| Average SDA Approximation over period between the nth month and mth month: | |
| AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60))) | | |
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| Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m) | |
| Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans) | |
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| Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m) | |
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| Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods. | |
| Dates correspond to distribution dates. | |
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Page 24 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
Realized Loss Detail Report | |
Loan Number | | Current | State & | | Prior | Realized | | Cumulative | |
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& | Loan | Note | LTV at | Original | Principal | Loss/(Gain) | Realized | Realized | |
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Loan Group | Status | Rate | Origination | Term | Balance | Revision | Loss/(Gain) | Loss/(Gain) | |
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TOTAL | | | | | | | | | | | | | | | | |
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Page 25 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
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Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
Triggers and Adj. Cert. Report | |
TRIGGER EVENTS | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
| | | | | | Has Stepdown Condition occurred (0=No,1=Yes) | | | | | | | 0 | | |
| | | | | | | | | | | | | | | | | |
| | | | | | Does a Trigger Event Exist-Either a) or b) Yes? | | | | | | | 0 | | |
| | | | | | a) Does a Delinquency Trigger Event Exists | | | | | | | 0 | | |
| | | | | | b) Does a Loss Trigger Event Exists (0=No,1=Yes) | | | | | | | 0 | | |
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| | | | | | 60+ days Delinqueny Balance | | | | | | | 2,959,478.60 | | |
| | | | | | Ending Collateral Balance | | | | | | | 735,353,129.03 | | |
| | | | | | Delinquency Percentage | | | | | | | 0.4025% | | |
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| | | | | | Senior Enhancement Percentage | | | | | | | 34.3410% | | |
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| | | | | | Cumulative Loss Percentage | | | | | | | 0.0000% | | |
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ADJUSTABLE RATE CERTIFICATE INFORMATION | | |
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SPACE INTENTIONALLY LEFT BLANK | | |
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ADDITIONAL INFORMATION | | |
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SPACE INTENTIONALLY LEFT BLANK | | |
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Page 26 of 27 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
July 25, 2005 Distribution | |
Additional Certificate Report | |
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ADDITIONAL CERTIFICATE REPORT | | |
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| | | | | | | | | | | | | NET WAC Shortfall CarryOver | | NET WAC Shortfall Paid | | |
CLASS | | | | | | | | | | | | | |
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| | | I-A-1 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | II-A-1 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | II-A-2 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | II-A-3 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | II-A-4 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | M-1 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | M-2 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | M-3 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | M-4 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | M-5 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | M-6 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | M-7 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | M-8 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | M-9 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | B-1 | | | | | | | | | | $0.00 | | $0.00 | | |
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| | | B-2 | | | | | | | | | | $0.00 | | $0.00 | | |
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Page 27 of 27 | | | | | | | | | | | | | | |